AAR Corp
AIR
99.62
-4.41
-4.24%
AAR Corp
US · AIR
#2268 by market cap
Listed 1970
99.62
-4.41
-4.24%
Live - 5344 symbols - heartbeat 105s ago
· 2026-10-08 08:25
Pre-market
100.93
+1.31%
After-hours
99.20
-0.42%
Overnight
99.00
-0.62%
- Market cap
- 4.00B
- P/E (TTM)i
- 20.29
- P/Bi
- 2.30
- EPSi
- 4.86
- Div yieldi
- 0.00%
- 52W posi
- 30%
Reader sentiment
Are you bullish or bearish on AIR?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 3.59, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +18.97% YoY
Margins
- Gross margin
- 18.80%
- Operating margin
- 8.18%
- Net margin
- 5.67%
Key ratios & quality
- PEG ratioi
- 0.73
- Altman Z-Scorei
- 3.59
PEG uses trailing P/E against the 3-year net income growth rate (27.67%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.05B | 2.07B | 1.65B | 1.82B | 1.99B | 2.32B | 2.78B | 3.31B |
| Gross profit | 329.80M | 269.20M | 275.90M | 313.20M | 370.10M | 442.30M | 527.70M | 622.00M |
| Selling & admin expenses | 215.40M | 220.60M | 182.40M | 202.20M | 230.40M | 312.20M | 347.70M | 349.30M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 98.60M | 43.20M | 85.00M | 109.80M | 137.10M | 129.40M | 179.80M | 270.60M |
| Pretax profit | 89.00M | 30.40M | 64.50M | 105.10M | 121.20M | 58.30M | 38.90M | 245.90M |
| Tax | 4.90M | 5.60M | 18.20M | 26.60M | 31.40M | 12.00M | 26.40M | 58.20M |
| Net profit | 7.50M | 4.40M | 35.80M | 78.70M | 90.20M | 46.30M | 12.50M | 187.70M |
| Basic EPS | 0 | 0 | 1 | 2 | 3 | 1 | 0 | 5 |
| Diluted EPS | 0.20 | 0.12 | 1.00 | 2.17 | 2.53 | 1.29 | 0.35 | 4.86 |
| Line item | 2025-05 | 2025-08 | 2025-11 | 2026-02 | 2026-05 | 2026-08 |
|---|---|---|---|---|---|---|
| Revenue | 754.50M | 739.60M | 795.30M | 845.10M | 928.00M | 918.00M |
| Gross profit | 150.20M | 133.70M | 156.90M | 154.70M | 176.70M | 176.30M |
| Selling & admin expenses | 77.40M | 71.80M | 88.70M | 89.80M | 99.60M | 107.00M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 72.30M | 61.90M | 67.10M | 64.40M | 77.20M | 69.30M |
| Pretax profit | 47.60M | 47.00M | 48.10M | 93.10M | 57.70M | 55.40M |
| Tax | 13.60M | 12.60M | 13.50M | 25.10M | 7.00M | 15.30M |
| Net profit | 34.00M | 34.40M | 34.60M | 68.00M | 50.70M | 40.10M |
| Basic EPS | 1 | 1 | 1 | 2 | 1 | 1 |
| Diluted EPS | 0.95 | 0.95 | 0.90 | 1.71 | 1.27 | 1.00 |
Balance sheet
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 952.50M | 1.44B | 937.00M | 1.01B | 1.10B | 1.39B | 1.51B | 1.74B |
| Cash & ST investments | 21.30M | 404.70M | 51.80M | 53.50M | 68.40M | 85.80M | 96.50M | 84.00M |
| Inventory | 523.70M | 623.10M | 540.60M | 550.50M | 574.10M | 733.10M | 809.20M | 979.00M |
| Total assets | 1.52B | 2.08B | 1.54B | 1.57B | 1.83B | 2.77B | 2.84B | 3.36B |
| Total current liabilities | 357.50M | 383.10M | 336.80M | 348.20M | 351.50M | 466.90M | 554.70M | 613.20M |
| Short-term debt | -- | -- | -- | -- | -- | -- | -- | -- |
| Long-term debt | 141.70M | 600.00M | 133.70M | 98.90M | 269.70M | 985.40M | 968.00M | 893.90M |
| Total liabilities | 611,300,000.00 | 1,176,400,000.00 | 565,300,000.00 | 539,400,000.00 | 734,000,000.00 | 1,580,200,000.00 | 1,633,000,000.00 | 1,652,100,000.00 |
| Total equity | 905.90M | 902.60M | 974.40M | 1.03B | 1.10B | 1.19B | 1.21B | 1.70B |
| Retained earnings | 709.80M | 706.00M | 741.70M | 820.40M | 910.60M | 956.90M | 969.40M | 1.16B |
| Line item | 2025-05 | 2025-08 | 2025-11 | 2026-02 | 2026-05 | 2026-08 |
|---|---|---|---|---|---|---|
| Total current assets | 1.51B | 1.57B | 1.69B | 1.76B | 1.74B | 1.84B |
| Cash & ST investments | 96.50M | 80.00M | 75.60M | 78.50M | 84.00M | 104.50M |
| Inventory | 809.20M | 861.50M | 910.80M | 958.20M | 979.00M | 1.01B |
| Total assets | 2.84B | 2.93B | 3.24B | 3.33B | 3.36B | 3.43B |
| Total current liabilities | 554.70M | 538.50M | 594.20M | 653.00M | 613.20M | 650.70M |
| Short-term debt | -- | -- | -- | -- | -- | -- |
