Last 48 quarters of trend data · Industrials · Industrial - Machinery
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 15.99 | 19.39 | 18.58 | 19.52 | 15.32 | 17.20 | 22.74 | 27.39 | 19.29 | 22.36 | 22.40 | 18.37 | 17.50 | 20.58 | — | 17.35 | 17.09 | 21.02 | 24.67 | 18.62 | 24.68 |
| — | +12.8% | -18.3% | -28.7% | -20.6% | -23.1% | +1.5% | +49.1% | +10.2% | +8.7% | — | +5.9% | +2.4% | -2.1% | — | -6.8% | -30.8% | -25.4% | +33.2% | -8.3% | -12.0% | |
| P/S Ratio | 2.25 | 2.43 | 2.56 | 2.73 | 2.33 | 2.45 | 2.72 | 3.65 | 2.95 | 3.39 | 3.12 | 2.67 | 2.87 | 2.72 | 2.34 | 2.19 | 2.23 | 2.59 | 3.45 | 2.68 | 3.39 |
| — | -0.9% | -5.9% | -25.1% | -21.1% | -27.8% | -12.6% | +36.9% | +2.7% | +24.7% | +33.1% | +21.7% | +28.5% | +5.1% | -32.2% | -18.3% | -34.1% | -27.7% | +29.1% | -5.0% | +17.8% | |
| P/B Ratio | 4.65 | 4.25 | 5.04 | 5.59 | 5.10 | 5.09 | 5.28 | 6.88 | 6.31 | 7.05 | 6.68 | 5.31 | 5.84 | 5.87 | 5.02 | 4.38 | 4.81 | 5.59 | 7.51 | 5.17 | 6.42 |
| — | -16.4% | -4.6% | -18.7% | -19.3% | -27.8% | -21.0% | +29.4% | +8.1% | +20.2% | +33.2% | +21.2% | +21.3% | +4.9% | -33.2% | -15.3% | -25.0% | -6.1% | +55.4% | +5.3% | +39.2% | |
| P/FCF | 15.79 | 19.29 | 14.14 | 10.71 | 19.19 | 135.61 | 12.99 | 20.16 | 87.47 | 39.20 | 15.29 | 15.60 | 21.75 | 24.05 | 13.93 | 13.67 | 107.31 | 702.43 | 14.66 | 14.76 | 37.35 |
| — | -85.8% | +8.8% | -46.9% | -78.1% | +245.9% | -15.0% | +29.3% | +302.2% | +63.0% | +9.8% | +14.1% | -79.7% | -96.6% | -5.0% | -7.4% | +187.3% | +2128.7% | +39.0% | -4.2% | +121.3% | |
| EV / EBITDA | 10.93 | 12.99 | 12.60 | 13.16 | 10.56 | 11.75 | 14.14 | 18.10 | 13.28 | 15.51 | 14.76 | 12.30 | 12.18 | 12.69 | 11.05 | 11.35 | 11.61 | 13.77 | 17.23 | 13.02 | 16.91 |
| — | +10.6% | -10.9% | -27.3% | -20.5% | -24.3% | -4.2% | +47.1% | +9.0% | +22.2% | +33.5% | +8.4% | +5.0% | -7.8% | -35.9% | -12.8% | -31.4% | -26.2% | +39.6% | -1.4% | +0.3% | |
| EV / EBIT | 11.87 | 14.91 | 14.31 | 14.79 | 11.59 | 12.99 | 17.92 | 20.72 | 14.42 | 16.99 | 17.04 | 13.81 | 12.75 | 14.92 | — | 12.94 | 12.83 | 15.86 | 18.46 | 14.13 | 18.64 |
| — | +14.8% | -20.1% | -28.6% | -19.6% | -23.5% | +5.1% | +50.1% | +13.1% | +13.8% | — | +6.7% | -0.6% | -5.9% | — | -8.5% | -31.2% | -23.7% | +32.8% | -6.1% | -11.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.8% | 38.7% | 38.4% | 38.7% | 39.3% | 38.9% | 37.1% | 37.4% | 38.6% | 39.2% | 37.4% | 38.0% | 40.0% | 38.7% | 37.0% | 34.9% | 34.5% | 34.9% | 36.2% | 37.2% | 37.4% |
| — | -0.7% | +3.6% | +3.5% | +1.8% | -0.8% | -1.0% | -1.6% | -3.6% | +1.4% | +1.2% | +8.9% | +15.9% | +10.8% | +2.1% | -6.2% | -7.6% | -6.9% | -6.7% | -4.8% | +0.3% | |
| Operating Margin | 19.0% | 17.1% | 18.0% | 18.6% | 20.3% | 19.0% | 17.1% | 17.8% | 20.2% | 19.7% | 18.7% | 19.3% | 21.3% | 19.3% | 19.0% | 17.1% | 17.3% | 16.5% | 17.7% | 17.8% | 17.2% |
| — | -9.8% | +4.9% | +4.6% | +0.8% | -3.6% | -8.5% | -7.9% | -5.1% | +1.7% | -1.3% | +13.1% | +23.0% | +16.9% | +6.9% | -3.9% | +0.2% | +4.2% | -3.3% | -1.8% | +25.0% | |
| Net Margin | 14.3% | 12.5% | 13.7% | 14.0% | 15.0% | 14.2% | 12.0% | 13.3% | 15.2% | 15.1% | 13.9% | 14.4% | 16.3% | 13.1% | -12.8% | 12.6% | 13.1% | 12.3% | 14.0% | 14.4% | 13.7% |
