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AAON (AAON) Financials

AAON logo
$100.19 +1.09 (+1.10%)
Closing price 05/27/2025 04:00 PM Eastern
Extended Trading
$100.19 0.00 (0.00%)
As of 05/27/2025 06:08 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for AAON

Annual Income Statements for AAON

This table shows AAON's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders
169 178 100 59 79 54 42 54 53 46
Consolidated Net Income / (Loss)
169 178 100 59 79 54 42 54 53 46
Net Income / (Loss) Continuing Operations
169 178 100 59 79 54 42 54 53 46
Total Pre-Tax Income
207 223 125 69 102 67 56 75 80 71
Total Operating Income
209 227 127 69 102 67 55 74 80 71
Total Gross Profit
397 399 238 138 156 119 104 124 118 109
Total Revenue
1,201 1,169 889 535 515 469 434 405 384 359
Operating Revenue
1,201 1,169 889 535 515 469 434 405 384 359
Total Cost of Revenue
804 769 651 397 359 350 330 282 266 250
Operating Cost of Revenue
804 769 651 397 359 350 330 282 266 250
Total Operating Expenses
188 172 111 69 54 52 48 49 38 37
Selling, General & Admin Expense
188 172 111 69 60 52 48 49 39 37
Other Special Charges / (Income)
-0.02 -0.01 -0.01 -0.02 -6.48 0.34 -0.01 0.05 -0.02 -0.06
Total Other Income / (Expense), net
-2.53 -4.34 -2.23 -0.07 0.14 0.02 0.15 0.39 0.40 0.04
Interest Expense
2.91 4.84 2.63 0.13 -0.09 -0.07 -0.20 -0.30 -0.29 -0.16
Other Income / (Expense), net
0.38 0.50 0.40 0.06 0.05 -0.05 -0.05 0.09 0.11 -0.12
Income Tax Expense
38 46 24 10 23 13 13 21 27 26
Basic Earnings per Share
$2.07 $2.19 $1.26 $0.75 $1.51 $1.03 $0.81 $1.02 $1.01 $0.85
Weighted Average Basic Shares Outstanding
81.47M 81.16M 79.58M 78.61M 52.17M 52.08M 52.28M 52.57M 52.92M 54.05M
Diluted Earnings per Share
$2.02 $2.13 $1.24 $0.73 $1.49 $1.02 $0.80 $1.01 $1.00 $0.84
Weighted Average Diluted Shares Outstanding
83.63M 83.30M 81.15M 80.59M 53.06M 52.64M 52.67M 53.08M 53.45M 54.48M
Weighted Average Basic & Diluted Shares Outstanding
81.60M 81.58M 53.48M 52.53M 52.29M 52.09M 51.98M 52.40M 52.80M 53.80M
Cash Dividends to Common per Share
$0.32 $0.32 $0.29 $0.25 $0.38 $0.32 $0.32 $0.26 $0.24 $0.22

Quarterly Income Statements for AAON

This table shows AAON's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
29 25 53 52 39 47 48 46 37 39 27
Consolidated Net Income / (Loss)
29 25 53 52 39 47 48 46 37 39 27
Net Income / (Loss) Continuing Operations
29 25 53 52 39 47 48 46 37 39 27
Total Pre-Tax Income
32 28 65 67 47 63 63 53 43 46 36
Total Operating Income
35 29 66 67 47 64 65 55 44 47 37
Total Gross Profit
86 78 114 113 92 112 116 94 77 79 66
Total Revenue
322 298 327 314 262 307 312 284 266 255 243
Operating Revenue
322 298 327 314 262 307 312 284 266 255 243
Total Cost of Revenue
236 220 213 200 170 195 196 190 189 176 177
Operating Cost of Revenue
236 220 213 200 170 195 196 190 189 176 177
Total Operating Expenses
51 48 49 46 45 48 51 39 33 32 29
Selling, General & Admin Expense
51 48 49 46 45 48 51 39 33 32 29
Other Operating Expenses / (Income)
0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - -
Other Special Charges / (Income)
-0.04 -0.01 0.00 0.00 -0.02 - -0.03 0.01 0.01 - 0.00
Total Other Income / (Expense), net
-2.63 -1.16 -1.01 -0.19 -0.16 -0.75 -1.17 -1.38 -1.04 -0.83 -0.90
Interest & Investment Income
-2.80 - -1.09 -0.37 - - -1.27 -1.54 - - -
Other Income / (Expense), net
0.17 0.05 0.08 0.18 0.08 0.13 0.09 0.16 0.11 0.10 0.05
Income Tax Expense
3.19 3.58 12 15 7.79 16 15 7.68 6.36 6.87 8.33
Basic Earnings per Share
$0.36 $0.30 $0.65 $0.64 $0.48 $0.58 $0.59 $0.56 $0.46 $0.49 $0.34
Weighted Average Basic Shares Outstanding
81.47M 81.47M 81.09M 81.79M 81.66M 81.16M 81.42M 81.44M 80.46M 79.58M 79.78M
Diluted Earnings per Share
$0.35 $0.30 $0.63 $0.62 $0.46 $0.58 $0.58 $0.55 $0.44 $0.49 $0.34
Weighted Average Diluted Shares Outstanding
83.35M 83.63M 83.11M 83.79M 84.04M 83.30M 83.39M 83.47M 82.86M 81.15M 80.94M
Weighted Average Basic & Diluted Shares Outstanding
81.37M 81.60M 81.28M 81.01M 82.21M 81.58M 81.24M 54.41M 54.25M 53.48M 53.20M
Cash Dividends to Common per Share
$0.10 $0.08 $0.08 $0.08 $0.08 $0.08 $0.08 $0.08 $0.08 $0.16 $0.00

