Last 47 quarters of trend data · Industrials · Construction
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 64.55 | 46.64 | 43.10 | 50.16 | 63.14 | 97.04 | 55.81 | 98.07 | 42.79 | 35.18 | 47.88 | 32.98 | 24.51 | 28.73 | 35.81 | 26.71 | 26.41 | 45.64 | 42.22 | 180.59 | 57.32 |
| — | -51.9% | -22.8% | -48.8% | +47.5% | +175.9% | +16.6% | +197.4% | +74.6% | +22.4% | +33.7% | +23.5% | -7.2% | -37.0% | -15.2% | -85.2% | -53.9% | +13.7% | -27.6% | +274.0% | +48.4% | |
| P/S Ratio | 4.73 | 4.23 | 3.46 | 3.73 | 5.04 | 4.91 | 5.06 | 8.26 | 6.85 | 5.83 | 7.06 | 5.03 | 3.80 | 4.65 | 5.02 | 4.05 | 3.00 | 3.52 | 4.11 | 7.86 | 6.31 |
| — | -13.7% | -31.5% | -54.8% | -26.3% | -15.8% | -28.4% | +64.3% | +80.2% | +25.5% | +40.7% | +24.0% | +26.9% | +32.0% | +22.1% | -48.4% | -52.5% | -39.7% | -49.4% | +3.0% | +6.3% | |
| P/B Ratio | 7.73 | 10.51 | 7.37 | 7.08 | 8.98 | 7.35 | 7.98 | 11.93 | 11.25 | 9.87 | 9.43 | 8.38 | 6.95 | 7.99 | 8.76 | 7.36 | 5.55 | 5.99 | 6.26 | 9.19 | 8.74 |
| — | +43.1% | -7.7% | -40.6% | -20.2% | -25.6% | -15.4% | +42.3% | +61.9% | +23.5% | +7.6% | +13.9% | +25.2% | +33.4% | +40.0% | -19.9% | -36.5% | -31.5% | -38.0% | -9.5% | -5.9% | |
| P/FCF | — | — | — | — | — | — | — | — | 75.22 | — | 32.32 | 61.25 | 47.55 | 56.31 | — | 188.80 | 23.73 | — | — | — | 378.32 |
| — | — | — | — | — | — | — | — | +58.2% | — | — | -67.6% | +100.4% | — | — | — | -93.7% | — | — | — | +787.8% | |
| EV / EBITDA | 31.27 | 24.37 | 23.51 | 26.26 | 31.93 | 37.04 | 31.34 | 53.18 | 27.26 | 22.67 | 30.67 | 20.16 | 15.70 | 20.37 | 24.90 | 18.68 | 16.14 | 25.49 | 25.56 | 81.11 | 30.61 |
| — | -34.2% | -25.0% | -50.6% | +17.1% | +63.4% | +2.2% | +163.8% | +73.7% | +11.3% | +23.2% | +7.9% | -2.7% | -20.1% | -2.6% | -77.0% | -47.3% | +2.9% | -28.0% | +201.5% | +28.1% | |
| EV / EBIT | 47.56 | 40.14 | 32.13 | 38.34 | 46.61 | 68.62 | 48.03 | 84.87 | 34.43 | 27.50 | 39.39 | 24.27 | 18.66 | 24.39 | 30.63 | 22.69 | 20.23 | 36.68 | 33.46 | 197.71 | 42.21 |
| — | -41.5% | -33.1% | -54.8% | +35.4% | +149.5% | +21.9% | +249.7% | +84.5% | +12.8% | +28.6% | +7.0% | -7.8% | -33.5% | -8.5% | -88.5% | -52.1% | +14.2% | -32.7% | +337.2% | +41.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.7% | 24.3% | 25.1% | 25.9% | 27.8% | 26.6% | 26.8% | 26.1% | 34.9% | 36.1% | 35.2% | 36.4% | 37.2% | 33.1% | 29.0% | 30.8% | 27.0% | 22.7% | 25.2% | 19.5% | 26.0% |
| — | -8.4% | -6.2% | -0.7% | -20.3% | -26.4% | -23.8% | -28.5% | -6.3% | +8.9% | +21.3% | +18.1% | +37.7% | +45.9% | +15.1% | +58.4% | +4.0% | -22.5% | -12.0% | -33.0% | -14.2% | |
| Operating Margin | 10.6% | 11.0% | 11.5% | 10.4% | 11.4% | 7.6% | 10.9% | 9.9% | 20.0% | 21.4% | 17.9% | 20.8% | 20.7% | 19.3% | 16.6% | 18.3% | 15.1% | 9.8% | 12.6% | 4.0% | 14.5% |
| — | +45.2% | +5.3% | +4.8% | -43.3% | -64.7% | -39.2% | -52.6% | -3.4% | +11.2% | +7.8% | +13.8% | +37.0% | +96.8% | +32.0% | +358.3% | +4.1% | -44.1% | -21.0% | -81.9% | -25.1% | |
| Net Margin | 7.5% | 9.0% | 8.0% | 7.6% | 8.0% | 5.0% | 9.1% | 8.3% | 16.1% | 16.7% | 14.9% | 15.3% | 15.4% | 16.1% | 13.8% | 15.3% | 11.3% | 7.6% | 9.9% | 4.5% | 11.2% |
