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A. O. Smith AOS North America — Goodwill

Other segment segments

Rest of World
$119.1M-31.9%

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$46.12M+0.6%

Other financials

Income statement

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Revenue$945.6M-1.9%
Gross profit$365.7M-2.6%
Net income$118.0M-13.6%
EPS (diluted)$0.85-10.5%

Balance sheet

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Cash & equivalents$185.2M+7.1%
Total debt$656.5M+123%
Total equity$1.9B+1.2%
Total assets$3.7B+11.7%

Cash flow

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Operating cash flow$129.4M+234%
CapEx$10.5M-50.7%
Free cash flow$118.9M+583%

Valuation

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Market cap$8.61B-13.2%
Enterprise value$9.08B-9.8%
P/E16.3×-2.8×
P/S2.3×-0.4×

Profitability

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Gross margin38.8%+0.7pp
Net margin13.8%+0.1pp
FCF margin17%+6.3pp

Returns & leverage

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Return on equity28.3%+0.3pp
Debt / equity0.3×+0.2×
Current ratio1.6×-0.1×

Where this comes from

Reported directly by A. O. Smith in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The source filing: A. O. Smith’s 10-K, filed February 10, 2026.

Filed
Feb 10, 2026, 4:40 PM EST
Fiscal year
FY2025
Accession
0000091142-26-000008
(dollars in millions)North AmericaRest of WorldTotal
Balance at December 31, 2023$574.9$58.5$633.4
Currency translation adjustment(8.7)(1.4)(10.1)
Acquisitions20.5117.9138.4
Balance at December 31, 2024586.7175.0761.7
Currency translation adjustment4.8(2.0)2.8
Acquisition adjustments(1)(53.9)(53.9)
Balance at December 31, 2025$591.5$119.1$710.6

ITEM 8 – FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is A. O. Smith's north america — goodwill?
A. O. Smith (AOS) reported north america — goodwill of $591.5M in Q4 2025.
How has A. O. Smith's north america — goodwill changed year-over-year?
A. O. Smith's north america — goodwill increased by 0.8% year-over-year, from $586.7M to $591.5M.
What does north america — goodwill mean?
The intangible asset value representing the premium paid for acquisitions in the North American segment over the fair value of identifiable net assets. It reflects the long-term value of brand reputation, customer relationships, and synergies expected from acquired businesses.

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