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Aaon AAON Free cash flow margin

Free cash flow margin at other companies

Johnson Controls International logo
Johnson Controls InternationalJCI
10.9%+0.9pp
Lennox International logo
Lennox InternationalLII
12.6%-1.8pp
Trane Technologies logo
Trane TechnologiesTT
14.5%+0.6pp
Carrier Global logo
Carrier GlobalCARR
7.7%
SPX Technologies logo
SPX TechnologiesSPXC
11.5%-0.1pp
Vertiv Holdings Co logo
Vertiv Holdings CoVRT
21%+5.4pp

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

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 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 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?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.