A.O. Smith (AOS)
Market Price (2/3/2026): $74.71 | Market Cap: $10.5 BilSector: Industrials | Industry: Building Products
A.O. Smith (AOS)
Market Price (2/3/2026): $74.71Market Cap: $10.5 BilSector: IndustrialsIndustry: Building Products
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.9%, FCF Yield is 5.5% | Trading close to highsDist 52W High is 0.0% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.6%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.2% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15% | Weak multi-year price returns2Y Excs Rtn is -46%, 3Y Excs Rtn is -37% | Key risksAOS key risks include [1] challenges in the Chinese market due to weak consumer demand and [2] a softening residential market in North America. |
| Low stock price volatilityVol 12M is 25% | ||
| Megatrend and thematic driversMegatrends include Electrification of Everything, Water Infrastructure, and Sustainable Resource Management. Themes include Heat Pump Technology, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.9%, FCF Yield is 5.5% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15% |
| Low stock price volatilityVol 12M is 25% |
| Megatrend and thematic driversMegatrends include Electrification of Everything, Water Infrastructure, and Sustainable Resource Management. Themes include Heat Pump Technology, Show more. |
| Trading close to highsDist 52W High is 0.0% |
| Weak multi-year price returns2Y Excs Rtn is -46%, 3Y Excs Rtn is -37% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.6%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.2% |
| Key risksAOS key risks include [1] challenges in the Chinese market due to weak consumer demand and [2] a softening residential market in North America. |
Qualitative Assessment
AI Analysis | Feedback
A.O. Smith (AOS) stock has gained about 15% since 10/31/2025 because of the following key factors:
1. Strong Fourth Quarter 2025 Earnings Surpassing Expectations.
A.O. Smith reported a GAAP profit of $0.90 per share for the fourth quarter of 2025, exceeding analyst estimates by 6.4%. The company also saw a 20% year-over-year increase in diluted earnings per share (EPS) to $0.90 for Q4 2025, contributing to a record diluted EPS of $3.85 for the full year 2025, a 6% increase from the previous year.
2. Sustained Profitability and Margin Expansion Across Segments.
The company demonstrated improved operational efficiency, with its North America segment margin growing by 20 basis points to 24.4% in 2025, driven by enhanced profitability in its water treatment business and higher commercial sales. Furthermore, the Rest of World segment expanded its margin by 40 basis points to 8.7% in 2025, a result of successful restructuring actions and cost-saving initiatives despite challenging market conditions in China.
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1. Strong Fourth Quarter 2025 Earnings Surpassing Expectations.
A.O. Smith reported a GAAP profit of $0.90 per share for the fourth quarter of 2025, exceeding analyst estimates by 6.4%. The company also saw a 20% year-over-year increase in diluted earnings per share (EPS) to $0.90 for Q4 2025, contributing to a record diluted EPS of $3.85 for the full year 2025, a 6% increase from the previous year.
2. Sustained Profitability and Margin Expansion Across Segments.
The company demonstrated improved operational efficiency, with its North America segment margin growing by 20 basis points to 24.4% in 2025, driven by enhanced profitability in its water treatment business and higher commercial sales. Furthermore, the Rest of World segment expanded its margin by 40 basis points to 8.7% in 2025, a result of successful restructuring actions and cost-saving initiatives despite challenging market conditions in China.
