AAON Inc (AAON)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 177,623 | 169,472 | 148,867 | 119,131 | 100,376 | 67,664 | 55,772 | 60,441 | 58,758 | 71,464 | 76,343 | 73,532 | 79,009 | 77,390 | 71,220 | 66,807 | 53,711 | 49,402 | 49,626 | 47,932 |
| Revenue (ttm) | US$ in thousands | 1,164,845 | 1,115,007 | 1,046,379 | 974,572 | 891,972 | 773,593 | 671,628 | 605,145 | 538,153 | 517,306 | 512,603 | 495,316 | 517,101 | 522,975 | 501,374 | 494,292 | 469,759 | 459,553 | 458,954 | 449,244 |
| Net profit margin | 15.25% | 15.20% | 14.23% | 12.22% | 11.25% | 8.75% | 8.30% | 9.99% | 10.92% | 13.81% | 14.89% | 14.85% | 15.28% | 14.80% | 14.20% | 13.52% | 11.43% | 10.75% | 10.81% | 10.67% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $177,623K ÷ $1,164,845K
= 15.25%
The net profit margin of AAON Inc. has shown a consistent upward trend over the past eight quarters, indicating an improvement in the company's profitability. In Q1 2022, the net profit margin was 10.05%, which increased to 12.26% in Q1 2023. The margin continued to rise in subsequent quarters, reaching 15.18% in Q3 2023 and peaking at 15.20% in Q4 2023.
This positive trend suggests that AAON Inc. has been effectively controlling its costs and operating more efficiently, leading to higher profitability. A higher net profit margin indicates that the company is generating more profit from each dollar of revenue, which can be a positive sign for investors and stakeholders.
Overall, the consistent increase in net profit margin reflects AAON Inc.'s ability to translate its revenue into profits and indicates a strong financial performance during the period under review.
Peer comparison
Dec 31, 2023