Air Industries Group AIRI

2.60 0.03 1.17% as of 25 Sep
Market cap
$12.5M
P/E
0.0×
Growth Flags show if company had growth for consecutive years

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 34.92%

Capital & Financial Ratios

Market Cap 12.47
Revenue 46.73
Net Income (1.76)
Free Cash Flow (4.49)
Net Debt 1.67
Current Ratio 1.24
Debt/Equity 0.35
P/E ratio 0.00
P/S ratio 0.27
P/B ratio 0.69
Past 5Y EPS Growth 15.44%
This Y EPS Growth (56.41%)
Next Y EPS Growth 42.62%
Next 5Y EPS Growth —
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate 0.60
Annual Dividend Yield 17.05%
total individual payouts
2022 Powerpack
2021 Powerpack
2020 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

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
in millions of $

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%

Revenue

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
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

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)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

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)
in millions of $ · fiscal quarters ending in the months shown

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 0.50
’20 0.30 (0.50) (0.16) 0.68 0.40
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
22.10 11.50 7.00 7.30 6.00 9.00 4.07 2.60 3.03 2.77

Analyst estimates 2026–2028

Powerpack
Low Price
82.70 46.00 19.50 26.20 33.60 24.60 10.10 5.98 9.44 4.70
High Price
366 275 209 159 151 197 185 180 184 160
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
51 50 45 55 50 59 53 52 55 48
Revenue
8.32% 9.76% 12.23% 16.75% 13.00% 17.40% 14.00% 14.42% 16.21% 17.08%
Gross Margin
(13) (16) (9) (3) 0 2 (1) (2) (1) (1)
EBT
(24.87%) (32.63%) (19.20%) (4.69%) (0.17%) 2.76% (2.02%) (4.14%) (2.48%) (3.00%)
EBT Margin
(16) (23) (11) (3) 1 2 (1) (2) (1) (1)
Net Income
6 17 5 4 3 3 3 3 3 3
Depreciation
67.71 37.69 16.56 18.91 16.30 18.39 16.50 15.71 16.52 11.36
Revenue/Sh
(20.60) (17.00) (4.20) (0.90) 0.30 0.50 (0.33) (0.65) (0.41) (0.31)
Earnings/Sh
(0.91) (3.01) (0.87) (0.31) (0.50) 1.27 0.14 1.48 0.10 (0.32)
Cash Flow/Sh
0.05 (1.14) (0.47) (0.26) (1.24) (0.43) (0.73) (0.64) (0.68) (0.74)
Capex/Sh
(0.86) (4.16) (1.34) (0.57) (1.73) 0.84 (0.59) 0.84 (0.59) (1.06)
Free CF/Sh
32.84 13.43 4.31 3.54 4.91 5.43 5.22 4.63 4.48 4.55
Book Value/Sh
1 1 3 3 3 3 3 3 3 4
Shares
0.00 0.00 0.00 0.00 28.83 17.97 0.00 0.00 0.00 0.00
PE Ratio
0.44 0.47 0.43 1.22 0.75 0.49 0.26 0.21 0.25 0.27
PS Ratio
0.90 1.31 1.67 6.50 2.50 1.68 0.83 0.70 0.91 0.67
PB Ratio
0.47 0.52 0.52 1.68 1.26 0.89 0.75 0.63 0.64 0.31
EV/Sales
(37.02) (4.75) (6.41) (55.52) (11.89) 19.48 (20.81) 11.75 (18.11) (3.29)
EV/FCF
(1) (4) (2) (1) (2) 4 0 5 0 (1)
Op' Cash Flow
0 (2) (1) (1) (4) (1) (2) (2) (2) (3)
Capex
(1) (5) (4) (2) (5) 3 (2) 3 (2) (4)
FCF
9 10 9 6 16 17 19 12 12 9
Working Cap'
37 27 25 27 28 24 26 7 8 6
Total Debt
36 26 23 25 25 23 26 7 7 2
Net Debt
25 18 12 10 15 17 17 15 15 19
Sh' Equity
(18.27%) (31.42%) (20.26%) (5.53%) 2.01% 2.93% (2.01%) (4.08%) (2.69%) (2.39%)
ROA
(10.46%) (18.13%) (8.86%) 0.58% (2.22%) 3.81% (0.28%) (0.83%) 1.30% (1.01%)
ROIC
(58.19%) (105.74%) (74.85%) (25.05%) 8.66% 10.01% (6.29%) (13.31%) (9.06%) (7.64%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Air Industries Group peers in Aerospace & Defense

All 82 Aerospace & Defense stocks →

Air Industries Group (AIRI) key facts

  • Air Industries Group (AIRI) is an Aerospace & Defense company in the Industrials sector, listed on NYSE American.
  • Air Industries Group’s revenue for fiscal 2025 (year ended December 2025) was $47.9 million, down 13.0% from fiscal 2024.
  • As of September 25, 2026, AIRI traded at $2.60, a market capitalization of $12.5 million.
  • Air Industries Group pays an annual dividend of $0.60 per share, a yield of 17.1%.
  • Return on equity was −7.64% and debt-to-equity 0.35.

