AAON INC (AAON) Fundamental Analysis & Valuation

NASDAQ:AAON • US0003602069

Current stock price

81.48 USD
-1.92 (-2.3%)
At close:
81.48 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.

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.
  • Each year in the past 5 years AAON has been profitable.
  • AAON had a positive operating cash flow in each of the past 5 years.
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

  • The Return On Assets of AAON (6.38%) is better than 61.90% of its industry peers.
  • AAON's Return On Equity of 12.02% is fine compared to the rest of the industry. AAON outperforms 61.90% of its industry peers.
  • AAON has a Return On Invested Capital (8.91%) which is comparable to the rest of the industry.
  • The Average Return On Invested Capital over the past 3 years for AAON is above the industry average of 11.89%.
  • 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 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

  • AAON has a better Profit Margin (7.46%) than 61.90% of its industry peers.
  • AAON's Profit Margin has declined in the last couple of years.
  • AAON's Operating Margin of 10.14% is in line compared to the rest of the industry. AAON outperforms 47.62% of its industry peers.
  • AAON's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 26.75%, AAON is doing worse than 61.90% of the companies in the same industry.
  • In the last couple of years the Gross Margin of AAON has declined.
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

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), AAON is creating some value.
  • The number of shares outstanding for AAON has been increased compared to 1 year ago.
  • AAON has more shares outstanding than it did 5 years ago.
  • AAON has a worse debt/assets ratio than last year.
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 7.37 indicates that AAON is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 7.37, AAON belongs to the best of the industry, outperforming 92.86% 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 61.90% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.45
Debt/FCF N/A
Altman-Z 7.37
ROIC/WACC0.85
WACC10.48%
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

  • 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.
  • Looking at the Current ratio, with a value of 2.63, AAON is in the better half of the industry, outperforming 71.43% 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 better Quick ratio (1.84) than 78.57% 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

  • 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.
  • Looking at the last year, AAON shows a very strong growth in Revenue. 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 36.17% 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 Y50.52%
EPS Next 2Y53.84%
EPS Next 3Y42.38%
EPS Next 5Y36.17%
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.
  • 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 60.36, which means the current valuation is very expensive for AAON.
  • Based on the Price/Earnings ratio, AAON is valued a bit more expensive than the industry average as 76.19% of the companies are valued more cheaply.
  • Compared to an average S&P500 Price/Earnings ratio of 24.88, AAON is valued quite expensively.
  • With a Price/Forward Earnings ratio of 40.10, AAON can be considered very expensive at the moment.
  • Based on the Price/Forward Earnings ratio, AAON is valued a bit more expensive than 73.81% of the companies in the same industry.
  • AAON's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.19.
Industry RankSector Rank
PE 60.36
Fwd PE 40.1
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

  • 78.57% of the companies in the same industry are cheaper than AAON, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 31.99
AAON Per share dataAAON EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

  • The 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 42.38% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.19
PEG (5Y)7.88
EPS Next 2Y53.84%
EPS Next 3Y42.38%

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 0.50%, AAON is not a good candidate for dividend investing.
  • AAON's Dividend Yield is comparable with the industry average which is at 0.77.
  • Compared to an average S&P500 Dividend Yield of 1.90, AAON's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.5%

5.2 History

  • On average, the dividend of AAON grows each year by 9.56%, which is quite nice.
  • AAON has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)9.56%
Div Incr Years0
Div Non Decr Years0
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 2Y53.84%
EPS Next 3Y42.38%
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 (3/27/2026, 8:00:00 PM)

After market: 81.48 0 (0%)

81.48

-1.92 (-2.3%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)03-02
Earnings (Next)04-28
Inst Owners92.23%
Inst Owner Change3.77%
Ins Owners0.74%
Ins Owner Change0.81%
Market Cap6.64B
Revenue(TTM)1.44B
Net Income(TTM)107.59M
Analysts86.15
Price Target117.5 (44.21%)
Short Float %11.69%
Short Ratio8.03
Dividend
Industry RankSector Rank
Dividend Yield 0.5%
Yearly Dividend0.4
Dividend Growth(5Y)9.56%
DP30.3%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-18
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.83%
Min EPS beat(2)-11.12%
Max EPS beat(2)12.77%
EPS beat(4)2
Avg EPS beat(4)5.19%
Min EPS beat(4)-34.77%
Max EPS beat(4)53.89%
EPS beat(8)4
Avg EPS beat(8)-0.51%
EPS beat(12)8
Avg EPS beat(12)5.42%
EPS beat(16)11
Avg EPS beat(16)6.18%
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)0%
PT rev (3m)2.67%
EPS NQ rev (1m)-35.3%
EPS NQ rev (3m)-33.83%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.25%
Revenue NQ rev (1m)4.74%
Revenue NQ rev (3m)4.74%
Revenue NY rev (1m)9.98%
Revenue NY rev (3m)9.98%
Valuation
Industry RankSector Rank
PE 60.36
Fwd PE 40.1
P/S 4.6
P/FCF N/A
P/OCF 12435.61
P/B 7.42
P/tB 9.11
EV/EBITDA 31.99
EPS(TTM)1.35
EY1.66%
EPS(NY)2.03
Fwd EY2.49%
FCF(TTM)-2.51
FCFYN/A
OCF(TTM)0.01
OCFY0.01%
SpS17.69
BVpS10.98
TBVpS8.95
PEG (NY)1.19
PEG (5Y)7.88
Graham Number18.26
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 7.37
F-Score3
WACC10.48%
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 Y50.52%
EPS Next 2Y53.84%
EPS Next 3Y42.38%
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 Year117.82%
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.


Can you provide the profitability details for AAON INC?

AAON INC (AAON) has a profitability rating of 5 / 10.


Can you provide the financial health for AAON stock?

The financial health rating of AAON INC (AAON) is 5 / 10.


How sustainable is the dividend of AAON INC (AAON) stock?

The dividend rating of AAON INC (AAON) is 5 / 10 and the dividend payout ratio is 30.3%.