AOS A.O. Smith Corporation Common Stock

NYSE · Building · View on SEC EDGAR ↗

$61.32

Price · Jun 26, 2026

Fundamentals as of Apr 30, 2026

AOS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price

$61.32

Market Cap

—

P/E (TTM)

17.4

EPS (TTM)

$3.85

Revenue (TTM)

$3.83B

Div Yield

—

ROE

29.2%

Debt/Equity

0.1

52W Range

$54 – $82

AOS Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $3.83B

2016-12-31 → 2025-12-31

EPS $3.85

2016-12-31 → 2025-12-31

Free Cash Flow $546M

2016-12-31 → 2025-12-31

Margins 14.3%

2016-12-31 → 2025-12-31

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric

5Y trend

AOS

Peer Median

P/E (TTM)

17.4

21.7

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric

5Y trend

AOS

Peer Median

Gross Margin

38.8%

31.9%

Operating Margin

19.0%

—

Net Profit Margin

14.3%

9.2%

ROA

17.1%

9.7%

ROE

29.2%

18.9%

ROIC

27.7%

—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric

5Y trend

AOS

Peer Median

Debt / Equity

0.1

43.6

Current Ratio

1.5

1.8

Quick Ratio

0.9

—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric

5Y trend

AOS

Peer Median

Revenue YoY

0.32%

—

Revenue CAGR 3Y

0.67%

—

Revenue CAGR 5Y

5.8%

—

EPS YoY

6.1%

—

Net Income YoY

2.4%

—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric

5Y trend

AOS

Peer Median

EPS (Diluted)

$3.85

—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric

5Y trend

AOS

Peer Median

Payout Ratio

35.8%

—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield

—

Payout Ratio

35.8%

5Y Div CAGR

—

Ex-date	Amount
April 30, 2026	$0.3600
Jan. 30, 2026	$0.3600
Oct. 31, 2025	$0.3600
July 31, 2025	$0.3400
April 30, 2025	$0.3400
Jan. 31, 2025	$0.3400
Oct. 31, 2024	$0.3400
July 31, 2024	$0.3200
April 29, 2024	$0.3200
Jan. 30, 2024	$0.3200
Oct. 30, 2023	$0.3200
July 28, 2023	$0.3000
April 27, 2023	$0.3000
Jan. 30, 2023	$0.3000
Oct. 28, 2022	$0.3000
July 28, 2022	$0.2800
April 28, 2022	$0.2800
Jan. 28, 2022	$0.2800
Oct. 28, 2021	$0.2800
July 29, 2021	$0.2600

AOS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 18 analysts

Strong Buy 4 22.2%
Buy 4 22.2%
Hold 8 44.4%
Sell 2 11.1%
Strong Sell 0 0.0%

12-Month Price Target

11 analysts · 2026-06-27

Median $70.00

Now $61.32

Low $59.00

High $84.00

Median target $70.00 +14.2%

Mean target $70.45 +14.9%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise

0.02%

Next Report

Jul 20, 2026

Period	EPS Actual	EPS Est	Surprise
March 31, 2026	$0.85	$0.95	-0.10%
Dec. 31, 2025	$0.90	$0.85	0.05%
Sept. 30, 2025	$0.94	$0.92	0.02%
June 30, 2025	$1.07	$0.99	0.08%
March 31, 2025	$0.95	$0.92	0.03%

Peer Comparison Key metrics vs sector peers

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
AOS	—	17.4	0.32%	14.3%	29.2%	38.8%
AAON	$6.23B	59.1	20.1%	7.5%	12.4%	26.8%
WMS	$9.96B	25.2	5.0%	14.0%	25.2%	38.3%
OC	$8.98B	-18.0	2.6%	-5.2%	-11.7%	28.1%
BLDR	$11.38B	26.4	-7.4%	2.9%	10.2%	30.4%
SSD	$6.66B	19.6	4.5%	14.8%	17.4%	45.9%
ZWS	$7.76B	40.4	8.3%	11.7%	12.5%	45.1%
MAIR	—	—	—	—	—	—
AWI	$8.20B	27.0	12.1%	19.1%	35.5%	40.6%
FBIN	$6.16B	20.8	-3.2%	6.7%	12.6%	—
TREX	$3.71B	19.7	2.0%	16.2%	18.8%	39.2%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 16

