Aar Corp (AIR) Financial Statements
Industry: Aircraft & Parts
In fiscal 2026, Aar reported revenue of $3.31B, up 19.0% from $2.78B the year before. Net income was $187.7M (a 5.7% net margin), or $4.86 per diluted share. Gross margin was 18.8% and operating margin was 8.2%. Operating activities generated $98.7M of cash, leaving $62.1M of free cash flow. At fiscal year end, Aar held $3.36B in total assets against $1.65B in total liabilities, including $84.0M of cash and equivalents.
Open the full interactive Aar financials → Quarterly statements, key ratios, valuation history and price charts.
Aar Key Stats
| Share Price | $99.35 |
|---|---|
| Market Cap | $3.96B |
| P/E Ratio | 20.4 |
| Revenue YoY Growth | +19.0% |
| 52-Week Range | $77.35 – $153.71 |
| Shares Outstanding | 39.6 million (basic, 2027 Q1) |
Aar Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $1.65B | $1.82B | $1.99B | $2.32B | $2.78B | $3.31B |
| Cost of Goods Sold | $1.57B | $1.71B | $1.85B | $1.88B | $2.25B | $2.69B |
| Gross Profit | $275.9M | $313.2M | $370.1M | $442.3M | $527.7M | $622.0M |
| Operating Income | $93.5M | $111.0M | $139.7M | $130.1M | $180.0M | $272.7M |
| Pre-Tax Income | $54.0M | $105.3M | $121.6M | $58.3M | $38.9M | $245.9M |
| Income Tax | $18.2M | $26.6M | $31.4M | $12.0M | $26.4M | $58.2M |
| Net Income | $35.8M | $78.7M | $90.2M | $46.3M | $12.5M | $187.7M |
| Diluted EPS | $1.00 | $2.17 | $2.53 | $1.29 | $0.35 | $4.86 |
Aar Quarterly Results
| 2026 Q2 | 2026 Q3 | 2026 Q4 | 2027 Q1 | |
|---|---|---|---|---|
| Revenue | $795.3M | $845.1M | $928.0M | $918.0M |
| Net Income | $34.6M | $68.0M | $50.7M | $40.1M |
| Diluted EPS | $0.90 | $1.71 | $1.32 | $1.00 |
Aar Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $51.8M | $53.5M | $68.4M | $85.8M | $96.5M | $84.0M |
| Current Assets | $937.0M | $1.01B | $1.10B | $1.39B | $1.51B | $1.74B |
| Total Assets | $1.54B | $1.57B | $1.83B | $2.77B | $2.84B | $3.36B |
| Current Liabilities | $336.8M | $348.2M | $351.5M | $466.9M | $554.7M | $613.2M |
| Total Long-Term Debt | $133.7M | $98.9M | $269.7M | $985.4M | $968.0M | $893.9M |
| Total Liabilities | $565.3M | $539.4M | $734.0M | $1.58B | $1.63B | $1.65B |
| Shareholders' Equity | $974.4M | $1.03B | $1.10B | $1.19B | $1.21B | $1.70B |
Aar Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $105.2M | $75.2M | $23.3M | $43.6M | $36.1M | $98.7M |
| Cash From Investing | -$500,000 | -$16.5M | -$138.0M | -$758.5M | $10.7M | -$308.7M |
| Cash From Financing | -$469.5M | -$59.8M | $137.7M | $729.2M | -$33.7M | $208.6M |
| Free Cash Flow | $93.9M | $57.9M | -$6.2M | $13.9M | $1.4M | $62.1M |
Figures from Aar's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Aar financials page for every line item.
Aar Company Profile
| Ticker | AIR |
|---|---|
| Exchange | NYSE |
| Industry | Aircraft & Parts |
| Headquarters | Wood Dale, Illinois |
| Incorporated in | Delaware |
| Fiscal Year End | May 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000001750 |
Frequently Asked Questions
What was Aar's revenue in fiscal 2026?
Aar (AIR) reported revenue of $3.31B for fiscal 2026.
What is Aar's annual revenue history?
Aar's annual revenue by fiscal year: 2021: $1.65B; 2022: $1.82B; 2023: $1.99B; 2024: $2.32B; 2025: $2.78B; 2026: $3.31B.
What was Aar's net income in fiscal 2026?
Aar reported net income of $187.7M for fiscal 2026.
What was Aar's earnings per share (EPS) in fiscal 2026?
Aar's diluted EPS was $4.86 for fiscal 2026 (adjusted for any later stock splits).
How much free cash flow did Aar generate in fiscal 2026?
Aar generated $62.1M of free cash flow in fiscal 2026.
What was Aar's revenue last quarter?
In its most recent reported quarter (2027 Q1), Aar reported revenue of $918.0M.
How much debt does Aar have?
Aar reported $893.9M of long-term debt, including the current portion, at the end of fiscal 2026.
How many shares of Aar are outstanding?
Aar reported a weighted average of 39.6 million basic shares outstanding in 2027 Q1.
What is Aar's market cap?
Based on its latest closing price, Aar (AIR) has a market capitalization of about $3.96B.
When does Aar's fiscal year end?
Aar's fiscal year end, as registered with the SEC, is May 31.
Where is Aar headquartered?
Aar lists its business address in Wood Dale, Illinois in its SEC filings.