Aaon (AAON) Invested Capital (2011 - 2026)
Aaon (AAON) reported Invested Capital of $1.45 billion for Q2 2026, up 25.7% from $1.15 billion a year earlier and up 6.3% from the prior quarter.
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Analysis
Aaon (AAON) Invested Capital (2011 - 2026) Analysis & Trends
For FY2025, Aaon posted Invested Capital of $1.29 billion, up 32.0% from FY2024.
- Invested Capital has increased for 14 consecutive years, with a five-year compound annual growth rate of 29.8% (FY2020 to FY2025).
- By year, Invested Capital came in at $979.47 million in FY2024 (+26.6%), $773.55 million in FY2023 (+22.5%), $631.72 million in FY2022 (+24.8%) and $506.17 million in FY2021 (+44.3%).
- The Q2 2026 figure ranks as the highest quarterly Invested Capital in data going back to Q2 2011.
- Year over year, Invested Capital has now increased in each of the last 49 quarters, with growth averaging 30.3% over the last eight quarters.
- Over the past five years, the year-over-year growth in Invested Capital ranged from 11.9% (Q2 2024) to 53.0% (Q2 2022).
- Per Business Quant data, the three quarters before Q2 2026 came in at $1.36 billion (Q1 2026), $1.29 billion (Q4 2025) and $1.22 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 104.14 Bn | 98.86 Bn | 2.26 Bn | 13.26 Bn |
| 2 | Johnson Controls International | 91.59 Bn | 89.32 Bn | 2.47 Bn | 22.99 Bn |
| 3 | Comfort Systems Usa | 49.30 Bn | 44.56 Bn | 844.23 Mn | 3.27 Bn |
| 4 | Carrier Global | 46.68 Bn | 40.99 Bn | 1.94 Bn | 25.42 Bn |
| 5 | Otis Worldwide | 27.65 Bn | 24.06 Bn | 1.14 Bn | 2.69 Bn |
| 6 | James Hardie Industries | 15.30 Bn | 14.37 Bn | 548.70 Mn | 10.82 Bn |
| 7 | Masco | 14.84 Bn | 12.70 Bn | 868.00 Mn | 2.88 Bn |
| 8 | Carlisle Companies | 13.70 Bn | 10.04 Bn | 568.40 Mn | 4.50 Bn |
| 9 | Allegion | 13.58 Bn | 12.29 Bn | 517.50 Mn | 4.15 Bn |
| 10 | Aaon | 6.19 Bn | 6.19 Bn | 152.49 Mn | 1.45 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 |
API Access
Aaon Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=AAON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "AAON", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=AAON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();