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Stock Movement Drivers
Fundamental Drivers
The 13.8% change in AOS stock from 10/31/2025 to 2/2/2026 was primarily driven by a 13.8% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2022026 | Change |
|---|---|---|---|
| Stock Price ($) | 65.67 | 74.71 | 13.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,830 | 3,830 | 0.0% |
| Net Income Margin (%) | 13.9% | 13.9% | 0.0% |
| P/E Multiple | 17.3 | 19.7 | 13.8% |
| Shares Outstanding (Mil) | 140 | 140 | 0.0% |
| Cumulative Contribution | 13.8% |
Market Drivers
10/31/2025 to 2/2/2026| Return | Correlation | |
|---|---|---|
| AOS | 13.8% | |
| Market (SPY) | 2.0% | 31.9% |
| Sector (XLI) | 8.0% | 60.7% |
Fundamental Drivers
The 6.6% change in AOS stock from 7/31/2025 to 2/2/2026 was primarily driven by a 3.0% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 2022026 | Change |
|---|---|---|---|
| Stock Price ($) | 70.06 | 74.71 | 6.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,790 | 3,830 | 1.1% |
| Net Income Margin (%) | 13.7% | 13.9% | 1.2% |
| P/E Multiple | 19.1 | 19.7 | 3.0% |
| Shares Outstanding (Mil) | 142 | 140 | 1.2% |
| Cumulative Contribution | 6.6% |
Market Drivers
7/31/2025 to 2/2/2026| Return | Correlation | |
|---|---|---|
| AOS | 6.6% | |
| Market (SPY) | 10.3% | 33.5% |
| Sector (XLI) | 10.7% | 62.6% |
Fundamental Drivers
The 13.3% change in AOS stock from 1/31/2025 to 2/2/2026 was primarily driven by a 15.2% change in the company's P/E Multiple.| (LTM values as of) | 1312025 | 2022026 | Change |
|---|---|---|---|
| Stock Price ($) | 65.95 | 74.71 | 13.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,894 | 3,830 | -1.6% |
| Net Income Margin (%) | 14.4% | 13.9% | -3.9% |
| P/E Multiple | 17.1 | 19.7 | 15.2% |
| Shares Outstanding (Mil) | 146 | 140 | 4.0% |
| Cumulative Contribution | 13.3% |
Market Drivers
1/31/2025 to 2/2/2026| Return | Correlation | |
|---|---|---|
| AOS | 13.3% | |
| Market (SPY) | 16.6% | 45.3% |
| Sector (XLI) | 22.3% | 59.6% |
Fundamental Drivers
The 16.5% change in AOS stock from 1/31/2023 to 2/2/2026 was primarily driven by a 10.2% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 1312023 | 2022026 | Change |
|---|---|---|---|
| Stock Price ($) | 64.10 | 74.71 | 16.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,813 | 3,830 | 0.4% |
| Net Income Margin (%) | 13.0% | 13.9% | 6.6% |
| P/E Multiple | 20.0 | 19.7 | -1.2% |
| Shares Outstanding (Mil) | 154 | 140 | 10.2% |
| Cumulative Contribution | 16.5% |
Market Drivers
1/31/2023 to 2/2/2026| Return | Correlation | |
|---|---|---|
| AOS | 16.5% | |
| Market (SPY) | 77.5% | 44.0% |
| Sector (XLI) | 71.6% | 60.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AOS Return | 59% | -32% | 47% | -16% | 0% | 10% | 47% |
| Peers Return | 35% | -22% | 50% | 19% | 6% | 4% | 108% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| AOS Win Rate | 75% | 33% | 58% | 42% | 50% | 50% | |
| Peers Win Rate | 72% | 33% | 60% | 58% | 57% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| AOS Max Drawdown | -3% | -43% | 0% | -16% | -12% | 0% | |
| Peers Max Drawdown | -6% | -40% | -5% | -7% | -20% | -1% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: WTS, XYL, PNR, IR, LII. See AOS Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/2/2026 (YTD)
How Low Can It Go
| Event | AOS | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -43.4% | -25.4% |
| % Gain to Breakeven | 76.7% | 34.1% |
| Time to Breakeven | 524 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -28.4% | -33.9% |
| % Gain to Breakeven | 39.7% | 51.3% |
| Time to Breakeven | 75 days | 148 days |
| 2018 Correction | ||
| % Loss | -40.3% | -19.8% |
| % Gain to Breakeven | 67.5% | 24.7% |
| Time to Breakeven | 665 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -58.4% | -56.8% |
| % Gain to Breakeven | 140.3% | 131.3% |
| Time to Breakeven | 379 days | 1,480 days |
Compare to WTS, XYL, PNR, IR, LII
In The Past
A.O. Smith's stock fell -43.4% during the 2022 Inflation Shock from a high on 12/31/2021. A -43.4% loss requires a 76.7% gain to breakeven.
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About A.O. Smith (AOS)
A. O. Smith Corporation manufactures and markets residential and commercial gas, heat pump and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; commercial boilers for hospitals, schools, hotels, and other large commercial buildings, as well as residential boilers for homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, on-the-go filtration bottles, point-of-use carbon, and reverse osmosis products for residences, restaurants, hotels, and offices. It also provides food and beverage filtration products; expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, and related products and parts; and heat pumps, electric wall-hung, gas tankless, combi-boiler, heat pump and solar water heaters. The company offers its products primarily under the A. O. Smith, State, Lochinvar, and water softener brands. It distributes its products through independent wholesale plumbing distributors, as well as through retail channels consisting of hardware and home center chains, and manufacturer representative firms; and offers Aquasana branded products directly to consumers through e-commerce, as well as other online retailers. A. O. Smith Corporation was founded in 1874 and is headquartered in Milwaukee, Wisconsin.
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- A.O. Smith is like the **Carrier or Trane of hot water and water treatment systems.**
- Think of it as the **Whirlpool or GE Appliances, but specifically dedicated to ensuring you have hot water and clean water** throughout your home or business.
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- Water Heaters: A.O. Smith manufactures a wide range of residential and commercial water heating equipment, including tank-style, tankless, and heat pump models.
- Water Treatment Products: The company provides various water purification and softening solutions, such as water filters, water softeners, and reverse osmosis systems for home and light commercial applications.
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A.O. Smith (AOS) primarily sells its water heaters and boilers to other companies through wholesale distribution channels and major retail chains. While no single customer accounts for 10% or more of its total consolidated net sales, the major categories of its direct business-to-business (B2B) customers include:
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Wholesale Distributors: These companies purchase A.O. Smith products in bulk and distribute them to plumbing contractors, builders, and other professional installers. Examples of prominent companies in this sector that are highly likely to be A.O. Smith customers include:
- Ferguson plc (NYSE: FERG)
- Winsupply Inc. (private)
- Hajoca Corporation (private)
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National Retail Hardware and Home Center Chains: These large retailers sell A.O. Smith water heaters directly to consumers and professional contractors. Prominent examples that are highly likely to be A.O. Smith customers include:
- The Home Depot, Inc. (NYSE: HD)
- Lowe's Companies, Inc. (NYSE: LOW)
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Stephen M. Shafer President and Chief Executive Officer Mr. Shafer will assume the role of President and Chief Executive Officer of A. O. Smith effective July 1, 2025. He joined A. O. Smith as President and Chief Operating Officer in March 2024 to lead the company's global business units, operations, supply chain, corporate technology, and information technology. Prior to joining A. O. Smith, Mr. Shafer served as President of the Automotive and Aerospace Solutions division at 3M Company. Kevin J. Wheeler Executive Chairman Mr. Wheeler will transition from Chairman and Chief Executive Officer to Executive Chairman of A. O. Smith effective July 1, 2025, continuing to lead the Board of Directors and remaining involved in strategic development, mergers and acquisitions, investor relations, and executive talent development. He joined A. O. Smith in 1994 and has held various leadership positions, including Managing Director of A. O. Smith Water Products Company B.V. in Europe and the Middle East, Vice President-International, and President of the North America, India and Europe water heating business. Mr. Wheeler began his career in 1984 at Hoyt Water Heater Company and also held sales management positions at Bradford White Corporation and American Water Heater Company. He is a director of Graco Inc. Charles T. Lauber Executive Vice President and Chief Financial Officer Mr. Lauber was named Executive Vice President and Chief Financial Officer in May 2019, overseeing all financial functions of the company, including treasury, controllership, cash management, and investor relations. He joined A. O. Smith in December 1999 as corporate director of tax and audit and has since held significant leadership roles in corporate and business unit finance and accounting, and as Senior Vice President of