AAON INC

AAON NASDAQ Basic Materials
$83.65
Apr 1, 2026
Mkt Cap: $8.2B
ROC: 11.8% EY: 1.5%

Business Description

10-K filed: Feb 27, 2025

Item 1. Business. Overview AAON, Inc., a Nevada corporation, (“AAON Nevada”) was incorporated on August 18, 1987. Our operating subsidiaries include AAON, Inc., an Oklahoma corporation (“AAON Oklahoma”), AAON Coil Products, Inc., a Texas corporation (“AAON Coil Products”), and BASX, Inc., an...

Price History

Avg P/E: 24.9 Avg P/FCF: 38.4
1997200220072012201620212026$0.00$29.81$59.63$89.44$119.25$149.06

Income Statement

Metric2016201720182019202020212022202320242025
Revenue384.0M405.2M433.9M469.3M514.6M534.5M888.8M1.2B1.2B1.4B
Cost of Revenue265.9M281.6M330.4M349.9M358.7M396.7M651.2M769.5M803.5M1.1B
Gross Profit118.1M123.7M103.5M119.4M155.8M137.8M237.6M399.0M397.1M385.7M
Operating Expenses38.5M49.4M48.2M52.4M54.0M68.6M110.8M171.5M188.0M239.5M
Operating Income79.6M74.2M55.4M67.0M101.8M69.3M126.8M227.5M209.1M146.2M
Interest Expense000-66.0K-88.0K132.0K2.6M4.8M2.9M17.7M
Pre-Tax Income80.0M74.6M55.5M67.0M102.0M69.2M124.5M223.2M206.6M128.8M
Income Tax26.6M20.8M13.2M13.3M23.0M10.4M24.2M45.5M38.0M21.2M
Net Income53.4M53.8M42.3M53.7M79.0M58.8M100.4M177.6M168.6M107.6M
EPS (Basic)0.670.680.540.691.010.751.262.192.071.32
EPS (Diluted)0.670.670.530.680.990.731.242.132.021.29
Shares Outstanding79.4M78.9M78.4M78.1M78.3M78.6M79.6M81.2M81.5M81.5M
Years 24 - 33 of 33

Balance Sheet

Metric2016201720182019202020212022202320242025
Cash & Equivalents29.7M24.3M2.0M44.4M82.3M3.5M5.9M9.0M6.5M1.2M
Short-term Investments14.1M6.1M27.0K29.0K000000
Accounts Receivable43.0M50.3M54.1M67.4M47.4M70.8M127.2M138.1M147.4M314.4M
Inventory47.4M70.8M77.6M73.6M82.2M130.3M198.9M213.5M187.4M261.2M
Total Current Assets141.0M153.7M140.7M187.5M220.3M218.1M349.1M409.0M488.2M869.2M
Property & Equipment114.9M142.4M163.0M179.8M224.9M275.0M311.9M381.7M525.8M649.3M
Goodwill & Intangibles003.7M3.5M3.3M155.8M146.5M149.9M160.2M165.8M
Total Assets256.5M296.8M308.0M371.4M449.0M650.2M813.9M941.4M1.2B1.7B
Accounts Payable7.1M11.0M10.6M11.8M12.4M29.0M45.5M27.5M44.6M110.4M
Short-term Debt0000000016.0M0
Total Current Liabilities39.0M50.1M47.5M56.0M59.0M86.8M145.6M126.7M174.9M330.9M
Long-term Debt0000040.0M71.0M38.3M138.9M398.3M
Total Liabilities50.6M59.6M58.6M81.3M98.1M184.0M253.2M206.2M350.7M791.5M
Total Equity205.9M237.2M249.4M290.1M350.9M466.2M560.7M735.2M824.6M895.0M
Total Liab. & Equity----------
Years 24 - 33 of 33

Cash Flow Statement

Metric2016201720182019202020212022202320242025
Net Income53.4M53.8M42.3M53.7M79.0M58.8M100.4M177.6M168.6M107.6M
Depreciation & Amort.13.0M15.0M17.7M22.8M25.6M30.4M35.4M46.8M62.9M79.4M
Operating Cash Flow63.9M58.0M54.9M97.9M128.8M61.2M61.3M158.9M192.5M534.0K
Capital Expenditures-26.6M-41.7M-37.3M-37.1M-67.7M-55.3M-76.0M-104.2M-195.6M-190.5M
Acquisitions00-6.4M00-103.4M-249.0K000
Investing Cash Flow-16.9M-31.1M-34.6M-37.0M-61.3M-158.7M-76.2M-109.3M-213.1M-192.4M
Dividends Paid-12.7M-13.7M-16.7M-16.6M-19.8M-19.9M-22.9M-26.4M-26.1M-32.6M
Share Repurchases-17.3M-14.4M-21.9M-7.0M-8.6M272.0K10.4M8.3M-68.2M-22.6M
Debt Issued/Repaid0006.6M040.0M30.9M-26.6M121.0M243.2M
Financing Cash Flow-30.8M-29.6M-39.7M-18.5M-29.6M18.7M17.4M-46.5M18.0M186.6M
Free Cash Flow37.3M16.3M17.6M60.8M61.1M5.8M-14.7M54.7M-3.1M-190.0M
Net Change in Cash16.2M-2.7M-19.5M42.4M37.9M-78.8M2.5M3.1M-2.5M-5.3M
Years 24 - 33 of 33