Annual Cash Flow Statements for AAON

This table details how cash moves in and out of AAON's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents
-2.51 3.07 2.46 -79 38 42 -19 -2.70 16 -14
Net Cash From Operating Activities
193 159 61 61 129 98 55 58 64 55
Net Cash From Continuing Operating Activities
193 159 61 61 129 98 55 58 64 55
Net Income / (Loss) Continuing Operations
169 178 100 59 79 54 42 54 53 46
Consolidated Net Income / (Loss)
169 178 100 59 79 54 42 54 53 46
Depreciation Expense
63 46 35 30 26 23 18 15 13 12
Amortization Expense
0.34 0.41 0.37 0.12 0.04 0.01 0.01 0.05 0.25 0.27
Non-Cash Adjustments To Reconcile Net Income
-74 -12 6.97 14 6.09 14 8.20 6.72 4.91 3.12
Changes in Operating Assets and Liabilities, net
35 -53 -81 -42 18 7.81 -13 -18 -7.65 -5.50
Net Cash From Investing Activities
-213 -109 -76 -159 -61 -37 -35 -31 -17 -23
Net Cash From Continuing Investing Activities
-213 -109 -76 -159 -61 -37 -35 -31 -17 -23
Purchase of Property, Plant & Equipment
-196 -104 -76 -55 -68 -37 -37 -42 -27 -21
Acquisitions
-17 -5.20 -0.25 -103 0.00 0.00 -6.38 0.00 0.00 -
Sale of Property, Plant & Equipment
0.03 0.13 0.01 0.02 0.06 0.07 0.01 0.01 0.03 0.06
Sale and/or Maturity of Investments
0.05 0.05 0.05 0.05 0.05 6.05 25 29 24 19
Net Cash From Financing Activities
18 -47 17 19 -30 -19 -40 -30 -31 -46
Net Cash From Continuing Financing Activities
18 -47 17 19 -30 -19 -40 -30 -31 -46
Repayment of Debt
-601 -630 -195 0.00 0.00 - - - -0.76 0.00
Repurchase of Common Equity
-100 -25 -13 -21 -30 -20 -27 -17 -19 -37
Payment of Dividends
-26 -26 -23 -20 -20 -17 -17 -14 -13 -12
Issuance of Debt
722 603 226 40 0.00 0.00 0.00 0.00 0.76 0.00
Other Financing Activities, net
23 32 22 20 20 18 3.89 0.65 1.24 2.21

Quarterly Cash Flow Statements for AAON

This table details how cash moves in and out of AAON's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
-4.13 -0.15 -5.41 -16 19 -14 -5.13 25 -2.97 -5.32 -6.94
Net Cash From Operating Activities
-9.21 0.85 64 36 92 52 47 55 4.82 18 45
Net Cash From Continuing Operating Activities
-9.21 0.85 64 36 92 52 47 55 4.82 18 45
Net Income / (Loss) Continuing Operations
29 25 53 52 39 47 48 46 37 39 27
Consolidated Net Income / (Loss)
29 25 53 52 39 47 48 46 37 39 27
Depreciation Expense
19 18 17 14 13 13 12 11 10 9.48 9.32
Amortization Expense
0.08 0.10 0.10 0.10 0.04 0.18 0.12 0.06 0.04 0.14 0.06
Non-Cash Adjustments To Reconcile Net Income
-49 -41 -22 -11 -0.05 -19 0.94 1.43 4.48 -1.11 3.26
Changes in Operating Assets and Liabilities, net
-8.49 -0.96 15 -20 40 11 -14 -3.02 -47 -30 4.88
Net Cash From Investing Activities
-50 -99 -38 -37 -39 -27 -22 -32 -29 -12 -14
Net Cash From Continuing Investing Activities
-50 -99 -38 -37 -39 -27 -22 -32 -29 -12 -14
Purchase of Property, Plant & Equipment
-47 -96 -34 -31 -35 -21 -22 -32 -29 -12 -14
Acquisitions
-3.72 -3.06 -4.38 -6.00 -4.06 -5.20 - - 0.00 - -
Sale of Property, Plant & Equipment
0.04 0.00 0.01 - 0.02 - 0.03 0.00 0.10 - -
Sale and/or Maturity of Investments
0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Net Cash From Financing Activities
55 98 -31 -15 -34 -39 -30 1.25 21 -11 -38
Net Cash From Continuing Financing Activities
55 98 -31 -15 -34 -39 -30 1.25 21 -11 -38
Repayment of Debt
-138 -208 -168 -72 -154 -193 -164 -180 -93 -80 -86
Repurchase of Common Equity
-32 - - - - - -25 - - -4.79 -2.03
Payment of Dividends
-8.10 -6.51 -6.49 -6.52 -6.56 -6.50 -6.94 -6.55 -6.46 -13 -10
Issuance of Debt
236 312 138 153 119 153 170 175 105 75 56
Other Financing Activities, net
-2.41 0.78 5.86 9.71 6.80 7.51 -4.09 13 15 12 4.49

Annual Balance Sheets for AAON

This table presents AAON's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Assets
1,175 941 814 650 449 371 308 297 257 233
Total Current Assets
488 409 349 218 220 188 141 154 141 124
Cash & Equivalents
0.01 0.29 5.45 2.86 79 27 1.99 21 24 7.91
Restricted Cash
6.50 8.74 0.50 0.63 3.26 18 0.00 - - -
Accounts Receivable
147 138 127 71 47 67 54 50 43 50
Inventories, net
187 214 199 130 82 74 78 71 47 38
Prepaid Expenses
7.31 3.10 1.92 2.07 3.77 1.38 1.05 0.52 0.62 0.53
Current Deferred & Refundable Income Taxes
4.12 0.00 - 5.72 4.59 0.77 5.90 1.64 6.24 4.70
Other Current Assets
135 45 15 5.75 0.00 - - - - -
Plant, Property, & Equipment, net
510 370 305 258 223 178 163 142 115 101
Total Noncurrent Assets
177 163 160 174 5.42 5.78 4.33 0.68 0.66 7.58
Goodwill
160 150 82 86 3.23 3.23 3.23 0.00 - -
Noncurrent Deferred & Refundable Income Taxes
0.84 0.00 - - - - - - - -
Other Noncurrent Operating Assets
16 13 14 18 2.15 1.68 0.00 - - 1.88
Total Liabilities & Shareholders' Equity
1,175 941 814 650 449 371 308 297 257 233
Total Liabilities
351 206 253 184 98 81 59 60 51 54
Total Current Liabilities
175 127 146 87 59 56 47 50 39 43
Short-Term Debt
16 0.00 - - - 0.00 0.00 0.00 0.00 0.00
Accounts Payable
45 27 46 29 12 12 11 11 7.10 6.18
Accrued Expenses
99 86 79 50 47 44 37 39 32 37
Other Current Liabilities
15 14 21 7.54 0.00 - - - - -
Total Noncurrent Liabilities
176 79 108 97 39 25 11 9.49 12 11
Long-Term Debt
139 38 71 40 0.00 6.32 0.00 - - -
Noncurrent Deferred & Payable Income Tax Liabilities
0.00 12 19 32 28 15 9.26 7.98 9.53 8.71
Other Noncurrent Operating Liabilities
37 29 18 25 11 3.64 1.80 0.00 0.56 1.12
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
825 735 561 466 351 290 249 237 206 179
Total Preferred & Common Equity
825 735 561 466 351 290 249 237 206 179
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
825 735 561 466 351 290 249 237 206 179
Common Stock
69 122 99 82 5.37 3.84 0.21 0.21 0.21 0.21
Retained Earnings
755 613 462 384 345 286 249 237 206 179

