AAON/$AAON
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About AAON
AAON Inc is a manufacturer of air-conditioning and heating equipment. The products include rooftop units, chillers, packaged outdoor mechanical rooms, air-handling units, makeup air units, energy-recovery units, condensing units, geothermal heat pumps, and self-contained units and coils. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It generates the majority of its revenue from the AAON Oklahoma segment which derives maximum revenue, engineers, manufactures, and sells, semi-custom, and custom HVAC systems, designs and manufactures control solutions, and sells retail parts to customers through retail part stores and online.
- Ticker
- $AAON
- Sector
- Industrials
- Primary listing
- NASDAQ
- Employees
- 5,897
- Headquarters
- Tulsa, United States
- Website
- www.aaon.com
AAON Metrics
BasicAdvanced
$6.3B
31.27
$2.44
1.46
$0.40
0.52%
Price and volume
Market cap
$6.3B
Beta
1.46
52-week high
$150.46
52-week low
$53.13
Average daily volume
1.3M
Dividend rate
$0.40
Financial strength
Current ratio
2.815
Quick ratio
1.773
Long term debt to equity
0.356
Total debt to equity
0.375
Dividend payout ratio (TTM)
16.03%
Interest coverage (TTM)
12.24%
Profitability
EBITDA (TTM)
373.585
Gross margin (TTM)
25.88%
Net profit margin (TTM)
9.03%
Operating margin (TTM)
12.33%
Effective tax rate (TTM)
19.93%
Revenue per employee (TTM)
$380,000
Management effectiveness
Return on assets (TTM)
10.01%
Return on equity (TTM)
21.00%
Valuation
Price to earnings (TTM)
31.269
Price to revenue (TTM)
2.764
Price to book
5.8
Price to tangible book (TTM)
6.87
Price to free cash flow (TTM)
-133.027
Free cash flow yield (TTM)
-0.75%
Free cash flow per share (TTM)
-0.574
Dividend yield (TTM)
0.52%
Forward dividend yield
0.52%
Growth
Revenue change (TTM)
72.27%
Earnings per share change (TTM)
101.66%
3-year revenue growth (CAGR)
26.62%
10-year revenue growth (CAGR)
19.26%
3-year earnings per share growth (CAGR)
6.02%
10-year earnings per share growth (CAGR)
13.63%
10-year dividend per share growth (CAGR)
10.55%
What the Analysts think about AAON
Analyst ratings (Buy, Hold, Sell) for AAON stock.
Analyst projections of the future price of AAON stock.
Bulls say / Bears say
BASX is riding strong data-centre demand: sales rose 218% year on year in the third quarter and its backlog was up 51%, giving AAON substantial near-term work to deliver. (AAON)
AAON’s core business is gaining share despite a soft commercial HVAC market. AAON-branded sales grew 19.6% and its backlog increased 18% year on year in the third quarter. (AAON)
Operating execution is improving: year-to-date operating cash flow rose to $146.9 million from a cash outflow a year earlier, while gross margin improved for a second consecutive quarter. AAON also raised its 2026 sales-growth outlook to 72%–75%. (AAON)
AAON found errors in its first-half results, restated both quarters and disclosed a material weakness in internal controls. The accounting issue raises questions about reporting reliability while remediation is under way. (AAON)
Despite rapid growth, third-quarter gross margin was 26.7%, below 27.8% a year earlier. AAON attributed the decline partly to a larger share of sales coming from newer, less-utilised facilities, so capacity growth has yet to restore prior-year margins. (AAON)
The commercial HVAC market remains soft, and AAON-branded backlog fell 7.6% sequentially in the third quarter. Faster production helped drive the decline, but a weaker order environment could make it harder to sustain growth in the core business. (AAON)
Data summarised monthly by Lightyear AI. Last updated on 10 Nov 2026.
AAON Financial Performance
Revenues and expenses
AAON Earnings Performance
Company profitability
Upcoming events
AAON News
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Funds containing AAON
AllUSDEURGBP
Fund name | Fund size | $AAON weighting |
|---|---|---|
SPDR S&P 400 US Mid Cap$SPY4 | $5.9B | 0.15% |
SPDR S&P 400 US Mid Cap£SPX4 | $5.9B | 0.15% |
iShares MSCI USA Small Cap CTB Enhanced ESG£CUS1 | $2.7B | 0.10% |
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | $2.7B | 0.10% |
iShares MSCI World Small Cap$WSML | $9B | 0.05% |
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