Overview Dividends

(AOS) Smith AO - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US8318652091

Water Heaters, Boilers, Heat Pumps, Water Treatment, Filtration

Building Products
Market Cap in USD: 9,372m
IPO / Inception: 1984-09-07
Return 12m vs S&P 500: -15.4%

EPS (Earnings per Share)

EPS (Earnings per Share) of AOS over the last years for every Quarter: "2020-12": 0.74, "2021-03": 0.6, "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,
EPS CAGR: 2.09%
EPS Trend: 54.4%
Last SUE: 0.62
Qual. Beats: 0

Revenue

Revenue of AOS over the last years for every Quarter: 2020-12: 834.5, 2021-03: 769, 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,
Rev. CAGR: -1.45%
Rev. Trend: 2.1%
Last SUE: -0.24
Qual. Beats: 0

Dividends

Dividend Yield 2.06%
Yield on Cost 5y 2.67%
Yield CAGR 5y 6.82%
Payout Consistency 95.3%
Payout Ratio 36.2%
Risk via 5d forecast
Volatility 23.7%
Value at Risk 5%th 37.8%
Relative Tail Risk -2.99%
Reward TTM
Sharpe Ratio -0.07
Alpha -12.03
CAGR/Max DD 0.13
Character TTM
Hurst Exponent 0.424
Beta 0.562
Beta Downside 0.318
Drawdowns 3y
Max DD 34.30%
Mean DD 12.69%
Median DD 9.69%

Description: AOS Smith AO January 03, 2026

A. O. Smith Corp. (NYSE:AOS) designs, manufactures, and sells a broad portfolio of residential and commercial water-heating and treatment solutions-including gas/electric water heaters, boilers, heat pumps, solar heaters, expansion tanks, and filtration systems-across North America, China, Europe, and India. Its brands (A. O. Smith, State, Lochinvar, Hague, Water-Right, Master Water, Atlantic Filter, Water Tec, and Aquasana) reach end-users through wholesale plumbing distributors, hardware/home-center chains, manufacturer reps, and direct-to-consumer e-commerce channels.

Key operating metrics from FY 2023 show revenue of roughly $3.5 billion, an adjusted EBITDA margin of 14 %, and a free-cash-flow conversion of 70 % of EBITDA, underscoring strong cash generation. The segment’s growth is closely tied to housing-starts and renovation spending, which have risen 6 % YoY in the U.S., while tightening energy-efficiency standards (e.g., DOE’s 2025 heat-pump water-heater rule) are accelerating demand for high-efficiency heat-pump and tankless units. Internationally, China’s commercial-boiler market is expanding at a 9 % annual rate, providing a secular tailwind for the company’s Lochinvar brand.

For a deeper quantitative look at AOS’s valuation metrics, you might explore the analyst tools on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 8.5

Net Income (530.5m TTM) > 0 and > 6% of Revenue (6% = 229.8m TTM)
FCFTA 0.18 (>2.0%) and ΔFCFTA 2.69pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 12.10% (prev 14.59%; Δ -2.49pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.21 (>3.0%) and CFO 655.6m > Net Income 530.5m (YES >=105%, WARN >=100%)
Net Debt (68.7m) to EBITDA (786.1m) ratio: 0.09 <= 3.0 (WARN <= 3.5)
Current Ratio 1.54 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (140.4m) change vs 12m ago -4.28% (target <= -2.0% for YES)
Gross Margin 38.51% (prev 38.17%; Δ 0.34pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 121.1% (prev 123.4%; Δ -2.34pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 52.15 (EBITDA TTM 786.1m / Interest Expense TTM 13.5m) >= 6 (WARN >= 3)

Altman Z'' 9.66

(A) 0.15 = (Total Current Assets 1.32b - Total Current Liabilities 852.5m) / Total Assets 3.17b
(B) 1.22 = Retained Earnings (Balance) 3.88b / Total Assets 3.17b
warn (B) unusual magnitude: 1.22 — check mapping/units
(C) 0.22 = EBIT TTM 704.0m / Avg Total Assets 3.16b
(D) 3.07 = Book Value of Equity 4.07b / Total Liabilities 1.33b
Total Rating: 9.66 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 83.01

1. Piotroski 8.50pt
2. FCF Yield 6.06%
3. FCF Margin 14.93%
4. Debt/Equity 0.12
5. Debt/Ebitda 0.09
6. ROIC - WACC (= 17.88)%
7. RoE 28.56%
8. Rev. Trend 2.07%
9. EPS Trend 54.44%

What is the price of AOS shares?

