Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.69B | $3.00B | $3.19B | $2.99B | $2.90B | $3.54B | $3.75B | $3.85B | $3.82B | $3.83B |
| Revenue growth | — | 11.6% | 6.4% | -6.1% | -3.3% | 22.2% | 6.1% | 2.6% | -0.9% | 0.3% |
| Gross profit | $1.11B | $1.23B | $1.31B | $1.18B | $1.11B | $1.31B | $1.33B | $1.48B | $1.46B | $1.49B |
| Gross margin | 41.5% | 41.1% | 41.0% | 39.5% | 38.3% | 37.0% | 35.4% | 38.5% | 38.1% | 38.8% |
| Operating income | $515M | $578M | $613M | $529M | $503M | $682M | $362M | $746M | $708M | $729M |
| Operating margin | 19.2% | 19.3% | 19.2% | 17.7% | 17.4% | 19.3% | 9.6% | 19.3% | 18.5% | 19.0% |
| Net income | $327M | $297M | $444M | $370M | $345M | $487M | $236M | $557M | $534M | $546M |
| Net margin | 12.2% | 9.9% | 13.9% | 12.4% | 11.9% | 13.8% | 6.3% | 14.4% | 14.0% | 14.3% |
| EPS (diluted) | $1.85 | $1.70 | $2.58 | $2.22 | $2.12 | $3.02 | $1.51 | $3.69 | $3.63 | $3.85 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $447M | $326M | $449M | $456M | $562M | $641M | $391M | $670M | $582M | $617M |
| Capital expenditures | $80.7M | $94.2M | $85.2M | $64.4M | $56.8M | $75.1M | $70.3M | $72.6M | $108M | $70.8M |
| Free cash flow | $366M | $232M | $364M | $392M | $505M | $566M | $321M | $598M | $474M | $546M |
| Share buybacks | $135M | $139M | $203M | $288M | $56.7M | $367M | $404M | $307M | $306M | $401M |
| Dividends paid | $84.2M | $96.9M | $130M | $149M | $159M | $170M | $177M | $184M | $190M | $196M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $330M | $347M | $260M | $374M | $573M | $443M | $391M | $340M | $240M | $175M |
| Total assets | $2.89B | $3.20B | $3.07B | $3.06B | $3.16B | $3.47B | $3.33B | $3.21B | $3.24B | $3.14B |
| Total liabilities | $1.38B | $1.55B | $1.35B | $1.39B | $1.31B | $1.64B | $1.58B | $1.37B | $1.36B | $1.28B |
| Long-term debt | $316M | $403M | $221M | $277M | $106M | $190M | $335M | $117M | $183M | $113M |
| Shareholders' equity | $1.51B | $1.64B | $1.72B | $1.67B | $1.85B | $1.83B | $1.75B | $1.84B | $1.88B | $1.86B |
| Retained earnings | $1.59B | $1.79B | $2.10B | $2.32B | $2.51B | $2.83B | $2.88B | $3.26B | $3.60B | $3.95B |
| Shares (wtd avg diluted) | 177M | 175M | 172M | 167M | 163M | 161M | 156M | 151M | 147M | 142M |
Every figure is extracted from SMITH A O CORP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.