AAON Inc (AAON)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 223,154 | 124,533 | 69,182 | 101,975 | 67,031 |
| Revenue | US$ in thousands | 1,163,700 | 891,921 | 538,159 | 524,604 | 469,090 |
| Pretax margin | 19.18% | 13.96% | 12.86% | 19.44% | 14.29% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $223,154K ÷ $1,163,700K
= 19.18%
The pretax margin of AAON Inc. has shown fluctuation over the past five years. The pretax margin increased from 14.28% in 2019 to 19.82% in 2020, reflecting improved profitability. However, there was a decrease in pretax margin to 12.94% in 2021, indicating a decline in profitability.
Subsequently, AAON Inc. saw an increase in pretax margin to 14.01% in 2022, showing some recovery. The most recent data available, for Dec 31, 2023, shows a further improvement in pretax margin to 19.10%, indicating enhanced profitability compared to the previous year.
Overall, while there have been fluctuations in AAON Inc.'s pretax margin over the years, the recent increase in 2023 suggests the company has managed to improve its profitability compared to the previous year.
Peer comparison
Dec 31, 2023