A. O. Smith Corporation (AOS)

NYSE: AOS · USD

$60.8

-1.25 (-2.0%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-15

Our latest published analysis: AOS rated Hold

A. O. Smith Corporation's published Hold conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$60.1 / share

Potential value

$80.1 / share

Upside to FV

+3.9%

from $60.8

Moat

7.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$7.9B
Revenue (ttm)	3.8B
Net income (ttm)	500.3M
EPS (ttm)	$3.59
Shares out	135.9M
P/E (trailing)	16.9x
P/E (forward)	13.8x
Dividend	$1.52 (2.51%)
Volume	2,103,008
Beta	1.11

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 3.8B
Net income (ttm): 500.3M
EPS (ttm): $3.59
P/E (trailing): 16.9x
P/E (forward): 13.8x
Market cap: $7.9B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$3.54B	$3.75B	$3.85B	$3.82B	$3.83B	+2.0%
Gross profit	$1.31B	$1.33B	$1.48B	$1.46B	$1.49B	+3.2%
Operating income	$682.0M	$362.0M	$745.5M	$707.7M	$728.6M	+1.7%
Net income	$487.1M	$235.7M	$556.6M	$533.6M	$546.2M	+2.9%
EPS (diluted)	$3.02	$1.51	$3.69	$3.63	$3.85	+6.3%
EBITDA	$707.8M	$310.0M	$823.8M	$786.5M	$814.5M	+3.6%
R&D	$94.2M	$89.0M	$97.5M	$101.7M	$95.0M	+0.2%
SG&A	$701.4M	$670.9M	$727.4M	$739.3M	$759.4M	+2.0%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
ABBV	AbbVie Inc.	505.6B	80.8x	7.9x	17.7%	+3.7%	+29.1%	매도
ABT	Abbott Laboratories	177.6B	38.2x	3.7x	7.2%	+2.7%	-17.2%	비중 축소
ACN	Accenture plc	144.3B	18.0x	2.0x	27.9%	+8.0%	+0.4%	보유
AAL	American Airlines Group Inc.	8.3B	—	0.1x	3.0%	+20.0%	-6.9%	보유
ADP	Automatic Data Processing, Inc.	113B	25.3x	5.1x	62.8%	+7.7%	+4.5%	보유
ALLE	Allegion plc	15.2B	22.5x	3.5x	19.4%	+8.8%	+7.2%	보유

Base and Bull scenarios

Bull20%

Price target

$80.11

+38.5% from spot

Accelerated residential housing turnover and new construction recovery combine with commercial boiler growth exceeding 8%, rapid realization of 4% to 7% price increases, and realization of $6M to $8M in operational savings. Operating margins expand toward 20.0%, driving valuation toward the upper bound of $80.11.

Consolidated revenue growth accelerates above historical trends driven by commercial boiler and water treatment market share gains
Operating margin expands to 20.0% supported by full price realization and $6M to $8M in opex savings
Commercial boiler and water treatment growth exceed 8%
China consumer demand stabilizes, restoring Rest of World operating margins toward double digits

Base55%

Price target

$60.06

+3.9% from spot

The modal expected path reflects steady North American replacement demand accounting for 80% to 85% of industry volume, offset by sluggish residential turnover. Water heating price increases of 4% to 7% achieve neutral price-cost against 15% full-year steel inflation. Consolidated revenue expands at 2.0% in FY2026 to $3,906.8M, operating margins normalize between 18.5% and 19.5%, and share repurchases of $300M retire ~2.0% to 2.5% of share count, supporting a fair value midpoint of $60.06.

Consolidated revenue tracks guidance in FY2026 before accelerating into FY2027 as residential replacement demand stabilizes
Operating margin expands gradually through FY2030 as wholesale price realization overtakes steel input cost inflation
Effective tax rate remains steady at 23.87% to 24.0%
$300M annual share repurchases reduce diluted share count from 141.9M to ~130.2M by FY2030
WACC of 9.19% and long-term terminal growth of 2.5%

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($60.06). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	1.5%	2.0%	2.5%	3.0%	3.5%
8.2%	$61.9	$65.4	$69.5	$74.4	$80.4
8.7%	$58.1	$61.0	$64.4	$68.4	$73.2
9.2%	$54.7	$57.2	$60.1	$63.4	$67.4
9.7%	$51.7	$53.9	$56.3	$59.2	$62.4
10.2%	$49.1	$51.0	$53.1	$55.5	$58.3

