EVOH vs SPXC vs AAON Stock Comparison

EvoAir Holdings, SPX Technologies and Aaon Prices as of Oct 26, 2026 Peers: Industry group
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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
3 wins
AAON Aaon, Inc.
$75.83 -14.9% 1M -27.8% 1Y
Market cap
$6.22B
P/E
39.1x
Revenue (TTM)
$1.93B
Div. yield
–
HVAC Industrials
2 wins

Head to Head

11 decided of 12

SPX Technologies leads on 6 of the 12 questions below (SPX Technologies 6, EvoAir Holdings 3, Aaon 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionEVOHSPXCAAONLeader
Larger companyMarket capitalisation $625.15M $8.24B $6.22B SPXC
Cheaper on earningsLower P/E, profitable companies only -152.7x 29.5x 39.1x SPXC
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 19.3x 34.0x SPXC
Faster revenue growthRevenue growth, trailing twelve months +12.1% +20.6% +53.5% AAON
More profitableNet margin, trailing twelve months -1,283.3% 11.3% 8.2% SPXC
Better return on capitalReturn on invested capital — 10.5% 12.7% AAON
Less leveragedLower net debt / EBITDA -0.2x 0.8x 1.5x EVOH
Higher dividend yieldTrailing dividend yield — 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months 0.0% -15.7% -27.8% EVOH
Better 5-year returnAnnualised price return, 5 years +18.1%/yr +23.1%/yr +9.7%/yr SPXC
Less volatileAnnualised volatility, 1 year 0.0% 41.5% 59.8% EVOH
Higher overall scoreMean of the five percentile scores vs peers 33/100 71/100 42/100 SPXC

Percentile Scorecard

EVOHSPXCAAON

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

AxisEVOHSPXCAAON
Valuation 2 #55 of 56 42 #33 of 56 7 #52 of 56
Growth 61 #21 of 52 100 #1 of 52 78 #12 of 52
Profitability 2 #48 of 49 69 #16 of 49 52 #24 of 49
Financial Health 69 #18 of 56 75 #15 of 56 66 #20 of 56
Shareholder Returns – – 5 #39 of 41
Overall 33 71 42
  • EVOH ranked among 60 companies in Construction Products
  • SPXC ranked among 60 companies in Construction Products
  • AAON ranked among 60 companies in Construction Products

Price Performance

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

Returns

PeriodEVOHSPXCAAONSPY
1 month 0.0%-4.5%-14.9% -0.2%
3 months 0.0%-19.2%-19.1% +3.9%
6 months 0.0%-23.7%-13.9% +8.2%
Year to date 0.0%-17.5%-0.6% +12.9%
1 year 0.0%-15.7%-27.8% +12.3%
3 years +4.4%+109.9%+41.1% +87.4%
3 years, per year +1.4%+28.1%+12.2% +23.3%
5 years +130.0%+182.3%+59.0% +67.9%
5 years, per year +18.1%+23.1%+9.7% +10.9%
10 years —+760.4%+285.5% +261.1%
10 years, per year —+24.0%+14.4% +13.7%

Risk

MeasureEVOHSPXCAAONSPY
Volatility, 1Y 0.0%41.5%59.8% 12.7%
Downside volatility, 1Y —41.8%57.7% 12.7%
Beta vs S&P 500, 1Y 0.001.752.21 1.00
Return / volatility, 1Y —-0.38-0.46 0.97
Max drawdown, 5Y -66.4%-38.3%-53.6% -25.4%
From 52-week high 0.0%-33.0%-48.8% -1.2%
52-week high $23.00$246.41$148.25 $779.14
52-week low $23.00$160.01$68.85 $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.

MultipleEVOHSPXCAAON
P/E now vs peer median -152.7xmedian 20.1x 29.6xmedian 20.1x 39.1xmedian 20.1x
P/S now vs peer median 1,959xmedian 1.5x 3.3xmedian 1.5x 3.2xmedian 1.5x
EV/EBITDA now vs peer median -393.6xmedian 11.8x 16.4xmedian 11.8x 22.4xmedian 11.8x
P/FCF now vs peer median -439.7xmedian 16.2x 27.2xmedian 16.2x -52.6xmedian 16.2x
P/B now vs peer median 15.9xmedian 2.9x 3.5xmedian 2.9x 6.2xmedian 2.9x
PEG now vs peer median 4.20median 0.99 0.44median 0.99 17.96median 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 monthsEVOHSPXCAAON
Revenue $319.05K $2.48B $1.93B
Gross profit $21.53K $996.30M $494.09M
Operating income -$4.21M $399.90M $213.50M
Net income -$4.35M $278.90M $159.29M
Free cash flow -$1.42M $304.30M -$118.79M
EPS (diluted) $-0.15 $5.50 $1.90
Cash & equivalents $277.55K $166.40M $13.00K
Total debt – $2.29B $435.00M
Shares (diluted) 27.18M 50.68M 83.72M
Enterprise value $623.46M $7.32B $6.22B

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
MetricEVOHSPXCAAON
P/E -152.7x 29.6x 39.1x
P/FCF -439.7x 27.2x -52.6x
P/Operating cash flow -459.7x 19.5x 72.2x
P/S 1,959x 3.3x 3.2x
P/B 15.9x 3.5x 6.2x
P/Tangible book 3,093x 6.2x 6.2x
EV/EBITDA -393.6x 16.4x 22.4x
EV/EBIT -148.6x 21.8x 31.3x
EV/Revenue 1,960x 3.5x 3.5x
EV/FCF -439.9x 28.6x -56.3x
EV/Operating cash flow -459.9x 20.6x 77.3x
PEG (3Y EPS CAGR) 4.20 0.44 17.96

Growth

14 metrics
MetricEVOHSPXCAAON
Revenue growth (1Y) 12.1% 20.6% 53.5%
Revenue CAGR (3Y) -6.3% 15.1% 22.7%
Gross profit growth (1Y) 208.9% 18.5% 36.9%
Gross profit CAGR (3Y) 37.4% 17.8% 16.2%
Operating income growth (1Y) 71.8% 24.1% 39.0%
Operating income CAGR (3Y) 11.8% 52.2% 5.4%
Net income growth (1Y) 70.9% 32.4% 30.5%
Net income CAGR (3Y) 11.7% 72.2% 2.3%
EPS growth (1Y) 72.4% 23.8% 29.3%
EPS CAGR (3Y) -36.4% 67.5% 2.2%
Operating cash flow growth (1Y) -22.6% 52.8% 157.7%
Operating cash flow CAGR (3Y) 6.7% 131.0% -11.0%
Free cash flow growth (1Y) -26.9% 23.8% 33.7%
Free cash flow CAGR (3Y) 5.6% 168.6% -74.9%

Profitability

14 metrics
MetricEVOHSPXCAAON
Gross margin 6.7% 40.2% 25.6%
EBITDA margin -498.1% 21.4% 15.5%
Operating margin -1,319% 16.2% 11.0%
Pretax margin -1,364% 14.8% 9.9%
Net margin -1,283% 11.3% 8.2%
FCF margin -445.6% 12.3% -6.1%
Operating cash flow margin -426.2% 17.1% 4.5%
Return on equity -11.1% 12.0% 16.4%
Return on assets -10.0% 7.1% 8.7%
Return on invested capital – 10.5% 12.7%
Return on capital employed -11.0% 12.1% 14.3%
Asset turnover 0.0x 0.6x 1.1x
Cash conversion (OCF / net income) 0.3x 1.5x 0.5x
Stock comp / revenue – 0.7% 1.0%

Financial Health

11 metrics
MetricEVOHSPXCAAON
Debt / assets 1.3% 15.6% 23.3%
Debt / equity 0.0x 0.3x 0.4x
Net debt / EBITDA -0.2x 0.8x 1.5x
Debt / FCF -0.4x 2.0x -3.7x
Liabilities / assets 9.3% 40.4% 45.8%
Equity / assets 90.7% 59.6% 54.2%
Interest coverage – 10.7x –
Current ratio 0.1x 1.8x 3.0x
Quick ratio 0.1x 1.1x 1.9x
Cash ratio 0.1x 0.3x 0.0x
Altman Z-score 90.81 4.45 6.92

Shareholder Returns

7 metrics
MetricEVOHSPXCAAON
Dividend yield – – 0.5%
Net buyback yield – – -0.6%
Shareholder yield – 0.0% -0.1%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

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.

ConsensusEVOHSPXCAAON
Forward P/E – 19.3xFY2026 34.0xFY2026
EPS, next fiscal year – $8.57FY2026 $2.23FY2026
EPS growth, next FY – +26.8%FY2026 +65.2%FY2026
EPS growth, the year after – +20.1% +56.1%
Revenue, next fiscal year – $2.64BFY2026 $2.44BFY2026
Revenue growth, next FY – +16.4%FY2026 +69.6%FY2026
Revenue growth, the year after – +14.6% +16.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersEVOHSPXCAAON
Held by institutions – 93.8% 78.7%
Institutions holding – 510 469
Change in shares held, QoQ – +10.8% -7.0%
Institutions buying – 275 241
Institutions selling – 162 174
Buyers to sellers – 1.70 1.39

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.

EVOHSPXCAAON
EVOH – – –
SPXC – 1.00 0.42
AAON – 0.42 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, EVOH, SPXC and AAON?

SPX Technologies (SPXC) is the largest by market capitalisation: EvoAir Holdings (EVOH) $625.15M, SPX Technologies (SPXC) $8.24B, Aaon (AAON) $6.22B.

Which stock is cheaper, EVOH, SPXC and AAON?

SPX Technologies (SPXC) trades on the lowest price-to-earnings ratio (EvoAir Holdings (EVOH) -152.7x, SPX Technologies (SPXC) 29.5x, Aaon (AAON) 39.1x). On next year's consensus earnings, SPX Technologies (SPXC) is cheapest (SPX Technologies (SPXC) 19.3x, Aaon (AAON) 34.0x). 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: EvoAir Holdings (EVOH) +12.1%, SPX Technologies (SPXC) +20.6%, Aaon (AAON) +53.5%.

Which company is more profitable?

SPX Technologies (SPXC) has the highest net margin (EvoAir Holdings (EVOH) -1,283.3%, SPX Technologies (SPXC) 11.3%, Aaon (AAON) 8.2%). On return on invested capital, Aaon (AAON) leads (SPX Technologies (SPXC) 10.5%, Aaon (AAON) 12.7%).

Which stock has performed better?

Over the past year EvoAir Holdings (EVOH) returned the most: EvoAir Holdings (EVOH) 0.0%, SPX Technologies (SPXC) -15.7%, Aaon (AAON) -27.8%. Over five years, SPX Technologies (SPXC) compounded fastest (EvoAir Holdings (EVOH) +18.1%/yr, SPX Technologies (SPXC) +23.1%/yr, Aaon (AAON) +9.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, EvoAir Holdings (EVOH) has been the steadiest (EvoAir Holdings (EVOH) 0.0%, SPX Technologies (SPXC) 41.5%, Aaon (AAON) 59.8%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, SPX Technologies (SPXC) leads on 6. 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.