AIR · Aar Corp
$103.12
-3.64 (-3.41%)
At close · Sep 30
Return incl. dividend (before tax)
Market Cap
$4.64B
Shares
40.19M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$106.75
Open$116.50
Day$103.48–118.00
52W close$77.35–153.71
Avg vol 30d470K
Short int1.6M · 4.0% float · 4.7d
Short vol81%
Last earningsSep 29, 2026
DataJan 2020–Sep 2026
Filing10-Q · Sep 29
Up next
Next earnings call
Dec 29, 2026
Est · unconfirmed
· in 13 wks
filed Sep 29, 2026
call held Sep 29, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$3.49B
Trailing 12 months
Net income (TTM)
$193.40M
Trailing 12 months
Revenue growth YoY
+24.1%
Year over year
Operating margin
—
Trailing 12 months
P / E (TTM)
21.7
Trailing earnings · reciprocal yield 4.6%
FCF yield
3.4%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
—
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+11.1%
Year over year · more shares
Price change (1Y)
+21.4%
Trailing year
Short interest
4.0%
Latest settlement · 4.7 days to cover
AI Brief
Q1 FY27 earnings call · Sep 29, 2026
Q1 FY27
TL;DR. AAR posted strong Q1 FY27 results with 24% sales growth and 100bps margin expansion while unveiling a $4B agreement to acquire a 65% controlling interest in MRO Holdings that lifts pro forma revenue ~30%, expands adjusted EBITDA margin from ~12% to 16% (19-20% with synergies), and will be funded by $1B equity and $2.1B new debt pushing net leverage to ~3.6x at close.
Bullish
- + Q1 sales grew 24% with 11% organic growth and 100bps adjusted EBITDA margin expansion to 12.7%
- + Parts Supply sales jumped 31% with margins up 150bps to 15.3% led by 23% organic new parts distribution growth
- + Adjusted diluted EPS rose 38% year-over-year to $1.49 and net leverage fell to 1.81x
- + Government Solutions adjusted EBITDA margin expanded 460bps to 15.3%
- + Full-year sales growth guidance (ex-LCP) raised to low teens from prior low double-digits to low teens
- + Announced acquisition of 65% of MRO Holdings increases pro forma revenue ~30%, lifts adjusted EBITDA margin from ~12% to 16%, and raises medium-term margin target to 19-20%
Bearish
- − Repair, Engineering & Software adjusted EBITDA margin fell 120bps to 11.9% due to expected HACO Americas integration dilution
- − Operating margin declined to 7.9% from 8.8% as SG&A jumped to $107.0M from $71.8M and acquisition/integration expenses rose to $19.6M from $4.4M
- − Diluted share count will increase materially as ~2.2M PIPE shares are issued and Emerald Holdings shareholders receive $780M of AAR equity at $135/share, owning ~12% of AAR
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Sell
Momentum
Weak
Sentiment
Neutral
Fundamentals
Strong
Quant / Vol
High
Market backdrop
VIX 16 · calm
Equity put/call 0.38
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−9%
below
Price vs 50-day avg
−19%
below
RSI (14)
31
neutral
MACD trend
Negative
52-week position
39%
mid-range
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−17%
trailing
6-month return
−12%
trailing
YTD return
+29%
this year
Relative strength
−25%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $132 › 200d $117 — 50d above 200d
Institutional flow
Accumulating
+8% holders QoQ · +74 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
3.98% of float · ▲ +7.5% MoM · 4.7 days cover
Volume signal
Reversal watch
High volume on a down day — possible exhaustion
Institution breadth
Multi-yr high
411 holders — near 3-yr high, broad support
Squeeze score
72
high risk · 0–100
Fundamentals
Revenue growth
+19%
Y/Y
Gross margin
19%
contracting
EPS growth
+1289%
Y/Y
Free cash flow
$62.1M
Valuation
P/E 23.5
below peers
Buyback
$42.5M
remaining
Balance sheet
$725.1M
net debt
Quant / Vol
risk profile
Volatility
45%
annualized · 1-yr
Max drawdown
−31%
past year
ATR
5.5%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Sep 29, 2026
