AAON Aaon Inc
XNAS
62.30
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
AAON
$62.30
—
What changed
Recent filings, trades and movesKey stats
$62.30
- 52-Week Range
- $53.12 – $150.46
- YTD
- -21.32%
- IV Rank (30D)
- 93.78
- Straddle Price
- $14.90
- P/C Vol Ratio
- 0.62
- Market Cap
- $4.7B
- Open
- $58.44
- Day Range
- $57.34 – $63.06
- Volume
- 803,226
- Prev Close
- $57.19
Fair Value
MODEL: LONG
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.90% |
| Beta vs SPY | 1.21 |
| Cost of Equity (CAPM) | 11.56% (VRP-adj) |
| WACC | 11.09% |
| Volatility Risk Premium | +47.9pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 16.9% |
| Rev. Growth (YoY, DCF input) | +30.0% |
| DCF Horizon | 12 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $-0.1B |
| Return on Equity (TTM) | 15.8% |
| Book / Price | 21.1% |
| Gross Margin (TTM) | 25.6% |
| FCF Margin (TTM) | -6.1% |
| Debt / Equity | 0.43 |
| Quality Score | 4/6 — high quality (12y DCF) |
| SMA 50 | $76.99 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $71.87 |
| Bollinger Width / SMA20 | 45.1% (drives anchor stability) |
| Net Debt | $0.4B |
| Market Cap | $5B |
Peers used for multiples: BE, CAT, CW, FIX, GEV, GNRC, PWR, STRL
60-Day Conviction
97%
20-Day Fair Value
≈ by Dec 8, 2026
$64.61
α +3.5%
rank 72%
conviction
99%
40-Day Fair Value
≈ by Jan 6, 2027
$65.46
α +4.8%
rank 61%
conviction
95%
60-Day Fair Value
≈ by Feb 4, 2027
$67.13
α +7.5%
rank 60%
conviction
97%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | $6.41 | 0% | |
| Peer P/E | $53.09 | 12% | median 25.1× · 8 peers |
| Peer EV/EBITDA | $67.28 | 12% | median 18.5× · 8 peers |
| Peer P/B | $105.36 | 2% | median 8.7× · 8 peers |
| Peer P/S | $75.79 | 8% | median 3.0× · 8 peers |
| Market Anchor (SMA50) | $76.99 | 40% | stability 73% (BB-width) |
| Options Expected (B-L 30d) | $55.26 | 25% | 18 strikes · skew +0.21 |
As of 2026-11-09 · updated
Related
About
- Industry (SIC)
- AIR-COND & WARM AIR HEATG EQUIP & COMM & INDL REFRIG EQUIP (3585) · industry map
- Exchange
- XNAS
- Market Cap
- $4.7B
- Employees
- 5,897
- List Date
- 1990-12-01
- CIK
- 0000824142
- Next Earnings
- 2026-11-09 (After-Close)
- EPS Forecast
- $0.57
- Headquarters
- Tulsa, OK
- Homepage
- https://www.aaon.com
AAON Inc is a manufacturer of air-conditioning and heating equipment. The products include rooftop units, chillers, packaged outdoor mechanical rooms, air-handling units, makeup air units, energy-recovery units, condensing units, geothermal heat pumps, and self-contained units and coils. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It generates the majority of its revenue from the AAON Oklahoma segment which derives maximum revenue, engineers, manufactures, and sells, semi-custom, and custom HVAC systems, designs and manufactures control solutions, …
Summary
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composite
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No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 14.36% | -17.98% | 1.99% | -5.06% | -1.32% | 14.99% | 1.16% |
| Feb | 2.85% | -8.23% | 16.98% | 16.22% | -33.27% | 12.34% | 1.15% |
| Mar | -9.52% | -2.54% | 6.76% | 5.81% | 6.28% | -20.99% | -2.37% |
| Apr | -7.70% | -13.27% | 1.02% | 6.94% | 15.30% | 11.55% | 2.31% |
| May | 0.08% | 8.24% | -11.52% | -20.56% | -0.18% | 49.80% | 4.31% |
| Jun | -5.78% | 0.74% | 8.14% | 17.92% | -21.60% | -8.51% | -1.51% |
| Jul | -0.72% | 7.89% | 9.85% | 5.92% | 11.47% | -23.67% | 1.79% |
| Aug | 10.14% | -6.26% | -11.17% | 9.90% | 1.59% | -17.92% | -2.29% |
| Sep | -3.19% | -7.01% | -13.39% | 20.78% | 14.38% | 9.83% | 3.57% |
| Oct | 7.57% | 16.62% | -4.47% | 7.15% | 2.58% | -18.08% | 1.90% |
| Nov | 7.60% | 21.94% | 10.76% | 20.16% | -2.52% | -8.16%* | 8.30% |
| Dec | 2.72% | -4.19% | 18.14% | -11.04% | -16.78% | -- | -2.23% |
