AAON AAON margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 74

Gross margin

25.9%

Operating margin

12.3%

EBITDA margin

16.4%

Net margin

The AAON shows a gross margin of 25.9%, an operating margin of 12.3%, an EBITDA margin of 16.4%, and a net margin of 9%. Operating margin improved the most, by 2.3 percentage points, while gross margin declined the most, by 1 percentage points.

AAON margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, AAON's margins averaged 30.5% gross, 14.9% operating, 19.86% EBITDA, and 11.51% net. All four current margins are below their three-year averages.

AAON margin expansion

Year-over-year margin changes in percentage points

Operating margin expanded by 2.3 percentage points, EBITDA margin by 0.6 percentage points, and net margin by 1.4 percentage points, whereas gross margin contracted by 1 percentage point.

Gross margin expansion

-1pp

Operating margin expansion

2.3pp

EBITDA margin expansion

0.6pp

Net margin expansion

1.4pp

AAON Gross margin

The average gross margin for AAON was 30.5% over the last 3 years. As of the latest period, the current gross margin for AAON is 25.9%, 4.6 percentage points below its three-year average. The gross margin for AAON moved between 25.9% in Sep 2026 and 36.3% in Jun 2024.

AAON Operating margin

Over the last 3 years, the average operating margin for AAON was 14.9%. The latest operating margin for AAON is 12.3%, 2.6 percentage points below its three-year average. AAON's operating margin ranged from a low of 10% in Sep 2025 to a high of 20.3% in Jun 2024.

AAON EBITDA margin

Looking back over the last 3 years, AAON recorded an average EBITDA margin of 19.86%. AAON's current EBITDA margin is 16.4% and is 3.5 percentage points below its three-year average. The highest EBITDA margin for AAON was 25% in Sep 2024, while the lowest was 15.2% in Mar 2026.

AAON Net margin

AAON's net margin averaged 11.51% across the past 3 years. The current net margin stands at 9%, 2.5 percentage points below its three-year average. Over the last 3 years, AAON's net margin peaked at 15.8% in Sep 2024 and reached a low of 7.1% in Mar 2026.

AAON margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 25.9%, AAON stands below the Industrials sector, the industry and its peers average. In comparison with its Industrials sector average of 32.5%, AAON's gross margin is 20% lower.

AAON margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is AAON's gross margin?

As of Sep 30, 2026, AAON has a gross margin of 25.9%.

What is AAON's operating margin?

For the period ending Sep 30, 2026, AAON recorded an operating margin of 12.3%.

What is AAON's EBITDA margin?

As of Sep 30, 2026, AAON has an EBITDA margin of 16.4%.

What is AAON's net margin?

For the period ending Sep 30, 2026, AAON recorded a net margin of 9%.

What are the average margins of AAON?

AAON's gross, operating, EBITDA, and net margins averaged 30.5% gross, 14.9% operating, 19.9% EBITDA, and 11.5% net over the last 3 years.

What are the highest historical margins of AAON?

Across the 5-year period, AAON posted its highest margins at 36.3% gross in Jun 2024, 20.3% operating in Jun 2024, 25% EBITDA in Sep 2024, and 15.8% net in Sep 2024.

What are the lowest historical margins of AAON?

AAON's lowest recorded margins during the past 5 years were 23.4% gross in Jun 2022, 10% operating in Sep 2025, 15.2% EBITDA in Jun 2022, and 7.1% net in Mar 2026.