AAON on Nasdaq

AAON

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons6

HVAC manufacturing company

AAON, Inc. manufactures heating, ventilation, and air conditioning equipment for commercial and industrial indoor environments. AAON is headquartered in Tulsa, Oklahoma and has manufacturing facilities in Longview, TX, Parkville, MO, and Redmond, OR. AAON employs approximately 4,000 people worldwide and has annual sales in excess of $880 million.3 Wikipedia text CC BY-SA 4.0

$77.53 down 3.00 (3.73%)Price as of Oct 15, 2026 at 14:59 UTC

Last updated Oct 21, 2026.

Overview

1988Founded1

Compare with Lennox International, Carrier Corporation or Johnson Controls, or pick any stock.

  • TickerAAON on Nasdaq1
  • Industrycentral heating1
  • HeadquartersTulsa1
  • Websitewww.aaon.com
  • Incorporated inNV7
  • Business address2425 South Yukon Ave., Tulsa, Ok 741077
  • Filer categoryLarge accelerated filer7
  • Legal formCorporation4
  • LEI549300ZHF0E5VM7PUD374
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O LUKE A BOMER, 74136 Tulsa, United States4
  • Registered withBusiness Filing Department (Oklahoma Secretary of State), 19004704064

AAON, Inc. manufactures heating, ventilation, and air conditioning equipment for commercial and industrial indoor environments. AAON is headquartered in Tulsa, Oklahoma and has manufacturing facilities in Longview, TX, Parkville, MO, and Redmond, OR. AAON employs approximately 4,000 people worldwide and has annual sales in excess of $880 million.3

Financials

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

Key numbers, fiscal 2025

26.7%Gross margin10
10.1%Operating margin10
7.5%Net margin10
20.1%Revenue growth, 202510
12.0%Return on equity10

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

AAON Products brought in 59% of the revenue AAON broke down this way in fiscal 2025.

  1. AAON Products$894.3M1059%down 8% from 2024
  2. BASX Products$547.8M1036%up 143% from 2024
  3. Part Sales$80.2M105%up 4% from 2024
Products and services by year
Products and services202320242025
AAON Products$1.0B$975.6M$894.3M
BASX Products$166.5M$225.0M$547.8M
Part Sales$67.7M$76.9M$80.2M

Business segments

AAON Oklahoma brought in 56% of the revenue AAON broke down this way in fiscal 2025.

  1. AAON Oklahoma$801.2M1056%down 7% from 2024
  2. AAON Coil Products$325.4M1023%up 126% from 2024
  3. BasX$315.5M1022%up 59% from 2024
Business segments by year
Business segments202320242025
AAON Oklahoma$897.9M$858.7M$801.2M
AAON Coil Products$112.3M$143.9M$325.4M
BasX$158.3M$198.1M$315.5M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue71¢$1.1B
  • Research and development4¢$58.2M
  • Selling, general and admin16¢$239.5M
  • Income tax1¢$21.2M
  • Profit7¢$107.6M

Out of $1.4B in revenue.10

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid100¢$32.6M

Out of $534.0K of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.10

Financial statements

Revenue1112131410$1.4B in 2025+207% since 2019
0$500.0M$1.0B$1.5B2019: $469.3M$469.3M20192020: $514.6M$514.6M2020+10%2021: $534.5M$534.5M2021+4%2022: $888.8M$888.8M2022+66%2023: $1.2B$1.2B2023+31%2024: $1.2B$1.2B2024+3%2025: $1.4B$1.4B2025+20%
Gross profit1112131410$385.7M in 2025+223% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $119.4M$119.4M20192020: $155.8M$155.8M2020+30%2021: $137.8M$137.8M2021−12%2022: $237.6M$237.6M2022+72%2023: $399.0M$399.0M2023+68%2024: $397.1M$397.1M2024−0%2025: $385.7M$385.7M2025−3%
Operating income1112131410$146.2M in 2025+118% since 2019
0$100.0M$200.0M$300.0M2019: $67.0M$67.0M20192020: $101.8M$101.8M2020+52%2021: $69.3M$69.3M2021−32%2022: $126.8M$126.8M2022+83%2023: $227.5M$227.5M2023+79%2024: $209.1M$209.1M2024−8%2025: $146.2M$146.2M2025−30%
Net income1112131410$107.6M in 2025+100% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $53.7M$53.7M20192020: $79.0M$79.0M2020+47%2021: $58.8M$58.8M2021−26%2022: $100.4M$100.4M2022+71%2023: $177.6M$177.6M2023+77%2024: $168.6M$168.6M2024−5%2025: $107.6M$107.6M2025−36%

