AAON, Inc.

  • Market Cap: Small Cap
  • Industry: Industrial Manufacturing
  • ISIN: US0003602069
USD
86.84
-4.22 (-4.63%)
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

1.44 M

Shareholding (Mar 2025)

FII

10.53%

Held by 157 FIIs

DII

31.65%

Held by 68 DIIs

Promoter

0.03%

How big is AAON, Inc.?

22-Jun-2025

As of Jun 18, AAON, Inc. has a market capitalization of $5.92 billion, with net sales of $1.26 billion and a net profit of $158.83 million over the latest four quarters. The balance sheet shows shareholder's funds of $824.58 million and total assets of $1.23 billion.

As of Jun 18, AAON, Inc. has a market capitalization of 5,924.27 million, categorizing it as a Mid Cap company.<BR><BR>As of Jun 18, the company reported net sales of 1,260.59 million and a net profit of 158.83 million for the latest four quarters.<BR><BR>As of Dec 24, the balance sheet shows shareholder's funds of 824.58 million and total assets of 1,232.32 million.

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What does AAON, Inc. do?

22-Jun-2025

AAON, Inc. designs, manufactures, and sells air conditioning and heating equipment, operating in the Industrial Manufacturing sector with a market cap of approximately $5.92 billion. As of March 2025, it reported net sales of $322 million and a net profit of $29 million.

Overview: <BR>AAON, Inc. is engaged in the engineering, manufacturing, marketing, and sale of air conditioning and heating equipment, operating within the Industrial Manufacturing industry and classified as a mid-cap company.<BR><BR>Financial Snapshot: <BR>Net Sales: 322 Million (Quarterly Results - Mar 2025) <BR>Net Profit: 29 Million (Quarterly Results - Mar 2025) <BR>Market cap: USD 5,924.27 Million (Mid Cap)<BR><BR>Key Metrics: <BR>P/E: 50.00 <BR>Dividend Yield: 0.33% <BR>Debt Equity: 0.33 <BR>Return on Equity: 19.47% <BR>Price to Book: 7.26<BR><BR>Contact Details: <BR>Address: 2425 S Yukon Ave, TULSA OK: 74107-2728 <BR>Tel: 1 918 5832266 <BR>Website: https://www.aaon.com/

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Who are in the management team of AAON, Inc.?

22-Jun-2025

As of March 2022, the management team of AAON, Inc. includes Executive Chairman Mr. Norman Asbjornson, CEO Mr. Gary Fields, Lead Independent Director Mr. Paul Lackey, and several Independent Directors: Ms. Angela Kouplen, Ms. Caron Lawhorn, Mr. Stephen LeClair, and Mr. A. McElroy.

As of March 2022, the management team of AAON, Inc. includes the following individuals:<BR><BR>- Mr. Norman Asbjornson, who serves as the Executive Chairman of the Board.<BR>- Mr. Gary Fields, who is the President, Chief Executive Officer, and a Director.<BR>- Mr. Paul Lackey, who holds the position of Lead Independent Director.<BR>- Ms. Angela Kouplen, who is an Independent Director.<BR>- Ms. Caron Lawhorn, also an Independent Director.<BR>- Mr. Stephen LeClair, who serves as an Independent Director.<BR>- Mr. A. McElroy, who is another Independent Director.<BR><BR>In summary, the management team consists of a mix of executive and independent directors, with Mr. Gary Fields at the helm as the CEO.

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Should I buy, sell or hold AAON, Inc.?

22-Jun-2025

Is AAON, Inc. overvalued or undervalued?

20-Sep-2025

As of July 30, 2025, AAON, Inc. is considered very expensive with a P/E ratio of 50 and significantly higher valuation ratios compared to peers, indicating potential overvaluation despite strong returns on equity and capital, especially as its stock has declined by 8.55% over the past year while the S&P 500 has gained 17.14%.

