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AOS · NYSE · United States · Household Appliances
In shortSMITH A O CORP is profitable, generates cash and holds more cash than debt, with revenue stable (+0.3% last year).
Financial health
Strong
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 19.0% | 80/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 14.3% | 77/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 29.2% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 27.6% | 100/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.50× | 58/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.08× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 53.97× | 100/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 8.07 | 100/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 14.3% | 77/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.00× | 87/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 9.4% | 76/100 |
| Operating margin volatility | 4.2% | 71/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 0.7% | 20/100 |
|---|---|---|
| EPS growth, 3-year average | 36.6% | 100/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 3,539 | 3,754 | 3,853 | 3,818 | 3,830 |
| Cost of revenue | 2,228 | 2,424 | 2,368 | 2,362 | 2,343 |
| Gross profit | 1,311 | 1,330 | 1,485 | 1,456 | 1,487 |
| Research & development | 94 | 89 | 98 | 102 | 95 |
| Selling, general & admin | 701 | 671 | 727 | 739 | 759 |
| Operating income | 682 | 362 | 746 | 708 | 729 |
| Interest expense | 4.3 | 9.4 | 12 | 6.7 | 14 |
| Pre-tax income | 626 | 224 | 734 | 701 | 715 |
| Income tax | 139 | (12) | 177 | 167 | 169 |
| Net income | 487 | 236 | 557 | 534 | 546 |
| Diluted EPS | $3.02 | $1.51 | $3.69 | $3.63 | $3.85 |
| Diluted shares (millions) | 161 | 156 | 151 | 147 | 142 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of SMITH A O CORP are included in the Investor plan. Try free for 7 days →
8.07 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
8/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Jul 30, 2026