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Side-by-side financial comparison of AAR CORP (AIR) and Atour Lifestyle Holdings Ltd (ATAT). Click either name above to swap in a different company.
AAR CORP is the larger business by last-quarter revenue ($795.3M vs $789.6M, roughly 1.0× Atour Lifestyle Holdings Ltd). Atour Lifestyle Holdings Ltd runs the higher net margin — 17.6% vs 4.4%, a 13.3% gap on every dollar of revenue. On growth, Atour Lifestyle Holdings Ltd posted the faster year-over-year revenue change (252.5% vs 15.9%). Atour Lifestyle Holdings Ltd produced more free cash flow last quarter ($210.7M vs $6.2M).
AAR Corp. is an American provider of aircraft maintenance services to commercial and government customers worldwide. The company is headquartered in Wood Dale, Illinois, a Chicago suburb. The company employs about 6,000 people, operating in about 30 different countries. John Holmes is the current CEO.
Atour Lifestyle Holdings Ltd is a leading China-based hospitality and lifestyle enterprise. It operates a wide portfolio of mid-to-premium hotel brands for business and leisure travelers, and offers complementary lifestyle retail products and experience services, catering primarily to middle-class consumers across domestic and selected overseas markets.
AIR vs ATAT — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $795.3M | $789.6M |
| Net Profit | $34.6M | $139.1M |
| Gross Margin | 19.7% | — |
| Operating Margin | 6.0% | 22.5% |
| Net Margin | 4.4% | 17.6% |
| Revenue YoY | 15.9% | 252.5% |
| Net Profit YoY | 213.1% | 322.2% |
| EPS (diluted) | $0.90 | $0.33 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $795.3M | — | ||
| Q3 25 | $739.6M | $789.6M | ||
| Q3 24 | — | $224.0M | ||
| Q1 24 | — | $203.4M | ||
| Q1 23 | — | $106.8M |
| Q4 25 | $34.6M | — | ||
| Q3 25 | $34.4M | $139.1M | ||
| Q3 24 | — | $33.0M | ||
| Q1 24 | — | $35.6M | ||
| Q1 23 | — | $2.5M |
| Q4 25 | 19.7% | — | ||
| Q3 25 | 18.1% | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | — | ||
| Q1 23 | — | — |
| Q4 25 | 6.0% | — | ||
| Q3 25 | 6.4% | 22.5% | ||
| Q3 24 | — | 14.7% | ||
| Q1 24 | — | 22.1% | ||
| Q1 23 | — | 8.0% |
| Q4 25 | 4.4% | — | ||
| Q3 25 | 4.7% | 17.6% | ||
| Q3 24 | — | 14.7% | ||
| Q1 24 | — | 17.5% | ||
| Q1 23 | — | 2.3% |
| Q4 25 | $0.90 | — | ||
| Q3 25 | $0.95 | $0.33 | ||
| Q3 24 | — | $0.08 | ||
| Q1 24 | — | $0.09 | ||
| Q1 23 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $75.6M | $669.2M |
| Total DebtLower is stronger | $952.7M | — |
| Stockholders' EquityBook value | $1.6B | $405.0M |
| Total Assets | $3.2B | $1.1B |
| Debt / EquityLower = less leverage | 0.61× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | — | ||
| Q3 25 | $80.0M | $669.2M | ||
| Q3 24 | — | $506.0M | ||
| Q1 24 | — | $520.7M | ||
| Q1 23 | — | $272.5M |
| Q4 25 | $952.7M | — | ||
| Q3 25 | $1.0B | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | $277.0K | ||
| Q1 23 | — | — |
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.2B | $405.0M | ||
| Q3 24 | — | $291.3M | ||
| Q1 24 | — | $323.5M | ||
| Q1 23 | — | $185.5M |
| Q4 25 | $3.2B | — | ||
| Q3 25 | $2.9B | $1.1B | ||
| Q3 24 | — | $927.8M | ||
| Q1 24 | — | $936.3M | ||
| Q1 23 | — | — |
| Q4 25 | 0.61× | — | ||
| Q3 25 | 0.82× | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | 0.00× | ||
| Q1 23 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $13.6M | $216.6M |
| Free Cash FlowOCF − Capex | $6.2M | $210.7M |
| FCF MarginFCF / Revenue | 0.8% | 26.7% |
| Capex IntensityCapex / Revenue | 0.9% | 0.8% |
| Cash ConversionOCF / Net Profit | 0.39× | 1.56× |
| TTM Free Cash FlowTrailing 4 quarters | — | $359.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.6M | — | ||
| Q3 25 | $-44.9M | $216.6M | ||
| Q3 24 | — | $84.8M | ||
| Q1 24 | — | $19.8M | ||
| Q1 23 | — | $49.9M |
| Q4 25 | $6.2M | — | ||
| Q3 25 | $-53.6M | $210.7M | ||
| Q3 24 | — | $83.3M | ||
| Q1 24 | — | $18.1M | ||
| Q1 23 | — | $47.5M |
| Q4 25 | 0.8% | — | ||
| Q3 25 | -7.2% | 26.7% | ||
| Q3 24 | — | 37.2% | ||
| Q1 24 | — | 8.9% | ||
| Q1 23 | — | 44.5% |
| Q4 25 | 0.9% | — | ||
| Q3 25 | 1.2% | 0.8% | ||
| Q3 24 | — | 0.7% | ||
| Q1 24 | — | 0.9% | ||
| Q1 23 | — | 2.3% |
| Q4 25 | 0.39× | — | ||
| Q3 25 | -1.31× | 1.56× | ||
| Q3 24 | — | 2.57× | ||
| Q1 24 | — | 0.56× | ||
| Q1 23 | — | 20.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AIR
| Commercial Customer | $268.1M | 34% |
| Repair And Engineering | $244.5M | 31% |
| Integrated Solutions | $175.8M | 22% |
| Government And Defense Customer | $85.5M | 11% |
| Expeditionary Services | $21.4M | 3% |
ATAT
Segment breakdown not available.
