AAON is the ticker symbol for AAON, INC., a publicly traded Industrials sector company listed on Nasdaq. 13F Pro tracks AAON with AI-powered analysis, an AI quality score, SEC EDGAR financials, insider transactions, and institutional 13F holdings — all sourced directly from public SEC filings.

Is AAON a good stock to buy?

13F Pro's AI ranking engine scores AAON at 53.9/100, ranked #1,365 of 2,925 stocks on a composite quality score built from its SEC filings, covering profitability, growth, balance sheet strength, and free cash flow. The full AI verdict and bull/bear case for AAON is available at https://13fpro.ai/company/AAON. Not investment advice — review the underlying SEC filings before making any trade.

Where does 13F Pro source AAON data?

All AAON, INC. fundamentals and ownership data come directly from SEC EDGAR. AAON, INC. files with the SEC under CIK 824142. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

AAON, INC. AAON

NasdaqMid CapIndustrials

13F Pro quality score

Rank #1,365 of 2,925TOP 50%

Why it scores 54 Industrials peers →

Rankings refresh quarterly once 80% of peers have filed. Next update: ~Nov 14, 2026.

Revenue

$626.98M

Quarter to Jun 30

Net income

$56.66M

Quarter to Jun 30

Operating margin

11.0%

Quarter to Jun 30

Top Institutional Holders

as of Q2 2026

$8.22B total

BlackRock, Inc.

$848.22M+1.9%

WELLINGTON MANAGEMENT GROUP LLP

$732.30M-27.6%

VANGUARD CAPITAL MANAGEMENT LLC

$396.03M+0.7%

VANGUARD PORTFOLIO MANAGEMENT LLC

$372.82M+1.1%

STATE STREET CORP

$333.06M+27.3%

WASATCH ADVISORS LP

$296.66M+3.1%

FIRST TRUST ADVISORS LP

$200.33M-21.6%

BLAIR WILLIAM & CO/IL

$194.53M-5.5%

GEODE CAPITAL MANAGEMENT, LLC

$181.82M+0.4%

DIMENSIONAL FUND ADVISORS LP

$171.63M-2.3%

GENEVA CAPITAL MANAGEMENT LLC

$152.34M-30.2%

MORGAN STANLEY

$142.26M-10.6%

Capital World Investors

$139.89M-12.8%

FRANKLIN RESOURCES INC

$129.90M-16.0%

Conestoga Capital Advisors, LLC

$128.87M-20.0%

JANE STREET GROUP, LLC

$123.55MNew

FULLER & THALER ASSET MANAGEMENT, INC.

$116.40MNew

Pictet Asset Management Holding SA

$112.11M+31.7%

KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC

$111.50M-17.4%

Mawer Investment Management Ltd.

$108.49M+0.8%

Spyglass Capital Management LLC

$98.52M-9.6%

Copeland Capital Management, LLC

$95.17M-4.8%

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

$91.89M-0.7%

NORTHERN TRUST CORP

$89.00M-5.6%

BOKF, NA

$86.47M0.0%

See all 474 institutional holders →

What's Driving AAON's Business? Latest 10-Q Breakdown

AI-extracted from the 10-Q filed 2026-08-10 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Biggest Revenue Drivers

AAON Oklahoma$262.3M+41.7% YoY

Strong backlog entering the quarter and successful ramp-up of production drove increased sales.

BASX$218.0M+220.7% YoY

Continued demand for data center cooling solutions and increasing production from Memphis facility.

Biggest Revenue Drivers

Total revenue: $627.0M+101.2% YoY

AAON Oklahoma$262.3M+41.7% YoY

Strong backlog entering the quarter and successful ramp-up of production drove increased sales.

BASX$218.0M+220.7% YoY

Continued demand for data center cooling solutions and increasing production from Memphis facility.

AAON Coil Products$146.7M+150.9% YoY

Growth in BASX-branded products for large liquid cooling data center orders.

