Income Statement Research
Review the full annual statement in one scroll, from headline results to detailed SEC line items, margin conversion, and growth diagnostics.
Snapshot
AAR CORP's top line, gross profit, pretax income, and bottom-line conversion. Values in USD millions.
Revenue
+16.1%Compound growth, FY2022 to FY2026
Gross profit
+18.7%Compound growth, FY2022 to FY2026
Pretax Income
FY2026Latest annual filing, FY2026
Net income
+24.3%Compound growth, FY2022 to FY2026
Headline results
Four lines, five fiscal years, straight from the filings.
AAR CORP headline income statement — FY2026
Trend
The same four lines drawn across the window.
All values shown in USD millions unless noted otherwise.
Line items
The full annual income statement layer for AAR CORP, from revenue down to share counts.
Statement basis
USD millions, except per-share and share-count rows.
AAR CORP expanded income statement — FY2026
Expanded annual statement lines sourced from the SEC EDGAR database for AAR CORP.
Margins
How much of AAR CORP's revenue survives through gross profit, pretax income, and net income.
Gross margin
+159 bpsFY2026, versus FY2022
Pretax Margin
N/AFY2026, versus FY2022
Net income margin
+135 bpsFY2026, versus FY2022
Observation window
yearsFY2022 through FY2026
Margin table
Side-by-side read of gross, operating and net margin.
Margin trend
The shape of profitability across the window.
Margins are calculated from annual SEC facts using reported revenue as the denominator.
Year on year
Every headline line of AAR CORP's statement measured against the immediately prior period.
Revenue YoY
FY2025FY2026 versus FY2025
Gross profit YoY
FY2025FY2026 versus FY2025
Pretax Income YoY
FY2025FY2026 versus FY2025
Net income YoY
FY2025FY2026 versus FY2025
Year-on-year table
Contractions are tinted so slowdowns are obvious.
AAR CORP year-on-year change — FY2026
Momentum
Whether the business is accelerating or rolling over.
Year-on-year change compares each annual period against the immediately prior year inside the selected window.
Compound growth
Compounded annual growth from FY2022 to FY2026, which filters out one-year noise.
Revenue CAGR
4yrFY2022 to FY2026
Gross profit CAGR
4yrFY2022 to FY2026
Pretax Income CAGR
4yrFY2022 to FY2026
Net income CAGR
4yrFY2022 to FY2026
Compound rates use the first and last reported year in the window, so a gap in either endpoint suppresses the figure.
Commentary
A written read of the filing-backed figures above. The statement itself remains the source of truth.
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Over the past five years, AAR CORP’s financial performance has generally trended upwards across key metrics. Revenue has risen from US$1,820 million in 2022 to US$3,308 million in 2026, indicating robust organic growth over this period. Gross profit also improved steadily from US$313.2 million to US$622 million, which suggests enhanced operational efficiency or better pricing, even as the growth pace was not uniform year-over-year. Operating income, serving as pretax income, presents a mixed picture: a dramatic improvement from zero in 2022 to US$121.2 million in 2023, a steep decline thereafter to US$38.9 million in 2025 (a swing exceeding 20%), followed by a strong rebound to US$245.9 million in 2026. Net income mirrored these movements, with a moderate base of US$78.7 million in 2022 evolving to US$187.7 million by 2026. These variations, particularly the short-term swing in operating income, may be attributed to operational restructurings or short-term market volatility impacting pretax earnings. Overall, the data indicates that AAR CORP has successfully enhanced its revenue profile and profitability margins over the five-year span. The aerospace maintenance, repair, and overhaul (MRO) industry, characterized by its cyclical demand tied to broader airline and defense sector trends, adds contextual significance to these gains. The company’s ability to transform its operating income, particularly recovering from a 2025 dip, reflects an underlying resilience and capacity to adapt operational strategies. In summary, AAR CORP appears to be on a strong financial trajectory with increasing scale, improving margins, and a recovery from operational hiccups suggesting sustainable growth prospects within its sector.
This analysis is for informational purposes only and does not constitute financial advice or a recommendation for any investment decision. Please consult a qualified financial professional for personalised guidance.