| Long-term debt | 968.00M | 1.02B | 952.70M | 888.30M | 893.90M | 879.60M |
| Total liabilities | 1,633,000,000.00 | 1,680,400,000.00 | 1,681,300,000.00 | 1,689,100,000.00 | 1,652,100,000.00 | 1,684,500,000.00 |
| Total equity | 1.21B | 1.25B | 1.56B | 1.64B | 1.70B | 1.74B |
| Retained earnings | 969.40M | 1.00B | 1.04B | 1.11B | 1.16B | 1.20B |
Cash flow
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 67.40M | -36.10M | 105.20M | 75.20M | 23.30M | 43.60M | 36.10M | 98.70M |
| Depreciation & amortization | 42.80M | 43.70M | 36.30M | 33.10M | 27.20M | 40.20M | 55.20M | 72.10M |
| Free cash flow | 50.00M | -59.70M | 93.90M | 57.90M | -6.20M | 12.40M | -2.60M | 33.30M |
| Dividends paid | -10.50M | -10.70M | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -10.30M | -4.10M | 0 | -42.40M | -50.10M | -5.10M | -10.10M | 273.90M |
| Ending cash balance | 41.10M | 424.70M | 60.20M | 58.90M | 81.80M | 96.10M | 109.20M | 107.80M |
| Line item | 2025-05 | 2025-08 | 2025-11 | 2026-02 | 2026-05 | 2026-08 |
|---|---|---|---|---|---|---|
| Operating cash flow | 51.40M | -44.90M | 13.60M | 74.70M | 55.30M | 55.80M |
| Depreciation & amortization | 13.70M | 14.50M | 16.40M | 20.20M | 21.00M | 19.60M |
| Free cash flow | 39.00M | -57.80M | 10.40M | 41.70M | 39.00M | 43.50M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -10.10M | -- | -- | 0 | 0 | -- |
| Ending cash balance | 109.20M | 91.60M | 96.20M | 100.10M | 107.80M | 113.10M |
Returns & efficiency
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 0.77 | 0.48 | 3.77 | 7.78 | 8.35 | 4.00 | 1.04 | 12.88 |
| ROA %i | 0.47 | 0.24 | 1.96 | 5.02 | 5.23 | 1.99 | 0.45 | 6.05 |
| ROIC %i | 1.40 | 0.88 | 2.83 | 6.77 | 7.47 | 4.27 | 2.98 | 9.74 |
| 5-year avg ROE %i | 3.06 | 2.94 | 2.59 | 2.88 | 4.25 | 4.90 | 5.02 | 6.84 |
| EBIT margin %i | 4.80 | 1.92 | 4.21 | 5.91 | 6.70 | 4.38 | 4.11 | 9.61 |
| FCF / sales %i | 2.44 | -- | 5.68 | 3.18 | -- | 0.60 | 0.05 | 1.01 |
| Current ratioi | 2.66 | 3.76 | 2.78 | 2.89 | 3.12 | 2.98 | 2.72 | 2.84 |
| Quick ratioi | 0.78 | 1.63 | 0.86 | 0.98 | 1.13 | 1.06 | 1.07 | 1.01 |
| Debt / assetsi | 9.34 | 32.27 | 12.57 | 9.93 | 17.34 | 38.47 | 36.83 | 29.65 |
| LT debt / equityi | 15.64 | 74.33 | 19.87 | 15.11 | 28.92 | 89.57 | 86.46 | 58.40 |
| Interest coveragei | 10.37 | 4.27 | 13.90 | 44.79 | 10.93 | 2.35 | 1.52 | 4.41 |
| Revenue CAGR (3Y) %i | 10.39 | 9.21 | -1.86 | -3.92 | -1.33 | 11.96 | 15.17 | 18.45 |
| Net income CAGR (3Y) %i | -46.03 | -57.30 | 31.90 | 118.93 | 173.69 | 8.95 | -45.84 | 27.67 |
| FCF CAGR (3Y) %i | -- | -- | 30.45 | 5.01 | -- | -49.08 | -- | -- |
| Line item | 2025-05 | 2025-08 | 2025-11 | 2026-02 | 2026-05 | 2026-08 |
|---|---|---|---|---|---|---|
| ROE %i | 1.04 | 2.35 | 6.86 | 12.10 | 12.88 | 12.93 |
| ROA %i | 0.45 | 1.01 | 3.09 | 5.52 | 6.05 | 6.09 |
| ROIC %i | 2.98 | 3.63 | 6.05 | 9.14 | 9.74 | 9.68 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 4.11 | 4.77 | 6.97 | 9.89 | 9.61 | 9.30 |
| FCF / sales %i | 0.05 | -- | -- | 1.19 | 1.01 | 3.86 |
| Current ratioi | 2.72 | 2.91 | 2.84 | 2.70 | 2.84 | 2.83 |
| Quick ratioi | 1.07 | 1.10 | 1.06 | 0.99 | 1.01 | 1.06 |
| Debt / assetsi | 36.83 | 37.55 | 32.21 | 29.40 | 29.65 | 28.55 |
| LT debt / equityi | 86.46 | 88.05 | 66.89 | 59.61 | 58.40 | 56.15 |
| Interest coveragei | 1.52 | 1.81 | 2.75 | 4.18 | 4.41 | 4.64 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- Parts Supply is the largest reported line at 47.03% of revenue, across 5 reported segments.
- Repair, Engineering, and Software follows at 34.30%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
Parts Supply47.03%
Repair, Engineering, and Software34.30%
Government Solutions15.32%
Legacy Commercial Programs7.57%
Quote time 2026-10-08 08:25:04 · For reference only, not investment advice and not tailored to your situation.