Smith AO Corporation (AOS)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 556,600 | 299,200 | 273,600 | 242,800 | 235,700 | 495,400 | 517,200 | 509,200 | 487,100 | 467,500 | 441,300 | 390,900 | 344,900 | 316,200 | 298,100 | 332,400 | 370,000 | 405,000 | 422,300 | 434,700 |
| Revenue (ttm) | US$ in thousands | 3,840,800 | 3,786,500 | 3,723,200 | 3,730,700 | 3,744,500 | 3,805,900 | 3,847,700 | 3,742,800 | 3,534,600 | 3,375,000 | 3,219,800 | 3,022,300 | 2,889,000 | 2,805,400 | 2,772,100 | 2,872,700 | 2,984,200 | 3,045,800 | 3,072,800 | 3,141,800 |
| Net profit margin | 14.49% | 7.90% | 7.35% | 6.51% | 6.29% | 13.02% | 13.44% | 13.60% | 13.78% | 13.85% | 13.71% | 12.93% | 11.94% | 11.27% | 10.75% | 11.57% | 12.40% | 13.30% | 13.74% | 13.84% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $556,600K ÷ $3,840,800K
= 14.49%
The net profit margin of A.O. Smith Corp. has exhibited fluctuations over the past eight quarters. In Q4 2023, the net profit margin reached 14.45%, indicating a strong profitability ratio compared to the previous quarters. Prior to that, the profitability had decreased from Q2 2022 to Q1 2023 but showed some improvement in Q3 2023.
Overall, the company has generally maintained a moderate to high net profit margin, showing its ability to effectively control costs and generate profits from its operations. It is essential for investors and stakeholders to monitor this metric consistently to assess the company's financial health and performance over time.
Peer comparison
Dec 31, 2023