AAON INC (AAON) Fundamental Analysis & Valuation

NASDAQ:AAON • US0003602069

Current stock price

88.08 USD
-3.56 (-3.88%)
At close:
88.08 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.
  • AAON had a positive operating cash flow in the past year.
  • AAON had positive earnings in each of the past 5 years.
  • 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's Return On Assets of 6.38% is in line compared to the rest of the industry. AAON outperforms 58.54% of its industry peers.
  • With a decent Return On Equity value of 12.02%, AAON is doing good in the industry, outperforming 60.98% of the companies in the same industry.
  • AAON's Return On Invested Capital of 8.91% is in line compared to the rest of the industry. AAON outperforms 51.22% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for AAON is above the industry average of 11.86%.
  • 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 Profit Margin (7.46%) which is comparable to the rest of the industry.
  • AAON's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 10.14%, AAON is in line with its industry, outperforming 46.34% of the companies in the same industry.
  • In the last couple of years the Operating Margin of AAON has declined.
  • AAON has a Gross Margin of 26.75%. This is in the lower half of the industry: AAON underperforms 65.85% of its industry peers.
  • 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.
  • AAON has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, AAON has more shares outstanding
  • 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 7.90. This indicates that AAON is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of AAON (7.90) is better than 92.68% 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 has a Debt to Equity ratio of 0.45. This is in the better half of the industry: AAON outperforms 60.98% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.45
Debt/FCF N/A
Altman-Z 7.9
ROIC/WACC0.85
WACC10.5%
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 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.
  • AAON has a better Quick ratio (1.84) than 78.05% 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.
  • 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

  • AAON is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 35.64% yearly.
  • The Revenue is expected to grow by 16.38% on average over the next years. This is quite good.
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

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • 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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1

4. AAON Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 65.24, the valuation of AAON can be described as expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of AAON indicates a slightly more expensive valuation: AAON is more expensive than 78.05% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of AAON to the average of the S&P500 Index (26.91), we can say AAON is valued expensively.
  • AAON is valuated quite expensively with a Price/Forward Earnings ratio of 43.61.
  • Based on the Price/Forward Earnings ratio, AAON is valued a bit more expensive than the industry average as 75.61% of the companies are valued more cheaply.
  • AAON's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 21.99.
Industry RankSector Rank
PE 65.24
Fwd PE 43.61
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AAON indicates a rather expensive valuation: AAON more expensive than 80.49% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 35.11
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 27.68% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.32
PEG (5Y)8.52
EPS Next 2Y50.93%
EPS Next 3Y27.68%

More info and screens

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 1.82.
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.
  • The dividend of AAON decreased 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

  • 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 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 (4/28/2026, 8:11:30 PM)

After market: 88.08 0 (0%)

88.08

-3.56 (-3.88%)

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 Cap7.21B
Revenue(TTM)1.44B
Net Income(TTM)107.59M
Analysts86.15
Price Target120.16 (36.42%)
Short Float %10.52%
Short Ratio8.29
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 65.24
Fwd PE 43.61
P/S 5
P/FCF N/A
P/OCF 13499
P/B 8.05
P/tB 9.89
EV/EBITDA 35.11
EPS(TTM)1.35
EY1.53%
EPS(NY)2.02
Fwd EY2.29%
FCF(TTM)-2.5
FCFYN/A
OCF(TTM)0.01
OCFY0.01%
SpS17.62
BVpS10.94
TBVpS8.91
PEG (NY)1.32
PEG (5Y)8.52
Graham Number18.2257 (-79.31%)
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 7.9
F-Score3
WACC10.5%
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.