AAON, Inc. logo AAON - AAON, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
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| PRICE TARGET: $119.00 DETAILS
HIGH: $120.00
LOW: $118.00
MEDIAN: $119.00
CONSENSUS: $119.00
DOWNSIDE: 11.59%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 1,442.1 1,200.6 1,168.5 888.8 534.5 514.6 469.3 433.9 405.2 384.0 358.6 356.3 321.1 303.1 266.2 244.6 245.3 279.7 262.5 231.5 185.2 173.3 148.8 155.1 157.3 155.0 131.9 106.8 81.7 62.8 67.3 79.5 45.4
Cost of Revenue 1,056.4 803.5 769.5 651.2 396.7 358.7 349.9 330.4 281.6 265.9 250.0 248.1 231.3 232.6 219.9 189.4 177.7 212.5 205.1 187.6 149.9 145.8 112.6 117.2 118.4 120.2 98.1 87.0 68.6 51.8 53.8 60 32.8
Gross Profit 385.7 397.1 399.0 237.6 137.8 155.8 119.4 103.5 123.7 118.1 108.7 108.3 89.8 70.5 46.3 55.2 67.5 67.2 57.4 43.9 35.3 27.5 36.2 37.9 38.9 34.7 33.8 19.8 13.1 11.0 13.5 19.5 12.6
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 205.7 167.5 157.8 110.8 68.6 60.5 50.6 47.1 48.5 37.8 36.6 39.7 32.9 25.7 22.3 22.5 23.8 23.8 21.7 18.1 17.5 15.2 14.9 15.1 16.0 13.9 14.7 10.6 8.1 6.4 6.3 7.9 6.2
Other Expenses 27.7 20.5 13.7 (0.0) (0.0) (6.5) 1.9 1.9 1.5 1.1 1.3 0.6 1.1 0 1.8 0 43.8 43.4 35.7 25.8 17.8 0 21.3 22.8 22.8 20.8 19.1 9.2 4.9 4.6 7.2 11.6 6.4
Operating Expenses 233.4 188.0 171.5 110.8 68.6 54.0 52.4 48.2 49.4 38.5 37.4 40.3 34.0 26.3 24.1 22.5 67.5 67.2 57.4 43.9 35.3 27.5 36.2 37.9 38.9 34.7 33.8 19.8 13.1 11.0 13.5 19.5 12.6
Operating Income
Operating Income 152.3 209.1 227.5 126.8 69.3 101.8 67.0 55.4 74.2 79.6 71.3 68.0 55.8 44.2 22.2 32.7 41.6 43.4 35.7 25.8 17.8 12.2 21.3 22.8 22.8 20.8 16 9.2 4.9 4.6 4.5 9.9 5.3
Interest Expense 17.7 2.9 4.8 2.6 0.1 0 0 0 0 0 0 0 0 0.0 0.3 0.0 0.0 0.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0.1 0.1 0.2 0.3 0.3 0.2 0.3 0.2 0.1 0.1 0.3 0.1 0.0 0.0 0.0 0.1 0.2 0.3 0.2 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 225.8 272.4 274.8 162.6 99.7 121.0 89.8 73.2 89.5 93.0 83.1 79.8 68.3 57.8 33.2 42.6 53.0 53.6 45.3 35.0 26.3 18.0 26.8 27.7 27.2 24.3 19.1 12.1 7.4 7.1 7.2 11.6 6.4
EBIT 146.5 209.5 228.0 127.2 69.3 95.4 67.3 55.5 74.5 79.5 71.2 67.7 55.8 44.2 24.0 32.7 43.9 44.1 35.7 25.8 17.8 12.2 21.3 22.8 22.8 20.8 16 9.2 4.9 4.6 4.5 9.9 5.3
Income Before Tax 128.8 206.6 223.2 124.5 69.2 102.0 67.0 55.5 74.6 80.0 71.3 68.2 56.3 44.3 21.5 32.7 43.9 44.1 35.3 26.2 18.3 12.4 21.9 23.1 22.5 20.4 15.6 8.5 4.1 3.4 3.3 8.7 4.3
