AAON · Aaon, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $371.97M | - | $277.38M | $228.84M | $235.69M | - | $213.09M | $200.47M | $169.86M | - |
| Gross Profit | $124.97M | - | $106.86M | $82.73M | $86.36M | - | $114.16M | $113.09M | $92.24M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $67.91M | - | $63.23M | $59.15M | $51.29M | - | $48.64M | $45.90M | $45.29M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $20.90M | - | $18.42M | $18.27M | $18.94M | - | $11.30M | - | $13.44M | - |
| Operating Income | $57.06M | - | $43.59M | $23.58M | $35.11M | - | $65.52M | $67.20M | $46.97M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $12.27M | - | $7.66M | $4.02M | $3.19M | - | $11.88M | $14.78M | $7.79M | - |
| Net Income | $39.81M | - | $30.78M | $15.49M | $29.29M | - | $52.63M | $52.23M | $39.02M | - |
| EPS - Basic | $0.49 | - | $0.38 | $0.19 | $0.36 | - | $0.65 | $0.64 | $0.48 | - |
| EPS - Diluted | $0.48 | - | $0.37 | $0.19 | $0.35 | - | $0.63 | $0.62 | $0.46 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $13.0K | $13.0K | $1.04M | $14.0K | $994.0K | $14.0K | $15.0K | $13.0K | $8.38M | $287.0K |
| Accounts Receivable | $290.16M | $314.39M | $266.24M | $170.57M | $164.98M | $147.43M | $143.81M | $149.15M | $109.66M | $138.11M |
| Inventory | $313.20M | $261.15M | $250.51M | $234.98M | $198.85M | $187.42M | $177.73M | $182.99M | $196.25M | $213.53M |
| Accounts Payable | $160.14M | $110.44M | $109.74M | $81.64M | $77.16M | $44.65M | $27.20M | $28.96M | $15.44M | $27.48M |
| Current Assets | $943.70M | $869.18M | $759.33M | $654.15M | $571.74M | $488.21M | $427.84M | $423.10M | $392.23M | $408.95M |
| Total Assets | $1.79B | $1.69B | $1.53B | $1.40B | $1.30B | $1.18B | $1.03B | $1.01B | $952.92M | $941.44M |
| Current Liabilities | $359.63M | $330.86M | $250.18M | $210.73M | $206.62M | $174.91M | $139.83M | $141.32M | $125.16M | $126.75M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $934.21M | $894.99M | $863.11M | $832.75M | $815.85M | $824.58M | $796.86M | $740.50M | $784.81M | $735.22M |
| Retained Earnings | $861.97M | $830.30M | $806.43M | $783.81M | $776.51M | $755.31M | $737.13M | $691.00M | $645.29M | $612.84M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $33.99M | - | - | - | ($9.21M) | - | - | - | $92.37M | - |
| Investing Cash Flow | ($51.28M) | - | - | - | ($50.39M) | - | - | - | ($38.71M) | - |
| Financing Cash Flow | $17.15M | - | - | - | $55.47M | - | - | - | ($34.31M) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 23.6% | - | 19.9% | 20.6% | 9.8% | - | 18.4% | 22.1% | 16.6% | - |
| Return on assets | 2.2% | - | 2.0% | 1.1% | 2.3% | - | 5.1% | 5.2% | 4.1% | - |
| Return on equity | 4.3% | - | 3.6% | 1.9% | 3.6% | - | 6.6% | 7.1% | 5.0% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.62 | 2.63 | 3.04 | 3.10 | 2.77 | 2.79 | 3.06 | 2.99 | 3.13 | 3.23 |
| Quick ratio | 1.75 | 1.84 | 2.03 | 1.99 | 1.80 | 1.72 | 1.79 | 1.70 | 1.57 | 1.54 |
| Cash ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.00 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.92 | 1.88 | 1.78 | 1.68 | 1.59 | 1.43 | 1.29 | 1.36 | 1.21 | 1.28 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | 1.19 | - | 1.11 | 0.97 | 1.19 | - | 1.20 | 1.10 | 0.87 | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | 307d | - | 330d | 375d | 308d | - | 304d | 333d | 422d | - |
| Days payable outstanding | 157d | - | 144d | 130d | 119d | - | 47d | 53d | 33d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 172.4x | - | 252.5x | 388.2x | 223.2x | - | 171.2x | 140.7x | 191.5x | - |
| P / B | 7.4x | - | 9.0x | 7.3x | 8.0x | - | 11.2x | 9.9x | 9.4x | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | 88.3x | - | 125.0x | 146.2x | 120.5x | - | 116.7x | - | 122.4x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 44.7% | - | -6.4% | -26.8% | -6.4% | - | -1.7% | 20.3% | 19.6% | - |
| Operating income growth (YoY) | 62.5% | - | -33.5% | -64.9% | -25.2% | - | 1.3% | 22.8% | 6.3% | - |
| Net income growth (YoY) | 35.9% | - | -41.5% | -70.3% | -24.9% | - | 9.5% | 14.3% | 6.0% | - |
| EPS growth (YoY) | 37.1% | - | -41.3% | -69.4% | -23.9% | - | 8.6% | -24.4% | -31.3% | - |
| EPS CAGR (3y) | -10.5% | - | -10.1% | -14.1% | 2.0% | - | 29.5% | 17.7% | 15.3% | - |
| EPS CAGR (5y) | 9.9% | - | -0.5% | -11.0% | -3.1% | - | 19.4% | 19.9% | 17.0% | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 14.5% | 8.5% | 8.3% | 12.5% | 4.0% | 12.2% | 16.8% | 12.2% | 28.8% | 31.1% |
Peer comparison
Same SIC group: Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip
Comparing AAON against the 5 most active filers in the same SIC group.
Dividends
$0.40/share trailing 12 months · +17.6% YoY
| Ex-date | Per share |
|---|---|
| Mar 18, 2026 | $0.1000 |
| Nov 26, 2025 | $0.1000 |
| Sep 5, 2025 | $0.1000 |
| Jun 6, 2025 | $0.1000 |
| Mar 18, 2025 | $0.1000 |
| Nov 29, 2024 | $0.0800 |
| Sep 6, 2024 | $0.0800 |
| Jun 7, 2024 | $0.0800 |
| Mar 15, 2024 | $0.0800 |
| Nov 28, 2023 | $0.0800 |
| Sep 7, 2023 | $0.0800 |
| Jun 8, 2023 | $0.0800 |
| Mar 10, 2023 | $0.0800 |
| Nov 25, 2022 | $0.1600 |
| Jun 2, 2022 | $0.1267 |
| Nov 24, 2021 | $0.1267 |
| Jun 2, 2021 | $0.1267 |
| Nov 25, 2020 | $0.1267 |
| Jun 2, 2020 | $0.1267 |
| Nov 26, 2019 | $0.1067 |
| May 31, 2019 | $0.1067 |
| Nov 28, 2018 | $0.1067 |
| Jun 7, 2018 | $0.1067 |
| Nov 29, 2017 | $0.0867 |