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AAON, Inc.(AAON)Earnings, Financials & Key Ratios
AAON•NASDAQ
$98.30
$8.05B mkt cap·76.2× P/E·Price updated May 6, 2026
AboutAAON, Inc., together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BasX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls. The company markets and sells its products to retail, manufacturing, educational, lodging, supermarket, data centers, medical and pharmaceutical, and other commercial industries. It sells its products through a network of independent manufacturer representative organizations and internal sales force. The company was incorporated in 1987 and is based in Tulsa, Oklahoma.Show more
- Revenue$1.44B+20.1%
- EBITDA$226M-17.1%
- Net Income$108M-36.2%
- EPS (Diluted)1.29-36.1%
- Gross Margin26.75%-19.1%
- EBITDA Margin15.64%-31.0%
- Operating Margin10.14%-41.8%
- Net Margin7.46%-46.9%
- ROE12.51%-42.1%
- ROIC9.44%-46.4%
- Debt/Equity0.48+133.6%
- Interest Coverage8.26-88.5%
AAON Key Insights
AAON, Inc. (AAON) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 20.5%
- ✓Strong 5Y sales CAGR of 22.9%
- ✓Healthy 5Y average net margin of 11.8%
✗Weaknesses
- ✗Weak Piotroski F-Score: 2/9
- ✗Negative free cash flow
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
AAON Price & Volume
AAON, Inc. (AAON) stock price & volume — 10-year historical chart
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AAON Growth Metrics
AAON, Inc. (AAON) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years14.93%
5 Years22.89%
3 Years17.51%
TTM20.11%
Profit CAGR
10 Years8.93%
5 Years6.37%
3 Years2.34%
TTM-36.17%
EPS CAGR
10 Years8.7%
5 Years5.44%
3 Years1.33%
TTM-35.82%
Return on Capital
10 Years24.63%
5 Years20.25%
3 Years22.05%
Last Year12.41%
AAON Recent Earnings
AAON, Inc. (AAON) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Mar 2, 2026EPS
$0.39
Est $0.45
-13.3%
Revenue
$424M
Est $372M
+13.9%
Q4 2025
Nov 6, 2025EPS
$0.37
Est $0.33
+12.1%
Revenue
$384M
Est $374M
+2.7%
Q3 2025
Aug 11, 2025EPS
$0.22
Est $0.31
-29.0%
Revenue
$312M
Est $361M
-13.8%
Q2 2025
Apr 30, 2025EPS
$0.37
Est $0.25
+48.0%
Revenue
$322M
Est $362M
-11.0%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 2, 2026 | $0.39vs $0.45-13.3% | $424Mvs $372M+13.9% |
| Q4 2025 | Nov 6, 2025 | $0.37vs $0.33+12.1% | $384Mvs $374M+2.7% |
| Q3 2025 | Aug 11, 2025 | $0.22vs $0.31-29.0% | $312Mvs $361M-13.8% |
| Q2 2025 | Apr 30, 2025 | $0.37vs $0.25+48.0% | $322Mvs $362M-11.0% |
Based on last 12 quarters of dataView full earnings history →
AAON Peer Comparison
AAON, Inc. (AAON) competitors in Building systems and controls — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 LII | 18.84B | 541.37 | 24.36 | -2.73% | 14.89% | 72.05% | 1.77 | |
 CARR | 56.73B | 67.90 | 39.94 | -3.29% | 6.03% | 9.13% | 0.90 | |
 TT | 108.05B | 488.18 | 37.61 | 7.48% | 13.42% | 34.69% | 0.54 | |
