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Aaon AAON EV / EBITDA

EV / EBITDA at other companies

Johnson Controls International logo
Johnson Controls InternationalJCI
24.3×+5.9×
Lennox International logo
Lennox InternationalLII
15.4×-3.3×
Trane Technologies logo
Trane TechnologiesTT
22.3×+2.6×
Carrier Global logo
Carrier GlobalCARR
18.9×+3.2×
SPX Technologies logo
SPX TechnologiesSPXC
21.1×+4.4×
Vertiv Holdings Co logo
Vertiv Holdings CoVRT
41.6×+24.9×

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 EV / EBITDA?
Aaon (AAON) reported EV / EBITDA of 27.1× in Q1 2026.
How has Aaon's EV / EBITDA changed year-over-year?
Aaon's EV / EBITDA increased by 12.4% year-over-year, from 24.1× to 27.1×.
What is the long-term trend for Aaon's EV / EBITDA?
Over 5 years (2020 to 2025), Aaon's EV / EBITDA has grown at a 9.4% compound annual growth rate (CAGR), from 17.7× to 27.6×.
What does EV / EBITDA mean?
What the whole business (debt included) costs relative to its operating cash earnings.
How do you interpret EV / EBITDA?
Lets you compare companies with different leverage and tax positions on a like-for-like basis — the standard multiple in M&A. Lower can mean cheaper, subject to growth and capital intensity.
How does EV / EBITDA compare across companies?
Broadly comparable across non-financial sectors; not used for banks and insurers, where EBITDA is not meaningful.