About AAR Corp. Common Stock Company overview from Wikipedia

AAR Corp. is an American provider of aircraft maintenance services to commercial and government customers worldwide. The company is headquartered in Wood Dale, Illinois, a Chicago suburb. The company employs about 6,000 people, operating in about 30 different countries. John Holmes is the current CEO.

History

The company was founded by Ira Allen Eichner in 1951, to supply radios and other equipment to the commercial aviation industry. I.A. Allen Industrial was incorporated in 1955, renamed Allen Aircraft Radio (AAR) in 1962, and became AAR CORP. in 1970. Also, in 1969, AAR began its aircraft maintenance business in Oklahoma City. In 1965, AAR expanded to Europe and opened a Singapore office in 1982.

AAR organized its Aircraft Turbine Center, Inc. in 1979 after future CEO David P. Storch, Eichner's son-in-law, joined the company.

David P. Storch was CEO from 1996 to 2018. In 2018, John M. Holmes became CEO.

On November 3, 2025, AAR and HAECO Americas, with 1600 employees in Greensboro, North Carolina and Lake City, Florida, announced that AAR had purchased the HAECO subsidiary for $78 million. At the time, HAECO Americas was the second-largest heavy aircraft maintenance company in North America, with AAR being number one.

In December 2025, it was announced that AAR had entered into an agreement to acquire Aircraft Reconfig Technologies from ZIM Aircraft Cabin Solutions for US$35 million in an all-cash transaction. The acquisition was intended to expand AAR’s engineering and certification capabilities within its repair and engineering segment and was subject to customary closing conditions and regulatory approvals. In late December 2025, it was announced that AAR would be permanently closing its Indianapolis location by February 28, 2027.

Lobbying and corruption

During the first Trump administration, AAR quadrupled its lobbying expenditures. The company spent large sums at Trump-owned properties with the intent to get Trump to view the company more favorably. From the time Trump took office until October 2020, AAR obtained 10 new federal contracts worth a total of $1.35 billion.

In December 2024, AAR agreed to resolve U.S. charges in connection with schemes to bribe Nepalese and South African officials related to contracts with state-owned flag carriers Nepal Airlines and South African Airways. AAR agreed to pay more than $55 million to resolve investigations done by the Justice Department and SEC.

Financial trends

Annual financial highlights (U.S. Dollars in millions except per share data):

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

AIR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price

$148.48

Market Cap

—

P/E (TTM)

23.2

EPS (TTM)

$4.86

Revenue (TTM)

$3.31B

Div Yield

—

ROE

11.5%

Debt/Equity

0.5

52W Range

$72 – $154

AIR Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $3.31B

2017-05-31 → 2026-05-31

EPS $4.86

2017-05-31 → 2026-05-31

Free Cash Flow $62M

2017-05-31 → 2026-05-31

Margins 5.7%

2017-05-31 → 2026-05-31

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric

5Y trend

AIR

Peer Median

P/E (TTM)

23.2

57.8

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric

5Y trend

AIR

Peer Median

Gross Margin

18.8%

24.8%

Net Profit Margin

5.7%

-4.1%

ROA

6.0%

-8.2%

ROE

11.5%

-5.1%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric

5Y trend

AIR

Peer Median

Debt / Equity

0.5

—

Current Ratio

2.8

3.3

Quick Ratio

0.8

—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric

5Y trend

AIR

Peer Median

Revenue YoY

19.0%

—

Revenue CAGR 3Y

18.4%

—

Revenue CAGR 5Y

14.9%

—

EPS YoY

1288.6%

—

Net Income YoY

1401.6%

—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric

5Y trend

AIR

Peer Median

EPS (Diluted)

$4.86

—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric

5Y trend

AIR

Peer Median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield

—

Payout Ratio

—

5Y Div CAGR

—

Ex-date	Amount
March 27, 2020	$0.0750
Jan. 2, 2020	$0.0750
Oct. 4, 2019	$0.0750
July 18, 2019	$0.0750
April 30, 2019	$0.0750
Jan. 25, 2019	$0.0750
Oct. 19, 2018	$0.0750
July 19, 2018	$0.0750
April 30, 2018	$0.0750
Jan. 19, 2018	$0.0750
Oct. 20, 2017	$0.0750
July 19, 2017	$0.0750
April 27, 2017	$0.0750
Jan. 19, 2017	$0.0750
Oct. 20, 2016	$0.0750
July 20, 2016	$0.0750
April 27, 2016	$0.0750
Jan. 26, 2016	$0.0750
Oct. 26, 2015	$0.0750
July 24, 2015	$0.0750

AIR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 12 analysts

Strong Buy 3 25.0%
Buy 6 50.0%
Hold 3 25.0%
Sell 0 0.0%
Strong Sell 0 0.0%

12-Month Price Target

5 analysts · 2026-08-16

Median $145.00

Now $148.48

Low $128.00

High $155.00

Median target $145.00 -2.3%

Mean target $145.20 -2.2%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise

0.12%

Next Report

Sep 21, 2026

Period	EPS Actual	EPS Est	Surprise
June 30, 2026	$1.53	$1.40	0.13%
March 31, 2026	$1.25	$1.16	0.09%
Dec. 31, 2025	$1.18	$1.04	0.14%
Sept. 30, 2025	$1.08	$0.99	0.09%
June 30, 2025	$1.16	$1.02	0.14%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
AIR	—	23.2	19.0%	5.7%	11.5%	18.8%
KRMN	$9.68B	562.8	36.6%	3.7%	4.7%	40.3%
HXL	$5.59B	194.5	-0.48%	5.8%	7.8%	23.0%
LOAR	$6.37B	90.7	23.2%	14.5%	6.4%	52.7%
BETA	—	-2.2	136.0%	-2094.2%	-70.7%	72.2%
MRCY	$7.52B	-252.4	7.8%	-3.0%	-2.0%	28.6%
VSEC	—	—	—	—	—	—
ACHR	$5.60B	-7.6	—	-206066.7%	-31.8%	—
LUNR	—	-22.2	-7.9%	-39.6%	9.4%	—
FLY	$3.56B	-4.6	162.9%	-186.6%	-219.4%	19.2%
ATRO	—	67.0	8.4%	3.4%	14.8%	29.9%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 16

Annual Income Statement data for AIR
Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$3.31B	$2.78B	$2.32B	$1.99B	$1.82B	$1.65B	$2.07B	$2.05B	$1.75B	$1.59B	$1.53B	$1.62B
Cost of Revenue	$2.69B	$2.25B	$1.88B	$1.62B	$1.51B	·	·	$1.72B	$840M	$788M	$785M	$891M
Gross Profit	$622M	$528M	$442M	$370M	$313M	$276M	$269M	$330M	$294M	$263M	$233M	$131M
SG&A Expense	$349M	$348M	$312M	$230M	$202M	$182M	$221M	$215M	$208M	$179M	$158M	$172M
Operating Expenses	·	·	·	$1.85B	$1.71B	$1.57B	$2.03B	$1.95B	$1.66B	$1.51B	$1.45B	$1.66B
Interest Expense	·	·	$43M	$12M	$2M	$5M	$9M	$10M	$8M	$5M	$6M	$27M
Interest Income	$2M	$2M	$2M	$1M	$100.0K	$200.0K	$500.0K	$1M	$100.0K	$100.0K	$200.0K	$300.0K
Other Non-op	$-2M	$-300.0K	$-400.0K	$-800.0K	$2M	$4M	$-2M	$-800.0K	$-900.0K	·	·	·
Pretax Income	$246M	$39M	$58M	$121M	·	·	·	·	·	·	·	·
Income Tax	$58M	$26M	$12M	$31M	$27M	$18M	$6M	$5M	$4M	$25M	$23M	$-39M
Net Income	$188M	$12M	$46M	$90M	$79M	$36M	$4M	$8M	$16M	$56M	$48M	$10M
EPS (Basic)	$4.88	$0.35	$1.30	$2.56	$2.20	$1.01	$0.12	$0.20	$0.44	$1.66	$1.37	$0.26
EPS (Diluted)	$4.86	$0.35	$1.29	$2.53	$2.17	$1.00	$0.13	$0.21	$0.41	$1.64	$1.37	$0.24
Shares (Basic)	38,300,000	35,600,000	35,100,000	34,700,000	35,600,000	35,000,000	34,800,000	34,500,000	34,200,000	33,900,000	34,400,000	39,100,000
Shares (Diluted)	38,400,000	35,800,000	35,400,000	35,100,000	36,000,000	35,300,000	35,000,000	34,900,000	34,600,000	34,300,000	34,600,000	39,400,000
EBITDA	$72M	$55M	$41M	$28M	$33M	$36M	$44M	$43M	$40M	$53M	$50M	$69M

