AAR Corp (AIR) - Net Assets
Based on the latest financial reports, AAR Corp (AIR) has net assets worth $1.70 Billion USD as of May 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.36 Billion) and total liabilities ($1.65 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. Check AAR Corp (AIR) strategic asset index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.70 Billion |
| % of Total Assets | 50.77% |
| Annual Growth Rate | 7.47% |
| 5-Year Change | 64.7% |
| 10-Year Change | 86.37% |
| Growth Volatility | 11.78 |
AAR Corp - Net Assets Trend (1986–2026)
This chart illustrates how AAR Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of AAR Corp.
Annual Net Assets for AAR Corp (1986–2026)
The table below shows the annual net assets of AAR Corp from 1986 to 2026. Also explore AIR shareholders equity momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-05-31 | $1.70 Billion | +40.62% |
| 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 3406.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (May 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.16 Billion | 67.91% |
| Common Stock | $48.80 Million | 2.86% |
| Other Comprehensive Income | $-3.90 Million | -0.23% |
| Other Components | $501.80 Million | 29.45% |
| Total Equity | $1.70 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 |
|---|---|
|
Poonawalla Fincorp Limited
NSE:POONAWALLA
|
$4.54 Billion |
|
BARRATT DEVEL. UNSP.ADR/2
F:3BAA
|
$4.54 Billion |
|
Thai Oil Public Company Limited
BK:TOP
|
$4.54 Billion |
|
Insight Enterprises Inc
NASDAQ:NSIT
|
$4.55 Billion |
|
ALMONTY INDUSTRIES CDIS/1
F:ALI0
|
$4.54 Billion |
|
PLDT Inc ADR
NYSE:PHI
|
$4.54 Billion |
|
X-Energy, Inc. Class A Common Stock
NASDAQ:XE
|
$4.53 Billion |
|
AAC TECHNOLOG.HLDG.ADR/
F:A2X
|
$4.53 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 2025 to 2026, total equity changed from 1,211,600,000 to 1,703,800,000, a change of 492,200,000 (40.6%).
- Net income of 187,700,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 1,700,000.
- Other factors increased equity by 302,800,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $187.70 Million | +11.02% |
| Other Comprehensive Income | $1.70 Million | +0.1% |
| Other Changes | $302.80 Million | +17.77% |
| Total Change | $- | 40.62% |
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: 2.54x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 23.85x to 2.54x 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 | $112.77 | x |
| 1987-05-31 | $5.84 | $112.77 | x |
| 1988-05-31 | $6.32 | $112.77 | x |
| 1989-05-31 | $7.20 | $112.77 | x |
| 1990-05-31 | $7.89 | $112.77 | x |
| 1991-05-31 | $8.12 | $112.77 | x |
| 1992-05-31 | $8.26 | $112.77 | x |
| 1993-05-31 | $6.31 | $112.77 | x |
| 1994-05-31 | $7.95 | $112.77 | x |
| 1995-05-31 | $8.26 | $112.77 | x |
| 1996-05-31 | $8.52 | $112.77 | x |
| 1997-05-31 | $10.76 | $112.77 | x |
| 1998-05-31 | $10.70 | $112.77 | x |
| 1999-05-31 | $11.65 | $112.77 | x |
| 2000-05-31 | $12.53 | $112.77 | x |
| 2001-05-31 | $12.67 | $112.77 | x |
| 2002-05-31 | $10.95 | $112.77 | x |
| 2003-05-31 | $9.27 | $112.77 | x |
| 2004-05-31 | $9.47 | $112.77 | x |
| 2005-05-31 | $9.37 | $112.77 | x |
| 2006-05-31 | $11.30 | $112.77 | x |
| 2007-05-31 | $11.80 | $112.77 | x |
| 2008-05-31 | $13.38 | $112.77 | x |
| 2009-05-31 | $16.28 | $112.77 | x |
| 2010-05-31 | $17.33 | $112.77 | x |
| 2011-05-31 | $19.16 | $112.77 | x |
| 2012-05-31 | $20.06 | $112.77 | x |
| 2013-05-31 | $22.63 | $112.77 | x |
| 2014-05-31 | $25.56 | $112.77 | x |
| 2015-05-31 | $21.45 | $112.77 | x |
| 2016-05-31 | $25.02 | $112.77 | x |
| 2017-05-31 | $26.65 | $112.77 | x |
| 2018-05-31 | $27.06 | $112.77 | x |
| 2019-05-31 | $25.96 | $112.77 | x |
| 2020-05-31 | $25.79 | $112.77 | x |
| 2021-05-31 | $27.60 | $112.77 | x |
| 2022-05-31 | $28.74 | $112.77 | x |
| 2023-05-31 | $31.31 | $112.77 | x |
| 2024-05-31 | $33.61 | $112.77 | x |
| 2025-05-31 | $33.84 | $112.77 | x |
| 2026-05-31 | $44.37 | $112.77 | 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): 11.02%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.67%
- • Asset Turnover: 0.99x
- • Equity Multiplier: 1.97x
- Recent ROE (11.02%) is above the historical average (6.39%), indicating improving 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 |
| 2026 | 11.02% | 5.67% | 0.99x | 1.97x | $17.32 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: $1,725,933,511
- Average return on equity (ROE) among peers: -3.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AAR Corp (AIR) | $1.70 Billion | 12.05% | 0.97x | $4.54 Billion |
| Archer Aviation Inc (ACHR) | $2.20 Billion | -28.06% | 0.12x | $4.05 Billion |
| Air Industries Group (AIRI) | $6.87 Million | -4.91% | 2.62x | $14.65 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $595.46 Million | -5.45% | 0.24x | $191.95 Million |
| Arxis, Inc. Class A Common Stock (ARXS) | $4.20 Billion | -1.19% | 0.64x | $4.69 Billion |
| Astronics Corporation (ATRO) | $22.66 Million | -3.24% | 1.00x | $2.09 Billion |
| AeroVironment Inc (AVAV) | $136.42 Million | 15.19% | 0.23x | $8.09 Billion |
| AEVEX Corp. (AVEX) | $590.07 Million | -0.14% | 0.37x | $914.82 Million |
| Axon Enterprise Inc. (AXON) | $82.17 Million | -8.57% | 0.28x | $36.37 Billion |
| The Boeing Company (BA) | $7.70 Billion | 6.39% | 5.80x | $156.24 Billion |
About 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, and Software; Government Solutions; and Legacy Commercial Programs. The company sells and leases used serviceable material and aftermarket distribution of new, and origina… Read more