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Apr 30, 2026·SEC
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A. O. Smith Corporation(AOS)Earnings, Financials & Key Ratios
AOS•NYSE
15.1× P/E·Price updated Jun 19, 2026
AboutA. O. Smith Corporation manufactures and markets residential and commercial gas, heat pump and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; commercial boilers for hospitals, schools, hotels, and other large commercial buildings, as well as residential boilers for homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, on-the-go filtration bottles, point-of-use carbon, and reverse osmosis products for residences, restaurants, hotels, and offices. It also provides food and beverage filtration products; expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, and related products and parts; and heat pumps, electric wall-hung, gas tankless, combi-boiler, heat pump and solar water heaters. The company offers its products primarily under the A. O. Smith, State, Lochinvar, and water softener brands. It distributes its products through independent wholesale plumbing distributors, as well as through retail channels consisting of hardware and home center chains, and manufacturer representative firms; and offers Aquasana branded products directly to consumers through e-commerce, as well as other online retailers. A. O. Smith Corporation was founded in 1874 and is headquartered in Milwaukee, Wisconsin.Show more
- Revenue$3.83B+0.3%
- EBITDA$791M-0.6%
- Net Income$546M+2.4%
- EPS (Diluted)3.86+6.3%
- Gross Margin38.83%+1.8%
- EBITDA Margin20.65%-0.9%
- Operating Margin19.01%+1.2%
- Net Margin14.26%+2.0%
- ROE29.2%+2.0%
AOS Key Insights
A. O. Smith Corporation (AOS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 29.6%
- ✓Strong Piotroski F-Score: 8/9
- ✓14 consecutive years of dividend growth
- ✓Healthy dividend yield of 2.4%
- ✓Share count reduced 4.9% through buybacks
- ✓Healthy 5Y average net margin of 12.5%
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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AOS Price & Volume
A. O. Smith Corporation (AOS) stock price & volume — 10-year historical chart
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AOS Growth Metrics
A. O. Smith Corporation (AOS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years4.21%
5 Years5.76%
3 Years0.67%
TTM0.23%
Profit CAGR
10 Years6.8%
5 Years9.63%
3 Years32.33%
TTM0.96%
EPS CAGR
10 Years9.34%
5 Years12.73%
3 Years36.73%
TTM5.03%
Return on Capital
10 Years25.78%
5 Years29.82%
3 Years31.68%
Last Year31.49%
AOS Recent Earnings
A. O. Smith Corporation (AOS) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
Apr 30, 2026Metric
Actual
Est
EPS
