About AAON, Inc. - Common Stock Company overview from Wikipedia

AAON, Inc. manufactures heating, ventilation, and air conditioning equipment for commercial and industrial indoor environments. AAON is headquartered in Tulsa, Oklahoma and has manufacturing facilities in Longview, TX, Parkville, MO, and Redmond, OR. AAON employs approximately 4,000 people worldwide and has annual sales in excess of $880 million.

History

AAON was founded in 1988 when Norman H. Asbjornson set out to create a commercial HVAC company that designed and manufactured semi-custom equipment. Asbjornson purchased the heating and air-conditioning division of John Zink and created a new company called AAON. The name ensured the company would be listed first in the phone directories.

In 2000, AAON began to manufacture equipment in Longview and in 2019, broke ground on a facility expansion as part of a $28-million-dollar investment in the plant. Further expansion in Longview commenced in 2019 with the completion of a 220,000-square foot building, an additional $40 million investment. In 2023, the Longview Economic Development Corp. approved a second $40 million expansion and is scheduled to be completed in 2024.

Acquisitions

In 1991, AAON acquired Coils Plus in Longview, TX, initially only committed to manufacturing HVAC coils.

In 2018, AAON acquired Missouri-based WattMaster Controls (WCI) and entered a lease of the facility previously occupied by WCI.

In 2021, AAON acquired Oregon-based BASX Solutions (BASX). BASX designs and manufactures premium, highly customized commercial HVAC equipment for data centers, clean rooms, and other niche applications.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

AAON Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price

$80.58

Market Cap

$6.58B

P/E (TTM)

62.5

EPS (TTM)

$1.29

Revenue (TTM)

$1.44B

Div Yield

0.49%

ROE

12.4%

Debt/Equity

—

52W Range

$73 – $150

AAON Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $1.44B

2019-12-31 → 2025-12-31

EPS $1.29

2019-12-31 → 2025-12-31

Free Cash Flow —

2019-12-31 → 2022-12-31

Margins 7.5%

2019-12-31 → 2025-12-31

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric

5Y trend

AAON

Peer Median

P/E (TTM)

62.5

25.9

P/S (TTM)

4.6

3.9

P/B

7.4

3.5

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric

5Y trend

AAON

Peer Median

Gross Margin

26.8%

39.9%

Operating Margin

10.1%

—

Net Profit Margin

7.5%

10.0%

ROA

7.5%

ROE

12.4%

12.5%

ROIC

13.7%

—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric

5Y trend

AAON

Peer Median

Current Ratio

2.6

2.2

Quick Ratio

1.0

—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric

5Y trend

AAON

Peer Median

Revenue YoY

20.1%

—

Revenue CAGR 3Y

17.5%

—

Revenue CAGR 5Y

22.9%

—

EPS YoY

-36.1%

—

Net Income YoY

-36.2%

—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric

5Y trend

AAON

Peer Median

EPS (Diluted)

$1.29

—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric

5Y trend

AAON

Peer Median

Payout Ratio

30.3%

—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield

0.49%

Payout Ratio

30.3%

5Y Div CAGR

—

Ex-date	Amount
June 5, 2026	$0.1000
March 18, 2026	$0.1000
Nov. 26, 2025	$0.1000
Sept. 5, 2025	$0.1000
June 6, 2025	$0.1000
March 18, 2025	$0.1000
Nov. 29, 2024	$0.0800
Sept. 6, 2024	$0.0800
June 7, 2024	$0.0800
March 15, 2024	$0.0800
Nov. 28, 2023	$0.0800
Sept. 7, 2023	$0.0800
June 8, 2023	$0.0800
March 10, 2023	$0.0800
Nov. 25, 2022	$0.1600
June 2, 2022	$0.1267
Nov. 24, 2021	$0.1267
June 2, 2021	$0.1267
Nov. 25, 2020	$0.1267
June 2, 2020	$0.1267

AAON Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 14 analysts

Strong Buy 7 50.0%
Buy 5 35.7%
Hold 2 14.3%
Sell 0 0.0%
Strong Sell 0 0.0%

12-Month Price Target

3 analysts · 2026-08-19

Median $140.00

Mean $143.00

← Below all targets $80.58

Low $135.00

High $154.00

Median target $140.00 +73.7%

Mean target $143.00 +77.5%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise

0.01%

Period	EPS Actual	EPS Est	Surprise
June 30, 2026	$0.69	$0.52	0.17%
March 31, 2026	$0.48	$0.30	0.18%
Dec. 31, 2025	$0.39	$0.46	-0.07%
Sept. 30, 2025	$0.37	$0.33	0.04%
June 30, 2025	$0.22	$0.34	-0.12%
March 31, 2025	$0.37	$0.24	0.13%
Dec. 31, 2024	$0.30	$0.54	-0.24%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
AAON	$6.23B	59.1	20.1%	7.5%	12.4%	26.8%
ZWS	$7.76B	40.4	8.3%	11.7%	12.5%	45.1%
SSD	$6.66B	19.6	4.5%	14.8%	17.4%	45.9%
BLDR	$11.38B	26.4	-7.4%	2.9%	10.2%	30.4%
AWI	$8.20B	27.0	12.1%	19.1%	35.5%	40.6%
FBIN	$6.16B	20.8	-3.2%	6.7%	12.6%	—
CSW	$4.66B	38.9	23.2%	10.3%	10.3%	41.9%
UFPI	$5.25B	18.6	-5.0%	4.7%	9.4%	16.8%
TREX	$3.71B	19.7	2.0%	16.2%	18.8%	39.2%
GFF	$3.53B	69.9	-4.0%	2.0%	35.4%	42.0%
AZZ	$4.06B	13.0	4.6%	19.2%	24.0%	23.9%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 15

Annual Income Statement data for AAON
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$1.44B	$1.20B	$1.17B	$889M	$535M	$515M	$469M	$434M	$405M	$384M	$359M	$356M
Cost of Revenue	$1.06B	$804M	$769M	$651M	$397M	$359M	$350M	$330M	$282M	$266M	$250M	$248M
Gross Profit	$386M	$397M	$399M	$238M	$138M	$156M	$119M	$104M	$124M	$118M	$109M	$108M
R&D Expense	$58M	$47M	$44M	$47M	$17M	$17M	$15M	$14M	$13M	$12M	$8M	$6M
SG&A Expense	$239M	$188M	$172M	$111M	$69M	$60M	$52M	$48M	$49M	$39M	$37M	$41M
Operating Income	$146M	$209M	$227M	$127M	$69M	$102M	$67M	$55M	$74M	$80M	$71M	$68M
Other Non-op	$230.0K	$378.0K	$503.0K	$399.0K	$61.0K	$51.0K	$-46.0K	$-47.0K	$91.0K	$105.0K	$-124.0K	$-36.0K
Pretax Income	$129M	$207M	$223M	$125M	$69M	$102M	$67M	$56M	$75M	$80M	$71M	$68M
Income Tax	$21M	$38M	$46M	$24M	$10M	$23M	$13M	$13M	$21M	$27M	$26M	$24M
Net Income	$108M	$169M	$178M	$100M	$59M	$79M	$54M	$42M	$54M	$53M	$46M	$44M
EPS (Basic)	$1.32	$2.07	$2.19	$1.26	$0.75	$1.51	$1.03	$0.81	$1.02	$1.01	$0.85	$0.81
EPS (Diluted)	$1.29	$2.02	$2.13	$1.24	$0.73	$1.49	$1.02	$0.80	$1.01	$1.00	$0.84	$0.80
Shares (Basic)	81,529,140	81,473,131	81,156,114	79,582,480	78,606,298	52,168,679	52,079,865	52,284,616	52,572,496	52,924,398	54,045,841	54,809,319
Shares (Diluted)	83,105,538	83,629,502	83,295,290	81,145,610	80,593,484	53,061,169	52,635,415	52,667,939	53,078,734	53,449,754	54,481,484	55,369,016
EBITDA	$225M	$272M	$274M	$162M	$100M	$127M	$90M	$73M	$74M	$80M	$71M	$68M

