A. O. Smith (AOS)

NYSE Industrials Building Products S&P 500

$64.55

-2.02 (-3.03%)

Close of Nov 06, 2026 · end-of-day data

Source: A. O. Smith's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$2.69B	$3.00B	$3.19B	$2.99B	$2.90B	$3.54B	$3.75B	$3.85B	$3.82B	$3.83B
Cost of revenue	$1.57B	$1.76B	$1.88B	$1.81B	$1.79B	$2.23B	$2.42B	$2.37B	$2.36B	$2.34B
Gross profit	$1.11B	$1.23B	$1.31B	$1.18B	$1.11B	$1.31B	$1.33B	$1.48B	$1.46B	$1.49B
Research & development	$80.10M	$86.40M	$94.00M	$87.90M	$80.70M	$94.20M	$89.00M	$97.50M	$101.70M	$95.00M
Selling, general & admin	$662.50M	$722.80M	$753.80M	$715.60M	$660.30M	$701.40M	$670.90M	$727.40M	$739.30M	$759.40M
Operating income	$515.00M	$577.90M	$613.40M	$529.10M	$503.20M	$682.00M	$362.00M	$745.50M	$707.70M	$728.60M
Interest expense	$7.30M	$10.10M	$8.40M	$11.00M	$7.30M	$4.30M	$9.40M	$12.00M	$6.70M	$13.50M
Pre-tax income	$462.50M	$520.80M	$557.80M	$472.10M	$443.90M	$625.60M	$223.70M	$733.50M	$701.00M	$715.10M
Income tax	$136.00M	$224.30M	$113.60M	$102.10M	$99.00M	$138.50M	-$12.00M	$176.90M	$167.40M	$168.90M
Net income	$326.50M	$296.50M	$444.20M	$370.00M	$344.90M	$487.10M	$235.70M	$556.60M	$533.60M	$546.20M
EBITDA	$580.10M	$648.00M	$685.30M	$607.40M	$583.20M	$759.90M	$438.90M	$823.80M	$786.50M	$813.70M
EPS (basic)	$1.87	$1.72	$2.60	$2.24	$2.13	$3.05	$1.52	$3.71	$3.65	$3.87
EPS (diluted)	$1.85	$1.70	$2.58	$2.22	$2.12	$3.02	$1.51	$3.69	$3.63	$3.85
Diluted shares	176.83M	174.61M	172.19M	166.71M	162.60M	161.32M	155.78M	151.02M	147.08M	141.91M
Gross margin	41.5%	41.1%	41.0%	39.5%	38.3%	37.0%	35.4%	38.5%	38.1%	38.8%
Operating margin	19.2%	19.3%	19.2%	17.7%	17.4%	19.3%	9.6%	19.3%	18.5%	19.0%
Net margin	12.2%	9.9%	13.9%	12.4%	11.9%	13.8%	6.3%	14.4%	14.0%	14.3%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$330.40M	$346.60M	$259.70M	$374.00M	$573.10M	$443.30M	$391.20M	$339.90M	$239.60M	$174.50M
Short-term investments	$424.20M	$473.40M	$385.30M	$177.40M	$116.50M	$188.10M	$90.60M	$23.50M	$36.50M	$18.70M
Receivables	$518.70M	$592.70M	$647.30M	$589.50M	$585.00M	$634.40M	$581.20M	$596.00M	$541.40M	$582.30M
Inventory	$251.10M	$297.00M	$304.70M	$303.00M	$300.10M	$447.70M	$516.40M	$497.40M	$532.10M	$479.30M
Total current assets	$1.56B	$1.77B	$1.64B	$1.50B	$1.62B	$1.75B	$1.63B	$1.50B	$1.39B	$1.29B
Goodwill	$491.50M	$516.70M	$513.00M	$546.00M	$546.80M	$627.80M	$619.70M	$633.40M	$761.70M	$710.60M
Total assets	$2.89B	$3.20B	$3.07B	$3.06B	$3.16B	$3.47B	$3.33B	$3.21B	$3.24B	$3.14B
Total current liabilities	$765.60M	$793.80M	$785.30M	$766.50M	$886.30M	$1.12B	$934.20M	$945.30M	$897.20M	$862.50M
Short-term debt	$7.20M	$7.50M	$0	$6.80M	$6.80M	$6.80M	$10.00M	$10.00M	$10.00M	$42.30M
Long-term debt	$316.40M	$402.90M	$221.40M	$277.20M	$106.40M	$189.90M	$334.50M	$117.30M	$183.20M	$112.70M
Total debt	$323.60M	$410.40M	$221.40M	$284.00M	$113.20M	$196.70M	$344.50M	$127.30M	$193.20M	$155.00M