Corporate Development and Strategy. Before joining A. O. Smith, Mr. Lauber held auditing and management positions with Ernst & Young from 1984 to 1999. He serves on the board of directors of the National Association of Manufacturers (NAM) and H.B. Fuller. James F. Stern Executive Vice President, Corporate Development, Strategy and Secretary Mr. Stern was named Executive Vice President, Corporate Development, Strategy and Secretary in October 2025, focusing on corporate development and strategy, while also maintaining responsibility for government, industry, and regulatory affairs, and his role as secretary. He joined A. O. Smith in 2007 as Executive Vice President, General Counsel and Secretary, after 15 years as a partner at Foley & Lardner LLP, specializing in mergers and acquisitions and corporate practice. He also served as an associate at Latham & Watkins LLP. Mr. Stern currently serves on the board of directors of Badger Meter, Inc., and previously served on the boards of Jason Industries, Inc. and Polar Ware Company. D. Samuel Karge Senior Vice President and President - North America Water Treatment Mr. Karge is Senior Vice President and President - North America Water Treatment. He has an extensive background in the water treatment industry, with experience in marketing, sales, and management roles at companies including Zurn Industries, LLC, Pentair Water Quality Systems, GE Water & Process Technologies, and Osmonics, Inc., prior to his roles at A. O. Smith Corporation.AI Analysis | Feedback
The key risks to A.O. Smith's business include challenges in the Chinese market, volatile raw material costs and inflationary pressures, and a softening residential market in North America.
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Weak Chinese Economy and Consumer Demand: A significant portion of A.O. Smith's "Rest of World" segment is heavily impacted by the ongoing economic headwinds, weak consumer confidence, and the cessation of government stimulus programs in China. This has led to downward revisions in the company's China sales outlook and negatively affects consolidated sales projections.
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Volatile Raw Material Costs and Inflationary Pressures: A.O. Smith faces risks from escalating costs of sales, particularly due to volatile raw material input costs, most notably steel, as well as higher logistic costs and labor shortages. These factors can lead to significant short-term margin compression and affect the company's profitability.
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Softening U.S. Residential Market: The company is exposed to potential volatility if the North American water heater market experiences a slowdown. Reports indicate a softening in the wholesale residential water heater market and inventory fluctuations in the U.S., which can negatively impact demand for A.O. Smith's products in this key region.
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The rapid acceleration of electrification and decarbonization policies and incentives, particularly favoring high-efficiency electric heat pump water heaters (HPWHs) over traditional natural gas models. This trend, driven by governmental mandates, rebates (e.g., from the Inflation Reduction Act in the US), and environmental concerns, poses a clear emerging threat to A.O. Smith's substantial legacy market share and installed base of gas-fired water heaters. While A.O. Smith offers HPWHs, the swift transition requires significant investment in retooling manufacturing, adapting supply chains, and shifting market focus, potentially creating opportunities for more agile or specialized competitors to gain ground in this evolving segment or placing pressure on margins for their established gas product lines.
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A.O. Smith (NYSE: AOS) operates in the markets for water heaters, boilers, and water treatment and purification products. The addressable market sizes for their main products or services are as follows:
Water Heaters
- The global water heater market was valued at approximately USD 33.7 billion in 2024 and is projected to reach USD 57.5 billion by 2034, with a compound annual growth rate (CAGR) of 5.6%. Other estimates for the global water heater market size include USD 30.48 billion in 2024, expected to grow to USD 46.33 billion by 2033 with a CAGR of 4.8%, and USD 36.1 billion in 2024, forecasted to reach USD 92 billion by 2034 at a CAGR of 9.8%. Additionally, another report valued the global market at $23.7 billion in 2023, expecting it to reach $32.1 billion by 2029 with a CAGR of 5.2%.
- The U.S. water heater market is anticipated to exceed USD 5 billion by 2034.
Boilers
- The global boiler market was valued at USD 100.3 billion in 2024 and is projected to grow at a 7% CAGR from 2025 to 2034.
- The global industrial boiler market size was estimated at USD 16.55 billion in 2024 and is projected to reach USD 22.71 billion by 2033, growing at a CAGR of 3.6%.
