What is Aar Corp's earnings per share (EPS)?

Aar Corp (AIR) reported diluted earnings per share of $4.86 for fiscal year 2026. This represents a 1288.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Aar Corp Financials

AIR

FY2026 annual

Revenue $3.3B +19.0% YoY

Net Income $187.7M +1401.6% YoY

EPS (Diluted) $4.86 +1288.6% YoY

Free Cash Flow $62.1M +4335.7% YoY

Source SEC Filings (10-K/10-Q) Data as of May 31, 2026 Currency USD FYE May

Aar Corp (AIR) reported $3.3B in revenue for fiscal year 2026, up 19.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI AIR FY2026 2026-07-22

AIR’s recent financials show a debt-funded scale-up that now relies on absorbing fixed costs rather than expanding gross margin.

Gross margin stability near 19.0% from FY2024 through FY2026, even as net margin moved from 0.5% to 5.7%, means the profit swing happened mostly below gross profit rather than in the core markup on sales. In practice, the enlarged balance sheet created in FY2024 first added interest and overhead drag, then became easier to absorb once revenue caught up.

FY2024 was a balance-sheet reset: goodwill climbed to $554.8M and long-term debt to $985.4M, a pattern more consistent with purchased scale than with gradual expansion. By FY2026, deleveraging to 0.5x debt-to-equity coincided with return on assets rebounding to 5.6%, suggesting the larger asset base finally started earning through the financing burden.

Cash conversion still lagged accounting profit in FY2026: operating cash flow was $98.7M versus net income of $187.7M, so reported earnings did not fully arrive as cash. And with inventory-heavy liquidity—$979.0M of inventory against $84.0M of cash—the healthy current ratio depends more on stock turning than on cash sitting idle.

Financial Health Signals

Financial Health Score 41/100

Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Aar Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Not available for Aar Corp, and counted as zero in the overall score.

Growth

Aar Corp's revenue surged 19.0% year-over-year to $3.3B, reflecting rapid business expansion. This strong growth earns a score of 81/100.

Leverage

Aar Corp has a moderate D/E ratio of 0.52. This balance of debt and equity financing earns a leverage score of 59/100.

Liquidity

With a current ratio of 2.84, Aar Corp holds $2.84 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 75/100.

Cash Flow

Aar Corp has a free cash flow margin of 1.9%, earning a moderate score of 32/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Not available for Aar Corp, and counted as zero in the overall score.

Piotroski F-Score Neutral

6/9

Aar Corp passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

0.53x

For every $1 of reported earnings, Aar Corp generates $0.53 in operating cash flow ($98.7M OCF vs $187.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$3.3B

YoY+19.0%

5Y CAGR+14.9%

10Y CAGR+8.0%

Aar Corp generated $3.3B in revenue in fiscal year 2026. This represents an increase of 19.0% from the prior year.

Net Income

$187.7M

YoY+1401.6%

5Y CAGR+39.3%

10Y CAGR+14.7%

Aar Corp reported $187.7M in net income in fiscal year 2026. This represents an increase of 1401.6% from the prior year.

EPS (Diluted)

$4.86

YoY+1288.6%

5Y CAGR+37.2%

10Y CAGR+13.5%

Aar Corp earned $4.86 per diluted share (EPS) in fiscal year 2026. This represents an increase of 1288.6% from the prior year.

EBITDA

Not reported for fiscal year 2026.

Cash & Balance Sheet

Free Cash Flow

$62.1M

YoY+4335.7%

5Y CAGR-7.9%

Aar Corp generated $62.1M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 4335.7% from the prior year.

Cash & Debt

$84.0M

YoY-13.0%

5Y CAGR+10.2%

10Y CAGR+10.4%

Aar Corp held $84.0M in cash against $893.9M in long-term debt as of fiscal year 2026.

Shares Outstanding

40M

YoY+11.3%

5Y CAGR+2.4%

10Y CAGR+1.4%

Aar Corp had 40M shares outstanding in fiscal year 2026. This represents an increase of 11.3% from the prior year.

