Aaon (AAON) Gross Margin (2010 - 2026)
Aaon's (AAON) quarterly Gross Margin came in at 24.32% in Q2 2026, down 223.0% year-over-year from 19.77% in Q2 2025, and down 3.28% quarter-over-quarter from 25.15% in Q1 2026.
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Aaon (AAON) Gross Margin (2010 - 2026) Analysis & Trends
Aaon has disclosed Gross Margin across 17 years of filings, most recently posting 24.32% for Q2 2026.
- In Q2 2026, Gross Margin fell 223.0% year-over-year to 24.32%; the TTM figure through Jun 2026 stood at 25.57% (down 310.0% YoY), while the FY2025 annual figure was 26.75%, down 633.0% from the prior year.
- Gross Margin came in at 24.32% for Q2 2026 at Aaon, down from 25.15% 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 22.69% in Q2 2022.
- Average Gross Margin over 5 years is 29.46%, with a median of 27.42% recorded in 2022.
- Year-over-year, Gross Margin soared 1137 bps in 2022 and slumped 1037 bps in 2024.
- Over 5 years, Gross Margin stood at 30.85% in 2022, then gained by 18 bps to 36.44% in 2023, then dropped by 28 bps to 26.07% in 2024, then fell by 1 bps to 25.88% in 2025, then slipped by 6 bps to 24.32% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 24.32% in Q2 2026, 25.15% in Q1 2026, and 25.88% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 96.94 Bn | 95.62 Bn | 2.26 Bn | 35.57% |
| 2 | Johnson Controls International | 86.86 Bn | 86.22 Bn | 2.47 Bn | 37.41% |
| 3 | Comfort Systems Usa | 55.80 Bn | 53.94 Bn | 844.23 Mn | 25.85% |
| 4 | Carrier Global | 46.70 Bn | 45.36 Bn | 1.94 Bn | 30.59% |
| 5 | Lennox International | 12.89 Bn | 12.84 Bn | 539.50 Mn | 34.91% |
| 6 | Modine Manufacturing | 9.48 Bn | 9.40 Bn | - | - |
| 7 | SPX Technologies | 9.33 Bn | 9.17 Bn | 272.80 Mn | 40.18% |
| 8 | Smith A O | 7.77 Bn | 7.59 Bn | 387.80 Mn | 38.61% |
| 9 | Aaon | 6.30 Bn | 6.30 Bn | 152.49 Mn | 24.32% |
| 10 | Csw Industrials | 4.80 Bn | 4.77 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.32% |
| Mar 31, 2026 | 25.15% |
| 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% |