AAONAAON, Inc.

$85.36+5.9% 1Y

RyuScore

Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.

RyuScore 60 out of 100, Above average
Today's price. Only valuation depends on it.

Above average. AAON, Inc. scores higher than 54% of the 1,794 companies Ryufin scores.

Carried by return on new capital and return on capital, held back by valuation and capital allocation.

Industrials median 61 · all companies 57

How the score has moved

At each fiscal year end, from the reports and price of the time
65
68
61
62
60
2020202320242025today

The biggest move was down 7 points from 2023 to 2024, mostly valuation.

Valuation

26% of the score

7median 56

AAON, Inc. is valued at 51.1x its operating profit, including debt: a very rich multiple.

60x
50x
35x
25x
18x
12x
8x
51.1x
Full points at 8x or less, none from 60xfull points

Return on capital

18% of the score

84median 34

Over 7 years the business earned 17% a year after tax on the capital it uses.

2%
8%
15%
25%
17%
None at 2% or less, full points from 25%full points
Return on capital by year
7 years agolatest 10%

Return on new capital

16% of the score

100median 49

For every dollar of operating profit earned over 6 years, yearly profit grew by 12 cents. New capital earned 10%, and 118% of profit went back into the business.

-5%
12%
12%
None at minus 5 cents, full points from 12 centsfull points

Capital allocation

14% of the score

44median 64

How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.

Share countUp 0.9% a year over 5 years: new shares
52
5%
-3%
0.9%
0 pointsfull points
Assets against salesAssets grew 30% a year, sales 23%
33
12%
-2%
7.4%
0 pointsfull points

Cycle position

12% of the score

100median 62

Today's operating margin of 11% is 0.70x its normal 16%: near a trough. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.

2x
1.5x
1x
0.7x
0.7x
A trough earns points, a peak costs themfull points
Operating margin by year, against its normal level
10 years agonow 11%

Balance sheet

8% of the score

100median 50

What the debt weighs against the profit that has to carry it.

Net debt to EBITDAMore cash than debt
100
Interest coverOperating profit covers interest 4852x
100
1.5x
12x
4852.2x
0 pointsfull points

Earnings quality

6% of the score

6median 90

Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.

Cash against profitOperating cash flow was 0.78x profit over 3 years
15
0.7x
1x
1.3x
0.8x
0 pointsfull points
AccrualsProfit ran ahead of cash by 7.5% of assets
4
8%
0%
-8%
7.5%
0 pointsfull points
Beneish M-score-1.39, above the usual warning line
0
-1.50
-1.78
-2.22
-3.00
-1.39
0 pointsfull points

How the RyuScore works

Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.

Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-06-30, latest annual report FY2025.