| Total | 16.58% | -11.10% | 30.07% | 88.34% | -31.93% | -19.22% | 12.12% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $70.75
SMA 50: $76.73
SMA 200: $96.79
Current: $62.44
EMA 12: $65.69
EMA 26: $71.21
MACD: -5.5199 | Signal: -1.3459
BEARISH
ADX (14): 30.22
TREND
+DI: 19.59
−DI: 37.41
Momentum Oscillators
RSI (14): 38.76
NEUTRAL
Stoch %K: 19.14
Stoch %D: 15.46
Williams %R: -63.55
Volume & Volatility
BB Upper: $86.30
BB Lower: $55.20
NEUTRAL
OBV: -7,325,366
Vol SMA 20: 1,314,139
Vol ROC: -16.47%
ATR: $5.09
True Range: $5.87
HV 20: 98.7%
HV 30: 82.5%
HV 60: 67.8%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-08T00:00:00 – 2026-11-06T00:00:00
AI Analysis
Written before AAON’s Aug 10 earnings report, so it doesn’t reflect the results.
Here is a comprehensive stock analysis report for AAON:
Executive Summary
Overall Assessment: BEARISH (Confidence Level: 6/10)
Key Drivers: High volatility, bearish momentum signals, and negative options market sentiment.
Primary Risks: Market-wide sell-off, further decline in technical indicators, and increased put option activity.
Investment Thesis: AAON's recent price movement is characterized by a high level of volatility, with bearish momentum signals suggesting a potential decline. The stock's beta is extremely high, indicating it moves more than the market, which may exacerbate any downward pressure. As such, we recommend exercising caution and closely monitoring the situation before making any investment decisions.
Recent News Sentiment Impact: The recent news headlines have been predominantly positive, with AAON itself announcing a quarterly cash dividend. However, this sentiment has not yet translated to a significant upward price movement, suggesting that investors may be waiting for more concrete evidence of growth before committing capital.
Technical Analysis
Trend Direction: BEARISH (Short-term), NEUTRAL (Medium-term), BEARISH (Long-term)
Support/Resistance Levels:
- Short-term support: $106.12
- Medium-term resistance: $123.68
Momentum Signals: RSI: 41.71 (Neutral) MACD: -5.01 / Signal: -2.10 / Histogram: -2.91 (Bearish)
Volume Analysis: Volume SMA 20: 941319.00 On-Balance Volume (OBV): 7506225.26
News & Sentiment Analysis
Recent Headlines Summary: The majority of recent news headlines have been positive, with a focus on the broader market and sector performance.
Sentiment Assessment: Aggregate sentiment is POSITIVE, but this has not translated to significant price movement.
Catalyst Identification: Upcoming earnings report may provide additional insights into AAON's financial performance and growth prospects.
Market Narrative: The recent news headlines have been generally positive, but the lack of upward price movement suggests that investors are waiting for more concrete evidence of growth before committing capital. This narrative aligns with the bearish momentum signals and high volatility observed in the technical indicators.
Risk & Volatility Assessment
Beta Interpretation: High beta (2.08) indicates that AAON moves more than the market, which may exacerbate any downward pressure.
Volatility Regime: Current volatility levels are extremely high, indicating a high level of uncertainty and potential for significant price movements.
Options Market Signals: IV Rank: 21.6% (Low), Current IV: 84.2%
Market Context & Positioning
Sector Performance: AAON's sector is performing relatively strongly, with the Nasdaq 100 climbing records.
Institutional Activity: Volume patterns suggest institutional interest in the options market, but this has not yet translated to significant upward price movement.
Correlation Analysis: AAON's correlation with the market (R-squared: 0.41) suggests that it may be subject to market-wide trends and volatility.
Relative Valuation: Position within trading range is neutral, suggesting that AAON may be due for a breakout or consolidation.
