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AAR Corp

AIR

AAR Corp. is a leading independent provider of aviation aftermarket solutions, serving both commercial and government aerospace sectors globally.

Market cap
$5.59B+116%
Revenue$3.3B+19.0%
Net income$187.7M+1,402%
Free cash flow$62.1M+4,336%
EPS (diluted)$4.83+1,321%
Trailing twelve months · change vs. prior year

Earnings

Next report

Sep 22, 2026 (in 2 months)
Revenue estimate$880.7M
EPS estimate$1.33

Financials

Q4 2026

Income statement

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Revenue$928.0M+23.0%
Gross profit$176.7M+17.6%
Net income$50.7M+49.1%
EPS (diluted)$1.27+32.3%

Balance sheet

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Cash & equivalents$84.0M-13.0%
Total debt$1.0B-4.5%
Total equity$1.7B+40.6%
Total assets$3.4B+18.0%

Cash flow

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Operating cash flow$55.3M+7.6%
CapEx$12.0M+20.0%
Free cash flow$43.3M+4.6%

Valuation & ratios

Valuation

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Market cap$5.59B+116%
Enterprise value$6.51B+81.0%
P/E29.8×-181×
P/S1.7×+0.7×

Profitability

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Gross margin18.8%-0.2pp
Net margin5.7%+5.2pp
FCF margin1.9%+1.8pp

Returns & leverage

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Return on equity12.9%+11.8pp
Debt / equity0.6×-0.3×
Current ratio2.8×+0.1×

Segments

By geography

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Foreign Countries$283.9M+19.3%
Europe$161.2M+39.6%
Asia$92.1M+34.6%
Other Countries Except North America And Europe Africa$12.1M+16.3%

By segment

See full
Parts Supply$433.0M+38.4%

By product

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Service$326.2M+17.5%

Competitors

Profile

AAR Corp. is a leading independent provider of aviation aftermarket solutions, serving both commercial and government aerospace sectors globally. The company specializes in a comprehensive suite of products and services including parts supply, maintenance, repair, and overhaul (MRO) activities, and integrated fleet support. Its value proposition centers on optimizing aircraft availability and reducing operational costs through a global distribution network and digital maintenance technologies.

Competitive position

A leading independent provider in the aviation aftermarket with a diversified portfolio across commercial and government sectors.

GeographiesNorth America, Europe, Asia, Global
Customer segmentsCommercial Airlines, Government and Defense, MRO Providers
Business modelValue-added distribution, Maintenance, Repair, and Overhaul (MRO), B2B Software-as-a-Service (SaaS), Government Contracting
SuppliersOriginal Equipment Manufacturers (OEMs), Aircraft Component Manufacturers, Raw Material Suppliers, Digital Infrastructure Providers
CustomersCommercial Passenger Airlines, Cargo Carriers, Military and Defense Agencies, Aircraft Leasing Companies
Listed1972
Employees5.0K
CEOJohn McClain Holmes
FilingsSEC EDGAR

FAQ

What is AAR Corp's market cap?
AAR Corp (AIR) has a market capitalization of $5.6B and trades on NYSE.
What is AAR Corp's revenue and profitability?
AAR Corp generated $3.3B in trailing twelve-month revenue with net income of $187.7M, representing a net margin of 5.7%. Gross margin stands at 18.8%, with free cash flow of $62.1M. These figures are based on the Q2 2026 filing.
Who are AAR Corp's competitors?
AAR Corp's key competitors include StandardAero, Heico Corp, AerSale Corporation Common Stock, and others. These companies compete in similar markets and product categories.
Who does AAR Corp partner with?
AAR Corp's notable partners include Unison, Chromalloy, Ontic, and others.
What subsidiaries does AAR Corp have?
AAR Corp's subsidiaries include Trax, Product Support business.
Where is AAR Corp headquartered?
AAR Corp is headquartered in United States of America and employs approximately 5,000 people. It has been publicly traded since 1972.