Company Overview
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. It offers rooftop units, data center cooling solutions, cleanroom systems, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls. The company markets and sells its products to retail, manufacturing, educational, lodging, supermarket, data centers, medical and pharmaceutical, and other commercial industries. It sells its products through a network of independent manufacturer representative organizations and internal sales force, as well as online. AAON, Inc. was incorporated in 1987 and is headquartered in Tulsa, Oklahoma.
Why Investors Should Care
Generates a return on equity of 17.3%, reflecting efficient use of shareholder capital.
Revenue has grown at a 17.5% CAGR over the past five years.
Recent Developments
- Dec 2025 Revenue of $1.44B (+20.1% YoY); net profit $107.59M.
- Trailing 12 Months Year-on-year growth — revenue +101.2%, earnings +257.9%.
- 5-Year Trend Long-term compounding — revenue CAGR 17.5%, profit CAGR 2.3%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 17.51% |
| 1 Year: | 101.20% |
Compounded Profit Growth
| 5 Years: | 2.34% |
| 1 Year: | 257.90% |
Stock Price Performance
| 1 Year: | -9.69% |
| 6 Months: | -11.82% |
| 3 Months: | -39.79% |
| 1 Month: | -16.16% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- Death Cross4d ago
- RSI (14)40.63 · Neutral
P/E of 41.79 is above the sector median of 26.00 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 17.5% over 5 years.
CONS
- Trading 46.3% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | AAON AAON, Inc. R3K | 79.40 | 41.79 | $6.55B | 0.50% | 10.80% | 17.28% | 17.51% | 2.34% |
| 2 | SPCX Space Exploration Technologies Corp. R3KAIDEFENCE | 153.47 | -139.52 | $1.16T | 0.00% | -3.22% | -11.95% | 34.08% | -3.34% |
| 3 | CAT Caterpillar Inc. SPXR3K | 822.48 | 35.47 | $378.07B | 0.79% | 17.98% | 56.97% | 2.29% | 5.24% |
| 4 | GE GE Aerospace SPXR3KDEFENCE | 334.91 | 39.40 | $347.49B | 0.60% | 9.52% | 48.23% | -7.42% | -5.36% |
| 5 | RTX RTX Corporation SPXR3KDEFENCE | 198.81 | 35.06 | $267.95B | 1.51% | 8.28% | 12.27% | 2.61% | 2.62% |
| 6 | GEV GE Vernova Inc. SPXR3KAI | 971.31 | 27.86 | $258.69B | 0.22% | 6.30% | 82.58% | 8.68% | - |
| 7 | DE Deere & Company SPXR3K | 680.73 | 37.88 | $183.54B | 0.95% | 12.53% | 18.24% | 3.43% | 5.10% |
| 8 | UNP Union Pacific Corporation SPXR3K | 288.45 | 23.38 | $171.36B | 2.01% | 15.22% | 39.70% | 2.30% | 7.77% |
| 9 | BA The Boeing Company SPXR3KDEFENCE | 210.73 | 75.80 | $166.43B | 0.00% | -9.01% | - | 1.67% | -3.28% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | 86.08M | 101.33M | 113.67M | - | 99.08M | 109.59M | 112.94M | 112.34M | 113.82M | 119.44M | 113.50M | 122.57M | 137.48M | 125.60M | 134.77M | 116.70M | 115.79M | 143.88M | 138.57M | 182.77M | 208.81M | 242.60M | 265.95M | 283.96M | 311.97M | 262.10M | 313.57M | 327.25M | - | 322.05M | 311.57M | 384.24M | 424.22M | 496.94M | 626.98M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 235.69M | 228.84M | 277.38M | 314.45M | 371.97M | - |
| Gross Profit | 29.58M | 25.73M | 32.75M | 33.09M | 26.51M | 24.99M | 31.68M | 35.66M | 31.07M | 15.20M | 27.66M | 32.83M | 27.85M | 25.43M | 30.20M | 27.41M | 36.38M | 42.95M | 38.13M | 40.85M | 33.92M | 33.16M | 42.11M | 36.02M | 46.06M | 47.38M | 65.59M | 77.15M | 94.02M | 116.11M | 92.24M | 113.09M | 114.16M | - | 86.36M | 82.73M | 106.86M | 109.77M | 124.97M | 152.49M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 48.59M | 55.74M | 63.23M | 65.81M | 67.91M | - |
| Operating Income | - | 16.83M | 22.20M | 22.69M | - | 14.46M | 19.66M | 22.62M | - | 3.55M | 14.51M | 20.16M | 17.13M | 11.47M | 17.29M | 15.03M | - | 27.80M | 22.19M | 26.13M | - | 18.46M | 25.21M | 20.14M | 23.01M | 20.45M | 36.70M | 44.21M | 54.74M | 64.66M | 46.97M | 67.20M | 65.52M | - | 37.77M | 26.99M | 43.63M | 43.96M | 57.06M | 68.88M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 42.17M | 30.86M | 63.60M | 64.48M | 78.08M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.80M | 4.01M | 5.15M | 5.76M | 5.05M | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 32.48M | 19.50M | 38.44M | 38.32M | 52.08M | - |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.19M | 4.02M | 7.66M | 6.29M | 12.27M | - |
