Aaon (AAON) Invested Capital (2011 - 2026)
Aaon's (AAON) quarterly Invested Capital came in at $1.4 billion in Q2 2026, up 25.69% year-over-year from $1.2 billion in Q2 2025, and up 6.33% quarter-over-quarter from $1.4 billion in Q1 2026.
Analysis
Aaon (AAON) Invested Capital (2011 - 2026) Analysis & Trends
Aaon has disclosed Invested Capital across 16 years of filings, most recently posting $1.4 billion for Q2 2026.
- In Q2 2026, Invested Capital rose 25.69% year-over-year to $1.4 billion; the TTM figure through Jun 2026 stood at $1.4 billion (up 25.69% YoY), while the FY2025 annual figure was $1.3 billion, up 32.04% from the prior year.
- Invested Capital came in at $1.4 billion for Q2 2026 at Aaon, up from $1.4 billion in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $1.4 billion in Q2 2026 to a low of $545.2 million in Q1 2022.
- Average Invested Capital over 5 years is $906.8 million, with a median of $805.6 million recorded in 2024.
- Year-over-year, Invested Capital jumped 52.97% in 2022 and increased 11.88% in 2024.
- Over 5 years, Invested Capital stood at $631.7 million in 2022, then grew by 22.45% to $773.6 million in 2023, then increased by 26.62% to $979.5 million in 2024, then soared by 32.04% to $1.3 billion in 2025, then advanced by 11.76% to $1.4 billion in 2026.
- Per Business Quant data, the three most recent Invested Capital figures were $1.4 billion in Q2 2026, $1.4 billion in Q1 2026, and $1.3 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 97.32 Bn | 96.02 Bn | 2.26 Bn | 13.26 Bn |
| 2 | Johnson Controls International | 88.44 Bn | 87.84 Bn | 2.47 Bn | 23.54 Bn |
| 3 | Comfort Systems Usa | 59.52 Bn | 57.67 Bn | 844.23 Mn | 3.27 Bn |
| 4 | Carrier Global | 47.35 Bn | 46.33 Bn | 1.94 Bn | 25.42 Bn |
| 5 | Lennox International | 12.64 Bn | 12.59 Bn | 539.50 Mn | 2.88 Bn |
| 6 | Modine Manufacturing | 9.98 Bn | 9.92 Bn | - | 1.64 Bn |
| 7 | SPX Technologies | 9.61 Bn | 9.44 Bn | 272.80 Mn | 3.03 Bn |
| 8 | Smith A O | 7.80 Bn | 7.62 Bn | 387.80 Mn | 2.48 Bn |
| 9 | Aaon | 6.58 Bn | 6.58 Bn | 152.49 Mn | 1.45 Bn |
| 10 | Legence | 6.12 Bn | 6.21 Bn | 220.23 Mn | 2.01 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.45 Bn |
| Mar 31, 2026 | 1.36 Bn |
| Dec 31, 2025 | 1.29 Bn |
| Sep 30, 2025 | 1.22 Bn |
| Jun 30, 2025 | 1.15 Bn |
| Mar 31, 2025 | 1.07 Bn |
| Dec 31, 2024 | 979.47 Mn |
| Sep 30, 2024 | 852.56 Mn |
| Jun 30, 2024 | 826.40 Mn |
| Mar 31, 2024 | 784.81 Mn |
| Dec 31, 2023 | 773.55 Mn |
| Sep 30, 2023 | 760.90 Mn |
| Jun 30, 2023 | 738.65 Mn |
| Mar 31, 2023 | 693.11 Mn |
| Dec 31, 2022 | 631.72 Mn |
| Sep 30, 2022 | 600.16 Mn |
| Jun 30, 2022 | 596.76 Mn |
| Mar 31, 2022 | 545.16 Mn |
| Dec 31, 2021 | 506.17 Mn |
| Sep 30, 2021 | 406.67 Mn |