AAON Inc
AAON
87.13
-0.94
-1.07%
AAON Inc
US · AAON
#1803 by market cap
Listed 1970
87.13
-0.94
-1.07%
Live - 5344 symbols - heartbeat 195s ago
· 2026-10-08 07:51
Pre-market
84.98
-2.47%
After-hours
87.13
0.00%
Overnight
86.26
-1.00%
- Market cap
- 7.18B
- P/E (TTM)i
- 45.86
- P/Bi
- 7.11
- EPSi
- 1.29
- Div yieldi
- 0.46%
- 52W posi
- 18%
Reader sentiment
Are you bullish or bearish on AAON?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 7.67, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +20.11% YoY
Margins
- Gross margin
- 26.75%
- Operating margin
- 10.56%
- Net margin
- 7.46%
Key ratios & quality
- Enterprise valuei
- 7.59B
- PEG ratioi
- 19.59
- Altman Z-Scorei
- 7.67
PEG uses trailing P/E against the 3-year net income growth rate (2.34%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 433.95M | 469.33M | 514.55M | 534.52M | 888.79M | 1.17B | 1.20B | 1.44B |
| Gross profit | 103.53M | 119.43M | 155.85M | 137.83M | 237.57M | 399.02M | 397.11M | 385.72M |
| Selling & admin expenses | 47.07M | 50.55M | 60.49M | 68.60M | 110.82M | 171.54M | 167.47M | 205.66M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 55.51M | 67.35M | 95.36M | 69.23M | 126.75M | 227.48M | 209.10M | 152.35M |
| Pretax profit | 55.50M | 67.03M | 101.98M | 69.18M | 124.53M | 223.15M | 206.59M | 128.75M |
| Tax | 13.17M | 13.32M | 22.97M | 10.42M | 24.16M | 45.53M | 38.03M | 21.16M |
| Net profit | 42.33M | 53.71M | 79.01M | 58.76M | 100.38M | 177.62M | 168.56M | 107.59M |
| Basic EPS | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 |
| Diluted EPS | 0.53 | 0.68 | 0.99 | 0.73 | 1.24 | 2.13 | 2.02 | 1.29 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 322.05M | 311.57M | 384.24M | 424.22M | 496.94M | 626.98M |
| Gross profit | 86.36M | 82.73M | 106.86M | 109.77M | 124.97M | 152.49M |
| Selling & admin expenses | 41.71M | 48.40M | 56.39M | 59.16M | 61.20M | 72.92M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 37.77M | 26.99M | 43.63M | 43.96M | 57.06M | 70.33M |
| Pretax profit | 32.48M | 19.51M | 38.44M | 38.32M | 52.08M | 62.85M |
| Tax | 3.19M | 4.02M | 7.66M | 6.29M | 12.27M | 6.19M |
| Net profit | 29.29M | 15.49M | 30.78M | 32.03M | 39.82M | 56.66M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 1 |
| Diluted EPS | 0.35 | 0.19 | 0.37 | 0.39 | 0.48 | 0.68 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 140.66M | 187.55M | 220.25M | 218.08M | 349.12M | 408.95M | 488.21M | 869.18M |
| Cash & ST investments | 1.99M | 26.80M | 79.03M | 2.86M | 5.45M | 287.00K | 14.00K | 13.00K |
| Inventory | 77.61M | 73.60M | 82.22M | 130.27M | 198.94M | 213.53M | 187.42M | 261.15M |
| Total assets | 307.99M | 371.42M | 449.01M | 650.18M | 813.90M | 941.44M | 1.18B | 1.69B |
| Total current liabilities | 47.49M | 56.03M | 59.03M | 86.77M | 145.57M | 126.75M | 174.91M | 330.86M |
| Short-term debt | -- | -- | 202.00K | 1.58M | 1.25M | 2.02M | 18.48M | 10.80M |
| Long-term debt | -- | -- | -- | 40.00M | 71.00M | 38.33M | 138.89M | 398.32M |
| Total liabilities | 58,551,000.00 | 81,284,000.00 | 98,143,000.00 | 184,010,000.00 | 253,189,000.00 | 206,212,000.00 | 350,652,000.00 | 791,525,000.00 |
| Total equity | 249.44M | 290.14M | 350.87M | 466.17M | 560.71M | 735.22M | 824.58M | 894.99M |
| Retained earnings | 249.24M | 286.30M | 345.50M | 384.31M | 461.66M | 612.84M | 755.31M | 830.30M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 571.74M | 654.15M | 759.33M | 869.18M | 943.70M | 995.02M |
| Cash & ST investments | 994.00K | 14.00K | 1.04M | 13.00K | 13.00K | 13.00K |
| Inventory | 198.85M | 234.98M | 250.51M | 261.15M | 313.20M | 331.33M |
| Total assets | 1.30B | 1.40B | 1.53B | 1.69B | 1.79B | 1.86B |
| Total current liabilities | 206.62M | 210.73M | 250.18M | 330.86M | 359.63M | 330.27M |
