Stocks · Industrials · Industrial - Machinery
AAON, Inc. AAON
$83.27 +1.20% Close, Oct 2, 2026 · NASDAQ · Market cap $6.82B
Strong growth
Next earnings report: Nov 5, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Revenue over the last four quarters was $1.93B, up 53.5% from a year earlier, accelerating from 28.3% a quarter earlier.
- The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
- Diluted EPS over the last four quarters was $1.91, up 29.9% year over year.
PromtFinance scores
Each score is a percentile within the Industrials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth96Exceptional
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 7%
- EPS growth (TTM, YoY)Top 28%
- Revenue growth, 3-year CAGRTop 16%
- Revenue growth accelerationTop 4%
Quality46Neutral
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 21%
- Gross marginBottom 43%
- Operating marginTop 34%
- Cash conversion (OCF / net income)Bottom 7%
- Accruals (lower is better)Bottom 6%
- Net debt / EBITDA (lower is better)Top 41%
- Interest coverTop 13%
Value37Weak
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 46%
- Free-cash-flow yieldBottom 24%
- EBITDA / enterprise valueBottom 37%
- Sales / enterprise valueBottom 29%
- P/E vs own 5-year history (lower is better)Top 28%
Momentum33Weak
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 19%
- 6-month returnBottom 49%
- 1-year return vs S&P 500Bottom 31%
- Distance from 52-week highBottom 24%
- Trend checklist (0–4)Top 42%
Revisions94Exceptional
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 19%
- Consecutive EPS beatsTop 45%
- Share of analysts rating BuyTop 4%
- Upside to consensus price targetTop 30%
Stability39Weak
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 38%
- Maximum drawdown, 3 yearsTop 48%
- Beta vs S&P 500 (lower is better)Bottom 18%
- Net debt / EBITDA (lower is better)Top 41%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 28.3% | 53.5% | ↑ |
| EPS growth (YoY) | -25.3% | 29.9% | ↑ |
| Gross margin | 28.7% | 25.6% | ↓ |
| Operating margin | 12.2% | 11.1% | ↓ |
| FCF margin | -13.4% | -6.1% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 53.5% | 28.3% | ↑ | Top 7% |
| EPS growth (TTM, YoY) | 29.9% | -25.3% | ↑ | Top 28% |
| Gross margin | 25.6% | 28.7% | ↓ | Bottom 43% |
| Operating margin | 11.1% | 12.2% | ↓ | Top 34% |
| Net margin | 8.2% | 9.7% | ↓ | — |
| Free-cash-flow margin | -6.1% | -13.4% | ↑ | — |
| Return on invested capital | 11.5% | — | Top 21% | |
| Revenue growth, 3-year CAGR | 17.5% | — | Top 16% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 0.54×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 3.9%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.8%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -61.1 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 1.45×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 17.7×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.48%
- Net buyback yield (TTM)
- -0.51%
- Shareholder yield
- -0.03%
- Share count change, 1 year
- +0.9%
- Share count change, 3-year CAGR
- +0.1%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 10, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 2
- Beats in the last 8 reports
- 5 of 8
- Average EPS surprise, last 4
- +24.5%
- Average 2-day reaction, last 8
- +0.5%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $122.67
- Target vs current price
- +47.3%
- Analysts with a rating
- 5
- Share rating Buy or Strong Buy
- 100%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 10, 2026 | +34.5% | -5.9% | -7.4% | -16.3% | — |
| May 7, 2026 | +64.6% | +31.5% | +37.7% | +46.1% | -5.8% |
| Mar 2, 2026 | -13.3% | +3.5% | -12.7% | -19.5% | +39.4% |
| Nov 6, 2025 | +12.1% | +7.0% | +9.2% | -7.1% | -0.1% |
| Aug 11, 2025 | -29.0% | -10.5% | -1.2% | +0.4% | +19.1% |
| Apr 30, 2025 | +48.0% | +2.4% | +9.3% | +9.0% | -6.4% |
| Feb 27, 2025 | -44.4% | -22.9% | -19.7% | -20.2% | -2.0% |
| Nov 7, 2024 | +10.5% | -1.0% | +12.0% | +12.9% | -4.4% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 10, 2026 | $0.69 | $0.51 | +34.5% | $627.0M |