 JCI | 87.61B | 143.14 | 54.43 | 2.81% | 18.91% | 16.64% | 0.86 | |
 MOD | 14.46B | 274.22 | 80.18 | 7.3% | 3.4% | 8.66% | 0.49 | |
 NDSN | 15.98B | 286.94 | 33.72 | 3.78% | 18.39% | 16.81% | 0.69 | |
 GTLS | 9.94B | 207.76 | 629.58 | 2.49% | 0.95% | 1.2% | 1.11 | |
 HON | 137.39B | 216.82 | 29.46 | 7.85% | 11.16% | 23.05% | 2.24 |
Compare AAON vs Peers
AAON, Inc. (AAON) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AAON Income Statement
AAON, Inc. (AAON) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 405.23M | 433.95M | 469.33M | 514.55M | 534.52M | 888.79M | 1.17B | 1.2B | 1.44B |
| Revenue Growth % | 5.54% | 7.09% | 8.15% | 9.63% | 3.88% | 66.28% | 31.47% | 2.75% | 20.11% |
| Cost of Goods Sold | 281.58M | 330.41M | 349.91M | 358.7M | 396.69M | 651.22M | 769.5M | 803.53M | 1.06B |
| COGS % of Revenue | 69.49% | 76.14% | 74.55% | 69.71% | 74.21% | 73.27% | 65.85% | 66.93% | 73.25% |
| Gross Profit | 123.65M▲ 0% | 103.53M▼ 16.3% | 119.42M▲ 15.3% | 155.85M▲ 30.5% | 137.83M▼ 11.6% | 237.57M▲ 72.4% | 399.02M▲ 68.0% | 397.11M▼ 0.5% | 385.72M▼ 2.9% |
| Gross Margin % | 30.51% | 23.86% | 25.45% | 30.29% | 25.79% | 26.73% | 34.15% | 33.07% | 26.75% |
| Gross Profit Growth % | 4.72% | -16.27% | 15.35% | 30.5% | -11.56% | 72.37% | 67.96% | -0.48% | -2.87% |
| Operating Expenses | 49.42M | 48.18M | 52.41M | 54.01M | 68.58M | 110.81M | 171.53M | 187.99M | 239.48M |
| OpEx % of Revenue | 12.19% | 11.1% | 11.17% | 10.5% | 12.83% | 12.47% | 14.68% | 15.66% | 16.61% |
| Selling, General & Admin | 48.47M | 47.07M | 50.55M | 60.49M | 68.6M | 110.82M | 157.78M | 167.47M | 239.48M |
| SG&A % of Revenue | 11.96% | 10.85% | 10.77% | 11.76% | 12.83% | 12.47% | 13.5% | 13.95% | 16.61% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1.49M | 1.87M | 1.86M | -6.48M | -21K | -12K | 13.75M | 20.52M | 0 |
| Operating Income | 74.23M▲ 0% | 55.35M▼ 25.4% | 67.01M▲ 21.1% | 101.84M▲ 52.0% | 69.25M▼ 32.0% | 126.76M▲ 83.0% | 227.49M▲ 79.5% | 209.12M▼ 8.1% | 146.25M▼ 30.1% |
| Operating Margin % | 18.32% | 12.76% | 14.28% | 19.79% | 12.96% | 14.26% | 19.47% | 17.42% | 10.14% |
| Operating Income Growth % | -6.73% | -25.44% | 21.07% | 51.97% | -32% | 83.04% | 79.47% | -8.08% | -30.06% |
| EBITDA | 89.24M | 73.01M | 89.78M | 127.47M | 99.67M | 162.19M | 274.29M | 272.04M | 225.6M |
| EBITDA Margin % | 22.02% | 16.82% | 19.13% | 24.77% | 18.65% | 18.25% | 23.47% | 22.66% | 15.64% |
| EBITDA Growth % | -3.66% | -18.19% | 22.97% | 41.99% | -21.81% | 62.73% | 69.11% | -0.82% | -17.07% |
| D&A (Non-Cash Add-back) | 15.01M | 17.66M | 22.77M | 25.63M | 30.42M | 35.43M | 46.79M | 62.92M | 79.36M |
| EBIT | 74.46M | 55.51M | 67.35M | 95.36M | 69.31M | 127.16M | 228M | 209.5M | 146.48M |
| Net Interest Income | 298K | 196K | 66K | 88K | -132K | -2.63M | -4.84M | -2.9M | -17.73M |
| Interest Income | 298K | 196K | 66K | 88K | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 132K | 2.63M | 4.84M | 2.9M | 17.73M |