Income Tax Expense 21.2 38.0 45.5 24.2 10.4 23.0 13.3 13.2 20.8 26.6 25.6 24.1 18.7 16.9 7.5 10.8 16.2 15.5 12.2 9.1 6.9 4.9 7.6 8.5 8.3 7.6 5.9 3.3 1.0 1.3 1.2 3.6 1.6
Net Income 107.6 168.6 177.6 100.4 58.8 79.0 53.7 42.3 54.5 53.4 45.7 44.2 37.5 27.4 14.0 21.9 27.7 28.6 23.2 17.1 11.5 7.5 14.2 14.6 14.2 12.8 9.7 5.2 3.0 2.1 2.1 5.1 2.7
Per Share Data
EPS (Basic) 1.32 2.07 2.19 1.26 0.75 1.01 0.69 0.54 0.69 0.67 0.57 0.54 0.45 0.33 0.38 0.58 0.32 0.32 0.24 0.18 0.12 0.08 0.15 0.22 0.14 0.13 0.09 0.07 0.04 0.02 0.03 0.05 0.03
EPS (Diluted) 1.29 2.02 2.13 1.24 0.73 0.99 0.68 0.54 0.69 0.67 0.56 0.53 0.68 0.33 0.37 0.58 0.32 0.32 0.24 0.18 0.12 0.08 0.21 0.21 0.14 0.18 0.13 0.05 0.03 0.02 0.03 0.05 0.04
Shares Outstanding 81.5 81.5 81.2 79.6 78.6 78.3 78.1 79.0 79.6 80.1 81.7 54.8 82.7 55.2 37.0 37.8 58.0 88.9 94.3 62.3 93.7 94.4 64.2 66.6 98.7 66.8 106.6 106.0 105.1 69.6 104.1 69.1 69.8
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 0.0 0.0 0.3 5.5 2.9 79.0 26.8 2.0 21.5 24.2 25.6 0.3 1.0 6.2 5.1 1.1 0.0 0.0 0.0 0.0 0.1 0.7 0 0.1
Short-Term Investments 0 0 0 0 0 0 0 0 9.0 19.6 2.2 0 3 10 0 0 0 0 0 0 0 0 0 0
Net Receivables 588.9 287.0 183.3 142.3 82.3 47.4 68.2 54.1 52.0 49.3 33.4 38.8 27.1 22.6 22.3 23.4 28.2 21.3 17.9 14.0 13.5 9.8 11.9 8.1
Inventory 261.2 187.4 213.5 198.9 130.3 82.2 73.6 77.6 70.8 47.4 28.8 36.4 20.9 19.7 14.3 13.5 15.1 11.9 12.2 10.7 9.1 9.1 10.2 7
Other Current Assets 1.2 6.5 8.7 0.5 0.6 7.8 17.6 5.9 0 0 5.1 4.2 3.5 3.5 4.2 4.1 3.7 2.7 1.6 1.1 1.6 1.5 1.7 0.7
Total Current Assets 869.2 488.2 409.0 349.1 218.1 220.3 187.5 140.7 153.7 141.0 96.2 80.1 56.0 64.6 46.5 42.3 47.4 36.5 32.0 26.2 24.6 21.1 23.8 15.9
Non-Current Assets
Property, Plant & Equipment 649.2 525.8 381.7 311.9 275.0 224.9 179.8 163.0 142.4 114.9 59.9 60.5 49.2 37.5 35.2 34.0 29.5 22.2 18.6 16.6 10.1 10.3 8.2 7.4
Goodwill 81.9 81.9 81.9 81.9 85.7 3.2 3.2 3.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 83.9 78.3 68.1 64.6 70.1 0.0 0.3 0.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.4 0.6
Long-Term Investments 0 0 0 0 1.2 0.6 0.6 0.6 0 0 0.1 0.1 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 2.3 0.2 0.8 6.4 0 0 0 0 0.7 0.7 0 0 0 0 10 0 0 0 0 0 0.9 0.8 0.2 0.2