Total liabilities	$1.38B	$1.55B	$1.35B	$1.39B	$1.31B	$1.64B	$1.58B	$1.37B	$1.36B	$1.28B
Shareholders' equity	$1.51B	$1.64B	$1.72B	$1.67B	$1.85B	$1.83B	$1.75B	$1.84B	$1.88B	$1.86B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$446.60M	$326.40M	$448.90M	$456.20M	$562.10M	$641.10M	$391.40M	$670.30M	$581.80M	$616.80M
Capital expenditures	$80.70M	$94.20M	$85.20M	$64.40M	$56.80M	$75.10M	$70.30M	$72.60M	$108.00M	$70.80M
Free cash flow	$365.90M	$232.20M	$363.70M	$391.80M	$505.30M	$566.00M	$321.10M	$597.70M	$473.80M	$546.00M
Investing cash flow	-$300.20M	-$158.10M	-$12.70M	$33.90M	$11.80M	-$349.90M	$8.10M	-$24.10M	-$267.10M	-$53.00M
Financing cash flow	-$139.60M	-$152.10M	-$523.10M	-$375.80M	-$374.80M	-$421.00M	-$430.80M	-$684.70M	-$408.40M	-$633.10M
Dividends paid	$84.20M	$96.90M	$130.10M	$149.20M	$158.70M	$170.10M	$177.20M	$183.50M	$190.40M	$195.70M
Share buybacks	$135.20M	$139.10M	$202.60M	$287.70M	$56.70M	$366.50M	$403.50M	$306.50M	$305.80M	$400.80M
Stock-based compensation	$9.40M	$9.90M	$10.10M	$13.30M	$12.70M	$11.90M	$11.10M	$11.50M	$14.90M	$13.80M
Depreciation & amortization	$65.10M	$70.10M	$71.90M	$78.30M	$80.00M	$77.90M	$76.90M	$78.30M	$78.80M	$85.10M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$988.10M	$978.80M	$1.02B	$902.60M	$912.40M	$963.90M	$1.01B	$942.50M	$912.50M	$945.60M	$1.00B	$940.50M
Cost of revenue	$618.30M	$594.10M	$628.30M	$565.30M	$574.30M	$588.50M	$614.20M	$578.00M	$562.10M	$579.90M	$616.50M	$575.80M
Gross profit	$369.80M	$384.70M	$396.00M	$337.30M	$338.10M	$375.40M	$397.10M	$364.50M	$350.40M	$365.70M	$387.80M	$364.70M
Selling, general & admin	$185.00M	$192.20M	$188.50M	$176.60M	$182.00M	$192.60M	$191.30M	$188.90M	$186.60M	$203.90M	$197.70M	$189.50M
Operating income	$131.00M	$193.70M	$208.40M	$158.10M	$147.50M	$184.00M	$206.20M	$175.40M	$163.00M	$161.80M	$166.10M	$174.40M
Interest expense	$1.10M	$1.00M	$1.80M	$1.50M	$2.40M	$2.90M	$4.60M	$3.60M	$2.40M	$7.10M	$8.10M	$7.70M
Pre-tax income	$176.90M	$192.70M	$206.60M	$156.60M	$145.10M	$181.10M	$201.60M	$171.80M	$160.60M	$154.70M	$158.00M	$166.70M
Income tax	$39.60M	$45.10M	$50.40M	$36.50M	$35.40M	$44.50M	$49.40M	$39.80M	$35.20M	$36.70M	$33.10M	$40.40M
Net income	$137.30M	$147.60M	$156.20M	$120.10M	$109.70M	$136.60M	$152.20M	$132.00M	$125.40M	$118.00M	$124.90M	$126.30M
EBITDA	$151.80M	$213.30M	$228.00M	$178.40M	$166.80M	$204.70M	$226.70M	$197.00M	$185.30M	$185.70M	$190.70M	$198.40M
EPS (basic)	$0.92	$1.00	$1.07	$0.82	$0.75	$0.95	$1.07	$0.94	$0.90	$0.85	$0.91	$0.93
EPS (diluted)	$0.92	$1.00	$1.06	$0.82	$0.76	$0.95	$1.07	$0.94	$0.90	$0.85	$0.91	$0.93
Diluted shares	-532.23K	148.30M	147.60M	146.70M	-445.37K	144.41M	142.48M	140.89M	-667.75K	139.17M	137.86M	136.10M
Gross margin	37.4%	39.3%	38.7%	37.4%	37.1%	38.9%	39.3%	38.7%	38.4%	38.7%	38.6%	38.8%
