AAON Reports Strong Q3 2025 Results Amid Market Gains

Aaon ( (AAON) ) has shared an update.

On November 6, 2025, AAON, Inc. reported strong third-quarter results for 2025, driven by operational improvements and market share gains. The company achieved a 17.4% increase in net sales to $384.2 million, despite a year-over-year decline in GAAP diluted EPS by 41.3%. The quarter saw a record backlog of $1.32 billion, reflecting robust demand, particularly in data center applications. The BASX brand experienced a significant rise in sales, primarily due to increased demand for liquid cooling equipment. Operational efficiencies, including improved ERP system integration, contributed to sequential improvements in production throughput and gross margins. The company remains confident in its growth trajectory, supported by strong bookings and expanded production capacity.

The most recent analyst rating on (AAON) stock is a Buy with a $113.00 price target. To see the full list of analyst forecasts on Aaon stock, see the AAON Stock Forecast page.

Spark’s Take on AAON Stock

According to Spark, TipRanks’ AI Analyst, AAON is a Outperform.

Aaon has a solid foundation with strong profitability and technical momentum, but faces challenges with cash flow and valuation. The earnings call indicates potential for recovery and growth, but current operational issues and high valuation metrics temper the overall outlook.

To see Spark’s full report on AAON stock, click here.

More about Aaon

AAON, Inc. is a leader in the HVAC industry, specializing in high-performing, energy-efficient solutions. The company focuses on delivering long-term value to customers and owners, with a strong presence in the data center cooling market.

Average Trading Volume: 1,202,374

Technical Sentiment Signal: Buy

Current Market Cap: $7.33B

See more data about AAON stock on TipRanks’ Stock Analysis page.