AAR CORP
AAR CORP
Companies in Aircraft & Parts
AAR CORP (AIR) — SEC Financial Statements & Analysis
AAR CORP (AIR) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.
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Financial Statements
Values in Millions ($) | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | 2024-05-31 | 2024-02-29 | 2023-11-30 | 2023-08-31 | 2023-05-31 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Disposal Group Heldforsale Not Discontinued Operat… | - | - | - | - | 81 | - | - | - | - | - | - | - | |||||
Assets | |||||||||||||||||
Discontinued Operations Disposed Of By Sale | - | - | - | - | 7 | - | - | - | - | - | - | - | |||||
Cash And Cash Equivalents At Carrying Value | 79 | 76 | 80 | 97 | 84 | 62 | 49 | 86 | 69 | 65 | 70 | 68 | |||||
Restricted Cash And Cash Equivalents At Carrying V… | 22 | 21 | 12 | 13 | 17 | 21 | 14 | 10 | 14 | 10 | 20 | 13 | |||||
Receivables Net Current | 426 | 402 | 364 | 355 | 313 | 320 | 311 | 287 | 257 | 246 | 281 | 241 | |||||
Contract With Customer Asset Net Current | 142 | 153 | 147 | 140 | 153 | 150 | 148 | 123 | 87 | 99 | 99 | 87 | |||||
Inventory Net | 958 | 911 | 862 | 809 | 776 | 790 | 748 | 733 | 672 | 646 | 614 | 574 | |||||
Assets Current | |||||||||||||||||
Assets Current | 1,764 | 1,690 | 1,567 | 1,511 | 1,535 | 1,498 | 1,427 | 1,390 | 1,241 | 1,194 | 1,207 | 1,098 | |||||
Assets Of Disposal Group Including Discontinued Op… | - | - | - | 6 | - | 8 | 9 | 10 | 11 | 12 | 13 | 14 | |||||
Prepaid Expense And Other Assets Current | 137 | 129 | 104 | 53 | 75 | 81 | 77 | 59 | - | - | - | - | |||||
Prepaid Expense And Other Assets | - | - | - | - | - | - | - | 59 | 57 | 61 | 59 | 50 | |||||
Land | - | - | - | 9 | - | - | - | 10 | - | - | - | 3 | |||||
Property Plant And Equipm… | |||||||||||||||||
Buildings And Improvements Gross | - | - | - | 118 | - | - | - | 118 | - | - | - | 96 | |||||
Property Plant And Equipment Net | 163 | 217 | 162 | 159 | 153 | 167 | 162 | 172 | 134 | 133 | 131 | 126 | |||||
Property Plant And Equipment Gross | - | - | - | 437 | - | - | - | 452 | - | - | - | 395 | |||||
Other Assets | |||||||||||||||||
Goodwill | 552 | 552 | 543 | 531 | 528 | 543 | 553 | 555 | 179 | 176 | 177 | 176 | |||||
Intangible Assets Net Excluding Goodwill | 289 | 296 | 226 | 220 | 224 | 227 | 231 | 235 | 60 | 62 | 63 | 64 | |||||
Assets Noncurrent | |||||||||||||||||
Operating Lease Right Of Use Asset | 193 | 105 | 91 | 93 | 79 | 91 | 93 | 97 | 90 | 90 | 67 | 64 | |||||
Other Assets Noncurrent | 184 | 171 | 168 | 159 | 156 | 149 | 147 | 156 | 140 | 133 | 132 | 128 | |||||
Assets | 3,333 | 3,243 | 2,930 | 2,845 | 2,859 | 2,849 | 2,783 | 2,770 | 2,022 | 1,966 | 1,954 | 1,833 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 324 | 342 | 314 | 303 | 279 | 292 | 258 | 238 | 230 | 210 | 222 | 159 | |||||
Liabilities Current | 653 | 594 | 539 | 555 | 545 | 558 | 467 | 467 | 428 | 380 | 394 | 352 | |||||
Accrued Liabilities Current | 329 | 252 | 225 | 246 | 237 | 259 | 201 | 219 | 187 | 159 | 159 | 180 | |||||
Liabilities Of Disposal Group Including Discontinu… | - | - | - | 6 | - | 8 | 9 | 10 | 11 | 11 | 12 | 13 | |||||
