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Side-by-side financial comparison of AAR CORP (AIR) and BXP, Inc. (BXP). Click either name above to swap in a different company.
BXP, Inc. is the larger business by last-quarter revenue ($872.1M vs $795.3M, roughly 1.1× AAR CORP). BXP, Inc. runs the higher net margin — 15.3% vs 4.4%, a 10.9% gap on every dollar of revenue. On growth, AAR CORP posted the faster year-over-year revenue change (15.9% vs 0.8%).
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.
BXP Inc., operating as Boston Properties, is a leading U.S. real estate investment trust focused on owning, managing and developing high-quality Class A commercial office properties across major U.S. metro markets, serving diverse corporate, tech and professional service tenants.
AIR vs BXP — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $795.3M | $872.1M |
| Net Profit | $34.6M | $133.0M |
| Gross Margin | 19.7% | — |
| Operating Margin | 6.0% | — |
| Net Margin | 4.4% | 15.3% |
| Revenue YoY | 15.9% | 0.8% |
| Net Profit YoY | 213.1% | 53.0% |
| EPS (diluted) | $0.90 | $1.69 |
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.
| Q1 26 | — | $872.1M | ||
| Q4 25 | $795.3M | $877.1M | ||
| Q3 25 | $739.6M | $871.5M | ||
| Q2 25 | — | $868.5M | ||
| Q1 25 | — | $865.2M | ||
| Q4 24 | — | $858.6M | ||
| Q3 24 | — | $859.2M | ||
| Q2 24 | — | $850.5M |
| Q1 26 | — | $133.0M | ||
| Q4 25 | $34.6M | $248.4M | ||
| Q3 25 | $34.4M | $-121.7M | ||
| Q2 25 | — | $89.0M | ||
| Q1 25 | — | $61.2M | ||
| Q4 24 | — | $-228.9M | ||
| Q3 24 | — | $83.6M | ||
| Q2 24 | — | $79.6M |
| Q1 26 | — | — | ||
| Q4 25 | 19.7% | 58.8% | ||
| Q3 25 | 18.1% | 59.3% | ||
| Q2 25 | — | 59.2% | ||
| Q1 25 | — | 59.2% | ||
| Q4 24 | — | 59.7% | ||
| Q3 24 | — | 59.5% | ||
| Q2 24 | — | 59.8% |
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | — | ||
| Q3 25 | 6.4% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 15.3% | ||
| Q4 25 | 4.4% | 28.3% | ||
| Q3 25 | 4.7% | -14.0% | ||
| Q2 25 | — | 10.2% | ||
| Q1 25 | — | 7.1% | ||
| Q4 24 | — | -26.7% | ||
| Q3 24 | — | 9.7% | ||
| Q2 24 | — | 9.4% |
| Q1 26 | — | $1.69 | ||
| Q4 25 | $0.90 | $1.56 | ||
| Q3 25 | $0.95 | $-0.77 | ||
| Q2 25 | — | $0.56 | ||
| Q1 25 | — | $0.39 | ||
| Q4 24 | — | $-1.46 | ||
| Q3 24 | — | $0.53 | ||
| Q2 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 | $512.8M |
| Total DebtLower is stronger | $952.7M | — |
| Stockholders' EquityBook value | $1.6B | $7.7B |
| Total Assets | $3.2B | $25.1B |
| Debt / EquityLower = less leverage | 0.61× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $512.8M | ||
| Q4 25 | $75.6M | $1.5B | ||
| Q3 25 | $80.0M | $861.1M | ||
| Q2 25 | — | $447.0M | ||
| Q1 25 | — | $398.1M | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $685.4M |
| Q1 26 | — | — | ||
| Q4 25 | $952.7M | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $7.7B | ||
| Q4 25 | $1.6B | $5.1B | ||
| Q3 25 | $1.2B | $5.0B | ||
| Q2 25 | — | $5.3B | ||
| Q1 25 | — | $5.3B | ||
| Q4 24 | — | $5.4B | ||
| Q3 24 | — | $5.8B | ||
| Q2 24 | — | $5.8B |
| Q1 26 | — | $25.1B | ||
| Q4 25 | $3.2B | $26.2B | ||
| Q3 25 | $2.9B | $26.0B | ||
| Q2 25 | — | $25.6B | ||
| Q1 25 | — | $25.4B | ||
| Q4 24 | — | $26.1B | ||
| Q3 24 | — | $26.4B | ||
| Q2 24 | — | $25.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.61× | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| Free Cash FlowOCF − Capex | $6.2M | — |
| FCF MarginFCF / Revenue | 0.8% | — |
| Capex IntensityCapex / Revenue | 0.9% | 1.5% |
| Cash ConversionOCF / Net Profit | 0.39× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $13.6M | $407.8M | ||
| Q3 25 | $-44.9M | $274.2M | ||
| Q2 25 | — | $353.1M | ||
| Q1 25 | — | $210.0M | ||
| Q4 24 | — | $383.7M | ||
| Q3 24 | — | $286.1M | ||
| Q2 24 | — | $367.1M |
| Q1 26 | — | — | ||
| Q4 25 | $6.2M | $362.7M | ||
| Q3 25 | $-53.6M | $231.6M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $152.6M | ||
| Q4 24 | — | $312.5M | ||
| Q3 24 | — | $234.5M | ||
| Q2 24 | — | $332.4M |
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 41.4% | ||
| Q3 25 | -7.2% | 26.6% | ||
| Q2 25 | — | 32.4% | ||
| Q1 25 | — | 17.6% | ||
| Q4 24 | — | 36.4% | ||
| Q3 24 | — | 27.3% | ||
| Q2 24 | — | 39.1% |
| Q1 26 | — | 1.5% | ||
| Q4 25 | 0.9% | 5.1% | ||
| Q3 25 | 1.2% | 4.9% | ||
| Q2 25 | — | 8.2% | ||
| Q1 25 | — | 6.6% | ||
| Q4 24 | — | 8.3% | ||
| Q3 24 | — | 6.0% | ||
| Q2 24 | — | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.39× | 1.64× | ||
| Q3 25 | -1.31× | — | ||
| Q2 25 | — | 3.97× | ||
| Q1 25 | — | 3.43× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.42× | ||
| Q2 24 | — | 4.61× |
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% |
BXP
| Lease | $818.2M | 94% |
| Parking and other | $30.8M | 4% |
| Development and management services | $9.2M | 1% |
