Air Industries Group (AIRI) 10-Year Financial Performance & Capital Metrics

AIRI • • Industrial / General

IndustrialsAerospace & DefenseAerospace Components & SubsystemsStructural Components & Composites

AboutAir Industries Group, an aerospace and defense company, designs, manufactures, and sells structural parts and assemblies for mission-critical aerospace and defense applications, and a prime contractor to the U.S. Department of Defense in the United States. The company operates through two segments, Complex Machining and Turbine and Engine Component. The Complex Machining segment offers aircraft landing and arresting gears, engine mounts, flight controls, throttle quadrants, and other components. Its products are deployed on a range of military and commercial aircraft, including Sikorsky's UH-60 Blackhawk, Lockheed Martin F-35 Joint Strike Fighter, Northrop Grumman E2D Hawkeye, the US Navy F-18, and USAF F-16 and F-15 fighter aircraft. The Turbine and Engine Component segment makes components and provides services for aircraft jet engines and ground-power turbines. Its jet engine components are used on the USAF F-15 and F-16, the Airbus A-330, the Boeing 777, and others, as well as ground-power turbine applications. The company's products are used by original equipment manufacturers in the manufacture of fixed wing aircraft, helicopters jet turbine engines, and other complex aerospace and defense products. Air Industries Group was founded in 1979 and is headquartered in Bay Shore, New York.Show more

Revenue $55M +7.0%
EBITDA $3M +27.0%
Net Income -$1M +35.9%
EPS (Diluted) -0.41 +36.9%
Gross Margin 16.21% +12.4%
EBITDA Margin 6.14% +18.7%
Operating Margin 0.83% +245.5%
Net Margin -2.48% +40.1%
ROE -9.06% +31.9%
ROIC 0.83% +261.3%
Debt/Equity 1.86 +9.9%
Interest Coverage 0.24 +257.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.7x book value
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗Negative free cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-1.54%

