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. (AIR) Financials

AIR

Trailing 12 months to August 31, 2026

Revenue $3.5B +22.0% YoY

Net Income $193.4M +569.2% YoY

EPS (Diluted) $4.88 +517.7% YoY

Free Cash Flow $159.7M +721.4% YoY

Market Cap $4.1B as of Oct 3, 2026

Price / Sales 1.2x on $3.5B revenue, trailing 12 months to August 31, 2026

Price / Earnings 21.3x on $193.4M net income, trailing 12 months to August 31, 2026

Price / Book 2.4x on $1.7B equity, Q1 FY2027

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2027, ended Aug 31, 2026 Reported Sep 29, 2026 Currency USD FYE May

Newest figures come from the 10-Q for Q1 FY2027, filed Sep 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AIR SEC filings page.

AAR Corp. (AIR) reported $3.5B in revenue over the twelve months to Aug 31, 2026, up 22.0% from the prior twelve months. 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 2026-09-29

AAR’s growth is now producing a profit rebound, but cash conversion remains limited by reinvestment and a larger inventory base.

The FY2026 recovery is more than volume: revenue reached $3.3B while SG&A stayed near $349M, allowing more gross profit to reach earnings without a comparable overhead increase. Yet net income of $188M converted to only $99M of operating cash flow, indicating the earnings rebound was not fully realized in cash.

Gross margin held near 19.0% from FY2024 through FY2026 while net margin moved from 0.5% to 5.7%. That pattern points to a below-gross-profit recovery, rather than a wholesale change in the economics of the revenue stream.

Free cash flow was $62.1M against $98.7M of operating cash flow in FY2026, so capital spending and working-capital needs absorbed part of the cash generated by operations. Inventory rose 21.0% year over year while the current ratio remained 2.8x, indicating short-term coverage coexisted with more funds tied up in stock.

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 60/100.

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 77/100.

Cash Flow

AAR Corp.'s free cash flow margin of 1.9% results in a low score of 29/100. Capital expenditures of $36.6M absorb a large share of operating cash flow.

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

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Earnings & Revenue

Revenue

$918.0M

YoY+24.1%

QoQ-1.1%

5Y CAGR+15.1%

10Y CAGR+9.8%

AAR Corp. generated $918.0M in revenue in Q1 2027. This represents an increase of 24.1% from the same quarter a year earlier. Against the prior quarter it is down 1.1%.

Net Income

$40.1M

YoY+16.6%

QoQ-20.9%

5Y CAGR+28.4%

10Y CAGR+15.5%

AAR Corp. reported $40.1M in net income in Q1 2027. This represents an increase of 16.6% from the same quarter a year earlier. Against the prior quarter it is down 20.9%.

EPS (Diluted)

$1.00

YoY+5.3%

QoQ-21.3%

5Y CAGR+25.6%

10Y CAGR+13.6%

AAR Corp. earned $1.00 per diluted share (EPS) in Q1 2027. This represents an increase of 5.3% from the same quarter a year earlier. Against the prior quarter it is down 21.3%.

EBITDA

Not reported for Q1 2027.

Cash & Balance Sheet

Free Cash Flow

$44.0M

YoY+182.1%

QoQ+1.6%

5Y CAGR+128.9%

AAR Corp. generated $44.0M in free cash flow in Q1 2027, representing cash available after capex. This represents an increase of 182.1% from the same quarter a year earlier. Against the prior quarter it is up 1.6%.

Cash & Debt

$104.5M

YoY+30.6%

QoQ+24.4%

5Y CAGR+16.4%

10Y CAGR+29.5%

AAR Corp. held $104.5M in cash against $879.6M in long-term debt as of Q1 2027.

Shares Outstanding

40M

YoY+11.3%

QoQ+0.8%

5Y CAGR+2.5%

10Y CAGR+1.6%

AAR Corp. had 40M shares outstanding in Q1 2027. This represents an increase of 11.3% from the same quarter a year earlier. Against the prior quarter it is up 0.8%.

Dividends Per Share

Not reported for Q1 2027.

Margins & Returns

Gross Margin

19.2%

YoY+1.1pp

QoQ+0.2pp

5Y change+5.0pp

AAR Corp.'s gross margin was 19.2% in Q1 2027, indicating the percentage of revenue retained after direct costs. This is up 1.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.

Net Margin

4.4%

YoY-0.3pp

QoQ-1.1pp

5Y change+1.8pp

10Y change+1.7pp

AAR Corp.'s net profit margin was 4.4% in Q1 2027, showing the share of revenue converted to profit. This is down 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.1 percentage points.

