InsiderClue
Stocks · Consumer discretionary · Household Appliances

A. O. Smith

AOS Clue Score62
United States Fiscal year ends December CIK 0000091142
$56.38 -0.32% Close, 9 Oct 2026
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Price $56.38 −12.13% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue2,685.9Operating income515.0Net income326.5EPS, diluted1.85Fiscal year 2017Revenue2,996.7 +11.6%Operating income577.9Net income296.5 −9.2%EPS, diluted1.70 −8.1%Fiscal year 2018Revenue3,187.9 +6.4%Operating income613.4Net income444.2 +49.8%EPS, diluted2.58 +51.8%Fiscal year 2019Revenue2,992.7 −6.1%Operating income529.1Net income370.0 −16.7%EPS, diluted2.22 −14.0%Fiscal year 2020Revenue2,895.3 −3.3%Operating income503.2Net income344.9 −6.8%EPS, diluted2.12 −4.5%Fiscal year 2021Revenue3,538.9 +22.2%Operating income682.0Net income487.1 +41.2%EPS, diluted3.02 +42.5%Fiscal year 2022Revenue3,753.9 +6.1%Operating income362.0Net income235.7 −51.6%EPS, diluted1.51 −50.0%Fiscal year 2023Revenue3,852.8 +2.6%Operating income745.5Net income556.6 +136.1%EPS, diluted3.69 +144.4%Fiscal year 2024Revenue3,818.1 −0.9%Operating income707.7Net income533.6 −4.1%EPS, diluted3.63 −1.6%Fiscal year 2025Revenue3,830.2 +0.3%Operating income728.6Net income546.2 +2.4%EPS, diluted3.85 +6.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 2,685.9 2,996.7 3,187.9 2,992.7 2,895.3 3,538.9 3,753.9 3,852.8 3,818.1 3,830.2
Growth +11.6% +6.4% −6.1% −3.3% +22.2% +6.1% +2.6% −0.9% +0.3%
Operating income 515.0 577.9 613.4 529.1 503.2 682.0 362.0 745.5 707.7 728.6
Net income 326.5 296.5 444.2 370.0 344.9 487.1 235.7 556.6 533.6 546.2
Growth −9.2% +49.8% −16.7% −6.8% +41.2% −51.6% +136.1% −4.1% +2.4%
EPS, diluted 1.85 1.70 2.58 2.22 2.12 3.02 1.51 3.69 3.63 3.85
Growth −8.1% +51.8% −14.0% −4.5% +42.5% −50.0% +144.4% −1.6% +6.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin41.5%Operating margin19.2%Net margin12.2%Free cash flow margin13.6%Fiscal year 2017Gross margin41.1%Operating margin19.3%Net margin9.9%Free cash flow margin7.7%Fiscal year 2018Gross margin41.0%Operating margin19.2%Net margin13.9%Free cash flow margin11.4%Fiscal year 2019Gross margin39.5%Operating margin17.7%Net margin12.4%Free cash flow margin13.1%Fiscal year 2020Gross margin38.3%Operating margin17.4%Net margin11.9%Free cash flow margin17.5%Fiscal year 2021Gross margin37.0%Operating margin19.3%Net margin13.8%Free cash flow margin16.0%Fiscal year 2022Gross margin35.4%Operating margin9.6%Net margin6.3%Free cash flow margin8.6%Fiscal year 2023Gross margin38.5%Operating margin19.3%Net margin14.4%Free cash flow margin15.5%Fiscal year 2024Gross margin38.1%Operating margin18.5%Net margin14.0%Free cash flow margin12.4%Fiscal year 2025Gross margin38.8%Operating margin19.0%Net margin14.3%Free cash flow margin14.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 41.5% 41.1% 41.0% 39.5% 38.3% 37.0% 35.4% 38.5% 38.1% 38.8%
Operating margin 19.2% 19.3% 19.2% 17.7% 17.4% 19.3% 9.6% 19.3% 18.5% 19.0%
Net margin 12.2% 9.9% 13.9% 12.4% 11.9% 13.8% 6.3% 14.4% 14.0% 14.3%
Free cash flow margin 13.6% 7.7% 11.4% 13.1% 17.5% 16.0% 8.6% 15.5% 12.4% 14.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow446.6Capital expenditure−80.7Free cash flow365.9Buybacks−135.2Dividends paid−84.2Fiscal year 2017Operating cash flow326.4Capital expenditure−94.2Free cash flow232.2 −36.5%Buybacks−139.1Dividends paid−96.9Fiscal year 2018Operating cash flow448.9Capital expenditure−85.2Free cash flow363.7 +56.6%Buybacks−202.6Dividends paid−130.1Fiscal year 2019Operating cash flow456.2Capital expenditure−64.4Free cash flow391.8 +7.7%Buybacks−287.7Dividends paid−149.2Fiscal year 2020Operating cash flow562.1Capital expenditure−56.8Free cash flow505.3 +29.0%Buybacks−56.7Dividends paid−158.7Fiscal year 2021Operating cash flow641.1Capital expenditure−75.1Free cash flow566.0 +12.0%Buybacks−366.5Dividends paid−170.1Fiscal year 2022Operating cash flow391.4Capital expenditure−70.3Free cash flow321.1 −43.3%Buybacks−403.5Dividends paid−177.2Fiscal year 2023Operating cash flow670.3Capital expenditure−72.6Free cash flow597.7 +86.1%Buybacks−306.5Dividends paid−183.5Fiscal year 2024Operating cash flow581.8Capital expenditure−108.0Free cash flow473.8 −20.7%Buybacks−305.8Dividends paid−190.4Fiscal year 2025Operating cash flow616.8Capital expenditure−70.8Free cash flow546.0 +15.2%Buybacks−400.8Dividends paid−195.7
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 446.6 326.4 448.9 456.2 562.1 641.1 391.4 670.3 581.8 616.8
Capital expenditure −80.7 −94.2 −85.2 −64.4 −56.8 −75.1 −70.3 −72.6 −108.0 −70.8
Free cash flow 365.9 232.2 363.7 391.8 505.3 566.0 321.1 597.7 473.8 546.0
Growth −36.5% +56.6% +7.7% +29.0% +12.0% −43.3% +86.1% −20.7% +15.2%
Buybacks −135.2 −139.1 −202.6 −287.7 −56.7 −366.5 −403.5 −306.5 −305.8 −400.8
Dividends paid −84.2 −96.9 −130.1 −149.2 −158.7 −170.1 −177.2 −183.5 −190.4 −195.7

