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 · 3 years

Total assets $3.1B

Total liabilities $1.3B

Shareholders equity $1.9B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	-27.2%	-29.5%	—
Short Term Investments	-48.8%	+55.3%	—
Accounts Receivable	+7.6%	-9.2%	—
Inventory	-9.9%	+7.0%	—
Other Current Assets	-15.2%	-0.5%	—
Total Current Assets	-7.3%	-7.2%	—
Property,Plant and Equipment	+1.0%	+5.2%	—
Operating Lease Assets	+41.2%	-12.1%	—
Goodwill	-6.7%	+20.3%	—
Intangible Assets	+12.8%	-4.6%	—
Other Noncurrent Assets	-5.6%	-5.4%	—
Total Assets	-3.0%	+0.8%	—
Liabilities
Accounts Payable	-14.4%	-1.9%	—
Accrued Liabilities	+5.9%	-10.9%	—
Current Portion of Long Term Debt	+323.0%	+0.0%	—
Total Current Liabilities	-3.9%	-5.1%	—
Long Term Debt	-38.5%	+56.2%	—
Operating Lease Liabilities Noncurrent	+57.9%	-15.8%	—
Other Noncurrent Liabilities	+7.9%	-9.5%	—
Total Liabilities	-5.3%	-0.9%	—
Equity
Preferred Stock	—	—	—
Additional Paid In Capital	+2.2%	+4.0%	—
Retained Earnings	+9.7%	+10.5%	—
Treasury Stock	+16.1%	+13.6%	—
Accumulated Other Comprehensive Income	+11.9%	-32.9%	—
Total Stockholders Equity	-1.4%	+2.1%	—
Total Liabilitiesand Equity	-3.0%	+0.8%	—

Income Statement

Revenue, expense, and profitability

13 accounts · 3 years

Revenue $3.8B

Operating income Not reported

Net income $546.2M

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	+0.3%	-0.9%	—
Expenses Cost of Revenue	-0.8%	-0.3%	—
Other Income Expense Gross Profit	+2.1%	-1.9%	—
Expenses Selling,General and Administrative	+2.7%	+1.6%	—
Expenses Restructuring and Asset Impairment	-100.0%	-6.4%	—
Other Income Expense Interest Expense	+101.5%	-44.2%	—
Other Income Expense Other Income/expense	-92.9%	+23.2%	—
Other Income Expense Income Before Tax	+2.0%	-4.4%	—
Income Tax Income Tax Expense	+0.9%	-5.4%	—
net Income net Income	+2.4%	-4.1%	—
net Income Comprehensive Income	+10.6%	-8.8%	—
Earnings Per Share Basic Eps	+6.0%	-1.6%	—
Earnings Per Share Diluted Eps	+6.1%	-1.6%	—

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 3 years

Operating cash flow $616.8M

Investing cash flow $-53.0M

Financing cash flow $-633.1M

Account	2025	2024	2023
CashFlow
Operating Activities net Income	+2.4%	-4.1%	—
Operating Activities Depreciation and Amortization	+8.0%	+0.6%	—
Operating Activities Stock Based Compensation	-7.4%	+29.6%	—
Operating Activities Deferred Income Taxes	+293.5%	-21.1%	—
Operating Activities Changes In Operating Assets and Liabilities	+18.4%	-456.2%	—
Operating Activities Other Non Cash Items	-100.0%	-68.5%	—
Operating Activities net Cash From Operating Activities	+6.0%	-13.2%	—
Investing Activities Capital Expenditures	+34.4%	-48.8%	—
Investing Activities Business Acquisitions	+100.0%	-768.5%	—
Investing Activities Purchases of Investments	+42.1%	-16.8%	—
Investing Activities Proceeds From Sale of Investments	+0.0%	-52.9%	—
Investing Activities net Cash From Investing Activities	+80.2%	-1008.3%	—
Financing Activities Proceeds From Debt	-1.2%	+59.9%	—
Financing Activities Repayment of Debt	-9.2%	-13.7%	—
Financing Activities Repurchase of Common Stock	-31.1%	+0.2%	—
Financing Activities Dividends Paid	-2.8%	-3.8%	—
Financing Activities Other Financing Activities	-94.5%	-22.6%	—
Financing Activities net Cash From Financing Activities	-55.0%	+40.4%	—
Cash Reconciliation Effect of Exchange Rate On Cash	+163.6%	+48.4%	—
Cash Reconciliation net Change In Cash	+35.1%	-95.5%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+38.8%	+38.1%	+38.5%
Operating margin	—	—	—
Net margin	+14.3%	+14.0%	+14.4%
FCF margin	+14.3%	+12.4%	+15.5%
Growth
Revenue CAGR (3y)	+0.7%	+2.6%	+10.0%
Returns
ROE	+29.4%	+28.3%	+30.2%
ROA	+17.4%	+16.5%	+17.3%
ROIC	—	—	—
Liquidity
Current ratio	1.50x	1.55x	1.59x
Quick ratio	0.88x	0.87x	0.99x
Leverage
D/E	0.69x	0.72x	0.74x
Interest coverage	—	—	—
Efficiency
Asset turnover	1.22x	1.18x	1.20x
Cash conversion cycle	+52d	+43d	+41d

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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