AOSA. O. Smith
$64.52-1.7% 1Y
$64.52
$55.3452 weeks$80.02
The business
How AOS's business earns
A. O. Smith earns 23% on the capital it employs against an estimated 9.0% cost of capital.
23%
Return on invested capital · cost of capital 9.0% · 14 points above the estimated cost of capital
- Operating margin
- 17%
Operating margin · Specialty Industrial Machinery median 15% · 12 months to Sep 30, 2026
- Cash conversion
- 1.19×
Cash conversion · 1.21× a year ago · operating cash flow divided by operating profit after tax
- Share count, year on year
- −3.4%
Share count, year on year · fewer shares than a year ago
Operating margin by fiscal year
| Year | Operating margin |
|---|---|
| FY2020 | 17% |
| FY2021 | 19% |
| FY2022 | 9.6% |
| FY2023 | 19% |
| FY2024 | 19% |
| FY2025 | 19% |
Details›
- Gross margin12 months to Sep 30, 2026
- 39%
- Operating margin12 months to Sep 30, 2026
- 17%
- Net margin12 months to Sep 30, 2026
- 13%
- Free cash flow margin
- 15%
- Revenue, trailing twelve months
- $3.80B
- Free cash flow, trailing twelve months
- $562M
- Net income, trailing twelve months
- $495M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 23%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Customers and suppliers
Who buys from AOS and who it buys from, as the companies report it.
Customerswho buys
- Five largest customers41%
Combined share of revenue · FY2025 10-K
Supplierswho it buys from
None disclosed.
On our screensFree cash flow yield of 5 to 30 percent
Specialty Industrial Machinery
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