AOS · Smith A O Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $945.60M | - | $942.50M | $1.01B | $963.90M | - | $902.60M | $1.02B | $978.80M | - |
| Cost of Revenue | $579.90M | - | $578.00M | $614.20M | $588.50M | - | $565.30M | $628.30M | $594.10M | - |
| Gross Profit | $365.70M | - | $364.50M | $397.10M | $375.40M | - | $337.30M | $396.00M | $384.70M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $203.90M | - | $188.90M | $191.30M | $192.60M | - | $176.60M | $188.50M | $192.20M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $23.90M | - | $20.30M | $19.60M | $20.70M | - | - | - | $19.60M | - |
| Operating Income | $161.80M | - | $175.40M | $206.20M | $184.00M | - | $176.10M | $224.20M | $215.60M | - |
| Interest Expense | $7.10M | - | $3.60M | $4.60M | $2.90M | - | $1.50M | $1.80M | $1.00M | - |
| Income Tax | $36.70M | - | $39.80M | $49.40M | $44.50M | - | $36.50M | $50.40M | $45.10M | - |
| Net Income | $118.00M | - | $132.00M | $152.20M | $136.60M | - | $120.10M | $156.20M | $147.60M | - |
| EPS - Basic | $0.85 | - | $0.94 | $1.07 | $0.95 | - | $0.82 | $1.07 | $1.00 | - |
| EPS - Diluted | $0.85 | - | $0.94 | $1.07 | $0.95 | - | $0.82 | $1.06 | $1.00 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $185.20M | $174.50M | $152.70M | $177.90M | $173.00M | - | $219.30M | $216.10M | $251.60M | $339.90M |
| Accounts Receivable | $634.10M | $582.30M | $589.00M | $640.30M | $641.50M | - | $558.20M | $649.90M | $584.60M | $596.00M |
| Inventory | $488.50M | $479.30M | $507.30M | $519.30M | $532.60M | - | $554.90M | $544.70M | $522.30M | $497.40M |
| Accounts Payable | $543.00M | $504.10M | $521.40M | $521.80M | $541.00M | - | $555.90M | $574.60M | $557.70M | $600.40M |
| Current Assets | $1.37B | $1.29B | $1.32B | $1.39B | $1.39B | - | $1.41B | $1.48B | $1.46B | $1.50B |
| Total Assets | $3.65B | $3.14B | $3.17B | $3.25B | $3.24B | - | $3.15B | $3.20B | $3.18B | $3.21B |
| Current Liabilities | $878.10M | $862.50M | $852.50M | $843.00M | $897.20M | - | $844.20M | $872.40M | $883.40M | $945.30M |
| Long-term Debt | $574.20M | $112.70M | $166.80M | $284.20M | $259.80M | $193.20M | $109.70M | $130.40M | $109.70M | $117.30M |
| Total Liabilities | $1.77B | $1.28B | $1.33B | $1.40B | $1.36B | - | $1.24B | $1.29B | $1.30B | $1.37B |
| Stockholders' Equity | $1.88B | $1.86B | $1.84B | $1.85B | $1.88B | - | $1.92B | $1.91B | $1.88B | $1.84B |
| Retained Earnings | $4.02B | $3.95B | $3.88B | $3.79B | $3.69B | - | $3.54B | $3.47B | $3.36B | $3.26B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $129.40M | - | - | - | $38.70M | - | - | - | $106.60M | - |
| Investing Cash Flow | ($480.50M) | - | - | - | ($10.80M) | - | - | - | ($71.20M) | - |
