AIR
$99.80+1.23%
AAR Corp.Stock · IndustrialsRussell 2000 · 0.2% of IWMUS Stock Market · 0.007% of VTIRussell 3000 · 0.007% of IWV
AIR financial statements
The full income statement, balance sheet, and cash-flow statement for AAR Corp. (AIR), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-08 35.9M2024-11 35.9M2025-02 36.1M2025-05 35.8M2025-08 36.1M2025-11 39.6M2026-02 39.8M2026-05 39.9M2026-08 40.2M+11.9% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Income Statement | as ofMay 31 ’26 | as ofMay 31 ’25 | as ofMay 31 ’24 | as ofMay 31 ’23 | as ofMay 31 ’22 | |
| Revenue | 3.31B+19.0% | 2.78B+19.9% | 2.32B+16.5% | 1.99B+9.4% | 1.82B+10.1% | |
| 622M+17.9% | 528M+19.3% | 442M+19.5% | 370M+18.2% | 313M+13.5% | ||
| Cost of revenue | 2.69B+19.2% | 2.25B+20.0% | 1.88B+15.8% | 1.62B+7.5% | 1.51B | |
| Selling, general & administrative | 349M+0.5% | 348M+11.4% | 312M+35.5% | 230M+13.9% | 202M+10.9% | |
| Amortization of intangibles | 24.1M+48.8% | 16.2M+121.9% | 7.30M+461.5% | 1.30M+18.2% | 1.10M-38.9% | |
| Provision for credit losses | 2.10M+950.0% | 200K-71.4% | 700K-73.1% | 2.60M+116.7% | 1.20M-85.9% | |
| Interest expense | 72.1M-4.4% | 75.4M+74.5% | 43.2M+254.1% | 12.2M+408.3% | 2.40M-52.0% | |
| Interest & investment income | 1.60M-11.1% | 1.80M-18.2% | 2.20M+120.0% | 1.00M+900.0% | 100K-50.0% | |
| Other non-operating income | -2.10M-600.0% | -300K+25.0% | -400K+50.0% | -800K-136.4% | 2.20M-48.8% | |
| Equity-method income | 7.20M+33.3% | 5.40M+2800.0% | -200K+93.8% | -3.20M-10.3% | -2.90M-1550.0% | |
| Pre-tax income | 246M+532.1% | 38.9M-33.3% | 58.3M-51.9% | 121M | — | |
| Income tax | 58.2M+120.5% | 26.4M+120.0% | 12.0M-61.8% | 31.4M+18.0% | 26.6M+46.2% | |
| 188M+1401.6% | 12.5M-73.0% | 46.3M-48.7% | 90.2M+14.6% | 78.7M+119.8% | ||
| Income from continuing operations | — | 12.5M-73.0% | 46.3M-48.4% | 89.8M+14.4% | 78.5M+69.5% | |
| Discontinued operations | — | — | — | 400K+100.0% | 200K+101.9% | |
| Net income to common | — | — | 45.8M-48.6% | 89.1M+14.1% | 78.1M+120.6% | |
| $4.86+1288.6% | $0.35-72.9% | $1.29-49.0% | $2.53+16.6% | $2.17+117.0% | ||
| EPS (basic) | $4.88+1294.3% | $0.35-73.1% | $1.30-49.2% | $2.56+16.4% | $2.20+117.8% | |
| Weighted-avg shares (basic) | 38.3M+7.6% | 35.6M+1.4% | 35.1M+1.2% | 34.7M-2.5% | 35.6M+1.7% | |
| Weighted-avg shares (diluted) | 38.4M+7.3% | 35.8M+1.1% | 35.4M+0.9% | 35.1M-2.5% | 36.0M+2.0% | |
| Balance Sheet | as ofMay 31 ’26 | as ofMay 31 ’25 | as ofMay 31 ’24 | as ofMay 31 ’23 | as ofMay 31 ’22 | |
| 1.74B+15.3% | 1.51B+8.7% | 1.39B+26.6% | 1.10B+9.0% | 1.01B+7.5% | ||
| Cash & equivalents | 84.0M-13.0% | 96.5M+12.5% | 85.8M+25.4% | 68.4M+27.9% | 53.5M+3.3% | |
| Accounts receivable | 387M+9.0% | 355M+23.5% | 287M+19.0% | 241M+12.8% | 214M+28.4% | |
| Inventory | 979M+21.0% | 809M+10.4% | 733M+27.7% | 574M+4.3% | 551M+1.8% | |
