| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2019 | ‡‡‡ |
|
| 2018 | ‡‡‡ |
|
| 2024 | 2025 | 2026 | Q'26 | |
|---|---|---|---|---|
| Cash | 9.77 | 7.61 | 26.30 | 22.90 |
| Receivables | 23.47 | 24.60 | 40.09 | 33.98 |
| Inventory | 60.72 | 38.52 | 77.13 | 90.06 |
| Other | 6.57 | 4.68 | 7.62 | 4.48 |
| 102.88 | 78.51 | 159.98 | 158.12 |
| 2024 | 2025 | 2026 | Q'26 | |
|---|---|---|---|---|
| Payables | 15.07 | 17.78 | 36.97 | 41.02 |
| ST’ Debt | 14.36 | 10.38 | 4.55 | 9.05 |
| Other | — | 0.43 | 0.20 | — |
| 46.84 | 47.66 | 95.52 | 110.69 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ |
| Jun | Sep | Dec | Mar | Year | |
|---|---|---|---|---|---|
| ’26 | 115.46 | — | — | — |
—
|
| ’26 | 70.87 | 64.15 | 71.13 | 120.94 |
327.09
|
| ’25 | 66.41 | 81.24 | 77.88 | 66.32 |
291.85
|
| ’24 | 71.43 | 78.97 | 63.76 | 72.68 |
286.83
|
| ’23 | 50.86 | 60.69 | 61.40 | 74.38 |
247.32
|
| ’22 | 36.97 | 43.24 | 45.43 | 51.44 |
177.08
|
| ’21 | 36.97 | 35.60 | 55.82 | 46.73 |
175.12
|
| Jun | Sep | Dec | Mar | Year | |
|---|---|---|---|---|---|
| ’26 | (2.83) | — | — | — |
—
|
| ’26 | (1.09) | (5.41) | (18.50) | (0.04) |
(25.04)
|
| ’25 | 0.11 | 2.93 | 16.33 | 4.12 |
23.50
|
| ’24 | 3.48 | 12.41 | 7.25 | (5.97) |
17.18
|
| ’23 | (2.53) | (11.41) | 10.13 | 20.72 |
16.91
|
| ’22 | (8.82) | (13.93) | 3.06 | (13.39) |
(33.08)
|
| ’21 | (3.33) | (2.29) | (1.03) | 4.84 |
(1.82)
|
| Jun | Sep | Dec | Mar | Year | |
|---|---|---|---|---|---|
| ’26 | (24.15) | — | — | — |
—
|
| ’26 | (1.33) | (5.62) | 0.61 | (41.90) |
(48.24)
|
| ’25 | (0.23) | (11.91) | 15.98 | 3.97 |
7.82
|
| ’24 | 3.08 | 12.26 | 7.13 | (6.36) |
16.10
|
| ’23 | (2.90) | (11.83) | 9.89 | 20.58 |
15.73
|
| ’22 | (8.96) | (14.64) | (10.71) | (13.75) |
(48.05)
|
| ’21 | (3.98) | (3.43) | (0.88) | 8.66 |
0.36
|
| Jun | Sep | Dec | Mar | Year | |
|---|---|---|---|---|---|
| ’26 | (5.86) | — | — | — |
—
|
| ’26 | (0.61) | 1.61 | (0.91) | 28.75 |
28.85
|
| ’25 | (0.12) | 0.91 | (0.47) | (2.55) |
(2.23)
|
| ’24 | (0.19) | (0.57) | (1.06) | (0.60) |
(2.42)
|
| ’23 | (0.50) | (0.43) | (0.21) | (3.15) |
(4.32)
|
| ’22 | 0.10 | 2.60 | (0.44) | 1.51 |
3.78
|
| ’21 | (0.29) | (1.01) | 0.73 | (1.96) |
(2.53)
|
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 14.01 | 15.91 | 12.53 | 14.56 | 18.40 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 29.53 | 28.95 | 30.60 | 26.70 | 35.00 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 500 | 584 | 624 | 646 | 1,666 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.35 | 0.42 | 0.46 | 0.45 | 0.20 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 177.08 | 247.32 | 286.83 | 291.85 | 327.09 | — | — | — |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 23.29% | 21.42% | 20.25% | 23.37% | 38.12% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 13.40 | (11.35) | (3.95) | (4.99) | 86.02 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.57% | (4.59%) | (1.38%) | (1.71%) | 26.30% | — | — | — |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 12.23 | (11.78) | (4.68) | (5.41) | 84.65 | — | — | — |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.86 | 4.16 | 2.80 | 4.36 | 12.34 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 61.49 | 86.87 | 101.86 | 106.13 | 121.01 | — | — | — |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 3.79 | (4.32) | (2.42) | (2.23) | 28.85 | — | — | — |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (11.49) | 5.94 | 6.10 | 8.54 | (9.27) | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (5.20) | (0.41) | (0.38) | (5.70) | (8.58) | — | — | — |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (16.68) | 5.53 | 5.72 | 2.84 | (17.85) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.93 | 4.56 | 2.07 | (0.55) | 29.92 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.88 | 2.85 | 2.82 | 2.75 | 2.70 | — | — | — |
