(AOS) Smith AO - NYSE

Sector: Industrials | Industry: Specialty Industrial Machinery | Exchange: NYSE (USA) | Market Cap: 7.884m USD | Total Return: -8.5% in 12m

Water Heaters, Boilers, Water Treatment, Heat Pumps, Expansion Tanks
Total Rating 39
Safety 67
Buy Signal -0.78
Specialty Industrial Machinery
Industry Rotation: -2.4
Market Cap: 7.88B
Avg Turnover: 95.5M
Risk 3d forecast
Volatility28.8%
VaR 5th Pctl5.01%
VaR vs Median5.56%
Reward TTM
Sharpe Ratio-0.39
Rel. Str. IBD13.3
Rel. Str. Peer Group20.4
Character TTM
Beta0.603
Beta Downside0.814
Hurst Exponent0.542
Drawdowns 3y
Max DD36.93%
CAGR/Max DD-0.11
CAGR/Mean DD-0.26
EPS (Earnings per Share) EPS (Earnings per Share) of AOS over the last years for every Quarter: "2021-06": 0.73, "2021-09": 0.82, "2021-12": 0.87, "2022-03": 0.77, "2022-06": 0.82, "2022-09": 0.69, "2022-12": 0.86, "2023-03": 0.94, "2023-06": 1.01, "2023-09": 0.9, "2023-12": 0.97, "2024-03": 1, "2024-06": 1.06, "2024-09": 0.82, "2024-12": 0.85, "2025-03": 0.95, "2025-06": 1.07, "2025-09": 0.94, "2025-12": 0.9, "2026-03": 0.85,
EPS CAGR: 0.91%
EPS Trend: 26.1%
Last SUE: -2.44
Qual. Beats: -1
Revenue Revenue of AOS over the last years for every Quarter: 2021-06: 859.8, 2021-09: 914.6, 2021-12: 995.5, 2022-03: 977.7, 2022-06: 965.9, 2022-09: 874.2, 2022-12: 936.1, 2023-03: 966.4, 2023-06: 960.8, 2023-09: 937.5, 2023-12: 988.1, 2024-03: 978.8, 2024-06: 1024.3, 2024-09: 902.6, 2024-12: 912.4, 2025-03: 963.9, 2025-06: 1011.3, 2025-09: 942.5, 2025-12: 912.5, 2026-03: 945.6,
Rev. CAGR: 0.04%
Rev. Trend: 2.9%
Last SUE: -1.40
Qual. Beats: -1

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Description: AOS Smith AO

A. O. Smith Corporation (NYSE: AOS) specializes in the manufacturing and distribution of residential and commercial water heating and treatment solutions. Its product portfolio includes gas and electric water heaters, boilers, heat pumps, and reverse osmosis filtration systems sold under brands such as State, Lochinvar, and Aquasana. The company operates globally with a significant presence in North America, China, Europe, and India.

The business model relies on a multi-channel distribution strategy involving wholesale plumbing distributors, retail home centers, and direct-to-consumer e-commerce platforms. In the building products sector, water heater manufacturers often benefit from a high percentage of replacement demand, as these units are essential appliances with finite lifespans. Additionally, the industry is currently seeing a shift toward high-efficiency heat pump technology driven by tightening environmental regulations.

Investors can further evaluate the companys financial health and valuation metrics on ValueRay. Founded in 1874 and headquartered in Milwaukee, Wisconsin, A. O. Smith maintains a long-standing position in the global water technology market.

Headlines to Watch Out For
  • North American replacement demand for residential water heaters stabilizes revenue
  • Chinese consumer spending volatility impacts international segment growth and margins
  • Expansion of water treatment portfolio diversifies revenue beyond traditional boilers
  • Raw material cost fluctuations for steel and copper affect manufacturing margins
  • Decarbonization regulations accelerate adoption of high-margin heat pump technology
Piotroski VR-10 (Strict) 9.0
Net Income: 527.6m TTM > 0 and > 6% of Revenue
FCF/TA: 0.18 > 0.02 and ΔFCF/TA 5.30 > 1.0
NWC/Revenue: 12.86% < 20% (prev 14.20%; Δ -1.34% < -1%)
CFO/TA 0.19 > 3% & CFO 707.5m > Net Income 527.6m
Net Debt (493.3m) to EBITDA (794.7m): 0.62 < 3
Current Ratio: 1.56 > 1.5 & < 3
Outstanding Shares: last quarter (139.2m) vs 12m ago -3.63% < -2%
Gross Margin: 38.77% > 18% (prev 38.02%; Δ 0.74% > 0.5%)
Asset Turnover: 110.2% > 50% (prev 116.4%; Δ -6.19% > 0%)
Interest Coverage Ratio: 39.91 > 6 (EBIT TTM 706.4m / Interest Expense TTM 17.7m)
Altman Z'' 6.96
A: 0.13 (Total Current Assets 1.37b - Total Current Liabilities 878.1m) / Total Assets 3.65b
B: 1.10 (Retained Earnings 4.02b / Total Assets 3.65b)
C: 0.20 (EBIT TTM 706.4m / Avg Total Assets 3.46b)
D: 1.06 (Book Value of Equity 1.88b / Total Liabilities 1.77b)
Altman-Z'' = 6.96 = AAA
Beneish M -2.93
DSRI: 0.99 (Receivables 634.1m/641.5m, Revenue 3.81b/3.80b)
GMI: 0.98 (GM 38.02% / 38.77%)
AQI: 1.22 (AQ_t 0.44 / AQ_t-1 0.36)
SGI: 1.00 (Revenue 3.81b / 3.80b)
TATA: -0.05 (NI 527.6m - CFO 707.5m) / TA 3.65b)
Beneish M = -2.93 (Cap -4..+1) = A
What is the price of AOS shares?

