A. O. Smith Corporation (AOS) — Financial statements
Income statement, balance sheet, and cash flow for A. O. Smith Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 3,830↑0.3% | 3,818↓0.9% | 3,853↑2.6% | 3,754↑6.1% | 3,539 | |
| Cost of Revenue | 2,343↓0.8% | 2,362↓0.3% | 2,368↓2.3% | 2,424↑8.8% | 2,228 | |
| Gross Profit | 1,487↑2.1% | 1,456↓1.9% | 1,485↑11.7% | 1,330↑1.4% | 1,311 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00↓100.0% | 102↑4.3% | 98↑9.6% | 89↓5.5% | 94 | |
| General & Administrative Expenses | 0.00↓100.0% | 657 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 100 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 759↑0.3% | 757↑4.1% | 727↑8.4% | 671↓4.3% | 701 | |
| Other Expenses | 0.00↑100.0% | -120↓22.9% | -98↓9.6% | -89↑5.5% | -94 | |
| Operating Expenses | 759↑2.7% | 739↑1.6% | 727↑8.4% | 671↓4.3% | 701 | |
| Total Costs & Expenses | 3,102↑0.0% | 3,101↑0.2% | 3,095↑0.0% | 3,095↑5.7% | 2,929 | |
| Operating Results | ||||||
| Operating Income | 728↑1.6% | 717↓5.4% | 757↑15.0% | 659↑8.1% | 610 | |
| Depreciation & Amortization | 63↓20.3% | 79↑0.6% | 78↑1.8% | 77↓1.3% | 78 | |
| EBITDA | 792↑0.7% | 787↓4.5% | 824↑165.7% | 310↓56.2% | 708 | |
| EBIT | 729↑3.1% | 708↓5.1% | 746↑219.8% | 233↓63.0% | 630 | |
| Interest & Other Income | ||||||
| Net Interest Income | -14↓101.5% | -7↑44.2% | -12↓27.7% | -9↓118.6% | -4 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 14↑101.5% | 7↓44.2% | 12↑27.7% | 9↑118.6% | 4 | |
| Non-Operating Income | -0.60↓106.6% | 9↓23.5% | 12↓97.2% | 426↑2186.3% | -20 | |
| Other Income / Expenses | -13↑18.4% | -16↑33.9% | -24↑94.5% | -435↓2801.9% | 16 | |
| Income Before Tax | 715↑2.0% | 701↓4.4% | 734↑227.9% | 224↓64.2% | 626 | |
| Income Tax Expense | 169↑0.9% | 167↓5.4% | 177↑1574.2% | -12↓108.7% | 139 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 546↑2.4% | 534↓4.1% | 557↑136.1% | 236↓51.6% | 487 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 546↑2.4% | 534↓4.1% | 557↑136.1% | 236↓51.6% | 487 | |
| Bottom-Line Net Income | 546↑2.4% | 534↓4.1% | 557↑136.1% | 236↓51.6% | 487 | |
| EPS (Basic) | 3.86↑5.8% | 3.65↓1.6% | 3.71↑144.1% | 1.52↓50.2% | 3.05 | |
| EPS (Diluted) | 3.86↑6.3% | 3.63↓1.6% | 3.69↑144.4% | 1.51↓50.0% | 3.02 | |
| Weighted Average Shares | 140↓4.8% | 147↓2.0% | 150↓3.1% | 155↓3.2% | 160 | |
| Weighted Average Diluted Shares | 140↓4.9% | 147↓2.6% | 151↓3.1% | 156↓3.4% | 161 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.