Air T, Inc. (AIRT) 10-Year Financial Performance & Capital Metrics

AIRT • • Industrial / General

IndustrialsFreight & LogisticsIntegrated Express & Parcel DeliveryRegional & Niche Express Services

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 Margin 20.62% +12.9%
EBITDA Margin 2.15% +51.6%
Operating Margin 0.65% +48.4%
Net Margin -2.1% +11.5%
ROE -50.47% -64.6%
ROIC 1.08% +67.3%
Debt/Equity 23.32 +250.1%
Interest Coverage 0.21 +18.5%

Technical Analysis

Key Insights

Based on financial 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 10.1x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y10.03%

5Y4.27%

3Y18.12%

TTM-1.72%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-124.78%

EPS CAGR

10Y-

5Y-

3Y-

TTM-135.23%

ROCE

10Y Avg3.57%

5Y Avg-0.75%

3Y Avg-0.15%

Latest1.49%

Peer Comparison

Regional & Niche Express Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ZTOZTO Express (Cayman) Inc.	13.09B	22.54	2.11	15.26%	18.81%	13.43%	42.22%	0.28
FLXBingEx Limited	177.88M	3.18	-0.42	-1.34%	-5.15%	-24.67%	0.59%	0.06
AIRTAir T, Inc.	54.73M	20.25	-9.08	1.75%	-2.01%	-76.72%	14.28%	23.32
PBIPitney Bowes Inc.	1.73B	10.74	-9.50	-2.52%	3.88%		9.07%

