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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
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
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Feb '26
$845M
$68M
18.3%
0.0%
$66M
$888M
$79M
Nov '25
$795M
$35M
19.7%
0.0%
$6M
$953M
$76M
Aug '25
$740M
$34M
18.1%
0.0%
-$54M
$1.0B
$80M
May '25
$755M
$34M
19.9%
0.0%
$41M
$968M
$97M
Feb '25
$678M
-$9M
19.4%
0.0%
-$27M
$1.0B
$84M
Nov '24
$686M
-$31M
18.7%
0.0%
$14M
$987M
$62M
Aug '24
$662M
$18M
17.7%
0.0%
-$27M
$981M
$49M
May '24
$657M
$9M
19.4%
0.0%
$17M
$985M
$86M
Feb '24
$567M
$14M
19.4%
0.0%
$15M
$275M
$69M
Nov '23
$545M
$24M
19.0%
0.0%
$10M
$277M
$65M
Aug '23
$550M
-$600000
18.4%
0.0%
-$28M
$307M
$70M
May '23
$553M
$23M
19.5%
0.0%
$38M
$272M
$68M
Feb '23
$521M
$22M
18.1%
0.0%
$8M
$186M
$53M
Nov '22
$470M
$23M
18.3%
0.0%
-$52M
$197M
$49M
Aug '22
$446M
$23M
18.4%
0.0%
$100000
$114M
$44M
May '22
$476M
$24M
18.9%
0.0%
$33M
$100M
$54M
Feb '22
$452M
$23M
17.8%
0.0%
$12M
$105M
$41M
Nov '21
$437M
$21M
18.0%
0.0%
$13M
$105M
$43M
Aug '21
$455M
$12M
14.2%
0.0%
$700000
$129M
$49M
May '21
$438M
$14M
16.4%
0.0%
$20M
$135M
$52M
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.
The price-to-earnings ratio has risen from 27.5× (Mar '23) to 441.1× (Jun '26).
The price-to-sales ratio has risen from 1.2× (Mar '23) to 2.0× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
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.