A. O. Smith Corporation (AOS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 945.6M | 912.5M | 942.5M | 1.01B | 963.9M | 912.4M | 902.6M | 1.02B | 978.8M | 988.1M | 937.5M | 960.8M | 966.4M | 936.1M | 874.2M | 965.9M | 977.7M | 995.5M | 914.6M | 859.8M |
| Revenue Growth % | -1.9% | 0.01% | 4.42% | -1.27% | -1.52% | -7.66% | -3.72% | 6.61% | 1.28% | 5.56% | 7.24% | -0.53% | -1.16% | -5.97% | -4.42% | 12.34% | 27.14% | 19.29% | 20.34% | 29.51% |
| Cost of Goods Sold | 579.9M | 562.1M | 578M | 614.2M | 588.5M | 574.3M | 565.3M | 629.1M | 594.7M | 618.3M | 581.3M | 576.1M | 592.3M | 587.5M | 569.2M | 631.5M | 636.1M | 634.9M | 574.3M | 538.4M |
| COGS % of Revenue | 61.33% | 61.6% | 61.33% | 60.73% | 61.05% | 62.94% | 62.63% | 61.42% | 60.76% | 62.57% | 62.01% | 59.96% | 61.29% | 62.76% | 65.11% | 65.38% | 65.06% | 63.78% | 62.79% | 62.62% |
| Gross Profit | 365.7M | 350.4M | 364.5M | 397.1M | 375.4M | 338.1M | 337.3M | 395.2M | 384.1M | 369.8M | 356.2M | 384.7M | 374.1M | 346.3M | 305M | 333.7M | 341.6M | 360.6M | 340.3M | 321.4M |
| Gross Margin % | 38.67% | 38.4% | 38.67% | 39.27% | 38.95% | 37.06% | 37.37% | 38.58% | 39.24% | 37.43% | 37.99% | 40.04% | 38.71% | 36.99% | 34.89% | 34.55% | 34.94% | 36.22% | 37.21% | 37.38% |
| Gross Profit Growth % | -2.58% | 3.64% | 8.06% | 0.48% | -2.27% | -8.57% | -5.31% | 2.73% | 2.67% | 6.79% | 16.79% | 15.28% | 9.51% | -3.97% | -10.37% | 3.83% | 18.36% | 11.26% | 14.54% | 29.86% |
| Operating Expenses | 203.9M | 186.6M | 188.9M | 191.3M | 192.6M | 182M | 176.6M | 188.5M | 192.2M | 185M | 174.9M | 180.3M | 187.2M | 168.9M | 155.5M | 166.7M | 179.8M | 184.2M | 177.6M | 173.1M |
| OpEx % of Revenue | 21.56% | 20.45% | 20.04% | 18.92% | 19.98% | 19.95% | 19.57% | 18.4% | 19.64% | 18.72% | 18.66% | 18.77% | 19.37% | 18.04% | 17.79% | 17.26% | 18.39% | 18.5% | 19.42% | 20.13% |
| Selling, General & Admin | 203.9M | 186.6M | 188.9M | 191.3M | 192.6M | 182M | 176.6M | 188.5M | 192.2M | 185M | 174.9M | 180.3M | 187.2M | 168.9M | 155.5M | 166.7M | 179.8M | 184.2M | 177.6M | 173.1M |
| SG&A % of Revenue | 21.56% | 20.45% | 20.04% | 18.92% | 19.98% | 19.95% | 19.57% | 18.4% | 19.64% | 18.72% | 18.66% | 18.77% | 19.37% | 18.04% | 17.79% | 17.26% | 18.39% | 18.5% | 19.42% | 20.13% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 97.5M | 0 | 0 | 0 | 89M | 0 | 0 | 0 | 94.2M | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | 9.87% | - | - | - | 9.51% | - | - | - | 9.46% | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | 0 | 0 | 0 | -1000K | 0 | 0 | 0 | -1000K | 0 | 0 |
