• A O Smith average pre-tax profit margin for 2023 was 10.29%, a 28.89% increase from 2022.
• A O Smith average pre-tax profit margin for 2022 was 14.47%, a 16.6% decline from 2021.
• A O Smith average pre-tax profit margin for 2021 was 17.35%, a 18.51% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.