| Net Income | 12.95M | 11.55M | 14.72M | 15.68M | 11.42M | 10.22M | 13.79M | 14.72M | 15.77M | 3.15M | 11.70M | 14.51M | 12.96M | 8.76M | 13.39M | 14.29M | 17.27M | 21.85M | 17.80M | 20.46M | 18.89M | 16.38M | 20.61M | 15.58M | 18.06M | 15.95M | 27.47M | 36.81M | 45.68M | 48.08M | 39.02M | 52.23M | 52.62M | - | 29.29M | 15.49M | 30.78M | 32.03M | 39.81M | 56.66M |
| Diluted EPS | 0.24 | 0.22 | 0.27 | 0.29 | 0.21 | 0.19 | 0.26 | 0.28 | 0.30 | 0.06 | 0.22 | 0.27 | 0.25 | 0.17 | 0.26 | 0.26 | 0.33 | 0.41 | 0.34 | 0.38 | 0.35 | 0.30 | 0.38 | 0.29 | 0.33 | 0.30 | 0.34 | 0.44 | 0.55 | 0.58 | 0.46 | 0.62 | 0.63 | - | 0.35 | 0.19 | 0.37 | 0.39 | 0.48 | 0.68 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 245.28M | 244.55M | 266.22M | 303.11M | 321.14M | 356.32M | 358.63M | 383.98M | 405.23M | 433.95M | 469.33M | 514.55M | - | 888.79M | 1.17B | 1.20B | 1.44B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | 651.22M | 769.50M | 803.53M | 1.06B |
| Gross Profit | 67.55M | 55.19M | 46.28M | 70.50M | 89.79M | 108.26M | 108.68M | 118.08M | 123.65M | 103.53M | 119.42M | 155.85M | - | 237.57M | 399.02M | 397.11M | 385.72M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | 110.82M | 171.54M | 188.01M | 233.38M |
| Operating Income | 43.75M | 32.72M | 22.17M | 44.23M | 55.83M | 68.01M | 71.30M | 79.59M | 74.23M | 55.35M | 67.01M | 101.84M | - | 126.75M | 227.48M | 209.09M | 152.35M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | 162.59M | 241.76M | 230.04M | 225.84M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.63M | 4.84M | 2.90M | 17.73M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | 124.53M | 223.15M | 206.59M | 128.75M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | 24.16M | 45.53M | 38.03M | 21.16M |
| Net Income | 27.72M | 21.89M | 13.99M | 27.45M | 37.55M | 44.16M | 45.73M | 53.38M | 53.83M | 42.33M | 53.71M | 79.01M | - | 100.38M | 177.62M | 168.56M | 107.59M |
| Diluted EPS | 1.07 | 0.87 | 0.37 | 0.49 | 0.68 | 0.80 | 0.84 | 1.00 | 1.01 | 0.80 | 1.02 | 1.49 | - | 1.24 | 2.13 | 2.02 | 1.29 |
| R&D Expense | - | 3.60M | 4.80M | 3.60M | 5.20M | 6.30M | 7.50M | 12.00M | 13.00M | 13.50M | 14.80M | 17.40M | 16.60M | 46.80M | 43.70M | 47.30M | 58.20M |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 160.28M | 178.98M | 193.49M | 215.44M | 226.97M | 232.85M | 256.53M | 296.78M | 306.71M | 320.03M | 313.80M | 307.99M | 319.24M | 341.98M | 351.90M | 371.42M | 449.01M | - | 813.90M | 941.44M | 1.18B | 1.69B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 349.12M | 408.95M | 488.21M | 869.18M |
| Cash & Equivalents | 269.00K | 25.64M | 2.39M | 13.00K | 3.16M | 12.09M | 21.95M | 7.91M | 24.15M | 21.46M | - | - | - | 1.99M | - | - | - | 26.80M | 79.03M | - | 5.45M | 287.00K | 14.00K | 13.00K |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 198.94M | 213.53M | 187.42M | 261.15M |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 127.16M | 138.11M | 147.43M | 314.39M |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 253.19M | 206.21M | 350.65M | 791.52M |
| Current Liabilities | - | - | 36.25M | 38.69M | 39.62M | 36.33M | 42.71M | 43.41M | 39.04M | 50.06M | 56.58M | 70.96M | 53.07M | 47.49M | 43.08M | 58.10M | 53.10M | 56.03M | 59.03M | - | 145.57M | 126.75M | 174.91M | 330.86M |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 71.00M | 38.33M | 138.89M | 398.32M |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 78.25M | 50.55M | 170.96M | 424.65M |
