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AAON

AAON, Inc.

Price Chart
Latest Quote

$90.08

Current Price
Previous Close $91.06
Open $90.36
Day High $91.79
Day Low $87.90
Volume 1,139,409
Fetched: 2026-02-02T22:48:36
Stock Information
Quarterly Dividend / Yield $0.40 / 0.44%
Shares Outstanding 81.63M
Total Debt $40.00M
Cash Equivalents $2.86M
Revenue $1.32B
Net Income $100.25M
Sector Industrials
Industry Building Products & Equipment
Market Cap $7.35B
P/E Ratio 74.45
EPS (TTM) $1.21
Exchange NMS
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πŸ“Š Custom Metrics & Score
Score: 25/42
Debt to Equity 0.21
Debt to Earnings 0.43
Current Ratio 2.79
Quick Ratio 1.64
Avg Revenue Growth 31.16%
Profit Margin 14.04%
Return on Equity 20.44%
Avg FCF Growth 59.98%
FCF Yield -1.13%
Score Explanation: The perfect score is 42/42 based on debt levels, profitability, growth rates, and cash flow metrics. FCF Yield is weighted most heavily as it shows what return the business currently generates.
Recent Price History
Date Close Volume
2026-02-02 $90.08 1,142,133
2026-01-30 $91.06 1,023,500
2026-01-29 $93.31 1,065,900
2026-01-28 $91.22 695,500
2026-01-27 $91.86 778,400
2026-01-26 $93.47 504,100
2026-01-23 $94.46 606,900
2026-01-22 $96.58 675,700
2026-01-21 $95.64 721,400
2026-01-20 $91.74 1,090,600
2026-01-16 $94.08 1,836,400
2026-01-15 $90.04 894,100
2026-01-14 $87.84 1,078,400
2026-01-13 $84.50 741,500
2026-01-12 $85.37 969,000
2026-01-09 $83.32 832,900
2026-01-08 $79.81 1,042,400
2026-01-07 $77.61 1,050,100
2026-01-06 $81.67 1,894,600
2026-01-05 $81.48 1,243,400
About AAON, Inc.

AAON, Inc., together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls. The company markets and sells its products to retail, manufacturing, educational, lodging, supermarket, data centers, medical and pharmaceutical, and other commercial industries. It sells its products through a network of independent manufacturer representative organizations and internal sales force, as well as online. AAON, Inc. was incorporated in 1987 and is headquartered in Tulsa, Oklahoma.

Income Statement (Annual)
Revenue
Metric 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Reconciled Cost Of Revenue $823,879,000 $782,935,000 $651,216,000 $396,687,000
Cost Of Revenue $803,526,000 $769,498,000 $651,216,000 $396,687,000
Total Revenue $1,200,635,000 $1,168,518,000 $888,788,000 $534,517,000
Operating Revenue $1,200,635,000 $1,168,518,000 $888,788,000 $519,458,000
Expenses
Metric 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Interest Expense $2,905,000 $4,843,000 $2,627,000 $132,000
Total Expenses $991,540,000 $941,037,000 $762,039,000 $465,285,000
Other Income Expense $401,000 $516,000 $411,000 $82,000
Other Non Operating Income Expenses $378,000 $503,000 $399,000 $61,000
Net Non Operating Interest Income Expense $-2,905,000 $-4,843,000 $-2,627,000 $-132,000
Interest Expense Non Operating $2,905,000 $4,843,000 $2,627,000 $132,000
Operating Expense $188,014,000 $171,539,000 $110,823,000 $68,598,000
Selling And Marketing Expense $3,281,000 $2,594,000 $2,353,000 $1,616,000
General And Administrative Expense $164,191,000 $155,184,000 $100,420,000 $64,058,000
Total Other Finance Cost - - $2,627,000 $132,000
Income & Earnings
Metric 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Net Income From Continuing Operation Net Minority Interest $168,559,000 $177,623,000 $100,376,000 $58,758,000
Net Interest Income $-2,905,000 $-4,843,000 $-2,627,000 $-132,000
Normalized Income $168,540,232 $177,612,652 $100,366,328 $58,740,171
Net Income From Continuing And Discontinued Operation $168,559,000 $177,623,000 $100,376,000 $58,758,000
Total Operating Income As Reported $209,118,000 $227,494,000 $126,761,000 $69,253,000
Net Income Common Stockholders $168,559,000 $177,623,000 $100,376,000 $58,758,000
Net Income $168,559,000 $177,623,000 $100,376,000 $58,758,000
Net Income Including Noncontrolling Interests $168,559,000 $177,623,000 $100,376,000 $58,758,000
Net Income Continuous Operations $168,559,000 $177,623,000 $100,376,000 $58,758,000
Pretax Income $206,591,000 $223,154,000 $124,533,000 $69,182,000
Special Income Charges $23,000 $13,000 $12,000 $21,000
Operating Income $209,095,000 $227,481,000 $126,749,000 $69,232,000
Depreciation Amortization Depletion Income Statement $20,542,000 $13,761,000 $8,050,000 $2,924,000
Depreciation And Amortization In Income Statement $20,542,000 $13,761,000 $8,050,000 $2,924,000
Gross Profit $397,109,000 $399,020,000 $237,572,000 $137,830,000
Depreciation Income Statement - - - $2,924,000
Per Share Metrics
Metric 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Diluted EPS $2.02 $2.13 $1.24 $0.73
Basic EPS $2.07 $2.19 $1.26 $0.75
Other
Metric 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Tax Effect Of Unusual Items $4,232 $2,652 $2,328 $3,171
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $230,015,000 $241,745,000 $162,578,000 $69,366,000
Total Unusual Items $23,000 $13,000 $12,000 $21,000
Total Unusual Items Excluding Goodwill $23,000 $13,000 $12,000 $21,000
Reconciled Depreciation $189,000 $324,000 $324,000 $73,000
EBITDA (Bullshit earnings) $230,038,000 $241,758,000 $162,590,000 $69,387,000
EBIT $209,496,000 $227,997,000 $127,160,000 $69,314,000
Diluted Average Shares $83,629,502 $83,295,290 $81,145,608 $80,593,483
Basic Average Shares $81,473,131 $81,156,114 $79,582,479 $78,606,298
Diluted NI Availto Com Stockholders $168,559,000 $177,623,000 $100,376,000 $58,758,000
Tax Provision $38,032,000 $45,531,000 $24,157,000 $10,424,000
Gain On Sale Of Ppe $23,000 $13,000 $12,000 $21,000
Selling General And Administration $167,472,000 $157,778,000 $110,823,000 $68,598,000
Other Gand A $67,396,000 $62,641,000 $34,280,000 $23,521,000
Insurance And Claims $8,303,000 $5,354,000 $3,755,000 $3,010,000
Salaries And Wages $88,492,000 $87,189,000 $62,385,000 $37,527,000
Other Special Charges - - $1,134,000 $738,000
Fetched: 2026-02-02
Balance Sheet (Annual)
Assets
Metric 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Net Tangible Assets $664,430,000 $585,279,000 $414,216,000 $310,322,000
Total Assets $1,175,234,000 $941,436,000 $813,903,000 $650,180,000
Total Non Current Assets $687,022,000 $532,482,000 $464,787,000 $432,100,000
Other Non Current Assets $242,000 $816,000 $6,421,000 $1,216,000
Non Current Deferred Assets $836,000 $0 - -
Non Current Deferred Taxes Assets $836,000 $0 - -
