AAON is engaged in the manufacture and sale of air conditioning and heating equipment consisting of rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water heat pumps and coils. Co.'s rooftop and condensing unit markets primarily consist of units installed on commercial or industrial structures of generally less than 10 stories in height. Co.'s air handling units, self-contained units, geothermal/water-source heat pumps, chillers, packaged outdoor mechanical rooms and coils are applicable to all sizes of commercial and industrial buildings. We show 40 historical shares outstanding datapoints in our AAON shares outstanding history coverage, used to compute AAON market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing AAON market cap history over the course of time is important for investors
interested in comparing AAON's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of AAON versus a peer is one thing; comparing
AAON market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like AAON can fluctuate over the course of history.
With this page we aim to empower investors researching AAON by allowing them to research the AAON market cap history. |
Video: The Importance of Market Cap
