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AAN on NYSE

Aaron's, Inc.

Logo: Aaron's, Inc., Public domain, via Wikimedia Commons5

American lease-to-own company

The Aaron's Company, Inc., commonly known as Aaron's, is an American lease-to-own retailer. The company focuses on leases and retail sales of furniture, electronics, appliances, and computers. The company sells through company-operated and franchised stores and its e-commerce platform.3 Its shares trade on NYSE under the symbol AAN.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1955Founded1

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  • TickerAAN on NYSE1
  • Industryfurniture1
  • HeadquartersAtlanta1
  • Websitewww.aarons.com
  • Incorporated inGA6
  • Business address400 Galleria Parkway Se, Suite 300, Atlanta, Ga 303396
  • Filer categoryLarge Accelerated6
  • Legal formLimited Liability Company4
  • LEI529900IVEJ72I7MQ3Z144
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O CSC of Cobb County, Inc., 30060 Marietta, United States4
  • Registered withGeorgia Secretary of State Corporations Division, J2112484

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The Aaron's Company, Inc., commonly known as Aaron's, is an American lease-to-own retailer. The company focuses on leases and retail sales of furniture, electronics, appliances, and computers. The company sells through company-operated and franchised stores and its e-commerce platform.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

52.3%Gross margin9
0.6%Operating margin9
0.1%Net margin9
-4.9%Revenue growth, 20239
0.4%Return on equity9
0.27×Debt to equity9
$86.0MFree cash flow9

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue48¢$1.0B
  • Other costs51¢$1.1B
  • Interest1¢$15.5M
  • Income tax0¢$3.9M
  • Profit0¢$2.8M

Out of $2.1B in revenue.9

Where each dollar of operating cash went, fiscal 2023

  • Capital spending52¢$94.4M
  • Dividends paid8¢$15.0M
  • Share buybacks4¢$6.5M
  • Kept or used elsewhere36¢$64.5M

Out of $180.4M of cash from operations.9

Financial statements

Revenue1011129$2.1B in 2023+19% since 2018
0$1.0B$2.0B$3.0B2018: $1.8B$1.8B20182019: $1.8B$1.8B2019−1%2020: $1.7B$1.7B2020−3%2021: $1.8B$1.8B2021+6%2022: $2.2B$2.2B2022+22%2023: $2.1B$2.1B2023−5%
Gross profit1011129$1.1B in 2023+3% since 2018
0$500.0M$1.0B$1.5B2018: $1.1B$1.1B20182019: $1.1B$1.1B2019+2%2020: $1.1B$1.1B2020−3%2021: $1.2B$1.2B2021+7%2022: $1.2B$1.2B2022+0%2023: $1.1B$1.1B2023−4%
Operating income1011129$12.6M in 2023−88% since 2018
-$400.0M-$200.0M0$200.0M2018: $101.0M$101.0M20182019: $47.4M$47.4M2019−53%2020: -$386.0M-$386.0M20202021: $145.7M$145.7M20212022: -$2.5M-$2.5M20222023: $12.6M$12.6M2023
Net income1011129$2.8M in 2023−94% since 2018
-$300.0M-$200.0M-$100.0M0$100.0M$200.0M2018: $50.7M$50.7M20182019: $28.1M$28.1M2019−45%2020: -$265.9M-$265.9M20202021: $109.9M$109.9M20212022: -$5.3M-$5.3M20222023: $2.8M$2.8M2023
Fiscal year2017201820192020202120222023
Revenue$1.8B10$1.8B11$1.7B12$1.8B9$2.2B9$2.1B9
Cost of revenue$708.2M10$672.5M11$651.4M12$686.0M9$1.1B9$1.0B9
Gross profit$1.1B10$1.1B11$1.1B12$1.2B9$1.2B9$1.1B9
Operating expenses$1.0B11$1.2B9$1.1B9
Operating income$101.0M10$47.4M11-$386.0M12$145.7M9-$2.5M9$12.6M9
Interest$16.4M10$17.0M11$10.0M12$1.5M9$9.9M9$15.5M9
Income before tax$145.9M9-$14.7M9-$1.1M9
Income tax$12.9M10$6.2M11-$131.9M12$35.9M9-$9.5M9-$3.9M9
Net income$50.7M10$28.1M11-$265.9M12$109.9M9-$5.3M9$2.8M9
Earnings per share$1.5010$0.8311-$7.8512$3.339-$0.179$0.099
Earnings per share (diluted)$1.5010$0.8311-$7.8512$3.269-$0.179$0.099
Shares (weighted, basic)33.0M shares930.9M shares930.8M shares9
Shares (weighted, diluted)33.7M shares930.9M shares931.1M shares9

