A. O. Smith

Industrials Building Products Milwaukee, Wisconsin Last filing Feb 10, 2026 · FY2025

                    Revenue
                    FY2025
                
$3.8B
                    3y CAGR +0.7%
                    
                    P27
                    
                    +0.3%
                    
                    Net income
                    FY2025
                
$546.2M
                    Net margin +14.3%
                    
                    P64
                    
                    +2.4%
                    
                    Total assets
                    FY2025
                
$3.1B
                    ROA +17.4%
                    
                    P91
                    
                    -3.0%
                    
                    Operating cash flow
                    FY2025
                
$616.8M
                    FCF margin +14.3%
                    
                    P59
                    
                    +6.0%

18 yrs · FY2008–FY2025 8 filed · 0 derived · 1 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

27 accounts · 10 years

Total assets $3.1B

Total liabilities $1.3B

Shareholders equity $1.9B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	5.6%	7.4%	10.6%	11.7%	12.8%	18.1%	12.2%	8.5%	10.8%	11.4%
Short Term Investments	0.6%	1.1%	0.7%	2.7%	5.4%	3.7%	5.8%	12.5%	14.8%	14.7%
Accounts Receivable	18.5%	16.7%	18.5%	17.4%	18.3%	18.5%	19.3%	21.1%	18.5%	17.9%
Inventory	15.3%	16.4%	15.5%	15.5%	12.9%	9.5%	9.9%	9.9%	9.3%	8.7%
Other Current Assets	1.2%	1.3%	1.4%	1.6%	1.1%	1.4%	1.8%	1.4%	1.8%	1.3%
Total Current Assets	41.1%	43.0%	46.7%	49.0%	50.4%	51.2%	49.1%	53.3%	55.3%	54.0%
Property,Plant and Equipment	20.2%	19.4%	18.6%	17.7%	17.5%	17.1%	17.8%	17.6%	16.5%	16.0%
Operating Lease Assets	1.5%	1.0%	1.2%	0.9%	0.9%	1.3%	1.5%	—	—	—
Goodwill	22.6%	23.5%	19.7%	18.6%	18.1%	17.3%	17.9%	16.7%	16.2%	17.0%
Intangible Assets	11.5%	9.9%	10.5%	10.4%	10.5%	10.2%	11.1%	9.5%	9.7%	10.7%
Other Noncurrent Assets	3.1%	3.2%	3.4%	3.3%	2.6%	2.8%	2.6%	2.8%	2.4%	2.3%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	16.0%	18.2%	18.7%	18.8%	21.5%	18.8%	16.7%	17.7%	16.7%	18.3%
Accrued Liabilities	10.1%	9.2%	10.4%	9.0%	10.5%	9.0%	8.2%	7.9%	7.9%	7.9%
Current Portion of Long Term Debt	1.3%	0.3%	0.3%	0.3%	0.2%	0.2%	0.2%	0.0%	0.2%	0.2%
Total Current Liabilities	27.4%	27.7%	29.4%	28.0%	32.2%	28.0%	25.1%	25.6%	24.8%	26.5%
Long Term Debt	3.6%	5.7%	3.6%	10.0%	5.5%	3.4%	9.1%	7.2%	12.6%	10.9%
Operating Lease Liabilities Noncurrent	1.2%	0.7%	0.9%	0.7%	0.6%	1.1%	1.3%	—	—	—
Other Noncurrent Liabilities	8.7%	7.8%	8.7%	8.8%	9.0%	9.0%	10.1%	11.3%	11.1%	10.2%
Total Liabilities	40.9%	41.9%	42.6%	47.6%	47.3%	41.5%	45.5%	44.1%	48.6%	47.6%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	—	—
Additional Paid In Capital	19.5%	18.6%	18.0%	16.7%	15.7%	16.5%	16.6%	16.2%	15.2%	16.5%
Retained Earnings	125.7%	111.2%	101.4%	86.6%	81.4%	79.4%	76.0%	68.5%	55.9%	55.1%
Treasury Stock	92.4%	77.2%	68.5%	57.2%	43.3%	36.6%	36.4%	26.9%	19.6%	16.9%
Accumulated Other Comprehensive Income	-3.1%	-3.5%	-2.6%	-2.5%	-9.5%	-10.2%	-11.4%	-11.4%	-9.4%	-12.6%
Total Stockholders Equity	59.1%	58.1%	57.4%	52.4%	52.7%	58.5%	54.5%	55.9%	51.4%	52.4%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