Dividends Per Share

Not reported for fiscal year 2026.

Margins & Returns

Gross Margin

18.8%

YoY-0.2pp

5Y CAGR+2.1pp

10Y CAGR+3.5pp

Aar Corp's gross margin was 18.8% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 0.2 percentage points from the prior year.

Net Margin

5.7%

YoY+5.2pp

5Y CAGR+3.5pp

10Y CAGR+2.5pp

Aar Corp's net profit margin was 5.7% in fiscal year 2026, showing the share of revenue converted to profit. This is up 5.2 percentage points from the prior year.

Return on Equity

11.0%

YoY+10.0pp

5Y CAGR+7.4pp

10Y CAGR+5.5pp

Aar Corp's ROE was 11.0% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 10.0 percentage points from the prior year.

Operating Margin

Not reported for fiscal year 2026.

Capital Allocation

Capital Expenditures

$36.6M

YoY+5.5%

5Y CAGR+26.5%

10Y CAGR-0.9%

Aar Corp invested $36.6M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 5.5% from the prior year.

R&D Spending

Not reported for fiscal year 2026.

Share Buybacks

Not reported for fiscal year 2026.

AIR Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

AIR annual income statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12
Revenue	$3.3B+19.0%	$2.8B+19.9%	$2.3B+16.5%	$2.0B+9.4%	$1.8B+10.1%	$1.7B-20.3%	$2.1B+1.0%	$2.1B+17.4%	$1.7B+9.9%	$1.6B+4.3%	$1.5B-5.9%	$1.6B-5.1%	$1.7B-5.5%	$1.8B-12.5%	$2.1B
Cost of Revenue	$2.7B+19.2%	$2.3B+20.0%	$1.9B+15.8%	$1.6B+7.5%	$1.5B	N/A	N/A	$1.7B+104.9%	$840.5M+6.7%	$787.5M+0.3%	$785.3M-11.9%	$891.0M+12.2%	$794.0M-5.6%	$840.9M-30.4%	$1.2B
Gross Profit	$622.0M+17.9%	$527.7M+19.3%	$442.3M+19.5%	$370.1M+18.2%	$313.2M+13.5%	$275.9M+2.5%	$269.2M-18.4%	$329.8M+12.1%	$294.1M+11.7%	$263.4M+13.0%	$233.1M+78.2%	$130.8M-54.7%	$288.9M+11.3%	$259.5M-18.5%	$318.6M
SG&A Expenses	$349.3M+0.5%	$347.7M+11.4%	$312.2M+35.5%	$230.4M+13.9%	$202.2M+10.9%	$182.4M-17.3%	$220.6M+2.4%	$215.4M+3.5%	$208.1M+16.3%	$179.0M+13.6%	$157.6M-8.6%	$172.4M+3.7%	$166.3M+1.4%	$164.0M-13.4%	$189.4M
Interest Expense	$72.1M-4.4%	$75.4M+74.5%	$43.2M+254.1%	$12.2M+408.3%	$2.4M-52.0%	$5.0M-46.2%	$9.3M-2.1%	$9.5M+18.8%	$8.0M+50.9%	$5.3M-17.2%	$6.4M-76.5%	$27.2M-3.9%	$28.3M-2.7%	$29.1M-22.8%	$37.7M
Income Tax	$58.2M+120.5%	$26.4M+120.0%	$12.0M-61.8%	$31.4M+18.0%	$26.6M+46.2%	$18.2M+225.0%	$5.6M+14.3%	$4.9M+40.0%	$3.5M-86.1%	$25.1M+7.3%	$23.4M+159.5%	-$39.3M-224.4%	$31.6M+24.4%	$25.4M-0.4%	$25.5M
Net Income	$187.7M+1401.6%	$12.5M-73.0%	$46.3M-48.7%	$90.2M+14.6%	$78.7M+119.8%	$35.8M+713.6%	$4.4M-41.3%	$7.5M-51.9%	$15.6M-72.4%	$56.5M+18.4%	$47.7M+367.6%	$10.2M-86.0%	$72.9M+32.5%	$55.0M-18.8%	$67.7M
EPS (Diluted)	$4.86+1288.6%	$0.35-72.9%	$1.29-49.0%	$2.53+16.6%	$2.17+117.0%	$1.00+669.2%	$0.13-38.1%	$0.21-48.8%	$0.41-75.0%	$1.64+19.7%	$1.37+470.8%	$0.24-86.9%	$1.83+32.6%	$1.38-16.4%	$1.65

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	$928.0M+9.8%	$845.1M+6.3%	$795.3M+7.5%	$739.6M-2.0%	$754.5M+11.3%	$678.2M-1.2%	$686.1M+3.7%	$661.7M
Cost of Revenue	$751.3M+8.8%	$690.4M+8.1%	$638.4M+5.4%	$605.9M+0.3%	$604.3M+10.6%	$546.5M-2.0%	$557.5M+2.4%	$544.5M
Gross Profit	$176.7M+14.2%	$154.7M-1.4%	$156.9M+17.4%	$133.7M-11.0%	$150.2M+14.0%	$131.7M+2.4%	$128.6M+9.7%	$117.2M
SG&A Expenses	$99.6M+10.9%	$89.8M+1.2%	$88.7M+24.6%	$71.2M-8.0%	$77.4M+26.3%	$61.3M-53.9%	$133.1M+75.4%	$75.9M
Interest Expense	$16.7M-4.6%	$17.5M-8.4%	$19.1M+1.6%	$18.8M0.0%	$18.8M+1.6%	$18.5M-4.1%	$19.3M+2.7%	$18.8M
Income Tax	$7.0M-72.1%	$25.1M+85.9%	$13.5M+7.1%	$12.6M-7.4%	$13.6M+718.2%	-$2.2M-127.2%	$8.1M+17.4%	$6.9M
Net Income	$50.7M-25.4%	$68.0M+96.5%	$34.6M+0.6%	$34.4M+1.2%	$34.0M+482.0%	-$8.9M+70.9%	-$30.6M-270.0%	$18.0M
EPS (Diluted)	N/A	$1.71+90.0%	$0.90-5.3%	$0.95	N/A	-$0.25+71.3%	-$0.87-274.0%	$0.50

Not reported in any period shown, so not listed: R&D Expenses, Operating Income.

