Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI SWOT - About
AAON 
AAON Inc (AAON)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
07/03/2025: AAON (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Number of Analysts
6 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $103
1 Year Target Price $103
| 2 | Strong Buy |
| 1 | Buy |
| 3 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 13.59% | Avg. Invested days 60 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 07/03/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 6.12B USD | Price to earnings Ratio 39.4 | 1Y Target Price 103 |
Price to earnings Ratio 39.4 | 1Y Target Price 103 | ||
Volume (30-day avg) 6 | Beta 1.03 | 52 Weeks Range 68.91 - 143.65 | Updated Date 07/3/2025 |
52 Weeks Range 68.91 - 143.65 | Updated Date 07/3/2025 | ||
Dividends yield (FY) 0.54% | Basic EPS (TTM) 1.91 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 12.6% | Operating Margin (TTM) 3.99% |
Management Effectiveness
Return on Assets (TTM) 11.04% | Return on Equity (TTM) 19.85% |
Valuation
Trailing PE 39.4 | Forward PE - | Enterprise Value 6391265207 | Price to Sales(TTM) 4.86 |
Enterprise Value 6391265207 | Price to Sales(TTM) 4.86 | ||
Enterprise Value to Revenue 5.07 | Enterprise Value to EBITDA 28.88 | Shares Outstanding 81366096 | Shares Floating 67211685 |
Shares Outstanding 81366096 | Shares Floating 67211685 | ||
Percent Insiders 17.46 | Percent Institutions 77.3 |
Upturn AI SWOT
AAON Inc
Company Overview
History and Background
AAON, Inc. was founded in 1988. It designs, engineers, and manufactures heating, ventilation, and air conditioning (HVAC) equipment for commercial and industrial applications. AAON has grown through organic expansion and strategic acquisitions, focusing on energy-efficient and customizable solutions.
Core Business Areas
- Commercial HVAC: Designs and manufactures rooftop units, chillers, packaged units, and air handling units for commercial buildings, schools, and hospitals.
- Industrial HVAC: Provides custom HVAC solutions for industrial processes, data centers, and other specialized applications.
- AAON Coil Products: Manufacturer of coils and provides heat transfer solutions.
Leadership and Structure
Gary Fields serves as the CEO and Chairman. The company has a functional organizational structure with departments for engineering, manufacturing, sales, and marketing.
Top Products and Market Share
Key Offerings
- Rooftop Units: Customizable and energy-efficient rooftop HVAC units for commercial buildings. AAON holds a significant market share in the premium rooftop unit segment. Competitors: Johnson Controls (JCI), Carrier (Carr), Trane Technologies (TT).
- Chillers: High-efficiency chillers for large commercial and industrial applications. Competitors: Johnson Controls (JCI), Carrier (Carr), Trane Technologies (TT).
- Air Handling Units: Custom air handling units tailored to specific building requirements. Competitors: Johnson Controls (JCI), Carrier (Carr), Trane Technologies (TT).
Market Dynamics
Industry Overview
The HVAC industry is driven by building construction, renovation, and increasing demand for energy-efficient systems. Regulatory standards and technological advancements are also key drivers.
Positioning
AAON is positioned as a premium provider of customizable and energy-efficient HVAC solutions, focusing on niche markets and specialized applications. Their competitive advantage lies in product customization and quality.
Total Addressable Market (TAM)
The global HVAC market is estimated to be $300+ billion. AAON's TAM includes the premium commercial and industrial HVAC segments, estimated to be in the billions of dollars, where they focus on custom and high-efficiency solutions.
Upturn SWOT Analysis
Strengths
- Customization capabilities
- Energy-efficient product designs
- Strong brand reputation
- Vertically integrated manufacturing
- Financial Stability
Weaknesses
- Higher price point compared to competitors
- Limited international presence
- Reliance on specific market segments
- Susceptible to fluctuations in raw material costs
Opportunities
- Expanding into new geographic markets
- Developing innovative technologies
- Acquiring complementary businesses
- Benefiting from government incentives for energy-efficient HVAC
Threats
- Intense competition from larger players
- Economic downturns impacting construction activity
- Fluctuations in raw material prices
- Changes in regulatory standards
Competitors and Market Share
Key Competitors
- JCI
- TT
- CARR
Competitive Landscape
AAON's advantage is its customization capabilities and niche market focus, while competitors have broader product portfolios and global reach. AAON focuses more on the premium HVAC segment.
Major Acquisitions
BasX Solutions
- Year: 2021
- Acquisition Price (USD millions): 115
- Strategic Rationale: Expanded AAON's capabilities in data center cooling solutions.
Growth Trajectory and Initiatives
Historical Growth: AAON has demonstrated consistent growth through organic expansion and strategic acquisitions.
Future Projections: Analysts project continued growth for AAON, driven by demand for energy-efficient HVAC systems. Please see latest analyst reports.
Recent Initiatives: Recent initiatives include investments in new manufacturing facilities and product development efforts.
Summary
AAON is a financially stable company that is focused on manufacturing custom, energy-efficient HVAC solutions. Their high degree of product customization and quality differentiate them from competitors, but leads to higher price points and slower potential sales volumes. They have a good track record of strategic acquisitions, but must avoid overpaying, and ensure effective integration to grow strategically. The company should continue to look for geographical expansion to increase sales, and must be mindful of fluctuations in raw material prices.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings
- Analyst reports
- Industry publications
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market data is subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About AAON Inc
Exchange NASDAQ | Headquaters Tulsa, OK, United States | ||
IPO Launch date 1992-12-16 | President, CEO & Director Dr. Matthew J. Tobolski Ph.D., SE | ||
Sector Industrials | Industry Building Products & Equipment | Full time employees 4812 | Website https://www.aaon.com |
Full time employees 4812 | Website https://www.aaon.com | ||
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, as well as online. AAON, Inc. was incorporated in 1987 and is headquartered in Tulsa, Oklahoma.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.