$0.85-9.6%
$0.94
Rev
$946M-2.9%
$974M
Q1 2026
Jan 29, 2026Metric
Actual
Est
EPS
$0.90+7.1%
$0.84
Rev
$913M-1.7%
$928M
Q4 2025
Oct 28, 2025Metric
Actual
Est
EPS
$0.94+3.6%
$0.91
Rev
$943M-0.6%
$948M
Q3 2025
Jul 24, 2025Metric
Actual
Est
EPS
$1.07+10.3%
$0.97
Rev
$1.0B+7.9%
$937M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $0.85vs $0.94-9.6% | $946Mvs $974M-2.9% |
| Q1 2026 | Jan 29, 2026 | $0.90vs $0.84+7.1% | $913Mvs $928M-1.7% |
| Q4 2025 | Oct 28, 2025 | $0.94vs $0.91+3.6% | $943Mvs $948M-0.6% |
| Q3 2025 | Jul 24, 2025 | $1.07vs $0.97+10.3% | $1.0Bvs $937M+7.9% |
Based on last 12 quarters of dataView full earnings history →
AOS Peer Comparison
A. O. Smith Corporation (AOS) competitors in Flow control and water equipment — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 LII | 18.53B | 532.43 | 23.96 | -2.73% | 14.89% | 72.05% | 1.77 | |
 WSO | 16.3B | 401.04 | 32.74 | -4.98% | 6.85% | 15.31% | 0.15 | |
 AAON | 11.2B | 136.72 | 105.98 | 20.11% | 7.3% | 13.4% | 0.48 | |
 MWA | 4.09B | 26.13 | 21.42 | 8.75% | 14.17% | 20.74% | 0.46 | |
 WTS | 11.48B | 343.89 | 33.81 | 8.27% | 14.32% | 18.38% | 0.10 | |
 ALLE | 11.48B | 133.57 | 17.95 | 7.82% | 15.24% | 32.08% | 1.10 | |
 CARR | 59.99B | 71.81 | 42.24 | -3.29% | 6.03% | 9.13% | 0.90 | |
 JCI | 88.36B | 144.82 | 55.06 | 2.81% | 14.45% | 24.88% | 0.86 |
Compare AOS vs Peers
A. O. Smith Corporation (AOS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AOS Income Statement
A. O. Smith Corporation (AOS) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 3B | 3.19B | 2.99B | 2.9B | 3.54B | 3.75B | 3.85B | 3.82B | 3.83B | 3.81B |
Revenue Growth % | 11.57% | 6.38% | -6.12% | -3.25% | 22.23% | 6.08% | 2.63% | -0.9% | 0.32% | 0.23% |
Cost of Goods Sold | 1.76B | 1.88B | 1.81B | 1.79B | 2.23B | 2.42B | 2.37B | 2.36B | 2.34B | 2.33B |
COGS % of Revenue | 58.66% | 59.05% | 60.55% | 61.72% | 62.96% | 64.58% | 61.46% | 61.86% | 61.17% | - |
Gross Profit | 1.24B▲ 0% | 1.31B▲ 5.4% | 1.18B▼ 9.6% | 1.11B▼ 6.1% | 1.31B▲ 18.3% | 1.33B▲ 1.4% | 1.48B▲ 11.7% | 1.46B▼ 1.9% | 1.49B▲ 2.1% | 1.48B▲ 0% |
Gross Margin % | 41.34% | 40.95% | 39.45% | 38.28% | 37.04% | 35.42% | 38.54% | 38.14% | 38.83% | 38.77% |
Gross Profit Growth % | 10.67% | 5.39% | -9.56% | -6.14% | 18.29% | 1.43% | 11.67% | -1.93% | 2.15% | - |
Operating Expenses | 718.2M | 753.8M | 715.6M | 660.3M | 701.4M | 670.9M | 727.4M | 739.3M | 759.4M | 770.7M |
OpEx % of Revenue | 23.97% | 23.65% | 23.91% | 22.81% | 19.82% | 17.87% | 18.88% | 19.36% | 19.83% | - |
Selling, General & Admin | 722.8M | 753.8M | 715.6M | 660.3M | 701.4M | 670.9M | 727.4M | 757.4M | 759.4M | 770.7M |
SG&A % of Revenue | 24.12% | 23.65% | 23.91% | 22.81% | 19.82% | 17.87% | 18.88% | 19.84% | 19.83% | - |