5Y0.2%

3Y-2.22%

TTM-6.77%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-218.22%

EPS CAGR

10Y-

5Y-

3Y-

TTM-181.76%

ROCE

10Y Avg-9.84%

5Y Avg0.51%

3Y Avg0.06%

Latest1.92%

Peer Comparison

Structural Components & Composites

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LOARLoar Holdings Inc.	6.84B	73.09	304.54	26.88%	13.33%	5.46%	0.67%	0.26
PKEPark Aerospace Corp.	501.33M	25.16	86.76	10.75%	13.14%	8.14%	0.76%	0.00
BWXTBWX Technologies, Inc.	19.5B	213.25	69.46	8.31%	10.04%	24.74%	1.31%	0.98
DCODucommun Incorporated	1.7B	113.92	54.25	3.9%	-4.29%	-5.33%	1.18%	0.40
GEGE Aerospace	337.48B	319.94	53.41	9.49%	18.33%	42.38%	1.09%	1.04
HXLHexcel Corporation	6.71B	84.26	52.99	6.37%	3.67%	4.39%	3.02%	0.48
CVUCPI Aerostructures, Inc.	55.11M	4.18	16.08	-6.23%	-0.79%	-2.26%	5.72%	0.79
SPRSpirit AeroSystems Holdings, Inc.	4.64B	39.50	-2.16	4.44%	-40.65%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	80.44M	66.92M	49.87M	46.31M	54.57M	50.1M	58.94M	53.24M	51.52M	55.11M
Revenue Growth %	0.25%	-0.17%	-0.25%	-0.07%	0.18%	-0.08%	0.18%	-0.1%	-0.03%	0.07%
Cost of Goods Sold+	63.16M	60.2M	45M	40.9M	45.43M	43.59M	48.69M	45.79M	44.09M	46.18M
COGS % of Revenue	0.79%	0.9%	0.9%	0.88%	0.83%	0.87%	0.83%	0.86%	0.86%	0.84%
Gross Profit+	17.28M	6.72M	4.87M	5.41M	9.14M	6.51M	10.25M	7.45M	7.43M	8.93M
Gross Margin %	0.21%	0.1%	0.1%	0.12%	0.17%	0.13%	0.17%	0.14%	0.14%	0.16%
Gross Profit Growth %	0.23%	-0.61%	-0.28%	0.11%	0.69%	-0.29%	0.57%	-0.27%	-0%	0.2%
Operating Expenses+	16.56M	17.51M	11.45M	10.36M	8.81M	7.95M	7.77M	7.65M	7.72M	8.47M
OpEx % of Revenue	0.21%	0.26%	0.23%	0.22%	0.16%	0.16%	0.13%	0.14%	0.15%	0.15%
Selling, General & Admin	16.56M	14.4M	11.43M	8.31M	8.54M	7.95M	7.77M	0	7.72M	8.47M
SG&A % of Revenue	0.21%	0.22%	0.23%	0.18%	0.16%	0.16%	0.13%	-	0.15%	0.15%
Research & Development	341K	362K	423K	668K	0	0	0	0	0	0
R&D % of Revenue	0%	0.01%	0.01%	0.01%	-	-	-	-	-	-
Other Operating Expenses	-243K	-362K	5.77M	1.38M	275K	0	0	7.65M	0	0
Operating Income+	626K	-10.13M	-12.76M	-4.91M	328K	-1.44M	2.49M	-194K	-295K	459K
Operating Margin %	0.01%	-0.15%	-0.26%	-0.11%	0.01%	-0.03%	0.04%	-0%	-0.01%	0.01%
Operating Income Growth %	-0.64%	-17.19%	-0.26%	0.61%	1.07%	-5.39%	2.73%	-1.08%	-0.52%	2.56%
EBITDA+	4.98M	-5.96M	-9.11M	-2.04M	3.33M	1.13M	5.78M	2.87M	2.66M	3.38M
EBITDA Margin %	0.06%	-0.09%	-0.18%	-0.04%	0.06%	0.02%	0.1%	0.05%	0.05%	0.06%
EBITDA Growth %	-0.05%	-2.2%	-0.53%	0.78%	2.64%	-0.66%	4.11%	-0.5%	-0.07%	0.27%
D&A (Non-Cash Add-back)	4.35M	4.17M	3.64M	2.88M	3M	2.57M	3.29M	3.07M	2.96M	2.92M
EBIT	740K	-10.27M	-12.89M	-4.63M	603K	-1.44M	2.89M	262K	-211K	527K
Net Interest Income+	-1.86M	-2.5M	-3.38M	-3.92M	-3.56M	-1.49M	-1.26M	-1.34M	-1.92M	-1.89M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	1.86M	2.5M	3.38M	3.92M	3.56M	1.49M	1.26M	1.34M	1.92M	1.89M
Other Income/Expense	-1.74M	-2.63M	-3.51M	-3.64M	-2.89M	1.35M	-860K	-882K	-1.84M	-1.82M
Pretax Income+	-1.12M	-12.77M	-16.27M	-8.55M	-2.56M	-86K	1.63M	-1.08M	-2.13M	-1.37M
Pretax Margin %	-0.01%	-0.19%	-0.33%	-0.18%	-0.05%	-0%	0.03%	-0.02%	-0.04%	-0.02%
Income Tax+	-286K	2.11M	-197K	3K	37K	-1.41M	0	0	0	0
Effective Tax Rate %	0.74%	1.22%	1.39%	1.29%	1.07%	-12.74%	1%	1%	1%	1%
Net Income+	-832K	-15.62M	-22.55M	-10.99M	-2.73M	1.1M	1.63M	-1.08M	-2.13M	-1.37M
Net Margin %	-0.01%	-0.23%	-0.45%	-0.24%	-0.05%	0.02%	0.03%	-0.02%	-0.04%	-0.02%
Net Income Growth %	-2.25%	-17.78%	-0.44%	0.51%	0.75%	1.4%	0.48%	-1.66%	-0.98%	0.36%
Net Income (Continuing)	-832K	-14.87M	-16.07M	-8.55M	-2.6M	1.33M	1.63M	-1.08M	-2.13M	-1.37M
Discontinued Operations	0	-756K	0	0	-134K	-230K	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.11	-20.61	-17.00	-4.10	-0.90	0.30	0.45	-0.33	-0.65	-0.41
EPS Growth %	-2.11%	-17.57%	0.18%	0.76%	0.78%	1.33%	0.5%	-1.73%	-0.97%	0.37%
EPS (Basic)	-1.11	-20.60	-17.00	-4.10	-0.90	0.36	0.51	-0.33	-0.65	-0.41
Diluted Shares Outstanding	747.82K	757.94K	1.32M	2.69M	2.88M	3.67M	3.64M	3.23M	3.28M	3.34M
Basic Shares Outstanding	747.82K	757.94K	1.32M	2.67M	2.88M	3.07M	3.21M	3.23M	3.28M	3.34M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	56.12M	56.22M	47.58M	38.05M	38.24M	43.61M	40.88M	42.22M	38.72M	39.19M
Cash & Short-Term Investments	529K	1.3M	630K	2.01M	1.29M	2.5M	627K	281K	346K	753K
Cash Only	529K	1.3M	630K	2.01M	1.29M	2.5M	627K	281K	346K	753K
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	13.66M	6.07M	5.46M	6.52M	7.86M	8.8M	10.47M	9.78M	8.19M	9.2M
Days Sales Outstanding	61.99	33.13	39.99	51.41	52.56	64.1	64.86	67.04	58.01	60.91
Inventory	36.92M	39.85M	31.14M	29.05M	28.65M	32.12M	29.53M	31.82M	29.85M	28.81M
Days Inventory Outstanding	213.37	241.64	252.58	259.29	230.15	268.99	221.4	253.67	247.13	227.74
Other Current Assets	3.42M	21.6M	10.08M	0	447K	173K	226K	307K	297K	371K
Total Non-Current Assets+	32.13M	26.58M	13.18M	9.71M	12.85M	14.17M	12.54M	11.6M	12M	11.82M
Property, Plant & Equipment	15.3M	12.22M	10.05M	8.78M	11.2M	13.09M	11.42M	11.07M	10.88M	11.11M
Fixed Asset Turnover	5.26x	5.48x	4.96x	5.28x	4.87x	3.83x	5.16x	4.81x	4.73x	4.96x
Goodwill	10.52M	9.88M	272K	163K	163K	163K	163K	0	0	0
Intangible Assets	3.85M	1.75M	2.19M	0	0	0	0	0	0	0
Long-Term Investments	1.09M	-2.9M	-1.62M	-1.38M	0	0	0	0	0	0
Other Non-Current Assets	1.03M	2.72M	2.85M	768K	1.48M	912K	960K	532K	1.11M	712K
