AAR CORP (AIR) FY2025 10-K Annual Report
AAR CORP (AIR) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Jul 22, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
AAR CORP FY2025 10-K Analysis
Business Overview
- • Core business model not detailed; content mostly references proxy statement incorporations
- • No new products, services, or segments introduced or emphasized this year
- • No strategic shifts or changed competitive positioning disclosed in this filing
- • Key quantitative data absent; focus on governance and compliance disclosures incorporated by reference
- • Entire business section redirects to proxy statement; unusual absence of substantive business narrative in 10-K itself
Management Discussion & Analysis
- • Revenue $2,780.5M, up 19.9% YoY; Commercial $1,976.1M (+20.6%), Government $804.4M (+18.1%)
- • Operating margin increased: Parts Supply 14.3% vs 11.4%, Repair & Engineering 9.2% vs 8.2%, Integrated Solutions 5.2% vs 3.7%, Expeditionary Services 10.0% vs 5.0%
- • Best segment: Repair & Engineering operating income $81.2M (+54.7%); Worst segment: Integrated Solutions sales growth lowest at 8.3%
- • Cash $96.5M; borrowings $427M; $550M senior notes issued; capital allocation includes acquisition of Product Support business, ongoing expansions, no specific buyback/dividend numbers disclosed
- • Management outlook positive on aftermarket growth; investing in digital and expansion projects; emerging risks include FCPA settlement costs and component services inefficiency impacting government margins
Risk Factors
- • Regulatory/legal risk: Compliance with National Institute of Standards and Technology cybersecurity framework, overseen by Audit Committee and Board of Directors
- • Operational/supply chain risk: Reliance on third-party managed security services for continuous cybersecurity threat detection and system monitoring
- • Competitive/market risk: Cybersecurity threats potentially disrupting operations despite multi-layered defense and applied threat intelligence strategies
- • Financial/structural risk: Key-person dependency on CISO with 35 years IT experience and Top Secret clearance leading cybersecurity strategy and reporting directly to CEO
AAR CORP FY2025 Key Financial MetricsXBRL
Revenue
$2.8B
▲ +19.9% YoY
Net Income
$13M
▼ -73.0% YoY
Gross Margin
19.0%
▼ -10bp YoY
Net Margin
0.4%
▼ -155bp YoY
ROE
1.0%
▼ -286bp YoY
Total Assets
$2.8B
▲ +2.7% YoY
EPS (Diluted)
$0.35
▼ -72.9% YoY
Operating Cash Flow
$36M
▼ -17.2% YoY
Source: XBRL data from AAR CORP FY2025 10-K filing on SEC EDGAR. All figures in USD.
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