Smith A O AOS
NYSE AOS
$57.38 +0.68 (+1.20%)
At close: Sep 11, 2026 · 4:00 PM EDT

Smith A O (AOS) Gross Margin (2010 - 2026)

Smith an O's (AOS) quarterly Gross Margin came in at 38.61% in Q2 2026, down 65.0% on a YoY basis from 110.33% in Q2 2025, and little changed quarter-over-quarter from 38.67% in Q1 2026.

Analysis

Smith A O (AOS) Gross Margin (2010 - 2026) Analysis & Trends

Smith an O (AOS) has reported Gross Margin for 17 consecutive years, with 38.61% the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Gross Margin fell 65.0% year-over-year to 38.61%; the trailing twelve-month figure through Jun 2026 stood at 38.59% (up 39.0% YoY), and the FY2025 full-year result was 38.83%, up 70.0% from the prior year.
  • Gross Margin steadied at 38.61% in Q2 2026 per AOS's latest filing, from 38.67% in the prior quarter.
  • Across five years, Gross Margin topped out at 40.04% in Q2 2023 and bottomed at 34.62% in Q2 2022.
  • Historically, Gross Margin has averaged 37.82% across 5 years, with a median of 38.51% in 2026.
  • The sharpest annual moves came in 2022 and 2023: Gross Margin plunged 276 bps in 2022, then jumped 542 bps in 2023.
  • Over 5 years, Gross Margin stood at 37.24% in 2022, then grew by 0 bps to 37.43% in 2023, then slipped by 1 bps to 37.06% in 2024, then climbed by 4 bps to 38.4% in 2025, then increased by 1 bps to 38.61% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods registered 38.61%, 38.67%, and 38.4% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Trane Technologies 97.32 Bn 96.02 Bn 2.26 Bn 35.57%
2 Johnson Controls International 88.44 Bn 87.84 Bn 2.47 Bn 37.41%
3 Comfort Systems Usa 59.52 Bn 57.67 Bn 844.23 Mn 25.85%
4 Carrier Global 47.35 Bn 46.33 Bn 1.94 Bn 30.59%
5 Lennox International 12.64 Bn 12.59 Bn 539.50 Mn 34.91%
6 Modine Manufacturing 9.98 Bn 9.92 Bn - -
7 SPX Technologies 9.61 Bn 9.44 Bn 272.80 Mn 40.18%
8 Smith A O 7.80 Bn 7.62 Bn 387.80 Mn 38.61%
9 Aaon 6.58 Bn 6.58 Bn 152.49 Mn 24.32%
10 Legence 6.12 Bn 6.21 Bn 220.23 Mn 17.45%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 38.61%
Mar 31, 2026 38.67%
Dec 31, 2025 38.40%
Sep 30, 2025 38.67%
Jun 30, 2025 39.27%
Mar 31, 2025 38.95%
Dec 31, 2024 37.06%
Sep 30, 2024 37.37%
Jun 30, 2024 38.66%
Mar 31, 2024 39.30%
Dec 31, 2023 37.43%
Sep 30, 2023 37.99%
Jun 30, 2023 40.04%
Mar 31, 2023 38.71%
Dec 31, 2022 37.24%
Sep 30, 2022 34.89%
Jun 30, 2022 34.62%
Mar 31, 2022 34.94%
Dec 31, 2021 36.22%
Sep 30, 2021 37.21%