SMITH A O CORP
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $3.8B | $3.8B | $3.9B | $3.8B | $3.5B |
| Cost of revenue | $2.3B | $2.4B | $2.4B | $2.4B | $2.2B |
| Gross profit | $1.5B | $1.5B | $1.5B | $1.3B | $1.3B |
| Selling, general & administrative | $759.4M | $739.3M | $727.4M | $670.9M | $701.4M |
| Research and development | $95.0M | $101.7M | $97.5M | $89.0M | $94.2M |
| Operating income | $728.6M | $707.7M | $745.5M | $362.0M | $682.0M |
| Interest expense | $13.5M | $6.7M | $12.0M | $9.4M | $4.3M |
| Pretax income | $715.1M | $701.0M | $733.5M | $223.7M | $625.6M |
| Income tax expense | $168.9M | $167.4M | $176.9M | -$12.0M | $138.5M |
| Net income | $546.2M | $533.6M | $556.6M | $235.7M | $487.1M |
| Balance Sheet | |||||
| Cash and equivalents | $174.5M | $239.6M | $339.9M | $391.2M | $443.3M |
| Current assets | $1.3B | $1.4B | $1.5B | $1.6B | $1.8B |
| Total assets | $3.1B | $3.2B | $3.2B | $3.3B | $3.5B |
| Current liabilities | $862.5M | $897.2M | $945.3M | $934.2M | $1.1B |
| Total liabilities | $1.3B | $1.4B | $1.4B | $1.6B | $1.6B |
| Stockholders' equity | $1.9B | $1.9B | $1.8B | $1.7B | $1.8B |
| Cash Flow Statement | |||||
| Cash from operations | $616.8M | $581.8M | $670.3M | $391.4M | $641.1M |
| Depreciation and amortization | $85.1M | $78.8M | $78.3M | $76.9M | $77.9M |
| Stock-based compensation | $13.8M | $14.9M | $11.5M | $11.1M | $11.9M |
| Capital expenditure | $70.8M | $108.0M | $72.6M | $70.3M | $75.1M |
| Free cash flow | $546.0M | $473.8M | $597.7M | $321.1M | $566.0M |
| Dividends paid | $195.7M | $190.4M | $183.5M | $177.2M | $170.1M |
| Share repurchases | $400.8M | $305.8M | $306.5M | $403.5M | $366.5M |
| Impairments | $0 | $4.7M | $15.6M | $0 | $0 |
Shares outstanding 137.8M · Free float 79.0%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.