13 accounts · 10 years

Revenue $3.8B

Operating income Not reported

Net income $546.2M

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	121.9%	117.8%	119.9%	112.7%	101.9%	91.6%	97.9%	103.8%	93.7%	92.9%
Expenses Cost of Revenue	74.5%	72.9%	73.7%	72.8%	64.1%	56.5%	59.3%	61.3%	55.2%	54.4%
Other Income Expense Gross Profit	47.3%	44.9%	46.2%	39.9%	37.7%	35.1%	38.6%	42.5%	38.5%	38.5%
Expenses Selling,General and Administrative	24.2%	22.8%	22.6%	20.1%	20.2%	20.9%	23.4%	24.5%	22.6%	22.9%
Expenses Restructuring and Asset Impairment	0.0%	0.5%	0.6%	0.0%	0.0%	0.2%	0.0%	—	—	—
Other Income Expense Interest Expense	0.4%	0.2%	0.4%	0.3%	0.1%	0.2%	0.4%	0.3%	0.3%	0.3%
Other Income Expense Other Income/expense	0.0%	0.3%	0.2%	-12.8%	0.6%	0.3%	0.6%	0.5%	0.7%	0.6%
Other Income Expense Income Before Tax	22.8%	21.6%	22.8%	6.7%	18.0%	14.0%	15.4%	18.2%	16.3%	16.0%
Income Tax Income Tax Expense	5.4%	5.2%	5.5%	-0.4%	4.0%	3.1%	3.3%	3.7%	7.0%	4.7%
net Income net Income	17.4%	16.5%	17.3%	7.1%	14.0%	10.9%	12.1%	14.5%	9.3%	11.3%
net Income Comprehensive Income	17.8%	15.6%	17.3%	14.5%	13.7%	11.8%	12.2%	12.8%	11.3%	9.6%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 10 years

