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Friday 6 November 2026 Export AIRT’s income statement to Excel — free account

Air T, Inc.

AIRT Industrials Conglomerates

Air T, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $327.1 million, up 12.1% from fiscal 2025.

Revenue
+62.9%
EPS
−860.7%
Free cash flow
−1,721.5%
Total debt
+92.3%

Quarter to June 2026, against a year earlier

28.35 0.35 −1.22%
Market cap
$75.4M
P/E
1.2×
Fwd P/E
−9.4×
Dividend yield
—
F-score
5/9
Altman Z
1.28
Beneish M
−0.93
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 50.67%

Capital & Financial Ratios $m

Size
Market Cap 75.42
Revenue ttm 371.68
Net income ttm 69.63
Free cash flow ttm (71.06)
Net debt Q 223.44
Valuation
P/E 1.20
Forward P/E (9.40) (negative: loss-making)
Price / sales 0.21
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.14
Financial health
Current ratio Q 1.43
Debt / equity Q 3.68 (above 2: weak)
Interest coverage Q (2.26)
Growth
Revenue growth Q +62.92% (above 0%: growing)
Operating income growth Q −1,612.38% (below 0%: shrinking)
EPS, this year —
EPS, next year A —
Revenue, next year A −26.09% (below 0%: weak)
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 0.8×, against a ten-year median of 0.5×; over the ten years it ranged from 0.3× in 2017 to 1.1× in 2022.
P/E against its own 10 years 6.38%
10-year low 10-year high
P/S against its own 10 years 33.15%
10-year low 10-year high
P/B against its own 10 years 5.13%
10-year low 10-year high
EV/Sales against its own 10 years 81.63%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 10 8 26 23
Receivables 23 25 40 34
Inventory 61 39 77 90
Other 7 5 8 4
103 79 160 158
2024 2025 2026 Q'26
Payables 15 18 37 41
ST’ Debt 14 10 5 9
Other — 0 0 —
47 48 96 111

Compound Annual Growth %

10y 5y 3y
Sales 8.24% 13.31% 9.77%
Cash Flow 0.00% 0.00% 0.00%
Earnings 33.27% 0.00% 0.00%
Book Value 8.65% 40.61% 84.00%

EPS $

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)
Fiscal quarters ending in the months shown.

Revenue $m

Jun Sep Dec Mar Year
’26 115 — — — —
’26 71 64 71 121 327
’25 66 81 78 66 292
’24 71 79 64 73 287
’23 51 61 61 74 247
’22 37 43 45 51 177
’21 37 36 56 47 175
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 (3) — — — —
’26 (1) (5) (18) 0 (25)
’25 0 3 16 4 23
’24 3 12 7 (6) 17
’23 (3) (11) 10 21 17
’22 (9) (14) 3 (13) (33)
’21 (3) (2) (1) 5 (2)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 (24) — — — —
’26 (1) (6) 1 (42) (48)
’25 0 (12) 16 4 8
’24 3 12 7 (6) 16
’23 (3) (12) 10 21 16
’22 (9) (15) (11) (14) (48)
’21 (4) (3) (1) 9 0
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Jun ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 148 195 216 237 175 177 247 287 292 327 372 +9.2% — — — —
Gross margin, % 15.75 18.66 23.29 22.27 19.86 23.29 21.42 20.25 23.37 38.12 48.48 +22.4 pt
EBT (4) 3 6 3 (12) 13 (11) (4) (5) 86 72 n/m
EBT margin, % (2.84) 1.36 2.77 1.11 (6.73) 7.57 (4.59) (1.38) (1.71) 26.30 19.31 +29.1 pt
Net income (5) 2 3 11 (8) 12 (12) (5) (5) 85 70 n/m
Per share, $
Per share, $ Revenue 46.58 95.21 70.61 84.84 60.76 61.49 86.87 101.86 106.13 121.01 137.86 +11.2%
Earnings (1.01) 1.20 0.44 2.74 (2.53) 3.79 (4.32) (2.42) (2.23) 28.85 23.59 n/m
Cash flow (2.37) (0.14) 6.86 (8.98) (0.63) (11.49) 5.94 6.10 8.54 (9.27) (9.93) +16.4%
Capex (0.73) (9.89) (5.28) (2.87) 0.76 (5.20) (0.41) (0.38) (5.70) (8.58) (16.43) +31.4%
Free cash flow (3.10) (10.03) 1.58 (11.85) 0.12 (16.68) 5.53 5.72 2.84 (17.85) (26.36) +21.5%
Book value 6.95 11.87 7.65 8.96 5.11 8.93 4.56 2.07 (0.55) 29.92 24.80 +17.6%
Shares, m 3 2 3 3 3 3 3 3 3 3 3 (1.8%)
Valuation, ×
Valuation, × P/E 0.00 15.18 18.98 4.57 0.00 6.00 0.00 0.00 0.00 0.76 1.20 4.5
P/S 0.29 0.18 0.23 0.15 0.39 0.37 0.29 0.21 0.16 0.18 0.21 0.2
P/B 1.93 1.42 2.09 1.40 4.66 2.55 5.49 10.18 0.00 0.73 1.14 3.0
EV/Sales 0.37 0.39 0.42 0.43 0.78 1.08 0.76 0.57 0.53 0.74 0.81 0.6
EV/FCF (5.61) (3.71) 19.00 (3.10) 382.06 (3.96) 11.90 10.08 19.67 (5.01) (4.22) 42.1
Cash, $m
Cash, $m Operating cash flow (8) 0 21 (25) (2) (33) 17 17 23 (25) (27) +14.2%
Capex (2) (20) (16) (8) 2 (15) (1) (1) (16) (23) (44) +29.0%
Free cash flow (10) (20) 5 (33) 0 (48) 16 16 8 (48) (71) +19.2%
Balance, $m
Balance, $m Working capital 29 30 19 31 78 97 52 56 31 64 47 +9.5%
Net debt 13 41 43 67 69 125 116 103 107 183 223 +34.5%
Shareholders’ equity 22 24 23 25 15 26 13 6 (2) 81 67 +15.5%
Returns, %
Returns, % ROA (5.47) 2.80 1.26 5.74 (4.98) 6.27 (6.19) (3.72) (3.50) 26.76 19.36 +32.2 pt
ROIC (5.57) 4.04 8.85 4.93 (6.88) 3.63 (2.14) 0.72 1.13 (2.65) (5.35) +2.9 pt
ROE (11.19) 9.81 5.63 31.66 (36.64) 54.06 (63.54) (72.53) (285.45) 196.54 199.57 +207.7 pt
People
People Employees 708 775 769 478 452 500 584 624 646 1,666 — +10.0%
Revenue/emp, $m 0.21 0.25 0.28 0.50 0.39 0.35 0.42 0.46 0.45 0.20 — (0.7%)
Negative figures in brackets.
estimates

All 10 years →

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

Air T, Inc. vs peers in Conglomerates (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
NNBR NN, Inc. $250.3M — (loss-making) — (loss-making) +26.20% (above 0%: growing) n/m −114.17% (below 0%: shrinking) 13.94% (2.53%) Compare
RCMT RCM Technologies, Inc. $226.3M 13.8× 15.4× +20.02% (above 0%: growing) +38.00% (above 0%: growing) +228.92% (above 0%: growing) 25.67% 8.48% Compare
BOOM DMC Global $144.9M — (loss-making) 30.2× +14.05% (above 0%: growing) n/m +2.19% (above 0%: growing) 26.87% 8.39% Compare
TUSK Mammoth Energy Services, Inc. $143.4M 10.1× 5.4× +96.70% (above 0%: growing) n/m −152.84% (below 0%: shrinking) 46.65% (1.97%) Compare
AIRT Air T, Inc. $75.4M 1.2× — (loss-making) +62.92% (above 0%: growing) n/m −1,721.49% (below 0%: shrinking) 63.67% (11.11%)
AIAI AIAI Holdings Corporation $71.3M — — — n/m — 8.49% (78.02%) Compare
SAEN Genenta Science S.p.A. Unsponsored ADR $31.3M — — — — +35.94% (above 0%: growing) 0.00% — Compare
HHS Harte Hanks, Inc. $29.9M — (loss-making) — −1.67% (below 0%: shrinking) n/m +59.98% (above 0%: growing) 14.75% (11.82%) Compare
GPUS Hyperscale Data, Inc. $28.1M — (loss-making) 9.9× +34.75% (above 0%: growing) n/m −696.15% (below 0%: shrinking) 25.24% (66.34%) Compare
Median of peers $107.3M — 12.7× +23.11% — +2.19% 20.00% (2.53%)

All 29 Conglomerates stocks →

Air T, Inc. (AIRT) Latest News

3 Sep

Impact 3 ·

14 Aug

Impact 3 ·

29 Jun

Impact 3 ·

16 Jun

Impact 4 ·

9 Mar

Impact 4 · · ACCESS Newswire

18 Feb

Impact 4 · · ZacksZacksZacksMT Newswires

13 Feb

Impact 3 · · ACCESS NewswireMobyZacksMobyMobyGuruFocus.comSimply Wall St.
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18 Dec

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Impact 3 · · PR Newswire

12 Nov

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Impact 4 · · ACCESSWIRE
Impact 3 ·

11 Nov

Impact 4 · · ACCESS NewswireTheStreetGuruFocus.com

21 Oct

Impact 4 · · ACCESS Newswire

18 Aug

Impact 3 ·

13 Aug

Impact 3 · · ACCESS Newswire

2 Jul

Impact 4 ·

27 Jun

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5 Jun

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21 May

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3 Mar

Impact 3 · · Zacks

17 Feb

Impact 3 · · Zacks

12 Feb

Impact 4 · · ACCESS Newswire

10 Dec

Impact 3 · · Zacks

14 Nov

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8 Nov

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30 Oct

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22 Oct

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27 Sep

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