Air T, Inc.(AIRT)Earnings, Financials & Key Ratios
AIRT•NASDAQ
$21.18
$64M mkt cap·Price updated May 6, 2026
SectorIndustrialsIndustryFreight & LogisticsSub-IndustryAsset-Based Parcel, Express and LTL Carriers
AboutAir T, Inc., through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts, and printing equipment and maintenance services in the United States and internationally. The company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2022, this segment had 72 aircraft under the dry-lease agreements with FedEx. Its Ground Equipment Sales segment manufactures, sells, and services aircraft deicers, scissor-type lifts, military and civilian decontamination units, flight-line tow tractors, glycol recovery vehicles, and other specialized equipment. This segment sells its products to passenger and cargo airlines, ground handling companies, the United States Air Force, airports, and industrial customers. Its Commercial Aircraft, Engines and Parts segment offers commercial aircraft trading, leasing, and parts solutions; commercial aircraft storage, storage maintenance, and aircraft disassembly/part-out services; commercial aircraft parts sales, exchanges, procurement services, consignment programs, and overhaul and repair services; and aircraft instrumentation, avionics, and a range of electrical accessories for civilian, military transport, regional/commuter and business/commercial jet, and turboprop aircraft. This segment also provides composite aircraft structures, and repair and support services. Air T, Inc. was incorporated in 1980 and is based in Denver, North Carolina.Show more
- Revenue$292M+1.7%
- EBITDA$6M+54.2%
- Net Income-$6M+10.0%
- EPS (Diluted)-2.23+7.9%
- Gross Margin20.62%+12.9%
- EBITDA Margin2.15%+51.6%
- Operating Margin0.65%+48.4%
- Net Margin-2.1%+11.5%
- ROE-50.47%-64.6%
- ROIC1.08%+67.3%
- Debt/Equity23.32+250.1%
- Interest Coverage0.21+18.5%
AIRT Key Insights
Air T, Inc. (AIRT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Share count reduced 2.3% through buybacks
- ✓Efficient asset utilization: 1.7x turnover
✗Weaknesses
- ✗High debt to equity ratio of 23.3x
- ✗Expensive at 10.5x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
AIRT Price & Volume
Air T, Inc. (AIRT) stock price & volume — 10-year historical chart
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AIRT Growth Metrics
Air T, Inc. (AIRT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years10.03%
5 Years4.27%
3 Years18.12%
TTM-8.63%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-732.51%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-765.52%
Return on Capital
10 Years3.57%
5 Years-0.75%
3 Years-0.15%
Last Year1.49%
AIRT Peer Comparison
