$56.73
-0.32%A. O. Smith Corporation manufactures and markets residential and commercial gas, heat pump and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; commercial boilers for hospitals, schools, hotels, and other large commercial buildings, as well as residential boilers for homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, on-the-go filtration bottles, point-of-use carbon, and reverse osmosis products for residences, restaurants, hotels, and offices. It also provides food and beverage filtration products; expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, and related products and parts; and heat pumps, electric wall-hung, gas tankless, combi-boiler, heat pump and solar water heaters. The company offers its products primarily under the A. O. Smith, State, Lochinvar, and water softener brands. It distributes its products through independent wholesale plumbing distributors, as well as through retail channels consisting of hardware and home center chains, and manufacturer representative firms; and offers Aquasana branded products directly to consumers through e-commerce, as well as other online retailers. A. O. Smith Corporation was founded in 1874 and is headquartered in Milwaukee, Wisconsin.
Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.
Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.
Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.
AOS โข NYSE
| A. O. Smith Corporation Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
546.2M | 533.6M | 556.6M | 235.7M | 487.1M | 344.9M | 370M | 444.2M | 296.5M | 326.5M | 282.9M | 207.8M | 169.7M | 162.6M | 111.2M | 57.1M | 89.6M | 81.9M | 88.2M | 76.2M | |
85.1M | 78.8M | 78.3M | 76.9M | 77.9M | 80M | 78.3M | 71.9M | 70.1M | 65.1M | 63M | 59.8M | 59.7M | 54.6M | 47M | 40.8M | 67.5M | 66.3M | 67.5M | 60.9M | |
8.9M | -4.6M | -3.6M | -167.7M | -159.8M | -79.7M | -136.6M | 0.0 | 81.8M | 6.9M | -8.8M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
13.8M | 14.9M | 11.5M | 11.1M | 11.9M | 12.7M | 13.3M | 10.1M | 9.9M | 9.4M | 8.8M | 10.8M | 10.5M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
0.0 | 4.7M | 14.7M | 417.3M | 159.8M | 79.7M | 136.6M | 0.0 | -81.8M | -8.1M | -500K | 16.1M | 15M | -53.5M | -21.1M | 73.2M | -3.3M | 0.0 | 0.0 | 15.7M | |
-37.2M | -45.6M | 12.8M | -181.9M | 64.2M | 124.5M | -5.4M | -77.3M | -50.1M | 46.8M | -1M | -30.6M | 24.7M | -19.9M | -82.1M | -46.3M | 113.8M | -41.6M | 34.8M | -11.4M | |
616.8M | 581.8M | 670.3M | 391.4M | 641.1M | 562.1M | 456.2M | 448.9M | 326.4M | 446.6M | 344.4M | 263.9M | 279.6M | 143.8M | 55M | 124.8M | 267.6M | 106.6M | 190.5M | 141.4M | |
INVESTING ACTIVITIES | ||||||||||||||||||||
-70.8M | -108M | -72.6M | -70.3M | -75.1M | -56.8M | -64.4M | -85.2M | -94.2M | -80.7M | -72.7M | -86.1M | -97.7M | -69.9M | -53.5M | -53.5M | -57M | -66.1M | -71.4M | -68.2M | |
(0.0) | -145.9M | -16.8M | -8M | -207.6M | (56.8M) | -107M | (85.2M) | -43.1M | -90.8M | (72.7M) | (86.1M) | -4M | -13.5M | -417.4M | -11.8M | -78.5M | (0.0) | (0.0) | -340.7M | |
-42.7M | -73.7M | -63.1M | -91.6M | -185.4M | -157.4M | -272.7M | -523.4M | -583.5M | -563.8M | -428.8M | -321.9M | -132.7M | -311.4M | (0.0) | -48M | (57M) | (0.0) | (0.0) | -41M | |
