AAON · Aaon, Inc.
3 customers — 10% of revenue (the year ended December 31, 2025)
“For the years ended December 31, 2025, 2024, and 2023, the Company had three, two and three customers, respectively, that were 10 percent or greater concentrations of revenue.”
3 customers — 10% of receivables (December 31, 2025)
“At December 31, 2025 and December 31, 2024, the Company had three customers that were 10 percent or greater concentrations of accounts receivable.”
Price & Indicators
Raw chart and full-history price indicators begin at the captured split on Aug 17, 2023; bars on opposite sides are not compared.
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| AAON-branded products backlog | $540.47M | June 30, 2026 | — |
| BASX-branded products backlog | $1.43B | June 30, 2026 | — |
| Non-GAAP adjusted EPS non-GAAP | $0.69 | Q2 2026 | — |
| Total backlog | $1.97B | Q2 2026 | — |
| AAON-branded equipment backlog increased | 60.8% | Full Year 2025 | — |
| AAON-branded equipment sales | 9.5% | fourth quarter of 2025 | — |
| AAON-branded products | $526.35M | December 31, 2025 | — |
| Adjusted EBITDA margin non-GAAP | 15.2% | Three Months Ended December 31, 2025 | — |
| Adjusted EBITDA, a non-GAAP measure non-GAAP | 64.44M | Three Months Ended December 31, 2025 | — |
| backlog | 60.8% | Full Year 2025 | — |
| BASX-branded equipment sales | 138.8% | fourth quarter of 2025 | — |
| BASX-branded products | $1.3B | December 31, 2025 | — |
| EBITDA, a non-GAAP measure non-GAAP | 64.44M | Three Months Ended December 31, 2025 | — |
GAAP → non-GAAP reconciliationGAAP Net income, a GAAP measure 32.03M
+20.35M Depreciation and amortization
+5.76M Interest expense, net
+6.29M Income tax expense
= EBITDA, a non-GAAP measure 64.44M
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| manufacturing footprint | 25% | Full Year 2025 | — |
| Non-GAAP adjusted earnings per diluted share non-GAAP | $0.39 | Three Months Ended December 31, 2025 | — |
| Non-GAAP adjusted net income non-GAAP | 32.03M | Three Months Ended December 31, 2025 | — |
| Non-GAAP adjusted SG&A expenses as a percent of sales non-GAAP | 15.5% | Q4 2025 | — |
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Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Building Products & Equipment — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
AAON
this stock
Aaon, Inc.
|
$6.58B | +4.6% | +20.1% | 41.8 | 5.2% |
|
TT
Trane Technologies plc
|
$101.96B | +19.1% | +5.6% | 35.1 | 1.3% |
|
JCI
Johnson Controls International plc
|
$86.53B | +20.5% | -4.2% | 25.7 | 1.6% |
|
CARR
CARRIER GLOBAL Corp
|
$48.85B | +11.2% | -3.3% | 38.4 | 1.8% |
|
CODGF
Compagnie De Saint Gobain
|
$45.24B | -8.3% | — | — | 0.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
Raw-price comparisons begin at the captured split on Aug 17, 2023; windows that need an earlier baseline remain unavailable.
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| AAON | -1.5% | -6.0% | -13.7% | -10.4% | +4.6% |
| SPY | -0.4% | +5.0% | +12.4% | +2.6% | +12.3% |
| vs SPY | -1.1% | -11.0% | -26.1% | -13.0% | -7.7% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.