Business Description

AAON Inc. is a manufacturer of heating, ventilation, and air conditioning (HVAC) equipment for commercial, industrial, and data center environments. Operating primarily in the United States and Canada, the company specializes in highly configurable, semi-custom HVAC systems designed for energy efficiency and performance. AAON is distinctive for its mass semi-customization approach, which combines the cost efficiency of scaled production with the precision of individual customization.

Everything on AAON, Inc.

Revenue (FY2025) $1.44B
YoY growth +20.1%
Operating margin 10.1%
Direction Expanding
Gross margin 26.7%
Net margin 7.5%

Earnings Transcripts

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Leadership & board

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Share Repurchase Program

Total authorized
$100 million open-market repurchase program authorized on February 25, 2025 (expiration at the Board's discretion); prior open-market authorizations were $50 million each on November 3, 2022, February 27, 2024 and June 4, 2024.
Remaining (FY2025)
Approximately $70.0 million remained available under the current Board authorization as of December 31, 2025.
Latest FY repurchased
Approximately $30.0 million repurchased under the open-market program in 2025; separately, the company repurchased approximately 98.1 thousand shares for an aggregate $9.7 million (average $99.15 per share) including shares withheld for employee statutory tax obligations and to cover option strike prices.

Named Competitors

Lennox InternationalTrane TechnologiesYork (Bosch Home Comfort Group)Johnson ControlsCarrier GlobalDaikin IndustriesVertivSTULZMuntersSilent Aire (Johnson Controls)Nortek Air SolutionsModine Manufacturing

Recent SEC Filings

2026-06-08 Regulation FD disclosure View filing ↗
2026-05-18 Shareholder vote results (+1 more) View filing ↗
2026-05-07 Reported quarterly results (+2 more) View filing ↗
2026-04-02 Leadership change (directors/officers) View filing ↗
2026-03-05 Other event View filing ↗
2026-03-02 Reported quarterly results (+2 more) View filing ↗
2025-12-29 Entered a material agreement (+1 more) View filing ↗
2025-12-01 Leadership change (directors/officers) View filing ↗
2025-11-12 Other event View filing ↗
2025-11-06 Reported quarterly results (+1 more) View filing ↗
2025-09-18 Regulation FD disclosure View filing ↗
2025-08-14 Other event View filing ↗

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