As of January 08, 2026, the stock is trading at USD 67.12 with a total of 852,512 shares traded.
Over the past week, the price has changed by +0.36%, over one month by -0.04%, over three months by -5.48% and over the past year by +0.29%.

Is AOS a buy, sell or hold?

Smith AO has received a consensus analysts rating of 3.53. Therefor, it is recommend to hold AOS.
  • Strong Buy: 4
  • Buy: 1
  • Hold: 9
  • Sell: 1
  • Strong Sell: 0

What are the forecasts/targets for the AOS price?

Issuer Target Up/Down from current
Wallstreet Target Price 78.5 17%
Analysts Target Price 78.5 17%
ValueRay Target Price 69.8 4%

AOS Fundamental Data Overview January 02, 2026

Market Cap USD = 9.37b (9.37b USD * 1.0 USD.USD)
P/E Trailing = 18.027
P/E Forward = 17.3913
P/S = 2.4469
P/B = 5.5827
P/EG = 1.7907
Beta = 1.335
Revenue TTM = 3.83b USD
EBIT TTM = 704.0m USD
EBITDA TTM = 786.1m USD
Long Term Debt = 166.8m USD (from longTermDebt, last quarter)
Short Term Debt = 19.0m USD (from shortTermDebt, last quarter)
Debt = 221.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 68.7m USD (from netDebt column, last quarter)
Enterprise Value = 9.44b USD (9.37b + Debt 221.4m - CCE 152.7m)
Interest Coverage Ratio = 52.15 (Ebit TTM 704.0m / Interest Expense TTM 13.5m)
FCF Yield = 6.06% (FCF TTM 571.8m / Enterprise Value 9.44b)
FCF Margin = 14.93% (FCF TTM 571.8m / Revenue TTM 3.83b)
Net Margin = 13.85% (Net Income TTM 530.5m / Revenue TTM 3.83b)
Gross Margin = 38.51% ((Revenue TTM 3.83b - Cost of Revenue TTM 2.35b) / Revenue TTM)
Gross Margin QoQ = 38.67% (prev 39.27%)
Tobins Q-Ratio = 2.98 (Enterprise Value 9.44b / Total Assets 3.17b)
Interest Expense / Debt = 1.63% (Interest Expense 3.60m / Debt 221.4m)
Taxrate = 23.17% (39.8m / 171.8m)
NOPAT = 540.9m (EBIT 704.0m * (1 - 23.17%))
Current Ratio = 1.54 (Total Current Assets 1.32b / Total Current Liabilities 852.5m)
Debt / Equity = 0.12 (Debt 221.4m / totalStockholderEquity, last quarter 1.84b)
Debt / EBITDA = 0.09 (Net Debt 68.7m / EBITDA 786.1m)
Debt / FCF = 0.12 (Net Debt 68.7m / FCF TTM 571.8m)
Total Stockholder Equity = 1.86b (last 4 quarters mean from totalStockholderEquity)
RoA = 16.73% (Net Income 530.5m / Total Assets 3.17b)
RoE = 28.56% (Net Income TTM 530.5m / Total Stockholder Equity 1.86b)
RoCE = 34.78% (EBIT 704.0m / Capital Employed (Equity 1.86b + L.T.Debt 166.8m))
RoIC = 25.82% (NOPAT 540.9m / Invested Capital 2.10b)
WACC = 7.93% (E(9.37b)/V(9.59b) * Re(8.09%) + D(221.4m)/V(9.59b) * Rd(1.63%) * (1-Tc(0.23)))
Discount Rate = 8.09% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -3.06%
[DCF Debug] Terminal Value 77.77% ; FCFE base≈536.6m ; Y1≈523.5m ; Y5≈528.6m
Fair Price DCF = 82.23 (DCF Value 9.32b / Shares Outstanding 113.4m; 5y FCF grow -3.50% → 3.0% )
EPS Correlation: 54.44 | EPS CAGR: 2.09% | SUE: 0.62 | # QB: 0
Revenue Correlation: 2.07 | Revenue CAGR: -1.45% | SUE: -0.24 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.99 | Chg30d=-0.010 | Revisions Net=-3 | Analysts=7
EPS next Year (2026-12-31): EPS=4.13 | Chg30d=-0.004 | Revisions Net=+0 | Growth EPS=+8.6% | Growth Revenue=+3.4%

Additional Sources for AOS Stock

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Fund Manager Positions: Dataroma | Stockcircle