Air T, Inc. (AIRT) competitors in Asset-Based Parcel, Express and LTL Carriers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MRTN | 1.23B | 15.06 | 71.71 | -8.31% | 1.97% | 2.27% | 0.00 | |
 HTLD | 1.01B | 13.10 | -19.55 | -23.08% | -6.51% | -6.71% | 0.21 | |
 UPS | 84.87B | 99.88 | 15.23 | -2.49% | 5.94% | 32.98% | 1.99 | |
 HUBG | 2.62B | 43.23 | 25.43 | -6.1% | 2.82% | 6.11% | 0.30 | |
 FWRD | 572.92M | 18.36 | -5.28 | 0.84% | -4.32% | -66.68% | 13.36 | |
 BA | 181.25B | 229.93 | 92.71 | 34.49% | 2.46% | 289.7% | 9.97 | |
 GE | 319.54B | 305.83 | 37.48 | 18.48% | 17.91% | 45.85% | 1.08 | |
 AAL | 8.54B | 12.94 | 76.12 | 0.78% | 0.36% |
Compare AIRT vs Peers
Air T, Inc. (AIRT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AIRT Income Statement
Air T, Inc. (AIRT) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 148.47M | 194.52M | 249.83M | 236.78M | 175.12M | 177.08M | 247.32M | 286.83M | 291.85M | 272.47M |
| Revenue Growth % | 0.18% | 31.01% | 28.44% | -5.22% | -26.04% | 1.12% | 39.67% | 15.98% | 1.75% | -8.63% |
| Cost of Goods Sold | 128.32M | 160.91M | 203.37M | 189.73M | 143.45M | 137.69M | 198.5M | 234.46M | 231.66M | 218.1M |
| COGS % of Revenue | 86.43% | 82.72% | 81.4% | 80.13% | 81.91% | 77.76% | 80.26% | 81.74% | 79.38% | - |
| Gross Profit | 20.15M▲ 0% | 33.61M▲ 66.8% | 46.46M▲ 38.2% | 47.05M▲ 1.3% | 31.67M▼ 32.7% | 39.38M▲ 24.3% | 48.83M▲ 24.0% | 52.38M▲ 7.3% | 60.19M▲ 14.9% | 54.37M▲ 0% |
| Gross Margin % | 13.57% | 17.28% | 18.6% | 19.87% | 18.09% | 22.24% | 19.74% | 18.26% | 20.62% | 19.95% |
| Gross Profit Growth % | -19.23% | 66.82% | 38.24% | 1.27% | -32.69% | 24.35% | 23.98% | 7.28% | 14.92% | - |
| Operating Expenses | 23.22M | 28.8M | 38.38M | 39.76M | 40.85M | 30.63M | 53.23M | 51.11M | 58.28M | 50.53M |
| OpEx % of Revenue | 15.64% | 14.81% | 15.36% | 16.79% | 23.32% | 17.3% | 21.52% | 17.82% | 19.97% | - |
| Selling, General & Admin | 22.18M | 29.17M | 38.38M | 39.78M | 34.26M | 29.82M | 42.84M | 51.11M | 57.85M | 65.01M |
| SG&A % of Revenue | 14.94% | 15% | 15.36% | 16.8% | 19.57% | 16.84% | 17.32% | 17.82% | 19.82% | - |
| Research & Development | 1.04M | 195.65K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | 0.7% | 0.1% | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 15.17K | -562.5K | 0 | -19K | 6.58M | 810K | 10.39M | 0 | 435K | -2M |
| Operating Income | -3.1M▲ 0% | 4.25M▲ 236.9% | 8.06M▲ 90.0% | 7.29M▼ 9.6% | -9.18M▼ 225.8% | 8.76M▲ 195.4% | -4.41M▼ 150.3% | 1.26M▲ 128.7% | 1.91M▲ 50.9% | -8.35M▲ 0% |
| Operating Margin % | -2.09% | 2.18% | 3.23% | 3.08% | -5.24% | 4.94% | -1.78% | 0.44% | 0.65% | -3.07% |
| Operating Income Growth % | -151.41% | 236.92% | 89.96% | -9.59% | -225.84% | 195.42% | -150.34% | 128.68% | 50.95% | - |
