Smith A O (AOS) Operating Margin (2010 - 2026)
Smith an O's (AOS) quarterly Operating Margin came in at 16.68% in Q2 2026, down 367.0% on a YoY basis from 6.25% in Q2 2025, and down 2.53% quarter-over-quarter from 17.11% in Q1 2026.
Analysis
Smith A O (AOS) Operating Margin (2010 - 2026) Analysis & Trends
Smith an O (AOS) has reported Operating Margin for 17 consecutive years, with 16.68% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin fell 367.0% year-over-year to 16.68%; the trailing twelve-month figure through Jun 2026 stood at 17.57% (down 104.0% YoY), and the FY2025 full-year result was 19.01%, up 69.0% from the prior year.
- Operating Margin slipped to 16.68% in Q2 2026 per AOS's latest filing, from 17.11% in the prior quarter.
- Across five years, Operating Margin topped out at 21.27% in Q2 2023 and bottomed at 16.55% in Q1 2022.
- Historically, Operating Margin has averaged 18.52% across 5 years, with a median of 18.67% in 2023.
- The sharpest annual moves came in 2023 and 2026: Operating Margin jumped 391 bps in 2023, then slumped 367 bps in 2026.
- Over 5 years, Operating Margin stood at 19.2% in 2022, then fell by 3 bps to 18.7% in 2023, then decreased by 9 bps to 17.11% in 2024, then grew by 5 bps to 17.95% in 2025, then dropped by 7 bps to 16.68% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 16.68%, 17.11%, and 17.95% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 97.21 Bn | 95.89 Bn | 2.26 Bn | 19.27% |
| 2 | Johnson Controls International | 86.90 Bn | 86.26 Bn | 2.47 Bn | 14.92% |
| 3 | Comfort Systems Usa | 56.02 Bn | 54.17 Bn | 844.23 Mn | 17.09% |
| 4 | Carrier Global | 46.82 Bn | 45.47 Bn | 1.94 Bn | 12.99% |
| 5 | Lennox International | 12.94 Bn | 12.88 Bn | 539.50 Mn | 22.97% |
| 6 | Modine Manufacturing | 9.45 Bn | 9.37 Bn | - | - |
| 7 | SPX Technologies | 9.35 Bn | 9.18 Bn | 272.80 Mn | 16.94% |
| 8 | Smith A O | 7.76 Bn | 7.58 Bn | 387.80 Mn | 16.68% |
| 9 | Aaon | 6.28 Bn | 6.28 Bn | 152.49 Mn | 10.99% |
| 10 | Csw Industrials | 4.83 Bn | 4.79 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.68% |
| Mar 31, 2026 | 17.11% |
| Dec 31, 2025 | 17.95% |
| Sep 30, 2025 | 18.63% |
| Jun 30, 2025 | 20.35% |
| Mar 31, 2025 | 18.96% |
| Dec 31, 2024 | 17.11% |
| Sep 30, 2024 | 17.80% |
| Jun 30, 2024 | 20.26% |
| Mar 31, 2024 | 19.67% |
| Dec 31, 2023 | 18.70% |
| Sep 30, 2023 | 19.34% |
| Jun 30, 2023 | 21.27% |
| Mar 31, 2023 | 19.34% |
| Dec 31, 2022 | 19.20% |
| Sep 30, 2022 | 17.10% |
| Jun 30, 2022 | 17.36% |
| Mar 31, 2022 | 16.55% |
| Dec 31, 2021 | 17.72% |
| Sep 30, 2021 | 17.79% |