Analyst Ratings

Date	Action	Analyst	Rating	Target
Mar-03-26	Reiterated	Oppenheimer	Outperform	$115 → $118
Feb-03-26	Reiterated	DA Davidson	Buy	$70 → $120
Nov-07-25	Reiterated	Oppenheimer	Outperform	$112 → $115
Sep-30-25	Reiterated	Oppenheimer		$105
Jun-16-25	Upgrade	Sidoti & Co.	Neutral → Buy
Feb-28-25	Upgrade	CJS Securities	Market Perform → Market Outperform
Oct-28-24	Reiterated	Robert W. Baird		$114 → $130
Oct-28-24	Upgrade	Baird	Neutral → Outperform
Oct-22-24	Downgrade	Sidoti & Co.	Buy → Neutral
Oct-14-24	Reiterated	Robert W. Baird		$114

Financial Statements

DataTimeframe

Line Item (USD, M)	TTM —	FY 2025 12/31/2025	FY 2024 12/31/2024	FY 2023 12/31/2023
Total Revenue	1,617	1,442	1,201	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A	1,192	1,056	804
Gross Profit	425	386	397
Selling, General and Administrative Excl. Other	224	206	167
Research and Development	0	0	0
Other Operating Expense	32	27	21
Operating Income	169	152	209
Interest Expense	10	18	3
Unusual Expense	—	—	—
Non-Operating Income (Expense)	0	6	0
Net Income Before Taxes	148	129	207
Income Taxes	30	21	38
Consolidated Net Income	118	108	169
Net Income From Continuing Operations	118	108	169
Net Income	118	108	169
EPS (Recurring)	1.45	1.32	2.07
EPS (Basic, Before Extraordinaries)	1.45	1.32	2.07
EPS (Diluted)	1.42	1.29	2.02
EBITDA	249	226	272
Other After Tax Adjustments	—	—	—
Stock Option Compensation Expense	—	—	—
Price To Earnings Ratio	96.28	59.11	—
Price To Sales Ratio	6.93	4.34	—
Gross Margin	26.28	26.77	33.06
Operating Margin	10.45	10.54	17.40
Net Margin	7.30	7.49	14.07
Shares Outstanding	82	82	81
Market Capitalization	11,211	6,253	—
Operating Lease Expense	—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Thompson Rebecca	Chief Accounting Officer	Jun 02 '26	Sale	143.42	4,230	606,667	0	Jun 05 12:00 AM
Fields Gary D	Director	May 29 '26	Sale	140.20	19,000	2,663,800	15,252	Jun 01 12:00 AM
Wichman Gordon Douglas	Executive Vice President	May 26 '26	Option Exercise	27.58	6,000	165,480	21,250	May 27 12:00 AM
Wichman Gordon Douglas	Executive Vice President	May 26 '26	Sale	140.39	3,000	421,170	10,997	May 27 12:00 AM
Fields Gary D	Director	May 26 '26	Option Exercise	48.91	42,346	2,071,142	55,425	May 27 12:00 AM
Fields Gary D	Director	May 26 '26	Sale	140.34	21,173	2,971,419	34,252	May 27 12:00 AM
Kidwell Casey	Chief Administration Officer	May 14 '26	Option Exercise	80.63	6,306	508,464	15,547	May 15 12:00 AM
Kidwell Casey	Chief Administration Officer	May 14 '26	Sale	138.30	3,153	436,070	13,463	May 15 12:00 AM
Tobolski Matthew Joseph	Chief Executive Officer	May 13 '26	Sale	135.37	8,000	1,082,960	114,371	May 14 12:00 AM
Fields Gary D	Director	May 13 '26	Option Exercise	36.13	38,162	1,378,794	53,333	May 14 12:00 AM
Fields Gary D	Director	May 13 '26	Sale	137.60	19,081	2,625,546	34,252	May 14 12:00 AM
Fields Gary D	Director	May 12 '26	Option Exercise	46.02	62,542	2,878,016	60,270	May 13 12:00 AM
Fields Gary D	Director	May 12 '26	Sale	134.07	31,271	4,192,398	34,252	May 13 12:00 AM
Thompson Rebecca	Chief Accounting Officer	May 07 '26	Option Exercise	29.48	19,344	570,262	37,353	May 11 12:00 AM
Thompson Rebecca	Chief Accounting Officer	May 07 '26	Sale	136.59	9,672	1,321,098	27,681	May 11 12:00 AM


Market Cap	10.92B	Forward P/E	39.17	EPS next Y	3.49	Insider Trans	0.23%	Shs Float	-	Perf Month	4.95%


Enterprise Value	11.37B	PEG	-	EPS next Q	0.50	Inst Own	-	Short Float	-	Perf Quarter	70.79%


Income	117.98M	P/S	6.76	EPS this Y	59.44%	Inst Trans	-	Short Ratio	-	Perf Half Y	75.12%


Sales	1.62B	P/B	11.67	EPS next Y	54.15%	ROA	6.60%	Short Interest	-	Perf YTD	79.30%


Book/sh	11.40	P/C	249.26	EPS next 5Y	42.23%	ROE	13.40%	52W High	150.46 -9.13%	Perf Year	87.78%


Cash/sh	0.00	P/FCF	-	EPS past 3/5Y	-	ROIC	9.30%	52W Low	62.00 120.52%	Perf 3Y	-


Dividend Est.	0.40 (0.29%)	EV/EBITDA	45.57	Sales past 3/5Y	17.50% 22.87%	Gross Margin	26.24%	Volatility	3.77% 4.22%	Perf 5Y	-


Dividend TTM	0.40 (0.29%)	EV/Sales	7.03	EPS Y/Y TTM	-27.72%	Oper. Margin	10.40%	ATR (14)	8.30	Perf 10Y	-


Dividend Ex-Date	Jun 05, 2026	Quick Ratio	1.75	Sales Y/Y TTM	34.64%	Profit Margin	7.30%	RSI (14)	57.00	Recom	2.00


Dividend Gr. 3/5Y	11.74% 9.56%	Current Ratio	2.62	EPS Q/Q	29.73%	SMA20	1.00%	Beta	2.03	Target Price	119.00


Payout	27.65%	Debt/Eq	0.48	Sales Q/Q	54.35%	SMA50	15.17%	Rel Volume	1.12	Prev Close	133.36


Employees	4,812	LT Debt/Eq	0.46	Earnings	Aug 10	SMA200	40.04%	Avg Volume	1.16M	Price	136.72


IPO Date	Dec 16, 1992	Option/Short	Yes / Yes	EPS/Sales Surpr.	64.55% 30.45%	Net Debt/EBITDA	1.81	Volume	1,309,100	Change	2.52%

AAON