AIR Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

AIR annual balance sheet

Metric	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12
Total Assets	$3.4B+18.0%	$2.8B+2.7%	$2.8B+51.1%	$1.8B+16.5%	$1.6B+2.2%	$1.5B-25.9%	$2.1B+37.0%	$1.5B-0.5%	$1.5B+1.4%	$1.5B+3.3%	$1.5B+0.1%	$1.5B-32.7%	$2.2B+1.1%	$2.1B-2.7%	$2.2B
Current Assets	$1.7B+15.3%	$1.5B+8.7%	$1.4B+26.6%	$1.1B+9.0%	$1.0B+7.5%	$937.0M-34.9%	$1.4B+51.0%	$952.5M+1.0%	$942.7M+6.1%	$888.4M+0.8%	$881.7M-1.6%	$895.8M-19.4%	$1.1B+7.5%	$1.0B-2.8%	$1.1B
Cash & Equivalents	$84.0M-13.0%	$96.5M+12.5%	$85.8M+25.4%	$68.4M+27.9%	$53.5M+3.3%	$51.8M-87.2%	$404.7M+1800.0%	$21.3M-31.5%	$31.1M+201.9%	$10.3M-67.0%	$31.2M-43.0%	$54.7M-38.7%	$89.2M+18.5%	$75.3M+11.2%	$67.7M
Inventory	$979.0M+21.0%	$809.2M+10.4%	$733.1M+27.7%	$574.1M+4.3%	$550.5M+1.8%	$540.6M-13.2%	$623.1M+19.0%	$523.7M+18.1%	$443.4M+2.3%	$433.4M-4.1%	$452.0M-0.9%	$456.0M-7.9%	$495.3M+9.2%	$453.7M-1.6%	$461.2M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	$166.7M-3.0%	$171.9M-13.1%	$197.8M+15.9%	$170.6M-27.2%	$234.5M-5.6%	$248.3M+8.4%	$229.0M-19.1%	$283.1M-4.8%	$297.4M-1.6%	$302.1M
Goodwill	$580.3M+9.3%	$530.8M-4.3%	$554.8M+215.6%	$175.8M+51.0%	$116.4M-2.4%	$119.3M+3.1%	$115.7M-0.4%	$116.2M-2.1%	$118.7M+12.4%	$105.6M-1.8%	$107.5M-13.0%	$123.5M-52.8%	$261.7M+2.4%	$255.6M-2.7%	$262.6M
Total Liabilities	$1.7B+1.2%	$1.6B+3.3%	$1.6B+115.3%	$734.0M+36.1%	$539.4M-4.6%	$565.3M-51.9%	$1.2B+92.4%	$611.3M+3.9%	$588.4M-0.3%	$589.9M-0.1%	$590.2M-3.1%	$609.0M-47.5%	$1.2B-4.8%	$1.2B-8.5%	$1.3B
Current Liabilities	$613.2M+10.5%	$554.7M+18.8%	$466.9M+32.8%	$351.5M+0.9%	$348.2M+3.4%	$336.8M-12.1%	$383.1M+7.2%	$357.5M+7.3%	$333.3M-0.5%	$335.0M-1.9%	$341.4M-17.1%	$412.0M+2.5%	$402.1M+3.4%	$389.0M-17.8%	$473.2M
Long-Term Debt	$893.9M-7.7%	$968.0M-1.8%	$985.4M+265.4%	$269.7M+172.7%	$98.9M-26.0%	$133.7M-77.7%	$600.0M+323.4%	$141.7M-20.0%	$177.2M+15.0%	$154.1M+13.2%	$136.1M+65.2%	$82.4M-85.4%	$564.3M-9.3%	$622.2M-7.1%	$669.4M
Total Equity	$1.7B+40.6%	$1.2B+1.8%	$1.2B+8.3%	$1.1B+6.2%	$1.0B+6.2%	$974.4M+8.0%	$902.6M-0.4%	$905.9M-3.2%	$936.3M+2.4%	$914.2M+5.6%	$865.8M+2.4%	$845.1M-15.4%	$999.5M+8.8%	$918.6M+6.2%	$864.6M
Retained Earnings	$1.2B+19.4%	$969.4M+1.3%	$956.9M+5.1%	$910.6M+11.0%	$820.4M+10.6%	$741.7M+5.1%	$706.0M-0.9%	$712.3M-0.1%	$712.8M-2.1%	$727.9M+6.8%	$681.6M+5.8%	$644.3M-0.3%	$646.0M+10.4%	$584.9M+8.0%	$541.8M