| Other Income/Expense | 389K | 149K | 20K | 139K | -71K | -2.23M | -4.34M | -2.53M | -17.5M |
| Pretax Income | 74.62M▲ 0% | 55.5M▼ 25.6% | 67.03M▲ 20.8% | 101.97M▲ 52.1% | 69.18M▼ 32.2% | 124.53M▲ 80.0% | 223.15M▲ 79.2% | 206.59M▼ 7.4% | 128.75M▼ 37.7% |
| Pretax Margin % | 18.42% | 12.79% | 14.28% | 19.82% | 12.94% | 14.01% | 19.1% | 17.21% | 8.93% |
| Income Tax | 20.79M | 13.17M | 13.32M | 22.97M | 10.42M | 24.16M | 45.53M | 38.03M | 21.16M |
| Effective Tax Rate % | 27.87% | 23.73% | 19.87% | 22.52% | 15.07% | 19.4% | 20.4% | 18.41% | 16.43% |
| Net Income | 54.5M▲ 0% | 42.33M▼ 22.3% | 53.71M▲ 26.9% | 79.01M▲ 47.1% | 58.76M▼ 25.6% | 100.38M▲ 70.8% | 177.62M▲ 77.0% | 168.56M▼ 5.1% | 107.59M▼ 36.2% |
| Net Margin % | 13.45% | 9.75% | 11.44% | 15.35% | 10.99% | 11.29% | 15.2% | 14.04% | 7.46% |
| Net Income Growth % | 2.1% | -22.33% | 26.89% | 47.1% | -25.63% | 70.83% | 76.96% | -5.1% | -36.17% |
| Net Income (Continuing) | 53.83M | 42.33M | 53.71M | 79.01M | 58.76M | 100.38M | 177.62M | 168.56M | 107.59M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.69▲ 0% | 0.54▼ 21.7% | 0.68▲ 25.9% | 0.99▲ 45.6% | 0.73▼ 26.3% | 1.24▲ 69.9% | 2.13▲ 71.8% | 2.02▼ 5.2% | 1.29▼ 36.1% |
| EPS Growth % | 2.99% | -21.74% | 25.93% | 45.59% | -26.26% | 69.86% | 71.77% | -5.16% | -36.14% |
| EPS (Basic) | 0.69 | 0.54 | 0.69 | 1.01 | 0.75 | 1.26 | 2.19 | 2.07 | 1.32 |
| Diluted Shares Outstanding | 79.62M | 79M | 78.95M | 79.59M | 80.59M | 81.15M | 83.3M | 83.63M | 83.11M |
| Basic Shares Outstanding | 79.62M | 79M | 78.12M | 78.25M | 78.61M | 79.58M | 81.16M | 81.47M | 81.53M |
| Dividend Payout Ratio | 25.07% | 39.52% | 30.99% | 25.08% | 33.95% | 22.83% | 14.89% | 15.47% | 30.3% |
AAON Balance Sheet
AAON, Inc. (AAON) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 153.73M | 140.66M | 187.55M | 220.25M | 218.08M | 349.12M | 408.95M | 488.21M | 869.18M |
| Cash & Short-Term Investments | 30.41M | 1.99M | 26.8M | 79.03M | 2.86M | 5.45M | 287K | 14K | 13K |
| Cash Only | 21.46M | 1.99M | 26.8M | 79.03M | 2.86M | 5.45M | 287K | 14K | 13K |
| Short-Term Investments | 8.96M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 52.01M | 54.08M | 68.2M | 47.39M | 82.25M | 142.31M | 183.3M | 286.97M | 588.87M |
| Days Sales Outstanding | 46.85 | 45.49 | 53.04 | 33.61 | 56.17 | 58.44 | 57.26 | 87.24 | 149.05 |
| Inventory | 70.79M | 77.61M | 73.6M | 82.22M | 130.27M | 198.94M | 213.53M | 187.42M | 261.15M |
| Days Inventory Outstanding | 91.76 | 85.74 | 76.78 | 83.66 | 119.86 | 111.5 | 101.29 | 85.14 | 90.24 |
| Other Current Assets | 0 | 5.93M | 17.58M | 7.85M | 628K | 498K | 8.74M | 13.81M | 19.15M |
| Total Non-Current Assets | 143.05M | 167.34M | 183.88M | 228.76M | 432.1M | 464.79M | 532.48M | 687.02M | 817.33M |
| Property, Plant & Equipment | 142.38M | 163M | 179.78M | 224.91M | 275.04M | 311.87M | 381.72M | 525.79M | 649.25M |
