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) Operating margin

Alert me on Operating margin

AAON, Inc.'s operating margin over the twelve months to 30 June 2026 was 11.1%, up 0.9 percentage points from fiscal 2025 (10.1%). Over the past ten years it has ranged from 10.1% (fiscal 2025) to 20.7% (fiscal 2016) — the current reading is the lowest in ten years. That is above the Building Products & Equipment industry median of 7.18% and above the Industrials sector median of 5.21%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 10.1% (7.28)
FY2024 17.4% (2.05)
FY2023 19.5% 5.21
FY2022 14.3% 1.30
FY2021 13.0% (6.83)
FY2020 19.8% 5.51
FY2019 14.3% 1.52
FY2018 12.8% (5.56)
FY2017 18.3% (2.41)
FY2016 20.7% 0.85

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 11.0% (0.49)
Mar 2026 11.5% 1.12
Dec 2025 10.4% (0.99)
Sep 2025 11.4% 3.78
42 more quarters

Against its own ten years

Low 10.1% High 20.7%
Ten-year median 17.4%
Current reading's percentile 12

Operating margin against peers

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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