Balance Sheet 24

Annual Balance Sheet data for AAON
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Equivalents	$13.0K	$14.0K	$287.0K	$5M	$3M	$79M	$27M	$2M	$21M	$24M	$8M	$22M
Receivables	$314M	$147M	$138M	$127M	$71M	$47M	$67M	$54M	$50M	$43M	$50M	$44M
Inventory	$261M	$187M	$214M	$199M	$130M	$82M	$74M	$78M	$71M	$47M	$38M	$38M
Prepaid Expense	$18M	$7M	$3M	$2M	$2M	$4M	$1M	$1M	$518.0K	$616.0K	$533.0K	$609.0K
Current Assets	$869M	$488M	$409M	$349M	$218M	$220M	$188M	$141M	$154M	$141M	$124M	$125M
PP&E (Net)	$631M	$510M	$370M	$305M	$258M	$223M	$178M	$163M	$142M	$115M	$101M	$92M
PP&E (Gross)	$1.00B	$820M	$653M	$550M	$482M	$426M	$357M	$330M	$292M	$252M	$225M	$206M
Accum. Depreciation	$373M	$310M	$283M	$245M	$224M	$203M	$179M	$167M	$150M	$137M	$124M	$114M
Goodwill	·	·	$82M	$82M	$86M	$3M	$3M	$3M	$0	·	·	·
Intangibles	$84M	$78M	$68M	$65M	$70M	$38.0K	$272.0K	$506.0K	$0	·	·	·
Other Non-current Assets	$2M	$242.0K	$816.0K	$6M	$1M	$579.0K	·	·	·	·	·	·
Total Assets	$1.69B	$1.18B	$941M	$814M	$650M	$449M	$371M	$308M	$297M	$257M	$233M	$227M
Accounts Payable	$110M	$45M	$27M	$46M	$29M	$12M	$12M	$11M	$11M	$7M	$6M	$11M
Accrued Liabilities	$132M	$99M	$86M	$79M	$50M	$47M	$44M	$37M	$39M	$32M	$37M	$31M
Current Liabilities	$331M	$175M	$127M	$146M	$87M	$59M	$56M	$47M	$50M	$39M	$43M	$43M
Capital Leases	$16M	$14M	$10M	$6M	$15M	$1M	·	·	·	·	·	·
Deferred Tax	$30M	$0	$12M	$19M	$32M	$28M	$15M	$9M	$8M	$10M	$9M	$8M
Other Non-current Liabilities	$23M	$21M	$17M	$12M	$19M	$4M	·	·	·	·	·	·
Common Stock	$327.0K	$326.0K	$326.0K	$322.0K	$210.0K	$209.0K	$208.0K	$208.0K	$210.0K	$211.0K	$212.0K	$216.0K
Paid-in Capital	$64M	$69M	$122M	$99M	$82M	$5M	$4M	$0	$0	$0	$0	$0
Retained Earnings	$830M	$755M	$613M	$462M	$384M	$345M	$286M	$249M	$237M	$206M	$179M	$174M
Stockholders' Equity	$895M	$825M	$735M	$561M	$466M	$351M	$290M	$249M	$239M	$208M	$179M	$174M
Liabilities + Equity	$1.69B	$1.18B	$941M	$814M	$650M	$449M	$371M	$308M	$297M	$257M	$233M	$227M
Shares Outstanding	81,691,075	81,436,594	81,508,381	80,137,776	52,527,985	52,224,767	52,078,515	51,991,242	52,422,801	52,651,448	53,012,363	54,041,829

Cash Flow 13

Annual Cash Flow data for AAON
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
D&A	$79M	$63M	$46M	$35M	$30M	$26M	$23M	$18M	$15M	$13M	·	·
Stock-based Comp	$18M	$17M	$16M	$14M	$12M	$11M	$12M	$8M	$6M	$4M	$3M	$2M
Deferred Tax	$31M	$-7M	$-7M	$-13M	$4M	$13M	$6M	$3M	$-749.0K	$825.0K	$1M	$-2M
Amort. of Intangibles	$7M	$8M	$5M	$4M	$246.0K	$234.0K	$234.0K	$194.0K	$0	$0	·	·
Other Non-cash	$-235M	$-49M	$-75M	$-75M	$-43M	$-198.0K	$4M	$-16M	·	·	·	·
Operating Cash Flow	$534.0K	$193M	$159M	$61M	$61M	$129M	$98M	$55M	$58M	$64M	$55M	$54M
CapEx	·	·	·	$54M	$55M	$68M	$37M	$37M	$42M	$27M	$21M	$16M
Investing Cash Flow	$-192M	$-213M	$-109M	$-76M	$-159M	$-61M	$-37M	$-35M	$-31M	·	·	·
Dividends Paid	$33M	$26M	$26M	$23M	$20M	$20M	$17M	$17M	$14M	$13M	$12M	$10M
Financing Cash Flow	$187M	$18M	$-47M	$17M	$19M	$-30M	$-18M	$-40M	$-30M	·	·	·
Net Change in Cash	·	·	·	·	·	·	·	$-19M	$-3M	$16M	$-14M	$10M
Taxes Paid	$13M	$50M	$63M	$19M	$8M	$14M	$2M	$15M	$17M	$27M	$24M	$26M
Free Cash Flow	·	·	·	$7M	$6M	$61M	$61M	$18M	$16M	$37M	$32M	$36M

Profitability 8

Annual Profitability data for AAON
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Gross Margin	26.8%	33.1%	34.2%	26.7%	25.8%	30.3%	25.4%	23.9%	30.4%	30.8%	30.3%	30.4%
Operating Margin	10.1%	17.4%	19.5%	14.3%	13.0%	19.8%	14.3%	12.9%	18.3%	20.7%	19.9%	19.1%
Net Margin	7.5%	14.0%	15.2%	11.3%	11.0%	15.3%	11.4%	9.8%	13.5%	13.9%	12.8%	12.4%
Pretax Margin	8.9%	17.2%	19.1%	14.0%	12.9%	19.8%	14.3%	12.9%	18.4%	20.8%	19.9%	19.1%
EBITDA Margin	15.6%	22.6%	23.4%	18.2%	18.6%	24.8%	19.1%	16.9%	18.3%	20.7%	19.9%	19.1%
ROA	7.5%	15.9%	20.2%	13.7%	10.7%	19.3%	14.8%	13.7%	19.7%	21.8%	19.9%	19.7%
ROE	12.4%	20.8%	25.1%	18.5%	13.6%	22.7%	18.8%	17.1%	24.5%	27.7%	25.9%	26.1%
ROIC	13.7%	20.7%	24.6%	18.2%	12.6%	22.5%	18.5%	17.2%	22.9%	25.8%	25.5%	25.3%

