AAR Corp. (AIR) Financial Statements

Income statement

Metric	TTM	2026	2025	2024	2023
Revenue
Total Revenue	3.3B	3.3B	2.8B	2.3B	2.0B
Cost of Revenue	2.7B	2.7B	2.3B	1.9B	1.6B
Gross Profit	622.0M	622.0M	527.7M	442.3M	370.1M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	349.5M	349.3M	347.7M	280.2M	230.4M
General & Admin Expense	—	—	—	—	—
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	(200.0K)	—	(5.2M)	32.9M	5.8M
Total Operating Expenses	349.3M	349.3M	342.5M	313.1M	236.2M
Cost and Expenses	3.0B	3.0B	2.6B	2.2B	1.9B
Operating Income (EBIT)	272.7M	270.6M	185.2M	129.2M	133.9M
Non-Operating
Interest Income	1.2M	—	1.8M	2.2M	1.0M
Interest Expense	71.7M	70.5M	75.4M	43.2M	12.2M
Net Interest Income	(70.5M)	(70.5M)	(73.6M)	(41.0M)	(11.2M)
Other Non-Op Income/Expense	(26.8M)	(24.7M)	(146.3M)	(70.9M)	(12.7M)
Non-Operating Income (excl Interest)	(45.9M)	—	70.9M	27.7M	500.0K
EBT (Pre-Tax Income)	245.9M	245.9M	38.9M	58.3M	121.2M
Income Tax Expense	58.2M	58.2M	26.4M	12.0M	31.4M
Bottom Line
Net Income	187.7M	187.7M	12.5M	46.3M	90.2M
Earnings from Cont. Ops	187.7M	187.7M	12.5M	46.3M	89.8M
Earnings from Discont. Ops	—	—	—	—	400.0K
Bottom Line Net Income	187.7M	187.7M	12.5M	45.8M	88.7M
Per Share
Basic EPS	$4.88	$4.88	$0.35	$1.30	$2.56
Diluted EPS	$4.86	$4.89	$0.35	$1.29	$2.53
Revenue Per Share	$83.96	$86.37	$78.10	$66.07	$57.36
Shares
Basic Shares Outstanding	39.4M	38.3M	35.6M	35.1M	34.7M
Diluted Shares Outstanding	39.6M	38.4M	35.8M	35.4M	35.1M
Profitability Metrics
EBITDA	393.9M	345.9M	169.5M	142.7M	161.3M
D&A	75.3M	75.3M	55.2M	41.2M	27.9M
EBIT	318.6M	270.6M	114.3M	101.5M	133.4M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of May 1, 2026