Aaon (AAON) Debt to Equity (2011 - 2025)
Aaon recorded quarterly Debt to Equity of $0.45 in Q4 2025, up 6.66% quarter-over-quarter from $0.42 in Q3 2025, and up 136.93% year-over-year from $0.19 in Q4 2024.
Aaon's Debt to Equity history runs 9 years deep, the most recent figure standing at $0.45 for Q4 2025.
- In Q4 2025, Debt to Equity rose 136.93% year-over-year to $0.45; the TTM figure through Dec 2025 stood at $0.45 (up 136.93% YoY), while the FY2025 annual figure was $0.45, up 136.93% from the prior year.
- Debt to Equity came in at $0.45 for Q4 2025 at Aaon, up from $0.42 in the prior quarter.
- In the past five years, Debt to Equity ranged from a high of $0.45 in Q4 2025 to a low of $0.02 in Q3 2021.
- A 5-year average of $0.16 and a median of $0.13 in 2022 frame the typical range for Debt to Equity.
- Across the five-year window, Debt to Equity surged 1201.6% in 2022 and tumbled 58.83% in 2023, its largest moves.
- Aaon's Debt to Equity stood at $0.09 in 2021, then surged by 47.58% to $0.13 in 2022, then sank by 58.83% to $0.05 in 2023, then jumped by 260.33% to $0.19 in 2024, then surged by 136.93% to $0.45 in 2025.
- According to Business Quant data, Debt to Equity over the past three periods registered $0.45, $0.42, and $0.38 for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.95 Bn | 98.89 Bn | 1.73 Bn | 0.54 |
| 2 | Johnson Controls International | 84.54 Bn | 84.01 Bn | 2.07 Bn | 0.70 |
| 3 | Carrier Global | 52.72 Bn | 51.70 Bn | 4.82 Bn | 0.88 |
| 4 | Lennox International | 16.87 Bn | 16.82 Bn | 351.30 Mn | 0.96 |
| 5 | Masco | 13.72 Bn | 13.60 Bn | 686.00 Mn | -12.17 |
| 6 | Carlisle Companies | 13.62 Bn | 12.85 Bn | 363.20 Mn | 1.74 |
| 7 | Aaon | 10.97 Bn | 10.97 Bn | 109.77 Mn | 0.45 |
| 8 | SPX Technologies | 10.37 Bn | 10.22 Bn | 230.60 Mn | 0.28 |
| 9 | Advanced Drainage Systems | 10.34 Bn | 10.19 Bn | 237.66 Mn | 0.87 |
| 10 | Owens Corning | 9.48 Bn | 9.24 Bn | 510.00 Mn | 1.39 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.45 |
| Sep 30, 2025 | 0.42 |
| Jun 30, 2025 | 0.38 |
| Mar 31, 2025 | 0.31 |
| Dec 31, 2024 | 0.19 |
| Sep 30, 2024 | 0.07 |
| Jun 30, 2024 | 0.12 |
| Dec 31, 2023 | 0.05 |
| Sep 30, 2023 | 0.11 |
| Jun 30, 2023 | 0.12 |
| Mar 31, 2023 | 0.14 |
| Dec 31, 2022 | 0.13 |
| Sep 30, 2022 | 0.15 |
| Jun 30, 2022 | 0.22 |
| Mar 31, 2022 | 0.14 |
| Dec 31, 2021 | 0.09 |
| Sep 30, 2021 | 0.02 |
| Jun 30, 2021 | 0.02 |
| Mar 31, 2021 | 0.02 |
| Sep 30, 2020 | 0.02 |
| Jun 30, 2020 | 0.02 |
| Mar 31, 2020 | 0.02 |
| Dec 31, 2019 | 0.02 |
| Jun 30, 2012 | 0.05 |
| Dec 31, 2011 | 0.04 |
| Sep 30, 2011 | 0.11 |
| Jun 30, 2011 | 0.06 |