AOS Chart
About

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, homes, apartments, and condominiums, and other large commercial buildings; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and point-of-use carbon and reverse osmosis products for residences, restaurants, hotels, and offices. It also provides commercial water treatment and filtration products; expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, and related products and parts; and electric wall-hung, gas tankless, combi-boiler, and heat pump and solar water heaters. The company offers its products under the A. O. Smith, State, Lochinvar, Hague, Water-Right, Master Water, Atlantic Filter, Impact, and Water Tec brands. It distributes its products through independent wholesale plumbing distributors, as well as to retail channels consisting of hardware and home center chains, and manufacturer representative firms, as well as offers Aquasana branded products directly to consumers through e-commerce channels; and A. O. Smith branded water treatment products through dealer network and Amazon. A. O. Smith Corporation was founded in 1874 and is headquartered in Milwaukee, Wisconsin.

Fundamentals
Scroll to Statements
Sector Industrials Industry Specialty Industrial Mac Market Cap 9.39B
Enterprise Value 9.67B Income 546.20M Sales 3.83B
Book/sh 13.41 Cash/sh 1.40 Dividend Yield 201.00%
Payout 35.84% Employees 11500 IPO
P/E 17.64 Forward P/E 15.63 PEG
P/S 2.45 P/B 5.06 P/C
EV/EBITDA 11.89 EV/Sales 2.52 Quick Ratio 0.90
Current Ratio 1.50 Debt/Eq 10.97 LT Debt/Eq
EPS (ttm) 3.85 EPS next Y 4.34 EPS Growth 19.10%
Revenue Growth 0.00% Earnings 2026-05-05 ROA 14.26%
ROE 29.20% ROIC Gross Margin 38.83%
Oper. Margin 17.95% Profit Margin 14.26% Shs Outstand 112.38M
Shs Float 110.28M Short Float 6.33% Short Ratio 4.08
Short Interest 52W High 81.87 52W Low 58.83
Beta 1.30 Avg Volume 1.31M Volume 633.35K
Target Price $79.91 Recom Hold Prev Close $69.82
Price $67.92 Change -2.73%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$79.91
Mean price target
2. Current target
$67.92
Latest analyst target
3. DCF / Fair value
$68.26
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$67.92
Low
$69.00
High
$100.00
Mean
$79.91

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-02 main DA Davidson Neutral → Neutral $75
2026-01-30 main Citigroup Neutral → Neutral $78
2026-01-30 main Stifel Buy → Buy $85
2025-11-13 main DA Davidson Neutral → Neutral $75
2025-10-29 main Citigroup Neutral → Neutral $72
2025-10-29 main Stifel Buy → Buy $80
2025-07-28 main UBS Neutral → Neutral $76
2025-07-28 main Oppenheimer Outperform → Outperform $88
2025-07-25 main Stifel Buy → Buy $89
2025-07-25 main Baird Neutral → Neutral $82
2025-07-21 main Stifel Buy → Buy $81
2025-06-24 init JP Morgan — → Neutral $70
2025-04-30 main Stifel Buy → Buy $78
2025-04-30 main Baird Neutral → Neutral $76
2025-04-16 main Stifel Buy → Buy $75
2025-04-14 main Citigroup Neutral → Neutral $65
