Wednesday 14 October 2026 Export AIR’s income statement to Excel — free account

AAR Corp.

AAR Corp.’s revenue for fiscal 2026 (year ended May 2026) was $3.3 billion, up 19.0% from fiscal 2025. In the quarter to August 2026, revenue grew 24.1%, EPS grew 5.48%, free cash flow grew 182.1% and total debt fell 13.9%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for five.

96.76 2.59 −2.61%

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Market cap: $4.0B
P/E: 20.1×
Fwd P/E: 26.3×
Dividend yield: —
F-score: 6/9
Altman Z: 3.71
Beneish M: −2.18
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 26.70

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	—	6	2	3	—	—	—	—	—	—	—

Insider Ownership 1.01%

Capital & Financial Ratios $m

Market Cap 3,990.00

Revenue 3,486.40

Net Income 193.40

Free Cash Flow 184.80

Net Debt 766.50

Current Ratio 2.83

Debt/Equity 0.50

P/E ratio 20.13

Fwd P/E 26.30

P/S ratio 1.13

P/B ratio 2.25

Past 5Y EPS Growth 37.19%

This Y EPS Growth 16.04%

Next Y EPS Growth 15.87%

Next Y revenue growth 11.58%

Next 5Y EPS Growth 17.51%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 18.62%

10-year low 10-year high

P/S against its own 10 years 91.99%

10-year low 10-year high

P/B against its own 10 years 91.00%

10-year low 10-year high

EV/Sales against its own 10 years 88.56%

10-year low 10-year high

EV/FCF against its own 10 years 17.82%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	0.15	0.08 0.08
2019	0.30	0.08 0.08 0.08 0.08
2018	0.30	0.08 0.08 0.08 0.08
2017	0.30	0.08 0.08 0.08 0.08
2016	0.30	0.08 0.08 0.08 0.08

special payouts not included in total or ratios

Assets vs Liabilities $m

	2024	2025	2026	Q'26
Cash	96	109	108	113
Receivables	287	355	387	436
Inventory	733	809	979	1,009
Other	263	237	269	147
	1,390	1,511	1,742	1,840

	2024	2025	2026	Q'26
Payables	238	303	296	338
ST’ Debt	—	—	—	—
Other	—	—	—	—
	467	555	613	651

Compound Annual Growth %

	10y	5y	3y
Sales	8.05%	14.89%	18.45%
Cash Flow	11.89%	(1.27%)	61.80%
Earnings	14.68%	39.60%	27.67%
Book Value	7.00%	11.82%	15.73%

Revenue $m

	Aug	Nov	Feb	May	Year
’26	918	—	—	—	—
’26	740	795	845	928	3,308
’25	662	686	678	755	2,781
’24	550	545	567	656	2,319
’23	446	470	521	553	1,991
’22	455	437	452	476	1,820
’21	401	404	410	438	1,652

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Aug	Nov	Feb	May	Year
’26	56	—	—	—	—
’26	(45)	14	75	55	99
’25	(19)	22	(19)	51	36
’24	(19)	17	20	25	44
’23	7	(46)	17	45	23
’22	3	16	16	40	75
’21	39	27	17	23	105

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Aug	Nov	Feb	May	Year
’26	44	—	—	—	—
’26	(54)	6	91	44	87
’25	(26)	14	(22)	41	6
’24	(28)	10	15	17	14
’23	0	(52)	8	38	(6)
’22	1	20	12	33	65
’21	36	24	15	20	94

Fiscal quarters ending in the months shown.

EPS $

	Aug	Nov	Feb	May	Year
’26	1.01	—	—	—	—
’26	0.95	0.90	1.71	1.27	4.86
’25	0.50	(0.87)	(0.25)	0.95	0.35
’24	(0.02)	0.67	0.39	0.26	1.29
’23	0.63	0.64	0.62	0.66	2.53
’22	0.32	0.58	0.63	0.66	2.17
’21	(0.42)	0.23	0.79	0.39	1.00

