AAR Corp. (AIR) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 845.1M | 795.3M | 739.6M | 754.5M | 678.2M | 686.1M | 661.7M | 656.5M | 567.3M | 545.4M | 549.7M | 553.3M | 521.1M | 469.8M | 446.3M | 476.1M | 452.2M | 436.6M | 455.1M | 437.6M |
| Revenue Growth % | 24.61% | 15.92% | 11.77% | 14.93% | 19.55% | 25.8% | 20.37% | 18.65% | 8.87% | 16.09% | 23.17% | 16.22% | 15.24% | 7.6% | -1.93% | 8.8% | 10.21% | 8.18% | 13.55% | 5.07% |
| Cost of Goods Sold | 690.4M | 638.4M | 605.9M | 604.3M | 546.5M | 557.5M | 544.5M | 529.2M | 457M | 442M | 448.4M | 445.2M | 426.8M | 384M | 364.4M | 386.3M | 371.8M | 358.2M | 390.5M | 365.8M |
| COGS % of Revenue | 81.69% | 80.27% | 81.92% | 80.09% | 80.58% | 81.26% | 82.29% | 80.61% | 80.56% | 81.04% | 81.57% | 80.46% | 81.9% | 81.74% | 81.65% | 81.14% | 82.22% | 82.04% | 85.81% | 83.59% |
| Gross Profit | 154.7M | 156.9M | 133.7M | 150.2M | 131.7M | 128.6M | 117.2M | 127.3M | 110.3M | 103.4M | 101.3M | 108.1M | 94.3M | 85.8M | 81.9M | 89.8M | 80.4M | 78.4M | 64.6M | 71.8M |
| Gross Margin % | 18.31% | 19.73% | 18.08% | 19.91% | 19.42% | 18.74% | 17.71% | 19.39% | 19.44% | 18.96% | 18.43% | 19.54% | 18.1% | 18.26% | 18.35% | 18.86% | 17.78% | 17.96% | 14.19% | 16.41% |
| Gross Profit Growth % | 17.46% | 22.01% | 14.08% | 17.99% | 19.4% | 24.37% | 15.7% | 17.76% | 16.97% | 20.51% | 23.69% | 20.38% | 17.29% | 9.44% | 26.78% | 25.07% | -6.51% | 12.81% | 32.92% | 97.25% |
| Operating Expenses | 92M | 88.9M | 68.8M | 77.2M | 60.6M | 130.9M | 73.8M | 94.7M | 77.3M | 65.1M | 76M | 71.6M | 60.3M | 53.4M | 50.7M | 58.4M | 50.1M | 48.3M | 49.3M | 51.1M |
| OpEx % of Revenue | 10.89% | 11.18% | 9.3% | 10.23% | 8.94% | 19.08% | 11.15% | 14.42% | 13.63% | 11.94% | 13.83% | 12.94% | 11.57% | 11.37% | 11.36% | 12.27% | 11.08% | 11.06% | 10.83% | 11.68% |
| Selling, General & Admin | 89.6M | 88.9M | 71.2M | 77.4M | 61.3M | 133.1M | 75.9M | 82.9M | 67.7M | 65.7M | 74.7M | 70.8M | 56.7M | 52.8M | 50.1M | 56.9M | 48.9M | 47.1M | 49.3M | 48.8M |
| SG&A % of Revenue | 10.6% | 11.18% | 9.63% | 10.26% | 9.04% | 19.4% | 11.47% | 12.63% | 11.93% | 12.05% | 13.59% | 12.8% | 10.88% | 11.24% | 11.23% | 11.95% | 10.81% | 10.79% | 10.83% | 11.15% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 0 | -1000K | -200K | -700K | -1000K | -1000K | 1000K | 1000K | -600K | 1000K | 800K | 1000K | 600K | 600K | 1000K | 1000K | 1000K | 0 | 1000K |
