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, Integrated Solutions, and Expeditionary Services. The company leases and sells aircraft components and replacement parts; and designs, manufactures, and repairs transport… Read more
AAR Corp (AIR) - Net Assets
Latest net assets as of November 2025: $1.56 Billion USD
Based on the latest financial reports, AAR Corp (AIR) has net assets worth $1.56 Billion USD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.24 Billion) and total liabilities ($1.68 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.56 Billion |
| % of Total Assets | 48.15% |
| Annual Growth Rate | 6.73% |
| 5-Year Change | 24.34% |
| 10-Year Change | 39.94% |
| Growth Volatility | 10.69 |
AAR Corp - Net Assets Trend (1986–2025)
This chart illustrates how AAR Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for AAR Corp (1986–2025)
The table below shows the annual net assets of AAR Corp from 1986 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-05-31 | $1.21 Billion | +1.83% |
| 2024-05-31 | $1.19 Billion | +8.25% |
| 2023-05-31 | $1.10 Billion | +6.24% |
| 2022-05-31 | $1.03 Billion | +6.17% |
| 2021-05-31 | $974.40 Million | +7.95% |
| 2020-05-31 | $902.60 Million | -0.36% |
| 2019-05-31 | $905.90 Million | -3.25% |
| 2018-05-31 | $936.30 Million | +2.42% |
| 2017-05-31 | $914.20 Million | +5.59% |
| 2016-05-31 | $865.80 Million | +2.45% |
| 2015-05-31 | $845.10 Million | -15.55% |
| 2014-05-31 | $1.00 Billion | +8.83% |
| 2013-05-31 | $919.50 Million | +6.18% |
| 2012-05-31 | $866.00 Million | +3.68% |
| 2011-05-31 | $835.29 Million | +11.92% |
| 2010-05-31 | $746.35 Million | +7.12% |
| 2009-05-31 | $696.73 Million | +19.05% |
| 2008-05-31 | $585.25 Million | +18.41% |
| 2007-05-31 | $494.24 Million | +16.92% |
| 2006-05-31 | $422.72 Million | +34.31% |
| 2005-05-31 | $314.74 Million | +4.33% |
| 2004-05-31 | $301.68 Million | +2.27% |
| 2003-05-31 | $294.99 Million | -4.91% |
| 2002-05-31 | $310.24 Million | -8.81% |
| 2001-05-31 | $340.21 Million | +1.10% |
| 2000-05-31 | $336.49 Million | +3.22% |
| 1999-05-31 | $326.00 Million | +8.34% |
| 1998-05-31 | $300.90 Million | +11.75% |
| 1997-05-31 | $269.26 Million | +31.58% |
| 1996-05-31 | $204.63 Million | +3.81% |
| 1995-05-31 | $197.12 Million | +4.03% |
| 1994-05-31 | $189.49 Million | +0.15% |
| 1993-05-31 | $189.20 Million | -3.81% |
| 1992-05-31 | $196.70 Million | +1.50% |
| 1991-05-31 | $193.80 Million | +2.27% |
| 1990-05-31 | $189.50 Million | +10.43% |
| 1989-05-31 | $171.60 Million | +14.02% |
| 1988-05-31 | $150.50 Million | +12.06% |
| 1987-05-31 | $134.30 Million | +40.78% |
| 1986-05-31 | $95.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to AAR Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2837.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (May 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $969.40 Million | 80.01% |
| Common Stock | $45.30 Million | 3.74% |
| Other Comprehensive Income | $-5.60 Million | -0.46% |
| Other Components | $202.50 Million | 16.71% |
| Total Equity | $1.21 Billion | 100.00% |
AAR Corp Competitors by Market Cap
The table below lists competitors of AAR Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
37 Interactive Entertainment Network Technology Group Co Ltd
SHE:002555
|
$4.16 Billion |
|
Sailun Jinyu Group Co Ltd
SHG:601058
|
$4.16 Billion |
|
Seiko Epson Corporation
PINK:SEKEF
|
$4.16 Billion |
|
Samsung Securities
KO:016360
|
$4.16 Billion |
|
Nordnet AB
ST:SAVE
|
$4.15 Billion |
|
TTVSY
PINK:TTVSY
|
$4.15 Billion |
|
Broadex Technologies Co Ltd
SHE:300548
|
$4.15 Billion |
|
Hua Hong Semiconductor Limited
PINK:HHUSF
|
$4.15 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AAR Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,189,800,000 to 1,211,600,000, a change of 21,800,000 (1.8%).
