AAON vs Trex
AAON reported revenue of $1.4 billion in fiscal 2025, 1.2 times Trex's $1.2 billion in fiscal 2025. AAON's revenue grew 20.1% in its latest year, and Trex's grew 2.0%. AAON had an operating margin of 10.1%, against 22.0% at Trex.
Side by side
| AAON | Trex | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $1.4B | $1.2B |
| Revenue growth | 20.1% | 2.0% |
| Revenue growth a year, last 5 years | 22.9% | 5.9% |
| Gross margin | 26.8% | 39.2% |
| Operating margin | 10.1% | 22.0% |
| Net margin | 7.5% | 16.2% |
| Free cash flow | — | $135M |
| Free cash flow margin | — | 11.5% |
| Return on capital | 10.8% | — |
| Net debt to EBITDA | 1.8x | — |
| Dividends and buybacks | $63M | $54M |
| Change in diluted share count | −0.6% | −1.1% |
| Last close | $70.80 | $49.57 |
| P/E at the last close | 37.1× | 29.3× |
| Insider trades, last 12 months | bought $593,984, sold $23.2 million | bought $982,391, sold $122,574 |
| Piotroski F-score | 3 of 9 | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
AAONTrex
Operating margin
Percent of revenue
AAONTrex
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
AAONTrex