AAON Inc
Research AAON Inc (AAON) on Bullrun: valuation model: 36.8% overvalued, market cap USD 6.24B, P/E 53.6, dividend yield 0.5%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerAAON
- ExchangeNASDAQ
- CountryUnited States
- SectorIndustrials
- IndustryBuilding Products & Equipment
- CurrencyUSD
- Valuation signal36.8% overvalued
- Market capUSD 6.24B
- P/E53.6
- Dividend yield0.5%
- Financial periodQ1 2026
- RevenueUSD 496.94M
- Net incomeUSD 39.82M
- Free cash flow-USD 163.65M
- Gross margin85.4%
Valuation Snapshot
Bullrun's latest valuation model marks AAON Inc as 36.8% overvalued; latest market cap is USD 6.24B; P/E is 53.6; dividend yield is 0.5%.
Peer valuation comparison
Latest P/E is 53.59x versus a Industrials sector median of 20.76x (158.1% above).
Latest dividend yield is 0.51% versus a Industrials sector median of 2.39% (78.7% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 1.44B | USD 107.59M | -USD 243.24M | 26.7% | 1.29 | USD 13.00K | USD 0 | USD 894.99M |
| FY2024 | USD 1.20B | USD 168.56M | -USD 83.35M | 33.1% | 2.02 | USD 14.00K | USD 16.00M | USD 824.58M |
| FY2023 | USD 1.17B | USD 177.62M | USD 36.38M | 34.1% | 2.13 | USD 287.00K | USD 0 | USD 735.22M |
| FY2022 | USD 888.79M | USD 100.38M | USD 7.29M | 26.7% | 1.24 | USD 5.45M | USD 112.17M | USD 560.71M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 6.24B | 53.6 | 0.5% | 0.4 |
| 2025 | 2025-12-31 | USD 6.23B | 59.1 | 0.5% | 0.4 |
| 2024 | 2024-12-31 | USD 9.58B | 58.3 | 0.3% | 0.32 |
| 2023 | 2023-12-29 | USD 6.00B | 36.2 | 0.4% | 0.32 |
| 2022 | 2022-12-30 | USD 4.01B | 59.8 | 0.6% | 0.29 |
| 2021 | 2021-12-31 | USD 4.17B | 72.5 | 0.5% | 0.26 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0.4 USD, yield 0.5%.
| Year | Dividends/share |
|---|---|
| FY2025 | 0.4 USD |
| FY2024 | 0.32 USD |
| FY2023 | 0.32 USD |
| FY2022 | 0.29 USD |
About AAON Inc
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, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.
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Frequently asked questions
Is AAON Inc overvalued or undervalued?
Bullrun's valuation model currently marks AAON Inc as 36.8% overvalued.
What is AAON Inc's market cap?
AAON Inc's market capitalization is USD 6.24B.
What is AAON Inc's P/E ratio?
AAON Inc's price-to-earnings (P/E) ratio is 53.6.
Does AAON Inc pay a dividend?
AAON Inc has a dividend yield of 0.5%.
What does AAON Inc do?
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, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.