Filing Flows › AAR (AIR) › Q4 FY26 › vs Q3 FY26
AAR (AIR) Q4 FY26 vs Q3 FY26 (quarter over quarter)
AAR's revenue rose $82.9M (+10%) from $845M in Q3 FY26 to $928M in Q4 FY26. Gross margin 19.0% against 18.3% (+0.7 pts).
AAR, Q4 FY26: revenue $928M (+23% year over year), operating margin 6.2%, net earnings $50.7M, operating cash flow $55.3M. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Gross margin | 19.0% | 18.3% | +0.7 pts |
| Operating margin | 6.2% | 11.0% | -4.8 pts |
| Net margin | 5.5% | 8.0% | -2.6 pts |
| Free cash flow margin | 4.7% | 7.8% | -3.2 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $928M | $845M | $82.9M | +10% |
| Gross profit | $177M | $155M | $22.0M | +14% |
| Cost of revenue | $751M | $690M | $60.9M | +9% |
| Operating profit | $57.7M | $93.1M | −$35.4M | -38% |
| Operating expenses | $119M | $61.6M | $57.4M | +93% |
| Pre-tax earnings | $57.7M | $93.1M | −$35.4M | -38% |
| Net earnings | $50.7M | $68.0M | −$17.3M | -25% |
| Income tax | $7.0M | $25.1M | −$18.1M | -72% |
| Depreciation & amortization | $21.0M | $20.2M | $800K | +4% |
| Share-based compensation | $4.5M | $3.7M | $800K | +22% |
| Working capital & other | $20.9M | $17.2M | $3.7M | +22% |
| Operating cash flow | $55.3M | $74.7M | −$19.4M | -26% |
| Free cash flow (OCF − capex) | $43.3M | $66.2M | −$22.9M | -35% |
| Capital expenditures | $12.0M | $8.5M | $3.5M | +41% |
Questions
How much did AAR's revenue grow quarter over quarter in Q4 FY26?
AAR's revenue rose $82.9M (+10%) from $845M in Q3 FY26 to $928M in Q4 FY26. Gross margin 19.0% against 18.3% (+0.7 pts).