Research & Development | 86.4M | 94M | 87.9M | 80.7M | 94.2M | 89M | 97.5M | 101.7M | 0 | 0 |
R&D % of Revenue | 2.88% | 2.95% | 2.94% | 2.79% | 2.66% | 2.37% | 2.53% | 2.66% | - | - |
Other Operating Expenses | -91M | -94M | -87.9M | -80.7M | -94.2M | -89M | -97.5M | -119.8M | 0 | 0 |
Operating Income | 520.5M▲ 0% | 551.7M▲ 6.0% | 466.8M▼ 15.4% | 446.2M▼ 4.4% | 609.5M▲ 36.6% | 658.7M▲ 8.1% | 757.4M▲ 15.0% | 716.8M▼ 5.4% | 728M▲ 1.6% | 707M▲ 0% |
Operating Margin % | 17.37% | 17.31% | 15.6% | 15.41% | 17.22% | 17.55% | 19.66% | 18.77% | 19.01% | 18.55% |
Operating Income Growth % | 13.05% | 5.99% | -15.39% | -4.41% | 36.6% | 8.07% | 14.98% | -5.36% | 1.56% | - |
EBITDA | 590.6M | 623.6M | 545.1M | 526.2M | 687.4M | 735.6M | 835.7M | 795.6M | 790.8M | 795.3M |
EBITDA Margin % | 19.71% | 19.56% | 18.21% | 18.17% | 19.42% | 19.6% | 21.69% | 20.84% | 20.65% | 20.86% |
EBITDA Growth % | 12.39% | 5.59% | -12.59% | -3.47% | 30.63% | 7.01% | 13.61% | -4.8% | -0.6% | 1.16% |
D&A (Non-Cash Add-back) | 70.1M | 71.9M | 78.3M | 80M | 77.9M | 76.9M | 78.3M | 78.8M | 62.8M | 88.3M |
EBIT | 530.9M | 566.2M | 483.1M | 451.2M | 629.9M | 233.1M | 745.5M | 707.7M | 729.4M | 707.2M |
Net Interest Income | -10.1M | -8.4M | -11M | -7.3M | -4.3M | -9.4M | -12M | -6.7M | -13.5M | -17.7M |
Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 10.1M | 8.4M | 11M | 7.3M | 4.3M | 9.4M | 12M | 6.7M | 13.5M | 17.7M |
Other Income/Expense | 300K | 6.1M | 5.3M | -2.3M | 16.1M | -435M | -23.9M | -15.8M | -12.9M | -18.3M |
Pretax Income | 520.8M▲ 0% | 557.8M▲ 7.1% | 472.1M▼ 15.4% | 443.9M▼ 6.0% | 625.6M▲ 40.9% | 223.7M▼ 64.2% | 733.5M▲ 227.9% | 701M▼ 4.4% | 715.1M▲ 2.0% | 688.7M▲ 0% |
Pretax Margin % | 17.38% | 17.5% | 15.78% | 15.33% | 17.68% | 5.96% | 19.04% | 18.36% | 18.67% | 18.07% |
Income Tax | 224.3M | 113.6M | 102.1M | 99M | 138.5M | -12M | 176.9M | 167.4M | 168.9M | 161.1M |
Effective Tax Rate % | 43.07% | 20.37% | 21.63% | 22.3% | 22.14% | -5.36% | 24.12% | 23.88% | 23.62% | 23.39% |
Net Income | 296.5M▲ 0% | 444.2M▲ 49.8% | 370M▼ 16.7% | 344.9M▼ 6.8% | 487.1M▲ 41.2% | 235.7M▼ 51.6% | 556.6M▲ 136.1% | 533.6M▼ 4.1% | 546.2M▲ 2.4% | 527.6M▲ 0% |
Net Margin % | 9.89% | 13.93% | 12.36% | 11.91% | 13.76% | 6.28% | 14.45% | 13.98% | 14.26% | 13.84% |
Net Income Growth % | -9.19% | 49.81% | -16.7% | -6.78% | 41.23% | -51.61% | 136.15% | -4.13% | 2.36% | 0.96% |
Net Income (Continuing) | 296.5M | 444.2M | 370M | 344.9M | 487.1M | 235.7M | 556.6M | 533.6M | 546.2M | 527.6M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | 1.70▲ 0% | 2.58▲ 51.8% | 2.22▼ 14.0% | 2.12▼ 4.5% | 3.02▲ 42.5% | 1.51▼ 50.0% | 3.69▲ 144.4% | 3.63▼ 1.6% | 3.86▲ 6.3% | 3.79▲ 0% |
