Stocks Industrials AAON
NASDAQ · IndustrialsAaon, Inc. (AAON)
Aaon, Inc. brought in $2.3B of revenue over the twelve months to September 30, 2026, up 72.3% from a year earlier. Net income was $204.6M, a net margin of 9.0%. At September 30, 2026 it held $13K in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 9, 2026.
Key facts about Aaon, Inc.
- Net worth
- Aaon, Inc. has a market value (market cap) of $5.2B at the latest share price, and shareholders' equity of $1.1B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1.4B (+20.1% year on year), with net income of $107.6M. Over the 12 months to September 30, 2026: revenue $2.3B, net income $204.6M.
- Cash flow
- In fiscal 2025 operations brought in $534K of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 9, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Aaon, Inc.'s next report is expected around March 1, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Aaon, Inc. declared dividends of $0.40 per share in fiscal 2025, a yield of 0.64% at the current price.
What Aaon, Inc. does
Aaon, Inc. is registered with the SEC under industry code SIC 3585 (Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip). Its shares trade on NASDAQ under the ticker AAON.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.4B | $107.6M | $1.29 | n/a |
| 2024 | $1.2B | $168.6M | $2.02 | n/a |
| 2023 | $1.2B | $177.6M | $2.13 | n/a |
| 2022 | $888.8M | $100.4M | $1.24 | $7.3M |
| 2021 | $534.5M | $58.8M | $0.73 | $5.8M |
| 2020 | $514.6M | $79M | $1.00 | $61M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where AAON ranks in Industrials
Dividends
Aaon, Inc. declared $0.40 per share in fiscal 2025. At the current price that is a yield of 0.64%. It paid out $32.6M in cash dividends, 30% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $0.40 | $32.6M | 30% |
| 2024 | $0.32 | $26.1M | 15% |
| 2023 | $0.32 | $26.4M | 15% |
| 2022 | $0.29 | $22.9M | 23% |
| 2021 | $0.25 | $19.9M | 34% |
| 2020 | $0.25 | $19.8M | 25% |
Latest SEC filings
What Aaon, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 84% to $707.4M versus the same quarter last year; diluted EPS $0.83 versus $0.37.
- November 9, 2026Quarterly report (amended) 10-Q/A · period to June 30, 2026Revenue rose 106% to $642.1M versus the same quarter last year; diluted EPS $0.80 versus $0.19.
- November 9, 2026Quarterly report (amended) 10-Q/A · period to March 31, 2026Revenue rose 53% to $492.5M versus the same quarter last year; diluted EPS $0.44 versus $0.35.
- November 9, 2026
- September 8, 2026Passive stake changed SCHEDULE 13G/A
- August 28, 2026
- August 13, 2026Passive stake changed SCHEDULE 13G/A
- August 13, 2026Other event 8-K
- August 10, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 106% to $642.1M versus the same quarter last year; diluted EPS $0.80 versus $0.19.
- August 10, 2026
Insider trades
What the people running Aaon, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $109.6K worth of shares on the open market in the last 90 days and sold none.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 15, 2026 | Stewart David RaymondDirector | Boughtindirect | 1,000 | $74.7K |
| September 1, 2026 | Asbjornson Norman HDirector, 10% owner | Gave as a giftindirect | 100,000 | - |
| September 1, 2026 | Jermain Patrick JohnDirector | Received as pay | 1,284 | - |
| September 1, 2026 | Buttermore Robert L.Director | Received as pay | 1,284 | - |
| August 28, 2026 | Shaub MatthewExecutive Vice President | Bought | 457 | $34.9K |
| June 2, 2026 | Thompson RebeccaChief Accounting Officer | Soldindirect | 4,230 | $606.7K |
| May 29, 2026 | Asbjornson Norman HDirector, 10% owner | Gave as a giftindirect | 101,441 | - |
| May 29, 2026 | Asbjornson Norman HDirector, 10% owner | Gave as a giftindirect | 88,000 | - |
Who owns AAON
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Wellington Management Group LLP13G, passive with 3 related filers | 10.4% | September 8, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 473 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 6,686,241 | +125,819 |
| Wellington Management Group Llp | 5,772,476 | -2,204,688 |
| Vanguard Capital Management LLC | 3,121,771 | +22,650 |
| Vanguard Portfolio Management LLC | 2,938,836 | +30,745 |
| State Street Corp | 2,625,540 | +562,926 |
| Wasatch Advisors LP | 2,338,517 | +70,399 |
| First Trust Advisors LP | 1,579,172 | -434,043 |
| Blair William & Co | 1,533,434 | -88,769 |
| Geode Capital Management, LLC | 1,432,938 | +6,136 |
| Dimensional Fund Advisors LP | 1,352,956 | -31,876 |
| Geneva Capital Management LLC | 1,200,842 | -520,789 |
| Morgan Stanley | 1,121,413 | -132,990 |
| Capital World Investors | 1,102,743 | -161,535 |
| Franklin Resources Inc | 1,023,955 | -195,305 |
| Conestoga Capital Advisors, LLC | 1,015,825 | -254,412 |
| Jane Street Group, LLC | 973,933 | +964,600 |
| Fuller & Thaler Asset Management, Inc. | 917,551 | new |
| Pictet Asset Management Holding SA | 883,740 | +212,528 |
| Kayne Anderson Rudnick Investment Management LLC | 878,950 | -185,195 |
| Mawer Investment Management Ltd. | 855,173 | +6,590 |
Insiders
17 insiders reported holding 12,022,094 shares in total, about $755.8M at the last price.
| Holder | Shares |
|---|---|
| Asbjornson Norman HDirector, 10% owner | 11,581,19511,482,401 held indirectly |
| Tobolski Matthew JosephChief Executive Officer, Director | 132,243114,371 held indirectly |
| McElroy A H IIDirector | 75,380 |
| Kouplen AngelaDirector | 39,159 |
| LeClair Stephen ODirector | 31,566 |
| Wakefield Stephen EExecutive Vice President | 29,48615,212 held indirectly |
| Thompson RebeccaChief Accounting Officer | 27,681 |
| Lawhorn Caron ADirector | 18,675 |
| Cheung Chung KinChief Financial Officer | 17,541 |
| Fields Gary DDirector | 15,252 |
Questions about AAON
What does Aaon, Inc. do?
Aaon, Inc. is a company in the Industrials sector, listed on NASDAQ as AAON. Its shares trade on NASDAQ under the ticker AAON.
What is Aaon, Inc.'s net worth?
Aaon, Inc. has a market value (market cap) of $5.2B at the latest share price, and shareholders' equity of $1.1B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Aaon, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $204.6M on revenue of $2.3B, a net margin of 9.0%.
How much revenue does Aaon, Inc. make?
Over the twelve months to September 30, 2026 Aaon, Inc. reported revenue of $2.3B. That is 72.3% more than a year earlier.
When did Aaon, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 9, 2026. It covers the period to September 30, 2026.
When is Aaon, Inc.'s next earnings report?
Aaon, Inc.'s next report is expected around March 1, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Aaon, Inc. pay a dividend?
Yes. Aaon, Inc. declared dividends of $0.40 per share in fiscal 2025, a yield of 0.64% at the current price.
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Where the numbers come from
Financial figures are the values Aaon, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.