| EBITDA | -1.03M | 6.92M | 15.3M | 13M | -6.07M | 10.62M | -245K | 4.06M | 6.26M | -3.34M |
| EBITDA Margin % | -0.69% | 3.56% | 6.13% | 5.49% | -3.46% | 5.99% | -0.1% | 1.42% | 2.15% | -1.23% |
| EBITDA Growth % | -114.41% | 772.97% | 121.01% | -15.03% | -146.67% | 274.93% | -102.31% | 1757.96% | 54.21% | -132.3% |
| D&A (Non-Cash Add-back) | 2.07M | 2.68M | 7.24M | 5.71M | 3.11M | 1.86M | 4.16M | 2.8M | 4.36M | 5.01M |
| EBIT | -3.65M | 4.38M | 9.45M | 7.08M | -7.43M | 18.2M | -3.42M | 2.73M | 3.62M | 1.66M |
| Net Interest Income | -571.65K | 1.67M | -3.43M | -4.69M | -4.62M | -4.95M | -7.93M | -6.92M | -8.55M | -8.83M |
| Interest Income | 0 | 1.67M | 58K | 3K | 16K | 227K | 328K | 92K | 375K | 0 |
| Interest Expense | 571.65K | 0 | 3.48M | 4.7M | 4.64M | 5.17M | 8.26M | 7.01M | 8.93M | 8.83M |
| Other Income/Expense | -2.5M | -1.59M | -3.38M | -4.67M | -2.61M | 4.64M | -6.95M | -5.22M | -6.9M | 5.41M |
| Pretax Income | -4.22M▲ 0% | 2.65M▲ 162.8% | 4.7M▲ 77.3% | 2.62M▼ 44.2% | -11.78M▼ 549.0% | 13.4M▲ 213.7% | -11.35M▼ 184.7% | -3.96M▲ 65.2% | -4.99M▼ 26.1% | -2.95M▲ 0% |
| Pretax Margin % | -2.84% | 1.36% | 1.88% | 1.11% | -6.73% | 7.57% | -4.59% | -1.38% | -1.71% | -1.08% |
| Income Tax | 725K | 195K | 1.5M | -544K | -3.39M | 1.17M | 432K | 729K | 423K | 1.85M |
| Effective Tax Rate % | -17.18% | 7.35% | 31.95% | -20.73% | 28.75% | 8.73% | -3.81% | -18.43% | -8.48% | -62.97% |
| Net Income | -3.21M▲ 0% | 2.28M▲ 170.9% | 1.34M▼ 41.2% | 7.66M▲ 471.3% | -7.28M▼ 195.0% | 10.93M▲ 250.2% | -12.29M▼ 212.5% | -6.82M▲ 44.5% | -6.14M▲ 10.0% | -6.76M▲ 0% |
| Net Margin % | -2.16% | 1.17% | 0.54% | 3.23% | -4.16% | 6.17% | -4.97% | -2.38% | -2.1% | -2.48% |
| Net Income Growth % | -165.01% | 170.86% | -41.15% | 471.35% | -195.05% | 250.17% | -212.51% | 44.54% | 9.96% | -732.51% |
| Net Income (Continuing) | -4.94M | 2.46M | 4.21M | 3.17M | -8.39M | 12.23M | -11.79M | -4.68M | -5.41M | -4.8M |
| Discontinued Operations | 0 | 0 | 0 | 8.06M | 4K | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 640.76K | 1.12M | 4.48M | 7.08M | 7.59M | 11.87M | 13.79M | 14.03M | 8.75M | 7.07M |
| EPS (Diluted) | -1.01▲ 0% | 0.74▲ 173.3% | 0.44▼ 40.5% | 1.13▲ 156.8% | -2.53▼ 323.9% | 3.78▲ 249.4% | -4.32▼ 214.3% | -2.42▲ 44.0% | -2.23▲ 7.9% | -2.50▲ 0% |
| EPS Growth % | -173.72% | 173.27% | -40.54% | 156.82% | -323.89% | 249.41% | -214.29% | 43.98% | 7.85% | -765.52% |
| EPS (Basic) | -1.01 | 0.74 | 0.44 | 1.14 | -2.53 | 3.79 | -4.32 | -2.42 | -2.23 | - |
| Diluted Shares Outstanding | 3.19M | 3.07M | 3.06M | 2.8M | 2.88M | 2.89M | 2.85M | 2.82M | 2.75M | 2.7M |
| Basic Shares Outstanding | 3.19M | 3.06M | 3.05M | 2.79M | 2.88M | 2.88M | 2.85M | 2.82M | 2.75M | 2.7M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
AIRT Balance Sheet
Air T, Inc. (AIRT) balance sheet — assets, liabilities & shareholders' equity
| Line item | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 48.86M | 61.67M | 71.35M | 98.49M | 105.77M | 128.24M | 116.56M | 102.88M | 78.51M | 161.06M |
| Cash & Short-Term Investments | 4.89M | 5.09M | 14.28M | 7.63M | 12.4M | 6.47M | 5.81M | 7.1M | 6.35M | 43.5M |
| Cash Only | 2.76M | 4.8M | 12.52M | 5.95M | 11M | 5.62M | 5.81M | 7.1M | 5.93M | 42.18M |
| Short-Term Investments | 2.13M | 290.45K | 1.76M | 1.68M | 1.41M | 859K | 0 | 0 | 422K | 1.32M |
| Accounts Receivable | 21.62M | 19.39M | 11.02M | 14.25M | 10.89M | 32.05M | 28.69M | 26M | 24.78M | 43.18M |
| Days Sales Outstanding | 53.16 | 36.38 | 16.1 | 21.97 | 22.71 | 66.07 | 42.35 | 33.09 | 30.99 | 37.65 |
| Inventory | 19.78M | 34.23M | 29.97M | 60.62M | 71.97M | 75.17M | 71.13M | 60.72M | 38.52M | 65.41M |
| Days Inventory Outstanding | 56.26 | 77.65 | 53.78 | 116.62 | 183.13 | 199.25 | 130.79 | 94.53 | 60.69 | 79.68 |
| Other Current Assets | 890.37K | 1.51M | 16.81M | 15.98M | 10.51M | 14.55M | 8.43M | 6.7M | 5.76M | 8.97M |
| Total Non-Current Assets | 16.48M | 35.48M | 43.79M | 52.94M | 34.98M | 79.36M | 73M | 74.29M | 95.27M | 220.7M |
| Property, Plant & Equipment | 5.32M | 20.27M | 29.98M | 41.33M | 18.41M | 43.08M | 33.19M | 32.49M | 48.22M | 151.53M |
| Fixed Asset Turnover | 27.88x | 9.59x | 8.33x | 5.73x | 9.51x | 4.11x | 7.45x | 8.83x | 6.05x | 4.11x |
| Goodwill | 4.42M | 4.42M | 4.42M | 4.23M | 4.23M | 10.13M | 10.56M | 10.54M | 10.54M | 11.9M |
| Intangible Assets | 1.38M | 1.31M | 1.23M | 749K | 1.6M | 13.26M | 12.1M | 10.98M | 10.02M | 13.89M |
| Long-Term Investments | 2.46M | 6.38M | 6.7M | 6.02M | 4.47M | 9.86M | 13.23M | 16.65M | 19M | 110.04M |
| Other Non-Current Assets | 2.69M | -88.91M | 924.39K | 30K | 5.67M | 219K | 1.5M | 3.63M | 7.49M | 36.02M |
| Total Assets | 65.34M▲ 0% | 97.15M▲ 48.7% | 115.14M▲ 18.5% | 151.43M▲ 31.5% | 140.75M▼ 7.1% | 207.6M▲ 47.5% | 189.56M▼ 8.7% | 177.17M▼ 6.5% | 173.78M▼ 1.9% | 381.76M▲ 0% |
| Asset Turnover | 2.27x | 2.00x | 2.17x | 1.56x | 1.24x | 0.85x | 1.30x | 1.62x | 1.68x | 1.17x |
| Asset Growth % | 25.27% | 48.69% | 18.52% | 31.51% | -7.05% | 47.49% | -8.69% | -6.54% | -1.91% | 103.58% |
| Total Current Liabilities | 20.27M | 31.18M | 52.79M | 67.75M | 28.18M | 30.91M | 64.29M | 46.84M | 47.66M | 167.68M |
| Accounts Payable | 11.57M | 10.18M | 11.41M | 10.86M | 8.34M | 9.4M | 10.45M | 15.07M | 17.78M | 16M |
| Days Payables Outstanding | 32.91 | 23.09 | 20.48 | 20.9 | 21.23 | 24.91 | 19.21 | 23.46 | 28.02 | 28.23 |
