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Air Industries Group

AIRI Industrials Aerospace & Defense

Air Industries Group’s revenue for fiscal 2025 (year ended December 2025) was $47.9 million, down 13.0% from fiscal 2024.

Revenue
−5.25%
EPS
−63.6%
Free cash flow
+365.5%
Total debt
−3.13%

Quarter to June 2026, against a year earlier

2.59 0.02 +0.78%
Market cap
$12.9M
P/E
0.0×
Fwd P/E
−8.6×
Dividend yield
—
F-score
3/9
Altman Z
−0.50
Beneish M
−2.89
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 34.92%

Capital & Financial Ratios $m

Size
Market Cap 12.91
Revenue ttm 46.73
Net income ttm (1.76)
Free cash flow ttm (4.49)
Net debt Q 1.67
Valuation
P/E 0.00
Forward P/E (8.60) (negative: loss-making)
Price / sales 0.27
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.69
Financial health
Current ratio Q 1.24
Debt / equity Q 0.35 (at or below 0.5: strong)
Interest coverage Q (0.73)
Growth
Revenue growth Q −5.25% (below 0%: shrinking)
Operating income growth Q −4,675.00% (below 0%: shrinking)
EPS, this year −56.41% (below 0%: weak)
EPS, next year A +42.62% (at or above 15%: strong)
Revenue, next year A +4.34%
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.3×, against a ten-year median of 0.7×; over the ten years it ranged from 0.3× in 2017 to 1.7× in 2019.
P/S against its own 10 years 23.80%
10-year low 10-year high
P/B against its own 10 years 13.02%
10-year low 10-year high
EV/Sales against its own 10 years 4.88%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 0 1 5 5
Receivables 8 9 7 7
Inventory 30 29 34 37
Other — — — —
39 39 47 49
2023 2024 2025 Q'26
Payables 6 7 8 7
ST’ Debt — — 5 5
Other 4 1 0 3
27 27 38 40

Compound Annual Growth %

10y 5y 3y
Sales (5.05%) (0.88%) (3.45%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value (3.97%) 4.91% 4.47%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY25 Estimate −0.22 Actual −0.01

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY24 −0.02 −0.12 Miss by 0.10
Q1 FY25 −0.04 −0.27 Miss by 0.23
Q2 FY25 −0.15 −0.11 Beat by 0.04
Q3 FY25 −0.22 −0.01 Beat by 0.21

