Aaon (AAON) Gross Margin (2010 - 2026)
Aaon (AAON) reported Gross Margin of 24.32% for Q2 2026, down 2.23 percentage points from 26.55% a year earlier and down 0.83 percentage points from the prior quarter.
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Analysis
Aaon (AAON) Gross Margin (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Aaon's Gross Margin came in at 25.57%, down 3.10 percentage points year-over-year; for FY2025, it was 26.75%, down 6.33 percentage points from FY2024.
- Gross Margin has a five-year change of -3.54 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 33.07% in FY2024 (-1.07 pp), 34.15% in FY2023 (+7.42 pp), 26.73% in FY2022 (+0.94 pp) and 25.79% in FY2021 (-4.50 pp).
- The Q2 2026 figure ranks as the lowest quarterly Gross Margin since Q2 2022.
- Year over year, Gross Margin has now declined in each of the last eight quarters, with an average year-over-year change of -5.22 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q4 2022 (a gain of 11.37 percentage points); the low point was Q4 2024 (a drop of 10.37 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 25.15% (Q1 2026), 25.88% (Q4 2025) and 27.81% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 104.14 Bn | 98.86 Bn | 2.26 Bn | 35.57% |
| 2 | Johnson Controls International | 91.59 Bn | 89.32 Bn | 2.47 Bn | 37.41% |
| 3 | Comfort Systems Usa | 49.30 Bn | 44.56 Bn | 844.23 Mn | 25.85% |
| 4 | Carrier Global | 46.68 Bn | 40.99 Bn | 1.94 Bn | 30.59% |
| 5 | Otis Worldwide | 27.65 Bn | 24.06 Bn | 1.14 Bn | 29.52% |
| 6 | James Hardie Industries | 15.30 Bn | 14.37 Bn | 548.70 Mn | 37.21% |
| 7 | Masco | 14.84 Bn | 12.70 Bn | 868.00 Mn | 43.57% |
| 8 | Carlisle Companies | 13.70 Bn | 10.04 Bn | 568.40 Mn | 36.20% |
| 9 | Allegion | 13.58 Bn | 12.29 Bn | 517.50 Mn | 44.94% |
| 10 | Aaon | 6.19 Bn | 6.19 Bn | 152.49 Mn | 24.32% |
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% |
API Access
Aaon Gross 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=gross-margin&ticker=AAON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "AAON", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=AAON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();