| Short-Term Debt | 25K | 9.23M | 24.74M | 43.86M | 5.64M | 6.48M | 38.74M | 14.36M | 10.38M | 8.3M |
| Deferred Revenue (Current) | 508.62K | 10M | 1.52M | 1.85M | 0 | 4.73M | 304K | 5.55M | 3.69M | 32.17M |
| Other Current Liabilities | 3.27M | 590K | 7.85M | 6.38M | 0 | 4.43M | 8.08M | 4.66M | 430K | 7.96M |
| Current Ratio | 2.41x | 1.98x | 1.35x | 1.45x | 3.75x | 4.15x | 1.81x | 2.20x | 1.65x | 1.65x |
| Quick Ratio | 1.43x | 0.88x | 0.78x | 0.56x | 1.20x | 1.72x | 0.71x | 0.90x | 0.84x | 0.84x |
| Cash Conversion Cycle | 76.5 | 90.93 | 49.41 | 117.69 | 184.6 | 240.41 | 153.92 | 104.16 | 63.66 | 89.09 |
| Total Non-Current Liabilities | 21.46M | 39.73M | 33.51M | 52.59M | 91.26M | 140.21M | 99.58M | 111.53M | 120.58M | 208.19M |
| Long-Term Debt | 18.41M | 38.86M | 32.92M | 43.14M | 81.86M | 129.33M | 86.35M | 98.57M | 104.51M | 203.37M |
| Capital Lease Obligations | 0 | 0 | 7.47M | 7.47M | 7.08M | 6.73M | 10.77M | 10.52M | 11.84M | 46.63M |
| Deferred Tax Liabilities | 8K | 92K | 0 | 579K | 595K | 2.81M | 2.42M | 2.45M | 2.25M | 9M |
| Other Non-Current Liabilities | 3.04M | 785.8K | -6.88M | 1.4M | 1.73M | 1.34M | 47K | 0 | 1.98M | -6.02M |
| Total Liabilities | 41.73M | 70.91M | 86.31M | 120.34M | 119.44M | 171.12M | 163.87M | 158.37M | 168.24M | 375.87M |
| Total Debt | 18.44M | 48.08M | 57.65M | 95.64M | 95.94M | 143.99M | 137.52M | 125.2M | 129.12M | 224.5M |
| Net Debt | 15.67M | 43.28M | 45.13M | 89.69M | 84.94M | 138.37M | 131.71M | 118.1M | 123.18M | 182.32M |
| Debt / Equity | 0.78x | 1.83x | 2.00x | 3.08x | 4.50x | 3.95x | 5.35x | 6.66x | 23.32x | 23.32x |
| Debt / EBITDA | - | 6.94x | 3.77x | 7.36x | - | 13.56x | - | 30.82x | 20.61x | -67.24x |
| Net Debt / EBITDA | - | 6.25x | 2.95x | 6.90x | - | 13.04x | - | 29.07x | 19.67x | 19.67x |
| Interest Coverage | -5.42x | - | 2.31x | 1.55x | -1.98x | 1.69x | -0.53x | 0.18x | 0.21x | 0.19x |
| Total Equity | 23.61M▲ 0% | 26.24M▲ 11.1% | 28.83M▲ 9.9% | 31.09M▲ 7.8% | 21.31M▼ 31.5% | 36.48M▲ 71.2% | 25.69M▼ 29.6% | 18.8M▼ 26.8% | 5.54M▼ 70.5% | 5.9M▲ 0% |
| Equity Growth % | -33.07% | 11.14% | 9.9% | 7.83% | -31.45% | 71.16% | -29.57% | -26.84% | -70.55% | -240.88% |
| Book Value per Share | 7.41 | 8.54 | 9.42 | 11.11 | 7.39 | 12.63 | 9.02 | 6.67 | 2.01 | 2.18 |
| Total Shareholders' Equity | 22.97M | 25.12M | 24.36M | 24.01M | 13.72M | 24.61M | 11.9M | 4.77M | -3.22M | -1.17M |
| Common Stock | 510.7K | 510.9K | 505.66K | 756K | 756K | 756K | 757K | 758K | 758K | 758K |
| Retained Earnings | 18.46M | 20.7M | 21.19M | 23.77M | 16.27M | 26.73M | 13.69M | 8.19M | 2.13M | 2.4M |
| Treasury Stock | 0 | 0 | 0 | -2.62M | -2.62M | -3M | -4.08M | -4.96M | -6.4M | -6.4M |
| Accumulated OCI | -212.05K | -260.9K | -205.09K | -537K | -684K | -263K | 816K | -80K | -647K | 1M |
