AIR AAR Corp. Common Stock

NYSE · Aerospace & Defense · View on SEC EDGAR ↗

$103.09

Price · May 20, 2026

Fundamentals as of Mar 25, 2026

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

Price

$103.09

Market Cap

—

P/E (TTM)

175.5

EPS (TTM)

$0.35

Revenue (TTM)

$2.78B

Div Yield

—

ROE

1.0%

Debt/Equity

0.8

52W Range

$59 – $127

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 $2.78B

2016-05-31 → 2025-05-31

EPS $0.35

2016-05-31 → 2025-05-31

Free Cash Flow $1M

2016-05-31 → 2025-05-31

Margins 0.45%

2016-05-31 → 2025-05-31

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)

175.5

82.4

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

Metric

5Y trend

AIR

Peer Median

Gross Margin

19.0%

29.5%

Net Profit Margin

0.45%

2.2%

ROA

0.45%

2.2%

ROE

1.0%

3.5%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric

5Y trend

AIR

Peer Median

Debt / Equity

0.8

38.2

Current Ratio

2.7

3.2

Quick Ratio

0.8

—

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

Metric

5Y trend

AIR

Peer Median

Revenue YoY

19.9%

—

Revenue CAGR 3Y

15.2%

—

Revenue CAGR 5Y

6.1%

—

EPS YoY

-72.9%

—

Net Income YoY

-73.0%

—

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

Metric

5Y trend

AIR

Peer Median

EPS (Diluted)

$0.35

—

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 7 58.3%
Hold 2 16.7%
Sell 0 0.0%
Strong Sell 0 0.0%

12-Month Price Target

6 analysts · 2026-05-17

Median $128.00

Mean $131.67

← Below all targets $103.09

Low $125.00

High $150.00

Median target $128.00 +24.2%

Mean target $131.67 +27.7%

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

Avg Surprise

0.11%

Period	EPS Actual	EPS Est	Surprise
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 Key metrics vs sector peers

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
AIR	—	175.5	19.9%	0.45%	1.0%	19.0%
MRCY	$3.15B	-82.2	9.2%	-4.2%	-2.6%	27.9%
LOAR	$6.37B	90.7	23.2%	14.5%	6.4%	52.7%
VSEC	—	—	—	—	—	—
ACHR	$5.60B	-7.6	—	-206066.7%	-31.8%	—
BETA	—	-2.2	136.0%	-2094.2%	-70.7%	72.2%
YSS	—	—	—	—	—	—
ATRO	—	67.0	8.4%	3.4%	14.8%	29.9%
AVEX	—	—	—	—	—	—
RDW	$1.46B	-3.3	10.3%	-67.5%	-52.0%	5.1%

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

Income Statement 16

Annual Income Statement data for AIR
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$2.78B	$2.32B	$1.99B	$1.82B	$1.65B	$2.07B	$2.05B	$1.75B	$1.59B	$1.53B	$1.62B	$1.71B
Cost of Revenue	$2.25B	$1.88B	$1.62B	$1.51B	·	·	$1.72B	$840M	$788M	$785M	$891M	$794M
Gross Profit	$528M	$442M	$370M	$313M	$276M	$269M	$330M	$294M	$263M	$233M	$131M	$289M
SG&A Expense	$348M	$312M	$230M	$202M	$182M	$221M	$215M	$208M	$179M	$158M	$172M	$166M
Operating Expenses	·	·	$1.85B	$1.71B	$1.57B	$2.03B	$1.95B	$1.66B	$1.51B	$1.45B	$1.66B	$1.59B
Interest Expense	·	$43M	$12M	$2M	$5M	$9M	$10M	$8M	$5M	$6M	$27M	$28M
Interest Income	$2M	$2M	$1M	$100.0K	$200.0K	$500.0K	$1M	$100.0K	$100.0K	$200.0K	$300.0K	$2M
Other Non-op	$-300.0K	$-400.0K	$-800.0K	$2M	$4M	$-2M	$-800.0K	$-900.0K	·	·	·	·
Pretax Income	$39M	$58M	$121M	·	·	·	·	·	·	·	·	·
Income Tax	$26M	$12M	$31M	$27M	$18M	$6M	$5M	$4M	$25M	$23M	$-39M	$32M
Net Income	$12M	$46M	$90M	$79M	$36M	$4M	$8M	$16M	$56M	$48M	$10M	$73M
EPS (Basic)	$0.35	$1.30	$2.56	$2.20	$1.01	$0.12	$0.20	$0.44	$1.66	$1.37	$0.26	$1.85
EPS (Diluted)	$0.35	$1.29	$2.53	$2.17	$1.00	$0.13	$0.21	$0.41	$1.64	$1.37	$0.24	$1.83
Shares (Basic)	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	38,600,000
Shares (Diluted)	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	39,100,000
EBITDA	$55M	$41M	$28M	$33M	$36M	$44M	$43M	$40M	$53M	$50M	$69M	$80M