| Operating Income | 64.8M | 68M | 64.9M | 73M | 71.1M | -2.3M | 43.4M | 32.6M | 33M | 38.3M | 25.3M | 36.3M | 34M | 32.4M | 31.2M | 31.4M | 30.3M | 30.1M | 15.1M | 20.7M |
| Operating Margin % | 7.67% | 8.55% | 8.77% | 9.68% | 10.48% | -0.34% | 6.56% | 4.97% | 5.82% | 7.02% | 4.6% | 6.56% | 6.52% | 6.9% | 6.99% | 6.6% | 6.7% | 6.89% | 3.32% | 4.73% |
| Operating Income Growth % | -8.86% | 3056.52% | 49.54% | 123.93% | 115.45% | -106.01% | 71.54% | -10.19% | -2.94% | 18.21% | -18.91% | 15.61% | 12.21% | 7.64% | 106.62% | 51.69% | -23.68% | 39.35% | 371.88% | 238.93% |
| EBITDA | 33.9M | 85.1M | 78.7M | 87.3M | 83.8M | 12.3M | 57.6M | 47.9M | 41.8M | 47M | 33.7M | 44M | 40.9M | 38.9M | 38M | 39M | 38M | 39M | 24M | 29.9M |
| EBITDA Margin % | 4.01% | 10.7% | 10.64% | 11.57% | 12.36% | 1.79% | 8.7% | 7.3% | 7.37% | 8.62% | 6.13% | 7.95% | 7.85% | 8.28% | 8.51% | 8.19% | 8.4% | 8.93% | 5.27% | 6.83% |
| EBITDA Growth % | -59.55% | 591.87% | 36.63% | 82.25% | 100.48% | -73.83% | 70.92% | 8.86% | 2.2% | 20.82% | -11.32% | 12.82% | 7.63% | -0.26% | 58.33% | 30.43% | -21.81% | 26.62% | 96.72% | 847.5% |
| D&A (Non-Cash Add-back) | -30.9M | 17.1M | 13.8M | 14.3M | 12.7M | 14.6M | 14.2M | 15.3M | 8.8M | 8.7M | 8.4M | 7.7M | 6.9M | 6.5M | 6.8M | 7.6M | 7.7M | 8.9M | 8.9M | 9.2M |
| EBIT | 0 | 67.2M | 65.8M | 66.4M | 7.4M | -3.2M | 43.7M | 44.4M | 33.2M | 37.7M | -13.8M | 35.4M | 35.7M | 33.1M | 31.5M | 34.1M | 31.4M | 28.1M | 15.8M | 20.4M |
| Net Interest Income | 0 | -18.6M | -18.5M | -18.4M | -18.1M | -18.8M | -18.3M | -18.7M | -11.3M | -5.6M | -5.4M | -4.7M | -3.5M | -2M | -1M | -600K | -600K | -400K | -700K | -900K |
| Interest Income | -800K | 500K | 300K | 400K | 400K | 500K | 500K | 600K | 600K | 600K | 400K | 500K | 300K | 100K | 100K | 0 | 0 | 100K | 0 | 0 |
| Interest Expense | -92.1M | 19.1M | 18.8M | 18.8M | 18.5M | 19.3M | 18.8M | 19.3M | 11.9M | 6.2M | 5.8M | 5.2M | 3.8M | 2.1M | 1.1M | 600K | 600K | 500K | 700K | 900K |
| Other Income/Expense | 28.3M | -19.9M | -17.9M | -25.4M | -82.2M | -20.2M | -18.5M | -19M | -12.5M | -6.6M | -32.8M | -6.1M | -4.2M | -1.6M | -800K | -900K | 500K | -1.4M | 0 | -1.2M |
| Pretax Income | 93.1M | 48.1M | 47M | 47.6M | -11.1M | -22.5M | 24.9M | 13.6M | 20.5M | 31.7M | -7.5M | 30.2M | 29.8M | 30.8M | 30.4M | 30.5M | 30.8M | 28.7M | 15.1M | 19.5M |