| Minority Interest | 640.76K | 1.12M | 4.48M | 7.08M | 7.59M | 11.87M | 13.79M | 14.03M | 8.75M | 7.07M |
AIRT Cash Flow Statement
Air T, Inc. (AIRT) cash flow — operating, investing & free cash flow history
| Line item | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -7.55M | -277.84K | 20.94M | -25.07M | -1.82M | -33.08M | 16.91M | 17.18M | 23.5M | 23.5M |
| Operating CF Margin % | -5.09% | -0.14% | 8.38% | -10.59% | -1.04% | -18.68% | 6.84% | 5.99% | 8.05% | - |
| Operating CF Growth % | -335% | 96.32% | 7635.48% | -219.76% | 92.75% | -1718.8% | 151.11% | 1.59% | 36.78% | -1397.78% |
| Net Income | -4.94M | 2.46M | 3.2M | 3.17M | -8.39M | 12.23M | -11.79M | -4.68M | -5.41M | -6.76M |
| Depreciation & Amortization | 3.18B | 2.68B | 7.69M | 5.71M | 3.11M | 1.86M | 4.16M | 2.8M | 4.36M | 5.01M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 400K | 0 | 0 | 0 | 0 |
| Deferred Taxes | -659M | -10.57M | -1.16B | 0 | 0 | -400K | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -151.39K | -667.56K | 130.91K | -5.21M | 5.96M | -6.69M | 7.15M | 800K | 2.13M | -8.94M |
| Working Capital Changes | -10.21M | -3.18M | 10.62M | -28.74M | -2.49M | -40.48M | 17.38M | 18.26M | 22.42M | -12.29M |
| Change in Receivables | -5.52M | 2.73M | -1.96M | -2.24M | 6.07M | -12.65M | 1.91M | 4.99M | -1.81M | -1.77M |
| Change in Inventory | -7.85M | -6.76M | 9.53M | -29.61M | -129K | -17.6M | 10.16M | 9.1M | 20.63M | -13.29M |
| Change in Payables | 4.15M | -1.69M | 1.09M | 1.51M | -2.52M | 1.05M | 992K | 4.62M | 2.71M | 5.75M |
| Cash from Investing | -3.7M | -26.42M | -23M | 8.61M | 2.52M | -33.39M | -6.17M | -2.5M | -20.19M | 3.6M |
| Capital Expenditures | -2.35M | -20.22M | -20.47M | -38.69M | -6M | -1.56M | -1.18M | -1.08M | -15.68M | -149K |
| CapEx % of Revenue | 1.58% | 10.39% | 8.19% | 16.34% | 3.43% | 0.88% | 0.48% | 0.38% | 5.37% | - |
| Acquisitions | -4.57M | -4.7M | -3.64M | -3.31M | -536K | -19.6M | -5.56M | -4.63M | -7.03M | -6.37M |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -63.44K | 624.57K | 2.33M | 51M | 7.26M | -6.25M | 572K | 3.21M | 2.52M | 14.86M |
| Cash from Financing | 8.69M | 28.74M | 9.55M | 19.24M | 71K | 59.25M | -12.38M | -13.91M | -4.8M | 40.96M |
| Debt Issued (Net) | 16.61M | 29.98M | 9.57M | 15.28M | 1.05M | 45.23M | -10.85M | -21.2M | -5.02M | 44.69M |
| Equity Issued (Net) | -1000K | 0 | -744.17K | 0 | 1000K | 1000K | 0 | -876K | -1000K | -944K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -7.92M | 0 | -744.17K | 0 | 0 | 0 | 0 | -876K | -1.45M | -1.45M |
| Other Financing | 0 | -1.24M | 719.17K | 3.96M | -2.32M | 2.75M | -1.53M | 8.16M | 1.67M | -2.7M |
