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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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TTENK/calls
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Home›AIR›Financials
Annual statements · SEC XBRL · FY2016 – FY2025

AAR CORP (AIR) financials

Income statement

AAR CORP (AIR) income statement, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$1.53B$1.59B$1.75B$2.05B$2.07B$1.65B$1.82B$1.99B$2.32B$2.78B
Revenue growth—4.3%9.9%17.4%1.0%-20.3%10.1%9.4%16.5%19.9%
Gross profit$233M$263M$294M$330M$269M$276M$313M$370M$442M$528M
Gross margin15.3%16.6%16.8%16.1%13.0%16.7%17.2%18.6%19.1%19.0%
Net income$47.7M$56.5M$15.6M$7.50M$4.40M$35.8M$78.7M$90.2M$46.3M$12.5M
Net margin3.1%3.6%0.9%0.4%0.2%2.2%4.3%4.5%2.0%0.4%
EPS (diluted)$1.37$1.64$0.41$0.21$0.13$1.00$2.17$2.53$1.29$0.35

Cash flow

AAR CORP (AIR) cash flow, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$32.1M$21.8M$64.3M$67.4M-$36.1M$105M$75.2M$23.3M$43.6M$36.1M
Capital expenditures$40.1M$25.2M$22.0M$17.4M$23.6M$11.3M$17.3M$29.5M$29.7M$34.7M
Free cash flow-$8.00M-$3.40M$42.3M$50.0M-$59.7M$93.9M$57.9M-$6.20M$13.9M$1.40M
Share buybacks$18.8M$19.8M$13.1M$10.3M$4.10M—$42.4M$50.1M$5.10M$10.1M
Dividends paid$10.4M$10.2M$10.3M$10.5M$10.7M$100K————

Balance sheet

AAR CORP (AIR) balance sheet, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$31.2M$10.3M$31.1M$21.3M$405M$51.8M$53.5M$68.4M$85.8M$96.5M
Total assets$1.46B$1.50B$1.52B$1.52B$2.08B$1.54B$1.57B$1.83B$2.77B$2.84B
Total liabilities———————$1.80M——
Long-term debt$136M$154M$177M$142M$600M$134M$98.9M$270M$985M$968M
Shareholders' equity$866M$914M$936M$906M$903M$974M$1.03B$1.10B$1.19B$1.21B
Retained earnings$682M$728M$733M$710M$706M$742M$820M$911M$957M$969M
Shares (wtd avg diluted)34.6M34.3M34.6M34.9M35.0M35.3M36.0M35.1M35.4M35.8M

Every figure is extracted from AAR CORP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is AAR CORP's annual revenue?
AAR CORP (AIR) reported $2.78B of revenue for fiscal year 2025 — up 19.9% from $2.32B in FY2024, per its annual report filed with the SEC.
Is AAR CORP profitable?
Yes — AIR earned $12.5M of net income in FY2025, a 0.4% net margin, per SEC filings.
What is AAR CORP's free cash flow?
$1.40M in FY2025 (operating cash flow $36.1M minus $34.7M of capital expenditures), from the SEC cash-flow statement.
Does AIR pay a dividend?
AAR CORP reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full AIR analysis — verdict, score & filings →Is AIR a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.