Filing Flows › Aaon (AAON) › Q2 2025
Aaon (AAON) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
Aaon (AAON) reported revenue of $312M for the second quarter 2025 (Q2 2025), -0.6% from a year earlier and -3% from the quarter before. Operating margin was 7.6%, net earnings $15.5M (5.0% of revenue).
Aaon, Q2 2025: revenue $312M (-0.6% year over year), operating margin 7.6%, net earnings $15.5M, operating cash flow −$21.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $312M | -3% | -0.6% |
| Gross profit | $82.7M | -4% | -27% |
| Operating profit | $23.6M | -33% | -65% |
| Net earnings | $15.5M | -47% | -70% |
| Operating cash flow | −$21.8M | — | — |
What changed
Revenue was $311.6M in Q2 2025, down 1% year over year and down 3% from the previous quarter. AAON Oklahoma was the largest line at 59% of revenue. AAON Oklahoma lost $40.6M year over year (down 18%), 2031% of the total change.
Gross margin was 26.6%, down 9.5 points from a year earlier. Operating profit was $23.6M, a 7.6% margin (down 13.9 points year over year). Operating expenses grew 29% against a revenue fall of 1%. Net earnings were $15.5M, down 70% year over year. The effective tax rate was 20.6%.
Operating cash flow was −$21.8M. Non-cash charges added back $19.9M of depreciation and amortization and $4.8M of share-based compensation. Working capital and other items used $62.0M. Capital expenditures of $35.8M exceeded it, leaving free cash flow of −$57.6M.
Questions
What was Aaon's revenue in the second quarter 2025?
Aaon (AAON) reported revenue of $312M for the second quarter 2025 (Q2 2025), -0.6% from a year earlier and -3% from the quarter before.
Was Aaon profitable in the second quarter 2025?
Operating profit was $23.6M (7.6% of revenue) and net earnings $15.5M.
Source: Aaon 10-Q on SEC EDGAR.