Source: company filings (standardised) and stockrow calculations.

Air Industries Group (AIRI) Latest News

News by impact score

Fine-tune

3 Aug

3

Air Industries Group amended and extended its restated merger agreement with Tenax Aerospace. Merger agreement extension with Tenax Aerospace may influence Air Industries Group's strategic timeline and valuation without immediate core operational overhaul.

9 Jul

4

Air Industries Group amends and restates merger agreement with Tenax Aerospace. Amended merger agreement with Tenax Aerospace signals major strategic shift likely to alter Air Industries Group trajectory.

17 Feb

4

Tenax Aerospace and Air Industries Group (AIRI) announced a strategic combination to form a scaled aerospace and defense platform. Strategic merger with Tenax Aerospace scales up AIRI's operations and competitive position in aerospace and defense.

4

Air Industries Group (AIRI) announced preliminary unaudited results for 2025. Preliminary unaudited financial results announcements significantly impact investor sentiment and stock performance for AIRI.

18 Nov

4

Air Industries Group (AIRI) reported strong sales growth in Q3 2025, driven by increased demand for its products and services. The company highlighted improvements in operational efficiency and cost management, contributing to a positive financial outlook. Despite rising costs in certain areas, AIRI's strategic initiatives have positioned it well for future growth. Management expressed confidence in sustaining this momentum moving forward. Strong sales growth and operational improvements indicate significant potential for future performance and market positioning.

14 Nov

4

Air Industries Group reported solid financial results for the three and nine months ended September 30, 2025, highlighting significant revenue growth and improved profitability. The company attributed its success to increased demand for its aerospace and defense products, along with effective cost management strategies. Key financial metrics showed a notable increase in both top-line and bottom-line performance, positioning Air Industries Group favorably in the competitive landscape. Strong revenue growth and improved profitability indicate a significant positive shift in the company's financial trajectory.

3

Air Industries Group (AIRI) reported a loss in Q3 but exceeded revenue estimates. The company's financial performance showed resilience despite challenges, indicating potential for future growth. Investors reacted positively to the revenue figures, suggesting confidence in the company's operational strategies. Exceeding revenue estimates may positively influence market sentiment and financial performance, but the reported loss indicates ongoing challenges.

3

Air Industries Group (AIRI) reported its Q3 earnings, revealing a revenue increase compared to the previous year. The company highlighted improvements in operational efficiency and cost management, contributing to a positive outlook for future performance. Despite challenges in the market, AIRI remains focused on strategic initiatives to enhance growth and profitability. The revenue increase and operational improvements indicate a moderately noticeable influence on financial performance and market sentiment.

6 Nov

3

Air Industries Group (AIRI) is experiencing increased attention in the stock market, driven by recent developments and market trends. Investors are advised to consider various factors, including financial performance and market sentiment, before making investment decisions. The company's strategic positioning and potential growth opportunities are highlighted as key elements influencing its future trajectory. Moderate influence is expected due to factors affecting financial performance and market sentiment.

22 Oct

3

Air Industries Group (AIRI) experienced a decline in stock price, falling more than the broader market. The drop is attributed to various factors, including market volatility and investor sentiment. Analysts suggest that the company's performance may be influenced by ongoing challenges in the aerospace and defense sectors, which could impact future growth prospects. Current market conditions and sector challenges are expected to moderately affect Air Industries' financial performance and competitive positioning.

2 Oct

3

Air Industries Group (AIRI) experienced a decline in stock value despite overall market gains. Factors contributing to this drop include ongoing challenges in the aerospace and defense sectors, which have affected investor sentiment. Analysts are closely monitoring the company's performance and strategic decisions moving forward, as these will be crucial for its recovery and growth. Current market challenges and investor sentiment are likely to moderately influence Air Industries' financial performance and competitive positioning.

25 Sep

3

Air Industries Group (AIRI) has seen an increase in its stock price despite a general market decline. This rise is attributed to positive developments within the company, including strategic initiatives and potential growth opportunities that have garnered investor interest. Analysts suggest that AIRI's performance may be indicative of its resilience in a fluctuating market environment. Positive developments within the company may moderately influence its financial performance and market sentiment.