Total Non-Current Assets 817.3 687.0 532.5 464.8 432.1 228.8 183.9 167.3 143.1 115.5 60.0 60.6 49.2 37.5 45.2 34.0 29.5 22.2 18.6 16.6 11.0 11.1 8.8 8.2
Total Assets 1,686.5 1,175.2 941.4 813.9 650.2 449.0 371.4 308.0 296.8 256.5 156.2 140.7 105.2 102.1 91.7 76.3 76.8 58.7 50.5 42.8 35.6 32.2 32.6 24.1
Current Liabilities
Account Payables 110.4 44.6 27.5 45.5 29.0 12.4 11.8 10.6 11.0 7.1 8.5 14.7 12.9 11.6 8.4 8.0 11.7 9.0 8.5 7.1 6.1 4.4 5.9 3.9
Short-Term Debt 7.5 16 0 0 0 0 0 0 0 0 0.1 3.0 0.1 5.4 3.6 0.9 7.9 0.4 0.8 0.2 0.1 0.9 0.9 1.1
Deferred Revenue 87.5 22.6 16.4 25.2 13.5 5.1 4.6 2.4 2.8 2.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 19.3 15.3 24.5 30.1 14.2 6.8 13.0 5.0 11.1 8.5 0 0 0 0 0 0 0 0 0 0 0 2.7 3.7 8.3
Total Current Liabilities 330.9 174.9 126.7 145.6 86.8 59.0 56.0 47.5 50.1 39.0 30.9 39.5 28.1 29.3 25.3 22.4 31.9 17.2 14.8 11.0 11.0 8 10.5 13.3
Non-Current Liabilities
Long-Term Debt 398.3 138.9 38.3 71.0 40 0 0 0 0 0 0 0.1 0.2 0 0 1.0 5.9 6.6 11.0 12.9 9.0 10.7 10.6 4.3
Deferred Tax Liabilities 30.3 0 12.1 18.7 32.0 28.3 15.3 9.3 8.0 9.5 7.3 4.6 5.8 5.4 4.1 2.9 2.1 1.2 0.3 0 0 0 0 0.1
Other Non-Current Liabilities 16.5 23.3 18.8 12.0 25.2 10.8 10.0 0.1 0 0.6 0 0 0 0 0 0 0 0 0 0.0 0 0 0 0
Total Non-Current Liabilities 460.7 175.7 79.5 107.6 97.2 39.1 25.3 11.1 9.5 11.6 7.3 4.7 6.0 5.4 4.1 3.9 7.9 7.8 11.3 12.9 9.0 10.7 10.6 4.4
Total Liabilities 791.5 350.7 206.2 253.2 184.0 98.1 81.3 58.6 59.6 50.6 38.2 44.2 34.1 34.7 29.4 26.3 39.8 25.0 26.1 23.9 19.9 18.7 21.1 17.7
Stockholders' Equity
Common Stock 0.3 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0 0 0
Retained Earnings 830.3 755.3 612.8 461.7 384.3 345.5 286.3 249.2 237.0 205.7 116.2 95.1 70.9 67.4 62.3 48.9 37.0 25.9 16.2 10.9 7.9 5.8 3.8 5.3
Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 1.1 0.8 0.2 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 895.0 824.6 735.2 560.7 466.2 350.9 290.1 249.4 237.2 205.9 118.0 96.5 71.2 67.4 62.3 50.0 37.0 33.6 24.4 18.9 15.6 13.5 11.5 6.4
Total Liabilities & Equity 1,686.5 1,175.2 941.4 813.9 650.2 449.0 371.4 308.0 296.8 256.5 156.2 140.7 105.2 102.1 91.7 76.3 76.8 58.7 50.5 42.8 35.6 32.2 32.6 24.1
Debt Metrics
Total Debt 424.6 171.0 50.5 78.3 41.6 0.2 0 0 0 0 0.1 3.1 0.3 5.4 3.6 1.9 13.7 7.1 11.7 13.0 9.1 11.6 11.5 5.4
Net Debt 424.6 170.9 50.3 72.8 38.7 (78.8) (26.8) (2.0) (21.5) (24.2) (25.6) 2.8 (0.7) (0.8) (1.5) 0.7 13.7 7.0 11.7 13.0 8.9 10.9 11.5 5.3