Quarterly Balance Sheets for AAON

This table presents AAON's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets
1,300 1,031 1,011 953 945 930 868 786
Total Current Assets
572 428 423 392 425 424 384 336
Cash & Equivalents
0.99 0.02 0.01 8.39 0.21 5.24 2.52 11
Restricted Cash
1.39 6.65 12 20 22 22 0.47 0.53
Accounts Receivable
165 144 149 110 160 154 161 134
Inventories, net
199 178 183 196 215 215 200 177
Prepaid Expenses
9.44 3.39 5.74 7.37 2.84 4.47 5.54 2.30
Current Deferred & Refundable Income Taxes
7.44 1.13 4.97 - - 2.70 - 1.94
Other Current Assets
189 95 68 51 25 20 15 9.59
Plant, Property, & Equipment, net
552 428 413 391 357 347 325 296
Total Noncurrent Assets
176 175 174 170 162 158 159 153
Noncurrent Note & Lease Receivables
0.81 0.79 0.85 0.88 6.38 6.37 6.41 4.24
Goodwill
161 159 82 82 82 82 82 82
Noncurrent Deferred & Refundable Income Taxes
0.00 - - - - - - -
Other Noncurrent Operating Assets
15 16 16 17 12 7.38 7.17 1.68
Total Liabilities & Shareholders' Equity
1,300 1,031 1,011 953 945 930 868 786
Total Liabilities
484 234 270 168 262 270 259 262
Total Current Liabilities
207 140 141 125 140 154 138 142
Short-Term Debt
16 - - - - - - -
Accounts Payable
77 27 29 15 30 32 30 49
Accrued Expenses
97 96 85 93 91 101 86 62
Other Current Liabilities
16 16 27 17 20 20 22 32
Total Noncurrent Liabilities
278 94 129 43 122 116 121 120
Long-Term Debt
253 72 102 16 78 79 84 76
Noncurrent Deferred & Payable Income Tax Liabilities
5.14 1.66 5.81 5.03 15 14 20 31
Other Noncurrent Operating Liabilities
20 21 21 22 28 24 17 12
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
816 797 740 785 682 660 609 524
Total Preferred & Common Equity
816 797 740 785 682 660 609 524
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
816 797 740 785 682 660 609 524
Common Stock
39 60 49 140 110 129 117 88
Retained Earnings
777 737 691 645 572 531 492 436