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	$3.4B+0.7%	$3.3B+2.8%	$3.2B+10.7%	$2.9B+3.0%	$2.8B-0.5%	$2.9B+0.3%	$2.8B+2.4%	$2.8B
Current Assets	$1.7B-1.2%	$1.8B+4.3%	$1.7B+7.9%	$1.6B+3.7%	$1.5B-1.6%	$1.5B+2.5%	$1.5B+5.0%	$1.4B
Cash & Equivalents	$84.0M+7.0%	$78.5M+3.8%	$75.6M-5.5%	$80.0M-17.1%	$96.5M+14.3%	$84.4M+36.8%	$61.7M+25.2%	$49.3M
Inventory	$979.0M+2.2%	$958.2M+5.2%	$910.8M+5.7%	$861.5M+6.5%	$809.2M+4.3%	$775.7M-1.8%	$790.0M+5.6%	$748.2M
Goodwill	$580.3M+5.1%	$552.3M0.0%	$552.2M+1.7%	$543.1M+2.3%	$530.8M+0.5%	$528.4M-2.7%	$543.2M-1.7%	$552.6M
Total Liabilities	$1.7B-2.2%	$1.7B+0.5%	$1.7B+0.1%	$1.7B+2.9%	$1.6B-2.6%	$1.7B+0.5%	$1.7B+6.0%	$1.6B
Current Liabilities	$613.2M-6.1%	$653.0M+9.9%	$594.2M+10.3%	$538.5M-2.9%	$554.7M+1.7%	$545.2M-2.3%	$558.3M+19.6%	$466.9M
Long-Term Debt	$893.9M+0.6%	$888.3M-6.8%	$952.7M-6.8%	$1.0B+5.6%	$968.0M-5.3%	$1.0B+3.6%	$986.7M+0.6%	$981.0M
Total Equity	$1.7B+3.7%	$1.6B+5.3%	$1.6B+25.0%	$1.2B+3.1%	$1.2B+2.5%	$1.2B+0.1%	$1.2B-2.4%	$1.2B
Retained Earnings	$1.2B+4.6%	$1.1B+6.5%	$1.0B+3.4%	$1.0B+3.5%	$969.4M+3.6%	$935.4M-0.9%	$944.3M-3.1%	$974.9M

AIR Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

AIR annual cash flow statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12
Operating Cash Flow	$98.7M+173.4%	$36.1M-17.2%	$43.6M+87.1%	$23.3M-69.0%	$75.2M-28.5%	$105.2M+391.4%	-$36.1M-153.6%	$67.4M+4.8%	$64.3M+195.0%	$21.8M-32.1%	$32.1M+174.7%	-$43.0M-130.8%	$139.8M-14.2%	$162.9M+72.9%	$94.2M
Capital Expenditures	$36.6M+5.5%	$34.7M+16.8%	$29.7M+0.7%	$29.5M+70.5%	$17.3M+53.1%	$11.3M-52.1%	$23.6M+35.6%	$17.4M-20.9%	$22.0M-12.7%	$25.2M-37.2%	$40.1M-4.8%	$42.1M+102.4%	$20.8M-44.7%	$37.6M-58.8%	$91.2M
Free Cash Flow	$62.1M+4335.7%	$1.4M-89.9%	$13.9M+324.2%	-$6.2M-110.7%	$57.9M-38.3%	$93.9M+257.3%	-$59.7M-219.4%	$50.0M+18.2%	$42.3M+1344.1%	-$3.4M+57.5%	-$8.0M+90.6%	-$85.1M-171.5%	$119.0M-5.0%	$125.3M+4076.7%	$3.0M
Investing Cash Flow	-$308.7M-2985.0%	$10.7M+101.4%	-$758.5M-449.6%	-$138.0M-736.4%	-$16.5M-3200.0%	-$500K+98.0%	-$24.8M-30.5%	-$19.0M+55.7%	-$42.9M-42.5%	-$30.1M-78.1%	-$16.9M-102.5%	$689.2M+1785.1%	-$40.9M-24.7%	-$32.8M+91.6%	-$390.2M
Financing Cash Flow	$208.6M+719.0%	-$33.7M-104.6%	$729.2M+429.6%	$137.7M+330.3%	-$59.8M+87.3%	-$469.5M-205.6%	$444.5M+1012.7%	-$48.7M-587.0%	$10.0M+182.6%	-$12.1M+68.5%	-$38.4M+94.3%	-$678.1M-689.4%	-$85.9M+30.6%	-$123.7M-140.3%	$306.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	$100K-99.1%	$10.7M+1.9%	$10.5M+1.9%	$10.3M+1.0%	$10.2M-1.9%	$10.4M-12.6%	$11.9M+0.8%	$11.8M-7.8%	$12.8M+5.8%	$12.1M
Share Buybacks	N/A	$10.1M+98.0%	$5.1M-89.8%	$50.1M+18.2%	$42.4M	N/A	$4.1M-60.2%	$10.3M-21.4%	$13.1M-33.8%	$19.8M+5.3%	$18.8M-87.6%	$151.5M+15050.0%	$1.0M-93.2%	$14.6M+294.6%	$3.7M

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	$55.3M-26.0%	$74.7M+449.3%	$13.6M+130.3%	-$44.9M-187.4%	$51.4M+374.9%	-$18.7M-185.0%	$22.0M+218.3%	-$18.6M
Capital Expenditures	$12.0M+41.2%	$8.5M+14.9%	$7.4M-14.9%	$8.7M-13.0%	$10.0M+17.6%	$8.5M+2.4%	$8.3M+5.1%	$7.9M
Free Cash Flow	$43.3M-34.6%	$66.2M+967.7%	$6.2M+111.6%	-$53.6M-229.5%	$41.4M+252.2%	-$27.2M-298.5%	$13.7M+151.7%	-$26.5M
Investing Cash Flow	-$56.9M-287.1%	-$14.7M+93.1%	-$213.3M-796.2%	-$23.8M-186.2%	$27.6M+845.9%	-$3.7M+53.2%	-$7.9M-49.1%	-$5.3M
Financing Cash Flow	$9.3M+116.6%	-$56.1M-127.5%	$204.3M+299.8%	$51.1M+172.3%	-$70.7M-273.3%	$40.8M+669.8%	$5.3M+158.2%	-$9.1M

AIR Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

AIR annual financial ratios

Metric	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12
Gross Margin	18.8%-0.2pp	19.0%-0.1pp	19.1%+0.5pp	18.6%+1.4pp	17.2%+0.5pp	16.7%+3.7pp	13.0%-3.1pp	16.1%-0.7pp	16.8%+0.3pp	16.6%+1.3pp	15.3%+7.2pp	8.1%-8.8pp	16.9%+2.6pp	14.3%-1.1pp	15.4%
Net Margin	5.7%+5.2pp	0.4%-1.6pp	2.0%-2.5pp	4.5%+0.2pp	4.3%+2.2pp	2.2%+2.0pp	0.2%-0.2pp	0.4%-0.5pp	0.9%-2.7pp	3.5%+0.4pp	3.1%+2.5pp	0.6%-3.6pp	4.3%+1.2pp	3.0%-0.2pp	3.3%
Return on Equity	11.0%+10.0pp	1.0%-2.9pp	3.9%-4.3pp	8.2%+0.6pp	7.6%+3.9pp	3.7%+3.2pp	0.5%-0.3pp	0.8%-0.8pp	1.7%-4.5pp	6.2%+0.7pp	5.5%+4.3pp	1.2%-6.1pp	7.3%+1.3pp	6.0%-1.8pp	7.8%
Return on Assets	5.6%+5.1pp	0.4%-1.2pp	1.7%-3.3pp	4.9%-0.1pp	5.0%+2.7pp	2.3%+2.1pp	0.2%-0.3pp	0.5%-0.5pp	1.0%-2.7pp	3.8%+0.5pp	3.3%+2.6pp	0.7%-2.7pp	3.4%+0.8pp	2.6%-0.5pp	3.1%
Current Ratio	2.84+0.1x	2.72-0.3x	2.98-0.1x	3.12+0.2x	2.89+0.1x	2.78-1.0x	3.76+1.1x	2.66-0.2x	2.83+0.2x	2.65+0.1x	2.58+0.4x	2.17-0.6x	2.76+0.1x	2.66+0.4x	2.25
Debt-to-Equity	0.52-0.3x	0.800.0x	0.83+0.6x	0.25+0.1x	0.100.0x	0.14-0.5x	0.66+0.5x	0.160.0x	0.190.0x	0.170.0x	0.16+0.1x	0.10-0.5x	0.56-0.1x	0.68-0.1x	0.77
FCF Margin	1.9%+1.8pp	0.1%-0.5pp	0.6%+0.9pp	-0.3%-3.5pp	3.2%-2.5pp	5.7%+8.6pp	-2.9%-5.3pp	2.4%0.0pp	2.4%+2.6pp	-0.2%+0.3pp	-0.5%+4.7pp	-5.3%-12.2pp	7.0%0.0pp	6.9%+6.8pp	0.1%

