AAON (AAON) vs Gates Industrial (GTES)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Gates Industrial (GTES) has outperformed AAON (AAON) over the past year, gaining 8.0% versus a loss of 15.4%. Over five years, AAON leads with a +86.7% price change compared with +66.6% for GTES. AAON is the larger company by market cap ($7.18 billion vs $6.94 billion), about 1.0 times the size.
On valuation, Gates Industrial trades at a lower forward P/E (14.2x vs 24.9x for AAON). AAON pays a dividend yielding 0.46%, while Gates Industrial does not currently pay one. AAON converts more of its revenue into profit, with a net margin of 7.5% versus 7.3%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AAON | GTES |
|---|---|---|
| Share price | $87.13 | $27.41 |
| Market cap | $7.18B | $6.94B |
| 1-day change | -1.07% | -2.97% |
| YTD return | +14.27% | +27.67% |
| 1-year return | -15.44% | +7.96% |
| 5-year return | +86.71% | +66.63% |
| P/E ratio (TTM) | 45.86 | 19.44 |
| Forward P/E | 24.91 | 14.20 |
| EPS (TTM) | $1.90 | $1.41 |
| Dividend yield | 0.46% | 0.00% |
| Annual dividend | $0.40 | $0.00 |
| Revenue (latest FY) | $1.44B | $3.44B |
| Revenue growth (YoY) | +20.11% | +1.03% |
| Net income (latest FY) | $107.59M | $251.40M |
| Gross margin | 26.75% | 39.84% |
| Operating margin | 10.14% | 13.51% |
| Net margin | 7.46% | 7.30% |
| 52-week high | $150.46 | $30.34 |
| 52-week low | $73.19 | $20.88 |
| Distance from 52-week high | -42.09% | -9.66% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +54.65% | +21.31% |
| Average volume | 1.16M | 1.84M |
| Shares outstanding | 82.45M | 253.15M |
| Employees | 5,897 | 13,000 |
| Sector | Industrials | Industrials |
| Industry | Industrial Machinery/Components | Industrial Machinery/Components |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- GTES has outperformed AAON by 23.4 percentage points over the past year.
- AAON trades at a higher earnings multiple (45.9x vs 19.4x trailing P/E).
- AAON grew revenue faster in its latest fiscal year (+20.11% vs +1.03%).
About AAON
AAON stock →AAON, Inc., together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX.
Industrials · Industrial Machinery/Components · 5,897 employees
About Gates Industrial
GTES stock →Gates Industrial Corporation Ltd. manufactures and sells engineered power transmission and fluid power solutions in the United States, rest of North America, South America, the United Kingdom, Luxembourg, rest of Europe, the Middle East, Africa, India, East Asia, and Greater China.
Industrials · Industrial Machinery/Components · 13,000 employees
AAON vs GTES FAQ
Which is bigger, AAON or Gates Industrial?
AAON (AAON) is larger, with a market capitalization of $7.18B compared with $6.94B for Gates Industrial (GTES).
Which stock has performed better over the past year, AAON or GTES?
GTES returned +7.96% over the past 12 months, compared with -15.44% for AAON (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AAON or GTES?
GTES has the lower trailing P/E at 19.4, versus 45.9 for AAON. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, AAON or Gates Industrial?
AAON pays a dividend yielding 0.46%, while Gates Industrial does not currently pay a regular dividend.
Are AAON and Gates Industrial in the same industry?
Yes. Both are classified in the Industrial Machinery/Components industry within the Industrials sector.