The Tip Desk

SMITH A O CORP

Company Stats

Market Cap
$7.7B
as of Sep 30, 2026
Shares Outstanding
134.3M
Free Float
79.4%

Income Statement

Revenue
$3.8B
Operating Income
$728.6M
Net Income
$546.2M
EBITDA
$813.7M
Revenue Growth, 3Y
0.7%
FCF Margin, 3Y Avg
14.1%
FCF Margin, Worst Year
12.4%

Cash Flow

Free Cash Flow
$546.0M
FCF Yield
7.1%
Owner FCF Yield
6.9%

Balance Sheet

Cash & Equivalents
$174.5M

Returns & Capital

Dividends Paid
$195.7M
Dividend Yield
2.6%
Dividend Payout, 3Y Avg
34.8%
Share Repurchases
$400.8M
Buyback Yield, 3Y Avg
4.4%
SBC, 3Y Avg
$13.4M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$3.8B$546.0M14.3%
FY2024$3.8B$473.8M12.4%
FY2023$3.9B$597.7M15.5%
FY2022$3.8B$321.1M8.6%
FY2021$3.5B$566.0M16.0%

Annual filing data through FY ended December 31, 2025; shares and float as of November 7, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage