Filing Flows › Aaon (AAON) › How it makes money
How Aaon (AAON) makes money
Aaon (AAON) made $627M of revenue in the second quarter 2026 (Q2 2026), +101% from a year earlier. AAON Oklahoma brought in $262M (42%); BasX brought in $218M (35%); AAON Coil Products brought in $147M (23%). Of every dollar of revenue, 24¢ was left as gross profit, 11¢ was left as operating profit, 9¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| AAON Oklahoma | $262M | 41.8% | +8% | +42% |
| BasX | $218M | 34.8% | +61% | +221% |
| AAON Coil Products | $147M | 23.4% | +25% | +151% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $627M | 100.0% |
| Cost of revenue | $474M | 75.7% |
| Gross profit | $152M | 24.3% |
| Operating expenses | $83.6M | 13.3% |
| Operating profit | $68.9M | 11.0% |
| Income tax | $6.2M | 1.0% |
| Net earnings | $56.7M | 9.0% |
| Operating cash flow | $21.0M | 3.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $627M | +101% |
| Q1 2026 | $497M | +54% |
| Q4 2025 | $424M | +42% |
| Q3 2025 | $384M | +17% |
| Q2 2025 | $312M | -0.6% |
| Q1 2025 | $322M | +23% |
| Q4 2024 | $298M | -3% |
From Aaon's 10-Q filed Aug 10, 2026 (on EDGAR).
Questions
How does Aaon make money?
Aaon (AAON) made $627M of revenue in the second quarter 2026 (Q2 2026), +101% from a year earlier. AAON Oklahoma brought in $262M (42%); BasX brought in $218M (35%); AAON Coil Products brought in $147M (23%). Of every dollar of revenue, 24¢ was left as gross profit, 11¢ was left as operating profit, 9¢ was left as net earnings.
What is Aaon's biggest business?
AAON Oklahoma: $262M in the second quarter 2026, 42% of revenue, +42% from a year earlier.
What is Aaon's profit margin?
Net earnings were $56.7M, 9.0% of revenue, in the second quarter 2026; the operating margin was 11.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.