AOS
A. O. SmithStock · IndustrialsS&P 500 Equal Weight 0.2% · S&P 500 0.01% · Russell 1000 0.01% · Russell 3000 0.01% · US Stock Market 0.010%$56.95+0.04%
as of market close, Sep 18, 2026
☾ AH $56.95 +0.00%
AOS financial statements
The full income statement, balance sheet, and cash-flow statement for A. O. Smith (AOS), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 145.8M2024-09 145.0M2024-12 144.0M2025-03 142.1M2025-06 140.1M2025-09 139.2M2025-12 138.3M2026-03 137.8M2026-06 135.9M-6.8% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 3.83B+0.3% | 3.82B-0.9% | 3.85B+2.6% | 3.75B+6.1% | 3.54B+22.2% | |
| 1.49B+2.1% | 1.46B-1.9% | 1.48B+11.7% | 1.33B+1.4% | 1.31B+18.3% | ||
| Cost of revenue | 2.34B-0.8% | 2.36B-0.3% | 2.37B-2.3% | 2.42B+8.8% | 2.23B+24.7% | |
| Research & development | 95.0M-6.6% | 102M+4.3% | 97.5M+9.6% | 89.0M-5.5% | 94.2M+16.7% | |
| Selling, general & administrative | 759M+2.7% | 739M+1.6% | 727M+8.4% | 671M-4.3% | 701M+6.2% | |
| Restructuring | 0.00-100.0% | 17.6M | — | 0.00 | 0.00-100.0% | |
| Amortization of intangibles | 14.8M+16.5% | 12.7M+0.8% | 12.6M-1.6% | 12.8M+4.1% | 12.3M-15.2% | |
| Operating income | 729M+3.0% | 708M-5.1% | 746M+105.9% | 362M-46.9% | 682M+35.5% | |
| Interest expense | 13.5M+101.5% | 6.70M-44.2% | 12.0M+27.7% | 9.40M+118.6% | 4.30M-41.1% | |
| Other non-operating income | 600K-92.9% | 8.50M+23.2% | 6.90M+101.6% | -426M-2186.3% | 20.4M+85.5% | |
| Pre-tax income | 715M+2.0% | 701M-4.4% | 734M+227.9% | 224M-64.2% | 626M+40.9% | |
| Income tax | 169M+0.9% | 167M-5.4% | 177M+1574.2% | -12.0M-108.7% | 139M+39.9% | |
| Net income | 546M+2.4% | 534M-4.1% | 557M+136.1% | 236M-51.6% | 487M+41.2% | |
| $3.85+6.1% | $3.63-1.6% | $3.69+144.4% | $1.51-50.0% | $3.02+42.5% | ||
| EPS (basic) | $3.87+6.0% | $3.65-1.6% | $3.71+144.1% | $1.52-50.2% | $3.05+43.2% | |
| Weighted-avg shares (basic) | 141M-3.4% | 146M-2.6% | 150M-3.1% | 155M-3.2% | 160M-1.0% | |
| Weighted-avg shares (diluted) | 142M-3.5% | 147M-2.6% | 151M-3.1% | 156M-3.4% | 161M-0.8% | |
| Dividends per share | $1.38+6.2% | $1.30+6.6% | $1.22+7.0% | $1.14+7.5% | $1.06+8.2% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.29B-7.3% | 1.39B-7.2% | 1.50B-8.2% | 1.63B-6.8% | 1.75B+8.3% | ||
| Cash & equivalents | 175M-27.2% | 240M-29.5% | 340M-13.1% | 391M-11.8% | 443M-22.6% | |
| Short-term investments | 18.7M-48.8% | 36.5M+55.3% | 23.5M-74.1% | 90.6M-51.8% | 188M+61.5% | |
| Cash & short-term investments | 193M-30.0% | 276M-24.0% | 363M-24.6% | 482M-23.7% | 631M | |
