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