AAON
$73.92-1.88%
AAON financial statements
The full income statement, balance sheet, and cash-flow statement for AAON Inc. (AAON), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 81.0M2024-09 81.3M2024-12 81.6M2025-03 81.4M2025-06 81.5M2025-09 81.6M2025-12 81.5M2026-03 81.9M2026-06 82.5M+1.8% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 1.44B+20.1% | 1.20B+2.7% | 1.17B+31.5% | 889M+66.3% | 535M+3.9% | |
| 386M-2.9% | 397M-0.5% | 399M+68.0% | 238M+72.4% | 138M-11.6% | ||
| Cost of revenue | 1.06B+31.5% | 804M+4.4% | 769M+18.2% | 651M+64.2% | 397M+10.6% | |
| Research & development | 58.2M+23.0% | 47.3M+8.2% | 43.7M-6.6% | 46.8M+181.9% | 16.6M-4.6% | |
| Selling, general & administrative | 239M+27.4% | 188M+9.6% | 172M+54.8% | 111M+61.6% | 68.6M+13.4% | |
| Amortization of intangibles | 6.89M-17.7% | 8.38M+57.1% | 5.33M+48.1% | 3.60M+1363.0% | 246K+5.1% | |
| Provision for credit losses | 70.0K-90.2% | 715K+564.3% | -154K-113.9% | -72.0K-267.4% | 43.0K-71.9% | |
| Operating income | 146M-30.1% | 209M-8.1% | 227M+79.5% | 127M+83.0% | 69.3M-32.0% | |
| Net interest income | -17.7M-510.2% | -2.90M+40.0% | -4.84M-84.4% | -2.63M-1890.2% | -132K-250.0% | |
| Other non-operating income | 230K-39.2% | 378K-24.9% | 503K+26.1% | 399K+554.1% | 61.0K+19.6% | |
| Pre-tax income | 129M-37.7% | 207M-7.4% | 223M+79.2% | 125M+80.0% | 69.2M-32.2% | |
| Income tax | 21.2M-44.4% | 38.0M-16.5% | 45.5M+88.5% | 24.2M+131.7% | 10.4M-54.6% | |
| Net income | 108M-36.2% | 169M-5.1% | 178M+77.0% | 100M+70.8% | 58.8M-25.6% | |
| $1.29-36.1% | $2.02-5.2% | $2.13+71.8% | $1.24+69.9% | $0.73-26.5% | ||
| EPS (basic) | $1.32-36.2% | $2.07-5.5% | $2.19+73.8% | $1.26+68.0% | $0.75-25.5% | |
| Weighted-avg shares (basic) | 81.5M+0.1% | 81.5M+0.4% | 81.2M+2.0% | 79.6M+1.2% | 78.6M+0.5% | |
| Weighted-avg shares (diluted) | 83.1M-0.6% | 83.6M+0.4% | 83.3M+2.6% | 81.1M+0.7% | 80.6M+1.3% | |
| Dividends per share | $0.40+25.0% | $0.32+0.0% | $0.32+10.3% | $0.29+16.0% | $0.25-1.3% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 869M+78.0% | 488M+19.4% | 409M+17.1% | 349M+60.1% | 218M-1.0% | ||
| Cash & equivalents | 13.0K-99.9% | 14.0M+4778.0% | 287K-94.7% | 5.45M+90.7% | 2.86M-96.4% | |
| Accounts receivable | 314M+113.2% | 147M+6.8% | 138M+8.6% | 127M+79.7% | 70.8M+49.4% | |
| Inventory | 261M+39.3% | 187M-12.2% | 214M+7.3% | 199M+52.7% | 130M+58.4% | |
| Prepaid expenses | 17.9M+145.2% | 7.31M+136.0% | 3.10M+61.4% | 1.92M-7.3% | 2.07M-45.1% | |
