v3.26.1
Segments (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting
The following table summarizes certain financial data related to our segments and significant segment expenses and other segment items regularly reviewed by our CODM. During the fourth quarter of 2025, the Company modified the reporting of sales of coils from AAON Coil Products to AAON Oklahoma to report at cost to be consistent with our other intercompany sales between segments. The revised methodology is intended to better reflect the manner in which the CODM evaluates segment performance and makes resource allocation decisions. As a result of this change, prior period segment results have been recast to conform to the current period presentation. The change did not affect consolidated net sales, cost of sales or gross profit. The cost of sales and gross profit amounts shown below are presented after elimination entries.

Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(in thousands)
AAON Oklahoma
External sales$262,276 $185,120 $506,243 $346,958 
Inter-segment sales91,359 5,318 135,868 9,157 
Eliminations(91,359)(5,318)(135,868)(9,157)
     Net sales262,276 185,120 506,243 346,958 
     Cost of sales1
198,659 131,603 378,354 252,841 
     Gross profit63,617 53,517 127,889 94,117 
AAON Coil Products
External sales$146,680 $58,465 $264,291 $152,488 
Inter-segment sales7,660 3,439 14,478 7,018 
Eliminations(7,660)(3,439)(14,478)(7,018)
     Net sales146,680 58,465 264,291 152,488 
     Cost of sales1
123,142 48,236 212,451 112,401 
     Gross profit23,538 10,229 51,840 40,087 
BASX
External sales$218,020 $67,982 $353,378 $134,175 
Inter-segment sales558 507 556 550 
Eliminations(558)(507)(556)(550)
     Net sales218,020 67,982 353,378 134,175 
     Cost of sales1
152,684 48,999 255,651 99,286 
     Gross profit65,336 18,983 97,727 34,889 
Consolidated gross profit$152,491 $82,729 $277,456 $169,093 
1 Presented after intercompany eliminations.

The reconciliation between consolidated gross profit to consolidated income from operations is as follows:
Consolidated gross profit$152,491 $82,729 $277,456 $169,093 
Less: Selling, general and administrative expenses83,607 59,147 151,513 110,440 
Add: loss on disposal of assets— — — 40 
Consolidated income from operations$68,884 $23,582 $125,943 $58,693 
The following table presents long-lived assets by reportable segment, which includes property and equipment, net and operating lease assets:
June 30, 2026December 31, 2025
Long-lived assets(in thousands)
AAON Oklahoma$444,514 $400,316 
AAON Coil Products158,116 157,752 
BASX96,339 91,182 
Total long-lived assets$698,969 $649,250 

The following table presents intangible assets and goodwill, net, by reportable segment:
June 30, 2026December 31, 2025
Intangible assets and goodwill(in thousands)
AAON Oklahoma$28,607 $25,600 
AAON Coil Products5,043 4,235 
BASX134,243 135,964 
Total intangible assets and goodwill$167,893 $165,799