Annual Income Statement data for AOS
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$3.83B	$3.82B	$3.85B	$3.75B	$3.54B	$2.90B	$2.99B	$3.19B	$3.00B	$2.69B	$2.54B	$2.36B
Cost of Revenue	$2.34B	$2.36B	$2.37B	$2.42B	$2.23B	$1.79B	$1.81B	$1.88B	$1.76B	$1.57B	$1.53B	$1.50B
Gross Profit	$1.49B	$1.46B	$1.48B	$1.33B	$1.31B	$1.11B	$1.18B	$1.31B	$1.23B	$1.11B	$1.01B	$859M
R&D Expense	$95M	$102M	$98M	$89M	$94M	$81M	$88M	$94M	$86M	$80M	$74M	$68M
SG&A Expense	$759M	$739M	$727M	$671M	$701M	$660M	$716M	$754M	$723M	$662M	$611M	$572M
Operating Income	$729M	$708M	$746M	$233M	$682M	$503M	$529M	$613M	$578M	$515M	$453M	$345M
Interest Expense	$14M	$7M	$12M	$9M	$4M	$7M	$11M	$8M	$10M	$7M	$7M	$6M
Other Non-op	$600.0K	$8M	$7M	$-426M	$20M	$11M	$18M	$21M	$21M	$18M	$11M	$5M
Pretax Income	$715M	$701M	$734M	$224M	$626M	$444M	$472M	$558M	$521M	$462M	$402M	$287M
Income Tax	$169M	$167M	$177M	$-12M	$138M	$99M	$102M	$114M	$224M	$136M	$120M	$79M
Net Income	$546M	$534M	$557M	$236M	$487M	$345M	$370M	$444M	$296M	$326M	$283M	$208M
EPS (Basic)	$3.87	$3.65	$3.71	$1.52	$3.05	$2.13	$2.24	$2.60	$1.72	$1.87	$1.59	$1.15
EPS (Diluted)	$3.85	$3.63	$3.69	$1.51	$3.02	$2.12	$2.22	$2.58	$1.70	$1.85	$1.58	$1.14
Shares (Basic)	141,029,845	145,997,584	149,952,679	154,786,327	159,906,834	161,530,589	165,450,441	170,589,345	172,666,056	174,712,683	177,622,280	180,587,008
Shares (Diluted)	141,914,840	147,084,080	151,015,574	155,779,364	161,319,902	162,604,149	166,710,897	172,194,040	174,605,189	176,825,280	179,009,180	181,973,962
EBITDA	$814M	$786M	$888M	$439M	$760M	$583M	$607M	$685M	$648M	$580M	$516M	$405M

