AAON INC (AAON) Fundamental Analysis & Valuation

NASDAQ:AAON • US0003602069

Current stock price

80.01 USD
-0.04 (-0.05%)
At close:
80.01 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

  • AAON has a better Return On Assets (6.38%) than 61.90% of its industry peers.
  • With a decent Return On Equity value of 12.02%, AAON is doing good in the industry, outperforming 61.90% of the companies in the same industry.
  • AAON has a Return On Invested Capital of 8.91%. This is comparable to the rest of the industry: AAON outperforms 52.38% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for AAON is above the industry average of 11.92%.
  • 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

  • With a decent Profit Margin value of 7.46%, AAON is doing good in the industry, outperforming 61.90% of the companies in the same 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.
  • AAON's Gross Margin of 26.75% is on the low side compared to the rest of the industry. AAON is outperformed by 61.90% of its industry peers.
  • 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

  • AAON has an Altman-Z score of 7.17. This indicates that AAON is financially healthy and has little risk of bankruptcy at the moment.
  • AAON has a Altman-Z score of 7.17. This is amongst the best in the industry. AAON outperforms 92.86% of its industry peers.
  • A Debt/Equity ratio of 0.45 indicates that AAON is not too dependend on debt financing.
  • With a decent Debt to Equity ratio value of 0.45, AAON is doing good in the industry, outperforming 61.90% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.45
Debt/FCF N/A
Altman-Z 7.17
ROIC/WACC0.89
WACC10.06%
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's Current ratio of 2.63 is fine compared to the rest of the industry. AAON outperforms 71.43% of its industry peers.
  • A Quick Ratio of 1.84 indicates that AAON should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.84, AAON is in the better half of the industry, outperforming 78.57% 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

  • 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.
  • The Revenue has grown by 20.11% in the past year. This is a very strong growth!
  • The Revenue has been growing by 22.89% on average over the past years. This is a very strong growth!
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.
  • 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 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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Find the best growth stocksShow best growing peers

1

4. AAON Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 59.27, AAON can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Earnings ratio of AAON indicates a slightly more expensive valuation: AAON is more expensive than 76.19% of the companies listed in the same industry.
  • AAON is valuated expensively when we compare the Price/Earnings ratio to 25.23, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 39.37, the valuation of AAON can be described as expensive.
  • AAON's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. AAON is more expensive than 73.81% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 23.28. AAON is valued rather expensively when compared to this.
Industry RankSector Rank
PE 59.27
Fwd PE 39.37
AAON Price Earnings VS Forward Price EarningsAAON Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

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 30.83
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)1.17
PEG (5Y)7.74
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 0.46%, AAON is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 0.75, 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 1.91.
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

  • 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

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AAON Fundamentals: All Metrics, Ratios and Statistics

AAON INC

NASDAQ:AAON (3/20/2026, 8:00:00 PM)

After market: 80.01 0 (0%)

80.01

-0.04 (-0.05%)

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 Cap6.53B
Revenue(TTM)1.44B
Net Income(TTM)107.59M
Analysts86.15
Price Target117.5 (46.86%)
Short Float %11.69%
Short Ratio8.03
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 59.27
Fwd PE 39.37
P/S 4.53
P/FCF N/A
P/OCF 12230.75
P/B 7.3
P/tB 8.96
EV/EBITDA 30.83
EPS(TTM)1.35
EY1.69%
EPS(NY)2.03
Fwd EY2.54%
FCF(TTM)-2.5
FCFYN/A
OCF(TTM)0.01
OCFY0.01%
SpS17.67
BVpS10.96
TBVpS8.93
PEG (NY)1.17
PEG (5Y)7.74
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 7.17
F-Score3
WACC10.06%
ROIC/WACC0.89
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%.