EPS Growth % | -8.11% | 51.76% | -13.95% | -4.5% | 42.45% | -50% | 144.37% | -1.63% | 6.34% | 5.03% |
EPS (Basic) | 1.72 | 2.60 | 2.24 | 2.14 | 3.05 | 1.52 | 3.71 | 3.65 | 3.86 | - |
Diluted Shares Outstanding | 174.6M | 172.19M | 166.71M | 162.6M | 161.32M | 155.78M | 151.02M | 147.08M | 139.93M | 139.17M |
Basic Shares Outstanding | 171.66M | 168.16M | 165.45M | 161.53M | 159.91M | 154.79M | 149.95M | 147M | 139.93M | 139.17M |
Dividend Payout Ratio | 32.68% | 29.29% | 40.32% | 46.01% | 34.92% | 75.18% | 32.97% | 35.68% | 35.83% | - |
AOS Balance Sheet
A. O. Smith Corporation (AOS) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 1.77B | 1.64B | 1.5B | 1.62B | 1.75B | 1.63B | 1.5B | 1.39B | 1.29B | 1.37B |
Cash & Short-Term Investments | 820M | 645M | 551.4M | 689.6M | 631.4M | 481.8M | 363.4M | 276.1M | 193.2M | 203.9M |
Cash Only | 346.6M | 259.7M | 374M | 573.1M | 443.3M | 391.2M | 339.9M | 239.6M | 174.5M | 185.2M |
Short-Term Investments | 473.4M | 385.3M | 177.4M | 116.5M | 188.1M | 90.6M | 23.5M | 36.5M | 18.7M | 18.7M |
Accounts Receivable | 598.4M | 647.3M | 589.5M | 585M | 634.4M | 581.2M | 596M | 541.4M | 582.3M | 634.1M |
Days Sales Outstanding | 72.89 | 74.11 | 71.9 | 73.75 | 65.43 | 56.51 | 56.46 | 51.76 | 55.49 | 58.55 |
Inventory | 291.2M | 304.7M | 303M | 300.1M | 447.7M | 516.4M | 497.4M | 532.1M | 479.3M | 488.5M |
Days Inventory Outstanding | 60.46 | 59.08 | 61.03 | 61.29 | 73.34 | 77.75 | 76.67 | 82.23 | 74.67 | 77.97 |
Other Current Assets | 57.2M | 41.5M | 56.5M | 43.3M | 39.1M | 54.3M | 43.5M | 43.3M | 36.7M | 41.9M |
Total Non-Current Assets | 1.43B | 1.43B | 1.56B | 1.54B | 1.72B | 1.7B | 1.71B | 1.85B | 1.85B | 2.28B |
Property, Plant & Equipment | 528.9M | 540M | 592.3M | 582.9M | 639.2M | 620.5M | 634.8M | 661.5M | 681.4M | 684M |
Fixed Asset Turnover | 5.67x | 5.90x | 5.05x | 4.97x | 5.54x | 6.05x | 6.07x | 5.77x | 5.62x | 5.61x |
Goodwill | 516.7M | 513M | 546M | 546.8M | 627.8M | 619.7M | 633.4M | 761.7M | 710.6M | 1.52B |
Intangible Assets | 308.7M | 293.1M | 338.4M | 323.9M | 364.8M | 347.9M | 336.7M | 321.1M | 362.3M | 598.7M |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 76.2M | 92M | 80.9M | 89.1M | 90M | 110.5M | 108.7M | 102.8M | 97M | 79.3M |
Total Assets | 3.2B▲ 0% | 3.07B▼ 3.9% | 3.06B▼ 0.4% | 3.16B▲ 3.4% | 3.47B▲ 9.9% | 3.33B▼ 4.1% | 3.21B▼ 3.6% | 3.24B▲ 0.8% | 3.14B▼ 3.0% | 3.65B▲ 0% |
Asset Turnover | 0.94x | 1.04x | 0.98x | 0.92x | 1.02x | 1.13x | 1.20x | 1.18x | 1.22x | 1.15x |
Asset Growth % | 10.59% | -3.93% | -0.44% | 3.36% | 9.93% | -4.09% | -3.55% | 0.81% | -3% | 10.77% |
Total Current Liabilities | 788.5M | 785.3M | 766.5M | 886.3M | 1.12B | 934.2M | 945.3M | 897.2M | 862.5M | 878.1M |
Accounts Payable | 535M | 543.8M | 509.6M | 595.2M | 745.9M | 625.8M | 600.4M | 588.7M | 504.1M | 0 |
