MHK vs. AAON

Last updated Apr 2, 2026

Compare and contrast key facts about Mohawk Industries, Inc. (MHK) and AAON, Inc. (AAON).

Performance

MHK vs. AAON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mohawk Industries, Inc. (MHK) and AAON, Inc. (AAON). The values are adjusted to include any dividend payments, if applicable.

MHK vs. AAON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MHK Mohawk Industries, Inc.	-9.01%	-8.25%	15.10%	1.25%	-43.89%	29.25%	3.35%	16.60%	-57.61%	38.17%
AAON AAON, Inc.	9.84%	-34.91%	59.88%	47.86%	-4.55%	19.84%	35.71%	41.88%	-3.59%	11.84%

Fundamentals

Market Cap MHK : $6.16B AAON : $6.95B
EPS MHK : $5.93 AAON : $1.30
PE Ratio MHK : 16.78 AAON : 64.53
PEG Ratio MHK : 0.03 AAON : 2.58
PS Ratio MHK : 0.58 AAON : 4.81
PB Ratio MHK : 0.73 AAON : 7.77
Total Revenue (TTM) MHK : $10.79B AAON : $1.44B
Gross Profit (TTM) MHK : $2.62B AAON : $385.72M
EBITDA (TTM) MHK : $1.17B AAON : $205.26M

Returns By Period

In the year-to-date period, MHK achieves a -9.01% return, which is significantly lower than AAON's 9.84% return. Over the past 10 years, MHK has underperformed AAON with an annualized return of -6.39%, while AAON has yielded a comparatively higher 16.84% annualized return.

MHK

• 1D: 1.01%
• 1M: -16.58%
• YTD: -9.01%
• 6M: -22.85%
• 1Y: -13.53%
• 3Y*: -0.26%
• 5Y*: -12.89%
• 10Y*: -6.39%

AAON

• 1D: 1.09%
• 1M: -20.03%
• YTD: 9.84%
• 6M: -12.59%
• 1Y: 6.16%
• 3Y*: 9.55%
• 5Y*: 12.69%
• 10Y*: 16.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MHK vs. AAON — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MHK

MHK Risk / Return Rank: 25
MHK Sharpe Ratio Rank: 25
MHK Sortino Ratio Rank: 23
MHK Omega Ratio Rank: 23
MHK Calmar Ratio Rank: 28
MHK Martin Ratio Rank: 26

AAON

AAON Risk / Return Rank: 44
AAON Sharpe Ratio Rank: 44
AAON Sortino Ratio Rank: 43
AAON Omega Ratio Rank: 41
AAON Calmar Ratio Rank: 46
AAON Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MHK vs. AAON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mohawk Industries, Inc. (MHK) and AAON, Inc. (AAON). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	MHK	AAON	Difference
Sharpe ratio Return per unit of total volatility	-0.35	0.11	-0.47
Sortino ratio Return per unit of downside risk	-0.28	0.56	-0.84
Omega ratio Gain probability vs. loss probability	0.97	1.07	-0.10
Calmar ratio Return relative to maximum drawdown	-0.41	0.23	-0.64
Martin ratio Return relative to average drawdown	-0.89	0.41	-1.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MHK vs. AAON - Sharpe Ratio Comparison

The current MHK Sharpe Ratio is -0.35, which is lower than the AAON Sharpe Ratio of 0.11. The chart below compares the historical Sharpe Ratios of MHK and AAON, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MHK	AAON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.35	0.11	-0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.33	0.30	-0.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.16	0.44	-0.59
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.50	-0.29

Correlation

The correlation between MHK and AAON is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MHK vs. AAON - Dividend Comparison

MHK has not paid dividends to shareholders, while AAON's dividend yield for the trailing twelve months is around 0.48%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MHK Mohawk Industries, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
AAON AAON, Inc.	0.48%	0.52%	0.27%	0.43%	0.57%	0.48%	0.57%	0.65%	0.91%	0.71%	0.73%	0.95%

Drawdowns

MHK vs. AAON - Drawdown Comparison

The maximum MHK drawdown since its inception was -83.44%, which is greater than AAON's maximum drawdown of -76.03%. Use the drawdown chart below to compare losses from any high point for MHK and AAON.

Drawdown Indicators

	MHK	AAON	Difference
Max Drawdown Largest peak-to-trough decline	-83.44%	-76.03%	-7.41%
Max Drawdown (1Y) Largest decline over 1 year	-31.77%	-32.76%	+0.99%
Max Drawdown (5Y) Largest decline over 5 years	-66.68%	-48.86%	-17.82%
Max Drawdown (10Y) Largest decline over 10 years	-79.40%	-48.86%	-30.54%
Current Drawdown Current decline from peak	-65.08%	-40.19%	-24.89%
Average Drawdown Average peak-to-trough decline	-30.84%	-19.26%	-11.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.58%	18.42%	-3.84%

Volatility

MHK vs. AAON - Volatility Comparison

The current volatility for Mohawk Industries, Inc. (MHK) is 11.53%, while AAON, Inc. (AAON) has a volatility of 14.97%. This indicates that MHK experiences smaller price fluctuations and is considered to be less risky than AAON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MHK	AAON	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.53%	14.97%	-3.44%
Volatility (6M) Calculated over the trailing 6-month period	25.42%	33.87%	-8.45%
Volatility (1Y) Calculated over the trailing 1-year period	38.47%	54.46%	-15.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.95%	42.28%	-3.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.77%	38.65%	+2.12%

Financials

MHK vs. AAON - Profitability Comparison

The chart below illustrates the profitability comparison between Mohawk Industries, Inc. and AAON, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MHK - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Mohawk Industries, Inc. reported a gross profit of 663.20M and revenue of 2.70B. Therefore, the gross margin over that period was 24.6%.

AAON - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, AAON, Inc. reported a gross profit of 109.77M and revenue of 424.22M. Therefore, the gross margin over that period was 25.9%.

MHK - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Mohawk Industries, Inc. reported an operating income of 100.10M and revenue of 2.70B, resulting in an operating margin of 3.7%.

AAON - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, AAON, Inc. reported an operating income of 43.96M and revenue of 424.22M, resulting in an operating margin of 10.4%.

MHK - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Mohawk Industries, Inc. reported a net income of 42.00M and revenue of 2.70B, resulting in a net margin of 1.6%.

AAON - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, AAON, Inc. reported a net income of 32.03M and revenue of 424.22M, resulting in a net margin of 7.6%.