AAON, INC.
AAON, INC.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 8 | 0 | 0 | 5 | |||||
Restricted Cash | 1 | 1 | 1 | 1 | 1 | 7 | 7 | 12 | 20 | 9 | 22 | 22 | |||||
Accounts Receivable Net Current | 290 | 314 | 266 | 171 | 165 | 147 | 144 | 149 | 110 | 138 | 160 | 154 | |||||
Income Taxes Receivable | 20 | 27 | 26 | 7 | 7 | 4 | 1 | 5 | - | 0 | - | 3 | |||||
Inventory Net | 313 | 261 | 251 | 235 | 199 | 187 | 178 | 183 | 196 | 214 | 215 | 215 | |||||
Contract With Customer Asset Net Current | 298 | 247 | 207 | 233 | 189 | 135 | 95 | 68 | 51 | 45 | 25 | 20 | |||||
Prepaid Expense And Other Assets Current | 21 | 18 | 8 | 7 | 9 | 7 | 3 | 6 | 7 | 3 | 3 | 4 | |||||
Assets Current | 944 | 869 | 759 | 654 | 572 | 488 | 428 | 423 | 392 | 409 | 425 | 424 | |||||
Property Plant And Equipm… | |||||||||||||||||
Land | - | - | - | - | - | - | - | 16 | 16 | 15 | 15 | 15 | |||||
Buildings And Improvements Gross | - | - | - | - | - | - | - | 240 | 224 | 206 | 194 | 187 | |||||
Machinery And Equipment Gross | - | - | - | - | - | - | - | 404 | 402 | 391 | 381 | 370 | |||||
Furniture And Fixtures Gross | - | - | - | - | - | - | - | 41 | 43 | 41 | 41 | 38 | |||||
Property Plant And Equipment Gross | - | - | - | - | - | - | - | 701 | 685 | 653 | 632 | 611 | |||||
Property Plant And Equipment Net | 655 | 631 | 592 | 559 | 552 | 510 | 428 | 413 | 391 | 370 | 357 | 347 | |||||
Intangible Assets Net Including Goodwill | 172 | 166 | 164 | 162 | 161 | 160 | 159 | - | - | 150 | - | - | |||||
Operating Lease Right Of Use Asset | 17 | 18 | 17 | 18 | 15 | 15 | 16 | 16 | - | 12 | - | - | |||||
Other Assets Noncurrent | 2 | 2 | 2 | 2 | 1 | 0 | 1 | 1 | 1 | 1 | 6 | 6 | |||||
Deferred Income Tax Assets Net | - | 0 | 0 | 3 | 0 | 1 | - | - | - | 0 | - | - | |||||
Assets | 1,790 | 1,687 | 1,534 | 1,399 | 1,300 | 1,175 | 1,031 | 1,011 | 953 | 941 | 945 | 930 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Accumulated Depreciation Depletion And Amortizatio… | - | - | - | - | - | - | - | 288 | 294 | 283 | 275 | 264 | |||||
Liabilities | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Intangible Assets Net Excluding Goodwill | - | - | - | - | - | - | - | 76 | 71 | 68 | 62 | 63 | |||||
Goodwill | - | - | - | - | - | - | - | 82 | 82 | 82 | 82 | 82 | |||||
Debt Current | - | 0 | 0 | 0 | 16 | 16 | - | - | - | 0 | - | - | |||||
Accounts Payable Current | 160 | 110 | 110 | 82 | 77 | 45 | 27 | 29 | 15 | 27 | 30 | 32 | |||||
Accrued Liabilities Current | 137 | 132 | 120 | 95 | 97 | 99 | 96 | 85 | 93 | 86 | 91 | 101 | |||||
Contract With Customer Liability Current | 55 | 81 | 20 | 34 | 16 | 15 | 16 | 27 | 17 | 14 | 20 | 20 | |||||
Liabilities Current | 360 | 331 | 250 | 211 | 207 | 175 | 140 | 141 | 125 | 127 | 140 | 154 | |||||
Long Term Line Of Credit | - | - | 360 | 317 | 236 | - | 56 | 86 | 0 | - | 78 | 79 | |||||
Line Of Credit | 425 | 398 | - | - | - | 139 | - | - | - | 38 | - | - | |||||
Deferred Income Tax Liabilities Net | 35 | 30 | 22 | - | 5 | 0 | 2 | 6 | 5 | 12 | 15 | 14 | |||||
Other Liabilities Noncurrent | 27 | 23 | - | - | - | 21 | - | - | - | 17 | - | - | |||||
