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Industrials - Construction - NASDAQ - US
$ 72.09
0.432 %
$ 5.87 B
Market Cap
37.74
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one AAON stock under the worst case scenario is HIDDEN Compared to the current market price of 72.1 USD, AAON, Inc. is HIDDEN

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one AAON stock under the base case scenario is HIDDEN Compared to the current market price of 72.1 USD, AAON, Inc. is HIDDEN

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one AAON stock under the best case scenario is HIDDEN Compared to the current market price of 72.1 USD, AAON, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart AAON

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$140.0$140.0$130.0$130.0$120.0$120.0$110.0$110.0$100.0$100.0$90.0$90.0$80.0$80.0$70.0$70.0Jan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 Jun
FINANCIALS
1.2 B REVENUE
2.75%
209 M OPERATING INCOME
-8.08%
169 M NET INCOME
-5.10%
193 M OPERATING CASH FLOW
21.17%
-213 M INVESTING CASH FLOW
-94.93%
18 M FINANCING CASH FLOW
138.77%
322 M REVENUE
8.17%
35.1 M OPERATING INCOME
19.31%
29.3 M NET INCOME
18.64%
-9.21 M OPERATING CASH FLOW
44.84%
-50.4 M INVESTING CASH FLOW
49.27%
55.5 M FINANCING CASH FLOW
-43.59%
Balance Sheet AAON, Inc.
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Current Assets 488 M
Cash & Short-Term Investments 14 K
Receivables 287 M
Other Current Assets 201 M
Non-Current Assets 687 M
Long-Term Investments 0
PP&E 526 M
Other Non-Current Assets 161 M
24.42 %17.12 %44.74 %13.72 %Total Assets$1.2b
Current Liabilities 175 M
Accounts Payable 44.6 M
Short-Term Debt 18.5 M
Other Current Liabilities 112 M
Non-Current Liabilities 176 M
Long-Term Debt 0
Other Non-Current Liabilities 176 M
12.73 %5.27 %31.88 %50.12 %Total Liabilities$350.7m
EFFICIENCY
Earnings Waterfall AAON, Inc.
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Revenue 1.2 B
Cost Of Revenue 804 M
Gross Profit 397 M
Operating Expenses 188 M
Operating Income 209 M
Other Expenses 40.6 M
Net Income 169 M
1b1b1b1b1b1b800m800m600m600m400m400m200m200m001b(804m)397m(188m)209m(41m)169mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
33.07% GROSS MARGIN
33.07%
17.42% OPERATING MARGIN
17.42%
14.04% NET MARGIN
14.04%
20.44% ROE
20.44%
14.34% ROA
14.34%
16.75% ROIC
16.75%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis AAON, Inc.
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70m70m60m60m50m50m40m40m30m30m20m20m10m10m00(10m)(10m)(20m)(20m)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 169 M
Depreciation & Amortization 189 K
Capital Expenditures -196 M
Stock-Based Compensation 16.7 M
Change in Working Capital -49.4 M
Others -20.3 M
Free Cash Flow -3.13 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets AAON, Inc.
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Wall Street analysts predict an average 1-year price target for AAON of $112 , with forecasts ranging from a low of $70 to a high of $130 .
AAON Lowest Price Target Wall Street Target
70 USD -2.90%
AAON Average Price Target Wall Street Target
112 USD 54.81%
AAON Highest Price Target Wall Street Target
130 USD 80.33%
Price
Max Price Target
Min Price Target
Average Price Target
150150140140130130120120110110100100909080807070Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26Jul '26Jul '26
4. DIVIDEND ANALYSIS
0.13% DIVIDEND YIELD
0.1 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
0.350000000.350000000.300000000.300000000.250000000.250000000.200000000.200000000.150000000.150000000.100000000.100000000.050000000.050000000.000000000.000000000.080000040.080.10.0733330.0733330.086666670.106670.106670.126670.126670.126670.080000040.080.10.080.080.0733330.310.0866670.320.086666710.270.106670.210.106670.210.126670.250.126670.250.160.290.080.160.080.160.102015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 13
6. Ownership
Insider Ownership AAON, Inc.
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Sold
0-3 MONTHS
9.88 M USD 2
3-6 MONTHS
0 USD 0
6-9 MONTHS
10.6 M USD 6
9-12 MONTHS
5.44 M USD 3
Bought
0 USD 0
0-3 MONTHS
80.9 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
AAON Increases Board Size, Appoints CEO Matt Tobolski as Director, and Announces Quarterly Cash Dividend TULSA, Okla. , May 16, 2025 /PRNewswire/ -- AAON, Inc. (NASDAQ: AAON) ("AAON" or the "Company"), a leading provider of high-performance, energy-efficient HVAC solutions, today announced today that its Board of Directors has increased the size of the Board from eight to nine members and appointed Matt J. prnewswire.com - 1 month ago
AAON, Inc.: Strong Data Center Demand Masking Some Concerns AAON, Inc. has experienced a significant recent stock run due to strong Q1 results, driven by surging data center demand. However, that demand is masking some other concerns such as falling margins, insider selling, and quite stretched valuations in the stock. An analysis around AAON, Inc. stock follows in the paragraphs below. seekingalpha.com - 1 month ago