Goodwill And Other Intangible Assets $160,152,000 $149,945,000 $146,498,000 $155,848,000
Other Intangible Assets $78,260,000 $68,053,000 $64,606,000 $70,121,000
Current Assets $488,212,000 $408,954,000 $349,116,000 $218,080,000
Other Current Assets $7,308,000 $3,097,000 $1,919,000 $2,071,000
Restricted Cash $6,500,000 $8,736,000 $498,000 $628,000
Inventory $187,420,000 $213,532,000 $198,939,000 $130,270,000
Receivables $286,970,000 $183,302,000 $142,309,000 $82,252,000
Other Receivables $135,421,000 $45,194,000 $15,151,000 $5,749,000
Taxes Receivable $4,115,000 $0 $0 $5,723,000
Accounts Receivable $147,434,000 $138,108,000 $127,158,000 $70,780,000
Allowance For Doubtful Accounts Receivable $-1,038,000 $-323,000 $-477,000 $-549,000
Gross Accounts Receivable $148,472,000 $138,431,000 $127,635,000 $71,329,000
Cash Cash Equivalents And Short Term Investments $14,000 $287,000 $5,451,000 $2,859,000
Cash And Cash Equivalents $14,000 $287,000 $5,451,000 $2,859,000
Prepaid Assets - - - $2,071,000
Debt
Metric 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Net Debt $154,877,000 $38,041,000 $65,553,000 $37,141,000
Total Debt $170,964,000 $50,550,000 $78,251,000 $41,580,000
Long Term Debt And Capital Lease Obligation $152,483,000 $48,529,000 $76,997,000 $40,000,000
Long Term Debt $138,891,000 $38,328,000 $71,004,000 $40,000,000
Current Debt And Capital Lease Obligation $18,481,000 $2,021,000 $1,254,000 $1,580,000
Current Debt $16,000,000 - - -
Other Current Borrowings $16,000,000 - - -
Liabilities
Metric 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Liabilities Net Minority Interest $350,652,000 $206,212,000 $253,189,000 $184,010,000
Total Non Current Liabilities Net Minority Interest $175,747,000 $79,463,000 $107,622,000 $97,242,000
Other Non Current Liabilities $7,151,000 $6,606,000 $5,515,000 $18,843,000
Tradeand Other Payables Non Current $16,113,000 $12,194,000 $6,449,000 $6,406,000
Non Current Deferred Liabilities $0 $12,134,000 $18,661,000 $31,993,000
Non Current Deferred Taxes Liabilities $0 $12,134,000 $18,661,000 $31,993,000
Current Liabilities $174,905,000 $126,749,000 $145,567,000 $86,768,000
Current Deferred Liabilities $22,627,000 $16,378,000 $25,174,000 $13,473,000
Payables And Accrued Expenses $118,477,000 $90,101,000 $106,992,000 $65,556,000
Payables $66,453,000 $43,082,000 $73,530,000 $37,015,000
Other Payable $21,808,000 $14,428,000 $15,545,000 $7,995,000
Total Tax Payable $0 $1,170,000 $12,472,000 $0
Income Tax Payable $0 $1,170,000 $12,472,000 $0
Accounts Payable $44,645,000 $27,484,000 $45,513,000 $29,020,000
Other Current Liabilities - - - $3,968,000
Equity
Metric 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Common Stock Equity $824,582,000 $735,224,000 $560,714,000 $466,170,000
Total Equity Gross Minority Interest $824,582,000 $735,224,000 $560,714,000 $466,170,000
Stockholders Equity $824,582,000 $735,224,000 $560,714,000 $466,170,000
Retained Earnings $755,310,000 $612,835,000 $461,657,000 $384,306,000
Other
Metric 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Ordinary Shares Number $81,436,594 $81,508,381 $80,137,776 $78,791,977
Share Issued $81,436,594 $81,508,381 $80,137,776 $78,791,977