Liquidity & Solvency 2

Annual Liquidity & Solvency data for AAON
Metric	Trend	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Current Ratio		2.6	2.8	3.2	2.4	2.5	3.7	3.3	2.9	3.1	3.6	2.9	3.1
Quick Ratio		1.0	0.8	1.1	0.9	0.8	2.1	1.7	1.2	1.4	1.7	1.3	1.5

Efficiency 3

Annual Efficiency data for AAON
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Asset Turnover	1.0	1.1	1.3	1.2	1.0	1.3	1.3	1.4	1.5	1.6	1.6	1.6
Inventory Turnover	4.7	4.0	3.7	4.0	3.7	4.6	4.6	·	4.8	6.2	6.6	7.1
Receivables Turnover	6.2	8.1	8.8	9.0	9.0	9.0	7.7	8.3	8.7	8.3	7.6	8.6

Per Share 6

Annual Per Share data for AAON
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Book Value / Share	$10.96	$10.13	$9.02	$10.50	$8.87	$6.72	$5.57	$4.76	$4.53	$3.91	$3.38	$3.22
Revenue / Share	$17.35	$14.36	$14.03	$16.43	$9.95	$9.70	$8.92	$8.24	$7.63	$7.18	$6.58	$6.44
Cash Flow / Share	$0.01	$2.30	$1.91	$1.13	$1.14	$2.43	$1.86	$1.04	$1.09	$1.20	$0.97	$0.94
Cash / Share	$0.00	$0.00	$0.00	$0.10	$0.05	$1.51	$0.51	$0.04	$0.41	$0.46	$0.15	$0.41
Dividend / Share	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
EPS (TTM)	$1.29	$2.02	$2.13	$1.24	$0.73	$1.49	$1.02	$0.80	$1.01	$1.00	$0.84	$0.80

Growth Rates 10

Annual Growth Rates data for AAON
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue YoY	20.1%	2.8%	31.5%	66.3%	3.9%	·	·	·	·	·	·	·
Revenue CAGR 3Y	17.5%	31.0%	31.4%	·	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	22.9%	·	·	·	·	·	·	·	·	·	·	·
EPS YoY	-36.1%	-5.2%	71.8%	69.9%	-51.0%	·	·	·	·	·	·	·
EPS CAGR 3Y	1.3%	40.4%	12.7%	·	·	·	·	·	·	·	·	·
EPS CAGR 5Y	-2.8%	·	·	·	·	·	·	·	·	·	·	·
Net Income YoY	-36.2%	-5.1%	77.0%	70.8%	-25.6%	·	·	·	·	·	·	·
Net Income CAGR 3Y	2.3%	42.1%	31.0%	·	·	·	·	·	·	·	·	·
Net Income CAGR 5Y	6.4%	·	·	·	·	·	·	·	·	·	·	·
Dividend CAGR 5Y	10.5%	·	·	·	·	·	·	·	·	·	·	·

Valuation (TTM) 13

Annual Valuation (TTM) data for AAON
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue TTM	$1.44B	$1.20B	$1.17B	$889M	$535M	$515M	$469M	$434M	$405M	$384M	$359M	$356M
Net Income TTM	$108M	$169M	$178M	$100M	$59M	$79M	$54M	$42M	$54M	$53M	$46M	$44M
Market Cap	$6.23B	$9.58B	$6.02B	$2.68B	$2.78B	$2.32B	$1.72B	$1.22B	$1.28B	$1.16B	$821M	$807M
P/E	59.1	58.3	34.7	40.5	72.5	29.8	32.3	29.2	24.2	22.0	18.4	18.7
P/S	4.3	8.0	5.2	3.0	5.2	4.5	3.7	2.8	3.2	3.0	2.3	2.3
P/B	7.0	11.6	8.2	4.8	6.0	6.6	5.9	4.9	5.4	5.6	4.6	4.6
P / Tangible Book	7.7	12.8	10.3	6.5	9.0	6.7	·	·	·	·	·	·
P / Cash Flow	11664.7	49.8	37.9	43.7	45.5	18.0	17.5	22.2	22.1	18.1	15.5	15.4
P / FCF	·	·	·	367.8	477.8	38.0	28.2	69.1	78.8	31.1	25.7	22.3
Dividend Yield	0.52%	0.27%	0.44%	0.85%	0.72%	0.85%	0.97%	1.4%	1.1%	1.1%	1.4%	1.2%
Earnings Yield	1.7%	1.7%	2.9%	2.5%	1.4%	3.4%	3.1%	3.4%	4.1%	4.5%	5.4%	5.4%
Payout Ratio	30.3%	15.5%	14.9%	22.8%	34.0%	25.1%	31.0%	39.3%	25.1%	23.8%	25.9%	21.9%
Annual Payout	$33M	$26M	$26M	$23M	$20M	$20M	$17M	$17M	$14M	$13M	$12M	$10M

Income Statement 14

Quarterly Income Statement data for AAON
Metric	Q2 2026	Q4 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue	$627M	$497M	$424M	$384M	$312M	$322M	$298M	$327M	$314M	$262M	$307M	$312M	$284M	$266M	$255M	$243M
Cost of Revenue	$474M	$372M	$314M	$277M	$229M	$236M	$220M	$213M	$200M	$170M	$195M	$196M	$190M	$189M	$176M	$177M
Gross Profit	$152M	$125M	$110M	$107M	$83M	$86M	$78M	$114M	$113M	$92M	$112M	$116M	$94M	$77M	$79M	$66M
SG&A Expense	$84M	$68M	$66M	$63M	$59M	$51M	$48M	$49M	$46M	$45M	$48M	$51M	$39M	$33M	$32M	$29M
Operating Income	$69M	$57M	$44M	$44M	$24M	$35M	$29M	$66M	$67M	$47M	$64M	$65M	$55M	$44M	$47M	$37M
Other Non-op	$158.0K	$77.0K	$124.0K	$0	$-68.0K	$174.0K	$45.0K	$81.0K	$175.0K	$77.0K	$133.0K	$93.0K	$163.0K	$114.0K	$104.0K	$54.0K
Pretax Income	$63M	$52M	$38M	$38M	$20M	$32M	$28M	$65M	$67M	$47M	$63M	$63M	$53M	$43M	$46M	$36M
Income Tax	$6M	$12M	$6M	$8M	$4M	$3M	$4M	$12M	$15M	$8M	$16M	$15M	$8M	$6M	$7M	$8M
Net Income	$57M	$40M	$32M	$31M	$15M	$29M	$25M	$53M	$52M	$39M	$47M	$48M	$46M	$37M	$39M	$27M
EPS (Basic)	$0.69	$0.49	$0.39	$0.38	$0.19	$0.36	$0.30	$0.65	$0.64	$0.48	$0.58	$0.59	$0.56	$0.46	$0.28	$0.34
EPS (Diluted)	$0.68	$0.48	$0.38	$0.37	$0.19	$0.35	$0.31	$0.63	$0.62	$0.46	$0.56	$0.58	$0.55	$0.44	$0.27	$0.34
Shares (Basic)	82,189,734	81,756,604	-162,927,827	81,543,105	81,441,511	81,472,351	-163,070,109	81,089,476	81,791,792	81,661,972	-162,163,274	81,418,800	81,439,691	80,460,897	-105,904,025	79,777,987
Shares (Diluted)	83,721,199	83,179,954	-166,154,260	82,952,049	82,956,213	83,351,536	-167,308,467	83,107,077	83,786,222	84,044,670	-166,428,303	83,393,054	83,469,581	82,860,958	-107,405,335	80,938,074
EBITDA	$69M	$78M	·	$44M	$24M	$54M	·	$66M	$67M	$60M	·	$65M	$55M	$54M	·	$37M

