Friday 6 November 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.

Revenue: −0.21%
EPS: −0.74%
Free cash flow: −32.3%
Total debt: +262.3%

Quarter to September 2026, against a year earlier

66.34 0.73 −1.09%

Follow AOS

Alert me

Market cap: $8.9B
P/E: 18.5×
Fwd P/E: 17.8×
Dividend yield: 2.20%
F-score: 8/9
Altman Z: 8.31
Beneish M: −2.50
Dividend safety: 93/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

A. O. Smith Corporation (AOS) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Reportable Segments	3,830	100.00%
Gross margin		38.83%
Operating margin		19.01%
Pre-tax margin		18.67%

Revenue by segment $m

Line	FY2025	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Reportable Segments	3,830 100.00%	3,853 100.00%	3,754 100.00%	—	—	—	—	—	—
Also reported: a second breakdown of the same revenue
North America	2,984 77.91%	2,923 75.86%	2,819 75.10%	2,530 71.48%	2,118 73.16%	2,084 69.62%	2,045 64.14%	1,905 63.56%	1,743 64.90%
Rest of World	880 22.99%	957 24.84%	966 25.73%	1,037 29.29%	800 27.64%	936 31.27%	1,174 36.81%	1,116 37.25%	966 35.95%
Eliminations	—	—	—	(27) (0.77%)	(23) (0.80%)	(27) (0.89%)	(30) (0.95%)	(24) (0.81%)	(23) (0.85%)
Revenue	3,830	3,853	3,754	3,539	2,895	2,993	3,188	2,997	2,686

Operating income by segment $m, and margin

	FY2025	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
North America	‡	‡	‡	‡	‡	‡	‡	‡	‡
Rest of World	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
United States	2,619 68.38%	2,574 67.41%	2,547 66.11%	2,430 64.73%	2,239 63.27%	1,905 65.79%	1,869 62.44%	1,821 57.12%	1,698 56.67%	1,571 58.48%
China	673 17.57%	760 19.91%	827 21.48%	827 22.02%	913 25.79%	696 24.03%	825 27.58%	1,071 33.60%	1,035 34.53%	887 33.03%
Canada	327 8.52%	331 8.67%	335 8.70%	342 9.10%	247 6.99%	175 6.04%	169 5.63%	175 5.49%	164 5.46%	139 5.16%
Other Foreign	212 5.53%	153 4.01%	143 3.71%	156 4.15%	140 3.96%	120 4.14%	130 4.35%	121 3.79%	100 3.34%	89 3.33%
Revenue	3,830	3,818	3,853	3,754	3,539	2,895	2,993	3,188	2,997	2,686

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.