Aaon (AAON) Capital Expenditures (2010 - 2025)

Aaon's (AAON) quarterly Capital Expenditures came in at $62.5 million in Q4 2025, down 35.1% year-on-year from $96.3 million in Q4 2024, and up 37.2% quarter-over-quarter from $45.6 million in Q3 2025.

Aaon (AAON) Capital Expenditures (2010 - 2025) Analysis & Trends

Aaon has disclosed Capital Expenditures across 16 years of filings, most recently posting $62.5 million for Q4 2025.

  • Capital Expenditures for Q4 2025 came in at $62.5 million, down 35.1% year-over-year; the trailing twelve-month figure through Dec 2025 was $190.6 million (down 2.61% YoY), and the FY2025 annual result was $190.6 million, down 2.61% from the prior year.
  • Capital Expenditures came in at $62.5 million for Q4 2025 at Aaon, up from $45.6 million in the prior quarter.
  • In the past five years, Capital Expenditures ranged from a high of $96.3 million in Q4 2024 to a low of -$42.6 million in Q4 2021.
  • The 5-year median for Capital Expenditures is $30.7 million (2024), against an average of $29.8 million.
  • Across the five-year window, Capital Expenditures slumped 326.22% in 2021 and soared 350.07% in 2024, its largest moves.
  • Aaon's Capital Expenditures stood at -$42.6 million in 2021, then soared by 226.71% to $54.0 million in 2022, then sank by 60.4% to $21.4 million in 2023, then surged by 350.07% to $96.3 million in 2024, then plunged by 35.1% to $62.5 million in 2025.
  • The last three Capital Expenditures figures came in at $62.5 million (Q4 2025), $45.6 million (Q3 2025), and $35.8 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capex (Qtr)
1 Trane Technologies 107.22 Bn 106.17 Bn 1.73 Bn 79.70 Mn
2 Johnson Controls International 89.13 Bn 88.60 Bn 2.07 Bn 80.00 Mn
3 Carrier Global 60.07 Bn 59.04 Bn 4.82 Bn 94.00 Mn
4 Lennox International 18.56 Bn 18.51 Bn 351.30 Mn 55.50 Mn
5 Masco 15.26 Bn 15.14 Bn 686.00 Mn 34.00 Mn
6 Carlisle Companies 14.75 Bn 13.98 Bn 363.20 Mn 28.30 Mn
7 SPX Technologies 12.03 Bn 11.87 Bn 230.60 Mn 18.50 Mn
8 Advanced Drainage Systems 11.45 Bn 11.30 Bn 237.66 Mn 53.03 Mn
9 Aaon 11.16 Bn 11.16 Bn 109.77 Mn 62.50 Mn
10 Owens Corning 10.30 Bn 10.07 Bn 510.00 Mn 233.00 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 62.50 Mn
Dec 31, 2025 62.50 Mn
Sep 30, 2025 45.55 Mn
Sep 30, 2025 45.55 Mn
Jun 30, 2025 35.79 Mn
Jun 30, 2025 35.79 Mn
Mar 31, 2025 46.72 Mn
Mar 31, 2025 46.72 Mn
Dec 31, 2024 96.29 Mn
Dec 31, 2024 96.29 Mn
Sep 30, 2024 33.99 Mn
Sep 30, 2024 33.99 Mn
Jun 30, 2024 30.69 Mn
Jun 30, 2024 30.69 Mn
Mar 31, 2024 34.69 Mn
Mar 31, 2024 34.69 Mn
Dec 31, 2023 21.39 Mn
Dec 31, 2023 21.39 Mn
Sep 30, 2023 22.27 Mn
Sep 30, 2023 22.27 Mn