A.O. Smith financials
$58.02−0.62%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.83B | $3.82B | $3.85B | $3.75B | $3.54B | $2.90B | $2.99B | $3.19B | $3.00B | $2.69B |
| Gross profit | $1.49B | $1.46B | $1.48B | $1.33B | $1.31B | $1.11B | $1.18B | $1.31B | $1.23B | $1.11B |
| Gross margin | 38.8% | 38.1% | 38.5% | 35.4% | 37.0% | 38.3% | 39.5% | 41.0% | 41.1% | 41.5% |
| Operating income | $728.0M | $699.2M | $738.6M | $658.7M | $609.5M | $440.2M | $465.1M | $545.0M | $509.6M | $451.7M |
| Net income | $546.2M | $533.6M | $556.6M | $235.7M | $487.1M | $344.9M | $370.0M | $444.2M | $296.5M | $326.5M |
| Net margin | 14.3% | 14.0% | 14.4% | 6.3% | 13.8% | 11.9% | 12.4% | 13.9% | 9.9% | 12.2% |
| Diluted EPS | $3.85 | $3.63 | $3.69 | $1.51 | $3.02 | $2.12 | $2.22 | $2.58 | $1.70 | $1.85 |
| EBITDA | $813.1M | $795.6M | $835.7M | $735.6M | $687.4M | $527.9M | $543.4M | $623.6M | $579.7M | $516.8M |
| Operating cash flow | $616.8M | $581.8M | $670.3M | $391.4M | $641.1M | $562.1M | $456.2M | $448.9M | $326.4M | $446.6M |
| Free cash flow | $546.0M | $473.8M | $597.7M | $321.1M | $566.0M | $505.3M | $391.8M | $363.7M | $232.2M | $365.9M |
| Diluted shares | 141.9M | 147.1M | 151.0M | 155.8M | 161.3M | 162.6M | 166.7M | 172.2M | 174.6M | 176.8M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $174.5M | $239.6M | $339.9M | $391.2M | $443.3M | $573.1M |
| Short-term investments | $18.7M | $36.5M | $23.5M | $90.6M | $188.1M | $116.5M |
| Total debt | $155.0M | $193.2M | $127.3M | $344.5M | $196.7M | $113.2M |
| Total assets | $3.14B | $3.24B | $3.21B | $3.33B | $3.47B | $3.16B |
| Total liabilities | $1.28B | $1.36B | $1.37B | $1.58B | $1.64B | $1.31B |
| Shareholders' equity | $1.86B | $1.88B | $1.84B | $1.75B | $1.83B | $1.85B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology