Overview
- Annual revenue reached $1.44 billion in 2025, up 20.1%, driven by gains across AAON and BASX product lines.
- The order backlog ended 2025 at a record $1.83 billion, with roughly $1.3 billion tied to BASX data-center cooling solutions.
- Full-year GAAP diluted EPS declined to $1.29 and gross margin to 26.7% due to facility investments and an ERP implementation.
- Fourth-quarter revenue rose 42.5% to $424.2 million with EPS up 30% to $0.39 as output ramped at Memphis and Longview.
- 2026 guidance calls for 18%–20% sales growth, gross margins of 29%–31%, and about $190 million in capex, with $1.2 million in cash and $398.3 million drawn on the revolver.