Total Assets+	88.25M	82.8M	60.76M	47.76M	51.09M	57.78M	53.42M	53.81M	50.72M	51.01M
Asset Turnover	0.91x	0.81x	0.82x	0.97x	1.07x	0.87x	1.10x	0.99x	1.02x	1.08x
Asset Growth %	0.34%	-0.06%	-0.27%	-0.21%	0.07%	0.13%	-0.08%	0.01%	-0.06%	0.01%
Total Current Liabilities+	53.96M	53.32M	38.05M	29.01M	32.62M	27.33M	23.4M	23.62M	26.6M	27.41M
Accounts Payable	9.84M	11.99M	8.63M	6.78M	6.58M	7.24M	5.46M	6.44M	5.46M	5.58M
Days Payables Outstanding	56.85	72.73	70.03	60.53	52.83	60.63	40.93	51.35	45.21	44.11
Short-Term Debt	40.9M	34M	23.39M	19.34M	22.54M	16.48M	14.11M	14.48M	16.04M	18.36M
Deferred Revenue (Current)	996K	984K	969K	919K	1000K	955K	1000K	819K	1000K	1000K
Other Current Liabilities	0	4.24M	2.79M	0	200K	1.29M	373K	0	0	350K
Current Ratio	1.04x	1.05x	1.25x	1.31x	1.17x	1.60x	1.75x	1.79x	1.46x	1.43x
Quick Ratio	0.36x	0.31x	0.43x	0.31x	0.29x	0.42x	0.48x	0.44x	0.33x	0.38x
Cash Conversion Cycle	218.52	202.04	222.54	250.16	229.87	272.46	245.33	269.36	259.94	244.54
Total Non-Current Liabilities+	5.49M	4.59M	4.94M	7.14M	8.26M	15.34M	12.63M	13.36M	8.92M	8.65M
Long-Term Debt	3.92M	2.97M	3.45M	5.72M	3.41M	10.8M	9.25M	10.79M	7.27M	7.92M
Capital Lease Obligations	0	0	0	1.79M	4.24M	3.93M	3.24M	2.46M	1.58M	702K
Deferred Tax Liabilities	47.33M	45.52M	1.62M	1.38M	0	313K	0	0	0	0
Other Non-Current Liabilities	1.21M	1.22M	1.2M	-621K	402K	116K	0	0	0	0
Total Liabilities	59.45M	57.91M	42.99M	36.15M	40.88M	42.67M	36.04M	36.98M	35.52M	36.06M
Total Debt+	44.8M	36.97M	26.84M	25.07M	30.88M	31.9M	27.29M	28.51M	25.77M	27.87M
Net Debt	44.28M	35.67M	26.21M	23.05M	29.59M	29.4M	26.66M	28.23M	25.43M	27.11M
Debt / Equity	1.56x	1.49x	1.51x	2.16x	3.03x	2.11x	1.57x	1.69x	1.70x	1.86x
Debt / EBITDA	9.00x	-	-	-	9.27x	28.21x	4.72x	9.92x	9.67x	8.24x
Net Debt / EBITDA	8.89x	-	-	-	8.89x	25.99x	4.61x	9.83x	9.54x	8.01x
Interest Coverage	0.34x	-4.05x	-3.78x	-1.25x	0.09x	-0.97x	1.97x	-0.14x	-0.15x	0.24x
Total Equity+	28.8M	24.89M	17.77M	11.61M	10.21M	15.11M	17.39M	16.84M	15.19M	14.95M
Equity Growth %	0.02%	-0.14%	-0.29%	-0.35%	-0.12%	0.48%	0.15%	-0.03%	-0.1%	-0.02%
Book Value per Share	38.52	32.84	13.43	4.31	3.54	4.11	4.77	5.22	4.63	4.48
Total Shareholders' Equity	28.8M	24.89M	17.77M	11.61M	10.21M	15.11M	17.39M	16.84M	15.19M	14.95M
Common Stock	7K	7K	25K	28K	29K	32K	3K	3K	3K	3K
Retained Earnings	-15.36M	-30.98M	-53.53M	-64.52M	-67.26M	-66.16M	-64.53M	-65.61M	-67.74M	-69.11M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-16.64M	-18.97M	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-894K	-692K	-3.99M	-2.34M	-888K	-1.52M	4.06M	448K	4.86M	324K
Operating CF Margin %	-0.01%	-0.01%	-0.08%	-0.05%	-0.02%	-0.03%	0.07%	0.01%	0.09%	0.01%
Operating CF Growth %	0.68%	0.23%	-4.76%	0.41%	0.62%	-0.72%	3.66%	-0.89%	9.85%	-0.93%
Net Income	-832K	-15.62M	-22.55M	-10.99M	-2.73M	1.1M	1.63M	-1.08M	-2.13M	-1.37M
Depreciation & Amortization	4.35M	4.63M	3.4M	2.88M	3.47M	3.05M	3.29M	3.07M	3M	2.92M
Stock-Based Compensation	100K	167K	564K	292K	244K	211K	443K	526K	482K	797K
Deferred Taxes	-215K	2.06M	13.38M	846K	0	627K	0	0	0	0
Other Non-Cash Items	683K	1.36M	1.83M	3.93M	1.5M	-1.9M	8K	-499K	68K	67K
Working Capital Changes	-4.98M	6.71M	-607K	713K	-3.37M	-4.61M	-1.31M	-1.57M	3.44M	-2.1M
Change in Receivables	91K	4.62M	1M	-561K	-1.65M	-1.04M	-1.59M	1.3M	1.53M	-1.06M
Change in Inventory	-8.41M	-2.9M	905K	1.4M	405K	-3.47M	2.59M	-2.29M	1.97M	1.04M
Change in Payables	2.79M	4.98M	-3.53M	-2.2M	-970K	275K	-1.59M	0	0	961K
Cash from Investing+	-8.56M	-924K	1.76M	3.69M	-764K	-3.8M	-1.36M	-2.36M	-2.11M	-2.29M
Capital Expenditures	-2.22M	-2.6M	-2.5M	-1.79M	-764K	-3.8M	-1.36M	-2.36M	-2.12M	-2.3M
CapEx % of Revenue	0.03%	0.04%	0.05%	0.04%	0.01%	0.08%	0.02%	0.04%	0.04%	0.04%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-656K	1.67M	3.27M	-523K	0	0	0	0	7K	16K
Cash from Financing+	8.56M	2.39M	1.55M	33K	934K	6.53M	-4.58M	1.57M	-2.69M	2.37M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-4.47M	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-462K	3.82M	7.68M	-125K	684K	-226K	0	-20K	-25K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-3.11M	-3.29M	-6.49M	-4.12M	-1.65M	-5.32M	2.7M	-1.91M	2.74M	-1.98M
FCF Margin %	-0.04%	-0.05%	-0.13%	-0.09%	-0.03%	-0.11%	0.05%	-0.04%	0.05%	-0.04%
FCF Growth %	0.16%	-0.06%	-0.97%	0.36%	0.6%	-2.22%	1.51%	-1.71%	2.43%	-1.72%
FCF per Share	-4.16	-4.34	-4.90	-1.53	-0.57	-1.45	0.74	-0.59	0.84	-0.59
FCF Conversion (FCF/Net Income)	1.07x	0.04x	0.18x	0.21x	0.33x	-1.39x	2.50x	-0.42x	-2.28x	-0.24x
Interest Paid	1.65M	1.49M	2.04M	1.51M	2.27M	924K	1.21M	1.29M	1.91M	1.85M
Taxes Paid	445K	13K	8K	2K	22K	0	7K	6K	6.1K	20K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-2.92%	-58.19%	-105.73%	-74.85%	-25.05%	8.66%	10.01%	-6.29%	-13.31%	-9.06%
Return on Invested Capital (ROIC)	0.74%	-11.38%	-18.31%	-9.37%	0.66%	-2.56%	4.21%	-0.33%	-0.52%	0.83%
Gross Margin	21.48%	10.04%	9.76%	11.69%	16.75%	13%	17.4%	14%	14.42%	16.21%
Net Margin	-1.03%	-23.35%	-45.22%	-23.74%	-5.01%	2.19%	2.76%	-2.02%	-4.14%	-2.48%
Debt / Equity	1.56x	1.49x	1.51x	2.16x	3.03x	2.11x	1.57x	1.69x	1.70x	1.86x
Interest Coverage	0.34x	-4.05x	-3.78x	-1.25x	0.09x	-0.97x	1.97x	-0.14x	-0.15x	0.24x
FCF Conversion	1.07x	0.04x	0.18x	0.21x	0.33x	-1.39x	2.50x	-0.42x	-2.28x	-0.24x
Revenue Growth	25.04%	-16.82%	-25.47%	-7.14%	17.85%	-8.2%	17.65%	-9.67%	-3.23%	6.97%