- Net income of 12,500,000 contributed positively to equity growth.
- Share repurchases of 10,100,000 reduced equity.
- Other comprehensive income increased equity by 3,200,000.
- Other factors increased equity by 16,200,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $12.50 Million | +1.03% |
| Share Repurchases | $10.10 Million | -0.83% |
| Other Comprehensive Income | $3.20 Million | +0.26% |
| Other Changes | $16.20 Million | +1.34% |
| Total Change | $- | 1.83% |
Book Value vs Market Value Analysis
This analysis compares AAR Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.21x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 23.00x to 3.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-05-31 | $4.73 | $108.76 | x |
| 1987-05-31 | $5.84 | $108.76 | x |
| 1988-05-31 | $6.32 | $108.76 | x |
| 1989-05-31 | $7.20 | $108.76 | x |
| 1990-05-31 | $7.89 | $108.76 | x |
| 1991-05-31 | $8.12 | $108.76 | x |
| 1992-05-31 | $8.26 | $108.76 | x |
| 1993-05-31 | $6.31 | $108.76 | x |
| 1994-05-31 | $7.95 | $108.76 | x |
| 1995-05-31 | $8.26 | $108.76 | x |
| 1996-05-31 | $8.52 | $108.76 | x |
| 1997-05-31 | $10.76 | $108.76 | x |
| 1998-05-31 | $10.70 | $108.76 | x |
| 1999-05-31 | $11.65 | $108.76 | x |
| 2000-05-31 | $12.53 | $108.76 | x |
| 2001-05-31 | $12.67 | $108.76 | x |
| 2002-05-31 | $10.95 | $108.76 | x |
| 2003-05-31 | $9.27 | $108.76 | x |
| 2004-05-31 | $9.47 | $108.76 | x |
| 2005-05-31 | $9.37 | $108.76 | x |
| 2006-05-31 | $11.30 | $108.76 | x |
| 2007-05-31 | $11.80 | $108.76 | x |
| 2008-05-31 | $13.38 | $108.76 | x |
| 2009-05-31 | $16.28 | $108.76 | x |
| 2010-05-31 | $17.33 | $108.76 | x |
| 2011-05-31 | $19.16 | $108.76 | x |
| 2012-05-31 | $20.06 | $108.76 | x |
| 2013-05-31 | $22.63 | $108.76 | x |
| 2014-05-31 | $25.56 | $108.76 | x |
| 2015-05-31 | $21.45 | $108.76 | x |
| 2016-05-31 | $25.02 | $108.76 | x |
| 2017-05-31 | $26.65 | $108.76 | x |
| 2018-05-31 | $27.06 | $108.76 | x |
| 2019-05-31 | $25.96 | $108.76 | x |
| 2020-05-31 | $25.79 | $108.76 | x |
| 2021-05-31 | $27.60 | $108.76 | x |
| 2022-05-31 | $28.74 | $108.76 | x |
| 2023-05-31 | $31.31 | $108.76 | x |
| 2024-05-31 | $33.61 | $108.76 | x |
| 2025-05-31 | $33.84 | $108.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AAR Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.03%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.45%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 2.35x
- Recent ROE (1.03%) is below the historical average (6.27%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 12.05% | 4.64% | 1.25x | 2.08x | $1.96 Million |
| 1987 | 11.47% | 5.16% | 1.27x | 1.75x | $1.97 Million |
| 1988 | 14.09% | 6.10% | 1.22x | 1.89x | $6.15 Million |
| 1989 | 14.45% | 6.10% | 1.14x | 2.08x | $7.64 Million |
| 1990 | 13.56% | 5.78% | 1.15x | 2.05x | $6.75 Million |
| 1991 | 7.64% | 3.17% | 1.23x | 1.96x | $-4.58 Million |
| 1992 | 5.08% | 2.37% | 1.07x | 2.01x | $-9.67 Million |
