Smith A O (AOS) Invested Capital (2009 - 2026)
Smith an O's (AOS) quarterly Invested Capital came in at $2.5 billion in Q2 2026, up 15.36% on a YoY basis from $2.1 billion in Q2 2025, and down 0.57% quarter-over-quarter from $2.5 billion in Q1 2026.
Analysis
Smith A O (AOS) Invested Capital (2009 - 2026) Analysis & Trends
Smith an O (AOS) has reported Invested Capital for 18 consecutive years, with $2.5 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Invested Capital rose 15.36% year-over-year to $2.5 billion; the trailing twelve-month figure through Jun 2026 stood at $2.5 billion (up 15.36% YoY), and the FY2025 full-year result was $2.0 billion, down 3.53% from the prior year.
- Invested Capital fell to $2.5 billion in Q2 2026 per AOS's latest filing, from $2.5 billion in the prior quarter.
- Across five years, Invested Capital topped out at $2.5 billion in Q1 2026 and bottomed at $2.0 billion in Q4 2023.
- Historically, Invested Capital has averaged $2.1 billion across 5 years, with a median of $2.1 billion in 2022.
- The sharpest annual moves came in 2024 and 2026: Invested Capital fell 6.08% in 2024, then climbed 17.36% in 2026.
- Over 5 years, Invested Capital stood at $2.1 billion in 2022, then dropped by 5.73% to $2.0 billion in 2023, then increased by 5.3% to $2.1 billion in 2024, then retreated by 3.53% to $2.0 billion in 2025, then gained by 23.17% to $2.5 billion in 2026.
- According to Business Quant data, Invested Capital over the past three periods registered $2.5 billion, $2.5 billion, and $2.0 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 97.32 Bn | 96.02 Bn | 2.26 Bn | 13.26 Bn |
| 2 | Johnson Controls International | 88.44 Bn | 87.84 Bn | 2.47 Bn | 23.54 Bn |
| 3 | Comfort Systems Usa | 59.52 Bn | 57.67 Bn | 844.23 Mn | 3.27 Bn |
| 4 | Carrier Global | 47.35 Bn | 46.33 Bn | 1.94 Bn | 25.42 Bn |
| 5 | Lennox International | 12.64 Bn | 12.59 Bn | 539.50 Mn | 2.88 Bn |
| 6 | Modine Manufacturing | 9.98 Bn | 9.92 Bn | - | 1.64 Bn |
| 7 | SPX Technologies | 9.61 Bn | 9.44 Bn | 272.80 Mn | 3.03 Bn |
| 8 | Smith A O | 7.80 Bn | 7.62 Bn | 387.80 Mn | 2.48 Bn |
| 9 | Aaon | 6.58 Bn | 6.58 Bn | 152.49 Mn | 1.45 Bn |
| 10 | Legence | 6.12 Bn | 6.21 Bn | 220.23 Mn | 2.01 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.48 Bn |
| Mar 31, 2026 | 2.49 Bn |
| Dec 31, 2025 | 2.01 Bn |
| Sep 30, 2025 | 2.03 Bn |
| Jun 30, 2025 | 2.15 Bn |
| Mar 31, 2025 | 2.12 Bn |
| Dec 31, 2024 | 2.09 Bn |
| Sep 30, 2024 | 2.04 Bn |
| Jun 30, 2024 | 2.05 Bn |
| Mar 31, 2024 | 2.00 Bn |
| Dec 31, 2023 | 1.98 Bn |
| Sep 30, 2023 | 2.01 Bn |
| Jun 30, 2023 | 2.09 Bn |
| Mar 31, 2023 | 2.13 Bn |
| Dec 31, 2022 | 2.10 Bn |
| Sep 30, 2022 | 2.04 Bn |
| Jun 30, 2022 | 2.09 Bn |
| Mar 31, 2022 | 2.10 Bn |
| Dec 31, 2021 | 2.04 Bn |
| Sep 30, 2021 | 2.00 Bn |