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NYSE · AIRCRAFT & PARTS · LARGE CAP

AAR Corp. AIR

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$3.3B
▲ 19.0% YoY
$187.7M
▲ 1401.6% YoY
$62.1M
▲ 4335.7% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

AAR CORP. offers a broad line of products and services to commercial and government aerospace customers and operates globally in over 20 countries. As of May 31, 2026, the company employed approximately 7,100 employees worldwide, including 5,400 in the United States and 1,700 outside the United States. The company organizes its operations into four operating segments: Parts Supply, Repair, Engineering, and Software, Government Solutions, and Legacy Commercial Programs. Its Parts Supply segment primarily consists of aftermarket distribution of new, OEM supplied replacement parts and sales and leasing of USM, and accounted for approximately 45% of the company's sales in fiscal 2026. Its Repair, Engineering, and Software segment primarily provides Airframe MRO, Component MRO, and integrated software solutions, and accounted for approximately 35% of sales in fiscal 2026. Its Government Solutions segment primarily consists of fleet management and operations of customer-owned aircraft, performance-based supply chain logistics programs supporting the DoW, the DoS and foreign governments, and Mobility Systems operations supporting the movement of equipment by governments and non-governmental organizations, and accounted for approximately 15% of sales in fiscal 2026. Its Legacy Commercial Programs segment primarily consists of asset-heavy flight hour-based component pool and repair programs for commercial airlines and distribution of consumables and expendables inventory, and accounted for approximately 5% of sales in fiscal 2026. AAR was incorporated in 1955.

Written from the business description in AAR CORP's annual report to the U.S. Securities and Exchange Commission, filed 22 July 2026. Every sentence was checked against that document before publication.

Growth

USD 3.3B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 3.3 · Net income 0.2
2B3B
2008201120142017202020232025
Compound annual growth
+18.4%
+14.9%
+8.0%
+4.1%
+27.7%
+39.3%
+14.7%
+6.8%
+24.3%
+37.2%
+13.5%
+7.1%
−38.0%
−7.4%
−24.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +14.9% a year over the five years to FY2025 — but profit grew faster: net income at +39.3%, earnings per share at +37.2%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

6 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 7.4% · Net 5.7%
2%4%6%
200820162025
ROE
FY2025 · ROE 12.9%
5%10%
200820162025
Three returns, three denominators.
Return on capital employedNot available: we don't have a clean operating profit figure for this period.

Each USD of equity produced 13 cents of profit this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 62.1
50M100M-30M-60M
200820162025
Net buybacks $M Dividends $M
FY2024 · Dividends · · Net buybacks 10.1
100M200MDividendsNet buybacks
20102012201420162018202020222024

Total assetsUSD 3.4B
EquityUSD 1.7B
CashUSD 84.0M
Gross debtUSD 893.9M
Net debtUSD 809.9M
Current ratio2.84×

Net debt stands at 48% of equity.

The 18-year record

18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
AIR, 18-year financial record
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B3.32.82.32.01.81.72.12.11.71.61.51.61.71.82.11.81.41.4
Operating income $B0.20.00.10.1◌◌◌◌◌◌◌◌◌◌◌◌◌◌
EBITDA $B0.30.10.10.1◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Income tax $B0.10.00.00.00.00.00.00.00.00.00.0−0.00.00.00.00.00.00.0
Net income $B0.20.00.00.10.10.00.00.00.00.10.00.00.10.10.10.10.00.1
Free cash flow $B0.10.00.0−0.00.10.1−0.10.10.0−0.0−0.0−0.10.10.10.0−0.00.10.0
EPS, diluted $4.860.351.292.532.171.000.130.210.411.641.370.241.831.381.651.731.161.45
Dividend / sh $◌◌◌◌◌◌◌0.300.300.30◌◌0.300.300.300.07◌◌
Payout %—————02431406618221171623184——
ROE %12.91.04.08.57.83.80.50.81.76.35.61.17.66.28.08.86.28.1

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures · 9 divergences in 84 reconciliationsAUDITED

Reconciled in 9 of the 18 fiscal years we could check. 9 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. Four checks were skipped: the balance sheet is not tagged before 2009. Two checks were skipped: the share count is not tagged before 2009. One check was skipped: revenue is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures9 divergent
ActivityAircraft & Parts
Listed onNYSE
Incorporated inDelaware
Fiscal year endsMay 31
Data on record since2008

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