AAR (AIR) Stock Overview
Provides products and services to commercial aviation, government, and defense markets in North America, Europe, Africa, Asia, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 1/6 |
| Past Performance | 3/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
AIR Community Fair Values
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Analyst Price Targets
AAR Corp. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$111.36 |
| 52 Week High | US$127.21 |
| 52 Week Low | US$64.48 |
| Beta | 1.14 |
| 1 Month Change | 1.64% |
| 3 Month Change | 0.59% |
| 1 Year Change | 70.48% |
| 3 Year Change | 102.00% |
| 5 Year Change | 176.60% |
| Change since IPO | 1,682.00% |
Recent News & Updates
Seeking Alpha • 16h
AAR Corp.: Structural Earnings Power Not Reflected In The Multiple
Summary AAR Corp. is executing a robust aftermarket aerospace growth strategy, with Q3 FY26 sales up 25% YoY and adjusted EPS beating consensus by 8%. Distribution, especially new parts (36% organic growth) and government (55% organic growth), is driving margin expansion and segment outperformance. Trax software is scaling rapidly, with recurring revenue growth and a marketplace launch in 2026 expected to drive further EBITDA margin re-rating. We rate AIR as a buy with a $145 price target, supported by conservative FY27 EPS and margin targets, strong integration progress, and healthy balance sheet. Read the full article on Seeking Alpha
Narrative Update • May 20
AIR: Defense Wins And AI Procurement Platform Will Drive Further Upside
Analysts have raised their price target on AAR to about $132 from $131. This change reflects updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions.Narrative Update • May 01
AIR: Defense Logistics Wins And AI Platform Will Support Upside Potential
Analysts have reaffirmed their $131.00 price target for AAR, reflecting updated assumptions around a slightly higher discount rate, stable revenue growth and profit margin expectations, and a modestly adjusted future P/E outlook. What's in the News AAR CORP.Narrative Update • Apr 17
AIR: Defense Contracts And MRO Expansion Will Support A Balanced Outlook
Analysts have raised their price target for AAR from $129 to $131, citing updated fair value estimates and a slightly lower discount rate as the main factors behind the revision. What's in the News AAR CORP.Recent updates
Seeking Alpha • 16h
AAR Corp.: Structural Earnings Power Not Reflected In The Multiple
Summary AAR Corp. is executing a robust aftermarket aerospace growth strategy, with Q3 FY26 sales up 25% YoY and adjusted EPS beating consensus by 8%. Distribution, especially new parts (36% organic growth) and government (55% organic growth), is driving margin expansion and segment outperformance. Trax software is scaling rapidly, with recurring revenue growth and a marketplace launch in 2026 expected to drive further EBITDA margin re-rating. We rate AIR as a buy with a $145 price target, supported by conservative FY27 EPS and margin targets, strong integration progress, and healthy balance sheet. Read the full article on Seeking AlphaNarrative Update • May 20
AIR: Defense Wins And AI Procurement Platform Will Drive Further Upside
Analysts have raised their price target on AAR to about $132 from $131. This change reflects updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions.Narrative Update • May 01
AIR: Defense Logistics Wins And AI Platform Will Support Upside Potential
Analysts have reaffirmed their $131.00 price target for AAR, reflecting updated assumptions around a slightly higher discount rate, stable revenue growth and profit margin expectations, and a modestly adjusted future P/E outlook. What's in the News AAR CORP.Narrative Update • Apr 17
AIR: Defense Contracts And MRO Expansion Will Support A Balanced Outlook
Analysts have raised their price target for AAR from $129 to $131, citing updated fair value estimates and a slightly lower discount rate as the main factors behind the revision. What's in the News AAR CORP.Narrative Update • Apr 02
AIR: MRO Expansion And Defense Contracts Will Support A More Upside Outlook
Analysts have adjusted their price target on AAR to $129.00 from $119.80. This reflects updated views on discount rate, revenue growth, profit margin and future P/E assumptions in their models.Narrative Update • Mar 19
AIR: MRO Expansion And Capital Allocation Will Support A Measured Outlook
Analysts have adjusted their price target for AAR from $114.50 to $119.80, citing updated assumptions around discount rate, revenue growth, profit margin and an expected future P/E of about 24.9x. What's in the News AAR CORP.Narrative Update • Mar 04
AIR: MRO Expansion And Capital Allocation Will Shape A Balanced Outlook
