Filing Flows › AAR (AIR) › Q4 FY26 › vs Q4 FY25
AAR (AIR) Q4 FY26 vs Q4 FY25 (year over year)
AAR's revenue rose $174M (+23%) from $754M in Q4 FY25 to $928M in Q4 FY26. Gross margin 19.0% against 19.9% (-0.9 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 Q4 FY25, the increases inside each band.
Margins
| Q4 FY26 | Q4 FY25 | Change | |
|---|---|---|---|
| Gross margin | 19.0% | 19.9% | -0.9 pts |
| Operating margin | 6.2% | 6.3% | -0.1 pts |
| Net margin | 5.5% | 4.5% | +1.0 pts |
| Free cash flow margin | 4.7% | 5.5% | -0.8 pts |
Every line
| Line | Q4 FY26 | Q4 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $928M | $754M | $174M | +23% |
| Gross profit | $177M | $150M | $26.5M | +18% |
| Cost of revenue | $751M | $604M | $147M | +24% |
| Operating profit | $57.7M | $47.6M | $10.1M | +21% |
| Operating expenses | $119M | $103M | $16.4M | +16% |
| Pre-tax earnings | $57.7M | $47.6M | $10.1M | +21% |
| SG&A | $99.6M | $77.4M | $22.2M | +29% |
| Other operating costs | $19.4M | $25.2M | −$5.8M | -23% |
| Net earnings | $50.7M | $34.0M | $16.7M | +49% |
| Income tax | $7.0M | $13.6M | −$6.6M | -49% |
| Depreciation & amortization | $21.0M | $13.7M | $7.3M | +53% |
| Share-based compensation | $4.5M | $4.3M | $200K | +5% |
| Working capital & other | $20.9M | $600K | $20.3M | 35× |
| Operating cash flow | $55.3M | $51.4M | $3.9M | +8% |
| Free cash flow (OCF − capex) | $43.3M | $41.4M | $1.9M | +5% |
| Capital expenditures | $12.0M | $10.0M | $2.0M | +20% |
Questions
How much did AAR's revenue grow year over year in Q4 FY26?
AAR's revenue rose $174M (+23%) from $754M in Q4 FY25 to $928M in Q4 FY26. Gross margin 19.0% against 19.9% (-0.9 pts).