Every line of the income statement as filed: the last 3 fiscal years, latest first.10

Period ending2025-12-312024-12-312023-12-31
Net sales$1.4B$1.2B$1.2B
Cost of sales$1.1B$803.5M$769.5M
Gross profit$385.7M$397.1M$399.0M
Selling, general and administrative expenses$239.5M$188.0M$171.5M
Gain on disposal of assets-$4.0K-$23.0K-$13.0K
Income from operations$146.2M$209.1M$227.5M
Interest expense-$17.7M-$2.9M-$4.8M
Other income, net$230.0K$378.0K$503.0K
Income before taxes$128.8M$206.6M$223.2M
Income tax provision$21.2M$38.0M$45.5M
Net income$107.6M$168.6M$177.6M
Basic (usd per share)$1.32$2.07$2.19
Diluted (usd per share)$1.29$2.02$2.13
Cash dividends declared per common share (in dollars per share)$0.40$0.32$0.32
Basic (in shares)81.5M shares81.5M shares81.2M shares
Diluted (in shares)83.1M shares83.6M shares83.3M shares

Compare AAON with another company

Corporate structure

AAON sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of AAON

  • AAON Tulsa, Oklahoma, United States
    • AAON Coil Products, Inc. Subsidiary · Texas, United States
    • BASX, Inc. Subsidiary · Oregon, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What AAON 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
Computer equipment and software$16.9M10 Dec 31, 2025$11.7M14 Dec 31, 2024+44.0%
Property and equipment, before depreciation$1.0B10 Dec 31, 2025$820.0M10 Dec 31, 2024+22.4%
Accumulated depreciation$372.5M10 Dec 31, 2025$309.6M10 Dec 31, 2024+20.3%
Property and equipment, net$631.3M10 Dec 31, 2025$510.4M10 Dec 31, 2024+23.7%
Operating-lease assets (leased space)$18.0M10 Dec 31, 2025$15.4M10 Dec 31, 2024+16.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$13.0K10 Dec 31, 2025$14.0K10 Dec 31, 2024−7.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$83.9M10 Dec 31, 2025$78.3M10 Dec 31, 2024+7.2%
Finite-lived intangibles, gross$52.5M10 Dec 31, 2025$52.0M14 Dec 31, 2024+1.0%
Accumulated amortization-$25.5M10 Dec 31, 2025-$18.6M10 Dec 31, 2024−37.1%
Finite-lived intangibles, net$69.3M10 Dec 31, 2025$63.7M10 Dec 31, 2024+8.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$261.2M10 Dec 31, 2025$187.4M10 Dec 31, 2024+39.3%
Raw materials$265.4M10 Dec 31, 2025$192.1M10 Dec 31, 2024+38.1%
Work in process$475.0K10 Dec 31, 2025$20.0K10 Dec 31, 2024+2275.0%
Finished goods$593.0K10 Dec 31, 2025$456.0K10 Dec 31, 2024+30.0%

Properties, in its own words

Our manufacturing areas are heavy industrial-type buildings, with some coverage by overhead cranes, containing manufacturing equipment designed for sheet metal fabrication, metal stamping and tube forming. The manufacturing equipment contained in the facilities consists primarily of automated sheet metal fabrication equipment, supplemented by presses and tube bending equipment. Assembly lines consist of cart-type and roller-type conveyor lines with variable line speed adjustment. Subassembly areas and production line manning are based upon line rates set by production management.

We own or lease our properties and facilities, as further described below. We believe that all of our facilities are well maintained and are in good condition and suitable for the conduct of our business.