Annual Metrics And Ratios for AAON

This table displays calculated financial ratios and metrics derived from AAON's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics
- - - - - - - - - -
Revenue Growth
2.75% 31.47% 66.28% 3.88% 9.63% 8.15% 7.09% 5.54% 7.07% 0.65%
EBITDA Growth
-0.84% 69.01% 63.00% -21.79% 42.15% 22.98% -18.36% -3.87% 11.78% 3.71%
EBIT Growth
-8.11% 79.30% 83.46% -31.97% 52.15% 21.09% -25.59% -6.74% 11.97% 4.72%
NOPAT Growth
-5.77% 77.23% 73.71% -25.45% 46.94% 27.19% -21.17% 0.83% 16.21% 3.87%
Net Income Growth
-5.10% 76.96% 70.83% -25.63% 47.10% 26.89% -21.37% 0.85% 16.73% 3.56%
EPS Growth
-5.16% 71.77% 70.83% -25.63% 46.08% 27.50% -20.79% 1.00% 19.05% 5.00%
Operating Cash Flow Growth
21.17% 159.13% 0.22% -52.50% 31.54% 78.51% -5.41% -9.28% 15.48% 3.43%
Free Cash Flow Firm Growth
-189.35% 302.34% 88.07% -380.86% 27.22% 3,008.10% -82.24% -74.17% 6.60% 4.56%
Invested Capital Growth
27.26% 22.17% 24.49% 87.17% 6.54% 1.87% 19.65% 27.54% 13.04% 10.33%
Revenue Q/Q Growth
-0.74% 4.66% 15.36% 3.80% -1.13% 2.23% 1.92% 3.18% -1.43% 3.61%
EBITDA Q/Q Growth
-9.95% 8.23% 35.90% -16.04% 3.31% 9.13% -0.89% 0.11% -1.66% 3.73%
EBIT Q/Q Growth
-14.15% 8.22% 47.99% -22.64% 2.57% 11.96% -2.57% -0.49% -2.25% 4.03%
NOPAT Q/Q Growth
-11.41% 4.60% 48.36% -17.64% 2.05% 10.19% -6.03% 7.30% -2.80% 5.61%
Net Income Q/Q Growth
-11.71% 4.81% 48.34% -17.78% 2.09% 10.22% -6.22% 7.35% -2.79% 5.58%
EPS Q/Q Growth
-14.04% 2.40% 48.34% -17.78% 0.68% 12.09% -5.88% 6.32% -3.85% 5.00%
Operating Cash Flow Q/Q Growth
-20.91% 27.07% 105.12% -42.56% 3.60% 20.53% -9.06% -1.34% -0.06% 4.88%
Free Cash Flow Firm Q/Q Growth
-154.78% 79.14% 90.31% -539.74% 11.72% 34.44% 143.52% -61.31% 16.45% -10.30%
Invested Capital Q/Q Growth
12.88% 3.54% 6.26% 65.25% -1.49% 0.36% 3.56% 8.62% -0.80% 3.67%
Profitability Metrics
- - - - - - - - - -
Gross Margin
33.07% 34.15% 26.73% 25.79% 30.29% 25.45% 23.86% 30.51% 30.75% 30.30%
EBITDA Margin
22.70% 23.52% 18.30% 18.67% 24.79% 19.12% 16.82% 22.06% 24.22% 23.20%
Operating Margin
17.42% 19.47% 14.26% 12.96% 19.79% 14.28% 12.76% 18.32% 20.73% 19.88%
EBIT Margin
17.45% 19.51% 14.31% 12.97% 19.80% 14.27% 12.74% 18.34% 20.76% 19.85%
Profit (Net Income) Margin
14.04% 15.20% 11.29% 10.99% 15.35% 11.44% 9.75% 13.28% 13.90% 12.75%
Tax Burden Percent
81.59% 79.60% 80.60% 84.93% 77.48% 80.13% 76.27% 72.14% 66.73% 64.10%
Interest Burden Percent
98.61% 97.88% 97.93% 99.81% 100.09% 100.10% 100.35% 100.40% 100.37% 100.23%
Effective Tax Rate
18.41% 20.40% 19.40% 15.07% 22.52% 19.87% 23.73% 27.87% 33.27% 35.90%
Return on Invested Capital (ROIC)
19.64% 26.05% 18.11% 15.25% 30.31% 21.50% 18.59% 29.03% 34.76% 33.43%
ROIC Less NNEP Spread (ROIC-NNEP)
17.32% 18.73% 14.57% 15.52% 30.13% 21.42% 17.89% 28.27% 34.09% 33.37%
Return on Net Nonoperating Assets (RNNOA)
1.97% 1.36% 1.44% -0.87% -5.66% -1.59% -1.19% -4.73% -7.02% -7.52%
Return on Equity (ROE)
21.61% 27.41% 19.55% 14.38% 24.65% 19.91% 17.40% 24.30% 27.74% 25.91%
Cash Return on Invested Capital (CROIC)
-4.35% 6.09% -3.71% -45.45% 23.97% 19.64% 0.69% 4.82% 22.52% 23.61%
Operating Return on Assets (OROA)
19.79% 25.98% 17.37% 12.61% 24.84% 19.71% 18.29% 26.87% 32.57% 30.96%
Return on Assets (ROA)
15.93% 20.24% 13.71% 10.69% 19.26% 15.81% 14.00% 19.46% 21.81% 19.89%
Return on Common Equity (ROCE)
21.61% 27.41% 19.55% 14.38% 24.65% 19.91% 17.40% 24.30% 27.74% 25.91%
Return on Equity Simple (ROE_SIMPLE)
20.44% 24.16% 17.90% 12.60% 22.52% 18.51% 16.97% 22.69% 25.92% 25.56%
Net Operating Profit after Tax (NOPAT)
171 181 102 59 79 54 42 54 53 46
NOPAT Margin
14.21% 15.50% 11.50% 11.00% 15.33% 11.44% 9.73% 13.21% 13.83% 12.74%
Net Nonoperating Expense Percent (NNEP)
2.32% 7.32% 3.54% -0.26% 0.18% 0.08% 0.70% 0.76% 0.67% 0.06%
Return On Investment Capital (ROIC_SIMPLE)
17.42% 23.41% 16.17% - - - - - - -
Cost of Revenue to Revenue
66.93% 65.85% 73.27% 74.21% 69.71% 74.55% 76.14% 69.49% 69.25% 69.70%
SG&A Expenses to Revenue
15.66% 14.68% 12.47% 12.83% 11.76% 11.10% 11.11% 12.18% 10.03% 10.44%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
15.66% 14.68% 12.47% 12.83% 10.50% 11.17% 11.10% 12.19% 10.02% 10.42%
Earnings before Interest and Taxes (EBIT)
209 228 127 69 102 67 55 74 80 71
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
273 275 163 100 128 90 73 89 93 83
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
11.60 8.13 7.08 8.81 9.73 8.65 7.09 7.79 8.07 6.64
Price to Tangible Book Value (P/TBV)
14.40 10.22 9.59 13.24 9.83 8.76 7.20 7.79 8.07 6.64
Price to Revenue (P/Rev)
7.97 5.12 4.47 7.68 6.64 5.35 4.08 4.56 4.33 3.31
Price to Earnings (P/E)
56.75 33.67 39.58 69.91 43.23 46.73 41.79 34.33 31.12 25.96
Dividend Yield
0.27% 0.43% 0.58% 0.49% 0.58% 0.66% 0.94% 0.74% 0.76% 1.00%
Earnings Yield
1.76% 2.97% 2.53% 1.43% 2.31% 2.14% 2.39% 2.91% 3.21% 3.85%
Enterprise Value to Invested Capital (EV/IC)
9.98 7.86 6.45 8.24 12.41 9.80 7.14 8.79 9.98 8.03
Enterprise Value to Revenue (EV/Rev)
8.09 5.14 4.54 7.75 6.48 5.27 4.07 4.48 4.21 3.21
Enterprise Value to EBITDA (EV/EBITDA)
35.64 21.86 24.83 41.54 26.13 27.54 24.21 20.33 17.40 13.85
Enterprise Value to EBIT (EV/EBIT)
46.37 26.36 31.75 59.79 32.71 36.91 31.95 24.45 20.29 16.18
Enterprise Value to NOPAT (EV/NOPAT)
56.93 33.19 39.52 70.46 42.24 46.03 41.85 33.94 30.45 25.20
Enterprise Value to Operating Cash Flow (EV/OCF)
50.45 37.82 65.85 67.74 25.88 25.24 32.21 31.34 25.30 20.81
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 142.01 0.00 0.00 53.41 50.38 1,119.44 204.50 47.01 35.68
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.19 0.05 0.13 0.09 0.00 0.02 0.00 0.00 0.00 0.00
