AAR Valuation Multiples

AAR Overview

About AAR

AAR Corp is engaged in providing products and services to aviation, government and defense market. It operates in segments namely: The parts supply segment majorly consists of sales and leasing of USM and aftermarket distribution of new, OEM-supplied replacement parts; Repair & Engineering segment provides airframe maintenance, component repair, and landing gear overhaul services; Integrated Solutions segment consists of its fleet management and operations of customer-owned aircraft, customized performance-based supply chain logistics programs in support of the U.S. Department of Defense, flight hour component inventory; and The Expeditionary Services segment consists of products and services supporting the movement of equipment and personnel by the U.S. and foreign governments and NGOs.

Founded

1966

HQ

Employees

5.6K

Website

aarcorp.com

Sectors

Airports & Aviation Services

Financials (LTM)

Revenue: $3B

EBITDA: $386M

EV

$6B

Valuation Multiples

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AAR Financials

AAR reported last 12-month revenue of $3B and EBITDA of $386M.

In the same LTM period, AAR generated $601M in gross profit, $386M in EBITDA, and $157M in net income.

AAR P&L

In the most recent fiscal year, AAR reported revenue of $3B and EBITDA of $325M.

AAR expects next 12-month revenue of XXX and NTM EBITDA of XXX

AAR Stock Performance

AAR has current market cap of $5B, and enterprise value of $6B.

AAR's stock price is $119.77.

AAR Valuation Multiples

AAR trades at 1.8x EV/Revenue multiple, and 14.8x EV/EBITDA.

AAR Financial Valuation Multiples

As of April 5, 2026, AAR has market cap of $5B and EV of $6B.

Equity research analysts estimate AAR's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

AAR has a P/E ratio of 30.1x.

AAR Margins & Growth Rates

AAR's revenue in the last 12 month grew by 12%.

AAR's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.

AAR's rule of 40 is 26% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

AAR's rule of X is 46% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

AAR Public Comps

See public comps and valuation multiples for other Airports & Aviation Services comps.

AAR M&A Activity

AAR acquired XXX companies to date.

Last acquisition by AAR was on XXXXXXXX, XXXXX. AAR acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

AAR Investment Activity

AAR invested in XXX companies to date.

AAR made its latest investment on XXXXXXXX, XXXXX. AAR invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).