AAR Corp (AIR)
Net profit margin
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 12,500 | -12,400 | 10,500 | 64,900 | 46,300 | 60,400 | 68,200 | 66,900 | 90,200 | 90,900 | 91,600 | 89,900 | 78,700 | 68,800 | 74,400 | 61,800 | 35,800 | 5,300 | -20,500 | -14,500 |
| Revenue (ttm) | US$ in thousands | 2,780,500 | 2,682,500 | 2,571,600 | 2,430,900 | 2,318,900 | 2,215,700 | 2,169,500 | 2,093,900 | 1,990,500 | 1,913,300 | 1,844,400 | 1,811,200 | 1,820,000 | 1,781,500 | 1,739,600 | 1,706,600 | 1,652,300 | 1,631,200 | 1,774,000 | 1,931,300 |
| Net profit margin | 0.45% | -0.46% | 0.41% | 2.67% | 2.00% | 2.73% | 3.14% | 3.19% | 4.53% | 4.75% | 4.97% | 4.96% | 4.32% | 3.86% | 4.28% | 3.62% | 2.17% | 0.32% | -1.16% | -0.75% |
May 31, 2025 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $12,500K ÷ $2,780,500K
= 0.45%
The net profit margin of AAR Corp exhibits notable variability over the period from August 2020 to May 2025. Initially, in August 2020, the margin was negative at -0.75%, indicating a period of net losses. This negative trend deepened slightly by November 2020, reaching -1.16%. Subsequently, a reversal is observed starting in February 2021, when the margin shifted into positive territory at 0.32%, reflecting the company's return to profitability.
From May 2021 onward, the net profit margin demonstrates a consistent upward trajectory, reaching 2.17% in May 2021 and further improving to 3.62% in August 2021, then to 4.28% in November 2021. The positive momentum continues into 2022, with margins of 3.86% in February, 4.32% in May, and peaking at 4.96% in August, before stabilizing around 4.97% in November 2022. Throughout this period, the margins indicate a solid profitability phase, maintaining levels around 4% to 5%.
In 2023, a slight decline is evident, with margins decreasing from 4.75% in February to 3.19% in August and further to approximately 3.14% in November. The downward trend persists into early 2024, with margins dropping to 2.73% in February, then to 2.00% in May, and modestly rebounding to 2.67% in August. The margins continue to decline sharply in November 2024 to a low of 0.41%. The trend persists into early 2025, with negative margins of -0.46% in February before showing a slight recovery to 0.45% in May.
Overall, the data indicates that AAR Corp experienced a period of losses in late 2020 but achieved a significant and sustained improvement in profitability throughout 2021 and 2022, reaching peak net profit margins near 5%. Since 2023, the company's profit margins have been gradually declining, with intermittent fluctuations, reflecting increased challenges or shifts in operational dynamics. The most recent data suggest a fragile recovery phase, with margins approaching zero and briefly turning negative again in early 2025.
Peer comparison
May 31, 2025