Revenue by Segment

	2013	2014	2015	2021	2024
Commercial Member	-	-	-	-	16.61M
Commercial Member Growth	-	-	-	-	-
ConsolidatedMember	-	-	-	58.94M	-
ConsolidatedMember Growth	-	-	-	-	-
ComplexMachiningMember	-	-	-	52.92M	-
ComplexMachiningMember Growth	-	-	-	-	-
TurbineEngineComponentsMember	-	-	-	6.02M	-
TurbineEngineComponentsMember Growth	-	-	-	-	-
Sterling	-	-	6.89M	-	-
Sterling Growth	-	-	-	-	-
AMK	-	-	4.06M	-	-
AMK Growth	-	-	-	-	-
Woodbine	-	-	753K	-	-
Woodbine Growth	-	-	-	-	-
ECC	-	-	605K	-	-
ECC Growth	-	-	-	-	-
Compac	-	-	467K	-	-
Compac Growth	-	-	-	-	-
Consolidated	62.83M	64.33M	-	-	-
Consolidated Growth	-	2.38%	-	-	-
COMPLEX MACHINING	-	44.22M	-	-	-
COMPLEX MACHINING Growth	-	-	-	-	-
AEROSTRUCTURES & ELECTRONICS	-	18.27M	-	-	-
AEROSTRUCTURES & ELECTRONICS Growth	-	-	-	-	-
TURBINE ENGINE COMPONENTS	-	1.84M	-	-	-
TURBINE ENGINE COMPONENTS Growth	-	-	-	-	-
AIM	35M	-	-	-	-
AIM Growth	-	-	-	-	-
NTW	14.21M	-	-	-	-
NTW Growth	-	-	-	-	-
WMI	13.63M	-	-	-	-
WMI Growth	-	-	-	-	-

Revenue by Geography

	2013	2014	2015	2021	2024
Eur-Pac	-	-	4.8M	-	-
Eur-Pac Growth	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Air Industries Group (AIRI) reported $50.0M in revenue for fiscal year 2024. This represents a 7% decrease from $53.7M in 2011.

