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AAON Inc is a manufacturer of air-conditioning and heating equipment. The products include rooftop units, chillers, packaged outdoor mechanical rooms, air-handling units, makeup air units, energy-recovery units, condensing units, geothermal heat pumps, and self-contained units and coils. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It generates the majority of its revenue from the AAON Oklahoma segment which engineers, manufactures, and sells, semi-custom, and custom HVAC systems, designs and manufactures control solutions, and sells retail parts to customers through retail part stores and online.
1987
4.8K+
LTM Revenue $1.3B
LTM EBITDA $296M
$8.1B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
AAON has a last 12-month revenue (LTM) of $1.3B and a last 12-month EBITDA of $296M.
In the most recent fiscal year, AAON achieved revenue of $1.2B and an EBITDA of $230M.
AAON expects next 12-month revenue of XXX and NTM EBITDA of XXX
See AAON valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $1.3B | XXX | $1.2B | XXX | XXX | XXX |
| Gross Profit | $423M | XXX | $397M | XXX | XXX | XXX |
| Gross Margin | 33% | XXX | 33% | XXX | XXX | XXX |
| EBITDA | $296M | XXX | $230M | XXX | XXX | XXX |
| EBITDA Margin | 23% | XXX | 19% | XXX | XXX | XXX |
| EBIT | $223M | XXX | $209M | XXX | XXX | XXX |
| EBIT Margin | 17% | XXX | 17% | XXX | XXX | XXX |
| Net Profit | $173M | XXX | $169M | XXX | XXX | XXX |
| Net Margin | 13% | XXX | 14% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $155M | XXX | XXX | XXX |
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As of May 30, 2025, AAON's stock price is $96.
AAON has current market cap of $7.8B, and EV of $8.1B.
See AAON trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8.1B | $7.8B | XXX | XXX | XXX | XXX | $2.08 |
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Start Free TrialAs of May 30, 2025, AAON has market cap of $7.8B and EV of $8.1B.
AAON's trades at 6.7x EV/Revenue multiple, and 35.2x EV/EBITDA.
Equity research analysts estimate AAON's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
AAON has a P/E ratio of 45.2x.
See valuation multiples for AAON and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7.8B | XXX | $7.8B | XXX | XXX | XXX |
| EV (current) | $8.1B | XXX | $8.1B | XXX | XXX | XXX |
| EV/Revenue | 6.3x | XXX | 6.7x | XXX | XXX | XXX |
| EV/EBITDA | 27.4x | XXX | 35.2x | XXX | XXX | XXX |
| EV/EBIT | 36.3x | XXX | 38.7x | XXX | XXX | XXX |
| EV/Gross Profit | 19.1x | XXX | n/a | XXX | XXX | XXX |
| P/E | 45.2x | XXX | 46.5x | XXX | XXX | XXX |
| EV/FCF | -3728.6x | XXX | -97.2x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialAAON's last 12 month revenue growth is 18%
AAON's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $39K for the same period.
AAON's rule of 40 is 38% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
AAON's rule of X is 67% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for AAON and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 18% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Margin | 23% | XXX | 19% | XXX | XXX | XXX |
| EBITDA Growth | 25% | XXX | 17% | XXX | XXX | XXX |
| Rule of 40 | 38% | XXX | 37% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 67% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $39K | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 16% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Brickworks | XXX | XXX | XXX | XXX | XXX | XXX |
| Reece | XXX | XXX | XXX | XXX | XXX | XXX |
| Iktinos Hellas | XXX | XXX | XXX | XXX | XXX | XXX |
| Grupo Argos | XXX | XXX | XXX | XXX | XXX | XXX |
| ACC | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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AAON acquired XXX companies to date.
Last acquisition by AAON was XXXXXXXX, XXXXX XXXXX XXXXXX . AAON acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was AAON founded? | AAON was founded in 1987. |
| Where is AAON headquartered? | AAON is headquartered in United States of America. |
| How many employees does AAON have? | As of today, AAON has 4.8K+ employees. |
| Who is the CEO of AAON? | AAON's CEO is Dr. Matthew J. Tobolski, PhD. |
| Is AAON publicy listed? | Yes, AAON is a public company listed on NAS. |
| What is the stock symbol of AAON? | AAON trades under AAON ticker. |
| When did AAON go public? | AAON went public in 1990. |
| Who are competitors of AAON? | Similar companies to AAON include e.g. Brickworks, Reece, Iktinos Hellas, Grupo Argos. |
| What is the current market cap of AAON? | AAON's current market cap is $7.8B |
| What is the current revenue of AAON? | AAON's last 12 months revenue is $1.3B. |
| What is the current revenue growth of AAON? | AAON revenue growth (NTM/LTM) is 18%. |
| What is the current EV/Revenue multiple of AAON? | Current revenue multiple of AAON is 6.3x. |
| Is AAON profitable? | Yes, AAON is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of AAON? | AAON's last 12 months EBITDA is $296M. |
| What is AAON's EBITDA margin? | AAON's last 12 months EBITDA margin is 23%. |
| What is the current EV/EBITDA multiple of AAON? | Current EBITDA multiple of AAON is 27.4x. |
| What is the current FCF of AAON? | AAON's last 12 months FCF is -$2.2M. |
| What is AAON's FCF margin? | AAON's last 12 months FCF margin is 0%. |
| What is the current EV/FCF multiple of AAON? | Current FCF multiple of AAON is -3728.6x. |
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