Other Accrued Liabilities Noncurrent | 27 | - | 22 | 22 | 20 | - | 21 | 21 | 22 | - | 16 | 11 | |||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital | 72 | 64 | 56 | 49 | 39 | 69 | 59 | 49 | 139 | 122 | 110 | 129 | |||||
Retained Earnings Accumulated Deficit | 862 | 830 | 806 | 784 | 777 | 755 | 737 | 691 | 645 | 613 | 572 | 531 | |||||
Stockholders Equity | 934 | 895 | 863 | 833 | 816 | 825 | 797 | 740 | 785 | 735 | 682 | 660 | |||||
Liabilities And Stockholders Equity | 1,790 | 1,687 | 1,534 | 1,399 | 1,300 | 1,175 | 1,031 | 1,011 | 953 | 941 | 945 | 930 | |||||
Allowance For Doubtful Accounts Receivable Current | 1 | - | 1 | 1 | 1 | - | 1 | 1 | 0 | - | 0 | 0 | |||||
Preferred Stock Par Or Stated Value Per Share | 0.001 | - | 0.001 | 0.001 | 0.001 | - | 0.001 | 0.001 | 0.001 | - | 0.001 | 0.001 | |||||
Preferred Stock Shares Authorized | 15 | - | 15 | 15 | 15 | - | 15 | 15 | 15 | - | 15 | 15 | |||||
Preferred Stock Shares Issued | - | - | 0 | 0 | 0 | - | 0 | 0 | 0 | - | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 0.004 | - | 0.004 | 0.004 | 0.004 | - | 0.004 | 0.004 | 0.004 | - | 0.004 | 0.004 | |||||
Common Stock Shares Authorized | 200 | - | 200 | 200 | 200 | - | 200 | 200 | 200 | - | 200 | 200 | |||||
Common Stock Shares Issued | 82 | - | 82 | 82 | 81 | - | 81 | 81 | 82 | - | 81 | 54 | |||||
Shares Outstanding | 82 | - | 82 | 82 | 81 | - | 81 | 81 | 82 | - | 81 | 54 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.47% | -1.84% | -20.51% | - | - | - | - | - | - | - | - | - |
| 2025 | 2.74% | -25.19% | -18.34% | 12.72% | 36.57% | 36.67% | -6.45% | -24.17% | -5.47% | -22.10% | -4.79% | 28.68% |
| 2024 | -13.90% | -12.68% | -4.24% | 8.79% | 19.83% | 25.92% | 14.54% | 2.01% | 11.49% | 1.41% | 4.98% | 36.06% |
| 2023 | - | - | - | -12.56% | -17.86% | -23.31% | 8.53% | 28.21% | 21.39% | -0.42% | -1.62% | -13.75% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 2.62 | 2.63 | 3.04 | 3.10 | 2.77 | 2.79 | 3.06 | 2.99 | 3.13 | 3.23 | 3.03 | 2.76 | |||||
| Quick Ratio | 1.69 | 1.78 | 2.00 | 1.96 | 1.76 | 1.68 | 1.76 | 1.66 | 1.51 | 1.52 | 1.48 | 1.33 | |||||
| Working Capital | 584.07M | 538.33M | 509.15M | 443.43M | 365.13M | 313.31M | 288.00M | 281.78M | 267.06M | 282.21M | 284.81M | 270.54M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.38 | 0.37 | 0.29 | 0.25 | 0.25 | 0.21 | 0.18 | 0.19 | 0.16 | 0.17 | 0.21 | 0.23 | |||||
| Interest Coverage TTM | 11.83 | 12.22 | 11.01 | 19.44 | 46.30 | 123.23 | 94.37 | 88.07 | 58.56 | 46.97 | 42.97 | 39.79 | |||||
| Debt Ratio | 0.20 | 0.20 | 0.16 | 0.15 | 0.16 | 0.15 | 0.14 | 0.14 | 0.13 | 0.13 | 0.15 | 0.17 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 1.05 | 1.01 | 1.03 | 1.04 | 1.12 | 1.13 | 1.22 | 1.23 | 1.28 | 1.33 | 1.29 | 1.23 | |||||
| Days Sales Outstanding TTM | 51.37 | 58.45 | 56.88 | 46.36 | 39.76 | 43.40 | 45.86 | 46.34 | 42.40 | 41.43 | 48.09 | 48.53 | |||||
| Receivables Turnover TTM | 7.11 | 6.25 | 6.42 | 7.87 | 9.18 | 8.41 | 7.96 | 7.88 | 8.61 | 8.81 | 7.59 | 7.52 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 1.42 | 1.29 | 1.21 | 1.47 | 1.91 | 2.02 | 2.30 | 2.22 | 2.14 | 2.13 | 2.03 | 1.78 | |||||
| Free Cash Flow Per Share TTM | 0.31 | -0.17 | -0.39 | 0.23 | 0.91 | 2.15 | 2.76 | 2.31 | 2.24 | 0.87 | 0.36 | 0.43 | |||||