Air Industries Group (AIRI) grew revenue by 7.0% over the past year. This is steady growth.

Air Industries Group (AIRI) reported a net loss of $2.0M for fiscal year 2024.

Dividend & Returns

Air Industries Group (AIRI) has a return on equity (ROE) of -9.1%. Negative ROE indicates the company is unprofitable.

Air Industries Group (AIRI) had negative free cash flow of $4.8M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Air Industries Group (AIRI) 10-Year Financial Performance & Capital Metrics

AIRI • • Industrial / General

IndustrialsAerospace & DefenseAerospace Components & SubsystemsStructural Components & Composites

Revenue $55M +7.0%
EBITDA $3M +27.0%
Net Income -$1M +35.9%
EPS (Diluted) -0.41 +36.9%
Gross Margin 16.21% +12.4%
EBITDA Margin 6.14% +18.7%
Operating Margin 0.83% +245.5%
Net Margin -2.48% +40.1%
ROE -9.06% +31.9%
ROIC 0.83% +261.3%
Debt/Equity 1.86 +9.9%
Interest Coverage 0.24 +257.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.7x book value
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗Negative free cash flow

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-1.54%

5Y0.2%

3Y-2.22%

TTM-6.77%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-218.22%

EPS CAGR

10Y-

5Y-

3Y-

TTM-181.76%

ROCE

10Y Avg-9.84%

5Y Avg0.51%

3Y Avg0.06%

Latest1.92%

Peer Comparison

Structural Components & Composites

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LOARLoar Holdings Inc.	6.84B	73.09	304.54	26.88%	13.33%	5.46%	0.67%	0.26
PKEPark Aerospace Corp.	501.33M	25.16	86.76	10.75%	13.14%	8.14%	0.76%	0.00
BWXTBWX Technologies, Inc.	19.5B	213.25	69.46	8.31%	10.04%	24.74%	1.31%	0.98
DCODucommun Incorporated	1.7B	113.92	54.25	3.9%	-4.29%	-5.33%	1.18%	0.40
GEGE Aerospace	337.48B	319.94	53.41	9.49%	18.33%	42.38%	1.09%	1.04
HXLHexcel Corporation	6.71B	84.26	52.99	6.37%	3.67%	4.39%	3.02%	0.48
CVUCPI Aerostructures, Inc.	55.11M	4.18	16.08	-6.23%	-0.79%	-2.26%	5.72%	0.79
SPRSpirit AeroSystems Holdings, Inc.	4.64B	39.50	-2.16	4.44%	-40.65%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	80.44M	66.92M	49.87M	46.31M	54.57M	50.1M	58.94M	53.24M	51.52M	55.11M
Revenue Growth %	0.25%	-0.17%	-0.25%	-0.07%	0.18%	-0.08%	0.18%	-0.1%	-0.03%	0.07%
Cost of Goods Sold+	63.16M	60.2M	45M	40.9M	45.43M	43.59M	48.69M	45.79M	44.09M	46.18M
COGS % of Revenue	0.79%	0.9%	0.9%	0.88%	0.83%	0.87%	0.83%	0.86%	0.86%	0.84%
Gross Profit+	17.28M	6.72M	4.87M	5.41M	9.14M	6.51M	10.25M	7.45M	7.43M	8.93M
Gross Margin %	0.21%	0.1%	0.1%	0.12%	0.17%	0.13%	0.17%	0.14%	0.14%	0.16%
Gross Profit Growth %	0.23%	-0.61%	-0.28%	0.11%	0.69%	-0.29%	0.57%	-0.27%	-0%	0.2%
Operating Expenses+	16.56M	17.51M	11.45M	10.36M	8.81M	7.95M	7.77M	7.65M	7.72M	8.47M
OpEx % of Revenue	0.21%	0.26%	0.23%	0.22%	0.16%	0.16%	0.13%	0.14%	0.15%	0.15%
Selling, General & Admin	16.56M	14.4M	11.43M	8.31M	8.54M	7.95M	7.77M	0	7.72M	8.47M
SG&A % of Revenue	0.21%	0.22%	0.23%	0.18%	0.16%	0.16%	0.13%	-	0.15%	0.15%
Research & Development	341K	362K	423K	668K	0	0	0	0	0	0
R&D % of Revenue	0%	0.01%	0.01%	0.01%	-	-	-	-	-	-
Other Operating Expenses	-243K	-362K	5.77M	1.38M	275K	0	0	7.65M	0	0
Operating Income+	626K	-10.13M	-12.76M	-4.91M	328K	-1.44M	2.49M	-194K	-295K	459K
Operating Margin %	0.01%	-0.15%	-0.26%	-0.11%	0.01%	-0.03%	0.04%	-0%	-0.01%	0.01%
Operating Income Growth %	-0.64%	-17.19%	-0.26%	0.61%	1.07%	-5.39%	2.73%	-1.08%	-0.52%	2.56%
EBITDA+	4.98M	-5.96M	-9.11M	-2.04M	3.33M	1.13M	5.78M	2.87M	2.66M	3.38M
EBITDA Margin %	0.06%	-0.09%	-0.18%	-0.04%	0.06%	0.02%	0.1%	0.05%	0.05%	0.06%
EBITDA Growth %	-0.05%	-2.2%	-0.53%	0.78%	2.64%	-0.66%	4.11%	-0.5%	-0.07%	0.27%
D&A (Non-Cash Add-back)	4.35M	4.17M	3.64M	2.88M	3M	2.57M	3.29M	3.07M	2.96M	2.92M
EBIT	740K	-10.27M	-12.89M	-4.63M	603K	-1.44M	2.89M	262K	-211K	527K
Net Interest Income+	-1.86M	-2.5M	-3.38M	-3.92M	-3.56M	-1.49M	-1.26M	-1.34M	-1.92M	-1.89M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	1.86M	2.5M	3.38M	3.92M	3.56M	1.49M	1.26M	1.34M	1.92M	1.89M