| Total Equity | 96.52M | 118.00M | 116.74M | 122.50M | 138.14M | 164.11M | 174.06M | 178.92M | 208.41M | 238.93M | 242.01M | 240.83M | 251.80M | 249.44M | 262.55M | 267.51M | 282.25M | 290.14M | 350.87M | - | 560.71M | 735.22M | 824.58M | 894.99M |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 80.14M | 81.51M | 81.44M | 81.69M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 45.20M | 32.15M | 26.48M | 51.17M | - | - | - | - | 57.99M | 54.86M | 97.92M | 128.81M | - | 26.21M | 112.43M | 129.80M | 534.00K |
| Investing Cash Flow | -9.64M | -28.28M | -24.54M | -30.34M | - | - | - | - | -31.05M | -34.63M | -37.05M | -61.27M | - | -76.21M | -109.31M | -213.07M | -192.42M |
| Financing Cash Flow | -10.10M | -27.20M | -4.33M | -17.69M | - | - | - | - | -29.64M | -39.68M | -18.50M | -29.63M | - | 17.36M | -46.51M | 18.03M | 186.61M |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - | - | - | - | -76.02M | -109.49M | -213.15M | -204.89M |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - | - | - | - | -49.81M | 2.94M | -83.35M | -204.36M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.46M | 3.07M | -2.51M | -5.28M |
| Dividends Paid | 5.87M | 9.17M | 5.93M | 8.84M | 7.43M | 9.66M | 11.86M | 12.68M | 13.66M | 16.73M | 16.64M | 19.82M | 19.95M | 22.92M | 26.45M | 26.08M | 32.60M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | 27.5% | 22.6% | 17.4% | 23.3% | 28.0% | 30.4% | 30.3% | 30.8% | 30.5% | 23.9% | 25.4% | 30.3% | - | 26.7% | 34.1% | 33.1% | 26.7% |
| Operating Margin % | 17.8% | 13.4% | 8.3% | 14.6% | 17.4% | 19.1% | 19.9% | 20.7% | 18.3% | 12.8% | 14.3% | 19.8% | - | 14.3% | 19.5% | 17.4% | 10.6% |
| Net Margin % | 11.3% | 9.0% | 5.3% | 9.1% | 11.7% | 12.4% | 12.8% | 13.9% | 13.3% | 9.8% | 11.4% | 15.4% | - | 11.3% | 15.2% | 14.0% | 7.5% |
| ROE % | 23.5% | 18.8% | 11.4% | 19.9% | 22.9% | 25.4% | 25.6% | 25.6% | 22.5% | 17.0% | 18.5% | 22.5% | - | 17.9% | 24.2% | 20.4% | 12.0% |
| ROCE % | - | 26.4% | 15.8% | 28.7% | 31.2% | 36.9% | 37.6% | 36.6% | 30.1% | 21.2% | 21.2% | 26.1% | - | 19.0% | 27.9% | 20.9% | 11.2% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 8.11% | 6.69M | $513.24M |
| 2 | Wellington Management Group, LLP | 7.00% | 5.77M | $443.10M |
| 3 | Vanguard Capital Management LLC | 3.79% | 3.12M | $239.63M |
| 4 | Vanguard Portfolio Management LLC | 3.56% | 2.94M | $225.59M |
| 5 | State Street Corporation | 3.18% | 2.63M | $201.54M |
| 6 | Wasatch Advisors LP | 2.84% | 2.34M | $179.50M |
| 7 | First Trust Advisors LP | 1.92% | 1.58M | $121.22M |
| 8 | BLAIR WILLIAM & CO/IL | 1.86% | 1.53M | $117.71M |
| 9 | Geode Capital Management, LLC | 1.74% | 1.43M | $109.99M |
| 10 | Dimensional Fund Advisors LP | 1.64% | 1.35M | $103.85M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for AAON
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AAON (AAON) Q2 2026 Earnings Call Transcript
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AAON (AAON) Shares Skyrocket, What You Need To Know
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AAON Announces Quarterly Cash Dividend
AAON, Inc. (NASDAQ: AAON), a leader in high-performing, energy-efficient HVAC solutions that bring long-term value to customers and owners, today announced that its Board of Directors has declared the Company's next regular quarterly cash d…
AAON — Frequently Asked Questions
What is the current share price of AAON, Inc. (AAON)?
As of 2026-09-19 21:16 PDT, AAON, Inc. (AAON) trades at $79.40 on NasdaqGS. Its 52-week range is $73.25 to $147.96.
What is the market capitalisation of AAON?
AAON, Inc. (AAON) has a market capitalisation of $6.55B on NasdaqGS.
What is the P/E ratio of AAON?
AAON trades at a trailing price-to-earnings (P/E) ratio of 41.79. The industry average P/E is 26.00. Its price-to-book (P/B) ratio is 6.28.
Does AAON pay a dividend?
AAON, Inc. (AAON) currently offers a dividend yield of 0.50%.
What is the return on equity (ROE) of AAON?
AAON has a return on equity (ROE) of 17.28%. Its return on capital employed (ROCE) is 10.80%.
Is AAON a good stock to buy?
This page provides a data-driven analysis of AAON, Inc. (AAON), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.