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	148.21M	148.47M	194.52M	249.83M	236.78M	175.12M	177.08M	247.32M	286.83M	291.85M
Revenue Growth %	0.32%	0%	0.31%	0.28%	-0.05%	-0.26%	0.01%	0.4%	0.16%	0.02%
Cost of Goods Sold+	123.27M	128.32M	160.91M	203.37M	189.73M	143.45M	137.69M	198.5M	234.46M	231.66M
COGS % of Revenue	0.83%	0.86%	0.83%	0.81%	0.8%	0.82%	0.78%	0.8%	0.82%	0.79%
Gross Profit+	24.94M	20.15M	33.61M	46.46M	47.05M	31.67M	39.38M	48.83M	52.38M	60.19M
Gross Margin %	0.17%	0.14%	0.17%	0.19%	0.2%	0.18%	0.22%	0.2%	0.18%	0.21%
Gross Profit Growth %	0.49%	-0.19%	0.67%	0.38%	0.01%	-0.33%	0.24%	0.24%	0.07%	0.15%
Operating Expenses+	18.92M	23.22M	28.8M	38.38M	39.76M	40.85M	30.63M	53.23M	51.11M	58.28M
OpEx % of Revenue	0.13%	0.16%	0.15%	0.15%	0.17%	0.23%	0.17%	0.22%	0.18%	0.2%
Selling, General & Admin	18.14M	22.18M	29.17M	38.38M	39.78M	34.26M	29.82M	42.84M	51.11M	57.85M
SG&A % of Revenue	0.12%	0.15%	0.15%	0.15%	0.17%	0.2%	0.17%	0.17%	0.18%	0.2%
Research & Development	777.94K	1.04M	195.65K	0	0	0	0	0	0	0
R&D % of Revenue	0.01%	0.01%	0%	-	-	-	-	-	-	-
Other Operating Expenses	-140.77K	15.17K	-562.5K	0	-19K	6.58M	810K	10.39M	0	435K
Operating Income+	6.03M	-3.1M	4.25M	8.06M	7.29M	-9.18M	8.76M	-4.41M	1.26M	1.91M
Operating Margin %	0.04%	-0.02%	0.02%	0.03%	0.03%	-0.05%	0.05%	-0.02%	0%	0.01%
Operating Income Growth %	0.77%	-1.51%	2.37%	0.9%	-0.1%	-2.26%	1.95%	-1.5%	1.29%	0.51%
EBITDA+	7.14M	-1.03M	6.92M	15.3M	13M	-6.07M	10.62M	-245K	4.06M	6.26M
EBITDA Margin %	0.05%	-0.01%	0.04%	0.06%	0.05%	-0.03%	0.06%	-0%	0.01%	0.02%
EBITDA Growth %	0.67%	-1.14%	7.73%	1.21%	-0.15%	-1.47%	2.75%	-1.02%	17.58%	0.54%
D&A (Non-Cash Add-back)	1.11M	2.07M	2.68M	7.24M	5.71M	3.11M	1.86M	4.16M	2.8M	4.36M
EBIT	6.23M	-3.65M	4.38M	9.45M	7.08M	-7.43M	18.2M	-3.42M	2.73M	3.62M
Net Interest Income+	-80.74K	-571.65K	1.67M	-3.43M	-4.69M	-4.62M	-4.95M	-7.93M	-6.92M	-8.55M
Interest Income	0	0	1.67M	58K	3K	16K	227K	328K	92K	375K
Interest Expense	80.74K	571.65K	0	3.48M	4.7M	4.64M	5.17M	8.26M	7.01M	8.93M
Other Income/Expense	-132.29K	-2.5M	-1.59M	-3.38M	-4.67M	-2.61M	4.64M	-6.95M	-5.22M	-6.9M
Pretax Income+	6.15M	-4.22M	2.65M	4.7M	2.62M	-11.78M	13.4M	-11.35M	-3.96M	-4.99M
Pretax Margin %	0.04%	-0.03%	0.01%	0.02%	0.01%	-0.07%	0.08%	-0.05%	-0.01%	-0.02%
Income Tax+	2.4M	725K	195K	1.5M	-544K	-3.39M	1.17M	432K	729K	423K
Effective Tax Rate %	0.8%	0.76%	0.86%	0.28%	2.92%	0.62%	0.82%	1.08%	1.72%	1.23%
Net Income+	4.94M	-3.21M	2.28M	1.34M	7.66M	-7.28M	10.93M	-12.29M	-6.82M	-6.14M
Net Margin %	0.03%	-0.02%	0.01%	0.01%	0.03%	-0.04%	0.06%	-0.05%	-0.02%	-0.02%
Net Income Growth %	0.99%	-1.65%	1.71%	-0.41%	4.71%	-1.95%	2.5%	-2.13%	0.45%	0.1%
Net Income (Continuing)	3.76M	-4.94M	2.46M	4.21M	3.17M	-8.39M	12.23M	-11.79M	-4.68M	-5.41M
Discontinued Operations	0	0	0	0	8.06M	4K	0	0	0	0
Minority Interest	497.65K	640.76K	1.12M	4.48M	7.08M	7.59M	11.87M	13.79M	14.03M	8.75M
EPS (Diluted)+	1.37	-1.01	0.74	0.44	1.13	-2.53	3.78	-4.32	-2.42	-2.23
EPS Growth %	0.96%	-1.74%	1.73%	-0.41%	1.57%	-3.24%	2.49%	-2.14%	0.44%	0.08%
EPS (Basic)	1.39	-1.01	0.74	0.44	1.14	-2.53	3.79	-4.32	-2.42	-2.23
Diluted Shares Outstanding	3.6M	3.19M	3.07M	3.06M	2.8M	2.88M	2.89M	2.85M	2.82M	2.75M
Basic Shares Outstanding	3.56M	3.19M	3.06M	3.05M	2.79M	2.88M	2.88M	2.85M	2.82M	2.75M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	38.96M	48.86M	61.67M	71.35M	98.49M	105.77M	128.24M	116.56M	102.88M	78.51M
Cash & Short-Term Investments	10.29M	4.89M	5.09M	14.28M	7.63M	12.4M	6.47M	5.81M	7.1M	6.35M
Cash Only	5.35M	2.76M	4.8M	12.52M	5.95M	11M	5.62M	5.81M	7.1M	5.93M
Short-Term Investments	4.94M	2.13M	290.45K	1.76M	1.68M	1.41M	859K	0	0	422K
Accounts Receivable	13.62M	21.62M	19.39M	11.02M	14.25M	10.89M	32.05M	28.69M	26M	24.78M
Days Sales Outstanding	33.53	53.16	36.38	16.1	21.97	22.71	66.07	42.35	33.09	30.99
Inventory	12.27M	19.78M	34.23M	29.97M	60.62M	71.97M	75.17M	71.13M	60.72M	38.52M
Days Inventory Outstanding	36.34	56.26	77.65	53.78	116.62	183.13	199.25	130.79	94.53	60.69
Other Current Assets	1.11M	890.37K	1.51M	16.81M	15.98M	10.51M	14.55M	8.43M	6.7M	5.76M
Total Non-Current Assets+	13.2M	16.48M	35.48M	43.79M	52.94M	34.98M	79.36M	73M	74.29M	95.27M
Property, Plant & Equipment	4.58M	5.32M	20.27M	29.98M	41.33M	18.41M	43.08M	33.19M	32.49M	48.22M
Fixed Asset Turnover	32.38x	27.88x	9.59x	8.33x	5.73x	9.51x	4.11x	7.45x	8.83x	6.05x
Goodwill	275.41K	4.42M	4.42M	4.42M	4.23M	4.23M	10.13M	10.56M	10.54M	10.54M
Intangible Assets	1.11M	1.38M	1.31M	1.23M	749K	1.6M	13.26M	12.1M	10.98M	10.02M
Long-Term Investments	4.71M	2.46M	6.38M	6.7M	6.02M	4.47M	9.86M	13.23M	16.65M	19M
Other Non-Current Assets	-288.48M	2.69M	-88.91M	924.39K	30K	5.67M	219K	1.5M	3.63M	7.49M
Total Assets+	52.15M	65.34M	97.15M	115.14M	151.43M	140.75M	207.6M	189.56M	177.17M	173.78M
Asset Turnover	2.84x	2.27x	2.00x	2.17x	1.56x	1.24x	0.85x	1.30x	1.62x	1.68x
Asset Growth %	0.2%	0.25%	0.49%	0.19%	0.32%	-0.07%	0.47%	-0.09%	-0.07%	-0.02%
Total Current Liabilities+	15.72M	20.27M	31.18M	52.79M	67.75M	28.18M	30.91M	64.29M	46.84M	47.66M
Accounts Payable	7M	11.57M	10.18M	11.41M	10.86M	8.34M	9.4M	10.45M	15.07M	17.78M
Days Payables Outstanding	20.74	32.91	23.09	20.48	20.9	21.23	24.91	19.21	23.46	28.02
Short-Term Debt	1.86M	25K	9.23M	24.74M	43.86M	5.64M	6.48M	38.74M	14.36M	10.38M
Deferred Revenue (Current)	11.31K	508.62K	1000K	1000K	1000K	0	1000K	304K	1000K	1000K
Other Current Liabilities	3.55M	3.27M	590K	7.85M	6.38M	0	4.43M	8.08M	4.66M	430K
Current Ratio	2.48x	2.41x	1.98x	1.35x	1.45x	3.75x	4.15x	1.81x	2.20x	1.65x
Quick Ratio	1.70x	1.43x	0.88x	0.78x	0.56x	1.20x	1.72x	0.71x	0.90x	0.84x
Cash Conversion Cycle	49.14	76.5	90.93	49.41	117.69	184.6	240.41	153.92	104.16	63.66
Total Non-Current Liabilities+	1.17M	21.46M	39.73M	33.51M	52.59M	91.26M	140.21M	99.58M	111.53M	120.58M
Long-Term Debt	4.83K	18.41M	38.86M	32.92M	43.14M	81.86M	129.33M	86.35M	98.57M	104.51M
Capital Lease Obligations	0	0	0	7.47M	7.47M	7.08M	6.73M	10.77M	10.52M	11.84M
Deferred Tax Liabilities	546K	8K	92K	0	579K	595K	2.81M	2.42M	2.45M	2.25M
Other Non-Current Liabilities	615.24K	3.04M	785.8K	-6.88M	1.4M	1.73M	1.34M	47K	0	1.98M
Total Liabilities	16.88M	41.73M	70.91M	86.31M	120.34M	119.44M	171.12M	163.87M	158.37M	168.24M
Total Debt+	1.86M	18.44M	48.08M	57.65M	95.64M	95.94M	143.99M	137.52M	125.2M	129.12M
Net Debt	-3.48M	15.67M	43.28M	45.13M	89.69M	84.94M	138.37M	131.71M	118.1M	123.18M
Debt / Equity	0.05x	0.78x	1.83x	2.00x	3.08x	4.50x	3.95x	5.35x	6.66x	23.32x
Debt / EBITDA	0.26x	-	6.94x	3.77x	7.36x	-	13.56x	-	30.82x	20.61x
Net Debt / EBITDA	-0.49x	-	6.25x	2.95x	6.90x	-	13.04x	-	29.07x	19.67x
Interest Coverage	74.70x	-5.42x	-	2.31x	1.55x	-1.98x	1.69x	-0.53x	0.18x	0.21x
Total Equity+	35.27M	23.61M	26.24M	28.83M	31.09M	21.31M	36.48M	25.69M	18.8M	5.54M
Equity Growth %	0.18%	-0.33%	0.11%	0.1%	0.08%	-0.31%	0.71%	-0.3%	-0.27%	-0.71%
Book Value per Share	9.81	7.41	8.54	9.42	11.11	7.39	12.63	9.02	6.67	2.01
Total Shareholders' Equity	34.77M	22.97M	25.12M	24.36M	24.01M	13.72M	24.61M	11.9M	4.77M	-3.22M
Common Stock	593.13K	510.7K	510.9K	505.66K	756K	756K	756K	757K	758K	758K
Retained Earnings	29.35M	18.46M	20.7M	21.19M	23.77M	16.27M	26.73M	13.69M	8.19M	2.13M
Treasury Stock	0	0	0	0	-2.62M	-2.62M	-3M	-4.08M	-4.96M	-6.4M
Accumulated OCI	-117.9K	-212.05K	-260.9K	-205.09K	-537K	-684K	-263K	816K	-80K	-647K
Minority Interest	497.65K	640.76K	1.12M	4.48M	7.08M	7.59M	11.87M	13.79M	14.03M	8.75M

