AAON, Inc.
AAON, Inc. (NASDAQ: AAON) is a leader in heating, ventilation, air conditioning, and liquid cooling solutions for commercial and industrial indoor environments. The company operates through three reportable business segments: AAON Oklahoma, AAON Coil Products, and BASX, each serving distinct markets with specialized… From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What AAON, Inc. does
In the company’s own words
AAON, Inc. (NASDAQ: AAON) is a leader in heating, ventilation, air conditioning, and liquid cooling solutions for commercial and industrial indoor environments. The company operates through three reportable business segments: AAON Oklahoma, AAON Coil Products, and BASX, each serving distinct markets with specialized product offerings.
AAON Oklahoma engineers and manufactures highly configurable HVAC systems, designs control solutions, and sells aftermarket parts through retail locations and online channels. The segment operates manufacturing facilities in Tulsa, Oklahoma; Memphis, Tennessee; and Parkville, Missouri, along with two customer-facing centers including the Norman Asbjornson Innovation Center, a world-class research and development laboratory accredited by the Air Movement and Control Association International. AAON Coil Products manufactures semi-custom and custom HVAC systems and heating and cooling coils from facilities in Longview, Texas. BASX, acquired in 2021, specializes in custom thermal management and air handling solutions for data centers, cleanroom environments, and industrial applications, operating from Redmond, Oregon with additional support facilities in Memphis and Longview.
The company's business strategy centers on mass semi-customization, leveraging flexible, computer-aided manufacturing systems to deliver highly configurable equipment that combines scaled production efficiency with individual customization. Products span cooling capacities from two to 261 tons and include rooftop units, air handling units, condensing units, makeup air units, energy recovery units, and advanced control systems. AAON's proprietary Alpha Class technology enables air-source heat pumps to operate in temperatures as low as negative twenty degrees Fahrenheit, addressing commercial building decarbonization demand.
As of February 2026, AAON employed approximately 5,897 employees across its manufacturing and support operations. The company serves thousands of customers through an extensive network of independent sales representatives, with significant business from data center operators and commercial construction markets. Foreign sales represented approximately 2.6 percent of net sales. The company maintains competitive advantages through continuous research and development investment, advanced manufacturing capabilities, and a commitment to product leadership emphasizing energy performance, durability, and system efficiency. More information is available at http://www.aaon.com.
Company details
- Sector
- Industrials
- Industry (SIC)
- Industrial Machinery
- Headquarters
- TULSA, OK
- Fiscal year end
- December
- CIK
- 824142
- SIC
- 3585
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns AAON, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Superinvestors in AAON, Inc. · what they did last quarter
Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.
Largest fund holders · AAON, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
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