Balance Sheet 27

Annual Balance Sheet data for AIR
Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Cash & Equivalents	$84M	$96M	$86M	$68M	$54M	$52M	$405M	$21M	$31M	$10M	$31M	$55M
Receivables	$387M	$355M	$287M	$241M	$214M	$167M	$172M	$198M	$202M	$234M	$248M	$229M
Inventory	$979M	$809M	$733M	$574M	$550M	$541M	$623M	$524M	$461M	$433M	$452M	$456M
Prepaid Expense	$120M	$97M	$59M	·	·	$28M	$77M	·	·	·	$32M	·
Other Current Assets	·	·	·	·	$40M	$28M	$77M	$36M	$26M	$19M	$32M	$28M
Current Assets	$1.74B	$1.51B	$1.39B	$1.10B	$1.01B	$937M	$1.44B	$952M	$943M	$888M	$882M	$896M
PP&E (Net)	$167M	$158M	$172M	$126M	$110M	$120M	$136M	$133M	$133M	$117M	$238M	$215M
PP&E (Gross)	$409M	$437M	$452M	$395M	$368M	$380M	$382M	$365M	$348M	$325M	$676M	$613M
Accum. Depreciation	$242M	$279M	$280M	$269M	$258M	$260M	$246M	$232M	$214M	$208M	$438M	$398M
Goodwill	$580M	$531M	$555M	$176M	$116M	$119M	$116M	$116M	$119M	$106M	$108M	$124M
Intangibles	$282M	$220M	$235M	$64M	$3M	$4M	$6M	$22M	$28M	$31M	$36M	$37M
Other Non-current Assets	$194M	$159M	$156M	$128M	$98M	$99M	$82M	$78M	$119M	$105M	$102M	$83M
Total Assets	$3.36B	$2.84B	$2.77B	$1.83B	$1.57B	$1.54B	$2.08B	$1.52B	$1.52B	$1.50B	$1.46B	$1.45B
Accounts Payable	$296M	$303M	$238M	$158M	$156M	$127M	$192M	$188M	$170M	$164M	$166M	$142M
Accrued Liabilities	·	$252M	$219M	$180M	$175M	$174M	$162M	$140M	$138M	$140M	$163M	$201M
Current Liabilities	$613M	$555M	$467M	$352M	$348M	$337M	$383M	$358M	$333M	$335M	$341M	$412M
Capital Leases	$101M	$80M	$80M	$48M	$57M	$60M	$71M	·	·	·	·	·
Deferred Tax	$23M	$18M	$24M	$34M	$20M	$10M	·	·	$16M	$37M	$34M	$46M
Other Non-current Liabilities	$21M	$12M	·	·	·	·	·	·	·	·	·	·
Long-term Debt	·	·	·	·	·	·	·	·	·	$154M	$148M	$151M
Total Debt	$894M	$968M	$985M	$270M	$99M	$134M	$600M	$142M	$177M	$157M	$148M	$154M
Common Stock	$49M	$45M	$45M	$45M	$45M	$45M	$45M	$45M	$45M	$45M	$45M	$45M
Retained Earnings	$1.16B	$969M	$957M	$911M	$820M	$742M	$706M	$710M	$733M	$728M	$682M	$644M
Treasury Stock	$288M	$303M	$298M	$318M	$289M	$274M	$283M	$288M	$281M	$280M	$268M	$246M
AOCI	$-4M	$-6M	$-9M	$-24M	$-20M	$-18M	$-45M	$-41M	$-32M	$-40M	$-44M	$-40M
Stockholders' Equity	$1.70B	$1.21B	$1.19B	$1.10B	$1.03B	$974M	$903M	$906M	$936M	$914M	$866M	$845M
Liabilities + Equity	$3.36B	$2.84B	$2.77B	$1.83B	$1.57B	$1.54B	$2.08B	$1.52B	$1.52B	$1.50B	$1.46B	$1.45B

Cash Flow 19

Annual Cash Flow data for AIR
Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
D&A	$72M	$55M	$40M	$27M	$33M	$36M	$44M	$43M	$40M	$36M	$33M	$58M
Stock-based Comp	$18M	$20M	$15M	$14M	$8M	$9M	$7M	$14M	$15M	$11M	$6M	$7M
Deferred Tax	$-3M	$-6M	$-20M	$-2M	$9M	$8M	$500.0K	$-5M	$-13M	$12M	$6M	$-53M
Amort. of Intangibles	$24M	$16M	$7M	$1M	$1M	$2M	$2M	$4M	$5M	$4M	$4M	$5M
Restructuring	·	·	·	·	·	·	$5M	·	·	·	·	·
Other Non-cash	$-176M	$-46M	$-39M	$-106M	$-54M	$16M	$-92M	$9M	$6M	$-99M	$-77M	$-78M
Operating Cash Flow	$99M	$36M	$44M	$23M	$75M	$105M	$-36M	$67M	$64M	$22M	$32M	$-43M
CapEx	$37M	$35M	$30M	$30M	$17M	$11M	$24M	$17M	$22M	$25M	$40M	$42M
Investing Cash Flow	$-309M	$11M	$-758M	$-138M	$-16M	$-500.0K	$-25M	$-19M	$-43M	$-30M	$-17M	$689M
Debt Issued	$153M	·	$550M	·	·	·	·	·	$25M	·	·	·
Net Debt Issued	$153M	·	$550M	·	$-25M	·	·	$-25M	$25M	$-10M	·	·
Stock Issued	$274M	·	·	·	·	·	·	·	·	·	·	·
Stock Repurchased	·	$10M	$5M	$50M	$42M	·	$4M	$10M	$13M	$20M	$19M	$152M
Net Stock Activity	$274M	$-10M	$-5M	$-50M	$-42M	·	$-4M	$-10M	$-13M	$-20M	$-19M	$-152M
Dividends Paid	·	·	·	·	·	$100.0K	$11M	$10M	$10M	$10M	$10M	$12M
Financing Cash Flow	$209M	$-34M	$729M	$138M	$-60M	$-470M	$444M	$-49M	$10M	$-12M	$-38M	$-678M
Net Change in Cash	$-1M	$13M	$14M	$23M	$-1M	$-364M	$384M	$-500.0K	$31M	$-21M	$-24M	$-34M
Taxes Paid	$50M	$24M	$42M	·	·	·	·	·	·	·	·	·
Free Cash Flow	$62M	$1M	$14M	$-6M	$58M	$94M	$-60M	$50M	$42M	$-12M	$-56M	$-89M

Profitability 6

Annual Profitability data for AIR
Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Gross Margin	18.8%	19.0%	19.1%	18.6%	17.2%	16.7%	13.0%	16.1%	16.9%	15.6%	14.2%	10.0%
Net Margin	5.7%	0.45%	2.0%	4.5%	4.3%	2.2%	0.21%	0.37%	0.89%	3.2%	2.9%	0.64%
Pretax Margin	7.4%	1.4%	·	·	·	·	·	·	·	·	·	·
EBITDA Margin	2.2%	2.0%	1.8%	1.4%	1.8%	2.2%	2.1%	2.1%	2.3%	3.0%	3.0%	4.3%
ROA	6.0%	0.45%	2.0%	5.3%	5.1%	2.0%	0.24%	0.49%	1.0%	3.8%	3.3%	0.56%
ROE	11.5%	1.0%	3.9%	8.3%	7.7%	3.8%	0.48%	0.83%	1.7%	6.3%	5.6%	1.1%

Liquidity & Solvency 4

Annual Liquidity & Solvency data for AIR
Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Current Ratio	2.8	2.7	3.0	3.1	2.9	2.8	3.8	2.7	2.8	2.7	2.7	2.3
Quick Ratio	0.8	0.8	0.8	0.9	0.8	0.6	1.5	0.6	0.7	0.8	0.8	0.7
Debt / Equity	0.5	0.8	0.8	0.2	0.1	0.1	0.7	0.2	0.2	0.2	0.2	0.2
LT Debt / Equity	0.5	0.8	0.8	0.2	0.1	0.1	0.7	0.2	0.2	0.2	0.2	0.1

Efficiency 3

Annual Efficiency data for AIR
Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Asset Turnover	1.1	1.0	1.0	1.2	1.2	0.9	1.2	1.3	1.2	1.2	1.1	0.9
Inventory Turnover	3.0	2.9	2.9	·	·	·	·	3.6	1.9	1.7	1.7	1.8
Receivables Turnover	8.9	8.7	8.8	8.7	9.6	9.8	11.2	11.1	8.0	7.1	7.0	6.2

Per Share 4

Annual Per Share data for AIR
Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue / Share	$86.15	$77.67	$65.51	$56.71	$50.56	$46.81	$59.20	$58.79	$50.53	$51.53	$48.05	$40.46
Cash Flow / Share	$2.57	$1.01	$1.23	$0.66	$2.09	$2.98	$-1.03	$1.93	$1.86	$0.64	$0.93	$-1.09
Dividend / Share	·	·	·	·	·	·	·	$0	$0	$0	·	·
EPS (TTM)	$4.86	$0.35	$1.29	$2.53	$2.17	$1.00	$0.13	$0.21	$0.41	$1.64	$1.37	$0.24

Growth Rates 9

Annual Growth Rates data for AIR
Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue YoY	19.0%	19.9%	16.5%	9.4%	10.2%	-20.3%	·	·	·	·	·	·
Revenue CAGR 3Y	18.4%	15.2%	12.0%	-1.3%	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	14.9%	6.1%	·	·	·	·	·	·	·	·	·	·
EPS YoY	1288.6%	-72.9%	-49.0%	16.6%	117.0%	669.2%	·	·	·	·	·	·
EPS CAGR 3Y	24.3%	-45.6%	8.9%	169.0%	·	·	·	·	·	·	·	·
EPS CAGR 5Y	37.2%	21.9%	·	·	·	·	·	·	·	·	·	·
Net Income YoY	1401.6%	-73.0%	-48.7%	14.6%	119.8%	713.6%	·	·	·	·	·	·
Net Income CAGR 3Y	27.7%	-45.8%	8.9%	173.7%	·	·	·	·	·	·	·	·
Net Income CAGR 5Y	39.3%	23.2%	·	·	·	·	·	·	·	·	·	·

Valuation (TTM) 6

Annual Valuation (TTM) data for AIR
Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue TTM	$3.31B	$2.78B	$2.32B	$1.99B	$1.82B	$1.65B	$2.07B	$2.05B	$1.75B	$1.59B	$1.53B	$1.62B
Net Income TTM	$188M	$12M	$46M	$90M	$79M	$36M	$4M	$8M	$16M	$56M	$48M	$10M
P/E	23.2	175.5	55.0	19.8	22.2	41.8	155.2	143.3	109.0	21.3	17.8	123.1
Earnings Yield	4.3%	0.57%	1.8%	5.1%	4.5%	2.4%	0.64%	0.70%	0.92%	4.7%	5.6%	0.81%
Payout Ratio	·	·	·	·	·	0.28%	243.2%	140.0%	66.0%	18.1%	21.8%	122.5%
Annual Payout	·	·	·	·	·	$100.0K	$11M	$10M	$10M	$10M	$10M	$12M

Income Statement 16

Quarterly Income Statement data for AIR
Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Revenue	$928M	$845M	$795M	$740M	$754M	$678M	$686M	$662M	$656M	$567M	$545M	$550M	$553M	$521M	$470M	$446M
Cost of Revenue	$751M	$690M	$638M	$606M	$604M	$546M	$558M	$544M	$529M	$457M	$442M	$448M	$445M	$427M	$384M	$364M
Gross Profit	$177M	$155M	$157M	$134M	$150M	$132M	$129M	$117M	$127M	$110M	$103M	$101M	$108M	$94M	$86M	$82M
SG&A Expense	$100M	$90M	$89M	$71M	$77M	$61M	$133M	$76M	$95M	$77M	$66M	$75M	$71M	$57M	$53M	$50M
Operating Expenses	·	·	·	·	·	·	·	·	·	·	·	·	·	$485M	$437M	$414M
Interest Expense	·	·	·	·	·	·	·	·	·	$12M	$6M	$6M	·	$4M	$2M	$1M
Interest Income	$400.0K	$400.0K	$500.0K	$300.0K	$400.0K	$400.0K	$500.0K	$500.0K	$600.0K	$600.0K	$600.0K	$400.0K	$500.0K	$300.0K	$100.0K	$100.0K
Other Non-op	$-1M	$-700.0K	$-200.0K	$-100.0K	$100.0K	$-100.0K	$-200.0K	$-100.0K	$-100.0K	$-200.0K	$-100.0K	·	$-1M	$-300.0K	$500.0K	$200.0K
Pretax Income	$58M	$93M	$48M	$47M	$48M	$-11M	$-22M	$25M	·	·	·	·	·	·	·	·
Income Tax	$7M	$25M	$14M	$13M	$14M	$-2M	$8M	$7M	$4M	$6M	$8M	$-7M	$7M	$8M	$8M	$8M
Net Income	$51M	$68M	$35M	$34M	$34M	$-9M	$-31M	$18M	$9M	$14M	$24M	$-600.0K	$23M	$22M	$22M	$23M
EPS (Basic)	$1.29	$1.72	$0.91	$0.96	$0.97	$-0.25	$-0.87	$0.50	$0.25	$0.40	$0.67	$-0.02	$0.64	$0.63	$0.65	$0.64
EPS (Diluted)	$1.30	$1.71	$0.90	$0.95	$0.97	$-0.25	$-0.87	$0.50	$0.25	$0.39	$0.67	$-0.02	$0.64	$0.62	$0.64	$0.63
Shares (Basic)	-74,500,000	39,300,000	37,800,000	35,700,000	-70,200,000	35,400,000	35,200,000	35,200,000	-34,500,034	34	34,900,000	34,700,000	-68,500,000	34,100,000	34,200,000	34,900,000
Shares (Diluted)	-75,100,000	39,500,000	38,100,000	35,900,000	-70,400,000	35,400,000	35,200,000	35,600,000	-35,000,035	35	35,300,000	35,100,000	-69,600,000	34,600,000	34,700,000	35,400,000
EBITDA	·	·	·	$14M	·	·	·	$14M	·	·	·	$8M	·	·	·	$7M

