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A. O. Smith balance sheet

At the end of fiscal 2025, A. O. Smith had total assets of $3.14bn, total liabilities of $1.28bn and shareholders' equity of $1.86bn. It held $175m in cash against $155m of debt: net cash of $19.5m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash and equivalents76119463267381319324330347260374573443391340240175235
Receivables276313368425459475501519593647590585634581596541582613
Inventory111147168163193208223251297305303300448516497532479509
Total current assets7408961,2091,1151,2061,3191,4031,5621,7671,6391,5001,6181,7531,6341,5001,3931,2921,411
Goodwill320324434435434429421492517513546547628620633762711914
Total assets1,9732,1112,3492,2792,3922,4982,6292,8913,1973,0723,0583,1613,4743,3323,2143,2403,1433,655
Deferred revenue (current)————————564750901558660543419
Total current liabilities4915375125065916056537667947857678861,119934945897863862
Short-term debt211919191414137807771010104241
Long-term debt232242443225178210236316403221277106190335117183113632
Total debt253261462244192224249324410221284113197345127193155673
Total liabilities1,1851,2291,2631,0851,0631,1341,1871,3761,5531,3551,3911,3121,6421,5851,3701,3571,2851,832
Shareholders' equity7908811,0861,1941,3291,3811,4421,5111,6451,7171,6671,8481,8321,7481,8441,8841,8581,823
Net debt (negative = net cash)177142−2−23−189−96−75−764−38−90−460−247−47−213−46−20439

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from A. O. Smith's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to A. O. Smith.