AAR Corp Net Assets
AAR Corp 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. Also explore AAR Corp (AIR) equity growth momentum to track the company's year-over-year net asset growth rate.
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 |
Net Assets of AAR Corp (1986–2026)
Net assets of AAR Corp from 1986 to 2026. This chart illustrates how AAR Corp's net assets have evolved over time, based on quarterly financial data. See AAR Corp balance sheet quality to measure how much of total assets are equity-financed.
Annual Net Assets for AAR Corp (1986–2026)
The table below shows the annual net assets of AAR Corp from 1986 to 2026. For live market cap and overall valuation, see AIR stock market capitalisation.
| 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.
AAR Corp Net Assets Breakdown (May 2026)
AAR Corp net assets breakdown by equity component as of 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 |
|---|---|
|
Golar LNG Limited
NASDAQ:GLNG
|
$4.40 Billion |
|
Banco Macro SA B
BA:BMA
|
$4.40 Billion |
|
Novanta Inc
F:1GSN
|
$4.40 Billion |
|
Suven Pharmaceuticals Limited
NSE:SUVENPHAR
|
$4.40 Billion |
|
Turkcell Iletisim Hizmetleri AS ORD
IS:TCELL
|
$4.39 Billion |
|
Walsin Lihwa Corp
TW:1605
|
$4.39 Billion |
|
Union Bank of Taiwan Pref
TW:2838A
|
$4.39 Billion |
|
Emmi AG
SW:EMMN
|
$4.39 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: 2.46x
- 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 23.10x to 2.46x 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 | $109.21 | x |
| 1987-05-31 | $5.84 | $109.21 | x |
| 1988-05-31 | $6.32 | $109.21 | x |
| 1989-05-31 | $7.20 | $109.21 | x |
| 1990-05-31 | $7.89 | $109.21 | x |
| 1991-05-31 | $8.12 | $109.21 | x |
| 1992-05-31 | $8.26 | $109.21 | x |
| 1993-05-31 | $6.31 | $109.21 | x |
| 1994-05-31 | $7.95 | $109.21 | x |
| 1995-05-31 | $8.26 | $109.21 | x |
| 1996-05-31 | $8.52 | $109.21 | x |
| 1997-05-31 | $10.76 | $109.21 | x |
| 1998-05-31 | $10.70 | $109.21 | x |
| 1999-05-31 | $11.65 | $109.21 | x |
| 2000-05-31 | $12.53 | $109.21 | x |
| 2001-05-31 | $12.67 | $109.21 | x |
| 2002-05-31 | $10.95 | $109.21 | x |
| 2003-05-31 | $9.27 | $109.21 | x |
| 2004-05-31 | $9.47 | $109.21 | x |
| 2005-05-31 | $9.37 | $109.21 | x |
| 2006-05-31 | $11.30 | $109.21 | x |
| 2007-05-31 | $11.80 | $109.21 | x |
| 2008-05-31 | $13.38 | $109.21 | x |
| 2009-05-31 | $16.28 | $109.21 | x |
| 2010-05-31 | $17.33 | $109.21 | x |
| 2011-05-31 | $19.16 | $109.21 | x |
| 2012-05-31 | $20.06 | $109.21 | x |
| 2013-05-31 | $22.63 | $109.21 | x |
| 2014-05-31 | $25.56 | $109.21 | x |
| 2015-05-31 | $21.45 | $109.21 | x |
| 2016-05-31 | $25.02 | $109.21 | x |
| 2017-05-31 | $26.65 | $109.21 | x |
| 2018-05-31 | $27.06 | $109.21 | x |
| 2019-05-31 | $25.96 | $109.21 | x |
| 2020-05-31 | $25.79 | $109.21 | x |
| 2021-05-31 | $27.60 | $109.21 | x |
| 2022-05-31 | $28.74 | $109.21 | x |
| 2023-05-31 | $31.31 | $109.21 | x |
| 2024-05-31 | $33.61 | $109.21 | x |
| 2025-05-31 | $33.84 | $109.21 | x |
| 2026-05-31 | $44.37 | $109.21 | 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: $1,343,983,825
- Average return on equity (ROE) among peers: 7.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AAR Corp (AIR) | $1.70 Billion | 12.05% | 0.97x | $4.40 Billion |
| Archer Aviation Inc (ACHR) | $2.20 Billion | -28.06% | 0.12x | $3.42 Billion |
| Air Industries Group (AIRI) | $21.61 Million | 17.30% | 1.32x | $14.65 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $548.73 Million | -7.05% | 0.28x | $142.86 Million |
| Arxis, Inc. Class A Common Stock (ARXS) | $2.98 Billion | -1.86% | 1.12x | $4.50 Billion |
| Astronics Corporation (ATRO) | $8.20 Million | 12.20% | 2.70x | $1.74 Billion |
| AeroVironment Inc (AVAV) | $612.11 Million | 3.81% | 0.52x | $5.71 Billion |
| AEVEX Corp. (AVEX) | $164.27 Million | 47.82% | 2.39x | $576.00 Million |
| Axon Enterprise Inc. (AXON) | $157.00 Million | 12.70% | 0.46x | $25.43 Billion |
| The Boeing Company (BA) | $5.40 Billion | 11.36% | 1.33x | $136.69 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