Saturday 17 October 2026
Export AAON’s income statement to Excel — free account
AAON, Inc.
AAON Industrials Building Products & Equipment
AAON, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 20.1% from fiscal 2024. In the quarter to June 2026, revenue grew 101.2%, EPS grew 263.2%, free cash flow grew 53.0% and total debt rose 37.1%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for ten; insiders bought in the last twelve months.
73.73
3.57
−4.62%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
57.77 | 56.85 | 33.74 | 39.59 | 70.91 | 44.12 | 46.61 | 43.28 | 35.87 | 33.68 |
Piotroski F-Score |
2 | 3 | 7 | 5 | 3 | 7 | 7 | 5 | 5 | 9 |
P/S ratio |
4.31 | 7.99 | 5.13 | 4.47 | 7.79 | 6.76 | 5.48 | 4.22 | 4.79 | 4.60 |
Altman Z-Score |
6.93 | 19.23 | 20.75 | 12.17 | 15.82 | 24.65 | 22.36 | 22.28 | 23.17 | 24.85 |
Altman Z″-Score (non-manufacturers) |
5.47 | 7.51 | 9.46 | 6.86 | 6.63 | 10.14 | 9.80 | 10.30 | 10.76 | 11.58 |
P/FCF ratio |
0.00 | 0.00 | 109.58 | 0.00 | 712.70 | 56.92 | 42.30 | 104.13 | 119.22 | 47.25 |
Beneish M-Score |
(1.39) | (2.70) | (2.36) | (1.90) | 6.44 | (3.32) | (2.95) | (0.26) | (2.60) | (3.07) |
P/Operating CF |
321.80 | 11,346.44 | 115.89 | 221.76 | (307.85) | 109.24 | 94.11 | 171.87 | 120.42 | 104.33 |
Dividend Safety Score |
49 | — | — | — | — | — | — | — | — | — |
P/B ratio |
6.95 | 11.63 | 8.16 | 7.08 | 8.93 | 9.91 | 8.87 | 7.35 | 8.19 | 8.57 |
Price to Tangible BV |
8.53 | 14.43 | 10.25 | 9.59 | 13.41 | 10.00 | 8.98 | 7.46 | 8.19 | 8.57 |
EV/Sales |
4.59 | 8.10 | 5.16 | 4.54 | 7.86 | 6.61 | 5.40 | 4.22 | 4.72 | 4.48 |
EV/EBITDA |
29.26 | 35.71 | 21.97 | 24.87 | 42.11 | 26.66 | 28.24 | 25.07 | 21.41 | 18.53 |
EV/Operating CF |
12,385.14 | 50.49 | 37.93 | 65.81 | 68.63 | 26.40 | 25.89 | 33.38 | 32.97 | 26.92 |
EV/FCF |
(32.37) | (471.99) | 110.12 | (274.63) | 718.96 | 55.67 | 41.68 | 104.02 | 117.36 | 46.08 |
Quick Ratio |
1.04 | 0.90 | 1.16 | 0.91 | 0.92 | 2.27 | 2.01 | 1.30 | 1.65 | 2.38 |
Current Ratio |
2.63 | 2.79 | 3.23 | 2.40 | 2.51 | 3.73 | 3.35 | 2.96 | 3.07 | 3.61 |
Net Debt/EBITDA |
1.76 | 0.49 | 0.11 | 0.40 | 0.37 | (0.60) | (0.42) | (0.03) | (0.34) | (0.47) |
Debt/Assets |
23.62% | 11.82% | 4.07% | 8.72% | 6.15% | 1.42% | 1.70% | 0.00% | 0.00% | 0.00% |
Debt/Equity |
0.45 | 0.17 | 0.05 | 0.13 | 0.09 | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 |
Asset Turnover |
1.01 | 1.13 | 1.33 | 1.21 | 0.97 | 1.25 | 1.38 | 1.44 | 1.46 | 1.57 |
Operating CF/Net income |
0.01 | 1.14 | 0.89 | 0.61 | 1.04 | 1.63 | 1.82 | 1.30 | 1.08 | 1.20 |
Capex/Depreciation |
(2.57) | (3.38) | (2.33) | (2.14) | (1.82) | (2.64) | (1.63) | (2.11) | (2.77) | (2.00) |
Interest Coverage |
8.25 | 71.99 | 46.97 | 48.25 | 524.64 | 1,157.23 | 1,015.32 | 282.40 | 249.11 | 272.58 |
| 12.51% | 21.61% | 27.41% | 19.55% | 14.38% | 24.65% | 19.91% | 17.40% | 24.30% | 27.74% | |
| 7.52% | 15.93% | 20.24% | 13.71% | 10.69% | 19.26% | 15.81% | 14.00% | 19.46% | 21.81% | |
ROIC |
7.07% | 13.66% | 18.60% | 12.66% | 8.61% | 23.15% | 16.61% | 13.98% | 22.43% | 30.68% |
Return on Tangible Assets |
9.20% | 20.46% | 27.24% | 19.75% | 15.09% | 20.55% | 17.35% | 16.52% | 21.88% | 24.62% |
Average Days of Receivables |
86.52 | 46.07 | 43.14 | 52.22 | 52.24 | 36.87 | 53.02 | 50.45 | 46.82 | 46.81 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
16.61% | 15.66% | 14.68% | 12.47% | 12.83% | 11.76% | 11.10% | 11.11% | 12.18% | 10.03% |
