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

Year-over-year change per cell; first column has no prior.

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	-27.2%	-29.5%	-13.1%	-11.8%	-22.6%	+53.2%	+44.0%	-25.1%	+4.9%	—
Short Term Investments	-48.8%	+55.3%	-74.1%	-51.8%	+61.5%	-34.3%	-54.0%	-18.6%	+11.6%	—
Accounts Receivable	+7.6%	-9.2%	+2.5%	-8.4%	+8.4%	-0.8%	-8.9%	+9.2%	+14.3%	—
Inventory	-9.9%	+7.0%	-3.7%	+15.3%	+49.2%	-1.0%	-0.6%	+2.6%	+18.3%	—
Other Current Assets	-15.2%	-0.5%	-19.9%	+38.9%	-9.7%	-23.4%	+36.1%	-27.4%	+52.1%	—
Total Current Assets	-7.3%	-7.2%	-8.2%	-6.8%	+8.3%	+7.8%	-8.4%	-7.3%	+13.1%	—
Property,Plant and Equipment	+1.0%	+5.2%	+1.2%	-2.6%	+12.1%	-0.8%	+1.0%	+2.1%	+14.5%	—
Operating Lease Assets	+41.2%	-12.1%	+25.2%	-8.3%	-21.9%	-11.3%	—	—	—	—
Goodwill	-6.7%	+20.3%	+2.2%	-1.3%	+14.8%	+0.1%	+6.4%	-0.7%	+5.1%	—
Intangible Assets	+12.8%	-4.6%	-3.2%	-4.6%	+12.6%	-4.3%	+15.5%	-5.1%	+0.1%	—
Other Noncurrent Assets	-5.6%	-5.4%	-1.6%	+22.8%	+1.0%	+10.1%	-6.9%	+14.0%	+13.2%	—
Total Assets	-3.0%	+0.8%	-3.6%	-4.1%	+9.9%	+3.4%	-0.4%	-3.9%	+10.6%	—
Liabilities
Accounts Payable	-14.4%	-1.9%	-4.1%	-16.1%	+25.3%	+16.8%	-6.3%	+1.6%	+1.2%	—
Accrued Liabilities	+5.9%	-10.9%	+12.2%	-18.5%	+28.8%	+13.7%	+3.6%	-3.9%	+9.4%	—
Current Portion of Long Term Debt	+323.0%	+0.0%	+0.0%	+47.1%	+0.0%	+0.0%	—	-100.0%	+4.2%	—
Total Current Liabilities	-3.9%	-5.1%	+1.2%	-16.5%	+26.2%	+15.6%	-2.4%	-1.1%	+3.7%	—
Long Term Debt	-38.5%	+56.2%	-64.9%	+76.1%	+78.5%	-61.6%	+25.2%	-45.0%	+27.3%	—
Operating Lease Liabilities Noncurrent	+57.9%	-15.8%	+24.6%	+0.4%	-35.2%	-11.1%	—	—	—	—
Other Noncurrent Liabilities	+7.9%	-9.5%	-4.9%	-5.7%	+9.1%	-7.6%	-11.2%	-2.2%	+21.1%	—
Total Liabilities	-5.3%	-0.9%	-13.6%	-3.5%	+25.1%	-5.7%	+2.7%	-12.8%	+12.9%	—
Equity
Preferred Stock	—	—	—	—	—	—	—	—	—	—
Additional Paid In Capital	+2.2%	+4.0%	+4.0%	+2.0%	+4.8%	+2.2%	+2.5%	+2.1%	+1.9%	—
Retained Earnings	+9.7%	+10.5%	+12.9%	+2.1%	+12.6%	+8.0%	+10.5%	+17.6%	+12.3%	—
Treasury Stock	+16.1%	+13.6%	+15.6%	+26.8%	+30.1%	+3.9%	+34.5%	+32.0%	+28.4%	—
Accumulated Other Comprehensive Income	+11.9%	-32.9%	-2.2%	+75.1%	-3.2%	+7.8%	+0.7%	-17.1%	+17.5%	—
Total Stockholders Equity	-1.4%	+2.1%	+5.5%	-4.6%	-0.9%	+10.9%	-2.9%	+4.4%	+8.6%	—
Total Liabilitiesand Equity	-3.0%	+0.8%	-3.6%	-4.1%	+9.9%	+3.4%	-0.4%	-3.9%	+10.6%	—