19 Sep

3

Air Industries Group (AIRI) experienced a decline in stock value despite overall market gains. Key factors contributing to this drop include concerns over the company's financial performance and market positioning. Investors are advised to monitor upcoming developments closely, as they may influence future stock performance. Concerns over financial performance and market positioning may moderately influence investor sentiment and stock performance.

3 Sep

3

Air Industries Group has secured two contracts totaling $6.9 million, enhancing its revenue stream and operational capacity. These contracts are expected to contribute positively to the company's financial performance and market position. The contracts are expected to moderately influence financial performance and operational capabilities.

15 Aug

3 transcript

Air Industries Group (AIRI) reported its Q2 2025 earnings, highlighting challenges faced in the current market environment. The company discussed strategies to navigate these obstacles, focusing on operational efficiencies and potential growth areas. Management emphasized their commitment to innovation and adapting to changing industry demands, while also addressing financial performance metrics and future outlook. Moderate challenges and strategic adjustments are expected to influence financial performance and competitive positioning.

14 Aug

3

Air Industries Group (AIRI) reported a loss for Q2 but exceeded revenue estimates. The company's financial performance showed resilience despite challenges, indicating potential for future growth. Investors reacted positively to the revenue figures, suggesting confidence in the company's operational strategies. The revenue beat indicates potential for improved financial performance, but the reported loss suggests ongoing challenges.

3

Air Industries Group (AIRI) reported its Q2 earnings, highlighting a revenue increase compared to the previous year. The company experienced growth in its aerospace and defense segments, contributing to improved financial performance. Despite challenges in the supply chain, management remains optimistic about future prospects and ongoing contracts. The earnings report reflects a positive trend in operational efficiency and market demand. The revenue growth and improved financial performance indicate a moderately noticeable influence on the company's trajectory.

3

Air Industries Group reported its financial results for the three and six months ended June 30, 2025, highlighting key metrics such as revenue, net income, and operational performance. The company experienced fluctuations in earnings compared to previous periods, reflecting ongoing challenges and opportunities within its market segment. Management provided insights into strategic initiatives aimed at enhancing growth and profitability moving forward. Financial results indicate moderate fluctuations that may influence investor sentiment and operational strategies.

8 Aug

3

Air Industries Group (AIRI) experienced a decline in stock value despite overall market gains. Investors are concerned about the company's financial performance and future prospects, leading to a drop in share prices. Key factors influencing this downturn include market volatility and potential challenges in the aerospace and defense sectors, which are critical to Air Industries' operations. Analysts are closely monitoring the situation as the company navigates these challenges. Concerns about financial performance and market volatility may moderately influence investor sentiment and operational aspects.

1 Aug

4

Air Industries Group (AIRI) has secured a $5.4 million contract to supply landing gear components for the B-52 bomber. This contract is part of the company's ongoing efforts to expand its defense sector operations and enhance its revenue streams. The deal underscores Air Industries' capabilities in manufacturing critical aerospace components, contributing to its growth in the defense industry. The contract represents a significant strategic move that could enhance revenue and strengthen Air Industries' position in the defense sector.

3

Air Industries Group (AIRI) has seen a surge in investor interest, prompting discussions about its future prospects and market performance. Analysts are evaluating the company's recent developments and potential growth opportunities, particularly in the aerospace and defense sectors. The heightened search activity indicates a growing curiosity among investors regarding AIRI's strategic direction and financial health. Increased investor interest may moderately influence AIRI's market sentiment and financial performance.

29 Jul

3

Air Industries Group (AIRI) has experienced a significant decline in its stock price, falling more steeply than the broader market. This downturn raises concerns among investors regarding the company's future performance and market position. Analysts are closely monitoring the situation as it unfolds, considering various factors that may have contributed to this decline. The stock's steep decline suggests a moderately noticeable influence on investor sentiment and potential financial performance.

22 Jul

4

Air Industries (AIRI) closed at $3.44, down 1.71%, underperforming the S&P 500's 0.06% gain. Despite a prior 4.17% increase, AIRI lagged behind the Aerospace sector's 5.95% gain. Upcoming earnings are projected at -$0.15 EPS, a 266.67% decrease year-over-year, with revenue expected at $12 million, down 11.57%. For the fiscal year, estimates are -$0.45 EPS and $53.39 million revenue, reflecting declines from the previous year. AIRI holds a Zacks Rank of #5 (Strong Sell), indicating negative analyst sentiment, and the Aerospace - Defense industry ranks in the bottom 37% of over 250 industries. The significant projected earnings decline and negative analyst sentiment indicate a likely adverse impact on future performance.

