AAON vs CARR vs EVOH Stock Comparison

Aaon, Carrier Global and EvoAir Holdings Prices as of Oct 27, 2026 Peers: Industry group
AAON Aaon, Inc.
$75.83 -14.9% 1M -27.8% 1Y
Market cap
$6.25B
P/E
39.1x
Revenue (TTM)
$1.93B
Div. yield
0.53%
HVAC Industrials
5 wins
CARR CARRIER GLOBAL Corp
$57.83 +2.6% 1M -0.8% 1Y
Market cap
$47.67B
P/E
39.3x
Revenue (TTM)
$22.11B
Div. yield
1.63%
HVAC Industrials
3 wins
EVOH EvoAir Holdings Inc.
$23.00 0.0% 1M 0.0% 1Y
Market cap
$625.15M
P/E
–
Revenue (TTM)
$319.05K
Div. yield
–
HVAC Industrials
4 wins

Head to Head

12 decided of 12

Aaon leads on 5 of the 12 questions below (Aaon 5, EvoAir Holdings 4, Carrier Global 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAAONCARREVOHLeader
Larger companyMarket capitalisation $6.25B $47.67B $625.15M CARR
Cheaper on earningsLower P/E, profitable companies only 39.1x 39.3x -152.7x AAON
Cheaper on forward earningsLower price / next fiscal year consensus EPS 34.0x 19.6x — CARR
Faster revenue growthRevenue growth, trailing twelve months +53.5% -1.6% +12.1% AAON
More profitableNet margin, trailing twelve months 8.2% 5.5% -1,283.3% AAON
Better return on capitalReturn on invested capital 12.7% 6.5% — AAON
Less leveragedLower net debt / EBITDA 1.5x 3.5x -0.2x EVOH
Higher dividend yieldTrailing dividend yield 0.53% 1.63% — CARR
Better 1-year returnPrice return, last 12 months -27.8% -0.8% 0.0% EVOH
Better 5-year returnAnnualised price return, 5 years +9.7%/yr +1.2%/yr +18.1%/yr EVOH
Less volatileAnnualised volatility, 1 year 59.8% 35.5% 0.0% EVOH
Higher overall scoreMean of the five percentile scores vs peers 42/100 36/100 33/100 AAON

Percentile Scorecard

AAONCARREVOH

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAAONCARREVOH
Valuation 7 #52 of 56 26 #42 of 56 2 #55 of 56
Growth 78 #12 of 52 31 #36 of 52 61 #21 of 52
Profitability 52 #24 of 49 46 #27 of 49 2 #48 of 49
Financial Health 66 #20 of 56 20 #45 of 56 69 #18 of 56
Shareholder Returns 5 #39 of 41 58 #18 of 41 –
Overall 42 36 33
  • AAON ranked among 60 companies in Construction Products
  • CARR ranked among 60 companies in Construction Products
  • EVOH ranked among 60 companies in Construction Products

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAAONCARREVOHSPY
1 month -14.9%+2.6%0.0% -0.2%
3 months -19.1%-8.4%0.0% +3.9%
6 months -13.9%-6.7%0.0% +8.2%
Year to date -0.6%+9.4%0.0% +12.9%
1 year -27.8%-0.8%0.0% +12.3%
3 years +41.1%+24.4%+4.4% +87.4%
3 years, per year +12.2%+7.5%+1.4% +23.3%
5 years +59.0%+6.3%+130.0% +67.9%
5 years, per year +9.7%+1.2%+18.1% +10.9%
10 years +285.5%—— +261.1%
10 years, per year +14.4%—— +13.7%

