Smith A O (AOS) Invested Capital (2009 - 2026)
Smith A O's Invested Capital came in at $2.5 billion for Q3 2026, up 22.9% from $2.03 billion a year earlier and up 0.7% from the prior quarter.
Powered by 
Analysis
Smith A O (AOS) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Smith A O's Invested Capital was $2.01 billion, down 3.1% from FY2024.
- Invested Capital carries a five-year compound annual growth rate of 0.5% (FY2020 to FY2025).
- Going back by year, Invested Capital was $2.08 billion in FY2024 (+5.3%), $1.97 billion in FY2023 (-5.8%), $2.09 billion in FY2022 (+3.1%) and $2.03 billion in FY2021 (+3.4%).
- The Q3 2026 figure represents the highest quarterly Invested Capital in data going back to Q4 2009.
- Year-over-year, Invested Capital has increased for three consecutive quarters, with growth averaging 8.6% over the last eight quarters.
- The fastest year-over-year change in Invested Capital over five years came in Q3 2026 (growth of 22.9%), and the weakest in Q1 2024 (a decline of 6.1%).
- Business Quant data shows AOS's Invested Capital at $2.48 billion (Q2 2026), $2.49 billion (Q1 2026) and $2.01 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 88.43 Bn | 83.04 Bn | 2.38 Bn | 13.35 Bn |
| 2 | Johnson Controls International | 81.95 Bn | 79.68 Bn | 2.47 Bn | 22.99 Bn |
| 3 | Carrier Global | 43.09 Bn | 37.47 Bn | 1.90 Bn | 21.90 Bn |
| 4 | Comfort Systems Usa | 35.64 Bn | 29.60 Bn | 934.48 Mn | 3.38 Bn |
| 5 | Otis Worldwide | 30.11 Bn | 26.50 Bn | 1.16 Bn | 2.85 Bn |
| 6 | James Hardie Industries | 16.21 Bn | 15.14 Bn | 562.40 Mn | 10.74 Bn |
| 7 | Masco | 16.11 Bn | 13.92 Bn | 720.00 Mn | 2.80 Bn |
| 8 | Allegion | 15.72 Bn | 14.35 Bn | 548.20 Mn | 4.20 Bn |
| 9 | Carlisle Companies | 14.80 Bn | 11.71 Bn | 494.90 Mn | 4.33 Bn |
| 10 | Smith A O | 8.74 Bn | 7.93 Bn | 364.70 Mn | 2.50 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.50 Bn |
| 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 | 2.08 Bn |
| Sep 30, 2024 | 2.04 Bn |
| Jun 30, 2024 | 2.05 Bn |
| Mar 31, 2024 | 2.00 Bn |
| Dec 31, 2023 | 1.97 Bn |
| Sep 30, 2023 | 2.01 Bn |
| Jun 30, 2023 | 2.09 Bn |
| Mar 31, 2023 | 2.13 Bn |
| Dec 31, 2022 | 2.09 Bn |
| Sep 30, 2022 | 2.04 Bn |
| Jun 30, 2022 | 2.09 Bn |
| Mar 31, 2022 | 2.10 Bn |
| Dec 31, 2021 | 2.03 Bn |
API Access
Smith A O Invested Capital 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=invested-capital&ticker=AOS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=AOS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();