Operating margin	13.3%	19.8%	20.3%	17.5%	16.2%	19.1%	20.4%	18.6%	17.9%	17.1%	16.5%	18.5%
Net margin	13.9%	15.1%	15.2%	13.3%	12.0%	14.2%	15.0%	14.0%	13.7%	12.5%	12.4%	13.4%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$339.90M	$251.60M	$216.10M	$219.30M	$239.60M	$173.00M	$177.90M	$152.70M	$174.50M	$185.20M	$181.30M	$234.50M
Short-term investments	$23.50M	$51.50M	$17.20M	$36.30M	$36.50M	$27.20M	$0	$20.10M	$18.70M	$18.70M	$0	$0
Receivables	$596.00M	$584.60M	$649.90M	$558.20M	$541.40M	$641.50M	$640.30M	$589.00M	$582.30M	$634.10M	$669.80M	$612.90M
Inventory	$497.40M	$522.30M	$544.70M	$554.90M	$532.10M	$532.60M	$519.30M	$507.30M	$479.30M	$488.50M	$482.70M	$509.30M
Total current assets	$1.50B	$1.46B	$1.48B	$1.41B	$1.39B	$1.42B	$1.39B	$1.32B	$1.29B	$1.37B	$1.39B	$1.41B
Goodwill	$633.40M	$651.50M	$650.40M	$651.70M	$761.70M	$707.10M	$713.60M	$710.00M	$710.60M	$919.90M	$915.20M	$913.90M
Total assets	$3.21B	$3.18B	$3.20B	$3.15B	$3.24B	$3.27B	$3.25B	$3.17B	$3.14B	$3.65B	$3.64B	$3.65B
Total current liabilities	$945.30M	$883.40M	$872.40M	$844.20M	$897.20M	$882.10M	$843.00M	$852.50M	$862.50M	$878.10M	$871.70M	$862.00M
Short-term debt	$10.00M	$10.00M	$10.00M	$10.00M	$10.00M	$10.00M	$19.20M	$19.00M	$42.30M	$41.60M	$39.50M	$41.00M
Long-term debt	$117.30M	$109.70M	$130.40M	$109.70M	$183.20M	$259.80M	$284.20M	$166.80M	$112.70M	$574.20M	$598.00M	$632.10M
Total debt	$127.30M	$119.70M	$140.40M	$119.70M	$193.20M	$269.80M	$303.40M	$185.80M	$155.00M	$615.80M	$637.50M	$673.10M
Total liabilities	$1.37B	$1.30B	$1.29B	$1.24B	$1.36B	$1.41B	$1.40B	$1.33B	$1.28B	$1.77B	$1.80B	$1.83B
Shareholders' equity	$1.84B	$1.88B	$1.91B	$1.92B	$1.88B	$1.86B	$1.85B	$1.84B	$1.86B	$1.88B	$1.84B	$1.82B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$231.30M	$106.60M	$57.40M	$195.90M	$221.90M	$38.70M	$139.60M	$255.40M	$183.10M	$129.40M	$124.40M	$175.60M
Capital expenditures	$29.90M	$22.00M	$22.90M	$32.50M	$30.60M	$21.30M	$17.10M	$14.80M	$17.60M	$10.50M	$10.00M	$12.70M
Free cash flow	$201.40M	$84.60M	$34.50M	$163.40M	$191.30M	$17.40M	$122.50M	$240.60M	$165.50M	$118.90M	$114.40M	$162.90M
Investing cash flow	$6.70M	-$71.20M	$11.10M	-$51.00M	-$156.00M	-$10.80M	$9.00M	-$34.90M	-$16.30M	-$480.50M	$8.70M	-$12.20M
Financing cash flow	-$184.00M	-$120.60M	-$103.10M	-$144.00M	-$40.70M	-$95.10M	-$146.00M	-$245.50M	-$146.50M	$361.30M	-$137.70M	-$111.40M
Dividends paid	$47.80M	$47.30M	$46.90M	$46.70M	$49.50M	$49.20M	$48.30M	$47.60M	$50.60M	$50.20M	$49.60M	$48.90M
Share buybacks	$145.10M	$74.50M	$78.70M	$83.90M	$68.70M	$120.60M	$130.70M	$84.10M	$65.40M	$51.30M	$111.10M	$98.20M
Stock-based compensation	$1.40M	$8.30M	$2.10M	$2.30M	$2.20M	$6.10M	$2.50M	$2.70M	$2.50M	$6.60M	$2.70M	$3.40M
Depreciation & amortization	$20.80M	$19.60M	$19.60M	$20.30M	$19.30M	$20.70M	$20.50M	$21.60M	$22.30M	$23.90M	$24.60M	$24.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.