Risk

MeasureAAONCARREVOHSPY
Volatility, 1Y 59.8%35.5%0.0% 12.7%
Downside volatility, 1Y 57.7%36.6%— 12.7%
Beta vs S&P 500, 1Y 2.211.260.00 1.00
Return / volatility, 1Y -0.46-0.02— 0.97
Max drawdown, 5Y -53.6%-40.4%-66.4% -25.4%
From 52-week high -48.8%-23.9%0.0% -1.2%
52-week high $148.25$76.00$23.00 $779.14
52-week low $68.85$50.36$23.00 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAAONCARREVOH
P/E now vs peer median 39.1xmedian 20.1x 39.3xmedian 20.1x -152.7xmedian 20.1x
P/S now vs peer median 3.2xmedian 1.5x 2.2xmedian 1.5x 1,959xmedian 1.5x
EV/EBITDA now vs peer median 22.4xmedian 11.8x 19.4xmedian 11.8x -393.6xmedian 11.8x
P/FCF now vs peer median -52.6xmedian 16.2x 24.7xmedian 16.2x -439.7xmedian 16.2x
P/B now vs peer median 6.2xmedian 2.9x 3.5xmedian 2.9x 15.9xmedian 2.9x
PEG now vs peer median 17.96median 0.99 -2.34median 0.99 4.20median 0.99

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAAONCARREVOH
Revenue $1.93B $22.11B $319.05K
Gross profit $494.09M $6.37B $21.53K
Operating income $213.50M $1.72B -$4.21M
Net income $159.29M $1.32B -$4.35M
Free cash flow -$118.79M $1.93B -$1.42M
R&D – $602.00M –
EPS (diluted) $1.90 $1.46 $-0.15
Cash & equivalents $13.00K $1.34B $277.55K
Total debt $435.00M $11.95B –
Shares (diluted) 83.72M 836.50M 27.18M
Enterprise value $6.25B $42.30B $623.46M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAAONCARREVOH
P/E 39.1x 39.3x -152.7x
P/FCF -52.6x 24.7x -439.7x
P/Operating cash flow 72.2x 20.0x -459.7x
P/S 3.2x 2.2x 1,959x
P/B 6.2x 3.5x 15.9x
P/Tangible book 6.2x 6.2x 3,093x
EV/EBITDA 22.4x 19.4x -393.6x
EV/EBIT 31.3x 33.8x -148.6x
EV/Revenue 3.5x 2.6x 1,960x
EV/FCF -56.3x 30.2x -439.9x
EV/Operating cash flow 77.3x 24.4x -459.9x
PEG (3Y EPS CAGR) 17.96 -2.34 4.20

Growth

14 metrics
MetricAAONCARREVOH
Revenue growth (1Y) 53.5% -1.6% 12.1%
Revenue CAGR (3Y) 22.7% 8.9% -6.3%
Gross profit growth (1Y) 36.9% 4.7% 208.9%
Gross profit CAGR (3Y) 16.2% 26.8% 37.4%
Operating income growth (1Y) 39.0% -43.8% 71.8%
Operating income CAGR (3Y) 5.4% -12.1% 11.8%
Net income growth (1Y) 30.5% -67.9% 70.9%
Net income CAGR (3Y) 2.3% -16.0% 11.7%
EPS growth (1Y) 29.3% -68.4% 72.4%
EPS CAGR (3Y) 2.2% -16.8% -36.4%
Operating cash flow growth (1Y) 157.7% 19.2% -22.6%
Operating cash flow CAGR (3Y) -11.0% -0.4% 6.7%
Free cash flow growth (1Y) 33.7% 24.4% -26.9%
Free cash flow CAGR (3Y) -74.9% -2.5% 5.6%

Profitability

14 metrics
MetricAAONCARREVOH
Gross margin 25.6% 28.8% 6.7%
EBITDA margin 15.5% 13.6% -498.1%
Operating margin 11.0% 7.8% -1,319%
Pretax margin 9.9% 6.0% -1,364%
Net margin 8.2% 5.5% -1,283%
FCF margin -6.1% 8.7% -445.6%
Operating cash flow margin 4.5% 10.8% -426.2%
Return on equity 16.4% 9.7% -11.1%
Return on assets 8.7% 3.5% -10.0%
Return on invested capital 12.7% 6.5% –
Return on capital employed 14.3% 6.1% -11.0%
Asset turnover 1.1x 0.6x 0.0x
Cash conversion (OCF / net income) 0.5x 1.8x 0.3x
Stock comp / revenue 1.0% – –

