Aar Corp (AIR) financials
Aar revenue and earnings by year
Aar's revenue was $3.31 billion in the fiscal year to May 31, 2026, up 19.0% from the year before. Net income was $188 million, 5.7% of revenue. Since the fiscal year to May 31, 2017, revenue has grown 8.5% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | May 2026 | May 2025 | May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.31 | 2.78 | 2.32 | 1.99 | 1.82 | 1.65 | 2.07 | 2.05 | 1.75 | 1.59 |
| Revenue growth | 19.0% | 19.9% | 16.5% | 9.4% | 10.1% | -20.3% | 1.0% | 17.4% | 9.9% | — |
| Gross profit | 0.62 | 0.53 | 0.44 | 0.37 | 0.31 | 0.28 | 0.27 | 0.33 | 0.29 | 0.26 |
| Gross margin | 18.8% | 19.0% | 19.1% | 18.6% | 17.2% | 16.7% | 13.0% | 16.1% | 16.8% | 16.6% |
| Operating income | 0.27 | 0.18 | 0.10 | 0.14 | 0.11 | 0.09 | 0.04 | 0.10 | 0.09 | 0.08 |
| Operating margin | 8.2% | 6.5% | 4.5% | 7.0% | 6.1% | 5.1% | 2.1% | 4.8% | 4.9% | 5.2% |
| Net income | 0.19 | 0.01 | 0.05 | 0.09 | 0.08 | 0.04 | 0.00 | 0.01 | 0.02 | 0.06 |
| Net margin | 5.7% | 0.4% | 2.0% | 4.5% | 4.3% | 2.2% | 0.2% | 0.4% | 0.9% | 3.6% |
| Diluted EPS | $4.86 | $0.35 | $1.29 | $2.53 | $2.17 | $1.00 | $0.12 | $0.20 | $0.42 | $1.65 |
| Free cash flow | 0.06 | 0.00 | 0.01 | -0.01 | 0.06 | 0.09 | -0.06 | 0.05 | 0.04 | -0.00 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open AIR in Markets.
How Aar makes money
Revenue by segment in the quarter to August 31, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Product | $604M | 65.8% |
| Services | $314M | 34.2% |
See also: AIR valuation and P/E history · AIR returns
No forecast, no recommendation. This page describes Aar Corp from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.