Other Income/Expense	-1.74M	-2.63M	-3.51M	-3.64M	-2.89M	1.35M	-860K	-882K	-1.84M	-1.82M
Pretax Income+	-1.12M	-12.77M	-16.27M	-8.55M	-2.56M	-86K	1.63M	-1.08M	-2.13M	-1.37M
Pretax Margin %	-0.01%	-0.19%	-0.33%	-0.18%	-0.05%	-0%	0.03%	-0.02%	-0.04%	-0.02%
Income Tax+	-286K	2.11M	-197K	3K	37K	-1.41M	0	0	0	0
Effective Tax Rate %	0.74%	1.22%	1.39%	1.29%	1.07%	-12.74%	1%	1%	1%	1%
Net Income+	-832K	-15.62M	-22.55M	-10.99M	-2.73M	1.1M	1.63M	-1.08M	-2.13M	-1.37M
Net Margin %	-0.01%	-0.23%	-0.45%	-0.24%	-0.05%	0.02%	0.03%	-0.02%	-0.04%	-0.02%
Net Income Growth %	-2.25%	-17.78%	-0.44%	0.51%	0.75%	1.4%	0.48%	-1.66%	-0.98%	0.36%
Net Income (Continuing)	-832K	-14.87M	-16.07M	-8.55M	-2.6M	1.33M	1.63M	-1.08M	-2.13M	-1.37M
Discontinued Operations	0	-756K	0	0	-134K	-230K	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.11	-20.61	-17.00	-4.10	-0.90	0.30	0.45	-0.33	-0.65	-0.41
EPS Growth %	-2.11%	-17.57%	0.18%	0.76%	0.78%	1.33%	0.5%	-1.73%	-0.97%	0.37%
EPS (Basic)	-1.11	-20.60	-17.00	-4.10	-0.90	0.36	0.51	-0.33	-0.65	-0.41
Diluted Shares Outstanding	747.82K	757.94K	1.32M	2.69M	2.88M	3.67M	3.64M	3.23M	3.28M	3.34M
Basic Shares Outstanding	747.82K	757.94K	1.32M	2.67M	2.88M	3.07M	3.21M	3.23M	3.28M	3.34M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	56.12M	56.22M	47.58M	38.05M	38.24M	43.61M	40.88M	42.22M	38.72M	39.19M
Cash & Short-Term Investments	529K	1.3M	630K	2.01M	1.29M	2.5M	627K	281K	346K	753K
Cash Only	529K	1.3M	630K	2.01M	1.29M	2.5M	627K	281K	346K	753K
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	13.66M	6.07M	5.46M	6.52M	7.86M	8.8M	10.47M	9.78M	8.19M	9.2M
Days Sales Outstanding	61.99	33.13	39.99	51.41	52.56	64.1	64.86	67.04	58.01	60.91
Inventory	36.92M	39.85M	31.14M	29.05M	28.65M	32.12M	29.53M	31.82M	29.85M	28.81M
Days Inventory Outstanding	213.37	241.64	252.58	259.29	230.15	268.99	221.4	253.67	247.13	227.74
Other Current Assets	3.42M	21.6M	10.08M	0	447K	173K	226K	307K	297K	371K
Total Non-Current Assets+	32.13M	26.58M	13.18M	9.71M	12.85M	14.17M	12.54M	11.6M	12M	11.82M
Property, Plant & Equipment	15.3M	12.22M	10.05M	8.78M	11.2M	13.09M	11.42M	11.07M	10.88M	11.11M
Fixed Asset Turnover	5.26x	5.48x	4.96x	5.28x	4.87x	3.83x	5.16x	4.81x	4.73x	4.96x
Goodwill	10.52M	9.88M	272K	163K	163K	163K	163K	0	0	0
Intangible Assets	3.85M	1.75M	2.19M	0	0	0	0	0	0	0
Long-Term Investments	1.09M	-2.9M	-1.62M	-1.38M	0	0	0	0	0	0
Other Non-Current Assets	1.03M	2.72M	2.85M	768K	1.48M	912K	960K	532K	1.11M	712K
Total Assets+	88.25M	82.8M	60.76M	47.76M	51.09M	57.78M	53.42M	53.81M	50.72M	51.01M
Asset Turnover	0.91x	0.81x	0.82x	0.97x	1.07x	0.87x	1.10x	0.99x	1.02x	1.08x
Asset Growth %	0.34%	-0.06%	-0.27%	-0.21%	0.07%	0.13%	-0.08%	0.01%	-0.06%	0.01%
Total Current Liabilities+	53.96M	53.32M	38.05M	29.01M	32.62M	27.33M	23.4M	23.62M	26.6M	27.41M
Accounts Payable	9.84M	11.99M	8.63M	6.78M	6.58M	7.24M	5.46M	6.44M	5.46M	5.58M
Days Payables Outstanding	56.85	72.73	70.03	60.53	52.83	60.63	40.93	51.35	45.21	44.11
Short-Term Debt	40.9M	34M	23.39M	19.34M	22.54M	16.48M	14.11M	14.48M	16.04M	18.36M
Deferred Revenue (Current)	996K	984K	969K	919K	1000K	955K	1000K	819K	1000K	1000K
Other Current Liabilities	0	4.24M	2.79M	0	200K	1.29M	373K	0	0	350K
Current Ratio	1.04x	1.05x	1.25x	1.31x	1.17x	1.60x	1.75x	1.79x	1.46x	1.43x
Quick Ratio	0.36x	0.31x	0.43x	0.31x	0.29x	0.42x	0.48x	0.44x	0.33x	0.38x
Cash Conversion Cycle	218.52	202.04	222.54	250.16	229.87	272.46	245.33	269.36	259.94	244.54
Total Non-Current Liabilities+	5.49M	4.59M	4.94M	7.14M	8.26M	15.34M	12.63M	13.36M	8.92M	8.65M
Long-Term Debt	3.92M	2.97M	3.45M	5.72M	3.41M	10.8M	9.25M	10.79M	7.27M	7.92M
Capital Lease Obligations	0	0	0	1.79M	4.24M	3.93M	3.24M	2.46M	1.58M	702K
Deferred Tax Liabilities	47.33M	45.52M	1.62M	1.38M	0	313K	0	0	0	0
Other Non-Current Liabilities	1.21M	1.22M	1.2M	-621K	402K	116K	0	0	0	0