Return on Equity

2.3%

YoY-0.5pp

QoQ-0.7pp

5Y change+1.1pp

10Y change+1.2pp

AAR Corp.'s ROE was 2.3% in Q1 2027, measuring profit generated per dollar of shareholder equity. This is down 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.7 percentage points.

Operating Margin

Not reported for Q1 2027.

Capital Allocation

Capital Expenditures

$11.8M

YoY+35.6%

QoQ-1.7%

5Y CAGR+39.9%

10Y CAGR+2.3%

AAR Corp. invested $11.8M in capex in Q1 2027, funding long-term assets and infrastructure. This represents an increase of 35.6% from the same quarter a year earlier. Against the prior quarter it is down 1.7%.

R&D Spending

Not reported for Q1 2027.

Share Buybacks

Not reported for Q1 2027.

AIR Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AIR quarterly income statement

Metric	TTM	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	$3.5B	$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	$2.8B	$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	$664.6M	$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	$384.5M	$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	$69.9M	$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	$60.9M	$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	$193.4M	$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 (Basic)	N/A	$4.88+1294.3%	$0.35-73.1%	$1.30-49.2%	$2.56+16.4%	$2.20+117.8%	$1.01+741.7%	$0.12-40.0%	$0.20-54.5%	$0.44-73.5%	$1.66+21.2%	$1.37+426.9%	$0.26-85.9%	$1.85+34.1%	$1.38-17.9%	$1.68
EPS (Diluted)	$4.88	$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
Diluted Shares (Avg)	N/A	38M+7.3%	36M+1.1%	35M+0.9%	35M-2.5%	36M+2.0%	35M+0.9%	35M+0.3%	35M+0.9%	35M+0.9%	34M-0.9%	35M-12.2%	39M+0.8%	39M-3.7%	41M-5.8%	43M

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Revenue	$918.0M+24.1%	$928.0M+23.0%	$845.1M+24.6%	$795.3M+15.9%	$739.6M+11.8%	$754.5M+14.9%	$678.2M+19.5%	$686.1M+25.8%
Cost of Revenue	$741.7M+22.4%	$751.3M+24.3%	$690.4M+26.3%	$638.4M+14.5%	$605.9M+11.3%	$604.3M+14.2%	$546.5M+19.6%	$557.5M+26.1%
Gross Profit	$176.3M+31.9%	$176.7M+17.6%	$154.7M+17.5%	$156.9M+22.0%	$133.7M+14.1%	$150.2M+18.0%	$131.7M+19.4%	$128.6M+24.4%
SG&A Expenses	$107.0M+49.0%	$99.0M+27.9%	$89.8M+46.5%	$88.7M-33.4%	$71.8M-5.4%	$77.4M-18.4%	$61.3M-20.4%	$133.1M+102.6%
Interest Expense	$16.6M-11.7%	$16.7M-11.2%	$17.5M-5.4%	$19.1M-1.0%	$18.8M0.0%	$18.8M-2.6%	$18.5M+55.5%	$19.3M+211.3%
Income Tax	$15.3M+21.4%	$7.0M-48.5%	$25.1M+1240.9%	$13.5M+66.7%	$12.6M+82.6%	$13.6M+202.2%	-$2.2M-133.8%	$8.1M+2.5%
Net Income	$40.1M+16.6%	$50.7M+49.1%	$68.0M+864.0%	$34.6M+213.1%	$34.4M+91.1%	$34.0M+273.6%	-$8.9M-163.6%	-$30.6M-228.6%
EPS (Basic)	$1.01+5.2%	$1.27+32.3%	$1.72+788.0%	$0.91+204.6%	$0.96+92.0%	$0.96+284.0%	-$0.25-162.5%	-$0.87-229.9%
EPS (Diluted)	$1.00+5.3%	$1.27+32.3%	$1.71+784.0%	$0.90+203.4%	$0.95+90.0%	$0.96+284.0%	-$0.25-164.1%	-$0.87-229.9%
Diluted Shares (Avg)	40M+11.1%	N/A	40M+11.6%	38M+8.2%	36M+0.8%	N/A	35M+101142757.1%	35M-0.3%

