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AAON AAON, INC.

Trailing twelve months to 2026-06-30 · as filed 2026-08-10, not restated
Industrials

Scale

Market cap
$6.6bn
Revenue TTM
$1.9bn
Net income TTM
$159m
Free cash flow
Composite score
56.2
Sector rank
#915

Valuation

P / E
41.5
EV / EBITDA
22.1
EV / sales
3.4
FCF yield
Earnings yield vs 10-yr
-2.32pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
8.2%
EBITDA margin
15.4%
ROE
15.8%
ROIC
21.1%
Revenue growth
53.5%

Insider activity, last 90 days

Net open-market
$-3.27m
Buyers
0
Sellers
2

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

Revenue Recognition The following tables show disaggregated net sales by reportable segment (Note 21) by major product brand, net of intercompany sales eliminations. Aftermarket part sales (included in the AAON Product sales above) were $ 23.8 million and $ 40.8 million for the three and six months ended June 30, 2026, as compared to $ 20.7 million and $ 35.9 million for the three and six months ended June 30, 2025. Representatives and Third-Party Products We are responsible for billings and collections resulting from all sales transactions, including those initiated by our independent manufacturer representatives (“Representatives”). …AAON, INC., 10-Q, period ended 2026-06-30, filed 2026-08-10

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