10-QAir-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip

AAON, INC.

AAON · Period ending 2026-03-31 · Filed 2026-05-07

Valuation

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip
Live · Yahoo Finance

Price

$132.05

52-Week Range

$62.00$132.05 now$150.46

Decision Context

Below-average scores in Cashflow. The data points to fundamental challenges that outweigh near-term macro considerations.

Based on filing period ending Mar 2026

FisclearScore is a quantitative model using public financial data and sector median benchmarks (refreshed monthly). Not financial advice. Always conduct independent due diligence.

AAON vs

Macro Context

SWOT Analysis — AAON

Inflationary Boom
Macro lens (Inflationary Boom): Rising costs and tighter margins amplify financial risks in this regime.

Strengths

  • Total Assets: $1.7B (+43.5% YoY) — Total assets grew 44% — the company's resource base expanded.

  • Revenue: $1.4B (+20.1% YoY) — Revenue grew 20% — the company sold more goods or services than the prior year.

Weaknesses

  • Operating Cash Flow: $534,000 (-99.7% YoY) — Operating cash flow fell 100% but remained positive.

  • Net Income: $107.6M (-36.2% YoY) — Profit fell 36% but remained positive.

  • EPS (Diluted): $1.29 (-36.1% YoY) — Earnings per share fell 36%.

  • Stock is near its 52-week high (149.00) — the price reflects strong recent momentum, but entry risk is elevated at these levels.

Opportunities

No clear opportunities identified at this time.

Threats

  • Gross margin compressed by 6.3pp — input costs or pricing pressure is eroding profitability on each dollar of revenue.

Financial Charts

Revenue vs Net Income

Gross Profit vs Operating Income

Margin Trend

Operating Cash Flow

Year-over-Year Changes

Operating Cash Flow

$534,000

was $192.5M

−99.7%

Operating cash flow fell 100% but remained positive.

Total Assets

$1.7B

was $1.2B

+43.5%

Total assets grew 44% — the company's resource base expanded.

Net Income

$107.6M

was $168.6M

−36.2%

Profit fell 36% but remained positive.

EPS (Diluted)

$1.29

was $2.02

−36.1%

Earnings per share fell 36%.

Revenue

$1.4B

was $1.2B

+20.1%

Revenue grew 20% — the company sold more goods or services than the prior year.

Risk Flags

0 high · 1 medium · 1 low
  • Medium

    Gross margin compressed by 6.3pp — input costs or pricing pressure is eroding profitability on each dollar of revenue.

  • Low

    Stock is near its 52-week high (149.00) — the price reflects strong recent momentum, but entry risk is elevated at these levels.

Price History

Technical Signals

Daily closes · 1-year data

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Data sourced from SEC EDGAR, FRED (Federal Reserve Economic Data), and Yahoo Finance. For informational purposes only. Not financial advice.