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

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

27 accounts · 5 years

Total assets $3.1B

Total liabilities $1.3B

Shareholders equity $1.9B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	-20.8%	-18.5%	-12.4%	-11.8%	—
Short Term Investments	-43.8%	-42.1%	-64.7%	-51.8%	—
Accounts Receivable	-2.1%	-5.1%	-3.1%	-8.4%	—
Inventory	+1.7%	+5.9%	+5.4%	+15.3%	—
Other Current Assets	-1.6%	+3.5%	+5.5%	+38.9%	—
Total Current Assets	-7.3%	-7.4%	-7.5%	-6.8%	—
Property,Plant and Equipment	+1.2%	+1.2%	-0.8%	-2.6%	—
Operating Lease Assets	+9.3%	+0.3%	+7.1%	-8.3%	—
Goodwill	+3.1%	+6.7%	+0.4%	-1.3%	—
Intangible Assets	-0.2%	-4.2%	-3.9%	-4.6%	—
Other Noncurrent Assets	+1.9%	+4.5%	+9.9%	+22.8%	—
Total Assets	-2.5%	-2.3%	-3.8%	-4.1%	—
Liabilities
Accounts Payable	-9.3%	-7.6%	-10.3%	-16.1%	—
Accrued Liabilities	-3.6%	-6.6%	-4.4%	-18.5%	—
Current Portion of Long Term Debt	+57.9%	+13.7%	+21.3%	+47.1%	—
Total Current Liabilities	-6.3%	-7.1%	-8.1%	-16.5%	—
Long Term Debt	-12.2%	-1.2%	-21.4%	+76.1%	—
Operating Lease Liabilities Noncurrent	+13.6%	+1.8%	+11.9%	+0.4%	—
Other Noncurrent Liabilities	-3.3%	-6.7%	-5.3%	-5.7%	—
Total Liabilities	-6.0%	-6.2%	-8.7%	-3.5%	—
Equity
Preferred Stock	—	—	—	—	—
Additional Paid In Capital	+3.0%	+3.3%	+3.0%	+2.0%	—
Retained Earnings	+8.7%	+8.4%	+7.4%	+2.1%	—
Treasury Stock	+17.9%	+18.5%	+21.0%	+26.8%	—
Accumulated Other Comprehensive Income	—	—	—	—	—
Total Stockholders Equity	+0.4%	+0.9%	+0.3%	-4.6%	—
Total Liabilitiesand Equity	-2.5%	-2.3%	-3.8%	-4.1%	—

Income Statement

Revenue, expense, and profitability

13 accounts · 5 years

Revenue $3.8B

Operating income Not reported

Net income $546.2M

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	+2.0%	+2.6%	+4.3%	+6.1%	—
Expenses Cost of Revenue	+1.3%	+2.0%	+3.1%	+8.8%	—
Other Income Expense Gross Profit	+3.2%	+3.6%	+6.4%	+1.4%	—
Expenses Selling,General and Administrative	+2.0%	+1.8%	+1.8%	-4.3%	—
Expenses Restructuring and Asset Impairment	—	—	—	—	—
Other Income Expense Interest Expense	+33.1%	+15.9%	+67.1%	+118.6%	—
Other Income Expense Other Income/expense	-58.6%	-25.3%	-41.8%	—	—
Other Income Expense Income Before Tax	+3.4%	+3.9%	+8.3%	-64.2%	—
Income Tax Income Tax Expense	+5.1%	+6.5%	+13.0%	—	—
net Income net Income	+2.9%	+3.1%	+6.9%	-51.6%	—
net Income Comprehensive Income	+4.1%	+2.0%	+7.9%	+1.6%	—
Earnings Per Share Basic Eps	+6.1%	+6.2%	+10.3%	-50.2%	—
Earnings Per Share Diluted Eps	+6.3%	+6.3%	+10.5%	-50.0%	—

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 5 years

Operating cash flow $616.8M

Investing cash flow $-53.0M

Financing cash flow $-633.1M

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	+2.9%	+3.1%	+6.9%	-51.6%	—
Operating Activities Depreciation and Amortization	+2.2%	+0.4%	+0.3%	-1.3%	—
Operating Activities Stock Based Compensation	+3.8%	+7.8%	-1.7%	-6.7%	—
Operating Activities Deferred Income Taxes	—	—	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	—	—	-55.3%	—	—
Operating Activities Other Non Cash Items	—	—	—	—	—
Operating Activities net Cash From Operating Activities	-1.0%	-3.2%	+2.3%	-38.9%	—
Investing Activities Capital Expenditures	—	—	—	—	—
Investing Activities Business Acquisitions	—	—	—	—	—
Investing Activities Purchases of Investments	—	—	—	—	—
Investing Activities Proceeds From Sale of Investments	-15.4%	-20.0%	+4.2%	+50.6%	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—
Financing Activities Proceeds From Debt	—	—	—	—	—
Financing Activities Repayment of Debt	—	—	—	+80.4%	—
Financing Activities Repurchase of Common Stock	—	—	—	—	—
Financing Activities Dividends Paid	—	—	—	—	—
Financing Activities Other Financing Activities	-58.0%	-17.4%	-14.6%	—	—
Financing Activities net Cash From Financing Activities	—	—	—	—	—
Cash Reconciliation Effect of Exchange Rate On Cash	—	—	—	—	—
Cash Reconciliation net Change In Cash	—	—	—	—	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+38.8%	+38.1%	+38.5%	+35.4%	+37.0%
Operating margin	—	—	—	—	—
Net margin	+14.3%	+14.0%	+14.4%	+6.3%	+13.8%
FCF margin	+14.3%	+12.4%	+15.5%	+8.6%	+16.0%
Growth
Revenue CAGR (3y)	+0.7%	+2.6%	+10.0%	+7.8%	+3.5%
Returns
ROE	+29.4%	+28.3%	+30.2%	+13.5%	+26.6%
ROA	+17.4%	+16.5%	+17.3%	+7.1%	+14.0%
ROIC	—	—	—	—	—
Liquidity
Current ratio	1.50x	1.55x	1.59x	1.75x	1.57x
Quick ratio	0.88x	0.87x	0.99x	1.04x	0.96x
Leverage
D/E	0.69x	0.72x	0.74x	0.91x	0.90x
Interest coverage	—	—	—	—	—
Efficiency
Asset turnover	1.22x	1.18x	1.20x	1.13x	1.02x
Cash conversion cycle	+52d	+43d	+41d	+40d	+17d

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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