A. O. Smith Corporation (AOS) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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AOS Revenue Growth
Revenue Breakdown (FY 2025)
AOS's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
AOS Revenue Analysis (2014–2025)
As of May 8, 2026, A. O. Smith Corporation (AOS) generated trailing twelve-month (TTM) revenue of $3.81 billion, reflecting slight decline in growth of -1.9% year-over-year. The most recent quarter (Q1 2026) recorded $945.6 million in revenue, up 3.6% sequentially.
Looking at the longer-term picture, AOS's 5-year compound annual growth rate (CAGR) stands at +5.8%, indicating steady revenue expansion. The company achieved its highest annual revenue of $3.85 billion in 2023.
Revenue diversification analysis shows AOS's business is primarily driven by Reportable Segments (100%). With over half of revenue concentrated in Reportable Segments, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including LII (-2.0% YoY), WSO (-4.5% YoY), and AAON (+28.3% YoY), AOS has underperformed the peer group in terms of revenue growth. Compare AOS vs LII →
AOS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| AOSCurrent | $3.8B | -1.9% | +5.8% | 19.0% | |
 LII | $5.2B | -2.0% | +7.4% | 19.5% | |
 WSO | $7.2B | -4.5% | +7.4% | 9.6% | |
 AAON | $1.4B | +28.3% | +22.9% | 10.1% | |
 MWA | $1.4B | +6.6% | +8.2% | 18.2% | |
 WTS | $2.4B | +14.2% | +10.1% | 19.3% |
AOS Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.83B | +0.3% | $1.49B | 38.8% | $728.0M | 19.0% |
| 2024 | $3.82B | -0.9% | $1.46B | 38.1% | $716.8M | 18.8% |
| 2023 | $3.85B | +2.6% | $1.48B | 38.5% | $757.4M | 19.7% |
| 2022 | $3.75B | +6.1% | $1.33B | 35.4% | $658.7M | 17.5% |
| 2021 | $3.54B | +22.2% | $1.31B | 37.0% | $609.5M | 17.2% |
| 2020 | $2.90B | -3.3% | $1.11B | 38.3% | $446.2M | 15.4% |
| 2019 | $2.99B | -6.1% | $1.18B | 39.5% | $466.8M | 15.6% |
| 2018 | $3.19B | +6.4% | $1.31B | 41.0% | $551.7M | 17.3% |
| 2017 | $3.00B | +11.6% | $1.24B | 41.3% | $520.5M | 17.4% |
| 2016 | $2.69B | +5.9% | $1.12B | 41.7% | $460.4M | 17.1% |
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Start ComparisonAOS — Frequently Asked Questions
Quick answers to the most common questions about buying AOS stock.
Is AOS's revenue growth accelerating or slowing?
AOS revenue growth slowed to -1.9%, below the 5-year CAGR of +5.8%. TTM revenue is $3.8B. The deceleration marks a shift from historical growth rates.
What is AOS's long-term revenue growth rate?
A. O. Smith Corporation's 5-year revenue CAGR of +5.8% reflects the variable expansion pattern. Current YoY growth of -1.9% is near this long-term average.
How is AOS's revenue distributed by segment?
AOS reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.