AAON, Inc. (AAON) company profile
Close on Nov 13, 2026Market cap $6.62BP/E 32.6Yield 0.50%
About AAON
Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip, SIC 3585
AAON, Inc. designs and manufactures semi-custom and custom heating, ventilation, air conditioning, and liquid cooling equipment for commercial, industrial, cleanroom, and data center environments. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. Its product portfolio includes rooftop units, air handling systems, geothermal and water-source heat pumps, coils, controls, and aftermarket replacement parts, as well as specialized thermal management systems like coolant distribution units and chillers. Customers primarily comprise commercial building owners, contractors, and hyperscale data center operators, served via independent sales representative networks and direct retail parts stores.
The company primarily serves domestic customers across North America, alongside modest foreign sales. Operational and production facilities are situated in Tulsa, Oklahoma; Longview, Texas; Redmond, Oregon; Memphis, Tennessee; and Parkville, Missouri, including testing laboratories and customer exploration centers. The company also operates two retail parts outlets located in Tulsa. The provided text details the operational footprint across these regional hubs but does not explicitly disclose a specific headquarters city.
Summary of the business section of AAON's latest annual report, written by StockData.
Company profile
Company
- Legal name
- AAON, Inc.
- Founded
- 1987
- Headquarters
- Tulsa, OK
- Address
- 2425 South Yukon Ave. 74107
- Phone
- (918) 583-2266
- Website
- aaon.com
- Employees
- 5,897, Dec 31, 2025
- Industry
- Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip
- Incorporated in
- Nevada
- Fiscal year ends
- December 31
- Auditor
- GRANT THORNTON LLP, Tulsa, Oklahoma
Stock & identifiers
- Ticker
- AAON
- Exchange
- Nasdaq
- IPO date
- Dec 16, 1992
- Shares outstanding
- 82M, Aug 6, 2026
- Public float
- $4.99B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 3-for-2, Aug 17, 2023; 3-for-2, Jul 17, 2014; 3-for-2, Jul 3, 2013; 3-for-2, Jun 14, 2011; 3-for-2, Aug 22, 2007; 3-for-2, Jun 5, 2002; 3-for-2, Oct 1, 2001; 11-for-10, Mar 7, 1995; 1-for-4 reverse, Sep 16, 1993
- SEC CIK
- 824142
- CUSIP
- 000360206
- ISIN
- US0003602069
- FIGI
- BBG000C2LZP3
- Share class FIGI
- BBG001S6CZK0
- LEI
- 549300ZHF0E5VM7PUD37
- EIN
- 87-0448736
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Matthew Joseph Tobolski | Chief Executive Officer, Director | 335,785 |
| Matthew Shaub | Executive Vice President | 3,801 |
| Rebecca Thompson | Chief Accounting Officer | 27,681 |
| Gordon Douglas Wichman | Executive Vice President | 18,539 |
| Chung Kin Cheung | Chief Financial Officer | 17,541 |
| Casey Kidwell | Chief Administration Officer | 15,745 |
| Luke A. Bomer | General Counsel and Secretary | 747 |
| David Raymond Stewart | Director | 13,876 |
| Norman H. Asbjornson | Director | 12,793,322 |
| Robert L. Buttermore | Director | 1,284 |
| Patrick John Jermain | Director | 1,284 |
| Gary D. Fields | Director | 30,751 |
| Angela Kouplen | Director | 39,159 |
| Bruce Ware | Director | 9,876 |
| A. H. McElroy II | Director | 136,357 |
| Caron A. Lawhorn | Director | 18,675 |
| Stephen O. LeClair | Director | 31,566 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Gary D.Fields | $1.61M | -$5.09M | $879.02K | $176 | $243 |
| FY2025 Matthew J.Tobolski | $3.66M | $3.94M | $879.02K | $176 | $243 |
| FY2024 | $4.15M | $12.95M | $1.20M | $367 | $226 |
| FY2023 | $5.01M | $9.62M | $1.15M | $230 | $192 |
| FY2022 | $3.40M | $3.84M | $848.83K | $155 | $139 |
| FY2021 | $2.91M | $5.48M | $1.06M | $163 | $145 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Stock awards | Option awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|---|
| Matthew J. Tobolski Chief Executive Officer | $712.89K | $1.92M | $764.56K | $218.87K | $43.59K | $3.66M | +144% |
| Gary D. Fields Special Advisor to the Board | $647.12K | $514.51K | $207.71K | $186.95K | $51.39K | $1.61M | -61% |
| Rebecca A. Thompson Chief Financial Officer and Treasurer | $442.31K | $353.74K | $142.84K | $96.11K | $45.75K | $1.08M | -8% |
| Stephen E. Wakefield Executive Vice-President and General Manager, AAON Business Unit | $400.00K | $273.44K | $110.36K | $81.75K | $40.50K | $906.04K | -16% |
| Casey R. Kidwell Chief Administrative Officer | $365.39K | $225.09K | $90.89K | $68.93K | $44.39K | $794.68K | – |
| Matthew J. Shaub Executive Vice-President and General Manager, BASX Business Unit | $346.77K | $209.11K | $84.34K | $65.42K | $28.99K | $734.63K | – |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
Employees
Headcount reported in annual reports
“As of February 24, 2026, we employed approximately 5,897 employees, compared to 3,856 employees as of February 24, 2025 and 3,666 employees as of February 20, 2024.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Dec 14, 2021 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
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