AAR Corp. (AIR) — Financial statements
Income statement, balance sheet, and cash flow for AAR Corp. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 2,781↑19.9% | 2,319↑16.5% | 1,991↑9.4% | 1,820↑10.1% | 1,652 | |
| Cost of Revenue | 2,253↑20.0% | 1,877↑15.8% | 1,620↑7.5% | 1,507↑9.5% | 1,376 | |
| Gross Profit | 528↑19.3% | 442↑19.5% | 370↑18.2% | 313↑13.5% | 276 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 348↑24.1% | 280↑21.6% | 230↑13.9% | 202↑10.9% | 182 | |
| Other Expenses | -5↓115.8% | 33↑467.2% | 6↑41.5% | 4↓51.8% | 9 | |
| Operating Expenses | 343↑9.4% | 313↑32.6% | 236↑14.5% | 206↑8.1% | 191 | |
| Total Costs & Expenses | 2,595↑18.5% | 2,190↑17.9% | 1,857↑8.4% | 1,713↑9.3% | 1,567 | |
| Operating Results | ||||||
| Operating Income | 185↑43.3% | 129↓3.5% | 134↑25.3% | 107↑25.5% | 85 | |
| Depreciation & Amortization | 55↑34.0% | 41↑47.7% | 28↓15.7% | 33↓8.8% | 36 | |
| EBITDA | 170↑18.8% | 143↓11.5% | 161↑11.9% | 144↑97.3% | 73 | |
| EBIT | 114↑12.6% | 102↓23.9% | 133↑20.1% | 111↑201.9% | 37 | |
| Interest & Other Income | ||||||
| Net Interest Income | -74↓79.5% | -41↓266.1% | -11↓387.0% | -2↑52.1% | -5 | |
| Interest Income | 2↓18.2% | 2↑120.0% | 1↑900.0% | 0.10↓50.0% | 0.20 | |
| Interest Expense | 75↑74.5% | 43↑254.1% | 12↑408.3% | 2↓52.0% | 5 | |
| Non-Operating Income | 71↑156.0% | 28↑5440.0% | 0.50↑111.9% | -4↓108.7% | 48 | |
| Other Income / Expenses | -146↓106.3% | -71↓458.3% | -13↓605.6% | -2↑91.3% | -21 | |
| Income Before Tax | 39↓33.3% | 58↓51.9% | 121↑15.3% | 105↑62.9% | 65 | |
| Income Tax Expense | 26↑120.0% | 12↓61.8% | 31↑18.0% | 27↑46.2% | 18 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 13↓73.0% | 46↓48.4% | 90↑14.4% | 79↑69.5% | 46 | |
| Net Income from Discontinued Operations | 0.00 | 0.00↓100.0% | 0.40↑100.0% | 0.20↑101.9% | -11 | |
| Net Income | 13↓73.0% | 46↓48.7% | 90↑14.6% | 79↑119.8% | 36 | |
| Bottom-Line Net Income | 13↓72.7% | 46↓48.4% | 89↑13.6% | 78↑120.6% | 35 | |
| EPS (Basic) | 0.35↓73.1% | 1.30↓49.2% | 2.56↑16.9% | 2.19↑116.8% | 1.01 | |
| EPS (Diluted) | 0.35↓72.9% | 1.29↓49.0% | 2.53↑17.1% | 2.16↑116.0% | 1.00 | |
| Weighted Average Shares | 36↑1.4% | 35↑1.2% | 35↓2.5% | 36↑1.7% | 35 | |
| Weighted Average Diluted Shares | 36↑1.1% | 35↑0.9% | 35↓2.5% | 36↑2.0% | 35 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.