AAON: The AI Gold Rush Drives Revenue Growth AAON's HVAC equipment for data centers grew revenues by 375% YoY during Q1, with backlog increasing by 122%. AAON keeps expanding its manufacturing facilities to meet the demand for its products. Capital expenditures are expected to be around $220M in 2025, mainly allocated towards the new Memphis facility. seekingalpha.com - 1 month ago
AAON, Inc. (AAON) Q1 2025 Earnings Call Transcript AAON, Inc. (NASDAQ:AAON ) Q1 2025 Earnings Conference Call May 1, 2025 9:00 AM ET Company Participants Joe Mondillo - Director, Investor Relations Gary Fields - Chief Executive Officer Rebecca Thompson - Chief Financial Officer & Treasurer Matt Tobolski - President & Chief Operating Officer Conference Call Participants Julio Romero - Sidoti Ryan Merkel - William Blair Chris Moore - CJS Securities Brent Thielman - Davidson Tim Wojs - Baird Operator Good morning, ladies and gentlemen, and welcome to the AAON, Incorporated's First Quarter 2025 Earnings Release Conference Call. At this time, all lines are in listen-only mode. seekingalpha.com - 1 month ago
AAON Reports Sales & Earnings for the First Quarter of 2025 TULSA, Okla. , April 30, 2025 /PRNewswire/ -- AAON, INC. prnewswire.com - 1 month ago
Earnings Preview: Aaon (AAON) Q1 Earnings Expected to Decline Aaon (AAON) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. zacks.com - 2 months ago
AAON Pushes Boundaries with Next-Generation Alpha Class Heat Pump Technology, Powered by Copeland Innovation TULSA, Okla. , April 24, 2025 /PRNewswire/ -- AAON, Inc. (NASDAQ: AAON) ("AAON" or the "Company"), a leader in high-performance and energy-efficient HVAC solutions, announces significant advancements to its groundbreaking Alpha Class line of commercial air-source heat pumps, introducing three distinct performance tiers that redefine industry capabilities. prnewswire.com - 2 months ago
AAON Announces First Quarter 2025 Conference Call And Webcast TULSA, Okla. , April 22, 2025 /PRNewswire/ -- AAON, Inc. (NASDAQ:  AAON) ("AAON" or the "Company"), a leader in high-performing, energy-efficient HVAC solutions that brings long-term value to customers and owners, announces that it has scheduled its quarterly conference call and webcast for Thursday, May 1, 2025, at 9:00 a.m. prnewswire.com - 2 months ago
AAON To Host Investor Day Event on June 10, 2025 TULSA, Okla. , April 22, 2025 /PRNewswire/ -- AAON, Inc. (NASDAQ:  AAON) ("AAON" or the "Company"), a leading producer of premium HVAC solutions, today announces that it will host an Investor Day Event on June 10 th in New York, NY at NASDAQ MarketSite located at 151 West 43rd Street. prnewswire.com - 2 months ago
AAON Presenting at Sidoti Spring 2025 Small-Cap Conference TULSA, Okla. , March 17, 2025 /PRNewswire/ -- AAON, Inc. (NASDAQ: AAON) today announced that Gary Fields, CEO, Rebecca Thompson, CFO and Treasurer, Matt Tobolski, President and COO, and Joseph Mondillo, Director of Investor Relations and Corporate Strategy will present at the Sidoti Spring 2025 Small-Cap Conference on March 20, 2025. prnewswire.com - 3 months ago
AAON Doubles Down: Dividend Raise & Share Buyback Plan AAON, Inc. NASDAQ: AAON, a Tulsa-based HVAC manufacturer, recently announced a 25% increase in its quarterly dividend and a new $30 million share repurchase program. These strategic financial decisions come at a time of market uncertainty and appear designed to enhance shareholder value. marketbeat.com - 3 months ago
AAON Increases Quarterly Cash Dividend TULSA, Okla. , March 5, 2025 /PRNewswire/ -- AAON, Inc. (NASDAQ:  AAON) ("AAON" or the "Company"), today announced that its Board of Directors has declared the Company's next regular quarterly cash dividend of $0.10 per share (or $0.40 annually), an increase of 25%. prnewswire.com - 3 months ago
8. Profile Summary

AAON, Inc. AAON

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COUNTRY US
INDUSTRY Construction
MARKET CAP $ 5.87 B
Dividend Yield 0.13%
Description 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. The company was incorporated in 1987 and is based in Tulsa, Oklahoma.
Contact 2425 South Yukon Avenue, Tulsa, OK, 74107 https://www.aaon.com
IPO Date Dec. 16, 1992
Employees 4812
Officers Mr. Matthew J. Tobolski Ph.D., SE President, Chief Executive Officer & Director Mr. Matthew Shaub Executive Vice President & GM of the BASX Products Business Unit Mr. David E. Benson Vice President & President of BASX Mr. Christopher Douglas Eason Principal Accounting Officer Ms. Rebecca A. Thompson CPA Vice President of Finance, Chief Financial Officer & Treasurer Mr. Norman H. Asbjornson Founder & Director Mr. Stephen E. Wakefield Executive Vice President & GM of AAON Products Business Unit Andrew Edmondson Executive Director of Sales & Marketing Mr. Casey R. Kidwell Chief Administration Officer Mr. Joseph Logan Mondillo C.F.A. Director of Investor Relations