Short answer
AAR CORP (AIR) filed its fiscal 2025 10-K annual report with the SEC on Jul 22, 2025. It reported revenue of $2.8B (+19.9% year over year) and net income of $13M.
- Top risk flagged: Regulatory/legal risk: Compliance with National Institute of Standards and Technology cybersecurity framework, overseen by Audit Committee and Board of Directors
FY2025 key financial metrics · XBRL
- Revenue
- $2.8B
- +19.9% YoY
- Net income
- $13M
- −73.0% YoY
- Gross margin
- 19.0%
- −0.1 pp YoY
- EPS (diluted)
- $0.35
- −72.9% YoY
- ROE
- 1.0%
- −2.9 pp YoY
- Operating cash flow
- $36M
- −17.2% YoY
Source: XBRL data from the AAR CORP (AIR) FY2025 10-K on SEC EDGAR. USD.
AAR CORP FY2025 10-K analysis
AI summary of each section, grounded in the filing text
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
Generated from the filing text; verify against the original. How to read a 10-K
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