- The global commercial boiler market size was valued at USD 4.34 billion in 2023 and is projected to grow to USD 6.93 billion by 2032, exhibiting a CAGR of 5.41%.
- The U.S. boiler market is anticipated to exceed USD 10 billion by 2034.
- One report indicated the global boiler market size was valued at USD 14.32 million in 2025 and is expected to reach USD 19.84 million by 2033.
Water Treatment and Purification Products
- The global water and wastewater treatment market size was valued at USD 323.32 billion in 2023 and is projected to grow to USD 617.81 billion by 2032, exhibiting a CAGR of 7.5%.
- The global water treatment market size was valued at USD 221.56 billion in 2023 and is predicted to reach USD 387.36 billion by 2030 with a CAGR of 8.2%.
- The global water and wastewater treatment equipment market size was estimated at USD 68.12 billion in 2024 and is projected to reach USD 90.02 billion by 2030, growing at a CAGR of 4.9%.
- The global water treatment system market size was valued at USD 4.65 billion in 2024 and is projected to reach USD 8.68 billion by 2032, with a CAGR of 8.10%.
- The North America water treatment addressable market is estimated to be approximately $2.6 billion.
- The U.S. water and wastewater treatment market is projected to grow significantly, reaching an estimated value of USD 314.96 billion by 2032.
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A.O. Smith (NYSE: AOS) is expected to drive future revenue growth over the next 2-3 years through several key strategies:- Growth in High-Efficiency Commercial Boilers and Water Heaters: A significant driver of revenue is anticipated to come from the continued increase in sales of high-efficiency commercial boilers and water heaters, particularly within the North America segment. The company's Q2 2025 earnings reported a 6% increase in North America boiler sales, driven by high-efficiency commercial volume growth, and highlighted growth in high-efficiency water heaters as a factor in improved operating margin. This focus aligns with the broader market trend towards energy-efficient solutions and is considered a short-term catalyst for the company.
- Expansion in Water Treatment and Emerging Markets (especially India): A.O. Smith is strategically expanding its water treatment business, with a focus on priority channels. The acquisition of PUREIT is a notable example, which contributed $16 million to sales in Q2 2025 and is expected to propel global water purification leadership. The legacy India business has demonstrated strong growth, with sales increasing 19% in local currency in Q2 2025, indicating significant potential in this emerging market. The company aims to capitalize on brand awareness and attractive growth opportunities in such markets.
- Strategic Acquisitions and Partnerships: A.O. Smith has clearly articulated a strategy that includes strategic acquisitions and partnerships to accelerate growth and expand its global footprint. Management has reaffirmed its active search for acquisitions that align with its strategic goals and can expand its core business or develop new growth platforms. The PUREIT acquisition serves as a recent example of this inorganic growth strategy.
- Product Innovation and Energy-Efficient Solutions: The company emphasizes innovation and the development of energy-efficient solutions to drive technology and meet sustainability needs. A.O. Smith's ongoing commitment to a shift toward high-efficiency, smart products is seen as a key catalyst for future performance. This focus is evident in its North American segment, where pricing actions and higher commercial water heater volumes have contributed to growth.
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Share Repurchases
- A.O. Smith repurchased approximately 3.8 million shares for $251.3 million in the first six months of 2025. The company expects to spend approximately $400 million on share repurchases in total for 2025.
- In January 2025, the board of directors increased the number of shares authorized for repurchase by an additional 5 million shares. As of September 30, 2025, approximately 1.8 million shares remained under the existing repurchase authority.
- In 2024, the company repurchased 3.8 million shares at a total cost of $305.8 million.
Share Issuance
- Total stock-based compensation expense was $11.1 million in 2022, $11.9 million in 2021, and $12.7 million in 2020.
- The A.O. Smith Combined Incentive Compensation Plan was reapproved by stockholders on April 15, 2020, which authorized an additional 2.4 million shares for granting of options or share units.
- Shares issued upon stock option exercise or share unit vesting are sourced from treasury stock.
