A. O. Smith (AOS) ROIC: History & Chart

Name: A. O. Smith Corporation (AOS) Return on Invested Capital (ROIC) — historical time series
Creator: TGMCharts

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A. O. Smith Corporation(AOS)

Industrial - Machinery · Milwaukee, WI

$57.97+0.23 (+0.40%)

Delayed quote: Sep 24, 2026, 11:39 AM EDT

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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.

Milwaukee, WI

11,500 employees

www.aosmith.com

Industrials / Industrial - Machinery

Sector: Industrials
Industry: Industrial - Machinery
CEO: Stephen Shafer

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AOS Return on Invested Capital (ROIC) Metrics

RETURN ON INVESTED CAPITAL (ROIC)

18.44%

RETURN ON INVESTED CAPITAL (ROIC) AVG TTM

21.41%

RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y

23.48%

RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y

23.36%

RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y

19.44%

RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y

16.03%

RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y

13.81%

CURRENT VS TTM AVG

-13.88%

CURRENT VS 3Y AVG

-21.48%

CURRENT VS 5Y AVG

-21.07%

CURRENT VS 10Y AVG

-5.12%

CURRENT VS 15Y AVG

+15.03%

CURRENT VS 20Y AVG

+33.50%

SECTOR MEDIAN · INDUSTRIALS

9.55%

median of 154 covered companies

CURRENT VS SECTOR MEDIAN

+92.99%

vs the sector median at left

NAME	MARKET CAP	RETURN ON INVESTED CAPITAL (ROIC)	TTM	3Y	5Y
A. O. Smith Corporation (AOS)	$8.03B	18.44%	21.41%	23.48%	23.36%
AeroVironment, Inc. (AVAV)vs ›	$7.84B	-0.22%	1.44%	-3.59%	-1.75%
AGCO Corporation (AGCO)vs ›	$8.25B	6.52%	10.48%	14.32%	13.46%
Aecom (ACM)vs ›	$7.69B	12.33%	11.82%	9.11%	8.12%
Pentair plc (PNR)vs ›	$8.51B	11.73%	12.52%	11.98%	12.38%
Kratos Defense & Security Solutions, Inc. (KTOS)vs ›	$8.55B	0.49%	0.96%	0.74%	1.04%
Fluor Corporation (FLR)vs ›	$7.20B	-8.15%	0.87%	1.73%	-0.04%
Valmont Industries, Inc. (VMI)vs ›	$9.00B	19.68%	17.06%	12.91%	11.95%
Booz Allen Hamilton Holding Corporation (BAH)vs ›	$9.05B	15.99%	18.77%	14.79%	14.49%
Saia, Inc. (SAIA)vs ›	$9.06B	8.47%	10.47%	13.84%	13.87%

NAME

MARKET CAP

RETURN ON INVESTED CAPITAL (ROIC)

TTM

A. O. Smith Corporation (AOS)

$8.03B

18.44%

21.41%

23.48%

23.36%

AeroVironment, Inc. (AVAV)vs ›

$7.84B

-0.22%

1.44%

-3.59%

-1.75%

AGCO Corporation (AGCO)vs ›

$8.25B

6.52%

10.48%

14.32%

13.46%

Aecom (ACM)vs ›

$7.69B

12.33%

11.82%

9.11%

8.12%

Pentair plc (PNR)vs ›

$8.51B

11.73%

12.52%

11.98%

12.38%

Kratos Defense & Security Solutions, Inc. (KTOS)vs ›

$8.55B

0.49%

0.96%

0.74%

1.04%

Fluor Corporation (FLR)vs ›

$7.20B

-8.15%

0.87%

1.73%

-0.04%

Valmont Industries, Inc. (VMI)vs ›

$9.00B

19.68%

17.06%

12.91%

11.95%

Booz Allen Hamilton Holding Corporation (BAH)vs ›

$9.05B

15.99%

18.77%

14.79%

14.49%

Saia, Inc. (SAIA)vs ›

$9.06B

8.47%

10.47%

13.84%

13.87%

Return on Invested Capital (ROIC) Formula & Definition

ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)

Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.

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 18.44%.

Is A. O. Smith Corporation's return on invested capital (ROIC) high or low?

The return on invested capital (ROIC) of 18.44% is 21% below its 5-year average of 23.36%, near the low end of its 5-year range (18.44%–30.91%).

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 21.41%.

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 23.48%.

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 23.36%.

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 19.44%.

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 16.03%.

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 13.81%.

