A. O. Smith (AOS) is trading down at $55.34 (-2.75%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Industrials sector.
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $2.69B | $3.00B | $3.19B | $2.99B | $2.90B | $3.54B | $3.75B | $3.85B | $3.82B | $3.83B |
| Growth (year over year) | +5.9% | +11.6% | +6.4% | −6.1% | −3.3% | +22.2% | +6.1% | +2.6% | −0.9% | +0.3% |
| Gross profit | $1.11B | $1.23B | $1.31B | $1.18B | $1.11B | $1.31B | $1.33B | $1.48B | $1.46B | $1.49B |
| Gross margin | 41.5% | 41.1% | 41.0% | 39.5% | 38.3% | 37.0% | 35.4% | 38.5% | 38.1% | 38.8% |
| Operating income | $515.0M | $577.9M | $613.4M | $529.1M | $503.2M | $682.0M | $362.0M | $745.5M | $707.7M | $728.6M |
| Operating margin | 19.2% | 19.3% | 19.2% | 17.7% | 17.4% | 19.3% | 9.6% | 19.3% | 18.5% | 19.0% |
| Net income | $326.5M | $296.5M | $444.2M | $370.0M | $344.9M | $487.1M | $235.7M | $556.6M | $533.6M | $546.2M |
| Net margin | 12.2% | 9.9% | 13.9% | 12.4% | 11.9% | 13.8% | 6.3% | 14.4% | 14.0% | 14.3% |
| EPS (diluted) | $1.85 | $1.70 | $2.58 | $2.22 | $2.12 | $3.02 | $1.51 | $3.69 | $3.63 | $3.85 |
| Balance sheet | ||||||||||
| Cash and equivalents | $330.4M | $346.6M | $259.7M | $374.0M | $573.1M | $443.3M | $391.2M | $339.9M | $239.6M | $174.5M |
| Total assets | $2.89B | $3.20B | $3.07B | $3.06B | $3.16B | $3.47B | $3.33B | $3.21B | $3.24B | $3.14B |
| Total liabilities | $1.38B | $1.55B | $1.35B | $1.39B | $1.31B | $1.64B | $1.58B | $1.37B | $1.36B | $1.28B |
| Long-term debt | $316.4M | $402.9M | $221.4M | $277.2M | $106.4M | $189.9M | $334.5M | $117.3M | $183.2M | $112.7M |
| Shareholders' equity | $1.51B | $1.64B | $1.72B | $1.67B | $1.85B | $1.83B | $1.75B | $1.84B | $1.88B | $1.86B |
| Cash flow | ||||||||||
| Operating cash flow | $446.6M | $326.4M | $448.9M | $456.2M | $562.1M | $641.1M | $391.4M | $670.3M | $581.8M | $616.8M |
| Capital expenditure | $80.7M | $94.2M | $85.2M | $64.4M | $56.8M | $75.1M | $70.3M | $72.6M | $108.0M | $70.8M |
| Free cash flow | $365.9M | $232.2M | $363.7M | $391.8M | $505.3M | $566.0M | $321.1M | $597.7M | $473.8M | $546.0M |
| Dividends paid | $84.2M | $96.9M | $130.1M | $149.2M | $158.7M | $170.1M | $177.2M | $183.5M | $190.4M | $195.7M |
| Share buybacks | $135.2M | $139.1M | $202.6M | $287.7M | $56.7M | $366.5M | $403.5M | $306.5M | $305.8M | $400.8M |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $902.6M | $912.4M | $963.9M | $1.01B | $942.5M | $912.5M | $945.6M | $1.00B |
| Growth (year over year) | −3.7% | −7.7% | −1.5% | −1.3% | +4.4% | +0.0% | −1.9% | −0.7% |
| Gross profit | $337.3M | $338.1M | $375.4M | $397.1M | $364.5M | $350.4M | $365.7M | $387.8M |
| Gross margin | 37.4% | 37.1% | 38.9% | 39.3% | 38.7% | 38.4% | 38.7% | 38.6% |
| Operating income | $158.1M | $147.5M | $184.0M | $206.2M | $175.4M | $163.0M | $161.8M | $166.1M |
| Operating margin | 17.5% | 16.2% | 19.1% | 20.4% | 18.6% | 17.9% | 17.1% | 16.5% |
| Net income | $120.1M | $109.7M | $136.6M | $152.2M | $132.0M | $125.4M | $118.0M | $124.9M |
| Net margin | 13.3% | 12.0% | 14.2% | 15.0% | 14.0% | 13.7% | 12.5% | 12.4% |
| EPS (diluted) | $0.82 | $0.75 | $0.95 | $1.07 | $0.94 | $0.89 | $0.85 | $0.91 |
| Balance sheet | ||||||||
| Cash and equivalents | $219.3M | $239.6M | $173.0M | $177.9M | $152.7M | $174.5M | $185.2M | $181.3M |
| Total assets | $3.15B | $3.24B | $3.27B | $3.25B | $3.17B | $3.14B | $3.65B | $3.64B |
| Total liabilities | $1.24B | $1.36B | $1.41B | $1.40B | $1.33B | $1.28B | $1.77B | $1.80B |
| Long-term debt | $109.7M | $183.2M | $259.8M | $284.2M | $166.8M | $112.7M | $574.2M | $598.0M |
| Shareholders' equity | $1.92B | $1.88B | $1.86B | $1.85B | $1.84B | $1.86B | $1.88B | $1.84B |
| Cash flow | ||||||||
| Operating cash flow | $195.9M | $221.9M | $38.7M | $139.6M | $255.4M | $183.1M | $129.4M | $124.4M |
| Capital expenditure | $32.5M | $30.6M | $21.3M | $17.1M | $14.8M | $17.6M | $10.5M | $10.0M |
| Free cash flow | $163.4M | $191.3M | $17.4M | $122.5M | $240.6M | $165.5M | $118.9M | $114.4M |
| Dividends paid | $46.7M | $49.5M | $49.2M | $48.3M | $47.6M | $50.6M | $50.2M | $49.6M |
| Share buybacks | $83.9M | $68.7M | $120.6M | $130.7M | $84.1M | $65.4M | $51.3M | $111.1M |
From A. O. Smith's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
A. O. Smith Corporation is an American manufacturer of both residential and commercial water heaters and boilers, and the largest manufacturer and marketer of water heaters in North America. It also supplies water treatment and purification products in the Asian market. The company has 27 locations worldwide, including five manufacturing facilities in North America, as well as plants in Bengaluru in India, Nanjing in China and Veldhoven in The Netherlands.
Source: Wikipedia — A. O. Smith
A. O. Smith Stock: Is Wall Street Bullish or Bearish?
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Earnings call transcript: A. O. Smith beats Q2 2026 estimates but stock falls
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