Aaon (AAON) Operating Expenses (2010 - 2025)

Aaon's (AAON) quarterly Operating Expenses came in at $65.8 million in Q4 2025, up 36.55% year-on-year from $48.2 million in Q4 2024, and up 4.08% quarter-over-quarter from $63.2 million in Q3 2025.

Aaon (AAON) Operating Expenses (2010 - 2025) Analysis & Trends

Aaon has disclosed Operating Expenses across 16 years of filings, most recently posting $65.8 million for Q4 2025.

  • Operating Expenses for Q4 2025 came in at $65.8 million, up 36.55% year-over-year; the trailing twelve-month figure through Dec 2025 was $239.5 million (up 27.37% YoY), and the FY2025 annual result was $239.5 million, up 27.37% from the prior year.
  • Operating Expenses came in at $65.8 million for Q4 2025 at Aaon, up from $63.2 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $65.8 million in Q4 2025 to a low of $14.7 million in Q1 2021.
  • The 5-year median for Operating Expenses is $42.3 million (2023), against an average of $38.9 million.
  • Across the five-year window, Operating Expenses surged 81.74% in 2022 and declined 5.5% in 2024, its largest moves.
  • Aaon's Operating Expenses stood at $21.1 million in 2021, then soared by 51.32% to $31.9 million in 2022, then soared by 49.81% to $47.9 million in 2023, then rose by 0.71% to $48.2 million in 2024, then soared by 36.55% to $65.8 million in 2025.
  • The last three Operating Expenses figures came in at $65.8 million (Q4 2025), $63.2 million (Q3 2025), and $59.1 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Trane Technologies 107.22 Bn 106.17 Bn 1.73 Bn 952.00 Mn
2 Johnson Controls International 89.13 Bn 88.60 Bn 2.07 Bn 1.22 Bn
3 Carrier Global 60.07 Bn 59.04 Bn 4.82 Bn 5.10 Bn
4 Lennox International 18.56 Bn 18.51 Bn 351.30 Mn 185.20 Mn
5 Masco 15.26 Bn 15.14 Bn 686.00 Mn 369.00 Mn
6 Carlisle Companies 14.75 Bn 13.98 Bn 363.20 Mn 183.90 Mn
7 SPX Technologies 12.03 Bn 11.87 Bn 230.60 Mn 14.50 Mn
8 Advanced Drainage Systems 11.45 Bn 11.30 Bn 237.66 Mn -
9 Aaon 11.16 Bn 11.16 Bn 109.77 Mn 65.81 Mn
10 Owens Corning 10.30 Bn 10.07 Bn 510.00 Mn 390.00 Mn

Historic Data

Download Data
DateValue
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
Mar 31, 2021 14.70 Mn