| Accounts receivable | 582M+7.6% | 541M-9.2% | 596M+2.5% | 581M-8.4% | 634M+8.4% | |
| Inventory | 479M-9.9% | 532M+7.0% | 497M-3.7% | 516M+15.3% | 448M+49.2% | |
| Other current assets | 36.7M-15.2% | 43.3M-0.5% | 43.5M-19.9% | 54.3M+38.9% | 39.1M-9.7% | |
| 3.14B-3.0% | 3.24B+0.8% | 3.21B-3.6% | 3.33B-4.1% | 3.47B+9.9% | ||
| Property, plant & equipment | 635M+1.0% | 629M+5.2% | 598M+1.2% | 591M-2.6% | 607M+12.1% | |
| Operating lease right-of-use | 46.3M+41.2% | 32.8M-12.1% | 37.3M+25.2% | 29.8M-8.3% | 32.5M-21.9% | |
| Goodwill | 711M-6.7% | 762M+20.3% | 633M+2.2% | 620M-1.3% | 628M+14.8% | |
| Intangible assets | 362M+12.8% | 321M-4.6% | 337M-3.2% | 348M-4.6% | 365M+12.6% | |
| Other non-current assets | 97.0M-5.6% | 103M-5.4% | 109M-1.6% | 111M+22.8% | 90.0M+1.0% | |
| 863M-3.9% | 897M-5.1% | 945M+1.2% | 934M-16.5% | 1.12B+26.2% | ||
| Accounts payable | 504M-14.4% | 589M-1.9% | 600M-4.1% | 626M-16.1% | 746M+25.3% | |
| Accrued liabilities | 148M-3.6% | 153M-13.8% | 177M+11.5% | 159M-12.5% | 182M+12.3% | |
| Deferred revenue | 34.2M-37.1% | 54.4M-8.9% | 59.7M-30.3% | 85.7M-44.8% | 155M+72.4% | |
| Short-term & current debt | 42.3M+323.0% | 10.0M+0.0% | 10.0M+0.0% | 10.0M+47.1% | 6.80M+0.0% | |
| Current lease liability | 10.8M-4.4% | 11.3M-2.6% | 11.6M+17.2% | 9.90M-15.4% | 11.7M+5.4% | |
| 1.28B-5.3% | 1.36B-0.9% | 1.37B-13.6% | 1.58B-3.5% | 1.64B+25.1% | ||
| Long-term debt | 113M-38.5% | 183M+56.2% | 117M-64.9% | 335M+76.1% | 190M+78.5% | |
| Non-current lease liability | 37.1M+57.9% | 23.5M-15.8% | 27.9M+24.6% | 22.4M+0.4% | 22.3M-35.2% | |
| Operating lease liability (total) | 47.9M+37.6% | 34.8M-11.9% | 39.5M+22.3% | 32.3M-5.0% | 34.0M-25.3% | |
| Other non-current liabilities | 138M+16.6% | 118M-18.9% | 146M-11.5% | 165M-9.4% | 182M+2.6% | |
| 1.86B-1.4% | 1.88B+2.1% | 1.84B+5.5% | 1.75B-4.6% | 1.83B-0.9% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Additional paid-in capital | 614M+2.2% | 601M+4.0% | 578M+4.0% | 556M+2.0% | 545M+4.8% | |
| Retained earnings | 3.95B+9.7% | 3.60B+10.5% | 3.26B+12.9% | 2.88B+2.1% | 2.83B+12.6% | |
| Treasury stock | 2.90B+16.1% | 2.50B+13.6% | 2.20B+15.6% | 1.91B+26.8% | 1.50B+30.1% | |
| Accumulated other comprehensive income | -98.6M+11.9% | -112M-32.9% | -84.2M-2.2% | -82.4M+75.1% | -331M-3.2% | |
| Total liabilities & equity | 3.14B-3.0% | 3.24B+0.8% | 3.21B-3.6% | 3.33B-4.1% | 3.47B+9.9% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 617M+6.0% | 582M-13.2% | 670M+71.3% | 391M-38.9% | 641M+14.1% | ||
| Depreciation & amortization | 85.1M+8.0% | 78.8M+0.6% | 78.3M+1.8% | 76.9M-1.3% | 77.9M-2.6% | |
| Intangible amortization | 14.8M+16.5% | 12.7M+0.8% | 12.6M-1.6% | 12.8M+4.1% | 12.3M-15.2% | |
| Change in receivables | 36.4M+174.3% | -49.0M-398.8% | 16.4M+138.6% | -42.5M-266.7% | 25.5M+666.7% | |
| Change in inventory | -56.9M-240.5% | 40.5M+323.8% | -18.1M-121.9% | 82.8M-24.4% | 110M+3875.9% | |
| Change in payables | -97.9M-1559.3% | -5.90M+72.4% | -21.4M+76.1% | -89.4M-162.6% | 143M+66.9% | |
| -53.0M+80.2% | -267M-1008.3% | -24.1M-397.5% | 8.10M+102.3% | -350M-3065.3% | ||
| Capital expenditure | 70.8M-34.4% | 108M+48.8% | 72.6M+3.3% | 70.3M-6.4% | 75.1M+32.2% | |
| Free cash flow | 546M+15.2% | 474M-20.7% | 598M+86.1% | 321M-43.3% | 566M+12.0% | |
| Acquisitions | 0.00-100.0% | 146M+768.5% | 16.8M+110.0% | 8.00M-96.1% | 208M | |
| -633M-55.0% | -408M+40.4% | -685M-58.9% | -431M-2.3% | -421M-12.3% | ||
| Long-term debt issued | 1.09B-1.2% | 1.10B+59.9% | 688M+356.8% | 151M+80.4% | 83.5M | |
| Long-term debt repaid | 1.12B+9.2% | 1.03B+13.7% | 906M | 0.00 | 0.00-100.0% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 401M+31.1% | 306M-0.2% | 307M-24.0% | 404M+10.1% | 367M+546.4% | |
| Dividends paid | 196M+2.8% | 190M+3.8% | 184M+3.6% | 177M+4.2% | 170M+7.2% | |
| FX effect on cash | 4.20M+163.6% | -6.60M+48.4% | -12.8M+38.5% | -20.8M | 0.00 | |
| Net change in cash | -65.1M+35.1% | -100M-95.5% | -51.3M+1.5% | -52.1M+59.9% | -130M-165.2% | |
| Interest paid | 13.5M+101.5% | 6.70M-45.5% | 12.3M+32.3% | 9.30M+121.4% | 4.20M-44.7% | |
| Income taxes paid | 165M-12.0% | 188M-0.9% | 190M+8.0% | 175M+33.7% | 131M+15.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 9.25B-5.8% | 9.82B-19.9% | 12.3B+40.2% | 8.74B-35.3% | 13.5B+52.3% | |
| P/E | 16.9×-8.0% | 18.4×-55.1% | 41.0×+132.1% | 17.7×-36.4% | 27.7×+7.9% | |
| P/S | 2.4×-6.1% | 2.6×-20.3% | 3.2×+40.7% | 2.3×-39.9% | 3.8×+24.6% | |
| P/B | 5.0×-4.5% | 5.2×-20.0% | 6.5×+30.2% | 5.0×-32.2% | 7.4×+53.7% | |
| P/FCF | 16.9×-18.3% | 20.7×-6.4% | 22.1×+0.9% | 22.0×-8.0% | 23.9×+36.0% | |
| Earnings yield | 5.9%+8.7% | 5.4%+122.7% | 2.4%-56.9% | 5.7%+57.1% | 3.6%-7.3% | |
| FCF yield | 5.9%+22.3% | 4.8%+6.9% | 4.5%-0.9% | 4.6%+8.7% | 4.2%-26.5% | |
| Dividend yield | 2.1%+8.3% | 1.9%+28.8% | 1.5%-25.7% | 2.0%+61.3% | 1.2%-30.9% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: AOS’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all AOS filings on SEC EDGAR → Not investment advice.