AIR
AAR Corp
NYSE: AIR · INDUSTRIALS · AEROSPACE & DEFENSE
$105.69
-2.91% today
Updated 2026-04-29
Market cap
$4.20B
P/E ratio
23.23
P/S ratio
1.34x
EPS (TTM)
$4.55
Dividend yield
—
52W range
$56 – $127
Volume
0.5M
AAR Corp (AIR) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $897.28M | $1.06B | $1.38B | $1.42B | $1.35B | $1.78B | $2.06B | $2.14B | $2.04B | $1.59B | $1.66B | $1.77B | $1.75B | $2.05B | $2.07B | $1.65B | $1.82B | $1.99B | $2.32B | $2.78B |
| Revenue growth (YoY) | — | +18.3% | +30.5% | +2.8% | -5.0% | +31.3% | +16.3% | +3.5% | -4.8% | -21.7% | +4.3% | +6.3% | -1.1% | +17.4% | +1.0% | -20.3% | +10.1% | +9.4% | +16.5% | +19.9% |
| Cost of revenue | $733.30M | $877.02M | $1.12B | $1.18B | $1.11B | $1.47B | $1.75B | $1.82B | $1.69B | $1.44B | $1.43B | $1.49B | $1.45B | $1.72B | $1.80B | $1.38B | $1.51B | $1.62B | $1.88B | $2.25B |
| Gross profit | $163.98M | $184.15M | $264.07M | $241.62M | $243.52M | $303.06M | $318.56M | $314.20M | $340.20M | $159.30M | $236.90M | $276.50M | $294.60M | $329.50M | $269.20M | $275.90M | $313.20M | $370.10M | $442.30M | $527.70M |
| Gross margin | 18.3% | 17.4% | 19.1% | 17.0% | 18.0% | 17.1% | 15.4% | 14.7% | 16.7% | 10.0% | 14.2% | 15.6% | 16.9% | 16.1% | 13.0% | 16.7% | 17.2% | 18.6% | 19.1% | 19.0% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $101.33M | $105.09M | $135.50M | $147.22M | $153.30M | $173.60M | $189.40M | $198.40M | $197.60M | $171.40M | $170.80M | $196.70M | $208.60M | $215.40M | $220.60M | $182.40M | $202.20M | $230.40M | $312.20M | $347.50M |
| Operating income | $64.16M | $95.37M | $134.52M | $102.89M | $90.33M | $138.73M | $130.70M | $122.60M | $145.70M | $-11.90M | $65.80M | $79.60M | $86.00M | $98.30M | $41.30M | $85.20M | $106.90M | $133.90M | $129.20M | $185.20M |
| Operating margin | 7.2% | 9.0% | 9.7% | 7.2% | 6.7% | 7.8% | 6.3% | 5.7% | 7.2% | -0.7% | 4.0% | 4.5% | 4.9% | 4.8% | 2.0% | 5.2% | 5.9% | 6.7% | 5.6% | 6.7% |
| EBITDA | $94.39M | $95.37M | $176.62M | $178.83M | $129.95M | $198.47M | $211.61M | $211.90M | $207.50M | $-11.90M | $115.40M | $118.00M | $126.50M | $142.40M | $87.40M | $73.10M | $144.20M | $161.30M | $142.70M | $169.50M |
| EBITDA margin | 10.5% | 9.0% | 12.8% | 12.6% | 9.6% | 11.2% | 10.2% | 9.9% | 10.2% | -0.7% | 6.9% | 6.7% | 7.2% | 6.9% | 4.2% | 4.4% | 7.9% | 8.1% | 6.2% | 6.1% |
| EBIT | $65.17M | $63.17M | $136.67M | $138.28M | $91.02M | $139.17M | $131.28M | $103.30M | $94.10M | $-135.80M | $64.30M | $82.30M | $86.00M | $99.60M | $43.70M | $36.80M | $111.10M | $133.40M | $101.50M | $114.30M |
| Interest expense | $18.00M | $16.70M | $29.49M | $18.37M | $26.83M | $30.67M | $37.77M | $41.60M | $28.30M | $27.20M | $6.40M | $5.30M | $8.00M | $9.50M | $9.30M | $5.00M | $2.40M | $12.20M | $43.20M | $75.40M |
| Income tax | $10.33M | $27.97M | $40.34M | $39.31M | $20.99M | $35.36M | $25.48M | $26.70M | $32.10M | $-28.50M | $18.80M | $24.10M | $3.50M | $4.90M | $5.60M | $18.20M | $26.60M | $31.40M | $12.00M | $26.40M |
| Effective tax rate | 22.7% | 32.3% | 34.9% | 33.3% | 32.0% | 33.6% | 27.3% | 32.7% | 30.6% | 155.7% | 28.3% | 29.9% | 18.3% | 39.5% | 18.4% | 33.7% | 25.3% | 25.8% | 20.6% | 67.9% |
| Net income | $35.16M | $58.66M | $75.14M | $78.65M | $44.63M | $69.83M | $67.72M | $55.00M | $72.90M | $10.20M | $47.70M | $56.50M | $15.60M | $7.50M | $24.80M | $35.80M | $78.70M | $90.20M | $46.30M | $12.50M |
| Net income growth (YoY) | — | +66.8% | +28.1% | +4.7% | -43.3% | +56.5% | -3.0% | -18.8% | +32.5% | -86.0% | +367.6% | +18.4% | -72.4% | -51.9% | +230.7% | +44.4% | +119.8% | +14.6% | -48.7% | -73.0% |
| Profit margin | 3.9% | 5.5% | 5.4% | 5.5% | 3.3% | 3.9% | 3.3% | 2.6% | 3.6% | 0.6% | 2.9% | 3.2% | 0.9% | 0.4% | 1.2% | 2.2% | 4.3% | 4.5% | 2.0% | 0.4% |