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AAR Corp. (AIR)
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AAR Corp. Income Statement 2026-2008 | AIR
Brief overview of financial results at AAR Corp.
The figures are compared over a five-year interval. Revenue reported by AAR Corp. was $2.1 billion at the beginning of the period and $2.8 billion at the end. Overall revenue changed by +34.2%, equal to an annualized rate of about 6.1%. Revenue advanced gradually over the five-year period.
Gross profit changed from 269 million dollars to 528 million dollars (+96%). Comparing the endpoints gives gross margins of 13% and 19%. Improving gross profitability strengthens the quality of revenue growth.
EBITDA was 86.9 million dollars at the beginning and 55.2 million dollars at the end of the period (−36.5%). Operating performance weakened relative to revenue. Comparing the endpoints gives EBITDA margins of 4.2% and 2%. The margin contraction indicates weaker operating efficiency.
Over the period, net income shifted from 4.4 million dollars to 12.5 million dollars (+184.1%). Net income grew faster than revenue, indicating improved overall efficiency.
Market value was 719 million dollars at the start and 3.7 billion dollars at the end. Capitalization moved ahead of the business fundamentals.
What the figures show
The financial profile remains mixed, with strengths and risks moving in different directions. The constructive conclusion rests on better sales economics, sales growth and a stronger final result. Caution is warranted because of limited operating profitability and pressure on operating profitability. Investors should continue to monitor margins, costs, and earnings quality.
Annual Income Statement AAR Corp.
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
4.21 B | 3.72 B | 3.67 B | 2.08 B | 2.13 B | 1.57 B | 719 M | 1.27 B | 1.59 B | 1.18 B | 803 M | 1.25 B | 1.06 B | 842 M | 523 M | 1.04 B | 702 M | - | - |
Shares |
38.3 M | 35.6 M | 35.1 M | 34.7 M | 35.6 M | 35 M | 34.8 M | 34.5 M | 34.2 M | 33.9 M | 34.4 M | 39.1 M | 38.6 M | 38.3 M | 38.8 M | 38.4 M | 38.2 M | - | - |
Historical Prices |
110 | 105 | 105 | 59.8 | 59.8 | 44.9 | 39.8 | 34.5 | 36.2 | 41.9 | 33.6 | 20.5 | 28 | 27.2 | 16.3 | 20.1 | 18.4 | 15.6 | 18.9 |
Net Income |
188 M | 12.5 M | 46.3 M | 90.2 M | 78.7 M | 35.8 M | 4.4 M | 7.5 M | 15.6 M | 56.5 M | 47.7 M | 10.2 M | 72.9 M | 55 M | 67.7 M | 69.8 M | 16.8 M | 56.8 M | - |
Revenue |
3.31 B | 2.78 B | 2.32 B | 1.99 B | 1.82 B | 1.65 B | 2.07 B | 2.05 B | 1.75 B | 1.77 B | 1.66 B | 1.59 B | 2.04 B | 2.14 B | 2.06 B | 1.78 B | - | - | - |
Cost of Revenue |
2.69 B | 2.25 B | 1.88 B | 1.62 B | 1.51 B | - | - | 1.72 B | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
622 M | 528 M | 442 M | 370 M | 313 M | 276 M | 269 M | 330 M | 295 M | 276 M | 237 M | 159 M | 340 M | 314 M | 322 M | 308 M | 74.2 M | - | - |
Interest Expense |
-2.1 M | -300 K | -400 K | -800 K | 2.4 M | 5 M | 9.3 M | 9.5 M | 8 M | 5.3 M | 6.4 M | 27.2 M | 28.3 M | 29.1 M | 37.7 M | 30.7 M | 26.8 M | 31.4 M | - |
EBITDA |
72.1 M | 55.2 M | 40.2 M | 27.2 M | 33.1 M | 36.3 M | 86.9 M | 141 M | 126 M | 151 M | 137 M | 112 M | 256 M | 224 M | 215 M | 203 M | 38.9 M | 40.1 M | - |
Operating Expenses |
- | - | - | - | - | - | 226 M | 231 M | 209 M | 197 M | 171 M | 171 M | 198 M | 198 M | 188 M | 165 M | - | - | - |
General and Administrative Expenses |
349 M | 348 M | 312 M | 230 M | 202 M | 182 M | 221 M | 215 M | 209 M | 197 M | 171 M | 171 M | 198 M | 198 M | 189 M | 174 M | 153 M | 139 M | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement AAR Corp.