The rest of Item 2

AAON Oklahoma

The following table summarizes our plant and office facilities that support our AAON Oklahoma segment:

Owned facilities · (in square feet)

West Plant & Offices · Tulsa, OK · 1 · 940,000 · 70,000 · 1,010,000

NAIC · Tulsa, OK · 1 · 125,000 · 9,000 · 134,000

Exploration Center · Tulsa, OK · 1 · — · 28,000 · 28,000

Buckaloo Warehouse · Tulsa, OK · 1 · 39,000 · 1,000 · 40,000

East Plant & Offices · Tulsa, OK · 1 · 326,000 · 16,000 · 342,000

Flint Warehouse · Tulsa, OK · 1 · 48,000 · 5,000 · 53,000

Administration Facilities · Tulsa, OK · 3 · — · 47,000 · 47,000

Parts Retail Store · Tulsa, OK · 1 · 7,500 · 6,000 · 13,500

Memphis Plant · Memphis, TN · 1 · 702,000 · 85,000 · 787,000

Total · 11 · 2,187,500 · 267,000 · 2,454,500

Leased facilities

Controls Facility · Parkville, MO · 1 · 38,000 · 48,000 · 86,000

Parts Distribution · Tulsa, OK · 1 · 347,000 · 9,000 · 356,000

Total · 2 · 385,000 · 57,000 · 442,000

Our West Plant and Office facilities, NAIC, Exploration Center, and Buckaloo Warehouse sit on an approximately 87.3-acre tract of land and are located at 2440 South Yukon Ave., Tulsa, OK 74107. Our East Plant and Office facilities sit on an approximate 32.7-acre tract of land and are located at 2425 South Yukon Ave., Tulsa, OK 74107.

Our Tulsa location is also home to our engineering research and development laboratory, the NAIC. The three-story, stand-alone facility is both an acoustical and a performance measuring laboratory. This facility currently consists of twelve test chambers, allowing AAON to meet and maintain industry certifications. This facility is located west of our West Plant and Office Facilities.

The Gary D. Fields Exploration Center is located adjacent to the NAIC. The three-story Gary D. Fields Exploration Center provides an immersive and educational experience of our products, solutions, and our people and also serves as an event hub for our stakeholders, including our customers, employees, representatives, and investors. The Gary D. Fields Exploration Center adds a dimension of customer engagement that showcases our products and our competitors’ products and allows our customers to interact with our products and employees.

We also own two additional warehouses. Our Buckaloo Warehouse is west of our West Plant and Offices. Our Flint Warehouse is located approximately 3/4 of a mile east of our West and East Plant locations at 2020 South Union Ave., Tulsa, OK 74107 and sits on approximately 5.5 acres.

Our Administration Facilities are located approximately 3/4 of a mile east of our West and East Plant locations at 1624 - 1625 West 21st St., Tulsa, OK 74107. These facilities sit on approximately 3.6 acres. The facilities include additional office and meeting space utilized for company-wide administrative, human resource, and training functions. Our new Human Resources building, which opened in January 2025, enhances our engagement with current and future employees. We also have an 11,000 SF technical training facility named the “AAON Academy”. This space has a combination of classrooms, offices, and a hands-on HVAC training lab.

In addition to a retail parts store location at our West Plant & Offices, we also own a stand-alone building at 9528 East 51st St., Tulsa, OK 74145 which is utilized as an additional retail parts store to provide our customers more accessibility to our products.

In December 2024, we purchased a facility in Memphis, Tennessee located at 5106 Tradeport Drive, Memphis, TN 38141. This facility, which sits on 35.7 acres, will primarily facilitate the growing demand for BASX products in the data center market as well as AAON products and will also add geographic diversification to AAON's current manufacturing footprint, mitigating certain operational risks and better serving our data center customers.

Our operations in Parkville, Missouri, are conducted in a leased plant/office at 8500 NW River Park Drive, Parkville, MO 64152. This location is home to our Controls design and manufacturing facilities.

