A. O. Smith Corporation (AOS)
NYSE: AOS · Real-Time Price · USD
62.77
-1.03 (-1.61%)
Aug 20, 2026, 10:49 AM EDT - Market open

A. O. Smith Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
3,8053,8303,8183,8533,7543,539
Revenue Growth
0.39%0.32%-0.90%2.63%6.08%22.23%
Gross Profit
1,4681,4871,4561,4851,3301,311
Operating Income
691.3728716.8757.4624.1608.9
Net Income
500.3546.2533.6556.6235.7487.1
Earnings Per Share
3.593.853.633.691.513.02
EPS Growth
0.16%6.06%-1.63%144.37%-50.00%42.45%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
North America - Water Heaters and Related Parts
2,4592,4602,4422,4572,3252,116
North America - Boilers and Related Parts
328.6281260240.1272212.1
North America - Water Treatment Products
242.5243.1248.4225.9222201.5
China
624.8689.5791.9835.1839.1922.4
All Other Rest of World
184.4190.9126.7121.8126.7114.1
Eliminations
-34.7-34.4-50.6-27-31-27.1
Revenue (Total)
3,8053,8303,8183,8533,7543,539

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
181.3193.2276.1363.4481.8631.4
Total Debt
677.2203.9228.5166.8376.8230.7
Net Cash (Debt)
-495.9-10.747.6196.6105400.7
Net Cash Growth
---75.79%87.24%-73.80%-24.52%
Net Cash Per Share
-3.56-0.080.321.300.672.48

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
692.3616.8581.8670.3391.4641.1
Capital Expenditures
-52.9-70.8-108-72.6-70.3-75.1
Free Cash Flow
639.4546473.8597.7321.1566
Free Cash Flow Growth
29.28%15.24%-20.73%86.14%-43.27%12.01%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
38.59%38.83%38.14%38.54%35.42%37.04%
Operating Margin
18.17%19.01%18.77%19.66%16.63%17.21%
Pretax Margin
16.95%18.67%18.36%19.04%5.96%17.68%
Profit Margin
13.15%14.26%13.98%14.45%6.28%13.76%
FCF Margin
16.80%14.26%12.41%15.51%8.55%15.99%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
1.4401.3801.3001.2201.1401.060
Dividend Per Share Growth
5.88%6.15%6.56%7.02%7.55%8.16%
Dividend Yield
2.29%2.10%1.98%1.56%2.14%1.35%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
17.4917.0518.5422.0337.1028.05
Forward PE
16.1016.7617.3321.1618.0525.40
P/FCF Ratio
13.5617.0620.8720.5127.2324.14
PS Ratio
2.282.432.593.182.333.86