Company / R&D Expense
AAON R&D Expense History
FY2015-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$47.3M
FY2024
5-year range
$16.6M / $47.3M
FY2020-FY2024
Trend
+8.2%
vs FY2023
Sector context
#104 of 167
Industrials
What the data says
At $47M, AAON's r&d expense ranks #104 of 167 in the Industrials sector. R&D Expense has fluctuated over the past 10 years, ranging from $8M in FY2015 to $47M in FY2024.
Based on SEC 10-K filings.
$47M in FY2024 with a 5-year CAGR of +26.2%.
Remained stable around $47M over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +41.8%
- 5-Year CAGR
- +26.2%
- 10-Year CAGR
- -
Sector benchmark
#104 of 167 in IndustrialsTop 62% of 167This company $47.3M Sector average $283.8M
▼
-83.3% below sector average
Key checks
Key Insights
- 5-year CAGR of +26.2%, indicating consistent growth.
- In FY2024, r&d expense increased 8.2% year-over-year.
- Ranks #104 out of 167 companies in the Industrials sector.
- Lowest r&d expense in the period was in FY2015.
Company context
Key Data Points
- Strong profit margin: 41.6%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | $47.3M | +8.2% |
| FY2023 | $43.7M | -6.6% |
| FY2022 | $46.8M | +181.9% |
| FY2021 | $16.6M | -4.6% |
| FY2020 | $17.4M | +17.6% |
| FY2019 | $14.8M | +9.6% |
| FY2018 | $13.5M | +3.8% |
| FY2017 | $13.0M | +8.3% |
| FY2016 | $12.0M | +60.0% |
| FY2015 | $7.5M | +19.0% |
As of FY2024 · SEC 10-K · Updated Feb 28, 2026