Balance Sheet 27

Annual Balance Sheet data for AIR
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Equivalents	$96M	$86M	$68M	$54M	$52M	$405M	$21M	$31M	$10M	$31M	$55M	$89M
Receivables	$355M	$287M	$241M	$214M	$167M	$172M	$198M	$202M	$234M	$248M	$229M	$283M
Inventory	$809M	$733M	$574M	$550M	$541M	$623M	$524M	$461M	$433M	$452M	$456M	$495M
Prepaid Expense	$97M	$59M	·	·	$28M	$77M	·	·	·	$32M	·	·
Other Current Assets	·	·	·	$40M	$28M	$77M	$36M	$26M	$19M	$32M	$28M	$82M
Current Assets	$1.51B	$1.39B	$1.10B	$1.01B	$937M	$1.44B	$952M	$943M	$888M	$882M	$896M	$1.11B
PP&E (Net)	$158M	$172M	$126M	$110M	$120M	$136M	$133M	$133M	$117M	$238M	$215M	$315M
PP&E (Gross)	$437M	$452M	$395M	$368M	$380M	$382M	$365M	$348M	$325M	$676M	$613M	$739M
Accum. Depreciation	$279M	$280M	$269M	$258M	$260M	$246M	$232M	$214M	$208M	$438M	$398M	$424M
Goodwill	$531M	$555M	$176M	$116M	$119M	$116M	$116M	$119M	$106M	$108M	$124M	$262M
Intangibles	$220M	$235M	$64M	$3M	$4M	$6M	$22M	$28M	$31M	$36M	$37M	$165M
Other Non-current Assets	$159M	$156M	$128M	$98M	$99M	$82M	$78M	$119M	$105M	$102M	$83M	$100M
Total Assets	$2.84B	$2.77B	$1.83B	$1.57B	$1.54B	$2.08B	$1.52B	$1.52B	$1.50B	$1.46B	$1.45B	$2.16B
Accounts Payable	$303M	$238M	$158M	$156M	$127M	$192M	$188M	$170M	$164M	$166M	$142M	$171M
Accrued Liabilities	$252M	$219M	$180M	$175M	$174M	$162M	$140M	$138M	$140M	$163M	$201M	$161M
Current Liabilities	$555M	$467M	$352M	$348M	$337M	$383M	$358M	$333M	$335M	$341M	$412M	$402M
Capital Leases	$80M	$80M	$48M	$57M	$60M	$71M	·	·	·	·	·	·
Deferred Tax	$18M	$24M	$34M	$20M	$10M	·	·	$16M	$37M	$34M	$46M	$157M
Other Non-current Liabilities	$12M	·	·	·	·	·	·	·	·	·	·	·
Long-term Debt	·	·	·	·	·	·	·	·	$154M	$148M	$151M	$634M
Total Debt	$968M	$985M	$270M	$99M	$134M	$600M	$142M	$177M	$157M	$148M	$154M	$634M
Common Stock	$45M	$45M	$45M	$45M	$45M	$45M	$45M	$45M	$45M	$45M	$45M	$45M
Retained Earnings	$969M	$957M	$911M	$820M	$742M	$706M	$710M	$733M	$728M	$682M	$644M	$646M
Treasury Stock	$303M	$298M	$318M	$289M	$274M	$283M	$288M	$281M	$280M	$268M	$246M	$98M
AOCI	$-6M	$-9M	$-24M	$-20M	$-18M	$-45M	$-41M	$-32M	$-40M	$-44M	$-40M	$-29M
Stockholders' Equity	$1.21B	$1.19B	$1.10B	$1.03B	$974M	$903M	$906M	$936M	$914M	$866M	$845M	$1.00B
Liabilities + Equity	$2.84B	$2.77B	$1.83B	$1.57B	$1.54B	$2.08B	$1.52B	$1.52B	$1.50B	$1.46B	$1.45B	$2.19B

Cash Flow 17

Annual Cash Flow data for AIR
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
D&A	$55M	$40M	$27M	$33M	$36M	$44M	$43M	$40M	$36M	$33M	$58M	$65M
Stock-based Comp	$20M	$15M	$14M	$8M	$9M	$7M	$14M	$15M	$11M	$6M	$7M	$9M
Deferred Tax	$-6M	$-20M	$-2M	$9M	$8M	$500.0K	$-5M	$-13M	$12M	$6M	$-53M	$19M
Amort. of Intangibles	$30M	$7M	$1M	$1M	$2M	$2M	$4M	$5M	$4M	$4M	$5M	$5M
Restructuring	·	·	·	·	·	$5M	·	·	·	·	·	·
Other Non-cash	$-46M	$-39M	$-106M	$-54M	$16M	$-92M	$9M	$6M	$-99M	$-77M	$-78M	$-32M
Operating Cash Flow	$36M	$44M	$23M	$75M	$105M	$-36M	$67M	$64M	$22M	$32M	$-43M	$140M
CapEx	$35M	$30M	$30M	$17M	$11M	$24M	$17M	$22M	$25M	$40M	$42M	$21M
Investing Cash Flow	$11M	$-758M	$-138M	$-16M	$-500.0K	$-25M	$-19M	$-43M	$-30M	$-17M	$689M	$-41M
Debt Issued	·	$550M	·	·	·	·	·	$25M	·	·	·	·
Net Debt Issued	·	$550M	·	$-25M	·	·	$-25M	$25M	$-10M	·	·	·
Stock Repurchased	$10M	$5M	$50M	$42M	·	$4M	$10M	$13M	$20M	$19M	$152M	$1M
Net Stock Activity	$-10M	$-5M	$-50M	$-42M	·	$-4M	$-10M	$-13M	$-20M	$-19M	$-152M	$-1M
Dividends Paid	·	·	·	·	$100.0K	$11M	$10M	$10M	$10M	$10M	$12M	$12M
Financing Cash Flow	$-34M	$729M	$138M	$-60M	$-470M	$444M	$-49M	$10M	$-12M	$-38M	$-678M	$-86M
Net Change in Cash	$13M	$14M	$23M	$-1M	$-364M	$384M	$-500.0K	$31M	$-21M	$-24M	$-34M	$14M
Free Cash Flow	$1M	$14M	$-6M	$58M	$94M	$-60M	$50M	$42M	$-12M	$-56M	$-89M	$113M

