SMITH A O CORP AOS

Industrials SIC 3630 - Household Appliances NAICS Manufacturing › Electrical Equipment, Appliance, and Component Manufacturing › Household Appliance Manufacturing derived NYSE

Last close 61.65 2026-10-23
Market cap $8.46B estimated share count
52-week range 54.16 - 81.86

Valuation FY2025 figures against the last close

P/S2.2x
P/E16.0x
P/FCF15.5x
EV/EBITDA10.3x
Dividend yield2.3%
Diluted EPS3.85

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • China
  • Canada
  • Other Foreign
Revenue by geography, 4 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 2.6B (68.4%) 68% United States China, FY2025: 672.8M (17.6%) 18% China Canada, FY2025: 326.5M (8.5%) 9% Canada Other Foreign, FY2025: 211.8M (5.5%) 6% FY2024 United States, FY2024: 2.6B (67.4%) 67% China, FY2024: 760M (19.9%) 20% Canada, FY2024: 331.2M (8.7%) 9% Other Foreign, FY2024: 153.2M (4.0%) 4% FY2023 United States, FY2023: 2.5B (66.1%) 66% China, FY2023: 827.4M (21.5%) 21% Canada, FY2023: 335.3M (8.7%) 9% Other Foreign, FY2023: 143M (3.7%) 4%
Region FY2025FY2024FY2023
United States $2.62B $2.57B $2.55B
China $672.8M $760.0M $827.4M
Canada $326.5M $331.2M $335.3M
Other Foreign $211.8M $153.2M $143.0M

As the company reported it, from the “Operations by Segment - Net Sales and Long-Lived Assets by Geographic Location (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • North America
  • Rest of World
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 North America, FY2025: 3B (77.4%) 77% North America Rest of World, FY2025: 865.8M (22.6%) 23% Rest of World FY2024 North America, FY2024: 2.9B (76.7%) 77% Rest of World, FY2024: 890M (23.3%) 23% FY2023 North America, FY2023: 2.9B (75.4%) 75% Rest of World, FY2023: 948.5M (24.6%) 25%
Segment FY2025FY2024FY2023
North America $2.96B $2.93B $2.90B
Rest of World $865.8M $890.0M $948.5M