Days Payables Outstanding | 111.08 | 105.44 | 102.65 | 121.56 | 122.2 | 94.22 | 92.54 | 90.97 | 78.54 | 60.49 |
Short-Term Debt | 7.5M | 0 | 6.8M | 6.8M | 6.8M | 10M | 10M | 10M | 42.3M | 41.6M |
Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 155.2M | 162.1M | 41.8M | 47.8M | 70.9M | 63.6M | 65.3M | 67M | 75M | 836.5M |
Current Ratio | 2.24x | 2.09x | 1.96x | 1.83x | 1.57x | 1.75x | 1.59x | 1.55x | 1.50x | 1.56x |
Quick Ratio | 1.87x | 1.70x | 1.56x | 1.49x | 1.17x | 1.20x | 1.06x | 0.96x | 0.94x | 1.00x |
Cash Conversion Cycle | 22.27 | 27.75 | 30.28 | 13.48 | 16.58 | 40.04 | 40.59 | 43.01 | 51.63 | 76.02 |
Total Non-Current Liabilities | 760M | 569.2M | 624.7M | 426.1M | 523.4M | 650.4M | 424.2M | 459.3M | 422.3M | 614.9M |
Long-Term Debt | 402.9M | 221.4M | 277.2M | 106.4M | 189.9M | 334.5M | 117.3M | 183.2M | 112.7M | 614.9M |
Capital Lease Obligations | 0 | 0 | 38.7M | 34.4M | 22.3M | 22.4M | 27.9M | 23.5M | 37.1M | 100.9M |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 357.1M | 347.8M | 308.8M | 285.3M | 311.2M | 293.5M | 279M | 252.6M | 272.5M | 279.4M |
Total Liabilities | 1.55B | 1.35B | 1.39B | 1.31B | 1.64B | 1.58B | 1.37B | 1.36B | 1.28B | 1.49B |
Total Debt | 410.4M | 221.4M | 322.7M | 147.6M | 219M | 366.9M | 155.2M | 216.7M | 192.1M | 656.5M |
Net Debt | 63.8M | -38.3M | -51.3M | -425.5M | -224.3M | -24.3M | -184.7M | -22.9M | 17.6M | 471.3M |
Debt / Equity | 0.25x | 0.13x | 0.19x | 0.08x | 0.12x | 0.21x | 0.08x | 0.12x | 0.10x | 0.30x |
Debt / EBITDA | 0.69x | 0.36x | 0.59x | 0.28x | 0.32x | 0.50x | 0.19x | 0.27x | 0.24x | 0.83x |
Net Debt / EBITDA | 0.11x | -0.06x | -0.09x | -0.81x | -0.33x | -0.03x | -0.22x | -0.03x | 0.02x | 0.59x |
Interest Coverage | 52.56x | 67.40x | 43.92x | 61.81x | 146.49x | 24.80x | 62.13x | 105.63x | 54.03x | 39.95x |
Total Equity | 1.65B▲ 0% | 1.72B▲ 4.1% | 1.67B▼ 2.9% | 1.85B▲ 10.9% | 1.83B▼ 0.9% | 1.75B▼ 4.6% | 1.84B▲ 5.5% | 1.88B▲ 2.1% | 1.86B▼ 1.4% | 2.16B▲ 0% |
Equity Growth % | 8.81% | 4.14% | -2.92% | 10.89% | -0.87% | -4.61% | 5.53% | 2.12% | -1.35% | 7.73% |
Book Value per Share | 9.44 | 9.97 | 10.00 | 11.37 | 11.36 | 11.22 | 12.21 | 12.81 | 13.28 | 15.50 |
Total Shareholders' Equity | 1.65B | 1.72B | 1.67B | 1.85B | 1.83B | 1.75B | 1.84B | 1.88B | 1.86B | 2.16B |
Common Stock | 295.7M | 295.5M | 295.4M | 295.4M | 295.2M | 294.9M | 294.8M | 294.8M | 294.7M | 130M |
Retained Earnings | 1.79B | 2.1B | 2.32B | 2.51B | 2.83B | 2.88B | 3.26B | 3.6B | 3.95B | 4.02B |
Treasury Stock | -626.5M | -827.2M | -1.11B | -1.16B | -1.5B | -1.91B | -2.2B | -2.5B | -2.9B | 0 |
Accumulated OCI | -299.5M | -350.8M | -348.3M | -321.2M | -331.4M | -82.4M | -84.2M | -111.9M | -98.6M | -100.7M |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