Financial Health

11 metrics
MetricAAONCARREVOH
Debt / assets 23.3% 32.0% 1.3%
Debt / equity 0.4x 0.9x 0.0x
Net debt / EBITDA 1.5x 3.5x -0.2x
Debt / FCF -3.7x 6.2x -0.4x
Liabilities / assets 45.8% 64.0% 9.3%
Equity / assets 54.2% 36.0% 90.7%
Interest coverage – – –
Current ratio 3.0x 1.0x 0.1x
Quick ratio 1.9x 0.5x 0.1x
Cash ratio 0.0x 0.1x 0.1x
Altman Z-score 6.92 2.42 90.81

Shareholder Returns

7 metrics
MetricAAONCARREVOH
Dividend yield 0.5% 1.6% –
Net buyback yield -0.6% 4.2% –
Shareholder yield -0.1% 5.8% –
Payout ratio (earnings) – 59.1% –
Payout ratio (FCF) – 40.6% –
Dividend growth (1Y) – 7.1% –
Dividend CAGR (3Y) – 11.7% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAAONCARREVOH
Forward P/E 34.0xFY2026 19.6xFY2026 –
EPS, next fiscal year $2.23FY2026 $2.95FY2026 –
EPS growth, next FY +65.2%FY2026 +13.9%FY2026 –
EPS growth, the year after +56.1% +9.2% –
Revenue, next fiscal year $2.44BFY2026 $22.69BFY2026 –
Revenue growth, next FY +69.6%FY2026 +4.3%FY2026 –
Revenue growth, the year after +16.8% +5.0% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAAONCARREVOH
Held by institutions 78.7% 87.4% –
Institutions holding 469 1,628 –
Change in shares held, QoQ -7.0% +1.0% –
Institutions buying 241 805 –
Institutions selling 174 544 –
Buyers to sellers 1.39 1.48 –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AAONCARREVOH
AAON 1.00 0.49 –
CARR 0.49 1.00 –
EVOH – – –

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AAON, CARR and EVOH?

Carrier Global (CARR) is the largest by market capitalisation: Aaon (AAON) $6.25B, Carrier Global (CARR) $47.67B, EvoAir Holdings (EVOH) $625.15M.

Which stock is cheaper, AAON, CARR and EVOH?

Aaon (AAON) trades on the lowest price-to-earnings ratio (Aaon (AAON) 39.1x, Carrier Global (CARR) 39.3x, EvoAir Holdings (EVOH) -152.7x). On next year's consensus earnings, Carrier Global (CARR) is cheapest (Aaon (AAON) 34.0x, Carrier Global (CARR) 19.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Aaon (AAON) grew revenue fastest over the trailing twelve months: Aaon (AAON) +53.5%, Carrier Global (CARR) -1.6%, EvoAir Holdings (EVOH) +12.1%.

Which company is more profitable?

Aaon (AAON) has the highest net margin (Aaon (AAON) 8.2%, Carrier Global (CARR) 5.5%, EvoAir Holdings (EVOH) -1,283.3%). On return on invested capital, Aaon (AAON) leads (Aaon (AAON) 12.7%, Carrier Global (CARR) 6.5%).

Which stock has performed better?

Over the past year EvoAir Holdings (EVOH) returned the most: Aaon (AAON) -27.8%, Carrier Global (CARR) -0.8%, EvoAir Holdings (EVOH) 0.0%. Over five years, EvoAir Holdings (EVOH) compounded fastest (Aaon (AAON) +9.7%/yr, Carrier Global (CARR) +1.2%/yr, EvoAir Holdings (EVOH) +18.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Carrier Global (CARR) has the highest dividend yield: Aaon (AAON) 0.53%, Carrier Global (CARR) 1.63%. EvoAir Holdings (EVOH) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, EvoAir Holdings (EVOH) has been the steadiest (Aaon (AAON) 59.8%, Carrier Global (CARR) 35.5%, EvoAir Holdings (EVOH) 0.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AAON, CARR and EVOH?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Aaon (AAON) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.