AAON/$AAON
1D1W1MYTD1Y5YMAX
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
$6.6B
41.96
$1.90
1.44
$0.40
0.50%
Price and volume
Market cap
$6.6B
Beta
1.44
52-week high
$150.46
52-week low
$73.19
Average daily volume
1.2M
Dividend rate
$0.40
Financial strength
Current ratio
3.013
Quick ratio
1.934
Long term debt to equity
43.052
Total debt to equity
43.052
Dividend payout ratio (TTM)
20.53%
Interest coverage (TTM)
9.70%
Profitability
EBITDA (TTM)
300.057
Gross margin (TTM)
25.57%
Net profit margin (TTM)
8.24%
Operating margin (TTM)
11.13%
Effective tax rate (TTM)
16.90%
Revenue per employee (TTM)
$330,000
Management effectiveness
Return on assets (TTM)
8.24%
Return on equity (TTM)
17.28%
Valuation
Price to earnings (TTM)
41.961
Price to revenue (TTM)
3.382
Price to book
6.51
Price to tangible book (TTM)
7.81
Price to free cash flow (TTM)
-49.752
Free cash flow yield (TTM)
-2.01%
Free cash flow per share (TTM)
-1.604
Dividend yield (TTM)
0.50%
Forward dividend yield
0.50%
Growth
Revenue change (TTM)
53.53%
Earnings per share change (TTM)
29.23%
3-year revenue growth (CAGR)
22.66%
10-year revenue growth (CAGR)
17.68%
3-year earnings per share growth (CAGR)
1.64%
10-year earnings per share growth (CAGR)
11.38%
3-year dividend per share growth (CAGR)
7.35%
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
AAON delivered record Q2 results: sales rose 101.2% to $627.0 million, operating income increased 192.1%, and diluted EPS rose 257.9%; management also raised its 2026 revenue-growth outlook to 55%–60%. (AAON)
Backlog was $1.97 billion at June 30, up 98.0% year over year, with BASX backlog up 185.4%; most of the increase was tied to data-center liquid-cooling orders, providing substantial demand visibility. (SEC)
Operating execution is improving: year-to-date operating cash flow turned positive at $55.0 million versus a $31.0 million use in the prior-year period, while SG&A fell to 13.3% of Q2 sales from 19.0%, supporting operating leverage as production scales. (AAON)
Q2 gross margin fell to 24.3% from 26.6% year over year, while management’s 2026 gross-margin outlook is only approximately 25%–26%; ramping new capacity, outsourced components, inflation, and Memphis-related costs remain near-term profitability headwinds. (AAON)
Total backlog declined 7.4% sequentially in Q2, and AAON noted that large BASX data-center projects have inherently variable award and conversion timing, creating quarterly revenue-visibility risk despite the elevated backlog. (AAON)
AAON remains exposed to supply-chain disruption and trade-conflict-related costs, while its core commercial HVAC markets have softened; the company specifically warned that manufacturing-part shortages could worsen. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 9 Sept 2026.
AAON Financial Performance
Revenues and expenses
AAON Earnings Performance
Company profitability
Upcoming events
AAON News
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Funds containing AAON
AllUSDGBPEUR
Fund name | Fund size | $AAON weighting |
|---|---|---|
SPDR S&P 400 US Mid Cap$SPY4 | $6.3B | 0.15% |
SPDR S&P 400 US Mid Cap£SPX4 | £4.7B | 0.15% |
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | €2.8B | 0.13% |
iShares MSCI USA Small Cap CTB Enhanced ESG£CUS1 | £2.4B | 0.13% |
iShares MSCI World Small Cap$WSML | $9B | 0.06% |
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