AAON, Inc. (AAON)
Industrials · Building Products & Equipment · NasdaqGS
AAON, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $383.98M | $405.23M | $433.95M | $469.33M | $514.55M | $534.52M | $888.79M | $1.17B | $1.20B | $1.44B |
| Gross profit | $118.08M | $123.65M | $103.53M | $119.42M | $155.85M | $137.83M | $237.57M | $399.02M | $397.11M | $385.72M |
| Net income | $53.38M | $53.83M | $42.33M | $53.71M | $79.01M | $58.76M | $100.38M | $177.62M | $168.56M | $107.59M |
| Net margin | 13.9% | 13.3% | 9.8% | 11.4% | 15.4% | 11.0% | 11.3% | 15.2% | 14.0% | 7.5% |
Source: AAON, Inc. SEC filings (10-K). 17 years of history available in the interactive view.
What growth is priced into AAON stock?
At today's market cap of $9.79B, AAON, Inc. is priced for free-cash-flow growth of about 70.8% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $7.29M from the FY ending 2022-12-31). For comparison, free cash flow actually grew -14.8%/yr over the last five fiscal years and revenue 22.9%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of AAON, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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AAON, Inc. financial history by metric
About AAON, Inc.
AAON, Inc., together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls. The company markets and sells its products to retail, manufacturing, educational, lodging, supermarket, data centers, medical and pharmaceutical, and other commercial industries. It sells its products through a network of independent manufacturer representative organizations and internal sales force, as well as online. AAON, Inc. was incorporated in 1987 and is headquartered in Tulsa, Oklahoma.
AAON, Inc. — frequently asked questions
What is AAON, Inc.'s revenue?
AAON, Inc. (AAON) reported revenue of $1.44B for fiscal year 2025, up 20.1% from the prior year, according to its SEC filings.
Is AAON, Inc. profitable?
Yes. AAON earned net income of $107.59M in fiscal 2025, a net margin of 7.5%.
What is AAON's P/E ratio?
AAON, Inc. trades at a price-to-earnings ratio of about 84.8 based on the latest data in our nightly-refreshed cache.
How fast is AAON, Inc. growing?
AAON's revenue grew at roughly 22.9% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does AAON, Inc. have?
As of fiscal year 2025, AAON carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is AAON, Inc.'s gross margin?
AAON's gross margin was 26.7% in fiscal 2025 — gross profit of $385.72M on revenue of $1.44B.
What is AAON, Inc.'s market cap?
AAON, Inc. (AAON) has a market capitalization of about $9.79B, based on the latest data in our nightly-refreshed cache.
When does AAON, Inc.'s fiscal year end?
AAON's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into AAON stock?
At today's market cap of $9.79B, AAON, Inc. is priced for free-cash-flow growth of about 70.8% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $7.29M from the FY ending 2022-12-31). For comparison, free cash flow actually grew -14.8%/yr over the last five fiscal years and revenue 22.9%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from AAON, Inc.'s official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.