Key Levels & Action Items
Critical Price Levels:
- Support: $106.12
- Resistance: $123.68
Breakout/Breakdown Levels:
- Breakout level: $133.33
- Breakdown level: $94.95
Time-Sensitive Catalysts: Upcoming earnings report may provide additional insights into AAON's financial performance and growth prospects.
Risk Management: Stop-loss levels and position sizing considerations will depend on the investor's risk tolerance and market expectations.
Generated
News
All AAON news →
Earnings History
15 of 21 under expected move
Avg Expected Move
10.54%
Avg Actual Move
6.91%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-02-25 | After-Close | 13.84% | 0.61% | 0.04x | Within |
| 2021-08-05 | After-Close | 18.27% | 6.36% | 0.35x | Within |
| 2021-11-04 | After-Close | 12.27% | 0.08% | 0.01x | Within |
| 2022-02-28 | After-Close | 3.71% | 2.36% | 0.64x | Within |
| 2022-08-08 | After-Close | 2.87% | 3.14% | 1.09x | Exceeded |
| 2022-11-07 | After-Close | 7.55% | 14.04% | 1.86x | Exceeded |
| 2023-02-27 | After-Close | 14.36% | 11.62% | 0.81x | Within |
| 2023-05-04 | After-Close | 14.97% | 7.25% | 0.48x | Within |
| 2023-08-03 | After-Close | 17.00% | 5.88% | 0.35x | Within |
| 2023-11-06 | After-Close | 7.02% | 1.96% | 0.28x | Within |
| 2024-02-28 | After-Close | 8.92% | 3.36% | 0.38x | Within |
| 2024-05-02 | After-Close | 8.27% | 13.74% | 1.66x | Exceeded |
| 2024-08-01 | After-Close | 9.00% | 1.30% | 0.14x | Within |
| 2024-11-07 | After-Close | 7.87% | 16.07% | 2.04x | Exceeded |
| 2025-02-27 | Pre-Market | 11.47% | 22.92% | 2.00x | Exceeded |
| 2025-05-01 | After-Close | 9.33% | 3.02% | 0.32x | Within |
| 2025-08-11 | Pre-Market | 10.18% | 10.49% | 1.03x | Exceeded |
| 2025-11-06 | After-Close | 9.95% | 5.50% | 0.55x | Within |
| 2026-03-02 | Pre-Market | 15.56% | 3.49% | 0.22x | Within |
| 2026-05-07 | After-Close | 8.78% | 8.05% | 0.92x | Within |
| 2026-08-10 | After-Close | 10.25% | 3.88% | 0.38x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
AAON Options Activity & IV Rank
AAON IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 98.6%
7-DTE IV: 134.0%
Expected Move: $14.90
7-DTE Move: $11.90
Days to Exp: 39 (2026-12-18)
Options Flow · All expiries
Call Volume: 1,330
Put Volume: 828
P/C Volume: 0.623
BULLISH
Call OI: 8,426
Put OI: 3,014
P/C OI: 0.358
Total OI: 11,440
ATM Options Pricing
ATM Call: $8.80
ATM Put: $6.10
Call %: 14.1%
Put %: 9.8%
Chain Summary
Chain Volume: 2,158
Chain OI: 11,440
Last Updated: 11/9/2026
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 41st percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
41%
vs own history
GEX tilt
+0.36
OI-weighted, today
Vanna tilt
+0.17
δ-sensitivity to IV
Charm tilt
-0.16
δ-decay vs time
? What is this?
· 18 ATM contracts, 4k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
No data
30 DTE / 10d
—
—
pts
EXTREME
No data
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)100.0HighNov 9
IV Rank (30 DTE)93.8HighNov 9
Straddle Price (30 DTE)$14.90Nov 9
Beta Analysis
Risk Metrics
Beta: 2.0785
Alpha: -58.91%
Correlation: 0.4462
R-Squared: 19.9%
Stock Volatility: 64.2%
Market Volatility: 13.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own AAON
4 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Rockefeller Capital Management Family office Rockefeller family | $31.2M | #350 of 4729 | -1.6% | 13F | |
| Citadel Hedge fund Ken Griffin | $26.3M | #1002 of 6285 | -44.7% | 13F | |
| Bridgewater Associates Hedge fund Ray Dalio | $1.2M | #815 of 997 | new | 13F | |
| Millennium Management Hedge fund Izzy Englander | $323K | #3326 of 3716 | new | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
AAON Institutional Ownership (13F)
Filings for 2026-06-30 · 184 already for 2026-09-30
? 13F Guide
Diluted shares outstanding: 83,253,889 (as of 2026-06-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
6 filers$45.31M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $21.19M | 46.75% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $12.98M | 28.64% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $7.37M | 16.27% | 2026-06-30 |
| 4 | IMC-Chicago, LLC Custodian | $1.99M | 4.38% | 2026-09-30 |
| 5 | GROUP ONE TRADING LLC Custodian | $1.18M | 2.60% | 2026-06-30 |
| 6 | Simplex Trading, LLC Custodian | $612.42K | 1.35% | 2026-09-30 |
7 filers$16.11M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $4.64M | 28.83% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $4.59M | 28.51% | 2026-06-30 |
| 3 | Susquehanna International Group, LLP Custodian | $2.37M | 14.73% | 2026-06-30 |
| 4 | IMC-Chicago, LLC Custodian | $2.28M | 14.18% | 2026-09-30 |
| 5 | D. E. Shaw & Co., Inc. Custodian | $1.32M | 8.19% | 2026-06-30 |
| 6 | Simplex Trading, LLC Custodian | $868.98K | 5.40% | 2026-09-30 |
| 7 | UBS Group AG Custodian | $25.37K | 0.16% | 2026-06-30 |
AAON Insider Trading (Form 4)
Latest: 2026-09-16Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-09-16 | David Raymond Stewart | Director | Buy (P) | +1,000 | $74.66 | $74.7K | EDGAR |
| 2026-09-02 | Norman H Asbjornson | Director | Gift (G) | −100,000 | — | EDGAR | |
| 2026-09-01 | Patrick John Jermain | Director | Award (A) | +1,284 | — | EDGAR | |
| 2026-09-01 | Robert L. Buttermore | Director | Award (A) | +1,284 | — | EDGAR | |
| 2026-08-31 | Matthew Shaub | Executive Vice President | Buy (P) | +457 | $76.42 | $34.9K | EDGAR |
| 2026-06-05 | Rebecca Thompson | Chief Accounting Officer | Sell (S) | −4,230 | $143.42 | -$606.7K | EDGAR |
| 2026-06-01 | Norman H Asbjornson | Director | Gift (G) | −189,441 | — | EDGAR | |
| 2026-06-01 | Gary D Fields | Director | Sell (S) | −19,000 | $140.20 | -$2.66M | EDGAR |
| 2026-05-27 | Gary D Fields | Director | Mixed Sell −21,173 · Exer +21,173 |
— | $94.62 | -$1.94M | EDGAR |
| 2026-05-27 | Gordon Douglas Wichman | Executive Vice President | Mixed Exer +3,000 · Sell −3,000 |
— | $83.98 | -$338.4K | EDGAR |
| 2026-05-26 | Chung Kin Cheung | Chief Financial Officer | Award (A) | +15,507 | — | EDGAR | |
| 2026-05-15 | Norman H Asbjornson | Director | Award (A) | +1,290 | — | EDGAR | |
| 2026-05-15 | Casey Kidwell | Chief Administration Officer | Mixed Exer +3,153 · Sell −3,153 |
— | $109.47 | -$181.8K | EDGAR |
| 2026-05-14 | Angela Kouplen | Director | Award (A) | +1,290 | — | EDGAR | |
| 2026-05-14 | Caron A Lawhorn | Director | Award (A) | +1,290 | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
AAON Insider Holdings
21 insiders · @ $62.44