Shares
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | 6.00 | 0.00 | 0.00 | 0.00 | 0.76 | — | — | — |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.37 | 0.29 | 0.21 | 0.16 | 0.18 | — | — | — |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.55 | 5.49 | 10.18 | 0.00 | 0.73 | — | — | — |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.08 | 0.76 | 0.57 | 0.53 | 0.74 | — | — | — |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (3.96) | 11.90 | 10.08 | 19.67 | (5.01) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (33.08) | 16.91 | 17.18 | 23.50 | (25.04) | — | — | — |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (14.97) | (1.18) | (1.08) | (15.68) | (23.19) | — | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (48.05) | 15.73 | 16.10 | 7.82 | (48.24) | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 97.34 | 52.27 | 56.04 | 30.85 | 64.45 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 135.81 | 125.09 | 112.93 | 114.90 | 209.11 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 124.89 | 115.83 | 103.16 | 107.28 | 182.82 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 25.72 | 12.98 | 5.82 | (1.52) | 80.88 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.27% | (6.19%) | (3.72%) | (3.50%) | 26.76% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.63% | (2.14%) | 0.72% | 1.13% | (2.65%) | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 54.06% | (63.54%) | (72.53%) | (285.45%) | 196.54% | — | — | — |
ROE
|
Air T, Inc. (AIRT) has powered through a decade of aviation turbulence with impressive revenue growth, surging from $148 million in 2016 to a projected $292 million in 2025 at over 7% CAGR, fueled by acquisitions, FedEx partnerships, and e-commerce cargo booms. Employee productivity has soared, with revenue per head nearly doubling to $452,000, hinting at scalable operations in a capital-hungry sector. Yet this topline shine masks brutal profitability swings—net losses ballooning to $5.4 million in 2025, EBT margins stuck negative, and ROE plummeting to -285% amid relentless depreciation and interest bites.
The balance sheet screams caution: debt exploding 6,000% to $115 million, shareholders’ equity evaporating to negative $1.5 million, turning PB ratios nonsensical. Cash flows offer a glimmer, with 2025 FCF per share at $8.54—double last year’s—potentially funding deleveraging if capex doesn’t spiral. Stock trades at dirt-cheap 0.16x PS, undervaluing growth versus peers, but EV/FCF at 20x and thinning interest coverage flag a classic value trap for the unwary.
In this high-beta micro-cap, upside hinges on margin recovery to 23% gross and sustained FCF amid drone cargo tailwinds, potentially rerating 20-30% toward historical highs. But recession freight slumps or 737 MAX woes could crush it—risk-tolerant contrarians might bet on the turnaround, while the debt overhang demands steel nerves.
Keep track of companies that you follow and research.
Full access to our data with predictions and indicators that we calculate daily.
Full access to our screener with tons of custom values and customizable email notifications.
Excel export of financials and screeners you define and save.