AAR Corp. (AIR) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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AIR Revenue Growth
Revenue Breakdown (FY 2025)
AIR's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
AIR Revenue Analysis (2014–2025)
As of May 8, 2026, AAR Corp. (AIR) generated trailing twelve-month (TTM) revenue of $3.13 billion, reflecting exceptional growth of +24.6% year-over-year. The most recent quarter (Q3 2026) recorded $845.1 million in revenue, up 6.3% sequentially.
Looking at the longer-term picture, AIR's 5-year compound annual growth rate (CAGR) stands at +6.1%, indicating steady revenue expansion. The company achieved its highest annual revenue of $2.78 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows AIR's business is primarily driven by Product (62%), and Service (38%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including HEI (+16.1% YoY), KAI (-0.1% YoY), and HAYW (+7.6% YoY), AIR has outperformed the peer group in terms of revenue growth. Compare AIR vs HEI →
AIR Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| AIRCurrent | $3.1B | +24.6% | +6.1% | 6.7% | |
 HEI | $4.5B | +16.1% | +20.2% | 22.7% | |
 KAI | $1.1B | -0.1% | +10.6% | 14.9% | |
 HAYW | $1.1B | +7.6% | +5.1% | 21.1% | |
 DRS | $3.6B | +10.5% | +5.6% | 9.5% | |
 TDG | $8.8B | +11.7% | +11.6% | 47.2% |
AIR Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.78B | +19.9% | $527.7M | 19.0% | $185.2M | 6.7% |
| 2024 | $2.32B | +16.5% | $442.3M | 19.1% | $129.2M | 5.6% |
| 2023 | $1.99B | +9.4% | $370.1M | 18.6% | $133.9M | 6.7% |
| 2022 | $1.82B | +10.1% | $313.2M | 17.2% | $106.9M | 5.9% |
| 2021 | $1.65B | -20.3% | $275.9M | 16.7% | $85.2M | 5.2% |
| 2020 | $2.07B | +1.0% | $269.2M | 13.0% | $41.3M | 2.0% |
| 2019 | $2.05B | +17.4% | $329.5M | 16.1% | $98.3M | 4.8% |
| 2018 | $1.75B | -1.1% | $294.6M | 16.9% | $86.0M | 4.9% |
| 2017 | $1.77B | +6.3% | $276.5M | 15.6% | $79.6M | 4.5% |
| 2016 | $1.66B | +4.3% | $236.9M | 14.2% | $65.8M | 4.0% |
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Start ComparisonAIR — Frequently Asked Questions
Quick answers to the most common questions about buying AIR stock.
Is AIR's revenue growth accelerating or slowing?
AIR revenue is accelerating at +24.6% year-over-year, exceeding the 5-year CAGR of +6.1%. TTM revenue reached $3.1B. Growth momentum has increased versus prior periods.
What is AIR's long-term revenue growth rate?
AAR Corp.'s 5-year revenue CAGR of +6.1% reflects the sustained expansion pattern. Current YoY growth of +24.6% is above this long-term average.
How is AIR's revenue distributed by segment?
AIR reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.