AOS Cash Flow Statement
A. O. Smith Corporation (AOS) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 326.4M | 448.9M | 456.2M | 562.1M | 641.1M | 391.4M | 670.3M | 581.8M | 616.8M | 707.5M |
Operating CF Margin % | 10.89% | 14.08% | 15.24% | 19.41% | 18.12% | 10.43% | 17.4% | 15.24% | 16.1% | - |
Operating CF Growth % | -26.91% | 37.53% | 1.63% | 23.21% | 14.05% | -38.95% | 71.26% | -13.2% | 6.02% | 390.46% |
Net Income | 296.5M | 444.2M | 370M | 344.9M | 487.1M | 235.7M | 556.6M | 533.6M | 546.2M | 527.6M |
Depreciation & Amortization | 70.1M | 71.9M | 78.3M | 80M | 77.9M | 76.9M | 78.3M | 78.8M | 85.1M | 88.3M |
Stock-Based Compensation | 9.9M | 10.1M | 13.3M | 12.7M | 11.9M | 11.1M | 11.5M | 14.9M | 13.8M | 14.3M |
Deferred Taxes | 81.8M | 0 | -136.6M | -79.7M | -159.8M | -167.7M | -3.6M | -4.6M | 8.9M | 32.2M |
Other Non-Cash Items | -81.8M | 0 | 136.6M | 79.7M | 159.8M | 417.3M | 14.7M | 4.7M | 0 | -37.4M |
Working Capital Changes | -50.1M | -77.3M | -5.4M | 124.5M | 64.2M | -181.9M | 12.8M | -45.6M | -37.2M | 82.5M |
Change in Receivables | -75.8M | -54.6M | 29.1M | 4.5M | -25.5M | 42.5M | -16.4M | 49M | -36.4M | 0 |
Change in Inventory | -37.5M | -7.7M | 6.3M | 2.9M | -109.5M | -82.8M | 18.1M | -40.5M | 56.9M | 0 |
Change in Payables | -5.1M | 8.8M | -35.4M | 85.6M | 142.9M | -89.4M | -21.4M | -5.9M | -97.9M | 0 |
Cash from Investing | -158.1M | -12.7M | 33.9M | 11.8M | -349.9M | 8.1M | -24.1M | -267.1M | -53M | -522.7M |
Capital Expenditures | -94.2M | -85.2M | -64.4M | -56.8M | -75.1M | -70.3M | -72.6M | -108M | -70.8M | -60M |
CapEx % of Revenue | 3.14% | 2.67% | 2.15% | 1.96% | 2.12% | 1.87% | 1.88% | 2.83% | 1.85% | 1.57% |
Acquisitions | -43.1M | 85.2M | -107M | 56.8M | -207.6M | -8M | -16.8M | -145.9M | 0 | -470M |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 0 | -85.2M | 0 | -56.8M | 0 | 0 | 0 | 0 | 0 | 0 |
Cash from Financing | -152.1M | -523.1M | -375.8M | -374.8M | -421M | -430.8M | -684.7M | -408.4M | -633.1M | -176.7M |
Debt Issued (Net) | 86.5M | -189M | 62.6M | -170.8M | 83.5M | 150.6M | -218.1M | 69.7M | -37.6M | -114.1M |
Equity Issued (Net) | -139.1M | -202.6M | -287.7M | -56.7M | -366.5M | -403.5M | -306.5M | -305.8M | -399.8M | -279.2M |
Dividends Paid | -96.9M | -130.1M | -149.2M | -158.7M | -170.1M | -177.2M | -183.5M | -190.4M | -195.7M | -196.7M |
Share Repurchases | -139.1M | -202.6M | -287.7M | -56.7M | -366.5M | -403.5M | -306.5M | -305.8M | -400.8M | -331.5M |
Other Financing | -2.6M | -1.4M | -1.5M | 11.4M | 32.1M | -700K | 23.4M | 18.1M | 0 | 413.3M |
Net Change in Cash | 16.2M▲ 0% | -86.9M▼ 636.4% | 114.3M▲ 231.5% | 199.1M▲ 74.2% | -129.8M▼ 165.2% | -52.1M▲ 59.9% | -51.3M▲ 1.5% | -100.3M▼ 95.5% | -65.1M▲ 35.1% | 12.2M▲ 0% |
