TTM
20.8%
YoY change
+0.08pp
Trough year (1987)
6.2%
Peak year (2023)
21.4%
Latest annual
20.7%
EBITDA Margin history chart for A. O. Smith (AOS) from 1985 to 2025
Latest: 20.7%
EBITDA Margin change chart for A. O. Smith (AOS) from 1985 to 2025
Latest: +0.08pp
EBITDA Margin history table for A. O. Smith (AOS) from 1985 to 2025
| 2025 | 20.7% | +0.08pp | ||
| 2024 | 20.6% | -0.78pp | ||
| 2023 | 21.4% | +13.12pp | ||
| 2022 | 8.3% | -11.74pp | ||
| 2021 | 20.0% | +1.65pp | ||
| 2020 | 18.3% | -0.41pp | ||
| 2019 | 18.8% | -1.26pp | ||
| 2018 | 20.0% | -0.04pp | ||
| 2017 | 20.1% | +0.14pp | ||
| 2016 | 19.9% | +1.27pp | ||
| 2015 | 18.6% | +3.69pp | ||
| 2014 | 14.9% | +0.94pp | ||
| 2013 | 14.0% | -1.33pp | ||
| 2012 | 15.3% | +2.61pp | ||
| 2011 | 12.7% | +4.61pp | ||
| 2010 | 8.1% | -6.26pp | ||
| 2009 | 14.4% | +5.90pp | ||
| 2008 | 8.5% | +0.09pp | ||
| 2007 | 8.4% | -0.42pp | ||
| 2006 | 8.8% | +0.86pp | ||
| 2005 | 8.0% | +1.01pp | ||
| 2004 | 7.0% | -2.48pp | ||
| 2003 | 9.4% | -0.37pp | ||
| 2002 | 9.8% | +1.40pp | ||
| 2001 | 8.4% | -2.22pp | ||
| 2000 | 10.6% | -1.21pp | ||
| 1999 | 11.8% | -0.20pp | ||
| 1998 | 12.0% | +0.90pp | ||
| 1997 | 11.1% | +0.48pp | ||
| 1996 | 10.7% | +0.34pp | ||
| 1995 | 10.3% | +0.96pp | ||
| 1994 | 9.4% | -1.09pp | ||
| 1993 | 10.4% | +1.52pp | ||
| 1992 | 8.9% | +2.67pp | ||
| 1991 | 6.3% | -2.63pp | ||
| 1990 | 8.9% | +2.63pp | ||
| 1989 | 6.3% | -0.98pp | ||
| 1988 | 7.2% | +1.07pp | ||
| 1987 | 6.2% | -2.23pp | ||
| 1986 | 8.4% | +0.09pp | ||
| 1985 | 8.3% | — |
- 202520.7%+0.08pp
- 202420.6%-0.78pp
- 202321.4%+13.12pp
- 20228.3%-11.74pp
- 202120.0%+1.65pp
- 202018.3%-0.41pp
- 201918.8%-1.26pp
- 201820.0%-0.04pp
- 201720.1%+0.14pp
- 201619.9%+1.27pp
- 201518.6%+3.69pp
- 201414.9%+0.94pp
- 201314.0%-1.33pp
- 201215.3%+2.61pp
- 201112.7%+4.61pp
- 20108.1%-6.26pp
- 200914.4%+5.90pp
- 20088.5%+0.09pp
- 20078.4%-0.42pp
- 20068.8%+0.86pp
- 20058.0%+1.01pp
- 20047.0%-2.48pp
- 20039.4%-0.37pp
- 20029.8%+1.40pp
- 20018.4%-2.22pp
- 200010.6%-1.21pp
- 199911.8%-0.20pp
- 199812.0%+0.90pp
- 199711.1%+0.48pp
- 199610.7%+0.34pp
- 199510.3%+0.96pp
- 19949.4%-1.09pp
- 199310.4%+1.52pp
- 19928.9%+2.67pp
- 19916.3%-2.63pp
- 19908.9%+2.63pp
- 19896.3%-0.98pp
- 19887.2%+1.07pp
- 19876.2%-2.23pp
- 19868.4%+0.09pp
- 19858.3%—
EBITDA Margin values are taken from A. O. Smith's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About EBITDA Margin at A. O. Smith (AOS)
According to A. O. Smith's latest reported financial statements, the company's latest reported EBITDA margin is 20.8%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, A. O. Smith (AOS) reported EBITDA margin of 20.68% – expanded 0.1 percentage points year-over-year.
The record annual EBITDA margin stands at 21.38%, reached in 2023; the historical low of 6.17% was recorded in 1987.
A. O. Smith EBITDA Margin by Year
A. O. Smith EBITDA Margin 2025: 20.7%
A. O. Smith posted EBITDA margin of 20.68% in 2025, expanded 0.1 percentage points from 2024.
A. O. Smith EBITDA Margin 2024: 20.6%
In 2024, A. O. Smith reported EBITDA margin of 20.60%, contracted 0.8 percentage points from 2023.
A. O. Smith EBITDA Margin 2023: 21.4%
A. O. Smith EBITDA margin in 2023 was 21.38%, expanded 13.1 percentage points from 2022. This figure represents the highest annual value in the available history.
A. O. Smith EBITDA Margin 2022: 8.3%
2022's EBITDA margin for A. O. Smith came in at 8.26%, contracted 11.7 percentage points from 2021.
A. O. Smith EBITDA Margin 2021: 20.0%
A. O. Smith EBITDA margin in 2021 was 20.00%.
See more financial history for A. O. Smith (AOS).
Sector peers by EBITDA Margin
Industrials peers of A. O. Smith (AOS), ranked by their latest EBITDA margin
| 52.5% | |
| 22.8% | |
| 22.5% | |
| 21.6% | |
| 20.7% | |
| 17.8% | |
| 17.1% | |
| 7.9% |
- 52.5%
- 22.8%
- 22.5%
- 21.6%
- 17.1%
- 7.9%
Frequently asked questions
A. O. Smith (AOS) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation