AAR CORP AIR

Consumer discretionary SIC 3720 - Aircraft & Parts NAICS Manufacturing › Transportation Equipment Manufacturing › Aerospace Product and Parts Manufacturing derived NYSE

AAR CORP. and its subsidiaries are referred to herein collectively as "AAR," "Company," "we," "us," and "our" unless the context indicates otherwise. AAR was incorporated in 1955 and we are a leading independent provider of solutions to the global aviation aftermarket. We offer a broad line of products and services to commercial and government aerospace customers and operate globally in over 20 countries.

During the fourth quarter of fiscal 2026, we changed our operating segment structure to realign our Integrated Solutions segment which resulted in the following changes:

● Combined our government programs activities and our Mobility Systems business, previously reported as Expeditionary Services, into a new operating segment named Government Solutions;

Last close 95.25 2026-10-23
Market cap $3.80B 2026-05-31 share count
52-week range 76.10 - 154.00

Valuation FY2025 figures against the last close

P/S1.1x
P/E19.6x
P/FCF61.2x
EV/EBITDA—
Dividend yield—
Diluted EPS4.86

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $3.31B$2.78B$2.32B$1.99B$1.82B$1.65B$2.07B$2.05B$1.75B$1.59B
Cost of revenue $2.69B$2.25B$1.88B$1.62B$1.51B——$1.72B$613.2M$539.9M
Gross profit $622.0M$527.7M$442.3M$370.1M$313.2M$275.9M$269.2M$329.8M$294.1M$263.4M
SG&A $349.3M$347.7M$312.2M$230.4M$202.2M$182.4M$220.6M$215.4M$208.1M$179.0M
Total operating expenses ———$1.85B$1.71B$1.57B$2.03B$1.95B$1.66B$1.51B
Interest expense $72.1M$75.4M$43.2M$12.2M$2.4M$5.0M$9.3M$9.5M$8.0M$5.3M
Pre-tax income $245.9M$38.9M$58.3M$121.2M$105.3M$54.0M$10.0M$12.4M$19.1M$81.6M
Income tax $58.2M$26.4M$12.0M$31.4M$26.6M$18.2M$5.6M$4.9M$3.5M$25.1M
Net income $187.7M$12.5M$46.3M$90.2M$78.7M$35.8M$4.4M$7.5M$15.6M$56.5M
EPS, basic 4.880.351.302.562.201.010.120.200.441.66
EPS, diluted 4.860.351.292.532.171.000.130.210.411.64
Shares, diluted (wtd. avg.) 38.4M35.8M35.4M35.1M36.0M35.3M35.0M34.9M34.6M34.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $84.0M$96.5M$96.1M$81.8M$58.9M$60.2M$424.7M$21.3M$31.1M$10.3M
Receivables $386.8M$354.8M$287.2M$241.3M$214.0M$166.7M$171.9M$197.8M$202.0M$234.5M
Inventory $979.0M$809.2M$733.1M$574.1M$550.5M$540.6M$623.1M$523.7M$460.7M$433.4M
Total current assets $1.74B$1.51B$1.39B$1.10B$1.01B$937.0M$1.44B$952.5M$942.7M$888.4M
Property, plant and equipment $166.9M$158.5M$171.7M$126.1M$109.6M$120.0M$135.7M$132.8M$133.2M$117.2M
Goodwill $580.3M$530.8M$554.8M$175.8M$116.4M$119.3M$115.7M$116.2M$118.7M$105.6M
Other intangibles $281.6M$219.6M$235.4M$63.7M$3.3M$4.5M$6.0M$22.2M$27.8M$30.6M
Total assets $3.36B$2.84B$2.77B$1.83B$1.57B$1.54B$2.08B$1.52B$1.52B$1.50B
Accounts payable $295.6M$303.1M$238.0M$158.5M$156.4M$127.2M$191.6M$187.8M$170.0M$164.2M
Short-term debt —————————$100.0K
Total current liabilities $613.2M$554.7M$466.9M$351.5M$348.2M$336.8M$383.1M$357.5M$333.3M$335.0M
Long-term debt $893.9M$968.0M$985.4M$269.7M$98.9M$133.7M$600.0M$141.7M$177.2M$154.1M
Total liabilities ———$1.8M——————
Retained earnings $1.16B$969.4M$956.9M$910.6M$820.4M$741.7M$706.0M$709.8M$733.2M$727.9M
Total equity $1.70B$1.21B$1.19B$1.10B$1.03B$974.4M$902.6M$905.9M$936.3M$914.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $98.7M$36.1M$43.6M$23.3M$75.2M$105.2M-$36.1M$67.4M$64.3M$21.8M
Depreciation and amortisation $72.1M$55.2M$40.2M$27.2M$33.1M$36.3M$43.7M$42.8M$40.5M$35.7M
Stock-based compensation $17.8M$19.9M$15.3M$13.5M$8.2M$9.2M$7.3M$13.5M$15.3M$11.0M
Capital expenditure $36.6M$34.7M$29.7M$29.5M$17.3M$11.3M$23.6M$17.4M$22.0M$25.2M
Investing cash flow -$308.7M$10.7M-$758.5M-$138.0M-$16.5M-$500.0K-$24.8M-$19.0M-$42.9M-$30.1M
Financing cash flow $208.6M-$33.7M$729.2M$137.7M-$59.8M-$469.5M$444.5M-$48.7M$10.0M-$12.1M
Dividends paid —————$100.0K$10.7M$10.5M$10.3M$10.2M
Buybacks —$10.1M$5.1M$50.1M$42.4M—$4.1M$10.3M$13.1M$19.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-031078.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B 4B Revenue, FY2016: 1.6B Gross profit, FY2016: 263.4M Net income, FY2016: 56.5M Revenue, FY2017: 1.7B Gross profit, FY2017: 294.1M Net income, FY2017: 15.6M Revenue, FY2018: 2.1B Gross profit, FY2018: 329.8M Net income, FY2018: 7.5M Revenue, FY2019: 2.1B Gross profit, FY2019: 269.2M Net income, FY2019: 4.4M Revenue, FY2020: 1.7B Gross profit, FY2020: 275.9M Net income, FY2020: 35.8M Revenue, FY2021: 1.8B Gross profit, FY2021: 313.2M Net income, FY2021: 78.7M Revenue, FY2022: 2B Gross profit, FY2022: 370.1M Net income, FY2022: 90.2M Revenue, FY2023: 2.3B Gross profit, FY2023: 442.3M Net income, FY2023: 46.3M Revenue, FY2024: 2.8B Gross profit, FY2024: 527.7M Net income, FY2024: 12.5M Revenue, FY2025: 3.3B Gross profit, FY2025: 622M Net income, FY2025: 187.7M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.59B $1.75B $2.05B $2.07B $1.65B $1.82B $1.99B $2.32B $2.78B $3.31B
Gross profit $263.4M $294.1M $329.8M $269.2M $275.9M $313.2M $370.1M $442.3M $527.7M $622.0M
Net income $56.5M $15.6M $7.5M $4.4M $35.8M $78.7M $90.2M $46.3M $12.5M $187.7M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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