AAR Corp. (AIR) Earnings History
Earnings Pressure37 years of earnings data (1989–2025) · 5-year EPS trend is negative
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AAR Corp. (AIR) Earnings Overview
As of June 22, 2026, AAR Corp. (AIR) reported trailing twelve-month net income of $171M, reflecting -72.9% year-over-year growth. The company earned $4.50 per diluted share over the past four quarters, with a net profit margin of 0.4%.
Looking at the long-term picture, AIR's 5-year EPS compound annual growth rate (CAGR) stands at -13.2%, signaling declining earnings. The company achieved its highest annual net income of $90M in fiscal 2023.
AAR Corp. maintains positive profitability with a gross margin of 19.0%, operating margin of 6.7%, and net margin of 0.4%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including HEI ($790M net income, 15.4% margin), KAI ($102M net income, 9.7% margin), HAYW ($161M net income, 13.5% margin), AIR has room to improve margins relative to the peer group. Compare AIR vs HEI →
AIR Earnings vs Peers
Earnings metrics vs comparable public companies
AIR Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $13M | -73.0% | $185M | $0.35 | 0.4% | 6.7% |
| 2024 | $46M | -48.7% | $129M | $1.29 | 2.0% | 5.6% |
| 2023 | $90M | +14.6% | $134M | $2.53 | 4.5% | 6.7% |
| 2022 | $79M | +119.8% | $107M | $2.16 | 4.3% | 5.9% |
| 2021 | $36M | +44.4% | $85M | $1.00 | 2.2% | 5.2% |
| 2020 | $25M | +230.7% | $41M | $0.71 | 1.2% | 2.0% |
| 2019 | $8M | -51.9% | $98M | $0.21 | 0.4% | 4.8% |
| 2018 | $16M | -72.4% | $86M | $0.45 | 0.9% | 4.9% |
| 2017 | $57M | +18.4% | $80M | $1.64 | 3.2% | 4.5% |
| 2016 | $48M | +367.6% | $66M | $1.37 | 2.9% | 4.0% |
| 2015 | $10M | -86.0% | -$12M | $0.24 | 0.6% | -0.7% |
| 2014 | $73M | +32.5% | $146M | $1.83 | 3.6% | 7.2% |
| 2013 | $55M | -18.8% | $123M | $1.38 | 2.6% | 5.7% |
| 2012 | $68M | -3.0% | $131M | $1.65 | 3.3% | 6.3% |
| 2011 | $70M | +56.5% | $139M | $1.73 | 3.9% | 7.8% |
| 2010 | $45M | -43.3% | $90M | $1.16 | 3.3% | 6.7% |
| 2009 | $79M | +4.7% | $103M | $1.45 | 5.5% | 7.2% |
| 2008 | $75M | +28.1% | $135M | $1.71 | 5.4% | 9.7% |
| 2007 | $59M | +66.8% | $95M | $1.40 | 5.5% | 9.0% |
| 2006 | $35M | +127.5% | $64M | $0.94 | 3.9% | 7.2% |
| 2005 | $15M | +341.0% | $33M | $0.46 | 2.1% | 4.5% |
| 2004 | $4M | +128.2% | $19M | $0.11 | 0.5% | 2.9% |
| 2003 | -$12M | +78.9% | -$2M | $-0.39 | -2.0% | -0.3% |
| 2002 | -$59M | -418.1% | -$81M | $-2.08 | -9.2% | -12.7% |
| 2001 | $19M | -47.3% | $40M | $0.69 | 2.1% | 4.6% |
| 2000 | $35M | -15.6% | $71M | $1.28 | 3.4% | 6.9% |
| 1999 | $42M | +16.9% | $77M | $1.49 | 4.5% | 8.4% |
| 1998 | $36M | +54.9% | $65M | $1.27 | 4.6% | 8.3% |
| 1997 | $23M | +43.8% | $43M | $0.92 | 3.9% | 7.3% |
| 1996 | $16M | +53.0% | $32M | $0.67 | 3.2% | 6.4% |
| 1995 | $10M | +10.2% | $24M | $0.44 | 2.3% | 5.4% |
| 1994 | $9M | +3064.7% | $22M | $0.40 | 2.3% | 5.4% |
| 1993 | $300,000 | -97.0% | $5M | $0.01 | 0.1% | 1.4% |
| 1992 | $10M | -32.4% | $27M | $0.42 | 2.4% | 6.3% |
| 1991 | $15M | -42.4% | $30M | $0.62 | 3.2% | 6.5% |
| 1990 | $26M | +3.6% | $47M | $1.07 | 5.8% | 10.5% |
| 1989 | $25M | - | $45M | $1.04 | 6.1% | 11.0% |
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AIR — Frequently Asked Questions
Quick answers to the most common questions about buying AIR stock.
What is AIR earnings per share (EPS)?
AIR trailing twelve-month (TTM) diluted EPS is $4.50, reflecting -72.9% year-over-year growth. The 5-year EPS CAGR is -13.2%. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is AAR Corp.'s net income?
AAR Corp. (AIR) trailing twelve-month net income is $171M as of 2025. Earnings declined -72.9% year-over-year. AAR Corp. has been profitable for 22 consecutive years.
Is AIR profitable?
Yes, AIR is profitable with a TTM net income of $171M and a net profit margin of +0.4%. AAR Corp. has generated profits for 22 consecutive years.
What is AIR's earnings growth rate?
AIR compound annual EPS growth rates (CAGR): 1-Year: -72.9%, 3-Year: -45.5%, 5-Year: -13.2%, 10-Year: +3.8%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are AIR's profit margins?
AAR Corp. net profit margin is +0.4%, operating margin is +6.7%, and gross margin is +19.0%. Below-average margins reflect competitive or cost pressures. Return on Equity is +1.0%.
Is AIR growing earnings?
AIR earnings are declining — EPS fell -72.9% year-over-year. TTM net income dropped to $171M. This contrasts with the 5-year CAGR of -13.2%.
What was AIR's best earnings year?
AAR Corp.'s highest annual net income on record is $90M, achieved in fiscal year 2023. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were AIR's earnings last quarter?
AIR's most recent reported quarter was Q3 2026. Net income was $68M with diluted EPS of $1.73. For a full breakdown of all quarters, see the quarterly earnings table on this page.