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Segments

By segment

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Repair Engineering And Software$132.7M
Government Solutions$39.8M
Parts Supply$31.3M+35.5%
Repair And Engineering$27.4M+17.1%
Integrated Solutions$17.7M+2.3%
Legacy Commercial Programs$13.2M

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:SellingGeneralAndAdministrativeExpense.

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
Line itemFor the Year Ended May 31, 2026For the Year Ended May 31, 2025For the Year Ended May 31, 2024
2,686.02,252.81,876.6
Gross profit622.0527.7442.3
Provision for credit losses2.10.20.7
Selling, general and administrative349.3347.7312.2
Earnings (Loss) from joint ventures7.25.4(0.2)
Operating income277.8185.2129.2
Bargain purchase gain29.5
Gain on sale of headquarters building9.8

ITEM 8.FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is AAR Corp's SG&A?
AAR Corp (AIR) reported SG&A of $99.6M in Q1 2026.
How has AAR Corp's SG&A changed year-over-year?
AAR Corp's SG&A increased by 28.7% year-over-year, from $77.4M to $99.6M.
What is the long-term trend for AAR Corp's SG&A?
Over 4 years (2022 to 2026), AAR Corp's SG&A has grown at a 14.6% compound annual growth rate (CAGR), from $202.2M to $349.3M.
What does SG&A mean?
Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

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