A.O. Smith Corporation

A.O. Smith Corporation

63.07
USD
-0.42
(-0.66%)
3.59EPS
17.48P/E
8.70BMarket Cap
Feb 02Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
11.8
13.18
14.42
15.49
17.46
18.96
18.43
17.9
22.45
24.83
25.51
25.96
26.99
- -
Basic EPS, GAAP
0.93
1.16
1.61
1.88
1.73
2.64
2.28
2.13
3.09
1.56
3.69
3.63
3.85
- -
Free Cash Flow per Basic Share
1.53
1.48
2
2.57
1.9
2.67
2.81
3.47
4.07
2.59
4.44
3.96
4.35
- -
Dividend per Share
0.23
0.3
0.39
0.49
0.56
0.77
0.92
0.98
1.08
1.17
1.22
1.29
1.38
1.09
Book Value per Share
7.28
7.73
8.2
8.74
9.58
10.21
10.27
11.43
11.62
11.56
12.5
13.05
13.41
- -
Tangible Book Value per Share
3.13
3.6
4.15
4.13
4.77
5.42
4.82
6.04
5.33
5.16
5.93
5.55
5.67
- -
Basic Weighted Avg Shares
182
179
176
173
172
168
162
162
158
151
151
147
142
138
Sales/Revenue/Turnover
2,154
2,356
2,537
2,686
2,997
3,188
2,993
2,895
3,539
3,754
3,853
3,818
3,830
- -
Operating Margin (%)
11.57
12.19
15.73
16.82
17.01
17.31
15.54
15.47
17.22
17.55
19.66
18.77
19.01
- -
Depreciation Expense
60
60
63
65
70
72
78
80
78
77
78
79
85
- -
Net Income, GAAP
170
208
283
327
297
444
370
345
487
236
557
534
546
- -
Effective Tax Rate (%)
28.21
27.52
29.71
29.41
43.07
20.37
21.63
22.3
22.14
- -
24.12
23.88
23.62
- -
Profit Margin (%)
7.88
8.82
11.15
12.16
9.89
13.93
12.36
11.91
13.76
6.28
14.45
13.98
14.26
- -
Working Capital
615
714
750
796
973
853
734
732
634
700
555
496
429
- -
LT Debt
178
210
236
316
403
221
316
141
212
357
145
207
150
- -
Total Equity
1,329
1,381
1,442
1,515
1,645
1,717
1,667
1,848
1,832
1,748
1,844
1,884
1,858
- -
Return on Invested Capital (%)
11.56
13.32
17.02
18.07
14.9
21.77
18.62
17.19
23.51
- -
27.38
26.11
26.97
- -
Return on Capital (%)
11.75
13.56
17.48
18.79
15.52
22.58
19.28
17.59
24.24
- -
27.5
26.28
26.82
- -
Return on Common Equity (%)
13.45
15.34
20.04
22.08
18.76
26.43
21.87
19.62
26.47
13.17
30.99
28.63
29.2
- -

Capital Structure

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
ST Debt
42
40
- -
LT Borrowings
574
598
- -
LT Finance Leases
41
39
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
139
139
111
Market Capitalization
9,135
8,698
6,262

Working Capital

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
Total Current Assets
1,368
1,389
- -
Cash, Cash Equivalents & STI
204
181
- -
Accounts Receivable, Net
634
670
- -
Inventories
489
483
- -
Total Current Liabilities
878
872
- -
Payables & Accruals
763
761
- -
ST Debt
42
40
- -
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.68%
0.16%
-1.35%
Free Cash Flow
10.16%
7.84%
6.02%
Net Income, GAAP
15.66%
24.8%
2.36%
Sales/Revenue/Turnover
4.48%
6.07%
0.32%
Total Cash Common Dividend
11.6%
4.29%
2.78%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
979
1,024
903
912
3,818
2025
964
1,011
943
913
3,830
2026
946
1,004
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1
1.06
0.82
0.75
3.63
2025
0.95
1.07
0.94
0.9
3.85
2026
0.85
0.91
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.32
0.32
0.32
0.34
1.29
2025
0.34
0.34
0.34
0.36
1.38
2026
0.36
0.36
- -
- -
- -

Company Description

CEO
Stephen M. Shafer
Full Time Employees
11,500
Sector
Producer manufacturing
Industry
Building products
Address
11270 West Park Place Milwaukee WI United States 53224
IPO Date
Sep 30, 1983
Business
A. O. Smith Corporation manufactures and markets residential and commercial gas, electric, tankless, heat pump and solar water heaters; boilers; storage tanks; expansion tanks; swimming pool and spa heaters; and water treatment products including point-of-entry softeners, whole-home filtration systems, well water solutions, point-of-use reverse osmosis and carbon filters, and commercial filtration worldwide. The company offers products under the A. O. Smith, State, Lochinvar, Hague, Water-Right, Master Water, Atlantic Filter and Water Tec brands; it distributes through wholesale plumbing distributors, retail hardware chains, manufacturer representatives and direct e-commerce channels targeting homeowners, restaurants, hotels, offices, laundries, hospitals, schools, multi-family housing and small businesses. Founded in 1874 and headquartered in Milwaukee, Wisconsin, A. O. Smith operates manufacturing and sales facilities in the United States, Canada, Mexico, China, India, the United Kingdom, the Netherlands, France and the United Arab Emirates, with distribution in over 60 countries. In November 2025, the company signed a definitive agreement to acquire Leonard Valve Company for $470 million in an all-cash transaction expected to close in the first quarter of 2026, expanding its water management and digital mixing capabilities to complement core water heating and boiler offerings. Recent leadership changes include Stephen Shafer assuming the role of president and chief executive officer effective July 1, 2025, with Kevin Wheeler transitioning to executive chairman; the appointment of Ming Cheng as chief technology officer in July 2025; and the hiring of Chris Howe as senior vice president and chief digital information officer in October 2025.

Company News

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