| 2027-Q1 | 2026-Q4 | 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
35.7 M | - | 39.3 M | 37.8 M | 35.7 M | - | 35.4 | 35.2 M | 35.2 M | - | 35.2 M | 34.9 M | 34.8 M | 34.9 M | 34.7 M | 34.2 M | 34.1 M | 34.2 M | 34.9 M | 34.6 M | 35.1 M | 35.1 M | 35.1 M | 35.1 M | 35 M | 34.9 M | 34.9 M | 34.9 M | 34.9 M | 34.6 M | 34.7 M | 34.6 M | 34.7 M | 34.6 M | 34.6 M | 34.6 M | 34.6 M | 34 M | 34 M | 34 M | 34 M | 33.7 M | 33.9 M | 33.7 M | 33.9 M | 34.4 M | 34.7 M | 34.4 M | 34.7 M | 38.7 M | 38.8 M | 38.7 M | 38.8 M | 38.6 M | 38.6 M | 38.6 M | 38.6 M | 38.2 M | 38.5 M | 38.2 M | 38.5 M | 38.7 M | 38.9 M | 38.7 M | 38.9 M |
Net Income |
34.4 M | - | 68 M | 34.6 M | 34.4 M | - | -8.9 M | -30.6 M | 18 M | - | 18 M | 23.8 M | 14 M | 23.8 M | -600 K | 22.5 M | 21.8 M | 22.5 M | 22.7 M | 45.2 M | 22.5 M | 20.8 M | 11.5 M | 32.3 M | 28.1 M | 8.2 M | -14.5 M | 8.2 M | -14.5 M | 14.2 M | 4.4 M | 14.2 M | 4.4 M | 7 M | 15.1 M | 7 M | 15.1 M | -22.5 M | 10.6 M | -22.6 M | 10.6 M | 12.1 M | 9.5 M | 12.1 M | 9.5 M | 8 M | 22.9 M | 8 M | 22.9 M | 15.2 M | 14.4 M | 15.2 M | 14.4 M | 20 M | 17.9 M | 20 M | 17.9 M | 17.8 M | 18.2 M | 17.8 M | 18.2 M | 17.6 M | 16.6 M | 21.4 M | 17.9 M |
Revenue |
740 M | - | 845 M | 795 M | 740 M | - | 678 M | 686 M | 662 M | - | 662 M | 545 M | 567 M | 545 M | 550 M | 470 M | 521 M | 470 M | 446 M | -1.3 M | 452 M | 20.8 M | 11.5 M | -600 K | 410 M | -100 K | -100 K | -100 K | 9.8 M | 561 M | 542 M | 561 M | 542 M | 493 M | 466 M | 474 M | 456 M | 421 M | 398 M | 450 M | 439 M | 371 M | 362 M | 424 M | 405 M | 432 M | 387 M | 424 M | 378 M | 403 M | 395 M | 490 M | 469 M | 459 M | 430 M | 541 M | 514 M | 513 M | 550 M | 513 M | 550 M | 482 M | 486 M | 476 M | 479 M |
Cost of Revenue |
606 M | - | 690 M | 638 M | 606 M | - | 546 M | 558 M | 544 M | - | 544 M | 442 M | 457 M | 442 M | 448 M | - | 427 M | 384 M | 364 M | - | - | - | - | - | - | - | - | - | - | - | - | - | 444 M | 415 M | 395 M | 810 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
