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Side-by-side financial comparison of AAR CORP (AIR) and APTARGROUP, INC. (ATR). Click either name above to swap in a different company.

APTARGROUP, INC. is the larger business by last-quarter revenue ($982.9M vs $795.3M, roughly 1.2× AAR CORP). APTARGROUP, INC. runs the higher net margin — 7.4% vs 4.4%, a 3.1% gap on every dollar of revenue. On growth, AAR CORP posted the faster year-over-year revenue change (15.9% vs 10.8%). APTARGROUP, INC. produced more free cash flow last quarter ($53.3M 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.

AptarGroup, Inc., also known as Aptar, is a United States–based global manufacturer of consumer dispensing packaging and drug delivery devices. The group has manufacturing operations in 18 countries.

AIR vs ATR — Head-to-Head

Bigger by revenue
ATR
ATR
1.2× larger
ATR
$982.9M
$795.3M
AIR
Growing faster (revenue YoY)
AIR
AIR
+5.1% gap
AIR
15.9%
10.8%
ATR
Higher net margin
ATR
ATR
3.1% more per $
ATR
7.4%
4.4%
AIR
More free cash flow
ATR
ATR
$47.1M more FCF
ATR
$53.3M
$6.2M
AIR

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
AIR
AIR
ATR
ATR
Revenue
$795.3M
$982.9M
Net Profit
$34.6M
$72.8M
Gross Margin
19.7%
Operating Margin
6.0%
10.9%
Net Margin
4.4%
7.4%
Revenue YoY
15.9%
10.8%
Net Profit YoY
213.1%
-7.5%
EPS (diluted)
$0.90
$1.12

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.

Revenue
AIR
AIR
ATR
ATR
Q1 26
$982.9M
Q4 25
$795.3M
$962.7M
Q3 25
$739.6M
$961.1M
Q2 25
$966.0M
Q1 25
$887.3M
Q4 24
$848.1M
Q3 24
$909.3M
Q2 24
$910.1M
Net Profit
AIR
AIR
ATR
ATR
Q1 26
$72.8M
Q4 25
$34.6M
$74.3M
Q3 25
$34.4M
$127.9M
Q2 25
$111.7M
Q1 25
$78.8M
Q4 24
$100.9M
Q3 24
$100.0M
Q2 24
$90.5M
Gross Margin
AIR
AIR
ATR
ATR
Q1 26
Q4 25
19.7%
Q3 25
18.1%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
AIR
AIR
ATR
ATR
Q1 26
10.9%
Q4 25
6.0%
11.0%
Q3 25
6.4%
14.2%
Q2 25
14.9%
Q1 25
12.8%
Q4 24
14.2%
Q3 24
15.2%
Q2 24
13.8%
Net Margin
AIR
AIR
ATR
ATR
Q1 26
7.4%
Q4 25
4.4%
7.7%
Q3 25
4.7%
13.3%
Q2 25
11.6%
Q1 25
8.9%
Q4 24
11.9%
Q3 24
11.0%
Q2 24
9.9%
EPS (diluted)
AIR
AIR
ATR
ATR
Q1 26
$1.12
Q4 25
$0.90
$1.13
Q3 25
$0.95
$1.92
Q2 25
$1.67
Q1 25
$1.17
Q4 24
$1.48
Q3 24
$1.48
Q2 24
$1.34

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AIR
AIR
ATR
ATR
Cash + ST InvestmentsLiquidity on hand
$75.6M
$229.5M
Total DebtLower is stronger
$952.7M
Stockholders' EquityBook value
$1.6B
$2.6B
Total Assets
$3.2B
$5.1B
Debt / EquityLower = less leverage
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIR
AIR
ATR
ATR
Q1 26
$229.5M
Q4 25
$75.6M
$409.5M
Q3 25
$80.0M
$264.8M
Q2 25
$169.8M
Q1 25
$136.8M
Q4 24
$226.2M
Q3 24
$327.9M
Q2 24
$223.9M
Total Debt
AIR
AIR
ATR
ATR
Q1 26
Q4 25
$952.7M
$1.1B
Q3 25
$1.0B
$546.0M
Q2 25
$535.1M
Q1 25
$561.2M
Q4 24
$688.1M
Q3 24
$822.7M
Q2 24
$681.5M
Stockholders' Equity
AIR
AIR
ATR
ATR
Q1 26
$2.6B
Q4 25
$1.6B
$2.7B
Q3 25
$1.2B
$2.8B
Q2 25
$2.7B
Q1 25
$2.5B
Q4 24
$2.5B
Q3 24
$2.5B
Q2 24
$2.4B
Total Assets
AIR
AIR
ATR
ATR
Q1 26
$5.1B
Q4 25
$3.2B
$5.3B
Q3 25
$2.9B
$5.1B
Q2 25
$4.9B
Q1 25
$4.5B
Q4 24
$4.4B
Q3 24
$4.6B
Q2 24
$4.5B
Debt / Equity
AIR
AIR
ATR
ATR
Q1 26
Q4 25
0.61×
0.43×
Q3 25
0.82×
0.20×
Q2 25
0.20×
Q1 25
0.22×
Q4 24
0.28×
Q3 24
0.32×
Q2 24
0.28×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AIR
AIR
ATR
ATR
Operating Cash FlowLast quarter
$13.6M
Free Cash FlowOCF − Capex
$6.2M
$53.3M
FCF MarginFCF / Revenue
0.8%
5.4%
Capex IntensityCapex / Revenue
0.9%
6.7%
Cash ConversionOCF / Net Profit
0.39×
TTM Free Cash FlowTrailing 4 quarters
$327.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIR
AIR
ATR
ATR
Q1 26
Q4 25
$13.6M
$183.7M
Q3 25
$-44.9M
$177.6M
Q2 25
$126.0M
Q1 25
$82.7M
Q4 24
$178.2M
Q3 24
$229.3M
Q2 24
$143.6M
Free Cash Flow
AIR
AIR
ATR
ATR
Q1 26
$53.3M
Q4 25
$6.2M
$96.9M
Q3 25
$-53.6M
$114.3M
Q2 25
$62.5M
Q1 25
$25.9M
Q4 24
$112.2M
Q3 24
$162.7M
Q2 24
$75.4M
FCF Margin
AIR
AIR
ATR
ATR
Q1 26
5.4%
Q4 25
0.8%
10.1%
Q3 25
-7.2%
11.9%
Q2 25
6.5%
Q1 25
2.9%
Q4 24
13.2%
Q3 24
17.9%
Q2 24
8.3%
Capex Intensity
AIR
AIR
ATR
ATR
Q1 26
6.7%
Q4 25
0.9%
9.0%
Q3 25
1.2%
6.6%
Q2 25
6.6%
Q1 25
6.4%
Q4 24
7.8%
Q3 24
7.3%
Q2 24
7.5%
Cash Conversion
AIR
AIR
ATR
ATR
Q1 26
Q4 25
0.39×
2.47×
Q3 25
-1.31×
1.39×
Q2 25
1.13×
Q1 25
1.05×
Q4 24
1.77×
Q3 24
2.29×
Q2 24
1.59×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AIR
AIR

Commercial Customer$268.1M34%
Repair And Engineering$244.5M31%
Integrated Solutions$175.8M22%
Government And Defense Customer$85.5M11%
Expeditionary Services$21.4M3%

ATR
ATR

Segment breakdown not available.

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