Aaon financials
$85.11−0.28%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.44B | $1.20B | $1.17B | $888.8M | $534.5M | $514.6M | $469.3M | $433.9M | $405.2M | $384.0M |
| Gross profit | $385.7M | $397.1M | $399.0M | $237.6M | $137.8M | $155.8M | $119.4M | $103.5M | $123.7M | $118.1M |
| Gross margin | 26.7% | 33.1% | 34.1% | 26.7% | 25.8% | 30.3% | 25.4% | 23.9% | 30.5% | 30.8% |
| Operating income | $146.2M | $209.1M | $227.5M | $126.7M | $69.2M | $95.4M | $67.3M | $55.3M | $74.3M | $79.6M |
| Net income | $107.6M | $168.6M | $177.6M | $100.4M | $58.8M | $79.0M | $53.7M | $42.3M | $53.8M | $53.4M |
| Net margin | 7.5% | 14.0% | 15.2% | 11.3% | 11.0% | 15.4% | 11.4% | 9.8% | 13.3% | 13.9% |
| Diluted EPS | $1.29 | $2.02 | $2.13 | $1.24 | $0.73 | $0.99 | $0.68 | $0.53 | $0.67 | $0.67 |
| EBITDA | $225.4M | $271.8M | $273.9M | $161.9M | $99.6M | $121.0M | $90.1M | $73.0M | $89.3M | $92.9M |
| Operating cash flow | $534.0K | $192.5M | $158.9M | $61.4M | $61.2M | $128.8M | $98.0M | $54.9M | $58.1M | $64.0M |
| Free cash flow | -$190.0M | -$3.1M | $54.6M | -$14.7M | $5.9M | $61.0M | $60.8M | $17.6M | $16.3M | $37.4M |
| Diluted shares | 83.1M | 83.6M | 83.3M | 81.1M | 80.6M | 79.6M | 79.0M | 79.0M | 79.6M | 80.2M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $13.0K | $14.0K | $287.0K | $5.5M | $2.9M | $79.0M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $405.9M | $154.9M | $38.3M | $71.0M | $46.4M | $6.4M |
| Total assets | $1.69B | $1.18B | $941.4M | $813.9M | $650.2M | $449.0M |
| Total liabilities | $791.5M | $350.7M | $206.2M | $253.2M | $184.0M | $98.1M |
| Shareholders' equity | $895.0M | $824.6M | $735.2M | $560.7M | $466.2M | $350.9M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology