62.87
+9.93%
Close of 9 Nov 2026, in USD
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About Aaon
From its filings with the US Securities and Exchange Commission
Aaon is based in Tulsa, Oklahoma and is incorporated in Nevada. Its shares trade on Nasdaq under the ticker AAON. The SEC classifies its business as air-cond & warm air heatg equip & comm & indl refrig equip. In the fiscal year to 31 December 2025, it reported revenue of $1.44bn and net income of $107.6m. At that date it held total assets of $1.69bn and shareholders' equity of $895.0m.
AAON is a leader in heating, ventilation, air conditioning, and liquid cooling solutions for commercial and industrial indoor environments. The Company designs and manufactures highly configurable equipment to meet specific customer requirements, delivering reliable performance, efficiency, and long-term value. Through a strong commitment to research and development, advanced engineering capabilities, and decades of industry experience, the Company continues to elevate standards for climate management solutions.
The Company operates through three reportable business segments: AAON Oklahoma, AAON Coil Products, and BASX. These segments are based on differences in products, manufacturing processes, and end markets, and reflect how management evaluates operating performance and allocates resources.
AAON Oklahoma: AAON Oklahoma engineers, manufactures, and sells highly configurable HVAC systems, designs and manufactures controls solutions, and sells aftermarket parts to customers through retail part stores and online. AAON Oklahoma includes operations at the Company’s manufacturing facilities in Tulsa, Oklahoma; Memphis, Tennessee; and Parkville, Missouri, as well as two retail locations, the Norman Asbjornson Innovation Center (“NAIC”), and the Gary D. Fields Customer Exploration Center.
Quoted from its 10-K, filed 2 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Building Products
- Listed since
- 3 Jan 1991
- Employees
- 5,897
- Website
- aaon.com ↗
- Head office
- 2425 SOUTH YUKON AVE., TULSA, OK, 74107
- Incorporated in
- NV
- Classification
- Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. A. McElroyNon-Executive Independent Chairman of the Board$271,374
- Dr. Matthew TobolskiPresident, Chief Executive Officer, Director, since 2024$1.5m
- Ms. Caron LawhornNon-Executive Independent Vice Chairman of the Board$241,743
- Ms. Rebecca ThompsonChief Financial Officer, Vice President - Finance, Treasurer$1.2m
- Mr. Stephen WakefieldExecutive Vice President & General Manager of the AAON$1.1m
- Mr. Casey KidwellChief Administrative Officer$699,668
- Mr. Norman AsbjornsonDirector, since 1988$307,483
- Mr. Gary FieldsDirector, since 2015$4.1m
- Ms. Angela KouplenIndependent Director$188,377
- Mr. Stephen LeClairIndependent Director$181,743
- Mr. David StewartIndependent Director$181,743
- Mr. Bruce WareIndependent Director$182,124
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 64
- Environment
- 98
- Social
- 66
- Governance
- 27
- Women in the workforce
- 27.5%
- Carbon reduction policy
- Yes
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Aaon Inc has several strengths that contribute to its competitive advantage in the market. Firstly, the company has a strong brand reputation and solid customer loyalty. This enables Aaon to command premium pricing for its products and services. Additionally, the company has a diverse product portfolio, offering a wide range of HVAC equipment and systems to cater to various customer needs. This allows Aaon to capture a larger market share and reach a broader customer base. Furthermore, the company has a robust distribution network, ensuring efficient and timely product delivery to customers.
- Aaon Inc is known for its commitment to exceptional quality and performance in its products. The company's HVAC equipment is designed to provide superior energy efficiency, reliability, and functionality. This ensures customer satisfaction and helps in building long-term relationships with clients.
- Aaon Inc boasts a strong financial position, with a healthy balance sheet and consistent revenue growth. This allows the company to invest in research and development, innovation, and expansion opportunities, enabling it to stay at the forefront of technological advancements in the HVAC industry.
Weaknesses
- Despite its strengths, Aaon Inc also faces certain weaknesses that could potentially hinder its growth and profitability. One major weakness is the company's dependence on a limited number of key suppliers for critical components used in its products. This exposes Aaon to the risk of supply chain disruptions and potential delays in production. Moreover, the company's geographic concentration of manufacturing facilities puts it at risk of being affected by regional economic factors or natural disasters.
- Aaon heavily relies on a few key suppliers for essential components used in its HVAC systems. Any disruption in the supply chain or deterioration in supplier relationships could lead to production delays and increased costs for the company.
- Aaon primarily operates its manufacturing facilities in a limited number of locations. This concentration exposes the company to regional economic risks, such as changes in labor costs, regulatory environment, or availability of skilled workforce. Additionally, natural disasters or adverse weather conditions in these areas could disrupt production activities.
Opportunities
- Aaon Inc has several opportunities for growth and expansion in the HVAC market. Firstly, the increasing demand for energy-efficient and environmentally-friendly systems presents a significant opportunity for the company. Aaon can capitalize on this trend by developing and promoting its energy-efficient HVAC solutions. Additionally, the growing construction industry, particularly in emerging markets, offers a chance for Aaon to expand its customer base and increase sales volume.
- The global shift towards sustainable practices and energy conservation creates a favorable market environment for Aaon Inc. By focusing on the development and marketing of energy-efficient HVAC systems, the company can attract environmentally-conscious customers and gain a competitive edge in the market.
- The construction sector, especially in emerging markets, is experiencing significant growth. Aaon can leverage this opportunity by forging strategic partnerships with construction firms and expanding its product offerings to cater to the increasing demand for HVAC systems in new building projects.
Threats
- Aaon Inc faces several threats that could impact its business operations and financial performance. Firstly, intense competition in the HVAC industry poses a challenge to Aaon's market share and profitability. Large, well-established competitors with significant resources and established customer relationships may pose a barrier to Aaon's growth. Moreover, economic downturns and fluctuations in raw material prices could adversely affect the company's financial stability.
- Aaon faces intense competition from both established players and emerging companies in the HVAC market. Competitors with greater financial resources and market presence can pose challenges to Aaon's ability to attract and retain customers. The company needs to continually innovate and differentiate its products to stay ahead in this highly competitive landscape.
- Aaon's financial performance is susceptible to economic downturns and fluctuations in raw material prices, such as steel and copper. These factors can impact the cost of production, pricing, and overall profitability of the company. Aaon needs to employ effective risk management strategies to mitigate the impact of such external factors.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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