What is A. O. Smith's net debt?

A. O. Smith (AOS) reported net debt of $471.3M in Q1 2026.

How has A. O. Smith's net debt changed year-over-year?

A. O. Smith's net debt increased by 286.3% year-over-year, from $122M to $471.3M.

What is the long-term trend for A. O. Smith's net debt?

Over 5 years (2020 to 2025), A. O. Smith's net debt has grown at a -41.5% compound annual growth rate (CAGR), from -$414.4M to $28.4M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

A. O. Smith AOS Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

PSK

Paramount Skydance Corporation Class B Common StockPSKY

$16.6B—

VMI

Valmont IndustriesVMI

$921.3M+6.9%

FactSet Research SystemsFDS

$2.05B+23.5%

Range ResourcesRRC

$159.88M-77.5%

ViasatVSAT

$687.67M-39.8%

Freedom HoldingFRHC

$48.84M+20.5%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$129.4M+234%

CapEx$10.5M-50.7%

Free cash flow$118.9M+583%

Valuation

See full

Market cap$8.02B-2.8%

Enterprise value$8.5B+0.9%

P/E15.2×-0.6×

P/S2.1×-0.1×

Profitability

See full

Gross margin38.8%+0.7pp

Net margin13.8%+0.1pp

FCF margin17%+6.3pp

Returns & leverage

See full

Return on equity28.3%+0.3pp

Debt / equity0.3×+0.2×

Current ratio1.6×-0.1×

Where this comes from

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

$656.5Mtotal debt−$185.2Mcash and equivalents=$471.3M

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

Ask your AI about A. O. Smith's net debt.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is A. O. Smith's net debt?: A. O. Smith (AOS) reported net debt of $471.3M in Q1 2026.
How has A. O. Smith's net debt changed year-over-year?: A. O. Smith's net debt increased by 286.3% year-over-year, from $122M to $471.3M.
What is the long-term trend for A. O. Smith's net debt?: Over 5 years (2020 to 2025), A. O. Smith's net debt has grown at a -41.5% compound annual growth rate (CAGR), from -$414.4M to $28.4M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.