| Prepaid expenses | 120M+23.7% | 97.1M+65.7% | 58.6M | — | — | |
| Other current assets | — | — | — | — | 40.4M+45.8% | |
| 3.36B+18.0% | 2.84B+2.7% | 2.77B+51.1% | 1.83B+16.5% | 1.57B+2.2% | ||
| Property, plant & equipment | 167M+5.3% | 159M-7.7% | 172M+36.2% | 126M+15.1% | 110M-8.7% | |
| Operating lease right-of-use | 211M+125.9% | 93.3M-3.4% | 96.6M+51.6% | 63.7M-12.7% | 73.0M-3.7% | |
| Goodwill | 580M+9.3% | 531M-4.3% | 555M+215.6% | 176M+51.0% | 116M-2.4% | |
| Intangible assets | 282M+28.2% | 220M-6.7% | 235M+269.5% | 63.7M+1830.3% | 3.30M-26.7% | |
| Other non-current assets | 194M+21.6% | 159M+2.4% | 156M+21.8% | 128M+30.7% | 97.8M-1.0% | |
| 613M+10.5% | 555M+18.8% | 467M+32.8% | 352M+0.9% | 348M+3.4% | ||
| Accounts payable | 296M-2.5% | 303M+27.4% | 238M+50.2% | 159M+1.3% | 156M+23.0% | |
| Accrued liabilities | 267M+6.2% | 252M+14.7% | 219M+22.1% | 180M+2.9% | 175M+0.2% | |
| Deferred revenue | 50.3M+24.8% | 40.3M+174.1% | 14.7M-25.4% | 19.7M-3.9% | 20.5M-20.8% | |
| Current lease liability | 17.0M+38.2% | 12.3M-6.8% | 13.2M+7.3% | 12.3M+10.8% | 11.1M | |
| Long-term debt | 894M-7.7% | 968M-1.8% | 985M+265.4% | 270M+172.7% | 98.9M-26.0% | |
| Deferred revenue (non-current) | 6.90M+7.8% | 6.40M-11.1% | 7.20M-43.3% | 12.7M+25.7% | 10.1M+87.0% | |
| Non-current lease liability | 101M+27.0% | 79.6M-0.9% | 80.3M+66.6% | 48.2M-16.0% | 57.4M-4.2% | |
| Operating lease liability (total) | 118M+28.5% | 91.9M-1.7% | 93.5M+54.5% | 60.5M-11.7% | 68.5M-4.1% | |
| Deferred tax liabilities | 23.1M+25.5% | 18.4M-23.0% | 23.9M-28.9% | 33.6M+68.0% | 20.0M+110.5% | |
| Other non-current liabilities | 20.8M+69.1% | 12.3M | — | — | — | |
| Total non-current liabilities | 1.04B-3.7% | 1.08B-3.1% | 1.11B+191.1% | 383M+100.1% | 191M-16.3% | |
| 1.70B+40.6% | 1.21B+1.8% | 1.19B+8.3% | 1.10B+6.2% | 1.03B+6.2% | ||
| Common stock | 48.8M+7.7% | 45.3M+0.0% | 45.3M+0.0% | 45.3M+0.0% | 45.3M+0.0% | |
| Additional paid-in capital | 790M+56.3% | 505M+2.3% | 494M+1.9% | 485M+1.5% | 478M-0.5% | |
| Retained earnings | 1.16B+19.4% | 969M+1.3% | 957M+5.1% | 911M+11.0% | 820M+10.6% | |
| Treasury stock | 288M-4.9% | 303M+1.7% | 298M-6.4% | 318M+9.9% | 289M+5.5% | |
| Accumulated other comprehensive income | -3.90M+30.4% | -5.60M+36.4% | -8.80M+62.6% | -23.5M-19.9% | -19.6M-7.1% | |
| Total equity incl. non-controlling | — | — | 1.19B+8.3% | 1.10B+6.2% | 1.03B+6.2% | |
| Total liabilities & equity | 3.36B+18.0% | 2.84B+2.7% | 2.77B+51.1% | 1.83B+16.5% | 1.57B+2.2% | |
| Common shares issued | 48.8M+7.6% | 45.3M+0.0% | 45.3M+0.0% | 45.3M+0.0% | 45.3M+0.0% | |
| Shares outstanding (cover) | 39.9M+11.3% | 35.8M+0.4% | 35.7M+2.2% | 34.9M-1.4% | 35.4M+0.0% | |
| Cash Flow | as ofMay 31 ’26 | as ofMay 31 ’25 | as ofMay 31 ’24 | as ofMay 31 ’23 | as ofMay 31 ’22 | |
| 98.7M+173.4% | 36.1M-17.2% | 43.6M+87.1% | 23.3M-69.0% | 75.2M-28.5% | ||