Balance Sheet 24

Quarterly Balance Sheet data for AAON
Metric	Q2 2026	Q4 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Cash & Equivalents	$13.0K	$13.0K	$13.0K	$1M	$14.0K	$994.0K	$14.0K	$15.0K	$13.0K	$8M	·	$212.0K	$5M	$3M	·	$11M
Receivables	$361M	$290M	$314M	$266M	$171M	$165M	$147M	$144M	$149M	$110M	·	$160M	$154M	$161M	$127M	$134M
Inventory	$331M	$313M	$261M	$251M	$235M	$199M	$187M	$178M	$183M	$196M	·	$215M	$215M	$200M	·	$177M
Prepaid Expense	$12M	$21M	$18M	$8M	$7M	$9M	$7M	$3M	$6M	$7M	·	$3M	$4M	$6M	·	$2M
Current Assets	$995M	$944M	$869M	$759M	$654M	$572M	$488M	$428M	$423M	$392M	·	$425M	$424M	$384M	·	$336M
PP&E (Net)	$683M	$655M	$631M	$592M	$559M	$552M	$510M	$428M	$413M	$391M	·	$357M	$347M	$325M	·	$296M
PP&E (Gross)	$1.08B	$1.04B	$1.00B	$947M	$898M	$877M	$820M	$726M	$701M	$685M	·	$632M	$611M	$579M	·	$539M
Accum. Depreciation	$398M	$380M	$373M	$356M	$339M	$325M	$310M	$298M	$288M	$294M	·	$275M	$264M	$254M	·	$242M
Goodwill	·	·	·	·	·	·	·	·	$82M	$82M	·	$82M	$82M	$82M	·	$82M
Intangibles	$86M	$90M	$84M	$82M	$80M	$79M	$78M	$77M	$76M	$71M	·	$62M	$63M	$64M	·	$66M
Other Non-current Assets	$2M	$2M	$2M	·	·	·	$242.0K	·	·	·	·	·	·	·	·	·
Total Assets	$1.86B	$1.79B	$1.69B	$1.53B	$1.40B	$1.30B	$1.18B	$1.03B	$1.01B	$953M	·	$945M	$930M	$868M	·	$786M
Accounts Payable	$172M	$160M	$110M	$110M	$82M	$77M	$45M	$27M	$29M	$15M	·	$30M	$32M	$30M	·	$49M
Accrued Liabilities	$138M	$137M	$132M	$120M	$95M	$97M	$99M	$96M	$85M	$93M	·	$91M	$101M	$86M	·	$62M
Current Liabilities	$330M	$360M	$331M	$250M	$211M	$207M	$175M	$140M	$141M	$125M	·	$140M	$154M	$138M	·	$142M
Capital Leases	$14M	$15M	$16M	$15M	$16M	$13M	$14M	$14M	$14M	$15M	·	$11M	$6M	$6M	·	$1M
Deferred Tax	$38M	$35M	$30M	$22M	·	$5M	$0	$2M	$6M	$5M	·	$15M	$14M	$20M	·	$31M
Other Non-current Liabilities	$29M	$27M	$23M	·	·	·	$21M	·	·	·	·	·	·	·	·	·
Common Stock	$330.0K	$327.0K	$327.0K	$326.0K	$326.0K	$325.0K	$326.0K	$325.0K	$324.0K	$329.0K	·	$325.0K	$218.0K	$217.0K	·	$213.0K
Paid-in Capital	$100M	$72M	$64M	$56M	$49M	$39M	$69M	$59M	$49M	$139M	·	$110M	$129M	$117M	·	$88M
Retained Earnings	$910M	$862M	$830M	$806M	$784M	$777M	$755M	$737M	$691M	$645M	·	$572M	$531M	$492M	·	$436M
Stockholders' Equity	$1.01B	$934M	$895M	$863M	$833M	$816M	$825M	$797M	$740M	$785M	$735M	$682M	$660M	$609M	$561M	$524M
Liabilities + Equity	$1.86B	$1.79B	$1.69B	$1.53B	$1.40B	$1.30B	$1.18B	$1.03B	$1.01B	$953M	·	$945M	$930M	$868M	·	$786M
Shares Outstanding	82,448,037	81,851,483	81,691,075	81,593,092	81,509,387	81,348,131	81,436,594	81,246,902	80,950,856	82,117,680	·	81,231,513	54,379,324	54,201,863	·	53,214,971

Cash Flow 13

Quarterly Cash Flow data for AAON
Metric	Q2 2026	Q4 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
D&A	·	$21M	$20M	$20M	$20M	$19M	$18M	$17M	$14M	$13M	$13M	$12M	$11M	$10M	$9M	$9M
Stock-based Comp	·	$8M	$5M	$5M	$5M	$4M	$4M	$4M	$4M	$4M	$4M	$4M	$4M	$4M	$3M	$3M
Deferred Tax	$5M	$5M	$8M	$25M	$-8M	$6M	$-2M	$-4M	$781.0K	$-740.0K	$-3M	$521.0K	$-5M	$921.0K	$-13M	$-436.0K
Amort. of Intangibles	$2M	$2M	$2M	$2M	$2M	$2M	$2M	$3M	$2M	$2M	$3M	$902.0K	$901.0K	$902.0K	$901.0K	$902.0K
Other Non-cash	·	$-39M	·	·	·	$-67M	·	·	·	$37M	·	·	·	$-47M	·	·
Operating Cash Flow	·	$34M	$19M	$12M	$-22M	$-9M	$845.0K	$64M	$36M	$92M	$52M	$47M	$55M	$5M	$18M	$45M
CapEx	·	·	·	·	·	·	·	·	·	·	·	$22M	$32M	$29M	·	$14M
Investing Cash Flow	·	$-51M	$-54M	$-49M	$-39M	$-50M	$-99M	$-38M	$-37M	$-39M	$-27M	$-22M	$-32M	$-29M	$-12M	$-14M
Dividends Paid	·	$8M	$8M	$8M	$8M	$8M	$7M	$6M	$7M	$7M	$6M	$7M	$7M	$6M	$13M	$10M
Financing Cash Flow	·	$17M	$33M	$38M	$60M	$55M	$98M	$-31M	$-15M	$-34M	$-39M	$-30M	$1M	$21M	$-11M	$-38M
Net Change in Cash	·	·	·	$946.0K	$-1M	$-4M	·	$-5M	$-16M	$19M	·	$-5M	$25M	$-3M	·	$-7M
Taxes Paid	$2M	$28.0K	·	·	$12M	$538.0K	$9M	$12M	$28M	$311.0K	$18M	$12M	$33M	$172.0K	·	$3M
Free Cash Flow	·	·	·	·	·	·	·	·	·	·	·	·	·	$-24M	·	·

