Smith AO Corporation (AOS)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 809,600 | 458,400 | 428,800 | 379,400 | 362,000 | 715,400 | 730,300 | 716,300 | 682,000 | 653,900 | 625,200 | 560,500 | 503,200 | 463,900 | 439,800 | 485,700 | 529,100 | 566,300 | 585,300 | 599,700 |
| 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 |
| Operating profit margin | 21.08% | 12.11% | 11.52% | 10.17% | 9.67% | 18.80% | 18.98% | 19.14% | 19.29% | 19.37% | 19.42% | 18.55% | 17.42% | 16.54% | 15.87% | 16.91% | 17.73% | 18.59% | 19.05% | 19.09% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $809,600K ÷ $3,840,800K
= 21.08%
The operating profit margin of A.O. Smith Corp. has shown a consistent positive trend over the past eight quarters. The margin has ranged from 17.19% to 19.79% during this period. In the most recent quarter (Q4 2023), the operating profit margin was 19.66%, demonstrating a slight decrease from the previous quarter but still maintaining a strong level of profitability. Overall, the company has managed to maintain a healthy level of operating efficiency and profitability, as indicated by the consistently high operating profit margins observed in recent quarters.
Peer comparison
Dec 31, 2023
Company name
Symbol
Operating profit margin
Smith AO Corporation
AOS
21.08%
Whirlpool Corporation
WHR
5.34%