Buyback yield (TTM)
3.61%
Shareholder yield (TTM)
5.76%
5Y share count change
-13.9%
Buyback spend (TTM)
$331.50M
Cumulative buybacks
$3.21B
Key takeaways
- A. O. Smith (AOS) repurchased about $331.50M of stock over the trailing twelve months.
- Diluted share count is down 13.9% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 23.18× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +47.9% per year over the latest 5-year window.
- TTM repurchases used about 74% of free cash flow remaining after dividends.
Dividend & buyback yield over time for A. O. Smith (AOS)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for A. O. Smith (AOS)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for A. O. Smith (AOS)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for A. O. Smith (AOS)
Latest: $400.80M
Overview
2025's annual buyback spend for A. O. Smith (AOS) came in at $400.80M – surged 31.1% year-over-year.
A. O. Smith buyback spend compound annual growth for the 2020–2025 (5 years) window is +47.9%, with mixed annual results across the window.
The highest annual buyback spend of $403.50M was reported in 2022. The lowest in the available history was $0.00 in 1995.
A. O. Smith Buyback Spend 2025: $400.80M
A. O. Smith posted buyback spend of $400.80M in 2025, surged 31.1% from 2024.
A. O. Smith Buyback Spend 2024: $305.80M
In 2024, A. O. Smith reported buyback spend of $305.80M, edged down 0.2% below 2023.
A. O. Smith Buyback Spend 2023: $306.50M
A. O. Smith buyback spend in 2023 was $306.50M, declined 24.0% below 2022.
A. O. Smith Buyback Spend 2022: $403.50M
2022's buyback spend for A. O. Smith came in at $403.50M, grew 10.1% from 2021. This figure represents the highest annual value in the available history.
A. O. Smith Buyback Spend 2021: $366.50M
A. O. Smith buyback spend in 2021 was $366.50M.
See more financial history for A. O. Smith (AOS).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $400.80M | $13.80M | $387.00M | 4.28% | 0.14B | -4.9% | |
| 2024 | $305.80M | $14.90M | $290.90M | 3.08% | 0.15B | -2.6% | |
| 2023 | $306.50M | $11.50M | $295.00M | 2.52% | 0.15B | -3.1% | |
| 2022 | $403.50M | $11.10M | $392.40M | 4.66% | 0.16B | -3.4% | |
| 2021 | $366.50M | $11.90M | $354.60M | 2.71% | 0.16B | -0.8% | |
| 2020 | $56.70M | $12.70M | $44.00M | 0.64% | 0.16B | -2.5% | |
| 2019 | $287.70M | $13.30M | $274.40M | 3.72% | 0.17B | -3.2% | |
| 2018 | $202.60M | $10.10M | $192.50M | 2.82% | 0.17B | -1.4% | |
| 2017 | $139.10M | $9.90M | $129.20M | 1.32% | 0.17B | -1.3% | |
| 2016 | $135.20M | $9.40M | $125.80M | 1.65% | 0.18B | -1.2% | |
| 2015 | $128.10M | $8.80M | $119.30M | 1.90% | 0.18B | -1.6% | |
| 2014 | $103.80M | $10.80M | $93.00M | 2.06% | 0.18B | -1.9% | |
| 2013 | $73.70M | $10.50M | $63.20M | 1.50% | 0.19B | -0.3% | |
| 2012 | $22.00M | $0.00 | $22.00M | 0.75% | 0.19B | -0.0% | |
| 2011 | $23.50M | $0.00 | $23.50M | 1.28% | 0.19B | +0.9% | |
| 2010 | $0.00 | $0.00 | $0.00 | — | 0.18B | +28.5% | |
| 2009 | $0.00 | $0.00 | $0.00 | — | 0.14B | -20.9% | |
| 2008 | $0.00 | $0.00 | $0.00 | — | 0.18B | -2.2% | |
| 2007 | $36.60M | $0.00 | $36.60M | 3.48% | 0.19B | -0.1% | |
| 2006 | $0.00 | $0.00 | $0.00 | — | 0.19B | +2.4% | |
| 2005 | $0.00 | $0.00 | $0.00 | — | 0.18B | +1.2% | |
| 2004 | $0.00 | $0.00 | $0.00 | — | 0.18B | +8.2% | |
| 2003 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 2002 | $0.00 | $0.00 | $0.00 | — | 0.17B | +15.6% | |
| 2001 | $0.00 | $0.00 | $0.00 | — | 0.14B | +0.9% | |
| 2000 | $0.00 | $0.00 | $0.00 | — | 0.14B | -0.6% | |
| 1999 | $2.77M | $0.00 | $2.77M | — | 0.14B | -1.4% | |
| 1998 | $33.24M | $0.00 | $33.24M | — | 0.15B | -13.4% | |
| 1997 | $176.55M | $0.00 | $176.55M | — | 0.17B | 0.0% | |
| 1996 | $0.00 | $0.00 | $0.00 | — | 0.17B | — | |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1994 | $138.00K | $0.00 | $138.00K | — | — | — | |
| 1993 | $1.38M | $0.00 | $1.38M | — | — | — | |
| 1992 | $700.00K | $0.00 | $700.00K | — | — | — | |
| 1991 | $300.00K | $0.00 | $300.00K | — | — | — | |
| 1990 | $2.40M | $0.00 | $2.40M | — | — | — | |
| 1989 | $2.60M | $0.00 | $2.60M | — | — | — |
- 2025$400.80M
- 2024$305.80M
- 2023$306.50M
- 2022$403.50M
- 2021$366.50M
- 2020$56.70M
- 2019$287.70M
- 2018$202.60M
- 2017$139.10M
- 2016$135.20M
- 2015$128.10M
- 2014$103.80M
- 2013$73.70M
- 2012$22.00M
- 2011$23.50M
- 2010$0.00
- 2009$0.00
- 2008$0.00
- 2007$36.60M
- 2006$0.00
- 2005$0.00
- 2004$0.00
- 2003$0.00
- 2002$0.00
- 2001$0.00
- 2000$0.00
- 1999$2.77M
- 1998$33.24M
- 1997$176.55M
- 1996$0.00
- 1995$0.00
- 1994$138.00K
- 1993$1.38M
- 1992$700.00K
- 1991$300.00K
- 1990$2.40M
- 1989$2.60M
Buybacks vs stock-based compensation for A. O. Smith (AOS)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 23.18×.
Buybacks vs dividends (share of cash returned) for A. O. Smith (AOS)
How A. O. Smith splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as A. O. Smith, ranked by their latest buyback spend.
| $7.55B | |
| $5.19B | |
| $2.68B | |
| $1.86B | |
| $1.14B | |
| $1.13B | |
| $50.00M | |
| $0.00 |
- $7.55B
- $5.19B
- $2.68B
- $1.86B
- $1.14B
- $1.13B
- $50.00M
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $450.80M (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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