| Depreciation & amortization | 72.1M+30.6% | 55.2M+37.3% | 40.2M+47.8% | 27.2M-17.8% | 33.1M-8.8% | |
| Intangible amortization | 24.1M+48.8% | 16.2M+121.9% | 7.30M+461.5% | 1.30M+18.2% | 1.10M-38.9% | |
| Share-based compensation | 17.8M-10.6% | 19.9M+30.1% | 15.3M+13.3% | 13.5M+64.6% | 8.20M-10.9% | |
| Deferred income taxes | -3.20M+41.8% | -5.50M+73.2% | -20.5M-831.8% | -2.20M-125.3% | 8.70M+3.6% | |
| Change in receivables | -7.70M-109.3% | 82.8M+1462.3% | 5.30M-70.7% | 18.1M-63.1% | 49.0M+988.9% | |
| Change in inventory | 69.0M-36.9% | 109M+20.9% | 90.4M+283.1% | 23.6M+126.9% | 10.4M+113.9% | |
| Change in payables | -49.9M-170.8% | 70.5M+18.7% | 59.4M | — | 29.4M+147.0% | |
| -309M-2985.0% | 10.7M+101.4% | -759M-449.6% | -138M-736.4% | -16.5M-3200.0% | ||
| Capital expenditure | 36.6M+5.5% | 34.7M+16.8% | 29.7M+0.7% | 29.5M+70.5% | 17.3M+53.1% | |
| Free cash flow | 62.1M+4335.7% | 1.40M-89.9% | 13.9M+324.2% | -6.20M-110.7% | 57.9M-38.3% | |
| Acquisitions | 259M+17193.3% | 1.50M-99.8% | 723M+599.8% | 103M | 0.00 | |
| Proceeds from sale of PP&E | 25.1M+434.0% | 4.70M | — | — | — | |
| Other investing activities | 9.60M+433.3% | 1.80M-59.1% | 4.40M-15.4% | 5.20M-20.0% | 6.50M+912.5% | |
| 209M+719.0% | -33.7M-104.6% | 729M+429.6% | 138M+330.3% | -59.8M+87.3% | ||
| Long-term debt issued | 153M | 0.00-100.0% | 550M | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 24.7M | |
| Net short-term debt | -227M-1035.0% | -20.0M-111.4% | 175M+1.7% | 172M+1910.5% | -9.50M+98.0% | |
| Common stock issued | 274M | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00-100.0% | 10.1M+98.0% | 5.10M-89.8% | 50.1M+18.2% | 42.4M | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | — | |
| Other financing activities | — | — | — | -1.90M | — | |
| Net change in cash | -1.40M-110.7% | 13.1M-8.4% | 14.3M-37.6% | 22.9M+1861.5% | -1.30M+99.6% | |
| Interest paid | 71.7M-3.6% | 74.4M+133.2% | 31.9M+187.4% | 11.1M+428.6% | 2.10M-51.2% | |
| Income taxes paid | 49.6M+109.3% | 23.7M-43.3% | 41.8M+17.1% | 35.7M+49.4% | 23.9M+191.5% | |
| Valuation Ratios | as ofMay 31 ’26 | as ofMay 31 ’25 | as ofMay 31 ’24 | as ofMay 31 ’23 | as ofMay 31 ’22 | |
| Market cap | 4.48B+102.0% | 2.22B-12.5% | 2.54B+44.8% | 1.75B+2.5% | 1.71B+15.8% | |
| P/E | 26.2× | — | 54.8×+182.1% | 19.4×-10.6% | 21.7×-92.2% | |
| P/S | 1.4×+72.9% | 0.8×-24.4% | 1.1×+24.3% | 0.9×-6.3% | 0.9×+3.8% | |
| P/B | 2.7×+45.3% | 1.9×-12.0% | 2.1×+33.8% | 1.6×-3.5% | 1.7×+4.4% | |
| P/FCF | 74.4× | — | 182.4× | — | 29.5×-17.0% | |
| Earnings yield | 3.8% | — | 1.8%-64.6% | 5.2%+11.8% | 4.6%+1182.1% | |
| FCF yield | 1.3% | — | 0.55% | — | 3.4%+20.5% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: AIR’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all AIR filings on SEC EDGAR → Not investment advice.