AAON Inc
Research AAON Inc (AAON) on Bullrun: valuation model: 29.0% overvalued, market cap USD 7.06B, P/E 60.6, 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 signal29.0% overvalued
- Market capUSD 7.06B
- P/E60.6
- Dividend yield0.5%
- Financial periodQ2 2026
- RevenueUSD 626.98M
- Net incomeUSD 56.66M
- Free cash flow-USD 28.67M
- Gross margin24.3%
Valuation Snapshot
Bullrun's latest valuation model marks AAON Inc as 29.0% overvalued; latest market cap is USD 7.06B; P/E is 60.6; dividend yield is 0.5%.
Peer valuation comparison
Latest P/E is 60.6x versus a Industrials sector median of 21.2x (185.9% above).
Latest dividend yield is 0.47% versus a Industrials sector median of 2.27% (79.3% 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 204.36M | 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 2.94M | 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 78.25M | USD 560.71M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 7.06B | 60.6 | 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 29.0% overvalued.
What is AAON Inc's market cap?
AAON Inc's market capitalization is USD 7.06B.
What is AAON Inc's P/E ratio?
AAON Inc's price-to-earnings (P/E) ratio is 60.6.
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.