AAON
Financial ratios & Valuation

Forward Multiples (2025 – 2027)

202520262027
Price/Earnings ratio
29.3223.7519.74
Price/Sales ratio
3.052.732.40
Earnings per Share (EPS)
$2.79$3.45$4.15

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
18.5318.2921.8423.6028.9147.9043.9970.8339.8033.7551.5728.91
Price/Sales ratio
2.292.333.033.172.835.486.757.784.495.138.152.83
Price/Book Value ratio
4.704.675.665.424.978.869.908.927.128.1512.354.97
Price/Cash Flow ratio
15.6515.8118.2322.1822.4326.2726.9868.0265.1637.7240.4422.43
Price/Free Cash Flow ratio
22.6326.1931.2479.0169.9842.3556.97715.03-271.71121.3496.1669.98
Price/Earnings Growth ratio
0.963.701.1623.84-1.40-3.230.94-2.750.580.458.25-1.40
Dividend Yield
1.18%1.41%1.08%1.06%1.35%0.64%0.57%0.47%0.57%0.44%0.26%0.64%
Profitability Indicator Ratios
Gross Profit Margin
30.38%30.30%30.75%30.45%23.85%25.44%30.28%25.78%26.72%34.14%34.65%23.85%
Operating Profit Margin
19.08%19.88%20.72%18.28%12.85%14.27%19.79%12.95%14.26%19.46%20.13%12.85%
Pretax Profit Margin
19.15%19.89%20.83%18.38%12.89%14.28%19.81%12.94%14.01%19.09%19.96%12.89%
Net Profit Margin
12.39%12.75%13.90%13.44%9.81%11.44%15.35%10.99%11.29%15.20%15.78%9.81%
Effective Tax Rate
35.29%35.90%33.27%26.84%23.89%19.87%22.52%15.06%19.39%20.40%20.93%20.93%
Return on Assets
18.94%19.63%20.80%18.36%13.81%14.46%17.59%9.03%12.33%18.86%18.52%13.81%
Return On Equity
25.36%25.55%25.92%22.97%17.20%18.51%22.51%12.60%17.90%24.15%24.97%17.20%
Return on Capital Employed
35.71%37.63%36.59%30.03%21.44%21.24%26.11%12.29%18.96%27.92%27.34%21.44%
Liquidity Ratios
Current Ratio
3.062.863.613.072.933.343.73N/AN/AN/A3.052.93
Quick Ratio
2.181.972.391.651.312.032.331.011.031.541.781.31
Cash ratio
0.510.180.610.420.040.471.330.030.030.000.000.47
Days of Sales Outstanding
47.8255.7246.8346.8450.4753.0333.6156.1658.4457.2572.4350.47
Days of Inventory outstanding
55.3556.2165.0091.6785.7376.7783.66119.86111.50101.2882.0776.77
Operating Cycle
103.18111.94111.83138.51136.20129.81117.27176.03169.94158.54154.51136.20
Days of Payables Outstanding
16.739.029.7414.2011.7212.2612.6626.7025.5013.0312.5611.72
Cash Conversion Cycle
86.45102.91102.08124.31124.48117.54104.61149.32144.43145.50141.95124.48
Debt Ratios
Debt Ratio
N/AN/AN/AN/AN/AN/AN/A0.060.080.040.05N/A
Debt Equity Ratio
N/AN/AN/AN/AN/AN/AN/A0.080.120.050.06N/A
Long-term Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/A0.070.110.040.06N/A
Total Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/A0.070.110.040.06N/A
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A94.36N/A
Cash Flow to Debt Ratio
N/AN/AN/AN/AN/AN/AN/A1.520.864.144.37N/A
Company Equity Multiplier
1.331.301.241.251.241.281.271.391.451.281.291.24
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.140.140.160.140.120.200.250.110.060.130.200.12
Free Cash Flow / Operating Cash Flow Ratio
0.690.600.580.280.320.620.470.09-0.230.310.420.32
Cash Flow Coverage Ratio
N/AN/AN/AN/AN/AN/AN/A1.520.864.144.37N/A
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Dividend Payout Ratio
21.86%25.92%23.74%25.07%39.29%30.98%25.07%33.94%22.83%14.88%13.65%30.98%