CBRL vs. AOS

Last updated Jun 13, 2026

CBRL (Cracker Barrel Old Country Store, Inc.) and AOS (A. O. Smith Corporation) are both stocks. CBRL operates in Restaurants (Consumer Cyclical), while AOS operates in Specialty Industrial Machinery (Industrials). Over the past 10 years, CBRL returned -8.52%/yr vs 5.40%/yr for AOS. At a 0.25 correlation, their price movements are largely independent.

Performance

CBRL vs. AOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cracker Barrel Old Country Store, Inc. (CBRL) and A. O. Smith Corporation (AOS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CBRL achieves a 86.65% return, which is significantly higher than AOS's -10.72% return. Over the past 10 years, CBRL has underperformed AOS with an annualized return of -8.52%, while AOS has yielded a comparatively higher 5.40% annualized return.

CBRL

• 1D: 2.62%
• 1M: 52.04%
• YTD: 86.65%
• 6M: 73.47%
• 1Y: -8.02%
• 3Y*: -17.57%
• 5Y*: -18.05%
• 10Y*: -8.52%

AOS

• 1D: 0.72%
• 1M: 5.48%
• YTD: -10.72%
• 6M: -13.11%
• 1Y: -5.46%
• 3Y*: -3.46%
• 5Y*: -1.16%
• 10Y*: 5.40%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CBRL vs. AOS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CBRL Cracker Barrel Old Country Store, Inc.	86.65%	-50.94%	-27.92%	-14.02%	-22.66%	-0.85%	-11.25%	-0.79%	3.69%	0.16%
AOS A. O. Smith Corporation	-10.72%	0.07%	-15.92%	47.30%	-32.07%	59.28%	17.46%	13.65%	-29.35%	30.78%

Correlation

The correlation between CBRL and AOS is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.32
Correlation (All Time) Calculated using the full available price history since Sep 7, 1984	0.25

Fundamentals

Market Cap CBRL : $1.05B AOS : $8.22B
EPS CBRL : $1.17 AOS : $3.75
PE Ratio CBRL : 39.97 AOS : 15.76
PS Ratio CBRL : 0.31 AOS : 2.18
PB Ratio CBRL : 2.26 AOS : 3.81
Total Revenue (TTM) CBRL : $3.34B AOS : $3.81B
Gross Profit (TTM) CBRL : $583.08M AOS : $1.48B
EBITDA (TTM) CBRL : $80.92M AOS : $794.70M

Return for Risk

CBRL vs. AOS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CBRL

CBRL Risk / Return Rank: 35
CBRL Sharpe Ratio Rank: 33
CBRL Sortino Ratio Rank: 34
CBRL Omega Ratio Rank: 33
CBRL Calmar Ratio Rank: 37
CBRL Martin Ratio Rank: 38

AOS

AOS Risk / Return Rank: 32
AOS Sharpe Ratio Rank: 33
AOS Sortino Ratio Rank: 28
AOS Omega Ratio Rank: 28
AOS Calmar Ratio Rank: 36
AOS Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CBRL vs. AOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cracker Barrel Old Country Store, Inc. (CBRL) and A. O. Smith Corporation (AOS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CBRL	AOS	Difference
Sharpe ratio: Return per unit of total volatility	-0.23	-0.24	+0.02
Sortino ratio: Return per unit of downside risk	0.06	-0.18	+0.24
Omega ratio: Gain probability vs. loss probability	1.01	0.98	+0.03
Calmar ratio: Return relative to maximum drawdown	-0.20	-0.20	0.00
Martin ratio: Return relative to average drawdown	-0.27	-0.47	+0.20

CBRL vs. AOS - Sharpe Ratio Comparison

The current CBRL Sharpe Ratio is -0.23, which is comparable to the AOS Sharpe Ratio of -0.24. The chart below compares the historical Sharpe Ratios of CBRL and AOS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CBRL vs. AOS - Drawdown Comparison

The maximum CBRL drawdown since its inception was -82.98%, which is greater than AOS's maximum drawdown of -66.07%. Use the drawdown chart below to compare losses from any high point for CBRL and AOS.

Drawdown Indicators

	CBRL	AOS	Difference
Max Drawdown Largest peak-to-trough decline	-82.98%	-66.07%	-16.91%
Max Drawdown (1Y) Largest decline over 1 year	-64.96%	-30.29%	-34.67%
Max Drawdown (3Y) Largest decline over 3 years	-71.91%	-36.93%	-34.98%
Max Drawdown (5Y) Largest decline over 5 years	-80.07%	-42.68%	-37.39%
Max Drawdown (10Y) Largest decline over 10 years	-82.98%	-46.81%	-36.17%
Current Drawdown Current decline from peak	-67.75%	-33.20%	-34.55%
Average Drawdown Average peak-to-trough decline	-24.20%	-20.48%	-3.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	48.23%	13.12%	+35.11%

Volatility

CBRL vs. AOS - Volatility Comparison

Cracker Barrel Old Country Store, Inc. (CBRL) has a higher volatility of 23.27% compared to A. O. Smith Corporation (AOS) at 8.06%. This indicates that CBRL's price experiences larger fluctuations and is considered to be riskier than AOS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CBRL	AOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.27%	8.06%	+15.21%
Volatility (6M) Calculated over the trailing 6-month period	41.99%	19.33%	+22.66%
Volatility (1Y) Calculated over the trailing 1-year period	57.53%	25.19%	+32.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.08%	27.14%	+19.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.48%	27.09%	+16.39%

Dividends

CBRL vs. AOS - Dividend Comparison

CBRL's dividend yield for the trailing twelve months is around 2.14%, less than AOS's 2.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AOS A. O. Smith Corporation	2.40%	2.06%	1.91%	1.84%	1.99%	1.23%	1.79%	1.89%	1.78%	0.91%	1.01%	0.99%
CBRL Cracker Barrel Old Country Store, Inc.	2.14%	3.94%	5.86%	6.75%	5.49%	1.79%	2.96%	3.32%	3.07%	5.16%	4.64%	5.68%

Financials

CBRL vs. AOS - Profitability Comparison

The chart below illustrates the profitability comparison between Cracker Barrel Old Country Store, Inc. and A. O. Smith Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CBRL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cracker Barrel Old Country Store, Inc. reported a gross profit of 0.00 and revenue of 797.37M. Therefore, the gross margin over that period was 0.0%.

AOS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, A. O. Smith Corporation reported a gross profit of 365.70M and revenue of 945.60M. Therefore, the gross margin over that period was 38.7%.

CBRL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cracker Barrel Old Country Store, Inc. reported an operating income of 6.72M and revenue of 797.37M, resulting in an operating margin of 0.8%.

AOS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, A. O. Smith Corporation reported an operating income of 161.80M and revenue of 945.60M, resulting in an operating margin of 17.1%.

CBRL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cracker Barrel Old Country Store, Inc. reported a net income of 42.81M and revenue of 797.37M, resulting in a net margin of 5.4%.

AOS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, A. O. Smith Corporation reported a net income of 118.00M and revenue of 945.60M, resulting in a net margin of 12.5%.

Frequently Asked Questions

Can I hold both CBRL and AOS in my portfolio?

CBRL and AOS have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CBRL or AOS?

CBRL has higher volatility (23.27%) compared to AOS (8.06%). In terms of maximum drawdown, CBRL dropped -82.98% vs AOS's -66.07%.

Which has better risk-adjusted returns?

CBRL currently has the higher Sharpe Ratio (-0.23 vs -0.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.