AIR Aar margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 65

Gross margin

19.1%

Operating margin

EBITDA margin

11.5%

Net margin

5.5%

Using the latest TTM figures, Aar shows a gross margin of 19.1%, an operating margin of 8%, an EBITDA margin of 11.5%, and a net margin of 5.5%. All reported margins improved year over year, led by EBITDA margin with an increase of 4.8 percentage points.

AIR margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Aar recorded average margins of 18.97% gross, 6.43% operating, 7.89% EBITDA, and 2.64% net. The current gross, operating, EBITDA, and net margins are all above their three-year averages.

AIR margin expansion

Year-over-year margin changes in percentage points

All available margins expanded year over year, led by EBITDA margin with an increase of 4.8 percentage points.

Gross margin expansion

0.1pp

Operating margin expansion

1pp

EBITDA margin expansion

4.8pp

Net margin expansion

4.5pp

AIR Gross margin

Aar's gross margin averaged 18.97% over the last 3 years. Compared with its three-year average, Aar's current gross margin is 19.1% and is 0.1 percentage points above its three-year average. Over the last 3 years, Aar's gross margin peaked at 19.3% in Nov 2025 and reached a low of 18.8% in Nov 2023.

AIR Operating margin

The average operating margin for Aar was 6.43% over the last 3 years. Currently, the current operating margin for Aar is 8%, 1.6 percentage points above its three-year average. The operating margin for Aar moved between 4% in Nov 2024 and 9.2% in Nov 2025.

AIR EBITDA margin

Across the last 3 years, Aar recorded an average EBITDA margin of 7.89%. Aar's current EBITDA margin is 11.5% and is 3.6 percentage points above its three-year average. The highest EBITDA margin for Aar was 12% in Feb 2026, while the lowest was 5.1% in Feb 2025.

AIR Net margin

Looking at the last 3 years, Aar had an average net margin of 2.64%. Against its three-year average, Aar's net margin is currently 5.5%, 2.9 percentage points above its three-year average. Looking back over the last 3 years, Aar's net margin reached 5.7% at its highest point in May 2026 and -0.5% at its lowest in Feb 2025.

AIR margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 19.1%, AIR ranks lower than the Industrials sector and the industry average. In comparison with the Industrials sector average of 32.5%, Aar's gross margin is 41% lower.

AIR margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Aar's gross margin?

For the period ending Aug 31, 2026, AIR recorded a gross margin of 19.1%.

What is Aar's operating margin?

For the period ending Aug 31, 2026, AIR recorded an operating margin of 8%.

What is Aar's EBITDA margin?

For the period ending Aug 31, 2026, AIR recorded an EBITDA margin of 11.5%.

What is Aar's net margin?

As of Aug 31, 2026, AIR has a net margin of 5.5%.

What are the average margins of AIR?

Aar's gross, operating, EBITDA, and net margins averaged 19.0% gross, 6.4% operating, 7.9% EBITDA, and 2.6% net over the last 3 years.

What are the highest historical margins of AIR?

Within the 5-year period, AIR recorded its highest margins at 19.3% gross in Nov 2025, 9.2% operating in Nov 2025, 12% EBITDA in Feb 2026, and 5.7% net in May 2026.

What are the lowest historical margins of AIR?

Over the last 5 years, Aar's lowest margins were 16.6% gross in Feb 2022, 4% operating in Nov 2024, 5.1% EBITDA in Feb 2025, and -0.5% net in Feb 2025.