How does A. O. Smith (AOS) make money?

A. O. Smith (AOS) generates revenue primarily from Reportable Segments, which accounted for 100% of total revenue in TTM through Q1 2026. The company reported $3.81B in revenue and converted 13.8% of it into net profit, equivalent to roughly $528M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of A. O. Smith (AOS)?

A. O. Smith (AOS) reported a gross profit margin of 38.8% in TTM through Q1 2026, equivalent to $1.48B in gross profit on $3.81B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of A. O. Smith (AOS)?

A. O. Smith (AOS) reported an operating profit margin of 18.5% in TTM through Q1 2026, equivalent to $707M in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of A. O. Smith (AOS)?

A. O. Smith (AOS) reported a net profit margin of 13.8% in TTM through Q1 2026, equivalent to $528M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is A. O. Smith (AOS) profitable?

Yes. A. O. Smith (AOS) reported $528M in net income for TTM through Q1 2026, with a net profit margin of 13.8%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does A. O. Smith (AOS) spend on capital expenditures?

A. O. Smith (AOS) spent $60M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 1.6% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does A. O. Smith (AOS) generate?

A. O. Smith (AOS) generated $648M in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 17.0%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of A. O. Smith (AOS)?

A. O. Smith (AOS) had an effective tax rate of 23.4% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

Where does A. O. Smith (AOS) generate most of its revenue?

North America Segment is the largest geographic market for A. O. Smith (AOS), accounting for 68.9% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How A. O. Smith Makes Money: 2026 Visual Revenue Map

A. O. Smith (AOS) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 30, 2026).

A. O. Smith (AOS) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for A. O. Smith (AOS), TTM through Q1 2026
Region	Revenue (USD)	% of total
North America Segment	$2.62B	68.9%
Rest of World	$1.19B	31.1%
Total	$3.81B	100%

North America Segment
Rest of World
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, A. O. Smith (AOS) generated 68.9% of revenue from North America Segment, followed by Rest of World (31.1%).

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