Free Cash Flow | 232.2M▲ 0% | 363.7M▲ 56.6% | 391.8M▲ 7.7% | 505.3M▲ 29.0% | 566M▲ 12.0% | 321.1M▼ 43.3% | 597.7M▲ 86.1% | 473.8M▼ 20.7% | 546M▲ 15.2% | 647.5M▲ 0% |
FCF Margin % | 7.75% | 11.41% | 13.09% | 17.45% | 15.99% | 8.55% | 15.51% | 12.41% | 14.26% | 16.99% |
FCF Growth % | -36.54% | 56.63% | 7.73% | 28.97% | 12.01% | -43.27% | 86.14% | -20.73% | 15.24% | 59.25% |
FCF per Share | 1.33 | 2.11 | 2.35 | 3.11 | 3.51 | 2.06 | 3.96 | 3.22 | 3.90 | 4.65 |
FCF Conversion (FCF/Net Income) | 1.10x | 1.01x | 1.23x | 1.63x | 1.32x | 1.66x | 1.20x | 1.09x | 1.13x | 1.23x |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
AOS Key Ratios
A. O. Smith Corporation (AOS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 18.74% | 26.39% | 21.87% | 19.62% | 26.47% | 13.17% | 30.99% | 28.63% | 29.2% | 27.39% |
Return on Invested Capital (ROIC) | 24.24% | 24.4% | 21.26% | 22.03% | 30.17% | 29.66% | 33.58% | 30.54% | 29.23% | 25.2% |
Gross Margin | 41.34% | 40.95% | 39.45% | 38.28% | 37.04% | 35.42% | 38.54% | 38.14% | 38.83% | 38.77% |
Net Margin | 9.89% | 13.93% | 12.36% | 11.91% | 13.76% | 6.28% | 14.45% | 13.98% | 14.26% | 13.84% |
Debt / Equity | 0.25x | 0.13x | 0.19x | 0.08x | 0.12x | 0.21x | 0.08x | 0.12x | 0.10x | 0.30x |
Interest Coverage | 52.56x | 67.40x | 43.92x | 61.81x | 146.49x | 24.80x | 62.13x | 105.63x | 54.03x | 39.95x |
FCF Conversion | 1.10x | 1.01x | 1.23x | 1.63x | 1.32x | 1.66x | 1.20x | 1.09x | 1.13x | 1.23x |
Revenue Growth | 11.57% | 6.38% | -6.12% | -3.25% | 22.23% | 6.08% | 2.63% | -0.9% | 0.32% | 0.23% |
Related:AOS Dividend History·AOS Revenue History·AOS Price History·AOS P/E History·AOS Financial Ratios·AOS Institutional Holders
AOS SEC Filings & Documents
A. O. Smith Corporation (AOS) SEC filings — annual & quarterly reports (10-K, 10-Q)
AOS Frequently Asked Questions
A. O. Smith Corporation (AOS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
A. O. Smith Corporation (AOS) reported $3.81B in revenue for fiscal year 2025. This represents a 388% increase from $781.2M in 1996.
A. O. Smith Corporation (AOS) grew revenue by 0.3% over the past year. Growth has been modest.
Yes, A. O. Smith Corporation (AOS) is profitable, generating $527.6M in net income for fiscal year 2025 (14.3% net margin).
Dividend & Returns
Yes, A. O. Smith Corporation (AOS) pays a dividend with a yield of 2.40%. This makes it attractive for income-focused investors.
A. O. Smith Corporation (AOS) has a return on equity (ROE) of 29.2%. This is excellent, indicating efficient use of shareholder capital.
A. O. Smith Corporation (AOS) generated $647.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.