Obermatt

AAON

NSQ:AAON · US0003602069
Building ProductsLarge

360

16
EV / EBIT3
Price / Owner Earnings1
Owner Earnings Yield11
Dividend Yield67
Price/Sales16
EV / Gross Profit2
Price/Book10
Return on Capital46
Cash Return on Capital13
Return on Equity51
EBIT Margin34
Gross Profitability28
Cash Conversion1
Accruals9
Owner Earnings Margin13
Sales growth87
Profit Growth44
Long-Term EPS Growth90
Reinvestment11
Price momentum73
Debt load60
Refinancing41
Debt Payback7
Liquidity76
Analyst ratings80
Opinion Changes50
Price Target Upside32
Market mood97
Value Creation14/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

AAON generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryUSA
IndustryBuilding Products
SizeLarge
TypePublic Company
ExchangeNASDAQGS
Founded1987
Employees760
Websiteaaon.com
ISINUS0003602069
Last UpdateApr 2, 2026
Themes
Energy ManagementCleanTechEnvironmental EngineeringHVAC ServicesEnergy EfficiencyPollution ControlSmart BuildingData Center TechnologyIndustrialIndustrial AutomationIndustrial Design

Description

AAON, Inc. (AAON), along with its operating subsidiaries, provides heating, ventilation, and air conditioning (HVAC) solutions for commercial and industrial indoor environments. The company’s operating subsidiaries include AAON, Inc., an Oklahoma co…

Analysis

Story stock

AAON, Inc. trades at an expensive price on a weak set of business metrics, a combination we flag as a story stock. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is expensive. The owner-earnings multiple stands at 1020.1×; owner earnings: the cash an owner could take out each year.

Growth is solid; the safety picture is adequate. The company scores 14/20 on our value-creation score: strong value creator.

Flags to be aware of: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
71
2023202420252026

All-time high

71

Jun 2026

All-time low

34

Jan 2023

Average rank

59

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
16
1
7
9
Price/Earnings
5
1
5
1
Price/Book
10
4
7
6
Dividend Yield
67
45
54
57
Value (overall)
12
5
4
5

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →