AAR
Supplies aircraft parts, repair, software, and fleet support across commercial and government aviation.
Something off on this page? Send us feedback.
Profile
Sells new and used aircraft parts and earns service revenue from airframe and component MRO, engineering, aviation software, and government fleet and logistics programs. Most activity sits in Parts Supply and Repair, Engineering, and Software, while asset-heavy Legacy Commercial Programs is being wound down.
Supplies new OEM replacement parts and used serviceable material. Repair, Engineering, and Software provides airframe and component MRO, engineering, and maintenance-management and procurement platforms. Government Solutions manages customer-owned aircraft, runs logistics programs, and builds mobility equipment for government missions. Legacy Commercial Programs continues flight-hour component support as contracts end and asset pools are sold.
Serves commercial airlines, MRO providers, aerospace manufacturers, and government customers across North America, Europe, and Asia through OEM distribution relationships, global parts sourcing, and certified repair facilities. The model integrates parts availability, maintenance capacity, software, and fleet support. MRO work requires aviation-authority certificates and certified technicians; government programs depend on agency funding, competitive awards, and contracts that may be terminated for convenience.
Company facts
Categories
Key statistics
Year to date +57.7% · Average volume (30d) 440.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 27, 2026 | Truist Financial | Target | $107 | $145 | ||
| Jul 14, 2026 | Jefferies | Reiterate | Buy | $135 | $155 | |
| Jun 30, 2026 | KeyBanc | Downgrade | Overweight | Sector Weight | ||
| Apr 9, 2026 | Keybanc | Reiterate | Overweight | $109 | $132 | |
| Feb 23, 2026 | Jefferies | Reiterate | Buy | $112 | $135 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 21, 2026Q4 FY26 | $1.38 | $1.53 | +10.9% | $893.0M | $928.0M | +3.9% | −9.76% |
| Mar 24, 2026Q3 FY26 | $1.21 | $1.25 | +3.3% | $812.6M | $845.1M | +4.0% | +9.93% |
| Jan 6, 2026Q2 FY26 | $1.02 | $1.18 | +15.7% | $763.6M | $795.3M | +4.1% | +2.10% |
| Sep 23, 2025Q1 FY26 | $0.98 | $1.08 | +9.8% | $689.3M | $739.6M | +7.3% | +4.17% |
Financial highlights
| 12 quarters | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $678.2M | $754.5M | $739.6M | $795.3M | $845.1M | $928.0M | |
| Gross profit | $131.7M | $150.2M | $133.7M | $156.9M | $154.7M | $176.7M | |
| Operating income | $71.1M | $73.0M | $64.9M | $68.0M | $64.4M | $75.4M | |
| Net income | −$8.9M | $34.0M | $34.4M | $34.6M | $68.0M | $50.7M | |
| Diluted EPS | −$0.25 | $0.96 | $0.96 | $0.90 | $1.71 | $1.29 | |
| Gross margin | 19.4% | 19.9% | 18.1% | 19.7% | 18.3% | 19.0% | |
| Operating margin | 10.5% | 9.7% | 8.8% | 8.6% | 7.6% | 8.1% |
Fiscal years (4-quarter sums)FY22 $1.82B · FY23 $1.99B · FY24 $2.32B · FY25 $2.78B · FY26 $3.31B
Revenue by product · Q4 FY26
Revenue by geography · FY26
Balance sheet, May 31, 2026Cash & short-term investments $84.0M · Total debt $995.0M · Total assets $3.36B · Shareholders' equity $1.70B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 39.89M · Float 38.25M · 95.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 6.47M | 16.22% | 13F | Aug 7, 2026 |
| State Street Corp | 2.83M | 7.10% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 2.18M | 5.47% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 1.93M | 4.85% | 13F | Aug 11, 2026 |
| Vanguard Capital Management LLC | 1.72M | 4.31% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 27, 2026 | John McClain III Holmes | director, officer: Chairman, President & CEO | −23,950 | $107.60 |
| Mar 26, 2026 | John McClain III Holmes | director, officer: Chairman, President & CEO | −60,000 | $112.41 |
| Mar 26, 2026 | Jessica A. Garascia | officer: Senior VP, GC, CAO & Secretary | −2,138 | $112.20 |
| Mar 26, 2026 | Billy Nolen | director | −1,562 | $111.00 |
| Feb 4, 2026 | Sarah Louise Flanagan | officer: Interim CFO VP Fin Ops | −10,750 | $108.56 |
Peers
- VSE
Aviation aftermarket parts and MRO overlap across commercial fleets
- HEICO
FAA-PMA parts and component MRO rival
- AerSale
Overlaps in USM parts, asset management, and aircraft/component MRO
- StandardAero
Independent engine and component MRO overlap
- Boeing
OEM aftermarket channel for aircraft parts and services
- GE Aerospace
Engine aftermarket and spare-parts overlap with AAR
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| AAR | $133.19 | +0.04% | $5.31B | 27.4 | 23.0 | 1.6 | +23.0% |
| VSE | $215.82 | −0.01% | $6.06B | 79.3 | 29.3 | 4.5 | +65.0% |
| HEICO | $336.53 | −0.01% | $46.89B | 56.1 | 50.6 | 9.1 | +23.1% |
| AerSale | $5.63 | −0.09% | $266.0M | — | 21.3 | 0.9 | −33.9% |
| StandardAero | $26.00 | +4.00% | $8.32B | 25.8 | 17.0 | 1.3 | +4.6% |
| Boeing | $209.76 | −0.03% | $165.84B | 90.8 | 152.1 | 1.8 | +8.0% |
| GE Aerospace | $343.00 | +0.11% | $355.45B | 40.4 | 40.7 | 7.0 | +14.6% |
| Median | 56.1 | 35.0 | 3.1 | +11.3% |