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	31.20	33.94	29.84	8.56	30.90	33.75	44.21	54.71	46.51	82.45	Analyst estimates 2027–2029 Powerpack
	High	44.04	51.52	52.78	47.99	45.49	52.83	73.95	76.34	89.69	154.00
People
People	Employees	4,600	5,000	5,650	5,400	4,700	4,500	5,000	5,700	5,600	7,100
	Revenue/emp, $m	0.35	0.35	0.36	0.38	0.35	0.40	0.40	0.41	0.50	0.47
Income, $m
Income, $m	Revenue	1,591	1,748	2,052	2,072	1,652	1,820	1,991	2,319	2,781	3,308
	Gross margin, %	16.56	16.82	16.07	12.99	16.70	17.21	18.59	19.07	18.98	18.80
	EBT	77	77	89	30	65	105	121	58	39	246
	EBT margin, %	4.85	4.42	4.34	1.47	3.90	5.77	6.09	2.51	1.40	7.43
	Net income	57	16	8	4	36	79	90	46	13	188
	Depreciation	36	41	43	44	36	33	28	41	58	75
Per share, $
Per share, $	Revenue	46.93	51.12	59.47	59.54	47.21	51.12	57.36	66.07	78.10	86.37
	Earnings	1.66	0.44	0.20	0.12	1.02	2.20	2.56	1.30	0.35	4.88
	Cash flow	0.64	1.88	1.95	(1.04)	3.01	2.11	0.67	1.24	1.01	2.58
	Capex	(0.74)	(0.64)	(0.50)	(0.68)	(0.32)	(0.28)	(0.85)	(0.85)	(0.84)	(0.30)
	Free cash flow	(0.10)	1.24	1.45	(1.72)	2.68	1.83	(0.18)	0.40	0.17	2.28
	Book value	26.97	27.38	26.26	25.94	27.84	29.06	31.67	33.90	34.03	44.49
	Shares, m	34	34	35	35	35	36	35	35	36	38
Valuation, ×
Valuation, ×	P/E	20.92	99.31	143.29	154.46	42.56	21.62	19.35	54.19	188.67	22.59
	P/S	0.74	0.87	0.51	0.34	0.90	0.94	0.87	1.07	0.80	1.27
	P/B	1.30	1.63	1.15	0.77	1.53	1.66	1.58	2.09	1.83	2.47
	EV/Sales	0.84	0.95	0.56	0.42	0.95	0.97	0.97	1.46	1.11	1.51
	EV/FCF	(390.70)	39.34	22.78	(14.64)	16.65	26.94	(310.78)	243.25	504.16	57.33
Cash, $m
Cash, $m	Operating cash flow	22	64	67	(36)	105	75	23	44	36	99
	Capex	(25)	(22)	(17)	(24)	(11)	(10)	(29)	(30)	(30)	(11)
	Free cash flow	(3)	42	50	(60)	94	65	(6)	14	6	87
Balance, $m
Balance, $m	Working capital	553	609	595	1,056	600	659	746	923	956	1,129
	Total debt	154	177	142	600	134	99	270	985	968	894
	Net debt	144	136	101	175	74	40	188	889	859	786
	Shareholders’ equity	914	936	906	903	974	1,035	1,099	1,190	1,212	1,704
Returns, %
Returns, %	ROA	3.82	1.03	0.49	0.24	1.96	5.02	5.29	2.01	0.45	6.05
	ROIC	4.86	5.01	6.10	2.39	5.08	6.22	6.50	3.88	5.59	6.97
	ROE	6.35	1.69	0.81	0.49	3.77	7.78	8.46	4.05	1.04	12.88

Negative figures in brackets.

All 10 years →

Fiscal years to May 2026 · latest quarter Aug 2026 · fundamentals updated 1 Oct 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
MRCY Mercury Systems Inc	$4.7B	— (loss-making)	239×	+6.11% (above 0%: growing)	−94.79% (below 0%: shrinking)	−15.93% (below 0%: shrinking)	30.57%	4.99%	Compare
VSEC VSE Corporation	$4.7B	51.2×	43.0×	+65.04% (above 0%: growing)	+513.33% (above 0%: growing)	+217.04% (above 0%: growing)	17.02%	10.90%	Compare
BETA BETA Technologies, Inc.	$4.6B	— (loss-making)	— (loss-making)	+145.69% (above 0%: growing)	n/m	−87.68% (below 0%: shrinking)	54.72%	(1,078.71%)	Compare
KRMN Karman Holdings Inc.	$4.2B	104×	108×	+58.18% (above 0%: growing)	+120.00% (above 0%: growing)	+17.67% (above 0%: growing)	42.97%	19.13%	Compare
AIR AAR Corp.	$4.0B	20.1×	26.3×	+24.12% (above 0%: growing)	+5.48% (above 0%: growing)	+182.09% (above 0%: growing)	19.20%	7.85%
MOG.B Moog Inc.	$3.7B	31.0×	—	+15.16% (above 0%: growing)	+153.97% (above 0%: growing)	+67.52% (above 0%: growing)	31.10%	14.41%	Compare
ACHR Archer Aviation Inc.	$3.6B	— (loss-making)	— (loss-making)	—	n/m	−51.76% (below 0%: shrinking)	14.00%	(5,584.00%)	Compare
FLY Firefly Aerospace, Inc.	$3.2B	— (loss-making)	— (loss-making)	+656.85% (above 0%: growing)	n/m	−185.28% (below 0%: shrinking)	20.29%	(80.89%)	Compare
LUNR Intuitive Machines, Inc.	$2.9B	— (loss-making)	— (loss-making)	+309.77% (above 0%: growing)	n/m	−197.16% (below 0%: shrinking)	17.40%	(22.86%)	Compare
Median of peers	$3.9B	51.2×	108×	+65.04%	+136.99%	−33.84%	25.43%	(8.93%)

All 82 Aerospace & Defense stocks →

AAR Corp. (AIR) key facts

Strength: AAR Corp.’s revenue for fiscal 2026 (year ended May 2026) was $3.3 billion, up 19.0% from fiscal 2025.
Strength: Net income was $187.7 million, or $4.88 per share (basic), a net margin of 5.67%.
AAR Corp. (AIR) is an Aerospace & Defense company in the Industrials sector, listed on the New York Stock Exchange.
As of October 13, 2026, AIR traded at $99.10, a market capitalization of $4.0 billion.
At that price the stock trades at 20.1× trailing-twelve-month earnings and 1.1× sales; its P/E is higher than 19% of its own readings over the past ten years.
Return on equity was 12.9% and debt-to-equity 0.50.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 3.71 (safe zone) for fiscal 2026.