AAON INC (AAON) Fundamental Analysis & Valuation

NASDAQ:AAON • US0003602069

Current stock price

87.83 USD
+3.82 (+4.55%)
At close:
87.83 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.
  • 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 of 6.38%. This is in the better half of the industry: AAON outperforms 61.90% of its industry peers.
  • The Return On Equity of AAON (12.02%) is better than 61.90% of its industry peers.
  • 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 11.89%.
  • 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

  • The Profit Margin of AAON (7.46%) is better than 61.90% of its industry peers.
  • In the last couple of years the Profit Margin of AAON has declined.
  • The Operating Margin of AAON (10.14%) is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of AAON has declined.
  • With a Gross Margin value of 26.75%, AAON is not doing good in the industry: 61.90% 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

More info and screens

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.
  • 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 7.64 indicates that AAON is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 7.64, AAON belongs to the top of the industry, outperforming 92.86% of the companies in the same industry.
  • A Debt/Equity ratio of 0.45 indicates that AAON is not too dependend on debt financing.
  • AAON has a Debt to Equity ratio of 0.45. This is in the better half of the industry: AAON outperforms 61.90% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.45
Debt/FCF N/A
Altman-Z 7.64
ROIC/WACC0.86
WACC10.39%
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.
  • 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.
  • 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

More info and screens

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%.
  • Measured over the past years, AAON shows a very strong growth in Revenue. The Revenue has been growing by 22.89% on average per year.
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.
  • Based on estimates for the next years, AAON will show a quite strong growth in Revenue. The Revenue will grow by 16.38% on average per year.
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

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

More info and screens

Find the best growth stocksShow best growing peers

1

4. AAON Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 65.06, AAON can be considered very expensive at the moment.
  • 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.
  • Compared to an average S&P500 Price/Earnings ratio of 25.61, AAON is valued quite expensively.
  • With a Price/Forward Earnings ratio of 43.22, AAON can be considered very expensive at the moment.
  • 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.
  • The average S&P500 Price/Forward Earnings ratio is at 22.79. AAON is valued rather expensively when compared to this.
Industry RankSector Rank
PE 65.06
Fwd PE 43.22
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 slightly more expensive valuation: AAON is more expensive than 78.57% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 33.59
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.
  • A more expensive valuation may be justified as AAON's earnings are expected to grow with 42.38% in the coming years.
PEG (NY)1.29
PEG (5Y)8.49
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

  • AAON has a yearly dividend return of 0.50%, which is pretty low.
  • AAON's Dividend Yield is comparable with the industry average which is at 0.77.
  • Compared to an average S&P500 Dividend Yield of 1.89, 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

  • 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

More info and screens

Find the best dividend stocksShow peers with best dividend

AAON Fundamentals: All Metrics, Ratios and Statistics

AAON INC

NASDAQ:AAON (3/25/2026, 8:09:09 PM)

After market: 87.83 0 (0%)

87.83

+3.82 (+4.55%)

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 Cap7.16B
Revenue(TTM)1.44B
Net Income(TTM)107.59M
Analysts86.15
Price Target117.5 (33.78%)
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 65.06
Fwd PE 43.22
P/S 4.96
P/FCF N/A
P/OCF 13404.76
P/B 8
P/tB 9.82
EV/EBITDA 33.59
EPS(TTM)1.35
EY1.54%
EPS(NY)2.03
Fwd EY2.31%
FCF(TTM)-2.51
FCFYN/A
OCF(TTM)0.01
OCFY0.01%
SpS17.69
BVpS10.98
TBVpS8.95
PEG (NY)1.29
PEG (5Y)8.49
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 7.64
F-Score3
WACC10.39%
ROIC/WACC0.86
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%.