AAON Inc
AAON Inc (AAON) is listed on NASDAQ and classified in Building Products & Equipment, part of the Industrials sector. It is headquartered in Tulsa, United States and has 5,897 employees. The company is worth $5.74B and trades at 39.6x its earnings of the last twelve months; the median for its sector is 24.3x. Revenue was $1.44B in fiscal 2025, up 20.1% from the year before. Net income was $107.59M. The share price is 53.7% below its 52-week high of $150.46. It pays a dividend yielding 0.57%. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Two Sigma (Two Sigma Investments), at $29.61M. In that quarter, 1 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +41.8% over 5Y.
today you would have $1,583.28▲ +58.3%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $76.25 | $117.68 | $73.87 | $50.21 | $52.95 | $44.42 | $32.94 | $23.37 | $24.47 | $22.03 | $15.48 | $14.93 | $14.20 | $6.18 | $6.07 | $5.57 | $3.85 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 5.4% a year plus a 0.6% dividend yield. Growth capped at 25%.
Median P/E of 24.3 among peers in the sector.
Median P/E of 36.3 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Sector median of 13.2x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Industrials, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| LSTRLandstar System Inc | $169.39 | 43.9x | 6.9x | 2.15% | 14.98% | $5.75B |
| BBUCBrookfield Business Corp | $28.05 | — | 1.1x | 0.89% | 1.98% | $5.76B |
| JBTMJBT MAREL Corp | $109.69 | 30.3x | 1.3x | 0.36% | 4.37% | $5.69B |
| FLRFluor Corp | $43.42 |
| 36.3x |
| 59.1x |
| 58.3x |
| 34.7x |
| 40.5x |
| 72.5x |
| 44.7x |
| 48.4x |
| 43.8x |
| 36.3x |
| 33.0x |
| 27.6x |
| 28.0x |
| 31.3x |
| 18.9x |
| 36.9x |
| 21.6x |
| 12.1x |
| P/S | 4.3x | 4.3x | 8.0x | 5.2x | 4.5x | 7.8x | 6.8x | 5.5x | 4.2x | 4.7x | 4.5x | 3.4x | 3.4x | 3.7x | 1.7x | 1.9x | 1.9x | 1.4x |
| P/B | 7.2x | 6.9x | 11.6x | 8.2x | 7.2x | 9.0x | 9.9x | 8.9x | 7.3x | 8.1x | 8.3x | 6.9x | 7.0x | 7.1x | 3.7x | 4.1x | 4.0x | 2.9x |
| EPS | $1.29 | $2.02 | $2.13 | $1.24 | $0.73 | $0.99 | $0.68 | $0.53 | $0.67 | $0.67 | $0.56 | $0.53 | $0.45 | $0.33 | $0.16 | $0.26 | $0.32 |
| Dividend yield | 0.71% | 0.52% | 0.27% | 0.43% | 0.57% | 0.48% | 0.57% | 0.65% | 0.91% | 0.71% | 0.73% | 0.95% | 0.79% | 0.52% | 1.72% | 1.17% | 1.28% | 1.85% |
| Payout | 25.74% | 31.01% | 15.84% | 15.02% | 23.12% | 34.70% | 25.50% | 31.37% | 40.00% | 25.74% | 24.00% | 26.19% | 22.08% | 16.34% | 32.65% | 43.24% | 27.59% | 22.43% |
| Profit margin | 11.44% | 7.46% | 14.04% | 15.20% | 11.29% | 10.99% | 15.35% | 11.44% | 9.75% | 13.28% | 13.90% | 12.75% | 12.39% | 11.69% | 9.06% | 5.25% | 8.95% | 11.30% |
| ROE | 20.44% | 12.02% | 20.44% | 24.16% | 17.90% | 12.60% | 22.52% | 18.51% | 16.97% | 22.53% | 25.61% | 25.56% | 25.37% | 22.88% | 19.87% | 11.42% | 18.75% | 23.49% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 2 families.
Room for errors in the reported numbers.
-52.4% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| — |
| 2.2x |
| 0.00% |
| -45.17% |
| $5.81B |
| NPOEnpro Inc. | $267.21 | 142.9x | 3.6x | 0.48% | 2.86% | $5.66B |
| GXOGXO Logistics, Inc. | $48.91 | 42.9x | 1.9x | 0.00% | 4.50% | $5.61B |