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Corporate structure

Aaron's, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Aaron's, Inc.

  • Barclays Filed SCHEDULE 13G/A on Aaron's, Inc., latest Mar 21, 2025 (4 filings since Feb 10, 2022)
  • VANGUARD GROUP INC Filed SC 13G/A on Aaron's, Inc., latest Nov 12, 2024 (6 filings since Feb 9, 2022)
  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on Aaron's, Inc., latest Oct 31, 2024 (2 filings since Feb 9, 2024)
  • BlackRock Filed SC 13G/A on Aaron's, Inc., latest Sep 10, 2024 (7 filings since Jan 26, 2022)
  • Copeland Capital Management, LLC Filed SC 13G on Aaron's, Inc., latest Jan 26, 2022
  • Aaron's, Inc. Atlanta, Georgia, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Aaron's, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$513.8M16 Dec 31, 2018$450.3M17 Dec 31, 2017+14.1%
Accumulated depreciation$284.3M16 Dec 31, 2018$242.6M17 Dec 31, 2017+17.2%
Property and equipment, net$237.7M16 Dec 31, 2019$229.5M16 Dec 31, 2018+3.6%
Finance-lease assets$768.0K16 Dec 31, 2019
Operating-lease assets (leased space)$329.2M16 Dec 31, 2019

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$57.8M16 Dec 31, 2019$15.3M16 Dec 31, 2018+278.0%
Loans, net of allowance$75.3M16 Dec 31, 2019$76.2M16 Dec 31, 2018−1.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$736.6M16 Dec 31, 2019$733.2M16 Dec 31, 2018+0.5%
Intangible assets, net (excluding goodwill)$190.8M16 Dec 31, 2019$228.6M16 Dec 31, 2018−16.5%
Finite-lived intangibles, gross$289.7M16 Dec 31, 2019$305.7M16 Dec 31, 2018−5.2%
Accumulated amortization$151.9M16 Dec 31, 2019$130.1M16 Dec 31, 2018+16.8%
Finite-lived intangibles, net$137.8M16 Dec 31, 2019$175.6M16 Dec 31, 2018−21.5%

The story

Aaron Rents, Inc. was founded by R. Charles Loudermilk, Sr. in 1955.

In September 2008, Aaron's announced the sale of its Corporate Furnishings division to CORT Business Services, part of Berkshire Hathaway. Aaron's Corporate Furnishings division, which operated 47 stores, recorded revenues of approximately $99 million in 2007.

As of December 31, 2016, Aaron's had 1,864 stores located in 28 states and the District of Columbia and Canada. In addition, they had 699 independently owned franchised stores in 46 states and Canada.

On July 29, 2020, Aaron's Holdings Company, Inc. announced plans to split into two companies: PROG Holdings, Inc. and The Aaron's Company, Inc. PROG Holdings, with the ticker symbol "PRG", remained in the S&P Midcap 400 stock index but its Global Industry Classification Standard was changed to "Consumer Finance". The Aaron's Company continued to trade under the ticker symbol "AAN" but was moved into the S&P Smallcap 600.

In April of 2022, Aaron's purchased Brandsmart USA, a regional appliance and consumer electronics retailer, for $230 Million.