We also lease a facility primarily used for parts distribution and additional warehouse space. This facility is located at 13445 E. 59th St., Tulsa, OK 74134.

AAON Coil Products

Owned facilities · (in square feet)

West Plant & Offices · Longview, TX · 1 · 435,500 · 24,000 · 459,500

East Plant & Offices · Longview, TX · 1 · 256,000 · 7,000 · 263,000

Parts Store · Longview, TX · 1 · 5,000 · — · 5,000

Kodak Facility · Longview, TX · 4 · 62,000 · 2,000 · 64,000

Total · 7 · 758,500 · 33,000 · 791,500

Both our East and West Plant and Office facilities are located at 203 Gum Springs Road, Longview, TX 75602. Our East Plant and Offices sit on approximately 12.9 acres and our West Plant and Offices sit on approximately 22.6 acres. In January 2025, we completed our new expansion of the West Plant which added 225,500 square feet of manufacturing/warehouse space and 12,000 of office space. The new expansion is included in the table amounts above.

Item 2 of the 10-K filed Mar 2, 2026.18

The story

AAON was founded in 1988 when Norman H. Asbjornson set out to create a commercial HVAC company that designed and manufactured semi-custom equipment. Asbjornson purchased the heating and air-conditioning division of John Zink and created a new company called AAON. The name ensured the company would be listed first in the phone directories.

In 2000, AAON began to manufacture equipment in Longview and in 2019, broke ground on a facility expansion as part of a $28-million-dollar investment in the plant. Further expansion in Longview commenced in 2019 with the completion of a 220,000-square foot building, an additional $40 million investment. In 2023, the Longview Economic Development Corp. approved a second $40 million expansion and is scheduled to be completed in 2024.

From Wikipedia’s article on AAON, shared under CC BY-SA 4.0.8

Leadership

Who has led AAON, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (33)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerDavid E Benson named Apr 2, 202462
  • Executive OfficerLarry G Stewart named Mar 15, 202263
  • DirectorPaul K Lackey, Jr. named Mar 15, 202263

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • AAON Coil Products, Inc. Texas9
  • AAON, Inc. Oklahoma9
  • BASX, Inc. Oregon9

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

Acquisitions

In 1991, AAON acquired Coils Plus in Longview, TX, initially only committed to manufacturing HVAC coils.

In 2018, AAON acquired Missouri-based WattMaster Controls (WCI) and entered a lease of the facility previously occupied by WCI.

In 2021, AAON acquired Oregon-based BASX Solutions (BASX). BASX designs and manufactures premium, highly customized commercial HVAC equipment for data centers, clean rooms, and other niche applications.

From Wikipedia’s article on AAON, shared under CC BY-SA 4.0.8

Former names

  • AAON INCNov 13, 1995 to Jul 1, 20197

Timeline

  1. Aug 28, 20268-K Regulation FD disclosure; Other events64
  2. Aug 13, 20268-K Other events65
  3. Aug 10, 20268-K Results of operations; Regulation FD disclosure66
  4. Jul 30, 20268-K Executive or director change; Bylaws or fiscal year changed67
  5. Jun 8, 20268-K Regulation FD disclosure68
  6. May 18, 20268-K Shareholder vote; Other events69
  7. May 7, 20268-K Results of operations; Regulation FD disclosure; Other events70
  8. Apr 2, 20268-K Executive or director change71
  9. Mar 5, 20268-K Other events72
  10. Mar 2, 20268-K Results of operations; Regulation FD disclosure; Other events73
  11. Dec 29, 20258-K Entered a material agreement; New debt or obligation74
  12. Dec 1, 20258-K Executive or director change75
  13. May 15, 2025New chief executive Matthew Joseph Tobolski becomes CEO19
  14. May 13, 2020New chief executive Gary D. Fields becomes CEO20
  15. Nov 10, 2016New chief executive Norman H. Asbjornson becomes CEO21
  16. 1988Founded Founded1

