{
  "url": "https://struct.news/briefs/aaon-doubled-sales-but-the-data-center-rush-squeezed-gross-margin",
  "title": "AAON doubled sales, but the data-center rush squeezed gross margin",
  "summary": "Accounts receivable more than doubled to $360.8 million as AAON's sales surged, while gross margin fell to 24.3%.",
  "published_at": "2026-08-10T20:33:24.846372+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "AAON, Inc.",
    "ticker": "AAON",
    "cik": "824142",
    "sector": "Industrials",
    "industry": "Building Products & Equipment"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-10",
    "accession": "0000824142-26-000055",
    "url": "https://www.sec.gov/Archives/edgar/data/824142/000082414226000055/aaon-20260630.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-08-11",
    "url": "https://www.sec.gov/Archives/edgar/data/824142/000082414225000183/aaon-20250630.htm"
  },
  "reported_figures": [
    {
      "group": "AAON's market context",
      "label": "P/E",
      "value": 73.26276132555091,
      "display": "73.3x",
      "unit": "multiple",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0000824142-26-000055",
        "filing_date": "2026-08-10"
      }
    },
    {
      "group": "AAON's market context",
      "label": "EV / sales",
      "value": 5.466110856362632,
      "display": "5.5x",
      "unit": "multiple",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0000824142-26-000055",
        "filing_date": "2026-08-10"
      }
    },
    {
      "group": "AAON's market context",
      "label": "Cash-flow yield",
      "value": 0.0067744486699621055,
      "display": "+0.0%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0000824142-26-000055",
        "filing_date": "2026-08-10"
      }
    }
  ],
  "watch_next": [
    {
      "type": "demand",
      "statement": "BASX and Coil Products growth was tied to liquid-cooling data-center orders, including one large order.",
      "importance": "medium",
      "evidence": "The $111.8 million increase in net sales for AAON Coil Products is due to sales of BASX-branded products for liquid cooling data center orders.",
      "source_date": "2026-08-10"
    },
    {
      "type": "demand",
      "statement": "AAON's sales growth was tied to a stronger backlog entering 2026 and increased production at its Tulsa facility.",
      "importance": "medium",
      "evidence": "AAON Oklahoma saw significant improvement with an increase of $159.3 million in net sales driven by increased production out of the Tulsa facility and a stronger backlog heading into 2026.",
      "source_date": "2026-08-10"
    },
    {
      "type": "tariffs",
      "statement": "AAON expects pricing actions to offset tariff-related margin impacts, but says recovery may lag cost increases and depends on demand and competition.",
      "importance": "medium",
      "evidence": "Although the realization of these surcharges may lag initial cost increases due to production lead times, we expect pricing actions to help offset tariff-related margin impacts over time, subject to market demand and competitive dynamics.",
      "source_date": "2026-08-10"
    }
  ],
  "related_tickers": [
    "AAON"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}