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.

Revenue
+101.2%
EPS
+263.2%
Free cash flow
+53.0%
Total debt
+37.1%

Quarter to June 2026, against a year earlier

54.06 4.19 −7.19%
Market cap
$4.5B
P/E
27.7×
Fwd P/E
28.0×
Dividend yield
0.74%
F-score
2/9
Altman Z
6.93
Beneish M
−1.39
Dividend safety
49/100

AAON, Inc. (AAON) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, AAON, Inc. (AAON) trades at a EV/EBITDA of 16.3×. Over the past ten years it has ranged from 12.3× (January 2016) to 50.2× (June 2026); the current reading is higher than 14% of that period. That is above the Building Products & Equipment industry median of 13.3× and above the Industrials sector median of 12.4×.

EV/EBITDA, daily

Embed this chart

Annual newest first

Period EV/EBITDA Change
FY2025 29.3× (18.05%)
FY2024 35.7× 62.57%
FY2023 22.0× (11.69%)
FY2022 24.9× (40.93%)
FY2021 42.1× 57.92%
FY2020 26.7× (5.57%)
FY2019 28.2× 12.62%
FY2018 25.1× 17.10%
FY2017 21.4× 15.55%
FY2016 18.5× 26.07%

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 36.3× 26.10%
Mar 2026 28.8× (1.69%)
Dec 2025 29.3× (23.49%)
Sep 2025 38.2× 37.77%
42 more quarters

Against its own ten years

Low 12.3× High 50.2×
Ten-year median 25.7×
Current reading's percentile 14

EV/EBITDA against peers

Company EV/EBITDA
OC Owens Corning Inc compare 7.4×
GFF Griffon Corporation compare 10.9×
BLDR Builders FirstSource, Inc. compare 12.8×
AWI Armstrong World Industries, Inc. compare 13.3×
SPXC SPX Technologies, Inc. compare 14.3×
AAON AAON, Inc. 16.3×
FBIN Fortune Brands Innovations, Inc. compare 17.2×
TREX Trex Company, Inc. compare 18.3×
LPX Louisiana-Pacific Corporation compare 26.5×
Building Products & Equipment industry median 13.3×
Industrials sector median 12.4×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

More on AAON