2025-01-31 main UBS Neutral → Neutral $74
2025-01-31 main Oppenheimer Outperform → Outperform $84
2025-01-31 main Stifel Buy → Buy $84
2025-01-14 up Oppenheimer Perform → Outperform $88
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 1104 82126.0 Sale at price 74.39 per share. SCHUH DARRELL W Officer 2026-03-04 00:00:00 D
1 1144 Stock Gift at price 0.00 per share. CARVER SAMUEL M Officer 2026-02-23 00:00:00 D
2 356 28439.0 Sale at price 79.88 per share. SCHUH DARRELL W Officer 2026-02-13 00:00:00 D
3 8598 686851.0 Stock Award(Grant) at price 79.88 per share. WHEELER KEVIN J. Officer and Director 2026-02-13 00:00:00 D
4 2254 180061.0 Stock Award(Grant) at price 79.88 per share. LAUBER CHARLES T. Chief Financial Officer 2026-02-13 00:00:00 D
5 338 27001.0 Stock Award(Grant) at price 79.88 per share. KARGE DOUGLAS SAMUEL Officer 2026-02-13 00:00:00 D
6 709 56638.0 Stock Award(Grant) at price 79.88 per share. CARVER SAMUEL M Officer 2026-02-13 00:00:00 D
7 791 Stock Award(Grant) at price 0.00 per share. O'BRIEN STEPHEN D Officer 2026-02-13 00:00:00 D
8 1633 130452.0 Stock Award(Grant) at price 79.88 per share. STERN JAMES F Officer 2026-02-13 00:00:00 D
9 1415 nan KARGE DOUGLAS SAMUEL Officer 2026-02-13 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems0.00-4.21M-4.53M0.00
TaxRateForCalcs0.240.240.240.21
NormalizedEBITDA813.70M804.10M842.60M310.00M
TotalUnusualItems0.00-17.60M-18.80M0.00
TotalUnusualItemsExcludingGoodwill0.00-17.60M-18.80M0.00
NetIncomeFromContinuingOperationNetMinorityInterest546.20M533.60M556.60M235.70M
ReconciledDepreciation85.10M78.80M78.30M76.90M
ReconciledCostOfRevenue2.34B2.36B2.37B2.42B
EBITDA813.70M786.50M823.80M310.00M
EBIT728.60M707.70M745.50M233.10M
NetInterestIncome-13.50M-6.70M-12.00M-9.40M
InterestExpense13.50M6.70M12.00M9.40M
NormalizedIncome546.20M546.99M570.87M235.70M
NetIncomeFromContinuingAndDiscontinuedOperation546.20M533.60M556.60M235.70M
TotalExpenses3.10B3.10B3.10B3.10B
DilutedAverageShares141.91M147.08M151.02M155.78M
BasicAverageShares141.03M147.08M151.02M151.18M
DilutedEPS3.853.633.691.51
BasicEPS3.873.633.691.56
DilutedNIAvailtoComStockholders546.20M533.60M556.60M235.70M
NetIncomeCommonStockholders546.20M533.60M556.60M235.70M
NetIncome546.20M533.60M556.60M235.70M
NetIncomeIncludingNoncontrollingInterests546.20M533.60M556.60M235.70M
NetIncomeContinuousOperations546.20M533.60M556.60M235.70M
TaxProvision168.90M167.40M176.90M-12.00M
PretaxIncome715.10M701.00M733.50M223.70M
OtherIncomeExpense600.00K-9.10M-11.90M-425.60M
OtherNonOperatingIncomeExpenses600.00K8.50M6.90M-425.60M
SpecialIncomeCharges0.00-17.60M-18.80M0.00
RestructuringAndMergernAcquisition0.0017.60M18.80M0.00
NetNonOperatingInterestIncomeExpense-13.50M-6.70M-12.00M-9.40M
InterestExpenseNonOperating13.50M6.70M12.00M9.40M
OperatingIncome728.00M716.80M757.40M658.70M
OperatingExpense759.40M739.30M727.40M670.90M
SellingGeneralAndAdministration759.40M739.30M727.40M670.90M
GrossProfit1.49B1.46B1.48B1.33B
CostOfRevenue2.34B2.36B2.37B2.42B
