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

56.58 2.16 +3.97%
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) Return on invested capital

Alert me on Return on invested capital

AAON, Inc.'s return on invested capital over the twelve months to 30 June 2026 was 9.31%, up 2.2 percentage points from fiscal 2025 (7.07%). Over the past ten years it has ranged from 7.07% (fiscal 2025) to 30.7% (fiscal 2016) — the current reading is the lowest in ten years. That is above the Building Products & Equipment industry median of 5.54% and above the Industrials sector median of 1.86%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 7.07% (6.59)
FY2024 13.7% (4.94)
FY2023 18.6% 5.94
FY2022 12.7% 4.05
FY2021 8.61% (14.54)
FY2020 23.2% 6.54
FY2019 16.6% 2.63
FY2018 14.0% (8.45)
FY2017 22.4% (8.25)
FY2016 30.7% 0.67

Against its own ten years

Low 7.07% High 30.7%
Ten-year median 16.6%
Current reading's percentile 9

Return on invested capital against peers

Company Return on invested capital
GFF Griffon Corporation compare 22.1%
AWI Armstrong World Industries, Inc. compare 21.4%
TREX Trex Company, Inc. compare 13.1%
AAON AAON, Inc. 9.31%
SPXC SPX Technologies, Inc. compare 7.14%
FBIN Fortune Brands Innovations, Inc. compare 3.35%
LPX Louisiana-Pacific Corporation compare 2.88%
BLDR Builders FirstSource, Inc. compare 2.21%
OC Owens Corning Inc compare 1.80%
Building Products & Equipment industry median 5.54%
Industrials sector median 1.86%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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