| — | +81.8% | -11.9% | -8.9% | -50.2% | -70.2% | -38.9% | -46.0% | +4.3% | +3.5% | +7.5% | +0.4% | +36.1% | +110.7% | +40.1% | +236.6% | +0.7% | -46.7% | -30.1% | -72.0% | -25.9% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.5% | 5.8% | 4.4% | 3.6% | 3.6% | 1.9% | 3.6% | 3.0% | 6.8% | 6.8% | 5.1% | 6.6% | 7.2% | 7.2% | 6.3% | 7.2% | 5.4% | 3.3% | 3.8% | 1.4% | 4.0% |
| — | +210.2% | +21.9% | +19.7% | -47.0% | -72.6% | -30.4% | -54.1% | -4.4% | -4.8% | -18.4% | -7.5% | +32.2% | +119.0% | +64.9% | +402.3% | +36.3% | -39.7% | -15.6% | -73.7% | -35.2% | |
| ROA | 7.5% | 3.1% | 2.3% | 2.0% | 2.1% | 1.1% | 2.4% | 2.2% | 5.2% | 5.3% | 4.1% | 5.0% | 5.1% | 5.1% | 4.4% | 4.9% | 3.5% | 2.1% | 2.6% | 1.1% | 3.1% |
| — | +170.3% | -3.2% | -11.1% | -59.3% | -78.4% | -42.5% | -55.1% | +0.5% | +4.7% | -5.9% | +2.6% | +45.9% | +138.1% | +65.8% | +358.6% | +15.2% | -48.9% | -24.8% | -75.0% | -35.1% | |
| ROIC | 9.9% | 3.6% | 3.2% | 2.6% | 2.7% | 1.6% | 2.5% | 2.4% | 5.7% | 6.2% | 4.5% | 6.1% | 6.4% | 5.7% | 5.0% | 5.7% | 4.7% | 2.7% | 3.3% | 1.0% | 5.3% |
| — | +130.0% | +24.9% | +8.8% | -52.7% | -74.5% | -43.2% | -61.5% | -10.4% | +7.9% | -10.4% | +7.7% | +36.9% | +112.3% | +53.2% | +461.6% | -11.6% | -61.0% | -35.6% | -85.6% | -27.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.47 | 0.46 | 0.48 | 0.47 | 0.44 | 0.40 | 0.33 | 0.21 | 0.09 | 0.14 | 0.02 | 0.07 | 0.13 | 0.13 | 0.15 | 0.14 | 0.15 | 0.23 | 0.17 | 0.09 | — |
| — | +13.9% | +47.0% | +128.8% | +386.2% | +191.3% | +1401.8% | +201.6% | -32.4% | +6.1% | -85.4% | -50.7% | -10.4% | -43.0% | -12.6% | +56.5% | — | — | — | +15385.2% | — | |
| Debt / EBITDA | 1.83 | 4.08 | 5.78 | 6.60 | 5.94 | 7.71 | 4.95 | 3.63 | 0.87 | 1.25 | 0.28 | 0.66 | 1.18 | 1.31 | 1.67 | 1.39 | 1.69 | 3.77 | 2.72 | 3.12 | — |
| — | -47.1% | +16.7% | +81.5% | +585.6% | +514.8% | +1644.2% | +454.2% | -26.7% | -4.3% | -83.0% | -52.9% | -30.2% | -65.3% | -38.6% | -55.4% | — | — | — | +49915.7% | — | |
| Current Ratio | 2.63 | 3.01 | 2.62 | 2.63 | 3.04 | 3.10 | 2.77 | 2.79 | 3.06 | 2.99 | 3.13 | 3.23 | 3.03 | 2.76 | 2.79 | 2.40 | 2.36 | 2.40 | 2.48 | 2.51 | 3.65 |
| — | -2.9% | -5.2% | -5.9% | -0.8% | +3.7% | -11.7% | -13.5% | +1.1% | +8.5% | +12.5% | +34.5% | +28.1% | +14.8% | +12.2% | -4.6% | -35.2% | -27.2% | -32.5% | -32.6% | -0.5% | |
| Quick Ratio | 1.84 | 2.01 | 1.75 | 1.84 | 2.03 | 1.99 | 1.80 | 1.72 | 1.79 | 1.70 | 1.57 | 1.54 | 1.50 | 1.36 | 1.34 | 1.03 | 1.12 | 1.20 | 1.20 | 1.01 | 2.24 |
| — | +1.0% | -2.9% | +6.9% | +13.7% | +17.1% | +15.3% | +11.5% | +19.2% | +25.0% | +16.9% | +49.4% | +34.0% | +13.2% | +11.1% | +1.9% | -50.0% | -45.1% | -50.2% | -56.7% | -6.2% | |
| Interest Coverage | 8.26 | 11.14 | 11.29 | 7.65 | 8.46 | 5.87 | 12.59 | 24.40 | 60.13 | 183.58 | 196.85 | 72.42 | 51.15 | 35.58 | 38.54 | 49.62 | 38.53 | 37.59 | 121.22 | 45.18 | 2011.80 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying AAON stock.
AAON, Inc.'s current P/E is 64.6x. The average P/E over the last 4 quarters is 50.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
AAON, Inc.'s current operating margin is 10.6%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking AAON, Inc.'s business trajectory between earnings reports.