On October 3, 2024, IQVentures completed the acquisition of the firm for approximately $504 million.

From Wikipedia’s article on Aaron's, shared under CC BY-SA 4.0.7

Leadership

Who has led Aaron's, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. R. Charles Loudermilk Sr.2006–2008
  2. John W. Robinson2014–2020
  3. Gilbert L. Danielson2014
  4. Ryan K. Woodley2015–2020
  5. Douglas A. Lindsay2020
  6. Steven A. Michaels2020
  7. Douglas A. Lindsay2020–2024

Chair

  1. R. Charles Loudermilk Sr.2006–2012

President

  1. Eduardo Quinones2006–2008
  2. William K. Butler Jr.2006–2008
  3. Steven A. Michaels2014–2020
  4. Douglas A. Lindsay2016–2020

Chief financial officer

  1. Gilbert L. Danielson2006–2015
  2. Steven A. Michaels2016–2020
  3. Christopher K. Wall2020
  4. Christopher K. Wall2020–2024

Chief operating officer

  1. William K. Butler Jr.2008–2013
  2. David L. Buck2013–2014
  3. Russell Falkenstein2023–2024
197019801990200020102020
Board members and other officers (44)

Products and brands

As of 31 December 2020, the Aaron's Company has 1,340 stores: 1,092 company-operated stores (in 43 states and Canada) and 248 independently owned and operated franchised stores in 35 states and Canada.

From Wikipedia’s article on Aaron's, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 99LTO, LLC Georgia8
  • Aaron Investment Company, LLC Delaware8
  • Aaron's Business Real Estate Holdings, LLC Georgia8
  • Aaron's US HoldCo, Inc. Georgia8
  • Aaron's, LLC Georgia8
  • Aaron’s Canada, ULC Canada8
  • Aaron’s Logistics, LLC Georgia8
  • Aaron’s Procurement Company, LLC Georgia8
  • Aaron’s Strategic Services, LLC Georgia8
  • BrandsMart Service, LLC Georgia8
  • BrandsMart U.S.A. of Clayton County, LLC Georgia8
  • BrandsMart U.S.A. of Georgia, LLC Georgia8
  • BrandsMart USA Dadeland, LLC Georgia8
  • BrandsMart USA of South Dade, LLC Georgia8
  • Envizzo, LLC Georgia8
  • Interbond Retail Solutions, LLC Georgia8
  • Interbond of America, LLC Georgia8
  • Retail RTO Solutions, LLC Georgia8
  • Woodhaven Furniture Industries, LLC Georgia8

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • AARON RENTS INCFeb 14, 1995 to May 6, 20096

Timeline

  1. Oct 4, 20248-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights77
  2. Oct 3, 20248-K Regulation FD disclosure78
  3. Oct 3, 20248-K Regulation FD disclosure79
  4. Sep 25, 20248-K Shareholder vote80
  5. Sep 12, 20248-K Other events81
  6. Sep 6, 20248-K Financial statements and exhibits82
  7. Aug 5, 20248-K Results of operations; Other events83
  8. Jun 17, 20248-K Entered a material agreement; Executive or director change; Regulation FD disclosure84
  9. May 16, 20248-K Shareholder vote85
  10. May 6, 20248-K Results of operations; Regulation FD disclosure; Other events86
  11. Feb 26, 20248-K Entered a material agreement; Results of operations; New debt or obligation87
  12. Nov 8, 20238-K Other events88
  13. Nov 19, 2020New chief executive Douglas A. Lindsay becomes CEO20
  14. Aug 4, 2020New chief executive Steven A. Michaels becomes CEO19
  15. Aug 4, 2020New chief executive Douglas A. Lindsay becomes CEO18
  16. Jan 16, 2015New chief executive Ryan K. Woodley becomes CEO21
  17. Sep 4, 2014New chief executive Gilbert L. Danielson becomes CEO23
  18. Apr 23, 2014New chief executive John W. Robinson becomes CEO22
  19. Apr 12, 2006New chief executive R. Charles Loudermilk Sr. becomes CEO24
  20. Nov 6, 1992Went public Listed on NYSE1
  21. 1955Founded Founded1

