AAON Inc (AAON)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 397,109 | 431,233 | 433,184 | 414,108 | 399,020 | 365,822 | 315,304 | 268,662 | 237,572 | 185,578 | 156,006 | 150,737 | 137,830 | 145,206 | 150,035 | 146,059 | 155,849 | 157,998 | 144,560 | 136,633 |
| Revenue (ttm) | US$ in thousands | 1,200,635 | 1,209,555 | 1,194,273 | 1,164,664 | 1,168,518 | 1,116,478 | 1,047,113 | 971,970 | 888,788 | 770,472 | 666,438 | 601,500 | 534,517 | 514,935 | 511,136 | 492,856 | 514,551 | 520,425 | 499,153 | 492,994 |
| Gross profit margin | 33.07% | 35.65% | 36.27% | 35.56% | 34.15% | 32.77% | 30.11% | 27.64% | 26.73% | 24.09% | 23.41% | 25.06% | 25.79% | 28.20% | 29.35% | 29.64% | 30.29% | 30.36% | 28.96% | 27.71% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $397,109K ÷ $1,200,635K
= 33.07%
AAON Inc's gross profit margin has fluctuated over the period from March 31, 2020, to December 31, 2024. The trend shows some variability, indicating changes in the company's ability to generate profits from its core operations.
The gross profit margin started at 27.71% in March 2020 and reached a peak of 36.27% in June 2024, reflecting a notable improvement in profitability. However, by the end of the period in December 2024, the gross profit margin had decreased to 33.07%.
It is essential to note the overall upward trend in the initial years followed by a slight decline towards the end of the period. This could suggest shifts in costs, pricing strategies, or competitive pressures impacting the company's ability to maintain high levels of gross profitability.
Assessing the factors influencing these fluctuations in the gross profit margin can provide valuable insights into AAON Inc's operational efficiency, pricing strategies, cost management, and overall financial health.
Peer comparison
Dec 31, 2024