Analysts have lifted their price target on AAR from about $111 to $115, reflecting small updates to their fair value estimate, discount rate and assumed future P/E multiple, while keeping revenue growth and profit margin expectations broadly unchanged. What's in the News AAR signed a new agreement with Otto Instrument Service to sell and support the LASEREF IV inertial reference system for business aircraft, expanding its OEM distribution reach and using its global supply chain and customer support network to handle availability and deployment.Narrative Update • Feb 18
AIR: MRO Expansion And Capital Allocation Will Support A Measured Outlook
Analysts have kept their price target for AAR steady at $110.67, with only small tweaks to inputs such as the discount rate, long term revenue growth, profit margin and future P/E assumptions supporting this unchanged view. What's in the News AAR plans a CFO transition, with Dylan Wolin appointed as Chief Financial Officer effective February 23, 2026, while current Interim CFO Sarah Flanagan returns to her role as Vice President, Financial Operations (company filing).Narrative Update • Feb 04
AIR: APAC Joint Venture And Buybacks Will Support Measured Future Outlook
Analysts have nudged their price target for AAR higher to about $111 from roughly $109, citing updated assumptions for slightly stronger revenue growth, a modestly lower discount rate, and a small adjustment to future P/E expectations. What's in the News AAR has substantially completed an 80,000+ square foot expansion of its airframe MRO facility in Oklahoma City, adding three maintenance bays that can handle all 737 variants and planning to induct additional Alaska Airlines aircraft as part of a long term commitment (Key Developments).Analysis Article • Jan 23
AAR Corp.'s (NYSE:AIR) Share Price Boosted 26% But Its Business Prospects Need A Lift Too
The AAR Corp. ( NYSE:AIR ) share price has done very well over the last month, posting an excellent gain of 26%. The...Narrative Update • Jan 20
AIR: Share Repurchases And APAC Venture Will Support Steady Future Outlook
Analysts now place AAR's fair value at $108.60, up from $92.25, reflecting updated assumptions around revenue growth, profit margins, the discount rate, and a higher future P/E of 22.55 compared with 13.85. What's in the News AAR completed its previously announced share repurchase program, buying back 2,429,700 shares, or 6.97% of the company, for a total of $107.54 million under the plan announced on December 21, 2021 (company update).Narrative Update • Jan 05
AIR: Expanded Distribution Agreements And APAC Joint Venture Will Support Steady Outlook
Analysts now place AAR's price target at US$92.25, broadly in line with prior estimates. This reflects updated assumptions around discount rates, revenue growth, profit margins and future P/E that together support a steady view of the stock's valuation.Narrative Update • Dec 15
AIR: Extended Distribution Deals And Lock-Up Expiry Will Drive Earnings Momentum
Analysts have modestly raised their price target on AAR to $92.25 per share from $92.00, citing slightly higher assumed discount rates and a marginally richer future earnings multiple, while maintaining their long term views on growth and profitability. What's in the News AAR and Air France Industries KLM Engineering & Maintenance received regulatory approval and completed formation of xCelle Asia, a Thailand based joint venture focused on nacelle MRO services for new generation aircraft across the APAC region (Strategic Alliances).Narrative Update • Dec 01
AIR: European Service Agreement And Lock-Up Period Will Shape Earnings Outlook
Analysts have slightly increased their price target for AAR from $91.00 to $92.25, citing improved profit margin forecasts despite a modest slowing in projected revenue growth. What's in the News AAR Corp.Narrative Update • Nov 17
AIR: New Service Center Deal And Contracts Will Drive Earnings Momentum
Narrative Update on AAR Analysts have raised their price target for AAR to $91.00, citing increased expectations for revenue growth in their latest update. What's in the News AAR and Eaton entered an agreement for AAR to become an authorized service center for Eaton's commercial aerospace customers across Europe, the Middle East, and Africa.Narrative Update • Nov 03
AIR: Service Center Expansion And Military Agreements Will Support Steady Performance
Narrative Update on AAR Price Target Analysts have maintained AAR's fair value estimate at $91.00. Their decision reflects a reassessment of underlying factors, including a slightly improved revenue growth outlook in addition to marginal adjustments to discount rates and profit margins.Narrative Update • Oct 20
OKC And Miami MRO Expansion Will Serve Rising Air Travel
Analysts have adjusted their price target for AAR and are maintaining the estimate at $91.00, citing updated assumptions for revenue growth, profit margin, and future price-to-earnings projections. What's in the News AAR CORP.Narrative Update • Oct 05
OKC And Miami MRO Expansion Will Serve Rising Air Travel
Analysts have raised their price target for AAR from $87 to $91. They cite stronger projected revenue growth and significantly improved profit margin forecasts as key drivers for the upward revision.Analysis Article • Oct 01
Some Investors May Be Willing To Look Past AAR's (NYSE:AIR) Soft Earnings
AAR Corp.'s ( NYSE:AIR ) recent soft profit numbers didn't appear to worry shareholders, as the stock price showed...Narrative Update • Sep 16
OKC And Miami MRO Expansion Will Serve Rising Air Travel
The consensus price target for AAR has increased slightly to $87.00, despite a sharply higher future P/E and a notable decline in net profit margin. What's in the News Awarded a contract worth up to $85 million by the Defense Logistics Agency Troop Support for specialized mobility solutions, including shipping and storage containers, shelters, and accessories.Analysis Article • Jul 18
There's No Escaping AAR Corp.'s (NYSE:AIR) Muted Revenues Despite A 26% Share Price Rise
AAR Corp. ( NYSE:AIR ) shares have continued their recent momentum with a 26% gain in the last month alone. Taking a...Analysis Article • Jun 10
Is AAR Corp. (NYSE:AIR) Trading At A 40% Discount?
Key Insights AAR's estimated fair value is US$112 based on 2 Stage Free Cash Flow to Equity AAR is estimated to be 40...Analysis Article • May 19
Is AAR (NYSE:AIR) Using Too Much Debt?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Mar 13
Investors Holding Back On AAR Corp. (NYSE:AIR)
With a price-to-sales (or "P/S") ratio of 0.9x AAR Corp. ( NYSE:AIR ) may be sending bullish signals at the moment...Seeking Alpha • Mar 05
AAR Corp.: Getting On A Stronger Footing
Summary AAR Corp. provides aviation after market services, with parts supply being the largest and highest-margin segment, and has global operations with 6,000 employees. The acquisition of Triumph Product Support increased sales but also raised leverage to over 3 times, with GAAP earnings impacted by adjustments and fines. Despite strong organic growth and potential for earnings improvement, I remain cautious due to elevated leverage and messy GAAP earnings in the near term. AIR's leverage concerns are easing following a strong Q2 earnings report, but I'm waiting to buy due to broader market sell-offs. Read the full article on Seeking AlphaAnalysis Article • Feb 02
Does AAR (NYSE:AIR) Have A Healthy Balance Sheet?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Dec 25
AAR Corp.'s (NYSE:AIR) Intrinsic Value Is Potentially 99% Above Its Share Price
Key Insights Using the 2 Stage Free Cash Flow to Equity, AAR fair value estimate is US$121 AAR is estimated to be 50...Seeking Alpha • Dec 16
AAR: MRO Play Suffering Some Turbulence
Summary AAR's acquisition of Triumph Product Support was substantial, raising leverage to over 3 times, resulting in limited immediate earnings accretion. Despite a 10% stock decline over the past year, AAR's adjusted earnings rose to $3.33 per share, but GAAP earnings lagged due to acquisition-related expenses. Current valuations are more appealing with an 18-19 times earnings multiple, but high leverage and poor cash flow conversion remain concerns. I am cautiously optimistic, awaiting the second quarter earnings report to reassess my neutral but constructive stance on AAR's stock. Read the full article on Seeking AlphaAnalysis Article • Dec 09
Getting In Cheap On AAR Corp. (NYSE:AIR) Might Be Difficult
With a price-to-earnings (or "P/E") ratio of 37.1x AAR Corp. ( NYSE:AIR ) may be sending very bearish signals at the...Analysis Article • Nov 01
We Think AAR (NYSE:AIR) Is Taking Some Risk With Its Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Seeking Alpha • Sep 29
AAR Corp.: Why I Believe This Aerospace Stock Can Fly Higher
Summary Despite underperforming the S&P 500, AAR's robust aftermarket demand and capacity expansions suggest significant upside, maintaining a buy rating with an $86 FY26 price target. Sales grew 20% in Q1 FY25, driven by commercial and defense sectors, though gross profit growth was limited by contract and customer mix. Risks include operating at capacity limits and lower USM sales due to airplane shortages, but efficiency improvements and capacity expansions offer growth potential. With no debt maturing until 2028 and potential for refinancing at better terms, AAR's financial outlook remains strong, supporting future growth. Read the full article on Seeking Alpha
New Narrative • Sep 24
Air Travel Boom And Strategic Acquisitions Set To Skyrocket Aerospace Services Firm's Growth And Profitability
Structural tailwinds from air travel and aging fleets are expected to boost AAR's aftermarket services, increasing revenue.Analysis Article • Sep 10
We Think Some Shareholders May Hesitate To Increase AAR Corp.'s (NYSE:AIR) CEO Compensation
Key Insights AAR to hold its Annual General Meeting on 17th of September Salary of US$1.05m is part of CEO John...Analysis Article • Sep 05
AAR Corp. (NYSE:AIR) Not Lagging Market On Growth Or Pricing
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 17x, you may...Analysis Article • Aug 18
Should You Think About Buying AAR Corp. (NYSE:AIR) Now?
