AAON INC (AAON) Fundamental Analysis & Valuation
NASDAQ:AAON • US0003602069
Current stock price
99.59 USD
+0.88 (+0.89%)
At close:
99.59 USD
0 (0%)
After Hours:
This AAON fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. AAON Profitability Analysis
1.1 Basic Checks
- In the past year AAON was profitable.
- AAON had a positive operating cash flow in the past year.
- In the past 5 years AAON has always been profitable.
- AAON had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 6.38%, AAON is in line with its industry, outperforming 58.54% of the companies in the same industry.
- Looking at the Return On Equity, with a value of 12.02%, AAON is in the better half of the industry, outperforming 60.98% of the companies in the same industry.
- AAON has a Return On Invested Capital of 8.91%. This is comparable to the rest of the industry: AAON outperforms 51.22% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for AAON is above the industry average of 11.84%.
- The 3 year average ROIC (16.66%) for AAON is well above the current ROIC(8.91%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.38% | ||
| ROE | 12.02% | ||
| ROIC | 8.91% |
ROA(3y)13.2%
ROA(5y)12.19%
ROE(3y)18.87%
ROE(5y)17.43%
ROIC(3y)16.66%
ROIC(5y)15.16%
1.3 Margins
- AAON has a Profit Margin (7.46%) which is comparable to the rest of the industry.
- In the last couple of years the Profit Margin of AAON has declined.
- With a Operating Margin value of 10.14%, AAON perfoms like the industry average, outperforming 46.34% of the companies in the same industry.
- AAON's Operating Margin has declined in the last couple of years.
- With a Gross Margin value of 26.75%, AAON is not doing good in the industry: 65.85% of the companies in the same industry are doing better.
- In the last couple of years the Gross Margin of AAON has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.14% | ||
| PM (TTM) | 7.46% | ||
| GM | 26.75% |
OM growth 3Y-10.75%
OM growth 5Y-11.35%
PM growth 3Y-12.91%
PM growth 5Y-13.44%
GM growth 3Y0.02%
GM growth 5Y-2.45%
2. AAON Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so AAON is still creating some value.
- AAON has more shares outstanding than it did 1 year ago.
- The number of shares outstanding for AAON has been increased compared to 5 years ago.
- AAON has a worse debt/assets ratio than last year.
2.2 Solvency
- AAON has an Altman-Z score of 8.39. This indicates that AAON is financially healthy and has little risk of bankruptcy at the moment.
- With an excellent Altman-Z score value of 8.39, AAON belongs to the best of the industry, outperforming 97.56% of the companies in the same industry.
- AAON has a Debt/Equity ratio of 0.45. This is a healthy value indicating a solid balance between debt and equity.
- AAON has a better Debt to Equity ratio (0.45) than 60.98% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 8.39 |
ROIC/WACC0.87
WACC10.28%
2.3 Liquidity
- AAON has a Current Ratio of 2.63. This indicates that AAON is financially healthy and has no problem in meeting its short term obligations.
- AAON has a Current ratio of 2.63. This is in the better half of the industry: AAON outperforms 73.17% of its industry peers.
- AAON has a Quick Ratio of 1.84. This is a normal value and indicates that AAON is financially healthy and should not expect problems in meeting its short term obligations.
- The Quick ratio of AAON (1.84) is better than 78.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.63 | ||
| Quick Ratio | 1.84 |
3. AAON Growth Analysis
3.1 Past
- The earnings per share for AAON have decreased strongly by -32.84% in the last year.
- AAON shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.66% yearly.
- AAON shows a strong growth in Revenue. In the last year, the Revenue has grown by 20.11%.
- AAON shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 22.89% yearly.
EPS 1Y (TTM)-32.84%
EPS 3Y3.06%
EPS 5Y7.66%
EPS Q2Q%30%
Revenue 1Y (TTM)20.11%
Revenue growth 3Y17.51%
Revenue growth 5Y22.89%
Sales Q2Q%42.49%
3.2 Future
- AAON is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 35.64% yearly.
- AAON is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 16.38% yearly.