Long Term Debt Noncurrent | 888 | 953 | 1,022 | 968 | 1,022 | 987 | 981 | 985 | 275 | 275 | 305 | 270 | |||||
Operating Lease Liability Noncurrent | 91 | 92 | 78 | 80 | 68 | 78 | 79 | 80 | 73 | 73 | 52 | 48 | |||||
Deferred Income Tax Liabilities Net | 18 | 21 | 22 | 18 | 25 | 24 | 24 | 24 | 37 | 40 | 40 | 34 | |||||
Other Liabilities | - | 22 | 20 | 12 | 16 | 21 | 22 | 24 | 41 | 42 | 43 | 31 | |||||
Other Liabilities Noncurrent | 38 | - | - | - | - | - | - | - | - | - | - | - | |||||
Liabilities Noncurrent | 1,036 | 1,087 | 1,142 | 1,078 | 1,131 | 1,109 | 1,106 | 1,113 | 426 | 430 | 439 | 383 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Common Stock Value | 49 | 49 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | |||||
Additional Paid In Capital Common Stock | 785 | 778 | 504 | 505 | 501 | 496 | 490 | 494 | 489 | 486 | 482 | 485 | |||||
Retained Earnings Accumulated Deficit | 1,106 | 1,038 | 1,004 | 969 | 935 | 944 | 975 | 957 | 948 | 934 | 910 | 911 | |||||
Treasury Stock Common Value | -292 | -298 | -298 | -303 | -287 | -293 | -293 | -298 | -306 | -301 | -307 | -318 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -5 | -6 | -5 | -6 | -12 | -11 | -7 | -9 | -9 | -9 | -8 | -24 | |||||
Stockholders Equity | 1,643 | 1,561 | 1,249 | 1,212 | 1,183 | 1,182 | 1,210 | 1,190 | 1,168 | 1,156 | 1,122 | 1,099 | |||||
Liabilities And Stockholders Equity | 3,333 | 3,243 | 2,930 | 2,845 | 2,859 | 2,849 | 2,783 | 2,770 | 2,022 | 1,966 | 1,954 | 1,833 | |||||
Allowance For Doubtful Accounts Receivable Current | 13 | 13 | 12 | - | 10 | 12 | 14 | - | 14 | 14 | 14 | - | |||||
Accumulated Depreciation Depletion And Amortizatio… | 275 | 255 | 285 | -279 | 271 | 290 | 286 | -280 | 278 | 277 | 273 | -269 | |||||
Amortization Of Intangible Assets | - | 40 | 34 | - | 26 | 21 | 17 | - | 9 | 8 | 7 | - | |||||
Finite Lived Intangible Assets Accumulated Amortiz… | 47 | - | - | - | - | - | - | - | - | - | - | - | |||||
Preferred Stock Par Or Stated Value Per Share | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Preferred Stock Shares Authorized | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Common Stock Shares Authorized | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | |||||
Common Stock Shares Issued | 49 | 49 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | |||||
Treasury Stock Common Shares | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 10 | 10 | 10 | 10 | 10 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.95% | 4.42% | 6.80% | 15.95% | 28.28% | 17.42% | 3.81% | -11.79% | 8.85% | - | - | - |
| 2025 | -6.09% | 0.24% | -4.20% | 1.00% | -3.09% | -14.83% | -7.58% | 9.70% | 20.11% | -4.59% | -6.10% | -0.87% |
| 2024 | -1.82% | 12.87% | 19.82% | -15.86% | -10.65% | -8.89% | -4.90% | 12.92% | 4.76% | -6.60% | -0.78% | 1.65% |
| 2023 | - | - | - | - | - | - | - | - | - | 0.45% | -3.36% | -0.52% |
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Performance and Valuation Metrics
Metrics | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | 2024-05-31 | 2024-02-29 | 2023-11-30 | 2023-08-31 | 2023-05-31 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 2.70 | 2.84 | 2.91 | 2.72 | 2.82 | 2.68 | 3.06 | 2.98 | 2.90 | 3.14 | 3.07 | 3.12 | |||||
