AIR
AAR Corp.
AIR has the edge over RDW overall, supported by lower modeled downside and stronger valuation.
RDW
Redwire Corporation
RDW's outlook is improving, though it still trails on the overall score.
AIR Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Stable |
AIR's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
AIR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 18x | $108 | — |
| Cheap | 20x | $98.18 | -9.3% |
| Current | 22x | $108 | — |
| Fair | 31x | $151 | +40% |
| Expensive | 165x | $809 | +647% |
Historical ranges are pointers, not guarantees.
AIR's PE is in its cheap range at 22x. If earnings grow as analysts expect, today's price would be 18x next year's earnings.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
AIR Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for AIR, with profitability holding steady.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
RDW has the edge over AIR on the outlook, with more favorable profitability expectations.
AIR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.92 | +21% |
| Q3 2026 | $4.91 | +514% |
| Q2 2026 | $4.86 | +1289% |
| Q1 2026 | $4.53 | +$4.90 |
| Q4 2025 | $2.57 | +852% |
| Q3 2025 | $0.80 | -56% |
| Q2 2025 | $0.35 | -73% |
| Q1 2025 | -$0.37 | -122% |
| Q4 2024 | $0.27 | -86% |
AIR has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
AIR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $918M | +24% |
| Q2 2026 | $928M | +23% |
| Q1 2026 | $845.1M | +25% |
| Q4 2025 | $795.3M | +16% |
| Q3 2025 | $739.6M | +12% |
| Q2 2025 | $754.5M | +15% |
| Q1 2025 | $678.2M | +20% |
| Q4 2024 | $686.1M | +26% |
AIR's revenue has grown year over year for 16 quarters in a row: $918M last quarter, up 24% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6% | -0.3 points |
| Q2 2026 | 6.2% | N/A |
| Q1 2026 | 11% | N/A |
| Q4 2025 | 6% | N/A |
| Q3 2025 | 6.3% | N/A |
| Q2 2023 | 6.6% | -0.3 points |
| Q1 2023 | 6.8% | -0.1 points |
| Q4 2022 | 7% | +0.1 points |
AIR has the edge over RDW on profitability, with a higher operating margin.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW's revenue has grown year over year for five quarters in a row: $109M last quarter, up 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
AIR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $44M | +$97.6M |
| Q2 2026 | $43.3M | +4.6% |
| Q1 2026 | $66.2M | +$93.4M |
| Q4 2025 | $6.2M | -55% |
| Q3 2025 | -$53.6M | -$27.1M |
| Q2 2025 | $41.4M | +144% |
| Q1 2025 | -$27.2M | -286% |
| Q4 2024 | $13.7M | +36% |
AIR has the edge over RDW on cash generation, producing positive trailing cash flow while its opponent burns cash.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
AIR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.9% | +1.5M shares |
| 1 year | +11% | +4M shares |
| 3 years | +14% | +4.8M shares |
| 5 years | +13% | +4.6M shares |
| Available history | +14% | +4.9M shares |
AIR has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2024 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | $28.2M |
| Q3 2022 | $21.9M |
| Q2 2022 | $22.2M |
| Q2 2020 | — |
| Q1 2020 | — |
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
AIR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.3x | Moderate |
| Q2 2026 | 2.6x | Moderate |
| Q2 2023 | 1.2x | Healthy |
| Q1 2023 | 0.8x | Very low |
| Q4 2022 | 0.9x | Very low |
| Q3 2022 | 0.4x | Very low |
| Q2 2022 | 0.3x | Very low |
| Q1 2022 | 0.5x | Very low |
AIR's net debt is about 2.3 years of its operating earnings (EBITDA), up from less than a year a year ago.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
AIR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.3 | Neutral |
| Stochastic | 24.1 | Neutral |
AIR's weekly RSI is 45 (neutral) and its Stochastic is 24 (neutral).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
AIR PE vs Industrials Sector
| Metric | AIR | Sector median | Relative |
|---|---|---|---|
| PE | 22x | 24x | 8.4% below |
| PE % | 31 | 58 | 27 pts below |
AIR is trading at 22x earnings, in line with the Industrials sector's median of 24x.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
AIR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $103.9 | 4.2% above |
| 20 week MA | $121.6 | 11% below |
| 50 week MA | $113.7 | 4.8% below |
| 100 week MA | $91.7 | 18% above |
| 200 week MA | $76.6 | 41% above |
AIR has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
AIR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $45.3 | $35.5 | -22% |
| 2021 | $35.5 | $38.5 | +8.5% |
| 2022 | $38.5 | $42.9 | +11% |
| 2023 | $42.9 | $62.4 | +45% |
| 2024 | $62.4 | $60.4 | -3.2% |
| 2025 | $60.4 | $85.1 | +41% |
| 2026 YTD | $85.1 | $108.3 | +27% |
AIR has the edge over RDW on returns for 2026, with the stronger performance.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW's yearly returns have swung widely, from +501% in 2024 to −74% in 2022. It's up 12% so far in 2026.