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Side-by-side financial comparison of AAR CORP (AIR) and AvalonBay Communities (AVB). Click either name above to swap in a different company.
AAR CORP is the larger business by last-quarter revenue ($795.3M vs $767.9M, roughly 1.0× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 4.4%, a 9036.2% gap on every dollar of revenue. On growth, AAR CORP posted the faster year-over-year revenue change (15.9% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B 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.
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
AIR vs AVB — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $795.3M | $767.9M |
| Net Profit | $34.6M | $166.0M |
| Gross Margin | 19.7% | — |
| Operating Margin | 6.0% | 64.2% |
| Net Margin | 4.4% | 9040.6% |
| Revenue YoY | 15.9% | 3.7% |
| Net Profit YoY | 213.1% | -41.2% |
| EPS (diluted) | $0.90 | $1.18 |
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 | $767.9M | ||
| Q3 25 | $739.6M | $766.8M | ||
| Q2 25 | — | $760.2M | ||
| Q1 25 | — | $745.9M | ||
| Q4 24 | — | $740.5M | ||
| Q3 24 | — | $734.3M | ||
| Q2 24 | — | $726.0M | ||
| Q1 24 | — | $712.9M |
| Q4 25 | $34.6M | $166.0M | ||
| Q3 25 | $34.4M | $381.3M | ||
| Q2 25 | — | $268.7M | ||
| Q1 25 | — | $236.6M | ||
| Q4 24 | — | $282.1M | ||
| Q3 24 | — | $372.5M | ||
| Q2 24 | — | $253.9M | ||
| Q1 24 | — | $173.4M |
| Q4 25 | 19.7% | — | ||
| Q3 25 | 18.1% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 6.0% | 64.2% | ||
| Q3 25 | 6.4% | 65.7% | ||
| Q2 25 | — | 67.6% | ||
| Q1 25 | — | 68.5% | ||
| Q4 24 | — | 63.1% | ||
| Q3 24 | — | 65.4% | ||
| Q2 24 | — | 66.6% | ||
| Q1 24 | — | 67.2% |
| Q4 25 | 4.4% | 9040.6% | ||
| Q3 25 | 4.7% | 49.7% | ||
| Q2 25 | — | 35.3% | ||
| Q1 25 | — | 31.7% | ||
| Q4 24 | — | 38.1% | ||
| Q3 24 | — | 50.7% | ||
| Q2 24 | — | 35.0% | ||
| Q1 24 | — | 24.3% |
| Q4 25 | $0.90 | $1.18 | ||
| Q3 25 | $0.95 | $2.68 | ||
| Q2 25 | — | $1.88 | ||
| Q1 25 | — | $1.66 | ||
| Q4 24 | — | $1.99 | ||
| Q3 24 | — | $2.61 | ||
| Q2 24 | — | $1.78 | ||
| Q1 24 | — | $1.22 |
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 | $187.2M |
| Total DebtLower is stronger | $952.7M | $9.3B |
| Stockholders' EquityBook value | $1.6B | $11.6B |
| Total Assets | $3.2B | $22.2B |
| Debt / EquityLower = less leverage | 0.61× | 0.80× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | $187.2M | ||
| Q3 25 | $80.0M | $123.3M | ||
| Q2 25 | — | $102.8M | ||
| Q1 25 | — | $53.3M | ||
| Q4 24 | — | $108.6M | ||
| Q3 24 | — | $552.4M | ||
| Q2 24 | — | $545.8M | ||
| Q1 24 | — | $287.9M |
| Q4 25 | $952.7M | $9.3B | ||
| Q3 25 | $1.0B | $8.7B | ||
| Q2 25 | — | $8.7B | ||
| Q1 25 | — | $8.3B | ||
| Q4 24 | — | $8.1B | ||
| Q3 24 | — | $8.4B | ||
| Q2 24 | — | $8.4B | ||
| Q1 24 | — | $8.0B |
| Q4 25 | $1.6B | $11.6B | ||
| Q3 25 | $1.2B | $11.9B | ||
| Q2 25 | — | $11.9B | ||
| Q1 25 | — | $11.9B | ||
| Q4 24 | — | $11.9B | ||
| Q3 24 | — | $11.9B | ||
| Q2 24 | — | $11.7B | ||
| Q1 24 | — | $11.7B |
| Q4 25 | $3.2B | $22.2B | ||
| Q3 25 | $2.9B | $21.9B | ||
| Q2 25 | — | $21.8B | ||
| Q1 25 | — | $21.2B | ||
| Q4 24 | — | $21.0B | ||
| Q3 24 | — | $21.3B | ||
| Q2 24 | — | $21.0B | ||
| Q1 24 | — | $20.6B |
| Q4 25 | 0.61× | 0.80× | ||
| Q3 25 | 0.82× | 0.73× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.70× | ||
| Q4 24 | — | 0.68× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.71× | ||
| Q1 24 | — | 0.68× |
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 | $1.7B |
| Free Cash FlowOCF − Capex | $6.2M | $1.4B |
| FCF MarginFCF / Revenue | 0.8% | 183.5% |
| Capex IntensityCapex / Revenue | 0.9% | 34.1% |
| Cash ConversionOCF / Net Profit | 0.39× | 10.07× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.6M | $1.7B | ||
| Q3 25 | $-44.9M | $477.0M | ||
| Q2 25 | — | $377.8M | ||
| Q1 25 | — | $415.9M | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $486.2M | ||
| Q2 24 | — | $380.0M | ||
| Q1 24 | — | $412.9M |
| Q4 25 | $6.2M | $1.4B | ||
| Q3 25 | $-53.6M | $402.2M | ||
| Q2 25 | — | $317.1M | ||
| Q1 25 | — | $367.5M | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $434.2M | ||
| Q2 24 | — | $333.0M | ||
| Q1 24 | — | $375.4M |
| Q4 25 | 0.8% | 183.5% | ||
| Q3 25 | -7.2% | 52.5% | ||
| Q2 25 | — | 41.7% | ||
| Q1 25 | — | 49.3% | ||
| Q4 24 | — | 191.0% | ||
| Q3 24 | — | 59.1% | ||
| Q2 24 | — | 45.9% | ||
| Q1 24 | — | 52.7% |
| Q4 25 | 0.9% | 34.1% | ||
| Q3 25 | 1.2% | 9.8% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | 6.5% | ||
| Q4 24 | — | 26.1% | ||
| Q3 24 | — | 7.1% | ||
| Q2 24 | — | 6.5% | ||
| Q1 24 | — | 5.3% |
| Q4 25 | 0.39× | 10.07× | ||
| Q3 25 | -1.31× | 1.25× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.76× | ||
| Q4 24 | — | 5.70× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | — | 1.50× | ||
| Q1 24 | — | 2.38× |
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% |
AVB
Segment breakdown not available.
