Aaon (AAON) Return on Capital Employed (2011 - 2025)

Aaon's (AAON) quarterly Return on Capital Employed came in at 11.43% in Q4 2025, down 1110.0% year-on-year from 1.13% in Q4 2024, and up 5.58% quarter-over-quarter from 10.83% in Q3 2025.

Aaon (AAON) Return on Capital Employed (2011 - 2025) Analysis & Trends

Aaon has disclosed Return on Capital Employed across 15 years of filings, most recently posting 11.43% for Q4 2025.

  • Return on Capital Employed for Q4 2025 came in at 11.43%, down 1110.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 11.43% (down 1110.0% YoY), and the FY2025 annual result was 13.3%, down 1038.0% from the prior year.
  • Return on Capital Employed came in at 11.43% for Q4 2025 at Aaon, up from 10.83% in the prior quarter.
  • In the past five years, Return on Capital Employed ranged from a high of 28.88% in Q2 2024 to a low of 10.83% in Q3 2025.
  • The 5-year median for Return on Capital Employed is 20.79% (2021), against an average of 19.97%.
  • Across the five-year window, Return on Capital Employed surged 1315 bps in 2023 and tumbled 1683 bps in 2025, its largest moves.
  • Aaon's Return on Capital Employed stood at 13.95% in 2021, then jumped by 39 bps to 19.37% in 2022, then surged by 44 bps to 27.87% in 2023, then fell by 19 bps to 22.53% in 2024, then tumbled by 49 bps to 11.43% in 2025.
  • The last three Return on Capital Employed figures came in at 11.43% (Q4 2025), 10.83% (Q3 2025), and 13.49% (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Trane Technologies 107.22 Bn 106.17 Bn 1.73 Bn 26.55%
2 Johnson Controls International 89.13 Bn 88.60 Bn 2.07 Bn 11.49%
3 Carrier Global 60.07 Bn 59.04 Bn 4.82 Bn 6.30%
4 Lennox International 18.56 Bn 18.51 Bn 351.30 Mn 35.83%
5 Masco 15.26 Bn 15.14 Bn 686.00 Mn 35.86%
6 Carlisle Companies 14.75 Bn 13.98 Bn 363.20 Mn 18.08%
7 SPX Technologies 12.03 Bn 11.87 Bn 230.60 Mn 11.39%
8 Advanced Drainage Systems 11.45 Bn 11.30 Bn 237.66 Mn 16.23%
9 Aaon 11.16 Bn 11.16 Bn 109.77 Mn 11.43%
10 Owens Corning 10.30 Bn 10.07 Bn 510.00 Mn 0.73%

Historic Data

Download Data
DateValue
Dec 31, 2025 11.43%
Sep 30, 2025 10.83%
Jun 30, 2025 13.49%
Mar 31, 2025 19.13%
Dec 31, 2024 22.53%
Sep 30, 2024 27.65%
Jun 30, 2024 28.88%
Mar 31, 2024 28.01%
Dec 31, 2023 27.87%
Sep 30, 2023 26.38%
Jun 30, 2023 24.45%
Mar 31, 2023 21.05%
Dec 31, 2022 19.37%
Sep 30, 2022 13.39%
Jun 30, 2022 11.30%
Mar 31, 2022 12.96%
Dec 31, 2021 13.95%
Sep 30, 2021 20.53%
Jun 30, 2021 23.00%
Mar 31, 2021 23.15%