vs
Side-by-side financial comparison of AAR CORP (AIR) and B&G Foods, Inc. (BGS). Click either name above to swap in a different company.
AAR CORP is the larger business by last-quarter revenue ($795.3M vs $439.3M, roughly 1.8× B&G Foods, Inc.). AAR CORP runs the higher net margin — 4.4% vs -4.4%, a 8.7% gap on every dollar of revenue. On growth, AAR CORP posted the faster year-over-year revenue change (15.9% vs -4.7%). AAR CORP produced more free cash flow last quarter ($6.2M vs $-70.7M).
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.
B&G Foods, Inc. is an American branded foods holding company based in Parsippany, New Jersey. The company was formed in 1996 to acquire Bloch & Guggenheimer, a Manhattan-based producer of pickles, relish and condiments which had been founded in 1889.
AIR vs BGS — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $795.3M | $439.3M |
| Net Profit | $34.6M | $-19.1M |
| Gross Margin | 19.7% | 22.5% |
| Operating Margin | 6.0% | 2.5% |
| Net Margin | 4.4% | -4.4% |
| Revenue YoY | 15.9% | -4.7% |
| Net Profit YoY | 213.1% | -356.5% |
| EPS (diluted) | $0.90 | $-0.24 |
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 | $439.3M | ||
| Q2 25 | — | $424.4M | ||
| Q1 25 | — | $425.4M | ||
| Q4 24 | — | $551.6M | ||
| Q3 24 | — | $461.1M | ||
| Q2 24 | — | $444.6M | ||
| Q1 24 | — | $475.2M |
| Q4 25 | $34.6M | — | ||
| Q3 25 | $34.4M | $-19.1M | ||
| Q2 25 | — | $-9.8M | ||
| Q1 25 | — | $835.0K | ||
| Q4 24 | — | $-222.4M | ||
| Q3 24 | — | $7.5M | ||
| Q2 24 | — | $3.9M | ||
| Q1 24 | — | $-40.2M |
| Q4 25 | 19.7% | — | ||
| Q3 25 | 18.1% | 22.5% | ||
| Q2 25 | — | 20.5% | ||
| Q1 25 | — | 21.2% | ||
| Q4 24 | — | 21.5% | ||
| Q3 24 | — | 22.2% | ||
| Q2 24 | — | 20.7% | ||
| Q1 24 | — | 22.9% |
| Q4 25 | 6.0% | — | ||
| Q3 25 | 6.4% | 2.5% | ||
| Q2 25 | — | 5.2% | ||
| Q1 25 | — | 8.4% | ||
| Q4 24 | — | -46.6% | ||
| Q3 24 | — | 11.1% | ||
| Q2 24 | — | 9.9% | ||
| Q1 24 | — | -3.3% |
| Q4 25 | 4.4% | — | ||
| Q3 25 | 4.7% | -4.4% | ||
| Q2 25 | — | -2.3% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | -40.3% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | -8.5% |
| Q4 25 | $0.90 | — | ||
| Q3 25 | $0.95 | $-0.24 | ||
| Q2 25 | — | $-0.12 | ||
| Q1 25 | — | $0.01 | ||
| Q4 24 | — | $-2.81 | ||
| Q3 24 | — | $0.09 | ||
| Q2 24 | — | $0.05 | ||
| Q1 24 | — | $-0.51 |
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 | $60.9M |
| Total DebtLower is stronger | $952.7M | $2.0B |
| Stockholders' EquityBook value | $1.6B | $470.7M |
| Total Assets | $3.2B | $2.9B |
| Debt / EquityLower = less leverage | 0.61× | 4.30× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | — | ||
| Q3 25 | $80.0M | $60.9M | ||
| Q2 25 | — | $54.1M | ||
| Q1 25 | — | $61.2M | ||
| Q4 24 | — | $50.6M | ||
| Q3 24 | — | $54.7M | ||
| Q2 24 | — | $40.3M | ||
| Q1 24 | — | $42.5M |
| Q4 25 | $952.7M | — | ||
| Q3 25 | $1.0B | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $2.0B |
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.2B | $470.7M | ||
| Q2 25 | — | $501.4M | ||
| Q1 25 | — | $513.1M | ||
| Q4 24 | — | $524.8M | ||
| Q3 24 | — | $755.3M | ||
| Q2 24 | — | $765.0M | ||
| Q1 24 | — | $781.2M |
| Q4 25 | $3.2B | — | ||
| Q3 25 | $2.9B | $2.9B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | $3.4B | ||
| Q1 24 | — | $3.4B |
| Q4 25 | 0.61× | — | ||
| Q3 25 | 0.82× | 4.30× | ||
| Q2 25 | — | 3.97× | ||
| Q1 25 | — | 3.91× | ||
| Q4 24 | — | 3.85× | ||
| Q3 24 | — | 2.75× | ||
| Q2 24 | — | 2.67× | ||
| Q1 24 | — | 2.61× |
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 | $-64.6M |
| Free Cash FlowOCF − Capex | $6.2M | $-70.7M |
| FCF MarginFCF / Revenue | 0.8% | -16.1% |
| Capex IntensityCapex / Revenue | 0.9% | 1.4% |
| Cash ConversionOCF / Net Profit | 0.39× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $54.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.6M | — | ||
| Q3 25 | $-44.9M | $-64.6M | ||
| Q2 25 | — | $17.8M | ||
| Q1 25 | — | $52.7M | ||
| Q4 24 | — | $80.3M | ||
| Q3 24 | — | $4.2M | ||
| Q2 24 | — | $11.3M | ||
| Q1 24 | — | $35.1M |
| Q4 25 | $6.2M | — | ||
| Q3 25 | $-53.6M | $-70.7M | ||
| Q2 25 | — | $11.5M | ||
| Q1 25 | — | $42.4M | ||
| Q4 24 | — | $71.7M | ||
| Q3 24 | — | $-679.0K | ||
| Q2 24 | — | $5.2M | ||
| Q1 24 | — | $27.5M |
| Q4 25 | 0.8% | — | ||
| Q3 25 | -7.2% | -16.1% | ||
| Q2 25 | — | 2.7% | ||
| Q1 25 | — | 10.0% | ||
| Q4 24 | — | 13.0% | ||
| Q3 24 | — | -0.1% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 5.8% |
| Q4 25 | 0.9% | — | ||
| Q3 25 | 1.2% | 1.4% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 1.6% |
| Q4 25 | 0.39× | — | ||
| Q3 25 | -1.31× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 63.17× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.56× | ||
| Q2 24 | — | 2.87× | ||
| Q1 24 | — | — |
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% |
BGS
| Specialty Segment | $150.5M | 34% |
| Meals Segment | $110.0M | 25% |
| Spices And Flavor Solutions Segment | $101.4M | 23% |
| Frozen And Vegetables Segment | $77.4M | 18% |
