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
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AAON, Inc. (AAON) P/B ratio
As of 5 November 2026, AAON, Inc. (AAON) trades at a P/B ratio of 4.4×. Over the past ten years it has ranged from 4.4× (November 2026) to 14.3× (November 2024) — the current reading is the lowest in ten years. That is above the Building Products & Equipment industry median of 2.9× and above the Industrials sector median of 2.2×.
P/B ratio, daily
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Annual newest first
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 6.9× | (40.26%) |
| FY2024 | 11.6× | 42.54% |
| FY2023 | 8.2× | 15.20% |
| FY2022 | 7.1× | (20.69%) |
| FY2021 | 8.9× | (9.88%) |
| FY2020 | 9.9× | 11.70% |
| FY2019 | 8.9× | 20.70% |
| FY2018 | 7.3× | (10.25%) |
| FY2017 | 8.2× | (4.48%) |
| FY2016 | 8.6× | 22.20% |
Quarterly newest first
| Period | P/B ratio | Change |
|---|---|---|
| Jun 2026 | 10.3× | 42.49% |
| Mar 2026 | 7.2× | 4.26% |
| Dec 2025 | 6.9× | (21.32%) |
| Sep 2025 | 8.8× | 22.39% |
| 42 more quarters | Free account |
Against its own ten years
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| BLDR Builders FirstSource, Inc. compare | 1.7× |
| FBIN Fortune Brands Innovations, Inc. compare | 2.4× |
| SPXC SPX Technologies, Inc. compare | 2.9× |
| OC Owens Corning Inc compare | 3.0× |
| LPX Louisiana-Pacific Corporation compare | 3.1× |
| AAON AAON, Inc. | 4.4× |
| TREX Trex Company, Inc. compare | 5.7× |
| AWI Armstrong World Industries, Inc. compare | 8.1× |
| GFF Griffon Corporation compare | 35.0× |
| Building Products & Equipment industry median | 2.9× |
| Industrials sector median | 2.2× |
| Market median | 1.7× |
What P/B ratio is
Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.
Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))
More on AAON
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement