NASDAQ: AAON
AAON, Inc.
Industrials · Construction
After hours: $136.72(0%) · as of 5:48 PM ET
Market Cap
$11.20B
52w High
$150.46
52w Low
$62.00
P/E
96.28
Volume
1.25M
Outstanding Shares
81.91M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 90.47% over the last year. Revenue grew 28.27% over the trailing twelve months. Operating margin moved from 15.65% to 10.4%. Free cash flow declined 29.24% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 10.4%. A decisive move in revenue — currently up 28.27% — would be the clearest signal to resolve the ambiguity.
Company profile
AAON, Inc., along with its affiliated companies, focuses on the engineering, manufacturing, promotion, and sale of heating and air conditioning systems throughout the United States and Canada.
Valuation
Stock splits
Every 2 shares became 3
Every 2 shares became 3
Every 2 shares became 3
Every 2 shares became 3
Every 2 shares became 3
Every 2 shares became 3
Every 2 shares became 3
Every 10 shares became 11
Profitability & growth
Analyst consensus
5
Buy
0
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 10, 2026
Q3 FY26 · EPS est $0.50 · Revenue est $503.58M
View
Dividends
$0.20/shareSemi-annualAt RiskAAON pays a dividend with a 0.15% dividend yield, growing at 9.56% annually, covered -5.9× by free cash flow.
Dividend Yield
0.15%
Annual Div / Share
$0.20
TTM $0.40
5yr CAGR
+9.56%
Doubles every ~7.6yr
Payout Ratio
27.65%
At Risk
Dividend Growth Rate
3yr CAGR
+11.74%
5yr CAGR
+9.56%
10yr CAGR
+10.55%
Dividend History
Annual dividends paid per share
Income Projection
Today
$0/mo
In 5 yrs
$0/mo
In 10 yrs
$0/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$1/yr $0/mo | $2/yr+58% $0/mo | $4/yr+149% $0/mo |
Yield-on-cost grows from 0.15% → 0.36% over 10yr
Analysis
Dividend Strengths
Strong dividend growth rate
The 5-year CAGR of 9.56% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only -5.87× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.