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A. O. Smith Corporation

A. O. Smith Corporation

NYSE•AOS
CEO: Mr. Kevin J. Wheeler
Sector: Industrials
Industry: Industrial - Machinery
Listing Date: 1983-09-30
A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, and other large commercial buildings, as well as homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and point-of-use carbon and reverse osmosis products for residences, restaurants, hotels, and offices. It also provides commercial water treatment and filtration product; expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, and related products and parts; and electric wall-hung, gas tankless, combi-boiler, and heat pump and solar water heaters. The company offers its products under the A. O. Smith, State, Lochinvar, Hague, Water-Right, Master Water, Atlantic Filter, and Water Tec brands. It distributes its products through independent wholesale plumbing distributors, as well as to retail channels consisting of hardware and home center chains, and manufacturer representative firms; and offers Aquasana branded products directly to consumers through e-commerce channels. A. O. Smith Corporation was founded in 1874 and is headquartered in Milwaukee, Wisconsin.
Contact Information
11270 West Park Place, Suite 170 PO Box 245008, Milwaukee, WI, 53224-9508, United States
414-359-4000
www.aosmith.com
Market Cap
$11.30B
P/E (TTM)
20.4
41.2
Dividend Yield
1.8%
52W High
$81.87
52W Low
$58.83
52W Range
90%
Rank28Top 16.1%
5.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$912.50M+0.01%
4-Quarter Trend

EPS

$0.90+20.00%
4-Quarter Trend

FCF

$165.50M-13.49%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Sales and Earnings Up Net Sales reached $3.83B USD in 2025, up $12.1M; Net Earnings increased to $546.2M USD.
Gross Margin Improvement Gross Profit Margin improved to 38.8% in 2025, driven by pricing actions and higher commercial volumes.
Strong Operating Cash Flow Cash provided by operating activities totaled $616.8M USD in 2025, up $35.0M from prior year.
Strategic Acquisitions Bolster Sales Pureit acquisition contributed $54M sales in Rest of World segment, supporting growth outside North America.

Risk Factors

China Sales Volume Decline China third-party sales decreased 12% in local currency during 2025 due to weak consumer demand.
North America Construction Softness Residential water heater volumes offset pricing gains; new construction starts projected flat to down in 2026.
Input Cost and Tariff Volatility Volatility in steel costs and new tariffs increase input costs, potentially impacting profit margins if not recovered.
Customer Concentration Exposure Sales concentration remains high; top five customers accounted for 41% of total 2025 net sales.

Outlook

2026 Sales Growth Guidance Expect 2026 consolidated sales growth between 2% and 5%, including Leonard Valve acquisition contribution.
2026 EPS Forecast Issued Full-year 2026 earnings per share guidance projected between $3.85 and $4.15 USD per share.
China Business Assessment Ongoing Strategic assessment of China business continues, seeking partnerships or alternatives to realize long-term upside.
Energy Efficiency Product Focus Expanding commercial capacity ahead of October 2026 DOE rule requiring all commercial water heaters to be condensing.

Peer Comparison

Revenue (TTM)

Core & Main, Inc.CNM
$7.76B
+8.1%
Parsons CorporationPSN
$6.36B
-5.7%
Regal Rexnord CorporationRRX
$5.93B
-1.6%

Gross Margin (Latest Quarter)

Watts Water Technologies, Inc.WTS
49.5%
+1.5pp
A. O. Smith CorporationAOS
38.4%
+1.3pp
Regal Rexnord CorporationRRX
37.5%
-0.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
RRX$14.18B50.74.2%36.3%
DCI$12.73B33.425.6%22.3%
GNRC$12.66B78.86.2%26.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-1.8%
Flat Growth
4Q Net Income CAGR
-2.8%
Stable Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:May 5, 2026
|
EPS:$0.96
|
Revenue:-
Reports
Financials
All Years
  • Form 10-K - FY 2025

    Period End: Dec 31, 2025|Filed: Feb 10, 2026|
    Revenue: $3.83B+0.3%
    |
    EPS: $3.86+5.8%
    Beat
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 28, 2025|
    Revenue: $942.50M+4.4%
    |
    EPS: $0.94+13.3%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 24, 2025|
    Revenue: $1.01B-1.3%
    |
    EPS: $1.07+0.0%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: Apr 29, 2025|
    Revenue: $963.90M-1.5%
    |
    EPS: $0.95-5.0%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 11, 2025|
    Revenue: $3.82B-0.9%
    |
    EPS: $3.65-1.6%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 23, 2024|
    Revenue: $902.60M-3.7%
    |
    EPS: $0.83-7.8%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 24, 2024|
    Revenue: $1.02B+6.6%
    |
    EPS: $1.07+2.9%
    Meet
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: Apr 26, 2024|
    Revenue: $978.80M+1.3%
    |
    EPS: $1.00+19.0%
    Meet