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Aaon AAON Debt-to-assets

Debt-to-assets at other companies

Johnson Controls International logo
Johnson Controls InternationalJCI
-0.2×
Lennox International logo
Lennox InternationalLII
0.4×-0.1×
Trane Technologies logo
Trane TechnologiesTT
0.2×-0.1×
Carrier Global logo
Carrier GlobalCARR
0.3×0.0×
SPX Technologies logo
SPX TechnologiesSPXC
0.2×-0.1×
Vertiv Holdings Co logo
Vertiv Holdings CoVRT
0.2×-0.1×

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

Calculated from Aaon’s reported figures.

Based on the most recent quarter.

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 debt-to-assets?
Aaon (AAON) reported debt-to-assets of 0× in Q1 2026.
How has Aaon's debt-to-assets changed year-over-year?
Aaon's debt-to-assets decreased by 86.6% year-over-year, from 0× to 0×.
What is the long-term trend for Aaon's debt-to-assets?
Over 5 years (2020 to 2025), Aaon's debt-to-assets has grown at a -12.0% compound annual growth rate (CAGR), from 0× to 0×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.