As of 30 July 2025, the valuation grade for AAON, Inc. has moved from expensive to very expensive, indicating a significant increase in perceived overvaluation. The company is currently considered overvalued, with a P/E ratio of 50, an EV to EBITDA of 30.62, and a Price to Book Value of 9.64, all of which are substantially higher than its peers. For instance, Woodward, Inc. has a P/E of 42.20 and ITT, Inc. has a P/E of 26.26, highlighting AAON's relative overvaluation.<BR><BR>Despite its strong ROE of 19.47% and ROCE of 18.18%, the high valuation ratios suggest that the market may be pricing in excessive growth expectations. Over the past year, AAON's stock has declined by 8.55%, while the S&P 500 has returned 17.14%, reinforcing the notion that the stock may be overvalued given its underperformance relative to the broader market.

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Is AAON, Inc. technically bullish or bearish?

07-Oct-2025

As of October 3, 2025, AAON, Inc. shows a neutral technical trend with mixed indicators, having outperformed the S&P 500 recently but underperformed year-to-date, suggesting a cautious investment approach.

As of 3 October 2025, the technical trend for AAON, Inc. has changed from mildly bearish to sideways. The current technical stance is neutral, with mixed indicators. The weekly MACD is mildly bullish, while the monthly MACD is mildly bearish. The weekly RSI is bearish, and the daily moving averages are mildly bearish. However, Bollinger Bands and Dow Theory indicate bullishness on both weekly and monthly time frames. <BR><BR>In terms of performance, AAON has outperformed the S&P 500 over the past week and month, with returns of 13.50% and 27.97%, respectively, compared to the S&P 500's 1.09% and 4.15%. However, it has underperformed on a year-to-date and one-year basis. Overall, the mixed signals suggest a cautious approach.

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iScoreScore
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Strong Sell
Sell
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Strong Buy

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Dashboard
1

With a fall in Net Sales of -3.26%, the company declared Very Negative results in Jun 25

  • The company has declared negative results for the last 2 consecutive quarters
  • INTEREST COVERAGE RATIO(Q) Lowest at 1,086.61
  • OPERATING CASH FLOW(Y) Lowest at USD 31.95 MM
  • ROCE(HY) Lowest at 15.52%
2

With ROE of 19.47%, it has a very expensive valuation with a 9.64 Price to Book Value

3

Underperformed the market in the last 1 year

stock-summaryMojo Parameters
Mojo Parameters
Stock DNA
stock-summary
Industry

Industrial Manufacturing

stock-summary
Market cap

USD 6,594 Million (Small Cap)

stock-summary
P/E

50.00

stock-summary
Industry P/E

NA

stock-summary
Dividend Yield

0.31%

stock-summary
Debt Equity

0.40

stock-summary
Return on Equity

14.66%

stock-summary
Price to Book

7.92

Revenue and Profits:
Net Sales:
312 Million
(Quarterly Results - Jun 2025)
Net Profit:
15 Million
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
8.22%
0%
8.22%
6 Months
-9.12%
0%
-9.12%
1 Year
-34.78%
0%
-34.78%
2 Years
38.89%
0%
38.89%
3 Years
7.96%
0%
7.96%
4 Years
9.21%
0%
9.21%
5 Years
40.07%
0%
40.07%

AAON, Inc. for the last several years.

Risk Adjusted Returns v/s stock-summary
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
20.32%
EBIT Growth (5y)
12.35%
EBIT to Interest (avg)
59.15
Debt to EBITDA (avg)
0.43
Net Debt to Equity (avg)
0.33
Sales to Capital Employed (avg)
1.34
Tax Ratio
17.39%
Dividend Payout Ratio
20.84%
Pledged Shares
0
Institutional Holding
83.85%
ROCE (avg)
22.63%
ROE (avg)
18.85%
Valuation key factors
Factor
Value
P/E Ratio
50
Industry P/E
Price to Book Value
9.64
EV to EBIT
41.25
EV to EBITDA
30.62
EV to Capital Employed
7.50
EV to Sales
6.45
PEG Ratio
NA
Dividend Yield
0.30%
ROCE (Latest)
18.18%
ROE (Latest)
19.47%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bullish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bearish
Moving Averages
Mildly Bullish (Daily)
KST
Bullish
Mildly Bearish
Dow Theory
No Trend
Mildly Bullish
OBV
Mildly Bearish
Mildly Bullish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Mar 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Domestic Funds

Domestic Funds

Held in 121 Schemes (57.74%)

Foreign Institutions

Held by 157 Foreign Institutions (10.53%)

Strategic Entities with highest holding

Highest Public shareholder

stock-summaryFinancial
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    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Jun'25 - QoQ",
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        "suffix": "QoQ Growth in quarter ended Jun 2025 is -3.26% vs 8.20% in Mar 2025",
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        "prefix": "Consolidated Net Profit ",
        "suffix": "QoQ Growth in quarter ended Jun 2025 is -47.10% vs 18.62% in Mar 2025",
        "dir": -1
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      "header": [
        "Jun'25",
        "Mar'25",
        "Change(%)"
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          "field": "Net Sales",
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          "val2": "322.10",
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          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "43.60",
          "val2": "54.00",
          "chgp": "-19.26%",
          "chgp_class": "negative"
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          "field": "Interest",
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          "val2": "2.80",
          "chgp": "42.86%",
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          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
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        {
          "field": "Consolidate Net Profit",
          "val1": "15.50",
          "val2": "29.30",
          "chgp": "-47.10%",
          "chgp_class": "negative"
        },
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Quarterly Results Snapshot (Consolidated) - Jun'25 - QoQstock-summary
Jun'25
Mar'25
Change(%)
Net Sales
311.60
322.10
-3.26%
Operating Profit (PBDIT) excl Other Income
43.60
54.00
-19.26%
Interest
4.00
2.80
42.86%
Exceptional Items
0.00
0.00
Consolidate Net Profit
15.50
29.30
-47.10%
Operating Profit Margin (Excl OI)
75.70%
108.90%
-3.32%
USD in Million.
Direction Arrows
Net Sales

QoQ Growth in quarter ended Jun 2025 is -3.26% vs 8.20% in Mar 2025

Direction Arrows
Consolidated Net Profit

QoQ Growth in quarter ended Jun 2025 is -47.10% vs 18.62% in Mar 2025

Annual Results Snapshot (Consolidated) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
1,200.60
1,168.50
2.75%
Operating Profit (PBDIT) excl Other Income
272.00
274.30
-0.84%
Interest
2.90
4.80
-39.58%
Exceptional Items
0.00
0.00
Consolidate Net Profit
168.60
177.60
-5.07%
Operating Profit Margin (Excl OI)
174.20%
194.70%
-2.05%
USD in Million.
Direction Arrows
Net Sales

YoY Growth in year ended Dec 2024 is 2.75% vs 31.47% in Dec 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Dec 2024 is -5.07% vs 76.89% in Dec 2023

stock-summaryCompany CV
About AAON, Inc. stock-summary
stock-summary
AAON, Inc.
Industrial Manufacturing
AAON, Inc. is engaged in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment consisting of standard, semi-custom and custom rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps and coils. Its products serve the commercial and industrial new construction and replacement markets. Its rooftop and condensing unit markets consist of units installed on commercial or industrial structures of less than 10 stories in height. Its air handling units, self-contained units, geothermal/water-source heat pumps, chillers, packaged outdoor mechanical rooms and coils are applicable to all sizes of commercial and industrial buildings. The replacement market consists of products installed to replace existing units/components that are worn or damaged.
Company Coordinates stock-summary
Company Details
2425 S Yukon Ave , TULSA OK : 74107-2728
stock-summary
Tel: 1 918 5832266
stock-summary
Registrar Details