Calendar

When it reported results

  1. Aug 5, 2024Reported quarterly or annual results83
  2. May 6, 2024Reported quarterly or annual results86
  3. Feb 26, 2024Reported quarterly or annual results87
  4. Oct 23, 2023Reported quarterly or annual results89
  5. Jul 31, 2023Reported quarterly or annual results90
  6. Apr 24, 2023Reported quarterly or annual results91
  7. Mar 1, 2023Reported quarterly or annual results92
  8. Oct 24, 2022Reported quarterly or annual results93

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

189 filings to the SEC since October 2021: 3 annual reports, 9 quarterly reports, 36 major events, 83 insider forms, 20 large holders, 38 other. The latest 20:

  1. Mar 21, 2025SCHEDULE 13G/A EDGAR
  2. Nov 12, 2024SC 13G/A EDGAR
  3. Nov 12, 2024SCHEDULE 13G EDGAR
  4. Nov 4, 2024SC 13G/A EDGAR
  5. Nov 4, 2024SC 13G EDGAR
  6. Oct 31, 2024SC 13G/A SEC SCHEDULE 13G EDGAR
  7. Oct 15, 202415-12G EDGAR
  8. Oct 7, 20244 EDGAR
  9. Oct 7, 20244 EDGAR
  10. Oct 7, 20244 EDGAR
  11. Oct 7, 20244 EDGAR
  12. Oct 7, 20244 EDGAR
  13. Oct 7, 20244 EDGAR
  14. Oct 7, 20244 EDGAR
  15. Oct 7, 20244 EDGAR
  16. Oct 7, 20244 EDGAR
  17. Oct 7, 20244 EDGAR
  18. Oct 7, 20244 EDGAR
  19. Oct 7, 20244 EDGAR
  20. Oct 7, 20244 EDGAR

The 189 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Mar 23, 2020David B. McKinley, HouseSale$1,001 - $15,000Report
Mar 9, 2020David B. McKinley, HouseSale$1,001 - $15,000Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Aaron's, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAARON'S INC2
  • CIK0000706688
  • Employer ID (EIN)58-06876302
  • Filer statusLarge accelerated2
  • Incorporated inGeorgia2
  • Fiscal year endsDecember 312
  • Industry code (SIC)7359 Services-Equipment Rental & Leasing, NEC2
  • Business address400 Galleria Parkway Se, Suite 300, Atlanta, GA 303392
  • Phone678-402-30002
  • Shares outstanding67,140,559 as of Jul 22, 202099
  • Public float$2.6B as of Jun 30, 2019100
  • On EDGAR sinceFeb 13, 19952
  • Filings1,808 in all: 4 (976), 8-K (194), 5 (121), SC 13G/A (98), 10-Q (77), SC 13G (49), 4/A (47), 3 (28)2
    All 44 form types

    DEF 14A (26), 10-K (24), SC 13D/A (23), 11-K (19), UPLOAD (16), CORRESP (14), DEFA14A (13), S-8 (9), S-8 POS (9), PRE 14A (7), SD (7), 8-K/A (5), DFAN14A (5), PRER14A (5), 10-K/A (4), ARS (3), 10-K405 (2), 10-Q/A (2), 15-12B (2), 25-NSE (2), 8-A12B (2), PREC14A (2), S-3 (2), S-3/A (2), SC 13D (2), 10-C (1), 11-K/A (1), 3/A (1), 424B1 (1), 424B4 (1), 424B5 (1), 8-A12B/A (1), DEFM14A (1), FWP (1), PREM14A (1), S-3ASR (1)

  • Latest filingsAnnual report (10-K) Feb 20, 2020
    Quarterly report (10-Q) Jul 29, 2020
    Proxy statement (DEF 14A) Mar 28, 2019
    Latest 8-K (8-K) Oct 16, 2020

Sources

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