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AAON logo AAON
Upturn stock ratingUpturn stock rating
AAON logo

AAON Inc (AAON)

Upturn stock ratingUpturn stock rating
$99.5
Last Close (24-hour delay)
Profit since last BUY8.67%
upturn advisory
Consider higher Upturn Star rating
BUY since 16 days
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Upturn Advisory Summary

10/10/2025: AAON (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Number of Analysts

rating

6 Analysts rated it

Limited analyst coverage, niche firm, research info may be scarce.

1 Year Target Price $98.75

1 Year Target Price $98.75

Analysts Price Target For last 52 week
$98.75 Target price
52w Low $61.92
Current$99.5
52w High $143.48

Analysis of Past Performance

Type Stock
Historic Profit 23.41%
Avg. Invested days 53
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 10/10/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 8.11B USD
Price to earnings Ratio 67.69
1Y Target Price 98.75
Price to earnings Ratio 67.69
1Y Target Price 98.75
Volume (30-day avg) 6
Beta 1.05
52 Weeks Range 61.92 - 143.48
Updated Date 10/11/2025
52 Weeks Range 61.92 - 143.48
Updated Date 10/11/2025
Dividends yield (FY) 0.36%
Basic EPS (TTM) 1.47

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 9.7%
Operating Margin (TTM) 3.99%

Management Effectiveness

Return on Assets (TTM) 8.03%
Return on Equity (TTM) 15.52%

Valuation

Trailing PE 67.69
Forward PE 51.02
Enterprise Value 8354305984
Price to Sales(TTM) 6.45
Enterprise Value 8354305984
Price to Sales(TTM) 6.45
Enterprise Value to Revenue 6.64
Enterprise Value to EBITDA 46.28
Shares Outstanding 81530676
Shares Floating 67380212
Shares Outstanding 81530676
Shares Floating 67380212
Percent Insiders 17.35
Percent Institutions 80.21

ai summary icon Upturn AI SWOT

AAON Inc

stock logo

Company Overview

overview logo History and Background

AAON Inc. was founded in 1988 in Tulsa, Oklahoma. It has grown from a regional manufacturer of HVAC equipment to a national leader known for its innovative and customizable solutions. Significant milestones include expansion into new product lines and strategic acquisitions.

business area logo Core Business Areas

  • Commercial HVAC: Design, engineering, manufacturing, and sale of heating, ventilation, and air conditioning (HVAC) equipment for commercial and industrial buildings.
  • Industrial HVAC: Specialized HVAC solutions for industrial applications, including data centers and manufacturing facilities.
  • Custom HVAC Solutions: Tailored HVAC systems to meet specific customer requirements, including unique performance and efficiency needs.

leadership logo Leadership and Structure

Gary Fields is the Chairman, President and CEO. The company operates with a functional organizational structure, dividing responsibilities across engineering, manufacturing, sales, and marketing departments.

Top Products and Market Share

overview logo Key Offerings

  • Rooftop Units: AAON's rooftop units (RTUs) are highly customizable and known for their energy efficiency. They contribute significantly to the company's revenue. Competitors include Trane Technologies (TT), Carrier Global (CARR), and Johnson Controls (JCI). Market share data is difficult to obtain precisely at a product level.
  • Chillers: AAON offers a range of chillers, including air-cooled and water-cooled models, designed for various commercial and industrial applications. Competitors include Trane Technologies (TT), Carrier Global (CARR), and Daikin Industries. Market share data is difficult to obtain precisely at a product level.
  • Air Handling Units: Customizable air handling units tailored for specific applications, offering precise temperature and humidity control. Competitors include Trane Technologies (TT), Carrier Global (CARR), and Johnson Controls (JCI). Market share data is difficult to obtain precisely at a product level.

Market Dynamics

industry overview logo Industry Overview

The HVAC industry is experiencing growth due to increasing demand for energy-efficient and environmentally friendly systems, coupled with stringent regulations and the expansion of data centers. Demand has been high but supply chain issues have impacted production.

Positioning

AAON Inc. is positioned as a premium provider of customizable and energy-efficient HVAC solutions, differentiating itself through engineering expertise and customer service.

Total Addressable Market (TAM)

The global HVAC market is projected to reach hundreds of billions of dollars. AAON Inc. is targeting a significant portion of this market by focusing on customized solutions and energy efficiency.

Upturn SWOT Analysis

Strengths

  • Strong engineering capabilities
  • Customizable product offerings
  • Focus on energy efficiency
  • Solid customer relationships
  • Strong balance sheet

Weaknesses

  • Higher price point compared to some competitors
  • Dependence on commercial and industrial construction cycles
  • Limited international presence

Opportunities

  • Growing demand for energy-efficient HVAC systems
  • Expansion into new geographic markets
  • Increased adoption of digital technologies
  • Potential acquisitions to expand product offerings
  • Growth in data center market

Threats

  • Fluctuations in raw material prices
  • Intense competition from larger players
  • Economic downturns affecting construction activity
  • Changes in environmental regulations
  • Supply chain disruptions

Competitors and Market Share

competitor logo Key Competitors

  • Trane Technologies (TT)
  • Carrier Global (CARR)
  • Johnson Controls (JCI)

Competitive Landscape

AAON Inc. competes with larger, well-established players in the HVAC industry. AAON's advantages include its customizable product offerings and strong engineering capabilities, while its disadvantages include its smaller size and limited international presence.

Major Acquisitions

WattMaster Controls Inc.

  • Year: 2019
  • Acquisition Price (USD millions): 27
  • Strategic Rationale: Expanded AAON's capabilities in building automation systems and controls.

Growth Trajectory and Initiatives

Historical Growth: AAON Inc. has demonstrated strong revenue growth over the past decade, driven by increasing demand for its products and strategic initiatives.

Future Projections: Analyst estimates project continued growth for AAON Inc., driven by increasing demand for energy-efficient HVAC systems and expansion into new markets. Specific growth rates should be sourced from analyst reports.

Recent Initiatives: Recent initiatives include investments in new manufacturing facilities, product development, and digital technologies.

Summary

AAON Inc. demonstrates solid fundamentals with strong engineering and customizable solutions, making it a competitive player. Their growth trajectory depends on continued innovation and market expansion. Potential risks include competition from larger companies and economic cycles. AAON appears to be well positioned to maintain positive growth moving forward. AAON should work on expanding its international presence.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company SEC Filings
  • Analyst Reports
  • Industry Publications
  • AAON Investor Relations Website

Disclaimers:

The data provided is for informational purposes only and should not be considered financial advice. Market share estimates are approximate and may vary depending on the source. Financial data needs to be updated.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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
Full time employees 4812

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.