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AIR T INC (AIRT) Stock Fundamental Analysis

NASDAQ:AIRT - Nasdaq - US0092071010 - Common Stock - Currency: USD

23.5  +0.1 (+0.43%)

Fundamental Rating

2

Overall AIRT gets a fundamental rating of 2 out of 10. We evaluated AIRT against 22 industry peers in the Air Freight & Logistics industry. AIRT has a bad profitability rating. Also its financial health evaluation is rather negative. AIRT has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year AIRT has reported negative net income.
In the past year AIRT had a positive cash flow from operations.
AIRT had negative earnings in 4 of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: AIRT reported negative operating cash flow in multiple 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

Looking at the Return On Assets, with a value of -3.53%, AIRT is in line with its industry, outperforming 54.55% of the companies in the same industry.
AIRT's Return On Invested Capital of 1.47% is in line compared to the rest of the industry. AIRT outperforms 50.00% 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 12.51%.
Industry RankSector Rank
ROA -3.53%
ROE N/A
ROIC 1.47%
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 of 0.80%. This is comparable to the rest of the industry: AIRT outperforms 45.45% of its industry peers.
AIRT's Operating Margin has declined in the last couple of years.
AIRT has a better Gross Margin (22.25%) than 63.64% of its industry peers.
In the last couple of years the Gross Margin of AIRT has remained more or less at the same level.
Industry RankSector Rank
OM 0.8%
PM (TTM) N/A
GM 22.25%
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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3

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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.
AIRT has a worse debt/assets ratio than last year.
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 2.17 indicates that AIRT is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of AIRT (2.17) is comparable to the rest of the industry.
The Debt to FCF ratio of AIRT is 14.70, which is on the high side as it means it would take AIRT, 14.70 years of fcf income to pay off all of its debts.
AIRT's Debt to FCF ratio of 14.70 is fine compared to the rest of the industry. AIRT outperforms 63.64% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 14.7
Altman-Z 2.17
ROIC/WACC0.21
WACC7%
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 1.65 indicates that AIRT should not have too much problems paying its short term obligations.
AIRT has a Current ratio of 1.65. This is in the better half of the industry: AIRT outperforms 68.18% of its industry peers.
AIRT has a Quick Ratio of 1.65. This is a bad value and indicates that AIRT is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.84, AIRT is doing worse than 81.82% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.65
Quick Ratio 0.84
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 small growth in Earnings Per Share. In the last year, the EPS has grown by 7.16%.
Looking at the last year, AIRT shows a small growth in Revenue. The Revenue has grown by 1.75% in the last year.
Measured over the past years, AIRT shows a small growth in Revenue. The Revenue has been growing by 4.27% on average per year.
EPS 1Y (TTM)7.16%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-323.83%
Revenue 1Y (TTM)1.75%
Revenue growth 3Y18.12%
Revenue growth 5Y4.27%
Sales Q2Q%-8.75%

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

The Price/Earnings Ratio is negative for AIRT. In the last year negative earnings were reported.
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

AIRT's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AIRT indicates a rather cheap valuation: AIRT is cheaper than 100.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 8.12
EV/EBITDA 25.57
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 (7/30/2025, 3:44:04 PM)

23.5

+0.1 (+0.43%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)06-27 2025-06-27/amc
Earnings (Next)08-08 2025-08-08
Inst Owners23.96%
Inst Owner Change0%
Ins Owners51.85%
Ins Owner Change0%
Market Cap63.45M
Analysts0
Price TargetN/A
Short Float %2.08%
Short Ratio7.88
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 0.22
P/FCF 8.12
P/OCF 2.7
P/B N/A
P/tB N/A
EV/EBITDA 25.57
EPS(TTM)-2.25
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)2.9
FCFY12.32%
OCF(TTM)8.7
OCFY37.03%
SpS108.09
BVpS-1.19
TBVpS-8.81
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -3.53%
ROE N/A
ROCE 1.86%
ROIC 1.47%
ROICexc 1.55%
ROICexgc 1.87%
OM 0.8%
PM (TTM) N/A
GM 22.25%
FCFM 2.68%
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-Score6
Asset Turnover1.68
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 14.7
Debt/EBITDA 15.6
Cap/Depr 359.94%
Cap/Sales 5.37%
Interest Coverage 0.28
Cash Conversion 350.69%
Profit Quality N/A
Current Ratio 1.65
Quick Ratio 0.84
Altman-Z 2.17
F-Score6
WACC7%
ROIC/WACC0.21
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)7.16%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-323.83%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)1.75%
Revenue growth 3Y18.12%
Revenue growth 5Y4.27%
Sales Q2Q%-8.75%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-5.22%
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-51.45%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y36.78%
OCF growth 3YN/A
OCF growth 5YN/A