Aaon (AAON) Operating Expenses (2010 - 2026)
Aaon (AAON) posted Operating Expenses of $65.8 million for Q4 2025, up 4.08% sequentially from $63.2 million in Q3 2025, and up 36.55% YoY from $48.2 million in Q4 2024.
Aaon (AAON) Operating Expenses (2010 - 2026) Analysis & Trends
Aaon has reported Operating Expenses for 16 years, with the latest figure at $65.8 million in Q4 2025.
- Quarterly Operating Expenses rose 36.55% year-over-year to $65.8 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $239.5 million (up 27.37% YoY) and the FY2025 annual result came in at $239.5 million, up 27.37% from the prior year.
- Operating Expenses advanced to $65.8 million in Q4 2025 per AAON's latest filing, from $63.2 million in the prior quarter.
- Over five years, Operating Expenses peaked at $65.8 million in Q4 2025 and troughed at $14.7 million in Q1 2021.
- A 5-year average of $38.9 million and a median of $42.3 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 81.74% in 2022, then retreated 5.5% in 2024.
- Over 5 years, Operating Expenses stood at $21.1 million in 2021, then surged by 51.32% to $31.9 million in 2022, then surged by 49.81% to $47.9 million in 2023, then advanced by 0.71% to $48.2 million in 2024, then surged by 36.55% to $65.8 million in 2025.
- According to Business Quant data, Operating Expenses over the past three periods registered $65.8 million, $63.2 million, and $59.1 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 100.21 Bn | 98.89 Bn | 2.26 Bn | 1.04 Bn |
| 2 | Johnson Controls International | 87.02 Bn | 86.38 Bn | 2.47 Bn | 1.49 Bn |
| 3 | Carrier Global | 50.08 Bn | 48.73 Bn | 1.94 Bn | 5.58 Bn |
| 4 | Carlisle Companies | 14.80 Bn | 14.14 Bn | 568.40 Mn | 210.70 Mn |
| 5 | Masco | 14.60 Bn | 14.06 Bn | 868.00 Mn | 397.00 Mn |
| 6 | Lennox International | 13.99 Bn | 13.94 Bn | 539.50 Mn | 183.10 Mn |
| 7 | Owens Corning | 11.96 Bn | 11.69 Bn | 793.00 Mn | 311.00 Mn |
| 8 | Advanced Drainage Systems | 11.02 Bn | 10.86 Bn | 408.05 Mn | 130.82 Mn |
| 9 | SPX Technologies | 10.33 Bn | 10.16 Bn | 272.80 Mn | 15.80 Mn |
| 10 | Aaon | 6.53 Bn | 6.53 Bn | 152.49 Mn | 83.61 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 83.61 Mn |
| Dec 31, 2025 | 65.81 Mn |
| Sep 30, 2025 | 63.23 Mn |
| Jun 30, 2025 | 59.15 Mn |
| Mar 31, 2025 | 51.29 Mn |
| Dec 31, 2024 | 48.19 Mn |
| Sep 30, 2024 | 48.64 Mn |
| Jun 30, 2024 | 45.90 Mn |
| Mar 31, 2024 | 45.29 Mn |
| Dec 31, 2023 | 47.86 Mn |
| Sep 30, 2023 | 51.47 Mn |
| Jun 30, 2023 | 39.27 Mn |
| Mar 31, 2023 | 32.94 Mn |
| Dec 31, 2022 | 31.94 Mn |
| Sep 30, 2022 | 28.89 Mn |
| Jun 30, 2022 | 26.93 Mn |
| Mar 31, 2022 | 23.06 Mn |
| Dec 31, 2021 | 21.11 Mn |
| Sep 30, 2021 | 15.90 Mn |
| Jun 30, 2021 | 16.90 Mn |