Aaon (AAON) Return on Capital Employed [ROCE] (2009 - 2026)
Aaon's Return on Capital Employed [ROCE] came in at 14.27% for Q2 2026, up 0.78 percentage points from 13.49% a year earlier and up 2.07 percentage points from the prior quarter.
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Analysis
Aaon (AAON) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Aaon's Return on Capital Employed [ROCE] was 13.30%, down 10.38 percentage points from FY2024.
- Return on Capital Employed [ROCE] carries a five-year change of -15.70 percentage points (FY2020 to FY2025).
- Going back by year, Return on Capital Employed [ROCE] was 23.67% in FY2024 (-6.62 pp), 30.30% in FY2023 (+8.68 pp), 21.61% in FY2022 (+6.65 pp) and 14.96% in FY2021 (-14.03 pp).
- The Q2 2026 figure represents the highest quarterly Return on Capital Employed [ROCE] since Q1 2025.
- Year-over-year, Return on Capital Employed [ROCE] increased in two of the last eight quarters, with an average year-over-year change of -7.80 percentage points.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in Q2 2023 (a gain of 13.15 percentage points), and the weakest in Q3 2025 (a drop of 16.83 percentage points).
- Business Quant data shows AAON's Return on Capital Employed [ROCE] at 12.20% (Q1 2026), 11.43% (Q4 2025) and 10.83% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 92.12 Bn | 86.76 Bn | 2.38 Bn | 25.76% |
| 2 | Johnson Controls International | 85.49 Bn | 85.52 Bn | 2.71 Bn | - |
| 3 | Carrier Global | 43.38 Bn | 38.12 Bn | 1.90 Bn | -4.09% |
| 4 | Comfort Systems Usa | 38.65 Bn | 32.60 Bn | 934.48 Mn | 30.59% |
| 5 | Otis Worldwide | 29.75 Bn | 26.31 Bn | 1.16 Bn | 73.03% |
| 6 | James Hardie Industries | 16.90 Bn | 16.08 Bn | 562.40 Mn | 6.26% |
| 7 | Masco | 16.35 Bn | 14.41 Bn | 720.00 Mn | 36.93% |
| 8 | Allegion | 15.98 Bn | 14.60 Bn | 548.20 Mn | 20.57% |
| 9 | Carlisle Companies | 15.35 Bn | 12.26 Bn | 494.90 Mn | 19.33% |
| 10 | Aaon | 6.19 Bn | 6.19 Bn | 188.54 Mn | 18.16% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 18.16% |
| Jun 30, 2026 | 14.84% |
| Mar 31, 2026 | 11.84% |
| 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% |
API Access
Aaon Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=AAON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=AAON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();