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Side-by-side financial comparison of AAR CORP (AIR) and AVIENT CORP (AVNT). Click either name above to swap in a different company.
AAR CORP is the larger business by last-quarter revenue ($795.3M vs $760.6M, roughly 1.0× AVIENT CORP). AAR CORP runs the higher net margin — 4.4% vs 2.2%, a 2.1% gap on every dollar of revenue. On growth, AAR CORP posted the faster year-over-year revenue change (15.9% vs 1.9%). AVIENT CORP produced more free cash flow last quarter ($125.4M 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.
Avient Corporation is a global materials solutions company headquartered in Avon Lake, Ohio, United States, employing approximately 9,000 people worldwide. Its products include colorants, advanced composites, functional additives and engineered materials.
AIR vs AVNT — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $795.3M | $760.6M |
| Net Profit | $34.6M | $16.9M |
| Gross Margin | 19.7% | 30.2% |
| Operating Margin | 6.0% | 5.2% |
| Net Margin | 4.4% | 2.2% |
| Revenue YoY | 15.9% | 1.9% |
| Net Profit YoY | 213.1% | -65.0% |
| EPS (diluted) | $0.90 | $0.18 |
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 | $760.6M | ||
| Q3 25 | $739.6M | $806.5M | ||
| Q2 25 | — | $866.5M | ||
| Q1 25 | — | $826.6M | ||
| Q4 24 | — | $746.5M | ||
| Q3 24 | — | $815.2M | ||
| Q2 24 | — | $849.7M | ||
| Q1 24 | — | $829.0M |
| Q4 25 | $34.6M | $16.9M | ||
| Q3 25 | $34.4M | $32.6M | ||
| Q2 25 | — | $52.6M | ||
| Q1 25 | — | $-20.2M | ||
| Q4 24 | — | $48.3M | ||
| Q3 24 | — | $38.2M | ||
| Q2 24 | — | $33.6M | ||
| Q1 24 | — | $49.4M |
| Q4 25 | 19.7% | 30.2% | ||
| Q3 25 | 18.1% | 30.4% | ||
| Q2 25 | — | 32.1% | ||
| Q1 25 | — | 31.8% | ||
| Q4 24 | — | 34.8% | ||
| Q3 24 | — | 32.1% | ||
| Q2 24 | — | 30.3% | ||
| Q1 24 | — | 33.6% |
| Q4 25 | 6.0% | 5.2% | ||
| Q3 25 | 6.4% | 8.3% | ||
| Q2 25 | — | 11.1% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 11.5% | ||
| Q3 24 | — | 9.5% | ||
| Q2 24 | — | 8.5% | ||
| Q1 24 | — | 11.3% |
| Q4 25 | 4.4% | 2.2% | ||
| Q3 25 | 4.7% | 4.0% | ||
| Q2 25 | — | 6.1% | ||
| Q1 25 | — | -2.4% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | 4.0% | ||
| Q1 24 | — | 6.0% |
| Q4 25 | $0.90 | $0.18 | ||
| Q3 25 | $0.95 | $0.36 | ||
| Q2 25 | — | $0.57 | ||
| Q1 25 | — | $-0.22 | ||
| Q4 24 | — | $0.53 | ||
| Q3 24 | — | $0.41 | ||
| Q2 24 | — | $0.36 | ||
| Q1 24 | — | $0.54 |
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 | — |
| Total DebtLower is stronger | $952.7M | $1.9B |
| Stockholders' EquityBook value | $1.6B | $2.4B |
| Total Assets | $3.2B | $6.0B |
| Debt / EquityLower = less leverage | 0.61× | 0.81× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | — | ||
| Q3 25 | $80.0M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $952.7M | $1.9B | ||
| Q3 25 | $1.0B | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | — | $2.1B |
| Q4 25 | $1.6B | $2.4B | ||
| Q3 25 | $1.2B | $2.4B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | $2.3B |
| Q4 25 | $3.2B | $6.0B | ||
| Q3 25 | $2.9B | $6.1B | ||
| Q2 25 | — | $6.1B | ||
| Q1 25 | — | $5.8B | ||
| Q4 24 | — | $5.8B | ||
| Q3 24 | — | $6.0B | ||
| Q2 24 | — | $5.9B | ||
| Q1 24 | — | $5.9B |
| Q4 25 | 0.61× | 0.81× | ||
| Q3 25 | 0.82× | 0.83× | ||
| Q2 25 | — | 0.86× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | — | 0.89× | ||
| Q3 24 | — | 0.88× | ||
| Q2 24 | — | 0.90× | ||
| Q1 24 | — | 0.90× |
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 | $167.8M |
| Free Cash FlowOCF − Capex | $6.2M | $125.4M |
| FCF MarginFCF / Revenue | 0.8% | 16.5% |
| Capex IntensityCapex / Revenue | 0.9% | 5.6% |
| Cash ConversionOCF / Net Profit | 0.39× | 9.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | $195.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.6M | $167.8M | ||
| Q3 25 | $-44.9M | $72.1M | ||
| Q2 25 | — | $112.8M | ||
| Q1 25 | — | $-51.1M | ||
| Q4 24 | — | $122.6M | ||
| Q3 24 | — | $71.1M | ||
| Q2 24 | — | $105.9M | ||
| Q1 24 | — | $-42.8M |
| Q4 25 | $6.2M | $125.4M | ||
| Q3 25 | $-53.6M | $47.4M | ||
| Q2 25 | — | $85.8M | ||
| Q1 25 | — | $-63.6M | ||
| Q4 24 | — | $81.5M | ||
| Q3 24 | — | $46.1M | ||
| Q2 24 | — | $74.5M | ||
| Q1 24 | — | $-67.2M |
| Q4 25 | 0.8% | 16.5% | ||
| Q3 25 | -7.2% | 5.9% | ||
| Q2 25 | — | 9.9% | ||
| Q1 25 | — | -7.7% | ||
| Q4 24 | — | 10.9% | ||
| Q3 24 | — | 5.7% | ||
| Q2 24 | — | 8.8% | ||
| Q1 24 | — | -8.1% |
| Q4 25 | 0.9% | 5.6% | ||
| Q3 25 | 1.2% | 3.1% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | — | 3.1% | ||
| Q2 24 | — | 3.7% | ||
| Q1 24 | — | 2.9% |
| Q4 25 | 0.39× | 9.93× | ||
| Q3 25 | -1.31× | 2.21× | ||
| Q2 25 | — | 2.14× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.54× | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | — | 3.15× | ||
| Q1 24 | — | -0.87× |
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% |
AVNT
| Color Additives And Inks | $466.0M | 61% |
| Specialty Engineered Materials | $295.5M | 39% |
