Touchstone
Last syncNov 1, 2026, 6:55 PM ET

AIR

Aar Corp Industrials Aircraft & Parts Russell 3000
$100.26Close $4.9BMarket cap $77.35 – $153.7152-week range Mid-januaryNext report · estimated

Highlights

Cautions

  • Not in an uptrend 2 of 8 trend conditions
  • Lagging the market RS 25 · weaker than 75% of stocks over 12 months
  • Far from its high 35% below its 52-week high

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to May 31, 2026 · filed Sep 29, 2026
Off 12-month high 35%
1wk up 5.3% price change
1mo down 1.2% price change
12-month return up 19% market up 11% · its own up 7%
F-score 6 / 9 Mixed
Altman Z 3.89 Low risk
P/E 26.0× price / earnings
PEG 0.02 P/E / EPS growth
P/B 2.9× price / book
Earnings yield up 4.3% EBIT / enterprise value
Cheaper than 49% of the market · around average
Revenue growth up 19% year on year
EPS growth up 5% latest quarter · -34 pts
Sales growth up 24% latest quarter · +1 pts
ROE up 13% return on equity
Free cash margin up 2% $62.1M FCF
D/E 0.52 long-term debt / equity
Net debt / EBITDA 2.5×
Interest cover —EBIT / interest
Piotroski tests
  • profits not fully backed by cash
  • issued more shares
  • gross margin narrowed
  • profitable on its assets
  • generating cash from operations
  • profitability improving
  • reduced long-term debt
  • short-term liquidity improved
  • assets working harder

Repair signals

  • Long-term debt down 8% ($1.0B → $0.9B)

Trade setup

ATR% 4.3% $4.35 a day · 2×ATR $91.57
RS 25 / 99 vs the universe
Trend 2 / 8 trend template
Relative volume 0.7× vs 50-day average
Up/down volume 0.79 50 sessions
Implied move — no scheduled report
Trend template · 2 of 8
  • 150-day average above the 200-day: passes
  • 200-day average rising for a month: passes

Screen verdict

Did not qualify for any screen.

Warning signs

2 flagged
  • Shareholders diluted The share count rose 7.6% over the year, from 45m to 49m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
  • Profit not backed by cash Reported profit of $187.7M came with $98.7M of operating cash flow. Profit that cash does not follow is the classic signature of aggressive accounting.
Last reported Sep 28, 2026
Results reaction Sep 28, 2026-7% vs market2 sessions after results

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $3.3B +19% on FY2025
$0 $5B FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · $1.7B FY2022 · $1.8B FY2023 · $2.0B FY2024 · $2.3B FY2025 · $2.8B FY2026 · $3.3B
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $187.7M +1402% on FY2025
$0 $200M FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · $35.8M FY2022 · $78.7M FY2023 · $90.2M FY2024 · $46.3M FY2025 · $12.5M FY2026 · $187.7M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $62.1M +4336% on FY2025
$0 $100M FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · $93.9M FY2022 · $57.9M FY2023 · -$6.2M FY2024 · $13.9M FY2025 · $1.4M FY2026 · $62.1M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 19%
  • Net 6%
  • Free cash 2%
0% 20% FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · Gross 17% · Net 2% · Free cash 6% FY2022 · Gross 17% · Net 4% · Free cash 3% FY2023 · Gross 19% · Net 5% · Free cash -0% FY2024 · Gross 19% · Net 2% · Free cash 1% FY2025 · Gross 19% · Net 0% · Free cash 0% FY2026 · Gross 19% · Net 6% · Free cash 2%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $809.9M net debt
  • Cash
  • Long-term debt
$0 $1B FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · Cash $51.8M · Long-term debt $133.7M FY2022 · Cash $53.5M · Long-term debt $98.9M FY2023 · Cash $68.4M · Long-term debt $269.7M FY2024 · Cash $85.8M · Long-term debt $985.4M FY2025 · Cash $96.5M · Long-term debt $968.0M FY2026 · Cash $84.0M · Long-term debt $893.9M
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 48.75m +7.6% since FY2021
48.75m 45.30m FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · 45.30m FY2022 · 45.30m FY2023 · 45.30m FY2024 · 45.30m FY2025 · 45.30m FY2026 · 48.75m
  FY2021May 31, 2021 FY2022May 31, 2022 FY2023May 31, 2023 FY2024May 31, 2024 FY2025May 31, 2025 FY2026May 31, 2026
Revenue $1.7B $1.8B $2.0B $2.3B $2.8B $3.3B
Gross margin 17% 17% 19% 19% 19% 19%
Net income $35.8M $78.7M $90.2M $46.3M $12.5M $187.7M
Net margin 2% 4% 5% 2% 0% 6%
Earnings per share $1.01 $2.19 $2.57 $1.31 $0.35 $4.89
Free cash flow $93.9M $57.9M -$6.2M $13.9M $1.4M $62.1M
Free cash margin 6% 3% -0% 1% 0% 2%
Cash $51.8M $53.5M $68.4M $85.8M $96.5M $84.0M
Long-term debt $133.7M $98.9M $269.7M $985.4M $968.0M $893.9M
Shareholders' equity $974.4M $1.0B $1.1B $1.2B $1.2B $1.7B
Shares outstanding 45.30m 45.30m 45.30m 45.30m 45.30m 48.75m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Sep 29, 2026 Quarterly ↗ Aug 31, 2026 29d
Jul 22, 2026 Annual ↗ May 31, 2026 52d
Mar 25, 2026 Quarterly ↗ Feb 28, 2026 25d
Jan 7, 2026 Quarterly ↗ Nov 30, 2025 38d
Sep 23, 2025 Quarterly ↗ Aug 31, 2025 23d
Jul 22, 2025 Annual ↗ May 31, 2025 52d
Mar 28, 2025 Quarterly ↗ Feb 28, 2025 28d
Jan 8, 2025 Quarterly ↗ Nov 30, 2024 39d
Sep 24, 2024 Quarterly ↗ Aug 31, 2024 24d
Jul 19, 2024 Annual ↗ May 31, 2024 49d
Mar 21, 2024 Quarterly ↗ Feb 29, 2024 21d
Dec 21, 2023 Quarterly ↗ Nov 30, 2023 21d

Current reports

FiledDisclosed
Oct 27, 2026 Regulation FD ↗
Oct 26, 2026 Material agreement · New obligation · Regulation FD ↗
Sep 29, 2026 Material agreement · Unregistered share sale · Regulation FD ↗
Sep 28, 2026 Results ↗
Sep 24, 2026 Director or officer change · Shareholder vote ↗
Jul 24, 2026 Director or officer change ↗
Jul 21, 2026 Results ↗
May 12, 2026 Regulation FD ↗
May 6, 2026 Regulation FD ↗
Apr 24, 2026 Regulation FD · Other events ↗
Mar 24, 2026 Results ↗
Feb 11, 2026 Director or officer change · Regulation FD ↗