Aaon, Inc.

Industrials
Industrial Machinery/Components
www.aaon.com

Earnings Score
Moat Score

Market Cap $10.56B
PE 55
Debt $NaN
Cash $6.67M
EV $NaN
FCF $NaN

Earnings

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Sales & Net Margins

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Earnings	$190.92M
EBIT	$243.57M
ROE	24%
ROA	24%
Equity	$796.86M
Growth Stability	83%
PE	55.31
PEG	1.84
PB	13.25
P/S	8.73
Price/Cash	0
Net Margins	16%
Gross Margins	36%
Op. Margins	20%
Earnings CAGR	16%
Sales Growth YoY	5%
Sales Growth QoQ	4%
Sales CAGR	15%
FCF CAGR	-1%
Equity CAGR	18%
Earnings Stability	0.69
Earnings Growth YoY	9%
Earnings Growth QoQ	1%
Earnings CAGR 5Y	30%

Sales CAGR 5Y	27%
FCF CAGR 5Y	-11%
Equity CAGR 5Y	25%
Earnings CAGR 3Y	36%
Sales CAGR 3Y	36%
FCF CAGR 3Y	10%
Equity CAGR 3Y	24%
Market Cap	$10.56B
Revenue	$1.21B
Dividend Yield	0%
Payout Ratio	14%
Assets	$1.03B
Cash	$6.67M
Shares Outstanding	81.09M
Earnings Score	90%
Moat Score	96%
Working Capital	288M
Current Ratio	3.06
Gross Profit	$431.23M
Shares Growth 3y	1%
Equity Growth QoQ	8%
Equity Growth YoY	17%

Assets & ROA

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Stockholders Equity & ROE

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AAON is a manufacturer of air-conditioning and heating equipment. The products include rooftop units, chillers, packaged outdoor mechanical rooms, air-handling units, makeup air units, energy-recovery units, condensing units, geothermal heat pumps, and self-contained units and coils. AAON's products serve the commercial and industrial new construction and replacement markets, primarily in North America.

SEC Filings

Direct access to Aaon, Inc. (AAON) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Aaon, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Aaon, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 16%

Stability 69%

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Aaon, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Aaon, Inc..

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	12%	13%	14%	13%	10%	11%	15%	11%	11%	15%	16%
ROA	-	31%	31%	25%	18%	18%	23%	11%	16%	24%	24%
ROE	-	26%	26%	23%	17%	19%	23%	13%	18%	24%	24%

Good Net Margins (15.93%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-	-	-	-	-
Growth Stability	-	-	-	100%	83%	100%	100%	100%	100%	100%	83%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Neutral Graham’s Stability (83%)

The company has a stability in its earnings that is not too good nor too bad.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	1%	7%	6%	7%	8%	10%	4%	66%	31%	27%
Earnings YoY growth	-	4%	17%	2%	-22%	26%	47%	-26%	71%	77%	30%
Equity YoY growth	-	3%	15%	15%	4%	17%	21%	33%	20%	31%	25%
FCF YoY growth	-	-12%	17%	-56%	8%	245%	0%	-90%	25%	-	-11%