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AAON Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

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High
140.820
Open
132.500
VWAP
136.59
Vol
1.94M
Mkt Cap
11.44B
Low
129.300
Amount
264.61M
EV/EBITDA(TTM)
47.64
Total Shares
81.91M
EV
11.88B
EV/OCF(TTM)
271.62
P/S(TTM)
7.17
AAON, Inc. provides HVAC solutions for commercial and industrial indoor environments. Its segments include AAON Oklahoma, AAON Coil Products, and BASX. The AAON Oklahoma segment engineers, manufactures, and sells configurable HVAC systems, designs and manufactures controls solutions, and sells aftermarket parts to customers through retail part stores and online. The AAON Coil Products segment engineers and manufactures and sells semi-custom and custom HVAC systems and heating and cooling coils for use in HVAC systems, primarily for AAON Oklahoma, AAON Coil Products, and BASX. BASX segment engineers, manufactures, and sells a range of custom, high-performance cooling solutions for the hyperscale data center market; ventilation solutions for cleanroom environments in the biopharmaceutical, semiconductor, medical, and agricultural sectors; and highly customized air handlers and modular solutions for a variety of markets. BASX operates from its manufacturing facilities in Redmond, Oregon.
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Events Timeline

(ET)
2026-05-07
12:10:00
Aaon Stock Rises 37.3% to $134.93
select
2026-05-07
10:10:00
Aaon Stock Rises 40.6% to $138.21
select
2026-05-07
07:40:00
FY25 Revenue at $1.44B, FY26 Revenue Consensus at $1.72B
select
2026-05-07
07:40:00
Company Reports Q1 Revenue of $496.9M, Beating Expectations
select
2026-04-02 (ET)
2026-04-02
08:10:00
Andy Cheung to Join Aaon as CFO on April 20
select
2026-03-02 (ET)
2026-03-02
07:11:00
AAON Reports Q4 Revenue of $424.2M, Beating Expectations
select
2026-03-02
07:11:00
AAON Expects FY26 Sales Growth of 18%-20%
select

