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CompareEarnings: May 31, 2026

A.O. Smith Corp

Exchange: NYSESector: IndustrialsIndustry: Specialty Industrial Machinery

A. O. Smith Corporation manufactures and markets water heaters and boilers to the residential and commercial end markets primarily in the United States, Canada, China, Europe, India, and the Middle East. It operates in two segments, North America and Rest of World. The company offers electric, natural gas, gas tankless, and liquid propane model water heaters, as well as solar tank units for applications in residences, restaurants, hotels and motels, laundries, car washes, and small businesses; and residential boilers, as well as commercial boilers primarily for space heating applications in hospitals, schools, hotels, and other large commercial buildings. It also provides expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, and related products and parts. The company sells its products through independent wholesale plumbing distributors, hardware and home center chains, and manufacturer representative firms. It sells water heaters to approximately 7,000 retail outlets, as well as water treatment products to 4,500 retail outlets in China. The company is headquartered in Milwaukee, Wisconsin.

Did you know?

AOS's revenue grew at a 4.2% CAGR over the last 6 years.

Current Price

$64.35

-1.12%

GoodMoat Value

$64.23

0.2% overvalued
Profile
Valuation (TTM)
Market Cap$8.96B
P/E16.40
EV$9.06B
P/B4.82
Shares Out139.24M
P/Sales2.34
Revenue$3.83B
EV/EBITDA11.01

A.O. Smith Corp (AOS) Company Profile

GoodMoat Analysis

Based on data as of March 26, 2026

A.O. Smith is a high-quality, profitable manufacturer of water heaters and boilers with a strong brand and efficient operations. While it shows some signs of a durable moat, its current valuation appears neutral, offering a moderate dividend but limited margin of safety for a value investor.

Read full analysis
A.O. Smith Corporation is a leading global manufacturer of residential and commercial water heaters and boilers. Its customers are primarily homeowners, contractors, and businesses who need reliable water heating solutions. The company's moat, as assessed by the GoodMoat framework, likely stems from a combination of its strong brand, scale, and niche dominance in a mission-critical but often overlooked product category. While specific scores against all 14 moat criteria are not fully calculable from the provided data, indicators like a high Return on Equity of 29.4% and a solid operating margin of 19.0% suggest efficient operations and pricing power, which are hallmarks of a business with competitive advantages. The company's financial quality is favourable, with a robust profit margin of 14.3%, a manageable debt-to-equity ratio of 0.10, and a healthy free cash flow yield of 5.9%. However, value investors must weigh this quality against the valuation. The current P/E of 17.05 is near the GoodMoat target price of $64.23, indicating a neutral or fairly valued stock with a limited margin of safety. Key risks to monitor (Section 5 Red Flags) include potential margin compression from input cost inflation and macroeconomic sensitivity, as demand for its products is tied to housing and construction cycles. The dividend yield of 2.10% provides some income, but the overall investment case hinges on whether the stock price offers a sufficient discount to its intrinsic value, which current data does not strongly suggest. Analysis based on data as of 2024-05-15.

AOS Company Information

A. O. Smith Corporation manufactures and markets water heaters and boilers to the residential and commercial end markets primarily in the United States, Canada, China, Europe, India, and the Middle East. It operates in two segments, North America and Rest of World. The company offers electric, natural gas, gas tankless, and liquid propane model water heaters, as well as solar tank units for applications in residences, restaurants, hotels and motels, laundries, car washes, and small businesses; and residential boilers, as well as commercial boilers primarily for space heating applications in hospitals, schools, hotels, and other large commercial buildings.

It also provides expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, and related products and parts. The company sells its products through independent wholesale plumbing distributors, hardware and home center chains, and manufacturer representative firms. It sells water heaters to approximately 7,000 retail outlets, as well as water treatment products to 4,500 retail outlets in China.

The company is headquartered in Milwaukee, Wisconsin.

Sector

Industrials

Industry

Specialty Industrial Machinery

Exchange

NYSE

Country

Wisconsin, USA

AOS Key Officers

Key officers data coming soon

AOS Company Profile

A.O. Smith Corp (AOS) is a Industrials company in the Specialty Industrial Machinery industry, listed on NYSE. Headquartered in Wisconsin, USA.

A. O. Smith Corporation manufactures and markets water heaters and boilers to the residential and commercial end markets primarily in the United States, Canada, China, Europe, India, and the Middle East. It operates in two segments, North America and Rest of World. The company offers electric, natural gas, gas tankless, and liquid propane model water heaters, as well as solar tank units for applications in residences, restaurants, hotels and motels, laundries, car washes, and small businesses; and residential boilers, as well as commercial boilers primarily for space heating applications in hospitals, schools, hotels, and other large commercial buildings. It also provides expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, and related products and parts. The company sells its products through independent wholesale plumbing distributors, hardware and home center chains, and manufacturer representative firms. It sells water heaters to approximately 7,000 retail outlets, as well as water treatment products to 4,500 retail outlets in China. The company is headquartered in Milwaukee, Wisconsin.

Market capitalization: $8.96B. Shares outstanding: 139.2M. Dividend yield: 2.18%.

View the complete company profile for A.O. Smith Corp on GoodMoat, including key officers, financial metrics, sector classification, and investment analysis tools. Use the profile alongside GoodMoat's DCF calculator, fair value models, and quality score to evaluate whether AOS is a sound investment opportunity.