AAR CORP (AIR)
Q1-CY2026Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014
Balance Sheet Date2025-Nov-302025-Aug-312025-May-312025-Feb-282024-Nov-302024-Aug-312024-May-312024-Feb-292023-Nov-302023-Aug-312023-May-312023-Feb-282022-Nov-302022-Aug-312022-May-312022-Feb-282021-Nov-302021-Aug-312021-May-312021-Feb-282020-Nov-302020-Aug-312020-May-312020-Feb-292019-Nov-302019-Aug-312019-May-312019-Feb-282018-Nov-302018-Aug-312018-May-312018-Feb-282017-Nov-302017-Aug-312017-May-312017-Feb-282016-Nov-302016-Aug-312016-May-312016-Feb-292015-Nov-302015-Aug-312015-May-312015-Feb-282014-Nov-302014-Aug-312014-May-312014-Feb-28
Fiscal PeriodQ2-FY2026Q1-FY2026Q4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014
Total Revenue795,300,000$739,600,000$754,500,000$678,200,000$686,100,000$661,700,000$656,500,000$567,300,000$545,400,000$549,700,000$553,300,000$521,100,000$469,800,000$446,300,000$476,100,000$452,200,000$436,600,000$455,100,000$437,600,000$410,300,000$403,600,000$400,800,000$416,500,000$553,100,000$560,900,000$541,500,000$562,700,000$529,500,000$493,300,000$466,300,000$473,500,000$456,300,000$449,700,000$439,200,000$450,500,000$407,200,000$423,800,000$404,800,000$468,600,000$412,100,000$431,500,000$386,700,000$442,900,000$380,100,000$403,300,000$395,100,000$420,600,000$399,800,000$
QoQ%7.53%(1.98%)11.25%(1.15%)3.69%.79%15.72%4.02%(.78%)(.65%)6.18%10.92%5.27%(6.26%)5.29%3.57%(4.07%)4.00%6.65%1.66%.70%(3.77%)(24.70%)(1.39%)3.58%(3.77%)6.27%7.34%5.79%(1.52%)3.77%1.47%2.39%(2.51%)10.63%(3.92%)4.69%(13.62%)13.71%(4.50%)11.59%(12.69%)16.52%(5.75%)2.08%(6.06%)5.20%(26.06%)
YoY%15.92%11.77%14.93%19.55%25.80%20.38%18.65%8.87%16.09%23.17%16.22%15.24%7.60%(1.93%)8.80%10.21%8.18%13.55%5.07%(25.82%)(28.04%)(25.98%)(25.98%)4.46%13.70%16.13%18.84%16.04%9.70%6.17%5.11%12.06%6.11%8.50%(3.86%)(1.19%)(1.78%)4.68%5.80%8.42%6.99%(2.13%)5.30%(4.93%)(25.41%)(23.21%)(24.05%)(23.15%)
Cost Of Revenue638,400,000$605,900,000$604,300,000$546,500,000$557,500,000$544,500,000$529,200,000$457,000,000$442,000,000$448,400,000$445,200,000$426,800,000$384,000,000$364,400,000$386,300,000$371,800,000$358,200,000$390,500,000$365,800,000$324,300,000$334,100,000$352,200,000$380,100,000$487,800,000$475,000,000$459,900,000$467,700,000$444,200,000$415,000,000$395,100,000$388,800,000$378,700,000$377,200,000$374,700,000$372,600,000$340,700,000$357,600,000$343,300,000$234,300,000$352,800,000$372,400,000$332,800,000$491,800,000$330,000,000$336,100,000$332,700,000$347,100,000$333,500,000$
Gross Profit156,900,000$133,700,000$150,200,000$131,700,000$128,600,000$117,200,000$127,300,000$110,300,000$103,400,000$101,300,000$108,100,000$94,300,000$85,800,000$81,900,000$89,800,000$80,400,000$78,400,000$64,600,000$71,800,000$86,000,000$69,500,000$48,600,000$36,400,000$65,300,000$85,900,000$81,600,000$95,000,000$85,300,000$78,300,000$71,200,000$84,700,000$77,600,000$70,700,000$61,600,000$77,900,000$66,500,000$59,500,000$59,500,000$65,600,000$59,300,000$59,100,000$53,900,000$(20,400,000$)50,100,000$67,200,000$62,400,000$73,500,000$66,200,000$
