AAR Corp. (AIR)

NYSE: AIR · Aircraft & Parts · Wood Dale, IL · filing with the SEC since 1994

Grade6.2

◀ Past 6.2● Present 6.1▶ Future 6.2

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Income statement, as filed

In millions of US dollars (USD), as filed; per-share figures in US dollars; share counts in millions. The fiscal year ends in May.

Income statement, by fiscal year, newest first
Fiscal year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	May 31, 2026	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019	May 31, 2018	May 31, 2017
Report filed	Jul 22, 2026	Jul 22, 2025	Jul 19, 2024	Jul 18, 2023	Jul 21, 2022	Jul 21, 2021	Jul 21, 2020	Jul 18, 2019	Jul 11, 2018	Jul 12, 2017
Revenue	3,308.0	2,780.5	2,318.9	1,990.5	1,820.0	1,652.3	2,072.0	2,051.8	1,748.3	1,590.8
Cost of revenue	2,686.0	2,252.8	1,876.6	1,620.4	1,506.8	·	·	1,722.3	840.5	787.5^r
Gross profit	622.0	527.7	442.3	370.1	313.2	275.9	269.2	329.8^r	294.1^r	263.4^r
Selling, general and administrative	349.3	347.7	312.2	230.4	202.2	182.4	220.6	215.4	208.1^r	179.0^r
Total costs and expenses	·	·	·	1,853.4	1,710.2	1,567.3	2,028.8	1,953.2^r	1,662.8^r	1,508.5^r
Interest expense	72.1	75.4	43.2	12.2	2.4	5.0	9.3	9.5	8.0	5.3^r
Interest and investment income	1.6	1.8	2.2	1.0	0.1	0.2	0.5	1.0	0.1	0.1^r
Share of profit of equity-method investments	7.2	5.4	-0.2	-3.2	-2.9	0.2	-1.9	-0.3	0.5	-0.2
Other income (expense), net	-2.1	-0.3	-0.4	-0.8	2.2	4.3	-2.1	-0.8	-0.9	·
Income before income taxes	245.9	38.9	58.3	121.2	·	·	·	·	·	·
Income tax expense	58.2	26.4	12.0	31.4	26.6	18.2	5.6	4.9	3.5	25.1^r
Income from continuing operations	·	12.5	46.3	89.8	78.5	46.3	24.8	84.1	73.7	52.0^r
Income from discontinued operations	·	·	·	0.4	0.2	-10.5	-20.4	-76.6	-58.1	4.5^r
Net income including non-controlling interests	187.7	12.5	46.3	90.2	78.7	35.8	4.4	7.5	15.6	56.5
Net income	187.7	12.5	46.3	90.2	78.7	35.8	4.4	7.5	15.6	56.5
Net income to common shareholders	·	·	45.8	89.1	78.1	35.4	·	·	·	·
Earnings per share, basic	4.88	0.35	1.30	2.56	2.20	1.01	0.12	0.20	0.44	1.66
Earnings per share, diluted	4.86	0.35	1.29	2.53	2.17	1.00	0.13	0.21	0.41	1.64
Weighted average shares, basic	38.3	35.6	35.1	34.7	35.6	35.0	34.8	34.5	34.2	33.9
Weighted average shares, diluted	38.4	35.8	35.4	35.1	36.0	35.3	35.0	34.9	34.6	34.3

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax
us-gaap:SalesRevenueNet

Cost of revenue what it cost to make or buy what it sold

us-gaap:CostOfGoodsAndServicesSold
us-gaap:CostOfGoodsSold

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Total costs and expenses every operating cost, the cost of revenue includedus-gaap:CostsAndExpenses

Interest expense what its borrowing cost

us-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterest

Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Income from continuing operations profit from the businesses it keepsus-gaap:IncomeLossFromContinuingOperations

Income from discontinued operations profit or loss from businesses it sold or closedus-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton AIR · research, not advice