AAON, Inc.(AAON)Earnings, Financials & Key RatiosAAON, Inc. (AAON) stock price & volume — 10-year historical chart
Investment Thesis • Updated 2026Q1
the company's valuation, currently trading at a 98.28 P/E TTM, appears disconnected from the underlying reality of persistent negative free cash flow and significant margin erosion.
AAON, Inc. (AAON) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
AAON, Inc. (AAON) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.48vs $0.29+64.6% | $497Mvs $381M+30.4% |
| Q2 2026 | Mar 2, 2026 | $0.39vs $0.45-13.3% | $424Mvs $372M+13.9% |
| Q4 2025 | Nov 6, 2025 | $0.37vs $0.33+12.1% | $384Mvs $374M+2.7% |
| Q3 2025 | Aug 11, 2025 | $0.22vs $0.31-29.0% | $312Mvs $361M-13.8% |
Recent stock market news and headlines for AAON, Inc. (AAON)
Aaon (AAON) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
AAON is transitioning from a niche HVAC manufacturer to a critical AI data center thermal infrastructure supplier, driven by its BASX acquisition. BASX-branded backlog surged 160% year-over-year to $1.62B, positioning AAON for rapid revenue growth and a new long-term earnings base. Management raised 2026 revenue growth guidance to 40%-45% and gross margin to 27%-28%, despite near-term margin pressure from capacity expansion.
Here is how Aaon (AAON) and Cardinal (CDNL) have performed compared to their sector so far this year.
Key metrics vs top competitors for AAON, Inc. (AAON)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $109.35 | $8.96B | 84.77 | 20.11% | 7.46% | 12.51% | 0.36% | |
| $568.00 | $19.77B | 25.56 | -2.73% | 14.89% | 72.05% | — | |
| $70.10 | $58.56B | 41.24 | -3.29% | 6.03% | 9.13% | — | |
| $487.24 | $107.84B | 37.54 | 7.48% | 13.42% | 34.69% | — | |
| $142.72 | $87.08B | 54.27 | 2.81% | 14.45% | 24.88% | — | |
| $235.19 | $12.42B | 105.00 | 23.13% | 3.83% | 11.04% | — |
AAON, Inc. (AAON) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AAON, Inc. (AAON) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 18, 2026·SEC
May 7, 2026·SEC
Apr 2, 2026·SEC
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AAON, Inc. (AAON) stock FAQ — growth, dividends, profitability & financials explained
AAON, Inc. (AAON) reported $1.62B in revenue for fiscal year 2025. This represents a 2473% increase from $62.8M in 1996.
AAON, Inc. (AAON) grew revenue by 20.1% over the past year. This is strong growth.
Yes, AAON, Inc. (AAON) is profitable, generating $118.1M in net income for fiscal year 2025 (7.5% net margin).
Yes, AAON, Inc. (AAON) pays a dividend with a yield of 0.36%. This makes it attractive for income-focused investors.
AAON, Inc. (AAON) has a return on equity (ROE) of 12.5%. This is reasonable for most industries.
AAON, Inc. (AAON) had negative free cash flow of $145.2M in fiscal year 2025, likely due to heavy capital investments.
