AIRNYSEAircraft & PartsFiscal year ends May 31
AAR CORP
Financials through Q1 FY2027, quarter ended Aug 31, 2026Last filing: 10-Q on Sep 29, 2026
$98.59−0.25 (-0.25%)
Close on Oct 19, 2026
- Market cap
- $3.93B
- P/E (TTM)
- 20.2
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
18.8%+2.1 pts over 5 years
Net margin
5.7%+3.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +19.0% | +18.4% | +14.9% | +8.0% | |
| Gross profit | +17.9% | +18.9% | +17.7% | +10.3% | |
| Net income | +1401.6% | +27.7% | +39.3% | +14.7% | |
| EPS, diluted | +1288.6% | +24.3% | +37.2% | +13.5% | |
| Free cash flow | +4335.7% | – | -7.9% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 12.9% | |
| Return on assets | 3.8% | 2.0% | 6.1% | |
| Current ratio | 2.65 | 2.78 | 2.84 | |
| Debt to equity | – | – | 0.52 | |
| Inventory turnover | 3.0× | 2.4× | 3.0× | |
| Capex to revenue | 1.6% | 0.7% | 1.1% | |
| Diluted shares | 34M | 35M | 38M |
Where the cash went
Fiscal 2022 to 2026, five years combined
AAR generated $276.90M from operations and spent $255.50M on capital expenditure, dividends and share buybacks. 58% of that went back into the business.
Generated
$276.90M
Used
$255.50M
Capital expenditure$147.80M58%Dividends$00%Share buybacks$107.70M42%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin5.7%
×Asset turnover1.07×
×Equity multiplier2.13×
=Return on equity, FY202612.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 5.7% | 1.07× | 2.13× | 12.9% |
| FY2025 | 0.4% | 0.99× | 2.34× | 1.0% |
| FY2024 | 2.0% | 1.01× | 2.01× | 4.0% |
| FY2023 | 4.5% | 1.17× | 1.60× | 8.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
6of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$187.70M
- Cash generatingOperating cash flow above zero$98.70M
- Return on assets improvedROA up on the prior year0.5% → 6.6%
- Earnings backed by cashOperating cash flow above net income$98.70M vs $187.70M
- Less leverageLong-term debt to assets fell34.0% → 26.6%
- Better liquidityCurrent ratio rose2.72 → 2.84
- No dilutionShare count did not rise36M → 38M
- Gross margin improvedGross margin up on the prior year18.98% → 18.80%
- More efficientAsset turnover rose1.00 → 1.16