Balance Sheet 27

Annual Balance Sheet data for AOS
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Equivalents	$174M	$240M	$340M	$391M	$443M	$573M	$374M	$260M	$347M	$330M	$324M	$319M
Short-term Investments	$19M	$36M	$24M	$91M	$188M	$116M	$177M	$385M	$473M	$424M	$322M	$222M
Receivables	$582M	$541M	$596M	$581M	$634M	$585M	$590M	$647M	$593M	$519M	$501M	$475M
Inventory	$479M	$532M	$497M	$516M	$448M	$300M	$303M	$305M	$297M	$251M	$223M	$208M
Other Current Assets	$37M	$43M	$44M	$54M	$39M	$43M	$56M	$42M	$57M	$38M	$34M	$53M
Current Assets	$1.29B	$1.39B	$1.50B	$1.63B	$1.75B	$1.62B	$1.50B	$1.64B	$1.77B	$1.56B	$1.40B	$1.32B
PP&E (Net)	$635M	$629M	$598M	$591M	$607M	$541M	$545M	$540M	$529M	$462M	$443M	$428M
PP&E (Gross)	$1.56B	$1.50B	$1.42B	$1.36B	$1.34B	$1.22B	$1.16B	$1.10B	$1.06B	$932M	$867M	$816M
Accum. Depreciation	$929M	$867M	$821M	$774M	$736M	$681M	$612M	$557M	$531M	$471M	$424M	$388M
Goodwill	$711M	$762M	$633M	$620M	$628M	$547M	$546M	$513M	$517M	$492M	$421M	$429M
Intangibles	$362M	$321M	$337M	$348M	$365M	$324M	$338M	$293M	$309M	$308M	$291M	$308M
Other Non-current Assets	$97M	$103M	$109M	$110M	$90M	$89M	$81M	$87M	$76M	$67M	$71M	$31M
Total Assets	$3.14B	$3.24B	$3.21B	$3.33B	$3.47B	$3.16B	$3.06B	$3.07B	$3.20B	$2.89B	$2.63B	$2.50B
Accrued Liabilities	$148M	$153M	$177M	$159M	$182M	$162M	$144M	$120M	$116M	$101M	$90M	$85M
Current Liabilities	$862M	$897M	$945M	$934M	$1.12B	$886M	$766M	$785M	$794M	$766M	$653M	$605M
Capital Leases	$37M	$24M	$28M	$22M	$22M	$34M	$39M	$0	·	·	·	·
Deferred Tax	·	·	·	·	·	·	·	·	·	·	·	$21M
Other Non-current Liabilities	$138M	$118M	$146M	$165M	$182M	$177M	$189M	$201M	$210M	$88M	$68M	$61M
Total Liabilities	$1.28B	$1.36B	$1.37B	$1.58B	$1.64B	$1.31B	$1.39B	$1.35B	$1.55B	$1.38B	$1.19B	$1.13B
Long-term Debt	$155M	$193M	$127M	$344M	$197M	$113M	$284M	$221M	$410M	$324M	$249M	$224M
Total Debt	$155M	$193M	$127M	$344M	$197M	$113M	$284M	$221M	$410M	$324M	$249M	$224M
Common Stock	·	·	·	·	·	·	$164M	$164M	$164M	$164M	$164M	$82M
Retained Earnings	$3.95B	$3.60B	$3.26B	$2.88B	$2.83B	$2.51B	$2.32B	$2.10B	$1.79B	$1.59B	$1.35B	$1.14B
Treasury Stock	$2.90B	$2.50B	$2.20B	$1.91B	$1.50B	$1.16B	$1.11B	$827M	$626M	$488M	$360M	$230M
AOCI	$-99M	$-112M	$-84M	$-82M	$-331M	$-321M	$-348M	$-351M	$-300M	$-363M	$-313M	$-272M
Stockholders' Equity	$1.86B	$1.88B	$1.84B	$1.75B	$1.83B	$1.85B	$1.67B	$1.72B	$1.64B	$1.51B	$1.44B	$1.38B
Liabilities + Equity	$3.14B	$3.24B	$3.21B	$3.33B	$3.47B	$3.16B	$3.06B	$3.07B	$3.20B	$2.89B	$2.63B	$2.52B

Cash Flow 17

Annual Cash Flow data for AOS
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
D&A	$85M	$79M	$78M	$77M	$78M	$80M	$78M	$72M	$70M	$65M	$63M	$60M
Amort. of Intangibles	$15M	$13M	$13M	$13M	$12M	$14M	$16M	$14M	$14M	$13M	$14M	$14M
Restructuring	$0	$18M	$19M	$0	$0	$8M	$0	·	·	·	·	·
Other Non-cash	$-14M	$-31M	$35M	$79M	$76M	$137M	$8M	$-67M	$-40M	$55M	$9M	$-42M
Operating Cash Flow	$617M	$582M	$670M	$391M	$641M	$562M	$456M	$449M	$326M	$447M	$352M	$264M
CapEx	$71M	$108M	$73M	$70M	$75M	$57M	$64M	$85M	$94M	$81M	$73M	$86M
Investing Cash Flow	$-53M	$-267M	$-24M	$8M	$-350M	$12M	$34M	$-13M	$-158M	$-300M	·	·
Debt Issued	$1.09B	$1.10B	$688M	$151M	$84M	·	$63M	·	$86M	$74M	$28M	·
Net Debt Issued	$-38M	·	·	$151M	$84M	$-171M	·	·	$86M	·	·	·
Stock Repurchased	$401M	$306M	$306M	$404M	$366M	$57M	$288M	$203M	$139M	$135M	$128M	$104M
Net Stock Activity	$-401M	$-306M	$-306M	$-404M	$-366M	$-57M	$-288M	$-203M	$-139M	$-135M	$-128M	$-104M
Dividends Paid	$196M	$190M	$184M	$177M	$170M	$159M	$149M	$130M	$97M	$84M	$68M	$54M
Financing Cash Flow	$-633M	$-408M	$-685M	$-431M	$-421M	$-375M	$-376M	$-523M	$-152M	$-140M	·	·
Net Change in Cash	$-65M	$-100M	$-51M	$-52M	$-130M	$199M	$114M	$-87M	$16M	$7M	$4M	$-61M
Taxes Paid	$165M	$188M	$190M	$175M	$131M	$114M	$117M	$116M	$131M	$117M	$98M	$89M
Free Cash Flow	$546M	$474M	$598M	$321M	$566M	$505M	$392M	$364M	$232M	$366M	$272M	$178M
Levered FCF	$536M	$469M	$589M	$311M	$563M	$500M	$383M	$357M	$226M	$361M	$266M	$174M

