InsiderClue
Stocks · Industrials · Aircraft & Parts

AAR CORP

AIR Clue Score51
United States Fiscal year ends May CIK 0000001750
$100.43 -1.13% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $100.43 +204.24% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2017Revenue1,590.8Net income56.5EPS, diluted1.64Fiscal year 2018Revenue1,748.3 +9.9%Net income15.6 −72.4%EPS, diluted0.41 −75.0%Fiscal year 2019Revenue2,051.8 +17.4%Net income7.5 −51.9%EPS, diluted0.21 −48.8%Fiscal year 2020Revenue2,072.0 +1.0%Net income4.4 −41.3%EPS, diluted0.13 −38.1%Fiscal year 2021Revenue1,652.3 −20.3%Net income35.8 +713.6%EPS, diluted1.00 +669.2%Fiscal year 2022Revenue1,820.0 +10.1%Net income78.7 +119.8%EPS, diluted2.17 +117.0%Fiscal year 2023Revenue1,990.5 +9.4%Net income90.2 +14.6%EPS, diluted2.53 +16.6%Fiscal year 2024Revenue2,318.9 +16.5%Net income46.3 −48.7%EPS, diluted1.29 −49.0%Fiscal year 2025Revenue2,780.5 +19.9%Net income12.5 −73.0%EPS, diluted0.35 −72.9%Fiscal year 2026Revenue3,308.0 +19.0%Net income187.7 +1,401.6%EPS, diluted4.86 +1,288.6%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 1,590.8 1,748.3 2,051.8 2,072.0 1,652.3 1,820.0 1,990.5 2,318.9 2,780.5 3,308.0
Growth +9.9% +17.4% +1.0% −20.3% +10.1% +9.4% +16.5% +19.9% +19.0%
Net income 56.5 15.6 7.5 4.4 35.8 78.7 90.2 46.3 12.5 187.7
Growth −72.4% −51.9% −41.3% +713.6% +119.8% +14.6% −48.7% −73.0% +1,401.6%
EPS, diluted 1.64 0.41 0.21 0.13 1.00 2.17 2.53 1.29 0.35 4.86
Growth −75.0% −48.8% −38.1% +669.2% +117.0% +16.6% −49.0% −72.9% +1,288.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginNet margin
Fiscal year 2017Gross margin16.6%Net margin3.6%Free cash flow margin−0.2%Fiscal year 2018Gross margin16.8%Net margin0.9%Free cash flow margin2.4%Fiscal year 2019Gross margin16.1%Net margin0.4%Free cash flow margin2.4%Fiscal year 2020Gross margin13.0%Net margin0.2%Free cash flow margin−2.9%Fiscal year 2021Gross margin16.7%Net margin2.2%Free cash flow margin5.7%Fiscal year 2022Gross margin17.2%Net margin4.3%Free cash flow margin3.2%Fiscal year 2023Gross margin18.6%Net margin4.5%Free cash flow margin−0.3%Fiscal year 2024Gross margin19.1%Net margin2.0%Free cash flow margin0.6%Fiscal year 2025Gross margin19.0%Net margin0.4%Free cash flow margin0.1%Fiscal year 2026Gross margin18.8%Net margin5.7%Free cash flow margin1.9%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 16.6% 16.8% 16.1% 13.0% 16.7% 17.2% 18.6% 19.1% 19.0% 18.8%
Net margin 3.6% 0.9% 0.4% 0.2% 2.2% 4.3% 4.5% 2.0% 0.4% 5.7%
Free cash flow margin −0.2% 2.4% 2.4% −2.9% 5.7% 3.2% −0.3% 0.6% 0.1% 1.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow21.8Capital expenditure−25.2Free cash flow−3.4Buybacks−19.8Dividends paid−10.2Fiscal year 2018Operating cash flow64.3Capital expenditure−22.0Free cash flow42.3Buybacks−13.1Dividends paid−10.3Fiscal year 2019Operating cash flow67.4Capital expenditure−17.4Free cash flow50.0 +18.2%Buybacks−10.3Dividends paid−10.5Fiscal year 2020Operating cash flow−36.1Capital expenditure−23.6Free cash flow−59.7 −219.4%Buybacks−4.1Dividends paid−10.7Fiscal year 2021Operating cash flow105.2Capital expenditure−11.3Free cash flow93.9Dividends paid−0.1Fiscal year 2022Operating cash flow75.2Capital expenditure−17.3Free cash flow57.9 −38.3%Buybacks−42.4Fiscal year 2023Operating cash flow23.3Capital expenditure−29.5Free cash flow−6.2 −110.7%Buybacks−50.1Fiscal year 2024Operating cash flow43.6Capital expenditure−29.7Free cash flow13.9Buybacks−5.1Fiscal year 2025Operating cash flow36.1Capital expenditure−34.7Free cash flow1.4 −89.9%Buybacks−10.1Fiscal year 2026Operating cash flow98.7Capital expenditure−36.6Free cash flow62.1 +4,335.7%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 21.8 64.3 67.4 −36.1 105.2 75.2 23.3 43.6 36.1 98.7
Capital expenditure −25.2 −22.0 −17.4 −23.6 −11.3 −17.3 −29.5 −29.7 −34.7 −36.6
Free cash flow −3.4 42.3 50.0 −59.7 93.9 57.9 −6.2 13.9 1.4 62.1
Growth +18.2% −219.4% −38.3% −110.7% −89.9% +4,335.7%
Buybacks −19.8 −13.1 −10.3 −4.1 n/a −42.4 −50.1 −5.1 −10.1 n/a
Dividends paid −10.2 −10.3 −10.5 −10.7 −0.1 n/a n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash10.3Total debt154.2Net cash (debt)−143.9Shareholders’ equity914.2Debt to equity0.17Fiscal year 2018Cash31.1Total debt177.2Net cash (debt)−146.1Shareholders’ equity936.3Debt to equity0.19Fiscal year 2019Cash21.3Total debt141.7Net cash (debt)−120.4Shareholders’ equity905.9Debt to equity0.16Fiscal year 2020Cash404.7Total debt600.0Net cash (debt)−195.3Shareholders’ equity902.6Debt to equity0.66Fiscal year 2021Cash51.8Total debt133.7Net cash (debt)−81.9Shareholders’ equity974.4Debt to equity0.14Fiscal year 2022Cash53.5Total debt98.9Net cash (debt)−45.4Shareholders’ equity1,034.5Debt to equity0.10Fiscal year 2023Cash68.4Total debt269.7Net cash (debt)−201.3Shareholders’ equity1,099.1Debt to equity0.25Fiscal year 2024Cash85.8Total debt985.4Net cash (debt)−899.6Shareholders’ equity1,189.8Debt to equity0.83Fiscal year 2025Cash96.5Total debt968.0Net cash (debt)−871.5Shareholders’ equity1,211.6Debt to equity0.80Fiscal year 2026Cash84.0Total debt893.9Net cash (debt)−809.9Shareholders’ equity1,703.8Debt to equity0.52
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 10.3 31.1 21.3 404.7 51.8 53.5 68.4 85.8 96.5 84.0
Total debt 154.2 177.2 141.7 600.0 133.7 98.9 269.7 985.4 968.0 893.9
Net cash (debt) −143.9 −146.1 −120.4 −195.3 −81.9 −45.4 −201.3 −899.6 −871.5 −809.9
Shareholders’ equity 914.2 936.3 905.9 902.6 974.4 1,034.5 1,099.1 1,189.8 1,211.6 1,703.8
Debt to equity 0.17 0.19 0.16 0.66 0.14 0.10 0.25 0.83 0.80 0.52

