Aaon (AAON) Operating Margin (2010 - 2026)
Aaon's Operating Margin came in at 10.99% for Q2 2026, up 3.42 percentage points from 7.57% a year earlier but down 0.50 percentage points from the prior quarter.
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Analysis
Aaon (AAON) Operating Margin (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Aaon reported Operating Margin of 11.05%, down 1.16 percentage points year-over-year; for FY2025, it was 10.14%, down 7.28 percentage points from FY2024.
- Operating Margin carries a five-year change of -9.65 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 17.42% in FY2024 (-2.05 pp), 19.47% in FY2023 (+5.21 pp), 14.26% in FY2022 (+1.31 pp) and 12.96% in FY2021 (-6.84 pp).
- The five-year range for quarterly Operating Margin is 3.99% (Q4 2021) to 21.43% (Q2 2024).
- Year-over-year, Operating Margin has increased for three consecutive quarters, with an average year-over-year change of -4.59 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q4 2022 (a gain of 14.31 percentage points), and the weakest in Q4 2021 (a drop of 18.04 percentage points).
- Business Quant data shows AAON's Operating Margin at 11.48% (Q1 2026), 10.36% (Q4 2025) and 11.35% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.46 Bn | 94.20 Bn | 2.26 Bn | 19.27% |
| 2 | Johnson Controls International | 90.06 Bn | 87.82 Bn | 2.47 Bn | 14.92% |
| 3 | Comfort Systems Usa | 58.26 Bn | 53.51 Bn | 844.23 Mn | 17.09% |
| 4 | Carrier Global | 45.22 Bn | 39.85 Bn | 1.94 Bn | 12.99% |
| 5 | Otis Worldwide | 24.48 Bn | 21.09 Bn | 1.14 Bn | 14.90% |
| 6 | James Hardie Industries | 14.69 Bn | 13.43 Bn | 548.70 Mn | 14.76% |
| 7 | Masco | 13.29 Bn | 11.40 Bn | 868.00 Mn | 23.59% |
| 8 | Allegion | 13.08 Bn | 11.79 Bn | 517.50 Mn | 22.12% |
| 9 | Carlisle Companies | 12.82 Bn | 9.17 Bn | 568.40 Mn | 22.45% |
| 10 | Aaon | 6.82 Bn | 6.82 Bn | 152.49 Mn | 10.99% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.99% |
| Mar 31, 2026 | 11.48% |
| Dec 31, 2025 | 10.36% |
| Sep 30, 2025 | 11.35% |
| Jun 30, 2025 | 7.57% |
| Mar 31, 2025 | 10.90% |
| Dec 31, 2024 | 9.88% |
| Sep 30, 2024 | 20.02% |
| Jun 30, 2024 | 21.43% |
| Mar 31, 2024 | 17.92% |
| Dec 31, 2023 | 20.83% |
| Sep 30, 2023 | 20.73% |
| Jun 30, 2023 | 19.28% |
| Mar 31, 2023 | 16.62% |
| Dec 31, 2022 | 18.30% |
| Sep 30, 2022 | 15.13% |
| Jun 30, 2022 | 9.79% |
| Mar 31, 2022 | 12.59% |
| Dec 31, 2021 | 3.99% |
| Sep 30, 2021 | 14.53% |
API Access
Aaon Operating 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=operating-margin&ticker=AAON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=AAON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();