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Aaon AAON Contract Assets

Contract Assets at other companies

Carrier Global logo
Carrier GlobalCARR
$527M+16.6%
SPX Technologies logo
SPX TechnologiesSPXC
$78.9M+110%
EMCOR Group logo
EMCOR GroupEME
$377.33M+14.6%
Comfort Systems USA logo
Comfort Systems USAFIX
$128.01M-43.8%
Chart Industries logo
Chart IndustriesGTLS
$1.05B+25.4%

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%
CapEx$45.1M-3.4%
Free cash flow-$11.1M+80.1%

Valuation

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Market cap$11.2B+5.8%
Enterprise value$11.2B+5.6%
P/E94.8×+28.2×
P/S6.9×-1.5×

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:ContractWithCustomerAssetNetCurrent.

The official record: Aaon’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Aaon's contract assets?
Aaon (AAON) reported contract assets of $298.37M in Q1 2026.
How has Aaon's contract assets changed year-over-year?
Aaon's contract assets increased by 58.2% year-over-year, from $188.66M to $298.37M.
What does contract assets mean?
Revenue earned from work completed but not yet billed to the customer.
How do you interpret contract assets?
An increase suggests strong project progress, while a decrease indicates successful billing and conversion to accounts receivable.
How does contract assets compare across companies?
Common in industrial sectors with long-cycle projects; high levels relative to revenue may indicate complex billing milestones.