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	3.21M	-7.55M	-277.84K	20.94M	-25.07M	-1.82M	-33.08M	16.91M	17.18M	23.5M
Operating CF Margin %	0.02%	-0.05%	-0%	0.08%	-0.11%	-0.01%	-0.19%	0.07%	0.06%	0.08%
Operating CF Growth %	-0.6%	-3.35%	0.96%	76.35%	-2.2%	0.93%	-17.19%	1.51%	0.02%	0.37%
Net Income	3.76M	-4.94M	2.46M	3.2M	3.17M	-8.39M	12.23M	-11.79M	-4.68M	-5.41M
Depreciation & Amortization	1.26B	3.18B	2.68B	7.69M	5.71M	3.11M	1.86M	4.16M	2.8M	4.36M
Stock-Based Compensation	29.33K	0	0	0	0	0	400K	0	0	0
Deferred Taxes	90.48M	-659M	-10.57M	-1.16B	0	0	-400K	0	0	0
Other Non-Cash Items	-1.35B	-151.39K	-667.56K	130.91K	-5.21M	5.96M	-6.69M	7.15M	800K	2.13M
Working Capital Changes	-1.34M	-10.21M	-3.18M	10.62M	-28.74M	-2.49M	-40.48M	17.38M	18.26M	22.42M
Change in Receivables	-1.53M	-5.52M	2.73M	-1.96M	-2.24M	6.07M	-12.65M	1.91M	4.99M	-1.81M
Change in Inventory	-877.99K	-7.85M	-6.76M	9.53M	-29.61M	-129K	-17.6M	10.16M	9.1M	20.63M
Change in Payables	605.94K	4.15M	-1.69M	1.09M	1.51M	-2.52M	1.05M	992K	4.62M	2.71M
Cash from Investing+	-5.27M	-3.7M	-26.42M	-23M	8.61M	2.52M	-33.39M	-6.17M	-2.5M	-20.19M
Capital Expenditures	-1.05M	-2.35M	-20.22M	-20.47M	-38.69M	-6M	-1.56M	-1.18M	-1.08M	-15.68M
CapEx % of Revenue	0.01%	0.02%	0.1%	0.08%	0.16%	0.03%	0.01%	0%	0%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-44.3K	-63.44K	624.57K	2.33M	51M	7.26M	-6.25M	572K	3.21M	2.52M
Cash from Financing+	-5.99M	8.69M	28.74M	9.55M	19.24M	71K	59.25M	-12.38M	-13.91M	-4.8M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	-1.24M	719.17K	3.96M	-2.32M	2.75M	-1.53M	8.16M	1.67M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	2.17M	-9.9M	-20.49M	467.13K	-63.77M	-7.82M	-34.64M	15.73M	16.1M	7.82M
FCF Margin %	0.01%	-0.07%	-0.11%	0%	-0.27%	-0.04%	-0.2%	0.06%	0.06%	0.03%
FCF Growth %	-0.64%	-5.56%	-1.07%	1.02%	-137.51%	0.88%	-3.43%	1.45%	0.02%	-0.51%
FCF per Share	0.60	-3.11	-6.67	0.15	-22.79	-2.71	-12.00	5.53	5.72	2.84
FCF Conversion (FCF/Net Income)	0.65x	2.35x	-0.12x	15.62x	-3.28x	0.25x	-3.03x	-1.38x	-2.52x	-3.83x
Interest Paid	47.05K	298.15K	1.07M	2.88M	3.31M	2.73M	1.52M	5.87M	3.89M	8.44M
Taxes Paid	2.83M	1.09M	1.66M	527K	1.49M	477K	429K	1.03M	917K	983K

