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AIR Financials Aar Corp

15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 14.9% per year over the past 5 years.
  • Net income has grown faster than revenue (39.3% vs 14.9% per year).
  • Free cash flow has declined 7.9% per year over the past 5 years.

Financial health

  • Total debt ($894M) exceeds cash ($84M); net debt is $810M.
  • Total debt has grown faster than revenue (45.9% vs 14.9% per year).
Revenue & net income
$0 $2B $3B 2012 2014 2016 2018 2020 2022 2024 2026
RevenueNet income
Margins (gross / operating / net)
0% 10% 19% 2012 2014 2016 2018 2020 2022 2024 2026
GrossOperatingNet
Return on equity & assets (ROE / ROA)
0% 6% 11% 2012 2014 2016 2018 2020 2022 2024 2026
ROEROA
Free cash flow (CFO − capex)
-$85M $20M $125M $0 2012 2014 2016 2018 2020 2022 2024 2026
Free cash flow
Cash vs total debt
$0 $493M $985M 2012 2014 2016 2018 2020 2022 2024 2026
CashTotal debt
Cash flow: operating / investing / financing
-$759M -$15M $729M $0 2012 2014 2016 2018 2020 2022 2024 2026
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2026 $3.3B $188M 18.8% 0.0% 11.0% 5.6% $62M $894M $84M
2025 $2.8B $13M 19.0% 0.0% 1.0% 0.4% $1M $968M $97M
2024 $2.3B $46M 19.1% 0.0% 3.9% 1.7% $14M $985M $86M
2023 $2.0B $90M 18.6% 0.0% 8.2% 4.9% -$6M $272M $68M
2022 $1.8B $79M 17.2% 0.0% 7.6% 5.0% $58M $100M $54M
2021 $1.7B $36M 16.7% 0.0% — 2.3% $94M $135M $52M
2020 $2.1B $4M 13.0% 0.0% — 0.2% -$60M $602M $405M
2019 $2.1B $8M 16.1% 0.0% — 0.5% $50M $143M $21M
2018 $1.7B $16M 16.8% 0.0% — 1.0% $42M $179M $31M
2017 $1.6B $57M 16.6% 0.0% — 3.8% -$3M $156M $10M
2016 — $48M — — — 3.3% -$8M $150M $31M
2015 — $10M — — 1.2% 0.7% -$85M $154M $55M
2014 — $73M — — 7.3% 3.4% $119M $154M $89M
2013 — $55M — — 6.0% 2.6% $125M $709M $75M
2012 — $68M — — 7.8% 3.1% $3M $792M $68M

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)
0.0 188.5 377.0 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 0.9 1.7 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is AIR growing its revenue and profit?

Over the past 5 years, Aar Corp's revenue has grown 14.9% per year, and net income grown 39.3% per year. These are computed facts, not advice.

How much debt does AIR have?

As of FY2026, Aar Corp reported $894M of total debt against $84M of cash.

What is AIR's profit margin?

In FY2026, gross margin was 18.8%, operating margin —, and net margin 5.7%.

What is AIR's P/E ratio?

Aar Corp's P/E (TTM) is 22.58 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the AIR stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 23.3× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.