Balance Sheet 26

Quarterly Balance Sheet data for AIR
Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Cash & Equivalents	$84M	$78M	$76M	$80M	$96M	$84M	$62M	$49M	$86M	$69M	$65M	$70M	·	$53M	$49M	$44M
Receivables	$387M	$426M	$402M	$364M	$355M	$312M	$320M	$311M	$287M	$257M	$246M	$281M	·	$238M	$225M	$221M
Inventory	$979M	$958M	$911M	$862M	$809M	$776M	$790M	$748M	$733M	$672M	$646M	$614M	·	$571M	$595M	$576M
Prepaid Expense	$120M	$137M	$129M	$104M	$97M	$75M	$81M	$77M	$59M	·	·	·	·	·	·	·
Other Current Assets	·	·	·	·	·	·	·	·	·	·	·	·	·	$48M	$39M	·
Current Assets	$1.74B	$1.76B	$1.69B	$1.57B	$1.51B	$1.53B	$1.50B	$1.43B	$1.39B	$1.24B	$1.19B	$1.21B	·	$1.07B	$1.06B	$1.04B
PP&E (Net)	$167M	$163M	$217M	$162M	$158M	$153M	$167M	$162M	$172M	$134M	$133M	$131M	·	$120M	$114M	$111M
PP&E (Gross)	$409M	·	·	·	$437M	·	·	·	$452M	·	·	·	·	·	·	·
Accum. Depreciation	$242M	$275M	$255M	$285M	$279M	$271M	$290M	$286M	$280M	$278M	$277M	$273M	·	$261M	$257M	$260M
Goodwill	$580M	$552M	$552M	$543M	$531M	$528M	$543M	$553M	$555M	$179M	$176M	$177M	$176M	·	·	·
Intangibles	$282M	$289M	$296M	$226M	$220M	$224M	$227M	$231M	$235M	$60M	$62M	$63M	·	·	·	·
Other Non-current Assets	$194M	$184M	$171M	$168M	$159M	$156M	$149M	$147M	$156M	$140M	$133M	$132M	·	$127M	$117M	$97M
Total Assets	$3.36B	$3.33B	$3.24B	$2.93B	$2.84B	$2.86B	$2.85B	$2.78B	$2.77B	$2.02B	$1.97B	$1.95B	·	$1.67B	$1.65B	$1.60B
Accounts Payable	$296M	$324M	$342M	$314M	$303M	$279M	$292M	$258M	$238M	$230M	$210M	$222M	·	$159M	$156M	$194M
Accrued Liabilities	·	$329M	$252M	$225M	$246M	$237M	$259M	$201M	$219M	$187M	$159M	$159M	·	$158M	$152M	$147M
Current Liabilities	$613M	$653M	$594M	$538M	$555M	$545M	$558M	$467M	$467M	$428M	$380M	$394M	·	$332M	$324M	$358M
Capital Leases	$101M	$91M	$92M	$78M	$80M	$68M	$78M	$79M	$80M	$73M	$73M	$52M	·	$52M	$52M	$54M
Deferred Tax	$23M	$18M	$21M	$22M	$18M	$25M	$24M	$24M	$24M	$37M	$40M	$40M	·	$14M	$20M	$20M
Other Non-current Liabilities	$21M	$38M	·	·	$12M	·	·	·	·	·	·	·	·	·	·	·
Total Debt	·	$888M	$953M	$1.02B	·	$1.02B	$987M	$981M	·	$275M	$275M	$305M	·	$186M	$197M	$114M
Common Stock	$49M	$49M	$49M	$45M	$45M	$45M	$45M	$45M	$45M	$45M	$45M	$45M	·	$45M	$45M	$45M
Retained Earnings	$1.16B	$1.11B	$1.04B	$1.00B	$969M	$935M	$944M	$975M	$957M	$948M	$934M	$910M	·	$887M	$866M	$843M
Treasury Stock	$288M	$292M	$298M	$298M	$303M	$287M	$293M	$293M	$298M	$306M	$301M	$307M	·	$324M	$332M	$306M
AOCI	$-4M	$-5M	$-6M	$-5M	$-6M	$-12M	$-11M	$-7M	$-9M	$-9M	$-8M	$-8M	·	$-22M	$-23M	$-23M
Stockholders' Equity	$1.70B	$1.64B	$1.56B	$1.25B	$1.21B	$1.18B	$1.18B	$1.21B	$1.19B	$1.17B	$1.16B	$1.12B	$1.10B	$1.07B	$1.04B	$1.04B
Liabilities + Equity	$3.36B	$3.33B	$3.24B	$2.93B	$2.84B	$2.86B	$2.85B	$2.78B	$2.77B	$2.02B	$1.97B	$1.95B	·	$1.67B	$1.65B	$1.60B

Cash Flow 16

Quarterly Cash Flow data for AIR
Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
D&A	$21M	$20M	$17M	$14M	$14M	$13M	$13M	$14M	$15M	$8M	$9M	$8M	$7M	$7M	$6M	$7M
Stock-based Comp	$4M	$4M	$4M	$5M	$4M	$6M	$5M	$5M	$4M	$4M	$4M	$4M	$3M	$4M	$3M	$4M
Deferred Tax	·	·	·	·	$-5M	$-100.0K	·	·	$-16M	$-200.0K	$0	$-5M	$4M	·	·	·
Amort. of Intangibles	·	·	$6M	$34M	$-9M	$4M	$4M	$17M	$-2M	$1M	$1M	$7M	·	·	·	·
Other Non-cash	·	·	·	$-98M	·	·	·	$-56M	·	·	·	$-26M	·	·	·	$-27M
Operating Cash Flow	$55M	$75M	$14M	$-45M	$51M	$-19M	$22M	$-19M	$24M	$20M	$17M	$-19M	$45M	$17M	$-46M	$7M
CapEx	$12M	$8M	$7M	$9M	$10M	$8M	$8M	$8M	$8M	$6M	$7M	$9M	$7M	$10M	$6M	$7M
Investing Cash Flow	$-57M	$-15M	$-213M	$-24M	$28M	$-4M	$-8M	$-5M	$-732M	$-6M	$-9M	$-12M	$-111M	$-9M	$-8M	$-11M
Debt Issued	$0	$0	$0	$153M	·	·	·	·	·	·	·	·	·	·	·	·
Net Debt Issued	·	·	·	$153M	·	·	·	·	·	·	·	·	·	·	·	·
Stock Issued	$0	$0	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Stock Repurchased	·	·	·	·	·	·	·	·	$0	·	·	·	$0	$0	$28M	$22M
Net Stock Activity	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	$-22M
Financing Cash Flow	$9M	$-56M	$204M	$51M	$-71M	$41M	$5M	$-9M	$720M	$-6M	$-23M	$39M	$93M	$-6M	$56M	$-6M
Net Change in Cash	$8M	$4M	$5M	$-18M	$8M	$18M	$19M	$-33M	$12M	$8M	$-15M	$8M	$28M	$3M	$3M	$-10M
Free Cash Flow	·	·	·	$-54M	·	·	·	$-26M	·	·	·	$-28M	·	·	·	$100.0K

