A.O. Smith (AOS) | Financial Analysis & Statements

A.O. Smith Corporation | Mid-cap | Industrials

$67.92

-0.25%

A.O. Smith vs Eaton A.O. Smith vs Parker Hannifin A.O. Smith vs Regal Rexnord A.O. Smith vs Donaldson Company A.O. Smith vs Watts Water A.O. Smith vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 3.8B

Gross Profit 1.5B 38.14%

Operating Income 716.8M 18.77%

Net Income 533.6M 13.98%

EPS (Diluted) $3.63

Balance Sheet Metrics

Total Assets 3.2B

Total Liabilities 1.4B

Shareholders Equity 1.9B

Debt to Equity 0.72

Cash Flow Metrics

Operating Cash Flow 610.0M

Free Cash Flow 473.8M

Revenue & Profitability Trend

A.O. Smith Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue	3.8B	3.9B	3.8B	3.5B	2.9B
Cost of Goods Sold	2.4B	2.4B	2.4B	2.2B	1.8B
Gross Profit	1.5B	1.5B	1.3B	1.3B	1.1B
Operating Expenses	739.3M	727.4M	670.9M	701.4M	660.3M
Operating Income	716.8M	757.4M	658.7M	609.5M	447.9M
Pre-tax Income	701.0M	733.5M	223.7M	625.6M	443.9M
Income Tax	167.4M	176.9M	-12.0M	138.5M	99.0M
Net Income	533.6M	556.6M	235.7M	487.1M	344.9M
EPS (Diluted)	$3.63	$3.69	$1.51	$3.02	$2.12

Income Statement Trend

A.O. Smith Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets	1.4B	1.5B	1.6B	1.8B	1.6B
Non-Current Assets	1.8B	1.7B	1.7B	1.7B	1.5B
Total Assets	3.2B	3.2B	3.3B	3.5B	3.2B
Liabilities
Current Liabilities	897.2M	945.3M	934.2M	1.1B	886.3M
Non-Current Liabilities	459.3M	424.2M	650.4M	523.4M	426.1M
Total Liabilities	1.4B	1.4B	1.6B	1.6B	1.3B
Equity
Total Shareholders Equity	1.9B	1.8B	1.7B	1.8B	1.8B

Balance Sheet Composition

A.O. Smith Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income	533.6M	556.6M	235.7M	487.1M	344.9M
Operating Cash Flow	610.0M	627.2M	20.6M	584.8M	532.8M
Investing Activities
Capital Expenditures	-	-	-	-	-
Investing Cash Flow	-159.1M	48.5M	78.4M	-274.8M	68.6M
Financing Activities
Dividends Paid	-190.4M	-183.5M	-177.2M	-170.1M	-158.7M
Financing Cash Flow	-496.2M	-490.0M	-581.4M	-536.6M	-215.4M
Free Cash Flow	473.8M	597.7M	321.1M	566.0M	505.3M

Cash Flow Trend

A.O. Smith Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 17.92

Forward P/E 15.76

Price to Book 4.91

Price to Sales 2.40

PEG Ratio 15.76

Profitability Ratios

Profit Margin 13.74%

Operating Margin 18.97%

Return on Equity 27.97%

Return on Assets 13.35%

Financial Health

Current Ratio 1.61

Debt to Equity 15.95

Beta 1.21

Per Share Data

EPS (TTM) $3.58

Book Value per Share $13.05

Revenue per Share $26.21

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
aos	9.1B	17.92	4.91	27.97%	13.74%	15.95
Eaton	130.3B	33.56	7.04	20.81%	15.55%	58.00
Parker Hannifin	84.9B	25.57	6.34	27.15%	17.14%	69.95
Regal Rexnord	9.4B	40.29	1.46	3.71%	3.96%	84.82
Donaldson Company	8.1B	23.58	5.56	24.58%	9.94%	49.34
Watts Water	8.2B	28.19	4.64	17.60%	13.07%	11.18

Financial data is updated regularly. All figures are in the company's reporting currency.