Profitability 8

Annual Profitability data for AOS
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Gross Margin	38.8%	38.1%	38.5%	35.4%	37.0%	38.3%	39.5%	40.9%	41.3%	41.7%	39.8%	36.5%
Operating Margin	19.0%	18.5%	21.0%	9.6%	19.3%	17.4%	17.7%	19.2%	19.3%	19.2%	17.9%	14.7%
Net Margin	14.3%	14.0%	14.4%	6.3%	13.8%	11.9%	12.4%	13.9%	9.9%	12.2%	11.2%	8.8%
Pretax Margin	18.7%	18.4%	19.0%	6.0%	17.7%	15.3%	15.8%	17.5%	17.4%	17.2%	15.9%	12.2%
EBITDA Margin	21.2%	20.6%	23.1%	11.7%	21.5%	20.1%	20.3%	21.5%	21.6%	21.6%	20.3%	17.2%
ROA	17.1%	16.5%	17.0%	6.9%	14.7%	11.1%	12.1%	14.2%	9.7%	11.8%	11.0%	8.5%
ROE	29.2%	28.1%	29.9%	13.5%	26.1%	19.2%	22.3%	25.6%	18.8%	22.1%	20.0%	15.3%
ROIC	27.7%	25.9%	31.2%	18.2%	26.2%	19.9%	21.3%	25.2%	16.0%	19.8%	18.8%	15.6%

Liquidity & Solvency 5

Annual Liquidity & Solvency data for AOS
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Current Ratio	1.5	1.6	1.6	1.7	1.6	1.8	2.0	2.1	2.2	2.0	2.2	2.2
Quick Ratio	0.9	0.9	1.0	1.1	1.1	1.4	1.5	1.6	1.8	1.7	1.8	1.7
Debt / Equity	0.1	0.1	0.1	0.2	0.1	0.1	0.2	0.1	0.2	0.2	0.2	0.2
LT Debt / Equity	0.1	0.1	0.1	0.2	0.1	0.1	0.2	0.1	0.2	0.2	0.2	0.2
Interest Coverage	54.0	105.6	67.5	38.5	158.6	68.9	48.1	73.0	57.2	70.5	61.2	60.6

Efficiency 3

Annual Efficiency data for AOS
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Asset Turnover	1.2	1.2	1.2	1.1	1.1	0.9	1.0	1.0	1.0	1.0	1.0	1.0
Inventory Turnover	4.6	4.6	4.7	5.0	6.0	5.9	6.0	6.3	6.5	6.6	7.1	7.5
Receivables Turnover	6.8	6.7	6.5	6.2	5.8	4.9	4.8	5.1	5.4	5.3	5.2	5.0

Per Share 4

Annual Per Share data for AOS
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue / Share	$26.99	$25.96	$25.51	$24.10	$21.94	$17.81	$17.95	$18.51	$17.16	$15.19	$28.34	$25.89
Cash Flow / Share	$4.35	$3.96	$4.44	$2.51	$3.97	$3.46	$2.74	$2.61	$1.87	$2.53	$3.85	$2.90
Dividend Paid / Share	$1	$1	$1	$1	$1	$1	$1	$1	$1	$0	$0	$0
EPS (TTM)	$3.85	$3.63	$3.69	$1.51	$3.02	$2.12	$2.22	$2.58	$1.70	$1.85	$1.58	$1.14