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash330.4Total debt323.6Net cash (debt)6.8Shareholders’ equity1,511.4Debt to equity0.21Fiscal year 2017Cash346.6Total debt410.4Net cash (debt)−63.8Shareholders’ equity1,644.9Debt to equity0.25Fiscal year 2018Cash259.7Total debt221.4Net cash (debt)38.3Shareholders’ equity1,717.0Debt to equity0.13Fiscal year 2019Cash374.0Total debt284.0Net cash (debt)90.0Shareholders’ equity1,666.8Debt to equity0.17Fiscal year 2020Cash573.1Total debt113.2Net cash (debt)459.9Shareholders’ equity1,848.3Debt to equity0.06Fiscal year 2021Cash443.3Total debt196.7Net cash (debt)246.6Shareholders’ equity1,832.2Debt to equity0.11Fiscal year 2022Cash391.2Total debt344.5Net cash (debt)46.7Shareholders’ equity1,747.7Debt to equity0.20Fiscal year 2023Cash339.9Total debt127.3Net cash (debt)212.6Shareholders’ equity1,844.4Debt to equity0.07Fiscal year 2024Cash239.6Total debt193.2Net cash (debt)46.4Shareholders’ equity1,883.5Debt to equity0.10Fiscal year 2025Cash174.5Total debt155.0Net cash (debt)19.5Shareholders’ equity1,858.0Debt to equity0.08
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 330.4 346.6 259.7 374.0 573.1 443.3 391.2 339.9 239.6 174.5
Total debt 323.6 410.4 221.4 284.0 113.2 196.7 344.5 127.3 193.2 155.0
Net cash (debt) 6.8 −63.8 38.3 90.0 459.9 246.6 46.7 212.6 46.4 19.5
Shareholders’ equity 1,511.4 1,644.9 1,717.0 1,666.8 1,848.3 1,832.2 1,747.7 1,844.4 1,883.5 1,858.0
Debt to equity 0.21 0.25 0.13 0.17 0.06 0.11 0.20 0.07 0.10 0.08

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
41.5% 41.1% 41.0% 39.5% 38.3% 37.0% 35.4% 38.5% 38.1% 38.8%
19.2% 19.3% 19.2% 17.7% 17.4% 19.3% 9.6% 19.3% 18.5% 19.0%
17.2% 17.4% 17.5% 15.8% 15.3% 17.7% 6.0% 19.0% 18.4% 18.7%
12.2% 9.9% 13.9% 12.4% 11.9% 13.8% 6.3% 14.4% 14.0% 14.3%
13.6% 7.7% 11.4% 13.1% 17.5% 16.0% 8.6% 15.5% 12.4% 14.3%
Spending
3.0% 2.9% 2.9% 2.9% 2.8% 2.7% 2.4% 2.5% 2.7% 2.5%
24.7% 24.1% 23.6% 23.9% 22.8% 19.8% 17.9% 18.9% 19.4% 19.8%
3.0% 3.1% 2.7% 2.2% 2.0% 2.1% 1.9% 1.9% 2.8% 1.8%
29.4% 43.1% 20.4% 21.6% 22.3% 22.1% −5.4% 24.1% 23.9% 23.6%
Returns
21.6% 18.0% 25.9% 22.2% 18.7% 26.6% 13.5% 30.2% 28.3% 29.4%
11.3% 9.3% 14.5% 12.1% 10.9% 14.0% 7.1% 17.3% 16.5% 17.4%
Balance and payout
0.21 0.25 0.13 0.17 0.06 0.11 0.20 0.07 0.10 0.08
47.6% 48.6% 44.1% 45.5% 41.5% 47.3% 47.6% 42.6% 41.9% 40.9%
25.8% 32.7% 29.3% 40.3% 46.0% 34.9% 75.2% 33.0% 35.7% 35.8%
60.0% 101.6% 91.5% 111.5% 42.6% 94.8% 180.8% 82.0% 104.7% 109.2%