AAON, Inc. (AAON) stock price, financials & research

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GoAI snapshot

Jul 10, 2026

31/ 100

GoAI Score

Sell

Valuation

13

Overpriced

Sentiment

53

Mixed

Risk

54

Elevated Risk

Momentum

46

Neutral

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Company profile

Company website

AAON, Inc., along with its affiliated companies, focuses on the engineering, manufacturing, promotion, and sale of heating and air conditioning systems throughout the United States and Canada. The enterprise's operations are divided into three distinct divisions: AAON Oklahoma, AAON Coil Products, and BasX. Its comprehensive product portfolio features a wide array of HVAC solutions, including rooftop units, specialized data center cooling, cleanroom climate control, chillers, pre-packaged outdoor mechanical rooms, air handling units, fresh air supply units, energy recovery ventilation, condensing units, geothermal/water-source heat pumps, coils, and integrated control systems. AAON markets and sells these offerings to a diverse set of commercial sectors, such as retail, manufacturing, educational institutions, hospitality, supermarkets, data centers, and the medical and pharmaceutical industries. Product distribution is managed through a dual approach, utilizing a network of independent manufacturing representatives in addition to an in-house sales team. Established in 1987, AAON, Inc. is headquartered in Tulsa, Oklahoma.

Industry: Industrial - Machinery
Sector: Industrials
Headquarters: US
CEO: Matthew J. Tobolski
Listed since: Dec 16, 1992
Employees: 5,897

Market position

Day range

Current $87.255

$85.01$88.00

52-week range

Current $87.255

$73.19$150.46

Open: $87.06
Previous close: $85.95
Volume: 211.85K; 0.19× average
Average volume: 1.11M; Average daily volume
Market cap: 7.15B USD
Beta: 1.41; Market reference 1
50-day average: $82.5316; +5.72% above average
200-day average: $98.0351; -11.00% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value: 6.64B USD
P/E (TTM): 44.98×
P/B (TTM): 7.1×
P/S (TTM): 3.7×
EV / EBITDA: 29.41×
Earnings yield: 1.73%
Free cash flow yield: -3.08%
Dividend yield: 0.46%

Profitability & efficiency

Gross margin: 25.57%
Operating margin: 11.05%
Net margin: 8.24%
Return on equity: 12.02%
Return on assets: 6.38%
Return on invested capital: 9.32%

Financial health

Debt / equity: 0.46×
Current ratio: 2.63×
Altman Z-score: 7.48
Piotroski F-score: 4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

1.44B USD+20.11%

Operating income

152.35M USD-27.15%

Net income

107.59M USD-36.17%

Financial statements: Income statement
Metric (USD)	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue	1.44B USD	1.2B USD	1.17B USD	888.79M USD	534.52M USD
Cost of goods sold	1.06B USD	803.53M USD	769.5M USD	651.22M USD	396.69M USD
Gross profit	385.72M USD	397.11M USD	399.02M USD	237.57M USD	137.83M USD
Selling, general, and administrative	205.66M USD	167.47M USD	157.78M USD	110.82M USD	68.6M USD
Operating expenses	233.38M USD	187.99M USD	171.53M USD	110.82M USD	68.58M USD
Interest expense	17.73M USD	2.91M USD	4.84M USD	2.63M USD	132K USD
Depreciation and amortization	79.36M USD	63.48M USD	46.79M USD	35.43M USD	30.42M USD
Operating income	152.35M USD	209.12M USD	227.49M USD	126.76M USD	69.25M USD
Net income	107.59M USD	168.56M USD	177.62M USD	100.38M USD	58.76M USD

Company facts updated Oct 9, 2026.

Earnings

EPS beat rate: 64%; 7 beats, 4 misses, 0 met estimates
Average EPS surprise: +9.64%; 11 comparable reports
Latest EPS result: 0.69; Estimate 0.51 · Beat by 34.50%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate

Latest fiscal-year EPS: 1.29; FY2025 · -36.14% year over year
Latest fiscal-year revenue: 1.44B USD; FY2025 · +20.11% year over year
Next fiscal-year EPS consensus: 2.38; FY2026 · 4 analysts
Next fiscal-year revenue consensus: 2.3B USD; FY2026 · 4 analysts

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$122.67

40.59% upside

Past 12 months12-month forecastHigh $130Average $122.67Low $118

Rating distribution

5 ratings

Strong buy00%

Buy5100%

Hold00%

Sell00%

Strong sell00%

Recent analyst actions

5 institutions

CJS SecuritiesupgradeMarket PerformMarket OutperformFeb 28, 2025

AAON news

zacks.comOct 8, 2026

Why Aaon (AAON) is Poised to Beat Earnings Estimates Again

Aaon (AAON) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Read source

gurufocus.comOct 6, 2026

AAON Inc (AAON) Stock Up 4.4% and Still Undervalued -- GF Score: 89/100

On October 06, 2026, AAON Inc (AAON) shares rose 4.4% to $88.07. This movement comes amid a volatile year for the stock, which has fluctuated between a 52-week

Read source

defenseworld.netOct 5, 2026

23,550 AAON, Inc. $AAON Shares Sold by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. lowered its position in shares of AAON, Inc. (NASDAQ: AAON) by 15.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange…

Read source

gurufocus.comSep 28, 2026

AAON Inc (AAON) Shares Fall 4.2% -- What GF Score of 90 Tells Investors

On September 28, 2026, AAON Inc (AAON) shares fell 4.2% to $85.34. The stock has experienced a 52-week range of $73.19 to $150.46, indicating significant volati

Read source

seekingalpha.comSep 16, 2026

Baron Real Estate Fund Q2 2026 Portfolio Activity

Baron Real Estate Fund delivered strong results in the second quarter. The Fund increased 11.89% (Institutional Shares). Shares of Hyatt Hotels Corporation appreciated materially following strong first quarter results…

Read source

seekingalpha.comSep 14, 2026

AAON, Inc.'s Growth Makes 23x 2027 Earnings Look Reasonable

AAON shares have dropped ~47% from highs, but underlying demand and backlog remain robust, particularly in its BASX data-center segment. Gross margin pressures stem from rapid capacity expansion and startup costs, with…

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.40

2025 complete year+57.9% since 2021

2026 partial: $0.30

$0.2533

2,021

$0.2867

2,022

$0.32

2,023

$0.32

2,024

$0.40

2,025

$0.30

2,026*

* Partial calendar year in the available dividend history.

Corporate action history

Action	Ex-dividend date	Details	Record date	Payment date
Dividend	Sep 4, 2026	$0.10Quarterly	Sep 4, 2026	Sep 25, 2026
Dividend	Jun 5, 2026	$0.10Quarterly	Jun 5, 2026	Jun 26, 2026
Dividend	Mar 18, 2026	$0.10Quarterly	Mar 18, 2026	Mar 30, 2026
Dividend	Nov 26, 2025	$0.10Quarterly	Nov 26, 2025	Dec 18, 2025
Dividend	Sep 5, 2025	$0.10Quarterly	Sep 5, 2025	Sep 26, 2025
Dividend	Jun 6, 2025	$0.10Quarterly	Jun 6, 2025	Jun 27, 2025