| 1.69B+43.5% | 1.18B+24.8% | 941M+15.7% | 814M+25.2% | 650M+44.8% | ||
| Property, plant & equipment | 631M+23.7% | 510M+38.0% | 370M+21.4% | 305M+18.1% | 258M+15.5% | |
| Operating lease right-of-use | 18.0M+16.5% | 15.4M+31.1% | 11.8M+65.3% | 7.12M-58.0% | 17.0M+980.5% | |
| Goodwill | — | — | 81.9M+0.0% | 81.9M-4.5% | 85.7M+2554.9% | |
| Intangible assets | 83.9M+7.2% | 78.3M+15.0% | 68.1M+5.3% | 64.6M-7.9% | 70.1M+184428.9% | |
| Deferred tax assets | 0.00-100.0% | 836K | 0.00 | — | — | |
| Other non-current assets | 2.28M+842.6% | 242K-70.3% | 816K-87.3% | 6.42M+428.0% | 1.22M+110.0% | |
| 331M+89.2% | 175M+38.0% | 127M-12.9% | 146M+67.8% | 86.8M+47.0% | ||
| Accounts payable | 110M+147.4% | 44.6M+62.4% | 27.5M-39.6% | 45.5M+56.8% | 29.0M+133.1% | |
| Accrued liabilities | 132M+33.1% | 99.3M+16.2% | 85.5M+8.7% | 78.6M+56.6% | 50.2M+7.8% | |
| Deferred revenue | 80.7M+440.9% | 14.9M+8.4% | 13.8M-35.8% | 21.4M+184.1% | 7.54M | |
| Short-term & current debt | 0.00-100.0% | 16.0M | 0.00 | — | — | |
| Current lease liability | 3.26M+31.5% | 2.48M+22.8% | 2.02M+61.2% | 1.25M-20.6% | 1.58M+682.2% | |
| Finance lease liability (current) | — | — | — | — | 0.00 | |
| Non-current lease liability | 15.5M+14.3% | 13.6M+33.2% | 10.2M+70.2% | 5.99M-61.3% | 15.5M+1029.8% | |
| Finance lease liability | — | — | — | — | 0.00 | |
| Deferred tax liabilities | 30.3M | 0.00-100.0% | 12.1M-35.0% | 18.7M-41.7% | 32.0M+13.0% | |
| Other non-current liabilities | 23.3M+12.3% | 20.7M+23.4% | 16.8M+46.0% | 11.5M-38.9% | 18.8M+326.0% | |
| 895M+8.5% | 825M+12.2% | 735M+31.1% | 561M+20.3% | 466M+32.9% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 327K+0.3% | 326K+0.0% | 326K+1.2% | 322K+53.3% | 210K+0.5% | |
| Additional paid-in capital | 64.4M-6.7% | 68.9M-43.5% | 122M+23.6% | 98.7M+20.9% | 81.7M+1482.1% | |
| Retained earnings | 830M+9.9% | 755M+23.2% | 613M+32.7% | 462M+20.1% | 384M+11.2% | |
| Total equity incl. non-controlling | 895M+8.5% | 825M+12.2% | 735M+31.1% | 561M+20.3% | 466M+32.9% | |
| Total liabilities & equity | 1.69B+43.5% | 1.18B+24.8% | 941M+15.7% | 814M+25.2% | 650M+44.8% | |
| Common shares issued | 81.7M+0.3% | 81.4M-0.1% | 81.5M+1.7% | 80.1M+1.7% | 78.8M+0.6% | |
| Common shares outstanding | 81.7M+0.3% | 81.4M-0.1% | 81.5M+1.7% | 80.1M+1.7% | 78.8M+0.6% | |
| Shares outstanding (cover) | 81.5M-0.1% | 81.6M+0.0% | 81.6M+1.7% | 80.2M+1.8% | 78.8M+0.5% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 534K-99.7% | 193M+21.2% | 159M+159.1% | 61.3M+0.2% | 61.2M-52.5% | ||