Growth Rates 10

Annual Growth Rates data for AOS
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue YoY	0.32%	-0.90%	2.6%	6.1%	22.2%	·	·	·	·	·	·	·
Revenue CAGR 3Y	0.67%	2.6%	10.0%	·	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	5.8%	·	·	·	·	·	·	·	·	·	·	·
EPS YoY	6.1%	-1.6%	144.4%	-50.0%	42.4%	·	·	·	·	·	·	·
EPS CAGR 3Y	36.6%	6.3%	20.3%	·	·	·	·	·	·	·	·	·
EPS CAGR 5Y	12.7%	·	·	·	·	·	·	·	·	·	·	·
Net Income YoY	2.4%	-4.1%	136.2%	-51.6%	41.2%	·	·	·	·	·	·	·
Net Income CAGR 3Y	32.3%	3.1%	17.3%	·	·	·	·	·	·	·	·	·
Net Income CAGR 5Y	9.6%	·	·	·	·	·	·	·	·	·	·	·
Dividend CAGR 5Y	4.3%	·	·	·	·	·	·	·	·	·	·	·

Valuation (TTM) 6

Annual Valuation (TTM) data for AOS
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue TTM	$3.83B	$3.82B	$3.85B	$3.75B	$3.54B	$2.90B	$2.99B	$3.19B	$3.00B	$2.69B	$2.54B	$2.36B
Net Income TTM	$546M	$534M	$557M	$236M	$487M	$345M	$370M	$444M	$296M	$326M	$283M	$208M
P/E	17.4	18.8	22.3	37.9	28.4	25.9	21.5	16.6	36.0	25.6	24.2	24.7
Earnings Yield	5.8%	5.3%	4.5%	2.6%	3.5%	3.9%	4.7%	6.0%	2.8%	3.9%	4.1%	4.0%
Payout Ratio	35.8%	35.7%	33.0%	75.2%	34.9%	46.0%	40.3%	29.3%	32.7%	25.8%	24.0%	26.2%
Annual Payout	$196M	$190M	$184M	$177M	$170M	$159M	$149M	$130M	$97M	$84M	$68M	$54M

Income Statement 15

Quarterly Income Statement data for AOS
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue	$946M	$912M	$942M	$1.01B	$964M	$912M	$903M	$1.02B	$979M	$988M	$938M	$961M	$966M	$936M	$874M	$966M
Cost of Revenue	$580M	$562M	$578M	$614M	$588M	$574M	$565M	$628M	$594M	$618M	$581M	$576M	$592M	$588M	$569M	$632M
Gross Profit	$366M	$350M	$364M	$397M	$375M	$338M	$337M	$396M	$385M	$370M	$356M	$385M	$374M	$349M	$305M	$334M
SG&A Expense	$204M	$187M	$189M	$191M	$193M	$182M	$177M	$188M	$192M	$185M	$175M	$180M	$187M	$169M	$156M	$167M
Operating Income	$162M	$163M	$175M	$206M	$184M	$148M	$158M	$208M	$194M	$131M	$193M	$227M	$194M	$-285M	$164M	$178M
Interest Expense	$7M	$2M	$4M	$5M	$3M	$2M	$2M	$2M	$1M	$1M	$2M	$4M	$4M	$3M	$2M	$2M
Other Non-op	$0	$-800.0K	$-200.0K	$400.0K	$1M	$9M	$-3M	$900.0K	$1M	$-4M	$-2M	$9M	$4M	$-419M	$-2M	$-300.0K
Pretax Income	$155M	$161M	$172M	$202M	$181M	$145M	$157M	$207M	$193M	$177M	$176M	$209M	$171M	$-243M	$145M	$165M
Income Tax	$37M	$35M	$40M	$49M	$44M	$35M	$36M	$50M	$45M	$40M	$41M	$52M	$44M	$-123M	$35M	$39M
Net Income	$118M	$125M	$132M	$152M	$137M	$110M	$120M	$156M	$148M	$137M	$135M	$157M	$127M	$-120M	$110M	$126M
EPS (Basic)	$0.85	$0.91	$0.94	$1.07	$0.95	$0.76	$0.82	$1.07	$1.00	$0.93	$0.90	$1.04	$0.84	$-0.76	$0.71	$0.81
EPS (Diluted)	$0.85	$0.89	$0.94	$1.07	$0.95	$0.75	$0.82	$1.06	$1.00	$0.91	$0.90	$1.04	$0.84	$-0.77	$0.71	$0.81
Shares (Basic)	138,292,701	-284,133,045	139,953,331	141,629,971	143,579,588	-293,224,043	145,577,396	146,465,276	147,178,955	-301,522,739	150,103,113	150,475,003	150,897,302	-312,121,551	154,197,072	155,692,240
Shares (Diluted)	139,167,380	-285,871,289	140,894,888	142,483,521	144,407,720	-295,513,326	146,700,340	147,599,585	148,297,481	-303,636,347	151,209,974	151,541,100	151,900,847	-314,244,869	155,074,862	156,631,672
EBITDA	$186M	·	$197M	$227M	$205M	·	$176M	$224M	$235M	·	$193M	$227M	$213M	·	$164M	$178M

Balance Sheet 25

Quarterly Balance Sheet data for AOS
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Cash & Equivalents	$185M	$174M	$153M	$178M	$173M	$240M	$219M	$216M	$252M	·	$281M	$379M	$406M	·	$359M	$359M
Short-term Investments	$19M	$19M	$20M	$0	$27M	$36M	$36M	$17M	$52M	·	$61M	$31M	$90M	·	$58M	$100M
Receivables	$634M	$582M	$589M	$640M	$642M	$541M	$558M	$650M	$585M	·	$587M	$589M	$587M	·	$564M	$622M
Inventory	$488M	$479M	$507M	$519M	$533M	$532M	$555M	$545M	$522M	·	$519M	$508M	$504M	·	$526M	$493M
Other Current Assets	$42M	$37M	$47M	$51M	$48M	$43M	$44M	$53M	$52M	·	$56M	$54M	$57M	·	$63M	$57M
Current Assets	$1.37B	$1.29B	$1.32B	$1.39B	$1.42B	$1.39B	$1.41B	$1.48B	$1.46B	·	$1.50B	$1.56B	$1.64B	·	$1.57B	$1.63B
PP&E (Net)	$632M	$635M	$633M	$637M	$634M	$629M	$625M	$603M	$599M	·	$581M	$577M	$586M	·	$584M	$593M
PP&E (Gross)	$1.58B	$1.56B	$1.55B	$1.54B	$1.52B	$1.50B	$1.49B	$1.45B	$1.43B	·	$1.38B	$1.37B	$1.38B	·	$1.34B	$1.35B
Accum. Depreciation	$948M	$929M	$914M	$902M	$883M	$867M	$862M	$844M	$831M	·	$801M	$795M	$790M	·	$756M	$754M
Goodwill	$920M	$711M	$710M	$714M	$707M	$762M	$652M	$650M	$652M	$633M	$630M	$622M	$620M	$620M	$619M	$627M
Intangibles	$599M	$362M	$366M	$372M	$374M	$321M	$327M	$330M	$334M	·	$339M	$343M	$345M	·	$350M	$358M
Other Non-current Assets	$79M	$97M	$100M	$98M	$96M	$103M	$106M	$99M	$101M	·	$112M	$113M	$110M	·	$78M	$82M
Total Assets	$3.65B	$3.14B	$3.17B	$3.25B	$3.27B	$3.24B	$3.15B	$3.20B	$3.18B	$3.21B	$3.20B	$3.25B	$3.34B	$3.33B	$3.23B	$3.32B
Accrued Liabilities	$159M	$148M	$154M	$148M	$199M	$153M	$144M	$153M	$197M	·	$175M	$170M	$214M	·	$164M	$165M
Current Liabilities	$878M	$862M	$852M	$843M	$882M	$897M	$844M	$872M	$883M	·	$896M	$861M	$896M	·	$901M	$928M
Capital Leases	$41M	$37M	$36M	$28M	$25M	$24M	$24M	$25M	$26M	·	$26M	$26M	$25M	·	$24M	$23M
Other Non-current Liabilities	$142M	$130M	$140M	$118M	$121M	$118M	$136M	$136M	$160M	·	$157M	$159M	$175M	·	$165M	$171M
Total Liabilities	$1.77B	$1.28B	$1.33B	$1.40B	$1.41B	$1.36B	$1.24B	$1.29B	$1.30B	·	$1.32B	$1.36B	$1.55B	·	$1.48B	$1.53B
Long-term Debt	$616M	$155M	$186M	$303M	$270M	$193M	$120M	$140M	$120M	·	$130M	$206M	$341M	·	$288M	$298M
Total Debt	$616M	·	$186M	$303M	$270M	·	$120M	$140M	$120M	·	$130M	$206M	$341M	·	$288M	$298M
Retained Earnings	$4.02B	$3.95B	$3.88B	$3.79B	$3.69B	$3.60B	$3.54B	$3.47B	$3.36B	·	$3.17B	$3.08B	$2.97B	·	$3.05B	$2.98B
Treasury Stock	$2.95B	$2.90B	$2.84B	$2.75B	$2.62B	$2.50B	$2.43B	$2.35B	$2.27B	·	$2.06B	$1.97B	$1.96B	·	$1.79B	$1.69B
AOCI	$-101M	$-99M	$-100M	$-96M	$-110M	$-112M	$-85M	$-92M	$-88M	·	$-90M	$-82M	$-80M	·	$-368M	$-346M
Stockholders' Equity	$1.88B	$1.86B	$1.84B	$1.85B	$1.86B	$1.88B	$1.92B	$1.91B	$1.88B	$1.84B	$1.88B	$1.89B	$1.79B	$1.75B	$1.75B	$1.79B
Liabilities + Equity	$3.65B	$3.14B	$3.17B	$3.25B	$3.27B	$3.24B	$3.15B	$3.20B	$3.18B	·	$3.20B	$3.25B	$3.34B	·	$3.23B	$3.32B