Tangible Book Value $664,430,000 $585,279,000 $414,216,000 $310,322,000
Invested Capital $979,473,000 $773,552,000 $631,718,000 $506,170,000
Working Capital $313,307,000 $282,205,000 $203,549,000 $131,312,000
Capital Lease Obligations $16,073,000 $12,222,000 $7,247,000 $1,580,000
Total Capitalization $963,473,000 $773,552,000 $631,718,000 $506,170,000
Additional Paid In Capital $68,946,000 $122,063,000 $98,735,000 $81,654,000
Capital Stock $326,000 $326,000 $322,000 $210,000
Common Stock $326,000 $326,000 $322,000 $210,000
Preferred Stock $0 $0 $0 $0
Long Term Capital Lease Obligation $13,592,000 $10,201,000 $5,993,000 -
Current Deferred Revenue $22,627,000 $16,378,000 $25,174,000 $13,473,000
Current Capital Lease Obligation $2,481,000 $2,021,000 $1,254,000 $1,580,000
Pensionand Other Post Retirement Benefit Plans Current $15,320,000 $18,249,000 $12,147,000 $6,159,000
Current Accrued Expenses $52,024,000 $47,019,000 $33,462,000 $28,541,000
Goodwill $81,892,000 $81,892,000 $81,892,000 $85,727,000
Net PPE $525,792,000 $381,721,000 $311,868,000 $275,036,000
Accumulated Depreciation $-309,642,000 $-283,485,000 $-245,026,000 $-224,146,000
Gross PPE $835,434,000 $665,206,000 $556,894,000 $499,182,000
Other Properties $15,436,000 $11,774,000 $7,123,000 $16,974,000
Machinery Furniture Equipment $486,996,000 $432,153,000 $372,078,000 $341,331,000
Buildings And Improvements $315,854,000 $205,841,000 $169,156,000 $135,861,000
Land And Improvements $17,148,000 $15,438,000 $8,537,000 $5,016,000
Properties $0 $0 $0 $0
Inventories Adjustments Allowances $-5,192,000 $-6,160,000 $-4,527,000 $-1,787,000
Finished Goods $456,000 $2,910,000 $5,806,000 $4,528,000
Work In Process $20,000 $5,523,000 $3,501,000 $3,049,000
Raw Materials $192,136,000 $211,259,000 $194,159,000 $124,480,000
Fetched: 2026-02-02
Cash Flow Statement (Annual)
Free Cash Flow
Metric 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Free Cash Flow $-83,354,000 $2,936,000 $-49,812,000 $-24,522,000
Operating Activities
Metric 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow $129,797,000 $112,427,000 $26,212,000 $30,840,000
Cash Flow From Continuing Operating Activities $129,797,000 $112,427,000 $26,212,000 $30,840,000
Operating Gains Losses - $-23,000 $29,000 $-22,000
Investing Activities
Metric 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Capital Expenditure $-213,151,000 $-109,491,000 $-76,024,000 $-55,362,000
Investing Cash Flow $-213,075,000 $-109,311,000 $-76,213,000 $-158,719,000
Cash Flow From Continuing Investing Activities $-213,075,000 $-109,311,000 $-76,213,000 $-158,719,000
Net Other Investing Changes $51,000 $51,000 $48,000 $54,000
Capital Expenditure Reported $-195,660,000 $-104,294,000 $-76,024,000 $-55,362,000
Financing Activities
Metric 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Repurchase Of Capital Stock $-100,034,000 $-25,009,000 $-12,737,000 $-20,876,000
Financing Cash Flow $18,034,000 $-46,510,000 $17,357,000 $18,735,000
Cash Flow From Continuing Financing Activities $18,034,000 $-46,510,000 $17,357,000 $18,735,000
Net Other Financing Charges $-4,515,000 $4,361,000 $-1,018,000 $-1,590,000
Cash Dividends Paid $-26,084,000 $-26,445,000 $-22,917,000 $-19,947,000