AAR Corp. ( NYSE:AIR ), might not be a large cap stock, but it saw a decent share price growth of 11% on the NYSE over...Seeking Alpha • Jul 24
AAR Corp.: Record Quarter Boosted By New Parts Distribution And Triumph Acquisition
Summary AAR Corp. reports strong year-over-year top line growth in FY2024, with consolidated sales increasing to $2.318 billion. Additionally, its adjusted margins expanded as well. Contract wins with Sumitomo Precision Products and Triumph are expected to bolster AIR's Parts Supply segment. Commercial airlines are facing challenges with a shortage of aircraft to support the increasing travel demand. Therefore, many airlines are delaying their aircraft retirements as a temporary solution. Increasing demand for maintenance, repair, and overhaul services is expected to support growth in AIR's Repair & Engineering segment. Read the full article on Seeking AlphaAnalysis Article • Jun 19
Does AAR (NYSE:AIR) Have A Healthy Balance Sheet?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Seeking Alpha • May 29
AAR Corp.: Aircraft Delivery Constraints Increasing Aftermarket Demand
Summary AIR has shown consistent top-line growth over the past three years. Additionally, its profit margins over that period also expanded annually. The acquisition of Triumph Group's product support business is expected to enhance AIR's repair capabilities and expand its market reach in the Asia Pacific region. Supply chain disruptions resulting in aircraft delivery delays and increased travel demand are creating more demand for aftermarket parts, which is expected to benefit AIR's growth outlook. Read the full article on Seeking AlphaShareholder Returns
| AIR | US Aerospace & Defense | US Market | |
|---|---|---|---|
| 7D | -1.3% | -3.1% | 0.3% |
| 1Y | 70.5% | 23.2% | 26.2% |
Return vs Industry: AIR exceeded the US Aerospace & Defense industry which returned 25.6% over the past year.
Return vs Market: AIR exceeded the US Market which returned 27% over the past year.
Price Volatility
| AIR volatility | |
|---|---|
| AIR Average Weekly Movement | 7.6% |
| Aerospace & Defense Industry Average Movement | 9.0% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.0% |
Stable Share Price: AIR has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: AIR's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1951 | 5,600 | John Holmes | www.aarcorp.com |
AAR Corp. provides products and services to commercial aviation, government, and defense markets in North America, Europe, Africa, Asia, and internationally. It operates through four segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. The company leases and sells aircraft components and replacement parts; and designs, manufactures, and repairs transportation pallets.
AAR Corp. Fundamentals Summary
| AIR fundamental statistics | |
|---|---|
| Market cap | US$4.34b |
| Earnings (TTM) | US$171.00m |
| Revenue (TTM) | US$3.13b |
25.5x
P/E Ratio1.4x
P/S RatioIs AIR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| AIR income statement (TTM) | |
|---|---|
| Revenue | US$3.13b |
| Cost of Revenue | US$2.54b |
| Gross Profit | US$595.50m |
| Other Expenses | US$424.50m |
| Earnings | US$171.00m |
Last Reported Earnings
Feb 28, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 4.36 |
| Gross Margin | 19.00% |
| Net Profit Margin | 5.46% |
| Debt/Equity Ratio | 54.1% |
How did AIR perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/03 03:29 |
| End of Day Share Price | 2026/06/03 00:00 |
| Earnings | 2026/02/28 |
| Annual Earnings | 2025/05/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
AAR Corp. is covered by 13 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kenneth Herbert | Canaccord Genuity |
| J. B. Groh | D.A. Davidson & Co. |
| Noah Poponak | Goldman Sachs |