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Gross Margin	19.0%+0.7pp	18.3%-1.4pp	19.7%+1.7pp	18.1%-1.8pp	19.9%+0.5pp	19.4%+0.7pp	18.7%+1.0pp	17.7%
Net Margin	5.5%-2.6pp	8.1%+3.7pp	4.3%-0.3pp	4.7%+0.1pp	4.5%+5.8pp	-1.3%+3.1pp	-4.5%-7.2pp	2.7%
Return on Equity	3.0%-1.2pp	4.1%+1.9pp	2.2%-0.5pp	2.8%-0.1pp	2.8%+3.6pp	-0.8%+1.8pp	-2.6%-4.1pp	1.5%
Return on Assets	1.5%-0.5pp	2.0%+1.0pp	1.1%-0.1pp	1.2%0.0pp	1.2%+1.5pp	-0.3%+0.8pp	-1.1%-1.7pp	0.7%
Current Ratio	2.84+0.1x	2.70-0.1x	2.84-0.1x	2.91+0.2x	2.72-0.1x	2.82+0.1x	2.68-0.4x	3.06
Debt-to-Equity	0.520.0x	0.54-0.1x	0.61-0.2x	0.820.0x	0.80-0.1x	0.860.0x	0.840.0x	0.81
FCF Margin	4.7%-3.2pp	7.8%+7.0pp	0.8%+8.0pp	-7.2%-12.7pp	5.5%+9.5pp	-4.0%-6.0pp	2.0%+6.0pp	-4.0%

Not reported in any period shown, so not listed: Operating Margin.

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Where Aar Corp Ranks

Frequently Asked Questions

What is Aar Corp's annual revenue?

Aar Corp (AIR) reported $3.3B in total revenue for fiscal year 2026. This represents a 19.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Aar Corp's revenue growing?

Aar Corp (AIR) revenue grew by 19.0% year-over-year, from $2.8B to $3.3B in fiscal year 2026.

Is Aar Corp profitable?

Yes, Aar Corp (AIR) reported a net income of $187.7M in fiscal year 2026, with a net profit margin of 5.7%.

How much debt does Aar Corp have?

As of fiscal year 2026, Aar Corp (AIR) had $84.0M in cash and equivalents against $893.9M in long-term debt.

What is Aar Corp's gross margin?

Aar Corp (AIR) had a gross margin of 18.8% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Aar Corp's net profit margin?

Aar Corp (AIR) had a net profit margin of 5.7% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is Aar Corp's return on equity (ROE)?

Aar Corp (AIR) has a return on equity of 11.0% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is Aar Corp's free cash flow?

Aar Corp (AIR) generated $62.1M in free cash flow during fiscal year 2026. This represents a 4335.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Aar Corp's operating cash flow?

Aar Corp (AIR) generated $98.7M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Aar Corp's total assets?

Aar Corp (AIR) had $3.4B in total assets as of fiscal year 2026, including both current and long-term assets.

What are Aar Corp's capital expenditures?

Aar Corp (AIR) invested $36.6M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How many shares does Aar Corp have outstanding?

Aar Corp (AIR) had 40M shares outstanding as of fiscal year 2026.

What is Aar Corp's current ratio?

Aar Corp (AIR) had a current ratio of 2.84 as of fiscal year 2026, which is generally considered healthy.

What is Aar Corp's debt-to-equity ratio?

Aar Corp (AIR) had a debt-to-equity ratio of 0.52 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Aar Corp's return on assets (ROA)?

Aar Corp (AIR) had a return on assets of 5.6% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Aar Corp's Piotroski F-Score?

Aar Corp (AIR) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Aar Corp's earnings high quality?

Aar Corp (AIR) has an earnings quality ratio of 0.53x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Aar Corp?

Aar Corp (AIR) scores 41 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.