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Side-by-side financial comparison of A. O. Smith (AOS) and Evergy (EVRG). Click either name above to swap in a different company.
Evergy is the larger business by last-quarter revenue ($1.3B vs $945.6M, roughly 1.4× A. O. Smith). A. O. Smith runs the higher net margin — 12.5% vs 6.5%, a 6.0% gap on every dollar of revenue. On growth, Evergy posted the faster year-over-year revenue change (5.3% vs -2.0%). A. O. Smith produced more free cash flow last quarter ($118.9M vs $-530.5M). Over the past eight quarters, Evergy's revenue compounded faster (0.4% CAGR vs -3.9%).
A. O. Smith Corporation is an American manufacturer of both residential and commercial water heaters and boilers, and the largest manufacturer and marketer of water heaters in North America. It also supplies water treatment and purification products in the Asian market. The company has 27 locations worldwide, including five manufacturing facilities in North America, as well as plants in Bengaluru in India, Nanjing in China and Veldhoven in The Netherlands.
Evergy, Inc. is an American investor-owned utility (IOU) with publicly traded stock with headquarters in Topeka, Kansas, and in Kansas City, Missouri. The company was formed from a merger of Westar Energy of Topeka and Great Plains Energy of Kansas City, parent company of Kansas City Power & Light. Evergy is the largest electric company in Kansas, serving more than 1.7 million residential, commercial and industrial customers in Kansas and Missouri.
AOS vs EVRG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $945.6M | $1.3B |
| Net Profit | $118.0M | $84.3M |
| Gross Margin | 38.7% | — |
| Operating Margin | — | 18.5% |
| Net Margin | 12.5% | 6.5% |
| Revenue YoY | -2.0% | 5.3% |
| Net Profit YoY | -14.0% | 7.8% |
| EPS (diluted) | $0.85 | $0.35 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $945.6M | — | ||
| Q4 25 | $912.5M | $1.3B | ||
| Q3 25 | $942.5M | $1.8B | ||
| Q2 25 | $1.0B | $1.4B | ||
| Q1 25 | $963.9M | $1.3B | ||
| Q4 24 | $912.4M | $1.2B | ||
| Q3 24 | $902.6M | $1.8B | ||
| Q2 24 | $1.0B | $1.4B |
| Q1 26 | $118.0M | — | ||
| Q4 25 | $125.4M | $84.3M | ||
| Q3 25 | $132.0M | $475.0M | ||
| Q2 25 | $152.2M | $171.3M | ||
| Q1 25 | $136.6M | $125.0M | ||
| Q4 24 | $109.7M | $78.2M | ||
| Q3 24 | $120.1M | $465.6M | ||
| Q2 24 | $156.2M | $207.0M |
| Q1 26 | 38.7% | — | ||
| Q4 25 | 38.4% | — | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 39.3% | — | ||
| Q1 25 | 38.9% | — | ||
| Q4 24 | 37.1% | — | ||
| Q3 24 | 37.4% | — | ||
| Q2 24 | 38.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 17.9% | 18.5% | ||
| Q3 25 | 18.6% | 37.3% | ||
| Q2 25 | 20.4% | 25.4% | ||
| Q1 25 | 19.1% | 22.5% | ||
| Q4 24 | 10.1% | 18.1% | ||
| Q3 24 | 19.5% | 35.1% | ||
| Q2 24 | 21.9% | 25.4% |
| Q1 26 | 12.5% | — | ||
| Q4 25 | 13.7% | 6.5% | ||
| Q3 25 | 14.0% | 26.9% | ||
| Q2 25 | 15.0% | 12.6% | ||
| Q1 25 | 14.2% | 9.7% | ||
| Q4 24 | 12.0% | 6.4% | ||
| Q3 24 | 13.3% | 26.0% | ||
| Q2 24 | 15.2% | 14.7% |
| Q1 26 | $0.85 | — | ||
| Q4 25 | $0.89 | $0.35 | ||
| Q3 25 | $0.94 | $2.03 | ||
| Q2 25 | $1.07 | $0.74 | ||
| Q1 25 | $0.95 | $0.54 | ||
