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Side-by-side financial comparison of AAR CORP (AIR) and UNISYS CORP (UIS). Click either name above to swap in a different company.
AAR CORP is the larger business by last-quarter revenue ($795.3M vs $574.5M, roughly 1.4× UNISYS CORP). AAR CORP runs the higher net margin — 4.4% vs 3.3%, a 1.1% gap on every dollar of revenue. On growth, AAR CORP posted the faster year-over-year revenue change (15.9% vs 5.3%). UNISYS CORP produced more free cash flow last quarter ($97.3M vs $6.2M).
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.
Unisys Corporation is a technology company founded in 1986 and headquartered in Blue Bell, Pennsylvania. The company provides cloud, AI, digital workplace, logistics, and enterprise computing services.
AIR vs UIS — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $795.3M | $574.5M |
| Net Profit | $34.6M | $18.7M |
| Gross Margin | 19.7% | 33.9% |
| Operating Margin | 6.0% | 13.3% |
| Net Margin | 4.4% | 3.3% |
| Revenue YoY | 15.9% | 5.3% |
| Net Profit YoY | 213.1% | -37.7% |
| EPS (diluted) | $0.90 | $0.24 |
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 | $574.5M | ||
| Q3 25 | $739.6M | $460.2M | ||
| Q2 25 | — | $483.3M | ||
| Q1 25 | — | $432.1M | ||
| Q4 24 | — | $545.4M | ||
| Q3 24 | — | $497.0M | ||
| Q2 24 | — | $478.2M | ||
| Q1 24 | — | $487.8M |
| Q4 25 | $34.6M | $18.7M | ||
| Q3 25 | $34.4M | $-308.9M | ||
| Q2 25 | — | $-20.1M | ||
| Q1 25 | — | $-29.5M | ||
| Q4 24 | — | $30.0M | ||
| Q3 24 | — | $-61.9M | ||
| Q2 24 | — | $-12.0M | ||
| Q1 24 | — | $-149.5M |
| Q4 25 | 19.7% | 33.9% | ||
| Q3 25 | 18.1% | 25.5% | ||
| Q2 25 | — | 26.9% | ||
| Q1 25 | — | 24.9% | ||
| Q4 24 | — | 32.1% | ||
| Q3 24 | — | 29.2% | ||
| Q2 24 | — | 27.2% | ||
| Q1 24 | — | 27.9% |
| Q4 25 | 6.0% | 13.3% | ||
| Q3 25 | 6.4% | -7.3% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 8.9% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 4.9% | ||
| Q1 24 | — | 3.6% |
| Q4 25 | 4.4% | 3.3% | ||
| Q3 25 | 4.7% | -67.1% | ||
| Q2 25 | — | -4.2% | ||
| Q1 25 | — | -6.8% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | — | -12.5% | ||
| Q2 24 | — | -2.5% | ||
| Q1 24 | — | -30.6% |
| Q4 25 | $0.90 | $0.24 | ||
| Q3 25 | $0.95 | $-4.33 | ||
| Q2 25 | — | $-0.28 | ||
| Q1 25 | — | $-0.42 | ||
| Q4 24 | — | $0.45 | ||
| Q3 24 | — | $-0.89 | ||
| Q2 24 | — | $-0.17 | ||
| Q1 24 | — | $-2.18 |
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 | $413.9M |
| Total DebtLower is stronger | $952.7M | $729.0M |
| Stockholders' EquityBook value | $1.6B | $-282.6M |
| Total Assets | $3.2B | $1.8B |
| Debt / EquityLower = less leverage | 0.61× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | $413.9M | ||
| Q3 25 | $80.0M | $321.9M | ||
| Q2 25 | — | $300.8M | ||
| Q1 25 | — | $393.1M | ||
| Q4 24 | — | $376.5M | ||
| Q3 24 | — | $373.7M | ||
| Q2 24 | — | $344.9M | ||
| Q1 24 | — | $382.8M |
| Q4 25 | $952.7M | $729.0M | ||
| Q3 25 | $1.0B | $723.2M | ||
| Q2 25 | — | $692.7M | ||
| Q1 25 | — | $488.3M | ||
| Q4 24 | — | $488.2M | ||
| Q3 24 | — | $488.5M | ||
| Q2 24 | — | $489.2M | ||
| Q1 24 | — | $488.4M |
| Q4 25 | $1.6B | $-282.6M | ||
| Q3 25 | $1.2B | $-300.2M | ||
| Q2 25 | — | $-221.5M | ||
| Q1 25 | — | $-267.8M | ||
| Q4 24 | — | $-283.4M | ||
| Q3 24 | — | $-202.2M | ||
| Q2 24 | — | $-174.1M | ||
| Q1 24 | — | $-158.6M |
| Q4 25 | $3.2B | $1.8B | ||
| Q3 25 | $2.9B | $1.7B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $1.9B |
| Q4 25 | 0.61× | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $104.9M |
| Free Cash FlowOCF − Capex | $6.2M | $97.3M |
| FCF MarginFCF / Revenue | 0.8% | 16.9% |
| Capex IntensityCapex / Revenue | 0.9% | 1.3% |
| Cash ConversionOCF / Net Profit | 0.39× | 5.61× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-170.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.6M | $104.9M | ||
| Q3 25 | $-44.9M | $38.0M | ||
| Q2 25 | — | $-316.2M | ||
| Q1 25 | — | $33.3M | ||
| Q4 24 | — | $76.6M | ||
| Q3 24 | — | $32.0M | ||
| Q2 24 | — | $2.7M | ||
| Q1 24 | — | $23.8M |
| Q4 25 | $6.2M | $97.3M | ||
| Q3 25 | $-53.6M | $32.4M | ||
| Q2 25 | — | $-324.1M | ||
| Q1 25 | — | $24.4M | ||
| Q4 24 | — | $66.5M | ||
| Q3 24 | — | $25.2M | ||
| Q2 24 | — | $-6.0M | ||
| Q1 24 | — | $17.1M |
| Q4 25 | 0.8% | 16.9% | ||
| Q3 25 | -7.2% | 7.0% | ||
| Q2 25 | — | -67.1% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 12.2% | ||
| Q3 24 | — | 5.1% | ||
| Q2 24 | — | -1.3% | ||
| Q1 24 | — | 3.5% |
| Q4 25 | 0.9% | 1.3% | ||
| Q3 25 | 1.2% | 1.2% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | 0.39× | 5.61× | ||
| Q3 25 | -1.31× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.55× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
UIS
Segment breakdown not available.
