What is A. O. Smith's work in process?

A. O. Smith (AOS) reported work in process of $43.6M in Q1 2026.

How has A. O. Smith's work in process changed year-over-year?

A. O. Smith's work in process decreased by 0.2% year-over-year, from $43.7M to $43.6M.

What is the long-term trend for A. O. Smith's work in process?

Over 5 years (2020 to 2025), A. O. Smith's work in process has grown at a 14.9% compound annual growth rate (CAGR), from $21.8M to $43.7M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

A. O. Smith AOS Work in process

Work in process at other companies

nVent Electric plcNVT

$40.8M+122%

General DynamicsGD

$5.82B-6.6%

Texas InstrumentsTXN

$2.36B-0.6%

AmetekAME

$191.67M+0.9%

TerexTEX

$376M+198%

Henry ScheinHSIC

$43M+10.3%

Other financials

Income statement

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Revenue$945.6M-1.9%

Gross profit$365.7M-2.6%

Net income$118.0M-13.6%

EPS (diluted)$0.85-10.5%

Balance sheet

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Cash & equivalents$185.2M+7.1%

Total debt$656.5M+123%

Total equity$1.9B+1.2%

Total assets$3.7B+11.7%

Cash flow

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Operating cash flow$129.4M+234%

CapEx$10.5M-50.7%

Free cash flow$118.9M+583%

Valuation

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Market cap$8.02B-2.8%

Enterprise value$8.5B+0.9%

P/E15.2×-0.6×

P/S2.1×-0.1×

Profitability

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Gross margin38.8%+0.7pp

Net margin13.8%+0.1pp

FCF margin17%+6.3pp

Returns & leverage

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Return on equity28.3%+0.3pp

Debt / equity0.3×+0.2×

Current ratio1.6×-0.1×

Where this comes from

Reported directly by A. O. Smith in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcess.

The official record: A. O. Smith’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is A. O. Smith's work in process?: A. O. Smith (AOS) reported work in process of $43.6M in Q1 2026.
How has A. O. Smith's work in process changed year-over-year?: A. O. Smith's work in process decreased by 0.2% year-over-year, from $43.7M to $43.6M.
What is the long-term trend for A. O. Smith's work in process?: Over 5 years (2020 to 2025), A. O. Smith's work in process has grown at a 14.9% compound annual growth rate (CAGR), from $21.8M to $43.7M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.