TotalRevenue3.83B3.82B3.85B3.75B
OperatingRevenue3.83B3.82B3.85B3.75B
Line Item2025-12-312024-12-312023-12-312022-12-31
TreasurySharesNumber52.17M46.39M43.18M39.53M
OrdinarySharesNumber138.54M144.32M147.53M151.18M
ShareIssued190.58M190.58M190.58M190.58M
TotalDebt192.10M216.70M155.20M366.90M
TangibleBookValue785.10M800.70M874.30M780.10M
InvestedCapital2.01B2.08B1.97B2.09B
WorkingCapital429.00M495.70M555.00M699.50M
NetTangibleAssets785.10M800.70M874.30M780.10M
CapitalLeaseObligations37.10M23.50M27.90M22.40M
CommonStockEquity1.86B1.88B1.84B1.75B
TotalCapitalization1.97B2.07B1.96B2.08B
TotalEquityGrossMinorityInterest1.86B1.88B1.84B1.75B
StockholdersEquity1.86B1.88B1.84B1.75B
GainsLossesNotAffectingRetainedEarnings-98.60M-111.90M-84.20M-82.40M
OtherEquityAdjustments-98.60M-111.90M-84.20M-82.40M
ForeignCurrencyTranslationAdjustments-80.30M-84.10M-44.70M
MinimumPensionLiabilities-4.60M-3.20M-287.30M
TreasuryStock2.90B2.50B2.20B1.91B
RetainedEarnings3.95B3.60B3.26B2.88B
AdditionalPaidInCapital614.40M601.30M578.20M555.90M
CapitalStock294.70M294.80M294.80M294.90M
CommonStock294.70M294.80M294.80M294.90M
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest1.28B1.36B1.37B1.58B
TotalNonCurrentLiabilitiesNetMinorityInterest422.30M459.30M424.20M650.40M
OtherNonCurrentLiabilities130.40M118.20M145.70M164.70M
EmployeeBenefits7.40M11.00M10.50M9.90M
NonCurrentPensionAndOtherPostretirementBenefitPlans7.40M11.00M10.50M9.90M
LongTermDebtAndCapitalLeaseObligation149.80M206.70M145.20M356.90M
LongTermCapitalLeaseObligation37.10M23.50M27.90M22.40M
LongTermDebt112.70M183.20M117.30M334.50M
LongTermProvisions134.70M123.40M122.80M118.90M
CurrentLiabilities862.50M897.20M945.30M934.20M
CurrentDebtAndCapitalLeaseObligation42.30M10.00M10.00M10.00M
CurrentDebt42.30M10.00M10.00M10.00M
OtherCurrentBorrowings42.30M10.00M10.00M10.00M
CurrentProvisions75.00M67.00M65.30M63.60M
PayablesAndAccruedExpenses745.20M820.20M870.00M860.60M
CurrentAccruedExpenses241.10M231.50M269.60M234.80M
Payables504.10M588.70M600.40M625.80M
AccountsPayable504.10M588.70M600.40M625.80M
TotalAssets3.14B3.24B3.21B3.33B
TotalNonCurrentAssets1.85B1.85B1.71B1.70B
OtherNonCurrentAssets97.00M102.80M108.70M110.50M
GoodwillAndOtherIntangibleAssets1.07B1.08B970.10M967.60M
OtherIntangibleAssets362.30M321.10M336.70M347.90M
Goodwill710.60M761.70M633.40M619.70M
NetPPE681.40M661.50M634.80M620.50M
AccumulatedDepreciation-929.30M-867.20M-821.10M-774.10M
GrossPPE1.61B1.53B1.46B1.39B
OtherProperties1.01B944.60M903.20M852.30M
MachineryFurnitureEquipment147.30M145.60M143.10M140.60M
BuildingsAndImprovements424.90M408.50M378.60M373.20M
LandAndImprovements30.40M30.00M31.00M28.50M
Properties0.000.000.000.00
CurrentAssets1.29B1.39B1.50B1.63B
OtherCurrentAssets36.70M43.30M43.50M54.30M
Inventory479.30M532.10M497.40M516.40M
InventoriesAdjustmentsAllowances-55.80M-49.40M-47.10M-49.30M
FinishedGoods180.10M196.10M177.70M174.40M
WorkInProcess43.70M42.40M44.20M42.10M
RawMaterials311.30M343.00M322.60M349.20M
