AAON INC (AAON) Fundamental Analysis & Valuation
NASDAQ:AAON • US0003602069
Current stock price
92.065 USD
-7.53 (-7.56%)
Last:
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
- AAON had positive earnings in the past year.
- In the past year AAON had a positive cash flow from operations.
- In the past 5 years AAON has always been profitable.
- In the past 5 years AAON always reported a positive cash flow from operatings.
1.2 Ratios
- AAON has a Return On Assets (6.38%) which is comparable to the rest of the 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.
- With a Return On Invested Capital value of 8.91%, AAON perfoms like the industry average, outperforming 51.22% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital 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
- 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.
- AAON has a Operating Margin (10.14%) which is comparable to the rest of the 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.
- AAON's Gross Margin has declined in the last couple of years.
| 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
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), AAON is creating some value.
- Compared to 1 year ago, AAON has more shares outstanding
- The number of shares outstanding for AAON has been increased compared to 5 years ago.
- The debt/assets ratio for AAON is higher compared to a year ago.
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.
- The Altman-Z score of AAON (8.39) is better than 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 8.39 |
ROIC/WACC0.85
WACC10.46%
2.3 Liquidity
- A Current Ratio of 2.63 indicates that AAON has no problem at all paying its short term obligations.
- With a decent Current ratio value of 2.63, AAON is doing good in 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.
- With a decent Quick ratio value of 1.84, AAON is doing good in the industry, outperforming 78.05% of the companies in the same industry.
| 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.
- Measured over the past 5 years, AAON shows a small growth in Earnings Per Share. The EPS has been growing by 7.66% on average per year.
- The Revenue has grown by 20.11% in the past year. This is a very strong growth!
- 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
- The Earnings Per Share is expected to grow by 35.64% on average over the next years. This is a very strong growth
- 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
- Based on the Price/Earnings ratio of 68.20, the valuation of AAON can be described as expensive.
- 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.
- AAON's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.42.
- Based on the Price/Forward Earnings ratio of 45.58, the valuation of AAON can be described as expensive.
- Based on the Price/Forward Earnings ratio, AAON is valued a bit more expensive than 75.61% of the companies in the same industry.
- AAON is valuated expensively when we compare the Price/Forward Earnings ratio to 22.29, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 68.2 | ||
| Fwd PE | 45.58 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, AAON is valued more expensive than 80.49% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 37.99 |
4.3 Compensation for Growth
- AAON's 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)1.37
PEG (5Y)8.9
EPS Next 2Y50.93%
EPS Next 3Y27.68%
5. AAON Dividend Analysis
5.1 Amount
- AAON has a yearly dividend return of 0.41%, which is pretty low.
- 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
- On average, the dividend of AAON grows each year by 9.56%, which is quite nice.
- AAON has been paying a dividend for at least 10 years, so it has 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.
- 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 Fundamentals: All Metrics, Ratios and Statistics
NASDAQ:AAON (4/27/2026, 3:50:01 PM)
92.065
-7.53 (-7.56%)
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 Cap7.53B
Revenue(TTM)1.44B
Net Income(TTM)107.59M
Analysts86.15
Price Target120.16 (30.52%)
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 | 68.2 | ||
| Fwd PE | 45.58 | ||
| P/S | 5.22 | ||
| P/FCF | N/A | ||
| P/OCF | 14109.73 | ||
| P/B | 8.42 | ||
| P/tB | 10.33 | ||
| EV/EBITDA | 37.99 |
EPS(TTM)1.35
EY1.47%
EPS(NY)2.02
Fwd EY2.19%
FCF(TTM)-2.5
FCFYN/A
OCF(TTM)0.01
OCFY0.01%
SpS17.62
BVpS10.94
TBVpS8.91
PEG (NY)1.37
PEG (5Y)8.9
Graham Number18.2257 (-80.2%)
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
WACC10.46%
ROIC/WACC0.85
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.