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AAON · Homes & buildings · U.S.

AAON

Makes heating and cooling systems for big buildings.

Company Health

48
/100
Mixed
A quick check of the business from its yearly reports (2022–2025). It doesn’t say whether the stock is a good buy.
Does it make money?
14 of 25 · Okay
$7 of every $100 in sales was left as profit last year.
Is it growing?
22 of 25 · Good
Sales grew about 18% a year over the last 3 years.
Can it handle what it owes?
0 of 25 · Poor
It would take about 1482 years of the cash its business brings in to pay off everything it owes.

Who owns it

1 of 23 own it · 1 bought more lately
bought lately
owns it
doesn’t own it
Didn’t report owning it: Whale Rock, Appaloosa, Melqart, Coatue, D1 Capital, Light Street, Lone Pine, Third Point, TCI, Pershing Square, Duquesne, Himalaya Capital, Greenlight, Fundsmith, Semper Augustus, Akre
Their letters don’t mention it: Arquitos, Laughing Water, Alluvial, Bireme, Kingdom Capital, Saga Partners
From each fund’s latest 13F report (Jun 30, 2026). Funds that don’t file one: from their own letters.

The numbers

From AAON’s yearly reports. Tap a year to see its figures.

Sales and profit

Sales grew from $515 million in 2020 to $1.44 billion in 2025, and it made a profit every year.
2025
Sales
$1.44 billion
Profit
$108 million

Spare cash each year

It had cash to spare every year, ending with $7.29 million to spare in 2022.
2025
Not reported
Spare cash is the cash its business brought in, minus what it spent on buildings and equipment. Some years don’t say what it spent, so those bars may be a little high.

What it owns and what it owes

At the end of 2025 it owned $1.69 billion, including $13,000 in cash, and owed $792 million.

Key facts

From its yearly report for 2025.
Sales
$1.44 billion
Profit
$108 million
Cash in the bank
$13,000
Everything it owes
$792 million
Year ends
December
Money shown in
U.S. dollars
Figures from AAON’s yearly reports to the SEC (EDGAR), collected Oct 12, 2026.
Not investment advice. Holdings come from public SEC reports and the funds’ own letters, and can be up to 4½ months old. How this works