Total Liabilities	59.45M	57.91M	42.99M	36.15M	40.88M	42.67M	36.04M	36.98M	35.52M	36.06M
Total Debt+	44.8M	36.97M	26.84M	25.07M	30.88M	31.9M	27.29M	28.51M	25.77M	27.87M
Net Debt	44.28M	35.67M	26.21M	23.05M	29.59M	29.4M	26.66M	28.23M	25.43M	27.11M
Debt / Equity	1.56x	1.49x	1.51x	2.16x	3.03x	2.11x	1.57x	1.69x	1.70x	1.86x
Debt / EBITDA	9.00x	-	-	-	9.27x	28.21x	4.72x	9.92x	9.67x	8.24x
Net Debt / EBITDA	8.89x	-	-	-	8.89x	25.99x	4.61x	9.83x	9.54x	8.01x
Interest Coverage	0.34x	-4.05x	-3.78x	-1.25x	0.09x	-0.97x	1.97x	-0.14x	-0.15x	0.24x
Total Equity+	28.8M	24.89M	17.77M	11.61M	10.21M	15.11M	17.39M	16.84M	15.19M	14.95M
Equity Growth %	0.02%	-0.14%	-0.29%	-0.35%	-0.12%	0.48%	0.15%	-0.03%	-0.1%	-0.02%
Book Value per Share	38.52	32.84	13.43	4.31	3.54	4.11	4.77	5.22	4.63	4.48
Total Shareholders' Equity	28.8M	24.89M	17.77M	11.61M	10.21M	15.11M	17.39M	16.84M	15.19M	14.95M
Common Stock	7K	7K	25K	28K	29K	32K	3K	3K	3K	3K
Retained Earnings	-15.36M	-30.98M	-53.53M	-64.52M	-67.26M	-66.16M	-64.53M	-65.61M	-67.74M	-69.11M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-16.64M	-18.97M	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-894K	-692K	-3.99M	-2.34M	-888K	-1.52M	4.06M	448K	4.86M	324K
Operating CF Margin %	-0.01%	-0.01%	-0.08%	-0.05%	-0.02%	-0.03%	0.07%	0.01%	0.09%	0.01%
Operating CF Growth %	0.68%	0.23%	-4.76%	0.41%	0.62%	-0.72%	3.66%	-0.89%	9.85%	-0.93%
Net Income	-832K	-15.62M	-22.55M	-10.99M	-2.73M	1.1M	1.63M	-1.08M	-2.13M	-1.37M
Depreciation & Amortization	4.35M	4.63M	3.4M	2.88M	3.47M	3.05M	3.29M	3.07M	3M	2.92M
Stock-Based Compensation	100K	167K	564K	292K	244K	211K	443K	526K	482K	797K
Deferred Taxes	-215K	2.06M	13.38M	846K	0	627K	0	0	0	0
Other Non-Cash Items	683K	1.36M	1.83M	3.93M	1.5M	-1.9M	8K	-499K	68K	67K
Working Capital Changes	-4.98M	6.71M	-607K	713K	-3.37M	-4.61M	-1.31M	-1.57M	3.44M	-2.1M
Change in Receivables	91K	4.62M	1M	-561K	-1.65M	-1.04M	-1.59M	1.3M	1.53M	-1.06M
Change in Inventory	-8.41M	-2.9M	905K	1.4M	405K	-3.47M	2.59M	-2.29M	1.97M	1.04M
Change in Payables	2.79M	4.98M	-3.53M	-2.2M	-970K	275K	-1.59M	0	0	961K
Cash from Investing+	-8.56M	-924K	1.76M	3.69M	-764K	-3.8M	-1.36M	-2.36M	-2.11M	-2.29M
Capital Expenditures	-2.22M	-2.6M	-2.5M	-1.79M	-764K	-3.8M	-1.36M	-2.36M	-2.12M	-2.3M
CapEx % of Revenue	0.03%	0.04%	0.05%	0.04%	0.01%	0.08%	0.02%	0.04%	0.04%	0.04%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-656K	1.67M	3.27M	-523K	0	0	0	0	7K	16K
Cash from Financing+	8.56M	2.39M	1.55M	33K	934K	6.53M	-4.58M	1.57M	-2.69M	2.37M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-4.47M	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-462K	3.82M	7.68M	-125K	684K	-226K	0	-20K	-25K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-3.11M	-3.29M	-6.49M	-4.12M	-1.65M	-5.32M	2.7M	-1.91M	2.74M	-1.98M
FCF Margin %	-0.04%	-0.05%	-0.13%	-0.09%	-0.03%	-0.11%	0.05%	-0.04%	0.05%	-0.04%
FCF Growth %	0.16%	-0.06%	-0.97%	0.36%	0.6%	-2.22%	1.51%	-1.71%	2.43%	-1.72%
FCF per Share	-4.16	-4.34	-4.90	-1.53	-0.57	-1.45	0.74	-0.59	0.84	-0.59
FCF Conversion (FCF/Net Income)	1.07x	0.04x	0.18x	0.21x	0.33x	-1.39x	2.50x	-0.42x	-2.28x	-0.24x
Interest Paid	1.65M	1.49M	2.04M	1.51M	2.27M	924K	1.21M	1.29M	1.91M	1.85M
Taxes Paid	445K	13K	8K	2K	22K	0	7K	6K	6.1K	20K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-2.92%	-58.19%	-105.73%	-74.85%	-25.05%	8.66%	10.01%	-6.29%	-13.31%	-9.06%
Return on Invested Capital (ROIC)	0.74%	-11.38%	-18.31%	-9.37%	0.66%	-2.56%	4.21%	-0.33%	-0.52%	0.83%
Gross Margin	21.48%	10.04%	9.76%	11.69%	16.75%	13%	17.4%	14%	14.42%	16.21%
Net Margin	-1.03%	-23.35%	-45.22%	-23.74%	-5.01%	2.19%	2.76%	-2.02%	-4.14%	-2.48%
Debt / Equity	1.56x	1.49x	1.51x	2.16x	3.03x	2.11x	1.57x	1.69x	1.70x	1.86x
Interest Coverage	0.34x	-4.05x	-3.78x	-1.25x	0.09x	-0.97x	1.97x	-0.14x	-0.15x	0.24x
FCF Conversion	1.07x	0.04x	0.18x	0.21x	0.33x	-1.39x	2.50x	-0.42x	-2.28x	-0.24x
Revenue Growth	25.04%	-16.82%	-25.47%	-7.14%	17.85%	-8.2%	17.65%	-9.67%	-3.23%	6.97%

Revenue by Segment

	2013	2014	2015	2021	2024
Commercial Member	-	-	-	-	16.61M
Commercial Member Growth	-	-	-	-	-
ConsolidatedMember	-	-	-	58.94M	-
ConsolidatedMember Growth	-	-	-	-	-
ComplexMachiningMember	-	-	-	52.92M	-
ComplexMachiningMember Growth	-	-	-	-	-
TurbineEngineComponentsMember	-	-	-	6.02M	-
TurbineEngineComponentsMember Growth	-	-	-	-	-
Sterling	-	-	6.89M	-	-
Sterling Growth	-	-	-	-	-
AMK	-	-	4.06M	-	-
AMK Growth	-	-	-	-	-
Woodbine	-	-	753K	-	-
Woodbine Growth	-	-	-	-	-
ECC	-	-	605K	-	-
ECC Growth	-	-	-	-	-
Compac	-	-	467K	-	-
Compac Growth	-	-	-	-	-
Consolidated	62.83M	64.33M	-	-	-
Consolidated Growth	-	2.38%	-	-	-
COMPLEX MACHINING	-	44.22M	-	-	-
COMPLEX MACHINING Growth	-	-	-	-	-
AEROSTRUCTURES & ELECTRONICS	-	18.27M	-	-	-
AEROSTRUCTURES & ELECTRONICS Growth	-	-	-	-	-
TURBINE ENGINE COMPONENTS	-	1.84M	-	-	-
TURBINE ENGINE COMPONENTS Growth	-	-	-	-	-
AIM	35M	-	-	-	-
AIM Growth	-	-	-	-	-
NTW	14.21M	-	-	-	-
NTW Growth	-	-	-	-	-
WMI	13.63M	-	-	-	-
WMI Growth	-	-	-	-	-

Revenue by Geography

	2013	2014	2015	2021	2024
Eur-Pac	-	-	4.8M	-	-
Eur-Pac Growth	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Air Industries Group (AIRI) reported $50.0M in revenue for fiscal year 2024. This represents a 7% decrease from $53.7M in 2011.

Air Industries Group (AIRI) grew revenue by 7.0% over the past year. This is steady growth.

Air Industries Group (AIRI) reported a net loss of $2.0M for fiscal year 2024.

Dividend & Returns

Air Industries Group (AIRI) has a return on equity (ROE) of -9.1%. Negative ROE indicates the company is unprofitable.

Air Industries Group (AIRI) had negative free cash flow of $4.8M in fiscal year 2024, likely due to heavy capital investments.