A. O. Smith Corporation (AOS)
NYSE: AOS · Real-Time Price · USD
65.28
+0.73 (1.13%)
Nov 9, 2026, 1:22 PM EST - Market open

A. O. Smith Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
3,8033,8303,8183,8533,7543,539
Revenue Growth
-0.71%0.32%-0.90%2.63%6.08%22.23%
Gross Profit
1,4691,4871,4561,4851,3301,311
Operating Income
690.9728716.8757.4624.1608.9
Net Income
494.6546.2533.6556.6235.7487.1
Earnings Per Share
3.583.853.633.691.513.02
EPS Growth
-3.39%6.06%-1.63%144.37%-50.00%42.45%

Revenue by Segment

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
North America - Water Heaters and Related Parts
2,4502,4602,4422,4572,3252,116
North America - Boilers and Related Parts
353.5281260240.1272212.1
North America - Water Treatment Products
245.3243.1248.4225.9222201.5
China
612.9689.5791.9835.1839.1922.4
All Other Rest of World
181.2190.9126.7121.8126.7114.1
Eliminations
-40.4-34.4-50.6-27-31-27.1
Revenue (Total)
3,8033,8303,8183,8533,7543,539

Cash & Debt

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
234.5193.2276.1363.4481.8631.4
Total Debt
715203.9228.5166.8376.8230.7
Net Cash (Debt)
-480.5-10.747.6196.6105400.7
Net Cash Growth
---75.79%87.24%-73.80%-24.52%
Net Cash Per Share
-3.48-0.080.321.300.672.48

Cash Flow & CapEx

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
612.5616.8581.8670.3391.4641.1
Capital Expenditures
-50.8-70.8-108-72.6-70.3-75.1
Free Cash Flow
561.7546473.8597.7321.1566
Free Cash Flow Growth
-1.77%15.24%-20.73%86.14%-43.27%12.01%

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
38.62%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
16.83%18.67%18.36%19.04%5.96%17.68%
Profit Margin
13.01%14.26%13.98%14.45%6.28%13.76%
FCF Margin
14.77%14.26%12.41%15.51%8.55%15.99%

Dividends

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
1.5201.3801.3001.2201.1401.060
Dividend Per Share Growth
5.80%6.15%6.56%7.02%7.55%8.16%
Dividend Yield
2.33%2.05%1.90%1.47%1.97%1.22%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
18.2417.0518.5422.0337.1028.05
Forward PE
17.8116.7617.3321.1618.0525.40
P/FCF Ratio
15.5617.0620.8720.5127.2324.14
PS Ratio
2.302.432.593.182.333.86