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

AIR Balance Sheet

AIR quarterly balance sheet

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
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
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
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
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
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
Non-Current Liabilities	$1.0B-3.7%	$1.1B-3.1%	$1.1B+191.1%	$382.5M+100.1%	$191.2M-16.3%	$228.5M-71.2%	$793.3M+212.6%	$253.8M-0.5%	$255.1M+0.1%	$254.9M+2.5%	$248.8M+26.3%	$197.0M-75.1%	$791.2M-4.5%	$828.4M-3.3%	$856.5M
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	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Total Assets	$3.4B+17.0%	$3.4B+18.0%	$3.3B+16.6%	$3.2B+13.8%	$2.9B+5.3%	$2.8B+2.7%	$2.9B+41.4%	$2.8B+45.0%
Current Assets	$1.8B+17.4%	$1.7B+15.3%	$1.8B+14.9%	$1.7B+12.8%	$1.6B+9.8%	$1.5B+8.7%	$1.5B+23.7%	$1.5B+25.4%
Cash & Equivalents	$104.5M+30.6%	$84.0M-13.0%	$78.5M-7.0%	$75.6M+22.5%	$80.0M+62.3%	$96.5M+12.5%	$84.4M+22.0%	$61.7M-5.2%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$1.0B+17.1%	$979.0M+21.0%	$958.2M+23.5%	$910.8M+15.3%	$861.5M+15.1%	$809.2M+10.4%	$775.7M+15.5%	$790.0M+22.3%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$564.8M+4.0%	$580.3M+9.3%	$552.3M+4.5%	$552.2M+1.7%	$543.1M-1.7%	$530.8M-4.3%	$528.4M+194.5%	$543.2M+208.6%
Total Liabilities	$1.7B+0.2%	$1.7B+1.2%	$1.7B+0.8%	$1.7B+0.8%	$1.7B+6.8%	$1.6B+3.3%	$1.7B+96.4%	$1.7B+105.9%
Current Liabilities	$650.7M+20.8%	$613.2M+10.5%	$653.0M+19.8%	$594.2M+6.4%	$538.5M+15.3%	$554.7M+18.8%	$545.2M+27.3%	$558.3M+46.9%
Non-Current Liabilities	$1.0B-9.5%	$1.0B-3.7%	$1.0B-8.4%	$1.1B-2.0%	$1.1B+3.2%	$1.1B-3.1%	$1.1B+165.8%	$1.1B+158.0%
Long-Term Debt	$879.6M-13.9%	$893.9M-7.7%	$888.3M-13.1%	$952.7M-3.4%	$1.0B+4.2%	$968.0M-1.8%	$1.0B+272.2%	$986.7M+258.8%
Total Equity	$1.7B+39.5%	$1.7B+40.6%	$1.6B+39.0%	$1.6B+32.1%	$1.2B+3.2%	$1.2B+1.8%	$1.2B+1.3%	$1.2B+2.3%
Retained Earnings	$1.2B+19.3%	$1.2B+19.4%	$1.1B+18.3%	$1.0B+10.0%	$1.0B+3.0%	$969.4M+1.3%	$935.4M-1.3%	$944.3M+1.1%

Not reported in any period shown, so not listed: Accounts Receivable.

AIR Cash Flow Statement

AIR quarterly cash flow statement

Metric	TTM	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	$199.4M	$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
Depreciation & Amortization	N/A	$72.1M+30.6%	$55.2M+37.3%	$40.2M+47.8%	$27.2M-17.8%	$33.1M-8.8%	$36.3M-16.9%	$43.7M+2.1%	$42.8M+5.7%	$40.5M+13.4%	$35.7M+7.5%	$33.2M-42.8%	$58.0M-10.4%	$64.7M-18.8%	$79.7M+10.7%	$72.0M
Stock-Based Compensation	N/A	$17.8M-10.6%	$19.9M+30.1%	$15.3M+13.3%	$13.5M+64.6%	$8.2M-10.9%	$9.2M+26.0%	$7.3M-45.9%	$13.5M-11.8%	$15.3M+39.1%	$11.0M+69.2%	$6.5M-12.2%	$7.4M-14.0%	$8.6M-22.5%	$11.1M-11.2%	$12.5M
Capital Expenditures	$39.7M	$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	$159.7M	$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	-$310.5M	-$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	$132.6M	$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	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	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	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Operating Cash Flow	$55.8M+224.3%	$55.3M+7.6%	$74.7M+499.5%	$13.6M-38.2%	-$44.9M-141.4%	$51.4M+109.8%	-$18.7M-191.7%	$22.0M+26.4%
Depreciation & Amortization	$18.8M+36.2%	$21.0M+53.3%	$20.2M+44.3%	$17.1M+22.1%	$13.8M+2.2%	$13.7M-6.8%	$14.0M+66.7%	$14.0M+60.9%
Stock-Based Compensation	$7.8M+47.2%	N/A	N/A	N/A	$5.3M+6.0%	N/A	N/A	N/A
Capital Expenditures	$11.8M+35.6%	$12.0M+20.0%	$8.5M0.0%	$7.4M-10.8%	$8.7M+10.1%	$10.0M+33.3%	$8.5M+46.6%	$8.3M+13.7%
Free Cash Flow	$44.0M+182.1%	$43.3M+4.6%	$66.2M+343.4%	$6.2M-54.7%	-$53.6M-102.3%	$41.4M+143.5%	-$27.2M-286.3%	$13.7M+35.6%
Investing Cash Flow	-$25.6M-7.6%	-$56.9M-306.2%	-$14.7M-297.3%	-$213.3M-2600.0%	-$23.8M-349.1%	$27.6M+103.8%	-$3.7M+43.1%	-$7.9M+9.2%
Financing Cash Flow	-$24.9M-148.7%	$9.3M+113.2%	-$56.1M-237.5%	$204.3M+3754.7%	$51.1M+661.5%	-$70.7M-109.8%	$40.8M+803.4%	$5.3M+122.6%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