Profitability 8

Quarterly Profitability data for AAON
Metric	Q2 2026	Q4 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Gross Margin	24.3%	25.1%	·	27.8%	26.6%	26.8%	·	34.9%	36.1%	35.2%	·	37.2%	33.1%	29.0%	·	27.0%
Operating Margin	11.0%	11.5%	·	11.3%	7.6%	10.9%	·	20.0%	21.4%	17.9%	·	20.7%	19.3%	16.6%	·	15.1%
Net Margin	9.0%	8.0%	·	8.0%	5.0%	9.1%	·	16.1%	16.7%	14.9%	·	15.4%	16.1%	13.8%	·	11.3%
Pretax Margin	10.0%	10.5%	·	10.0%	6.3%	10.1%	·	19.7%	21.4%	17.9%	·	20.3%	18.8%	16.2%	·	14.8%
EBITDA Margin	11.0%	15.7%	·	11.3%	7.6%	16.8%	·	20.0%	21.4%	23.1%	·	20.7%	19.3%	20.5%	·	15.1%
ROA	3.5%	·	·	2.4%	1.3%	2.6%	·	5.3%	5.4%	4.3%	·	5.6%	5.3%	4.6%	·	4.2%
ROE	6.2%	·	·	3.7%	2.0%	3.7%	·	7.1%	7.5%	5.6%	·	8.0%	7.9%	6.8%	·	5.9%
ROIC	6.2%	·	·	4.0%	2.2%	3.9%	·	6.7%	7.1%	5.0%	·	7.2%	7.1%	6.2%	·	5.4%

Liquidity & Solvency 2

Quarterly Liquidity & Solvency data for AAON
Metric	Trend	Q2 2026	Q4 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Current Ratio		3.0	·	·	3.0	3.1	2.8	·	3.1	3.0	3.1	·	3.0	2.8	2.8	·	2.4
Quick Ratio		1.1	·	·	1.1	0.8	0.8	·	1.0	1.1	0.9	·	1.1	1.0	1.2	·	1.0

Efficiency 3

Quarterly Efficiency data for AAON
Metric	Q2 2026	Q4 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Asset Turnover	0.4	·	·	0.3	0.3	0.3	·	0.3	0.3	0.3	·	0.4	0.3	0.3	·	0.4
Inventory Turnover	1.7	·	·	1.3	1.1	1.2	·	1.1	1.0	0.9	·	1.0	1.0	1.1	·	1.3
Receivables Turnover	2.4	·	·	1.9	1.9	2.3	·	2.2	2.1	1.9	·	2.1	2.0	1.9	·	2.5

Per Share 7

Quarterly Per Share data for AAON
Metric	Q2 2026	Q4 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Book Value / Share	$12.26	·	·	$10.58	$10.22	$10.03	·	$9.81	$9.15	$9.56	·	$8.40	$12.14	$11.24	·	$9.84
Revenue / Share	$7.49	$5.97	·	$4.63	$3.76	$3.86	·	$3.94	$3.74	$3.12	·	$3.74	$5.10	$4.81	·	$4.50
Cash Flow / Share	·	$0.41	·	·	·	$-0.11	·	·	·	$1.10	·	·	·	$0.09	·	·
Cash / Share	$0.00	·	·	$0.01	$0.00	$0.01	·	$0.00	$0.00	$0.10	·	$0.00	$0.10	$0.05	·	$0.20
Dividend / Share	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Dividend Paid / Share	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
EPS (TTM)	$1.72	$1.39	·	$1.54	$1.79	$2.06	·	$2.29	$2.21	$2.03	·	$1.91	$1.63	$1.41	·	$1.26

Valuation (TTM) 11

Quarterly Valuation (TTM) data for AAON
Metric	Q2 2026	Q4 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue TTM	$1.82B	$1.51B	·	$1.35B	$1.27B	$1.22B	·	$1.21B	$1.17B	$1.12B	·	$1.10B	$1.00B	$900M	·	$773M
Net Income TTM	$143M	$115M	·	$128M	$150M	$173M	·	$192M	$185M	$170M	·	$158M	$126M	$98M	·	$77M
Market Cap	$10.46B	·	·	$7.62B	$6.01B	$6.36B	·	$8.76B	$7.06B	$7.23B	·	$4.62B	$3.44B	$3.49B	·	$1.91B
P/E	73.8	59.5	·	60.7	41.2	37.9	·	47.1	39.5	43.4	·	29.8	38.8	45.7	·	28.5
P/S	5.7	·	·	5.7	4.7	5.2	·	7.2	6.0	6.4	·	4.2	3.4	3.9	·	2.5
P/B	10.4	·	·	8.8	7.2	7.8	·	11.0	9.5	9.2	·	6.8	5.2	5.7	·	3.6
P / Tangible Book	11.3	·	·	9.8	8.0	8.6	·	12.2	12.1	11.4	·	8.6	6.7	7.5	·	5.1
P / Cash Flow	·	·	·	·	·	-689.8	·	·	·	78.3	·	·	·	724.4	·	·
P / FCF	·	·	·	·	·	·	·	·	·	·	·	·	·	-144.9	·	·
Earnings Yield	1.4%	1.7%	·	1.7%	2.4%	2.6%	·	2.1%	2.5%	2.3%	·	3.4%	2.6%	2.2%	·	3.5%
Payout Ratio	·	20.5%	·	·	·	27.6%	·	·	·	16.8%	·	·	·	17.5%	·	·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	$1.44B	$1.20B	$1.17B	$889M	$535M
Gross Margin %	26.8%	33.1%	34.2%	26.7%	25.8%
Operating Margin %	10.1%	17.4%	19.5%	14.3%	13.0%
Net Income	$108M	$169M	$178M	$100M	$59M
Diluted EPS	$1.29	$2.02	$2.13	$1.24	$0.73

Balance Sheet

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Current Ratio	2.6	2.8	3.2	2.4	2.5
Quick Ratio	1.0	0.8	1.1	0.9	0.8

Cash Flow

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Free Cash Flow	—	—	—	$7M	$6M

Latest News Recent headlines mentioning this company

AAON Enters Oversold Territory Nasdaq · 4 weeks, 1 day ago

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

My Metrics Your personal watchlist — selected rows from Full Fundamentals

📊

Pick the metrics that matter to you — click the ➕ next to any row in Full Fundamentals above.

Your selection is saved and follows you across all tickers.

