AIR
AAR CORP
Next earnings Jul 14, 2026 (after close) · consensus $1.39 EPS, $903M rev
Last earnings +4.2% on 2026-03-24
$143.14
▲ +3.34%$143.14▲ +109.36%
over 1Y
L $67.26EODHDH $143.14
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+3.3%
1W+6.6%
1M+26.9%
3M+33.5%
YTD+69.5%
1Y+109.4%
Hold
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 11 analysts
Buy
Aviation-aftermarket growth is humming (revenue +20%), but net income collapsed to near zero and cash conversion is weak.
Revenue (FY2025) $2.78B · FY2025
The read
Middling fundamentals and a rich price (~98% above fair value) leave little margin of safety — a wait-and-see.
AAR Corp is an aviation aftermarket services company — MRO, parts supply/distribution and integrated solutions — riding a strong commercial aerospace upcycle. The top line is robust: FY2025 revenue grew 19.9% to $2.78B and gross profit rose 19.3% to $528M, holding a steady 19.0% gross margin. That reflects healthy aftermarket demand plus contribution from acquisitions (notably the expanded parts-support business). Revenue has compounded impressively from $1.65B in FY2021 to $2.78B in FY2025.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.65B | $1.82B | $1.99B | $2.32B | $2.78B |
| Gross profit | $276M | $313M | $370M | $442M | $528M |
| Operating income | — | — | — | — | — |
| Net income | $35.8M | $78.7M | $90.2M | $46.3M | $12.5M |
| Diluted EPS | $1.00 | $2.17 | $2.53 | $1.29 | $0.35 |
| Net margin | 2.2% | 4.3% | 4.5% | 2.0% | 0.4% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$6.00B
EV / EBITDA—
EV / Sales2.2
EV / FCF4287.7
P / FCF3665.2
PEG (trailing)—
Earnings yield0.2%
FCF yield0.0%
Quality & risk
ROIC (est.)—
Free cash flow$1.40M
Total debt$968M
Net cash-$872M
Piotroski F-Score5/9
Capital returns
Buyback yield0.2%
Dividend yield (est.)0.0%
Shareholder yield0.2%
Shares Δ YoY+0.4%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-02open ↗4Period ending 2026-06-012026-06-02open ↗4Period ending 2026-06-012026-06-02open ↗4Period ending 2026-06-012026-06-02open ↗4Period ending 2026-06-012026-06-02open ↗4Period ending 2026-06-012026-06-02open ↗4Period ending 2026-06-012026-06-02open ↗4Period ending 2026-06-012026-06-02open ↗4Period ending 2026-05-292026-06-01open ↗
Frequently asked
- Is AAR CORP (AIR) a buy?
- AIR currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Aviation-aftermarket growth is humming (revenue +20%), but net income collapsed to near zero and cash conversion is weak.
- What is AIR's fair value?
- A Modified-Graham model based on AIR's SEC fundamentals estimates a fair value of about $2.54. It is an estimate from reported earnings, not a price target.
- Is AIR overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, AIR currently appears overvalued relative to its SEC-grounded earnings power.
- What is AAR CORP's quality score?
- AIR scores 56.97058823529411/100 (grade C) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000001750, latest 10-Q filed 2026-03-25) · EODHD · analysis by claude-code · as of 6/21/2026, 9:01:21 PM.
Research and education only — not financial advice. EDGAR is 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 EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.