HIGHBuilt-inCustomer
72.1%
commercial customers including major airlines
“10-K Item 1A: 'Our sales to commercial customers, including major airlines and related OEM suppliers, were $2,384.1 million (72.1% of consolidated sales) in fiscal 2026.'”
AIR · Concentration risk · 10-K extracted
AAR (AIR) concentration risks
Updated
The most significant concentration AAR discloses is commercial customers including major airlines at 72.1%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
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Source: AAR’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM0
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWOutside partyCustomer
23.8%
U.S. government and its contractors
“10-K Item 1: 'Sales to branches, agencies, and departments of the U.S. government and its contractors were $787.8 million (23.8% of consolidated sales)'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-18AAR's revenue base splits between a commercial franchise and a government franchise, and the two behave differently. Sales to commercial customers, including major airlines and related OEM suppliers, were $2,384.1 million, or 72.1% of consolidated sales. That is a large-share exposure that is structural in character: it reflects the company's position in commercial aviation aftermarket and supply activity and moves with airline demand, fleet utilization and OEM production, rather than with any single counterparty. Sales to branches, agencies and departments of the U.S. government and its contractors were $787.8 million, or 23.8% of consolidated sales. This is a low-share exposure, but it is a dependency in character, because it hinges on appropriations, contract awards and program continuity that are decided outside the company. Netted together, the larger commercial exposure drives the cyclical profile and is the one most likely to move the verdict, while the government line supplies a differently timed revenue stream. Neither disclosure points to a single named customer dominating results.
For the engine’s reasoning on AIR’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Aerospace & Defense
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| BA | Boeing Company (The) | 2 | 3 | 0 | 5 |
| AVAV | AeroVironment, Inc. | 2 | 0 | 0 | 2 |
| AIR● | AAR Corp. | 1 | 0 | 1 | 2 |
| ACHR | Archer Aviation Inc. | 1 | 0 | 0 | 1 |
| AXON | Axon Enterprise, Inc. | 0 | 2 | 0 | 2 |
| ATRO | Astronics Corporation | 0 | 0 | 1 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.