Long-Term Debt to Equity
0.17 0.05 0.13 0.09 0.00 0.02 0.00 0.00 0.00 0.00
Financial Leverage
0.11 0.07 0.10 -0.06 -0.19 -0.07 -0.07 -0.17 -0.21 -0.23
Leverage Ratio
1.36 1.35 1.43 1.35 1.28 1.26 1.24 1.25 1.27 1.30
Compound Leverage Factor
1.34 1.33 1.40 1.34 1.28 1.26 1.25 1.25 1.28 1.31
Debt to Total Capital
15.81% 4.95% 11.24% 7.90% 0.00% 2.13% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital
1.63% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
14.18% 4.95% 11.24% 7.90% 0.00% 2.13% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
84.19% 95.05% 88.76% 92.10% 100.00% 97.87% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA
0.57 0.14 0.44 0.40 0.00 0.07 0.00 0.00 0.00 0.00
Net Debt to EBITDA
0.54 0.11 0.40 0.37 0.00 -0.42 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA
0.51 0.14 0.44 0.40 0.00 0.07 0.00 0.00 0.00 0.00
Debt to NOPAT
0.91 0.21 0.69 0.68 0.00 0.12 0.00 0.00 0.00 0.00
Net Debt to NOPAT
0.87 0.16 0.64 0.62 0.00 -0.71 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT
0.81 0.21 0.69 0.68 0.00 0.12 0.00 0.00 0.00 0.00
Altman Z-Score
19.20 20.71 12.12 15.64 24.28 21.89 21.62 22.35 23.81 17.25
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
2.79 3.23 2.40 2.51 3.73 3.35 2.96 3.07 3.61 2.86
Quick Ratio
0.84 1.09 0.91 0.85 2.14 1.68 1.18 1.61 2.22 1.85
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-38 42 -21 -175 62 49 1.58 8.89 34 32
Operating Cash Flow to CapEx
98.41% 152.54% 80.67% 110.55% 190.15% 263.97% 147.24% 139.06% 240.53% 264.81%
Free Cash Flow to Firm to Interest Expense
-13.02 8.74 -7.96 -1,327.94 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
66.28 32.81 23.34 463.51 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
-1.07 11.30 -5.59 44.24 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
1.13 1.33 1.21 0.97 1.25 1.38 1.44 1.46 1.57 1.56
Accounts Receivable Turnover
8.41 8.81 8.98 9.05 8.97 7.73 8.31 8.68 8.26 7.62
Inventory Turnover
4.01 3.73 3.96 3.73 4.60 4.63 4.45 4.77 6.19 6.57
Fixed Asset Turnover
2.73 3.46 3.16 2.22 2.56 2.75 2.84 3.15 3.56 3.72
Accounts Payable Turnover
22.28 21.08 17.47 19.13 29.64 31.28 30.62 31.17 40.04 28.49
Days Sales Outstanding (DSO)
43.40 41.43 40.64 40.35 40.71 47.24 43.91 42.04 44.21 47.89
Days Inventory Outstanding (DIO)
91.07 97.82 92.26 97.76 79.28 78.87 81.97 76.57 58.92 55.58
Days Payable Outstanding (DPO)
16.38 17.31 20.89 19.08 12.32 11.67 11.92 11.71 9.11 12.81
Cash Conversion Cycle (CCC)
118.09 121.94 112.02 119.03 107.67 114.43 113.96 106.89 94.02 90.66
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
973 765 626 503 269 252 247 207 162 143
Invested Capital Turnover
1.38 1.68 1.58 1.39 1.98 1.88 1.91 2.20 2.51 2.62
Increase / (Decrease) in Invested Capital
208 139 123 234 16 4.64 41 45 19 13
Enterprise Value (EV)
9,713 6,009 4,038 4,144 3,333 2,472 1,767 1,817 1,617 1,152
Market Capitalization
9,565 5,980 3,973 4,108 3,415 2,510 1,769 1,848 1,661 1,187
Book Value per Share
$10.15 $9.05 $10.54 $8.89 $6.72 $5.57 $4.79 $4.52 $3.90 $3.31
Tangible Book Value per Share
$8.17 $7.20 $7.79 $5.92 $6.65 $5.50 $4.72 $4.52 $3.90 $3.31
Total Capital
979 774 632 506 351 296 249 237 206 179
Total Debt
155 38 71 40 0.00 6.32 0.00 0.00 0.00 0.00
Total Long-Term Debt
139 38 71 40 0.00 6.32 0.00 0.00 0.00 0.00
Net Debt
148 29 65 37 -82 -38 -1.99 -30 -44 -35
Capital Expenditures (CapEx)
196 104 76 55 68 37 37 42 27 21
Debt-free, Cash-free Net Working Capital (DFCFNWC)
323 273 198 128 79 87 91 73 58 50
Debt-free Net Working Capital (DFNWC)
329 282 204 131 161 132 93 104 102 81
Net Working Capital (NWC)
313 282 204 131 161 132 93 104 102 81
Net Nonoperating Expense (NNE)
2.06 3.45 1.80 0.06 -0.11 -0.02 -0.11 -0.28 -0.26 -0.02
Net Nonoperating Obligations (NNO)
148 29 65 37 -82 -38 -1.99 -30 -44 -35
Total Depreciation and Amortization (D&A)
63 47 35 30 26 23 18 15 13 12
Debt-free, Cash-free Net Working Capital to Revenue
26.89% 23.38% 22.23% 23.91% 15.34% 18.57% 21.01% 18.08% 15.15% 14.04%
Debt-free Net Working Capital to Revenue
27.43% 24.15% 22.90% 24.57% 31.33% 28.02% 21.47% 25.58% 26.55% 22.53%
Net Working Capital to Revenue
26.10% 24.15% 22.90% 24.57% 31.33% 28.02% 21.47% 25.58% 26.55% 22.53%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$2.07 $2.19 $1.26 $0.75 $1.01 $0.00 $0.54 $0.69 $0.67 $0.57
Adjusted Weighted Average Basic Shares Outstanding
81.47M 81.16M 79.58M 78.61M 78.25M 0.00 78.43M 78.86M 79.39M 81.07M
Adjusted Diluted Earnings per Share
$2.02 $2.13 $1.24 $0.73 $0.99 $0.00 $0.54 $0.69 $0.67 $0.56
Adjusted Weighted Average Diluted Shares Outstanding
83.63M 83.30M 81.15M 80.59M 79.59M 0.00 79.00M 79.62M 80.17M 81.72M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
81.60M 81.58M 80.22M 78.79M 78.43M 0.00 77.96M 78.65M 78.96M 79.57M
Normalized Net Operating Profit after Tax (NOPAT)
171 181 102 59 74 54 42 54 53 46
Normalized NOPAT Margin
14.21% 15.50% 11.49% 11.00% 14.36% 11.50% 9.73% 13.22% 13.83% 12.73%
Pre Tax Income Margin
17.21% 19.10% 14.01% 12.94% 19.82% 14.28% 12.79% 18.42% 20.83% 19.89%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
72.12 47.08 48.41 525.11 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
58.73 37.39 38.89 445.59 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
4.77 25.57 19.47 105.84 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
-8.61 15.88 9.96 26.33 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
15.47% 14.89% 22.83% 33.95% 25.08% 30.99% 39.52% 25.38% 23.75% 25.93%
Augmented Payout Ratio
74.82% 28.97% 35.52% 69.48% 63.13% 67.46% 102.94% 56.26% 59.94% 105.88%

Quarterly Metrics And Ratios for AAON

This table displays calculated financial ratios and metrics derived from AAON's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
22.87% -2.91% 4.90% 10.43% -1.45% 20.44% 28.59% 35.99% 45.51% 86.82% 75.08%
EBITDA Growth
-10.28% -38.98% 7.63% 24.33% 10.79% 37.11% 67.08% 119.87% 81.00% 321.52% 66.34%
EBIT Growth
-25.00% -53.96% 1.30% 22.71% 6.15% 37.08% 76.19% 165.58% 92.44% 754.25% 82.69%
NOPAT Growth
-19.13% -46.01% 9.15% 11.77% 3.86% 20.22% 73.86% 189.15% 107.21% 528.79% 80.50%
Net Income Growth
-24.92% -47.52% 9.46% 14.33% 5.98% 20.95% 75.00% 186.48% 103.85% 528.81% 76.32%
EPS Growth
-23.91% -48.28% 8.62% 12.73% 4.55% 18.37% 70.59% 186.48% 103.85% 528.81% 76.32%
Operating Cash Flow Growth
-109.98% -98.37% 35.10% -35.52% 1,815.20% 189.04% 4.91% 955.27% 170.90% 232.43% 281.60%
Free Cash Flow Firm Growth
-543.59% -100.46% 30.24% 11.26% 61.94% -9.18% 60.81% 73.47% 52.54% 63.35% -1,507.80%
Invested Capital Growth
40.08% 27.26% 16.74% 16.79% 11.93% 22.17% 25.39% 20.78% 28.05% 24.49% 93.58%
Revenue Q/Q Growth
8.17% -9.02% 4.36% 19.64% -14.52% -1.71% 9.87% 6.77% 4.46% 4.94% 16.18%
EBITDA Q/Q Growth
15.24% -43.20% 1.22% 35.41% -21.63% 0.19% 16.93% 20.66% -3.01% 22.09% 53.88%
EBIT Q/Q Growth
19.72% -55.07% -2.63% 43.21% -26.51% -1.14% 17.95% 23.88% -5.10% 27.07% 77.79%
NOPAT Q/Q Growth
23.17% -51.91% 2.05% 33.78% -17.76% -2.77% 4.49% 24.31% -4.81% 40.62% 73.77%
Net Income Q/Q Growth
18.64% -53.08% 0.76% 33.86% -17.07% -2.14% 5.25% 24.09% -5.36% 41.59% 72.29%
EPS Q/Q Growth
16.67% -52.38% 1.61% 34.78% -20.69% 0.00% 5.45% 24.09% -5.36% 41.59% 72.29%
Operating Cash Flow Q/Q Growth
-1,190.41% -98.68% 79.44% -61.52% 78.49% 9.63% -14.35% 1,042.79% -73.06% -60.21% 761.46%
Free Cash Flow Firm Q/Q Growth
-52.11% -160.57% -4.70% -55.09% 58.21% 9.32% -33.18% 33.48% -35.92% 67.46% 9.83%
Invested Capital Q/Q Growth
11.21% 12.88% 3.81% 7.50% -0.55% 3.54% 3.85% 3.03% 10.28% 6.26% 0.04%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
26.82% 26.07% 34.88% 36.07% 35.19% 36.44% 37.22% 33.11% 29.01% 30.85% 27.04%
EBITDA Margin
16.86% 15.83% 25.35% 26.14% 23.09% 25.19% 24.71% 23.22% 20.54% 22.12% 19.02%
Operating Margin
10.90% 9.88% 20.02% 21.43% 17.92% 20.83% 20.73% 19.28% 16.62% 18.30% 15.13%
EBIT Margin
10.96% 9.90% 20.05% 21.49% 17.95% 20.88% 20.76% 19.34% 16.66% 18.34% 15.15%
Profit (Net Income) Margin
9.10% 8.29% 16.08% 16.66% 14.89% 15.34% 15.41% 16.09% 13.84% 15.28% 11.32%
Tax Burden Percent
90.18% 87.35% 81.58% 77.94% 83.35% 74.52% 75.72% 85.61% 85.28% 84.99% 76.74%
Interest Burden Percent
92.06% 95.90% 98.34% 99.46% 99.49% 98.62% 98.05% 97.19% 97.41% 98.00% 97.40%
Effective Tax Rate
9.82% 12.65% 18.42% 22.06% 16.65% 25.48% 24.28% 14.39% 14.72% 15.01% 23.26%
Return on Invested Capital (ROIC)
13.37% 11.93% 24.69% 25.89% 23.79% 26.10% 26.41% 26.59% 22.42% 24.50% 20.03%
ROIC Less NNEP Spread (ROIC-NNEP)
11.50% 10.79% 23.33% 25.67% 23.40% 24.91% 24.94% 25.01% 21.15% 23.12% 24.48%
Return on Net Nonoperating Assets (RNNOA)
1.82% 1.23% 1.91% 2.58% 1.15% 1.81% 2.50% 3.24% 2.71% 2.29% -0.82%
Return on Equity (ROE)
15.19% 13.16% 26.60% 28.46% 24.94% 27.91% 28.91% 29.83% 25.13% 26.79% 19.21%
Cash Return on Invested Capital (CROIC)
-15.82% -4.35% 8.63% 8.92% 13.71% 6.09% 3.56% 4.62% -4.80% -3.71% -48.33%
Operating Return on Assets (OROA)
12.26% 11.23% 24.55% 26.44% 22.96% 27.80% 26.79% 23.72% 20.43% 22.27% 17.93%
Return on Assets (ROA)
10.18% 9.41% 19.70% 20.50% 19.04% 20.43% 19.89% 19.74% 16.97% 18.55% 13.40%
Return on Common Equity (ROCE)
15.19% 13.16% 26.60% 28.46% 24.94% 27.91% 28.91% 29.83% 25.13% 26.79% 19.21%
Return on Equity Simple (ROE_SIMPLE)
19.47% 0.00% 23.96% 25.17% 22.91% 0.00% 24.83% 22.55% 19.55% 0.00% 12.92%
Net Operating Profit after Tax (NOPAT)
32 26 53 52 39 48 49 47 38 40 28
NOPAT Margin
9.83% 8.63% 16.33% 16.70% 14.94% 15.53% 15.70% 16.50% 14.17% 15.55% 11.61%
Net Nonoperating Expense Percent (NNEP)
1.87% 1.14% 1.36% 0.21% 0.40% 1.19% 1.47% 1.59% 1.27% 1.39% -4.45%
Return On Investment Capital (ROIC_SIMPLE)
2.92% 2.62% - - - 6.15% - - - 6.27% -
Cost of Revenue to Revenue
73.18% 73.93% 65.12% 63.93% 64.81% 63.56% 62.78% 66.89% 70.99% 69.15% 72.96%
SG&A Expenses to Revenue
15.93% 16.19% 14.86% 14.64% 17.28% 15.61% 16.50% 13.83% 12.39% 12.55% 11.91%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
15.91% 16.19% 14.86% 14.64% 17.27% 15.61% 16.49% 13.83% 12.39% 12.55% 11.91%
Earnings before Interest and Taxes (EBIT)
35 29 66 67 47 64 65 55 44 47 37
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
54 47 83 82 61 77 77 66 55 56 46
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
7.81 11.60 10.96 9.69 9.11 8.13 6.77 7.76 8.44 7.08 5.41
Price to Tangible Book Value (P/TBV)
9.73 14.40 13.69 12.30 11.31 10.22 8.58 9.93 11.08 9.59 7.53
Price to Revenue (P/Rev)
5.06 7.97 7.22 6.01 6.14 5.12 4.14 4.89 5.29 4.47 3.68
Price to Earnings (P/E)
40.14 56.75 45.76 38.48 39.76 33.67 27.27 34.39 43.15 39.58 41.90
Dividend Yield
0.44% 0.27% 0.30% 0.37% 0.36% 0.43% 0.71% 0.51% 0.57% 0.58% 0.71%
Earnings Yield
2.49% 1.76% 2.19% 2.60% 2.52% 2.97% 3.67% 2.91% 2.32% 2.53% 2.39%
Enterprise Value to Invested Capital (EV/IC)
6.14 9.98 10.21 8.75 9.24 7.86 6.33 7.27 7.57 6.45 4.92
Enterprise Value to Revenue (EV/Rev)
5.27 8.09 7.28 6.08 6.13 5.14 4.19 4.94 5.37 4.54 3.76
Enterprise Value to EBITDA (EV/EBITDA)
24.93 35.64 29.08 24.47 25.42 21.86 18.42 23.19 27.91 24.83 24.24
Enterprise Value to EBIT (EV/EBIT)
33.59 46.37 36.07 29.86 30.93 26.36 22.20 28.31 35.18 31.75 33.75
Enterprise Value to NOPAT (EV/NOPAT)
40.75 56.93 45.70 38.60 39.09 33.19 27.02 33.95 42.92 39.52 42.11
Enterprise Value to Operating Cash Flow (EV/OCF)
73.02 50.45 36.16 32.01 28.96 37.82 37.40 42.10 71.59 65.85 97.02
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 127.53 105.58 71.21 142.01 198.00 172.42 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.33 0.19 0.09 0.14 0.02 0.05 0.11 0.12 0.14 0.13 0.15
Long-Term Debt to Equity
0.31 0.17 0.09 0.14 0.02 0.05 0.11 0.12 0.14 0.13 0.15
