AAON, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.44B | $1.20B | $1.17B | $888.8M | $534.5M | $514.6M | $469.3M | $433.9M |
| AAON-branded Products | $894.3M | $975.6M | $1.00B | — | — | — | — | — |
| BASX-branded Products | $547.8M | $225.0M | $166.5M | — | — | — | — | — |
| Cost of Revenue | $1.06B | $803.5M | $769.5M | $651.2M | $396.7M | $358.7M | $349.9M | $330.4M |
| Gross Profit | $385.7M | $397.1M | $399.0M | $237.6M | $137.8M | $155.8M | $119.4M | $103.5M |
| Gross Margin | 26.7% | 33.1% | 34.1% | 26.7% | 25.8% | 30.3% | 25.4% | 23.9% |
| Operating Expenses | ||||||||
| Research & Development | $58.2M | $47.3M | $43.7M | $46.8M | $16.6M | $17.4M | $14.8M | $13.5M |
| SG&A Expense | $239.5M | $188.0M | $171.5M | $110.8M | $68.6M | $60.5M | $52.1M | $48.2M |
| Operating Income | $146.2M | $209.1M | $227.5M | $126.8M | $69.3M | $101.8M | $67.0M | $55.4M |
| Operating Margin | 10.1% | 17.4% | 19.5% | 14.3% | 13.0% | 19.8% | 14.3% | 12.8% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $128.8M | $206.6M | $223.2M | $124.5M | $69.2M | $102.0M | $67.0M | $55.5M |
| Income Tax Expense | $21.2M | $38.0M | $45.5M | $24.2M | $10.4M | $23.0M | $13.3M | $13.2M |
| Net Income | $107.6M | $168.6M | $177.6M | $100.4M | $58.8M | $79.0M | $53.7M | $42.3M |
| Net Margin | 7.5% | 14.0% | 15.2% | 11.3% | 11.0% | 15.4% | 11.4% | 9.8% |
| EPS (Basic) | $1.32 | $2.07 | $2.19 | $1.26 | $0.75 | $1.51 | $1.03 | $0.81 |
| EPS (Diluted) | $1.29 | $2.02 | $2.13 | $1.24 | $0.73 | $1.49 | $1.02 | $0.80 |
| Shares Outstanding (Basic) | 81.5M | 81.5M | 81.2M | 79.6M | 78.6M | 52.2M | 52.1M | 52.3M |
| Shares Outstanding (Diluted) | 83.1M | 83.6M | 83.3M | 81.1M | 80.6M | 53.1M | 52.6M | 52.7M |
| Dividends Per Share | $0.40 | $0.32 | $0.32 | $0.29 | $0.25 | $0.38 | $0.32 | $0.32 |