Saturday 17 October 2026
Export AIRI’s income statement to Excel — free account
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. In the quarter to June 2026, revenue fell 5.25%, EPS fell 63.6%, free cash flow grew 365.5% and total debt fell 3.13%, each against the same quarter a year earlier. Dividend growth for three consecutive years.
2.49
0.04
−1.58%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
0.00 | 0.00 | 0.00 | 0.00 | 28.83 | 17.97 | 0.00 | 0.00 | 0.00 | 0.00 |
Piotroski F-Score |
3 | 4 | 5 | 5 | 3 | 8 | 3 | 4 | 5 | 3 |
P/S ratio |
0.44 | 0.47 | 0.43 | 1.22 | 0.75 | 0.49 | 0.26 | 0.21 | 0.25 | 0.27 |
Altman Z-Score |
0.06 | (0.61) | (0.75) | 0.35 | 0.05 | 0.44 | (0.09) | (0.41) | (0.28) | (0.50) |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 10.80 | 0.00 | 3.86 | 0.00 | 0.00 |
Altman Z″-Score (non-manufacturers) |
(0.91) | (2.82) | (3.52) | (3.26) | (1.68) | (0.97) | (1.25) | (2.38) | (2.41) | (2.43) |
Beneish M-Score |
(3.25) | (3.86) | (3.16) | (0.85) | (2.00) | (2.65) | (2.63) | (3.21) | (2.69) | (2.89) |
P/Operating CF |
52.11 | 6.18 | 36.54 | (57.31) | 22.79 | 18.82 | 26.94 | (4.76) | (73.80) | (21.65) |
P/B ratio |
0.90 | 1.31 | 1.67 | 6.50 | 2.50 | 1.68 | 0.83 | 0.70 | 0.91 | 0.67 |
Price to Tangible BV |
1.25 | 1.33 | 1.69 | 6.61 | 2.53 | 1.69 | 0.84 | 0.71 | 0.92 | 0.68 |
EV/Sales |
0.47 | 0.52 | 0.52 | 1.68 | 1.26 | 0.89 | 0.75 | 0.63 | 0.64 | 0.31 |
EV/EBITDA |
0.00 | 6.03 | 0.00 | 21.28 | 32.09 | 8.86 | 12.84 | 11.83 | 10.29 | 4.74 |
EV/Operating CF |
(34.94) | (6.55) | (9.88) | (103.28) | (41.50) | 12.94 | 88.85 | 6.64 | 109.58 | (10.89) |
EV/FCF |
(37.02) | (4.75) | (6.41) | (55.52) | (11.89) | 19.48 | (20.81) | 11.75 | (18.11) | (3.29) |
Quick Ratio |
0.14 | 0.16 | 0.29 | 0.28 | 0.41 | 0.47 | 0.43 | 0.32 | 0.36 | 0.31 |
Current Ratio |
1.16 | 1.25 | 1.31 | 1.17 | 1.60 | 1.75 | 1.79 | 1.46 | 1.43 | 1.24 |
Net Debt/EBITDA |
(7.82) | 6.06 | (217.49) | 5.88 | 12.92 | 3.95 | 8.31 | 2.54 | 2.08 | 0.57 |
Debt/Assets |
44.65% | 44.18% | 52.49% | 52.16% | 48.42% | 45.01% | 48.40% | 14.34% | 15.53% | 10.94% |
Debt/Equity |
1.49 | 1.51 | 2.16 | 2.61 | 1.85 | 1.38 | 1.55 | 0.48 | 0.53 | 0.33 |
Asset Turnover |
0.60 | 0.69 | 0.82 | 1.10 | 0.92 | 1.06 | 0.99 | 0.99 | 1.08 | 0.88 |
Operating CF/Net income |
0.04 | 0.18 | 0.21 | 0.33 | (1.39) | 2.50 | (0.42) | (2.28) | (0.24) | 1.04 |
Capex/Depreciation |
0.01 | (0.09) | (0.26) | (0.19) | (1.11) | (0.40) | (0.72) | (0.70) | (0.76) | (0.91) |
Interest Coverage |
(4.05) | (3.78) | (1.25) | 0.09 | (0.97) | 1.97 | (0.14) | (0.15) | 0.24 | (0.18) |
| (58.19%) | (105.74%) | (74.85%) | (25.05%) | 8.66% | 10.01% | (6.29%) | (13.31%) | (9.06%) | (7.64%) | |
| (18.27%) | (31.42%) | (20.26%) | (5.53%) | 2.01% | 2.93% | (2.01%) | (4.08%) | (2.69%) | (2.39%) | |
ROIC |
(10.46%) | (18.13%) | (8.86%) | 0.58% | (2.22%) | 3.81% | (0.28%) | (0.83%) | 1.30% | (1.01%) |
Return on Tangible Assets |
(79.07%) | (115.17%) | (61.69%) | (20.70%) | 4.24% | 6.29% | (4.01%) | (10.57%) | (6.64%) | (6.99%) |
Average Days of Receivables |
43.19 | 39.99 | 53.46 | 52.56 | 64.10 | 64.86 | 67.04 | 58.01 | 60.91 | 53.86 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Intangible Assets out of Total Assets |
