Aaon (AAON) Gross Margin (2010 - 2026)

Aaon (AAON) posted Gross Margin of 25.88% for Q4 2025, down 6.96% sequentially from 27.81% in Q3 2025, and down 19.0% YoY from 31.95% in Q4 2024.

Aaon (AAON) Gross Margin (2010 - 2026) Analysis & Trends

Aaon has reported Gross Margin for 16 years, with the latest figure at 25.88% in Q4 2025.

Quarterly Gross Margin fell 19.0% year-over-year to 25.88% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 26.75% (down 633.0% YoY) and the FY2025 annual result came in at 26.75%, down 633.0% from the prior year.
Gross Margin eased to 25.88% in Q4 2025 per AAON's latest filing, from 27.81% in the prior quarter.
Over five years, Gross Margin peaked at 37.22% in Q3 2023 and troughed at 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.
The sharpest annual moves came in 2022 and 2024: Gross Margin jumped 1137 bps in 2022, then tumbled 1037 bps in 2024.
Over 5 years, Gross Margin stood at 19.48% in 2021, then surged by 58 bps to 30.85% in 2022, then climbed by 18 bps to 36.44% in 2023, then fell by 28 bps to 26.07% in 2024, then decreased 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.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Trane Technologies	100.23 Bn	98.91 Bn	2.26 Bn	35.57%
2	Johnson Controls International	87.61 Bn	86.97 Bn	2.47 Bn	37.41%
3	Carrier Global	50.10 Bn	48.75 Bn	1.94 Bn	30.59%
4	Carlisle Companies	14.74 Bn	14.07 Bn	568.40 Mn	36.20%
5	Masco	14.65 Bn	14.10 Bn	868.00 Mn	43.57%
6	Lennox International	14.07 Bn	14.01 Bn	539.50 Mn	34.91%
7	Owens Corning	11.95 Bn	11.67 Bn	793.00 Mn	28.77%
8	Advanced Drainage Systems	10.95 Bn	10.79 Bn	408.05 Mn	40.76%
9	SPX Technologies	10.21 Bn	10.05 Bn	272.80 Mn	40.18%
10	Aaon	6.51 Bn	6.51 Bn	152.49 Mn	24.32%

Download Data