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AAR Corp AIR Acquisitions

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Other financials

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

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Market cap$5.89B+127%
Enterprise value$6.82B+91.9%
P/E31.4×-176×
P/S1.8×+0.8×

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×

Where this comes from

Reported directly by AAR Corp in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The source filing: AAR Corp’s 10-K, filed July 22, 2026.

Filed
Jul 21, 2026, 8:00 PM EDT
Fiscal year
FY2026
Accession
0001104659-26-085459
(In millions)For the Year Ended May 31, 2026For the Year Ended May 31, 2025For the Year Ended May 31, 2024
Net cash provided by operating activities98.736.143.6
Cash flows provided by (used in) investing activities:
Property, plant and equipment expenditures(36.6)(34.7)(29.7)
Acquisitions, net of cash acquired(259.4)(1.5)(722.9)
Proceeds from sale of building and land25.14.7
Proceeds from sale of business0.648.0
Hangar expansion activity, net(28.8)(4.0)(1.5)
Joint venture and other investment activity(9.6)(1.8)(4.4)

ITEM 8.FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is AAR Corp's acquisitions?
AAR Corp (AIR) reported acquisitions of $37.4M in Q1 2026.
How has AAR Corp's acquisitions changed year-over-year?
AAR Corp's acquisitions increased by 750.0% year-over-year, from $4.4M to $37.4M.
What is the long-term trend for AAR Corp's acquisitions?
Over 2 years (2023 to 2026), AAR Corp's acquisitions has grown at a 58.5% compound annual growth rate (CAGR), from $103.3M to $259.4M.
What does acquisitions mean?
Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

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