US · USD

AAON

AAON Inc

$84.55+0.24% ($0.20)
Day's range
$85.25 – $89.31
Day's volume
$10.5M
52-week range
$73.25 – $147.96

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AAON in numbers

Market cap
$7.1B
P/E
43.77
Dividend yield (12m)
0.47%

The 12-month dividend yield of AAON is 0.47%, above its 5-year average of 0.46%.

AAON price history

10/07/202510/07/2026
Compare with

AAON risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-6.87%+40.21%+70.77%
Volatility (annualized)74.79%57.64%50.82%
Largest drawdown-45.78%-45.78%-45.78%
Positive months7/1223/3636/60

How much did investing in AAON return?

$1,000.00 invested on 11/01/2021 would be worth $1,663.77 today.

Value today in AAON
$1,663.77
Return over the period
+66.38%
Return per year
+10.88%
In the S&P 500
$1,702.16

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

AAON fundamentals

Valuation

  • P/E43.77
  • P/B—
  • EV/EBITDA23.85
  • EV/EBIT33.35
  • EV/Revenue3.68
  • P/EBIT33.35
  • P/S3.68
  • P/OCF82.27
  • P/FCF—
  • Earnings yield3.00%
  • PEG ratio—
  • Earnings per share$1.93
  • Book value per share—

Debt

  • Net debt—
  • Net debt/EBITDA—
  • Net debt/Equity—
  • Debt/Equity—
  • Current ratio3.01
  • Quick ratio2.01
  • Cash ratio0.00

Efficiency

  • Gross margin25.57%
  • EBITDA margin15.45%
  • Operating margin11.05%
  • Net margin8.24%
  • Asset turnover1.04

Profitability

  • ROE—
  • ROA8.55%
  • ROIC—
  • Payout20.71%

Growth

  • Revenue CAGR (5 years)30.47%
  • Earnings CAGR (5 years)15.85%
  • Revenue growth (year)—
  • Earnings growth (year)—
  • Revenue growth (quarter)—
  • Earnings growth (quarter)—

What is AAON's fair price?

Two classic value formulas, with today's numbers. The current price is $84.55.

Graham's fair price
—
AAON's earnings per share and book value per share are not available, so the formula cannot be computed.

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
$5.27
93.77% below the price

$0.32 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

AAON's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator20252024202320222021202020192018
P/E57.7656.9733.9340.1371.0144.0947.9243.05
EV/EBITDA27.5735.3222.0024.8941.8927.3328.6724.96
Dividend yield0.52%0.27%0.43%0.57%0.48%0.57%0.65%0.91%
Earnings per share$1.32$2.07$2.18$1.88$1.12$1.51$1.03$0.81
Gross margin26.75%33.07%34.15%26.73%25.79%30.29%25.45%23.86%
EBITDA margin15.63%22.64%23.45%18.21%18.63%24.77%19.13%16.82%
Net margin7.46%14.04%15.20%11.29%10.99%15.35%11.44%9.75%

AAON's financial statements

Line202520242023202220212020
Net revenue$1.4B$1.2B$1.2B$888.8M$534.5M$514.6M
Cost of revenue-$1.1B-$803.5M-$769.5M-$651.2M-$396.7M-$358.7M
Gross profit$385.7M$397.1M$399M$237.6M$137.8M$155.8M
EBITDA$225.4M$271.9M$274M$161.9M$99.6M$127.5M
EBIT$146.2M$209.1M$227.5M$126.8M$69.3M$101.8M
Financial result——————
Income before tax$128.8M$206.6M$223.2M$124.5M$69.2M$102M
Income tax-$21.2M-$38M-$45.5M-$24.2M-$10.4M-$23M
Net income$107.6M$168.6M$177.6M$100.4M$58.8M$79M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does AAON pay dividends?

Dividend yield per year

  • 0.71%2017
  • 0.91%2018
  • 0.65%2019
  • 0.57%2020
  • 0.48%2021
  • 0.57%2022
  • 0.43%2023
  • 0.27%2024
  • 0.52%2025
  • 0.35%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend09/03/202609/25/2026$0.10
Dividend06/04/202606/26/2026$0.10
Dividend03/17/202603/30/2026$0.10
Dividend11/25/202512/18/2025$0.10
Dividend09/04/202509/26/2025$0.10
Dividend06/05/202506/27/2025$0.10
Dividend03/17/202503/28/2025$0.10
Dividend11/28/202412/19/2024$0.08
Dividend09/05/202409/27/2024$0.08
Dividend06/06/202406/28/2024$0.08
Dividend03/14/202403/29/2024$0.08
Dividend11/27/202312/18/2023$0.08
See all 28 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend09/06/202309/29/2023$0.08
Dividend06/07/202306/30/2023$0.08
Dividend03/09/202303/31/2023$0.08
Dividend11/24/202212/16/2022$0.16
Dividend06/01/202207/01/2022$0.13
Dividend11/23/202112/17/2021$0.13
Dividend06/01/202107/01/2021$0.13
Dividend11/24/202012/18/2020$0.13
Dividend06/01/202007/01/2020$0.13
Dividend11/25/201912/18/2019$0.11
Dividend05/30/201907/01/2019$0.11
Dividend11/27/201812/20/2018$0.11
Dividend06/06/201807/06/2018$0.11
Dividend11/28/201712/21/2017$0.09
Dividend06/06/201707/07/2017$0.09
Dividend11/29/201612/23/2016$0.09

About Aaon

Sector
Manufacturing

Questions about AAON

How much is AAON today?

AAON is at $84.55 (0.24% on the day), last traded on 10/07/2026.

How much did AAON pay in dividends in 2025?

AAON paid $0.40 per share in 2025, a dividend yield of 0.52%.

How much did AAON return in 12 months?

AAON returned -6.87% in 12 months, with annualized volatility of 74.79% and a largest drawdown of -45.78%.