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	15.19%	-10.92%	9.14%	4.87%	25.55%	-27.77%	37.82%	-39.55%	-30.66%	-50.47%
Return on Invested Capital (ROIC)	17.26%	-6.54%	5.85%	8.43%	5.62%	-6.06%	4.67%	-1.99%	0.64%	1.08%
Gross Margin	16.83%	13.57%	17.28%	18.6%	19.87%	18.09%	22.24%	19.74%	18.26%	20.62%
Net Margin	3.34%	-2.16%	1.17%	0.54%	3.23%	-4.16%	6.17%	-4.97%	-2.38%	-2.1%
Debt / Equity	0.05x	0.78x	1.83x	2.00x	3.08x	4.50x	3.95x	5.35x	6.66x	23.32x
Interest Coverage	74.70x	-5.42x	-	2.31x	1.55x	-1.98x	1.69x	-0.53x	0.18x	0.21x
FCF Conversion	0.65x	2.35x	-0.12x	15.62x	-3.28x	0.25x	-3.03x	-1.38x	-2.52x	-3.83x
Revenue Growth	32.12%	0.18%	31.01%	28.44%	-5.22%	-26.04%	1.12%	39.67%	15.98%	1.75%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Overnight Air Cargo	68.23M	69.56M	72.85M	72.98M	-	66.25M	74.41M	90.54M	115.55M	124.03M
Overnight Air Cargo Growth	-	1.95%	4.73%	0.18%	-	-	12.31%	21.68%	27.61%	7.34%
Commercial Jet Engines Inventory	-	7.46M	38.76M	93.97M	-	46.79M	57.69M	101.74M	125.53M	118.22M
Commercial Jet Engines Inventory Growth	-	-	419.40%	142.42%	-	-	23.29%	76.35%	23.39%	-5.83%
Ground Equipment Sales	51.18M	31.45M	50M	47.15M	-	60.68M	42.24M	48.48M	37.17M	38.94M
Ground Equipment Sales Growth	-	-38.55%	59.01%	-5.70%	-	-	-30.39%	14.79%	-23.34%	4.77%
Corporate and Other	-	-	-	749.58K	764K	1.4M	2.74M	6.56M	8.59M	-
Corporate and Other Growth	-	-	-	-	1.92%	82.98%	95.99%	139.34%	30.91%	-
Commercial Jet Engines Inventory	-	-	-	-	101.28M	-	-	-	-	-
Commercial Jet Engines Inventory Growth	-	-	-	-	-	-	-	-	-	-
Printing Equipment and Maintenance	3.95M	9.81M	6.14M	654.62K	306K	-	-	-	-	-
Printing Equipment and Maintenance Growth	-	148.05%	-37.37%	-89.35%	-53.26%	-	-	-	-	-
Ground Support Services	24.83M	30.45M	35.71M	34.33M	-	-	-	-	-	-
Ground Support Services Growth	-	22.62%	17.26%	-3.86%	-	-	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Overnight Air Cargo	-	-	-	-	-	-	-	-	-	124.03M
Overnight Air Cargo Growth	-	-	-	-	-	-	-	-	-	-
Commercial Jet Engines Inventory	-	-	-	-	-	-	-	-	-	118.22M
Commercial Jet Engines Inventory Growth	-	-	-	-	-	-	-	-	-	-
Ground Equipment Sales	-	-	-	-	-	-	-	-	-	38.94M
Ground Equipment Sales Growth	-	-	-	-	-	-	-	-	-	-
Digital Solutions	-	-	-	-	-	-	-	-	-	7.27M
Digital Solutions Growth	-	-	-	-	-	-	-	-	-	-
Corporate and Other Operating Segment	-	-	-	-	-	-	-	-	-	3.4M
Corporate and Other Operating Segment Growth	-	-	-	-	-	-	-	-	-	-
UNITED STATES	141.01M	-	175.73M	211.82M	187.71M	147.01M	142.9M	199.57M	246.63M	-
UNITED STATES Growth	-	-	-	20.54%	-11.38%	-21.68%	-2.80%	39.66%	23.58%	-
Non-US	7.2M	-	18.79M	38.02M	49.08M	28.11M	34.18M	47.75M	40.21M	-
Non-US Growth	-	-	-	102.31%	29.08%	-42.72%	21.59%	39.71%	-15.80%	-
Domestic	-	26.92M	-	-	-	-	-	-	-	-
Domestic Growth	-	-	-	-	-	-	-	-	-	-
International	-	4.77M	-	-	-	-	-	-	-	-
International Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Air T, Inc. (AIRT) reported $279.2M in revenue for fiscal year 2025. This represents a 212% increase from $89.4M in 2012.

