AAON vs Quanex Building Products
Quanex Building Products is the larger business, with $1.84bn of revenue in fiscal 2025 against $1.44bn for AAON (1.3 times as much). Quanex Building Products grew faster (43.8% against 20.1%). AAON kept more of each dollar of sales as profit: a net margin of 7.5% against -13.6%.
| Latest fiscal year | AAONAAON, 2025 | Quanex Building ProductsNX, 2025 |
|---|---|---|
| Revenue | $1.44bn | $1.84bn |
| Revenue growth | 20.1% | 43.8% |
| Net income | $108m | −$251m |
| Operating margin | — | -10.6% |
| Net margin | 7.5% | -13.6% |
| Return on equity | 12.5% | -28.9% |
| Free cash flow | $534,000 | $102m |
| Cash | $13,000 | $76.0m |
| Total debt | $360m | $704m |
| Debt to equity | — | 96.9% |
| Dividend per share | $0.40 | $0.32 |
| Dividend yield | 0.6% | 1.5% |
| Share buybacks | $30.0m | $32.4m |
| Employees | 5,897 | 7,071 |
| Market value | $5.71bn | $971m |
| Price vs our value range | Above our value range | Below our value range |
| Moat score | 62 (Moderate) | 47 (Moderate) |
| Insider trades, 12 months | 5 buys, 25 sales | 0 buys, 2 sales |