Explain this page
Arphra AIPlain-English read on AAR Corp.’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|---|---|---|---|
| Headline | |||||||||
| Market cap | — | — | — | $2.49B | $2.19B | — | — | — | — |
| Enterprise value | — | — | — | $3.47B | $3.14B | — | — | — | — |
| Multiples | |||||||||
| P / E | — | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | 1.50 | 1.13 | — | — | — | — |
| EV / FCF | — | — | — | 249.76 | 2240.93 | — | — | — | — |
| Yields | |||||||||
| Earnings yield | — | — | — | +1.86% | +0.57% | — | — | — | — |
| Free cash flow yield | — | — | — | +0.56% | +0.06% | — | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|---|---|---|---|
| Margins | |||||||||
| Gross margin | +16.70% | +17.21% | +18.59% | +19.07% | +18.98% | +18.62% | +18.90% | +19.43% | +18.52% |
| Operating margin | +5.16% | +5.87% | +6.73% | +5.57% | +6.66% | +6.50% | +6.47% | +6.49% | +6.39% |
| EBITDA margin | +4.42% | +7.92% | +8.10% | +6.15% | +6.10% | +6.96% | +6.62% | +6.84% | +6.75% |
| EBIT margin | +2.23% | +6.10% | +6.70% | +4.38% | +4.11% | +5.09% | +5.12% | +4.97% | +4.97% |
| Pre-tax margin | +3.90% | +5.77% | +6.09% | +2.51% | +1.40% | +3.35% | +3.27% | +3.24% | +3.38% |
| Net margin | +2.17% | +4.32% | +4.53% | +2.00% | +0.45% | +2.29% | +2.33% | +2.27% | +2.29% |
| Cost structure | |||||||||
| Cost of revenue / sales | +83.30% | +82.79% | +81.41% | +80.93% | +81.02% | +82.92% | +79.37% | +81.27% | +79.91% |
| R&D intensity | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| SG&A intensity | +11.04% | +11.11% | +11.57% | +12.08% | +12.50% | +11.71% | +12.12% | +11.72% | +11.73% |
| Effective tax rate | +28.22% | +25.31% | +25.91% | +20.58% | +67.87% | +23.08% | +24.39% | +23.98% | +23.53% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| Return on equity (ROE) | +3.67% | +7.61% | +8.21% | +3.89% | +1.03% | +4.55% | +4.71% | +4.53% | +4.58% |
| Return on assets (ROA) | +2.33% | +5.00% | +4.92% | +1.67% | +0.44% | +2.15% | +2.17% | +2.20% | +2.24% |
| Return on capital (ROC) | +7.29% | +8.98% | +9.45% | +5.73% | +8.20% | +7.78% | +7.78% | +7.88% | +7.73% |
| Return on invested capital (ROIC) | +3.07% | +6.61% | +6.37% | +2.05% | +0.55% | +2.74% | +2.80% | +2.75% | +2.78% |
| Asset turnover | +107.31% | +115.64% | +108.59% | +83.71% | +97.75% | +93.98% | +93.00% | +97.04% | +97.77% |
| DuPont · ROE decomposition | |||||||||
| Net margin | +2.17% | +4.32% | +4.53% | +2.00% | +0.45% | +2.29% | +2.33% | +2.27% | +2.29% |
| Asset turnover (× revenue / assets) | +107.31% | +115.64% | +108.59% | +83.71% | +97.75% | +93.98% | +93.00% | +97.04% | +97.77% |
| Equity multiplier (× assets / equity) | +158.02% | +152.14% | +166.78% | +232.81% | +234.78% | +211.55% | +217.24% | +205.80% | +204.13% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Asset turnover | 1.07 | 1.16 | 1.09 | 0.84 | 0.98 | 0.94 | 0.93 | 0.97 | 0.98 |
| Fixed-asset turnover | 8.44 | 9.97 | 10.49 | 8.64 | 11.04 | — | — | — | — |
| Inventory turnover | 2.55 | 2.74 | 2.82 | 2.56 | 2.78 | — | — | — | — |
| Receivables turnover | 6.92 | 6.33 | 6.06 | 5.65 | 5.62 | — | — | — | — |
| Payables turnover | 10.82 | 9.63 | 10.22 | 7.88 | 7.43 | — | — | — | — |
| Days outstanding | |||||||||
| Days sales outstanding (DSO) | 52.71 | 57.68 | 60.18 | 64.60 | 64.99 | — | — | — | — |
| Days inventory outstanding (DIO) | 143.36 | 133.35 | 129.32 | 142.59 | 131.11 | — | — | — | — |
| Days payables outstanding (DPO) | 33.73 | 37.89 | 35.70 | 46.29 | 49.11 | — | — | — | — |
| Cash conversion cycle | 162.34 | 153.14 | 153.80 | 160.90 | 146.99 | — | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 2.94 | 0.96 | 0.26 | 0.94 | 2.89 | 0.61 | 0.61 | 0.62 | 0.64 |
| FCF / Net income | 2.62 | 0.74 | -0.07 | 0.30 | 0.11 | 0.05 | 0.05 | 0.05 | 0.05 |
| FCF margin | +5.68% | +3.18% | -0.31% | +0.60% | +0.05% | +0.11% | +0.11% | +0.11% | +0.11% |
| OCF margin | +6.37% | +4.13% | +1.17% | +1.88% | +1.30% | +1.41% | +1.43% | +1.41% | +1.47% |
| CapEx / Revenue | +0.68% | +0.95% | +1.48% | +1.28% | +1.25% | +1.33% | +1.35% | +1.30% | +1.37% |
| CapEx / D&A | 0.31 | 0.52 | 1.06 | 0.72 | 0.63 | — | — | — | — |
| Stock-based comp / Revenue | +0.56% | +0.45% | +0.68% | +0.66% | +0.72% | — | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|---|---|---|---|
| EPS · diluted | 1.00 | 2.16 | 2.53 | 1.29 | 0.35 | 5.65 | 6.57 | 7.32 | 8.55 |
| EPS · basic | 1.01 | 2.19 | 2.56 | 1.30 | 0.35 | 5.74 | 6.61 | 7.29 | 8.69 |
| Book value / share | 27.60 | 28.74 | 31.31 | 33.61 | 33.84 | 51.09 | 52.99 | 57.73 | 61.28 |
| Tangible BV / share | 24.10 | 25.41 | 24.49 | 11.29 | 12.88 | 51.09 | 52.99 | 57.73 | 61.28 |
| Sales / share | 46.81 | 50.56 | 56.71 | 65.51 | 77.67 | 101.58 | 107.06 | 115.29 | 122.30 |
| Operating CF / share | 2.98 | 2.09 | 0.66 | 1.23 | 1.01 | 1.43 | 1.53 | 1.63 | 1.80 |
| Free cash flow / share | 2.66 | 1.61 | -0.18 | 0.39 | 0.04 | 0.11 | 0.12 | 0.13 | 0.13 |
| Dividends / share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Payout ratio | +0.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Retention ratio | +99.72% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2027E | 2028E | 2029E | 2030E | 8y CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Top-line | ||||||||||
| Revenue · YoY | — | +10.15% | +9.37% | +16.50% | +19.91% | +30.33% | +6.76% | +6.40% | +6.54% | +12.98% |
| Gross profit · YoY | — | +13.52% | +18.17% | +19.51% | +19.31% | +27.87% | +8.35% | +9.43% | +1.52% | +14.45% |
| Profit | ||||||||||
| Operating income · YoY | — | +25.47% | +25.26% | -3.51% | +43.34% | +27.26% | +6.21% | +6.69% | +4.90% | +16.04% |
| EBITDA · YoY | — | +97.26% | +11.86% | -11.53% | +18.78% | +48.87% | +1.57% | +9.79% | +5.24% | +19.11% |
| Net income · YoY | — | +119.83% | +14.61% | -48.67% | -73.00% | +563.98% | +8.66% | +3.50% | +7.79% | +13.79% |
| Operating | ||||||||||
| EBIT · YoY | — | +201.90% | +20.07% | -23.91% | +12.61% | +61.49% | +7.37% | +3.26% | +6.52% | +24.90% |
| R&D · YoY | — | — | — | — | — | — | — | — | — | — |
| Per-share | ||||||||||
| EPS · diluted · YoY | — | +116.00% | +17.13% | -49.01% | -72.87% | +1513.88% | +16.38% | +11.30% | +16.86% | +30.77% |
| EPS · basic · YoY | — | +116.83% | +16.89% | -49.22% | -73.08% | +1540.90% | +15.17% | +10.23% | +19.25% | +30.88% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|---|---|---|---|
| Leverage | |||||||||
| Total debt | $193.6M | $156.3M | $317.9M | $1.07B | $1.05B | $1.21B | $1.3B | $1.33B | $1.43B |
| Net debt | $141.8M | $102.8M | $249.5M | $979.9M | $951.1M | $1.08B | $1.16B | $1.18B | $1.27B |
| Net debt / EBITDA | 1.94 | 0.71 | 1.55 | 6.87 | 5.61 | 4.29 | 4.54 | 4.19 | 4.28 |
| Debt / equity | 0.20 | 0.15 | 0.29 | 0.90 | 0.86 | 0.66 | 0.68 | 0.64 | 0.65 |
| Debt / assets | +12.57% | +9.93% | +17.34% | +38.47% | +36.83% | +31.31% | +31.35% | +31.31% | +31.78% |
| Equity / assets | +63.29% | +65.73% | +59.96% | +42.95% | +42.59% | +47.27% | +46.03% | +48.59% | +48.99% |
| Coverage | |||||||||
| EBITDA / interest expense | 14.62 | 60.08 | 13.22 | 3.30 | 2.25 | 4.02 | 3.75 | 3.96 | 3.94 |
| Operating income / interest | 17.04 | 44.54 | 10.98 | 2.99 | 2.46 | 3.76 | 3.67 | 3.76 | 3.73 |
| Interest expense | $5M | $2.4M | $12.2M | $43.2M | $75.4M | $62.73M | $68.29M | $71M | $75.13M |
| Liquidity | |||||||||
| Current ratio | 2.78 | 2.89 | 3.12 | 2.98 | 2.72 | — | — | — | — |
| Quick ratio | 0.86 | 0.98 | 1.13 | 1.06 | 1.07 | — | — | — | — |
| Cash ratio | 0.15 | 0.15 | 0.19 | 0.18 | 0.17 | — | — | — | — |
| Working capital | $600.2M | $659M | $746.4M | $922.7M | $955.9M | — | — | — | — |
| Working capital / revenue | +36.33% | +36.21% | +37.50% | +39.79% | +34.38% | — | — | — | — |
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
Valuation
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| P / E | — | — |
| P / B | — | — |
| EV / EBITDA | — | — |
| EV / Sales | 1.13x | 1.50x |
| Earnings yield | 0.6% | 1.9% |
| FCF yield | 0.1% | 0.6% |
Returns
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | — | — |
| ROE | 1.0% | 3.9% |
| ROA | 0.4% | 1.7% |
| ROIC | 2.6% | 4.5% |
Leverage & liquidity
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Debt / equity | — | — |
| Net debt / EBITDA | 5.61 | 6.87 |
| Interest coverage | — | — |
| Current ratio | 2.72x | 2.98x |
| Quick ratio | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).