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Side-by-side financial comparison of AAR CORP (AIR) and G III APPAREL GROUP LTD (GIII). Click either name above to swap in a different company.
G III APPAREL GROUP LTD is the larger business by last-quarter revenue ($988.6M vs $795.3M, roughly 1.2× AAR CORP). G III APPAREL GROUP LTD runs the higher net margin — 8.2% vs 4.4%, a 3.8% gap on every dollar of revenue. On growth, AAR CORP posted the faster year-over-year revenue change (15.9% vs -9.0%). AAR CORP produced more free cash flow last quarter ($6.2M vs $-106.4M).
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.
G III Apparel Group is a global fashion company that designs, sources, manufactures, markets and distributes apparel, footwear, and accessories under a range of owned and licensed well-known brands. It serves department stores, specialty retailers, and e-commerce platforms across North America, Europe, and other key global markets, catering to casual, sportswear, and premium fashion consumer segments.
AIR vs GIII — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $795.3M | $988.6M |
| Net Profit | $34.6M | $80.6M |
| Gross Margin | 19.7% | 38.6% |
| Operating Margin | 6.0% | 11.4% |
| Net Margin | 4.4% | 8.2% |
| Revenue YoY | 15.9% | -9.0% |
| Net Profit YoY | 213.1% | -29.8% |
| EPS (diluted) | $0.90 | $1.84 |
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 | $988.6M | ||
| Q3 25 | $739.6M | $613.3M | ||
| Q2 25 | — | $583.6M | ||
| Q1 25 | — | $839.5M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $644.8M | ||
| Q2 24 | — | $609.7M | ||
| Q1 24 | — | $764.8M |
| Q4 25 | $34.6M | $80.6M | ||
| Q3 25 | $34.4M | $10.9M | ||
| Q2 25 | — | $7.8M | ||
| Q1 25 | — | $48.8M | ||
| Q4 24 | — | $114.8M | ||
| Q3 24 | — | $24.2M | ||
| Q2 24 | — | $5.8M | ||
| Q1 24 | — | $28.9M |
| Q4 25 | 19.7% | 38.6% | ||
| Q3 25 | 18.1% | 40.8% | ||
| Q2 25 | — | 42.2% | ||
| Q1 25 | — | 39.5% | ||
| Q4 24 | — | 39.8% | ||
| Q3 24 | — | 42.8% | ||
| Q2 24 | — | 42.5% | ||
| Q1 24 | — | 36.9% |
| Q4 25 | 6.0% | 11.4% | ||
| Q3 25 | 6.4% | 2.7% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 8.5% | ||
| Q4 24 | — | 15.3% | ||
| Q3 24 | — | 6.4% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 6.1% |
| Q4 25 | 4.4% | 8.2% | ||
| Q3 25 | 4.7% | 1.8% | ||
| Q2 25 | — | 1.3% | ||
| Q1 25 | — | 5.8% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 3.8% |
| Q4 25 | $0.90 | $1.84 | ||
| Q3 25 | $0.95 | $0.25 | ||
| Q2 25 | — | $0.17 | ||
| Q1 25 | — | $1.00 | ||
| Q4 24 | — | $2.55 | ||
| Q3 24 | — | $0.53 | ||
| Q2 24 | — | $0.12 | ||
| Q1 24 | — | $0.59 |
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 | $184.1M |
| Total DebtLower is stronger | $952.7M | $6.5M |
| Stockholders' EquityBook value | $1.6B | $1.8B |
| Total Assets | $3.2B | $2.8B |
| Debt / EquityLower = less leverage | 0.61× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | $184.1M | ||
| Q3 25 | $80.0M | $301.8M | ||
| Q2 25 | — | $257.8M | ||
| Q1 25 | — | $181.4M | ||
| Q4 24 | — | $104.7M | ||
| Q3 24 | — | $414.8M | ||
| Q2 24 | — | $508.4M | ||
| Q1 24 | — | $507.8M |
| Q4 25 | $952.7M | $6.5M | ||
| Q3 25 | $1.0B | $6.9M | ||
| Q2 25 | — | $6.8M | ||
| Q1 25 | — | $3.0M | ||
| Q4 24 | — | $213.9M | ||
| Q3 24 | — | $402.5M | ||
| Q2 24 | — | $402.7M | ||
| Q1 24 | — | $402.8M |
| Q4 25 | $1.6B | $1.8B | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.6B |
| Q4 25 | $3.2B | $2.8B | ||
| Q3 25 | $2.9B | $2.7B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.6B | ||
| Q1 24 | — | $2.7B |
| Q4 25 | 0.61× | 0.00× | ||
| Q3 25 | 0.82× | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.26× | ||
| Q1 24 | — | 0.26× |
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 | $-97.3M |
| Free Cash FlowOCF − Capex | $6.2M | $-106.4M |
| FCF MarginFCF / Revenue | 0.8% | -10.8% |
| Capex IntensityCapex / Revenue | 0.9% | 0.9% |
| Cash ConversionOCF / Net Profit | 0.39× | -1.21× |
| TTM Free Cash FlowTrailing 4 quarters | — | $367.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.6M | $-97.3M | ||
| Q3 25 | $-44.9M | $75.1M | ||
| Q2 25 | — | $93.8M | ||
| Q1 25 | — | $333.4M | ||
| Q4 24 | — | $-111.8M | ||
| Q3 24 | — | $49.3M | ||
| Q2 24 | — | $45.5M | ||
| Q1 24 | — | $361.3M |
| Q4 25 | $6.2M | $-106.4M | ||
| Q3 25 | $-53.6M | $64.7M | ||
| Q2 25 | — | $85.7M | ||
| Q1 25 | — | $323.7M | ||
| Q4 24 | — | $-120.3M | ||
| Q3 24 | — | $38.8M | ||
| Q2 24 | — | $32.8M | ||
| Q1 24 | — | $352.3M |
| Q4 25 | 0.8% | -10.8% | ||
| Q3 25 | -7.2% | 10.6% | ||
| Q2 25 | — | 14.7% | ||
| Q1 25 | — | 38.6% | ||
| Q4 24 | — | -11.1% | ||
| Q3 24 | — | 6.0% | ||
| Q2 24 | — | 5.4% | ||
| Q1 24 | — | 46.1% |
| Q4 25 | 0.9% | 0.9% | ||
| Q3 25 | 1.2% | 1.7% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | — | 1.2% |
| Q4 25 | 0.39× | -1.21× | ||
| Q3 25 | -1.31× | 6.86× | ||
| Q2 25 | — | 12.09× | ||
| Q1 25 | — | 6.83× | ||
| Q4 24 | — | -0.97× | ||
| Q3 24 | — | 2.04× | ||
| Q2 24 | — | 7.84× | ||
| Q1 24 | — | 12.52× |
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% |
GIII
| Proprietary Brands | $498.1M | 50% |
| Licensed Brands | $479.2M | 48% |
| Retail Segment | $45.7M | 5% |
