A. O. SmithAOSEarnings & Financial Report
A. O. Smith Corporation is an American manufacturer of both residential and commercial water heaters and boilers, and the largest manufacturer and marketer of water heaters in North America. It also supplies water treatment and purification products in the Asian market. The company has 27 locations worldwide, including five manufacturing facilities in North America, as well as plants in Bengaluru in India, Nanjing in China and Veldhoven in The Netherlands.
Revenue
$942.5M
Gross Profit
$364.5M
Operating Profit
$175.4M
Net Profit
$132.0M
Gross Margin
38.7%
Operating Margin
18.6%
Net Margin
14.0%
YoY Growth
4.4%
EPS
$0.94
A. O. Smith Q3 FY2025 Financial Summary
A. O. Smith reported revenue of $942.5M (up 4.4% YoY) for Q3 FY2025, with a net profit of $132.0M (up 9.9% YoY) (14.0% margin). Cost of goods sold was $578.0M, operating expenses totaled $189.1M.
Key Financial Metrics
| Total Revenue | $942.5M |
|---|---|
| Net Profit | $132.0M |
| Gross Margin | 38.7% |
| Operating Margin | 18.6% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
A. O. Smith Q3 FY2025 revenue of $942.5M breaks down across 4 segments, led by Water Heaters And Related Parts at $604.9M (64.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Water Heaters And Related Parts | $604.9M | 64.2% |
| Other | $199.7M | 21.2% |
| Boilers And Related Parts | $78.0M | 8.3% |
| Water Treatment Products And Related Parts | $59.9M | 6.4% |
A. O. Smith Revenue by Segment — Quarterly Trend
A. O. Smith revenue by segment across the last 4 reported quarters, showing how each business line (such as Water Heaters And Related Parts and Other) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Water Heaters And Related Parts | — | — | $604.9M | $644.4M |
| Other | — | $40.5M | $199.7M | $232.3M |
| Boilers And Related Parts | — | — | $78.0M | $71.2M |
| Water Treatment Products And Related Parts | — | — | $59.9M | $63.4M |
A. O. Smith Annual Revenue by Year
A. O. Smith annual revenue history includes year-by-year totals (for example, 2025 revenue was $3.8B).
| Year | Annual Revenue |
|---|---|
| 2025 | $3.8B |
| 2024 | $3.8B |
| 2023 | $3.9B |
| 2022 | $3.8B |
A. O. Smith Quarterly Revenue & Net Profit History
A. O. Smith results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $945.6M | -2.0% | $118.0M | 12.5% |
| Q4 FY2025 | $912.5M | +0.0% | $125.4M | 13.7% |
| Q3 FY2025 | $942.5M | +4.4% | $132.0M | 14.0% |
| Q2 FY2025 | $1.0B | -1.3% | $152.2M | 15.0% |
| Q1 FY2025 | $963.9M | -1.5% | $136.6M | 14.2% |
| Q4 FY2024 | $912.4M | -7.7% | $109.7M | 12.0% |
| Q3 FY2024 | $902.6M | -3.7% | $120.1M | 13.3% |
| Q2 FY2024 | $1.0B | +6.6% | $156.2M | 15.2% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.02B | $902.6M | $912.4M | $963.9M | $1.01B | $942.5M | $912.5M | $945.6M |
| YoY Growth | 6.6% | -3.7% | -7.7% | -1.5% | -1.3% | 4.4% | 0.0% | -2.0% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.20B | $3.15B | $3.24B | $3.27B | $3.25B | $3.17B | $3.14B | $3.65B |
| Liabilities | $1.29B | $1.24B | $1.36B | $1.41B | $1.40B | $1.33B | $1.28B | $1.77B |
| Equity | $1.91B | $1.92B | $1.88B | $1.86B | $1.85B | $1.84B | $1.86B | $1.88B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $57.4M | $195.9M | $221.9M | $38.7M | $139.6M | $255.4M | $183.1M |