AAR financials
$106.75−7.25%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY26 May 31 | FY25 May 31 | FY24 May 31 | FY23 May 31 | FY22 May 31 | FY21 May 31 | FY20 May 31 | FY19 May 31 | FY18 May 31 | FY17 May 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.31B | $2.78B | $2.32B | $1.99B | $1.82B | $1.65B | $2.07B | $2.05B | $1.75B | $1.59B |
| Gross profit | $622.0M | $527.7M | $442.3M | $370.1M | $313.2M | $275.9M | $269.2M | $329.8M | $294.1M | $263.4M |
| Gross margin | 18.8% | 19.0% | 19.1% | 18.6% | 17.2% | 16.7% | 13.0% | 16.1% | 16.8% | 16.6% |
| Operating income | $270.6M | $179.8M | $102.7M | $137.1M | $109.8M | $85.0M | $43.2M | $98.3M | $85.5M | $82.3M |
| Net income | $187.7M | $12.5M | $46.3M | $90.2M | $78.1M | $35.4M | $4.3M | $7.1M | $15.0M | $56.0M |
| Net margin | 5.7% | 0.4% | 2.0% | 4.5% | 4.3% | 2.1% | 0.2% | 0.3% | 0.9% | 3.5% |
| Diluted EPS | $4.86 | $0.35 | $1.29 | $2.53 | $2.17 | $1.00 | $0.13 | $0.21 | $0.41 | $1.64 |
| EBITDA | $342.7M | $235.0M | $142.9M | $164.3M | $142.9M | $121.3M | $86.9M | $141.1M | $126.0M | $118.0M |
| Operating cash flow | $98.7M | $36.1M | $43.6M | $23.3M | $75.2M | $105.2M | -$36.1M | $67.4M | $64.3M | $21.8M |
| Free cash flow | $62.1M | $1.4M | $13.9M | -$6.2M | $57.9M | $93.9M | -$59.7M | $50.0M | $42.3M | -$3.4M |
| Diluted shares | 38.4M | 35.8M | 35.4M | 35.1M | 36.0M | 35.3M | 35.0M | 34.9M | 36.6M | 34.3M |
Balance sheet
| Period end | May 31 | May 31 | May 31 | May 31 | May 31 | May 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $84.0M | $96.5M | $85.8M | $68.4M | $53.5M | $51.8M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — |
| Total debt | $893.9M | $968.0M | $985.4M | $269.7M | $98.9M | $133.7M |
| Total assets | $3.36B | $2.84B | $2.77B | $1.83B | $1.57B | $1.54B |
| Total liabilities | $1.65B | $1.63B | $1.58B | $734.0M | $539.4M | $565.3M |
| Shareholders' equity | $1.70B | $1.21B | $1.19B | $1.10B | $1.03B | $974.4M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology