MEDIUMOutside partyCustomer
three customers ≥10% of revenue
“10-K Item 1: 'the Company had three, two and three customers, respectively, that were 10 percent or greater concentrations of revenue'”
AAON · Concentration risk · 10-K extracted
AAON (AAON) concentration risks
Updated
The most significant concentration AAON discloses is three customers ≥10% of revenue, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: AAON’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH0
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's only disclosed concentration is a moderate customer dependency: in the most recent year three customers each represented 10 percent or greater of revenue, a medium-share exposure by disclosed size. Its character is dependency rather than structural — results lean on a small set of large buyers whose order timing can move quarterly numbers — but no individual customer is quantified beyond that threshold, so the exposure is spread across that small group rather than pinned to a single name. There is no disclosed geographic, supplier, or product concentration layered on top of it. On balance this is a contained, well-disclosed customer concentration: it argues for monitoring the order patterns of the largest accounts, but on its own does not look likely to move the investment verdict.
For the engine’s reasoning on AAON’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Building Products & Equipment
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ARLO | Arlo Technologies, Inc. | 2 | 1 | 0 | 3 |
| AWI | Armstrong World Industries Inc | 1 | 1 | 2 | 4 |
| CARR | Carrier Global Corporation | 1 | 0 | 0 | 1 |
| AAON● | AAON, Inc. | 0 | 1 | 0 | 1 |
| BLDR | Builders FirstSource, Inc. | 0 | 1 | 0 | 1 |
| CSL | Carlisle Companies Incorporated | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.