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | David E Benson | Vice President | 219,503 | $13.71M | $0 | 3 | 2025-03-13 |
| 2 | A H McElroy II | Director | 136,357 | $8.51M | $0 | 23 | 2026-05-14 |
| 3 | Norman H Asbjornson | Director | 109,631 | $6.85M | -$18.15M | 128 | 2026-09-02 |
| 4 | Angela Kouplen | Director | 39,159 | $2.45M | $0 | 11 | 2026-05-14 |
| 5 | Stephen O LeClair | Director | 31,566 | $1.97M | $0 | 6 | 2026-05-14 |
| 6 | Stephen E Wakefield | Executive Vice President | 29,759 | $1.86M | -$20.36M | 40 | 2026-02-03 |
| 7 | Rebecca Thompson | Chief Accounting Officer | 27,681 | $1.73M | -$14.51M | 87 | 2026-06-05 |
| 8 | Gary D Fields | Director | 21,501 | $1.34M | -$53.07M | 79 | 2026-06-01 |
| 9 | Matthew Joseph Tobolski | Chief Executive Officer | 20,510 | $1.28M | -$1.08M | 9 | 2026-05-14 |
| 10 | Caron A Lawhorn | Director | 18,675 | $1.17M | $0 | 10 | 2026-05-14 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
AAON Board & Officers
As of SEC filings through Sep 16, 2026Directors 12
- Norman H Asbjornson · on file since May 2006
- A H McElroy II · since Jul 18, 2007
- Gary D Fields · since May 19, 2015
- Angela Kouplen · since May 24, 2016
- Stephen LeClair · since May 16, 2017
- Caron A Lawhorn · since Jan 24, 2019
- Bruce Ware · since Oct 1, 2021
- David Raymond Stewart · since Oct 1, 2021
- Stephen O LeClair · on file since May 2022
- Matthew Joseph Tobolski · listed since May 2025
- Patrick John Jermain · since Jul 28, 2026
- Robert L. Buttermore · since Jul 28, 2026
Officers 7
- Matthew Joseph Tobolski · CEO · listed since May 2025
- Matthew Shaub · Executive Vice President · since Jan 1, 2025
- Gordon Douglas Wichman · Executive Vice President · listed since Feb 2026
- Chung Kin Cheung · Chief Financial Officer · since Apr 20, 2026
- Casey Kidwell · Chief Administration Officer · listed since Jan 2025
- Rebecca Thompson · Chief Accounting Officer · listed since Apr 2026
- Luke A. Bomer · General Counsel and Secretary · since Apr 1, 2026
10% owners 1
- Norman H Asbjornson · on file since May 2006
Changes in the last 10 years (51)
| Jul 28, 2026 | Robert L. Buttermore became a director |
| Jul 28, 2026 | Patrick John Jermain became a director |
| Apr 22, 2026 | Rebecca Thompson listed as Chief Accounting Officer (previously Chief Financial Officer) in SEC filings |
| Apr 20, 2026 | Chung Kin Cheung became Chief Financial Officer |
| Apr 1, 2026 | Luke A. Bomer became General Counsel and Secretary |
| Feb 3, 2026 | Stephen E Wakefield reported in an SEC filing no longer being Executive Vice President |
| Feb 3, 2026 | Gordon Douglas Wichman first listed as Executive Vice President in an SEC filing |
| Sep 3, 2025 | Christopher Douglas Eason reported in an SEC filing no longer being Principal Accounting Officer |
| May 15, 2025 | Matthew Joseph Tobolski listed as CEO (previously President & COO) in SEC filings |
| May 15, 2025 | Matthew Joseph Tobolski first listed as a director in an SEC filing |
| May 14, 2025 | Gary D Fields no longer listed as CEO in SEC filings |
| Jan 29, 2025 | Stephen E Wakefield listed as Executive Vice President (previously Vice President) in SEC filings |
| Jan 29, 2025 | Robert Teis reported in an SEC filing no longer being VP, Business Technology |
| Jan 29, 2025 | Gordon Douglas Wichman reported in an SEC filing no longer being Vice President |
| Jan 29, 2025 | Christopher Douglas Eason listed as Principal Accounting Officer (previously Chief Accounting Officer) in SEC filings |
| Jan 29, 2025 | Casey Kidwell listed as Chief Administration Officer (previously VP, Administration) in SEC filings |
| Jan 3, 2025 | David E Benson reported in an SEC filing no longer being Vice President |
| Jan 1, 2025 | Matthew Shaub became Executive Vice President |
| Dec 5, 2024 | Xerxes P Gazder reported in an SEC filing no longer being Chief Information Officer |
| Mar 8, 2024 | Stephen E Wakefield listed as Vice President (previously Chief Operating Officer) in SEC filings |
| Feb 16, 2024 | Robert Teis listed as VP, Business Technology (previously VP, Sales and Marketing) in SEC filings |
| Feb 16, 2024 | Gary D Fields listed as CEO (previously President and CEO) in SEC filings |
| Jan 1, 2024 | Matthew Joseph Tobolski became President & COO |
| Jan 1, 2024 | David E Benson became Vice President |
| Aug 18, 2022 | Larry Gene Stewart reported in an SEC filing no longer being Executive Vice President |
| Aug 16, 2022 | Rony D Gadiwalla reported in an SEC filing no longer being VP, Information Technology |
| Aug 3, 2022 | Robert Teis became VP, Sales and Marketing |
| Jul 18, 2022 | Xerxes P Gazder became Chief Information Officer |
| May 13, 2022 | Stephen O LeClair first on file as a director |
| May 12, 2022 | Casey Kidwell became VP, Administration |
| Apr 21, 2022 | The company announced the departure of Norman H Asbjornson as Executive Chairman in an SEC filing |
| Mar 25, 2022 | The company announced the departure of Paul K Lackey Jr from the board in an SEC filing |
| Mar 14, 2022 | Larry Gene Stewart listed as Executive Vice President (previously Vice President) in SEC filings |
| Jan 4, 2022 | Rebecca Thompson listed as Chief Financial Officer (previously Chief Accounting Officer) in SEC filings |
| Jan 1, 2022 | Gordon Douglas Wichman became Vice President |
| Oct 1, 2021 | David Raymond Stewart became a director |
| Oct 1, 2021 | Bruce Ware became a director |
| May 18, 2021 | Scott M Asbjornson reported in an SEC filing no longer being Vice President, Finance & CFO |
| May 11, 2021 | Christopher Douglas Eason became Chief Accounting Officer |
| Jan 5, 2021 | Stephen E Wakefield listed as Chief Operating Officer (previously VP, Engineering) in SEC filings |
| May 13, 2020 | Norman H Asbjornson listed as Executive Chairman (previously CEO) in SEC filings |
| May 13, 2020 | Gary D Fields listed as President and CEO (previously President) in SEC filings |
| May 12, 2020 | Mikel D Crews reported in an SEC filing no longer being Vice President of Operations |
| Apr 1, 2020 | Larry Gene Stewart became Vice President |
| Jan 24, 2019 | Caron A Lawhorn became a director |
| Oct 29, 2018 | Stephen E Wakefield became VP, Engineering |
| Oct 29, 2018 | Rony D Gadiwalla became VP, Information Technology |
| Dec 1, 2017 | Kathy I Sheffield reported in an SEC filing no longer being Sr. Vice President Admin/Treas |
| May 16, 2017 | Stephen LeClair became a director |
| Feb 22, 2017 | Mikel D Crews became Vice President of Operations |
| Dec 2, 2016 | Gary D Fields first listed as President in an SEC filing |
Not reported recently (4)
- Jack E Short · Last reported as a director in an SEC filing dated Mar 4, 2020
- Sam Neale · Last reported as Vice President in an SEC filing dated Mar 14, 2018
- Jerry R Levine · Last reported as a director in an SEC filing dated Mar 10, 2017
- Robert G Fergus · Last reported as Vice President in an SEC filing dated Jan 5, 2017
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
AAON Proposed Insider Sales (Form 144)
Latest: 2026-05-29
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
0 filings
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | Fields Gary D | Officer | 19,000 | $2.65M | 2026-05-29 | Wells Fargo Clearing Services | — | EDGAR |
