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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,316	1,201	1,169	888.79	534.52	514.55
Revenue Growth (YoY)	8.77%	2.75%	31.47%	66.28%	3.88%	9.63%
Cost of Revenue	962.01	803.53	769.5	651.22	396.69	358.7
Gross Profit	353.57	397.11	399.02	237.57	137.83	155.85
Selling, General & Admin	192.75	165.79	149.04	110.82	68.6	60.49
Operating Expenses	220.38	186.33	162.8	110.82	68.6	60.49
Operating Income	133.19	210.78	236.22	126.75	69.23	95.36
Interest Expense	-13.17	-2.91	-4.84	-2.63	-0.13	-
Interest & Investment Income	-	-	-	-	-	0.09
Other Non Operating Income (Expenses)	-1.33	-1.3	-0.74	0.4	0.06	0.05
EBT Excluding Unusual Items	118.68	206.57	230.64	124.52	69.16	95.5
Gain (Loss) on Sale of Assets	0.01	0.02	0.01	0.01	0.02	6.48
Legal Settlements	-	-	-7.5	-	-	-
Pretax Income	118.7	206.59	223.15	124.53	69.18	101.98
Income Tax Expense	18.45	38.03	45.53	24.16	10.42	22.97
Net Income	100.25	168.56	177.62	100.38	58.76	79.01
Net Income to Common	100.25	168.56	177.62	100.38	58.76	79.01
Net Income Growth	-47.49%	-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)	-0.32%	0.40%	2.65%	0.69%	1.26%	0.81%
EPS (Basic)	1.23	2.07	2.19	1.26	0.75	1.01
EPS (Diluted)	1.21	2.02	2.13	1.24	0.73	0.99
EPS Growth	-46.91%	-5.16%	71.77%	69.86%	-26.51%	46.07%
Free Cash Flow	-242.3	-3.13	54.6	-14.71	5.82	61.01
Free Cash Flow Per Share	-2.91	-0.04	0.66	-0.18	0.07	0.77
Dividend Per Share	0.380	0.320	0.320	0.290	0.260	0.253
Dividend Growth	18.75%	-	10.35%	11.54%	2.65%	18.75%
Gross Margin	26.88%	33.07%	34.15%	26.73%	25.79%	30.29%
Operating Margin	10.12%	17.55%	20.22%	14.26%	12.95%	18.53%
Profit Margin	7.62%	14.04%	15.20%	11.29%	10.99%	15.35%
Free Cash Flow Margin	-18.42%	-0.26%	4.67%	-1.65%	1.09%	11.86%
EBITDA	209.58	273.51	282.69	161.86	99.58	120.99
EBITDA Margin	15.93%	22.78%	24.19%	18.21%	18.63%	23.51%
D&A For EBITDA	76.39	62.74	46.47	35.11	30.34	25.63
EBIT	133.19	210.78	236.22	126.75	69.23	95.36
EBIT Margin	10.12%	17.55%	20.22%	14.26%	12.95%	18.53%
Effective Tax Rate	15.54%	18.41%	20.40%	19.40%	15.07%	22.52%
Advertising Expenses	-	3.28	2.59	2.4	1.6	0.8

Updated Nov 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q