Stocktoria
AAON, INC. AAON
AAON, INC. (AAON) earns a Piotroski F-score of 3/9 (weak financial health), with an Altman Z″ in the safe zone. It pays a dividend yielding 0.31% (safety: safe). FY2025 revenue was $1.4B at a 7.5% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Beneish M-score: -1.29 — elevated (above the −1.78 line — aggressive-accounting signals worth a closer look) . A statistical screen for earnings manipulation, not proof — and it doesn't apply to most banks/insurers.
Analyst price target
Recent analyst actions
| Date | Firm | Rating |
|---|---|---|
| 2026-08-11 | Oppenheimer | Outperform (main) |
| 2026-08-11 | Baird | Outperform (main) |
| 2026-07-23 | Keybanc | Sector Weight (init) |
| 2026-03-03 | Oppenheimer | Outperform (main) |
| 2026-02-03 | DA Davidson | Buy (main) |
| 2025-10-14 | Oppenheimer | Outperform (main) |
Wall Street analyst consensus — a sentiment gauge, not our scoring.
Forward estimates · earnings calendar →
Consensus analyst estimates and scheduled dates — forward-looking, may change.
Smart money · insiders, last 12 months
Open-market insider purchases minus sells (SEC Form 4) — real buying with their own money is a bullish “smart money” signal; grants and option exercises are excluded.
How it ranks in Manufacturing · percentile among 1957 companies
Percentile vs other Manufacturing companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 3/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · safe zone
| Component | Value |
|---|---|
| Working capital / assets | 0.319 |
| Retained earnings / assets | 0.492 |
| EBIT / assets | 0.087 |
| Equity / liabilities | 1.131 |
Sector peers · similar-size Manufacturing companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| AAON | AAON, INC. | 3/9 | 5.47 | 96.5 | +20.1% |
| TGEN | TECOGEN INC. | 2/9 | -1.48 | — | +19.7% |
| EVOH | EvoAir Holdings Inc. | 3/9 | 7.28 | — | — |
| LII | LENNOX INTERNATIONAL INC | 5/9 | 7.18 | 24.4 | -2.7% |
| CARR | CARRIER GLOBAL Corp | 4/9 | 2.35 | 41.2 | -3.3% |
| JCI | Johnson Controls International plc | 6/9 | — | 25.7 | +2.8% |
| VFS | VinFast Auto Ltd. | 4/9 | -13.01 | — | +57.9% |
About AAON, INC.
AAON, Inc., together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls. The company markets and sells its products to retail, manufacturing, educational, lodging, supermarket, data centers, medical and pharmaceutical, and other commercial industries. It sells its products through a network of independent manufacturer representative organizations and internal sales force, as well as online. AAON, Inc. was incorporated in 1987 and is headquartered in Tulsa, Oklahoma.
FAQ
Is AAON financially healthy?
AAON, INC.'s Piotroski F-score is 3/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the safe zone.
Does AAON pay a dividend, and is it safe?
Yes. AAON, INC. pays a dividend yielding about 0.31% with a 30.3% payout ratio, rated “safe” for safety.
How profitable is AAON?
In FY2025, AAON, INC. had a net margin of 7.5% and a return on equity of 12.0%.
Is AAON overvalued or undervalued?
AAON, INC. trades at about 66.1× trailing earnings — above its 10-year norm (10-year range 32.9×–70.6×, median 49.7×). Stocktoria reports the data, not buy/sell advice.
What is the analyst price target for AAON?
The average Wall-Street price target for AAON, INC. is $143.00, about 67.8% above the recent price, from 3 analysts (consensus: buy).
Is AAON a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on AAON, INC.: a Piotroski F-score of 3/9, an Altman Z″ in the safe zone, a P/E of about 96.5×, a dividend yield of 0.31%. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.