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	+0.3%	-0.9%	+2.6%	+6.1%	+22.2%	-3.3%	-6.1%	+6.4%	+11.6%	—
Expenses Cost of Revenue	-0.8%	-0.3%	-2.3%	+8.8%	+24.7%	-1.4%	-3.7%	+6.7%	+12.3%	—
Other Income Expense Gross Profit	+2.1%	-1.9%	+11.7%	+1.4%	+18.3%	-6.1%	-9.6%	+5.9%	+10.6%	—
Expenses Selling,General and Administrative	+2.7%	+1.6%	+8.4%	-4.3%	+6.2%	-7.7%	-5.1%	+4.3%	+9.1%	—
Expenses Restructuring and Asset Impairment	-100.0%	-6.4%	—	—	-100.0%	—	—	—	—	—
Other Income Expense Interest Expense	+101.5%	-44.2%	+27.7%	+118.6%	-41.1%	-33.6%	+31.0%	-16.8%	+38.4%	—
Other Income Expense Other Income/expense	-92.9%	+23.2%	+101.6%	-2186.3%	+85.5%	-38.9%	+24.1%	-31.9%	+17.7%	—
Other Income Expense Income Before Tax	+2.0%	-4.4%	+227.9%	-64.2%	+40.9%	-6.0%	-15.4%	+7.1%	+12.6%	—
Income Tax Income Tax Expense	+0.9%	-5.4%	+1574.2%	-108.7%	+39.9%	-3.0%	-10.1%	-49.4%	+64.9%	—
net Income net Income	+2.4%	-4.1%	+136.1%	-51.6%	+41.2%	-6.8%	-16.7%	+49.8%	-9.2%	—
net Income Comprehensive Income	+10.6%	-8.8%	+14.5%	+1.6%	+28.2%	-0.1%	-5.2%	+9.1%	+30.2%	—
Earnings Per Share Basic Eps	+6.0%	-1.6%	+144.1%	-50.2%	+43.2%	-4.9%	-13.8%	+51.2%	-8.0%	—
Earnings Per Share Diluted Eps	+6.1%	-1.6%	+144.4%	-50.0%	+42.5%	-4.5%	-14.0%	+51.8%	-8.1%	—

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	+2.4%	-4.1%	+136.1%	-51.6%	+41.2%	-6.8%	-16.7%	+49.8%	-9.2%	—
Operating Activities Depreciation and Amortization	+8.0%	+0.6%	+1.8%	-1.3%	-2.6%	+2.2%	+8.9%	+2.6%	+7.7%	—
Operating Activities Stock Based Compensation	-7.4%	+29.6%	+3.6%	-6.7%	-6.3%	-4.5%	+31.7%	+2.0%	+5.3%	—
Operating Activities Deferred Income Taxes	+293.5%	-21.1%	—	—	—	—	—	-100.0%	—	—
Operating Activities Changes In Operating Assets and Liabilities	+18.4%	-456.2%	+107.0%	-383.3%	-48.4%	+2405.6%	+93.0%	+41.4%	-389.3%	—
Operating Activities Other Non Cash Items	-100.0%	-68.5%	-94.0%	—	—	—	—	—	—	—
Operating Activities net Cash From Operating Activities	+6.0%	-13.2%	+71.3%	-38.9%	+14.1%	+23.2%	+1.6%	+37.5%	-26.9%	—
Investing Activities Capital Expenditures	+34.4%	-48.8%	-3.3%	+6.4%	-32.2%	+11.8%	+24.4%	+9.6%	-16.7%	—
Investing Activities Business Acquisitions	+100.0%	-768.5%	-110.0%	+96.1%	—	+100.0%	—	+100.0%	+52.5%	—
Investing Activities Purchases of Investments	+42.1%	-16.8%	+31.1%	+50.6%	-17.8%	+42.3%	+47.9%	+10.3%	-3.5%	—
Investing Activities Proceeds From Sale of Investments	+0.0%	-52.9%	-27.9%	+50.6%	-47.7%	-52.7%	-19.8%	+5.9%	+29.3%	—
Investing Activities net Cash From Investing Activities	+80.2%	-1008.3%	-397.5%	+102.3%	-3065.3%	-65.2%	+366.9%	+92.0%	+47.3%	—
Financing Activities Proceeds From Debt	-1.2%	+59.9%	—	—	—	—	—	—	—	—
Financing Activities Repayment of Debt	-9.2%	-13.7%	-701.7%	+80.4%	+148.9%	—	—	-318.5%	+16.7%	—
Financing Activities Repurchase of Common Stock	-31.1%	+0.2%	+24.0%	-10.1%	-546.4%	+80.3%	-42.0%	-45.7%	-2.9%	—
Financing Activities Dividends Paid	-2.8%	-3.8%	-3.6%	-4.2%	-7.2%	-6.4%	-14.7%	-34.3%	-15.1%	—
Financing Activities Other Financing Activities	-94.5%	-22.6%	+3442.9%	-102.2%	+181.6%	+860.0%	-7.1%	+46.2%	-145.6%	—
Financing Activities net Cash From Financing Activities	-55.0%	+40.4%	-58.9%	-2.3%	-12.3%	+0.3%	+28.2%	-243.9%	-9.0%	—
Cash Reconciliation Effect of Exchange Rate On Cash	+163.6%	+48.4%	+38.5%	—	—	—	—	—	—	—
Cash Reconciliation net Change In Cash	+35.1%	-95.5%	+1.5%	+59.9%	-165.2%	+74.2%	+231.5%	-636.4%	+138.2%	—

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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