Calendar

Coming up

  1. Nov 5, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.37 a share, on Nov 6, 2025.76

When it reported results

  1. Aug 10, 2026Reported quarterly or annual results66
  2. May 7, 2026Reported quarterly or annual results70
  3. Mar 2, 2026Reported quarterly or annual results73
  4. Nov 6, 2025Reported quarterly or annual results77
  5. Aug 11, 2025Reported quarterly or annual results78
  6. May 1, 2025Reported quarterly or annual results79
  7. Feb 27, 2025Reported quarterly or annual results80
  8. Nov 7, 2024Reported quarterly or annual results81

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

Filings

565 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 74 major events, 364 insider forms, 26 large holders, 3 private raises, 78 other. The latest 20:

  1. Sep 16, 20264 EDGAR
  2. Sep 8, 2026SCHEDULE 13G/A EDGAR
  3. Sep 2, 20264 EDGAR
  4. Sep 1, 20264 EDGAR
  5. Sep 1, 20264 EDGAR
  6. Aug 31, 20264 EDGAR
  7. Aug 28, 20268-K EDGAR
  8. Aug 13, 2026SCHEDULE 13G/A EDGAR
  9. Aug 13, 20268-K EDGAR
  10. Aug 10, 202610-Q EDGAR
  11. Aug 10, 20268-K EDGAR
  12. Aug 6, 20263 EDGAR
  13. Aug 6, 20263 EDGAR
  14. Jul 30, 20268-K EDGAR
  15. Jun 8, 20268-K EDGAR
  16. Jun 5, 20264 EDGAR
  17. Jun 1, 20264 EDGAR
  18. Jun 1, 20264 EDGAR
  19. May 29, 2026144 EDGAR
  20. May 29, 2026SD EDGAR

The 565 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.

Insider trades

119 open-market trades by officers, directors and large owners since October 2021: 9 buys and 110 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 15, 2026Stewart David RaymondDirectorBuy1,000$74.66$74.7KForm 4
Aug 28, 2026Shaub MatthewExecutive Vice PresidentBuy457$76.42$34.9KForm 4
Jun 2, 2026Thompson RebeccaChief Accounting OfficerSale4,230$143.42$606.7KForm 4
May 29, 2026Fields Gary DDirectorSale19,000$140.20$2.7MForm 4
May 26, 2026Wichman Gordon DouglasExecutive Vice PresidentSale3,000$140.39$421.2KForm 4
May 26, 2026Fields Gary DDirectorSale21,173$140.34$3.0MForm 4
May 14, 2026Kidwell CaseyChief Administration OfficerSale3,153$138.30$436.1KForm 4
May 13, 2026Tobolski Matthew JosephChief Executive OfficerSale8,000$135.37$1.1MForm 4
May 13, 2026Fields Gary DDirectorSale19,081$137.60$2.6MForm 4
May 12, 2026Fields Gary DDirectorSale31,271$134.07$4.2MForm 4
May 7, 2026Thompson RebeccaChief Accounting OfficerSale9,672$136.59$1.3MForm 4
Apr 27, 2026Thompson RebeccaChief Accounting OfficerSale400$100.27$40.1KForm 4
Apr 24, 2026Thompson RebeccaChief Accounting OfficerSale21,914$100.21$2.2MForm 4
Apr 24, 2026Thompson RebeccaChief Accounting OfficerSale21,914$100.21$2.2MForm 4
Apr 23, 2026Thompson RebeccaChief Accounting OfficerSale7,292$100.10$729.9KForm 4
Apr 23, 2026Thompson RebeccaChief Accounting OfficerSale7,292$100.10$729.9KForm 4
Apr 21, 2026Thompson RebeccaChief Accounting OfficerSale2,287$100.11$229.0KForm 4
Apr 21, 2026Thompson RebeccaChief Accounting OfficerSale2,287$100.11$229.0KForm 4
Mar 12, 2026Kidwell CaseyChief Administration OfficerSale5,225$90.00$470.2KForm 4
Dec 12, 2025Wakefield Stephen EBuy5,141$78.22$402.1KForm 4

