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Companies / Industrials / A. O. Smith
AOS

A. O. Smith

IndustrialsElectronic EquipmentS&P 500
Ticker AOSMILWAUKEE, WIFiscal year ends DecemberBook value per share $13.30Diluted shares 138.5M

A. O. Smith Corporation (NYSE: AOS) manufactures and markets water heaters, boilers, heat pumps, tanks and water treatment products for residential and commercial customers. It reports two segments: North America, which generated approximately 78% of sales in 2025, and Rest of World, which generated approximately 22%;… From the company’s description.

In fiscal 2025, A. O. Smith reported revenue of $3.83B, up 0.3% from fiscal 2024, and net income of $546.20M. Its operating margin was 19.0%, and operations generated $616.80M in cash. Over the twelve months to Jun 30, 2026, revenue was $3.80B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$3.83BFY2025
+0.3% year over year
Last 12 mo $3.80B
19.01%FY2025
+0.5 percentage points
Last 12 mo 17.57%
$546.20MFY2025
+2.4% year over year
Last 12 mo $500.30M
29.40%FY2025
+0.4 percentage points
Last 12 mo 27.16%
Cash & financing
$616.80MFY2025
+6.0% year over year
Last 12 mo $692.30M
$546.00MFY2025
+15.2% year over year
Last 12 mo $639.40M
0.08FY2025
Was 0.10× a year earlier
Last 12 mo 0.35
141.9MFY2025
−3.5% year over year
Last 12 mo 138.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What A. O. Smith does

In the company’s own words

A. O. Smith Corporation (NYSE: AOS) manufactures and markets water heaters, boilers, heat pumps, tanks and water treatment products for residential and commercial customers. It reports two segments: North America, which generated approximately 78% of sales in 2025, and Rest of World, which generated approximately 22%; the latter primarily includes China, India and Europe. Products include gas and electric tank and tankless water heaters, residential and commercial boilers, water softeners, filtration and reverse-osmosis systems, and commercial water treatment equipment. The company also sells kitchen appliances and connected-product technology in China. Products reach customers through wholesale plumbing distributors, retail and maintenance channels, water-quality dealers, contractors and e-commerce. Its brands include A. O. Smith, State, Lochinvar, Aquasana and Pureit, among others. The company acquired Pureit in 2024, expanding its residential water purification business in India and other South Asian markets. A. O. Smith employed approximately 11,500 people as of December 31, 2025. Its website is www.aosmith.com.

Company details
Sector
Industrials
Industry (SIC)
Electronic Equipment
Headquarters
MILWAUKEE, WI
Fiscal year end
December
CIK
91142
SIC
3630

Financial performance, year by year

Fiscal 2013–2025 · USD
$-385.28M$770.56M$1.93B$3.08B$4.24B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns A. O. Smith — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

594
funds hold it
0 of 35
superinvestors hold it
$3.47B
held by funds, at market
51.2%
of shares held by funds

Largest fund holders · A. O. Smith’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.09%of fund net assets
Invesco S&P 500 Equal Weight ETF
RSP · Invesco Exchange-Traded Fund Trust
—of fund net assets
1.28%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do A. O. Smith and its peers compare on margins and cash generation over ten years?”
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