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NASDAQ · Building Products & Equipment · USD

AAON, Inc. (AAON) Stock Analysis

AAON, Inc. (AAON) is a Building Products & Equipment stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

AAON

$75.23

+$1.31 (+1.77%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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AAON Key Statistics

As of Oct 21, 2026
Trading
Open
$75.41
Previous Close
$73.92
Day's Range
73.00–75.71
52-Week Range
71.91–150.46
Volume
892.46K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.41
Valuation
Market Cap
$6.20B
P/E Ratio
39.59
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
21.08
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
0.85
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
3.21
EPS (ttm)Profit attributable to each share over the last twelve months.
1.90
Financials (FY)
Revenue (FY)
$1.44B+20.11%
Net Income (FY)
$107.59M−36.17%
Profit marginThe share of revenue left as profit after all costs and taxes.
8.24%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
82.45M
1-Year Return
−26.23%
Dividend and dates
Dividend
$0.40+0.54%
Ex-Dividend Date
September 4, 2026
Earnings Date
November 5, 2026estimated
Avg Volume
1.15M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, AAON closed at $75.23, −26.23% over 1 year.

AAON, Inc. (AAON) has a market capitalization of $6.20B.

In fiscal 2025, AAON reported revenue of $1.44B.

AAON Stock Return by Calendar Year

AAON, Inc. (AAON) 10-year return: what $10,000 became

1 year
$10,000 $7,377
−26.23%
5 years
$10,000 $16,456
+64.56%
10 years
$10,000 $40,563
+305.63%

If you had invested $10,000 in AAON, Inc. (AAON) 10 years ago, at the close on October 21, 2016, it would have been worth $40,563 at the close on October 21, 2026: +305.63% in total, +15.03% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−1.14%
2025−34.91%
2024+59.88%
2023+47.86%
2022−4.55%
2021+19.84%
2020+35.71%
2019+41.88%
2018−3.59%
2017+11.84%
2016 (partial year)+21.76%

As of October 21, 2026.

AAON Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$1.44B$107.59M7.5%
2024$1.20B$168.56M14.0%
2023$1.17B$177.62M15.2%
2022$888.79M$100.38M11.3%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$1.44B$385.72M$152.35M$107.59M7.5%
2024$1.20B$397.11M$209.10M$168.56M14.0%
2023$1.17B$399.02M$227.48M$177.62M15.2%
2022$888.79M$237.57M$126.75M$100.38M11.3%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

AAON Dividend History

$0.40+25.0% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$0.303—
2025$0.404+25.0%
2024$0.324+0.0%
2023$0.324+11.6%
YearDividends per sharePaymentsChange
2026 (partial year)$0.303—
2025$0.404+25.0%
2024$0.324+0.0%
2023$0.324+11.6%
2022$0.292+13.2%
2021$0.252+0.0%
2020$0.252+18.7%
2019$0.212+0.0%
2018$0.212+23.1%
2017$0.172+100.0%
2016$0.091—

Most recent payment: $0.10 per share, ex-dividend September 4, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

AAON Valuation vs Building Products & Equipment Median

Median of 38 stocks
MetricAAONBuilding Products & Equipment medianvs median
P/E39.5924.1164% above
P/S ratio3.211.9366% above
Profit margin8.24%4.94%3.3 pts above

Medians across 38 Building Products & Equipment stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values AAON, Inc. (AAON) at $6.20B. It is classified in the Building Products & Equipment industry, within the Industrials sector. Headcount on file is 5,897.

AAON last closed at $75.23 on October 21, 2026. That is +$1.31 (+1.77%) against the previous close. Over the past 52 weeks the price has ranged from $71.91 to $150.46. The latest close sits 4.62% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $1.44B. That is +20.11% against the prior fiscal year, when revenue was $1.20B. The same year closed with net income of $107.59M. That is −36.17% against the prior fiscal year. Profit margin runs at 8.24%. That is 3.3 percentage points above the Building Products & Equipment median of 4.94%. Earnings per share on a trailing basis come to 1.9.

Across the 4 fiscal years on file, revenue moves from $888.79M in 2022 to $1.44B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

AAON trades at a trailing price-to-earnings ratio of 39.59. That is 64.21% above the Building Products & Equipment median of 24.11. The forward P/E on file is 21.08. The PEG ratio, which sets the P/E against expected earnings growth, reads 0.85. The price-to-sales ratio is 3.21. On price-to-sales that is 66.37% above the Building Products & Equipment median of 1.93. 38 Building Products & Equipment companies report these metrics, and the medians quoted come from that group.

The trailing one-year total return is −26.23%. Measured over 10 years, that is +15.03% a year compounded. Beta against the wider market is reported at 1.41. Daily returns over the trailing 10 years annualize to a volatility of 41.48%.

Growth & Income

Shareholders receive a dividend, yielding 0.54% on the latest price. That is 1 percentage points below the Building Products & Equipment median yield of 1.57%. The indicated annual rate is $0.40 a share. The ex-dividend date on file is September 4, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling $0.30 a share. The year before, 2025, totalled $0.40 a share.

The strongest complete calendar year on file is 2024 at +59.88%; the weakest is 2025 at −34.91%. Of the 9 complete calendar years on file, 6 finished higher. So far in 2026 the total return is −1.14%.

Peer Comparison

AAON, Inc. (AAON) operates in the Building Products & Equipment industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
AAON, Inc. AAON $6.20B 39.6
Trane Technologies plc TT $103.72B 35.1
Johnson Controls International plc JCI $91.48B 42.7
Carrier Global Corporation CARR $45.34B 39.9

The Building Products & Equipment industry average P/E ratio is 24.1x. AAON, Inc. trades at a P/E of 39.6.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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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, 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.

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