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 $5.6M 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) generated $13.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Air T, Inc. (AIRT) 10-Year Financial Performance & Capital Metrics

AIRT • • Industrial / General

IndustrialsFreight & LogisticsIntegrated Express & Parcel DeliveryRegional & Niche Express Services

Revenue $292M +1.7%
EBITDA $6M +54.2%
Net Income -$6M +10.0%
EPS (Diluted) -2.23 +7.9%
Gross Margin 20.62% +12.9%
EBITDA Margin 2.15% +51.6%
Operating Margin 0.65% +48.4%
Net Margin -2.1% +11.5%
ROE -50.47% -64.6%
ROIC 1.08% +67.3%
Debt/Equity 23.32 +250.1%
Interest Coverage 0.21 +18.5%

Technical Analysis

Key Insights

Based on financial 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 10.1x book value

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y10.03%

5Y4.27%

3Y18.12%

TTM-1.72%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-124.78%

EPS CAGR

10Y-

5Y-

3Y-

TTM-135.23%

ROCE

10Y Avg3.57%

5Y Avg-0.75%

3Y Avg-0.15%

Latest1.49%

Peer Comparison

Regional & Niche Express Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ZTOZTO Express (Cayman) Inc.	13.09B	22.54	2.11	15.26%	18.81%	13.43%	42.22%	0.28
FLXBingEx Limited	177.88M	3.18	-0.42	-1.34%	-5.15%	-24.67%	0.59%	0.06
AIRTAir T, Inc.	54.73M	20.25	-9.08	1.75%	-2.01%	-76.72%	14.28%	23.32
PBIPitney Bowes Inc.	1.73B	10.74	-9.50	-2.52%	3.88%		9.07%

