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Screener / SEC EDGAR /CIK 0000091142 /10-K filed Feb 10, 2026, compared with Feb 11, 2025 /Numbers from the XBRL of the 10-Ks
Industrials peers:
AXONROLPNRBEIEXAOS
NYSE Industrials · Household Appliances

A. O. Smith AOS

AOS quote by TradingView

Sales in our North America segment accounted for approximately 78 percent of our total sales in 2025. 10-K, Item 1

Employees
11,500
Headquarters
Milwaukee, WI
Next results
around Jan 28, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $3.8B through the costs to a net profit of $546.2M · income statement of the 10-K

19% operating margin
Revenue to Gross profit: $1.5BRevenue to Cost of revenue: $2.3BGross profit to Operating profit: $728.6MGross profit to Operating expenses: $758.8MOperating profit to Net profit: $546.2MOperating profit to Tax & other: $182.4MOperating expenses to R&D: $95.0MOperating expenses to Sales, admin & other: $663.8M Revenue: $3.8B REVENUE $3.8B +0% Y/Y Gross profit: $1.5B · 39% margin GROSS PROFIT $1.5B 39% margin · +2% Y/Y Cost of revenue: $2.3B · 61% of revenue COST OF REVENUE $2.3B 61% of revenue Operating profit: $728.6M · 19% margin OPERATING PROFIT $728.6M 19% margin · +3% Y/Y Operating expenses: $758.8M · 20% of revenue OPERATING EXPENSES $758.8M 20% of revenue Net profit: $546.2M · 14% margin NET PROFIT $546.2M 14% margin · +2% Y/Y Tax & other: $182.4M · 5% of revenue TAX & OTHER $182.4M 5% of revenue R&D: $95.0M · 2% of revenue R&D $95.0M 2% of revenue Sales, admin & other: $663.8M · 17% of revenue SALES, ADMIN & OTHER $663.8M 17% of revenue
Gross profit $1.5B 39% margin · +2% Y/Y
Operating profit $728.6M 19% margin · +3% Y/Y
Net profit $546.2M 14% margin · +2% Y/Y
The full income statement, year by year

AOS among Industrials peers

Six ratios from the latest 10-K. Each corner is the share of 81 peers the company is above, not a score.

Compare
Revenue growth: 0.3%, above 17% of 81 peers (their median 4.9%) REVENUE GROWTH 0.3% · above 17% Gross margin: 38.6%, above 51% of 51 peers (their median 38.1%) GROSS MARGIN 38.6% · above 51% Operating margin: 17.5%, above 49% of 71 peers (their median 17.5%) OPERATING MARGIN 17.5% · above 49% Net margin: 13.0%, above 49% of 81 peers (their median 13.0%) NET MARGIN 13.0% · above 49% FCF margin: 14.8%, above 59% of 78 peers (their median 13.0%) FCF MARGIN 14.8% · above 59% Return on capital: 22.3%, above 82% of 65 peers (their median 13.8%) RETURN ON CAPITAL 22.3% · above 82%
AOS Peer median Below the median

What changed

1 new risk paragraph. 10-K filed Feb 10, 2026 against Feb 11, 2025.

Risk factors
1 new paragraph, nothing like it in the previous 10-K
10-K Item 1A
Accounting checks
11 other checks clear
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
3 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

0facts worth reading about all 11 checks found nothing to note

  • Receivables +7.6% vs revenue +0.3% (+7.2 pts)
  • Cash from operations $616.8M vs net income $546.2M (FY ending Dec 31, 2025)
  • Inventory -9.9% vs revenue +0.3% (-10.2 pts)
8 more checks with nothing to note
  • Same auditor in both 10-Ks: Ernst & Young LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Product Warranty Liability
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

1 paragraph in Risk Factors that was not in the 10-K filed Feb 11, 2025. Quoted as filed.

  1. Item 1A · new paragraph · not in the 10-K filed Feb 11, 2025 10-K, ITEM 1A
    In 2025, we announced a strategic assessment of our China business. This may lead to uncertain outcomes, costs, and impacts that could negatively affect the company. The announcement might also cause uncertainty among employees, customers, suppliers, and investors that could have a material adverse effect on our financial position,…

New risk paragraphs, against peers

Latest 10-K of each, Industrials companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$3.8B$3.9B$3.8B$3.8B
Net income$235.7M$556.6M$533.6M$546.2M
Operating cash flow$391.4M$670.3M$581.8M$616.8M
Free cash flow$321.1M$597.7M$473.8M$546.0M

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$3.8B ▲ 0.3% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

3 filings in the last 30 days · SEC EDGAR

All filings

About the company

A. O. Smith, Milwaukee, WI · from the 10-K filed Feb 10, 2026

Sales in our North America segment accounted for approximately 78 percent of our total sales in 2025. This segment serves residential and commercial end markets with a broad range of products including: Water heaters. Our residential and commercial water heaters primarily come in sizes ranging from 40 to 80 gallon models. However, we also offer sizes as low as 2.5 gallon (point-of-use) and as high as 2,500 gallon products with varying efficiency ranges. We offer electric, natural gas and liquid propane tank-type models as well as tankless (gas and electric), heat pump and solar tank units.

Headquarters
Milwaukee, WI
Country
United States
Listed on
NYSE
Fiscal year ends
December 31
Last results
Oct 29, 2026
Incorporated in
DE

Employees, at the top of the page: "We employed approximately 11,500 employees as of December 31, 2025 with approximately 6,500 in North America and 5,000 in Rest of World" (10-K). Address and exchange: SEC's company file.

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Sources

The 10-K filed Feb 10, 2026 (open at SEC), compared with the 10-K filed Feb 11, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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