Aaon (AAON) Gross Margin (2010 - 2025)
Aaon recorded quarterly Gross Margin of 25.88% in Q4 2025, down 6.96% quarter-over-quarter from 27.81% in Q3 2025, and down 19.0% year-over-year from 31.95% in Q4 2024.
Aaon's Gross Margin history runs 16 years deep, the most recent figure standing at 25.88% for Q4 2025.
- In Q4 2025, Gross Margin fell 19.0% year-over-year to 25.88%; the TTM figure through Dec 2025 stood at 26.75% (down 633.0% YoY), while the FY2025 annual figure was 26.75%, down 633.0% from the prior year.
- Gross Margin came in at 25.88% for Q4 2025 at Aaon, down from 27.81% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 37.22% in Q3 2023 to a low of 19.48% in Q4 2021.
- A 5-year average of 29.21% and a median of 28.22% in 2021 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin soared 1137 bps in 2022 and slumped 1037 bps in 2024, its largest moves.
- Aaon's Gross Margin stood at 19.48% in 2021, then jumped by 58 bps to 30.85% in 2022, then advanced by 18 bps to 36.44% in 2023, then declined by 28 bps to 26.07% in 2024, then retreated by 1 bps to 25.88% in 2025.
- According to Business Quant data, Gross Margin over the past three periods registered 25.88%, 27.81%, and 26.55% for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.95 Bn | 98.89 Bn | 1.73 Bn | 34.77% |
| 2 | Johnson Controls International | 84.54 Bn | 84.01 Bn | 2.07 Bn | 35.78% |
| 3 | Carrier Global | 52.72 Bn | 51.70 Bn | 4.82 Bn | 90.17% |
| 4 | Lennox International | 16.87 Bn | 16.82 Bn | 351.30 Mn | 30.95% |
| 5 | Masco | 13.72 Bn | 13.60 Bn | 686.00 Mn | 35.77% |
| 6 | Carlisle Companies | 13.62 Bn | 12.85 Bn | 363.20 Mn | 34.52% |
| 7 | Aaon | 10.97 Bn | 10.97 Bn | 109.77 Mn | 25.88% |
| 8 | SPX Technologies | 10.37 Bn | 10.22 Bn | 230.60 Mn | 40.68% |
| 9 | Advanced Drainage Systems | 10.34 Bn | 10.19 Bn | 237.66 Mn | 35.12% |
| 10 | Owens Corning | 9.48 Bn | 9.24 Bn | 510.00 Mn | 22.52% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 25.88% |
| Sep 30, 2025 | 27.81% |
| Jun 30, 2025 | 26.55% |
| Mar 31, 2025 | 26.82% |
| Dec 31, 2024 | 26.07% |
| Sep 30, 2024 | 34.88% |
| Jun 30, 2024 | 36.07% |
| Mar 31, 2024 | 35.19% |
| Dec 31, 2023 | 36.44% |
| Sep 30, 2023 | 37.22% |
| Jun 30, 2023 | 33.11% |
| Mar 31, 2023 | 29.01% |
| Dec 31, 2022 | 30.85% |
| Sep 30, 2022 | 27.04% |
| Jun 30, 2022 | 22.69% |
| Mar 31, 2022 | 25.20% |
| Dec 31, 2021 | 19.48% |
| Sep 30, 2021 | 25.99% |
| Jun 30, 2021 | 29.27% |
| Mar 31, 2021 | 28.64% |
| Dec 31, 2020 | 29.07% |
| Sep 30, 2020 | 30.31% |
| Jun 30, 2020 | 30.36% |
| Mar 31, 2020 | 31.24% |
| Dec 31, 2019 | 29.68% |
| Sep 30, 2019 | 24.15% |
| Jun 30, 2019 | 25.29% |
| Mar 31, 2019 | 22.34% |
| Dec 31, 2018 | 24.79% |
| Sep 30, 2018 | 29.07% |
| Jun 30, 2018 | 25.24% |
| Mar 31, 2018 | 15.34% |
| Dec 31, 2017 | 29.83% |
| Sep 30, 2017 | 31.37% |
| Jun 30, 2017 | 31.26% |
| Mar 31, 2017 | 29.03% |
| Dec 31, 2016 | 28.92% |
| Sep 30, 2016 | 31.65% |
| Jun 30, 2016 | 32.00% |
| Mar 31, 2016 | 30.12% |
| Dec 31, 2015 | 30.42% |
| Sep 30, 2015 | 31.99% |
| Jun 30, 2015 | 30.04% |
| Mar 31, 2015 | 28.39% |
| Dec 31, 2014 | 29.73% |
| Sep 30, 2014 | 32.40% |
| Jun 30, 2014 | 30.20% |
| Mar 31, 2014 | 28.61% |
| Dec 31, 2013 | 27.51% |
| Sep 30, 2013 | 29.68% |
| Jun 30, 2013 | 30.33% |
| Mar 31, 2013 | 22.91% |
| Dec 31, 2012 | 24.01% |
| Sep 30, 2012 | 22.32% |
| Jun 30, 2012 | 25.32% |
| Mar 31, 2012 | 20.81% |
| Dec 31, 2011 | 13.64% |
| Sep 30, 2011 | 19.31% |
| Jun 30, 2011 | 16.99% |
| Mar 31, 2011 | 19.42% |
| Dec 31, 2010 | 21.56% |
| Sep 30, 2010 | 19.26% |
| Jun 30, 2010 | 24.03% |