Intangible Assets out of Total Assets |
0.10 | 0.14 | 0.16 | 0.18 | 0.24 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
1.25% | 1.39% | 1.40% | 1.54% | 2.21% | 2.20% | 2.51% | 1.81% | 1.56% | 1.13% |
Graham Net Nets |
0.01 | 0.01 | 0.03 | 0.02 | 0.01 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 |
Graham Number |
18.06 | 21.71 | 21.13 | 14.13 | 9.98 | 10.08 | 7.68 | 6.22 | 6.82 | 6.21 |
Earnings Yield |
1.73% | 1.76% | 2.96% | 2.53% | 1.41% | 2.27% | 2.15% | 2.31% | 2.79% | 2.97% |
Free Cash Flow Yield |
(3.29%) | (0.21%) | 0.91% | (0.37%) | 0.14% | 1.76% | 2.36% | 0.96% | 0.84% | 2.12% |
Revenue per Share |
17.69 | 14.74 | 14.40 | 11.17 | 6.80 | 6.58 | 6.01 | 5.53 | 5.14 | 4.84 |
Operating CF per Share |
0.01 | 2.36 | 1.96 | 0.77 | 0.78 | 1.65 | 1.25 | 0.70 | 0.74 | 0.81 |
Capex per Share |
(2.51) | (2.62) | (1.35) | (0.96) | (0.70) | (0.87) | (0.47) | (0.47) | (0.53) | (0.33) |
Free Cash Flow per Share |
(2.51) | (0.25) | 0.61 | (0.18) | 0.07 | 0.78 | 0.78 | 0.22 | 0.21 | 0.47 |
Cash per Share |
0.02 | 0.08 | 0.11 | 0.07 | 0.04 | 1.05 | 0.57 | 0.03 | 0.39 | 0.55 |
Shareholders Equity per Share |
10.98 | 10.12 | 9.06 | 7.05 | 5.93 | 4.48 | 3.71 | 3.18 | 3.01 | 2.59 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
10.98 | 10.12 | 9.06 | 7.05 | 5.93 | 4.48 | 3.71 | 3.18 | 3.01 | 2.59 |
Free Cash Flow |
(204.32) | (20.59) | 49.53 | (14.69) | 5.84 | 61.07 | 60.83 | 17.60 | 16.29 | 37.35 |
Working Capital |
538.33 | 313.31 | 282.21 | 203.55 | 131.31 | 161.22 | 131.52 | 93.17 | 103.66 | 101.94 |
Capital Expenditures |
(204.85) | (213.13) | (109.36) | (76.01) | (55.34) | (67.74) | (37.10) | (37.25) | (41.70) | (26.58) |
Net Current Asset Value |
77.66 | 137.56 | 202.74 | 95.93 | 34.07 | 122.11 | 106.27 | 82.11 | 94.17 | 90.35 |
EV/EBIT |
45.22 | 46.48 | 26.49 | 31.83 | 60.63 | 33.39 | 37.83 | 33.08 | 25.75 | 21.62 |
Capex to Sales |
0.14 | 0.18 | 0.09 | 0.09 | 0.10 | 0.13 | 0.08 | 0.09 | 0.10 | 0.07 |
Price to Operating Income |
42.51 | 45.85 | 26.36 | 31.32 | 60.10 | 34.13 | 38.40 | 33.11 | 26.16 | 22.17 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.13 | 0.12 | 0.13 | 0.12 | 0.12 | 0.12 | 0.13 | 0.11 | 0.11 | 0.12 |
Cash ROIC |
(15.78%) | (2.12%) | 6.33% | (2.30%) | 1.15% | 13.90% | 17.85% | 7.00% | 6.09% | 14.96% |
Accounts Receivable Turnover |
5.85 | 8.29 | 8.81 | 8.73 | 8.32 | 8.57 | 7.32 | 7.75 | 8.01 | 7.39 |
Accounts Payable Turnover |
13.62 | 22.28 | 21.08 | 17.47 | 19.13 | 29.64 | 31.28 | 30.62 | 31.17 | 40.04 |
Inventory Turnover |
4.71 | 4.01 | 3.73 | 3.96 | 3.73 | 4.60 | 4.63 | 4.45 | 4.77 | 6.19 |
Average Days of Payables |
38.16 | 20.28 | 13.04 | 25.51 | 26.70 | 12.67 | 12.27 | 11.73 | 14.22 | 9.75 |
Days of Inventory on Hand |
90.24 | 85.14 | 101.29 | 111.50 | 119.86 | 83.66 | 76.78 | 85.74 | 91.76 | 65.00 |
Average Receivables |
246.69 | 144.83 | 132.63 | 101.83 | 64.24 | 60.07 | 64.08 | 55.98 | 50.61 | 51.98 |
Average Payables |
77.54 | 36.06 | 36.50 | 37.27 | 20.73 | 12.10 | 11.19 | 10.79 | 9.03 | 6.64 |
Average Inventory |
224.29 | 200.48 | 206.24 | 164.60 | 106.24 | 77.91 | 75.61 | 74.20 | 59.07 | 42.93 |
Average Assets |
1,430.87 | 1,058.34 | 877.67 | 732.04 | 549.59 | 410.22 | 339.71 | 302.39 | 276.66 | 244.69 |
Average Common Equity |
859.78 | 779.90 | 647.97 | 513.44 | 408.52 | 320.50 | 269.79 | 243.33 | 221.56 | 192.41 |
Columns are period end dates