Profitability 6

Annual Profitability data for AIR
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Gross Margin	19.0%	19.1%	18.6%	17.2%	16.7%	13.0%	16.1%	16.9%	15.6%	14.2%	10.0%	16.7%
Net Margin	0.45%	2.0%	4.5%	4.3%	2.2%	0.21%	0.37%	0.89%	3.2%	2.9%	0.64%	3.6%
Pretax Margin	1.4%	·	·	·	·	·	·	·	·	·	·	·
EBITDA Margin	2.0%	1.8%	1.4%	1.8%	2.2%	2.1%	2.1%	2.3%	3.0%	3.0%	4.3%	4.0%
ROA	0.45%	2.0%	5.3%	5.1%	2.0%	0.24%	0.49%	1.0%	3.8%	3.3%	0.56%	3.4%
ROE	1.0%	3.9%	8.3%	7.7%	3.8%	0.48%	0.83%	1.7%	6.3%	5.6%	1.1%	7.6%

Liquidity & Solvency 4

Annual Liquidity & Solvency data for AIR
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Current Ratio	2.7	3.0	3.1	2.9	2.8	3.8	2.7	2.8	2.7	2.7	2.3	2.8
Quick Ratio	0.8	0.8	0.9	0.8	0.6	1.5	0.6	0.7	0.8	0.8	0.7	0.9
Debt / Equity	0.8	0.8	0.2	0.1	0.1	0.7	0.2	0.2	0.2	0.2	0.2	0.6
LT Debt / Equity	0.8	0.8	0.2	0.1	0.1	0.7	0.2	0.2	0.2	0.2	0.1	0.6

Efficiency 3

Annual Efficiency data for AIR
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Asset Turnover	1.0	1.0	1.2	1.2	0.9	1.2	1.3	1.2	1.2	1.1	0.9	0.9
Inventory Turnover	2.9	2.9	·	·	·	·	3.6	1.9	1.7	1.7	1.8	2.3
Receivables Turnover	8.7	8.8	8.7	9.6	9.8	11.2	11.1	8.0	7.1	7.0	6.2	7.0

Per Share 4

Annual Per Share data for AIR
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue / Share	$77.67	$65.51	$56.71	$50.56	$46.81	$59.20	$58.79	$50.53	$51.53	$48.05	$40.46	$52.05
Cash Flow / Share	$1.01	$1.23	$0.66	$2.09	$2.98	$-1.03	$1.93	$1.86	$0.64	$0.93	$-1.09	$3.58
Dividend / Share	·	·	·	·	·	·	$0	$0	$0	·	·	$0
EPS (TTM)	$0.35	$1.29	$2.53	$2.17	$1.00	$0.13	$0.21	$0.41	$1.64	$1.37	$0.24	$1.83

Growth Rates 9

Annual Growth Rates data for AIR
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue YoY	19.9%	16.5%	9.4%	10.2%	-20.3%	·	·	·	·	·	·	·
Revenue CAGR 3Y	15.2%	12.0%	-1.3%	·	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	6.1%	·	·	·	·	·	·	·	·	·	·	·
EPS YoY	-72.9%	-49.0%	16.6%	117.0%	669.2%	·	·	·	·	·	·	·
EPS CAGR 3Y	-45.6%	8.9%	169.0%	·	·	·	·	·	·	·	·	·
EPS CAGR 5Y	21.9%	·	·	·	·	·	·	·	·	·	·	·
Net Income YoY	-73.0%	-48.7%	14.6%	119.8%	713.6%	·	·	·	·	·	·	·
Net Income CAGR 3Y	-45.8%	8.9%	173.7%	·	·	·	·	·	·	·	·	·
Net Income CAGR 5Y	23.2%	·	·	·	·	·	·	·	·	·	·	·

Valuation (TTM) 6

Annual Valuation (TTM) data for AIR
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue TTM	$2.78B	$2.32B	$1.99B	$1.82B	$1.65B	$2.07B	$2.05B	$1.75B	$1.59B	$1.53B	$1.62B	$1.71B
Net Income TTM	$12M	$46M	$90M	$79M	$36M	$4M	$8M	$16M	$56M	$48M	$10M	$73M
P/E	175.5	55.0	19.8	22.2	41.8	155.2	143.3	109.0	21.3	17.8	123.1	13.3
Earnings Yield	0.57%	1.8%	5.1%	4.5%	2.4%	0.64%	0.70%	0.92%	4.7%	5.6%	0.81%	7.5%
Payout Ratio	·	·	·	·	0.28%	243.2%	140.0%	66.0%	18.1%	21.8%	122.5%	16.2%
Annual Payout	·	·	·	·	$100.0K	$11M	$10M	$10M	$10M	$10M	$12M	$12M

Income Statement 16

Quarterly Income Statement data for AIR
Metric	Q3 2026	Q2 2025	Q1 2025	Q4 2025	Q3 2025	Q2 2024	Q1 2024	Q4 2024	Q3 2024	Q2 2023	Q1 2023	Q4 2023	Q3 2023	Q2 2022	Q1 2022	Q4 2022
Revenue	$845M	$795M	$740M	$754M	$678M	$686M	$662M	$656M	$567M	$545M	$550M	$553M	$521M	$470M	$446M	$476M
Cost of Revenue	$690M	$638M	$606M	$604M	$546M	$558M	$544M	$529M	$457M	$442M	$448M	$445M	$427M	$384M	$364M	·
Gross Profit	$155M	$157M	$134M	$150M	$132M	$129M	$117M	$127M	$110M	$103M	$101M	$108M	$94M	$86M	$82M	$90M
SG&A Expense	$90M	$89M	$71M	$77M	$61M	$133M	$76M	$95M	$77M	$66M	$75M	$71M	$57M	$53M	$50M	$57M
Operating Expenses	·	·	·	·	·	·	·	·	·	·	·	·	$485M	$437M	$414M	·
Interest Expense	·	·	·	·	·	·	·	·	$12M	$6M	$6M	·	$4M	$2M	$1M	$600.0K
Interest Income	$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	$0
Other Non-op	$-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	$100.0K
Pretax Income	$93M	$48M	$47M	$48M	$-11M	$-22M	$25M	·	·	·	·	·	·	·	·	·
Income Tax	$25M	$14M	$13M	$14M	$-2M	$8M	$7M	$4M	$6M	$8M	$-7M	$7M	$8M	$8M	$8M	$7M
Net Income	$68M	$35M	$34M	$34M	$-9M	$-31M	$18M	$9M	$14M	$24M	$-600.0K	$23M	$22M	$22M	$23M	$24M
EPS (Basic)	$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	$0.64
EPS (Diluted)	$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	$0.64
Shares (Basic)	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	-69,700,000
Shares (Diluted)	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	-71,000,000
EBITDA	·	·	$14M	·	·	·	$14M	·	·	·	$8M	·	·	·	$7M	·