| Q4 24 | $0.75 | $0.34 | ||
| Q3 24 | $0.82 | $2.02 | ||
| Q2 24 | $1.06 | $0.90 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $185.2M | $19.8M |
| Total DebtLower is stronger | $574.2M | — |
| Stockholders' EquityBook value | $1.9B | $10.2B |
| Total Assets | $3.7B | $33.9B |
| Debt / EquityLower = less leverage | 0.31× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $185.2M | — | ||
| Q4 25 | $193.2M | $19.8M | ||
| Q3 25 | $172.8M | $27.5M | ||
| Q2 25 | $177.9M | $27.8M | ||
| Q1 25 | $200.2M | $35.3M | ||
| Q4 24 | $276.1M | $22.0M | ||
| Q3 24 | $255.6M | $34.6M | ||
| Q2 24 | $233.3M | $26.1M |
| Q1 26 | $574.2M | — | ||
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $10.2B | ||
| Q3 25 | $1.8B | $10.3B | ||
| Q2 25 | $1.8B | $10.0B | ||
| Q1 25 | $1.9B | $9.9B | ||
| Q4 24 | $1.9B | $10.0B | ||
| Q3 24 | $1.9B | $10.0B | ||
| Q2 24 | $1.9B | $9.7B |
| Q1 26 | $3.7B | — | ||
| Q4 25 | $3.1B | $33.9B | ||
| Q3 25 | $3.2B | $33.4B | ||
| Q2 25 | $3.2B | $32.9B | ||
| Q1 25 | $3.3B | $32.5B | ||
| Q4 24 | $3.2B | $32.3B | ||
| Q3 24 | $3.2B | $32.1B | ||
| Q2 24 | $3.2B | $31.8B |
| Q1 26 | 0.31× | — | ||
| Q4 25 | 0.08× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $334.0M |
| Free Cash FlowOCF − Capex | $118.9M | $-530.5M |
| FCF MarginFCF / Revenue | 12.6% | -41.1% |
| Capex IntensityCapex / Revenue | 1.1% | 66.9% |
| Cash ConversionOCF / Net Profit | — | 3.96× |
| TTM Free Cash FlowTrailing 4 quarters | $647.5M | $-751.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $183.1M | $334.0M | ||
| Q3 25 | $255.4M | $937.7M | ||
| Q2 25 | $139.6M | $323.9M | ||
| Q1 25 | $38.7M | $449.6M | ||
| Q4 24 | $221.9M | $395.6M | ||
| Q3 24 | $195.9M | $953.3M | ||
| Q2 24 | $57.4M | $317.5M |
| Q1 26 | $118.9M | — | ||
| Q4 25 | $165.5M | $-530.5M | ||
| Q3 25 | $240.6M | $225.4M | ||
| Q2 25 | $122.5M | $-303.4M | ||
| Q1 25 | $17.4M | $-143.2M | ||
| Q4 24 | $191.3M | $-118.6M | ||
| Q3 24 | $163.4M | $427.0M | ||
| Q2 24 | $34.5M | $-360.0M |
| Q1 26 | 12.6% | — | ||
| Q4 25 | 18.1% | -41.1% | ||
| Q3 25 | 25.5% | 12.8% | ||
| Q2 25 | 12.1% | -22.4% | ||
| Q1 25 | 1.8% | -11.1% | ||
| Q4 24 | 21.0% | -9.7% | ||
| Q3 24 | 18.1% | 23.9% | ||
| Q2 24 | 3.4% | -25.6% |
| Q1 26 | 1.1% | — | ||
| Q4 25 | 1.9% | 66.9% | ||
| Q3 25 | 1.6% | 40.4% | ||
| Q2 25 | 1.7% | 46.3% | ||
| Q1 25 | 2.2% | 45.8% | ||
| Q4 24 | 3.4% | 41.9% | ||
| Q3 24 | 3.6% | 29.4% | ||
| Q2 24 | 2.2% | 48.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.46× | 3.96× | ||
| Q3 25 | 1.93× | 1.97× | ||
| Q2 25 | 0.92× | 1.89× | ||
| Q1 25 | 0.28× | 3.60× | ||
| Q4 24 | 2.02× | 5.06× | ||
| Q3 24 | 1.63× | 2.05× | ||
| Q2 24 | 0.37× | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AOS
Segment breakdown not available.
EVRG
| Electric Utility Customer Class Residential | $462.9M | 36% |
| Electric Utility Customer Class Commercial | $447.6M | 35% |
| Electric Utility Customer Class Industrial | $164.1M | 13% |
| Electric Utility Customer Class Transmission | $129.4M | 10% |
| Electric Utility Customer Class Wholesale | $69.7M | 5% |
| Electric Utility Customer Class Other Retail | $12.2M | 1% |
| Electric Utility Customer Class Industrial Steam | $5.7M | 0% |
