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Aaon AAON Free cash flow margin

Free cash flow margin at other companies

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Johnson Controls InternationalJCI
12.7%+2.2pp
Lennox International logo
Lennox InternationalLII
13.9%+1.4pp
Trane Technologies logo
Trane TechnologiesTT
16.2%+2.6pp
Carrier Global logo
Carrier GlobalCARR
8.7%
SPX Technologies logo
SPX TechnologiesSPXC
11.5%-0.1pp
Modine Manufacturing logo
Modine ManufacturingMOD
3%-1.5pp

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$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

Returns & leverage

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Current ratio2.6×-0.1×

Where this comes from

Calculated from Aaon’s reported figures.

Based on trailing twelve months.

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

Filed
May 7, 2026, 7:12 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000824142-26-000036

FAQ

What is Aaon's free cash flow margin?
Aaon (AAON) reported free cash flow margin of -9% in Q1 2026.
How has Aaon's free cash flow margin changed year-over-year?
Aaon's free cash flow margin increased by 3.0% year-over-year, from -9.3% to -9%.
What is the long-term trend for Aaon's free cash flow margin?
Over 4 years (2020 to 2025), Aaon's free cash flow margin has grown at a 2.7% compound annual growth rate (CAGR), from 11.9% to -13.2%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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