Balance Sheet 26

Quarterly Balance Sheet data for AIR
Metric	Q3 2026	Q2 2025	Q1 2025	Q4 2025	Q3 2025	Q2 2024	Q1 2024	Q4 2024	Q3 2024	Q2 2023	Q1 2023	Q4 2023	Q3 2023	Q2 2022	Q1 2022	Q4 2022
Cash & Equivalents	$78M	$76M	$80M	$96M	$84M	$62M	$49M	$86M	$69M	$65M	$70M	·	$53M	$49M	$44M	·
Receivables	$426M	$402M	$364M	$355M	$312M	$320M	$311M	$287M	$257M	$246M	$281M	·	$238M	$225M	$221M	·
Inventory	$958M	$911M	$862M	$809M	$776M	$790M	$748M	$733M	$672M	$646M	$614M	·	$571M	$595M	$576M	·
Prepaid Expense	$137M	$129M	$104M	$53M	$75M	$81M	$77M	$59M	·	·	·	·	·	·	·	·
Other Current Assets	·	·	·	·	·	·	·	·	·	·	·	·	$48M	$39M	·	·
Current Assets	$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)	$163M	$217M	$162M	$158M	$153M	$167M	$162M	$172M	$134M	$133M	$131M	·	$120M	$114M	$111M	·
PP&E (Gross)	·	·	·	$437M	·	·	·	$452M	·	·	·	·	·	·	·	·
Accum. Depreciation	$275M	$255M	$285M	$279M	$271M	$290M	$286M	$280M	$278M	$277M	$273M	·	$261M	$257M	$260M	·
Goodwill	$552M	$552M	$543M	$531M	$528M	$543M	$553M	$555M	$179M	$176M	$177M	$176M	·	·	·	·
Intangibles	$289M	$296M	$226M	$220M	$224M	$227M	$231M	$235M	$60M	$62M	$63M	·	·	·	·	·
Other Non-current Assets	$184M	$171M	$168M	$159M	$156M	$149M	$147M	$156M	$140M	$133M	$132M	·	$127M	$117M	$97M	·
Total Assets	$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	$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	$653M	$594M	$538M	$555M	$545M	$558M	$467M	$467M	$428M	$380M	$394M	·	$332M	$324M	$358M	·
Capital Leases	$91M	$92M	$78M	$80M	$68M	$78M	$79M	$80M	$73M	$73M	$52M	·	$52M	$52M	$54M	·
Deferred Tax	$18M	$21M	$22M	$18M	$25M	$24M	$24M	$24M	$37M	$40M	$40M	·	$14M	$20M	$20M	·
Other Non-current Liabilities	$38M	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Total Debt	$888M	$953M	$1.02B	·	$1.02B	$987M	$981M	·	$275M	$275M	$305M	·	$186M	$197M	$114M	·
Common Stock	$49M	$49M	$45M	$45M	$45M	$45M	$45M	$45M	$45M	$45M	$45M	·	$45M	$45M	$45M	·
Retained Earnings	$1.11B	$1.04B	$1.00B	$969M	$935M	$944M	$975M	$957M	$948M	$934M	$910M	·	$887M	$866M	$843M	·
Treasury Stock	$292M	$298M	$298M	$303M	$287M	$293M	$293M	$298M	$306M	$301M	$307M	·	$324M	$332M	$306M	·
AOCI	$-5M	$-6M	$-5M	$-6M	$-12M	$-11M	$-7M	$-9M	$-9M	$-8M	$-8M	·	$-22M	$-23M	$-23M	$-20M
Stockholders' Equity	$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	$1.03B
Liabilities + Equity	$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	Q3 2026	Q2 2025	Q1 2025	Q4 2025	Q3 2025	Q2 2024	Q1 2024	Q4 2024	Q3 2024	Q2 2023	Q1 2023	Q4 2023	Q3 2023	Q2 2022	Q1 2022	Q4 2022
D&A	$20M	$17M	$14M	$14M	$13M	$13M	$14M	$15M	$8M	$9M	$8M	$7M	$7M	$6M	$7M	$8M
Stock-based Comp	$4M	$4M	$5M	$4M	$6M	$5M	$5M	$4M	$4M	$4M	$4M	$3M	$4M	$3M	$4M	$2M
Deferred Tax	·	·	·	$-5M	$-100.0K	·	·	$-16M	$-200.0K	$0	$-5M	$4M	·	·	·	$10M
Amort. of Intangibles	·	$6M	$34M	$-9M	$4M	$4M	$17M	$-2M	$1M	$1M	$7M	·	·	·	·	·
Other Non-cash	·	·	$-98M	·	·	·	$-56M	·	·	·	$-26M	·	·	·	$-27M	·
Operating Cash Flow	$75M	$14M	$-45M	$51M	$-19M	$22M	$-19M	$24M	$20M	$17M	$-19M	$45M	$17M	$-46M	$7M	$40M
CapEx	$8M	$7M	$9M	$10M	$8M	$8M	$8M	$8M	$6M	$7M	$9M	$7M	$10M	$6M	$7M	$7M
Investing Cash Flow	$-15M	$-213M	$-24M	$28M	$-4M	$-8M	$-5M	$-732M	$-6M	$-9M	$-12M	$-111M	$-9M	$-8M	$-11M	$-10M
Debt Issued	$0	$0	$153M	·	·	·	·	·	·	·	·	·	·	·	·	·
Net Debt Issued	·	·	$153M	·	·	·	·	·	·	·	·	·	·	·	·	·
Stock Issued	$0	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Stock Repurchased	·	·	·	·	·	·	·	$0	·	·	·	$0	$0	$28M	$22M	$22M
Net Stock Activity	·	·	·	·	·	·	·	·	·	·	·	·	·	·	$-22M	·
Financing Cash Flow	$-56M	$204M	$51M	$-71M	$41M	$5M	$-9M	$720M	$-6M	$-23M	$39M	$93M	$-6M	$56M	$-6M	$-14M
Net Change in Cash	$4M	$5M	$-18M	$8M	$18M	$19M	$-33M	$12M	$8M	$-15M	$8M	$28M	$3M	$3M	$-10M	$16M
Free Cash Flow	·	·	$-54M	·	·	·	$-26M	·	·	·	$-28M	·	·	·	$100.0K	·

