AOSA. O. Smith

Industrials · Household Appliances · NYSE

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

The biggest changes in the 10-K filed 2026-02-10, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.

Gross margin

38.1% → 38.8% (+0.7 pts) FY to 2025-12-31 vs 2024-12-31

“The higher gross profit margin in 2025 compared to 2024 was primarily driven by the benefits of pricing actions implemented early in 2025 to address increased input costs in North America and higher mix of commercial water heaters and boilers.”
Read it in the 10-K ↗

Cash from operations

+6.0% FY to 2025-12-31 vs 2024-12-31

“Cash provided by operations in 2025 was $616.8 million and higher than $581.8 million in 2024, primarily as a result of higher earnings and a one-time tax adjustment related to a tax law change that benefited 2025.”
Read it in the 10-K ↗

Operating margin

18.5% → 19.0% (+0.5 pts) FY to 2025-12-31 vs 2024-12-31

The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.

Net income

+2.4% FY to 2025-12-31 vs 2024-12-31

“The decrease in other income - net was driven by lower foreign currency translation losses compared to the prior year and lower interest income from lower average cash balances.”
Read it in the 10-K ↗

Revenue

+0.3% FY to 2025-12-31 vs 2024-12-31

“In our North America segment, water heater sales increased one percent in 2025 compared to 2024 as pricing benefits and higher commercial volumes were partially offset by lower wholesale residential volumes.”
Read it in the 10-K ↗

“Our boiler sales grew eight percent in 2025 primarily due to higher volumes and pricing benefits.”
Read it in the 10-K ↗

Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗

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