| Quick Ratio | 1.02 | 1.10 | 1.12 | 1.17 | 1.26 | 1.12 | 1.29 | 1.28 | 1.33 | 1.44 | 1.51 | 1.49 | |||||
| Working Capital | 1.11B | 1.10B | 1.03B | 955.90M | 989.60M | 939.70M | 960.00M | 922.70M | 812.50M | 814.30M | 813.70M | 746.40M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 1.03 | 1.08 | 1.35 | 1.35 | 1.42 | 1.41 | 1.30 | 1.33 | 0.73 | 0.70 | 0.74 | 0.67 | |||||
| Interest Coverage TTM | 2.18 | 0.75 | -0.19 | -0.48 | -0.94 | -0.47 | 0.61 | 0.35 | 1.57 | 3.01 | 3.93 | 8.97 | |||||
| Debt Ratio | 0.51 | 0.52 | 0.57 | 0.57 | 0.59 | 0.59 | 0.57 | 0.57 | 0.42 | 0.41 | 0.43 | 0.40 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 1.01 | 0.97 | 1.00 | 0.99 | 1.10 | 1.07 | 1.03 | 1.01 | 1.20 | 1.20 | 1.18 | 1.17 | |||||
| Days Sales Outstanding TTM | 43.01 | 44.42 | 43.06 | 42.14 | 38.75 | 40.22 | 44.41 | 41.59 | 40.76 | 39.68 | 43.70 | 41.74 | |||||
| Receivables Turnover TTM | 8.49 | 8.22 | 8.48 | 8.66 | 9.42 | 9.07 | 8.22 | 8.78 | 8.96 | 9.20 | 8.35 | 8.74 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 4.33 | 2.47 | 0.81 | 0.35 | -0.35 | 0.30 | 1.82 | 1.31 | 1.72 | 1.93 | 1.91 | 2.57 | |||||
| Free Cash Flow Per Share TTM | 1.53 | -0.88 | -0.72 | 0.04 | -0.65 | 0.53 | 0.43 | 0.40 | 1.01 | 0.81 | -0.98 | -0.18 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 19.00% | 19.29% | 19.04% | 18.98% | 18.82% | 18.80% | 18.85% | 19.07% | 19.10% | 18.76% | 18.60% | 18.59% | |||||
| Operating Profit Margin TTM | 7.52% | 4.43% | 2.13% | 1.40% | -0.32% | 0.09% | 1.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||
| Net Profit Margin TTM | 5.46% | 3.17% | 1.01% | 0.45% | -0.46% | 0.41% | 2.67% | 2.00% | 2.73% | 3.14% | 3.19% | 4.53% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 16.85% | 15.40% | 17.59% | 19.91% | 21.07% | 18.53% | 16.09% | 16.50% | 15.81% | 17.63% | 15.61% | 9.37% | |||||
| Net Income Growth (1Y) | -1,479.03% | 796.19% | -55.47% | -73.00% | -120.53% | -84.60% | -2.99% | -48.67% | -33.55% | -25.55% | -25.58% | 14.61% | |||||
| EPS Growth (1Y) | -1,342.18% | 734.55% | -56.09% | -73.38% | -120.18% | -84.74% | -4.37% | -49.25% | -34.89% | -27.04% | -25.16% | 17.59% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 26.93 | 33.43 | 93.46 | 174.90 | -185.62 | 233.06 | 35.68 | 53.82 | 38.48 | 35.46 | 31.95 | 19.28 | |||||
| P/B | 2.80 | 2.01 | 2.16 | 1.80 | 1.95 | 2.07 | 1.91 | 2.09 | 1.99 | 2.09 | 1.91 | 1.58 | |||||
| P/S TTM | 1.47 | 1.06 | 0.94 | 0.79 | 0.86 | 0.95 | 0.95 | 1.07 | 1.05 | 1.11 | 1.02 | 0.87 | |||||
| Market Cap | 4.60B | 3.15B | 2.70B | 2.19B | 2.30B | 2.45B | 2.32B | 2.49B | 2.32B | 2.42B | 2.14B | 1.74B | |||||
| Enterprise Value | 5.39B | 4.00B | 3.63B | 3.04B | 3.22B | 3.35B | 3.23B | 3.38B | 2.52B | 2.62B | 2.35B | 1.93B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 60.20M | -33.20M | -25.70M | 1.40M | -23.00M | 18.80M | 15.20M | 13.90M | 35.10M | 28.20M | -34.10M | -6.20M | |||||
| Net Debt | 788.20M | 856.50M | 930.50M | 858.80M | 921.40M | 904.20M | 917.90M | 889.30M | 191.10M | 199.50M | 214.60M | 187.90M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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