Largest Expense Items

Cost of sales$474.5M+107.3% YoY

Higher material costs, particularly copper (+26.0%), and overhead from Memphis facility ramp-up.

Margins: Gross profit margin declined to 24.3% from 26.6% YoY, primarily due to Memphis facility overhead costs allocated to AAON Oklahoma and higher copper costs in AAON Coil Products (16.0% margin, down from 17.5%). SG&A leverage improved significantly to 13.3% of sales from 19.0%, demonstrating strong operating leverage.

Watch Items from the Filing

Backlog of $1,970.8M (+98% YoY) heavily concentrated in BASX data center orders: $1,430.4M (+185.4% YoY). Demand driven by AI/high-performance compute adoption; any slowdown in data center capex would materially impact forward revenue.
Memphis facility carrying $28.0M in overhead costs in Q2 2026 (vs $5.3M in Q2 2025), allocated to AAON Oklahoma but sales reflected in BASX. This cross-segment cost structure creates margin pressure despite higher volumes.
Raw material costs volatile: copper +26.0% YTD, aluminum +20.3% YTD; pricing actions lag cost increases due to production lead times, creating near-term margin headwind.
Capital expenditure program estimated at $190M for 2026 (vs $97.3M YTD through Q2). Heavy capex and working capital for data center orders partially financed through new $50.5M NMTC facility in Memphis and revolving credit line at 1.46x leverage ratio.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →

Key Metrics

Revenue

Q2 2026

EDGAR

Net Income

Q2 2026

EDGAR

EPS (Diluted)

Q2 2026

EDGAR

Operating Margin

Q2 2026

EDGAR

ROIC

Q2 2026

EDGAR

Financial Trends

Revenue & Net Income

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Earnings Per Share

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AAON, INC. reported revenue, net income and margins by fiscal period, from SEC filings.
Period	Form	Revenue	Net income	Op. marginOperating margin
FY 2025	10-K	$1.4B	$107.6M	10.1%
FY 2024	10-K	$1.2B	$168.6M	17.4%
FY 2023	10-K	$1.2B	$177.6M	19.5%
FY 2022	10-K	$888.8M	$100.4M	14.3%
FY 2021	10-K	$534.5M	$58.8M	13.0%
FY 2020	10-K	$514.6M	$79.0M	19.8%

About AAON, INC. (AAON): stock profile, AI score and financials

AAON, INC. (AAON) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores AAON at 53.9/100 on a composite quality score built from its SEC filings, placing it at rank #1,365 of 2,925 stocks — the top half of the AI-ranked universe. AAON scores in the top quartile across revenue growth (86.2), balance sheet strength (84.8). Areas of concern include institutional flow (6.4) and earnings quality (25.4), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), AAON, INC. reports quarterly revenue of $627.0M, net income of $56.7M, an operating margin of 11.0%. AAON trades on the Nasdaq exchange and files with the SEC under CIK 824142. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate AAON daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for AAON, INC. directly from SEC EDGAR.

Financials through the period ended Jun 30, 2026SEC EDGAR: CIK 824142 →

AAON, INC. AAON

Top Institutional Holders

What's Driving AAON's Business? Latest 10-Q Breakdown

Biggest Revenue Drivers

Biggest Revenue Drivers

Largest Expense Items

Watch Items from the Filing

Key Metrics

Financial Trends

Revenue & Net Income

Earnings Per Share

AAON key financials by period

AAON insiders

Congress trading in AAON

About AAON, INC. (AAON): stock profile, AI score and financials

AAON, INC. AAON

Top Institutional Holders

What's Driving AAON's Business? Latest 10-Q Breakdown

Biggest Revenue Drivers

Key Metrics

Financial Trends

Revenue & Net Income

Earnings Per Share

AAON key financials by period

Companies similar to AAON

AAON insiders

Congress trading in AAON

About AAON, INC. (AAON): stock profile, AI score and financials