AAON
Aaon, Inc. Industrials Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip Russell 3000
$67.40Close
$5.5BMarket cap
$67.40 – $147.9652-week range
Nov 5, 2026Next report
Highlights
Strengths
- Earnings growing EPS +263% year on year, faster than the quarter before (+226 pts)
Cautions
- Not in an uptrend 1 of 8 trend conditions
- Lagging the market RS 9 · weaker than 91% of stocks over 12 months
- Far from its high 54% below its 52-week high
- Results soon Nov 5, 2026, in 4 days
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
54%
1wk
down 2.1%
price change
1mo
down 18.6%
price change
12-month return
down 33%
market up 11% ·
its own down 45%
F-score
3 / 9
Weak
Altman Z
6.39
Low risk
P/E
51.2×
price / earnings
PEG
—
P/E / EPS growth
P/B
6.2×
price / book
Earnings yield
up 2.7%
EBIT / enterprise value
Cheaper than
31%
of the market · expensive
Revenue growth
up 20%
year on year
EPS growth
up 263%
latest quarter · +226 pts
Sales growth
up 101%
latest quarter · +47 pts
ROE
up 13%
return on equity
Free cash margin
0%
$534,000 FCF
D/E
—
long-term debt / equity
Net debt / EBITDA
-0.0×
net cash
Interest cover
8.3×EBIT / interest
Piotroski tests
- profitability slipped from last year
- profits not fully backed by cash
- short-term liquidity weakened
- issued more shares
- gross margin narrowed
- assets working less efficiently
- profitable on its assets
- generating cash from operations
- reduced long-term debt
Trade setup
ATR%
6.8%
$4.56 a day · 2×ATR $58.27
RS
9 / 99
vs the universe
Trend
1 / 8
trend template
Relative volume
1.7×
vs 50-day average
Up/down volume
0.80
50 sessions
Implied move
—
no option chain · report Nov 5, 2026
Trend template · 1 of 8
- 150-day average above the 200-day: passes
Screen verdict
Did not qualify for any screen.
Warning signs
- Profit not backed by cash Reported profit of $107.6M came with $534,000 of operating cash flow. Profit that cash does not follow is the classic signature of aggressive accounting.
- Gross margin narrowing Gross margin fell from 33.1% to 26.7%. The company is keeping less of each dollar of sales than it did a year ago.
Last reported
Aug 10, 2026
Results reaction
Aug 10, 2026-9% vs market2 sessions after results
Financials
- Gross 27%
- Net 7%
- Free cash 0%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $514.6M | $534.5M | $888.8M | $1.2B | $1.2B | $1.4B |
| Gross margin | 30% | 26% | 27% | 34% | 33% | 27% |
| Operating income | $101.8M | $69.3M | $126.8M | $227.5M | $209.1M | $146.2M |
| Net income | $79.0M | $58.8M | $100.4M | $177.6M | $168.6M | $107.6M |
| Net margin | 15% | 11% | 11% | 15% | 14% | 7% |
| Earnings per share | $0.99 | $0.73 | $1.24 | $2.13 | $2.02 | $1.29 |
| Free cash flow | $61.0M | $5.8M | $7.3M | $158.9M | $192.5M | $534,000 |
| Free cash margin | 12% | 1% | 1% | 14% | 16% | 0% |
| Cash | $79.0M | $2.9M | $5.5M | $287,000 | $14,000 | $13,000 |
| Shareholders' equity | $350.9M | $466.2M | $560.7M | $735.2M | $824.6M | $895.0M |
| Shares outstanding | 78.34m | 78.79m | 80.14m | 81.51m | 81.44m | 81.69m |
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Aug 10, 2026 | Quarterly ↗ | Jun 30, 2026 | 41d |
| May 7, 2026 | Quarterly ↗ | Mar 31, 2026 | 37d |
| Mar 2, 2026 | Annual ↗ | Dec 31, 2025 | 61d |
| Nov 6, 2025 | Quarterly ↗ | Sep 30, 2025 | 37d |
| Aug 11, 2025 | Quarterly ↗ | Jun 30, 2025 | 42d |
| May 1, 2025 | Quarterly ↗ | Mar 31, 2025 | 31d |
| Feb 27, 2025 | Annual ↗ | Dec 31, 2024 | 58d |
| Nov 7, 2024 | Quarterly ↗ | Sep 30, 2024 | 38d |
| Aug 1, 2024 | Quarterly ↗ | Jun 30, 2024 | 32d |
| May 2, 2024 | Quarterly ↗ | Mar 31, 2024 | 32d |
| Feb 28, 2024 | Annual ↗ | Dec 31, 2023 | 59d |
| Nov 6, 2023 | Quarterly ↗ | Sep 30, 2023 | 37d |
Current reports
| Filed | Disclosed |
|---|---|
| Aug 28, 2026 | Regulation FD · Other events ↗ |
| Aug 13, 2026 | Other events ↗ |
| Aug 10, 2026 | Results · Regulation FD ↗ |
| Jul 30, 2026 | Director or officer change · Charter or bylaws ↗ |
| Jun 8, 2026 | Regulation FD ↗ |
| May 18, 2026 | Shareholder vote · Other events ↗ |
| May 7, 2026 | Results · Regulation FD · Other events ↗ |
| Apr 2, 2026 | Director or officer change ↗ |
| Mar 5, 2026 | Other events ↗ |
| Mar 2, 2026 | Results · Regulation FD · Other events ↗ |
| Dec 29, 2025 | Material agreement · New obligation ↗ |
| Dec 1, 2025 | Director or officer change ↗ |