| Pretax Margin % | 11.02% | 6.05% | 6.35% | 6.31% | -1.64% | -3.28% | 3.76% | 2.07% | 3.61% | 5.81% | -1.36% | 5.46% | 5.72% | 6.56% | 6.81% | 6.41% | 6.81% | 6.57% | 3.32% | 4.46% |
| Income Tax | 25.1M | 13.5M | 12.6M | 13.6M | -2.2M | 8.1M | 6.9M | 4.5M | 6.5M | 7.9M | -6.9M | 7M | 8M | 8.3M | 8.1M | 6.6M | 8.2M | 7.9M | 3.9M | 4.8M |
| Effective Tax Rate % | 26.96% | 28.07% | 26.81% | 28.57% | 19.82% | -36% | 27.71% | 33.09% | 31.71% | 24.92% | 92% | 23.18% | 26.85% | 26.95% | 26.64% | 21.64% | 26.62% | 27.53% | 25.83% | 24.62% |
| Net Income | 68M | 34.6M | 34.4M | 34M | -8.9M | -30.6M | 18M | 9.1M | 14M | 23.8M | -600K | 23.2M | 21.8M | 22.5M | 22.7M | 23.9M | 22.5M | 20.8M | 11.5M | 14M |
| Net Margin % | 8.05% | 4.35% | 4.65% | 4.51% | -1.31% | -4.46% | 2.72% | 1.39% | 2.47% | 4.36% | -0.11% | 4.19% | 4.18% | 4.79% | 5.09% | 5.02% | 4.98% | 4.76% | 2.53% | 3.2% |
| Net Income Growth % | 864.04% | 213.07% | 91.11% | 273.63% | -163.57% | -228.57% | 3100% | -60.78% | -35.78% | 5.78% | -102.64% | -2.93% | -3.11% | 8.17% | 97.39% | 70.71% | -19.93% | 153.66% | 179.31% | 184.85% |
| Net Income (Continuing) | -69M | 34.6M | 34.4M | 34M | -8.9M | -30.6M | 18M | 9.1M | 14M | 23.8M | -600K | 23.2M | 21.8M | 22.5M | 22.3M | 23.9M | 22.6M | 20.8M | 11.2M | 14.7M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 400K | 0 | -100K | 0 | 300K | -700K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.73 | 0.90 | 0.96 | 0.96 | -0.25 | -0.51 | 0.50 | 0.25 | 0.39 | 0.67 | -0.02 | 0.66 | 0.62 | 0.64 | 0.64 | 0.67 | 0.63 | 0.58 | 0.32 | 0.39 |
| EPS Growth % | 792% | 276.47% | 92% | 284% | -164.1% | -176.12% | 2990.17% | -62.12% | -37.1% | 4.69% | -102.7% | -1.49% | -1.59% | 10.34% | 100% | 71.79% | -20.25% | 152.17% | 178.05% | 181.25% |
| EPS (Basic) | 1.74 | 0.91 | 0.96 | 0.96 | -0.25 | -0.51 | 0.51 | 0.26 | 0.40 | 0.67 | -0.02 | 0.66 | 0.63 | 0.65 | 0.65 | 0.68 | 0.63 | 0.59 | 0.33 | 0.40 |
| Diluted Shares Outstanding | 38M | 37M | 35.9M | 35.6M | 35.4M | 35.2M | 35.6M | 35.4M | 35.2M | 35.3M | 34.7M | 34.92M | 34.6M | 34.7M | 35.4M | 35.7M | 35.7M | 35.6M | 35.7M | 35.7M |
| Basic Shares Outstanding | 37.8M | 36.8M | 35.7M | 35.4M | 35.4M | 35.2M | 35.2M | 35.1M | 34.8M | 34.9M | 34.7M | 34.92M | 34.1M | 34.2M | 34.9M | 35.1M | 35.1M | 35.1M | 35.1M | 35M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |