Stocks · Industrials · Aerospace & Defense
AAR Corp. AIR
$102.24 -0.26% Close, Oct 5, 2026 · NYSE · Market cap $4.09B
Strong growthInexpensive vs sector
Next earnings report: Jan 5, 2027
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $4.90, up 322.4% year over year.
- Earnings beat analyst estimates in each of the last 15 quarters (average surprise over the last four: +12.5%).
- The diluted share count rose 11.1% in a year.
PromtFinance scores
Each score is a percentile within the Industrials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 6, 2026.
Growth95Exceptional
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 20%
- EPS growth (TTM, YoY)Top 3%
- Revenue growth, 3-year CAGRTop 15%
- Revenue growth accelerationTop 34%
Quality32Weak
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 37%
- Gross marginBottom 27%
- Operating marginTop 47%
- Cash conversion (OCF / net income)Bottom 20%
- Accruals (lower is better)Bottom 16%
- Net debt / EBITDA (lower is better)Bottom 47%
- Interest coverTop 48%
Value81Strong
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 21%
- Free-cash-flow yieldTop 45%
- EBITDA / enterprise valueTop 28%
- Sales / enterprise valueTop 35%
- P/E vs own 5-year history (lower is better)Top 26%
Momentum48Neutral
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 18%
- 6-month returnBottom 32%
- 1-year return vs S&P 500Top 37%
- Distance from 52-week highBottom 35%
- Trend checklist (0–4)Bottom 41%
Revisions93Exceptional
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 33%
- Consecutive EPS beatsTop 1%
- Share of analysts rating BuyTop 39%
- Upside to consensus price targetTop 37%
Stability52Neutral
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 41%
- Maximum drawdown, 3 yearsTop 23%
- Beta vs S&P 500 (lower is better)Bottom 41%
- Net debt / EBITDA (lower is better)Bottom 47%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 19.0% | 22.0% | ↑ |
| EPS growth (YoY) | 594.3% | 322.4% | ↓ |
| Gross margin | 19.0% | 19.1% | ↑ |
| Operating margin | 7.2% | 8.0% | ↑ |
| FCF margin | -0.3% | 4.3% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 22.0% | 19.0% | ↑ | Top 20% |
| EPS growth (TTM, YoY) | 322.4% | 594.3% | ↓ | Top 3% |
| Gross margin | 19.1% | 19.0% | ↑ | Bottom 27% |
| Operating margin | 8.0% | 7.2% | ↑ | Top 47% |
| Net margin | 5.5% | 1.0% | ↑ | — |
| Free-cash-flow margin | 4.3% | -0.3% | ↑ | — |
| Return on invested capital | 7.7% | — | Top 37% | |
| Revenue growth, 3-year CAGR | 18.4% | — | Top 15% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.04×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -0.2%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.5%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -7.6 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 2.16×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 4.1×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- -6.92%
- Shareholder yield
- -6.92%
- Share count change, 1 year
- +11.1%
- Share count change, 3-year CAGR
- +4.8%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Aug 31, 2026 (filed Sep 29, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 15
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +12.5%
- Average 2-day reaction, last 8
- +1.3%
- Positive 20 days after report
- 6 of 7
Analysts
- Consensus price target
- $145.50
- Target vs current price
- +42.3%
- Analysts with a rating
- 20
- Share rating Buy or Strong Buy
- 65%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Sep 28, 2026 | +14.6% | -0.9% | -11.7% | — | — |
| Jul 21, 2026 | +10.9% | +4.2% | +0.9% | +13.3% | — |
| Mar 24, 2026 | +8.7% | +4.2% | -0.3% | +12.6% | +27.7% |
| Jan 6, 2026 | +15.7% | +1.6% | +11.6% | +24.8% | +26.5% |
| Sep 23, 2025 | +9.8% | +1.9% | +14.3% | +9.3% | +6.0% |
| Jul 16, 2025 | +16.0% | +2.0% | +7.7% | +6.3% | +14.5% |
| Mar 27, 2025 | +3.1% | -1.9% | -17.3% | -24.5% | -1.9% |