As of June 12, 2026, the stock is trading at USD 58.66 with a total of 1,657,355 shares traded.
Over the past week, the price has changed by +2.89%, over one month by +0.24%, over three months by -13.39% and over the past year by -8.46%.

Is AOS a buy, sell or hold?

Smith AO has received a consensus analysts rating of 3.46. Therefore, it is recommended to hold AOS.

  • StrongBuy: 4
  • Buy: 1
  • Hold: 6
  • Sell: 1
  • StrongSell: 1

What are the forecasts/targets for the AOS price?
Analysts Target Price 70.9 20.9%
Smith AO (AOS) - Fundamental Data Overview as of 09 June 2026
Market Cap USD = 7.88b (7.88b USD * 1.0 USD.USD)
P/E Trailing = 15.2533
P/E Forward = 15.083
P/S = 2.0682
P/B = 4.1982
P/EG = 1.4855
Revenue TTM = 3.81b USD
EBIT TTM = 706.4m USD
EBITDA TTM = 794.7m USD
Long Term Debt = 574.2m USD (from longTermDebt, last quarter)
Short Term Debt = 41.6m USD (from shortTermDebt, last quarter)
Debt = 697.2m USD (from shortLongTermDebtTotal, last quarter) + Leases 40.7m
Net Debt = 493.3m USD (calculated: Debt 697.2m - CCE 203.9m)
Enterprise Value = 8.38b USD (7.88b + Debt 697.2m - CCE 203.9m)
Interest Coverage Ratio = 39.91 (Ebit TTM 706.4m / Interest Expense TTM 17.7m)
EV/FCF = 12.94x (Enterprise Value 8.38b / FCF TTM 647.5m)
FCF Yield = 7.73% (FCF TTM 647.5m / Enterprise Value 8.38b)
FCF Margin = 16.99% (FCF TTM 647.5m / Revenue TTM 3.81b)
Net Margin = 13.84% (Net Income TTM 527.6m / Revenue TTM 3.81b)
Gross Margin = 38.77% ((Revenue TTM 3.81b - Cost of Revenue TTM 2.33b) / Revenue TTM)
Gross Margin QoQ = 38.67% (prev 38.40%)
Tobins Q-Ratio = 2.29 (Enterprise Value 8.38b / Total Assets 3.65b)
Interest Expense / Debt = 2.54% (Interest Expense 17.7m / Debt 697.2m)
Taxrate = 23.39% (161.1m / 688.7m)
NOPAT = 541.2m (EBIT 706.4m * (1 - 23.39%))
Current Ratio = 1.56 (Total Current Assets 1.37b / Total Current Liabilities 878.1m)
Debt / Equity = 0.37 (Debt 697.2m / totalStockholderEquity, last quarter 1.88b)
Debt / EBITDA = 0.62 (Net Debt 493.3m / EBITDA 794.7m)
Debt / FCF = 0.76 (Net Debt 493.3m / FCF TTM 647.5m)
Total Stockholder Equity = 1.86b (last 4 quarters mean from totalStockholderEquity)
RoA = 15.25% (Net Income 527.6m / Total Assets 3.65b)
RoE = 28.42% (Net Income TTM 527.6m / Total Stockholder Equity 1.86b)
RoCE = 29.06% (EBIT 706.4m / Capital Employed (Equity 1.86b + L.T.Debt 574.2m))
RoIC = 20.63% (NOPAT 541.2m / Invested Capital 2.62b)
WACC = 7.60% (E(7.88b)/V(8.58b) * Re(8.10%) + D(697.2m)/V(8.58b) * Rd(2.54%) * (1-Tc(0.23)))
Discount Rate = 8.10% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -100.00 | Cagr: -3.11%
[DCF] Terminal Value 77.97% ; FCFF base≈551.1m ; Y1≈631.8m ; Y5≈929.8m
[DCF] Fair Price = 120.6 (EV 14.0b - Net Debt 493.3m = Equity 13.5b / Shares 112.0m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 26.05 | EPS CAGR: 0.91% | SUE: -2.44 | # QB: -1
Revenue Correlation: 2.87 | Revenue CAGR: 0.04% | SUE: -1.40 | # QB: -1
EPS current Quarter (2026-06-30): EPS=0.94 | Chg30d=+0.00% | Revisions=-75% | Analysts=12
EPS next Quarter (2026-09-30): EPS=1.00 | Chg30d=+0.00% | Revisions=-7% | Analysts=12
EPS current Year (2026-12-31): EPS=3.77 | Chg30d=+0.03% | Revisions=-75% | GrowthEPS=-2.0% | GrowthRev=+2.3%
EPS next Year (2027-12-31): EPS=4.18 | Chg30d=+0.00% | Revisions=-75% | GrowthEPS=+10.8% | GrowthRev=+4.3%
[Analyst] Revisions Ratio: -75%