Aaon (AAON) Invested Capital (2010 - 2025)
Aaon's (AAON) quarterly Invested Capital came in at $895.0 million in Q4 2025, up 6.47% year-on-year from $840.6 million in Q4 2024, and up 3.69% quarter-over-quarter from $863.1 million in Q3 2025.
Aaon (AAON) Invested Capital (2010 - 2025) Analysis & Trends
Aaon has disclosed Invested Capital across 16 years of filings, most recently posting $895.0 million for Q4 2025.
- Invested Capital for Q4 2025 came in at $895.0 million, up 6.47% year-over-year; the trailing twelve-month figure through Dec 2025 was $895.0 million (up 6.47% YoY), and the FY2025 annual result was $895.0 million, up 6.47% from the prior year.
- Invested Capital came in at $895.0 million for Q4 2025 at Aaon, up from $863.1 million in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $895.0 million in Q4 2025 to a low of $373.0 million in Q1 2021.
- The 5-year median for Invested Capital is $671.3 million (2023), against an average of $647.6 million.
- Across the five-year window, Invested Capital soared 34.58% in 2023 and rose 5.99% in 2025, its largest moves.
- Aaon's Invested Capital stood at $466.2 million in 2021, then grew by 20.28% to $560.7 million in 2022, then surged by 31.12% to $735.2 million in 2023, then rose by 14.33% to $840.6 million in 2024, then rose by 6.47% to $895.0 million in 2025.
- The last three Invested Capital figures came in at $895.0 million (Q4 2025), $863.1 million (Q3 2025), and $832.7 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 107.22 Bn | 106.17 Bn | 1.73 Bn | 9.28 Bn |
| 2 | Johnson Controls International | 89.13 Bn | 88.60 Bn | 2.07 Bn | 13.20 Bn |
| 3 | Carrier Global | 60.07 Bn | 59.04 Bn | 4.82 Bn | 24.59 Bn |
| 4 | Lennox International | 18.56 Bn | 18.51 Bn | 351.30 Mn | 2.74 Bn |
| 5 | Masco | 15.26 Bn | 15.14 Bn | 686.00 Mn | -242.00 Mn |
| 6 | Carlisle Companies | 14.75 Bn | 13.98 Bn | 363.20 Mn | 4.54 Bn |
| 7 | SPX Technologies | 12.03 Bn | 11.87 Bn | 230.60 Mn | 2.29 Bn |
| 8 | Advanced Drainage Systems | 11.45 Bn | 11.30 Bn | 237.66 Mn | 2.02 Bn |
| 9 | Aaon | 11.16 Bn | 11.16 Bn | 109.77 Mn | 894.99 Mn |
| 10 | Owens Corning | 10.30 Bn | 10.07 Bn | 510.00 Mn | 8.77 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 894.99 Mn |
| Sep 30, 2025 | 863.11 Mn |
| Jun 30, 2025 | 832.75 Mn |
| Mar 31, 2025 | 831.85 Mn |
| Dec 31, 2024 | 840.58 Mn |
| Sep 30, 2024 | 796.86 Mn |
| Jun 30, 2024 | 740.50 Mn |
| Mar 31, 2024 | 784.81 Mn |
| Dec 31, 2023 | 735.22 Mn |
| Sep 30, 2023 | 682.48 Mn |
| Jun 30, 2023 | 660.11 Mn |
| Mar 31, 2023 | 609.41 Mn |
| Dec 31, 2022 | 560.71 Mn |
| Sep 30, 2022 | 523.86 Mn |
| Jun 30, 2022 | 490.51 Mn |
| Mar 31, 2022 | 480.16 Mn |
| Dec 31, 2021 | 466.17 Mn |
| Sep 30, 2021 | 400.28 Mn |
| Jun 30, 2021 | 383.73 Mn |
| Mar 31, 2021 | 373.04 Mn |