| 2026-05-26 | Fields Gary D | Director | 21,173 | $2.97M | 2026-05-26 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-05-26 | Wichman Gordon Douglas | Officer | 3,000 | $421.2K | 2026-05-26 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-05-14 | Kidwell Casey | Officer | 3,153 | $436.1K | 2026-05-14 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-05-13 | VBT Irrevocable Trust DTD 12/21/2022 | Member of immediate family of any of the foregoing | 8,000 | $1.08M | 2026-05-13 | UBS Financial Services Inc | — | EDGAR |
| 2026-05-13 | Fields Gary D | Director | 19,081 | $2.63M | 2026-05-13 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-05-12 | Fields Gary D | Director | 31,271 | $4.19M | 2026-05-12 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-05-07 | Thompson Rebecca | Officer | 9,672 | $1.32M | 2026-05-07 | Fidelity Brokerage Services LLC | 10b5-1 | EDGAR |
| 2026-04-27 | Thompson Rebecca | Officer | 400 | $40.1K | 2026-04-27 | Fidelity Brokerage Services LLC | 10b5-1 | EDGAR |
| 2026-04-24 | Thompson Rebecca | Officer | 21,914 | $2.20M | 2026-04-24 | Fidelity Brokerage Services LLC | 10b5-1 | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-08-28
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Event | Link |
|---|---|---|
| 2026-08-28 | Regulation FD disclosure · Other events | EDGAR |
| 2026-08-13 | Other events | EDGAR |
| 2026-08-10 | Earnings results · Regulation FD disclosure | EDGAR |
| 2026-07-30 | Director or officer change · Bylaws or fiscal year change | EDGAR |
| 2026-06-08 | Regulation FD disclosure | EDGAR |
| 2026-05-18 | Shareholder vote results · Other events | EDGAR |
| 2026-05-07 | Earnings results · Regulation FD disclosure · Other events | EDGAR |
| 2026-04-02 | Director or officer change | EDGAR |
| 2026-03-05 | Other events | EDGAR |
| 2026-03-02 | Earnings results · Regulation FD disclosure · Other events | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-03-02 | 0000824142-26-000005 | EDGAR |
| 2025-02-27 | 0000824142-25-000039 | EDGAR |
| 2024-02-28 | 0000824142-24-000030 | EDGAR |
| 2023-02-27 | 0000824142-23-000019 | EDGAR |
| 2022-02-28 | 0000824142-22-000034 | EDGAR |
| 2021-02-25 | 0000824142-21-000030 | EDGAR |
| 2020-02-27 | 0000824142-20-000025 | EDGAR |
| 2019-02-28 | 0000824142-19-000040 | EDGAR |
| 2018-02-27 | 0000824142-18-000021 | EDGAR |
| 2017-02-23 | 0000824142-17-000034 | EDGAR |
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-08-10 | 0000824142-26-000055 | EDGAR |
| 2026-05-07 | 0000824142-26-000036 | EDGAR |
| 2025-11-06 | 0000824142-25-000199 | EDGAR |
| 2025-08-11 | 0000824142-25-000183 | EDGAR |
| 2025-05-01 | 0000824142-25-000120 | EDGAR |
| 2024-11-07 | 0000824142-24-000211 | EDGAR |
| 2024-08-01 | 0000824142-24-000187 | EDGAR |
| 2024-05-02 | 0000824142-24-000120 | EDGAR |
| 2023-11-06 | 0000824142-23-000174 | EDGAR |
| 2023-08-03 | 0000824142-23-000150 | EDGAR |
ETF Holders
118 ETFs hold AAON
25 shown · $997.25M total exposure · 0.11% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.01% | $183.8M | — | 2026-09-30 |
| 2 | IJH iShares Core S&P Mid-Cap ETF | iShares (BlackRock) | 0.12% | $143.3M | $121.4B | 2026-11-06 |
| 3 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.07% | $130.5M | — | 2026-09-30 |
| 4 | AIRR First Trust RBA American Industrial Renaissance® ETF | First Trust | 1.50% | $116.8M | $7.8B | 2026-11-06 |
| 5 | VBK Vanguard Morningstar Small-Cap Growth ETF | Vanguard | 0.17% | $72.7M | — | 2026-09-30 |
| 6 | VXF Vanguard Extended Market ETF | Vanguard | 0.07% | $64.6M | — | 2026-09-30 |
| 7 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.10% | $33.1M | — | 2026-11-05 |
| 8 | MDY State Street® SPDR® S&P MIDCAP 400® ETF Trust | SPDR (State Street) | 0.11% | $28.8M | $25.6B | 2026-11-05 |
| 9 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.11% | $24.6M | — | 2026-08-31 |
| 10 | IJK iShares S&P Mid-Cap 400 Growth ETF | iShares (BlackRock) | 0.24% | $24.2M | $10.2B | 2026-11-06 |
