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Stocks / United States / AOS · Household Appliances · NYSE

Smith A O Corp. (AOS)

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Smith A O Corp. (AOS) reported revenue of $1.0 billion for Q2 FY2026, the quarter ended 30 June 2026, down 0.7% on the same quarter a year earlier. Net income was $125 million, down 17.9% on the year, and diluted earnings per share $0.91. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.

Revenue$1.0 billiondown 0.7%
Net income$125 milliondown 17.9%
Diluted EPS$0.91
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE27.2%
ROCE27.3%
Operating margin17.5%
Net margin13.1%
FCF margin16.8%
Interest cover31.43
Debt to equity0.32
Cash conversion1.38
Share count, 1 yearn/a
Sales CAGR, 3 years0.7%
Profit CAGR, 3 years32.3%
EPS, TTM$3.59

At the close of 21 September 2026

Price$56.96
Market cap$7.9 billion
Stock P/E15.87
Price to book4.26
EV / EBITDA10.90
Dividend yield2.4%
Market cap / sales2.06
52-week high$80.47
52-week low$55.78
Price, 1 year-22.1%
Price CAGR, 3 years-4.1%
Price CAGR, 5 years-2.2%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as Smith A O Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on AOS

Filings17 in twelve months: 9 current reports (8-K), about 4 results of operations; 3 other events; 2 officer or director change; 1 shareholder vote; 1 new financial obligation
Planned insider sales1 Form 144 notice in twelve months, $82,126; latest 4 March 2026
Options tapeput/call 1.09 by open interest on 23 September 2026; the straddle prices a 5.7% move to 16 October 2026
Holders8 of the followed funds hold it; largest FMR LLC; 3 Schedule 13D or 13G filings in twelve months
Insider trading2 sales and 0 purchases on Form 4 in twelve months
Congress2 House trades disclosed in six months
Short interest10.5 million shares short, 8.00 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue9389889791,0249039129641,0119429129461,004
Cost of revenue581618594628565574588614578562580616
Gross profit356370385396337338375397364350366388
Gross margin38%37%39%39%37%37%39%39%39%38%39%39%
SG&A175185192188177182193191189187204198
Operating income193195216224176n/a184206175163162166
Operating margin21%20%22%22%20%n/a19%20%19%18%17%17%
Interest expense2.41.11.01.81.52.42.94.63.62.47.18.1
Pre-tax income176177193207157145181202172161155158
Tax rate23%22%23%24%23%24%25%25%23%22%24%21%
Net income135137148156120110137152132125118125
Net margin14%14%15%15%13%12%14%15%14%14%12%12%
Diluted EPS$0.90$0.91$1.00$1.06$0.82$0.75$0.95$1.07$0.94$0.89$0.85$0.91
Operating cash flow17923110757.419622238.7140255183129124
Capital expenditure18.529.922.022.932.530.621.317.114.817.610.510.0
Free cash flow16020184.634.516319117.4122241166119114
Buybacks91.814574.578.783.968.712113184.165.451.3111
Dividends paid45.147.847.346.946.749.549.248.347.650.650.249.6
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 10 fiscal years and the trailing twelve months

FY2016 FY2017 FY2018FY2019FY2020FY2021FY2022FY2023 FY2024FY2025TTM
Revenue2,6862,9973,1882,9932,8953,5393,7543,8533,8183,8303,805
Cost of revenue1,5721,7641,8821,8121,7872,2282,4242,3682,3622,3432,336
Gross profit1,1141,2321,3061,1811,1081,3111,3301,4851,4561,4871,468
Gross margin41.5%41.1%41.0%39.5%38.3%37.0%35.4%38.5%38.1%38.8%38.6%
Research and development80.186.494.087.980.794.289.097.510295.0n/a
Selling, general and administrative662723754716660701671727739759777
Operating income515578613529503682362746708729666
Operating margin19.2%19.3%19.2%17.7%17.4%19.3%9.6%19.3%18.5%19.0%17.5%
Interest expense7.310.18.411.07.34.39.412.06.713.521.2
Pre-tax income462521558472444626224734701715645
Income tax13622411410299.0138-12.0177167169145
Effective tax rate29.4%43.1%20.4%21.6%22.3%22.1%-5.4%24.1%23.9%23.6%22.4%
Net income326296444370345487236557534546500
Net margin12.2%9.9%13.9%12.4%11.9%13.8%6.3%14.4%14.0%14.3%13.1%
Diluted EPS$1.85$1.70$2.58$2.22$2.12$3.02$1.51$3.69$3.63$3.85$3.59
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2016 FY2017 FY2018FY2019FY2020FY2021FY2022FY2023 FY2024FY2025TTM
Operating cash flow447326449456562641391670582617692
Capital expenditure80.794.285.264.456.875.170.372.610870.852.9
Free cash flow366232364392505566321598474546639
Free cash flow margin13.6%7.7%11.4%13.1%17.5%16.0%8.6%15.5%12.4%14.3%16.8%
Depreciation and amortisation65.170.171.978.380.077.976.978.378.885.192.4
Share-based compensation9.49.910.113.312.711.911.111.514.913.814.5
Buybacks13513920328856.7366404306306401312
Dividends paid84.296.9130149159170177184190196198
Dividend per share$0.48$0.56$0.76$0.90$0.98$1.06$1.14$1.22$1.30$1.38n/a
Diluted shares, weighted177m175m172m167m163m161m156m151m147m142m138m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2016 FY2017 FY2018FY2019FY2020FY2021FY2022FY2023 FY2024FY2025TTM
Total assets2,8913,1973,0723,0583,1613,4743,3323,2143,2403,1433,644
Cash and equivalents330347260374573443391340240174181
Receivables519593647590585634581596541582670
Inventory251297305303300448516497532479483
Goodwill492517513546547628620633762711915
Long-term debt324410221284113197344127193155598
Borrowings, as the company tags them134128120120113146136127163155n/a
Operating lease liabilitiesn/an/a0.038.734.422.322.427.923.537.139.2
Shareholders' equity1,5111,6451,7171,6671,8481,8321,7481,8441,8841,8581,842
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a5.8%0.7%0.4%
Profit growth, compoundedn/a9.6%32.3%-3.5%
Return on equity, average23.4%25.6%29.3%29.4%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Filings

FilingPeriodFiledWhere
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 202630 April 2026EDGAR
10-K31 December 202510 February 2026EDGAR
10-Q30 September 202528 October 2025EDGAR
10-Q30 June 202524 July 2025EDGAR
10-Q31 March 202529 April 2025EDGAR
10-K31 December 202411 February 2025EDGAR
10-Q30 September 202423 October 2024EDGAR
10-Q30 June 202424 July 2024EDGAR
10-Q31 March 202426 April 2024EDGAR

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