| Short-term debt | 18.44M | 2.85M | 2.90M | 10.80M | 10.89M | 3.39M |
| Long-term debt | 236.42M | 317.28M | 360.14M | 398.32M | 425.15M | 435.00M |
| Total liabilities | 484,341,000.00 | 566,667,000.00 | 670,961,000.00 | 791,525,000.00 | 855,503,000.00 | 853,267,000.00 |
| Total equity | 815.85M | 832.75M | 863.11M | 894.99M | 934.21M | 1.01B |
| Retained earnings | 776.51M | 783.81M | 806.43M | 830.30M | 861.97M | 910.40M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 54.86M | 97.93M | 128.81M | 61.18M | 61.32M | 158.90M | 192.53M | 534.00K |
| Depreciation & amortization | 17.66M | 22.77M | 25.63M | 30.42M | 35.43M | 46.79M | 62.92M | 79.36M |
| Free cash flow | 17.59M | 60.76M | 61.01M | 5.82M | -14.71M | 49.40M | -20.62M | -204.36M |
| Dividends paid | -16.73M | -16.65M | -19.82M | -19.95M | -22.92M | -26.45M | -26.08M | -32.60M |
| Stock buybacks / issuance | -26.85M | -19.59M | -30.06M | -20.88M | -12.74M | -25.01M | -100.03M | -30.00M |
| Ending cash balance | 1.99M | 44.37M | 82.29M | 3.49M | 5.95M | 9.02M | 6.51M | 1.24M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -9.21M | -21.83M | 12.26M | 19.32M | 33.99M | 20.97M |
| Depreciation & amortization | 18.97M | 19.98M | 20.01M | 20.40M | 20.94M | 23.86M |
| Free cash flow | -59.65M | -60.94M | -37.12M | -46.64M | -18.94M | -28.67M |
| Dividends paid | -8.10M | -8.18M | -8.16M | -8.17M | -8.15M | -8.23M |
| Stock buybacks / issuance | -31.54M | 1.54M | 0 | -3.00K | 0 | 0 |
| Ending cash balance | 2.38M | 1.32M | 2.27M | 1.24M | 1.10M | 12.73M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 17.57 | 19.98 | 24.65 | 14.38 | 19.55 | 27.41 | 21.61 | 12.51 |
| ROA %i | 14.07 | 15.81 | 19.26 | 10.69 | 13.71 | 20.24 | 15.93 | 7.52 |
| ROIC %i | 17.50 | 19.96 | 24.63 | 13.08 | 17.60 | 25.58 | 19.19 | 10.57 |
| 5-year avg ROE %i | 24.29 | 23.05 | 22.80 | 20.13 | 19.18 | 21.18 | 21.52 | 19.09 |
| EBIT margin %i | 12.89 | 14.37 | 18.56 | 12.97 | 14.26 | 19.51 | 17.45 | 10.16 |
| FCF / sales %i | 4.05 | 12.95 | 11.86 | 1.09 | -- | 4.23 | -- | -- |
| Current ratioi | 2.96 | 3.35 | 3.73 | 2.51 | 2.40 | 3.23 | 2.79 | 2.63 |
| Quick ratioi | 1.31 | 1.70 | 2.22 | 0.98 | 1.02 | 1.45 | 1.64 | 1.78 |
| Debt / assetsi | -- | -- | 0.05 | 6.40 | 9.61 | 5.37 | 14.55 | 25.18 |
| LT debt / equityi | -- | -- | -- | 8.58 | 13.73 | 6.60 | 18.49 | 46.24 |
| Interest coveragei | -- | -- | -- | 525.11 | -- | 47.08 | 72.12 | 8.26 |
| Revenue CAGR (3Y) %i | 6.56 | 6.92 | 8.29 | 7.20 | 23.72 | 31.44 | 30.96 | 17.51 |
| Net income CAGR (3Y) %i | -2.54 | 0.21 | 13.65 | 11.55 | 23.17 | 31.00 | 42.09 | 2.34 |
| FCF CAGR (3Y) %i | -20.03 | 17.64 | 55.33 | -30.83 | -- | -6.79 | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 19.85 | 15.52 | 12.08 | 12.51 | 13.50 | 17.28 |
| ROA %i | 14.10 | 10.13 | 7.82 | 7.52 | 7.65 | 9.76 |
| ROIC %i | 17.33 | 12.90 | 10.56 | 10.57 | 10.86 | 13.51 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 15.69 | 12.23 | 10.02 | 10.16 | 10.41 | 11.07 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 2.77 | 3.10 | 3.04 | 2.63 | 2.62 | 3.01 |
| Quick ratioi | 1.75 | 1.95 | 2.00 | 1.78 | 1.69 | 1.93 |
| Debt / assetsi | 20.60 | 23.99 | 24.64 | 25.18 | 25.19 | 24.26 |
| LT debt / equityi | 30.57 | 39.98 | 43.45 | 46.24 | 47.10 | 44.41 |
| Interest coveragei | 36.16 | 16.89 | 10.01 | 8.26 | 8.43 | 9.65 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- AAON Oklahoma is the largest reported line at 56.40% of revenue, across 4 reported segments.
- BASX follows at 34.86%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
AAON Oklahoma56.40%
BASX34.86%
AAON Coil Products24.62%
Quote time 2026-10-08 07:51:11 · For reference only, not investment advice and not tailored to your situation.