| Financing Cash Flow | $361.30M | - | - | - | ($95.10M) | - | - | - | ($120.60M) | - |
| CapEx | $10.50M | - | $14.80M | $22.90M | $21.30M | - | - | - | $22.00M | - |
| Free Cash Flow | $118.90M | - | - | - | $17.40M | - | - | - | $84.60M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 38.7% | - | 38.7% | 39.3% | 38.9% | - | 37.4% | 38.7% | 39.3% | - |
| Operating margin | 17.1% | - | 18.6% | 20.4% | 19.1% | - | 19.5% | 21.9% | 22.0% | - |
| EBITDA margin | 19.6% | - | 20.8% | 22.3% | 21.2% | - | - | - | 24.0% | - |
| Net margin | 12.5% | - | 14.0% | 15.0% | 14.2% | - | 13.3% | 15.2% | 15.1% | - |
| Free cash flow margin | 12.6% | - | - | - | 1.8% | - | - | - | 8.6% | - |
| FCF / Net income | 1.01 | - | - | - | 0.13 | - | - | - | 0.57 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 21.6% | - | 20.0% | 18.9% | 20.0% | - | 19.6% | 18.4% | 19.6% | - |
| Effective tax rate | 23.7% | - | 23.2% | 24.5% | 24.6% | - | 23.3% | 24.4% | 23.4% | - |
| Return on assets | 3.2% | - | 4.2% | 4.7% | 4.2% | - | 3.8% | 4.9% | 4.6% | - |
| Return on equity | 6.3% | - | 7.2% | 8.2% | 7.3% | - | 6.3% | 8.2% | 7.8% | - |
| Return on invested capital | 5.0% | - | 6.7% | 7.3% | 6.5% | - | 6.7% | 8.3% | 8.3% | - |
| Liquidity | ||||||||||
| Current ratio | 1.56 | 1.50 | 1.54 | 1.65 | 1.55 | - | 1.67 | 1.70 | 1.65 | 1.59 |
| Quick ratio | 1.00 | 0.94 | 0.95 | 1.03 | 0.96 | - | 1.02 | 1.07 | 1.06 | 1.06 |
| Cash ratio | 0.21 | 0.20 | 0.18 | 0.21 | 0.19 | - | 0.26 | 0.25 | 0.28 | 0.36 |
| Leverage | ||||||||||
| Debt / Equity | 0.31 | 0.06 | 0.09 | 0.15 | 0.14 | - | 0.06 | 0.07 | 0.06 | 0.06 |
| Debt / Assets | 0.16 | 0.04 | 0.05 | 0.09 | 0.08 | - | 0.03 | 0.04 | 0.03 | 0.04 |
| Debt / EBITDA | 3.09 | - | 0.85 | 1.26 | 1.27 | - | - | - | 0.47 | - |
| Interest coverage | 22.8x | - | 48.7x | 44.8x | 63.4x | - | 117.4x | 124.6x | 215.6x | - |
| Equity multiplier | 1.94 | 1.69 | 1.72 | 1.76 | 1.72 | - | 1.65 | 1.67 | 1.69 | 1.74 |
| Liabilities / Assets | 0.49 | 0.41 | 0.42 | 0.43 | 0.42 | - | 0.39 | 0.40 | 0.41 | 0.43 |
| Efficiency | ||||||||||
| Asset turnover | 0.26 | - | 0.30 | 0.31 | 0.30 | - | 0.29 | 0.32 | 0.31 | - |
| Inventory turnover | 1.19 | - | 1.14 | 1.18 | 1.10 | - | 1.02 | 1.15 | 1.14 | - |
| Days sales outstanding | 245d | - | 228d | 231d | 243d | - | 226d | 232d | 218d | - |
| Days inventory outstanding | 307d | - | 320d | 309d | 330d | - | 358d | 316d | 321d | - |
| Days payable outstanding | 342d | - | 329d | 310d | 336d | - | 359d | 334d | 343d | - |
| Cash conversion cycle | 210d | - | 219d | 230d | 238d | - | 225d | 214d | 196d | - |
| Valuation | ||||||||||
