AAON, Inc. (AAON) vs Owens Corning Inc (OC)

AAON, Inc. and Owens Corning Inc are both Building Products & Equipment companies. Owens Corning Inc is the larger, with a market value of $9.0B against $6.4B — 1.4× the size. Owens Corning Inc has negative trailing earnings, so its P/E is not meaningful; AAON, Inc. trades at 37.8×. AAON, Inc. grew revenue faster over the last twelve months: 53.5% against −7.23%. AAON, Inc. has the higher net margin (8.24% vs −6.81%) and the higher return on invested capital (9.31% vs 0.36%). Both pay a dividend; Owens Corning Inc yields more (3.41% vs 0.54%). Across the 21 metrics below, AAON, Inc. leads on 13 and Owens Corning Inc on 8.

Valuation

Metric AAON OC Building Products & Equipment median
P/E 37.81 n/m 23.15
P/S 3.14 0.92 2.02
P/B 6.00 2.38 2.81
Price to free cash flow n/m 9.32 16.84
EV/EBITDA 21.67 7.19 12.85
EV/Sales 3.35 1.41 2.04
Earnings yield 2.64% (7.15%) 2.76%
Free cash flow yield (2.14%) 10.73% 4.23%

Profitability

Metric AAON OC Building Products & Equipment median
Gross margin 25.57% 25.98% 29.19%
Operating margin 11.05% 0.51% 6.99%
Net margin 8.24% (6.81%) 4.05%
Free cash flow margin (6.71%) 9.87% 7.60%
Return on equity 17.28% (14.89%) 9.28%
Return on assets 9.76% (4.93%) 2.88%
Return on invested capital 9.31% 0.36% 5.16%

Growth

Metric AAON OC Building Products & Equipment median
Revenue growth (TTM) 53.53% (7.23%) 3.11%
EPS growth (last fiscal year) (36.14%) (184.40%) (34.13%)
Revenue growth, 5-year CAGR 22.89% 7.45% 5.37%
Net income growth, 5-year CAGR 6.37% 0.00% 0.00%

Health

Metric AAON OC Building Products & Equipment median
Debt to equity 0.43 1.34 0.43
Current ratio 3.01 1.16 1.82
Net debt to EBITDA 1.76 2.14 0.98

Dividend

Metric AAON OC Building Products & Equipment median
Dividend yield 0.54% 3.41% 1.43%
Payout ratio 0.21 — 0.29

Size

Metric AAON OC Building Products & Equipment median
Market cap 6.37b 8.99b 1.17b

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