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A. O. Smith AOS Water heaters and related parts — Net Sales

Other product segments

Boilers, related parts, and components
$81.5M
Water treatment products and related parts
$60.1M+0.7%

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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-12.6%
Enterprise value$9.08B-9.2%
P/E16.3×-2.7×
P/S2.3×-0.3×

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:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: A. O. Smith’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:27 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000091142-26-000084
(dollars in millions)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
North America
Water heaters and related parts$611.8$624.6
Boilers, related parts, and components (1)81.564.4
Water treatment products and related parts60.159.7
Total North America753.4748.7
Rest of World
China$162.4$187.2
All other Rest of World38.339.5

ITEM 1 - FINANCIAL STATEMENTS

FAQ

What is A. O. Smith's water heaters and related parts — net sales?
A. O. Smith (AOS) reported water heaters and related parts — net sales of $611.8M in Q1 2026.
How has A. O. Smith's water heaters and related parts — net sales changed year-over-year?
A. O. Smith's water heaters and related parts — net sales decreased by 2.0% year-over-year, from $624.6M to $611.8M.
What is the long-term trend for A. O. Smith's water heaters and related parts — net sales?
Over 4 years (2021 to 2025), A. O. Smith's water heaters and related parts — net sales has grown at a 3.8% compound annual growth rate (CAGR), from $2.12B to $2.46B.
What does water heaters and related parts — net sales mean?
This metric represents the total revenue generated from the sale of residential and commercial water heating equipment, including gas, electric, and tankless units, as well as related components and boilers. It serves as a primary indicator of market demand for the company's core product portfolio and reflects the effectiveness of its distribution channels and pricing strategies. As a segment-specific measure, it highlights the performance of the company's foundational product line within its broader manufacturing operations.

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