| Depreciation & amortization | 79.2M+26.2% | 62.7M+35.0% | 46.5M+32.4% | 35.1M+15.7% | 30.3M+18.4% | |
| Intangible amortization | 6.89M-17.7% | 8.38M+57.1% | 5.33M+48.1% | 3.60M+1363.0% | 246K+5.1% | |
| Share-based compensation | 18.0M+7.6% | 16.7M+2.1% | 16.4M+19.6% | 13.7M+16.0% | 11.8M+4.1% | |
| Deferred income taxes | 31.1M+571.5% | -6.61M-1.2% | -6.53M+51.0% | -13.3M-463.4% | 3.67M-71.8% | |
| Change in receivables | 167M+1563.4% | 10.0M+0.6% | 9.98M-82.3% | 56.3M+478.3% | 9.74M+149.0% | |
| Change in inventory | 73.9M+372.8% | -27.1M-266.9% | 16.2M-77.3% | 71.4M+55.4% | 46.0M+372.5% | |
| Change in payables | 52.9M+212.0% | 17.0M+192.6% | -18.3M-258.3% | 11.6M+6.2% | 10.9M+605.8% | |
| Other operating activities | -15.0K-275.0% | -4.00K+90.9% | -44.0K-728.6% | 7.00K | — | |
| -192M+9.7% | -213M-94.9% | -109M-43.4% | -76.2M+52.0% | -159M-159.0% | ||
| Capital expenditure | — | — | — | 54.0M-2.4% | 55.4M-18.3% | |
| Free cash flow | — | — | — | 7.29M+25.3% | 5.82M-90.5% | |
| Acquisitions | 0.00 | 0.00 | 0.00-100.0% | 249K-99.8% | 103M | |
| Proceeds from sale of PP&E | 40.0K+60.0% | 25.0K-80.6% | 129K+975.0% | 12.0K-36.8% | 19.0K-68.3% | |
| 187M+934.8% | 18.0M+138.8% | -46.5M-368.0% | 17.4M-7.4% | 18.7M+163.2% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 30.0M-70.0% | 100M+300.0% | 25.0M+96.3% | 12.7M-39.0% | 20.9M-30.6% | |
| Dividends paid | 32.6M+24.9% | 26.1M-1.1% | 26.4M+15.3% | 22.9M+15.1% | 19.9M+0.5% | |
| Interest paid | 16.6M+490.7% | 2.81M-41.6% | 4.82M+99.7% | 2.41M | 0.00 | |
| Income taxes paid | 12.9M-74.1% | 49.9M-21.2% | 63.4M+228.5% | 19.3M+144.5% | 7.89M-42.6% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 6.21B-35.3% | 9.60B+60.0% | 6.00B+49.8% | 4.01B-4.0% | 4.17B+19.8% | |
| P/E | 57.8×+1.4% | 57.0×+60.9% | 35.4×-40.2% | 59.2×-16.6% | 71.0×+61.0% | |
| P/S | 4.3×-46.1% | 8.0×+48.8% | 5.4×+3.4% | 5.2×-33.4% | 7.8×+15.3% | |
| P/B | 6.9×-40.4% | 11.6×+32.4% | 8.8×+15.0% | 7.6×-14.5% | 9.0×-9.9% | |
| P/FCF | 209.2×-35.3% | 323.2×+60.0% | 202.0× | — | 716.8×+1155.3% | |
| Earnings yield | 1.7%-1.4% | 1.8%-37.8% | 2.8%+67.2% | 1.7%+19.9% | 1.4%-37.9% | |
| FCF yield | 0.48%+54.5% | 0.31%-37.5% | 0.50% | — | 0.14%-92.0% | |
| Dividend yield | 0.52%+92.9% | 0.27%-37.2% | 0.43%-25.0% | 0.58%+22.3% | 0.47%-17.2% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: AAON’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all AAON filings on SEC EDGAR → Not investment advice.