| Jan 7, 2025 | +8.4% | -0.6% | +11.8% | +9.4% | -13.8% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Sep 28, 2026 | $1.49 | $1.30 | +14.6% | $918.0M |
| Jul 21, 2026 | $1.53 | $1.38 | +10.9% | $928.0M |
| Mar 24, 2026 | $1.25 | $1.15 | +8.7% | $845.1M |
| Jan 6, 2026 | $1.18 | $1.02 | +15.7% | $795.3M |
| Sep 23, 2025 | $1.08 | $0.98 | +9.8% | $739.6M |
| Jul 16, 2025 | $1.16 | $1.00 | +16.0% | $754.5M |
| Mar 27, 2025 | $0.99 | $0.96 | +3.1% | $678.2M |
| Jan 7, 2025 | $0.90 | $0.83 | +8.4% | $686.1M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 20.9× | 26.2× | 30th | Top 21% |
| P/E (forward) | 17.5× | — | — | — |
| EV / EBITDA | 12.2× | — | — | Top 28% |
| EV / Sales | 1.42× | — | — | Top 35% |
| Free-cash-flow yield | 3.66% | — | — | Top 45% |
| Earnings yield | 4.79% | — | — | Top 21% |
P/E over the past five years
Range 15.1× – 112.9× since Aug 31, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +21.8%
- Earnings per share growth (TTM)
- +322.4%
- Change in P/E multiple
- -67.7%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -6.2%
- 200-day average slope (20 days)
- +3.0%
- Distance from 50-day average
- -20.9%
- Distance from 200-day average
- -12.9%
- RSI (14)
- 30.4
- Relative volume
- 1.16×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 51.5%
- Volatility vs own 5-year history
- 93th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.16
- Correlation with S&P 500
- 0.42
- Current drawdown from 1-year high
- -33.5%
- Maximum drawdown, 3 years
- -35.7%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jul 16, 2024 | Apr 8, 2025 | -35.7% | 183 days | 68 days (Jul 17, 2025) |
| Aug 17, 2026 | Oct 1, 2026 | -35.0% | 32 days | Not yet recovered |
| Jun 7, 2022 | Sep 26, 2022 | -33.2% | 76 days | 97 days (Feb 14, 2023) |
| Mar 11, 2021 | Sep 21, 2021 | -29.4% | 134 days | 110 days (Feb 28, 2022) |
| Dec 19, 2023 | Jan 17, 2024 | -20.9% | 18 days | 111 days (Jun 26, 2024) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $4.09B
- P/E (TTM)
- 20.9
- EPS, diluted (TTM)
- $4.90
- Revenue (TTM)
- $3.49B
- 52-week range
- $76.10 – $154.00
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Revenue | $1.82B | $1.99B | $2.32B | $2.78B | $3.31B |
| Gross profit | $313.2M | $370.1M | $442.3M | $527.7M | $622.0M |
| Operating income | $106.9M | $133.9M | $129.2M | $185.2M | $270.6M |
| Net income | $78.7M | $90.2M | $46.3M | $12.5M | $187.7M |
| EPS (diluted) | $2.16 | $2.53 | $1.29 | $0.35 | $4.89 |
| Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | Q1 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $686.1M | $678.2M | $754.5M | $739.6M | $795.3M | $845.1M | $928.0M | $918.0M |
| Net income | -$30.6M | -$8.9M | $34.0M | $34.4M | $34.6M | $68.0M | $50.7M | $40.1M |
| EPS (diluted) | -$0.51 | -$0.25 | $0.96 | $0.96 | $0.90 | $1.71 | $1.29 | $1.00 |
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Operating cash flow | $75.2M | $23.3M | $43.6M | $36.1M | $98.7M |
| Capital expenditure | -$17.3M | -$29.5M | -$29.7M | -$34.7M | -$65.4M |
| Free cash flow | $57.9M | -$6.2M | $13.9M | $1.4M | $33.3M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | -$42.4M | -$50.1M | -$5.1M | -$10.1M | $0 |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $104.5M
- Total assets
- $3.43B
- Total liabilities
- $1.68B
- Total debt
- $978.4M
- Net debt
- $873.9M
- Shareholders’ equity
- $1.74B
As of Aug 31, 2026 (filed Sep 29, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Mar 27, 2020 | $0.08 | Apr 9, 2020 |
| Jan 2, 2020 | $0.08 | Jan 14, 2020 |
| Oct 4, 2019 | $0.08 | Oct 21, 2019 |
| Jul 18, 2019 | $0.08 | Jul 31, 2019 |
| Apr 30, 2019 | $0.08 | May 16, 2019 |
| Jan 25, 2019 | $0.08 | Feb 8, 2019 |
| Oct 19, 2018 | $0.08 | Nov 2, 2018 |
| Jul 19, 2018 | $0.08 | Jul 31, 2018 |
Short interest
- Shares sold short
- 1,599,093
- Days to cover
- 4.70
- Change vs previous report
- +7.4%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Feb 24, 1998
- 3-for-2
- Oct 27, 1987
- 3-for-2
- Feb 11, 1986
- 3-for-2
- Jan 15, 1980
- 5-for-4
- Oct 11, 1978
- 5-for-4