DATE	RETURN ON INVESTED CAPITAL (ROIC)
2026-06-30	18.44%
2026-03-31	19.25%
2025-12-31	23.94%
2025-09-30	23.37%
2025-06-30	22.06%
2025-03-31	22.35%
2024-12-31	23.16%
2024-09-30	24.58%
2024-06-30	25.10%
2024-03-31	25.27%
2023-12-31	25.22%
2023-09-30	30.91%
2023-06-30	29.06%
2023-03-31	27.78%
2022-12-31	27.23%
2022-09-30	21.40%
2022-06-30	21.48%
2022-03-31	20.65%
2021-12-31	20.09%
2021-09-30	19.79%
2021-06-30	19.51%
2021-03-31	17.23%
2020-12-31	15.26%
2020-09-30	14.65%
2020-06-30	13.26%
2020-03-31	14.32%
2019-12-31	15.86%
2019-09-30	16.92%
2019-06-30	16.81%
2019-03-31	17.59%
2018-12-31	19.22%
2018-09-30	14.84%
2018-06-30	14.22%
2018-03-31	13.18%
2017-12-31	12.26%
2017-09-30	14.92%
2017-06-30	15.11%
2017-03-31	15.24%
2016-12-31	15.24%
2016-09-30	14.98%
2016-06-30	15.11%
2016-03-31	14.35%
2015-12-31	13.98%
2015-09-30	12.82%
2015-06-30	11.50%
2015-03-31	10.86%
2014-12-31	10.82%
2014-09-30	10.48%
2014-06-30	10.39%
2014-03-31	9.97%
2013-12-31	9.86%
2013-09-30	9.65%
2013-06-30	8.90%
2013-03-31	8.37%
2012-12-31	7.89%
2012-09-30	6.67%
2012-06-30	6.74%
2012-03-31	5.73%
2011-12-31	5.32%
2011-09-30	2.99%
2011-06-30	3.73%
2011-03-31	6.13%
2010-12-31	6.83%
2010-09-30	7.91%
2010-06-30	7.23%
2010-03-31	4.86%
2009-12-31	3.54%
2009-09-30	5.15%
2009-06-30	5.08%
2009-03-31	6.20%
2008-12-31	7.49%
2008-09-30	9.67%
2008-06-30	9.62%
2008-03-31	9.29%
2007-12-31	9.50%
2007-09-30	8.05%
2007-06-30	7.54%
2007-03-31	7.22%
2006-12-31	7.22%
2006-09-30	6.57%
2006-06-30	5.87%
2006-03-31	7.00%
2005-12-31	6.84%
2005-09-30	5.43%
2005-06-30	4.63%
2005-03-31	4.74%
2004-12-31	4.33%
2004-09-30	4.94%
2003-09-30	5.78%
2003-06-30	6.09%

DATE

RETURN ON INVESTED CAPITAL (ROIC)

2026-06-30

18.44%

2026-03-31

19.25%

2025-12-31

23.94%

2025-09-30

23.37%

2025-06-30

22.06%

2025-03-31

22.35%

2024-12-31

23.16%

2024-09-30

24.58%

2024-06-30

25.10%

2024-03-31

25.27%

2023-12-31

25.22%

2023-09-30

30.91%

2023-06-30

29.06%

2023-03-31

27.78%

2022-12-31

27.23%

2022-09-30

21.40%

2022-06-30

21.48%

2022-03-31

20.65%

2021-12-31

20.09%

2021-09-30

19.79%

2021-06-30

19.51%

2021-03-31

17.23%

2020-12-31

15.26%

2020-09-30

14.65%

2020-06-30

13.26%

2020-03-31

14.32%

2019-12-31

15.86%

2019-09-30

16.92%

2019-06-30

16.81%

2019-03-31

17.59%

2018-12-31

19.22%

2018-09-30

14.84%

2018-06-30

14.22%

2018-03-31

13.18%

2017-12-31

12.26%

2017-09-30

14.92%

2017-06-30

15.11%

2017-03-31

15.24%

2016-12-31

15.24%

2016-09-30

14.98%

2016-06-30

15.11%

2016-03-31

14.35%

2015-12-31

13.98%

2015-09-30

12.82%

2015-06-30

11.50%

2015-03-31

10.86%

2014-12-31

10.82%

2014-09-30

10.48%

2014-06-30

10.39%

2014-03-31

9.97%

2013-12-31

9.86%

2013-09-30

9.65%

2013-06-30

8.90%

2013-03-31

8.37%

2012-12-31

7.89%

2012-09-30

6.67%

2012-06-30

6.74%

2012-03-31

5.73%

2011-12-31

5.32%

2011-09-30

2.99%

2011-06-30

3.73%

2011-03-31

6.13%

2010-12-31

6.83%

2010-09-30

7.91%

2010-06-30

7.23%

2010-03-31

4.86%

2009-12-31

3.54%

2009-09-30

5.15%

2009-06-30

5.08%

2009-03-31

6.20%

2008-12-31

7.49%

2008-09-30

9.67%

2008-06-30

9.62%

2008-03-31

9.29%

2007-12-31

9.50%

2007-09-30

8.05%

2007-06-30

7.54%

2007-03-31

7.22%

2006-12-31

7.22%

2006-09-30

6.57%

2006-06-30

5.87%

2006-03-31

7.00%

2005-12-31

6.84%

2005-09-30

5.43%

2005-06-30

4.63%

2005-03-31

4.74%

2004-12-31

4.33%

2004-09-30

4.94%

2003-09-30

5.78%

2003-06-30

6.09%

Return on Invested Capital (ROIC): 18.44%

AOS Return on Invested Capital (ROIC)

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

AOS Competitors' Return on Invested Capital (ROIC)

Capital Efficiency

Return on Invested Capital (ROIC) Formula & Definition

Return on Invested Capital (ROIC) FAQ

AOS Return on Invested Capital (ROIC) History

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