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) Gross margin

Alert me on Gross margin

AAON, Inc.'s gross margin over the twelve months to 30 June 2026 was 25.6%, down 1.2 percentage points from fiscal 2025 (26.8%). Over the past ten years it has ranged from 23.9% (fiscal 2018) to 34.2% (fiscal 2023); the current reading is higher than 45% of that period. That is below the Building Products & Equipment industry median of 31.9% and below the Industrials sector median of 30.6%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 26.8% (6.32)
FY2024 33.1% (1.08)
FY2023 34.2% 7.42
FY2022 26.7% 0.94
FY2021 25.8% (4.50)
FY2020 30.3% 4.84
FY2019 25.5% 1.59
FY2018 23.9% (6.65)
FY2017 30.5% (0.24)
FY2016 30.8% 0.45

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 24.3% (0.83)
Mar 2026 25.2% (0.73)
Dec 2025 25.9% (1.93)
Sep 2025 27.8% 1.26
42 more quarters

Against its own ten years

Low 23.9% High 34.2%
Ten-year median 30.3%
Current reading's percentile 24

Gross margin against peers

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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