| P / E | 77.6x | - | 78.1x | 61.3x | 68.8x | - | 109.5x | 77.2x | 89.5x | - |
| P / B | 4.9x | - | 5.6x | 5.1x | 5.0x | - | 6.9x | 6.3x | 7.1x | - |
| P / S | 9.7x | - | 11.0x | 9.2x | 9.8x | - | 14.6x | 11.8x | 13.6x | - |
| EV / EBITDA | 51.5x | - | 52.9x | 41.8x | 46.5x | - | - | - | 55.8x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -1.9% | - | 4.4% | -1.3% | -1.5% | - | -3.7% | 6.6% | 1.3% | - |
| Revenue CAGR (3y) | -0.7% | - | 2.5% | 1.5% | -0.5% | - | -0.4% | 6.0% | 8.4% | - |
| Revenue CAGR (5y) | 4.2% | - | 4.4% | 8.8% | 8.6% | - | 4.4% | 6.0% | 5.5% | - |
| Gross profit growth (YoY) | -2.6% | - | 8.1% | 0.3% | -2.4% | - | -5.3% | 2.9% | 2.8% | - |
| Operating income growth (YoY) | -12.1% | - | -0.4% | -8.0% | -14.7% | - | -8.9% | -1.4% | 11.2% | - |
| Net income growth (YoY) | -13.6% | - | 9.9% | -2.6% | -7.5% | - | -11.3% | -0.5% | 16.3% | - |
| EPS growth (YoY) | -10.5% | - | 14.6% | 0.9% | -5.0% | - | -8.9% | 1.9% | 19.0% | - |
| EPS CAGR (3y) | 0.4% | - | 9.8% | 9.7% | 7.7% | - | 0.0% | 13.2% | 18.6% | - |
| EPS CAGR (5y) | 7.2% | - | 7.7% | 20.6% | 24.3% | - | 9.1% | 11.7% | 13.5% | - |
| FCF growth (YoY) | 583.3% | - | - | - | -79.4% | - | - | - | -22.5% | - |
| FCF CAGR (5y) | 6.4% | - | - | - | -15.9% | - | - | - | 30.6% | - |
| Book value growth (YoY) | -0.3% | - | -3.8% | -3.4% | 0.1% | - | 1.8% | 1.2% | 5.1% | 5.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$7.69B totalReportable Segments$3.83B · 49.8%
North America Segment$2.98B · 38.8%
Rest Of World$880.40M · 11.4%
Product / service
$2.98B totalWater Heaters And Related Parts$2.46B · 82.4%
Boilers And Related Parts$281.00M · 9.4%
Water Treatment Products$243.10M · 8.1%
Geographic
$4.04B totalUS$2.62B · 64.9%
CN$689.50M · 17.1%
CA$326.50M · 8.1%
Other Foreign$211.80M · 5.2%
All Other Rest Of World$190.90M · 4.7%
Peer comparison
Same SIC group: Household Appliances
Comparing SMITH A O CORP against the 5 most active filers in the same SIC group.
Dividends
$1.42/share trailing 12 months · +6.0% YoY
| Ex-date | Per share |
|---|---|
| Apr 30, 2026 | $0.3600 |
| Jan 30, 2026 | $0.3600 |
| Oct 31, 2025 | $0.3600 |
| Jul 31, 2025 | $0.3400 |
| Apr 30, 2025 | $0.3400 |
| Jan 31, 2025 | $0.3400 |
| Oct 31, 2024 | $0.3400 |
| Jul 31, 2024 | $0.3200 |
| Apr 29, 2024 | $0.3200 |
| Jan 30, 2024 | $0.3200 |
| Oct 30, 2023 | $0.3200 |
| Jul 28, 2023 | $0.3000 |
| Apr 27, 2023 | $0.3000 |
| Jan 30, 2023 | $0.3000 |
| Oct 28, 2022 | $0.3000 |
| Jul 28, 2022 | $0.2800 |
| Apr 28, 2022 | $0.2800 |
| Jan 28, 2022 | $0.2800 |
| Oct 28, 2021 | $0.2800 |
| Jul 29, 2021 | $0.2600 |
| Apr 29, 2021 | $0.2600 |
| Jan 28, 2021 | $0.2600 |
| Oct 29, 2020 | $0.2600 |
| Jul 30, 2020 | $0.2400 |