Gross Margin19.73%18.08%19.91%19.42%18.74%17.71%19.39%19.44%18.96%18.43%19.54%18.10%18.26%18.35%18.86%17.78%17.96%14.20%16.41%20.96%17.22%12.13%8.74%11.81%15.32%15.07%16.88%16.11%15.87%15.27%17.89%17.01%15.72%14.03%17.29%16.33%14.04%14.70%14.00%14.39%13.70%13.94%(4.61%)13.18%16.66%15.79%17.48%16.56%
Operating Expenses105,800,000$85,000,000$91,100,000$74,000,000$147,100,000$89,400,000$109,500,000$85,400,000$74,400,000$83,100,000$77,800,000$63,600,000$59,300,000$56,900,000$64,500,000$56,600,000$56,000,000$58,200,000$58,000,000$53,800,000$52,600,000$54,300,000$58,200,000$69,100,000$68,100,000$68,900,000$74,800,000$65,600,000$59,500,000$58,300,000$70,900,000$56,200,000$59,400,000$54,700,000$61,900,000$45,000,000$58,200,000$57,200,000$26,800,000$55,200,000$55,600,000$53,200,000$68,700,000$55,800,000$54,200,000$51,700,000$51,500,000$57,700,000$
Operating Income
Operating Margin
Interest Income500,000$300,000$400,000$400,000$500,000$500,000$600,000$600,000$600,000$400,000$500,000$300,000$100,000$100,000$0$0$100,000$0$100,000$0$100,000$200,000$100,000$100,000$100,000$200,000$200,000$100,000$500,000$0$0$100,000$0$0$100,000$0$100,000$0$100,000$100,000$0$100,000$100,000$600,000$300,000$
Interest Expenses19,300,000$11,900,000$6,200,000$5,800,000$5,200,000$3,800,000$2,100,000$1,100,000$600,000$600,000$500,000$700,000$900,000$1,100,000$1,300,000$1,700,000$2,800,000$2,400,000$1,900,000$2,200,000$2,300,000$2,600,000$2,500,000$2,100,000$2,200,000$2,200,000$1,900,000$1,700,000$1,500,000$1,400,000$1,200,000$1,300,000$1,200,000$1,700,000$1,500,000$2,000,000$7,800,000$6,400,000$6,600,000$6,400,000$6,400,000$7,100,000$
Income Before Tax48,100,000$47,000,000$47,600,000$(11,100,000$)(22,500,000$)24,900,000$13,600,000$20,500,000$31,700,000$(7,500,000$)30,200,000$29,800,000$30,800,000$30,800,000$30,500,000$30,700,000$28,700,000$15,400,000$18,800,000$40,100,000$13,400,000$(18,300,000$)(20,500,000$)2,500,000$20,200,000$7,800,000$23,000,000$(38,000,000$)10,000,000$17,400,000$14,100,000$5,700,000$(15,700,000$)15,000,000$26,800,000$21,400,000$18,800,000$15,000,000$21,600,000$9,500,000$13,100,000$26,900,000$(38,600,000$)(33,700,000$)22,500,000$20,900,000$24,500,000$23,400,000$
Tax Expenses13,500,000$12,600,000$13,600,000$(2,200,000$)8,100,000$6,900,000$4,500,000$6,500,000$7,900,000$(6,900,000$)7,000,000$8,000,000$8,300,000$8,100,000$6,600,000$8,200,000$7,900,000$3,900,000$4,800,000$12,000,000$5,200,000$(3,800,000$)(4,000,000$)200,000$6,000,000$3,400,000$200,000$(600,000$)3,000,000$2,300,000$2,100,000$(9,800,000$)6,800,000$4,400,000$5,600,000$7,700,000$6,700,000$5,500,000$9,600,000$4,700,000$5,100,000$4,000,000$(53,700,000$)700,000$7,300,000$6,400,000$7,300,000$5,400,000$
