AAR Corp. (AIR)

AAR Corp. Income Statement

Financials in millions USD. Fiscal year is June - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 30, 2025	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021
Revenue	2,968	2,781	2,319	1,991	1,820	1,652
Revenue Growth (YoY)	15.40%	19.91%	16.50%	9.37%	10.15%	-20.26%
Cost of Revenue	2,395	2,253	1,877	1,620	1,507	1,424
Gross Profit	572.5	527.7	442.3	370.1	313.2	228.4
Selling, General & Admin	298.1	347.2	290.7	229.8	200.9	183.1
Operating Expenses	300.1	347.4	291.4	232.4	202.1	191.6
Operating Income	272.4	180.3	150.9	137.7	111.1	36.8
Interest Expense	-75.2	-75.4	-43.2	-12.2	-2.4	-5
Interest & Investment Income	1.6	1.8	2.2	1	0.1	0.2
Earnings From Equity Investments	4.1	5.4	-0.2	-3.2	-2.9	0.2
Other Non Operating Income (Expenses)	-0.8	-0.8	-0.9	-1.4	0.9	4
EBT Excluding Unusual Items	202.1	111.3	108.8	121.9	106.8	36.2
Merger & Restructuring Charges	-	-	-21	-	-	-
Gain (Loss) on Sale of Assets	-70.5	-72.4	-2.8	-0.7	-1.7	-20.2
Other Unusual Items	-	-	-26.7	-	-	48.5
Pretax Income	131.6	38.9	58.3	121.2	105.1	64.5
Income Tax Expense	37.5	26.4	12	31.4	26.6	18.2
Earnings From Continuing Operations	94.1	12.5	46.3	89.8	78.5	46.3
Earnings From Discontinued Operations	-	-	-	0.4	0.2	-10.5
Net Income	94.1	12.5	46.3	90.2	78.7	35.8
Preferred Dividends & Other Adjustments	-	-	0.5	1.1	0.6	0.4
Net Income to Common	94.1	12.5	45.8	89.1	78.1	35.4
Net Income Growth	796.19%	-73.00%	-48.67%	14.61%	119.83%	713.64%
Shares Outstanding (Basic)	36	36	35	35	36	35
Shares Outstanding (Diluted)	37	36	35	35	36	35
Shares Change (YoY)	3.82%	1.13%	0.85%	-2.50%	1.98%	0.86%
EPS (Basic)	2.59	0.35	1.30	2.57	2.19	1.01
EPS (Diluted)	2.55	0.35	1.29	2.53	2.17	1.00
EPS Growth	797.67%	-72.87%	-49.04%	16.89%	116.00%	711.37%
Free Cash Flow	-33.2	1.4	13.9	-6.2	57.9	93.9
Free Cash Flow Per Share	-0.91	0.04	0.39	-0.18	1.61	2.66
Gross Margin	19.29%	18.98%	19.07%	18.59%	17.21%	13.82%
Operating Margin	9.18%	6.48%	6.51%	6.92%	6.10%	2.23%
Profit Margin	3.17%	0.45%	1.98%	4.48%	4.29%	2.14%
Free Cash Flow Margin	-1.12%	0.05%	0.60%	-0.31%	3.18%	5.68%
EBITDA	331	235.5	191.1	164.9	144.2	73.1
EBITDA Margin	11.15%	8.47%	8.24%	8.28%	7.92%	4.42%
D&A For EBITDA	58.6	55.2	40.2	27.2	33.1	36.3
EBIT	272.4	180.3	150.9	137.7	111.1	36.8
EBIT Margin	9.18%	6.48%	6.51%	6.92%	6.10%	2.23%
Effective Tax Rate	28.49%	67.87%	20.58%	25.91%	25.31%	28.22%
Revenue as Reported	2,968	2,781	2,319	1,991	1,820	1,652

Updated Jan 6, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q