Institutional owners (13F) 511 filers · $5.6B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter

New positions	Exited positions	Increased	Decreased	Net shares change
116 (+55 vs prior Q)	33 (-16 vs prior Q)	126 (-31 vs prior Q)	165 (+43 vs prior Q)	-391K

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution	Value	Shares	% of tracked 13F	Type
WELLINGTON MANAGEMENT GROUP LLP	$453,934,512	3,578,232	8.14%	Shares
VANGUARD CAPITAL MANAGEMENT LLC	$396,027,869	3,121,771	7.10%	Shares
VANGUARD PORTFOLIO MANAGEMENT LLC	$372,820,735	2,938,836	6.69%	Shares
STATE STREET CORP	$333,061,123	2,625,540	5.97%	Shares
FIRST TRUST ADVISORS LP	$200,333,319	1,579,172	3.59%	Shares
BLAIR WILLIAM & CO/IL	$194,531,388	1,533,434	3.49%	Shares
WASATCH ADVISORS LP	$187,686,765	2,268,118	3.37%	Shares
DIMENSIONAL FUND ADVISORS LP	$161,748,910	1,275,019	2.90%	Shares
GEODE CAPITAL MANAGEMENT, LLC	$148,866,251	1,173,155	2.67%	Shares
Capital World Investors	$139,893,977	1,102,743	2.51%	Shares
Conestoga Capital Advisors, LLC	$128,867,519	1,015,825	2.31%	Shares
FULLER & THALER ASSET MANAGEMENT, INC.	$116,400,466	917,551	2.09%	Shares
Pictet Asset Management Holding SA	$112,111,256	883,740	2.01%	Shares
Mawer Investment Management Ltd.	$108,487,247	855,173	1.95%	Shares
Spyglass Capital Management LLC	$98,523,155	776,629	1.77%	Shares
BOKF, NA	$86,467,522	681,598	1.55%	Shares
Stephens Investment Management Group LLC	$81,603,456	643,256	1.46%	Shares
Copeland Capital Management, LLC	$77,017,000	607,102	1.38%	Shares
AMERIPRISE FINANCIAL INC	$76,429,613	602,469	1.37%	Shares
FMR LLC	$75,627,021	596,146	1.36%	Shares
BAMCO INC /NY/	$69,062,838	544,402	1.24%	Shares
NORGES BANK	$66,288,029	522,529	1.19%	Shares
BROWN ADVISORY INC	$58,129,383	458,217	1.04%	Shares
VANGUARD FIDUCIARY TRUST CO	$55,921,918	440,816	1.00%	Shares
ROYCE & ASSOCIATES LP	$48,866,218	385,198	0.88%	Shares
AMERICAN CAPITAL MANAGEMENT INC	$47,595,081	375,178	0.85%	Shares
Champlain Investment Partners, LLC	$45,877,777	361,641	0.82%	Shares
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC	$44,956,266	354,377	0.81%	Shares
Impax Asset Management Group plc	$43,533,851	343,165	0.78%	Shares
NOMURA ASSET MANAGEMENT INTERNATIONAL INC.	$41,423,000	326,523	0.74%	Shares
GENEVA CAPITAL MANAGEMENT LLC	$40,240,880	317,207	0.72%	Shares
GOLDMAN SACHS GROUP INC	$39,764,815	313,454	0.71%	Shares
Pembroke Management, LTD	$37,652,809	296,806	0.68%	Shares
ENVESTNET ASSET MANAGEMENT INC	$37,258,082	293,694	0.67%	Shares
Grantham, Mayo, Van Otterloo & Co. LLC	$32,774,027	258,348	0.59%	Shares
VANGUARD GROUP INC	$32,358,746	424,377	0.58%	Shares
WCM INVESTMENT MANAGEMENT, LLC	$32,167,680	255,888	0.58%	Shares
Ranger Investment Management, L.P.	$30,573,641	241,003	0.55%	Shares
TWO SIGMA INVESTMENTS, LP	$29,605,826	233,374	0.53%	Shares
PRUDENTIAL FINANCIAL INC	$29,468,690	232,293	0.53%	Shares
JANE STREET GROUP, LLC	$27,471,279	216,548	0.49%	Shares
Rockefeller Capital Management L.P.	$26,881,360	211,897	0.48%	Shares
RIVERBRIDGE PARTNERS LLC	$26,464,454	208,611	0.47%	Shares
EULAV Asset Management	$26,450,310	208,500	0.47%	Shares
FIFTH THIRD BANCORP	$26,055,553	205,388	0.47%	Shares
Giverny Capital Inc.	$25,978,264	204,779	0.47%	Shares
Retirement Systems of Alabama	$25,800,914	203,381	0.46%	Shares
Aperture Investors, LLC	$25,164,076	198,361	0.45%	Shares
RHUMBLINE ADVISERS	$24,110,949	190,060	0.43%	Shares
JANE STREET GROUP, LLC	$21,185,620	167,000	0.38%	Call option
JACOBSON & SCHMITT ADVISORS, LLC	$19,701,866	155,304	0.35%	Shares
PRINCIPAL FINANCIAL GROUP INC	$19,488,867	153,625	0.35%	Shares
Ensign Peak Advisors, Inc	$19,119,832	150,716	0.34%	Shares
FERGUSON WELLMAN CAPITAL MANAGEMENT, INC	$19,046,253	150,136	0.34%	Shares
Allied Investment Advisors, LLC	$18,998,680	149,761	0.34%	Shares
Swiss National Bank	$17,712,828	139,625	0.32%	Shares
Toroso Investments, LLC	$16,596,880	217,664	0.30%	Shares
CLOUGH CAPITAL PARTNERS L P	$16,192,918	127,644	0.29%	Shares
TUDOR INVESTMENT CORP ET AL	$16,170,337	127,466	0.29%	Shares
Swedbank AB	$15,603,780	123,000	0.28%	Shares
PEREGRINE CAPITAL MANAGEMENT LLC	$15,411,460	121,484	0.28%	Shares
Erste Asset Management GmbH	$15,148,630	120,500	0.27%	Shares
SILVERCREST ASSET MANAGEMENT GROUP LLC	$14,152,375	111,559	0.25%	Shares
NEXT CENTURY GROWTH INVESTORS LLC	$13,958,532	110,031	0.25%	Shares
KENNEDY CAPITAL MANAGEMENT LLC	$13,804,905	108,820	0.25%	Shares
MORGAN STANLEY	$13,705,583	108,037	0.25%	Shares
Squarepoint Ops LLC	$13,579,729	107,045	0.24%	Shares
BANK OF AMERICA CORP /DE/	$13,022,179	102,650	0.23%	Shares
Aberdeen Group plc	$13,000,486	102,479	0.23%	Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$12,977,778	102,300	0.23%	Call option
BlackRock, Inc.	$12,813,241	101,003	0.23%	Shares
SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC	$12,686,000	100,000	0.23%	Shares
Jackson Square Partners, LLC	$12,496,105	133,734	0.22%	Shares
BLI - Banque de Luxembourg Investments	$12,282,780	97,500	0.22%	Shares
RAYMOND JAMES FINANCIAL INC	$11,586,914	91,336	0.21%	Shares
Trexquant Investment LP	$11,384,416	89,740	0.20%	Shares
CITADEL ADVISORS LLC	$11,232,946	88,546	0.20%	Shares
California Public Employees Retirement System	$10,150,830	80,016	0.18%	Shares
KING LUTHER CAPITAL MANAGEMENT CORP	$9,337,657	73,606	0.17%	Shares
ArrowMark Colorado Holdings LLC	$9,180,731	72,369	0.16%	Shares
B. Metzler seel. Sohn & Co. AG	$8,988,158	70,851	0.16%	Shares
Qube Research & Technologies Ltd	$8,643,733	68,136	0.16%	Shares
VANGUARD ASSET MANAGEMENT, Ltd	$8,351,701	65,834	0.15%	Shares
Ascent Group, LLC	$8,185,007	64,520	0.15%	Shares
SEI INVESTMENTS CO	$7,486,100	59,011	0.13%	Shares
CITADEL ADVISORS LLC	$7,370,566	58,100	0.13%	Call option
STATE OF WISCONSIN INVESTMENT BOARD	$7,342,276	57,877	0.13%	Shares
CHATHAM CAPITAL GROUP, INC.	$7,150,591	56,366	0.13%	Shares
ALGERT GLOBAL LLC	$6,809,845	53,680	0.12%	Shares
ALLIANCEBERNSTEIN L.P.	$6,714,501	81,142	0.12%	Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	$6,656,079	80,436	0.12%	Shares
VAN ECK ASSOCIATES CORP	$6,557,520	51,691	0.12%	Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM	$6,427,869	50,669	0.12%	Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE	$6,301,517	49,673	0.11%	Shares
CASTLEARK MANAGEMENT LLC	$6,180,619	48,720	0.11%	Shares
LRT Capital Management, LLC	$6,061,751	47,783	0.11%	Shares
NEW YORK STATE COMMON RETIREMENT FUND	$6,006,948	47,351	0.11%	Shares
XTX Topco Ltd	$5,596,809	44,118	0.10%	Shares
Granite Investment Partners, LLC	$5,543,909	43,701	0.10%	Shares
STIFEL FINANCIAL CORP	$5,539,024	43,662	0.10%	Shares

