A. O. Smith vs Modine Manufacturing
A. O. Smith is the larger business, with $3.83bn of revenue in fiscal 2025 against $3.18bn for Modine Manufacturing (1.2 times as much). Modine Manufacturing grew faster (23.1% against 0.3%). A. O. Smith kept more of each dollar of sales as profit: a net margin of 14.3% against 3.8%. A. O. Smith carries less debt relative to equity (8.3% against 36.7%).
| Latest fiscal year | A. O. SmithAOS, 2025 | Modine ManufacturingMOD, 2026 |
|---|---|---|
| Revenue | $3.83bn | $3.18bn |
| Revenue growth | 0.3% | 23.1% |
| Net income | $546m | $122m |
| Operating margin | 19.0% | 10.8% |
| Net margin | 14.3% | 3.8% |
| Return on equity | 29.2% | 11.5% |
| Free cash flow | $546m | $105m |
| Cash | $175m | $73.5m |
| Total debt | $155m | $438m |
| Debt to equity | 8.3% | 36.7% |
| Dividend per share | $1.38 | — |
| Dividend yield | 2.2% | — |
| Share buybacks | $401m | $7.0m |
| Employees | 11,500 | — |
| Market value | $8.67bn | $6.82bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 80 (Strong) | 34 (Weak) |
| Insider trades, 12 months | 0 buys, 2 sales | 0 buys, 40 sales |