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Side-by-side financial comparison of AAR CORP (AIR) and Park Hotels & Resorts Inc. (PK). Click either name above to swap in a different company.
AAR CORP is the larger business by last-quarter revenue ($795.3M vs $629.0M, roughly 1.3× Park Hotels & Resorts Inc.). AAR CORP runs the higher net margin — 4.4% vs -32.6%, a 36.9% gap on every dollar of revenue. On growth, AAR CORP posted the faster year-over-year revenue change (15.9% vs 0.6%). AAR CORP produced more free cash flow last quarter ($6.2M vs $-3.0M).
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.
Park Hotels & Resorts is an American real estate investment trust (REIT) focused on hotel properties, based in Tysons, Virginia. It was formed in 2017 as a spin-off from Hilton Worldwide.
AIR vs PK — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $795.3M | $629.0M |
| Net Profit | $34.6M | $-205.0M |
| Gross Margin | 19.7% | — |
| Operating Margin | 6.0% | -26.1% |
| Net Margin | 4.4% | -32.6% |
| Revenue YoY | 15.9% | 0.6% |
| Net Profit YoY | 213.1% | -410.6% |
| EPS (diluted) | $0.90 | $-1.04 |
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 | $629.0M | ||
| Q3 25 | $739.6M | $610.0M | ||
| Q2 25 | — | $672.0M | ||
| Q1 25 | — | $630.0M | ||
| Q4 24 | — | $625.0M | ||
| Q3 24 | — | $649.0M | ||
| Q2 24 | — | $686.0M | ||
| Q1 24 | — | $639.0M |
| Q4 25 | $34.6M | $-205.0M | ||
| Q3 25 | $34.4M | $-16.0M | ||
| Q2 25 | — | $-5.0M | ||
| Q1 25 | — | $-57.0M | ||
| Q4 24 | — | $66.0M | ||
| Q3 24 | — | $54.0M | ||
| Q2 24 | — | $64.0M | ||
| Q1 24 | — | $28.0M |
| Q4 25 | 19.7% | — | ||
| Q3 25 | 18.1% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 6.0% | -26.1% | ||
| Q3 25 | 6.4% | 9.7% | ||
| Q2 25 | — | 9.7% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 13.3% | ||
| Q3 24 | — | 14.6% | ||
| Q2 24 | — | 17.6% | ||
| Q1 24 | — | 14.4% |
| Q4 25 | 4.4% | -32.6% | ||
| Q3 25 | 4.7% | -2.6% | ||
| Q2 25 | — | -0.7% | ||
| Q1 25 | — | -9.0% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | — | 8.3% | ||
| Q2 24 | — | 9.3% | ||
| Q1 24 | — | 4.4% |
| Q4 25 | $0.90 | $-1.04 | ||
| Q3 25 | $0.95 | $-0.08 | ||
| Q2 25 | — | $-0.02 | ||
| Q1 25 | — | $-0.29 | ||
| Q4 24 | — | $0.32 | ||
| Q3 24 | — | $0.26 | ||
| Q2 24 | — | $0.30 | ||
| Q1 24 | — | $0.13 |
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 | $232.0M |
| Total DebtLower is stronger | $952.7M | $3.9B |
| Stockholders' EquityBook value | $1.6B | $3.1B |
| Total Assets | $3.2B | $7.7B |
| Debt / EquityLower = less leverage | 0.61× | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | $232.0M | ||
| Q3 25 | $80.0M | $278.0M | ||
| Q2 25 | — | $319.0M | ||
| Q1 25 | — | $233.0M | ||
| Q4 24 | — | $402.0M | ||
| Q3 24 | — | $480.0M | ||
| Q2 24 | — | $449.0M | ||
| Q1 24 | — | $378.0M |
| Q4 25 | $952.7M | $3.9B | ||
| Q3 25 | $1.0B | $3.9B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $3.9B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.8B |
| Q4 25 | $1.6B | $3.1B | ||
| Q3 25 | $1.2B | $3.4B | ||
| Q2 25 | — | $3.4B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | — | $3.6B | ||
| Q3 24 | — | $3.8B | ||
| Q2 24 | — | $3.8B | ||
| Q1 24 | — | $3.8B |
| Q4 25 | $3.2B | $7.7B | ||
| Q3 25 | $2.9B | $8.8B | ||
| Q2 25 | — | $8.9B | ||
| Q1 25 | — | $8.9B | ||
| Q4 24 | — | $9.2B | ||
| Q3 24 | — | $9.2B | ||
| Q2 24 | — | $9.2B | ||
| Q1 24 | — | $9.1B |
| Q4 25 | 0.61× | 1.23× | ||
| Q3 25 | 0.82× | 1.14× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | — | 1.06× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.03× | ||
| Q1 24 | — | 1.00× |
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 | $105.0M |
| Free Cash FlowOCF − Capex | $6.2M | $-3.0M |
| FCF MarginFCF / Revenue | 0.8% | -0.5% |
| Capex IntensityCapex / Revenue | 0.9% | 17.2% |
| Cash ConversionOCF / Net Profit | 0.39× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $102.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.6M | $105.0M | ||
| Q3 25 | $-44.9M | $99.0M | ||
| Q2 25 | — | $108.0M | ||
| Q1 25 | — | $86.0M | ||
| Q4 24 | — | $80.0M | ||
| Q3 24 | — | $140.0M | ||
| Q2 24 | — | $117.0M | ||
| Q1 24 | — | $92.0M |
| Q4 25 | $6.2M | $-3.0M | ||
| Q3 25 | $-53.6M | $31.0M | ||
| Q2 25 | — | $65.0M | ||
| Q1 25 | — | $9.0M | ||
| Q4 24 | — | $17.0M | ||
| Q3 24 | — | $97.0M | ||
| Q2 24 | — | $66.0M | ||
| Q1 24 | — | $22.0M |
| Q4 25 | 0.8% | -0.5% | ||
| Q3 25 | -7.2% | 5.1% | ||
| Q2 25 | — | 9.7% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 14.9% | ||
| Q2 24 | — | 9.6% | ||
| Q1 24 | — | 3.4% |
| Q4 25 | 0.9% | 17.2% | ||
| Q3 25 | 1.2% | 11.1% | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | 12.2% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 6.6% | ||
| Q2 24 | — | 7.4% | ||
| Q1 24 | — | 11.0% |
| Q4 25 | 0.39× | — | ||
| Q3 25 | -1.31× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.21× | ||
| Q3 24 | — | 2.59× | ||
| Q2 24 | — | 1.83× | ||
| Q1 24 | — | 3.29× |
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% |
PK
| Occupancy | $371.0M | 59% |
| Food And Beverage | $173.0M | 28% |
| Ancillary Hotel | $61.0M | 10% |
| Hotel Other | $24.0M | 4% |
