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%
Market cap
$8.1B
P/E
16.5×
Fwd P/E
15.3×
Dividend yield
3.07%
F-score
8/9
Altman Z
8.31
Beneish M
−2.50
Dividend safety
93/100

A. O. Smith Corporation (AOS) Free cash flow margin

Alert me on Free cash flow margin

A. O. Smith Corporation's free cash flow margin over the twelve months to 30 June 2026 was 16.8%, up 2.5 percentage points from fiscal 2025 (14.3%). Over the past ten years it has ranged from 7.75% (fiscal 2017) to 17.5% (fiscal 2020); the current reading is higher than 73% of that period. That is above the Specialty Industrial Machinery industry median of 9.51% and above the Industrials sector median of 2.43%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 14.3% 1.85
FY2024 12.4% (3.10)
FY2023 15.5% 6.96
FY2022 8.55% (7.44)
FY2021 16.0% (1.46)
FY2020 17.5% 4.36
FY2019 13.1% 1.68
FY2018 11.4% 3.66
FY2017 7.75% (5.87)
FY2016 13.6% 2.62

Against its own ten years

Low 7.75% High 17.5%
Ten-year median 13.1%
Current reading's percentile 73

Free cash flow margin against peers

Company Free cash flow margin
PNR Pentair plc compare 16.8%
AOS A. O. Smith Corporation 16.8%
NPO Enpro Inc. compare 13.2%
WTS Watts Water Technologies, Inc. compare 13.1%
DCI Donaldson Company, Inc. compare 11.2%
GTES Gates Industrial Corporation PLC compare 10.8%
FLS Flowserve Corporation compare 9.32%
GNRC Generac Holdings Inc. compare 8.61%
RRX Regal Rexnord Corporation compare 7.89%
Specialty Industrial Machinery industry median 9.51%
Industrials sector median 2.43%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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