EPS Next Y49.61%
EPS Next 2Y50.93%
EPS Next 3Y27.68%
EPS Next 5Y35.64%
Revenue Next Year23.55%
Revenue Next 2Y18.52%
Revenue Next 3Y15.33%
Revenue Next 5Y16.38%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. AAON Valuation Analysis
4.1 Price/Earnings Ratio
- AAON is valuated quite expensively with a Price/Earnings ratio of 73.77.
- Based on the Price/Earnings ratio, AAON is valued a bit more expensive than 78.05% of the companies in the same industry.
- When comparing the Price/Earnings ratio of AAON to the average of the S&P500 Index (27.42), we can say AAON is valued expensively.
- The Price/Forward Earnings ratio is 49.31, which means the current valuation is very expensive for AAON.
- Based on the Price/Forward Earnings ratio, AAON is valued a bit more expensive than the industry average as 75.61% of the companies are valued more cheaply.
- When comparing the Price/Forward Earnings ratio of AAON to the average of the S&P500 Index (22.29), we can say AAON is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 73.77 | ||
| Fwd PE | 49.31 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, AAON is valued expensively inside the industry as 80.49% of the companies are valued cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 37.99 |
4.3 Compensation for Growth
- The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- A more expensive valuation may be justified as AAON's earnings are expected to grow with 27.68% in the coming years.
PEG (NY)1.49
PEG (5Y)9.63
EPS Next 2Y50.93%
EPS Next 3Y27.68%
5. AAON Dividend Analysis
5.1 Amount
- With a yearly dividend of 0.41%, AAON is not a good candidate for dividend investing.
- AAON's Dividend Yield is comparable with the industry average which is at 0.71.
- With a Dividend Yield of 0.41, AAON pays less dividend than the S&P500 average, which is at 1.81.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.41% |
5.2 History
- The dividend of AAON is nicely growing with an annual growth rate of 9.56%!
- AAON has paid a dividend for at least 10 years, which is a reliable track record.
- AAON has decreased its dividend recently.
Dividend Growth(5Y)9.56%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
- AAON pays out 30.30% of its income as dividend. This is a sustainable payout ratio.
- The dividend of AAON is growing, but earnings are growing more, so the dividend growth is sustainable.
DP30.3%
EPS Next 2Y50.93%
EPS Next 3Y27.68%
AAON Fundamentals: All Metrics, Ratios and Statistics
99.59
+0.88 (+0.89%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)03-02 2026-03-02/bmo
Earnings (Next)05-07 2026-05-07
Inst Owners92.62%
Inst Owner Change-0.6%
Ins Owners0.82%
Ins Owner Change0.81%
Market Cap8.15B
Revenue(TTM)1.44B
Net Income(TTM)107.59M
Analysts86.15
Price Target120.16 (20.65%)
Short Float %10.79%
Short Ratio8.51
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.41% |
Yearly Dividend0.4
Dividend Growth(5Y)9.56%
DP30.3%
Div Incr Years1
Div Non Decr Years1
Ex-Date03-18 2026-03-18 (0.1)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.99%
Min EPS beat(2)-14.75%
Max EPS beat(2)12.77%
EPS beat(4)2
Avg EPS beat(4)4.29%
Min EPS beat(4)-34.77%
Max EPS beat(4)53.89%
EPS beat(8)4
Avg EPS beat(8)-0.96%
EPS beat(12)8
Avg EPS beat(12)5.11%
EPS beat(16)11