Net Income34,600,000$34,400,000$34,000,000$(8,900,000$)(30,600,000$)18,000,000$9,100,000$14,000,000$23,800,000$(600,000$)23,200,000$21,800,000$22,500,000$22,700,000$23,900,000$22,500,000$20,800,000$11,500,000$14,000,000$28,100,000$8,200,000$(14,500,000$)(16,500,000$)2,300,000$14,200,000$4,400,000$22,800,000$(37,400,000$)7,000,000$15,100,000$12,000,000$15,500,000$(22,500,000$)10,600,000$21,200,000$13,700,000$12,100,000$9,500,000$12,000,000$4,800,000$8,000,000$22,900,000$15,100,000$(34,400,000$)15,200,000$14,500,000$17,200,000$18,000,000$
Profit Margin4.35%4.65%4.51%(1.31%)(4.46%)2.72%1.39%2.47%4.36%(.11%)4.19%4.18%4.79%5.09%5.02%4.98%4.76%2.53%3.20%6.85%2.03%(3.62%)(3.96%).42%2.53%.81%4.05%(7.06%)1.42%3.24%2.53%3.40%(5.00%)2.41%4.71%3.36%2.86%2.35%2.56%1.17%1.85%5.92%3.41%(9.05%)3.77%3.67%4.09%4.50%
TTM3.17%1.01%.45%(.46%).41%2.67%2.00%2.73%3.14%3.20%4.53%4.75%4.97%4.96%4.32%3.86%4.28%3.62%2.17%.33%(1.16%)(.75%).21%1.97%.18%(.15%).37%(.17%)2.63%1.09%.86%1.38%1.32%3.35%3.35%2.78%2.25%2.00%2.81%3.04%.71%1.17%.64%.78%4.01%3.97%3.90%2.83%
Earnings to Minority200,000$100,000$200,000$300,000$200,000$300,000$300,000$300,000$100,000$100,000$100,000$200,000$(300,000$)200,000$0$100,000$100,000$100,000$
Earnings to Common Shareholders34,600,000$34,400,000$34,000,000$(8,900,000$)(30,600,000$)17,800,000$9,000,000$13,800,000$23,500,000$(600,000$)23,000,000$21,500,000$22,200,000$22,400,000$23,900,000$22,500,000$20,800,000$11,500,000$14,000,000$28,100,000$8,200,000$(14,500,000$)(16,500,000$)2,300,000$14,200,000$4,400,000$22,800,000$(37,400,000$)7,000,000$15,100,000$12,000,000$15,500,000$(22,500,000$)10,600,000$21,200,000$13,700,000$12,100,000$9,500,000$12,000,000$4,800,000$7,900,000$22,700,000$15,400,000$(34,600,000$)14,900,000$14,200,000$16,800,000$17,500,000$
QoQ%.58%1.18%482.02%70.92%(271.91%)97.78%(34.78%)(41.28%)4,016.67%(102.61%)6.98%(3.15%)(.89%)(6.28%)6.22%8.17%80.87%(17.86%)(50.18%)242.68%156.55%12.12%(817.39%)(83.80%)222.73%(80.70%)160.96%(634.29%)(53.64%)25.83%(22.58%)168.89%(312.26%)(50.00%)54.75%13.22%27.37%(20.83%)150.00%(39.24%)(65.20%)47.40%144.51%(332.22%)4.93%(15.48%)(4.00%)(10.71%)
YoY%213.07%93.26%277.78%(164.49%)(230.21%)3,066.67%(60.87%)(35.81%)5.86%(102.68%)(3.77%)(4.44%)6.73%94.78%70.71%(19.93%)153.66%179.31%184.85%1,121.74%(42.25%)(429.55%)(172.37%)106.15%102.86%(70.86%)90.00%(341.29%)131.11%42.45%(43.40%)13.14%(285.95%)11.58%76.67%185.42%53.17%(58.15%)(22.08%)113.87%(46.98%)59.86%(8.33%)(297.71%)(23.98%)(18.86%)2,700.00%(1.13%)
Earnings Per Share, Basic0.92$0.96$0.47$(251,412.43$)(0.87$)0.51$0.13$396,551.72$0.67$(0.02$)0.65$0.63$0.65$0.64$0.64$0.64$0.59$0.33$0.40$0.80$0.23$(0.42$)(0.47$)0.07$0.41$0.13$0.66$(1.08$)0.20$0.44$0.34$0.46$(0.66$)0.31$0.62$0.41$0.36$0.28$0.35$0.14$0.23$0.65$0.38$(0.89$)0.39$0.37$0.44$0.45$
