AAON Inc (AAON)
Profitability ratios
Return on sales
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Gross profit margin | 33.07% | 34.15% | 26.73% | 25.79% | 30.29% |
| Operating profit margin | 17.42% | 19.47% | 14.26% | 12.96% | 19.79% |
| Pretax margin | 17.21% | 19.10% | 14.01% | 12.94% | 19.82% |
| Net profit margin | 14.04% | 15.20% | 11.29% | 10.99% | 15.35% |
Based on the provided data, AAON Inc's profitability ratios have exhibited fluctuations over the years.
1. Gross Profit Margin: AAON Inc's gross profit margin declined from 30.29% in 2020 to 25.79% in 2021, but then showed a slight improvement in 2022 and 2023, reaching 26.73% and 34.15%, respectively. In 2024, the gross profit margin declined slightly to 33.07%.
2. Operating Profit Margin: The company's operating profit margin decreased from 19.79% in 2020 to 12.96% in 2021. However, there was an upward trend in the following years, with the operating profit margin improving to 14.26%, 19.47%, and 17.42% in 2022, 2023, and 2024, respectively.
3. Pretax Margin: AAON Inc's pretax margin followed a similar pattern to the operating profit margin, showing a decline in 2021, followed by an improvement in the subsequent years. The pretax margin increased from 12.94% in 2021 to 14.01%, 19.10%, and 17.21% in 2022, 2023, and 2024, respectively.
4. Net Profit Margin: The net profit margin of AAON Inc also experienced a decrease from 15.35% in 2020 to 10.99% in 2021. Subsequently, there were improvements in 2022 and 2023, with net profit margins of 11.29% and 15.20%, before slightly declining to 14.04% in 2024.
Overall, AAON Inc's profitability ratios have shown a mix of ups and downs over the years, indicating some volatility in the company's ability to generate profits relative to its revenue and expenses. It would be important to further analyze the factors influencing these fluctuations to assess the company's financial performance effectively.
Return on investment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 17.79% | 24.16% | 15.57% | 10.65% | 22.68% |
| Return on assets (ROA) | 14.34% | 18.87% | 12.33% | 9.04% | 17.60% |
| Return on total capital | 27.87% | 32.84% | 22.68% | 14.87% | 27.18% |
| Return on equity (ROE) | 20.44% | 24.16% | 17.90% | 12.60% | 22.52% |
Based on the provided data, the profitability ratios for AAON Inc have exhibited fluctuating trends over the years:
1. Operating Return on Assets (Operating ROA):
- AAON Inc's Operating ROA decreased from 22.68% in 2020 to 10.65% in 2021, before showing an improvement to 15.57% in 2022 and further to 24.16% in 2023. By the end of 2024, the Operating ROA stood at 17.79%.
2. Return on Assets (ROA):
- The ROA ratio also followed a similar pattern, starting at 17.60% in 2020 and declining to 9.04% in 2021. However, it rebounded to 12.33% in 2022, increased further to 18.87% in 2023, and then settled at 14.34% by the end of 2024.
3. Return on Total Capital:
- AAON Inc's Return on Total Capital decreased from 27.18% in 2020 to 14.87% in 2021, before improving to 22.68% in 2022 and further to 32.84% in 2023. It slightly declined to 27.87% by the end of 2024.
4. Return on Equity (ROE):
- The ROE ratio decreased from 22.52% in 2020 to 12.60% in 2021, before showing some recovery to 17.90% in 2022 and further increasing to 24.16% in 2023. Finally, by the end of 2024, the ROE was at 20.44%.
Overall, while there have been fluctuations in the profitability ratios of AAON Inc over the years, the company managed to demonstrate an improvement in some ratios, indicating varying levels of efficiency in utilizing assets and generating returns for shareholders.