| Fixed Asset Turnover | 2.85x | 2.66x | 2.61x | 2.29x | 1.94x | 2.85x | 3.06x | 2.28x | 2.22x |
| Goodwill | 0 | 3.23M | 3.23M | 3.23M | 85.73M | 81.89M | 81.89M | 81.89M | 81.89M |
| Intangible Assets | 0 | 506K | 272K | 38K | 70.12M | 64.61M | 68.05M | 78.26M | 83.91M |
| Long-Term Investments | 0 | 598K | 597K | 579K | 1.22M | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 678K | 0 | 0 | 0 | 0 | 6.42M | 816K | 242K | 2.28M |
| Total Assets | 296.78M▲ 0% | 307.99M▲ 3.8% | 371.42M▲ 20.6% | 449.01M▲ 20.9% | 650.18M▲ 44.8% | 813.9M▲ 25.2% | 941.44M▲ 15.7% | 1.18B▲ 24.8% | 1.69B▲ 43.5% |
| Asset Turnover | 1.37x | 1.41x | 1.26x | 1.15x | 0.82x | 1.09x | 1.24x | 1.02x | 0.86x |
| Asset Growth % | 15.69% | 3.78% | 20.59% | 20.89% | 44.8% | 25.18% | 15.67% | 24.83% | 43.5% |
| Total Current Liabilities | 50.06M | 47.49M | 56.03M | 59.03M | 86.77M | 145.57M | 126.75M | 174.91M | 330.86M |
| Accounts Payable | 10.97M | 10.62M | 11.76M | 12.45M | 29.02M | 45.51M | 27.48M | 44.65M | 110.44M |
| Days Payables Outstanding | 14.22 | 11.73 | 12.27 | 12.67 | 26.7 | 25.51 | 13.04 | 20.28 | 38.16 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16M | 10.8M |
| Deferred Revenue (Current) | 2.84M | 2.37M | 4.63M | 5.07M | 13.47M | 25.17M | 16.38M | 22.63M | 0 |
| Other Current Liabilities | 11.07M | 5M | 13.01M | 6.82M | 14.15M | 30.12M | 24.51M | 15.32M | 209.62M |
| Current Ratio | 3.07x | 2.96x | 3.35x | 3.73x | 2.51x | 2.40x | 3.23x | 2.79x | 2.63x |
| Quick Ratio | 1.66x | 1.33x | 2.03x | 2.34x | 1.01x | 1.03x | 1.54x | 1.72x | 1.84x |
| Cash Conversion Cycle | 124.39 | 119.49 | 117.55 | 104.61 | 149.33 | 144.44 | 145.51 | 152.1 | 201.12 |
| Total Non-Current Liabilities | 9.49M | 11.06M | 25.26M | 39.11M | 97.24M | 107.62M | 79.46M | 175.75M | 460.67M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 40M | 71M | 38.33M | 138.89M | 407.06M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 5.99M | 10.2M | 13.59M | 15.53M |
| Deferred Tax Liabilities | 7.98M | 9.26M | 15.3M | 28.32M | 31.99M | 18.66M | 12.13M | 0 | 30.31M |
| Other Non-Current Liabilities | 0 | 146K | 9.96M | 10.79M | 25.25M | 11.96M | 18.8M | 23.26M | 7.77M |
| Total Liabilities | 59.55M | 58.55M | 81.28M | 98.14M | 184.01M | 253.19M | 206.21M | 350.65M | 791.52M |
| Total Debt | 0 | 0 | 0 | 202K | 41.58M | 78.25M | 50.55M | 170.96M | 433.38M |
| Net Debt | -21.46M | -1.99M | -26.8M | -78.82M | 38.72M | 72.8M | 50.26M | 170.95M | 433.37M |
| Debt / Equity | - | - | - | 0.00x | 0.09x | 0.14x | 0.07x | 0.21x | 0.48x |
| Debt / EBITDA | - | - | - | 0.00x | 0.42x | 0.48x | 0.18x | 0.63x | 1.92x |
| Net Debt / EBITDA | -0.24x | -0.03x | -0.30x | -0.62x | 0.39x | 0.45x | 0.18x | 0.63x | 1.92x |
| Interest Coverage | - | - | - | - | 525.11x | 48.41x | 47.08x | 72.12x | 8.26x |
| Total Equity | 237.23M▲ 0% | 249.44M▲ 5.1% | 290.14M▲ 16.3% | 350.87M▲ 20.9% | 466.17M▲ 32.9% | 560.71M▲ 20.3% | 735.22M▲ 31.1% | 824.58M▲ 12.2% | 894.99M▲ 8.5% |