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	148.21M	148.47M	194.52M	249.83M	236.78M	175.12M	177.08M	247.32M	286.83M	291.85M
Revenue Growth %	0.32%	0%	0.31%	0.28%	-0.05%	-0.26%	0.01%	0.4%	0.16%	0.02%
Cost of Goods Sold+	123.27M	128.32M	160.91M	203.37M	189.73M	143.45M	137.69M	198.5M	234.46M	231.66M
COGS % of Revenue	0.83%	0.86%	0.83%	0.81%	0.8%	0.82%	0.78%	0.8%	0.82%	0.79%
Gross Profit+	24.94M	20.15M	33.61M	46.46M	47.05M	31.67M	39.38M	48.83M	52.38M	60.19M
Gross Margin %	0.17%	0.14%	0.17%	0.19%	0.2%	0.18%	0.22%	0.2%	0.18%	0.21%
Gross Profit Growth %	0.49%	-0.19%	0.67%	0.38%	0.01%	-0.33%	0.24%	0.24%	0.07%	0.15%
Operating Expenses+	18.92M	23.22M	28.8M	38.38M	39.76M	40.85M	30.63M	53.23M	51.11M	58.28M
OpEx % of Revenue	0.13%	0.16%	0.15%	0.15%	0.17%	0.23%	0.17%	0.22%	0.18%	0.2%
Selling, General & Admin	18.14M	22.18M	29.17M	38.38M	39.78M	34.26M	29.82M	42.84M	51.11M	57.85M
SG&A % of Revenue	0.12%	0.15%	0.15%	0.15%	0.17%	0.2%	0.17%	0.17%	0.18%	0.2%
Research & Development	777.94K	1.04M	195.65K	0	0	0	0	0	0	0
R&D % of Revenue	0.01%	0.01%	0%	-	-	-	-	-	-	-
Other Operating Expenses	-140.77K	15.17K	-562.5K	0	-19K	6.58M	810K	10.39M	0	435K
Operating Income+	6.03M	-3.1M	4.25M	8.06M	7.29M	-9.18M	8.76M	-4.41M	1.26M	1.91M
Operating Margin %	0.04%	-0.02%	0.02%	0.03%	0.03%	-0.05%	0.05%	-0.02%	0%	0.01%
Operating Income Growth %	0.77%	-1.51%	2.37%	0.9%	-0.1%	-2.26%	1.95%	-1.5%	1.29%	0.51%
EBITDA+	7.14M	-1.03M	6.92M	15.3M	13M	-6.07M	10.62M	-245K	4.06M	6.26M
EBITDA Margin %	0.05%	-0.01%	0.04%	0.06%	0.05%	-0.03%	0.06%	-0%	0.01%	0.02%
EBITDA Growth %	0.67%	-1.14%	7.73%	1.21%	-0.15%	-1.47%	2.75%	-1.02%	17.58%	0.54%
D&A (Non-Cash Add-back)	1.11M	2.07M	2.68M	7.24M	5.71M	3.11M	1.86M	4.16M	2.8M	4.36M
EBIT	6.23M	-3.65M	4.38M	9.45M	7.08M	-7.43M	18.2M	-3.42M	2.73M	3.62M
Net Interest Income+	-80.74K	-571.65K	1.67M	-3.43M	-4.69M	-4.62M	-4.95M	-7.93M	-6.92M	-8.55M
Interest Income	0	0	1.67M	58K	3K	16K	227K	328K	92K	375K
Interest Expense	80.74K	571.65K	0	3.48M	4.7M	4.64M	5.17M	8.26M	7.01M	8.93M
Other Income/Expense	-132.29K	-2.5M	-1.59M	-3.38M	-4.67M	-2.61M	4.64M	-6.95M	-5.22M	-6.9M
Pretax Income+	6.15M	-4.22M	2.65M	4.7M	2.62M	-11.78M	13.4M	-11.35M	-3.96M	-4.99M
Pretax Margin %	0.04%	-0.03%	0.01%	0.02%	0.01%	-0.07%	0.08%	-0.05%	-0.01%	-0.02%
Income Tax+	2.4M	725K	195K	1.5M	-544K	-3.39M	1.17M	432K	729K	423K
Effective Tax Rate %	0.8%	0.76%	0.86%	0.28%	2.92%	0.62%	0.82%	1.08%	1.72%	1.23%
Net Income+	4.94M	-3.21M	2.28M	1.34M	7.66M	-7.28M	10.93M	-12.29M	-6.82M	-6.14M
Net Margin %	0.03%	-0.02%	0.01%	0.01%	0.03%	-0.04%	0.06%	-0.05%	-0.02%	-0.02%
Net Income Growth %	0.99%	-1.65%	1.71%	-0.41%	4.71%	-1.95%	2.5%	-2.13%	0.45%	0.1%
Net Income (Continuing)	3.76M	-4.94M	2.46M	4.21M	3.17M	-8.39M	12.23M	-11.79M	-4.68M	-5.41M
Discontinued Operations	0	0	0	0	8.06M	4K	0	0	0	0
Minority Interest	497.65K	640.76K	1.12M	4.48M	7.08M	7.59M	11.87M	13.79M	14.03M	8.75M
EPS (Diluted)+	1.37	-1.01	0.74	0.44	1.13	-2.53	3.78	-4.32	-2.42	-2.23
EPS Growth %	0.96%	-1.74%	1.73%	-0.41%	1.57%	-3.24%	2.49%	-2.14%	0.44%	0.08%
EPS (Basic)	1.39	-1.01	0.74	0.44	1.14	-2.53	3.79	-4.32	-2.42	-2.23
Diluted Shares Outstanding	3.6M	3.19M	3.07M	3.06M	2.8M	2.88M	2.89M	2.85M	2.82M	2.75M
Basic Shares Outstanding	3.56M	3.19M	3.06M	3.05M	2.79M	2.88M	2.88M	2.85M	2.82M	2.75M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	38.96M	48.86M	61.67M	71.35M	98.49M	105.77M	128.24M	116.56M	102.88M	78.51M
Cash & Short-Term Investments	10.29M	4.89M	5.09M	14.28M	7.63M	12.4M	6.47M	5.81M	7.1M	6.35M
Cash Only	5.35M	2.76M	4.8M	12.52M	5.95M	11M	5.62M	5.81M	7.1M	5.93M
Short-Term Investments	4.94M	2.13M	290.45K	1.76M	1.68M	1.41M	859K	0	0	422K
Accounts Receivable	13.62M	21.62M	19.39M	11.02M	14.25M	10.89M	32.05M	28.69M	26M	24.78M
Days Sales Outstanding	33.53	53.16	36.38	16.1	21.97	22.71	66.07	42.35	33.09	30.99
Inventory	12.27M	19.78M	34.23M	29.97M	60.62M	71.97M	75.17M	71.13M	60.72M	38.52M
Days Inventory Outstanding	36.34	56.26	77.65	53.78	116.62	183.13	199.25	130.79	94.53	60.69
Other Current Assets	1.11M	890.37K	1.51M	16.81M	15.98M	10.51M	14.55M	8.43M	6.7M	5.76M
Total Non-Current Assets+	13.2M	16.48M	35.48M	43.79M	52.94M	34.98M	79.36M	73M	74.29M	95.27M
Property, Plant & Equipment	4.58M	5.32M	20.27M	29.98M	41.33M	18.41M	43.08M	33.19M	32.49M	48.22M
Fixed Asset Turnover	32.38x	27.88x	9.59x	8.33x	5.73x	9.51x	4.11x	7.45x	8.83x	6.05x
Goodwill	275.41K	4.42M	4.42M	4.42M	4.23M	4.23M	10.13M	10.56M	10.54M	10.54M
Intangible Assets	1.11M	1.38M	1.31M	1.23M	749K	1.6M	13.26M	12.1M	10.98M	10.02M
Long-Term Investments	4.71M	2.46M	6.38M	6.7M	6.02M	4.47M	9.86M	13.23M	16.65M	19M
Other Non-Current Assets	-288.48M	2.69M	-88.91M	924.39K	30K	5.67M	219K	1.5M	3.63M	7.49M
Total Assets+	52.15M	65.34M	97.15M	115.14M	151.43M	140.75M	207.6M	189.56M	177.17M	173.78M
Asset Turnover	2.84x	2.27x	2.00x	2.17x	1.56x	1.24x	0.85x	1.30x	1.62x	1.68x
Asset Growth %	0.2%	0.25%	0.49%	0.19%	0.32%	-0.07%	0.47%	-0.09%	-0.07%	-0.02%
Total Current Liabilities+	15.72M	20.27M	31.18M	52.79M	67.75M	28.18M	30.91M	64.29M	46.84M	47.66M
Accounts Payable	7M	11.57M	10.18M	11.41M	10.86M	8.34M	9.4M	10.45M	15.07M	17.78M
Days Payables Outstanding	20.74	32.91	23.09	20.48	20.9	21.23	24.91	19.21	23.46	28.02
Short-Term Debt	1.86M	25K	9.23M	24.74M	43.86M	5.64M	6.48M	38.74M	14.36M	10.38M
Deferred Revenue (Current)	11.31K	508.62K	1000K	1000K	1000K	0	1000K	304K	1000K	1000K
Other Current Liabilities	3.55M	3.27M	590K	7.85M	6.38M	0	4.43M	8.08M	4.66M	430K
Current Ratio	2.48x	2.41x	1.98x	1.35x	1.45x	3.75x	4.15x	1.81x	2.20x	1.65x
Quick Ratio	1.70x	1.43x	0.88x	0.78x	0.56x	1.20x	1.72x	0.71x	0.90x	0.84x
Cash Conversion Cycle	49.14	76.5	90.93	49.41	117.69	184.6	240.41	153.92	104.16	63.66
Total Non-Current Liabilities+	1.17M	21.46M	39.73M	33.51M	52.59M	91.26M	140.21M	99.58M	111.53M	120.58M
Long-Term Debt	4.83K	18.41M	38.86M	32.92M	43.14M	81.86M	129.33M	86.35M	98.57M	104.51M
Capital Lease Obligations	0	0	0	7.47M	7.47M	7.08M	6.73M	10.77M	10.52M	11.84M
Deferred Tax Liabilities	546K	8K	92K	0	579K	595K	2.81M	2.42M	2.45M	2.25M
Other Non-Current Liabilities	615.24K	3.04M	785.8K	-6.88M	1.4M	1.73M	1.34M	47K	0	1.98M
Total Liabilities	16.88M	41.73M	70.91M	86.31M	120.34M	119.44M	171.12M	163.87M	158.37M	168.24M
Total Debt+	1.86M	18.44M	48.08M	57.65M	95.64M	95.94M	143.99M	137.52M	125.2M	129.12M
Net Debt	-3.48M	15.67M	43.28M	45.13M	89.69M	84.94M	138.37M	131.71M	118.1M	123.18M
Debt / Equity	0.05x	0.78x	1.83x	2.00x	3.08x	4.50x	3.95x	5.35x	6.66x	23.32x
Debt / EBITDA	0.26x	-	6.94x	3.77x	7.36x	-	13.56x	-	30.82x	20.61x
Net Debt / EBITDA	-0.49x	-	6.25x	2.95x	6.90x	-	13.04x	-	29.07x	19.67x
Interest Coverage	74.70x	-5.42x	-	2.31x	1.55x	-1.98x	1.69x	-0.53x	0.18x	0.21x
Total Equity+	35.27M	23.61M	26.24M	28.83M	31.09M	21.31M	36.48M	25.69M	18.8M	5.54M
Equity Growth %	0.18%	-0.33%	0.11%	0.1%	0.08%	-0.31%	0.71%	-0.3%	-0.27%	-0.71%
Book Value per Share	9.81	7.41	8.54	9.42	11.11	7.39	12.63	9.02	6.67	2.01
Total Shareholders' Equity	34.77M	22.97M	25.12M	24.36M	24.01M	13.72M	24.61M	11.9M	4.77M	-3.22M
Common Stock	593.13K	510.7K	510.9K	505.66K	756K	756K	756K	757K	758K	758K
Retained Earnings	29.35M	18.46M	20.7M	21.19M	23.77M	16.27M	26.73M	13.69M	8.19M	2.13M
Treasury Stock	0	0	0	0	-2.62M	-2.62M	-3M	-4.08M	-4.96M	-6.4M
Accumulated OCI	-117.9K	-212.05K	-260.9K	-205.09K	-537K	-684K	-263K	816K	-80K	-647K
Minority Interest	497.65K	640.76K	1.12M	4.48M	7.08M	7.59M	11.87M	13.79M	14.03M	8.75M

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	3.21M	-7.55M	-277.84K	20.94M	-25.07M	-1.82M	-33.08M	16.91M	17.18M	23.5M
Operating CF Margin %	0.02%	-0.05%	-0%	0.08%	-0.11%	-0.01%	-0.19%	0.07%	0.06%	0.08%
Operating CF Growth %	-0.6%	-3.35%	0.96%	76.35%	-2.2%	0.93%	-17.19%	1.51%	0.02%	0.37%
Net Income	3.76M	-4.94M	2.46M	3.2M	3.17M	-8.39M	12.23M	-11.79M	-4.68M	-5.41M
Depreciation & Amortization	1.26B	3.18B	2.68B	7.69M	5.71M	3.11M	1.86M	4.16M	2.8M	4.36M
Stock-Based Compensation	29.33K	0	0	0	0	0	400K	0	0	0
Deferred Taxes	90.48M	-659M	-10.57M	-1.16B	0	0	-400K	0	0	0
Other Non-Cash Items	-1.35B	-151.39K	-667.56K	130.91K	-5.21M	5.96M	-6.69M	7.15M	800K	2.13M
Working Capital Changes	-1.34M	-10.21M	-3.18M	10.62M	-28.74M	-2.49M	-40.48M	17.38M	18.26M	22.42M
Change in Receivables	-1.53M	-5.52M	2.73M	-1.96M	-2.24M	6.07M	-12.65M	1.91M	4.99M	-1.81M
Change in Inventory	-877.99K	-7.85M	-6.76M	9.53M	-29.61M	-129K	-17.6M	10.16M	9.1M	20.63M
Change in Payables	605.94K	4.15M	-1.69M	1.09M	1.51M	-2.52M	1.05M	992K	4.62M	2.71M
Cash from Investing+	-5.27M	-3.7M	-26.42M	-23M	8.61M	2.52M	-33.39M	-6.17M	-2.5M	-20.19M
Capital Expenditures	-1.05M	-2.35M	-20.22M	-20.47M	-38.69M	-6M	-1.56M	-1.18M	-1.08M	-15.68M
CapEx % of Revenue	0.01%	0.02%	0.1%	0.08%	0.16%	0.03%	0.01%	0%	0%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-44.3K	-63.44K	624.57K	2.33M	51M	7.26M	-6.25M	572K	3.21M	2.52M
Cash from Financing+	-5.99M	8.69M	28.74M	9.55M	19.24M	71K	59.25M	-12.38M	-13.91M	-4.8M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	-1.24M	719.17K	3.96M	-2.32M	2.75M	-1.53M	8.16M	1.67M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	2.17M	-9.9M	-20.49M	467.13K	-63.77M	-7.82M	-34.64M	15.73M	16.1M	7.82M
FCF Margin %	0.01%	-0.07%	-0.11%	0%	-0.27%	-0.04%	-0.2%	0.06%	0.06%	0.03%
FCF Growth %	-0.64%	-5.56%	-1.07%	1.02%	-137.51%	0.88%	-3.43%	1.45%	0.02%	-0.51%
FCF per Share	0.60	-3.11	-6.67	0.15	-22.79	-2.71	-12.00	5.53	5.72	2.84
FCF Conversion (FCF/Net Income)	0.65x	2.35x	-0.12x	15.62x	-3.28x	0.25x	-3.03x	-1.38x	-2.52x	-3.83x
Interest Paid	47.05K	298.15K	1.07M	2.88M	3.31M	2.73M	1.52M	5.87M	3.89M	8.44M
Taxes Paid	2.83M	1.09M	1.66M	527K	1.49M	477K	429K	1.03M	917K	983K