134 M | - | 155 M | 157 M | 134 M | - | 132 M | 129 M | 117 M | - | 117 M | 103 M | 110 M | 103 M | 101 M | 85.8 M | 94.3 M | 85.8 M | 81.9 M | 168 M | 80.4 M | 78.4 M | 64.6 M | 143 M | 86 M | 69.5 M | 48.6 M | 69.5 M | 48.6 M | 85.9 M | 81.6 M | 85.9 M | 81.6 M | 78.3 M | 71.2 M | 78.3 M | 71.2 M | 70.7 M | 61.6 M | 20.9 M | 64.5 M | 59.5 M | 59.5 M | 66.2 M | 61.5 M | 59.1 M | 53.9 M | 59.9 M | 54.5 M | 67.2 M | 62.4 M | 78.5 M | 75.3 M | 77.4 M | 71.8 M | 91 M | 84.7 M | 87.4 M | 90.3 M | 87.4 M | 90.3 M | 78.6 M | 75.7 M | 77.2 M | 74.8 M |
Interest Expense |
-100 K | - | -700 K | -200 K | -100 K | - | -100 K | -200 K | -100 K | - | -100 K | 6.2 M | 11.9 M | 6.2 M | 5.8 M | 2.1 M | 3.8 M | 2.1 M | 1.1 M | 3.2 M | 600 K | 500 K | 700 K | 1.2 M | 1.1 M | 1.3 M | 1.7 M | 1.3 M | 1.7 M | 1.9 M | 2.2 M | 1.9 M | 2.2 M | 2.5 M | 2.1 M | 2.5 M | 2.1 M | 1.9 M | 1.7 M | 2 M | 1.7 M | 1.2 M | 1.3 M | 1.2 M | 1.3 M | 1.5 M | 2 M | 1.5 M | 2 M | 6.6 M | 6.4 M | 9.6 M | 9.6 M | 10.5 M | 11 M | 10.5 M | 11 M | 10.8 M | 10.6 M | 10.8 M | 10.6 M | 7.8 M | 7.5 M | 7.87 M | 7.52 M |
EBITDA |
13.8 M | - | 51.1 M | 30.9 M | 13.8 M | - | 41.5 M | 28.8 M | 14.2 M | - | 13.5 M | 17.1 M | - | - | 8.4 M | 13.3 M | - | - | 6.8 M | 13.3 M | - | - | 8.9 M | 17.8 M | - | - | 9 M | 18.2 M | 9 M | - | 10.8 M | 21.8 M | 10.8 M | - | 10.1 M | 20.5 M | 10.1 M | - | 10.2 M | 28.5 M | 14.6 M | - | 12.4 M | 24.3 M | 12.4 M | - | 13.2 M | 25 M | 12.7 M | - | 13.2 M | 34.9 M | 17.1 M | - | 19.3 M | 39.2 M | 19.3 M | - | 20.3 M | 40.6 M | 20.3 M | - | 15.8 M | 34.9 M | 16.7 M |
General and Administrative Expenses |
71.8 M | - | 89.8 M | 88.7 M | 71.2 M | - | 61.3 M | 133 M | 75.9 M | - | 75.9 M | 65.7 M | 77 M | 65.7 M | 74.7 M | 52.8 M | 56.7 M | 52.8 M | 50.1 M | 103 M | 48.9 M | 47.1 M | 49.3 M | 96.4 M | 44.9 M | 43.4 M | 45.3 M | 43.4 M | 45.3 M | 57.1 M | 58.1 M | 57.1 M | 58.1 M | 49.1 M | 48.2 M | 49.1 M | 48.8 M | 48.8 M | 44.5 M | 52.2 M | 48 M | 46.3 M | 44.8 M | 46.3 M | 44.8 M | 43.1 M | 40 M | 42.5 M | 39.4 M | 40.1 M | 38.5 M | 47.1 M | 44.9 M | 51.1 M | 47.7 M | 51.1 M | 47.7 M | 50.8 M | 53.3 M | 50.8 M | 53.3 M | 44.6 M | 43.1 M | 43.1 M | 41.7 M |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company AAR Corp. (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.