Avg EPS beat(16)5.96%
Revenue beat(2)2
Avg Revenue beat(2)11.78%
Min Revenue beat(2)11.69%
Max Revenue beat(2)11.86%
Revenue beat(4)3
Avg Revenue beat(4)6.17%
Min Revenue beat(4)-6%
Max Revenue beat(4)11.86%
Revenue beat(8)5
Avg Revenue beat(8)1.99%
Revenue beat(12)9
Avg Revenue beat(12)2.31%
Revenue beat(16)13
Avg Revenue beat(16)3.2%
PT rev (1m)2.26%
PT rev (3m)2.26%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-35.3%
EPS NY rev (1m)-0.6%
EPS NY rev (3m)-0.6%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.74%
Revenue NY rev (1m)0%
Revenue NY rev (3m)9.98%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 73.77 | ||
| Fwd PE | 49.31 | ||
| P/S | 5.65 | ||
| P/FCF | N/A | ||
| P/OCF | 15263 | ||
| P/B | 9.11 | ||
| P/tB | 11.18 | ||
| EV/EBITDA | 37.99 |
EPS(TTM)1.35
EY1.36%
EPS(NY)2.02
Fwd EY2.03%
FCF(TTM)-2.5
FCFYN/A
OCF(TTM)0.01
OCFY0.01%
SpS17.62
BVpS10.94
TBVpS8.91
PEG (NY)1.49
PEG (5Y)9.63
Graham Number18.2257 (-81.7%)
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.38% | ||
| ROE | 12.02% | ||
| ROCE | 10.79% | ||
| ROIC | 8.91% | ||
| ROICexc | 8.91% | ||
| ROICexgc | 10.15% | ||
| OM | 10.14% | ||
| PM (TTM) | 7.46% | ||
| GM | 26.75% | ||
| FCFM | N/A |
ROA(3y)13.2%
ROA(5y)12.19%
ROE(3y)18.87%
ROE(5y)17.43%
ROIC(3y)16.66%
ROIC(5y)15.16%
ROICexc(3y)16.67%
ROICexc(5y)15.2%
ROICexgc(3y)19.97%
ROICexgc(5y)18.87%
ROCE(3y)20.18%
ROCE(5y)18.36%
ROICexgc growth 3Y-20.61%
ROICexgc growth 5Y-16.87%
ROICexc growth 3Y-17.38%
ROICexc growth 5Y-18.84%
OM growth 3Y-10.75%
OM growth 5Y-11.35%
PM growth 3Y-12.91%
PM growth 5Y-13.44%
GM growth 3Y0.02%
GM growth 5Y-2.45%
F-Score3
Asset Turnover0.86
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 1.81 | ||
| Cap/Depr | 258.73% | ||
| Cap/Sales | 14.21% | ||
| Interest Coverage | 8.81 | ||
| Cash Conversion | 0.24% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.63 | ||
| Quick Ratio | 1.84 | ||
| Altman-Z | 8.39 |
F-Score3
WACC10.28%
ROIC/WACC0.87
Cap/Depr(3y)278.04%
Cap/Depr(5y)234.16%
Cap/Sales(3y)13.78%
Cap/Sales(5y)11.55%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-32.84%
EPS 3Y3.06%
EPS 5Y7.66%
EPS Q2Q%30%
EPS Next Y49.61%
EPS Next 2Y50.93%
EPS Next 3Y27.68%
EPS Next 5Y35.64%
Revenue 1Y (TTM)20.11%
Revenue growth 3Y17.51%
Revenue growth 5Y22.89%
Sales Q2Q%42.49%
Revenue Next Year23.55%
Revenue Next 2Y18.52%
Revenue Next 3Y15.33%
Revenue Next 5Y16.38%
EBIT growth 1Y-30.01%
EBIT growth 3Y4.87%
EBIT growth 5Y8.94%
EBIT Next Year119.83%
EBIT Next 3Y53.49%
EBIT Next 5Y43.55%
FCF growth 1Y-891.11%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-99.72%
OCF growth 3Y-79.42%
OCF growth 5Y-66.62%
AAON INC / AAON Fundamental Analysis FAQ
Can you provide the ChartMill fundamental rating for AAON INC?
ChartMill assigns a fundamental rating of 5 / 10 to AAON.
What is the valuation status of AAON INC (AAON) stock?
ChartMill assigns a valuation rating of 1 / 10 to AAON INC (AAON). This can be considered as Overvalued.
What is the profitability of AAON stock?
AAON INC (AAON) has a profitability rating of 5 / 10.
How financially healthy is AAON INC?
The financial health rating of AAON INC (AAON) is 5 / 10.
What is the earnings growth outlook for AAON INC?
The Earnings per Share (EPS) of AAON INC (AAON) is expected to grow by 49.61% in the next year.