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	15.19%	-10.92%	9.14%	4.87%	25.55%	-27.77%	37.82%	-39.55%	-30.66%	-50.47%
Return on Invested Capital (ROIC)	17.26%	-6.54%	5.85%	8.43%	5.62%	-6.06%	4.67%	-1.99%	0.64%	1.08%
Gross Margin	16.83%	13.57%	17.28%	18.6%	19.87%	18.09%	22.24%	19.74%	18.26%	20.62%
Net Margin	3.34%	-2.16%	1.17%	0.54%	3.23%	-4.16%	6.17%	-4.97%	-2.38%	-2.1%
Debt / Equity	0.05x	0.78x	1.83x	2.00x	3.08x	4.50x	3.95x	5.35x	6.66x	23.32x
Interest Coverage	74.70x	-5.42x	-	2.31x	1.55x	-1.98x	1.69x	-0.53x	0.18x	0.21x
FCF Conversion	0.65x	2.35x	-0.12x	15.62x	-3.28x	0.25x	-3.03x	-1.38x	-2.52x	-3.83x
Revenue Growth	32.12%	0.18%	31.01%	28.44%	-5.22%	-26.04%	1.12%	39.67%	15.98%	1.75%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Overnight Air Cargo	68.23M	69.56M	72.85M	72.98M	-	66.25M	74.41M	90.54M	115.55M	124.03M
Overnight Air Cargo Growth	-	1.95%	4.73%	0.18%	-	-	12.31%	21.68%	27.61%	7.34%
Commercial Jet Engines Inventory	-	7.46M	38.76M	93.97M	-	46.79M	57.69M	101.74M	125.53M	118.22M
Commercial Jet Engines Inventory Growth	-	-	419.40%	142.42%	-	-	23.29%	76.35%	23.39%	-5.83%
Ground Equipment Sales	51.18M	31.45M	50M	47.15M	-	60.68M	42.24M	48.48M	37.17M	38.94M
Ground Equipment Sales Growth	-	-38.55%	59.01%	-5.70%	-	-	-30.39%	14.79%	-23.34%	4.77%
Corporate and Other	-	-	-	749.58K	764K	1.4M	2.74M	6.56M	8.59M	-
Corporate and Other Growth	-	-	-	-	1.92%	82.98%	95.99%	139.34%	30.91%	-
Commercial Jet Engines Inventory	-	-	-	-	101.28M	-	-	-	-	-
Commercial Jet Engines Inventory Growth	-	-	-	-	-	-	-	-	-	-
Printing Equipment and Maintenance	3.95M	9.81M	6.14M	654.62K	306K	-	-	-	-	-
Printing Equipment and Maintenance Growth	-	148.05%	-37.37%	-89.35%	-53.26%	-	-	-	-	-
Ground Support Services	24.83M	30.45M	35.71M	34.33M	-	-	-	-	-	-
Ground Support Services Growth	-	22.62%	17.26%	-3.86%	-	-	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Overnight Air Cargo	-	-	-	-	-	-	-	-	-	124.03M
Overnight Air Cargo Growth	-	-	-	-	-	-	-	-	-	-
Commercial Jet Engines Inventory	-	-	-	-	-	-	-	-	-	118.22M
Commercial Jet Engines Inventory Growth	-	-	-	-	-	-	-	-	-	-
Ground Equipment Sales	-	-	-	-	-	-	-	-	-	38.94M
Ground Equipment Sales Growth	-	-	-	-	-	-	-	-	-	-
Digital Solutions	-	-	-	-	-	-	-	-	-	7.27M
Digital Solutions Growth	-	-	-	-	-	-	-	-	-	-
Corporate and Other Operating Segment	-	-	-	-	-	-	-	-	-	3.4M
Corporate and Other Operating Segment Growth	-	-	-	-	-	-	-	-	-	-
UNITED STATES	141.01M	-	175.73M	211.82M	187.71M	147.01M	142.9M	199.57M	246.63M	-
UNITED STATES Growth	-	-	-	20.54%	-11.38%	-21.68%	-2.80%	39.66%	23.58%	-
Non-US	7.2M	-	18.79M	38.02M	49.08M	28.11M	34.18M	47.75M	40.21M	-
Non-US Growth	-	-	-	102.31%	29.08%	-42.72%	21.59%	39.71%	-15.80%	-
Domestic	-	26.92M	-	-	-	-	-	-	-	-
Domestic Growth	-	-	-	-	-	-	-	-	-	-
International	-	4.77M	-	-	-	-	-	-	-	-
International Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Air T, Inc. (AIRT) reported $279.2M in revenue for fiscal year 2025. This represents a 212% increase from $89.4M in 2012.

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 $5.6M 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) generated $13.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.