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A. O. Smith AOS Debt-to-equity

Debt-to-equity at other companies

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SBA CommunicationsSBAC
650%0.0pp
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$188.82B-0.3%
nVent Electric plc logo
nVent Electric plcNVT
4.30.0%
Southern Company logo
Southern CompanySO
70%
FirstEnergy logo
FirstEnergyFE
48.8%
EFC
Ellington Financial Inc.EFC
$17.1B+19.6%

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$8.02B-2.8%
Enterprise value$8.5B+0.9%
P/E15.2×-0.6×
P/S2.1×-0.1×

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
Current ratio1.6×-0.1×

Where this comes from

Calculated from A. O. Smith’s reported figures.

Based on the most recent quarter.

The official record: A. O. Smith’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is A. O. Smith's debt-to-equity?
A. O. Smith (AOS) reported debt-to-equity of 0.3× in Q1 2026.
How has A. O. Smith's debt-to-equity changed year-over-year?
A. O. Smith's debt-to-equity increased by 119.9% year-over-year, from 0.2× to 0.3×.
What is the long-term trend for A. O. Smith's debt-to-equity?
Over 5 years (2020 to 2025), A. O. Smith's debt-to-equity has grown at a 4.9% compound annual growth rate (CAGR), from 0.1× to 0.1×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.