| May 7, 2026 | $0.48 | $0.29 | +64.6% | $496.9M |
| Mar 2, 2026 | $0.39 | $0.45 | -13.3% | $424.2M |
| Nov 6, 2025 | $0.37 | $0.33 | +12.1% | $384.2M |
| Aug 11, 2025 | $0.22 | $0.31 | -29.0% | $311.6M |
| Apr 30, 2025 | $0.37 | $0.25 | +48.0% | $322.1M |
| Feb 27, 2025 | $0.30 | $0.54 | -44.4% | $297.7M |
| Nov 7, 2024 | $0.63 | $0.57 | +10.5% | $327.3M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 43.6× | 46.7× | 33th | Bottom 46% |
| P/E (forward) | 35.4× | — | — | — |
| EV / EBITDA | 22.8× | — | — | Bottom 37% |
| EV / Sales | 3.77× | — | — | Bottom 29% |
| Free-cash-flow yield | -1.74% | — | — | Bottom 24% |
| Earnings yield | 2.29% | — | — | Bottom 46% |
P/E over the past five years
Range 28.1× – 91.0× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -13.2%
- Earnings per share growth (TTM)
- +29.9%
- Change in P/E multiple
- -4.7%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✓ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 1
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -13.9%
- 200-day average slope (20 days)
- -0.8%
- Distance from 50-day average
- +0.0%
- Distance from 200-day average
- -14.9%
- RSI (14)
- 52.4
- Relative volume
- 0.57×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 53.4%
- Volatility vs own 5-year history
- 80th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.69
- Correlation with S&P 500
- 0.40
- Current drawdown from 1-year high
- -43.8%
- Maximum drawdown, 3 years
- -49.9%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jun 3, 2026 | Sep 15, 2026 | -49.9% | 71 days | Not yet recovered |
| Nov 11, 2024 | Jun 18, 2025 | -49.0% | 149 days | 224 days (May 11, 2026) |
| Dec 8, 2021 | May 5, 2022 | -42.4% | 102 days | 204 days (Feb 28, 2023) |
| Feb 9, 2021 | Jul 27, 2021 | -25.9% | 116 days | 93 days (Dec 7, 2021) |
| Aug 2, 2023 | Oct 19, 2023 | -25.6% | 55 days | 39 days (Dec 14, 2023) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $6.82B
- P/E (TTM)
- 43.6
- EPS, diluted (TTM)
- $1.91
- Revenue (TTM)
- $1.93B
- Dividend yield
- 0.48%
- 52-week range
- $73.19 – $150.46
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $534.5M | $888.8M | $1.17B | $1.20B | $1.44B |
| Gross profit | $137.8M | $237.6M | $399.0M | $397.1M | $385.7M |
| Operating income | $69.3M | $126.8M | $227.5M | $209.1M | $152.3M |
| Net income | $58.8M | $100.4M | $177.6M | $168.6M | $107.6M |
| EPS (diluted) | $0.73 | $1.24 | $2.13 | $2.02 | $1.29 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $327.3M | $297.7M | $322.1M | $311.6M | $384.2M | $424.2M | $496.9M | $627.0M |
| Net income | $52.6M | $24.7M | $29.3M | $15.5M | $30.8M | $32.0M | $39.8M | $56.7M |
| EPS (diluted) | $0.63 | $0.30 | $0.35 | $0.19 | $0.37 | $0.38 | $0.48 | $0.68 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $61.2M | $61.3M | $158.9M | $192.5M | -$861,000 |
| Capital expenditure | -$55.4M | -$54.0M | -$104.3M | -$195.7M | -$190.6M |
| Free cash flow | $5.8M | $7.3M | $54.6M | -$3.1M | -$191.4M |
| Dividends paid | -$19.9M | -$22.9M | -$26.4M | -$26.1M | -$32.6M |
| Net share buybacks | $272,000 | $10.4M | $8.3M | -$68.2M | -$12.9M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $13,000
- Total assets
- $1.86B
- Total liabilities
- $853.3M
- Total debt
- $463.9M
- Net debt
- $463.9M
- Shareholders’ equity
- $1.01B
As of Jun 30, 2026 (filed Aug 10, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 4, 2026 | $0.10 | Sep 25, 2026 |
| Jun 5, 2026 | $0.10 | Jun 26, 2026 |
| Mar 18, 2026 | $0.10 | Mar 30, 2026 |
| Nov 26, 2025 | $0.10 | Dec 18, 2025 |
| Sep 5, 2025 | $0.10 | Sep 26, 2025 |
| Jun 6, 2025 | $0.10 | Jun 27, 2025 |
| Mar 18, 2025 | $0.10 | Mar 28, 2025 |
| Nov 29, 2024 | $0.08 | Dec 19, 2024 |
Short interest
- Shares sold short
- 4,870,610
- Days to cover
- 4.47
- Change vs previous report
- +3.8%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Aug 17, 2023
- 3-for-2
- Jul 17, 2014
- 3-for-2
- Jul 3, 2013
- 3-for-2
- Jun 14, 2011
- 3-for-2
- Aug 22, 2007
- 3-for-2