Cash Flow 14

Quarterly Cash Flow data for AOS
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
D&A	$24M	$22M	$22M	$20M	$21M	$19M	$20M	$20M	$20M	$21M	$19M	$19M	$19M	$20M	$18M	$18M
Other Non-cash	$-12M	·	·	·	$-119M	·	·	·	$-61M	·	·	·	$-26M	·	·	·
Operating Cash Flow	$129M	$183M	$255M	$140M	$39M	$222M	$196M	$57M	$107M	$231M	$179M	$140M	$120M	$177M	$160M	$38M
CapEx	$10M	$18M	$15M	$17M	$21M	$31M	$32M	$23M	$22M	$30M	$18M	$14M	$11M	$19M	$20M	$18M
Investing Cash Flow	$-480M	$-16M	$-35M	$9M	$-11M	$-156M	$-51M	$11M	$-71M	$7M	$-65M	$44M	$-10M	$-50M	$17M	$39M
Debt Issued	$564M	·	·	·	$240M	·	·	·	·	·	·	·	·	·	$-7M	$3M
Net Debt Issued	$463M	·	·	·	·	·	·	·	$-7M	·	·	·	$-4M	·	·	·
Stock Repurchased	$51M	$65M	$84M	$131M	$121M	$69M	$84M	$79M	$74M	$145M	$92M	$16M	$53M	$122M	$92M	$82M
Net Stock Activity	$-51M	·	·	·	$-121M	·	·	·	$-74M	·	·	·	$-53M	·	·	·
Dividends Paid	$50M	$51M	$48M	$48M	$49M	$50M	$47M	$47M	$47M	$48M	$45M	$45M	$45M	$46M	$43M	$44M
Financing Cash Flow	$361M	$-146M	$-246M	$-146M	$-95M	$-41M	$-144M	$-103M	$-121M	$-184M	$-210M	$-194M	$-98M	$-111M	$-141M	$-123M
Net Change in Cash	$11M	$22M	$-25M	$5M	$-67M	$20M	$3M	$-36M	$-88M	$59M	$-98M	$-27M	$15M	$32M	$-600.0K	$-46M
Free Cash Flow	$119M	·	·	·	$17M	·	·	·	$85M	·	·	·	$109M	·	·	·
Levered FCF	$113M	·	·	·	$15M	·	·	·	$84M	·	·	·	$106M	·	·	·

Profitability 8

Quarterly Profitability data for AOS
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Gross Margin	38.7%	·	38.7%	39.3%	39.0%	·	37.4%	38.7%	39.3%	·	38.0%	40.0%	38.7%	·	34.9%	34.6%
Operating Margin	17.1%	·	18.6%	20.4%	19.1%	·	19.5%	21.9%	22.0%	·	20.6%	23.7%	20.1%	·	18.7%	18.4%
Net Margin	12.5%	·	14.0%	15.0%	14.2%	·	13.3%	15.2%	15.1%	·	14.4%	16.3%	13.1%	·	12.6%	13.1%
Pretax Margin	16.4%	·	18.2%	19.9%	18.8%	·	17.3%	20.2%	19.7%	·	18.8%	21.7%	17.7%	·	16.6%	17.1%
EBITDA Margin	19.6%	·	20.9%	22.4%	21.2%	·	19.5%	21.9%	24.0%	·	20.6%	23.7%	22.1%	·	18.7%	18.4%
ROA	3.4%	·	4.2%	4.7%	4.2%	·	3.8%	4.9%	4.5%	·	4.2%	4.8%	3.8%	·	3.4%	3.9%
ROE	6.3%	·	7.0%	8.1%	7.3%	·	6.3%	8.2%	8.0%	·	7.5%	8.5%	7.0%	·	6.0%	7.0%
ROIC	5.0%	·	6.6%	7.2%	6.5%	·	6.6%	8.3%	8.2%	·	7.4%	8.2%	6.7%	·	6.1%	6.5%