| Operating Income | 161.8M | 163.8M | 175.6M | 205.8M | 182.8M | 156.1M | 160.7M | 206.7M | 192.5M | 184.8M | 181.3M | 204.4M | 186.9M | 177.4M | 149.5M | 167M | 161.8M | 176.4M | 162.7M | 148.3M |
| Operating Margin % | 17.11% | 17.95% | 18.63% | 20.35% | 18.96% | 17.11% | 17.8% | 20.18% | 19.67% | 18.7% | 19.34% | 21.27% | 19.34% | 18.95% | 17.1% | 17.29% | 16.55% | 17.72% | 17.79% | 17.25% |
| Operating Income Growth % | -11.49% | 4.93% | 9.27% | -0.44% | -5.04% | -15.53% | -11.36% | 1.13% | 3% | 4.17% | 21.27% | 22.4% | 15.51% | 0.57% | -8.11% | 12.61% | 32.51% | 15.37% | 18.16% | 61.9% |
| EBITDA | 185.7M | 186.1M | 197.2M | 226.3M | 203.5M | 175.4M | 181M | 226.3M | 212.1M | 205.6M | 200.7M | 223.3M | 206.1M | 197.8M | 167.7M | 185M | 182.1M | 196.3M | 181.7M | 167.8M |
| EBITDA Margin % | 19.64% | 20.39% | 20.92% | 22.38% | 21.11% | 19.22% | 20.05% | 22.09% | 21.67% | 20.81% | 21.41% | 23.24% | 21.33% | 21.13% | 19.18% | 19.15% | 18.63% | 19.72% | 19.87% | 19.52% |
| EBITDA Growth % | -8.75% | 6.1% | 8.95% | 0% | -4.05% | -14.69% | -9.82% | 1.34% | 2.91% | 3.94% | 19.68% | 20.7% | 13.18% | 0.76% | -7.7% | 10.25% | 28.6% | 14% | 14.71% | 50.49% |
| D&A (Non-Cash Add-back) | 23.9M | 22.3M | 21.6M | 20.5M | 20.7M | 19.3M | 20.3M | 19.6M | 19.6M | 20.8M | 19.4M | 18.9M | 19.2M | 20.4M | 18.2M | 18M | 20.3M | 19.9M | 19M | 19.5M |
| EBIT | 161.8M | 163.8M | 175.4M | 206.2M | 184M | 138.4M | 158.1M | 208.4M | 193.7M | 178M | 178.8M | 213.4M | 175.3M | -239.5M | 147.1M | 167.4M | 158.1M | 183.2M | 167.4M | 152.2M |
| Net Interest Income | -7.1M | -2.4M | -3.6M | -4.6M | -2.9M | -2.4M | -1.5M | -1.8M | -1M | -1.1M | -2.4M | -4.5M | -4M | -3.4M | -2.4M | -2.1M | -1.5M | -1.4M | -1M | -900K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 7.1M | 2.4M | 3.6M | 4.6M | 2.9M | 2.4M | 1.5M | 1.8M | 1M | 1.1M | 2.4M | 4.5M | 4M | 3.4M | 2.4M | 2.1M | 1.5M | 1.4M | 1M | 900K |
| Other Income/Expense | -7.1M | -3.2M | -3.8M | -4.2M | -1.7M | -11M | -4.1M | -100K | 200K | -7.9M | -4.9M | 4.5M | -15.6M | -420.3M | -4.8M | -1.7M | -5.2M | 5.4M | 3.7M | 3M |
| Pretax Income | 154.7M | 160.6M | 171.8M | 201.6M | 181.1M | 145.1M | 156.6M | 206.6M | 192.7M | 176.9M | 176.4M | 208.9M | 171.3M | -242.9M | 144.7M | 165.3M | 156.6M | 181.8M | 166.4M | 151.3M |
| Pretax Margin % | 16.36% | 17.6% | 18.23% | 19.93% | 18.79% | 15.9% | 17.35% | 20.17% | 19.69% | 17.9% | 18.82% | 21.74% | 17.73% | -25.95% | 16.55% | 17.11% | 16.02% | 18.26% | 18.19% | 17.6% |
| Income Tax | 36.7M | 35.2M | 39.8M | 49.4M | 44.5M | 35.4M | 36.5M | 50.4M | 45.1M | 39.6M | 41M | 51.9M | 44.4M | -122.8M | 34.9M | 39.1M | 36.8M | 42.2M | 34.8M | 33.1M |
| Effective Tax Rate % | 23.72% | 21.92% | 23.17% | 24.5% | 24.57% | 24.4% | 23.31% | 24.39% | 23.4% | 22.39% | 23.24% | 24.84% | 25.92% | 50.56% | 24.12% | 23.65% | 23.5% | 23.21% | 20.91% | 21.88% |
| Net Income | 118M | 125.4M | 132M | 152.2M | 136.6M | 109.7M | 120.1M | 156.2M | 147.6M | 137.3M | 135.4M | 157M | 126.9M | -120.1M | 109.8M | 126.2M | 119.8M | 139.6M | 131.6M | 118.2M |
| Net Margin % | 12.48% | 13.74% | 14.01% | 15.05% | 14.17% | 12.02% | 13.31% | 15.25% | 15.08% | 13.9% | 14.44% | 16.34% | 13.13% | -12.83% | 12.56% | 13.07% | 12.25% | 14.02% | 14.39% | 13.75% |
| Net Income Growth % | -13.62% | 14.31% | 9.91% | -2.56% | -7.45% | -20.1% | -11.3% | -0.51% | 16.31% | 214.32% | 23.32% | 24.41% | 5.93% | -186.03% | -16.57% | 6.77% | 22.62% | 16.33% | 24.86% | 74.34% |
| Net Income (Continuing) | 118M | 125.4M | 132M | 152.2M | 136.6M | 109.7M | 120.1M | 156.2M | 147.6M | 137.3M | 135.4M | 157M | 126.9M | -120.1M | 109.8M | 126.2M | 119.8M | 139.6M | 131.6M | 118.2M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.85 | 0.90 | 0.94 | 1.07 | 0.95 | 0.75 | 0.82 | 1.06 | 1.00 | 0.92 | 0.90 | 1.04 | 0.84 | -0.78 | 0.70 | 0.80 | 0.76 | 0.87 | 0.82 | 0.73 |
| EPS Growth % | -10.53% | 20% | 14.63% | 0.94% | -5% | -18.48% | -8.89% | 1.92% | 19.05% | 217.95% | 28.57% | 30% | 10.53% | -189.66% | -14.63% | 9.59% | 26.67% | 17.57% | 26.15% | 73.81% |
| EPS (Basic) | 0.85 | 0.90 | 0.94 | 1.07 | 0.95 | 0.75 | 0.83 | 1.07 | 1.00 | 0.93 | 0.90 | 1.04 | 0.84 | -0.79 | 0.71 | 0.81 | 0.76 | 0.89 | 0.83 | 0.74 |
| Diluted Shares Outstanding | 139.17M | 139.93M | 140.43M | 143.44M | 144.41M | 145.76M | 146.7M | 147.6M | 148.3M | 149.44M | 151.21M | 151.54M | 151.9M | 153.16M | 157.65M | 157.78M | 158.32M | 160.17M | 160.63M | 161.73M |
| Basic Shares Outstanding | 139.17M | 139.93M | 140.9M | 143.44M | 144.41M | 145.76M | 145.58M | 146.47M | 147.18M | 147.53M | 150.1M | 150.48M | 150.9M | 151.18M | 154.2M | 155.69M | 157.02M | 157.65M | 159.19M | 160.24M |
| Dividend Payout Ratio | - | 40.35% | 36.06% | 31.73% | 36.02% | 45.12% | 38.88% | 30.03% | 32.05% | 34.81% | 33.31% | 28.79% | 35.78% | - | 39.34% | 34.63% | 36.89% | 32.02% | 31.54% | 35.28% |