• A O Smith average net profit margin for 2023 was 9.03%, a 22.09% increase from 2022.
• A O Smith average net profit margin for 2022 was 11.59%, a 14.53% decline from 2021.
• A O Smith average net profit margin for 2021 was 13.56%, a 19.47% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.