Why did AAR Corp (AIR) stock move recently?

On 9/1/2026, AAR Corp moved -3.7% — AAR Corp shares fell 3.72% with the broader market amid rising Treasury yields, higher oil prices, and geopolitical tensions in the Middle East that weighed on equities at the start of September; no company-specific negative catalyst was reported. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is AAR Corp (AIR) overvalued or fairly valued?

MarketChacha shows AAR Corp's valuation in context — a trailing P/E of about 38.0, a forward P/E of about 19.2, a price-to-book of about 2.9 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is AAR Corp's revenue?

AAR Corp reported revenue of $3.3B for FY2026, with net profit of $187.7M, per official filings.

What is the share price of AAR Corp (AIR)?

AAR Corp last traded at $125.78 (+0.1% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

AAR Corp

AIR · NYSE · Industrials · United States

Snapshot

TickerAIR

ExchangeNYSE

SectorIndustrials

IndustryAerospace & Defense

CountryUnited States

Employees7,100

HeadquartersWood Dale, United States

Websitewww.aarcorp.com

Filings tracked23

About AAR Corp

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, and Software; Government Solutions; and Legacy Commercial Programs. The company sells and leases used serviceable material and aftermarket distribution of new, and original equipment manufacturers supplied replacement parts. It also provides airframe maintenance, repair, and overhaul (MRO) services, such as airframe inspection, painting services, line maintenance, airframe modifications, structural repairs, avionics service and installation, exterior and interior refurbishment and engineering services, and support for various commercial and military aircraft; component MRO services, including repair and overhaul services, engine and airframe accessories, and interior refurbishment; software solutions comprising cloud-based, mobile, and AI-enabled aviation aftermarket software; develops PMA parts for aftermarket applications; and designs proprietary designated engineering representative repairs. In addition, the company designs, manufactures, and repairs transportation pallets; offers fleet management and operations of customer-owned aircraft; provision of supply chain logistics services, such as material planning, sourcing, logistics, information and program management, and parts and component repair and overhaul services; and engineering, design, and system integration services for specialized command and control systems. Further, it provides asset-heavy flight hour-based component pool and repair programs for commercial airlines and distribution of consumables and expendables inventory. Additionally, it offers containers and shelters for military and humanitarian tactical deployment activities; and shelters, such as stationary and vehicle-mounted applications. AAR Corp. was founded in 1951 and is headquartered in Wood Dale, Illinois.

Who owns it

Insiders2.5%
Institutions97.5%
Public & other0.0%

538 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.16.22%
State Street Corporation7.10%
Vanguard Portfolio Management LLC5.47%
Dimensional Fund Advisors LP4.85%
Vanguard Capital Management LLC4.31%
Invesco Ltd.4.01%
Earnest Partners LLC3.14%
Capital Research Global Investors2.91%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Over 4 years only 0.60× of reported profit became operating cash — the classic sign that headline earnings may be running ahead of the cash actually generated. Often explained by working capital funding growth; worth a closer look.

Cash conversion0.60×

Net margin trend4.5% → 5.7%

Margin has expanded by about 1.1 points — the business is getting more profitable.

Growth qualityrev 18% · PAT 28%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $888.7M · EPS 1.36

Est. earnings growth +15.5%

Next fiscal year

Rev $3.9B · EPS 6.54

Est. earnings growth +14.6%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2026)

$3.3B

Net margin

5.7%

ROE

11.0%

Revenue CAGR (3y)

+18.4%

Profit CAGR (3y)

+27.7%

EPS (FY2026)

4.86

Net profit (FY2026)

$187.7M

Ask MarketChacha about AIR

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Sep 1, 2026
AAR Corp shares fell 3.72% with the broader market amid rising Treasury yields, higher oil prices, and geopolitical tensions in the Middle East that weighed on equities at the start of September; no company-specific negative catalyst was reported.
source 1 ↗· confidence: low
Aug 4, 2026
No clear company-specific catalyst identified in today's coverage or recent filings; the stock rose to a new all-time high amid broader momentum following its July 21 earnings beat and FY2027 guidance.
source 1 ↗source 2 ↗· confidence: low
Jul 29, 2026
No clear company-specific catalyst identified for the decline; recent earnings (July 21) and guidance were strong, with positive post-earnings coverage on July 27. The move appears to reflect broader market/sector trading or minor institutional position adjustments.
source 1 ↗source 2 ↗· confidence: low
Jul 27, 2026
AAR shares rose on Truist Securities raising its price target to $145 from $128 (maintaining Buy rating) and continued positive reaction to the company's strong Q4/FY2026 results and FY2027 guidance released July 21.
source 1 ↗source 2 ↗source 3 ↗· confidence: high
Jul 22, 2026
AAR reported Q4 FY2026 earnings after the close on July 21 that beat estimates on revenue and EPS, but the stock fell sharply on July 22 as investors reacted to the company's forward guidance and outlook commentary.
source 1 ↗source 2 ↗source 3 ↗· confidence: high

Daily moves with the verified reason behind them. Education only — not investment advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2026	$3.3B	$187.7M	4.86	5.7%	11.0%
FY2025	$2.8B	$12.5M	0.35	0.4%	1.0%
FY2024	$2.3B	$46.3M	1.29	2.0%	3.9%
FY2023	$2.0B	$90.2M	2.53	4.5%	8.2%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$845.1M	$68.0M	1.71	8.0%
2025Q4	$795.3M	$34.6M	0.90	4.4%
2025Q3	$739.6M	$34.4M	0.95	4.7%
2025Q1	$678.2M	$-8.9M	-0.25	-1.3%
2024Q4	$686.1M	$-30.6M	-0.87	-4.5%
2024Q3	$661.7M	$18.0M	0.50	2.7%
2024Q1	$567.3M	$14.0M	0.39	2.5%
2023Q4	$545.4M	$23.8M	0.67	4.4%
2023Q3	$549.7M	$-600,000	-0.02	-0.1%
2023Q1	$521.1M	$21.8M	0.62	4.2%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Executive/director change, Exhibits
SEC7/24/2026material
10-K filing
SEC7/22/2026
8-K — Results of operations, Exhibits
SEC7/21/2026material
8-K — Reg FD disclosure, Exhibits
SEC5/12/2026material
8-K — Reg FD disclosure, Exhibits
SEC5/6/2026material
8-K — Reg FD disclosure, Other events, Exhibits
SEC4/24/2026material
10-Q filing
SEC3/25/2026
8-K — Results of operations, Exhibits
SEC3/24/2026material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC2/11/2026material
8-K/A — Executive/director change
SEC1/23/2026
10-Q filing
SEC1/7/2026
8-K — Results of operations, Exhibits
SEC1/6/2026material

2025

8-K — Reg FD disclosure, Other events, Exhibits
SEC12/17/2025material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC12/4/2025material
8-K — Reg FD disclosure, Exhibits
SEC11/13/2025material
8-K — Reg FD disclosure, Other events, Exhibits
SEC11/3/2025material
8-K — Other events, Exhibits
SEC10/2/2025material
8-K — Reg FD disclosure, Other events, Exhibits
SEC9/25/2025material
8-K — Results of operations, Exhibits
SEC9/23/2025material
10-Q filing
SEC9/23/2025
8-K — Shareholder vote results, Exhibits
SEC9/16/2025material
8-K/A — Executive/director change
SEC9/16/2025
8-K — Material agreement, Material financial obligation, Other events, Exhibits
SEC8/14/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.