| — | -11.9% | +14.3% | +5.3% | -1.3% | -6.0% | -13.5% | -7.9% | -6.7% | +14.8% | +208.3% | +15.0% | +25.1% | +7.2% | -191.5% | -12.7% | -5.0% | -3.6% | -2.5% | +3.8% | +34.6% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 29.2% | 5.9% | 6.8% | 7.2% | 8.2% | 7.3% | 5.8% | 6.3% | 8.2% | 7.9% | 7.4% | 7.2% | 8.5% | 7.2% | -6.9% | 6.2% | 7.0% | 6.6% | 7.5% | 7.1% | 6.4% |
| — | -19.6% | +17.3% | +14.0% | -0.1% | -7.8% | -21.6% | -12.6% | -3.5% | +10.4% | +207.2% | +15.8% | +21.8% | +9.0% | -191.8% | -12.5% | +8.7% | +24.5% | +12.2% | +14.5% | +55.7% | |
| ROA | 17.1% | 3.5% | 4.0% | 4.1% | 4.7% | 4.2% | 3.4% | 3.8% | 4.9% | 4.6% | 4.3% | 4.2% | 4.8% | 3.8% | -3.7% | 3.4% | 3.7% | 3.5% | 4.1% | 4.1% | 3.8% |
| — | -17.2% | +15.8% | +8.8% | -4.6% | -9.0% | -19.9% | -9.9% | +2.7% | +21.3% | +217.0% | +25.3% | +27.6% | +9.7% | -188.8% | -18.0% | -1.3% | +11.2% | +5.3% | +15.5% | +66.5% | |
| ROIC | 29.2% | 5.4% | 6.5% | 6.7% | 7.8% | 7.1% | 6.3% | 6.5% | 8.5% | 8.4% | 8.1% | 7.8% | 8.8% | 8.1% | 7.8% | 6.5% | 7.2% | 7.3% | 8.4% | 8.0% | 7.6% |
| — | -24.6% | +2.5% | +3.4% | -8.9% | -15.0% | -22.0% | -16.2% | -2.9% | +4.1% | +4.4% | +19.8% | +21.9% | +10.8% | -7.3% | -18.6% | -5.3% | +12.8% | +7.9% | +18.3% | +72.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.10 | 0.30 | 0.10 | 0.12 | 0.18 | 0.16 | 0.12 | 0.07 | 0.09 | 0.08 | 0.08 | 0.08 | 0.12 | 0.20 | 0.21 | 0.18 | 0.18 | 0.18 | 0.12 | 0.07 | 0.08 |
| — | +91.4% | -10.1% | +60.7% | +108.0% | +104.8% | +36.7% | -9.6% | -29.7% | -62.0% | -59.9% | -53.6% | -31.5% | +15.5% | +75.6% | +145.1% | +132.1% | +130.0% | +49.7% | -20.6% | -59.8% | |
| Debt / EBITDA | 0.24 | 3.54 | 1.03 | 1.12 | 1.47 | 1.45 | 1.24 | 0.79 | 0.73 | 0.69 | 0.75 | 0.78 | 1.04 | 1.78 | 1.85 | 1.86 | 1.74 | 1.76 | 1.12 | 0.76 | 0.84 |
| — | +143.9% | -16.4% | +41.9% | +100.8% | +110.4% | +63.7% | +2.0% | -29.8% | -61.2% | -59.3% | -58.2% | -40.2% | +1.0% | +66.3% | +144.8% | +107.8% | +75.0% | +30.2% | -24.9% | -70.7% | |
| Current Ratio | 1.50 | 1.56 | 1.50 | 1.54 | 1.65 | 1.61 | 1.55 | 1.67 | 1.70 | 1.65 | 1.59 | 1.68 | 1.81 | 1.84 | 1.75 | 1.74 | 1.76 | 1.72 | 1.57 | 1.77 | 1.75 |
| — | -3.3% | -3.5% | -7.7% | -3.0% | -2.6% | -2.2% | -0.4% | -6.4% | -9.9% | -9.2% | -3.6% | +3.2% | +6.8% | +11.6% | -1.5% | +0.5% | -7.8% | -14.2% | -0.3% | -11.0% | |
| Quick Ratio | 0.94 | 1.00 | 0.94 | 0.95 | 1.03 | 1.01 | 0.96 | 1.02 | 1.07 | 1.06 | 1.06 | 1.10 | 1.22 | 1.27 | 1.20 | 1.16 | 1.23 | 1.23 | 1.17 | 1.40 | 1.38 |
| — | -0.6% | -1.8% | -6.6% | -4.0% | -5.2% | -9.6% | -7.7% | -12.2% | -16.5% | -11.3% | -5.0% | -0.2% | +3.5% | +2.5% | -17.5% | -11.4% | -17.4% | -21.6% | +0.4% | -10.6% | |
| Interest Coverage | 54.03 | 22.79 | 68.25 | 48.72 | 44.83 | 63.45 | 57.67 | 105.40 | 115.78 | 193.70 | 161.82 | 74.50 | 47.42 | 43.83 | -70.44 | 61.29 | 79.71 | 105.40 | 130.86 | 167.40 | 169.11 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying AOS stock.
A. O. Smith Corporation's current P/E is 16.0x. The average P/E over the last 4 quarters is 18.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
A. O. Smith Corporation's current operating margin is 19.0%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking A. O. Smith Corporation's business trajectory between earnings reports.