Direct Answer
A. O. Smith reported revenue of $3.8 billion for the fiscal year ended December 31, 2025, with an operating margin of 19.0% and net income of $546 million, according to its SEC filings. Revenue grew 0.3% from the prior year.
What Are A. O. Smith's Key Financial Figures?
| Fiscal year | FY2025 ended December 31, 2025 | FY2024 ended December 31, 2024 | FY2023 ended December 31, 2023 | FY2022 ended December 31, 2022 |
|---|---|---|---|---|
| Revenue | $3.8 billion | $3.8 billion | $3.9 billion | $3.8 billion |
| Operating income | $729 million | $708 million | $746 million | $362 million |
| Operating margin | 19.0% | 18.5% | 19.3% | 9.6% |
| Net income | $546 million | $534 million | $557 million | $236 million |
| Net margin | 14.3% | 14.0% | 14.4% | 6.3% |
| Operating cash flow | $617 million | $582 million | $670 million | $391 million |
| Capital expenditures | $71 million | $108 million | $73 million | $70 million |
| Free cash flow | $546 million | $474 million | $598 million | $321 million |
Operating margin held roughly steady between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $546 million against net income of $546 million; cash generation fell short of reported earnings, which is worth reconciling in the cash flow statement.
What Does A. O. Smith's Balance Sheet Show?
| Cash and cash equivalents | $175 million |
|---|---|
| Long-term debt | $113 million |
| Total assets | $3.1 billion |
| Total liabilities | $1.3 billion |
| Shareholders' equity | $1.9 billion |
| Current ratio | 1.5x |
Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions.
Where These Numbers Come From
Every figure on this page is a value A. O. Smith reported in its own SEC filings, read from the SEC's XBRL data (accession 0000091142-26-000008 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 12, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary.
Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation.
Frequently Asked Questions
What was A. O. Smith's revenue in fiscal 2025?
A. O. Smith reported revenue of $3.8 billion for the fiscal year ended December 31, 2025, according to its SEC filings.
What is A. O. Smith's operating margin?
A. O. Smith's operating margin was 19.0% in fiscal 2025: operating income of $729 million on revenue of $3.8 billion.
How much free cash flow did A. O. Smith generate?
Operating cash flow of $617 million less capital expenditures of $71 million gives free cash flow of $546 million for fiscal 2025.