| Equity Growth % | 15.22% | 5.15% | 16.32% | 20.93% | 32.86% | 20.28% | 31.12% | 12.15% | 8.54% |
| Book Value per Share | 2.98 | 3.16 | 3.67 | 4.41 | 5.78 | 6.91 | 8.83 | 9.86 | 10.77 |
| Total Shareholders' Equity | 237.23M | 249.44M | 290.14M | 350.87M | 466.17M | 560.71M | 735.22M | 824.58M | 894.99M |
| Common Stock | 210K | 208K | 208K | 209K | 210K | 322K | 326K | 326K | 327K |
| Retained Earnings | 237.02M | 249.24M | 286.3M | 345.5M | 384.31M | 461.66M | 612.84M | 755.31M | 830.3M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
AAON Cash Flow Statement
AAON, Inc. (AAON) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 57.99M | 54.86M | 97.92M | 128.81M | 61.18M | 61.32M | 158.9M | 192.53M | -861K |
| Operating CF Margin % | 14.31% | 12.64% | 20.86% | 25.03% | 11.45% | 6.9% | 13.6% | 16.04% | -0.06% |
| Operating CF Growth % | -9.28% | -5.41% | 78.51% | 31.54% | -52.5% | 0.22% | 159.13% | 21.17% | -100.45% |
| Net Income | 54.5M | 42.33M | 53.71M | 79.01M | 58.76M | 100.38M | 177.62M | 168.56M | 107.59M |
| Depreciation & Amortization | 15.01M | 17.66M | 22.77M | 25.63M | 30.42M | 35.43M | 46.79M | 189K | 79.36M |
| Stock-Based Compensation | 6.31M | 7.86M | 11.8M | 11.34M | 11.81M | 13.7M | 16.38M | 16.73M | 17.99M |
| Deferred Taxes | -749K | 2.64M | 6.04M | 13.03M | 3.67M | -13.33M | -6.53M | -6.61M | 31.15M |
| Other Non-Cash Items | -209K | 318K | 1.84M | -5.21M | 669K | 2.72M | 1.52M | 63.03M | -594K |
| Working Capital Changes | -16.87M | -15.95M | 1.77M | 5.01M | -44.14M | -77.57M | -76.89M | -49.37M | -236.36M |
| Change in Receivables | -7.52M | -2.83M | 174K | 16.04M | -9.74M | -47.51M | -9.98M | -10.04M | -167.02M |
| Change in Inventory | -23.7M | -5.6M | 2.56M | -9.73M | -45.95M | -71.41M | -16.23M | 27.08M | -73.88M |
| Change in Payables | 3.04M | -1.18M | 280K | -2.15M | 10.9M | 11.57M | -18.32M | 16.96M | 52.9M |
| Cash from Investing | -31.05M | -34.63M | -37.05M | -61.27M | -158.72M | -76.21M | -109.31M | -213.07M | -192.42M |
| Capital Expenditures | -41.71M | -37.27M | -37.17M | -67.8M | -55.36M | -54.02M | -109.49M | -213.15M | -204.89M |
| CapEx % of Revenue | 10.29% | 8.59% | 7.92% | 13.18% | 10.36% | 6.08% | 9.37% | 17.75% | 14.21% |
| Acquisitions | 10K | -6.38M | 0 | 0 | -103.43M | -249K | 0 | 0 | 40K |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 60K | 66K | 120K | 6.53M | 73K | -21.94M | 180K | 76K | 12.44M |
| Cash from Financing | -29.64M | -39.68M | -18.5M | -29.63M | 18.73M | 17.36M | -46.51M | 18.03M | 188M |
| Debt Issued (Net) | 0 | 0 | 6.61M | 0 | 40M | 30.89M | -26.61M | 120.99M | 243.19M |
| Equity Issued (Net) | -14.36M | -21.86M | -6.96M | -8.64M | 272K | 10.4M | 8.25M | -68.17M | -12.85M |
| Dividends Paid | -13.66M | -16.73M | -16.64M | -19.82M | -19.95M | -22.92M | -26.45M | -26.08M | -32.6M |
