AAON INC (AAON) Fundamental Analysis & Valuation

NASDAQ:AAON • US0003602069

Current stock price

99.67 USD
+0.96 (+0.97%)
Last:

This AAON fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. AAON Profitability Analysis

1.1 Basic Checks

  • In the past year AAON was profitable.
  • In the past year AAON had a positive cash flow from operations.
  • In the past 5 years AAON has always been profitable.
  • Each year in the past 5 years AAON had a positive operating cash flow.
AAON Yearly Net Income VS EBIT VS OCF VS FCFAAON Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M -200M

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.
  • AAON has a Return On Equity of 12.02%. This is in the better half of the industry: AAON outperforms 60.98% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 8.91%, AAON is in line with its industry, outperforming 51.22% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for AAON is above the industry average of 11.89%.
  • The last Return On Invested Capital (8.91%) for AAON is well below the 3 year average (16.66%), which needs to be investigated, but indicates that AAON had better years and this may not be a problem.
Industry RankSector 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%
AAON Yearly ROA, ROE, ROICAAON Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

1.3 Margins

  • The Profit Margin of AAON (7.46%) is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of AAON has declined.
  • The Operating Margin of AAON (10.14%) is comparable to the rest of the industry.
  • AAON's Operating Margin has declined in the last couple of years.
  • AAON has a Gross Margin of 26.75%. This is in the lower half of the industry: AAON underperforms 65.85% of its industry peers.
  • AAON's Gross Margin has declined in the last couple of years.
Industry RankSector 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%
AAON Yearly Profit, Operating, Gross MarginsAAON Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

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.
  • Compared to 1 year ago, AAON has more shares outstanding
  • AAON has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, AAON has a worse debt to assets ratio.
AAON Yearly Shares OutstandingAAON Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
AAON Yearly Total Debt VS Total AssetsAAON Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

2.2 Solvency

  • An Altman-Z score of 8.34 indicates that AAON is not in any danger for bankruptcy at the moment.
  • AAON's Altman-Z score of 8.34 is amongst the best of the industry. AAON outperforms 97.56% of its industry peers.
  • AAON has a Debt/Equity ratio of 0.45. This is a healthy value indicating a solid balance between debt and equity.
  • With a decent Debt to Equity ratio value of 0.45, AAON is doing good in the industry, outperforming 60.98% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.45
Debt/FCF N/A
Altman-Z 8.34
ROIC/WACC0.87
WACC10.24%
AAON Yearly LT Debt VS Equity VS FCFAAON Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M 600M 800M

2.3 Liquidity

  • A Current Ratio of 2.63 indicates that AAON has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 2.63, AAON is in the better half of the industry, outperforming 73.17% of the companies in the same industry.
  • A Quick Ratio of 1.84 indicates that AAON should not have too much problems paying its short term obligations.
  • AAON has a Quick ratio of 1.84. This is in the better half of the industry: AAON outperforms 78.05% of its industry peers.
Industry RankSector Rank
Current Ratio 2.63
Quick Ratio 1.84
AAON Yearly Current Assets VS Current LiabilitesAAON Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. AAON Growth Analysis

3.1 Past

  • AAON shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -32.84%.
  • The Earnings Per Share has been growing slightly by 7.66% on average over the past years.
  • Looking at the last year, AAON shows a very strong growth in Revenue. The Revenue has grown by 20.11%.
  • Measured over the past years, AAON shows a very strong growth in Revenue. The Revenue has been growing by 22.89% on average per year.
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

  • The Earnings Per Share is expected to grow by 36.17% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, AAON will show a quite strong growth in Revenue. The Revenue will grow by 16.38% on average per year.
EPS Next Y49.61%
EPS Next 2Y50.93%
EPS Next 3Y27.68%
EPS Next 5Y36.17%
Revenue Next Year23.55%
Revenue Next 2Y18.52%
Revenue Next 3Y15.33%
Revenue Next 5Y16.38%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
AAON Yearly Revenue VS EstimatesAAON Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 500M 1B 1.5B 2B 2.5B
AAON Yearly EPS VS EstimatesAAON Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3 4

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Find the best growth stocksShow best growing peers

1

4. AAON Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 73.83, which means the current valuation is very expensive for AAON.
  • AAON's Price/Earnings ratio is a bit more expensive when compared to the industry. AAON is more expensive than 78.05% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.47. AAON is valued rather expensively when compared to this.
  • AAON is valuated quite expensively with a Price/Forward Earnings ratio of 49.35.
  • AAON's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. AAON is more expensive than 75.61% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 22.62. AAON is valued rather expensively when compared to this.
Industry RankSector Rank
PE 73.83
Fwd PE 49.35
AAON Price Earnings VS Forward Price EarningsAAON Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

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 RankSector Rank
P/FCF N/A
EV/EBITDA 37.67
AAON Per share dataAAON EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

  • AAON's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • AAON's earnings are expected to grow with 27.68% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.49
PEG (5Y)9.64
EPS Next 2Y50.93%
EPS Next 3Y27.68%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. AAON Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.44%, AAON is not a good candidate for dividend investing.
  • AAON's Dividend Yield is comparable with the industry average which is at 0.75.
  • Compared to an average S&P500 Dividend Yield of 1.81, AAON's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.44%

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.
  • The dividend of AAON decreased recently.
Dividend Growth(5Y)9.56%
Div Incr Years1
Div Non Decr Years1
AAON Yearly Dividends per shareAAON Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 0 0 0 0

5.3 Sustainability

  • AAON pays out 30.30% of its income as dividend. This is a sustainable payout ratio.
  • AAON's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP30.3%
EPS Next 2Y50.93%
EPS Next 3Y27.68%
AAON Yearly Income VS Free CF VS DividendAAON Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M -200M
AAON Dividend Payout.AAON Dividend Payout, showing the Payout Ratio.AAON Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

AAON Fundamentals: All Metrics, Ratios and Statistics

AAON INC

NASDAQ:AAON (4/24/2026, 3:58:51 PM)

99.67

+0.96 (+0.97%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)03-02
Earnings (Next)04-30
Inst Owners92.62%
Inst Owner Change-0.28%
Ins Owners0.82%
Ins Owner Change0.81%
Market Cap8.16B
Revenue(TTM)1.44B
Net Income(TTM)107.59M
Analysts86.15
Price Target120.16 (20.56%)
Short Float %10.79%
Short Ratio8.51
Dividend
Industry RankSector Rank
Dividend Yield 0.44%
Yearly Dividend0.4
Dividend Growth(5Y)9.56%
DP30.3%
Div Incr Years1
Div Non Decr Years1
Ex-Date03-18
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)-33.83%
EPS NY rev (1m)-0.6%
EPS NY rev (3m)-0.85%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.74%
Revenue NY rev (1m)0%
Revenue NY rev (3m)9.98%
Valuation
Industry RankSector Rank
PE 73.83
Fwd PE 49.35
P/S 5.66
P/FCF N/A
P/OCF 15275.26
P/B 9.11
P/tB 11.19
EV/EBITDA 37.67
EPS(TTM)1.35
EY1.35%
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)9.64
Graham Number18.2257 (-81.71%)
Profitability
Industry RankSector 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 RankSector 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 8.34
F-Score3
WACC10.24%
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 5Y36.17%
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 5YN/A
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 4 / 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.