AAON, Inc. (AAON) Earnings History
Steady Earner36 years of earnings data (1990–2025) · Positive but moderate multi-year EPS trajectory
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AAON, Inc. (AAON) Earnings Overview
As of June 21, 2026, AAON, Inc. (AAON) reported trailing twelve-month net income of $118M, reflecting -36.1% year-over-year growth. The company earned $1.42 per diluted share over the past four quarters, with a net profit margin of 7.5%.
Looking at the long-term picture, AAON's 5-year EPS compound annual growth rate (CAGR) stands at +5.4%, showing solid earnings momentum. The company achieved its highest annual net income of $178M in fiscal 2023.
AAON, Inc. maintains positive profitability with a gross margin of 26.7%, operating margin of 10.6%, and net margin of 7.5%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including LII ($783M net income, 15.1% margin), CARR ($1.32B net income, 6.9% margin), TT ($2.90B net income, 13.7% margin), AAON has room to improve margins relative to the peer group. Compare AAON vs LII →
AAON Earnings vs Peers
Earnings metrics vs comparable public companies
AAON Historical Earnings Data (1990–2025)
36 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $108M | -36.2% | $152M | $1.29 | 7.5% | 10.6% |
| 2024 | $169M | -5.1% | $209M | $2.02 | 14.0% | 17.4% |
| 2023 | $178M | +77.0% | $227M | $2.13 | 15.2% | 19.5% |
| 2022 | $100M | +70.8% | $127M | $1.24 | 11.3% | 14.3% |
| 2021 | $59M | -25.6% | $69M | $0.73 | 11.0% | 13.0% |
| 2020 | $79M | +47.1% | $102M | $0.99 | 15.4% | 19.8% |
| 2019 | $54M | +26.9% | $67M | $0.68 | 11.4% | 14.3% |
| 2018 | $42M | -22.3% | $55M | $0.54 | 9.8% | 12.8% |
| 2017 | $54M | +2.1% | $74M | $0.69 | 13.4% | 18.3% |
| 2016 | $53M | +16.7% | $80M | $0.67 | 13.9% | 20.7% |
| 2015 | $46M | +3.6% | $71M | $0.56 | 12.8% | 19.9% |
| 2014 | $44M | +17.6% | $68M | $0.53 | 12.4% | 19.1% |
| 2013 | $38M | +36.8% | $56M | $0.68 | 11.7% | 17.4% |
| 2012 | $27M | +96.3% | $44M | $0.33 | 9.1% | 14.6% |
| 2011 | $14M | -36.1% | $22M | $0.37 | 5.3% | 8.3% |
| 2010 | $22M | -21.0% | $33M | $0.58 | 9.0% | 13.4% |
| 2009 | $28M | -3.0% | $42M | $0.32 | 11.3% | 16.9% |
| 2008 | $29M | +23.5% | $43M | $0.32 | 10.2% | 15.5% |
| 2007 | $23M | +35.2% | $36M | $0.24 | 8.8% | 13.6% |
| 2006 | $17M | +49.5% | $26M | $0.18 | 7.4% | 11.2% |
| 2005 | $11M | +52.4% | $18M | $0.12 | 6.2% | 9.6% |
| 2004 | $8M | -47.1% | $12M | $0.08 | 4.3% | 7.1% |
| 2003 | $14M | -2.6% | $21M | $0.21 | 9.6% | 14.3% |
| 2002 | $15M | +3.2% | $23M | $0.21 | 9.4% | 14.7% |
| 2001 | $14M | +10.6% | $23M | $0.14 | 9.0% | 14.5% |
| 2000 | $13M | +31.9% | $21M | $0.18 | 8.3% | 13.4% |
| 1999 | $10M | +85.5% | $16M | $0.13 | 7.4% | 12.1% |
| 1998 | $5M | +73.1% | $9M | $0.05 | 4.9% | 8.6% |
| 1997 | $3M | +45.6% | $5M | $0.03 | 3.7% | 6.0% |
| 1996 | $2M | -1.2% | $5M | $0.02 | 3.3% | 7.4% |
| 1995 | $2M | -58.8% | $5M | $0.03 | 3.1% | 6.7% |
| 1994 | $5M | +88.9% | $10M | $0.05 | 6.4% | 12.5% |
| 1993 | $3M | +68.8% | $5M | $0.04 | 5.9% | 11.7% |
| 1992 | $2M | +300.0% | $3M | $0.02 | 4.3% | 8.6% |
| 1991 | $400,000 | -60.0% | $1M | $0.01 | 1.5% | 5.2% |
| 1990 | $1M | - | $2M | $0.01 | 2.8% | 6.6% |
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AAON — Frequently Asked Questions
Quick answers to the most common questions about buying AAON stock.
What is AAON earnings per share (EPS)?
AAON trailing twelve-month (TTM) diluted EPS is $1.42, reflecting -36.1% year-over-year growth. The 5-year EPS CAGR is +5.4%. Complete EPS history from 1990 to 2025 is available in the table on this page.
What is AAON, Inc.'s net income?
AAON, Inc. (AAON) trailing twelve-month net income is $118M as of 2025. Earnings declined -36.1% year-over-year. AAON, Inc. has been profitable for 36 consecutive years.
Is AAON profitable?
Yes, AAON is profitable with a TTM net income of $118M and a net profit margin of +7.5%. AAON, Inc. has generated profits for 36 consecutive years.
What is AAON's earnings growth rate?
AAON compound annual EPS growth rates (CAGR): 1-Year: -36.1%, 3-Year: +1.3%, 5-Year: +5.4%, 10-Year: +8.7%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1990 to 2025.
What are AAON's profit margins?
AAON, Inc. net profit margin is +7.5%, operating margin is +10.6%, and gross margin is +26.7%. Margins are within a typical range for the sector. Return on Equity is +12.5%.
Is AAON growing earnings?
AAON earnings are declining — EPS fell -36.1% year-over-year. TTM net income dropped to $118M. This contrasts with the 5-year CAGR of +5.4%.
What was AAON's best earnings year?
AAON, Inc.'s highest annual net income on record is $178M, achieved in fiscal year 2023. Earnings history on this page spans 1990 to 2025 and includes all annual and quarterly figures.
What were AAON's earnings last quarter?
AAON's most recent reported quarter was Q1 2026. Net income was $40M with diluted EPS of $0.48. For a full breakdown of all quarters, see the quarterly earnings table on this page.