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Stock Comparison · Structural lead, mixed market

AAON vs Five Below: Which Stock Looks Stronger in 2026?

Five Below holds the cleaner structural position, with valuation as the main driver and growth adding further support. AAON still leads on growth and stability, which keeps the comparison from looking entirely one-sided. In the market, AAON carries the stronger setup — intact trend against Five Below's broken trend. That leaves a split case: the structural lead stays with Five Below, but the market is not currently confirming it.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the Russell 1000 universe, making them directly comparable.

Updated 2026-07-05

The clearest separation starts in valuation, with profitability adding a second layer of support. Five Below, Inc. leads by 12 points on the overall comparison score.

Trajectory Similarity
0.70
Similar
Peer-set rank: #6
within AAON, Inc.'s functional peer set

This comparison is anchored in long-term financial trajectory similarity within the selected peer universe.

A solid similarity means the pair shares a clearly comparable long-term financial profile, even if individual dimensions still differ.

The match is driven mainly by capital structure and revenue growth trajectory.

Similarity drivers
capital structurerevenue growth trajectory
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
AAON
AAON, Inc.
46
Peer-Score
Signal qualityMedium
Peer basis: Russell 1000
vs
FIVE
Five Below, Inc.
58
Peer-Score
Signal qualityMedium
Peer basis: Russell 1000

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: AAON vs FIVE Profitability 42 63 Stability 50 27 Valuation 19 69 Growth 91 64 AAON FIVE
Gap Ranking
#1 Valuation +50
#2 Growth +27
#3 Stability +23
#4 Profitability +21
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for AAON and FIVE Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer AAONFIVE Relative valuation Structural strength

AAON, Inc. still looks stronger overall, though current pricing looks more supportive for Five Below, Inc..

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where AAON and FIVE each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY AAON Elevated · above norm 0th 50th 100th 28 pct gap FIVE Neutral · near norm 0th 50th 100th 97th 69th
Today FIVE sits in the upper-middle of its own 5-year history (69th percentile), while AAON sits higher in its own history (97th). Within each stock's own 5-year context, FIVE is at a historically more favourable entry position than AAON. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Valuation
Five Below, Inc. ranks near the top of the group on valuation; AAON, Inc. sits in the weaker half.
Growth
On growth, the same pattern holds: both are strong, but AAON, Inc. still leads clearly.
Valuation — Dominant Gap
AAON
19
FIVE
69
Gap+50in favour of FIVE

The multiple-based pricing edge comes from a forward P/E that is 20.8 turns lower.

What keeps the gap from being one-sided

AAON still pushes back on growth, with a 30-point revenue-growth advantage that keeps the read from becoming one-way.

What this means for the comparison

The valuation edge is decisive, even though current pricing and growth still lean somewhat toward AAON, Inc..

Explore full peer positioning in AssetNext

Break down the AAON vs FIVE comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how AAON and FIVE each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.