| Dividend Per Share TTM | 1.20 | 1.20 | 1.06 | 1.04 | 0.82 | 0.80 | 0.81 | 0.81 | 0.81 | 0.82 | 0.65 | 0.69 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 26.24% | 26.75% | 26.88% | 28.67% | 31.04% | 33.07% | 35.65% | 36.27% | 35.56% | 34.15% | 32.77% | 30.11% | |||||
| Operating Profit Margin TTM | 10.40% | 10.14% | 10.01% | 12.21% | 15.65% | 17.42% | 20.14% | 20.32% | 19.77% | 19.47% | 18.83% | 17.40% | |||||
| Net Profit Margin TTM | 7.30% | 7.46% | 7.62% | 9.70% | 12.60% | 14.04% | 15.78% | 15.61% | 15.44% | 15.20% | 15.18% | 14.22% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 28.27% | 20.11% | 8.77% | 5.39% | 8.24% | 2.75% | 8.34% | 14.05% | 19.83% | 31.47% | 44.91% | 57.12% | |||||
| Net Income Growth (1Y) | -25.64% | -36.17% | -47.49% | -34.49% | -11.67% | -5.10% | 12.65% | 25.19% | 50.95% | 76.96% | 150.46% | 166.92% | |||||
| EPS Growth (1Y) | -25.89% | -36.21% | -47.78% | -34.21% | -11.47% | -5.47% | 13.11% | 24.65% | 48.73% | 73.53% | 145.41% | 74.02% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 57.24 | 57.67 | 75.77 | 48.99 | 39.86 | 56.51 | 45.48 | 37.98 | 39.64 | 33.41 | 27.01 | 34.15 | |||||
| P/B TTM | 7.24 | 6.93 | 8.80 | 7.18 | 7.76 | 11.55 | 10.90 | 9.56 | 9.08 | 8.07 | 6.71 | 7.70 | |||||
| P/S TTM | 4.18 | 4.30 | 5.77 | 4.75 | 5.02 | 7.93 | 7.18 | 5.93 | 6.12 | 5.08 | 4.10 | 4.85 | |||||
| Market Cap | 6.76B | 6.20B | 7.60B | 5.98B | 6.33B | 9.53B | 8.68B | 7.08B | 7.13B | 5.93B | 4.58B | 5.08B | |||||
| Enterprise Value | 6.76B | 6.20B | 7.59B | 5.98B | 6.35B | 9.54B | 8.68B | 7.07B | 7.10B | 5.93B | 4.56B | 5.06B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 25.32M | -13.80M | -31.86M | 19.11M | 73.80M | 175.04M | 223.80M | 189.34M | 183.23M | 70.80M | 29.71M | 35.41M | |||||
| Net Debt | -1.10M | -1.24M | -2.27M | -1.32M | 13.62M | 9.49M | -6.67M | -12.08M | -28.37M | -9.02M | -22.54M | -27.67M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
AAON, INC. (AAON) — SEC Financial Statements & Analysis
AAON, INC. (AAON) is a air-cond & warm air heatg equip & comm & indl refrig equip company, incorporated in NV. AAON, INC. trades on Nasdaq as: AAON. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), AAON, INC. reported a 28.27% year-over-year revenue growth, a Gross Profit Margin of 26.24% (TTM), a Debt-to-Equity ratio of 0.38x, a Price-to-Sales (P/S) ratio of 4.18x (TTM), a Price-to-Book (P/B) ratio of 7.24 (TTM), at a market cap of $6.76B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 28.27%
- Gross Profit Margin TTM
- 26.24%
- Debt To Equity
- 0.38x
- P/S TTM
- 4.18x
- P/B TTM
- 7.24
- Market Cap
- $6.76B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is AAON, INC. in?
AAON, INC. (AAON) operates in the Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip industry.
What is AAON's market cap?
AAON, INC. (AAON) has a market capitalization of $6.76B as of 2026-03-31.
What is AAON's P/E ratio?
AAON, INC. (AAON)'s trailing twelve month P/E ratio is 57.24x as of 2026-03-31.
What exchange does AAON trade on?
AAON, INC. (AAON) trades on the Nasdaq.
Where is AAON, INC. incorporated?
AAON, INC. is incorporated in NV.