Saturday 17 October 2026
Export AOS’s income statement to Excel — free account
A. O. Smith Corporation
AOS Industrials Specialty Industrial Machinery
A. O. Smith Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.8 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 15.0%, free cash flow fell 6.61% and total debt rose 110.1%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.
59.22
0.25
−0.42%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
25.75 | 36.19 | 16.55 | 21.36 | 25.74 | 28.43 | 39.28 | 22.01 | 18.79 | 17.33 |
Piotroski F-Score |
6 | 6 | 7 | 4 | 5 | 6 | 6 | 8 | 5 | 8 |
P/S ratio |
3.09 | 3.55 | 2.28 | 2.63 | 3.06 | 3.88 | 2.43 | 3.17 | 2.61 | 2.46 |
Altman Z-Score |
6.15 | 6.70 | 6.14 | 6.23 | 6.81 | 7.97 | 6.60 | 9.02 | 8.05 | 8.31 |
Altman Z″-Score (non-manufacturers) |
5.81 | 6.00 | 6.58 | 6.33 | 6.52 | 6.20 | 6.69 | 7.44 | 7.57 | 8.07 |
P/FCF ratio |
22.68 | 45.75 | 20.03 | 20.12 | 17.52 | 24.25 | 28.40 | 20.43 | 21.02 | 17.27 |
Beneish M-Score |
(2.70) | (2.41) | (2.35) | (2.64) | (2.78) | (2.60) | (2.72) | (2.61) | (2.60) | (2.50) |
P/Operating CF |
45.35 | 60.30 | 45.61 | 44.73 | 38.22 | 51.94 | 51.61 | 52.80 | 44.88 | 51.51 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 93 |
P/B ratio |
5.48 | 6.46 | 4.24 | 4.73 | 4.79 | 7.49 | 5.22 | 6.62 | 5.29 | 5.08 |
Price to Tangible BV |
11.60 | 12.96 | 8.00 | 10.07 | 9.06 | 16.35 | 11.69 | 13.97 | 12.44 | 12.01 |
EV/Sales |
2.93 | 3.41 | 2.15 | 2.54 | 2.86 | 3.76 | 2.39 | 3.11 | 2.59 | 2.45 |
EV/EBITDA |
15.22 | 17.62 | 11.13 | 14.01 | 15.91 | 19.34 | 12.21 | 14.33 | 12.41 | 11.55 |
EV/Operating CF |
17.62 | 31.29 | 15.29 | 16.69 | 14.73 | 20.74 | 22.95 | 17.87 | 16.97 | 15.23 |
EV/FCF |
21.50 | 43.99 | 18.87 | 19.44 | 16.38 | 23.49 | 27.97 | 20.04 | 20.84 | 17.20 |
Quick Ratio |
1.66 | 1.78 | 1.65 | 1.49 | 1.44 | 1.13 | 1.14 | 1.01 | 0.91 | 0.90 |
Current Ratio |
2.04 | 2.23 | 2.09 | 1.96 | 1.83 | 1.57 | 1.75 | 1.59 | 1.55 | 1.50 |
Net Debt/EBITDA |
(0.83) | (0.71) | (0.69) | (0.49) | (1.11) | (0.63) | (0.19) | (0.28) | (0.10) | (0.05) |
Debt/Assets |
11.19% | 12.84% | 7.21% | 9.29% | 3.58% | 5.66% | 10.34% | 3.96% | 5.96% | 4.93% |
Debt/Equity |
0.21 | 0.25 | 0.13 | 0.17 | 0.06 | 0.11 | 0.20 | 0.07 | 0.10 | 0.08 |
Asset Turnover |
0.97 | 0.98 | 1.02 | 0.98 | 0.93 | 1.07 | 1.10 | 1.18 | 1.18 | 1.20 |
Operating CF/Net income |
1.37 | 1.10 | 1.01 | 1.23 | 1.63 | 1.32 | 1.66 | 1.20 | 1.09 | 1.13 |
Capex/Depreciation |
(1.24) | (1.34) | (1.18) | (0.82) | (0.71) | (0.96) | (0.91) | (0.93) | (1.37) | (0.83) |
Interest Coverage |
61.88 | 50.46 | 64.88 | 42.28 | 60.30 | 141.74 | 70.07 | 63.12 | 106.99 | 53.93 |
| 22.08% | 18.76% | 26.43% | 21.87% | 19.62% | 26.47% | 13.17% | 30.99% | 28.63% | 29.20% | |
| 11.83% | 9.74% | 14.17% | 12.07% | 11.09% | 14.68% | 6.93% | 17.01% | 16.54% | 17.11% | |
ROIC |
26.04% | 25.78% | 26.34% | 20.77% | 21.63% | 27.26% | 25.56% | 29.43% | 24.88% | 25.00% |
Return on Tangible Assets |
25.95% | 19.74% | 31.88% | 28.92% | 27.09% | 39.27% | 18.27% | 48.30% | 47.46% | 51.33% |
Average Days of Receivables |
70.49 | 72.19 | 74.11 | 71.90 | 73.75 | 65.43 | 56.51 | 56.46 | 51.76 | 55.49 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
24.67% | 24.12% | 23.65% | 23.91% | 22.81% | 19.82% | 17.87% | 18.88% | 19.36% | 19.83% |
Intangible Assets out of Total Assets |
0.28 | 0.26 | 0.26 | 0.29 | 0.28 | 0.29 | 0.29 | 0.30 | 0.33 | 0.34 |
