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
DateValue
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