Smith A O (AOS) Gross Margin (2010 - 2026)
Smith A O (AOS) reported Gross Margin of 38.78% for Q3 2026, up 0.10 percentage points from 38.67% a year earlier and up 0.16 percentage points from the prior quarter.
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Analysis
Smith A O (AOS) Gross Margin (2010 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Smith A O's Gross Margin came in at 38.62%, up 0.10 percentage points year-over-year; for FY2025, it came in at 38.83%, up 0.70 percentage points from FY2024.
- Gross Margin has a five-year change of +0.56 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 38.14% in FY2024 (-0.40 pp), 38.54% in FY2023 (+3.12 pp), 35.42% in FY2022 (-1.62 pp) and 37.04% in FY2021 (-1.23 pp).
- The Q3 2026 figure ranks as the highest quarterly Gross Margin since Q2 2025.
- Year over year, Gross Margin gained in four of the last eight quarters, with an average year-over-year change of +0.21 percentage points.
- The high point for year-over-year Gross Margin in five years was Q2 2023 (a gain of 5.42 percentage points); the low point was Q2 2022 (a drop of 2.76 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 38.61% (Q2 2026), 38.67% (Q1 2026) and 38.40% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 88.43 Bn | 83.04 Bn | 2.38 Bn | 35.28% |
| 2 | Johnson Controls International | 81.95 Bn | 79.68 Bn | 2.47 Bn | 37.41% |
| 3 | Carrier Global | 43.09 Bn | 37.47 Bn | 1.90 Bn | 30.35% |
| 4 | Comfort Systems Usa | 35.64 Bn | 29.60 Bn | 934.48 Mn | 24.81% |
| 5 | Otis Worldwide | 30.11 Bn | 26.50 Bn | 1.16 Bn | 29.56% |
| 6 | James Hardie Industries | 16.21 Bn | 15.14 Bn | 562.40 Mn | 39.38% |
| 7 | Masco | 16.11 Bn | 13.92 Bn | 720.00 Mn | 36.62% |
| 8 | Allegion | 15.72 Bn | 14.35 Bn | 548.20 Mn | 46.75% |
| 9 | Carlisle Companies | 14.80 Bn | 11.71 Bn | 494.90 Mn | 33.82% |
| 10 | Smith A O | 8.74 Bn | 7.93 Bn | 364.70 Mn | 38.78% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 38.78% |
| 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% |
API Access
Smith A O Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=AOS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "AOS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=AOS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();