Wednesday 4 November 2026 Export AIR’s income statement to Excel — free account

AAR Corp.

AIR Industrials Aerospace & Defense

AAR Corp.’s revenue for fiscal 2026 (year ended May 2026) was $3.3 billion, up 19.0% from fiscal 2025.

Revenue: +24.1%
EPS: +5.21%
Free cash flow: +182.1%
Total debt: −13.9%

Quarter to August 2026, against a year earlier

108.51 0.11 −0.10%

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Market cap: $4.4B
P/E: 22.2×
Fwd P/E: 19.7×
Dividend yield: —
F-score: 6/9
Altman Z: 3.71
Beneish M: −2.18
Dividend safety: n/a

Overview

AAR Corp. (AIR) Debt to equity

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AAR Corp.'s debt to equity at the end of the quarter to 31 August 2026 was 0.5×, down 0.0× from fiscal 2026 (0.5×). Over the past ten years it has ranged from 0.1× (fiscal 2022) to 0.8× (fiscal 2024); the current reading is higher than 75% of that period. That is above the Aerospace & Defense industry median of 0.2× and above the Industrials sector median of 0.3×.

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<iframe src="https://stockrow.com/embed/AIR/debt-to-equity" width="100%" height="360" style="border:0" loading="lazy" title="AAR Corp. debt to equity, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/AIR/metrics/debt-to-equity">AAR Corp. (AIR) debt to equity — stockrow.com</a></p>

Period	Debt to equity	Change
FY2026	0.5×	(34.32%)
FY2025	0.8×	(3.54%)
FY2024	0.8×	237.49%
FY2023	0.2×	156.69%
FY2022	0.1×	(30.32%)
FY2021	0.1×	(79.36%)
FY2020	0.7×	325.00%
FY2019	0.2×	(17.38%)
FY2018	0.2×	12.21%
FY2017	0.2×	(1.40%)

Period	Debt to equity	Change
Aug 2026	0.5×	(3.79%)
May 2026	0.5×	(2.92%)
Feb 2026	0.5×	(11.42%)
Nov 2025	0.6×	(25.41%)
43 more quarters	Free account

Against its own ten years

Low 0.1× High 0.8×

Ten-year median 0.2×

Current reading's percentile 75

Company	Debt to equity
BETA BETA Technologies, Inc. compare	0.0×
MDA MDA Space Ltd. compare	0.2×
MRCY Mercury Systems Inc compare	0.3×
VSEC VSE Corporation compare	0.3×
MOG.B Moog Inc. compare	0.4×
AIR AAR Corp.	0.5×
DPC DPC Holdings PLC compare	0.7×
PL Planet Labs PBC compare	0.8×
KRMN Karman Holdings Inc. compare	2.0×
Aerospace & Defense industry median	0.2×
Industrials sector median	0.3×
Market median	0.2×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

AAR Corp. (AIR) Debt to equity

Debt to equity, annual

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Against its own ten years

Debt to equity against peers

What Debt to equity is

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Debt to equity, annual

Annual newest first

Quarterly newest first

Against its own ten years

Debt to equity against peers

What Debt to equity is

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