EPS $

Mar Jun Sep Dec Year
’26 (0.21) (0.18) — — —
’25 (0.27) (0.11) (0.01) 0.05 (0.31)
’24 (0.21) 0.09 (0.12) (0.17) (0.41)
’23 (0.19) (0.12) (0.40) 0.06 (0.65)
’22 (0.01) 0.00 (0.04) (0.28) (0.33)
’21 (0.05) 0.06 (0.02) 0.50 0.45
’20 0.30 (0.50) (0.16) 0.68 0.30
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 12 12 — — —
’25 12 13 10 13 48
’24 14 14 13 15 55
’23 13 13 12 13 52
’22 12 14 13 14 53
’21 14 15 14 15 59
’20 13 8 14 14 50
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (1) 2 — — —
’25 2 0 (3) (1) (1)
’24 0 1 0 0 0
’23 1 0 6 (2) 5
’22 1 (1) 0 1 0
’21 1 (1) 3 2 4
’20 0 (1) (2) 2 (2)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (2) 1 — — —
’25 0 (1) (3) (1) (4)
’24 0 (1) 0 (1) (2)
’23 0 0 5 (2) 3
’22 1 (2) (1) 0 (2)
’21 0 (1) 2 1 3
’20 0 (1) (3) (1) (5)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 51 50 45 55 50 59 53 52 55 48 47 (0.8%) 50 — — +4.3%
Gross margin, % 8.32 9.76 12.23 16.75 13.00 17.40 14.00 14.42 16.21 17.08 19.71 +8.8 pt
EBT (13) (16) (9) (3) 0 2 (1) (2) (1) (1) (2) (21.6%)
EBT margin, % (24.87) (32.63) (19.20) (4.69) (0.17) 2.76 (2.02) (4.14) (2.48) (3.00) (4.01) +21.9 pt
Net income (16) (23) (11) (3) 1 2 (1) (2) (1) (1) (2) (24.1%)
Per share, $
Per share, $ Revenue 67.71 37.69 16.56 18.91 16.30 18.39 16.50 15.71 16.52 11.36 9.72 (18.0%)
Earnings (20.60) (17.00) (4.20) (0.90) 0.36 0.50 (0.33) (0.65) (0.41) (0.31) (0.35) (37.3%)
Cash flow (0.91) (3.01) (0.87) (0.31) (0.50) 1.27 0.14 1.48 0.10 (0.32) (0.62) (11.0%)
Capex 0.05 (1.14) (0.47) (0.26) (1.24) (0.43) (0.73) (0.64) (0.68) (0.74) (0.31) n/m
Free cash flow (0.86) (4.16) (1.34) (0.57) (1.73) 0.84 (0.59) 0.84 (0.59) (1.06) (0.93) +2.3%
Book value 32.84 13.43 4.31 3.54 4.91 5.43 5.22 4.63 4.48 4.55 3.76 (19.7%)
Shares, m 1 1 3 3 3 3 3 3 3 4 4 +21.0%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 28.83 17.91 0.00 0.00 0.00 0.00 0.00 4.7
P/S 0.44 0.47 0.43 1.22 0.75 0.49 0.26 0.21 0.25 0.27 0.27 0.5
P/B 0.90 1.31 1.66 6.50 2.50 1.67 0.83 0.70 0.91 0.67 0.69 1.8
EV/Sales 0.47 0.52 0.52 1.68 1.26 0.89 0.75 0.63 0.64 0.31 0.30 0.8
EV/FCF (37.02) (4.75) (6.37) (55.52) (11.89) 19.44 (20.81) 11.75 (18.11) (3.29) (3.14) (12.7)
Cash, $m
Cash, $m Operating cash flow (1) (4) (2) (1) (2) 4 0 5 0 (1) (3) +7.7%
Capex 0 (2) (1) (1) (4) (1) (2) (2) (2) (3) (1) n/m
Free cash flow (1) (5) (4) (2) (5) 3 (2) 3 (2) (4) (4) +23.8%
Balance, $m
Balance, $m Working capital 9 10 9 6 16 17 19 12 12 9 9 +0.8%
Net debt 36 26 23 25 25 23 26 7 7 2 2 (28.4%)
Shareholders’ equity 25 18 12 10 15 17 17 15 15 19 18 (2.8%)
Returns, %
Returns, % ROA (18.27) (31.42) (20.26) (5.53) 2.01 2.93 (2.01) (4.08) (2.69) (2.39) (3.21) +15.9 pt
ROIC (10.46) (18.13) (8.86) 0.58 (2.22) 3.81 (0.28) (0.83) 1.30 (1.01) (1.68) +9.5 pt
ROE (58.19) (105.74) (74.85) (25.05) 8.66 10.01 (6.29) (13.31) (9.06) (7.64) (10.56) +50.6 pt
People
People Employees 366 275 209 159 151 197 185 180 184 160 — (8.8%)
Revenue/emp, $m 0.14 0.18 0.21 0.34 0.33 0.30 0.29 0.29 0.30 0.30 — +8.8%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Air Industries Group vs peers in Aerospace & Defense (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
FJET Starfighters Space, Inc. $41.0M — (loss-making) — — n/m −235.20% (below 0%: shrinking) — 0.00% Compare
MNTS Momentus Inc. $37.3M — (loss-making) — −86.91% (below 0%: shrinking) n/m −180.26% (below 0%: shrinking) 100.00% (32,420.00%) Compare
XTIA XTI Aerospace, Inc. $32.3M — (loss-making) — (loss-making) +5,308.17% (above 0%: growing) n/m −55.80% (below 0%: shrinking) 17.39% (27.99%) Compare
MOB Mobilicom Limited Sponsored ADR $30.5M — (loss-making) — (loss-making) −64.81% (below 0%: shrinking) n/m −367.36% (below 0%: shrinking) 58.40% 0.00% Compare
PRZO ParaZero Technologies Ltd. $14.0M — — — — −42.97% (below 0%: shrinking) 43.65% 0.00% Compare
AIRI Air Industries Group $12.9M — (loss-making) — (loss-making) −5.25% (below 0%: shrinking) n/m +365.52% (above 0%: growing) 20.70% (3.05%)
DUKR DUKE Robotics Corp. $9.9M — (loss-making) — +313.89% (above 0%: growing) n/m −77.73% (below 0%: shrinking) 38.93% (622.82%) Compare
DFNS T3 Defense Inc. $7.7M — (loss-making) — +1,438.11% (above 0%: growing) n/m −267.69% (below 0%: shrinking) 25.35% (84.53%) Compare
VWAV visionwave holdings, inc. $5.2M — (loss-making) — — n/m −10,453.05% (below 0%: shrinking) 40.03% (6,337.65%) Compare
Median of peers $22.2M — — +313.89% — −207.73% 40.03% (56.26%)

All 94 Aerospace & Defense stocks →

Pay and ownership Proxy statement filed 5 May 2025

Chief executive’s pay

Year Total pay Actually paid $100 invested
2024 1.01m 802.00k 44.73
2023 493.32k 385.38k 35.71
2022 544.59k 464.99k 46.70

Ownership

Directors and executive officers, together 34.97%
Michael N. Taglich 17.61%
Robert F. Taglich 12.41%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Air Industries Group (AIRI) Latest News

3 Aug

Impact 3 ·

9 Jul

Impact 4 ·

17 Feb

Impact 4 · · Business Wire
Impact 4 · · Business Wire

18 Nov

Impact 4 · · GuruFocus.com

14 Nov

Impact 4 · · Business Wire
Impact 3 · · Zacks
Impact 3 · · Associated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press Finance

6 Nov

Impact 3 · · Zacks

22 Oct

Impact 3 · · Zacks

2 Oct

Impact 3 ·

25 Sep

Impact 3 ·

19 Sep

Impact 3 · · Zacks

3 Sep

Impact 3 · · Business Wire

15 Aug

Impact 3 · · GuruFocus.com transcript

14 Aug

Impact 3 · · Zacks
Impact 3 · · Associated Press Finance
Impact 3 · · Business Wire

8 Aug

Impact 3 ·

1 Aug

Impact 4 · · Insider Monkey
Impact 3 · · Zacks

29 Jul

Impact 3 · · Zacks

22 Jul

Impact 4 · · Zacks

11 Jul

Impact 3 · · Zacks

10 Jul

Impact 4 · · Business Wire

3 Jul

Impact 3 · · Zacks

23 Jun

Impact 4 · · Zacks

15 May

Impact 3 · · Business Wire

31 Mar

Impact 4 · · Business Wire

11 Mar

Impact 4 · · Business Wire
stockrow.com/AIRI · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com