All 119 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

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.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Matthew J. TobolskiChief Executive Officer$712.9K$3.7M87
2025Gary D. FieldsSpecial Advisor to the Board$647.1K$1.6M87
2025Rebecca A. ThompsonChief Financial Officer and Treasurer$442.3K$1.1M87
2025Stephen E. WakefieldExecutive Vice-President and General Manager, AAON Business Unit$400.0K$906.0K87
2025Casey R. KidwellChief Administrative Officer$365.4K$794.7K87
2025Matthew J. ShaubExecutive Vice-President and General Manager, BASX Business Unit$346.8K$734.6K87
2024Gary D. FieldsSpecial Advisor to the Board$790.4K$4.1M87
2024Matthew J. TobolskiChief Executive Officer$503.5K$1.5M87
2024Rebecca A. ThompsonChief Financial Officer and Treasurer$403.3K$1.2M87
2024Stephen E. WakefieldExecutive Vice-President and General Manager, AAON Business Unit$398.7K$1.1M87
2023Gary D. FieldsSpecial Advisor to the Board$745.2K$5.0M87
2023Rebecca A. ThompsonChief Financial Officer and Treasurer$369.2K$1.4M87
2023Stephen E. WakefieldExecutive Vice-President and General Manager, AAON Business Unit$327.1K$1.2M87

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Apr 2, 2024Filed a private offering of equity Form D: $14.2 million offered in all Form D
  2. Mar 10, 2023Filed a private offering of equity Form D: $29.2 million offered in all Form D
  3. Mar 15, 2022Filed a private offering of equity Form D: $36.6 million offered in all Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.6,686,241$848.2M0.0%+125,819
Wellington Management Group Llp5,772,476$732.3M0.1%−2,204,688
Vanguard Capital Management LLC3,121,771$396.0M0.0%+22,650
Vanguard Portfolio Management LLC2,938,836$372.8M0.0%+30,745
State Street Corp2,625,540$333.1M0.0%+562,926
Wasatch Advisors LP2,338,517$296.7M1.9%+70,399
First Trust Advisors LP1,579,172$200.3M0.1%−434,043
Blair William & Co/il1,533,434$194.5M0.5%−88,769
Geode Capital Management, LLC1,432,938$181.8M0.0%+6,136
Dimensional Fund Advisors LP1,352,956$171.6M0.0%−31,876
Geneva Capital Management LLC1,200,842$152.3M3.5%−520,789
Morgan Stanley1,121,413$142.3M0.0%−132,990
Capital World Investors1,102,743$139.9M0.0%−161,535
Franklin Resources Inc1,023,955$129.9M0.0%−195,305
Conestoga Capital Advisors, LLC1,015,825$128.9M2.8%−254,412
Jane Street Group, LLC973,933$123.6M0.1%+964,600
Fuller & Thaler Asset Management, Inc.917,551$116.4M0.3%New
Pictet Asset Management Holding SA883,740$112.1M0.1%+212,528
Kayne Anderson Rudnick Investment Management LLC878,950$111.5M0.3%−185,195
Mawer Investment Management Ltd.855,173$108.5M0.7%+6,590
Spyglass Capital Management LLC776,629$98.5M5.3%−82,211
Copeland Capital Management, LLC750,196$95.2M2.0%−37,421
Charles Schwab Investment Management Inc724,376$91.9M0.0%−4,802
Northern Trust Corp701,585$89.0M0.0%−41,900
Bokf, Na681,598$86.5M1.2%−80

13F reports cover disclosed long positions in U.S. stocks only.

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
Jan 13, 2025Robert P. Bresnahan, Jr.Republican, HouseSale$1,001 - $15,000+73.0%Report
Jan 13, 2025Robert P. Bresnahan, Jr.Republican, HouseSale$1,001 - $15,000+73.0%Report