second quarter
Total sales growth excluding legacy commercial programs
Non-GAAP
14% – 16%
Adjusted EBITDA margin excluding legacy commercial programs
Non-GAAP
13% – 13.4%
next three to four years
Adjusted EBITDA margin excluding legacy commercial programs
Non-GAAP
19% – 20%
over the next three to four years
Adjusted EBITDA margin
Non-GAAP
19% – 20%
Prior guidance
period ended
· from the 8-K filed Jul 21, 2026
Adjusted EBITDA margin (ex. LCP)
· First quarter FY 2027
12.25% – 12.75%
Adj. EBITDA margin (ex. LCP)
· Q1 FY27
12.25% – 12.75%
Estimated tax rate
· Q1 FY27
28%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−9%
Bearish
Price vs 50-day avg
−19%
Bearish
RSI (14)
31
Neutral
MACD trend
Negative
Bearish
52-week position
39%
Neutral
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross)
No cross
50d $132 › 200d $117 — 50d above 200d
Institutional flow
Accumulating
+8% holders QoQ · +74 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
3.98% of float · ▲ +7.5% MoM · 4.7 days cover
Volume signal
Reversal watch
High volume on a down day — possible exhaustion
Institution breadth
Multi-yr high
411 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $77
Now $107 · 39%
Range high $154
vs 200-day avg -9%
vs 50-day avg -19%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Average borrowing rate on our Amended Revolving Credit Facility | 5.34% | the first quarter of fiscal 2027 filing | — |
| Adjusted cash flows provided by operating activities non-GAAP | $56.5M | Three months ended August 31, 2026 | — |
| Adjusted diluted EPS non-GAAP | $1.49 | Q1 FY2027 | — |
| Adjusted EBITDA non-GAAP | $117M | Q1 FY2027 | — |
| Adjusted EBITDA margin non-GAAP | 12.7% | Q1 FY2027 | — |
| Adjusted net income non-GAAP | $60M | Three months ended August 31, 2026 | — |
| Adjusted operating income non-GAAP | $97M | Three months ended August 31, 2026 | — |
| Adjusted operating margin non-GAAP | 10.6% | Three months ended August 31, 2026 | — |
| Net debt non-GAAP | $780.5M | August 31, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Total debt 885M
-104.5M Less: Cash and cash equivalents
= Net debt 780.5M
|
|||
| Net debt to Adjusted EBITDA non-GAAP | 1.81 | August 31, 2026 | — |
| Organic sales growth non-GAAP | 10.8% | Three months ended August 31, 2026 | — |
GAAP → non-GAAP reconciliationGAAP GAAP sales growth 24.1%
-13.3% Impact of acquisitions within the last twelve months
= Organic sales growth 10.8%
|
|||
| Average daily borrowings | $394.5M | fiscal 2026 filing | — |
| Average interest rate during the year | 5.8% | fiscal 2026 filing | — |
| Contract workers | 700 | fiscal 2026 filing | — |
| Employees in the United States | 5,400 | fiscal 2026 filing | — |
| Employees outside of the United States | 1,700 | fiscal 2026 filing | — |
| Employees worldwide | 7,100 | fiscal 2026 filing | — |
| Firm backlog | $777M | fiscal 2026 filing | — |
| Maximum amount borrowed | $650M | fiscal 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Aerospace & Defense — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
AIR
this stock
Aar Corp
|
$4.64B | +28.9% | +19.0% | 23.5 | 4.0% |
|
SPCX
Space Exploration Technologies Corp
|
$1.96T | — | — | — | 1.2% |
|
GE
General Electric Co
|
$339.38B | +3.2% | +18.5% | 38.5 | 1.5% |
|
RTX
RTX Corp
|
$255.27B | +1.9% | +17.1% | 33.4 | 1.0% |
|
EADSF
Airbus SE/ADR
|
$174.13B | -5.1% | — | — | 0.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| AIR | -9.3% | -17.4% | -11.6% | -17.4% | +28.9% |
| SPY | -1.2% | -0.4% | +13.1% | -0.4% | +12.1% |
| vs SPY | -8.2% | -17.1% | -24.7% | -17.1% | +16.9% |
Capital returns
Buyback program
· as of Sep 29, 2026
Authorized
$150.00M
Spent (derived)
$107.50M
Remaining
$42.50M
Spent
Remaining
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.