AIR Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AIR quarterly financial ratios

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
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
Asset Turnover	0.990.0x	0.98+0.1x	0.84-0.2x	1.09-0.1x	1.16+0.1x	1.07+0.1x	1.00-0.4x	1.35+0.2x	1.15+0.1x	1.060.0x	1.05-0.1x	1.12+0.3x	0.79-0.1x	0.85-0.1x	0.94
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	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Gross Margin	19.2%+1.1pp	19.0%-0.9pp	18.3%-1.1pp	19.7%+1.0pp	18.1%+0.4pp	19.9%+0.5pp	19.4%0.0pp	18.7%-0.2pp
Net Margin	4.4%-0.3pp	5.5%+1.0pp	8.1%+9.4pp	4.3%+8.8pp	4.7%+1.9pp	4.5%+3.1pp	-1.3%-3.8pp	-4.5%-8.8pp
Return on Equity	2.3%-0.5pp	3.0%+0.2pp	4.1%+4.9pp	2.2%+4.8pp	2.8%+1.3pp	2.8%+2.1pp	-0.8%-1.9pp	-2.6%-4.7pp
Return on Assets	1.2%0.0pp	1.5%+0.3pp	2.0%+2.4pp	1.1%+2.1pp	1.2%+0.5pp	1.2%+0.9pp	-0.3%-1.0pp	-1.1%-2.3pp
Current Ratio	2.83-0.1x	2.84+0.1x	2.70-0.1x	2.84+0.2x	2.91-0.1x	2.72-0.3x	2.82-0.1x	2.68-0.5x
Debt-to-Equity	0.50-0.3x	0.52-0.3x	0.54-0.3x	0.61-0.2x	0.820.0x	0.800.0x	0.86+0.6x	0.84+0.6x
Asset Turnover	0.270.0x	0.280.0x	0.250.0x	0.250.0x	0.250.0x	0.270.0x	0.240.0x	0.240.0x
FCF Margin	4.8%+12.0pp	4.7%-0.8pp	7.8%+11.8pp	0.8%-1.2pp	-7.2%-3.2pp	5.5%+2.9pp	-4.0%-6.6pp	2.0%+0.2pp

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

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
AAR Corp. AIR	FY2026	$3.3B	$187.7M	5.7%	$4.1B	41/100
VSE Corp VSEC	FY2025	$1.1B	$11.7M	1.1%	$4.7B	57/100
Spirit Aerosystems Holdings, Inc. SPR	FY2024	$6.3B	$2.1B	33.9%	$4.6B	33/100
Planet Labs PBC PL	FY2026	$307.7M	-$246.9M	-80.2%	$6.4B	59/100
Mercury Systems Inc. MRCY	FY2026	$983.6M	-$29.7M	-3.0%	$5.2B	51/100

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 P/E ratio?

AAR Corp. (AIR) trades at 21.3x earnings, its market capitalization divided by net income of $193.4M net income, trailing 12 months to August 31, 2026. The market capitalization is $4.1B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is AAR Corp.'s price-to-sales ratio?

AAR Corp. (AIR) trades at 1.2x sales, its market capitalization divided by revenue of $3.5B revenue, trailing 12 months to August 31, 2026. The market capitalization is $4.1B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

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.