Outbound Investments
- In March 2024, A.O. Smith acquired Impact Water Products, a company specializing in water quality improvement systems, components, and services.
- In November 2024, the company finalized the acquisition of Pureit, the water purification business of Hindustan Unilever, for approximately ₹600 crore. This acquisition is expected to contribute around $50 million in sales in 2025.
- A.O. Smith acquired Giant Factories, Inc., a Canada-based manufacturer of residential and commercial water heaters, in late 2021.
Capital Expenditures
- Capital expenditures are projected to be between $90 million and $100 million for 2025.
- The primary focus of these expenditures includes investments in engineering capabilities, preparation for regulatory changes, and expanding manufacturing capacity, such as a new gas tankless water heater facility in Juárez, Mexico.
- Capital expenditures were $108 million in 2024 and $72.6 million in 2023.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 122.69 |
| Mkt Cap | 17.3 |
| Rev LTM | 4,737 |
| Op Inc LTM | 963 |
| FCF LTM | 677 |
| FCF 3Y Avg | 609 |
| CFO LTM | 767 |
| CFO 3Y Avg | 735 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.0% |
| Rev Chg 3Y Avg | 5.9% |
| Rev Chg Q | 4.7% |
| QoQ Delta Rev Chg LTM | 1.2% |
| Op Mgn LTM | 19.4% |
| Op Mgn 3Y Avg | 18.5% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 16.8% |
| CFO/Rev 3Y Avg | 16.1% |
| FCF/Rev LTM | 14.8% |
| FCF/Rev 3Y Avg | 14.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 17.3 |
| P/S | 4.0 |
| P/EBIT | 22.3 |
| P/E | 29.0 |
| P/CFO | 25.4 |
| Total Yield | 4.3% |
| Dividend Yield | 0.8% |
| FCF Yield 3Y Avg | 3.9% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 5.8% |
| 3M Rtn | 6.6% |
| 6M Rtn | 5.5% |
| 12M Rtn | 8.0% |
| 3Y Rtn | 69.0% |
| 1M Excs Rtn | 4.8% |
| 3M Excs Rtn | 3.9% |
| 6M Excs Rtn | -5.6% |
| 12M Excs Rtn | -6.5% |
| 3Y Excs Rtn | 8.1% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $74.71 | |
| Market Cap ($ Bil) | 10.5 | |
| First Trading Date | 09/07/1984 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $68.39 | $68.01 |
| DMA Trend | up | up |
| Distance from DMA | 9.2% | 9.9% |
| 3M | 1YR | |
| Volatility | 24.0% | 25.2% |
| Downside Capture | 42.20 | 75.63 |
| Upside Capture | 115.01 | 76.40 |
| Correlation (SPY) | 31.3% | 45.2% |
AOS Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.90 | 0.82 | 0.66 | 0.68 | 0.59 | 0.70 |
| Up Beta | 0.90 | 0.61 | 0.08 | 0.63 | 0.56 | 0.67 |
| Down Beta | 2.07 | 1.26 | 0.88 | 0.79 | 0.42 | 0.43 |
| Up Capture | 102% | 118% | 105% | 58% | 65% | 52% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 13 | 24 | 33 | 62 | 123 | 381 |
| Down Capture | -134% | 0% | 44% | 71% | 82% | 98% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 7 | 17 | 28 | 63 | 128 | 367 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AOS | |
|---|---|---|---|---|
| AOS | 13.9% | 25.1% | 0.47 | - |
| Sector ETF (XLI) | 21.6% | 19.0% | 0.90 | 59.5% |