As the company reported it, from the “Operations by Segment - Reportable Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $3.83B$3.82B$3.85B$3.75B$3.54B$2.90B$2.99B$3.19B$3.00B$2.69B
Cost of revenue $2.34B$2.36B$2.37B$2.42B$2.23B$1.79B$1.81B$1.88B$1.76B$1.57B
Gross profit $1.49B$1.46B$1.48B$1.33B$1.31B$1.11B$1.18B$1.31B$1.23B$1.11B
R&D $95.0M$101.7M$97.5M$89.0M$94.2M$80.7M$87.9M$94.0M$86.4M$80.1M
SG&A $759.4M$739.3M$727.4M$670.9M$701.4M$660.3M$715.6M$753.8M$722.8M$662.5M
Operating income $728.6M$707.7M$745.5M$362.0M$682.0M$503.2M$529.1M$613.4M$577.9M$515.0M
Interest expense $13.5M$6.7M$12.0M$9.4M$4.3M$7.3M$11.0M$8.4M$10.1M$7.3M
Pre-tax income $715.1M$701.0M$733.5M$223.7M$625.6M$443.9M$472.1M$557.8M$520.8M$462.5M
Income tax $168.9M$167.4M$176.9M$12.0M$138.5M$99.0M$102.1M$113.6M$224.3M$136.0M
Net income $546.2M$533.6M$556.6M$235.7M$487.1M$344.9M$370.0M$444.2M$296.5M$326.5M
EPS, basic 3.873.653.711.523.052.132.242.601.721.87
EPS, diluted 3.853.633.691.513.022.122.222.581.701.85
Shares, diluted (wtd. avg.) 141.9M147.1M151.0M155.8M161.3M162.6M166.7M172.2M174.6M176.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $174.5M$239.6M$339.9M$391.2M$443.3M$573.1M$374.0M$259.7M$346.6M$330.4M
Short-term investments $18.7M$36.5M$23.5M$90.6M$188.1M$116.5M$177.4M$385.3M$473.4M$424.2M
Receivables $582.3M$541.4M$596.0M$581.2M$634.4M$585.0M$589.5M$647.3M$592.7M$518.7M
Inventory $479.3M$532.1M$497.4M$516.4M$447.7M$300.1M$303.0M$304.7M$297.0M$251.1M
Total current assets $1.29B$1.39B$1.50B$1.63B$1.75B$1.62B$1.50B$1.64B$1.77B$1.56B
Property, plant and equipment $635.1M$628.7M$597.5M$590.7M$606.7M$541.3M$545.4M$540.0M$528.9M$461.9M
Goodwill $710.6M$761.7M$633.4M$619.7M$627.8M$546.8M$546.0M$513.0M$516.7M$491.5M
Other intangibles $362.3M$321.1M$336.7M$347.9M$364.8M$323.9M$338.4M$293.1M$308.7M$308.3M
Total assets $3.14B$3.24B$3.21B$3.33B$3.47B$3.16B$3.06B$3.07B$3.20B$2.89B
Short-term debt $42.3M$10.0M$10.0M$10.0M$6.8M$6.8M$6.8M$0$7.5M$7.2M
Total current liabilities $862.5M$897.2M$945.3M$934.2M$1.12B$886.3M$766.5M$785.3M$793.8M$765.6M
Long-term debt $112.7M$183.2M$117.3M$334.5M$189.9M$106.4M$277.2M$221.4M$402.9M$316.4M
Total liabilities $1.28B$1.36B$1.37B$1.58B$1.64B$1.31B$1.39B$1.35B$1.55B$1.38B
Retained earnings $3.95B$3.60B$3.26B$2.88B$2.83B$2.51B$2.32B$2.10B$1.79B$1.59B
Total equity $1.86B$1.88B$1.84B$1.75B$1.83B$1.85B$1.67B$1.72B$1.64B$1.51B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $616.8M$581.8M$670.3M$391.4M$641.1M$562.1M$456.2M$448.9M$326.4M$446.6M
Depreciation and amortisation $85.1M$78.8M$78.3M$76.9M$77.9M$80.0M$78.3M$71.9M$70.1M$65.1M
Capital expenditure $70.8M$108.0M$72.6M$70.3M$75.1M$56.8M$64.4M$85.2M$94.2M$80.7M
Investing cash flow -$53.0M-$267.1M-$24.1M$8.1M-$349.9M$11.8M$33.9M-$12.7M-$158.1M-$300.2M
Financing cash flow -$633.1M-$408.4M-$684.7M-$430.8M-$421.0M-$374.8M-$375.8M-$523.1M-$152.1M-$139.6M
Dividends paid $195.7M$190.4M$183.5M$177.2M$170.1M$158.7M$149.2M$130.1M$96.9M$84.2M
Buybacks $400.8M$305.8M$306.5M$403.5M$366.5M$56.7M$287.7M$202.6M$139.1M$135.2M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000091142-26-000008.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B 4B Revenue, FY2016: 2.7B Gross profit, FY2016: 1.1B Net income, FY2016: 326.5M Revenue, FY2017: 3B Gross profit, FY2017: 1.2B Net income, FY2017: 296.5M Revenue, FY2018: 3.2B Gross profit, FY2018: 1.3B Net income, FY2018: 444.2M Revenue, FY2019: 3B Gross profit, FY2019: 1.2B Net income, FY2019: 370M Revenue, FY2020: 2.9B Gross profit, FY2020: 1.1B Net income, FY2020: 344.9M Revenue, FY2021: 3.5B Gross profit, FY2021: 1.3B Net income, FY2021: 487.1M Revenue, FY2022: 3.8B Gross profit, FY2022: 1.3B Net income, FY2022: 235.7M Revenue, FY2023: 3.9B Gross profit, FY2023: 1.5B Net income, FY2023: 556.6M Revenue, FY2024: 3.8B Gross profit, FY2024: 1.5B Net income, FY2024: 533.6M Revenue, FY2025: 3.8B Gross profit, FY2025: 1.5B Net income, FY2025: 546.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $2.69B $3.00B $3.19B $2.99B $2.90B $3.54B $3.75B $3.85B $3.82B $3.83B
Gross profit $1.11B $1.23B $1.31B $1.18B $1.11B $1.31B $1.33B $1.48B $1.46B $1.49B
Net income $326.5M $296.5M $444.2M $370.0M $344.9M $487.1M $235.7M $556.6M $533.6M $546.2M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event Item 8.01
  • Other event Item 8.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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