Financial Leverage
0.16 0.11 0.08 0.10 0.05 0.07 0.10 0.13 0.13 0.10 -0.03
Leverage Ratio
1.41 1.36 1.34 1.39 1.31 1.35 1.43 1.48 1.46 1.43 1.41
Compound Leverage Factor
1.30 1.30 1.31 1.38 1.30 1.34 1.41 1.44 1.42 1.40 1.37
Debt to Total Capital
24.77% 15.81% 8.26% 12.10% 2.00% 4.95% 10.31% 10.63% 12.07% 11.24% 12.71%
Short-Term Debt to Total Capital
1.48% 1.63% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
23.29% 14.18% 8.26% 12.10% 2.00% 4.95% 10.31% 10.63% 12.07% 11.24% 12.71%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
75.23% 84.19% 91.74% 87.90% 98.00% 95.05% 89.69% 89.37% 87.93% 88.76% 87.29%
Debt to EBITDA
1.01 0.57 0.24 0.34 0.06 0.14 0.31 0.35 0.45 0.44 0.64
Net Debt to EBITDA
1.00 0.54 0.22 0.30 -0.04 0.11 0.22 0.23 0.43 0.40 0.54
Long-Term Debt to EBITDA
0.95 0.51 0.24 0.34 0.06 0.14 0.31 0.35 0.45 0.44 0.64
Debt to NOPAT
1.65 0.91 0.37 0.54 0.09 0.21 0.45 0.52 0.69 0.69 1.11
Net Debt to NOPAT
1.63 0.87 0.34 0.48 -0.07 0.16 0.32 0.33 0.66 0.64 0.94
Long-Term Debt to NOPAT
1.55 0.81 0.37 0.54 0.09 0.21 0.45 0.52 0.69 0.69 1.11
Altman Z-Score
10.13 18.69 25.14 18.62 28.19 20.14 13.20 13.85 14.36 11.79 8.70
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
2.77 2.79 3.06 2.99 3.13 3.23 3.03 2.76 2.79 2.40 2.36
Quick Ratio
0.80 0.84 1.03 1.06 0.94 1.09 1.14 1.04 1.19 0.91 1.02
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-278 -183 -70 -67 -43 -91 -101 -75 -113 -83 -257
Operating Cash Flow to CapEx
-19.74% 0.88% 187.66% 115.80% 266.41% 241.89% 212.20% 173.91% 16.73% 143.95% 313.35%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 -180.69 0.00 0.00 0.00 -98.67 -89.48 -268.89
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 386.49 0.00 0.00 0.00 4.19 19.19 47.16
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 241.41 0.00 0.00 0.00 -20.88 5.86 32.11
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
1.12 1.13 1.22 1.23 1.28 1.33 1.29 1.23 1.23 1.21 1.18
Accounts Receivable Turnover
9.18 8.41 7.96 7.88 8.61 8.81 7.59 7.52 7.08 8.98 7.99
Inventory Turnover
4.40 4.01 3.97 3.82 3.79 3.73 3.84 3.86 4.07 3.96 4.16
Fixed Asset Turnover
2.67 2.73 3.08 3.14 3.26 3.46 3.42 3.27 3.29 3.16 2.87
Accounts Payable Turnover
18.78 22.28 27.25 24.89 33.36 21.08 19.12 21.40 21.52 17.47 15.69
Days Sales Outstanding (DSO)
39.76 43.40 45.86 46.34 42.40 41.43 48.09 48.53 51.58 40.64 45.68
Days Inventory Outstanding (DIO)
82.94 91.07 91.97 95.53 96.25 97.82 95.16 94.62 89.70 92.26 87.82
Days Payable Outstanding (DPO)
19.44 16.38 13.39 14.67 10.94 17.31 19.09 17.06 16.96 20.89 23.26
Cash Conversion Cycle (CCC)
103.27 118.09 124.43 127.21 127.71 121.94 124.15 126.09 124.31 112.02 110.23
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
1,082 973 862 830 772 765 738 711 690 626 589
Invested Capital Turnover
1.36 1.38 1.51 1.55 1.59 1.68 1.68 1.61 1.58 1.58 1.73
Increase / (Decrease) in Invested Capital
310 208 124 119 82 139 149 122 151 123 285
Enterprise Value (EV)
6,641 9,713 8,802 7,262 7,137 6,009 4,677 5,171 5,222 4,038 2,900
Market Capitalization
6,375 9,565 8,736 7,172 7,150 5,980 4,621 5,120 5,141 3,973 2,835
Book Value per Share
$10.00 $10.15 $9.84 $9.01 $9.61 $9.05 $12.54 $12.17 $11.39 $10.54 $9.85
Tangible Book Value per Share
$8.03 $8.17 $7.88 $7.09 $7.74 $7.20 $9.90 $9.50 $8.67 $7.79 $7.08
Total Capital
1,084 979 869 842 801 774 761 739 693 632 600
Total Debt
269 155 72 102 16 38 78 79 84 71 76
Total Long-Term Debt
253 139 72 102 16 38 78 79 84 71 76
Net Debt
266 148 65 90 -12 29 56 51 81 65 65
Capital Expenditures (CapEx)
47 96 34 31 35 21 22 32 29 12 14
Debt-free, Cash-free Net Working Capital (DFCFNWC)
379 323 281 270 239 273 262 243 243 198 183
Debt-free Net Working Capital (DFNWC)
381 329 288 282 267 282 285 271 246 204 194
Net Working Capital (NWC)
365 313 288 282 267 282 285 271 246 204 194
Net Nonoperating Expense (NNE)
2.37 1.02 0.82 0.15 0.14 0.56 0.89 1.18 0.88 0.70 0.69
Net Nonoperating Obligations (NNO)
266 148 65 90 -12 29 56 51 81 65 65
Total Depreciation and Amortization (D&A)
19 18 17 15 13 13 12 11 10 9.63 9.38
Debt-free, Cash-free Net Working Capital to Revenue
30.05% 26.89% 23.26% 22.58% 20.49% 23.38% 23.49% 23.19% 25.03% 22.23% 23.70%
Debt-free Net Working Capital to Revenue
30.23% 27.43% 23.81% 23.59% 22.93% 24.15% 25.51% 25.84% 25.34% 22.90% 25.16%
Net Working Capital to Revenue
28.96% 26.10% 23.81% 23.59% 22.93% 24.15% 25.51% 25.84% 25.34% 22.90% 25.16%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.36 $0.30 $0.65 $0.64 $0.48 $0.58 $0.59 $0.56 $0.46 $0.33 $0.35
Adjusted Weighted Average Basic Shares Outstanding
81.47M 81.47M 81.09M 81.79M 81.66M 81.16M 81.42M 81.44M 80.46M 119.37M 79.78M
Adjusted Diluted Earnings per Share
$0.35 $0.30 $0.63 $0.62 $0.46 $0.58 $0.58 $0.55 $0.45 $0.33 $0.34
Adjusted Weighted Average Diluted Shares Outstanding
83.35M 83.63M 83.11M 83.79M 84.04M 83.30M 83.39M 83.47M 82.86M 121.72M 80.94M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.30 $0.00 $0.00 $0.00 $0.58 $0.00 $0.00 $0.00 $0.33 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
81.37M 81.60M 81.28M 81.01M 82.21M 81.58M 81.24M 81.61M 81.38M 80.22M 79.80M
Normalized Net Operating Profit after Tax (NOPAT)
32 26 53 52 39 48 49 47 38 40 28
Normalized NOPAT Margin
9.82% 8.63% 16.33% 16.70% 14.93% 15.53% 15.69% 16.51% 14.18% 15.55% 11.61%
Pre Tax Income Margin
10.09% 9.49% 19.71% 21.37% 17.86% 20.59% 20.35% 18.79% 16.23% 17.98% 14.76%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 196.85 0.00 0.00 0.00 38.54 50.06 38.53
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 163.81 0.00 0.00 0.00 32.78 42.45 29.52
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 51.78 0.00 0.00 0.00 13.47 36.72 23.47
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 18.74 0.00 0.00 0.00 7.71 29.12 14.47
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
17.39% 15.47% 13.66% 14.23% 14.76% 14.89% 19.33% 24.13% 24.66% 22.83% 29.67%
Augmented Payout Ratio
100.23% 74.82% 66.05% 81.32% 14.76% 28.97% 36.92% 28.71% 24.66% 35.52% 50.08%

