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| Date | Value |
|---|---|
| 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 |