Air T, Inc. (AIRT) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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AIRT Revenue Growth
Revenue Breakdown (FY 2025)
AIRT's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
AIRT Revenue Analysis (2014–2025)
As of May 8, 2026, Air T, Inc. (AIRT) generated trailing twelve-month (TTM) revenue of $272.5 million, reflecting moderate decline in growth of -8.7% year-over-year. The most recent quarter (Q3 2026) recorded $71.1 million in revenue, up 10.9% sequentially.
Looking at the longer-term picture, AIRT's 5-year compound annual growth rate (CAGR) stands at +4.3%, indicating moderate growth over time. The company achieved its highest annual revenue of $291.9 million in 2025, representing a new all-time high.
Revenue diversification analysis shows AIRT's business is primarily driven by Overnight Air Cargo (44%), Commercial Jet Engines Inventory Segment (42%), and Ground Equipment Sales (14%).
When compared to Industrials sector peers including MRTN (-8.3% YoY), HTLD (-23.1% YoY), and UPS (-2.7% YoY), AIRT has underperformed the peer group in terms of revenue growth. Compare AIRT vs MRTN →
AIRT Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| AIRTCurrent | $272M | -8.7% | +4.3% | 0.7% | |
 MRTN | $884M | -8.3% | +0.2% | 1.2% | |
 HTLD | $806M | -23.1% | +4.5% | -7.7% | |
 UPS | $88.6B | -2.7% | +1.0% | 9.6% | |
 HUBG | $3.9B | -5.8% | +1.5% | 3.6% | |
 FWRD | $2.5B | -3.2% | +14.5% | 1.5% |
AIRT Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $291.9M | +1.7% | $60.2M | 20.6% | $1.9M | 0.7% |
| 2024 | $286.8M | +16.0% | $52.4M | 18.3% | $1.3M | 0.4% |
| 2023 | $247.3M | +39.7% | $48.8M | 19.7% | $-4,407,000 | -1.8% |
| 2022 | $177.1M | +1.1% | $39.4M | 22.2% | $8.8M | 4.9% |
| 2021 | $175.1M | -26.0% | $31.7M | 18.1% | $-9,175,000 | -5.2% |
| 2020 | $236.8M | -5.2% | $47.1M | 19.9% | $7.3M | 3.1% |
| 2019 | $249.8M | +28.4% | $46.5M | 18.6% | $8.1M | 3.2% |
| 2018 | $194.5M | +31.0% | $33.6M | 17.3% | $4.2M | 2.2% |
| 2017 | $148.5M | +0.2% | $20.1M | 13.6% | $-3,100,773 | -2.1% |
| 2016 | $148.2M | +32.1% | $24.9M | 16.8% | $6.0M | 4.1% |
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Start ComparisonAIRT — Frequently Asked Questions
Quick answers to the most common questions about buying AIRT stock.
Is AIRT's revenue growth accelerating or slowing?
AIRT revenue declined -8.7% year-over-year, contrasting with the 5-year CAGR of +4.3%. TTM revenue fell to $272M. This reverses the prior growth trend.
What is AIRT's long-term revenue growth rate?
Air T, Inc.'s 5-year revenue CAGR of +4.3% reflects the variable expansion pattern. Current YoY growth of -8.7% is below this long-term average.
How is AIRT's revenue distributed by segment?
AIRT reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.