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.

5

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.
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

  • 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 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.
  • 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 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.
  • 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.
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

  • 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 RankSector Rank
Debt/Equity 0.45
Debt/FCF N/A
Altman-Z 8.39
ROIC/WACC0.85
WACC10.46%
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.
  • 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 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.
  • 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.
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

  • 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 RankSector Rank
PE 68.2
Fwd PE 45.58
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 more expensive than 80.49% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 37.99
AAON Per share dataAAON EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

  • 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%

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

5

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 RankSector 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
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

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AAON Fundamentals: All Metrics, Ratios and Statistics

AAON INC

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
Earnings (Next)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 RankSector 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
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 RankSector 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 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 8.39
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.