A. O. Smith Corporation (AOS) Return on Invested Capital (ROIC): 23.94%
Is A. O. Smith Corporation’s return on invested capital (ROIC) high or low?
A. O. Smith Corporation's return on invested capital (ROIC) of 23.94% is in line with its 5-year average of 22.50%, near the high end of its 5-year range (15.20%–27.35%).
As of Wednesday, June 24, 2026. 1.59% above its 12-month average of 23.57%.
AOS Return on Invested Capital (ROIC) Chart
Reported annual fiscal-period values; no daily interpolation.
AOS Average Return on Invested Capital (ROIC) Chart
AOS Current vs Average Return on Invested Capital (ROIC) Chart
AOS Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
23.94%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
23.57%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
24.93%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
22.50%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
19.27%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
15.53%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
13.54%
CURRENT VS TTM AVG
+1.59%
CURRENT VS 3Y AVG
-3.95%
CURRENT VS 5Y AVG
+6.41%
CURRENT VS 10Y AVG
+24.23%
CURRENT VS 15Y AVG
+54.14%
CURRENT VS 20Y AVG
+76.86%
AOS Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| A. O. Smith Corporation (AOS) | $8.02B | 23.94% | 23.57% | 24.93% | 22.50% |
| EnerSys (ENS)vs › | $7.97B | 12.37% | 12.59% | 11.16% | 9.43% |
| AGCO Corporation (AGCO)vs › | $8.30B | 8.40% | 10.48% | 14.32% | 13.46% |
| Booz Allen Hamilton Holding Corporation (BAH)vs › | $7.52B | 18.60% | 18.70% | 14.70% | 14.37% |
| AeroVironment, Inc. (AVAV)vs › | $7.44B | 4.17% | 5.99% | -2.83% | 0.27% |
| Gartner, Inc. (IT)vs › | $8.65B | 18.78% | 20.59% | 21.68% | 18.97% |
| MYR Group Inc. (MYRG)vs › | $7.29B | 13.77% | 8.97% | 10.06% | 10.84% |
| Planet Labs PBC (PL)vs › | $8.77B | -13.91% | -18.55% | -23.59% | -24.98% |
| Aecom (ACM)vs › | $8.88B | 12.33% | 11.82% | 9.11% | 8.12% |
| Pool Corporation (POOL)vs › | $7.10B | 15.43% | 16.56% | 19.89% | 22.25% |
Capital Efficiency
ROIC
23.9%
ROE
28.1%
A. O. Smith Corporation Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
A. O. Smith Corporation Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for A. O. Smith Corporation (AOS)?
- The return on invested capital (ROIC) for AOS stock is 23.94%.
- Is A. O. Smith Corporation's return on invested capital (ROIC) high or low?
- A. O. Smith Corporation's return on invested capital (ROIC) of 23.94% is in line with its 5-year average of 22.50%, near the high end of its 5-year range (15.20%–27.35%).
- What is the TTM average return on invested capital (ROIC) for A. O. Smith Corporation (AOS)?
- The TTM average return on invested capital (ROIC) for AOS stock is 23.57%.
- What is the 3Y average return on invested capital (ROIC) for A. O. Smith Corporation (AOS)?
- The 3Y average return on invested capital (ROIC) for AOS stock is 24.93%.
- What is the 5Y average return on invested capital (ROIC) for A. O. Smith Corporation (AOS)?
- The 5Y average return on invested capital (ROIC) for AOS stock is 22.50%.
- What is the 10Y average return on invested capital (ROIC) for A. O. Smith Corporation (AOS)?
- The 10Y average return on invested capital (ROIC) for AOS stock is 19.27%.
- What is the 15Y average return on invested capital (ROIC) for A. O. Smith Corporation (AOS)?
- The 15Y average return on invested capital (ROIC) for AOS stock is 15.53%.
- What is the 20Y average return on invested capital (ROIC) for A. O. Smith Corporation (AOS)?
- The 20Y average return on invested capital (ROIC) for AOS stock is 13.54%.
A. O. Smith Corporation Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 23.94% |
| 2024-12-31 | 23.19% |
| 2023-12-31 | 25.22% |
| 2022-12-31 | 27.35% |
| 2021-12-31 | 20.09% |
| 2020-12-31 | 15.20% |
| 2019-12-31 | 15.92% |
| 2018-12-31 | 19.22% |
| 2017-12-31 | 12.26% |
| 2016-12-31 | 15.24% |
| 2015-12-31 | 14.35% |
| 2014-12-31 | 10.82% |
| 2013-12-31 | 9.86% |
| 2012-12-31 | 7.88% |
| 2011-12-31 | 5.21% |
| 2010-12-31 | 2.75% |
| 2009-12-31 | 4.71% |
| 2008-12-31 | 7.49% |
| 2007-12-31 | 9.50% |
| 2006-12-31 | 7.22% |
| 2005-12-31 | 6.84% |
| 2004-12-31 | 4.31% |
| 2003-12-31 | 5.83% |
| 2002-12-31 | 6.27% |
| 2001-12-31 | 3.04% |
| 2000-12-31 | 6.22% |
| 1999-12-31 | 6.94% |
| 1998-12-31 | 8.00% |
| 1997-12-31 | 6.82% |
| 1996-12-31 | 4.69% |
Related Metrics
About A. O. Smith Corporation
A. O. Smith Corporation (AOS) is a global manufacturer and marketer specializing in a comprehensive array of water heating and treatment solutions. Its operations span North America, China, Europe, and India, organized into two primary geographic segments: North America and Rest of World. The company's product portfolio is extensive, featuring residential and commercial water heaters (gas, heat pump, and electric models), boilers, storage tanks, and various water treatment systems. These products cater to a wide range of applications, including homes, apartments, and condominiums, as well as commercial entities such as restaurants, hotels, office buildings, laundries, car washes, small businesses, hospitals, and schools. Specific offerings include diverse water treatment products like point-of-entry water softeners, well water purification systems, whole-home filtration units, portable filtration bottles, point-of-use carbon filters, and reverse osmosis systems, designed for residential, restaurant, hotel, and office use. A. O. Smith also supplies food and beverage filtration products, expansion tanks, commercial solar water heating installations, and heaters for swimming pools and spas, along with associated components. Advanced heating solutions further encompass heat pumps, electric wall-hung units, gas tankless heaters, combi-boilers, and integrated heat pump and solar water heaters. Products are primarily sold under established brands such as A. O. Smith, State, and Lochinvar, in addition to specialized water softener brands. The company leverages various distribution channels, including independent wholesale plumbing distributors, retail outlets like hardware and home center chains, and manufacturer representative firms. Its Aquasana-branded products are sold directly to consumers through e-commerce platforms and other online retailers. Founded in 1874, A. O. Smith Corporation maintains its corporate headquarters in Milwaukee, Wisconsin.
- Sector
- Industrials
- Industry
- Industrial - Machinery
- CEO
- Stephen Shafer