Liquidity & Solvency 5

Quarterly Liquidity & Solvency data for AOS
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Current Ratio	1.6	·	1.5	1.6	1.6	·	1.7	1.7	1.7	·	1.7	1.8	1.8	·	1.7	1.8
Quick Ratio	1.0	·	0.9	1.0	1.0	·	1.0	1.0	1.0	·	1.0	1.2	1.2	·	1.1	1.2
Debt / Equity	0.3	·	0.1	0.2	0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.2	·	0.2	0.2
LT Debt / Equity	0.3	·	0.1	0.2	0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.2	·	0.2	0.2
Interest Coverage	22.8	·	48.7	44.8	63.4	·	117.4	124.6	215.6	·	80.5	50.5	48.5	·	68.2	84.8

Efficiency 3

Quarterly Efficiency data for AOS
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Asset Turnover	0.3	·	0.3	0.3	0.3	·	0.3	0.3	0.3	·	0.3	0.3	0.3	·	0.3	0.3
Inventory Turnover	1.1	·	1.1	1.2	1.1	·	1.1	1.2	1.2	·	1.1	1.2	1.2	·	1.3	1.5
Receivables Turnover	1.5	·	1.6	1.6	1.6	·	1.6	1.7	1.7	·	1.6	1.6	1.6	·	1.5	1.6

Per Share 4

Quarterly Per Share data for AOS
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue / Share	$6.79	·	$6.69	$7.10	$6.67	·	$6.15	$6.94	$6.60	·	$6.20	$6.34	$6.36	·	$5.64	$6.17
Cash Flow / Share	$0.93	·	·	·	$0.27	·	·	·	$0.72	·	·	·	$0.79	·	·	·
Dividend Paid / Share	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
EPS (TTM)	$3.81	·	$3.78	$3.90	$3.83	·	$3.78	$4.00	$3.78	·	$3.49	$3.40	$3.12	·	$3.10	$3.12

Valuation (TTM) 5

Quarterly Valuation (TTM) data for AOS
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue TTM	$3.86B	·	$3.82B	$3.90B	$3.87B	·	$3.84B	$3.90B	$3.84B	·	$3.74B	$3.77B	$3.78B	·	$3.73B	$3.72B
Net Income TTM	$539M	·	$541M	$565M	$560M	·	$559M	$596M	$567M	·	$529M	$520M	$483M	·	$487M	$496M
P/E	17.3	·	19.4	16.8	17.1	·	23.8	20.4	23.7	·	18.9	21.4	22.2	·	15.7	17.5
Earnings Yield	5.8%	·	5.1%	5.9%	5.9%	·	4.2%	4.9%	4.2%	·	5.3%	4.7%	4.5%	·	6.4%	5.7%
Payout Ratio	42.5%	·	·	·	36.0%	·	·	·	32.0%	·	·	·	35.8%	·	·	·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	$3.83B	$3.82B	$3.85B	$3.75B	$3.54B
Gross Margin %	38.8%	38.1%	38.5%	35.4%	37.0%
Operating Margin %	19.0%	18.5%	21.0%	9.6%	19.3%
Net Income	$546M	$534M	$557M	$236M	$487M
Diluted EPS	$3.85	$3.63	$3.69	$1.51	$3.02

Balance Sheet

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Debt / Equity	0.1	0.1	0.1	0.2	0.1
Current Ratio	1.5	1.6	1.6	1.7	1.6
Quick Ratio	0.9	0.9	1.0	1.1	1.1

Cash Flow

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Free Cash Flow	$546M	$474M	$598M	$321M	$566M

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