AAON, Inc. (AAON)

From the record

AAON, Inc.'s filings since 2017 show 1 warning event: a warning not to rely on past financial statements (8-K item 4.02, the latest 2026-11-09) (its current reports).

From the record

AAON, Inc.'s 10 filed years say what it did: revenue went from $384 million in fiscal 2016 to $1.4 billion in fiscal 2025, up 15.8% a year; it rose in 9 of 9 years; it never fell from a peak; net income was positive in 10 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, AAON, Inc.'s diluted share count grew about 0.8% a year, and dividends and buybacks returned about 24% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 25 sales (5 under scheduled 10b5-1 plans) and 5 purchases of their own stock on the open market in the year to 2026-09-30, buying about $594 thousand (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, AAON, Inc. earned about 12 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 23 cents per dollar of everything the company owns. Leverage: it owed about 47 cents per dollar of assets, and net share issuance: its share count shrank 0.6% over the year (the filed statements).

From the record

AAON, Inc.'s standing among 63 graded names in its industry family: revenue of $1.4 billion in fiscal 2025 ranks in the bottom 35% by size; a net margin of 7.5% ranks in the top 48%; revenue growth of 17.5% a year over the last 3 filed years ranks in the top 13% (its annual reports).

From the record

AAON, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Tobolski, Matthew Joseph (Chief Executive Officer, as filed), filing under that title since 2025-05-15, 1.5 years (bottom 16% of its family); the 19 officers and directors filing in the last fifteen months have been on the record a median of 5.1 years (bottom 44%); 8 officer or director changes were reported on Form 8-K since 2023-11-13, against the 19 people in charge now (bottom 49%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

AAON, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $13 thousand against no long-term debt tagged leaves 0% of its assets as net cash, top 30% of its family; cash from operations less capital spending is 0% of revenue (bottom 23%); a gross margin of 26.7% (bottom 25%); research spending of 4% of revenue (top 32%) (its annual report).

From the record

AAON, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 17.5% a year over the last three filed years against 15.8% over all 10, speeding up (top 42% of its family); the newest year grew 20.1% (top 17%); research spending grew 7.5% a year (top 37%); capital spending grew 13.3% a year (top 26%) (its annual reports). AAON, Inc. reported 3 lines of business in fiscal 2025: AAON Oklahoma at $801 million (56%), AAON Coil Products at $325 million (23%), Bas X at $316 million (22%); 2 of 3 grew against the year before (its annual report).

From the record

AAON, Inc.'s newest year against its own record: revenue of $1.4 billion in fiscal 2025 came in 3.4% above the $1.4 billion its prior three years' pace pointed to (bottom 43% of its family); net income of $108 million against a prior three-year average of $149 million (bottom 31%); a net margin of 7.5% against 13.5% before (bottom 19%) (its annual reports).