AIR · NYSE
AAR Corp.
Aerospace & Defense · United States
- Market cap (USD)
- US$4.54B
- Trailing P/E
- 23.20x
- Forward P/E
- 17.24x
- Quarterly revenue growth
- 23.0%
- Trailing net margin
- 5.7%
- Indicated dividend yield
- —
Snapshot 2026-09-20 · Latest financial period 2026-05-31 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2026-09-29 (provider estimate, not issuer-confirmed).
Company background
AAR Corp. provides products and services to commercial aviation, government, and defense markets in North America, Europe, Africa, Asia, and internationally. It operates through four segments: Parts Supply; Repair, Engineering, and Software; Government Solutions; and Legacy Commercial Programs. The company sells and leases used serviceable material and aftermarket distribution of new, and original equipment manufacturers supplied replacement parts. It also provides airframe maintenance, repair, and overhaul (MRO) services, such as airframe inspection, painting services, line maintenance, airframe modifications, structural repairs, avionics service and installation, exterior and interior refurbishment and engineering services, and support for various commercial and military aircraft; component MRO services, including repair and overhaul services, engine and airframe accessories, and interior refurbishment; software solutions comprising cloud-based, mobile, and AI-enabled aviation aftermarket software; develops PMA parts for aftermarket applications; and designs proprietary designated engineering representative repairs. In addition, the company designs, manufactures, and repairs transportation pallets; offers fleet management and operations of customer-owned aircraft; provision of supply chain logistics services, such as material planning, sourcing, logistics, information and program management, and parts and component repair and overhaul services; and engineering, design, and system integration services for specialized command and control systems. Further, it provides asset-heavy flight hour-based component pool and repair programs for commercial airlines and distribution of consumables and expendables inventory. Additionally, it offers containers and shelters for military and humanitarian tactical deployment activities; and shelters, such as stationary and vehicle-mounted applications. AAR Corp. was founded in 1951 and is headquartered in Wood Dale, Illinois.
Company websiteQ4 FY2026
Go beyond the headline.
AAR Corp Stock: Record Year, Adjusted EPS +32% — But We Say HOLD (AIR Q4 FY2026)
Published 2026-07-21
Short takes Q4 FY2026
AAR Corp: Record Year, But We Say HOLD (AIR) #stocks #investing
Watch Short on YouTube
Comparable businesses
AIR peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
No suitable peers with fresh, comparable size data are available. We have not substituted unrelated companies.
| Metric | AIRAAR Corp.Snapshot 2026-09-20Financial period: 2026-05-31 |
|---|---|
| Market capMarket value, converted to USD | US$4.54B |
| Forward P/EProvider forward earnings estimate | 17.24x |
| EV / EBITDAEnterprise value / trailing EBITDA | 15.64x |
| Revenue growthLatest quarter vs prior-year quarter | 23.0% |
| Operating marginLatest reported quarter | 8.4% |
| Free cash flow yieldTrailing cash flow / market cap | -1.1% |
| Net debt / EBITDANet debt / trailing EBITDA | 2.70x |
| Debt / equityTotal debt / positive book equity | 0.59x |
| Trailing P/ETrailing twelve-month earnings | 23.20x |
| Price / bookPrice / positive book equity per share | 2.61x |
| EV / salesEnterprise value / trailing revenue | 1.62x |
| Earnings growthLatest quarter vs prior-year quarter | 32.3% |
| Gross marginTrailing twelve months | 18.8% |
| Net marginTrailing twelve months | 5.7% |
| Return on equityProvider trailing return; positive equity only | 12.9% |
| Free cash flow marginTrailing free cash flow / revenue | -1.5% |
| Dividend yieldIndicated annual dividend / price | — |
| Earnings payoutProvider trailing dividend payout | 0.0% |
| Current ratioCurrent assets / current liabilities | 2.84x |
| BetaProvider historical market sensitivity | 1.11 |
Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Financial trends
Periods are grouped by their ending calendar year or quarter, not identical fiscal calendars. Exact period-end dates appear in tooltips and reported figures. When reporting currencies differ and a recent captured FX rate is available, money and EPS are normalized to USD for comparison. This is not a historical FX restatement. Gaps are not estimated.
Financial statements load separately from the research page.
Source: . Window ends at the latest available reporting period.
Revenue
Reported figures
Financial data & calculation notes
Standalone charts use the stated reporting currency. When a chart comparison spans currencies, money and EPS can be normalized to USD using a recent captured FX snapshot; this is for comparison only, not a historical FX restatement. Stock-based compensation is noncash. Free cash flow is operating cash flow less capital spending, which may include capitalized software. Missing metrics are not estimated or assumed to be zero. Banking and insurance ratios require industry-specific interpretation. Latest restatements may differ from figures in older episodes.
Market context
Valuation & price history
Adjusted closing price
Price history loads separately.
Price figures
Earnings-multiple scenario
Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for AIR
Q4 FY20262026-07-21
AAR Corp Stock: Record Year, Adjusted EPS +32% — But We Say HOLD (AIR Q4 FY2026)
Presentation · 2026-07-21 · YouTube
Short takes Q4 FY2026
AAR Corp: Record Year, But We Say HOLD (AIR) #stocks #investing
Watch Short on YouTube