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Side-by-side financial comparison of AAR CORP (AIR) and iQIYI, Inc. (IQ). Click either name above to swap in a different company.

iQIYI, Inc. is the larger business by last-quarter revenue ($971.6M vs $795.3M, roughly 1.2× AAR CORP).

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.

iQIYI, formerly Qiyi, is a Chinese subscription video on-demand over-the-top streaming service owned by Baidu. Headquartered in Beijing, iQIYI primarily produces and distributes films and television series.

AIR vs IQ — Head-to-Head

Bigger by revenue
IQ
IQ
1.2× larger
IQ
$971.6M
$795.3M
AIR

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
AIR
AIR
IQ
IQ
Revenue
$795.3M
$971.6M
Net Profit
$34.6M
Gross Margin
19.7%
Operating Margin
6.0%
0.8%
Net Margin
4.4%
Revenue YoY
15.9%
Net Profit YoY
213.1%
EPS (diluted)
$0.90

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.

Revenue
AIR
AIR
IQ
IQ
Q1 26
$971.6M
Q4 25
$795.3M
Q3 25
$739.6M
Q1 25
$906.0M
Q1 24
$1.1B
Q1 22
$1.2B
Net Profit
AIR
AIR
IQ
IQ
Q1 26
Q4 25
$34.6M
Q3 25
$34.4M
Q1 25
Q1 24
Q1 22
Gross Margin
AIR
AIR
IQ
IQ
Q1 26
Q4 25
19.7%
Q3 25
18.1%
Q1 25
Q1 24
Q1 22
Operating Margin
AIR
AIR
IQ
IQ
Q1 26
0.8%
Q4 25
6.0%
Q3 25
6.4%
Q1 25
4.3%
Q1 24
9.9%
Q1 22
Net Margin
AIR
AIR
IQ
IQ
Q1 26
Q4 25
4.4%
Q3 25
4.7%
Q1 25
Q1 24
Q1 22
EPS (diluted)
AIR
AIR
IQ
IQ
Q1 26
Q4 25
$0.90
Q3 25
$0.95
Q1 25
Q1 24
Q1 22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AIR
AIR
IQ
IQ
Cash + ST InvestmentsLiquidity on hand
$75.6M
$4.4M
Total DebtLower is stronger
$952.7M
Stockholders' EquityBook value
$1.6B
$13.3M
Total Assets
$3.2B
$46.7M
Debt / EquityLower = less leverage
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIR
AIR
IQ
IQ
Q1 26
$4.4M
Q4 25
$75.6M
Q3 25
$80.0M
Q1 25
$3.5M
Q1 24
$4.4M
Q1 22
$3.0M
Total Debt
AIR
AIR
IQ
IQ
Q1 26
Q4 25
$952.7M
Q3 25
$1.0B
Q1 25
Q1 24
Q1 22
Stockholders' Equity
AIR
AIR
IQ
IQ
Q1 26
$13.3M
Q4 25
$1.6B
Q3 25
$1.2B
Q1 25
$13.4M
Q1 24
$12.2M
Q1 22
$5.3M
Total Assets
AIR
AIR
IQ
IQ
Q1 26
$46.7M
Q4 25
$3.2B
Q3 25
$2.9B
Q1 25
$45.8M
Q1 24
$44.6M
Q1 22
$42.5M
Debt / Equity
AIR
AIR
IQ
IQ
Q1 26
Q4 25
0.61×
Q3 25
0.82×
Q1 25
Q1 24
Q1 22

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AIR
AIR
IQ
IQ
Operating Cash FlowLast quarter
$13.6M
Free Cash FlowOCF − Capex
$6.2M
FCF MarginFCF / Revenue
0.8%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
0.39×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIR
AIR
IQ
IQ
Q1 26
Q4 25
$13.6M
Q3 25
$-44.9M
Q1 25
Q1 24
Q1 22
Free Cash Flow
AIR
AIR
IQ
IQ
Q1 26
Q4 25
$6.2M
Q3 25
$-53.6M
Q1 25
Q1 24
Q1 22
FCF Margin
AIR
AIR
IQ
IQ
Q1 26
Q4 25
0.8%
Q3 25
-7.2%
Q1 25
Q1 24
Q1 22
Capex Intensity
AIR
AIR
IQ
IQ
Q1 26
Q4 25
0.9%
Q3 25
1.2%
Q1 25
Q1 24
Q1 22
Cash Conversion
AIR
AIR
IQ
IQ
Q1 26
Q4 25
0.39×
Q3 25
-1.31×
Q1 25
Q1 24
Q1 22

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AIR
AIR

Commercial Customer$268.1M34%
Repair And Engineering$244.5M31%
Integrated Solutions$175.8M22%
Government And Defense Customer$85.5M11%
Expeditionary Services$21.4M3%

IQ
IQ

Segment breakdown not available.

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