News

Fool
9.5
05-08Fool
PinnedAAON Shares Surge 45% After Record Q1 Earnings Beat Expectations
  • Significant Earnings Growth: AAON's Q1 sales and earnings per share surged by 54% and 37%, respectively, far exceeding analyst expectations, indicating robust market demand and execution, which is likely to drive further stock price increases.
  • Revenue Outlook Raised: The company has raised its 2026 revenue growth outlook to between 40% and 45%, reflecting optimistic expectations for future markets, while core AAON-branded sales grew by 42%, enhancing competitive positioning.
  • Strong BASX Unit Performance: The BASX division reported a 72% sales increase to $135 million, with backlog growing by 160% to $2.1 billion, indicating strong demand from data centers and further solidifying AAON's industry position.
  • Acquisition Success: The $200 million acquisition of BASX is now a key growth driver for AAON, as the surge in AI computing demand makes its customizable HVAC solutions indispensable in the market.
Fool
9.5
05-07Fool
AAON Shares Surge 51.6% on Stellar Earnings Report
  • Earnings Beat Expectations: AAON reported quarterly revenue of $497 million, significantly exceeding the market expectation of $381 million, reflecting a robust 54% year-over-year growth that solidifies its position in the industrial HVAC sector.
  • Significant Profit Growth: The diluted earnings per share reached $0.48, surpassing the analyst expectation of $0.45, with a 37% year-over-year increase, indicating successful cost control and operational efficiency.
  • Record Backlog: AAON's backlog of unfilled orders has surged to $2.1 billion, more than double last year's figure, primarily driven by data center contracts, providing strong support for future revenue growth.
  • Manufacturing Capacity Expansion: Despite a dip in gross margins, AAON is actively expanding its manufacturing capacity to meet the rising demand for specialized cooling solutions in data centers, with the Basics segment expected to generate around $1 billion in revenue by 2026, reflecting the company's confidence in future growth.
CNBC
2.0
05-07CNBC
Midday Stock Movements of Major Companies
  • Planet Fitness Earnings Downgrade: Planet Fitness shares fell nearly 33% after the gym operator lowered its full-year earnings outlook, now projecting only a 4% year-over-year growth, down from a previous forecast of 9%-10%, which negatively impacts market confidence.
  • Vital Farms Surprise Loss: Vital Farms, the egg producer, dropped 20% following a surprise loss of 3 cents per share in Q1, against analyst expectations of a 6-cent profit, and the company also cut its full-year earnings outlook, indicating increasing industry pressures.
  • Datadog Exceeds Expectations: Datadog shares surged 28% after reporting Q1 earnings of 61 cents per share, surpassing the 51-cent consensus, with Q2 revenue guidance between $1.07 billion and $1.08 billion, reflecting strong market demand.
  • AAON Revenue Surge: AAON, the air conditioning and heating equipment manufacturer, saw its shares soar 40% after Q1 earnings, EBITDA, and revenue all exceeded Wall Street estimates, raising its full-year revenue guidance by as much as 45%, showcasing robust growth potential.
seekingalpha
9.5
05-07seekingalpha
AAON Reports Q1 Results Exceeding Expectations, Shares Surge 42%
  • Strong Earnings Beat: AAON reported Q1 revenue of $496.9 million, significantly surpassing the consensus estimate of $383.6 million, reflecting robust sales driven by surging demand for data center cooling systems, resulting in a 42% premarket share price increase.
  • Profitability Gains: Adjusted earnings per share reached $0.48, exceeding expectations of $0.29, while net income rose 36% year-over-year to $39.8 million, indicating substantial earnings growth in a high-demand environment, which boosts investor confidence.
  • BASX Brand Surge: Sales for the BASX brand jumped over 70% year-over-year to $228.6 million, driven by increased production volumes and higher utilization of new capacity, further solidifying AAON's leadership in the data center cooling equipment market.
  • Optimistic Future Outlook: The company anticipates revenue growth of 40% to 45% for 2026, with gross margins improving to 27% to 28%, demonstrating confidence in enhanced profitability as demand for cooling systems continues to rise, particularly fueled by AI infrastructure investments.
seekingalpha
5.0
04-02seekingalpha
AAON Appoints Andy Cheung as New CFO
  • Executive Transition: Andy Cheung will join AAON as Executive VP and CFO on April 20, 2026, bringing prior experience as CFO of Commercial Vehicle Group, which is expected to introduce new financial strategies and management expertise to the company.
  • Leadership Handover: Current CFO Rebecca Thompson will transition to Chief Accounting Officer, ensuring continuity in financial management while supporting the company's future financial planning and enhancing overall team efficiency.
  • Sales Growth Targets: AAON aims for 18% to 20% sales growth in 2026, with projected gross margins of up to 31%, indicating strong confidence in market demand and a strategic focus on improving profitability.
  • Backlog Situation: AAON's BASX backlog has reached $1.3 billion, reflecting robust market demand and potential future revenue, providing a solid foundation for the company's growth.
Yahoo Finance
5.0
04-02Yahoo Finance
AAON Appoints Andy Cheung as CFO
  • Executive Appointment: AAON announced the appointment of Andy Cheung as Executive Vice President and Chief Financial Officer, aiming to enhance the company's financial management and strategic planning capabilities to support future business growth.
  • Financial Leadership Boost: Cheung brings extensive financial management experience from various reputable companies, which is expected to provide AAON with new perspectives and expertise, thereby optimizing the financial decision-making process.
  • Strategic Development Focus: This appointment reflects AAON's commitment to improving financial transparency and boosting investor confidence, aiming to drive long-term sustainable growth through more effective financial management.
  • Market Reaction Anticipation: The market generally views this appointment positively, believing that Cheung's addition will help AAON further solidify its market position in the highly competitive HVAC industry.
Wall Street analysts forecast AAON stock price to rise
5 Analyst Rating
Wall Street analysts forecast AAON stock price to rise
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
115.00
Averages
119.00
High
125.00
Current: 0.000
sliders
Low
115.00
Averages
119.00
High
125.00
Oppenheimer
Oppenheimer
Outperform
maintain
$118 -> $145
AI Analysis
2026-05-08
New
Reason
Oppenheimer
Oppenheimer
Price Target
$118 -> $145
AI Analysis
2026-05-08
New
maintain
Outperform
Reason
Oppenheimer raised the firm's price target on Aaon to $145 from $118 and keeps an Outperform rating on the shares. The firm notes shares traded up after Aaon soundly beat Q1 top/bottom line consensus and raised FY26 guidance, with revised sales/gross profit midpoints well above Street estimates. Oppenheimer raised FY26-27 estimates to reflect stronger growth trajectory, and anticipates sequential progress over our investment horizon on clearly identified levers for margin expansion.
Baird
Outperform
maintain
$125 -> $150
2026-05-08
New
Reason
Baird
Price Target
$125 -> $150
2026-05-08
New
maintain
Outperform
Reason
Baird raised the firm's price target on Aaon to $150 from $125 and keeps an Outperform rating on the shares. The firm updated its model following Q1 results.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for AAON
Unlock Now