60.5M | 60.5M | 128.4M | 178M | 118.2M | 226M | 478M | 595.9M | 562.7M | 435.1M | 315.4M | 202M | 226.2M | 308M | 0.0 | 4.6M | 8.9M | 12M | 0.0 | 53.2M | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -56.8M | 0.0 | -85.2M | 0.0 | 0.0 | -72.7M | -86.1M | 0.0 | 0.0 | 600.2M | 42.2M | -47.4M | 0.0 | 0.0 | 0.0 | |
-53M | -267.1M | -24.1M | (8.1M) | -349.9M | (11.8M) | (33.9M) | -12.7M | -158.1M | -300.2M | -186.1M | -206M | -8.2M | -86.8M | (129.3M) | -66.5M | -117M | -54.1M | -71.4M | -396.7M | |
FINANCING ACTIVITIES | ||||||||||||||||||||
-399.8M | -305.8M | -306.5M | -403.5M | -366.5M | -56.7M | -287.7M | -202.6M | -139.1M | -135.2M | -128.1M | -103.8M | -73.7M | -22M | -23.5M | 0.0 | 7.7M | 0.0 | -36.6M | 8.3M | |
-37.6M | 69.7M | -218.1M | 150.6M | 83.5M | -170.8M | 62.6M | -189M | 86.5M | 74.1M | 28.1M | 34.2M | -51.5M | -218.8M | 200.2M | 5M | -91.1M | -40.1M | -61M | 268.9M | |
-195.7M | -190.4M | -183.5M | -177.2M | -170.1M | -158.7M | -149.2M | -130.1M | -96.9M | -84.2M | -67.8M | -54.4M | -42.6M | -33.2M | -27.7M | -24.7M | -21.4M | -22.3M | -21.5M | -20.1M | |
-400.8M | -305.8M | -306.5M | -403.5M | -366.5M | -56.7M | -287.7M | -202.6M | -139.1M | -135.2M | -128.1M | -103.8M | -73.7M | -22M | -23.5M | (0.0) | (0.0) | (0.0) | -36.6M | (0.0) | |
0.0 | 18.1M | 23.4M | -700K | 32.1M | 11.4M | -1.5M | -1.4M | -2.6M | 5.7M | 13.7M | 4.8M | 10.2M | 20.5M | 11.2M | 4M | -4.8M | 2.1M | 11.4M | 0.0 | |
-633.1M | -408.4M | -684.7M | -430.8M | -421M | -374.8M | -375.8M | -523.1M | -152.1M | -139.6M | -154.1M | -119.2M | -157.6M | -253.5M | 160.2M | -15.7M | -109.6M | -60.3M | -107.7M | 257.1M | |
CASH FLOW SUMMARY | ||||||||||||||||||||
4.2M | -6.6M | -12.8M | -20.8M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
-65.1M | -100.3M | -51.3M | -52.1M | -129.8M | 199.1M | 114.3M | -86.9M | 16.2M | 6.8M | 4.2M | -61.3M | 113.8M | -196.5M | 344.5M | 42.6M | 41M | -7.8M | 11.4M | 1.8M | |
239.6M | 339.9M | 391.2M | 443.3M | 573.1M | 374M | 259.7M | 346.6M | 330.4M | 323.6M | 319.4M | 380.7M | 266.9M | 463.4M | 118.9M | 76.3M | 35.3M | 37.2M | 25.8M | 24M | |
174.5M | 239.6M | 339.9M | 391.2M | 443.3M | 573.1M | 374M | 259.7M | 346.6M | 330.4M | 323.6M | 319.4M | 380.7M | 266.9M | 463.4M | 118.9M | 76.3M | 29.4M | 37.2M | 25.8M | |
546M | 473.8M | 597.7M | 321.1M | 566M | 505.3M | 391.8M | 363.7M | 232.2M | 365.9M | 271.7M | 177.8M | 181.9M | 73.9M | 1.5M | 71.3M | 210.6M | 40.5M | 119.1M | 73.2M |
AOS - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 19, 2026 | May 19, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 30, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 30, 2026 | April 30, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 17, 2026 | April 13, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | March 04, 2026 | April 13, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 10, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | January 29, 2026 | January 29, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 06, 2026 | January 05, 2026 | 2026 | |
8-K 8-K 2025 N/A | November 12, 2025 | November 12, 2025 | 2025 | |
10-Q 10-Q 2025 Q3 Q3 | October 28, 2025 | September 30, 2025 | 2025 |
Continue your AOS research with focused valuation guides.
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.