Profitability 6

Quarterly Profitability data for AIR
Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Gross Margin	·	18.3%	19.7%	18.1%	·	19.4%	18.7%	17.7%	·	19.4%	19.0%	18.4%	·	18.1%	18.3%	18.4%
Net Margin	·	8.1%	4.3%	4.7%	·	-1.3%	-4.5%	2.7%	·	2.5%	4.4%	-0.11%	·	4.2%	4.8%	5.1%
Pretax Margin	·	11.0%	6.0%	6.3%	·	·	·	·	·	·	·	·	·	·	·	·
EBITDA Margin	·	·	·	1.9%	·	·	·	2.1%	·	·	·	1.5%	·	·	·	1.5%
ROA	·	2.2%	1.1%	1.2%	·	-0.36%	-1.3%	0.76%	·	0.76%	1.3%	-0.03%	·	1.4%	1.4%	1.5%
ROE	·	4.8%	2.5%	2.8%	·	-0.76%	-2.6%	1.5%	·	1.2%	2.2%	-0.06%	·	2.1%	2.2%	2.2%

Liquidity & Solvency 4

Quarterly Liquidity & Solvency data for AIR
Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Current Ratio	·	2.7	2.8	2.9	·	2.8	2.7	3.1	·	2.9	3.1	3.1	·	3.2	3.3	2.9
Quick Ratio	·	0.8	0.8	0.8	·	0.7	0.7	0.8	·	0.8	0.8	0.9	·	0.9	0.8	0.7
Debt / Equity	·	0.5	0.6	0.8	·	0.9	0.8	0.8	·	0.2	0.2	0.3	·	0.2	0.2	0.1
LT Debt / Equity	·	0.5	0.6	0.8	·	0.9	0.8	0.8	·	0.2	0.2	0.3	·	0.2	0.2	0.1

Efficiency 3

Quarterly Efficiency data for AIR
Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Asset Turnover	·	0.3	0.3	0.3	·	0.3	0.3	0.3	·	0.3	0.3	0.3	·	0.3	0.3	0.3
Inventory Turnover	·	0.8	0.8	0.8	·	0.8	0.8	0.8	·	0.7	0.7	0.8	·	·	·	·
Receivables Turnover	·	2.3	2.2	2.2	·	2.4	2.4	2.2	·	2.3	2.3	2.2	·	2.3	2.3	2.2

Per Share 3

Quarterly Per Share data for AIR
Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Revenue / Share	·	$21.39	$20.87	$20.60	·	$19158192.09	$19.49	$18.59	·	$16.12	$15.45	$15.66	·	$15.06	$13.54	$12.61
Cash Flow / Share	·	·	·	$-1.25	·	·	·	$-0.52	·	·	·	$-0.53	·	·	·	$0.19
EPS (TTM)	·	$3.31	$0.73	$0.33	·	$-0.23	$0.69	$1.54	·	$1.66	$1.91	$1.87	·	$2.52	$2.48	$2.16

Valuation (TTM) 4

Quarterly Valuation (TTM) data for AIR
Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Revenue TTM	·	$3.06B	$2.90B	$2.77B	·	$2.59B	$2.46B	$2.32B	·	$2.18B	$2.09B	$1.99B	·	$1.89B	$1.80B	$1.79B
Net Income TTM	·	$128M	$30M	$13M	·	$-8M	$25M	$55M	·	$59M	$68M	$66M	·	$90M	$88M	$78M
P/E	·	35.4	114.0	229.3	·	-282.7	100.8	42.7	·	40.2	36.3	32.9	·	21.6	18.8	19.9
Earnings Yield	·	2.8%	0.88%	0.44%	·	-0.35%	0.99%	2.3%	·	2.5%	2.8%	3.0%	·	4.6%	5.3%	5.0%

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement

	2026-05-31	2025-05-31	2024-05-31	2023-05-31	2022-05-31
Revenue	$3.31B	$2.78B	$2.32B	$1.99B	$1.82B
Gross Margin %	18.8%	19.0%	19.1%	18.6%	17.2%
Net Income	$188M	$12M	$46M	$90M	$79M
Diluted EPS	$4.86	$0.35	$1.29	$2.53	$2.17

Balance Sheet

	2026-05-31	2025-05-31	2024-05-31	2023-05-31	2022-05-31
Debt / Equity	0.5	0.8	0.8	0.2	0.1
Current Ratio	2.8	2.7	3.0	3.1	2.9
Quick Ratio	0.8	0.8	0.8	0.9	0.8

Cash Flow

	2026-05-31	2025-05-31	2024-05-31	2023-05-31	2022-05-31
Free Cash Flow	$62M	$1M	$14M	$-6M	$58M

Latest News Recent headlines mentioning this company

Airbus Notifies Customers Delays On A320neo Delivery Due In 2027-2028: Bloomberg Reports Nasdaq · 2 months, 1 week ago
Factbox-Airlines cancel flights in response to Middle East conflict Yahoo Finance · 3 months, 1 week ago
Airbus reports falling profts as jet deliveries slow CNBC · 3 months, 3 weeks ago
Airbus Shareholders Approve 2026 AGM Resolutions Nasdaq · 4 months ago
KeyBanc Lifts Price Target on AAR Corp. (AIR) to $132, Keeps Overweight Rating Yahoo Finance · 4 months ago

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Institutional owners (13F) 433 filers · $3.9B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter

New positions	Exited positions	Increased	Decreased	Net shares change
76 (-22 vs prior Q)	36 (+4 vs prior Q)	142 (+7 vs prior Q)	129 (+34 vs prior Q)	+5.5M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution	Value	Shares	% of tracked 13F	Type
STATE STREET CORP	$405,061,085	2,834,085	10.39%	Shares
VANGUARD PORTFOLIO MANAGEMENT LLC	$311,928,288	2,182,385	8.00%	Shares
DIMENSIONAL FUND ADVISORS LP	$262,467,933	1,836,339	6.73%	Shares
VANGUARD CAPITAL MANAGEMENT LLC	$245,553,454	1,717,998	6.30%	Shares
EARNEST PARTNERS LLC	$178,953,363	1,252,035	4.59%	Shares
Capital Research Global Investors	$165,808,662	1,160,069	4.25%	Shares
GEODE CAPITAL MANAGEMENT, LLC	$142,160,903	994,439	3.65%	Shares
AMERICAN CENTURY COMPANIES INC	$111,915,958	783,011	2.87%	Shares
WESTWOOD HOLDINGS GROUP INC	$111,120,785	777,449	2.85%	Shares
Broad Bay Capital Management, LP	$107,151,048	749,675	2.75%	Shares
FULLER & THALER ASSET MANAGEMENT, INC.	$106,064,866	742,076	2.72%	Shares
PRINCIPAL FINANCIAL GROUP INC	$90,122,939	630,539	2.31%	Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$76,905,345	538,063	1.97%	Shares
EMERALD ADVISERS, LLC	$74,597,883	521,919	1.91%	Shares
LOOMIS SAYLES & CO L P	$70,060,677	490,175	1.80%	Shares
Ophir Asset Management Pty Ltd	$63,909,434	447,138	1.64%	Shares
FMR LLC	$55,869,908	390,890	1.43%	Shares
FRONTIER CAPITAL MANAGEMENT CO LLC	$50,088,598	350,441	1.28%	Shares
EMERALD MUTUAL FUND ADVISERS TRUST	$48,226,869	337,416	1.24%	Shares
VANGUARD FIDUCIARY TRUST CO	$40,209,211	281,321	1.03%	Shares
MARSICO CAPITAL MANAGEMENT LLC	$36,301,504	253,981	0.93%	Shares
OBERWEIS ASSET MANAGEMENT INC/	$35,207,232	246,325	0.90%	Shares
WELLINGTON MANAGEMENT GROUP LLP	$33,698,606	235,770	0.86%	Shares
Fisher Asset Management, LLC	$32,065,772	224,346	0.82%	Shares
GAMCO INVESTORS, INC. ET AL	$31,852,808	222,856	0.82%	Shares
STANSBERRY ASSET MANAGEMENT, LLC	$31,083,273	217,472	0.80%	Shares
BARROW HANLEY MEWHINNEY & STRAUSS LLC	$29,863,508	208,938	0.77%	Shares
ROYCE & ASSOCIATES LP	$28,473,228	199,211	0.73%	Shares
NOMURA ASSET MANAGEMENT INTERNATIONAL INC.	$27,792,000	194,446	0.71%	Shares
ENVESTNET ASSET MANAGEMENT INC	$26,497,581	185,395	0.68%	Shares
MORGAN STANLEY	$23,776,222	166,348	0.61%	Shares
VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V.	$22,085,258	154,518	0.57%	Shares
VANGUARD GROUP INC	$20,874,339	252,136	0.54%	Shares
Munro Partners	$19,886,851	139,137	0.51%	Shares
Public Sector Pension Investment Board	$19,266,964	134,800	0.49%	Shares
Hodges Capital Management Inc.	$18,981,819	132,805	0.49%	Shares
SEGALL BRYANT & HAMILL, LLC	$18,357,929	128,440	0.47%	Shares
Bank of New York Mellon Corp	$18,255,877	127,726	0.47%	Shares
PANAGORA ASSET MANAGEMENT INC	$16,573,591	115,956	0.43%	Shares
Trexquant Investment LP	$15,817,063	110,663	0.41%	Shares
Tributary Capital Management, LLC	$15,611,386	109,224	0.40%	Shares
AXIOM INVESTORS LLC /DE	$14,635,460	102,396	0.38%	Shares
RHUMBLINE ADVISERS	$14,310,832	100,125	0.37%	Shares
GOLDMAN SACHS GROUP INC	$14,239,830	99,628	0.37%	Shares
Phocas Financial Corp.	$13,785,027	96,446	0.35%	Shares
AMERIPRISE FINANCIAL INC	$12,263,251	85,799	0.31%	Shares
BANK OF AMERICA CORP /DE/	$12,169,632	85,144	0.31%	Shares
MAIRS & POWER INC	$11,996,544	83,933	0.31%	Shares
RENAISSANCE GROUP LLC	$11,928,366	83,456	0.31%	Shares
HENNESSY ADVISORS INC	$11,906,069	83,300	0.31%	Shares
PRUDENTIAL FINANCIAL INC	$11,596,626	81,135	0.30%	Shares
PALISADE CAPITAL MANAGEMENT, LP	$11,503,149	80,481	0.30%	Shares
Swiss National Bank	$11,091,368	77,600	0.28%	Shares
PEREGRINE CAPITAL MANAGEMENT LLC	$10,772,920	75,372	0.28%	Shares
CASTLEARK MANAGEMENT LLC	$10,528,796	73,664	0.27%	Shares
De Lisle Partners LLP	$10,387,939	72,615	0.27%	Shares
NEW YORK STATE COMMON RETIREMENT FUND	$10,358,137	72,470	0.27%	Shares
AQR CAPITAL MANAGEMENT LLC	$10,316,116	72,176	0.26%	Shares
G2 Investment Partners Management LLC	$10,290,960	72,000	0.26%	Shares
WISCONSIN CAPITAL MANAGEMENT LLC	$10,072,134	70,469	0.26%	Shares
ALGERT GLOBAL LLC	$10,050,266	70,316	0.26%	Shares
Jump Financial, LLC	$10,033,686	70,200	0.26%	Shares
GABELLI FUNDS LLC	$9,835,156	68,811	0.25%	Shares
MILLENNIUM MANAGEMENT LLC	$8,978,577	62,818	0.23%	Shares
TWO SIGMA INVESTMENTS, LP	$8,724,161	61,038	0.22%	Shares
Legal & General Group Plc	$8,602,671	60,188	0.22%	Shares
FIRST TRUST ADVISORS LP	$8,590,807	60,105	0.22%	Shares
Nuveen, LLC	$8,493,758	59,426	0.22%	Shares
PDT Partners, LLC	$8,441,446	59,060	0.22%	Shares
BNP PARIBAS FINANCIAL MARKETS	$8,111,849	56,754	0.21%	Shares
Stanley-Laman Group, Ltd.	$8,053,534	56,346	0.21%	Shares
KINGDON CAPITAL MANAGEMENT, L.L.C.	$7,503,825	52,500	0.19%	Shares
MARTINGALE ASSET MANAGEMENT L P	$6,997,139	48,955	0.18%	Shares
BLAIR WILLIAM & CO/IL	$6,191,871	43,321	0.16%	Shares
Quantinno Capital Management LP	$6,072,238	42,484	0.16%	Shares
SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC	$5,913,157	41,371	0.15%	Shares
LPL Financial LLC	$5,682,754	39,759	0.15%	Shares
ALLIANCEBERNSTEIN L.P.	$5,551,921	50,721	0.14%	Shares
Corient Private Wealth LP	$5,408,046	37,837	0.14%	Shares
MARSHALL WACE, LLP	$5,363,591	37,526	0.14%	Shares
NEUBERGER BERMAN GROUP LLC	$5,225,092	36,557	0.13%	Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	$5,147,357	47,025	0.13%	Shares
BlackRock, Inc.	$5,003,265	35,005	0.13%	Shares
FIFTH THIRD BANCORP	$4,983,577	34,867	0.13%	Shares
Focus Partners Wealth	$4,892,352	34,229	0.13%	Shares
Pembroke Management, LTD	$4,714,403	32,984	0.12%	Shares
Summit Creek Advisors LLC	$4,566,471	31,949	0.12%	Shares
VANGUARD ASSET MANAGEMENT, Ltd	$4,538,456	31,753	0.12%	Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$4,287,900	30,000	0.11%	Call option
INTECH INVESTMENT MANAGEMENT LLC	$4,159,405	29,101	0.11%	Shares
CITIGROUP INC	$4,043,204	28,288	0.10%	Shares
BOOTHBAY FUND MANAGEMENT, LLC	$3,932,719	27,515	0.10%	Shares
Prescott Group Capital Management, L.L.C.	$3,859,110	27,000	0.10%	Shares
First Dallas Securities Inc.	$3,759,774	26,305	0.10%	Shares
JANE STREET GROUP, LLC	$3,716,180	26,000	0.10%	Call option
Oliver Luxxe Assets LLC	$3,480,203	24,349	0.09%	Shares
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	$3,393,587	23,743	0.09%	Shares
POLEN CAPITAL MANAGEMENT LLC	$3,367,574	23,561	0.09%	Shares
MetLife Investment Management, LLC	$3,326,982	23,277	0.09%	Shares
JONES FINANCIAL COMPANIES LLLP	$3,114,011	21,755	0.08%	Shares