| Net Change in Cash | -2.58M▲ 0% | 2.04M▲ 179.0% | 7.57M▲ 271.3% | 3.03M▼ 60.0% | 356K▼ 88.3% | -7.56M▼ 2223.3% | -1.28M▲ 83.1% | 753K▲ 158.9% | -1.09M▼ 244.2% | 23.41M▲ 0% |
| Free Cash Flow | -9.9M▲ 0% | -20.49M▼ 107.0% | 467.13K▲ 102.3% | -63.77M▼ 13750.7% | -7.82M▲ 87.7% | -34.64M▼ 342.8% | 15.73M▲ 145.4% | 16.1M▲ 2.4% | 7.82M▼ 51.5% | -22.26M▲ 0% |
| FCF Margin % | -6.67% | -10.54% | 0.19% | -26.93% | -4.47% | -19.56% | 6.36% | 5.61% | 2.68% | -8.17% |
| FCF Growth % | -556.44% | -106.99% | 102.28% | -13750.68% | 87.73% | -342.77% | 145.41% | 2.36% | -51.45% | -783.92% |
| FCF per Share | -3.11 | -6.67 | 0.15 | -22.79 | -2.71 | -12.00 | 5.53 | 5.72 | 2.84 | 2.84 |
| FCF Conversion (FCF/Net Income) | 2.35x | -0.12x | 15.62x | -3.28x | 0.25x | -3.03x | -1.38x | -2.52x | -3.83x | 3.29x |
| Interest Paid | 298.15K | 1.07M | 2.88M | 3.31M | 2.73M | 1.52M | 5.87M | 3.89M | 8.44M | 0 |
| Taxes Paid | 1.09M | 1.66M | 527K | 1.49M | 477K | 429K | 1.03M | 917K | 983K | 0 |
AIRT Key Ratios
Air T, Inc. (AIRT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -10.92% | 9.14% | 4.87% | 25.55% | -27.77% | 37.82% | -39.55% | -30.66% | -50.47% | -114.63% |
| Return on Invested Capital (ROIC) | -6.54% | 5.85% | 8.43% | 5.62% | -6.06% | 4.67% | -1.99% | 0.64% | 1.08% | 1.08% |
| Gross Margin | 13.57% | 17.28% | 18.6% | 19.87% | 18.09% | 22.24% | 19.74% | 18.26% | 20.62% | 19.95% |
| Net Margin | -2.16% | 1.17% | 0.54% | 3.23% | -4.16% | 6.17% | -4.97% | -2.38% | -2.1% | -2.48% |
| Debt / Equity | 0.78x | 1.83x | 2.00x | 3.08x | 4.50x | 3.95x | 5.35x | 6.66x | 23.32x | 23.32x |
| Interest Coverage | -5.42x | - | 2.31x | 1.55x | -1.98x | 1.69x | -0.53x | 0.18x | 0.21x | 0.19x |
| FCF Conversion | 2.35x | -0.12x | 15.62x | -3.28x | 0.25x | -3.03x | -1.38x | -2.52x | -3.83x | 3.29x |
| Revenue Growth | 0.18% | 31.01% | 28.44% | -5.22% | -26.04% | 1.12% | 39.67% | 15.98% | 1.75% | -8.63% |
AIRT Frequently Asked Questions
Air T, Inc. (AIRT) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Air T, Inc. (AIRT) reported $272.5M in revenue for fiscal year 2025. This represents a 655% increase from $36.1M in 1996.
Air T, Inc. (AIRT) grew revenue by 1.7% over the past year. Growth has been modest.
Air T, Inc. (AIRT) reported a net loss of $6.8M for fiscal year 2025.
Dividend & Returns
Air T, Inc. (AIRT) has a return on equity (ROE) of -50.5%. Negative ROE indicates the company is unprofitable.
Air T, Inc. (AIRT) had negative free cash flow of $22.3M in fiscal year 2025, likely due to heavy capital investments.
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Air T, Inc. (AIRT) financial analysis — history, returns, DCA and operating performance tools
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