Company insiders 38 insiders · 13 officers · 14 directors

Insider	Role	Last activity	Shares owned	Sells 12m	Net 12m
Matthew Joseph Tobolski	CEO	May 13, 2025 A	72,874	0	$0
Chung Kin Cheung	Chief Financial Officer	April 20, 2026 A	17,541	0	$0
Scott M Asbjornson	Vice President, Finance & CFO	May 16, 2021 D	845,094	0	$0
Rebecca Thompson	Chief Accounting Officer	June 2, 2026 S	0	1	$-606,667
Gordon Douglas Wichman	Executive Vice President	May 26, 2026 M	10,997	1	$-421,170
Casey Kidwell	Chief Administration Officer	May 30, 2025 F	11,315	0	$0
Christopher Douglas Eason	Principal Accounting Officer	March 14, 2025 F	5,301	0	$0
Stephen E Wakefield	Executive Vice President	March 14, 2025 F	10,730	0	$0
Matthew Shaub	Executive Vice President	March 11, 2025 A	1,355	0	$0
Sam Neale	Vice President	March 13, 2018 M	28,528	0	$0
Kathy I Sheffield	Sr. Vice President Admin/Treas	Nov. 30, 2017 F	22,072	0	$0
Robert G Fergus	Vice President	Jan. 4, 2017 F	23,095	0	$0
John B Johnson JR	Secretary	May 20, 2014 A	29,750	0	$0
Gary D Fields	Director	May 29, 2026 S	15,252	2	$-5,635,219
Norman H Asbjornson	Director	May 29, 2026 G	1,201,290	0	$0
A H Mcelroy II	Director	May 12, 2026 A	75,380	0	$0
David Raymond Stewart	Director	May 13, 2025 A	8,586	0	$0
Bruce Ware	Director	May 13, 2025 A	8,586	0	$0
Angela Kouplen	Director	May 13, 2025 A	37,869	0	$0
Stephen O Leclair	Director	May 13, 2025 A	30,276	0	$0
Paul K Lackey Jr	Director	Dec. 13, 2021 S	66,037	0	$0
Stephen Leclair	Director	May 11, 2021 A	15,290	0	$0
Jack E Short	Director	March 3, 2020 S	27,121	0	$0
Jerry R Levine	Director	March 10, 2017 S	221,399	0	$0
Joseph E Cappy	Director	May 20, 2014 A	43,987	0	$0
Caron A Lawhorn	—	May 12, 2026 A	18,675	0	$0
Robert Teis	—	March 14, 2025 F	12,697	0	$0
David E Benson	—	March 11, 2025 A	133,053	0	$0
Xerxes P Gazder	—	Feb. 13, 2025 J	2,988	0	$0
Rony D Gadiwalla	—	Dec. 20, 2022 G	19,426	0	$0
Larry Gene Stewart	—	Nov. 8, 2022 M	0	0	$0
Mikel D Crews	—	Aug. 12, 2020 S	39,294	0	$0
David E Knebel	—	March 21, 2014 M	69,275	0	$0
Cc Stephenson JR	—	May 19, 2009 A	764,022	0	$0
Anthony Pantaleoni	—	Nov. 23, 2007 G	81,435	0	$0
Thomas E Naugle	—	Aug. 21, 2007 J	148,765	0	$0
Jerry E Ryan	—	May 31, 2006 A	0	0	$0
William A Bowen	—	March 31, 2005 G	200,529	0	$0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 79 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund	Weight	Units	As of	Source
RSMC · Tidal Trust III	1.81%	146,635 NS	April 30, 2026	N-PORT
FXR · First Trust Exchange-Traded AlphaDE…	0.72%	54,174 NS	April 30, 2026	N-PORT
CCSO · Tidal Trust II	0.63%	3,144 NS	April 30, 2026	N-PORT
MMSC · First Trust Exchange-Traded Fund VI…	0.62%	2,324 NS	May 31, 2026	N-PORT
IVOG · VANGUARD ADMIRAL FUNDS	0.45%	67,084 SH	Aug. 8, 2026	Daily
FNY · First Trust Exchange-Traded AlphaDE…	0.45%	24,858 NS	April 30, 2026	N-PORT
NUSC · Nushares ETF Trust	0.38%	53,023 NS	April 30, 2026	N-PORT
MIDE · DBX ETF Trust	0.38%	92 NS	May 29, 2026	N-PORT
QUVU · Hartford Funds Exchange-Traded Trust	0.33%	6,155 NS	April 30, 2026	N-PORT
IJK · iShares Trust	0.33%	397,341 SH	Aug. 8, 2026	Daily
IQSM · New York Life Investments ETF Trust	0.25%	8,403 NS	April 30, 2026	N-PORT
VBK · VANGUARD INDEX FUNDS	0.24%	922,239 SH	Aug. 8, 2026	Daily
IVOO · VANGUARD ADMIRAL FUNDS	0.24%	109,906 SH	Aug. 8, 2026	Daily
MVV · ProShares Trust	0.21%	2,339 NS	May 31, 2026	N-PORT
SCHA · SCHWAB STRATEGIC TRUST	0.20%	325,468 NS	May 31, 2026	N-PORT
XJH · iShares Trust	0.19%	9,215 SH	Aug. 8, 2026	Daily
ISCG · iShares Trust	0.19%	21,257 SH	Aug. 8, 2026	Daily
PTMC · Pacer Funds Trust	0.18%	7,768 NS	April 30, 2026	N-PORT
MADE · iShares Trust	0.18%	1,271 SH	Aug. 8, 2026	Daily
SCHM · SCHWAB STRATEGIC TRUST	0.18%	182,985 NS	May 31, 2026	N-PORT
IWP · iShares Trust	0.18%	393,897 SH	Aug. 8, 2026	Daily
IJH · iShares Trust	0.17%	2,345,859 SH	Aug. 8, 2026	Daily
TRFK · Pacer Funds Trust	0.16%	10,812 NS	April 30, 2026	N-PORT
FNX · First Trust Exchange-Traded AlphaDE…	0.15%	21,937 NS	April 30, 2026	N-PORT
UMDD · ProShares Trust	0.14%	327 NS	May 31, 2026	N-PORT
BKMC · BNY Mellon ETF Trust	0.14%	9,520 NS	April 30, 2026	N-PORT
DFAS · Dimensional ETF Trust	0.14%	213,411 NS	April 30, 2026	N-PORT
FAD · First Trust Exchange-Traded AlphaDE…	0.13%	6,837 NS	April 30, 2026	N-PORT
BBMC · J.P. Morgan Exchange-Traded Fund Tr…	0.13%	27,345 NS	April 30, 2026	N-PORT