Frequently Asked Questions About AAON's Financials

When does AAON's financial year end?

According to the most recent income statement we have on file, AAON's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has AAON's net income changed over the last 9 years?

AAON's net income appears to be on an upward trend, with a most recent value of $168.56 million in 2024, rising from $45.73 million in 2015. The previous period was $177.62 million in 2023. Find out what analysts predict for AAON in the coming months.

What is AAON's operating income?
AAON's total operating income in 2024 was $209.12 million, based on the following breakdown:
  • Total Gross Profit: $397.11 million
  • Total Operating Expenses: $187.99 million
How has AAON revenue changed over the last 9 years?

Over the last 9 years, AAON's total revenue changed from $358.63 million in 2015 to $1.20 billion in 2024, a change of 234.8%.

How much debt does AAON have?

AAON's total liabilities were at $350.65 million at the end of 2024, a 70.0% increase from 2023, and a 550.1% increase since 2015.

How much cash does AAON have?

In the past 9 years, AAON's cash and equivalents has ranged from $14 thousand in 2024 to $79.03 million in 2020, and is currently $14 thousand as of their latest financial filing in 2024.

How has AAON's book value per share changed over the last 9 years?

Over the last 9 years, AAON's book value per share changed from 3.31 in 2015 to 10.15 in 2024, a change of 206.7%.



This page (NASDAQ:AAON) was last updated on 5/28/2025 by MarketBeat.com Staff
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