A. O. Smith Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	3,830	3,818	3,853	3,754	3,539
Revenue Growth (YoY)	0.32%	-0.90%	2.63%	6.08%	22.23%
Cost of Revenue	2,343	2,362	2,368	2,424	2,228
Gross Profit	1,487	1,456	1,485	1,330	1,311
Selling, General & Admin	759.4	739.3	727.4	670.9	701.4
Other Operating Expenses	-	17.6	18.8	-	-
Total Operating Expenses	759.4	756.9	746.2	670.9	701.4
Operating Income	728	699.2	738.6	658.7	609.5
Interest Expense	-13.5	-6.7	-12	-9.4	-4.3
Other Non-Operating Income (Expense)	0.6	8.5	6.9	-425.6	20.4
Total Non-Operating Income (Expense)	-12.9	1.8	-5.1	-435	16.1
Pretax Income	715.1	701	733.5	223.7	625.6
Provision for Income Taxes	168.9	167.4	176.9	-12	138.5
Net Income	546.2	533.6	556.6	235.7	487.1
Net Income to Common	546.2	533.6	556.6	235.7	487.1
Net Income Growth	2.36%	-4.13%	136.15%	-51.61%	41.23%
Shares Outstanding (Basic)	141	146	150	155	160
Shares Outstanding (Diluted)	142	147	151	156	161
Shares Change (YoY)	-3.51%	-2.60%	-3.06%	-3.44%	-0.79%
EPS (Basic)	3.87	3.65	3.71	1.52	3.05
EPS (Diluted)	3.85	3.63	3.69	1.51	3.02
EPS Growth	6.06%	-1.63%	144.37%	-50.00%	42.45%
Free Cash Flow	546	473.8	597.7	321.1	566
Free Cash Flow Growth	15.24%	-20.73%	86.14%	-43.27%	12.01%
Free Cash Flow Per Share	3.85	3.22	3.96	2.06	3.51
Dividends Per Share	1.380	1.300	1.220	1.140	1.060
Dividend Growth	6.15%	6.56%	7.02%	7.55%	8.16%
Gross Margin	38.83%	38.14%	38.54%	35.42%	37.04%
Operating Margin	19.01%	18.31%	19.17%	17.55%	17.22%
Profit Margin	14.26%	13.98%	14.45%	6.28%	13.76%
FCF Margin	14.26%	12.41%	15.51%	8.55%	15.99%
EBITDA	813.1	778	816.9	735.6	687.4
EBITDA Margin	21.23%	20.38%	21.20%	19.60%	19.42%
EBIT	728	699.2	738.6	658.7	609.5
EBIT Margin	19.01%	18.31%	19.17%	17.55%	17.22%
Effective Tax Rate	23.62%	23.88%	24.12%	-5.36%	22.14%

Updated Jan 29, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q