Flagship explainer

What drives AAON, INC.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity13%Tax burden84%net income ÷ pretax incomeInterest burden88%pretax ÷ operating incomeOperating margin10%operating income ÷ revenueAsset turnover1.01×revenue ÷ average assetsEquity multiplier1.66×average assets ÷ average equityAs of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$108MFY2025
Income before tax$129MFY2025
Operating income$146MFY2025
$1.4BFY2025
Ending assets$1.7BFY2025
Beginning assets$1.2BFY2024
$895MFY2025
$825MFY2024
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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AAON dupont explainer — Buy Like Buffett · Buy Like Buffett