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AAR Corp. (AIR)

NYSE Industrials Aerospace & Defense S&P SmallCap 600
$109.21
+4.73 (+4.53%)
Close of Nov 06, 2026 · end-of-day data
Source: AAR Corp.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 02, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue$1.59B$1.75B$2.05B$2.07B$1.65B$1.82B$1.99B$2.32B$2.78B$3.31B
Cost of revenue$787.50M$840.50M$1.72B——$1.51B$1.62B$1.88B$2.25B$2.69B
Gross profit$263.40M$294.10M$329.80M$269.20M$275.90M$313.20M$370.10M$442.30M$527.70M$622.00M
Selling, general & admin$179.00M$208.10M$215.40M$220.60M$182.40M$202.20M$230.40M$312.20M$347.70M$349.30M
Interest expense$5.30M$8.00M$9.50M$9.30M$5.00M$2.40M$12.20M$43.20M$75.40M$72.10M
Pre-tax income——————$121.20M$58.30M$38.90M$245.90M
Income tax$25.10M$3.50M$4.90M$5.60M$18.20M$26.60M$31.40M$12.00M$26.40M$58.20M
Net income$56.50M$15.60M$7.50M$4.40M$35.80M$78.70M$90.20M$46.30M$12.50M$187.70M
EPS (basic)$1.66$0.44$0.20$0.12$1.01$2.20$2.56$1.30$0.35$4.88
EPS (diluted)$1.64$0.41$0.21$0.13$1.00$2.17$2.53$1.29$0.35$4.86
Diluted shares34.30M34.60M34.90M35.00M35.30M36.00M35.10M35.40M35.80M38.40M
Gross margin16.6%16.8%16.1%13.0%16.7%17.2%18.6%19.1%19.0%18.8%
Net margin3.6%0.9%0.4%0.2%2.2%4.3%4.5%2.0%0.4%5.7%

Balance sheet

fiscal years · USD
Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash & equivalents$10.30M$31.10M$21.30M$404.70M$51.80M$53.50M$68.40M$85.80M$96.50M$84.00M
Receivables$234.50M$202.00M$197.80M$171.90M$166.70M$214.00M$241.30M$287.20M$354.80M$386.80M
Inventory$433.40M$460.70M$523.70M$623.10M$540.60M$550.50M$574.10M$733.10M$809.20M$979.00M
Total current assets$888.40M$942.70M$952.50M$1.44B$937.00M$1.01B$1.10B$1.39B$1.51B$1.74B
Goodwill$105.60M$118.70M$116.20M$115.70M$119.30M$116.40M$175.80M$554.80M$530.80M$580.30M
Total assets$1.50B$1.52B$1.52B$2.08B$1.54B$1.57B$1.83B$2.77B$2.84B$3.36B
Total current liabilities$335.00M$333.30M$357.50M$383.10M$336.80M$348.20M$351.50M$466.90M$554.70M$613.20M
Short-term debt$100.00K—————————
Long-term debt$154.10M$177.20M$141.70M$600.00M$133.70M$98.90M$269.70M$985.40M$968.00M$893.90M
Total debt$154.20M$177.20M$141.70M$600.00M$133.70M$98.90M$269.70M$985.40M$968.00M$893.90M
Total liabilities$589.90M$588.40M$611.30M$1.18B$565.30M$539.40M$734.00M$1.58B$1.63B$1.65B
Shareholders' equity$914.20M$936.30M$905.90M$902.60M$974.40M$1.03B$1.10B$1.19B$1.21B$1.70B

Cash flow

fiscal years · USD
Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow$21.80M$64.30M$67.40M-$36.10M$105.20M$75.20M$23.30M$43.60M$36.10M$98.70M
Capital expenditures$25.20M$22.00M$17.40M$23.60M$11.30M$17.30M$29.50M$29.70M$34.70M$36.60M
Free cash flow-$3.40M$42.30M$50.00M-$59.70M$93.90M$57.90M-$6.20M$13.90M$1.40M$62.10M
Investing cash flow-$30.10M-$42.90M-$19.00M-$24.80M-$500.00K-$16.50M-$138.00M-$758.50M$10.70M-$308.70M
Financing cash flow-$12.10M$10.00M-$48.70M$444.50M-$469.50M-$59.80M$137.70M$729.20M-$33.70M$208.60M
Dividends paid$10.20M$10.30M$10.50M$10.70M$100.00K—————
Share buybacks$19.80M$13.10M$10.30M$4.10M—$42.40M$50.10M$5.10M$10.10M—
Stock-based compensation$11.00M$15.30M$13.50M$7.30M$9.20M$8.20M$13.50M$15.30M$19.90M$17.80M
Depreciation & amortization$35.70M$40.50M$42.80M$43.70M$36.30M$33.10M$27.20M$40.20M$55.20M$72.10M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.