Filing Flows › AAR (AIR) › Q4 FY25
AAR (AIR) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Jul 22, 2025
AAR (AIR) reported revenue of $754M for the fourth quarter fiscal 2025 (Q4 FY25), +15% from a year earlier and +11% from the quarter before. Operating margin was 6.3%, net earnings $34.0M (4.5% of revenue).
AAR, Q4 FY25: revenue $754M (+15% year over year), operating margin 6.3%, net earnings $34.0M, operating cash flow $51.4M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $754M | +11% | +15% |
| Gross profit | $150M | +14% | +18% |
| Operating profit | $47.6M | — | +250% |
| Net earnings | $34.0M | — | +274% |
| Operating cash flow | $51.4M | — | +110% |
| Free cash flow | $41.4M | — | +144% |
What changed
Revenue was $754.5M in Q4 FY25, up 15% year over year and up 11% from the previous quarter. Parts Supply was the largest line at 40% of revenue.
Gross margin was 19.9%, up 0.5 points from a year earlier. Operating profit was $47.6M, a 6.3% margin (up 4.2 points year over year). Of the extra revenue versus a year earlier, 35% reached operating profit, above the 2% margin then. Operating expenses fell 10% while revenue rose 15%. The fastest-growing cost line was Other operating costs (+33%). Net earnings were $34.0M, up 274% year over year. The effective tax rate was 28.6%.
Operating cash flow was $51.4M (up 110% year over year), 151% of net earnings. Non-cash charges added back $13.7M of depreciation and amortization and $4.3M of share-based compensation. Capital expenditures of $10.0M left free cash flow of $41.4M.
Questions
What was AAR's revenue in the fourth quarter fiscal 2025?
AAR (AIR) reported revenue of $754M for the fourth quarter fiscal 2025 (Q4 FY25), +15% from a year earlier and +11% from the quarter before.
Was AAR profitable in the fourth quarter fiscal 2025?
Operating profit was $47.6M (6.3% of revenue) and net earnings $34.0M.
Source: AAR 10-K on SEC EDGAR.