Operating cash flow $616.8M

Investing cash flow $-53.0M

Financing cash flow $-633.1M

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	17.4%	16.5%	17.3%	7.1%	14.0%	10.9%	12.1%	14.5%	9.3%	11.3%
Operating Activities Depreciation and Amortization	2.7%	2.4%	2.4%	2.3%	2.2%	2.5%	2.6%	2.3%	2.2%	2.3%
Operating Activities Stock Based Compensation	0.4%	0.5%	0.4%	0.3%	0.3%	0.4%	0.4%	0.3%	0.3%	0.3%
Operating Activities Deferred Income Taxes	0.3%	-0.1%	-0.1%	0.0%	0.0%	—	—	0.0%	2.6%	0.0%
Operating Activities Changes In Operating Assets and Liabilities	-1.2%	-1.4%	0.4%	-5.5%	1.8%	3.9%	-0.2%	-2.5%	-4.1%	1.6%
Operating Activities Other Non Cash Items	0.0%	0.1%	0.5%	7.5%	0.0%	0.0%	—	—	—	—
Operating Activities net Cash From Operating Activities	19.6%	18.0%	20.9%	11.7%	18.5%	17.8%	14.9%	14.6%	10.2%	15.4%
Investing Activities Capital Expenditures	-2.3%	-3.3%	-2.3%	-2.1%	-2.2%	-1.8%	-2.1%	-2.8%	-2.9%	-2.8%
Investing Activities Business Acquisitions	0.0%	-4.5%	-0.5%	-0.2%	-6.0%	0.0%	-3.5%	0.0%	-1.3%	-3.1%
Investing Activities Purchases of Investments	-1.4%	-2.3%	-2.0%	-2.7%	-5.3%	-5.0%	-8.9%	-17.0%	-18.2%	-19.5%
Investing Activities Proceeds From Sale of Investments	1.9%	1.9%	4.0%	5.3%	3.4%	7.2%	15.6%	19.4%	17.6%	15.1%
Investing Activities net Cash From Investing Activities	-1.7%	-8.2%	-0.7%	0.2%	-10.1%	0.4%	1.1%	-0.4%	-4.9%	-10.4%
Financing Activities Proceeds From Debt	34.6%	34.0%	21.4%	—	—	—	2.0%	—	—	—
Financing Activities Repayment of Debt	-35.8%	-31.8%	-28.2%	4.5%	2.4%	-5.4%	—	-6.2%	2.7%	2.6%
Financing Activities Repurchase of Common Stock	-12.8%	-9.4%	-9.5%	-12.1%	-10.5%	-1.8%	-9.4%	-6.6%	-4.4%	-4.7%
Financing Activities Dividends Paid	-6.2%	-5.9%	-5.7%	-5.3%	-4.9%	-5.0%	-4.9%	-4.2%	-3.0%	-2.9%
Financing Activities Other Financing Activities	0.0%	0.6%	0.7%	-0.0%	0.9%	0.4%	-0.0%	-0.0%	-0.1%	0.2%
Financing Activities net Cash From Financing Activities	-20.1%	-12.6%	-21.3%	-12.9%	-12.1%	-11.9%	-12.3%	-17.0%	-4.8%	-4.8%
Cash Reconciliation Effect of Exchange Rate On Cash	0.1%	-0.2%	-0.4%	-0.6%	0.0%	0.0%	—	—	—	—
Cash Reconciliation net Change In Cash	-2.1%	-3.1%	-1.6%	-1.6%	-3.7%	6.3%	3.7%	-2.8%	0.5%	0.2%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	+38.8%	+38.1%	+38.5%	+35.4%	+37.0%	+38.3%	+39.5%	+41.0%	+41.1%	+41.5%
Operating margin	—	—	—	—	—	—	—	—	—	—
Net margin	+14.3%	+14.0%	+14.4%	+6.3%	+13.8%	+11.9%	+12.4%	+13.9%	+9.9%	+12.2%
FCF margin	+14.3%	+12.4%	+15.5%	+8.6%	+16.0%	+17.5%	+13.1%	+11.4%	+7.7%	+13.6%
Growth
Revenue CAGR (3y)	+0.7%	+2.6%	+10.0%	+7.8%	+3.5%	-1.1%	+3.7%	+7.9%	+8.3%	+7.6%
Returns
ROE	+29.4%	+28.3%	+30.2%	+13.5%	+26.6%	+18.7%	+22.2%	+25.9%	+18.0%	+21.5%
ROA	+17.4%	+16.5%	+17.3%	+7.1%	+14.0%	+10.9%	+12.1%	+14.5%	+9.3%	+11.3%
ROIC	—	—	—	—	—	—	—	—	—	—
Liquidity
Current ratio	1.50x	1.55x	1.59x	1.75x	1.57x	1.83x	1.96x	2.09x	2.23x	2.04x
Quick ratio	0.88x	0.87x	0.99x	1.04x	0.96x	1.31x	1.26x	1.15x	1.18x	1.11x
Leverage
D/E	0.69x	0.72x	0.74x	0.91x	0.90x	0.71x	0.83x	0.79x	0.94x	0.91x
Interest coverage	—	—	—	—	—	—	—	—	—	—
Efficiency
Asset turnover	1.22x	1.18x	1.20x	1.13x	1.02x	0.92x	0.98x	1.04x	0.94x	0.93x
Cash conversion cycle	+52d	+43d	+41d	+40d	+17d	+13d	+30d	+28d	+23d	+6d

Valuation

Price against fundamentals

FY2025 fundamentals · no price

No multiples without a share count — this filer reports no diluted or basic weighted-average shares.

Notes

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