AAON, Inc.
AAONIndustrialsNASDAQBuilding Products & Equipment · Last scanned Oct 24, 2026
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Daily timeframeAAON, Inc., together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The $5.68B market capitalization puts AAON squarely in mid-cap range for its industry. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX.
Market Cap
$5.68B
Beta
1.41
P/E (TTM)
36.62
P/E (Fwd)
19.29
EPS (TTM)
$1.88
EPS (Fwd)
$3.57
ROE
17.3%
ROA
8.2%
Cash
$13,000
Total Debt
$452.1M
Free CF
-$213.8M
52W Change
-35.2%
Annual Financials
Cash vs Debt
Where AAON stands vs its 150-day and 200-day moving averages
As of the October 20, 2026 close, AAON finished 24.52% below its 150-day moving average ($99.81) and 23.14% below its 200-day moving average ($98.02). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is AAON overbought or oversold?
At the October 20, 2026 close, AAON's RSI(14) was 32.5, in neutral territory (between 30 and 70). The MACD histogram was negative, so short-term momentum leaned bearish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
On the balance sheet, AAON has $13K in cash with $452.1M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company is burning cash, with free cash flow at -$213.8M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. Return on equity stands at 17.3%, which is strong for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. An ROA of 8.2% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $888.8M (2022) to $1.44B (2025), reflecting a 62% increase over the period.
Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing AAON.