| 11 | IWP iShares Russell Mid-Cap Growth ETF | iShares (BlackRock) | 0.13% | $21.9M | $17.3B | 2026-11-06 |
| 12 | SPMD State Street® SPDR® Portfolio S&P 400™ Mid Cap ETF | SPDR (State Street) | 0.11% | $20.7M | $18.3B | 2026-11-05 |
| 13 | RSMC Rockefeller U.S. Small-Mid Cap ETF | Nport | 2.41% | $18.4M | — | 2026-07-31 |
| 14 | IWR iShares Russell Mid-Cap ETF | iShares (BlackRock) | 0.03% | $16.7M | $56.9B | 2026-11-06 |
| 15 | IWF iShares Russell 1000 Growth ETF | iShares (BlackRock) | 0.01% | $14.7M | $114.6B | 2026-11-06 |
| 16 | SCHM Schwab U.S. Mid-Cap ETF | Nport | 0.10% | $14.3M | — | 2026-08-31 |
| 17 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.02% | $13.1M | — | 2026-11-05 |
| 18 | IVOO Vanguard S&P Mid-Cap 400 ETF | Vanguard | 0.17% | $9.6M | — | 2026-09-30 |
| 19 | VONG Vanguard Russell 1000 Growth ETF | Vanguard | 0.02% | $9.2M | — | 2026-09-30 |
| 20 | VIS Vanguard Industrials ETF | Vanguard | 0.09% | $7.4M | — | 2026-09-30 |
| 21 | DON WisdomTree U.S. Midcap Dividend Fund | Nport | 0.16% | $6.2M | — | 2026-06-30 |
| 22 | MDYG State Street® SPDR® S&P 400™ Mid Cap Growth ETF | SPDR (State Street) | 0.23% | $6.2M | $2.7B | 2026-11-05 |
| 23 | IVOG Vanguard S&P Mid-Cap 400 Growth ETF | Vanguard | 0.32% | $5.9M | — | 2026-09-30 |
| 24 | JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF | Janus | 0.53% | $5.4M | $1.0B | 2026-11-06 |
| 25 | DCOR Dimensional US Core Equity 1 ETF | Dimensional | 0.01% | $5.1M | — | 2026-11-05 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
32.52
TTM Diluted EPS
$1.92
TTM Revenue
$1.93B
TTM Net Income
$159.29M
TTM Op. Cash Flow
$86.54M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $626.98M | $56.66M | $0.68 | $20.97M |
| Q1 '26 | 2026-03-31 | $496.94M | $39.81M | $0.48 | $33.99M |
| Q4 '25 | 2025-12-31 | $424.22M | $32.03M | $0.38 | $19.32M |
| Q3 '25 | 2025-09-30 | $384.24M | $30.78M | $0.37 | $12.26M |
| Q2 '25 | 2025-06-30 | $311.57M | $15.49M | $0.19 | $-21.83M |
| Q1 '25 | 2025-03-31 | $322.05M | $29.29M | $0.35 | $-9.21M |
| Q4 '24 | 2024-12-31 | $297.72M | $24.69M | $0.30 | $845.00K |
| Q3 '24 | 2024-09-30 | $327.25M | $52.62M | $0.63 | $63.77M |
| Q2 '24 | 2024-06-30 | $313.57M | $52.23M | $0.62 | $35.54M |
| Q1 '24 | 2024-03-31 | $262.10M | $39.02M | $0.46 | $92.37M |
| Q4 '23 | 2023-12-31 | $306.64M | $47.05M | $0.56 | $51.80M |
| Q3 '23 | 2023-09-30 | $311.97M | $48.08M | $0.58 | $47.18M |
Q2 2026 • period ending 2026-06-30 • filed 2026-08-10
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
32.52
P/B
5.15
P/S
2.69
EV/EBITDA
18.87
EV/Sales
2.92
ROE
15.8%
ROA
8.5%
Div Yield
0.73%
FCF Yield
1.66%
Debt/Equity
0.43
Current Ratio
—
Market Cap
$5.20B
as of 2026-11-09
AAON vs Peers
Related companies, largest first| Company | Market cap | P/E | Revenue growth | YTD | IV rank |
|---|---|---|---|---|---|
| CAT Caterpillar Inc. | $255.6B | 23.5 | +20.3% | −0.1% | 40 |
| GEV GE Vernova Inc. | $204.9B | 21.8 | +16.9% | +22.3% | 43 |
| PWR Quanta Services, Inc. | $81.5B | 53.6 | +37.1% | +34.5% | 62 |
| BE Bloom Energy Corporation | $51.2B | 120.2 | +110.6% | +98.6% | 14 |
| FIX Comfort Systems USA, Inc. | $35.8B | 23.9 | +50.7% | +10.2% | 65 |
| CW Curtiss-Wright Corp. | $16.8B | 32.3 | +10.7% | −15.3% | 24 |
| GNRC GENERAC HOLDINGS INC | $10.4B | 37.7 | +6.1% | +35.1% | 34 |
| STRL Sterling Infrastructure, Inc. Common Sto | $7.7B | 16.3 | +93.1% | −8.8% | 62 |
| AAON Aaon Inc | $4.7B | 32.5 | +53.5% | −21.2% | 94 |
| Peer median | $43.5B | 28.1 | +28.7% | +16.3% | 42 |
P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
6.33M
SI % of Float
9.38%
Days to Cover
6.95
Short Vol Ratio
44.8%
Free Float
67.53M
Float %
81.9%
Short interest 2026-10-15 • Short volume 2026-11-06 • Float 2026-09-22