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Aaon AAON CapEx

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Other financials

Income statement

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Revenue$496.9M+54.3%
Gross profit$125.0M+44.7%
Operating income$57.1M+62.5%
Net income$39.8M+35.9%
EPS (diluted)$0.48+37.1%

Balance sheet

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Cash & equivalents$13.0K-98.7%
Total debt$3.4M-81.8%
Total assets$1.8B+37.6%

Cash flow

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Operating cash flow$34.0M+469%
Free cash flow-$11.1M+80.1%

Valuation

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Market cap$7.83B+15.1%
Enterprise value$7.83B+15.1%
P/E66.3×+10.6×
P/S4.8×-0.6×

Profitability

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Gross margin26.2%-4.8pp
Operating margin10.4%-5.2pp
Net margin7.3%-5.3pp
FCF margin-9%-0.3pp

Returns & leverage

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Current ratio2.6×-0.1×

Where this comes from

Reported directly by Aaon in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireMachineryAndEquipment.

The source filing: Aaon’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 7:12 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000824142-26-000036
Operating ActivitiesThree Months Ended March 31, 2026 / (in thousands)Three Months Ended March 31, 2025 / (in thousands)
Accrued liabilities and other long-term liabilities4,483(2,412)
Net cash provided by (used in) operating activities33,994(9,214)
Investing Activities
Capital expenditures(45,127)(46,723)
Grant proceeds received1,650
Proceeds from sale of property, plant and equipment40
Acquisition of intangible assets(7,808)(3,717)
Principal payments from note receivable12

Item 1. Financial Statements.

FAQ

What is Aaon's capex?
Aaon (AAON) reported capex of $45.13M in Q1 2026.
How has Aaon's capex changed year-over-year?
Aaon's capex decreased by 3.4% year-over-year, from $46.72M to $45.13M.
What is the long-term trend for Aaon's capex?
Over 4 years (2021 to 2025), Aaon's capex has grown at a 36.2% compound annual growth rate (CAGR), from $55.36M to $190.56M.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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