AAR Financial Statements
NYSE: AIRIndustrialsAerospaceUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
AAR revenue and earnings
In fiscal 2026, AAR generated $3.31 billion in revenue, up 19.0% from fiscal 2025, its 5th consecutive year of revenue growth. Net income was $187.7 million (+1401.6% year over year), for a net margin of 5.7% versus a median of 2.2% in the prior 5 years. Gross margin was 18.8% (down from 19.0%).
Diluted earnings per share came in at $4.86, up from $0.35. Over the last 5 fiscal years, AIR's revenue has grown at a 14.9% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
AAR income statement (annual)
| Fiscal year (USD) | FY 20262026-05-31 | FY 20252025-05-31 | FY 20242024-05-31 | FY 20232023-05-31 | FY 20222022-05-31 | FY 20212021-05-31 | FY 20202020-05-31 | FY 20192019-05-31 | FY 20182018-05-31 | FY 20172017-05-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.31B | 2.78B | 2.32B | 1.99B | 1.82B | 1.65B | 2.07B | 2.05B | 1.75B | 1.59B |
| Revenue growth (YoY) | +18.97% | +19.91% | +16.50% | +9.37% | +10.15% | -20.26% | +0.98% | +17.36% | +9.90% | +4.29% |
| Cost of Revenue | 2.69B | 2.25B | 1.88B | 1.62B | 1.51B | — | — | 1.72B | 840.50M | 787.50M |
| Gross Profit | 622.00M | 527.70M | 442.30M | 370.10M | 313.20M | 275.90M | 269.20M | 329.80M | 294.10M | 263.40M |
| Selling, General & Admin | 349.30M | 347.70M | 312.20M | 230.40M | 202.20M | 182.40M | 220.60M | 215.40M | 208.10M | 179.00M |
| Interest Expense | 72.10M | 75.40M | 43.20M | 12.20M | 2.40M | 5.00M | 9.30M | 9.50M | 8.00M | 5.30M |
| Other Income (Expense) | -2.10M | -300.00K | -400.00K | -800.00K | 2.20M | 4.30M | -2.10M | -800.00K | -900.00K | — |
| Pretax Income | 245.90M | 38.90M | 58.30M | 121.20M | — | — | — | — | — | — |
| Income Tax | 58.20M | 26.40M | 12.00M | 31.40M | 26.60M | 18.20M | 5.60M | 4.90M | 3.50M | 25.10M |
| Net Income | 187.70M | 12.50M | 46.30M | 90.20M | 78.70M | 35.80M | 4.40M | 7.50M | 15.60M | 56.50M |
| Net Income growth (YoY) | +1401.60% | -73.00% | -48.67% | +14.61% | +119.83% | +713.64% | -41.33% | -51.92% | -72.39% | +18.45% |
| EPS (Basic) | 4.88 | 0.35 | 1.30 | 2.56 | 2.20 | 1.01 | 0.12 | 0.20 | 0.44 | 1.66 |
| EPS (Diluted) | 4.86 | 0.35 | 1.29 | 2.53 | 2.17 | 1.00 | 0.13 | 0.21 | 0.41 | 1.64 |
| Shares Outstanding (Basic) | 38.30M | 35.60M | 35.10M | 34.70M | 35.60M | 35.00M | 34.80M | 34.50M | 34.20M | 33.90M |
| Shares Outstanding (Diluted) | 38.40M | 35.80M | 35.40M | 35.10M | 36.00M | 35.30M | 35.00M | 34.90M | 34.60M | 34.30M |
| Gross Margin | 18.80% | 18.98% | 19.07% | 18.59% | 17.21% | 16.70% | 12.99% | 16.07% | 16.82% | 16.56% |
| Net Margin | 5.67% | 45.00% | 2.00% | 4.53% | 4.32% | 2.17% | 21.00% | 37.00% | 89.00% | 3.55% |
This table shows 10 annual periods of AAR's income statement, from FY 2026 back to FY 2017, across 15 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow AIR's reporting calendar. What is a income statement?