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AIR Financials Aar Corp

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 6.1% per year over the past 5 years.
  • Net income has grown faster than revenue (23.2% vs 6.1% per year).

Financial health

  • Total debt ($968M) exceeds cash ($97M); net debt is $872M.
  • Total debt has grown faster than revenue (10.0% vs 6.1% per year).
Revenue & net income
$0 $1B $3B 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 10% 19% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$85M $20M $125M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $493M $985M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$759M -$15M $729M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $2.8B $13M 19.0% 0.0% $1M $968M $97M
2024 $2.3B $46M 19.1% 0.0% $14M $985M $86M
2023 $2.0B $90M 18.6% 0.0% -$6M $272M $68M
2022 $1.8B $79M 17.2% 0.0% $58M $100M $54M
2021 $1.7B $36M 16.7% 0.0% $94M $135M $52M
2020 $2.1B $4M 13.0% 0.0% -$60M $602M $405M
2019 $2.1B $8M 16.1% 0.0% $50M $143M $21M
2018 $1.7B $16M 16.8% 0.0% $42M $179M $31M
2017 $1.6B $57M 16.6% 0.0% -$3M $156M $10M
2016 $48M -$8M $150M $31M
2015 $10M -$85M $154M $55M
2014 $73M $119M $154M $89M
2013 $55M $125M $709M $75M
2012 $68M $3M $792M $68M
2011 $70M -$16M $425M $57M

Valuation over time

How the market has priced AIR against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 220.5 441.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 1.0 2.0 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is AIR growing its revenue and profit?

Over the past 5 years, Aar Corp's revenue has grown 6.1% per year, and net income grown 23.2% per year. These are computed facts, not advice.

How much debt does AIR have?

As of FY2025, Aar Corp reported $968M of total debt against $97M of cash.

What is AIR's profit margin?

In FY2025, gross margin was 19.0%, operating margin —, and net margin 0.4%.

What is AIR's P/E ratio?

As of Jun '26, Aar Corp traded at a price-to-earnings ratio of about 441.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.