Company insiders 45 insiders · 19 officers · 26 directors

Insider	Role	Last activity	Shares owned	Sells 12m	Net 12m
John Mcclain Holmes III	Chairman, President & CEO	July 31, 2026 F	441,362	10	$-21,374,297
Dylan Zachary Wolin	Senior VP & CFO	July 23, 2026 A	17,235	0	$0
Sarah Louise Flanagan	Interim CFO VP Fin Ops	Feb. 4, 2026 M	32,848	1	$-1,167,020
Sean M. Gillen	Senior VP-CFO	July 31, 2025 F	87,681	0	$0
ROMENESKO TIMOTHY J	Vice Chairman; CFO	July 31, 2017 F	273,667	0	$0
John C. Fortson	VP, CFO & Treasurer	Aug. 7, 2015 A	42,272	0	$0
Richard J. Poulton	Vice President-CFO & Treasurer	Oct. 26, 2012 D	0	0	$0
Jessica A. Garascia	Senior VP, GC, CAO & Secretary	July 31, 2026 F	36,352	4	$-1,161,028
Christopher A. Jessup	Senior Vice President-CCO	July 31, 2026 F	78,045	4	$-2,292,403
Eric Pachapa	VP-CAO & Controller	July 31, 2026 F	25,187	2	$-527,899
Tracey Patterson	Sr. VP & Chief HR Officer	July 22, 2024 A	14,135	0	$0
Robert J Regan	VP, GC & Secretary	July 31, 2019 F	112,452	0	$0
Michael J Sharp	VP-Finance	July 25, 2016 D	34,381	0	$0
Dany Kleiman	Aviation Services Group VP	June 24, 2015 F	14,533	0	$0
Randy J Martinez	Aviation Services Group VP	June 1, 2015 F	25,813	0	$0
Terry Dean Stinson	Technology Products Group VP	June 3, 2013 F	51,438	0	$0
Donald J. Wetekam	Group Vice President	April 23, 2010 A	7,500	0	$0
James John Clark	Group Vice President	April 23, 2010 A	142,569	0	$0
PULSIFER HOWARD A	VP & Secretary	Dec. 21, 2007 M	83,573	0	$0
Hema Widhani	Director	June 1, 2026 A	—	0	$0
Billy Nolen	Director	June 1, 2026 A	0	1	$-173,382
Ellen M. Lord	Director	June 1, 2026 A	14,396	0	$0
Duncan J. Mcnabb	Director	June 1, 2026 A	5,625	0	$0
Peter Pace	Director	June 1, 2026 A	25,485	0	$0
Michael Ross Boyce	Director	June 1, 2026 A	100,904	0	$0
Jeffrey N Edwards	Director	June 1, 2026 A	5,955	0	$0
Jennifer L Vogel	Director	June 1, 2026 A	24,334	0	$0
John W Dietrich	Director	June 1, 2026 A	8,426	0	$0
Marc Jay Walfish	Director	June 1, 2026 A	133,104	0	$0
Robert F Leduc	Director	June 1, 2026 A	18,689	0	$0
Anthony Anderson	Director	June 1, 2024 A	14,661	0	$0
John H Gilbertson Jr	Director	Oct. 27, 2022 D	0	0	$0
STORCH DAVID P	Director	Oct. 13, 2022 S	295,090	0	$0
James E Goodwin	Director	June 1, 2022 A	77,872	0	$0
Patrick J Kelly	Director	June 1, 2020 A	63,181	0	$0
Ronald B Woodard	Director	June 1, 2020 A	22,380	0	$0
Norman Bobins	Director	June 3, 2019 A	57,225	0	$0
Ronald R Fogleman	Director	Dec. 29, 2016 S	23,406	0	$0
James G Brocksmith JR	Director	June 1, 2012 A	28,073	0	$0
Gerald F Fitzgerald JR	Director	Oct. 13, 2010 D	30,499	0	$0
EICHNER IRA A	Director	March 22, 2005 A	45,792	0	$0
SPUNGIN JOEL D	Director	July 27, 2004 A	—	0	$0
ABBOUD A ROBERT	Director	July 27, 2004 A	—	0	$0
Michael D Milligan	—	July 9, 2018 A	14,890	0	$0
James M Mcdonald	—	July 16, 2007 S	43,571	0	$0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 1 position

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer	Filed	Stake	Status	Purpose	Filing
AAR CORP. ×4 filings	April 26, 2010	—	Initial filing	—	SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 100 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund	Weight	Units	As of	Source
EWQ · iShares, Inc.	6.47%	87,762 SH	Aug. 8, 2026	Daily
MTRA · Invesco Actively Managed Exchange-T…	2.58%	14,954 SH	Aug. 8, 2026	Daily
EZU · iShares, Inc.	1.84%	737,343 SH	Aug. 8, 2026	Daily
PSCI · Invesco Exchange-Traded Fund Trust …	1.67%	22,916 SH	Aug. 8, 2026	Daily
XSMO · Invesco Exchange-Traded Fund Trust	1.54%	333,659 SH	Aug. 8, 2026	Daily
EXI · iShares Trust	1.46%	87,106 SH	Aug. 8, 2026	Daily
EFG · iShares Trust	1.31%	913,647 SH	Aug. 8, 2026	Daily
IQLT · iShares Trust	1.21%	695,289 SH	Aug. 8, 2026	Daily
ENZL · iShares Trust	1.18%	3,894,569 SH	Aug. 8, 2026	Daily
RZG · Invesco Exchange-Traded Fund Trust	1.11%	10,815 SH	Aug. 8, 2026	Daily
IEV · iShares Trust	1.05%	72,245 SH	Aug. 8, 2026	Daily
IEUR · iShares Trust	0.90%	333,278 SH	Aug. 8, 2026	Daily
VGK · VANGUARD INTERNATIONAL EQUITY INDEX…	0.82%	1,405,186 SH	Aug. 8, 2026	Daily
EFA · iShares Trust	0.65%	2,101,977 SH	Aug. 8, 2026	Daily
IJT · iShares Trust	0.64%	364,183 SH	Aug. 8, 2026	Daily
VIOG · VANGUARD ADMIRAL FUNDS	0.61%	46,692 SH	Aug. 8, 2026	Daily
IEFA · iShares Trust	0.56%	10,272,260 SH	Aug. 8, 2026	Daily
PPA · Invesco Exchange-Traded Fund Trust	0.49%	300,013 SH	Aug. 8, 2026	Daily
IDEV · iShares Trust	0.49%	642,046 SH	Aug. 8, 2026	Daily
VEA · VANGUARD TAX-MANAGED FUNDS	0.40%	20,011,478 SH	Aug. 8, 2026	Daily
ITA · iShares Trust	0.39%	401,657 SH	Aug. 8, 2026	Daily
ACWX · iShares Trust	0.39%	186,246 SH	Aug. 8, 2026	Daily
SAWS · ETF Series Solutions	0.38%	243 NS	April 30, 2026	N-PORT
ESGD · iShares Trust	0.38%	186,508 SH	Aug. 8, 2026	Daily
IWO · iShares Trust	0.36%	363,501 SH	Aug. 8, 2026	Daily
XJR · iShares Trust	0.36%	4,636 SH	Aug. 8, 2026	Daily
VTWG · VANGUARD SCOTTSDALE FUNDS	0.34%	42,767 SH	Aug. 8, 2026	Daily
IXUS · iShares Trust	0.34%	2,422,506 SH	Aug. 8, 2026	Daily
QVMS · Invesco Exchange-Traded Fund Trust …	0.33%	5,992 SH	Aug. 8, 2026	Daily
VEU · VANGUARD INTERNATIONAL EQUITY INDEX…	0.32%	1,367,953 SH	Aug. 8, 2026	Daily
IJR · iShares Trust	0.31%	2,392,289 SH	Aug. 8, 2026	Daily
VIOO · VANGUARD ADMIRAL FUNDS	0.30%	137,151 SH	Aug. 8, 2026	Daily
VXUS · VANGUARD STAR FUNDS	0.29%	30,460,565 SH	Aug. 8, 2026	Daily
AVSC · AMERICAN CENTURY ETF TRUST	0.29%	71,002 NS	May 31, 2026	N-PORT
SMDX · Tidal Trust III	0.28%	3,217 NS	April 30, 2026	N-PORT
DFEN · Direxion Shares ETF Trust	0.26%	8,506 NS	April 30, 2026	N-PORT
IMFL · Invesco Exchange-Traded Self-Indexe…	0.24%	10,491 SH	Aug. 8, 2026	Daily
PRFZ · Invesco Exchange-Traded Fund Trust	0.24%	47,776 SH	Aug. 8, 2026	Daily
RWJ · Invesco Exchange-Traded Fund Trust …	0.24%	34,538 SH	Aug. 8, 2026	Daily
BBSC · J.P. Morgan Exchange-Traded Fund Tr…	0.22%	14,281 NS	April 30, 2026	N-PORT
SAA · ProShares Trust	0.19%	467 NS	May 31, 2026	N-PORT
BKSE · BNY Mellon ETF Trust	0.19%	1,398 NS	April 30, 2026	N-PORT
IWM · iShares Trust	0.18%	1,012,533 SH	Aug. 8, 2026	Daily
PXF · Invesco Exchange-Traded Fund Trust …	0.18%	21,899 SH	Aug. 8, 2026	Daily
VTWO · VANGUARD SCOTTSDALE FUNDS	0.17%	230,203 SH	Aug. 8, 2026	Daily
DFAT · Dimensional ETF Trust	0.17%	209,605 NS	April 30, 2026	N-PORT
TOK · iShares Trust	0.17%	1,741 SH	Aug. 8, 2026	Daily
URTH · iShares, Inc.	0.16%	53,295 SH	Aug. 8, 2026	Daily
FNK · First Trust Exchange-Traded AlphaDE…	0.14%	2,773 NS	April 30, 2026	N-PORT
ACWI · iShares Trust	0.14%	187,271 SH	Aug. 8, 2026	Daily
OMFS · Invesco Exchange-Traded Self-Indexe…	0.14%	2,777 SH	Aug. 8, 2026	Daily
FNX · First Trust Exchange-Traded AlphaDE…	0.14%	16,583 NS	April 30, 2026	N-PORT
EBIT · Harbor ETF Trust	0.13%	139 NS	April 30, 2026	N-PORT
DFSV · Dimensional ETF Trust	0.13%	85,634 NS	April 30, 2026	N-PORT
FNDA · SCHWAB STRATEGIC TRUST	0.13%	99,110 NS	May 31, 2026	N-PORT
ITWO · ProShares Trust	0.11%	1,842 NS	May 31, 2026	N-PORT
VBR · VANGUARD INDEX FUNDS	0.11%	549,993 SH	Aug. 8, 2026	Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX…	0.11%	2,158,590 SH	Aug. 8, 2026	Daily
FSMD · FIDELITY COVINGTON TRUST	0.11%	23,583 NS	April 30, 2026	N-PORT
DFAS · Dimensional ETF Trust	0.10%	127,070 NS	April 30, 2026	N-PORT
ISCG · iShares Trust	0.10%	6,744 SH	Aug. 8, 2026	Daily
GSSC · Goldman Sachs ETF Trust	0.09%	8,224 NS	May 31, 2026	N-PORT
ESML · iShares Trust	0.09%	18,490 SH	Aug. 8, 2026	Daily
SCHA · SCHWAB STRATEGIC TRUST	0.09%	187,508 NS	May 31, 2026	N-PORT
ISCB · iShares Trust	0.09%	1,731 SH	Aug. 8, 2026	Daily
INTF · iShares Trust	0.08%	12,826 SH	Aug. 8, 2026	Daily
ISCV · iShares Trust	0.08%	3,892 SH	Aug. 8, 2026	Daily
VIS · VANGUARD WORLD FUND	0.07%	47,142 SH	Aug. 8, 2026	Daily
UWM · ProShares Trust	0.07%	1,441 NS	May 31, 2026	N-PORT
FIDU · FIDELITY COVINGTON TRUST	0.06%	11,730 NS	April 30, 2026	N-PORT
VXF · VANGUARD INDEX FUNDS	0.06%	449,802 SH	Aug. 8, 2026	Daily
VB · VANGUARD INDEX FUNDS	0.06%	866,458 SH	Aug. 8, 2026	Daily
WSML · iShares Trust	0.05%	120,568 SH	Aug. 8, 2026	Daily
DXUV · Dimensional ETF Trust	0.05%	1,824 NS	April 30, 2026	N-PORT
VFMO · VANGUARD WELLINGTON FUND	0.05%	6,864 SH	Aug. 8, 2026	Daily
URTY · ProShares Trust	0.05%	1,458 NS	May 31, 2026	N-PORT
FAB · First Trust Exchange-Traded AlphaDE…	0.04%	535 NS	April 30, 2026	N-PORT
DFUV · Dimensional ETF Trust	0.02%	32,308 NS	April 30, 2026	N-PORT
MSSM · MORGAN STANLEY PATHWAY FUNDS	0.02%	1,635 NS	May 31, 2026	N-PORT
DFSU · Dimensional ETF Trust	0.02%	3,821 NS	April 30, 2026	N-PORT
DFAC · Dimensional ETF Trust	0.02%	78,115 NS	April 30, 2026	N-PORT
HDG · ProShares Trust	0.02%	37 NS	May 31, 2026	N-PORT
DCOR · Dimensional ETF Trust	0.02%	4,031 NS	April 30, 2026	N-PORT
TILT · FlexShares Trust	0.01%	2,283 NS	April 30, 2026	N-PORT
SCZ · iShares Trust	0.01%	5,788,335 SH	Aug. 8, 2026	Daily
VTI · VANGUARD INDEX FUNDS	0.01%	1,198,305 SH	Aug. 8, 2026	Daily
VSS · VANGUARD INTERNATIONAL EQUITY INDEX…	0.01%	5,626,896 SH	Aug. 8, 2026	Daily
VTHR · VANGUARD SCOTTSDALE FUNDS	0.01%	3,288 SH	Aug. 8, 2026	Daily
FNDB · SCHWAB STRATEGIC TRUST	0.01%	1,031 NS	May 31, 2026	N-PORT
DFAU · Dimensional ETF Trust	0.01%	9,021 NS	April 30, 2026	N-PORT
IWV · iShares Trust	0.01%	10,915 SH	Aug. 8, 2026	Daily
ITOT · iShares Trust	0.01%	51,310 SH	Aug. 8, 2026	Daily
DFUS · Dimensional ETF Trust	0.01%	12,672 NS	April 30, 2026	N-PORT
EBI · RBB Fund Trust	0.01%	382 NS	May 31, 2026	N-PORT
SCHB · SCHWAB STRATEGIC TRUST	0.01%	22,157 NS	May 31, 2026	N-PORT
PDN · Invesco Exchange-Traded Fund Trust …	0.01%	74,931 SH	Aug. 8, 2026	Daily
AVUS · AMERICAN CENTURY ETF TRUST	0.00%	5,233 NS	May 31, 2026	N-PORT
IPAC · iShares Trust	0.00%	469,646 SH	Aug. 8, 2026	Daily
VPL · VANGUARD INTERNATIONAL EQUITY INDEX…	0.00%	1,917,991 SH	Aug. 8, 2026	Daily
VSGX · VANGUARD WORLD FUND	0.00%	365,282 SH	Aug. 8, 2026	Daily

About AAR Corp. Common Stock Company overview from Wikipedia

History

Lobbying and corruption

Financial trends

AIR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

AIR Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

Moving averages & overlays

Volume

Oscillators

Momentum & trend

10-Year Performance Revenue, net income, margins and EPS trends

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Financial Health Debt, liquidity, solvency — balance sheet strength

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Dividends Yield, payout ratio, dividend history, 5Y CAGR

AIR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

12-Month Price Target

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Latest News Recent headlines mentioning this company

My Metrics Your personal watchlist — selected rows from Full Fundamentals

Institutional owners (13F) 433 filers · $3.9B total · As of June 30, 2026

Company insiders 45 insiders · 19 officers · 26 directors

Activists & 5%+ owners 1 position

ETF ownership Held by 100 ETFs