AAON
AAON Inc
NASDAQ: AAON · INDUSTRIALS · BUILDING PRODUCTS & EQUIPMENT
$86.47
-1.83% today
Updated 2026-04-29
Market cap
$7.08B
P/E ratio
67.03
P/S ratio
4.91x
EPS (TTM)
$1.29
Dividend yield
0.45%
52W range
$62 – $116
Volume
0.9M
AAON Inc (AAON) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $231.46M | $262.52M | $279.73M | $245.28M | $244.55M | $266.22M | $303.11M | $321.14M | $356.32M | $358.63M | $383.98M | $405.23M | $433.95M | $469.33M | $514.55M | $534.52M | $888.79M | $1.17B | $1.20B | $1.44B |
| Revenue growth (YoY) | — | +13.4% | +6.6% | -12.3% | -0.3% | +8.9% | +13.9% | +5.9% | +11.0% | +0.6% | +7.1% | +5.5% | +7.1% | +8.2% | +9.6% | +3.9% | +66.3% | +31.5% | +2.7% | +20.1% |
| Cost of revenue | $187.57M | $205.15M | $212.55M | $177.74M | $189.36M | $219.94M | $232.62M | $231.35M | $248.06M | $249.95M | $265.90M | $281.58M | $330.41M | $349.91M | $358.70M | $396.69M | $651.22M | $769.50M | $803.53M | $1.06B |
| Gross profit | $43.89M | $57.37M | $67.18M | $67.55M | $55.19M | $46.28M | $70.50M | $89.79M | $108.26M | $108.68M | $118.08M | $123.65M | $103.53M | $119.42M | $155.85M | $137.83M | $237.57M | $399.02M | $397.11M | $385.72M |
| Gross margin | 19.0% | 21.9% | 24.0% | 27.5% | 22.6% | 17.4% | 23.3% | 28.0% | 30.4% | 30.3% | 30.8% | 30.5% | 23.9% | 25.4% | 30.3% | 25.8% | 26.7% | 34.1% | 33.1% | 26.7% |
| R&D | $1.97M | $2.48M | $2.58M | $3.10M | $3.60M | $4.80M | $3.60M | $5.20M | $6.30M | $7.50M | $12.00M | $13.00M | $13.50M | $14.80M | $17.40M | $16.60M | $46.80M | $43.70M | — | — |
| SG&A | $18.06M | $21.70M | $23.79M | $23.79M | $22.47M | $21.09M | $24.77M | $32.18M | $38.67M | $35.37M | $36.36M | $46.74M | $46.31M | $49.73M | $59.67M | $67.00M | $100.42M | $155.18M | $164.19M | $205.66M |
| Operating income | $25.83M | $35.67M | $43.39M | $41.55M | $32.70M | $22.17M | $44.24M | $55.83M | $68.01M | $71.30M | $79.59M | $74.23M | $55.35M | $67.01M | $101.84M | $69.25M | $126.76M | $227.49M | $209.12M | $146.25M |
| Operating margin | 11.2% | 13.6% | 15.5% | 16.9% | 13.4% | 8.3% | 14.6% | 17.4% | 19.1% | 19.9% | 20.7% | 18.3% | 12.8% | 14.3% | 19.8% | 13.0% | 14.3% | 19.5% | 17.4% | 10.1% |
| EBITDA | $34.98M | $45.33M | $53.55M | $52.96M | $42.62M | $33.19M | $57.77M | $68.35M | $79.80M | $83.08M | $93.03M | $89.50M | $73.16M | $89.80M | $120.99M | $99.73M | $162.59M | $274.79M | $272.42M | $225.84M |
| EBITDA margin | 15.1% | 17.3% | 19.1% | 21.6% | 17.4% | 12.5% | 19.1% | 21.3% | 22.4% | 23.2% | 24.2% | 22.1% | 16.9% | 19.1% | 23.5% | 18.7% | 18.3% | 23.5% | 22.7% | 15.7% |
| EBIT | $25.83M | $35.67M | $44.14M | $43.90M | $32.74M | $21.79M | $44.36M | $56.03M | $68.25M | $71.34M | $79.99M | $74.49M | $55.50M | $67.03M | $95.36M | $69.31M | $127.16M | $228.00M | $209.50M | $146.48M |
| Interest expense | $0.00 | $0.00 | $71000.00 | $9000.00 | $45000.00 | $277000.00 | $44000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $654000.00 | $13.10M | $132000.00 | $2.63M | $4.84M | $2.90M | $17.73M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $17.13M | $23.16M | $28.59M | $27.72M | $21.89M | $13.99M | $27.45M | $37.55M | $44.16M | $45.73M | $53.38M | $54.50M | $42.33M | $53.71M | $79.01M | $58.76M | $100.38M | $177.62M | $168.56M | $107.59M |
| Net income growth (YoY) | — | +35.2% | +23.5% | -3.0% | -21.0% | -36.1% | +96.3% | +36.8% | +17.6% | +3.6% | +16.7% | +2.1% | -22.3% | +26.9% | +47.1% | -25.6% | +70.8% | +77.0% | -5.1% | -36.2% |
| Profit margin | 7.4% | 8.8% | 10.2% | 11.3% | 9.0% | 5.3% | 9.1% | 11.7% | 12.4% | 12.8% | 13.9% | 13.4% | 9.8% | 11.4% | 15.4% | 11.0% | 11.3% | 15.2% | 14.0% | 7.5% |