SMITH A O CORP
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 155 | 7.7 |
| Stockholders' equity | 1,858 | 92.3 |
| Total capitalization | 2,013 | 100.0 |
75,732,188 shares outstanding at 5 August 2015 (cover page of the 10-Q filed 10 August 2015).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 155 |
| Long-term debt, noncurrent | 113 |
| Current maturities | 42 |
CAPITAL STOCK 12/31/25
| Preferred stock ($ millions) | 0 |
| Outstanding at 8/5/15 | 75,732,188 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 1.38 | 35.8 |
| 2024 | 1.30 | 35.8 |
| 2023 | 1.22 | 33.1 |
| 2022 | 1.14 | 75.5 |
| 2021 | 1.06 | 35.1 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware.
BUSINESS: Classified by the SEC under Standard Industrial Classification 3630, Household Appliances. Large accelerated filer. Principal executive office: 11270 West Park Place, Milwaukee, WI 53224. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 3,830 | 3,818 | 3,853 |
| Cost of revenues | 2,343 | 2,362 | 2,368 |
| Gross profit | 1,487 | 1,456 | 1,485 |
| Research and development | 95 | 102 | 98 |
| Selling, general and administrative | 759 | 739 | 727 |
| Depreciation and amortization | 85 | 79 | 78 |
| Operating income | 729 | 708 | 746 |
| Interest expense | 14 | 7 | 12 |
| Income before income taxes | 715 | 701 | 734 |
| Income taxes | 169 | 167 | 177 |
| Net income | 546 | 534 | 557 |
| Earned per share, diluted ($) | 3.85 | 3.63 | 3.69 |
| Dividends per share ($) | 1.38 | 1.30 | 1.22 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 174 | 240 |
| Receivables, net | 582 | 541 |
| Inventories | 479 | 532 |
| Total current assets | 1,292 | 1,393 |
| Property, plant and equipment, net | 635 | 629 |
| Goodwill | 711 | 762 |
| Total assets | 3,143 | 3,240 |
| Total current liabilities | 862 | 897 |
| Long-term debt | 113 | 183 |
| Total liabilities | 1,285 | 1,356 |
| Stockholders' equity | 1,858 | 1,884 |
| Total liabilities and equity | 3,143 | 3,240 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 3,830 | 729 | 546 | 14.3 | 3.85 | 1.38 | 617 | 71 | 546 | 3,143 | 1,285 | 155 | 1,858 | 29.4 | 0.08 |
| 12/31/24 | 3,818 | 708 | 534 | 14.0 | 3.63 | 1.30 | 582 | 108 | 474 | 3,240 | 1,356 | 193 | 1,884 | 28.3 | 0.10 |
| 12/31/23 | 3,853 | 746 | 557 | 14.4 | 3.69 | 1.22 | 670 | 73 | 598 | 3,214 | 1,370 | 127 | 1,844 | 30.2 | 0.07 |
| 12/31/22 | 3,754 | 362 | 236 | 6.3 | 1.51 | 1.14 | 391 | 70 | 321 | 3,332 | 1,585 | 344 | 1,748 | 13.5 | 0.20 |
| 12/31/21 | 3,539 | 682 | 487 | 13.8 | 3.02 | 1.06 | 641 | 75 | 566 | 3,474 | 1,642 | 197 | 1,832 | 26.6 | 0.11 |
| 12/31/20 | 2,895 | 503 | 345 | 11.9 | 2.12 | 0.98 | 562 | 57 | 505 | 3,161 | 1,312 | 113 | 1,848 | 18.7 | 0.06 |
| 12/31/19 | 2,993 | 529 | 370 | 12.4 | 2.22 | 0.90 | 456 | 64 | 392 | 3,058 | 1,391 | 284 | 1,667 | 22.2 | 0.17 |
| 12/31/18 | 3,188 | 613 | 444 | 13.9 | 2.58 | 0.76 | 449 | 85 | 364 | 3,072 | 1,354 | 221 | 1,717 | 25.9 | 0.13 |
| 12/31/17 | 2,997 | 578 | 296 | 9.9 | 1.70 | 0.56 | 326 | 94 | 232 | 3,197 | 1,552 | 410 | 1,645 | 18.0 | 0.25 |
| 12/31/16 | 2,686 | 515 | 326 | 12.2 | 1.85 | 0.48 | 447 | 81 | 366 | 2,891 | 1,376 | 324 | 1,511 | 21.6 | 0.21 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
SMITH A O CORP
CIK 91142 · EIN 39-0619790
PRINCIPAL OFFICE:
11270 West Park Place, Milwaukee, WI 53224
Tel.: 4143594000
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
3630 · Household Appliances
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 10 February 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/10/26) · 10-K FY2023 (filed 2/13/24) · 10-K FY2022 (filed 2/14/23) · 10-K FY2021 (filed 2/11/22) · 10-K FY2020 (filed 2/12/21) · 10-K FY2019 (filed 2/24/20) · 10-K FY2018 (filed 2/15/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.