Share Based Compensation of Revenue |
0.35% | 0.33% | 0.32% | 0.44% | 0.44% | 0.34% | 0.30% | 0.30% | 0.39% | 0.36% |
Graham Net Nets |
0.02 | 0.02 | 0.04 | 0.01 | 0.03 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 |
Graham Number |
18.97 | 19.09 | 24.17 | 22.48 | 23.42 | 27.90 | 19.52 | 32.00 | 32.46 | 33.83 |
Earnings Yield |
3.88% | 2.76% | 6.04% | 4.68% | 3.89% | 3.52% | 2.55% | 4.54% | 5.32% | 5.77% |
Free Cash Flow Yield |
4.41% | 2.19% | 4.99% | 4.97% | 5.71% | 4.12% | 3.52% | 4.89% | 4.76% | 5.79% |
Revenue per Share |
15.37 | 17.36 | 18.69 | 18.09 | 17.92 | 22.13 | 24.25 | 25.69 | 26.15 | 27.16 |
Operating CF per Share |
2.56 | 1.89 | 2.63 | 2.76 | 3.48 | 4.01 | 2.53 | 4.47 | 3.99 | 4.37 |
Capex per Share |
(0.46) | (0.55) | (0.50) | (0.39) | (0.35) | (0.47) | (0.45) | (0.48) | (0.74) | (0.50) |
Free Cash Flow per Share |
2.09 | 1.34 | 2.13 | 2.37 | 3.13 | 3.54 | 2.07 | 3.99 | 3.25 | 3.87 |
Cash per Share |
4.32 | 4.75 | 3.78 | 3.33 | 4.27 | 3.95 | 3.11 | 2.42 | 1.89 | 1.37 |
Shareholders Equity per Share |
8.67 | 9.53 | 10.07 | 10.07 | 11.44 | 11.46 | 11.29 | 12.30 | 12.90 | 13.17 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
8.67 | 9.53 | 10.07 | 10.07 | 11.44 | 11.46 | 11.29 | 12.30 | 12.90 | 13.17 |
Free Cash Flow |
365.90 | 232.20 | 363.70 | 391.80 | 505.30 | 566.00 | 321.10 | 597.70 | 473.80 | 546.00 |
Working Capital |
796.40 | 973.10 | 853.20 | 733.90 | 731.70 | 633.80 | 699.50 | 555.00 | 495.70 | 429.00 |
Capital Expenditures |
(80.70) | (94.20) | (85.20) | (64.40) | (56.80) | (75.10) | (70.30) | (72.60) | (108.00) | (70.80) |
Net Current Asset Value |
186.30 | 214.40 | 284.00 | 109.20 | 305.60 | 110.40 | 49.10 | 130.80 | 36.40 | 6.70 |
EV/EBIT |
17.42 | 20.04 | 12.59 | 16.37 | 18.81 | 21.81 | 13.64 | 15.81 | 13.78 | 12.90 |
Capex to Sales |
0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 |
Price to Operating Income |
18.37 | 20.85 | 13.37 | 16.95 | 20.12 | 22.52 | 13.85 | 16.12 | 13.89 | 12.96 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.14 | 0.13 | 0.13 | 0.14 | 0.15 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 |
Cash ROIC |
14.11% | 8.08% | 14.08% | 15.66% | 19.06% | 21.28% | 12.47% | 25.60% | 20.14% | 24.75% |
Accounts Receivable Turnover |
5.27 | 5.39 | 5.14 | 4.84 | 4.93 | 5.80 | 6.18 | 6.55 | 6.71 | 6.82 |
Accounts Payable Turnover |
3.30 | 3.32 | 3.49 | 3.44 | 3.24 | 3.32 | 3.53 | 3.86 | 3.97 | 4.29 |
Inventory Turnover |
6.63 | 6.44 | 6.26 | 5.96 | 5.93 | 5.96 | 5.03 | 4.67 | 4.59 | 4.63 |
Average Days of Payables |
122.76 | 110.68 | 105.44 | 102.65 | 121.56 | 122.20 | 94.22 | 92.54 | 90.97 | 78.54 |
Days of Inventory on Hand |
58.31 | 61.44 | 59.08 | 61.03 | 61.29 | 73.34 | 77.75 | 76.67 | 82.23 | 74.67 |
Average Receivables |
510.05 | 555.70 | 620.00 | 618.40 | 587.25 | 609.70 | 607.80 | 588.60 | 568.70 | 561.85 |
Average Payables |
476.75 | 531.80 | 539.40 | 526.70 | 552.40 | 670.55 | 685.85 | 613.10 | 594.55 | 546.40 |
Average Inventory |
237.00 | 274.05 | 300.85 | 303.85 | 301.55 | 373.90 | 482.05 | 506.90 | 514.75 | 505.70 |
Average Assets |
2,760.10 | 3,044.20 | 3,134.45 | 3,064.75 | 3,109.35 | 3,317.55 | 3,403.35 | 3,273.10 | 3,226.95 | 3,191.40 |
Average Common Equity |
1,478.80 | 1,580.10 | 1,680.95 | 1,691.90 | 1,757.55 | 1,840.25 | 1,789.95 | 1,796.05 | 1,863.95 | 1,870.75 |
Columns are period end dates