A. O. Smith (AOS) financials
A. O. Smith revenue and earnings by year
A. O. Smith's revenue was $3.83 billion in the fiscal year to December 31, 2025, up 0.3% from the year before. Net income was $546 million, 14.3% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 4.0% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.83 | 3.82 | 3.85 | 3.75 | 3.54 | 2.90 | 2.99 | 3.19 | 3.00 | 2.69 |
| Revenue growth | 0.3% | -0.9% | 2.6% | 6.1% | 22.2% | -3.3% | -6.1% | 6.4% | 11.6% | — |
| Gross profit | 1.49 | 1.46 | 1.48 | 1.33 | 1.31 | 1.11 | 1.18 | 1.31 | 1.23 | 1.11 |
| Gross margin | 38.8% | 38.1% | 38.5% | 35.4% | 37.0% | 38.3% | 39.5% | 41.0% | 41.1% | 41.5% |
| Operating income | 0.73 | 0.70 | 0.74 | 0.66 | 0.61 | 0.44 | 0.47 | 0.55 | 0.51 | 0.45 |
| Operating margin | 19.0% | 18.3% | 19.2% | 17.5% | 17.2% | 15.2% | 15.5% | 17.1% | 17.0% | 16.8% |
| Net income | 0.55 | 0.53 | 0.56 | 0.24 | 0.49 | 0.34 | 0.37 | 0.44 | 0.30 | 0.33 |
| Net margin | 14.3% | 14.0% | 14.4% | 6.3% | 13.8% | 11.9% | 12.4% | 13.9% | 9.9% | 12.2% |
| Diluted EPS | $3.85 | $3.63 | $3.69 | $1.51 | $3.02 | $2.13 | $2.23 | $2.58 | $1.70 | $1.84 |
| Free cash flow | 0.55 | 0.47 | 0.60 | 0.32 | 0.57 | 0.51 | 0.39 | 0.36 | 0.23 | 0.37 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open AOS in Markets.
How A. O. Smith makes money
Revenue by segment in the quarter to September 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| North America | $762M | 79.8% |
| Rest Of World | $193M | 20.2% |
See also: AOS valuation and P/E history · AOS returns
No forecast, no recommendation. This page describes A. O. Smith from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.