0.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.33% | 1.13% | 1.79% | 1.37% | 1.04% | 1.11% | 0.99% | 0.94% | 1.45% | 2.18% |
Graham Net Nets |
0.18 | 0.20 | 0.10 | (0.04) | 0.02 | 0.17 | 0.37 | 0.30 | 0.23 | 0.59 |
Graham Number |
0.00 | 0.00 | 0.00 | 0.00 | 6.87 | 7.86 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
(69.36%) | (102.38%) | (55.92%) | (4.49%) | 3.47% | 5.57% | (7.61%) | (20.06%) | (10.07%) | (11.07%) |
Free Cash Flow Yield |
(2.90%) | (23.62%) | (18.59%) | (2.49%) | (14.07%) | 9.26% | (13.63%) | 25.89% | (14.44%) | (34.56%) |
Revenue per Share |
67.71 | 37.69 | 16.56 | 18.91 | 16.30 | 18.39 | 16.50 | 15.71 | 16.52 | 11.36 |
Operating CF per Share |
(0.91) | (3.01) | (0.87) | (0.31) | (0.50) | 1.27 | 0.14 | 1.48 | 0.10 | (0.32) |
Capex per Share |
0.05 | (1.14) | (0.47) | (0.26) | (1.24) | (0.43) | (0.73) | (0.64) | (0.68) | (0.74) |
Free Cash Flow per Share |
(0.86) | (4.16) | (1.34) | (0.57) | (1.73) | 0.84 | (0.59) | 0.84 | (0.59) | (1.06) |
Cash per Share |
1.72 | 0.48 | 0.75 | 0.45 | 0.81 | 0.20 | 0.09 | 0.11 | 0.23 | 1.09 |
Shareholders Equity per Share |
32.84 | 13.43 | 4.31 | 3.54 | 4.91 | 5.43 | 5.22 | 4.63 | 4.48 | 4.55 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
32.84 | 13.43 | 4.31 | 3.54 | 4.91 | 5.43 | 5.22 | 4.63 | 4.48 | 4.55 |
Free Cash Flow |
(0.65) | (5.50) | (3.60) | (1.65) | (5.32) | 2.70 | (1.91) | 2.75 | (1.96) | (4.47) |
Working Capital |
8.56 | 9.53 | 9.04 | 5.62 | 16.28 | 17.48 | 18.60 | 12.12 | 11.78 | 9.17 |
Capital Expenditures |
0.04 | (1.51) | (1.26) | (0.76) | (3.80) | (1.36) | (2.36) | (2.11) | (2.28) | (3.12) |
Net Current Asset Value |
4.04 | 4.59 | 1.90 | (2.64) | 0.94 | 4.84 | 5.24 | 3.19 | 3.12 | 7.66 |
EV/EBIT |
0.00 | 0.00 | 0.00 | 279.61 | 0.00 | 21.14 | 0.00 | 0.00 | 77.35 | 0.00 |
Capex to Sales |
0.00 | 0.03 | 0.03 | 0.01 | 0.08 | 0.02 | 0.04 | 0.04 | 0.04 | 0.07 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 202.32 | 0.00 | 11.73 | 0.00 | 0.00 | 29.59 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.50 | 1.70 | 0.55 | 0.53 | 0.36 | 0.41 | 0.40 | 0.38 | 0.34 | 0.36 |
Cash ROIC |
(1.03%) | (12.16%) | (9.31%) | (4.33%) | (11.67%) | 6.42% | (4.43%) | 12.06% | (8.30%) | (14.82%) |
Accounts Receivable Turnover |
5.20 | 8.65 | 7.43 | 7.59 | 6.02 | 6.12 | 5.26 | 5.73 | 6.34 | 5.89 |
Accounts Payable Turnover |
3.59 | 3.60 | 3.99 | 5.40 | 5.19 | 6.32 | 6.42 | 6.47 | 7.05 | 5.33 |
Inventory Turnover |
1.35 | 1.41 | 1.30 | 1.57 | 1.43 | 1.58 | 1.49 | 1.43 | 1.57 | 1.26 |
Average Days of Payables |
109.77 | 88.18 | 81.46 | 65.12 | 72.71 | 50.40 | 60.12 | 50.43 | 55.45 | 72.60 |
Days of Inventory on Hand |
252.64 | 252.58 | 271.30 | 230.15 | 268.99 | 221.40 | 253.67 | 247.13 | 227.74 | 314.72 |
Average Receivables |
9.87 | 5.77 | 5.99 | 7.19 | 8.33 | 9.64 | 10.13 | 8.98 | 8.69 | 8.13 |
Average Payables |
13.10 | 12.51 | 9.80 | 8.41 | 8.39 | 7.70 | 7.13 | 6.82 | 6.55 | 7.46 |
Average Inventory |
34.75 | 31.85 | 30.10 | 28.85 | 30.38 | 30.83 | 30.68 | 30.84 | 29.33 | 31.54 |
Average Assets |
85.53 | 71.78 | 54.26 | 49.42 | 54.43 | 55.60 | 53.62 | 52.26 | 50.86 | 54.67 |
Average Common Equity |
26.85 | 21.33 | 14.69 | 10.91 | 12.66 | 16.25 | 17.11 | 16.01 | 15.07 | 17.07 |
Columns are period end dates