AAON AAON

$ 73.73 0.08%

Quarterly report 2026-Q2
added 08-10-2026

AAON Income Statement 2025-2008 | AAON

Brief overview of financial performance at AAON

This overview is based on financial performance over the past five years. Revenue at AAON moved from 515 million dollars in 2020 to 1.4 billion dollars in 2025. Overall revenue changed by +180.3%, equal to an annualized rate of about 22.9%. The company expanded its revenue base at a high speed.

At the gross-profit level, the result moved from 156 million dollars to 386 million dollars, a change of +147.5%. The cost base moved against the top-line trend and weighed on the gross result. Comparing the endpoints gives gross margins of 30.3% and 26.7%. Weakening gross profitability reduces the quality of the top-line trend.

Over the period, EBITDA shifted from 127 million dollars to 225 million dollars, a change of +76.9%. The operating result developed less favorably than sales. Comparing the endpoints gives EBITDA margins of 24.8% and 15.6%. A lower EBITDA share weakens the quality of the result.

Net profit was 79 million dollars at the start and 108 million dollars at the end. There was no meaningful strengthening in net profitability.

The market value of the business moved from 4 billion dollars to 8.5 billion dollars, or +114.1%. The market value rose well beyond the pace of financial improvement.

Financial takeaway

The financial profile remains mixed, with strengths and risks moving in different directions. The positive side is supported by net-income growth and a larger revenue base. The most visible risks are a declining EBITDA margin and a lower gross margin. Investors should continue to monitor margins, costs, and earnings quality.

Annual Income Statement AAON

	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Market Cap	8.54 B	6.5 B	7.08 B	6.45 B	4.59 B	3.99 B	2.83 B	1.89 B	1.89 B	1.79 B	1.16 B	1.2 B	757 M	554 M	502 M	115 M	107 M	-
Shares	81.5 M	81.5 M	81.2 M	79.6 M	78.6 M	52.2 M	52.1 M	52.3 M	52.6 M	52.9 M	54 M	54.8 M	36.7 M	55.2 M	55.6 M	25.2 M	25.8 M	-
Historical Prices	105	79.8	87.2	81.1	58.4	76.4	54.2	39	35.6	32.4	23.7	21.3	18.7	9.97	7.56	4.58	4.17	4.08
Net Income	108 M	169 M	178 M	100 M	58.8 M	79 M	53.7 M	42.6 M	54.5 M	53.4 M	45.7 M	44.2 M	37.5 M	27.4 M	14 M	21.9 M	27.7 M	-
Revenue	1.44 B	1.2 B	1.17 B	889 M	535 M	515 M	469 M	434 M	405 M	384 M	359 M	356 M	321 M	303 M	266 M	-	-	-
Cost of Revenue	1.06 B	804 M	769 M	651 M	397 M	359 M	350 M	330 M	282 M	-	-	-	-	-	-	-	-	-
Gross Profit	386 M	397 M	399 M	238 M	138 M	156 M	119 M	104 M	123 M	118 M	109 M	108 M	89.8 M	70.5 M	46.3 M	55.2 M	67.5 M	-
Operating Income	146 M	209 M	227 M	127 M	69.3 M	102 M	67 M	55.4 M	74.2 M	79.6 M	71.3 M	68 M	55.8 M	44.2 M	22.2 M	32.7 M	43.8 M	-
Interest Expense	230 K	378 K	503 K	399 K	61 K	51 K	-46 K	-47 K	91 K	105 K	-124 K	-36 K	248 K	44 K	277 K	45 K	9 K	-
EBITDA	225 M	272 M	274 M	162 M	99.6 M	127 M	70.1 M	57.8 M	75.8 M	80.7 M	72.6 M	72.8 M	68.1 M	57.6 M	35.4 M	42.6 M	52.8 M	-
Operating Expenses	-	-	-	-	-	-	50.8 M	46.6 M	48.3 M	38.2 M	37 M	36.4 M	34 M	26.3 M	22.3 M	-	-	-
General and Administrative Expenses	239 M	188 M	172 M	111 M	68.6 M	60.5 M	48.5 M	44.9 M	45.9 M	36 M	34.9 M	34.5 M	33 M	26.3 M	22.3 M	22.5 M	23.8 M	-

All numbers in USD currency

Quarterly Income Statement AAON

	2026-Q2	2026-Q1	2025-Q4	2025-Q3	2025-Q2	2025-Q1	2024-Q4	2024-Q3	2024-Q2	2024-Q1	2023-Q4	2023-Q3	2023-Q2	2023-Q1	2022-Q4	2022-Q3	2022-Q2	2022-Q1	2021-Q4	2021-Q3	2021-Q2	2021-Q1	2020-Q4	2020-Q3	2020-Q2	2020-Q1	2019-Q4	2019-Q3	2019-Q2	2019-Q1	2018-Q4	2018-Q3	2018-Q2	2018-Q1	2017-Q4	2017-Q3	2017-Q2	2017-Q1	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2012-Q2	2012-Q1	2011-Q4	2011-Q3	2011-Q2	2011-Q1
Shares	81.4 M	81.8 M	-	81.5 M	81.4 M	81.5 M	81.4 M	81.1 M	81.8 M	81.7 M	81.5 M	81.4 M	81.4 M	80.5 M	80.1 M	79.8 M	53.1 M	52.6 M	52.5 M	52.4 M	52.4 M	52.3 M	52.2 M	52.3 M	52.1 M	52.1 M	52.1 M	52.1 M	52.1 M	52 M	52.1 M	52.2 M	52.4 M	52.4 M	52.4 M	52.6 M	52.6 M	52.6 M	52.7 M	52.9 M	53 M	53.1 M	53 M	54.2 M	54.2 M	54.1 M	54 M	54.9 M	55 M	55 M	55.1 M	55.1 M	55.1 M	36.8 M	36.8 M	36.8 M	36.8 M	24.6 M	24.6 M	24.7 M	24.7 M	24.7 M
Net Income	15.5 M	39.8 M	-	30.8 M	15.5 M	29.3 M	-	52.6 M	52.2 M	39 M	-	48.1 M	45.7 M	36.8 M	-	27.5 M	15.9 M	18.1 M	-	15.6 M	20.6 M	16.4 M	18.9 M	20.5 M	17.8 M	21.9 M	17.3 M	14.3 M	13.4 M	8.76 M	13 M	14.5 M	11.7 M	3.15 M	15.8 M	14.7 M	13.8 M	10.2 M	11.4 M	15.7 M	14.7 M	11.6 M	12.9 M	13.3 M	11.1 M	8.4 M	10.5 M	12.4 M	11.4 M	9.82 M	7.77 M	10.5 M	12.1 M	7.14 M	7.58 M	6.01 M	9.3 M	4.57 M	871 K	5.63 M	3.84 M	3.65 M
Revenue	312 M	497 M	-	384 M	312 M	322 M	-	327 M	314 M	262 M	-	312 M	284 M	266 M	-	243 M	209 M	183 M	-	139 M	144 M	116 M	117 M	135 M	126 M	137 M	123 M	114 M	119 M	114 M	112 M	113 M	110 M	99.1 M	-	114 M	101 M	86.1 M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of Revenue	2.04 M	372 M	-	277 M	229 M	236 M	-	213 M	200 M	170 M	-	196 M	190 M	189 M	-	177 M	161 M	137 M	-	103 M	102 M	82.6 M	-	93.9 M	87.5 M	94.5 M	-	86.1 M	89.2 M	88.4 M	84.5 M	80.1 M	81.9 M	83.9 M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	82.7 M	125 M	-	107 M	82.7 M	86.4 M	-	114 M	113 M	92.2 M	-	116 M	94 M	77.2 M	-	65.6 M	47.4 M	46.1 M	-	36 M	42.1 M	33.2 M	33.9 M	40.8 M	38.1 M	42.9 M	36.4 M	27.4 M	30.2 M	25.4 M	27.8 M	32.8 M	27.7 M	15.2 M	31.1 M	35.7 M	31.7 M	25 M	26.5 M	33.1 M	32.7 M	25.7 M	29.6 M	30.2 M	27.1 M	21.8 M	25.2 M	33.4 M	27.9 M	21.8 M	20.2 M	26.6 M	27.7 M	15.3 M	18.7 M	17.1 M	21.1 M	13.5 M	8.65 M	14.3 M	11.7 M	11.6 M