| 1993 | 0.16% | 0.08% | 1.05x | 1.93x | $-18.62 Million |
| 1994 | 5.01% | 2.33% | 0.98x | 2.20x | $-9.45 Million |
| 1995 | 5.31% | 2.32% | 1.06x | 2.16x | $-9.25 Million |
| 1996 | 7.82% | 3.17% | 1.15x | 2.14x | $-4.45 Million |
| 1997 | 8.55% | 3.91% | 1.11x | 1.97x | $-3.90 Million |
| 1998 | 11.85% | 4.56% | 1.17x | 2.23x | $5.57 Million |
| 1999 | 12.78% | 4.54% | 1.26x | 2.23x | $9.07 Million |
| 2000 | 10.45% | 3.43% | 1.39x | 2.19x | $1.51 Million |
| 2001 | 5.45% | 2.12% | 1.25x | 2.06x | $-15.49 Million |
| 2002 | -19.00% | -9.23% | 0.90x | 2.29x | $-89.96 Million |
| 2003 | -4.21% | -2.05% | 0.88x | 2.33x | $-41.91 Million |
| 2004 | 1.16% | 0.54% | 0.92x | 2.35x | $-26.66 Million |
| 2005 | 4.91% | 2.07% | 1.02x | 2.33x | $-16.02 Million |
| 2006 | 8.32% | 3.92% | 0.92x | 2.32x | $-7.11 Million |
| 2007 | 11.87% | 5.53% | 0.99x | 2.16x | $9.24 Million |
| 2008 | 12.84% | 5.43% | 1.02x | 2.33x | $16.62 Million |
| 2009 | 11.29% | 5.52% | 1.03x | 1.97x | $8.98 Million |
| 2010 | 5.98% | 3.30% | 0.90x | 2.01x | $-30.06 Million |
| 2011 | 8.36% | 3.93% | 1.04x | 2.04x | $-13.70 Million |
| 2012 | 7.83% | 3.28% | 0.94x | 2.54x | $-18.74 Million |
| 2013 | 5.99% | 2.57% | 1.00x | 2.33x | $-36.86 Million |
| 2014 | 7.29% | 3.58% | 0.93x | 2.20x | $-27.05 Million |
| 2015 | 1.21% | 0.64% | 1.10x | 1.72x | $-74.31 Million |
| 2016 | 5.51% | 2.87% | 1.14x | 1.68x | $-38.88 Million |
| 2017 | 6.18% | 3.20% | 1.18x | 1.65x | $-34.92 Million |
| 2018 | 1.67% | 0.89% | 1.15x | 1.63x | $-78.03 Million |
| 2019 | 0.83% | 0.37% | 1.35x | 1.67x | $-83.09 Million |
| 2020 | 2.75% | 1.20% | 1.00x | 2.30x | $-65.46 Million |
| 2021 | 3.67% | 2.17% | 1.07x | 1.58x | $-61.64 Million |
| 2022 | 7.61% | 4.32% | 1.16x | 1.52x | $-24.75 Million |
| 2023 | 8.21% | 4.53% | 1.09x | 1.67x | $-19.71 Million |
| 2024 | 3.89% | 2.00% | 0.84x | 2.33x | $-72.68 Million |
| 2025 | 1.03% | 0.45% | 0.98x | 2.35x | $-108.66 Million |
Industry Comparison
This section compares AAR Corp's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $238,756,605
- Average return on equity (ROE) among peers: 31.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AAR Corp (AIR) | $1.56 Billion | 12.05% | 1.08x | $4.16 Billion |
| Alabama Aircraft Industries Inc (AAIIQ) | $3.00 Million | 70.00% | 22.83x | $0.97 |
| AAC Clyde Space AB (ACCMF) | $662.75 Million | -6.24% | 0.42x | $49.09 Million |
| Archer Aviation Inc (ACHR) | $698.90 Million | -49.76% | 0.10x | $3.44 Billion |
| American Defense Systems Inc (ADFS) | $9.01 Million | 34.56% | 0.45x | $4.85K |
| Air Industries Group (AIRI) | $21.61 Million | 17.30% | 1.32x | $12.09 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $548.73 Million | -7.05% | 0.28x | $168.72 Million |
| Philly Shipyard ASA (AKRRF) | $155.58 Million | 43.21% | 0.63x | $13.32 Million |
| ASI Aviation Inc (ASAV) | $6.88 | 150.58% | 2.47x | $2.48 Million |
| Astronics Corporation (ATRO) | $49.23 Million | 31.26% | 1.11x | $2.35 Billion |