AAON, Inc. (AAON)
Industrials · NMS
Price as at 1 Oct 2026, 01:19 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
AAON, Inc. trades at $82.76, which is 33% above the $55.05 our fair value estimate puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 45 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 79.1 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
AAON dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $0.300 | 3 |
| 2025 | $0.400 | 4 |
| 2024 | $0.320 | 4 |
| 2023 | $0.320 | 4 |
| 2022 | $0.287 | 2 |
| 2021 | $0.253 | 2 |
| 2020 | $0.253 | 2 |
| 2019 | $0.213 | 2 |
| 2018 | $0.213 | 2 |
| 2017 | $0.173 | 2 |
| 2016 | $0.160 | 2 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
AAON earnings and analyst estimates
Recommendation mix, 4 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
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. The company markets and sells its products to retail, manufacturing, educational, lodging, supermarket, data centers, medical and pharmaceutical, and other commercial industries. It sells its products through a network of independent manufacturer representative organizations and internal sales force, as well as online. AAON, Inc. was incorporated in 1987 and is headquartered in Tulsa, Oklahoma.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
AAON passes 3 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
12 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Impax Asset Management, Impax Asset Management Group plc$43.53M · 0.3% of book
- D. E. Shaw, D. E. Shaw & Co., Inc.$39.74M · 0.0% of book
- Jeremy Grantham, Grantham, Mayo, Van Otterloo & Co. LLC$32.77M · 0.1% of book
- Two Sigma, TWO SIGMA INVESTMENTS, LP$29.61M · 0.0% of book
- Ken Griffin, CITADEL ADVISORS LLC$26.34M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
AAON peers
The largest companies in the same industry (Building Products & Equipment), then in the same sector.
- CODGF Compagnie de Saint-Gobain S.A.
- LII Lennox International Inc.
- MAIR Madison Air Solutions Corporation
- MAS Masco Corporation
- BLMOY Belimo Holding AG
- WMS Advanced Drainage Systems, Inc.
- OC Owens Corning
- AWI Armstrong World Industries, Inc.
Every industrials company we cover is on the Industrials hub.
Common questions
Is AAON, Inc. (AAON) undervalued?
Against our fair value estimate of $55.05, AAON at $82.76 is 33% above fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own AAON?
12 of the institutions we track reported a position in AAON in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is AAON's P/E ratio?
AAON trades at 79.1 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does AAON, Inc. (AAON) pay a dividend?
Yes. AAON, Inc. yields 0.35% at the current share price. It has paid $0.400 per share over the trailing twelve months. It has paid a dividend in each of the last 20 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its AAON data?
Fundamentals for AAON come from company filings and exchange data, as listed on NMS; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 01:19 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for AAON, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.