AAON, INC.AAONEarnings & Financial Report
AAON, Inc. manufactures heating, ventilation, and air conditioning equipment for commercial and industrial indoor environments. AAON is headquartered in Tulsa, Oklahoma and has manufacturing facilities in Longview, TX, Parkville, MO, and Redmond, OR. AAON employs approximately 4,000 people worldwide and has annual sales in excess of $880 million.
Revenue
$297.7M
Gross Profit
$77.6M
Operating Profit
$29.4M
Net Profit
$24.7M
Gross Margin
26.1%
Operating Margin
9.9%
Net Margin
8.3%
YoY Growth
-2.9%
EPS
$0.31
AAON, INC. Q4 FY2024 Financial Summary
AAON, INC. reported revenue of $297.7M (down 2.9% YoY) for Q4 FY2024, with a net profit of $24.7M (down 47.5% YoY) (8.3% margin). Cost of goods sold was $220.1M, operating expenses totaled $48.2M.
Key Financial Metrics
| Total Revenue | $297.7M |
|---|---|
| Net Profit | $24.7M |
| Gross Margin | 26.1% |
| Operating Margin | 9.9% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
AAON, INC. Q4 FY2024 revenue of $297.7M breaks down across 3 segments, led by AAON Oklahoma at $194.0M (65.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| AAON Oklahoma | $194.0M | 65.1% |
| AAON Coil Products | $53.0M | 17.8% |
| Bas X | $50.7M | 17.0% |
AAON, INC. Revenue by Segment — Quarterly Trend
AAON, INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as AAON Oklahoma and AAON Coil Products) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| AAON Oklahoma | $215.5M | $238.7M | — | — |
| AAON Coil Products | $102.6M | $70.2M | $58.5M | $94.0M |
| Bas X | $106.1M | $75.2M | — | — |
AAON, INC. Annual Revenue by Year
AAON, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.4B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.4B |
| 2024 | $1.2B |
| 2023 | $1.2B |
| 2022 | $888.8M |
AAON, INC. Quarterly Revenue & Net Profit History
AAON, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $424.2M | +42.5% | $32.0M | 7.6% |
| Q3 FY2025 | $384.2M | +17.4% | $30.8M | 8.0% |
| Q2 FY2025 | $311.6M | -0.6% | $15.5M | 5.0% |
| Q1 FY2025 | $322.1M | +22.9% | $29.3M | 9.1% |
| Q4 FY2024 | $297.7M | -2.9% | $24.7M | 8.3% |
| Q3 FY2024 | $327.3M | +4.9% | $52.6M | 16.1% |
| Q2 FY2024 | $313.6M | +10.4% | $52.2M | 16.7% |
| Q1 FY2024 | $262.1M | -1.4% | $39.0M | 14.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $262.1M | $313.6M | $327.3M | $297.7M | $322.1M | $311.6M | $384.2M | $424.2M |
| YoY Growth | -1.4% | 10.4% | 4.9% | -2.9% | 22.9% | -0.6% | 17.4% | 42.5% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $952.9M | $1.01B | $1.03B | $1.18B | $1.30B | $1.40B | $1.53B | $1.69B |
| Liabilities | $168.1M | $270.2M | $233.8M | $350.7M | $484.3M | $566.7M | $671.0M | $791.5M |
| Equity | $784.8M | $740.5M | $796.9M | $824.6M | $815.9M | $832.7M | $863.1M | $895.0M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $92.4M | $35.5M | $63.8M | $845000 | $-9.2M | $-21.8M | $12.3M | $19.3M |