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AIR T INC (AIRT) Stock Fundamental Analysis

NASDAQ:AIRT - US0092071010 - Common Stock

21.8801 USD
-1.23 (-5.32%)
Last: 8/29/2025, 8:05:58 PM
Fundamental Rating

3

Taking everything into account, AIRT scores 3 out of 10 in our fundamental rating. AIRT was compared to 23 industry peers in the Air Freight & Logistics industry. The financial health of AIRT is average, but there are quite some concerns on its profitability. AIRT is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

AIRT had negative earnings in the past year.
AIRT had a positive operating cash flow in the past year.
AIRT had negative earnings in 4 of the past 5 years.
In multiple years AIRT reported negative operating cash flow during the last 5 years.
AIRT Yearly Net Income VS EBIT VS OCF VS FCFAIRT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M -20M -40M -60M

1.2 Ratios

The Return On Assets of AIRT (-3.92%) is comparable to the rest of the industry.
AIRT's Return On Invested Capital of 1.89% is in line compared to the rest of the industry. AIRT outperforms 52.17% of its industry peers.
AIRT had an Average Return On Invested Capital over the past 3 years of 1.70%. This is significantly below the industry average of 12.53%.
The last Return On Invested Capital (1.89%) for AIRT is above the 3 year average (1.70%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA -3.92%
ROE N/A
ROIC 1.89%
ROA(3y)-4.62%
ROA(5y)-2.76%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)1.7%
ROIC(5y)N/A
AIRT Yearly ROA, ROE, ROICAIRT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100 -100

1.3 Margins

AIRT has a Operating Margin (1.14%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of AIRT has declined.
Looking at the Gross Margin, with a value of 22.57%, AIRT is in the better half of the industry, outperforming 65.22% of the companies in the same industry.
AIRT's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 1.14%
PM (TTM) N/A
GM 22.57%
OM growth 3Y-47.09%
OM growth 5Y-23.59%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.67%
GM growth 5Y-0.12%
AIRT Yearly Profit, Operating, Gross MarginsAIRT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15 20

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4

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AIRT is destroying value.
AIRT has less shares outstanding than it did 1 year ago.
AIRT has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, AIRT has a worse debt to assets ratio.
AIRT Yearly Shares OutstandingAIRT Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1M 2M 3M
AIRT Yearly Total Debt VS Total AssetsAIRT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M

2.2 Solvency

An Altman-Z score of 2.08 indicates that AIRT is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of AIRT (2.08) is worse than 60.87% of its industry peers.
AIRT has a debt to FCF ratio of 19.07. This is a negative value and a sign of low solvency as AIRT would need 19.07 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 19.07, AIRT is in the better half of the industry, outperforming 60.87% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 19.07
Altman-Z 2.08
ROIC/WACC0.27
WACC6.88%
AIRT Yearly LT Debt VS Equity VS FCFAIRT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M -50M 100M

2.3 Liquidity

A Current Ratio of 1.89 indicates that AIRT should not have too much problems paying its short term obligations.
AIRT's Current ratio of 1.89 is amongst the best of the industry. AIRT outperforms 82.61% of its industry peers.
AIRT has a Quick Ratio of 1.08. This is a normal value and indicates that AIRT is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.08, AIRT is not doing good in the industry: 73.91% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.89
Quick Ratio 1.08
AIRT Yearly Current Assets VS Current LiabilitesAIRT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M

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1

3. Growth

3.1 Past

AIRT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -16.12%.
Looking at the last year, AIRT shows a small growth in Revenue. The Revenue has grown by 5.14% in the last year.
The Revenue has been growing slightly by 4.27% on average over the past years.
EPS 1Y (TTM)-16.12%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-399.01%
Revenue 1Y (TTM)5.14%
Revenue growth 3Y18.12%
Revenue growth 5Y4.27%
Sales Q2Q%6.71%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
AIRT Yearly Revenue VS EstimatesAIRT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M

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2

4. Valuation

4.1 Price/Earnings Ratio

AIRT reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
AIRT Price Earnings VS Forward Price EarningsAIRT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0 0 0 0 0 0 0

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AIRT is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, AIRT is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 8.8
EV/EBITDA 20.82
AIRT Per share dataAIRT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80 100

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

AIRT does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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AIR T INC

NASDAQ:AIRT (8/29/2025, 8:05:58 PM)

21.8801

-1.23 (-5.32%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)08-08 2025-08-08
Earnings (Next)11-10 2025-11-10
Inst Owners24.22%
Inst Owner Change4.43%
Ins Owners52.19%
Ins Owner Change0%
Market Cap59.08M
Analysts0
Price TargetN/A
Short Float %1.68%
Short Ratio6.75
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.2
P/FCF 8.8
P/OCF 2.65
P/B N/A
P/tB N/A
EV/EBITDA 20.82
EPS(TTM)-2.73
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)2.49
FCFY11.37%
OCF(TTM)8.25
OCFY37.73%
SpS109.74
BVpS-1.71
TBVpS-9.99
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -3.92%
ROE N/A
ROCE 2.39%
ROIC 1.89%
ROICexc 2.11%
ROICexgc 2.57%
OM 1.14%
PM (TTM) N/A
GM 22.57%
FCFM 2.27%
ROA(3y)-4.62%
ROA(5y)-2.76%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)1.7%
ROIC(5y)N/A
ROICexc(3y)1.79%
ROICexc(5y)N/A
ROICexgc(3y)2.19%
ROICexgc(5y)N/A
ROCE(3y)2.16%
ROCE(5y)N/A
ROICexcg growth 3Y-28.79%
ROICexcg growth 5Y-25.46%
ROICexc growth 3Y-29.74%
ROICexc growth 5Y-27.26%
OM growth 3Y-47.09%
OM growth 5Y-23.59%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.67%
GM growth 5Y-0.12%
F-Score3
Asset Turnover1.56
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 19.07
Debt/EBITDA 14.62
Cap/Depr 319.08%
Cap/Sales 5.26%
Interest Coverage 250
Cash Conversion 270.26%
Profit Quality N/A
Current Ratio 1.89
Quick Ratio 1.08
Altman-Z 2.08
F-Score3
WACC6.88%
ROIC/WACC0.27
Cap/Depr(3y)142.25%
Cap/Depr(5y)284.97%
Cap/Sales(3y)2.07%
Cap/Sales(5y)3.62%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-16.12%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-399.01%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)5.14%
Revenue growth 3Y18.12%
Revenue growth 5Y4.27%
Sales Q2Q%6.71%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y172.41%
EBIT growth 3Y-37.51%
EBIT growth 5Y-20.33%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-69.06%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-2.76%
OCF growth 3YN/A
OCF growth 5YN/A