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending May, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 May 2017 FY2018 31 May 2018 FY2019 31 May 2019 FY2020 31 May 2020 FY2021 31 May 2021 FY2022 31 May 2022 FY2023 31 May 2023 FY2024 31 May 2024 FY2025 31 May 2025 FY2026 31 May 2026
Revenue and profit
1,590.8 1,748.3 2,051.8 2,072.0 1,652.3 1,820.0 1,990.5 2,318.9 2,780.5 3,308.0
Growth +9.9% +17.4% +1.0% −20.3% +10.1% +9.4% +16.5% +19.9% +19.0%
n/a n/a 1,722.3 n/a n/a 1,506.8 1,620.4 1,876.6 2,252.8 2,686.0
263.4 294.1 329.8 269.2 275.9 313.2 370.1 442.3 527.7 622.0
Growth +11.7% +12.1% −18.4% +2.5% +13.5% +18.2% +19.5% +19.3% +17.9%
179.0 208.1 215.4 220.6 182.4 202.2 230.4 312.2 347.7 349.3
n/a n/a n/a n/a n/a n/a 121.2 58.3 38.9 245.9
25.1 3.5 4.9 5.6 18.2 26.6 31.4 12.0 26.4 58.2
56.5 15.6 7.5 4.4 35.8 78.7 90.2 46.3 12.5 187.7
Growth −72.4% −51.9% −41.3% +713.6% +119.8% +14.6% −48.7% −73.0% +1,401.6%
Per share
1.66 0.44 0.20 0.12 1.01 2.20 2.56 1.30 0.35 4.88
1.64 0.41 0.21 0.13 1.00 2.17 2.53 1.29 0.35 4.86
Growth −75.0% −48.8% −38.1% +669.2% +117.0% +16.6% −49.0% −72.9% +1,288.6%
33.9 34.2 34.5 34.8 35.0 35.6 34.7 35.1 35.6 38.3
34.3 34.6 34.9 35.0 35.3 36.0 35.1 35.4 35.8 38.4
Growth +0.9% +0.9% +0.3% +0.9% +2.0% −2.5% +0.9% +1.1% +7.3%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 14.9% a year over five years, and earnings per share grew 37.2% a year.
  • The diluted share count rose 8.8% in five years, which is dilution.
  • Gross margin is up 2.1 points on five years ago, at 18.8%.
  • Profitable in every one of the 10 years on file.