Common Stock Dividend Paid $-26,084,000 $-26,445,000 $-22,917,000 $-19,947,000
Net Common Stock Issuance $-100,034,000 $-25,009,000 $-12,737,000 $-20,876,000
Other
Metric 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Repayment Of Debt $-601,091,000 $-629,787,000 $-194,869,000 $0
Issuance Of Debt $717,897,000 $597,111,000 $225,758,000 $40,000,000
Interest Paid Supplemental Data $2,811,000 $4,817,000 $2,412,000 $0
Income Tax Paid Supplemental Data $49,924,000 $63,376,000 $19,293,000 $7,891,000
End Cash Position $6,514,000 $9,023,000 $5,949,000 $3,487,000
Beginning Cash Position $9,023,000 $5,949,000 $3,487,000 $82,288,000
Changes In Cash $-2,509,000 $3,074,000 $2,462,000 $-78,801,000
Proceeds From Stock Option Exercised $31,861,000 $33,259,000 $23,140,000 $21,148,000
Common Stock Payments $-100,034,000 $-25,009,000 $-12,737,000 $-20,876,000
Net Issuance Payments Of Debt $116,806,000 $-32,676,000 $30,889,000 $40,000,000
Net Long Term Debt Issuance $116,806,000 $-32,676,000 $30,889,000 $40,000,000
Long Term Debt Payments $-601,091,000 $-629,787,000 $-194,869,000 $0
Long Term Debt Issuance $717,897,000 $597,111,000 $225,758,000 $40,000,000
Net Business Purchase And Sale $0 $0 $-249,000 $-103,430,000
Purchase Of Business $0 $0 $-249,000 $-103,430,000
Net Intangibles Purchase And Sale $-17,491,000 $-5,197,000 $0 $0
Purchase Of Intangibles $-17,491,000 $-5,197,000 $0 $0
Net PPE Purchase And Sale $25,000 $129,000 $12,000 $19,000
Sale Of PPE $25,000 $129,000 $12,000 $19,000
Change In Working Capital $-49,370,000 $-76,894,000 $-77,574,000 $-44,141,000
Change In Other Working Capital $2,991,000 $-5,067,000 $15,196,000 $218,000
Change In Payables And Accrued Expense $30,218,000 $-3,230,000 $28,519,000 $9,209,000
Change In Accrued Expense $13,259,000 $15,086,000 $16,945,000 $-1,690,000
Change In Payable $16,959,000 $-18,316,000 $11,574,000 $10,899,000
Change In Account Payable $16,959,000 $-18,316,000 $11,574,000 $10,899,000
Change In Prepaid Assets $-3,707,000 $-1,048,000 $-2,367,000 $1,374,000
Change In Inventory $27,080,000 $-16,226,000 $-71,409,000 $-45,955,000
Change In Receivables $-105,952,000 $-51,323,000 $-47,513,000 $-8,987,000
Changes In Account Receivables $-10,041,000 $-9,978,000 $-56,306,000 $-9,737,000
Other Non Cash Items $150,000 $38,000 $50,000 $19,000
Stock Based Compensation $16,729,000 $16,384,000 $13,700,000 $11,812,000
Provisionand Write Offof Assets $146,000 $1,479,000 $2,668,000 $672,000
Deferred Tax $-6,606,000 $-6,527,000 $-13,332,000 $3,669,000
Deferred Income Tax $-6,606,000 $-6,527,000 $-13,332,000 $3,669,000
Depreciation Amortization Depletion $189,000 $324,000 $324,000 $73,000
Depreciation And Amortization $189,000 $324,000 $324,000 $73,000
Depreciation $189,000 $324,000 $324,000 $73,000
Net Income From Continuing Operations $168,559,000 $177,623,000 $100,376,000 $58,758,000
Purchase Of PPE - $0 $-22,000,000 $0
Net Foreign Currency Exchange Gain Loss - $-10,000 $41,000 $-1,000
Net Short Term Debt Issuance - - - $40,000,000
Short Term Debt Issuance - - - $40,000,000
Net Investment Purchase And Sale - - - $0
Sale Of Investment - - - $0
Purchase Of Investment - - - $0
Fetched: 2026-02-02