Receivables582.30M541.40M596.00M581.20M
AccountsReceivable582.30M541.40M596.00M581.20M
AllowanceForDoubtfulAccountsReceivable-14.10M-12.90M-10.10M-9.50M
GrossAccountsReceivable596.40M554.30M606.10M590.70M
CashCashEquivalentsAndShortTermInvestments193.20M276.10M363.40M481.80M
OtherShortTermInvestments18.70M36.50M23.50M90.60M
CashAndCashEquivalents174.50M239.60M339.90M391.20M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow546.00M473.80M597.70M321.10M
RepurchaseOfCapitalStock-400.80M-305.80M-306.50M-403.50M
RepaymentOfDebt-1.12B-1.03B-906.10M
IssuanceOfDebt1.09B1.10B688.00M
CapitalExpenditure-70.80M-108.00M-72.60M-70.30M
EndCashPosition174.50M239.60M339.90M391.20M
BeginningCashPosition239.60M339.90M391.20M443.30M
EffectOfExchangeRateChanges4.20M-6.60M-12.80M-20.80M
ChangesInCash-69.30M-93.70M-38.50M-31.30M
FinancingCashFlow-633.10M-408.40M-684.70M-430.80M
CashFlowFromContinuingFinancingActivities-633.10M-408.40M-684.70M-430.80M
NetOtherFinancingCharges-700.00K
ProceedsFromStockOptionExercised1.00M18.10M23.40M-700.00K
CashDividendsPaid-195.70M-190.40M-183.50M-177.20M
CommonStockDividendPaid-195.70M-190.40M-183.50M-177.20M
NetCommonStockIssuance-400.80M-305.80M-306.50M-403.50M
CommonStockPayments-400.80M-305.80M-306.50M-403.50M
NetIssuancePaymentsOfDebt-37.60M69.70M-218.10M150.60M
NetLongTermDebtIssuance-37.60M69.70M-218.10M150.60M
LongTermDebtPayments-1.12B-1.03B-906.10M
LongTermDebtIssuance1.09B1.10B688.00M
InvestingCashFlow-53.00M-267.10M-24.10M8.10M
CashFlowFromContinuingInvestingActivities-53.00M-267.10M-24.10M8.10M
NetInvestmentPurchaseAndSale17.80M-13.20M65.30M86.40M
SaleOfInvestment60.50M60.50M128.40M178.00M
PurchaseOfInvestment-42.70M-73.70M-63.10M-91.60M
NetBusinessPurchaseAndSale0.00-145.90M-16.80M-8.00M
PurchaseOfBusiness0.00-145.90M-16.80M-8.00M
CapitalExpenditureReported-70.80M-108.00M-72.60M-70.30M
OperatingCashFlow616.80M581.80M670.30M391.40M
CashFlowFromContinuingOperatingActivities616.80M581.80M670.30M391.40M
ChangeInWorkingCapital-37.20M-45.60M12.80M-181.90M
ChangeInOtherWorkingCapital15.40M-22.40M-3.10M3.40M
ChangeInOtherCurrentAssets8.30M7.10M7.20M-9.10M
ChangeInPayablesAndAccruedExpense-81.40M-38.80M7.00M-135.90M
ChangeInAccruedExpense16.50M-32.90M28.40M-46.50M
ChangeInPayable-97.90M-5.90M-21.40M-89.40M
ChangeInAccountPayable-97.90M-5.90M-21.40M-89.40M
ChangeInInventory56.90M-40.50M18.10M-82.80M
ChangeInReceivables-36.40M49.00M-16.40M42.50M
StockBasedCompensation13.80M14.90M11.50M11.10M
AssetImpairmentCharge0.004.70M15.60M0.00
DeferredTax8.90M-4.60M-3.60M-167.70M
DeferredIncomeTax8.90M-4.60M-3.60M-167.70M
DepreciationAmortizationDepletion85.10M78.80M78.30M76.90M
DepreciationAndAmortization85.10M78.80M78.30M76.90M
OperatingGainsLosses-900.00K417.30M
PensionAndEmployeeBenefitExpense0.000.00-900.00K417.30M
NetIncomeFromContinuingOperations546.20M533.60M556.60M235.70M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for AOS
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status