ESML · iShares Trust	0.13%	40,157 SH	Aug. 8, 2026	Daily
MIDU · Direxion Shares ETF Trust	0.13%	1,120 NS	April 30, 2026	N-PORT
VIS · VANGUARD WORLD FUND	0.12%	84,428 SH	Aug. 8, 2026	Daily
VB · VANGUARD INDEX FUNDS	0.11%	1,596,893 SH	Aug. 8, 2026	Daily
PRFZ · Invesco Exchange-Traded Fund Trust	0.10%	31,859 SH	Aug. 8, 2026	Daily
VXF · VANGUARD INDEX FUNDS	0.10%	780,079 SH	Aug. 8, 2026	Daily
ISCB · iShares Trust	0.09%	3,025 SH	Aug. 8, 2026	Daily
FIDU · FIDELITY COVINGTON TRUST	0.09%	20,605 NS	April 30, 2026	N-PORT
FNDA · SCHWAB STRATEGIC TRUST	0.09%	57,795 NS	May 31, 2026	N-PORT
SMMD · iShares Trust	0.08%	34,317 SH	Aug. 8, 2026	Daily
IYJ · iShares Trust	0.07%	15,578 SH	Aug. 8, 2026	Daily
AVMC · AMERICAN CENTURY ETF TRUST	0.06%	1,870 NS	May 31, 2026	N-PORT
WSML · iShares Trust	0.06%	4,124 SH	Aug. 8, 2026	Daily
RWK · Invesco Exchange-Traded Fund Trust …	0.05%	7,109 SH	Aug. 8, 2026	Daily
MSSM · MORGAN STANLEY PATHWAY FUNDS	0.05%	2,638 NS	May 31, 2026	N-PORT
IWR · iShares Trust	0.04%	277,752 SH	Aug. 8, 2026	Daily
GGUS · Goldman Sachs ETF Trust	0.04%	1,188 NS	May 31, 2026	N-PORT
DFAC · Dimensional ETF Trust	0.03%	154,451 NS	April 30, 2026	N-PORT
VONG · VANGUARD SCOTTSDALE FUNDS	0.03%	107,765 SH	Aug. 8, 2026	Daily
JSTC · Tidal Trust I	0.03%	710 NS	May 31, 2026	N-PORT
AVSU · AMERICAN CENTURY ETF TRUST	0.03%	982 NS	May 31, 2026	N-PORT
EQAL · Invesco Exchange-Traded Fund Trust …	0.03%	2,609 SH	Aug. 8, 2026	Daily
ONEQ · Fidelity Commonwealth Trust	0.03%	21,311 NS	May 31, 2026	N-PORT
DFSU · Dimensional ETF Trust	0.02%	4,678 NS	April 30, 2026	N-PORT
IWF · iShares Trust	0.02%	256,859 SH	Aug. 8, 2026	Daily
DCOR · Dimensional ETF Trust	0.02%	5,083 NS	April 30, 2026	N-PORT
IUSG · iShares Trust	0.02%	59,136 SH	Aug. 8, 2026	Daily
TILT · FlexShares Trust	0.01%	3,080 NS	April 30, 2026	N-PORT
SCHK · SCHWAB STRATEGIC TRUST	0.01%	5,544 NS	May 31, 2026	N-PORT
AVUS · AMERICAN CENTURY ETF TRUST	0.01%	12,467 NS	May 31, 2026	N-PORT
SCHB · SCHWAB STRATEGIC TRUST	0.01%	39,652 NS	May 31, 2026	N-PORT
GUSA · Goldman Sachs ETF Trust II	0.01%	2,135 NS	May 31, 2026	N-PORT
DEUS · DBX ETF Trust	0.01%	238 NS	May 29, 2026	N-PORT
DXUV · Dimensional ETF Trust	0.01%	526 NS	April 30, 2026	N-PORT
DFAU · Dimensional ETF Trust	0.01%	14,665 NS	April 30, 2026	N-PORT
AVLC · AMERICAN CENTURY ETF TRUST	0.01%	902 NS	May 31, 2026	N-PORT
VTI · VANGUARD INDEX FUNDS	0.01%	2,210,688 SH	Aug. 8, 2026	Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX…	0.01%	56,246 SH	Aug. 8, 2026	Daily
VONE · VANGUARD SCOTTSDALE FUNDS	0.01%	11,265 SH	Aug. 8, 2026	Daily
VTHR · VANGUARD SCOTTSDALE FUNDS	0.01%	5,690 SH	Aug. 8, 2026	Daily
ESGV · VANGUARD WORLD FUND	0.01%	15,401 SH	Aug. 8, 2026	Daily
DFUS · Dimensional ETF Trust	0.01%	21,059 NS	April 30, 2026	N-PORT
MSLC · MORGAN STANLEY PATHWAY FUNDS	0.01%	2,661 NS	May 31, 2026	N-PORT
IWB · iShares Trust	0.01%	47,674 SH	Aug. 8, 2026	Daily
ITOT · iShares Trust	0.01%	87,866 SH	Aug. 8, 2026	Daily
IWV · iShares Trust	0.01%	17,849 SH	Aug. 8, 2026	Daily
FNDB · SCHWAB STRATEGIC TRUST	0.01%	577 NS	May 31, 2026	N-PORT
DGRO · iShares Trust	0.00%	20,455 SH	Aug. 8, 2026	Daily
EBI · RBB Fund Trust	0.00%	38 NS	May 31, 2026	N-PORT
FTLS · First Trust Exchange-Traded Fund III	-0.07%	-17,192 NS	April 30, 2026	N-PORT

About AAON, Inc. - Common Stock Company overview from Wikipedia

History

Acquisitions

AAON Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

AAON Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

Moving averages & overlays

Volume

Oscillators

Momentum & trend

10-Year Performance Revenue, net income, margins and EPS trends

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Financial Health Debt, liquidity, solvency — balance sheet strength

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Dividends Yield, payout ratio, dividend history, 5Y CAGR

AAON Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

12-Month Price Target

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Latest News Recent headlines mentioning this company

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

My Metrics Your personal watchlist — selected rows from Full Fundamentals

Institutional owners (13F) 511 filers · $5.6B total · As of June 30, 2026

Company insiders 38 insiders · 13 officers · 14 directors

ETF ownership Held by 79 ETFs