Filing Flows › AAR (AIR) › Q1 FY27 › vs Q4 FY26
AAR (AIR) Q1 FY27 vs Q4 FY26 (quarter over quarter)
AAR's revenue fell $10.0M (-1%) from $928M in Q4 FY26 to $918M in Q1 FY27. Gross margin 19.2% against 19.0% (+0.2 pts).
AAR, Q1 FY27: revenue $918M (+24% year over year), operating margin 6.0%, net earnings $40.1M, operating cash flow $55.8M. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 19.2% | 19.0% | +0.2 pts |
| Operating margin | 6.0% | 6.2% | -0.2 pts |
| Net margin | 4.4% | 5.5% | -1.1 pts |
| Free cash flow margin | 4.8% | 4.7% | +0.1 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $918M | $928M | −$10.0M | -1% |
| Gross profit | $176M | $177M | −$400K | -0.2% |
| Cost of revenue | $742M | $751M | −$9.6M | -1% |
| Operating profit | $55.4M | $57.7M | −$2.3M | -4% |
| Operating expenses | $121M | $119M | $1.9M | +2% |
| Pre-tax earnings | $55.4M | $57.7M | −$2.3M | -4% |
| SG&A | $107M | $99.6M | $7.4M | +7% |
| Other operating costs | $13.9M | $19.4M | −$5.5M | -28% |
| Net earnings | $40.1M | $50.7M | −$10.6M | -21% |
| Income tax | $15.3M | $7.0M | $8.3M | +119% |
| Depreciation & amortization | $18.8M | $21.0M | −$2.2M | -10% |
| Share-based compensation | $7.8M | $4.5M | $3.3M | +73% |
| Working capital & other | $10.9M | $20.9M | −$10.0M | -48% |
| Operating cash flow | $55.8M | $55.3M | $500K | +0.9% |
| Free cash flow (OCF − capex) | $44.0M | $43.3M | $700K | +2% |
| Capital expenditures | $11.8M | $12.0M | −$200K | -2% |
Questions
How much did AAR's revenue grow quarter over quarter in Q1 FY27?
AAR's revenue fell $10.0M (-1%) from $928M in Q4 FY26 to $918M in Q1 FY27. Gross margin 19.2% against 19.0% (+0.2 pts).