AAON Inc (AAON)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 227,494 | 210,208 | 182,244 | 147,957 | 126,761 | 85,606 | 69,043 | 73,802 | 69,253 | 89,528 | 95,522 | 92,502 | 101,836 | 99,344 | 88,243 | 83,337 | 67,011 | 60,911 | 66,042 | 63,268 |
| 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 |
| Operating profit margin | 19.53% | 18.85% | 17.42% | 15.18% | 14.21% | 11.07% | 10.28% | 12.20% | 12.87% | 17.31% | 18.63% | 18.68% | 19.69% | 19.00% | 17.60% | 16.86% | 14.26% | 13.25% | 14.39% | 14.08% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $227,494K ÷ $1,164,845K
= 19.53%
To analyze AAON Inc.'s operating profit margin trend, we observe a consistent improvement over the quarters presented. Starting from Q1 2022 at 12.31%, the operating profit margin increased steadily, reaching 19.47% by Q4 2023. This upward trend indicates enhanced operational efficiency and cost management within the company. The progressive growth in operating profit margin suggests that AAON Inc. has been successful in increasing profitability relative to its revenue over the quarters, reflecting positively on the company's financial performance and potential for sustained profitability.
Peer comparison
Dec 31, 2023