Earnings Per Share, Diluted0.91$0.96$0.47$(251,412.43$)(0.87$)0.50$0.13$392,045.45$0.67$(0.02$)0.64$0.62$0.64$0.63$0.65$0.63$0.58$0.32$0.39$0.79$0.23$(0.41$)(0.47$)0.07$0.41$0.13$0.66$(1.07$)0.20$0.43$0.34$0.45$(0.65$)0.31$0.61$0.40$0.35$0.28$0.35$0.14$0.23$0.65$0.38$(0.88$)0.38$0.36$0.43$0.45$
Unlevered FCF Per Share, Basic0.16$(1.50$)0.58$(768,361.58$)0.39$(0.75$)0.24$419,540.23$0.29$(0.80$)1.07$0.23$(1.53$)0.00$0.89$0.33$0.36$0.02$0.57$0.41$0.68$1.02$(0.92$)0.03$0.25$(1.06$)1.10$1.61$(0.36$)(0.90$)0.80$1.24$0.08$(0.77$)0.81$(0.33$)(0.28$)(0.31$)2.35$(1.22$)0.93$(2.27$)(1.85$)(0.71$)0.24$0.19$1.65$0.09$
Unlevered FCF Per Share, Diluted0.16$(1.49$)0.57$(768,361.58$)0.39$(0.74$)0.24$414,772.73$0.29$(0.79$)1.07$0.22$(1.50$)0.00$0.89$0.33$0.35$0.02$0.56$0.41$0.68$1.02$(0.93$)0.03$0.25$(1.05$)1.09$1.60$(0.35$)(0.89$)0.80$1.23$0.08$(0.76$)0.80$(0.33$)(0.28$)(0.31$)2.35$(1.22$)0.92$(2.24$)(1.85$)(0.70$)0.24$0.18$1.62$0.09$
Average Shares, Basic37,800,00035,700,00071,999,9653535,200,00035,200,00070,799,9653534,900,00034,700,00035,600,00034,100,00034,200,00034,900,00037,100,00035,100,00035,100,00035,100,00035,200,00035,000,00034,900,00034,900,00035,200,00034,700,00034,600,00034,700,00034,300,00034,500,00034,600,00034,600,00034,800,00034,000,00034,000,00034,000,00034,300,00033,700,00033,700,00033,900,00034,300,00034,200,00034,400,00034,700,00040,200,00038,700,00038,700,00038,800,00038,600,00038,600,000
Average Shares, Diluted38,100,00035,900,00072,399,9653535,200,00035,600,00071,199,9653535,300,00035,100,00035,700,00034,600,00034,700,00035,400,00037,000,00035,700,00035,600,00035,700,00035,700,00035,500,00035,000,00035,000,00034,900,00035,100,00035,000,00035,000,00034,600,00034,900,00035,000,00035,100,00034,900,00034,500,00034,500,00034,500,00034,800,00034,200,00034,100,00034,100,00034,300,00034,400,00034,600,00035,100,00040,100,00039,200,00039,100,00039,200,00039,100,00039,100,000
EBIT48,100,000$47,000,000$47,600,000$(11,100,000$)(22,500,000$)24,900,000$32,900,000$32,400,000$37,900,000$(1,700,000$)35,400,000$33,600,000$32,900,000$31,900,000$31,100,000$31,300,000$29,200,000$16,100,000$19,700,000$41,200,000$14,700,000$(16,600,000$)(17,700,000$)4,900,000$22,100,000$10,000,000$25,300,000$(35,400,000$)12,500,000$19,500,000$16,300,000$7,900,000$(13,800,000$)16,700,000$28,300,000$22,800,000$20,000,000$16,300,000$22,800,000$11,200,000$14,600,000$28,900,000$(30,800,000$)(27,300,000$)29,100,000$27,300,000$30,900,000$30,500,000$
EBITDA65,200,000$60,800,000$61,300,000$1,600,000$(8,500,000$)38,400,000$47,600,000$40,800,000$46,600,000$6,700,000$42,400,000$40,500,000$39,400,000$38,700,000$38,700,000$39,000,000$38,100,000$25,000,000$28,900,000$50,100,000$23,900,000$(7,600,000$)(6,800,000$)15,900,000$33,100,000$20,800,000$36,800,000$(24,600,000$)22,900,000$29,600,000$25,400,000$10,800,000$(3,200,000$)26,900,000$37,800,000$24,700,000$31,900,000$28,700,000$18,200,000$23,300,000$27,100,000$42,100,000$(14,200,000$)(13,200,000$)43,200,000$40,500,000$36,400,000$50,500,000$