AAR Corp.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.31B | $2.78B | $2.32B | $1.99B | $1.82B | $1.65B | $2.07B | $2.05B |
| Aviation Supply Chain | — | — | — | — | $1.28B | $1.17B | $1.43B | $1.40B |
| Maintenance Repair and Overhaul | — | — | — | — | $470.7M | $381.0M | $529.9M | $525.4M |
| Structures and Systems | — | — | — | — | — | — | — | — |
| Aircraft Sales and Leasing | — | — | — | — | — | — | — | — |
| Government and Defense Services | — | — | — | — | — | — | — | — |
| Aviation Services | — | — | — | — | — | — | — | — |
| Technology Products | — | — | — | — | — | — | — | — |
| Expeditionary Airlift Services | — | — | — | — | — | — | — | — |
| Mobility Products | — | — | — | — | $74.2M | $98.6M | $107.8M | $131.2M |
| Parts Supply | — | $1.10B | $967.0M | $818.4M | — | — | — | — |
| Repair & Engineering | — | $884.9M | $640.1M | $533.4M | — | — | — | — |
| Integrated Solutions | — | $695.3M | $641.9M | $546.9M | — | — | — | — |
| Expeditionary Services | — | $100.7M | $69.9M | $91.8M | — | — | — | — |
| Cost of Revenue | $2.69B | $2.25B | $1.88B | $1.62B | $1.51B | — | — | $1.72B |
| Gross Profit | $622.0M | $527.7M | $442.3M | $370.1M | $313.2M | $275.9M | $269.2M | $329.8M |
| Gross Margin | 18.8% | 19.0% | 19.1% | 18.6% | 17.2% | 16.7% | 13.0% | 16.1% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $349.3M | $347.7M | $312.2M | $230.4M | $202.2M | $182.4M | $220.6M | $215.4M |
| Operating Income | $245.9M | $38.9M | $101.5M | $133.4M | $109.8M | $85.0M | $43.2M | $98.6M |
| Operating Margin | 7.4% | 1.4% | 4.4% | 6.7% | 6.0% | 5.1% | 2.1% | 4.8% |
| Interest Expense | — | — | $43.2M | $12.2M | $2.4M | $5.0M | $9.3M | $9.5M |
| Pretax Income | $245.9M | $38.9M | $58.3M | $121.2M | — | — | — | — |
| Income Tax Expense | $58.2M | $26.4M | $12.0M | $31.4M | $26.6M | $18.2M | $5.6M | $4.9M |
| Net Income | $187.7M | $12.5M | $46.3M | $90.2M | $78.7M | $35.8M | $4.4M | $7.5M |
| Net Margin | 5.7% | 0.4% | 2.0% | 4.5% | 4.3% | 2.2% | 0.2% | 0.4% |
| EPS (Basic) | $4.88 | $0.35 | $1.30 | $2.56 | $2.20 | $1.01 | $0.12 | $0.20 |
| EPS (Diluted) | $4.86 | $0.35 | $1.29 | $2.53 | $2.17 | $1.00 | $0.13 | $0.21 |
| Shares Outstanding (Basic) | 38.3M | 35.6M | 35.1M | 34.7M | 35.6M | 35.0M | 34.8M | 34.5M |
| Shares Outstanding (Diluted) | 38.4M | 35.8M | 35.4M | 35.1M | 36.0M | 35.3M | 35.0M | 34.9M |
| Dividends Per Share | — | — | — | — | — | — | — | $0.30 |