Aaon, Inc. AAON
NASDAQ AAON
$75.01 +12.14 (+19.31%)
At close: Nov 10, 2026 · 4:00 PM EST

Aaon (AAON) FCF Margin (2009 - 2026)

Updated

Aaon's FCF Margin came in at -4.97% for Q2 2026, up 13.52 percentage points from -18.49% a year earlier but down 2.73 percentage points from the prior quarter.

Analysis

Aaon (AAON) FCF Margin (2009 - 2026) Analysis & Trends

Over the trailing twelve months to Jun 30, 2026, Aaon reported FCF Margin of -6.15%, up 8.09 percentage points year-over-year; for FY2025, it came in at -13.18%, down 12.92 percentage points from FY2024.

  • FCF Margin carries a five-year change of -25.03 percentage points (FY2020 to FY2025).
  • Going back by year, FCF Margin was -0.26% in FY2024 (-4.93 pp), 4.67% in FY2023 (+6.33 pp), -1.65% in FY2022 (-2.74 pp) and 1.09% in FY2021 (-10.77 pp).
  • The five-year range for quarterly FCF Margin is -32.06% (Q4 2024) to 22.01% (Q1 2024).
  • Year-over-year, FCF Margin has increased for three consecutive quarters, with an average year-over-year change of -8.44 percentage points over the last eight quarters.
  • The fastest year-over-year change in FCF Margin over five years came in Q1 2024 (a gain of 31.07 percentage points), and the weakest in Q4 2024 (a drop of 41.96 percentage points).
  • Business Quant data shows AAON's FCF Margin at -2.24% (Q1 2026), -10.18% (Q4 2025) and -8.67% (Q3 2025) in the three quarters before Q2 2026.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Trane Technologies 92.12 Bn 86.76 Bn 2.38 Bn 18.01%
2 Johnson Controls International 85.49 Bn 85.52 Bn 2.71 Bn -
3 Carrier Global 43.38 Bn 38.12 Bn 1.90 Bn 10.76%
4 Comfort Systems Usa 38.65 Bn 32.60 Bn 934.48 Mn 21.23%
5 Otis Worldwide 29.75 Bn 26.31 Bn 1.16 Bn 7.61%
6 James Hardie Industries 16.90 Bn 16.08 Bn 562.40 Mn 19.69%
7 Masco 16.35 Bn 14.41 Bn 720.00 Mn 16.89%
8 Allegion 15.98 Bn 14.60 Bn 548.20 Mn 23.76%
9 Carlisle Companies 15.35 Bn 12.26 Bn 494.90 Mn 18.95%
10 Aaon 6.19 Bn 6.19 Bn 188.54 Mn 7.22%
Historic Data

Historic Data

Download Data
DateValue
Sep 30, 2026 7.22%
Jun 30, 2026 -4.86%
Mar 31, 2026 -2.26%
Dec 31, 2025 -10.18%
Sep 30, 2025 -8.67%
Jun 30, 2025 -18.49%
Mar 31, 2025 -17.37%
Dec 31, 2024 -32.06%
Sep 30, 2024 9.10%
Jun 30, 2024 1.55%
Mar 31, 2024 22.01%
Dec 31, 2023 9.90%
Sep 30, 2023 7.99%
Jun 30, 2023 8.25%
Mar 31, 2023 -9.07%
Dec 31, 2022 2.15%
Sep 30, 2022 12.63%
Jun 30, 2022 -14.35%
Mar 31, 2022 -11.40%
Dec 31, 2021 -19.26%
API Access

Aaon FCF Margin API

Pull this series into your own models, spreadsheets and apps with the Business Quant Historical Metrics API. The request below matches the chart above — change the frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.

https://data.businessquant.com/historic?slug=fcf-margin&ticker=AAON&period=max&api_key=YOUR_API_KEY