Stock AnalizAaon, Inc. AAON
Industrial Machinery/Components · data as of November 13, 2026
Aaon, Inc. (AAON) is a industrial company listed in the US with a market value of about $6.6B. In the twelve months to September 30, 2026 it had revenue of $2.3B and net income of $205M, a net margin of 9.0%.
Its overall Stock Analiz score is 2.6 out of 5 (average). The strongest part is future growth (3/5); the weakest is value (1/5).
Key numbers: a P/E of 32.8, 5-year revenue growth of 23% a year, a 5-year average ROIC of 18%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 1% above the current price.
Score: 2.6 / 5
Checks passed
- Price below intrinsic value (DCF, moderate assumptions)
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year revenue growth above 8% a year
- 5-year average ROIC above 12%
- Profitable 5 years in a row
- More cash than debt, or low debt to equity
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- PEG below 1.5
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- 5-year EPS growth above 10% a year
- ROE above 15%
Valuation
Growth and quality
Financials, last 8 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.3B | $1.4B | $1.2B | $1.2B | $889M | $535M | $515M | $469M | $434M |
| Net income | $205M | $108M | $169M | $178M | $100M | $59M | $79M | $54M | $42M |
| Free cash flow | -$47M | — | — | — | $7M | $6M | $61M | $61M | $18M |
| EPS (diluted) | $2.45 | $1.29 | $2.02 | $2.13 | $1.24 | $0.73 | $1.49 | $1.02 | $0.80 |
| Net margin | 9.0% | 7.5% | 14.0% | 15.2% | 11.3% | 11.0% | 15.3% | 11.4% | 9.8% |
| ROIC | — | 13.4% | 19.9% | 24.2% | 18.0% | 12.2% | 22.0% | 18.1% | 16.8% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 4 analysts is $117.50, 46% above the current price; targets range from $104.00 to $140.00; the consensus rating is “Strong buy”; expected EPS is $2.88 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Aaon’s P/E ratio?
About 32.8, based on the last twelve months of diluted earnings per share (forward P/E about 24.0).
Is Aaon stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 1% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Aaon pay a dividend?
Yes. The dividend yield is about 0.50%, and it has paid dividends for 8 years in our data.
Is Aaon a good stock to buy?
We do not give buy or sell advice. Aaon scores 2.6 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
Similar companies
Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.