Aaon (AAON) Gross Margin (2010 - 2025)
Aaon's (AAON) quarterly Gross Margin came in at 25.88% in Q4 2025, down 19.0% year-on-year from 31.95% in Q4 2024, and down 6.96% quarter-over-quarter from 27.81% in Q3 2025.
Aaon (AAON) Gross Margin (2010 - 2025) Analysis & Trends
Aaon has disclosed Gross Margin across 16 years of filings, most recently posting 25.88% for Q4 2025.
- Gross Margin for Q4 2025 came in at 25.88%, down 19.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 26.75% (down 633.0% YoY), and the FY2025 annual result 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.
- The 5-year median for Gross Margin is 28.22% (2021), against an average of 29.21%.
- Across the five-year window, Gross Margin surged 1137 bps in 2022 and tumbled 1037 bps in 2024, its largest moves.
- Aaon's Gross Margin stood at 19.48% in 2021, then soared by 58 bps to 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.
- The last three Gross Margin figures came in at 25.88% (Q4 2025), 27.81% (Q3 2025), and 26.55% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 107.22 Bn | 106.17 Bn | 1.73 Bn | 34.77% |
| 2 | Johnson Controls International | 89.13 Bn | 88.60 Bn | 2.07 Bn | 35.78% |
| 3 | Carrier Global | 60.07 Bn | 59.04 Bn | 4.82 Bn | 90.17% |
| 4 | Lennox International | 18.56 Bn | 18.51 Bn | 351.30 Mn | 30.95% |
| 5 | Masco | 15.26 Bn | 15.14 Bn | 686.00 Mn | 35.77% |
| 6 | Carlisle Companies | 14.75 Bn | 13.98 Bn | 363.20 Mn | 34.52% |
| 7 | SPX Technologies | 12.03 Bn | 11.87 Bn | 230.60 Mn | 40.68% |
| 8 | Advanced Drainage Systems | 11.45 Bn | 11.30 Bn | 237.66 Mn | 35.12% |
| 9 | Aaon | 11.16 Bn | 11.16 Bn | 109.77 Mn | 25.88% |
| 10 | Owens Corning | 10.30 Bn | 10.07 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% |