| Equity (SPY) | 16.0% | 19.2% | 0.64 | 45.2% |
| Gold (GLD) | 66.9% | 23.7% | 2.11 | -6.1% |
| Commodities (DBC) | 7.0% | 16.3% | 0.23 | 7.1% |
| Real Estate (VNQ) | 2.9% | 16.5% | -0.00 | 54.1% |
| Bitcoin (BTCUSD) | -19.7% | 39.9% | -0.46 | 20.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AOS | |
|---|---|---|---|---|
| AOS | 8.6% | 27.3% | 0.31 | - |
| Sector ETF (XLI) | 15.7% | 17.2% | 0.73 | 64.8% |
| Equity (SPY) | 14.1% | 17.1% | 0.66 | 53.4% |
| Gold (GLD) | 19.9% | 16.6% | 0.97 | 4.1% |
| Commodities (DBC) | 11.4% | 18.9% | 0.49 | 9.5% |
| Real Estate (VNQ) | 4.5% | 18.8% | 0.15 | 53.0% |
| Bitcoin (BTCUSD) | 20.9% | 57.6% | 0.56 | 21.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AOS | |
|---|---|---|---|---|
| AOS | 10.7% | 27.0% | 0.41 | - |
| Sector ETF (XLI) | 15.3% | 19.8% | 0.68 | 64.7% |
| Equity (SPY) | 15.9% | 17.9% | 0.76 | 57.1% |
| Gold (GLD) | 15.0% | 15.3% | 0.81 | -0.0% |
| Commodities (DBC) | 8.3% | 17.6% | 0.39 | 17.5% |
| Real Estate (VNQ) | 5.8% | 20.8% | 0.25 | 47.4% |
| Bitcoin (BTCUSD) | 71.1% | 66.4% | 1.10 | 12.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 1/29/2026 | 4.8% | ||
| 10/28/2025 | -2.6% | -4.3% | -4.7% |
| 7/24/2025 | 3.6% | -0.8% | 1.0% |
| 4/29/2025 | 3.5% | 6.0% | -0.3% |
| 1/30/2025 | -2.8% | -4.7% | -3.5% |
| 10/11/2024 | -6.2% | -8.7% | -12.8% |
| 7/23/2024 | -9.4% | -4.9% | -8.7% |
| 4/25/2024 | -4.8% | -4.5% | -3.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 13 | 12 |
| # Negative | 10 | 11 | 12 |
| Median Positive | 3.6% | 4.7% | 11.8% |
| Median Negative | -3.6% | -4.5% | -5.8% |
| Max Positive | 13.7% | 22.5% | 26.6% |
| Max Negative | -9.4% | -9.5% | -12.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 10/28/2025 | 10-Q |
| 06/30/2025 | 07/24/2025 | 10-Q |
| 03/31/2025 | 04/29/2025 | 10-Q |
| 12/31/2024 | 02/11/2025 | 10-K |
| 09/30/2024 | 10/23/2024 | 10-Q |
| 06/30/2024 | 07/24/2024 | 10-Q |
| 03/31/2024 | 04/26/2024 | 10-Q |
| 12/31/2023 | 02/13/2024 | 10-K |
| 09/30/2023 | 10/27/2023 | 10-Q |
| 06/30/2023 | 07/28/2023 | 10-Q |
| 03/31/2023 | 04/28/2023 | 10-Q |
| 12/31/2022 | 02/14/2023 | 10-K |
| 09/30/2022 | 10/28/2022 | 10-Q |
| 06/30/2022 | 07/29/2022 | 10-Q |
| 03/31/2022 | 05/02/2022 | 10-Q |
| 12/31/2021 | 02/11/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Stern, James F | Exec VP, General Counsel & Sec | Direct | Sell | 8072025 | 71.24 | 17,434 | 1,241,953 | 7,037,115 | Form |
| 2 | Wheeler, Kevin J | Executive Chairman | Direct | Sell | 7302025 | 71.26 | 22,200 | 1,581,868 | 7,171,632 | Form |
| 3 | Smith, Mark D | Direct | Sell | 7292025 | 71.36 | 2,400 | 171,264 | 8,295,029 | Form | |
| 4 | Carver, Samuel M | SVP - Global Operations | 401(k) | Sell | 2272025 | 66.51 | 3,460 | Form | ||
| 5 | Karge, Douglas Samuel | SVP - President NA Water Treat | Direct | Sell | 2112025 | 65.65 | 419 | 27,507 | 180,472 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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