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 107.6 168.6 177.6 100.4 58.8 79.0 53.7 42.3 54.5 53.4 11.5 7.5 14.2 14.6 14.2 12.8 9.7 5.2 3.0 2.1 2.1 5.1 2.7
Depreciation & Amortization 79.4 0.2 46.8 35.4 30.4 25.6 22.8 17.7 15.0 13.0 8.5 5.7 5.4 4.9 4.4 3.5 3.1 2.8 2.5 2.5 2.7 1.7 1.1
Stock-Based Compensation 18.0 16.7 16.4 13.7 11.8 11.3 11.8 7.9 6.3 4.4 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (236.4) (49.4) (76.9) (77.6) (44.1) 5.0 1.8 (15.9) (16.9) (8.4) (6.5) 1.9 (5.6) 0.8 4.8 (2.8) (1.6) (2.5) (2.3) (0.1) 0.4 (3.2) (3.7)
Other Non-Cash Items (0.6) 63.0 1.5 2.7 0.7 (5.2) 1.8 0.3 (0.2) 0.8 0.2 0.5 0.5 0.5 0.0 0.7 0.9 0.5 0.2 0.5 0.1 0.2 0.2
Operating Cash Flow (0.9) 192.5 158.9 61.3 61.2 128.8 97.9 54.9 58.0 63.9 12.0 16.2 16.5 21.9 23.9 14.0 12.0 5.8 4.8 4.1 5.2 2.7 (0.1)
Investing Activities
Capital Expenditure (190.6) (195.7) (104.3) (54.0) (55.4) (67.8) (37.2) (37.3) (41.7) (26.6) (10.1) (17.0) (7.7) (6.1) (9.0) (10.7) (6.7) (4.8) (9.0) (2.1) (4.6) (2.4) (2.6)
Acquisitions 0.0 0 0 (0.2) (103.4) 0 0 (6.4) 0.0 0.0 0.0 (1.8) 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 (6) (16.2) (18.5) (14.5) (1) (3) 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 6 25.1 29.1 24.1 3 10 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 12.4 0.1 0.2 (21.9) 0.1 6.5 0.1 0.1 0.1 0.1 (0.1) 0.0 0.1 (10.0) 0.2 0.0 0.0 0.1 0.1 0 0 0.1 0
Investing Cash Flow (192.4) (213.1) (109.3) (76.2) (158.7) (61.3) (37.0) (34.6) (31.1) (16.9) (8.2) (11.7) (7.6) (16.1) (8.8) (10.7) (6.6) (4.8) (9.0) (2.1) (4.6) (2.3) (2.6)
Financing Activities
Net Debt Issuance 243.2 121.0 (26.6) 30.9 40 0 6.6 0 0 0 (0.1) (5.4) 1.8 1.3 (11.8) 6.6 (4.7) (1.3) 4.0 (2.6) 0 (0.6) 2.6
Stock Repurchased (30.0) (100.0) (25.0) (12.7) (20.9) (30.1) (19.6) (26.8) (16.6) (19.3) (4.9) (5.0) (9.9) (4.0) (2.8) (10.4) (0.8) 0 0 0 0 0 0
Dividends Paid (32.6) (26.1) (26.4) (22.9) (19.9) (19.8) (16.6) (16.7) (13.7) (12.7) 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (9.7) (8.7) (1.7) (1.0) (1.6) (1.2) (1.5) (1.1) (1.6) (0.8) 0 0 0 0 0 0.0 (0.0) 0 0 0 0.1 0.1 0.1
Financing Cash Flow 188.0 18.0 (46.5) 17.4 18.7 (29.6) (18.5) (39.7) (29.6) (30.8) (4.2) (9.9) (7.7) (1.9) (14.0) (3.3) (5.3) (1.0) 4.1 (2.6) 0.1 (0.5) 2.7
Cash Position
Net Change in Cash (5.3) (2.5) 3.1 2.5 (78.8) 37.9 42.4 (19.5) (2.7) 16.2 (0.2) (5.2) 1.1 3.9 1.1 (0.0) 0 (0.0) (0.1) (0.5) 0.7 (0.1) 0
Cash at Beginning 6.5 9.0 5.9 3.5 82.3 44.4 2.0 21.5 24.2 7.9 1.0 6.2 5.1 1.1 0.0 0.0 0.0 0.0 0.1 0.7 0 0.1 0.1
Cash at End 1.2 6.5 9.0 5.9 3.5 82.3 44.4 2.0 21.5 24.2 0.8 1.0 6.2 5.1 1.1 0.0 0.0 0.0 0.0 0.1 0.7 0 0.1
Free Cash Flow (191.4) (3.1) 54.6 7.3 5.8 61.0 60.8 17.6 16.3 37.3 1.8 (0.8) 8.8 15.8 14.9 3.3 5.3 1.0 (4.3) 2.0 0.6 0.3 (2.7)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 1,442.1 1,200.6 1,168.5 888.8 534.5 514.6 469.3 433.9 405.2 384.0 358.6 356.3 321.1 303.1 266.2 244.6 245.3 279.7 262.5 231.5 185.2 173.3 148.8 155.1 157.3 155.0 131.9 106.8 81.7 62.8 67.3 79.5 45.4
Gross Profit 385.7 397.1 399.0 237.6 137.8 155.8 119.4 103.5 123.7 118.1 108.7 108.3 89.8 70.5 46.3 55.2 67.5 67.2 57.4 43.9 35.3 27.5 36.2 37.9 38.9 34.7 33.8 19.8 13.1 11.0 13.5 19.5 12.6
Operating Income 152.3 209.1 227.5 126.8 69.3 101.8 67.0 55.4 74.2 79.6 71.3 68.0 55.8 44.2 22.2 32.7 41.6 43.4 35.7 25.8 17.8 12.2 21.3 22.8 22.8 20.8 16 9.2 4.9 4.6 4.5 9.9 5.3
Net Income 107.6 168.6 177.6 100.4 58.8 79.0 53.7 42.3 54.5 53.4 45.7 44.2 37.5 27.4 14.0 21.9 27.7 28.6 23.2 17.1 11.5 7.5 14.2 14.6 14.2 12.8 9.7 5.2 3.0 2.1 2.1 5.1 2.7
EPS (Diluted) 1.29 2.02 2.13 1.24 0.73 0.99 0.68 0.54 0.69 0.67 0.56 0.53 0.68 0.33 0.37 0.58 0.32 0.32 0.24 0.18 0.12 0.08 0.21 0.21 0.14 0.18 0.13 0.05 0.03 0.02 0.03 0.05 0.04
Balance Sheet
Cash & Equivalents 0.0 0.0 0.3 5.5 2.9 79.0 26.8 2.0 21.5 24.2 25.6 0.3 1.0 6.2 5.1 1.1 0.0 0.0 0.0 0.0 0.1 0.7 0 0.1
Total Assets 1,686.5 1,175.2 941.4 813.9 650.2 449.0 371.4 308.0 296.8 256.5 156.2 140.7 105.2 102.1 91.7 76.3 76.8 58.7 50.5 42.8 35.6 32.2 32.6 24.1
Total Debt 424.6 171.0 50.5 78.3 41.6 0.2 0 0 0 0 0.1 3.1 0.3 5.4 3.6 1.9 13.7 7.1 11.7 13.0 9.1 11.6 11.5 5.4
Stockholders' Equity 895.0 824.6 735.2 560.7 466.2 350.9 290.1 249.4 237.2 205.9 118.0 96.5 71.2 67.4 62.3 50.0 37.0 33.6 24.4 18.9 15.6 13.5 11.5 6.4
Cash Flow
Operating Cash Flow (0.9) 192.5 158.9 61.3 61.2 128.8 97.9 54.9 58.0 63.9 12.0 16.2 16.5 21.9 23.9 14.0 12.0 5.8 4.8 4.1 5.2 2.7 (0.1)
Capital Expenditure (190.6) (195.7) (104.3) (54.0) (55.4) (67.8) (37.2) (37.3) (41.7) (26.6) (10.1) (17.0) (7.7) (6.1) (9.0) (10.7) (6.7) (4.8) (9.0) (2.1) (4.6) (2.4) (2.6)
Free Cash Flow (191.4) (3.1) 54.6 7.3 5.8 61.0 60.8 17.6 16.3 37.3 1.8 (0.8) 8.8 15.8 14.9 3.3 5.3 1.0 (4.3) 2.0 0.6 0.3 (2.7)