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

SEC filer profile

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

  • Name on EDGARAAON, INC.2
  • CIK0000824142
  • Employer ID (EIN)87-044873618
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company18
  • Incorporated inNevada18
  • Fiscal year endsDecember 312
  • Industry code (SIC)3585 Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business address2425 South Yukon Ave., Tulsa, OK 741072
  • Phone91858322662
  • Shares outstanding82,453,639 as of Aug 6, 202616
  • Public float$5.0B as of Jun 30, 202518
  • AuditorGRANT THORNTON LLP, Tulsa, Oklahoma PCAOB ID 248; it also attests to the company’s internal control over financial reporting18
  • On EDGAR sinceNov 13, 19952
  • Filings1,618 in all: 4 (893), 8-K (196), 10-Q (93), SC 13G/A (72), 4/A (56), 144 (55), 3 (32), DEF 14A (32)2
    All 35 form types

    10-K (31), SC 13G (25), UPLOAD (23), ARS (16), CORRESP (16), SD (13), DEFA14A (8), S-8 (8), SCHEDULE 13G/A (8), SC 13D/A (7), DFAN14A (6), PRE 14A (5), 3/A (3), D (3), 10-K/A (2), 8-K/A (2), PRRN14A (2), S-8 POS (2), 10-Q/A (1), 5 (1), 8-A12G (1), 8-A12G/A (1), DEFC14A (1), PREC14A (1), PRER14A (1), SC 13D (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 2, 2026
    Quarterly report (10-Q) Aug 10, 2026
    Proxy statement (DEF 14A) Apr 1, 2026
    Latest 8-K (8-K) Aug 28, 2026

Securities registered for trading

ClassSymbolExchange
Common StockAAONNASDAQ

From the cover page of the 10-K filed Mar 2, 2026 (Section 12(b) of the Exchange Act).18

Risk factors and legal proceedings

The risks AAON names in Item 1A of its 10-K filed Mar 2, 2026: 24 risks under these headings, as written.18

  • Risks Related to Our Business
  • Our business, results of operations and financial condition may be disrupted and adversely affected by public health pandemics.
  • Our business can be hurt by economic conditions.
  • Our results of operations and financial condition could be negatively impacted by the loss of one or more major customers.
  • We may not realize all of the sales expected from our backlog of orders and contracts.
  • Our results of operations and financial condition could be negatively impacted by the loss of a major third-party representative.
  • We may incur material costs as a result of warranty and product liability claims that would negatively affect our profitability.
  • We depend on our officers and senior leadership team and the loss of one or more key employees or an inability to attract and retain highly skilled employees could adversely affect our business.
  • Operations may be affected by natural disasters, especially since most of our operations are performed at a single location.
  • If we are unable to hire, develop or retain employees, it could have an adverse effect on our business.
  • Variability in self-insurance liability estimates could impact our results of operations.
  • Risks Related to Our Brand and Product Offerings
The other 14 risks
  • We may not be able to compete favorably in the highly competitive HVAC business.
  • We may not be able to successfully develop and market new products.
  • The length of the sales cycle for certain BASX-branded products and solutions offerings, as well as unpredictable placing or canceling of customer orders, particularly large orders, may cause our revenues and operating results to vary significantly from period-to-period, which could make our future operational results less predictable.
  • Risks Related to Material Sourcing and Supply
  • We may be adversely affected by problems in the availability, or increases in the prices, of raw materials and components.
  • We risk having losses resulting from the use of non-cancellable contracts.
  • Risks Related to Electronic Data Processing and Digital Information
  • We are reliant on information technology.
  • Artificial intelligence technologies may introduce operational, cybersecurity, reputational, and compliance risks that could adversely affect our business.
  • Complications with the design or implementation of our new enterprise resource planning system could adversely impact our business and operations.
  • Risks Related to Governmental Regulation and Policies
  • Exposure to environmental liabilities could adversely affect our results of operations.
  • We are subject to potentially extreme governmental regulations and policies.
  • We are subject to adverse changes in tax laws.
  • We are subject to international regulations that could adversely affect our business and results of operations.
  • Changes in legislation or government regulations or policies could adversely affect our results of operations.
  • Changes in U.S. or foreign trade policies, including additional tariffs or global trade conflicts, could increase the cost of our products, which could adversely impact the competitiveness of our products.

Legal proceedings

See Note 20 of the Consolidated Financial Statements.

The opening of Item 3, Legal Proceedings.18

Sources

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