10x Insights
Loading account…
Companies / Industrials / AAR Corp.
AIR

AAR Corp.

IndustrialsTransportation Equipment
Ticker AIRWOOD DALE, ILFiscal year ends MayBook value per share $43.67Diluted shares 39.9M

AAR Corp. (NYSE: AIR) is a leading independent provider of solutions to the global aviation aftermarket, operating through four primary business segments that collectively serve commercial and government aerospace customers across more than 20 countries. The company maintains its website at www.aarcorp.com. From the company’s description.

Fiscal year 2026 · ends 05-31Changes are against fiscal 2025The amber dot is the latest twelve months, to 2026-08-31
Sales & profitability
$3.31BFY2026
+19.0% year over year
Last 12 mo $3.49B
0.00%FY2026
$187.70MFY2026
+1401.6% year over year
Last 12 mo $193.40M
11.02%FY2026
+10 percentage points
Last 12 mo 11.10%
Cash & financing
$98.70MFY2026
+173.4% year over year
Last 12 mo $199.40M
$62.10MFY2026
+4335.7% year over year
Last 12 mo $159.70M
0.52FY2026
Was 0.80× a year earlier
Last 12 mo 0.50
38.4MFY2026
+7.3% year over year
Last 12 mo 39.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What AAR Corp. does

In the company’s own words

AAR Corp. (NYSE: AIR) is a leading independent provider of solutions to the global aviation aftermarket, operating through four primary business segments that collectively serve commercial and government aerospace customers across more than 20 countries. The company maintains its website at www.aarcorp.com.

The Parts Supply segment, representing approximately 45 percent of consolidated sales, distributes new original equipment manufacturer parts and used serviceable material including aircraft, engine, and airframe components. This segment operates as an authorized distributor for more than 30 product lines sourced from over 20 leading OEMs and maintains an extensive network for sourcing and managing used aircraft and engine inventory.

The Repair, Engineering, and Software segment accounts for roughly 35 percent of sales and provides maintenance, repair, and overhaul services for airframes and components alongside integrated software solutions. The company operates eight airframe maintenance facilities and five component repair facilities across the United States, Canada, Asia, and Europe. Its software platforms include Trax, a cloud-based aircraft maintenance system; Aerostrat, a long-range maintenance planning platform; Airvoyant, an AI-powered procurement solution; and Airinmar, a warranty claim management system.

The Government Solutions segment comprises approximately 15 percent of sales and delivers fleet management, aircraft operations, supply chain logistics programs supporting the U.S. Department of War and Department of State, and Mobility Systems products including pallets, shelters, and containers for military and humanitarian deployment.

The Legacy Commercial Programs segment represents about 5 percent of sales and consists of flight hour-based component pool programs and consumables distribution, which the company announced plans to exit during fiscal 2026.

As of May 31, 2026, AAR employed approximately 7,100 employees worldwide, with 5,400 in the United States and 1,700 internationally, supplemented by roughly 700 contract workers. The company generated consolidated sales of approximately $3.3 billion in fiscal 2026, with commercial customers accounting for 72.1 percent and government and defense customers representing 27.9 percent of revenues. During fiscal 2026, AAR completed four acquisitions including American Distributors Holding Co., HAECO Americas, Aircraft Reconfig Technologies, and Aerostrat Corp., significantly expanding its capabilities and market position across the aviation aftermarket.

Company details
Sector
Industrials
Industry (SIC)
Transportation Equipment
Headquarters
WOOD DALE, IL
Fiscal year end
May
CIK
1750
SIC
3720

Financial performance, year by year

Fiscal 2014–2026 · USD
$-348.64M$697.28M$1.74B$2.79B$3.84B2014201520162017201820192020202120222023202420252026Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns AAR Corp. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

340
funds hold it
1 of 35
superinvestors hold it
$3.01B
held by funds, at market
56.7%
of shares held by funds
1
bond issues held by funds

Superinvestors in AAR Corp. · what they did last quarter

Polen CapitalINCREASED +45.4%
Polen Capital Management
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · AAR Corp.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.30%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
2.64%of fund net assets
0.17%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.18%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

AAR Corp.’s bonds, as funds hold them

Funds report holding 1 issues of AAR Corp.’s debt, $46.32M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 6.75%, maturing 2029 to 2029.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do AAR Corp. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of AAR Corp.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in AAR Corp.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.