TTM
38.8%
YoY change
+0.70pp
Trough year (1989)
12.7%
Peak year (2016)
41.7%
Latest annual
38.8%
Gross Margin history chart for A. O. Smith (AOS) from 1985 to 2025
Latest: 38.8%
Gross Margin change chart for A. O. Smith (AOS) from 1985 to 2025
Latest: +0.70pp
Gross Margin history table for A. O. Smith (AOS) from 1985 to 2025
| 2025 | 38.8% | +0.70pp | ||
| 2024 | 38.1% | -0.40pp | ||
| 2023 | 38.5% | +3.12pp | ||
| 2022 | 35.4% | -1.62pp | ||
| 2021 | 37.0% | -1.23pp | ||
| 2020 | 38.3% | -1.18pp | ||
| 2019 | 39.5% | -1.50pp | ||
| 2018 | 41.0% | -0.38pp | ||
| 2017 | 41.3% | -0.34pp | ||
| 2016 | 41.7% | +1.86pp | ||
| 2015 | 39.8% | +3.34pp | ||
| 2014 | 36.5% | +0.55pp | ||
| 2013 | 35.9% | +2.31pp | ||
| 2012 | 33.6% | +3.65pp | ||
| 2011 | 30.0% | +0.02pp | ||
| 2010 | 29.9% | -6.47pp | ||
| 2009 | 36.4% | +14.83pp | ||
| 2008 | 21.6% | -0.62pp | ||
| 2007 | 22.2% | +0.74pp | ||
| 2006 | 21.5% | +0.63pp | ||
| 2005 | 20.8% | +2.81pp | ||
| 2004 | 18.0% | -1.49pp | ||
| 2003 | 19.5% | -0.89pp | ||
| 2002 | 20.4% | +2.83pp | ||
| 2001 | 17.6% | -2.31pp | ||
| 2000 | 19.9% | +0.55pp | ||
| 1999 | 19.3% | -4.02pp | ||
| 1998 | 23.4% | -1.82pp | ||
| 1997 | 25.2% | +3.80pp | ||
| 1996 | 21.4% | -10.66pp | ||
| 1995 | 32.0% | -0.60pp | ||
| 1994 | 32.6% | +17.68pp | ||
| 1993 | 14.9% | -2.46pp | ||
| 1992 | 17.4% | +3.22pp | ||
| 1991 | 14.2% | -2.42pp | ||
| 1990 | 16.6% | +3.91pp | ||
| 1989 | 12.7% | -0.90pp | ||
| 1988 | 13.6% | +0.81pp | ||
| 1987 | 12.8% | -2.11pp | ||
| 1986 | 14.9% | +0.06pp | ||
| 1985 | 14.8% | — |
- 202538.8%+0.70pp
- 202438.1%-0.40pp
- 202338.5%+3.12pp
- 202235.4%-1.62pp
- 202137.0%-1.23pp
- 202038.3%-1.18pp
- 201939.5%-1.50pp
- 201841.0%-0.38pp
- 201741.3%-0.34pp
- 201641.7%+1.86pp
- 201539.8%+3.34pp
- 201436.5%+0.55pp
- 201335.9%+2.31pp
- 201233.6%+3.65pp
- 201130.0%+0.02pp
- 201029.9%-6.47pp
- 200936.4%+14.83pp
- 200821.6%-0.62pp
- 200722.2%+0.74pp
- 200621.5%+0.63pp
- 200520.8%+2.81pp
- 200418.0%-1.49pp
- 200319.5%-0.89pp
- 200220.4%+2.83pp
- 200117.6%-2.31pp
- 200019.9%+0.55pp
- 199919.3%-4.02pp
- 199823.4%-1.82pp
- 199725.2%+3.80pp
- 199621.4%-10.66pp
- 199532.0%-0.60pp
- 199432.6%+17.68pp
- 199314.9%-2.46pp
- 199217.4%+3.22pp
- 199114.2%-2.42pp
- 199016.6%+3.91pp
- 198912.7%-0.90pp
- 198813.6%+0.81pp
- 198712.8%-2.11pp
- 198614.9%+0.06pp
- 198514.8%—
Gross 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 Gross Margin at A. O. Smith (AOS)
According to A. O. Smith's latest reported financial statements, the company's latest reported gross margin is 38.8%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, A. O. Smith (AOS) gross margin totalled 38.83% – expanded 0.7 percentage points year-over-year.
The highest annual gross margin of 41.67% was reported in 2016. The lowest in the available history was 12.70% in 1989.
A. O. Smith Gross Margin by Year
A. O. Smith Gross Margin 2025: 38.8%
In 2025, A. O. Smith reported gross margin of 38.83%, expanded 0.7 percentage points from 2024.
A. O. Smith Gross Margin 2024: 38.1%
A. O. Smith gross margin in 2024 was 38.14%, contracted 0.4 percentage points from 2023.
A. O. Smith Gross Margin 2023: 38.5%
2023's gross margin for A. O. Smith came in at 38.54%, expanded 3.1 percentage points from 2022.
A. O. Smith Gross Margin 2022: 35.4%
A. O. Smith posted gross margin of 35.42% in 2022, contracted 1.6 percentage points from 2021.
A. O. Smith Gross Margin 2021: 37.0%
A. O. Smith gross margin in 2021 was 37.04%.
See more financial history for A. O. Smith (AOS).
Sector peers by Gross Margin
Industrials peers of A. O. Smith (AOS), ranked by their latest gross margin
| 45.7% | |
| 36.9% | |
| 36.9% | |
| 35.1% | |
| 34.8% | |
| 32.5% | |
| 20.2% | |
| 4.8% |
- 45.7%
- 35.1%
- 34.8%
- 32.5%
- 20.2%
- 4.8%
Frequently asked questions
A. O. Smith (AOS) Key Financials
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