Smith A O Corp (AOS)
Industrials · Building Products · US stock · S&P 500 component
$59.22
▼ -0.25 (0.42%)
Fair valueUndervalued
$98 +65.1% to fair value
$49fair band $68–$127$147
Day's range
$58.81 – $60.79
52-week range
$53.83 – $80.92
About Smith A O Corp
A. O. Smith makes water heaters and water treatment products for homes and businesses, selling in North America, China, India and other regions. Its products reach customers through plumbing wholesalers, retailers, contractors and online channels. Revenue comes from product sales, with a large share from replacement of existing heaters, and results depend on housing activity, material costs and energy efficiency rules.
Revenue at Smith A O Corp was $3.8 billion across the last twelve months. Across three years, sales expanded by 0.7% a year. Operating profit was 17.5% of revenue. It earned a return on invested capital of 22%. Debt after cash comes to 0.6 times EBITDA. Shareholders receive a dividend yielding 2.4%. On the site's X-Ray Score, it rates 68 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $53.83 – $80.92Volume 1,735,000Daily, split-adjusted
Vitals
Market cap$8.2B
52-week range$53.83 – $80.92
Volume (last day)1,735,000
P/E (TTM)16.6
EBIT / EV yield7.7%
Free-cash-flow yield7.8%
Dividend yield2.4%
Revenue (TTM)$3.8B
Net income (TTM)$500M
Operating margin17.5%
Return on capital22.5%
Debt incl. leases$638M
Cash & securities$181M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$98model spread $94 – $102
Undervalued
+65.1% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Price $59
Undervalued < $68Fair $68 – $127Overvalued > $127
10-year DCF (market-scaled)
$90
Peer multiples
$102
Earnings power floor (not blended)
$37
Fundamentals-adjusted multiple
$101
Growth the price implies
6.0%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business at a low price
Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.
Valuation
Strong
92/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield7.7%
Free-cash-flow yield7.8%
Fair value vs price1.7×
Growth
Weak
42/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)0.7%
EPS growth (3y)36.6%
Growth consistency40%
Profitability
Fair
60/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital22.5%
Operating margin17.5%
Gross profitability40.3%
Financial health
Strong
79/100
Balance sheet looks strong: debt is well covered.
See the numbers →
Piotroski F-Score8 / 9
Net debt / EBITDA0.6×
Interest cover31.4×
Dividends
Fair
60/100
Dividend is typical for its sector.
See the numbers →
Dividend yield2.4%
Dividends vs free cash flow31%
Dividend growth3.4%
Quarterly results: last 6 quarters
-1.5%
Mar '25
-1.3%
Jun '25
+4.4%
Sep '25
+0.0%
Dec '25
-1.9%
Mar '26
-0.7%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $1.0B, diluted EPS $0.91.
Compare with peers
LII Lennox International I...62 ALLE Allegion plc62 MAS Masco Corp58 TT Trane Technologies plc58Other Building Products companies by X-Ray Score.
Fundamentals checklist
● 11 Good · ● 3 Average · ● 2 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldGood
Risk models
Altman Z''Good
Piotroski F-ScoreGood
Growth
EPS growth (3y)Good
Free-cash-flow growth (3y)Average
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioGood
Net debt / EBITDAGood
Interest coverAverage
Valuation
Fair value vs priceGood
EBIT / EV yieldGood
Profitability
Return on invested capitalGood
Operating marginAverage
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 71/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $3.5B | $3.8B | $3.9B | $3.8B | $3.8B |
| Operating income | $682M | $362M | $746M | $708M | $729M |
| Net income | $487M | $236M | $557M | $534M | $546M |
| Operating cash flow | $641M | $391M | $670M | $582M | $617M |
| Operating margin | 19.3% | 9.6% | 19.3% | 18.5% | 19.0% |
| Free cash flow | $566M | $321M | $598M | $474M | $546M |
| Diluted EPS | $3.02 | $1.51 | $3.69 | $3.63 | $3.85 |
Fiscal years, from SEC filings.
Technical summary
Daily
Neutral
6 bullish · 3 neutral · 7 bearish
Weekly
Strongly bearish
2 bullish · 1 neutral · 9 bearish
Monthly
Strongly bearish
0 bullish · 1 neutral · 7 bearish
Moving averages (daily)
| SMA 10 | 57.32 | Bullish |
| EMA 10 | 57.83 | Bullish |
| SMA 20 | 57.43 | Bullish |
| EMA 20 | 57.73 | Bullish |
| SMA 50 | 59.22 | Bearish |
| EMA 50 | 58.56 | Bullish |
| SMA 100 | 59.36 | Bearish |
| EMA 100 | 59.78 | Bearish |
| SMA 200 | 63.35 | Bearish |
| EMA 200 | 61.88 | Bearish |
Oscillators (daily)
| RSI (14) | 57.87 | Neutral |
| MACD (12, 26) | -0.13 | Bearish |
| Momentum (12) | 5.06 | Bullish |
| Stochastic %K (14) | 74.84 | Neutral |
| Williams %R (14) | -25.16 | Neutral |
| CCI (20) | 173.1 | Bearish |
Pivot points (classic, last session)
S3 56.44 | S2 57.63 | S1 58.42 | Pivot 59.61 | R1 60.40 | R2 61.59 | R3 62.38 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.44 USD
Yield on today's price
2.43%
Frequency
Quarterly
Next ex-dividend date
30 Oct 2026
| Ex-dividend date | Amount per share |
|---|---|
| 30 Oct 2026 (upcoming) | 0.3800 |
| 31 Jul 2026 | 0.3600 |
| 30 Apr 2026 | 0.3600 |
| 30 Jan 2026 | 0.3600 |
| 31 Oct 2025 | 0.3600 |
| 31 Jul 2025 | 0.3400 |
| 30 Apr 2025 | 0.3400 |
| 31 Jan 2025 | 0.3400 |
| 31 Oct 2024 | 0.3400 |
| 31 Jul 2024 | 0.3200 |
| 29 Apr 2024 | 0.3200 |
| 30 Jan 2024 | 0.3200 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
AOS SEC filings
30 Jul 2026
10-QSEC EDGAR
Quarterly report
30 Jul 2026
8-KSEC EDGAR
Results of operations
22 Jun 2026
8-KSEC EDGAR
Director or officer change
19 May 2026
8-KSEC EDGAR
Director or officer change
30 Apr 2026
10-QSEC EDGAR
Quarterly report
30 Apr 2026
8-KSEC EDGAR
Results of operations
17 Apr 2026
8-KSEC EDGAR
Shareholder vote results; Other events
4 Mar 2026
DEF 14ASEC EDGAR
Proxy statement
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.