AAON (AAON) vs SPX Technologies (SPXC)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
SPX Technologies (SPXC) has outperformed AAON (AAON) over the past year, losing 9.4% versus a loss of 15.4%. Over five years, SPXC leads with a +186.4% price change compared with +86.7% for AAON. SPX Technologies is the larger company by market cap ($8.44 billion vs $7.09 billion), about 1.2 times the size, while AAON is growing revenue faster (+20.1% vs +14.2%).
On valuation, SPX Technologies trades at a lower forward P/E (17.3x vs 24.6x for AAON). AAON pays a dividend yielding 0.47%, while SPX Technologies does not currently pay one. SPX Technologies converts more of its revenue into profit, with a net margin of 10.8% versus 7.5%.
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 | SPXC |
|---|---|---|
| Share price | $85.95 | $168.58 |
| Market cap | $7.09B | $8.44B |
| 1-day change | -1.35% | -1.20% |
| YTD return | +14.27% | -14.72% |
| 1-year return | -15.44% | -9.40% |
| 5-year return | +86.71% | +186.37% |
| P/E ratio (TTM) | 45.24 | 29.73 |
| Forward P/E | 24.57 | 17.30 |
| EPS (TTM) | $1.90 | $5.67 |
| Dividend yield | 0.47% | 0.00% |
| Annual dividend | $0.40 | $0.00 |
| Revenue (latest FY) | $1.44B | $2.27B |
| Revenue growth (YoY) | +20.11% | +14.17% |
| Net income (latest FY) | $107.59M | $244.00M |
| Gross margin | 26.75% | 40.51% |
| Operating margin | 10.14% | 15.47% |
| Net margin | 7.46% | 10.77% |
| 52-week high | $150.46 | $251.08 |
| 52-week low | $73.19 | $166.17 |
| Distance from 52-week high | -42.88% | -32.86% |
| Analyst consensus | strong_buy | strong_buy |
| Avg. price target upside | +56.78% | +52.66% |
| Average volume | 1.16M | 545.40K |
| Shares outstanding | 82.45M | 50.09M |
| Employees | 5,897 | 4,700 |
| 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
- AAON trades at a higher earnings multiple (45.2x vs 29.7x trailing P/E).
- AAON grew revenue faster in its latest fiscal year (+20.11% vs +14.17%).
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 SPX Technologies
SPXC stock →SPX Technologies, Inc. engages in the supply of engineered solutions serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets in the United States, Canada, China, the United Kingdom, and internationally.
Industrials · Industrial Machinery/Components · 4,700 employees
AAON vs SPXC FAQ
Which is bigger, AAON or SPX Technologies?
SPX Technologies (SPXC) is larger, with a market capitalization of $8.44B compared with $7.09B for AAON (AAON).
Which stock has performed better over the past year, AAON or SPXC?
SPXC returned -9.40% 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 SPXC?
SPXC has the lower trailing P/E at 29.7, versus 45.2 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 SPX Technologies?
AAON pays a dividend yielding 0.47%, while SPX Technologies does not currently pay a regular dividend.
Are AAON and SPX Technologies in the same industry?
Yes. Both are classified in the Industrial Machinery/Components industry within the Industrials sector.