AAON, Inc. (AAON)

AAON, Inc. Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,259	1,201	1,169	888.79	534.52	514.55
Revenue Growth (YoY)	5.39%	2.75%	31.47%	66.28%	3.88%	9.63%
Cost of Revenue	897.73	803.53	769.5	651.22	396.69	358.7
Gross Profit	360.87	397.11	399.02	237.57	137.83	155.85
Selling, General & Admin	179.4	165.79	149.04	110.82	68.6	60.49
Operating Expenses	206.03	186.33	162.8	110.82	68.6	60.49
Operating Income	154.84	210.78	236.22	126.75	69.23	95.36
Interest Expense	-9.11	-2.91	-4.84	-2.63	-0.13	-
Interest & Investment Income	-	-	-	-	-	0.09
Other Non Operating Income (Expenses)	-1.01	-1.3	-0.74	0.4	0.06	0.05
EBT Excluding Unusual Items	144.72	206.57	230.64	124.52	69.16	95.5
Gain (Loss) on Sale of Assets	0.05	0.02	0.01	0.01	0.02	6.48
Legal Settlements	-	-	-7.5	-	-	-
Pretax Income	144.76	206.59	223.15	124.53	69.18	101.98
Income Tax Expense	22.67	38.03	45.53	24.16	10.42	22.97
Net Income	122.09	168.56	177.62	100.38	58.76	79.01
Net Income to Common	122.09	168.56	177.62	100.38	58.76	79.01
Net Income Growth	-34.49%	-5.10%	76.96%	70.83%	-25.63%	47.10%
Shares Outstanding (Basic)	82	81	81	80	79	78
Shares Outstanding (Diluted)	83	84	83	81	81	80
Shares Change (YoY)	0.15%	0.40%	2.65%	0.69%	1.26%	0.81%
EPS (Basic)	1.50	2.07	2.19	1.26	0.75	1.01
EPS (Diluted)	1.47	2.02	2.13	1.24	0.73	0.99
EPS Growth	-34.02%	-5.16%	71.77%	69.86%	-26.51%	46.07%
Free Cash Flow	-179.21	-3.13	54.6	-14.71	5.82	61.01
Free Cash Flow Per Share	-2.15	-0.04	0.66	-0.18	0.07	0.77
Dividend Per Share	0.360	0.320	0.320	0.290	0.260	0.253
Dividend Growth	12.50%	-	10.35%	11.54%	2.65%	18.75%
Gross Margin	28.67%	33.07%	34.15%	26.73%	25.79%	30.29%
Operating Margin	12.30%	17.55%	20.22%	14.26%	12.95%	18.53%
Profit Margin	9.70%	14.04%	15.20%	11.29%	10.99%	15.35%
Free Cash Flow Margin	-14.24%	-0.26%	4.67%	-1.65%	1.09%	11.86%
EBITDA	228.53	273.51	282.69	161.86	99.58	120.99
EBITDA Margin	18.16%	22.78%	24.19%	18.21%	18.63%	23.51%
D&A For EBITDA	73.69	62.74	46.47	35.11	30.34	25.63
EBIT	154.84	210.78	236.22	126.75	69.23	95.36
EBIT Margin	12.30%	17.55%	20.22%	14.26%	12.95%	18.53%
Effective Tax Rate	15.66%	18.41%	20.40%	19.40%	15.07%	22.52%
Advertising Expenses	-	3.28	2.59	2.4	1.6	0.8

Updated Aug 11, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q