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E13.8

P25 n/aP50 n/aP75 n/a

Trailing P/E15.8

P25 n/aP50 n/aP75 n/a

ROE27.1

P25 n/aP50 n/aP75 n/a

ROIC23

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All AOS indicators

Market & fundamental data

Available fields

288

Groups with data

Currency

USD

Showing 288 of 288 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000091142
Company name	A. O. Smith Corporation
Country	United States
Country code	US
CUSIP number	831865209
Earnings date	2026-10-29
Earnings time	bmo
Employees	11,500
Employees change	-1,200
Employees growth	-9.45%
Enterprise value	$8.8B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1874
In index	SP500
Industry	Specialty Industrial Machinery
Is primary listing	Yes
Is SPAC	No
ISIN number	US8318652091
Last 10-K release date	2026-02-10
Last earnings date	2026-07-30
Last refreshed	2026-10-28
Last stock split date	2016-10-06
Last stock split type	Forward
Market cap	$8.3B
Market cap category	Mid-Cap
Next earnings date	2026-10-29
Options	Yes
Price	$60.81
Price currency	USD
Sector	Industrials
SIC code	3630
Stock price date	2026-10-28
Symbol	AOS
U.S. state	Wisconsin
Website	https://www.aosmith.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	16.35x
Average P/E ratio (10Y)	24.45x
Average P/E ratio (3Y)	20.64x
Average P/E ratio (5Y)	23.4x
Earnings yield	5.9%
EV/Earnings	17.45x
EV/EBIT	12.63x
EV/EBITDA	11.14x
EV/FCF	13.65x
EV/Sales	2.29x
FCF / EV yield	7.33%
FCF yield	7.77%
Forward EV/Sales	2.2x
Forward P/E	15.8x
Forward P/S	2.07x
Graham number	33.08051
Graham upside	-45.38%
Industry forward P/E	24.98x
Industry P/E	32.46x
Lynch fair value	$17.94
Lynch upside	-70.38%
P/(FCF - SBC) ratio	13.17x
P/(OCF - SBC) ratio	12.15x
P/B ratio	4.58x
P/E ratio	16.94x
P/FCF ratio	12.87x
P/OCF ratio	11.89x
P/S ratio	2.16x
Price / tangible book value	24.38x
Price/EBITDA ratio	10.5x
Sector forward P/E	26.03x
Sector P/E	40.37x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	18.17%
EBITDA margin	20.6%
Effective tax rate	22.45%
FCF margin	16.8%
Gross margin	38.59%
Operating margin	18.17%
Pretax margin	16.95%
Profit margin	13.15%
Profit per employee	$43,504
Profitable quarters	14
Profitable years	33
Revenue per employee	$330,861
ROA	12.54%
ROA (5Y)	13.11%
ROCE	24.93%
ROE	27.13%
ROE (5Y)	25.69%
ROIC	22.97%
ROIC (5Y)	34.27%
SBC / revenue	0.38%
Tax / revenue	3.81%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	0.16%
EPS growth (Q)	-14.95%
EPS growth (QoQ)	7.06%
EPS growth 10Y	7.32%
EPS growth 3Y	26.16%
EPS growth 5Y	5.78%
EPS growth years	1
FCF growth	29.28%
FCF growth (Q)	-6.61%
FCF growth (QoQ)	-3.78%
FCF growth 3Y	6.23%
FCF growth 5Y	4.38%
Gross profit growth	1.42%
Gross profit growth (Q)	-2.34%
Gross profit growth 3Y	1.3%
Gross profit growth 5Y	3.59%
Net income growth	-3.53%
Net income growth (Q)	-17.94%
Net income growth (QoQ)	5.85%
Net income growth 3Y	22.28%
Net income growth 5Y	2.54%
Net income growth years	1
OCF growth	16.14%
OCF growth (Q)	-10.89%
OCF growth (QoQ)	-3.86%
OCF growth 10Y	4.5%
OCF growth 3Y	5.05%
OCF growth 5Y	3.65%
Operating income growth	-2%
Operating income growth (Q)	-7.63%
Operating income growth 3Y	-0.05%
Operating income growth 5Y	4.46%
Revenue growth	0.39%
Revenue growth (Q)	-0.69%
Revenue growth (QoQ)	6.21%
Revenue growth 10Y	4.01%
Revenue growth 3Y	0.6%
Revenue growth 5Y	3.37%
Revenue growth years	1

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-52.9M
Depreciation and amortization	$92.4M
EBIT	$691.3M
EBITDA	$783.7M
EPS	$3.59
FCF per share	$4.70
Financing cash flow	$-168.4M
Free cash flow	$639.4M
Free cash flow minus SBC	$624.9M
Gross profit	$1.5B
Income taxes	$144.8M
Investing cash flow	$-523M
Net borrowing	$340M
Net cash flow	$3.4M
Net income	$500.3M
Operating cash flow minus SBC	$677.8M
Operating income	$691.3M
Revenue	$3.8B
Stock-based compensation	$14.5M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	6.56
Book value per share	$13.55
Debt / EBITDA	0.84
Debt / equity	0.37
Debt / FCF	1.06
Goodwill	$915.2M
Interest coverage	32.61
Long-term assets	$2.3B
Long-term liabilities	$930.9M
Net cash (debt)	$-495.9M
Net cash / market cap	-6.02%
Net debt / EBITDA	0.63
Net debt / equity	0.27
Net debt / FCF	0.78
Piotroski F-Score	5
Property, plant and equipment	$668.7M
Shareholders' equity	$1.8B
Tangible book value	$337.7M
Tangible book value per share	$2.48
Total assets	$3.6B
Total cash	$181.3M
Total debt	$677.2M
Total liabilities	$1.8B
WACC	9.76%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	1.1
Current assets	$1.4B
Current liabilities	$871.7M
Current ratio	1.59
Inventory turnover	4.66
Net working capital	$376.3M
Quick ratio	0.98
Working capital	$517.6M
Working capital turnover	7.16

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	3.71%
Dividend growth	5.8%
Dividend growth (10Y)	11.77%
Dividend growth (3Y)	6.17%
Dividend growth (5Y)	6.61%
Dividend growth years	33
Dividend payment date	2026-11-16
Dividend payment years	44
Dividend payout frequency	Quarterly
Dividend per share	$1.52
Dividend yield	2.51%
Ex-dividend date	2026-10-30
FCF payout ratio	32.31%
Last dividend	$0.38
Payout ratio	42.35%
Shareholder yield	6.22%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	34.92%
10Y return CAGR	4.81%
10Y total return	59.95%
150-day SMA	$60.33
15Y price change	521.14%
15Y return CAGR	14.71%
15Y total return	683.02%
1D price change	-2.01%
1M price change	3.29%
1M total return	3.29%
1W price change	1.75%
1W total return	1.75%
1Y price change	-11.7%
1Y return CAGR	-9.74%
1Y total return	-9.74%
20-day SMA	$58.66
200-day SMA	$63.50
20Y price change	927.13%
20Y return CAGR	14.19%
20Y total return	1,321.09%
3M price change	-2.98%
3M total return	-2.39%
3Y price change	-10.66%
3Y return CAGR	-1.82%
3Y total return	-5.35%
50-day SMA	$58.96
50-day SMA vs 200-day SMA	50under200
52-week high	$81.87
52-week high date	2026-02-12
52-week low	$54.16
52-week low date	2026-05-20
5Y price change	-5.71%
5Y return CAGR	0.71%
5Y total return	3.61%
6M price change	-6.34%
6M total return	-5.24%
All-time high	$92.45
All-time high date	2024-07-18
All-time low	$0.54
All-time low date	1984-07-31
Average true range (ATR)	$1.52
Average volume	1.5M
Beta (1Y)	0.16
Beta (2Y)	0.57
Beta (5Y)	1.11
Change from 52-week high	-25.72%
Change from 52-week low	12.28%
Change from all-time high	-34.47%
Change from all-time low	11,083.31%
Change from open	-2.23%
Day's gap	0.23%
Dollar volume	$127.9M
High price	$62.26
Low price	$60.50
Monthly RSI	44.42
Open price	$62.20
Position in 52-week range	17.61%
Premarket change	0.31%
Premarket close	$62.06
Premarket price	$62.25
Premarket volume	1.3K
Previous close	$62.06
Price vs 150-day SMA	0.42%
Price vs 20-day SMA	3.28%
Price vs 200-day SMA	-4.6%
Price vs 50-day SMA	2.74%
Relative volume	1.38
RSI	56.7
Sharpe ratio	-0.39
Sharpe ratio (3Y)	-0.07
Sharpe ratio (5Y)	-0.01
Sortino ratio	-0.35
Sortino ratio (3Y)	0.12
Sortino ratio (5Y)	0.2
Volume	2.1M
Weekly RSI	49.04
YTD price change	-9.42%
YTD total return	-7.9%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	108.3M
Float percentage	79.65%
Shares change (QoQ)	-0.94%
Shares change (YoY)	-3.71%
Shares held by insiders	0.58%
Shares held by institutions	95.18%
Shares outstanding	135.9M
Short % of float	10.69%
Short % of shares	8.51%
Short ratio	7.9 days

Deeper analysis on AOS

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this AOS report

What is the latest published AOS stock rating?

A. O. Smith Corporation is shown with Hold in the latest published report, analyzed 2026-10-15. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full AOS analysis?

The full latest published report, analyzed 2026-10-15, lives at /stocks/AOS/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for AOS?

The latest published report analyzed 2026-10-15 gives AOS a fair value of USD 60 and a potential value of USD 80. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the AOS page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-15). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

HoldAOS · Fair value $60.1+3.9%

Read full analysis →

A. O. Smith Corporation (AOS)

Our latest published analysis: AOS rated Hold

Price

Financial snapshot

Fair-value bridge

Latest news · AOS

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All AOS indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on AOS

Frequently asked questions

등급 이력

Category	Score	Reading
Valuation	6.0
Management	8.5
Balance Sheet	7.0
Profitability	7.5
Revenue Growth	2.5
Risk Assessment	6.5
Competitive Moat	7.5
Earnings Quality	4.5
Capital Efficiency	7.5