| Share Repurchases | -16.62M | -26.85M | -19.59M | -30.06M | -20.88M | -12.74M | -25.01M | -100.03M | -30M |
| Other Financing | -1.61M | -1.1M | -1.51M | -1.17M | -1.59M | -1.02M | -1.7M | -8.7M | -9.73M |
| Net Change in Cash | -2.7M▲ 0% | -19.46M▼ 621.9% | 42.38M▲ 317.7% | 37.91M▼ 10.5% | -78.8M▼ 307.8% | 2.46M▲ 103.1% | 3.07M▲ 24.9% | -2.51M▼ 181.6% | -5.28M▼ 110.2% |
| Free Cash Flow | 16.28M▲ 0% | 17.59M▲ 8.0% | 60.76M▲ 245.5% | 61.01M▲ 0.4% | 5.82M▼ 90.5% | 7.29M▲ 25.3% | 54.6M▲ 648.6% | -3.13M▼ 105.7% | -191.42M▼ 6019.7% |
| FCF Margin % | 4.02% | 4.05% | 12.95% | 11.86% | 1.09% | 0.82% | 4.67% | -0.26% | -13.27% |
| FCF Growth % | -56.37% | 8.03% | 245.46% | 0.42% | -90.46% | 25.3% | 648.57% | -105.73% | -6019.69% |
| FCF per Share | 0.20 | 0.22 | 0.77 | 0.77 | 0.07 | 0.09 | 0.66 | -0.04 | -2.30 |
| FCF Conversion (FCF/Net Income) | 1.06x | 1.30x | 1.82x | 1.63x | 1.04x | 0.61x | 0.89x | 1.14x | -0.01x |
| Interest Paid | 0 | 6K | 0 | 0 | 0 | 2.41M | 4.82M | 2.81M | 0 |
| Taxes Paid | 16.95M | 14.98M | 0 | 0 | 7.89M | 19.29M | 63.38M | 49.92M | 0 |
AAON Key Ratios
AAON, Inc. (AAON) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 27.74% | 24.6% | 17.4% | 19.91% | 24.65% | 14.38% | 19.55% | 27.41% | 21.61% | 12.51% |
| Return on Invested Capital (ROIC) | 33.85% | 28.01% | 17.92% | 19.68% | 28.53% | 13.37% | 16.7% | 24.05% | 17.61% | 9.44% |
| Gross Margin | 30.75% | 30.51% | 23.86% | 25.45% | 30.29% | 25.79% | 26.73% | 34.15% | 33.07% | 26.75% |
| Net Margin | 13.9% | 13.45% | 9.75% | 11.44% | 15.35% | 10.99% | 11.29% | 15.2% | 14.04% | 7.46% |
| Debt / Equity | - | - | - | - | 0.00x | 0.09x | 0.14x | 0.07x | 0.21x | 0.48x |
| Interest Coverage | - | - | - | - | - | 525.11x | 48.41x | 47.08x | 72.12x | 8.26x |
| FCF Conversion | 1.20x | 1.06x | 1.30x | 1.82x | 1.63x | 1.04x | 0.61x | 0.89x | 1.14x | -0.01x |
| Revenue Growth | 7.07% | 5.54% | 7.09% | 8.15% | 9.63% | 3.88% | 66.28% | 31.47% | 2.75% | 20.11% |
AAON SEC Filings & Documents
AAON, Inc. (AAON) SEC filings — annual & quarterly reports (10-K, 10-Q)
AAON Frequently Asked Questions
AAON, Inc. (AAON) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
AAON, Inc. (AAON) reported $1.44B in revenue for fiscal year 2025. This represents a 2195% increase from $62.8M in 1996.
AAON, Inc. (AAON) grew revenue by 20.1% over the past year. This is strong growth.
Yes, AAON, Inc. (AAON) is profitable, generating $107.6M in net income for fiscal year 2025 (7.5% net margin).
Dividend & Returns
Yes, AAON, Inc. (AAON) pays a dividend with a yield of 0.40%. This makes it attractive for income-focused investors.
AAON, Inc. (AAON) has a return on equity (ROE) of 12.5%. This is reasonable for most industries.
AAON, Inc. (AAON) had negative free cash flow of $190.0M in fiscal year 2025, likely due to heavy capital investments.
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