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Side-by-side financial comparison of AAR CORP (AIR) and Principal Financial Group (PFG). Click either name above to swap in a different company.
AAR CORP is the larger business by last-quarter revenue ($795.3M vs $750.8M, roughly 1.1× Principal Financial Group). AAR CORP runs the higher net margin — 4.4% vs 0.3%, a 4.1% gap on every dollar of revenue. On growth, AAR CORP posted the faster year-over-year revenue change (15.9% vs 4.0%).
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.
Principal Financial GroupPFGEarnings & Financial Report
Principal Financial Group, Inc. (PFG) is an American global financial investment management and insurance company headquartered in Des Moines, Iowa, United States.
AIR vs PFG — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $795.3M | $750.8M |
| Net Profit | $34.6M | $1.9M |
| Gross Margin | 19.7% | — |
| Operating Margin | 6.0% | — |
| Net Margin | 4.4% | 0.3% |
| Revenue YoY | 15.9% | 4.0% |
| Net Profit YoY | 213.1% | 783.0% |
| 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.
| Q1 26 | — | $750.8M | ||
| Q4 25 | $795.3M | $4.6B | ||
| Q3 25 | $739.6M | $3.7B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | — | $4.8B | ||
| Q3 24 | — | $3.0B | ||
| Q2 24 | — | $4.3B |
| Q1 26 | — | $1.9M | ||
| Q4 25 | $34.6M | $517.0M | ||
| Q3 25 | $34.4M | $213.8M | ||
| Q2 25 | — | $406.2M | ||
| Q1 25 | — | $48.1M | ||
| Q4 24 | — | $905.4M | ||
| Q3 24 | — | $-220.0M | ||
| Q2 24 | — | $353.1M |
| Q1 26 | — | — | ||
| Q4 25 | 19.7% | — | ||
| Q3 25 | 18.1% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | — | ||
| Q3 25 | 6.4% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 0.3% | ||
| Q4 25 | 4.4% | 11.3% | ||
| Q3 25 | 4.7% | 5.8% | ||
| Q2 25 | — | 11.1% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | — | -7.3% | ||
| Q2 24 | — | 8.2% |
| Q1 26 | — | — | ||
| Q4 25 | $0.90 | $2.30 | ||
| Q3 25 | $0.95 | $0.95 | ||
| Q2 25 | — | $1.79 | ||
| Q1 25 | — | $0.21 | ||
| Q4 24 | — | $3.92 | ||
| Q3 24 | — | $-0.95 | ||
| Q2 24 | — | $1.49 |
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 | — |
| Stockholders' EquityBook value | $1.6B | — |
| Total Assets | $3.2B | — |
| Debt / EquityLower = less leverage | 0.61× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $75.6M | $4.4B | ||
| Q3 25 | $80.0M | $5.1B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.9B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $6.2B | ||
| Q2 24 | — | $4.8B |
| Q1 26 | — | — | ||
| Q4 25 | $952.7M | $3.9B | ||
| Q3 25 | $1.0B | $3.9B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.9B |
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $11.9B | ||
| Q3 25 | $1.2B | $11.7B | ||
| Q2 25 | — | $11.4B | ||
| Q1 25 | — | $11.2B | ||
| Q4 24 | — | $11.1B | ||
| Q3 24 | — | $11.2B | ||
| Q2 24 | — | $11.0B |
| Q1 26 | — | — | ||
| Q4 25 | $3.2B | $341.4B | ||
| Q3 25 | $2.9B | $334.5B | ||
| Q2 25 | — | $323.1B | ||
| Q1 25 | — | $313.0B | ||
| Q4 24 | — | $313.7B | ||
| Q3 24 | — | $322.9B | ||
| Q2 24 | — | $308.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.61× | 0.33× | ||
| Q3 25 | 0.82× | 0.34× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | 0.39× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.36× |
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% | — |
| 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 | $1.7B | ||
| Q3 25 | $-44.9M | $1.0B | ||
| Q2 25 | — | $811.9M | ||
| Q1 25 | — | $977.3M | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | $6.2M | — | ||
| Q3 25 | $-53.6M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | — | ||
| Q3 25 | -7.2% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | — | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.39× | 3.37× | ||
| Q3 25 | -1.31× | 4.70× | ||
| Q2 25 | — | 2.00× | ||
| Q1 25 | — | 20.32× | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 4.05× |
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% |
PFG
Segment breakdown not available.
