Retained earnings is the accumulated portion of net income that is not distributed to shareholders. A.O. Smith's retained earnings for the quarter that ended in Mar. 2026 was MXN72,488 Mil.
A.O. Smith's quarterly retained earnings
increased
from Sep. 2025 (MXN71,115 Mil) to Dec. 2025 (MXN71,155 Mil) and
increased
from Dec. 2025 (MXN71,155 Mil) to Mar. 2026 (MXN72,488 Mil).
A.O. Smith's annual retained earnings
increased
from Dec. 2023 (MXN55,304 Mil) to Dec. 2024 (MXN75,108 Mil) but then
declined
from Dec. 2024 (MXN75,108 Mil) to Dec. 2025 (MXN71,155 Mil).
A.O. Smith (MEX:AOS) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
A.O. Smith Retained Earnings Historical Data
* Premium members only.
The historical data trend for A.O. Smith's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of MXN72,488 Mil mean?
A.O. Smith (MEX:AOS) has a Retained Earnings of MXN72,488 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on A.O. Smith and its competitors.
Is A.O. Smith's Retained Earnings too high?
A.O. Smith's current Retained Earnings is MXN72,488 Mil. Overall, A.O. Smith has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does A.O. Smith's Retained Earnings compare to NPO and MIDD?
A.O. Smith's Retained Earnings of MXN72,488 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Industrial Products company?
A good Retained Earnings depends on the Industrial Products industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on A.O. Smith and its competitors. A.O. Smith's current Retained Earnings is MXN72,488 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is A.O. Smith stock overvalued right now?
A.O. Smith (MEX:AOS) has a current Retained Earnings of MXN72,488 Mil. The stock's GF Value™ is MXN1,691.06, compared to a current price of MXN1,347.00 — trading 20.3% below its estimated fair value. The current Retained Earnings is MXN72,488 Mil. A.O. Smith's overall GF Score™ is 81/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For A.O. Smith (MEX:AOS), the current Retained Earnings is MXN72,488 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is A.O. Smith (MEX:AOS) Overvalued in 2026?
Based on GuruFocus' analysis, A.O. Smith stock appears to be undervalued.
The current stock price of MXN1,347.00 is trading 20.3% below its estimated GF Value™ of MXN1,691.06.
Key valuation signals for MEX:AOS:
Retained Earnings: MXN72,488 Mil
GF Value™: MXN1,691.06 vs. price of MXN1,347.00 (20.3% below fair value)
No single metric tells the full story. See the MEX:AOS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
A.O. Smith manufactures a broad lineup of water heaters, boilers, and water treatment products. The company has two reporting segments: North America (80% of sales) and rest of world (20% of sales). A.O. Smith is the leading manufacturer of water heaters in North America for the residential and commercial markets, with approximately 36% and 52% market share, respectively. Residential water heaters account for most of North American sales and are distributed equally through wholesale and retail channels. Most of A.O. Smith's international revenue is from China, a market the company entered in the mid-1990s.
81GF Score
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Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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