Profitability 6

Quarterly Profitability data for AIR
Metric	Q3 2026	Q2 2025	Q1 2025	Q4 2025	Q3 2025	Q2 2024	Q1 2024	Q4 2024	Q3 2024	Q2 2023	Q1 2023	Q4 2023	Q3 2023	Q2 2022	Q1 2022	Q4 2022
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	Q3 2026	Q2 2025	Q1 2025	Q4 2025	Q3 2025	Q2 2024	Q1 2024	Q4 2024	Q3 2024	Q2 2023	Q1 2023	Q4 2023	Q3 2023	Q2 2022	Q1 2022	Q4 2022
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	Q3 2026	Q2 2025	Q1 2025	Q4 2025	Q3 2025	Q2 2024	Q1 2024	Q4 2024	Q3 2024	Q2 2023	Q1 2023	Q4 2023	Q3 2023	Q2 2022	Q1 2022	Q4 2022
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	Q3 2026	Q2 2025	Q1 2025	Q4 2025	Q3 2025	Q2 2024	Q1 2024	Q4 2024	Q3 2024	Q2 2023	Q1 2023	Q4 2023	Q3 2023	Q2 2022	Q1 2022	Q4 2022
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	Q3 2026	Q2 2025	Q1 2025	Q4 2025	Q3 2025	Q2 2024	Q1 2024	Q4 2024	Q3 2024	Q2 2023	Q1 2023	Q4 2023	Q3 2023	Q2 2022	Q1 2022	Q4 2022
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

	2025-05-31	2024-05-31	2023-05-31	2022-05-31	2021-05-31
Revenue	$2.78B	$2.32B	$1.99B	$1.82B	$1.65B
Gross Margin %	19.0%	19.1%	18.6%	17.2%	16.7%
Net Income	$12M	$46M	$90M	$79M	$36M
Diluted EPS	$0.35	$1.29	$2.53	$2.17	$1.00

Balance Sheet

	2025-05-31	2024-05-31	2023-05-31	2022-05-31	2021-05-31
Debt / Equity	0.8	0.8	0.2	0.1	0.1
Current Ratio	2.7	3.0	3.1	2.9	2.8
Quick Ratio	0.8	0.8	0.9	0.8	0.6

Cash Flow

	2025-05-31	2024-05-31	2023-05-31	2022-05-31	2021-05-31
Free Cash Flow	$1M	$14M	$-6M	$58M	$94M

Latest News Recent headlines mentioning this company

Factbox-Airlines cancel flights in response to Middle East conflict Yahoo Finance · 1 week, 6 days ago
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KeyBanc Lifts Price Target on AAR Corp. (AIR) to $132, Keeps Overweight Rating Yahoo Finance · 1 month, 1 week ago

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