Valuation Metrics

The current forward P/E ratio for Aaon Inc (AAON.O) is 49.02, compared to its 5-year average forward P/E of 38.31. For a more detailed relative valuation and DCF analysis to assess Aaon Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
38.31
Current PE
49.02
Overvalued PE
47.49
Undervalued PE
29.14

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
22.20
Current EV/EBITDA
39.69
Overvalued EV/EBITDA
27.00
Undervalued EV/EBITDA
17.40

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
4.73
Current PS
5.43
Overvalued PS
5.86
Undervalued PS
3.60

Financials

AI Analysis
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Quarterly

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Whales Holding AAON

V
Value Aligned Research Advisors, LLC
Holding
AAON
+41.29%
3M Return
C
Ceredex Value Advisors LLC
Holding
AAON
+17.75%
3M Return
N
Next Century Growth Investors LLC
Holding
AAON
+9.03%
3M Return
G
Granite Investment Partners, LLC
Holding
AAON
+8.63%
3M Return
N
Nationwide Fund Advisors
Holding
AAON
+7.25%
3M Return
S
Senvest Management, LLC
Holding
AAON
+6.79%
3M Return

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Frequently Asked Questions

What is Aaon Inc (AAON) stock price today?

The current price of AAON is 139.66 USD — it has increased 8.05

What is Aaon Inc (AAON)'s business?

AAON, Inc. provides HVAC solutions for commercial and industrial indoor environments. Its segments include AAON Oklahoma, AAON Coil Products, and BASX. The AAON Oklahoma segment engineers, manufactures, and sells configurable HVAC systems, designs and manufactures controls solutions, and sells aftermarket parts to customers through retail part stores and online. The AAON Coil Products segment engineers and manufactures and sells semi-custom and custom HVAC systems and heating and cooling coils for use in HVAC systems, primarily for AAON Oklahoma, AAON Coil Products, and BASX. BASX segment engineers, manufactures, and sells a range of custom, high-performance cooling solutions for the hyperscale data center market; ventilation solutions for cleanroom environments in the biopharmaceutical, semiconductor, medical, and agricultural sectors; and highly customized air handlers and modular solutions for a variety of markets. BASX operates from its manufacturing facilities in Redmond, Oregon.

What is the price predicton of AAON Stock?

Wall Street analysts forecast AAON stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AAON is119.00 USD with a low forecast of 115.00 USD and a high forecast of 125.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Aaon Inc (AAON)'s revenue for the last quarter?

Aaon Inc revenue for the last quarter amounts to 496.94M USD, increased 54.30

What is Aaon Inc (AAON)'s earnings per share (EPS) for the last quarter?

Aaon Inc. EPS for the last quarter amounts to 0.48 USD, increased 37.14

How many employees does Aaon Inc (AAON). have?

Aaon Inc (AAON) has 5897 emplpoyees as of May 11 2026.

What is Aaon Inc (AAON) market cap?

Today AAON has the market capitalization of 11.44B USD.