AAON INC (AAON) Fundamental Analysis & Valuation

NASDAQ:AAON • US0003602069

Current stock price

83.9 USD
-3.16 (-3.63%)
At close:
83.9 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

  • AAON had positive earnings in the past year.
  • AAON had a positive operating cash flow in the past year.
  • Each year in the past 5 years AAON has 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 the better half of the industry, outperforming 61.90% 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 61.90% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 8.91%, AAON is in line with its industry, outperforming 52.38% of the companies in the same industry.
  • AAON had an Average Return On Invested Capital over the past 3 years of 16.66%. This is above the industry average of 11.91%.
  • 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

  • Looking at the Profit Margin, with a value of 7.46%, AAON is in the better half of the industry, outperforming 61.90% of the companies in the same industry.
  • AAON's Profit Margin has declined in the last couple of years.
  • AAON has a Operating Margin of 10.14%. This is comparable 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.
  • 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.
  • The number of shares outstanding for AAON has been increased compared to 1 year ago.
  • The number of shares outstanding for AAON has been increased compared to 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 7.41 indicates that AAON is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of AAON (7.41) is better than 92.86% 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.
  • AAON's Debt to Equity ratio of 0.45 is fine compared to the rest of the industry. AAON outperforms 61.90% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.45
Debt/FCF N/A
Altman-Z 7.41
ROIC/WACC0.9
WACC9.91%
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.
  • AAON has a better Current ratio (2.63) than 71.43% 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 78.57% 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

  • 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%.
  • 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

  • Based on estimates for the next years, AAON will show a very strong growth in Earnings Per Share. The EPS will grow by 36.17% on average per year.
  • The Revenue is expected to grow by 16.38% on average over the next years. This is quite good.
EPS Next Y50.52%
EPS Next 2Y53.84%
EPS Next 3Y42.38%
EPS Next 5Y36.17%
Revenue Next Year12.34%
Revenue Next 2Y13.7%
Revenue Next 3Y16.19%
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.
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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1

4. AAON Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 62.15 indicates a quite expensive valuation of AAON.
  • AAON's Price/Earnings ratio is a bit more expensive when compared to the industry. AAON is more expensive than 76.19% 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 25.70.
  • The Price/Forward Earnings ratio is 41.29, which means the current valuation is very expensive for AAON.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of AAON indicates a slightly more expensive valuation: AAON is more expensive than 73.81% of the companies listed in the same industry.
  • AAON is valuated expensively when we compare the Price/Forward Earnings ratio to 23.84, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 62.15
Fwd PE 41.29
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 a bit more expensive than 78.57% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 32.22
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 42.38% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.23
PEG (5Y)8.11
EPS Next 2Y53.84%
EPS Next 3Y42.38%

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

5

5. AAON Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.46%, AAON is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 0.74, AAON has a dividend in line with its industry peers.
  • With a Dividend Yield of 0.46, AAON pays less dividend than the S&P500 average, which is at 1.89.
Industry RankSector Rank
Dividend Yield 0.46%

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.
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

  • 30.30% of the earnings are spent on dividend by AAON. This is a low number and 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

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AAON Fundamentals: All Metrics, Ratios and Statistics

AAON INC

NASDAQ:AAON (3/13/2026, 8:08:23 PM)

After market: 83.9 0 (0%)

83.9

-3.16 (-3.63%)

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 Change0.91%
Market Cap6.85B
Revenue(TTM)1.44B
Net Income(TTM)107.59M
Analysts86.15
Price Target117.5 (40.05%)
Short Float %13%
Short Ratio8.83
Dividend
Industry RankSector Rank
Dividend Yield 0.46%
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)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 62.15
Fwd PE 41.29
P/S 4.75
P/FCF N/A
P/OCF 12825.39
P/B 7.65
P/tB 9.39
EV/EBITDA 32.22
EPS(TTM)1.35
EY1.61%
EPS(NY)2.03
Fwd EY2.42%
FCF(TTM)-2.5
FCFYN/A
OCF(TTM)0.01
OCFY0.01%
SpS17.67
BVpS10.96
TBVpS8.93
PEG (NY)1.23
PEG (5Y)8.11
Graham Number18.25
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 7.41
F-Score3
WACC9.91%
ROIC/WACC0.9
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 Year12.34%
Revenue Next 2Y13.7%
Revenue Next 3Y16.19%
Revenue Next 5Y16.38%
EBIT growth 1Y-30.01%
EBIT growth 3Y4.87%
EBIT growth 5Y8.94%
EBIT Next Year110.28%
EBIT Next 3Y51.7%
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%.