Operating Income	23.6 M	57.1 M	-	43.6 M	23.6 M	35.1 M	-	65.5 M	67.2 M	47 M	-	64.7 M	54.7 M	44.2 M	-	36.7 M	20.5 M	23 M	-	20.1 M	25.2 M	18.5 M	-	26.1 M	22.2 M	27.8 M	-	15 M	17.3 M	11.5 M	17.1 M	20.2 M	14.5 M	3.55 M	-	22.6 M	19.7 M	14.5 M	-	22.7 M	22.2 M	16.8 M	-	20.2 M	17.9 M	13.5 M	-	19.5 M	17.3 M	14.2 M	-	16.9 M	18.6 M	8.34 M	-	10.4 M	14.2 M	7.56 M	-	8.81 M	6.04 M	6.1 M
Interest Expense	-4.01 M	77 K	-	-	-68 K	174 K	-	81 K	175 K	77 K	-	93 K	163 K	114 K	-	54 K	220 K	21 K	-	-19 K	39 K	17 K	-	15 K	32 K	-27 K	-	-7 K	17 K	-26 K	-58 K	5 K	12 K	-6 K	-	41 K	34 K	11 K	-	-12 K	10 K	117 K	-	-58 K	27 K	-75 K	-	-43 K	34 K	-21 K	-	1 K	-	1 K	-	16 K	11 K	16 K	-	59 K	104 K	10 K
EBITDA	25.3 M	78 M	-	62 M	41.8 M	54.1 M	-	80.2 M	79.9 M	60.4 M	-	76 M	55.6 M	54.5 M	-	37.6 M	21.4 M	30.1 M	-	42.7 M	40.1 M	25.9 M	-	45.1 M	34.5 M	33.8 M	-	32.7 M	29 M	17.4 M	17.1 M	33 M	23 M	7.68 M	-	33.6 M	26.9 M	18.1 M	-	32.2 M	28.5 M	20 M	-	28.7 M	23.5 M	16.3 M	-	28.2 M	23 M	17 M	-	26.3 M	24.9 M	11.5 M	-	20.5 M	20.9 M	11 M	-	17 M	11.5 M	8.8 M
General and Administrative Expenses	59.1 M	67.9 M	-	63.2 M	59.1 M	51.3 M	-	48.6 M	45.9 M	45.3 M	-	51.5 M	39.3 M	32.9 M	-	28.9 M	26.9 M	23.1 M	-	15.9 M	16.9 M	14.7 M	-	14.7 M	15.9 M	15.2 M	-	12.4 M	12.9 M	13.7 M	10.7 M	12.7 M	13.2 M	11.7 M	-	13 M	12 M	10.5 M	-	10.4 M	10.6 M	8.91 M	-	10.1 M	9.2 M	8.32 M	-	13.8 M	10.6 M	7.63 M	-	9.69 M	9.09 M	6.97 M	-	6.75 M	6.9 M	5.98 M	-	5.45 M	5.71 M	5.54 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company AAON (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

How much revenue the company earned
How much it spent on production, personnel, marketing, taxes, etc.
What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features

The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

Reports on the profits and losses of other stocks in the Building materials industry

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AAON Income Statement 2025-2008 | AAON

Brief overview of financial performance at AAON

Financial takeaway

Annual Income Statement AAON

Market Cap

Shares

Historical Prices

Net Income

Revenue

Cost of Revenue

Gross Profit

Operating Income

Interest Expense

EBITDA

Operating Expenses

General and Administrative Expenses

Annual performance