11 Jul

3

Air Industries (AIRI) closed at $3.60, down 4.76%, underperforming the S&P 500's loss of 0.33%. Despite a 6.78% rise over the past month, the company is expected to report earnings of -$0.15 per share, a 266.67% decline year-over-year, with revenue projected at $12 million, down 11.57%. For the annual period, anticipated earnings are -$0.45 per share and revenue of $53.39 million, reflecting declines of 9.76% and 3.12%, respectively. The Zacks Rank for Air Industries is #5 (Strong Sell), indicating a negative outlook, while the Aerospace - Defense industry ranks in the top 19% of over 250 industries. Investors are advised to monitor these developments closely. Expected declines in earnings and revenue may moderately influence investor sentiment and financial performance.

10 Jul

4

Air Industries Group has secured a $5.4 million contract to supply Landing Gear Steering Collar Components for the US Air Force B-52 Aircraft. Deliveries are set to begin in late 2026 and continue through the third quarter of 2027. CEO Lou Melluzzo highlighted the B-52's long service life and the expected ongoing demand for after-market products. This contract marks the company's first order from a new customer and reflects its increased focus on after-market spares. The contract represents a significant strategic move for Air Industries, potentially enhancing its market position and revenue stream.

3 Jul

3

Air Industries (AIRI) shares fell 2.1% to $3.27, underperforming the S&P 500's 0.83% gain. The company has seen a 2.91% decline prior to this trading day, lagging behind the Aerospace sector's 2.79% increase. Air Industries is expected to report earnings of -$0.15 per share, a 266.67% year-over-year decline, with projected revenue of $12 million, down 11.57%. Full-year estimates predict earnings of -$0.45 per share and revenue of $53.39 million, reflecting declines of 9.76% and 3.12%, respectively. The Zacks Rank for AIRI is currently #5 (Strong Sell), indicating negative sentiment among analysts. The Aerospace - Defense industry ranks 65th, placing it in the top 27% of over 250 industries. Expected earnings and revenue declines indicate moderate challenges for Air Industries' financial performance.

23 Jun

4

Air Industries (AIRI) closed at $3.36, down 2.61%, underperforming the S&P 500's 0.96% gain. Over the past month, AIRI shares fell 3.63%, while the Aerospace sector gained 3.16%. The upcoming earnings report is projected to show a loss of -$0.15 per share, a 266.67% decline year-over-year, with revenue expected at $12 million, down 11.57%. For the year, anticipated earnings are -$0.45 per share and revenue of $53.39 million, reflecting declines from the previous year. AIRI has a Zacks Rank of #5 (Strong Sell), with a 95.65% drop in EPS estimates over the past month. The Aerospace - Defense industry ranks in the top 23% of all industries. Investors are advised to monitor these developments closely. The significant projected losses and declining revenue indicate a major negative shift in Air Industries' financial performance.

15 May

3

Air Industries Group reported a 13.7% decrease in net sales for Q1 2025, totaling $12.1 million, while gross profit increased by 6.7% to $2.0 million. Operating expenses rose by 28.4% due to higher non-cash stock compensation, leading to an operating loss of $746,000 and a net loss of $988,000. Despite these challenges, adjusted EBITDA improved by 59.1% to $576,000. The company noted a strong Book-to-Bill ratio of 1.34 and a slight increase in funded backlog, indicating ongoing business development momentum. CEO Lou Melluzzo expressed confidence that full-year 2025 results will surpass those of 2024. The increase in gross profit and adjusted EBITDA, along with a strong Book-to-Bill ratio, suggests moderate positive influence on future performance.

31 Mar

4

Air Industries Group reported preliminary unaudited financial results for 2024, showing a 7% increase in net sales to $55.1 million and a reduction in net loss by 35.9% to $1.4 million. The company achieved record levels of new business and backlog, with a book-to-bill ratio of 1.30x. Adjusted EBITDA rose by 35.3% to $3.6 million. CEO Lou Melluzzo highlighted operational improvements and customer satisfaction, noting significant long-term contract wins and an all-time high backlog exceeding $250 million. The company will utilize a 15-day extension to file its Annual Report on Form 10-K. Record backlog and improved financial performance indicate significant strategic progress and potential for future growth.

11 Mar

4

Air Industries Group has secured two contracts worth approximately $3.3 million for landing and arresting gear components for the US Navy E-2D Advanced Hawkeye aircraft. These contracts support both the production of new aircraft and maintenance, repair, and overhaul (MRO) of existing aircraft. The E-2D Advanced Hawkeye is recognized as a premier airborne command and control platform, with Air Industries being the sole supplier of landing gear components. The aircraft is expected to remain in service into the 2040s, indicating a sustained demand for after-market products. Securing contracts for a critical military platform indicates significant future revenue potential and strengthens the company's market position.

stockrow.com/AIRI · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com