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%

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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

	Mar '26	Mar '25	Mar '24	Mar '23	Mar '22	Mar '21	Mar '20	Mar '19	Mar '18	Mar '17
Piotroski F-Score Full definition →	5	6	6	5	5	2	4	5	4	1
P/E ratio Full definition →	0.76	0.00	0.00	0.00	6.00	0.00	4.57	18.98	15.18	0.00
Altman Z-Score Full definition →	1.28	2.10	2.31	1.90	1.95	2.18	2.35	2.91	3.05	3.63
P/S ratio Full definition →	0.18	0.16	0.21	0.29	0.37	0.39	0.15	0.23	0.18	0.29
Altman Z″-Score (non-manufacturers) Full definition →	1.75	1.27	2.31	1.97	3.93	3.68	2.37	2.47	3.40	4.01
P/FCF ratio Full definition →	0.00	5.95	3.68	4.53	0.00	190.82	0.00	10.16	0.00	0.00
Beneish M-Score Full definition →	(0.93)	(3.19)	(3.07)	(3.21)	0.72	(2.94)	(1.35)	(3.58)	(2.18)	(2.17)
P/Operating CF Full definition →	(1,339.21)	11.28	(9.92)	3.44	(4.89)	14.16	(2.27)	2.48	(4.02)	13.75
P/B ratio Full definition →	0.73	0.00	10.18	5.49	2.55	4.66	1.40	2.09	1.42	1.93
Price to Tangible BV Full definition →	1.05	0.00	0.00	0.00	28.11	7.71	1.68	2.69	1.86	2.62
EV/Sales Full definition →	0.74	0.53	0.57	0.76	1.08	0.78	0.43	0.42	0.39	0.37
EV/EBITDA Full definition →	211.50	24.55	39.98	0.00	17.94	0.00	7.88	5.51	11.23	685.19
EV/Operating CF Full definition →	(9.65)	6.54	9.45	11.07	(5.76)	(75.40)	(4.08)	4.36	(273.40)	(7.35)
EV/FCF Full definition →	(5.01)	19.67	10.08	11.90	(3.96)	382.06	(3.10)	19.00	(3.71)	(5.61)
Quick Ratio Full definition →	0.69	0.68	0.71	0.58	1.39	1.06	0.48	0.50	0.75	1.24
Current Ratio Full definition →	1.67	1.65	2.20	1.81	4.15	3.75	1.45	1.35	1.98	2.41
Net Debt/EBITDA Full definition →	159.94	17.13	25.40	(472.79)	11.77	(11.31)	5.19	2.56	6.13	156.02
Debt/Assets Full definition →	51.11%	66.12%	63.74%	65.99%	65.42%	62.16%	56.67%	50.07%	49.50%	28.22%
Debt/Equity Full definition →	2.59	(75.69)	19.40	9.64	5.28	5.95	3.43	2.47	1.98	0.83
Asset Turnover Full definition →	1.12	1.66	1.56	1.25	1.02	1.20	1.78	2.03	2.39	2.53
Operating CF/Net income Full definition →	(0.32)	(3.83)	(2.52)	(1.38)	(3.03)	0.25	(3.28)	15.62	(0.12)	2.35
Capex/Depreciation Full definition →	(1.88)	(3.60)	(0.38)	(0.28)	(8.05)	0.70	(1.40)	(2.22)	(8.02)	(0.74)
Interest Coverage Full definition →	(0.93)	0.23	0.18	(0.56)	1.77	(1.98)	1.55	2.72	2.46	(5.42)
ROE Full definition →	196.54%	(285.45%)	(72.53%)	(63.54%)	54.06%	(36.64%)	31.66%	5.63%	9.81%	(11.19%)
ROA Full definition →	26.76%	(3.50%)	(3.72%)	(6.19%)	6.27%	(4.98%)	5.74%	1.26%	2.80%	(5.47%)
ROIC Full definition →	(2.65%)	1.13%	0.72%	(2.14%)	3.63%	(6.88%)	4.93%	8.85%	4.04%	(5.57%)
Return on Tangible Assets Full definition →	34.43%	(12.01%)	(8.87%)	(16.68%)	9.22%	(8.45%)	21.26%	5.87%	6.49%	(9.48%)
Average Days of Receivables Full definition →	44.73	30.76	29.87	41.56	66.07	22.71	21.97	18.67	31.36	47.51
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.10%	0.70%
Selling, General and Administrative Expense of Revenue Full definition →	24.71%	19.82%	17.82%	17.32%	16.84%	19.57%	16.80%	15.59%	14.98%	14.96%
Intangible Assets out of Total Assets Full definition →	0.06	0.12	0.12	0.12	0.11	0.04	0.03	0.05	0.06	0.09
Share Based Compensation of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Graham Net Nets Full definition →	(2.86)	(2.08)	(1.16)	(0.84)	(0.82)	(0.30)	(0.80)	(0.42)	(0.33)	0.13
Graham Number Full definition →	139.34	5.26	0.00	0.00	27.59	0.00	23.50	12.05	17.23	0.00
Earnings Yield Full definition →	132.29%	(13.20%)	(11.51%)	(17.13%)	16.66%	(10.64%)	21.90%	5.27%	6.59%	(2.48%)
Free Cash Flow Yield Full definition →	(81.86%)	16.82%	27.19%	22.06%	(73.34%)	0.52%	(94.74%)	9.84%	(59.45%)	(23.08%)
Revenue per Share Full definition →	121.01	106.13	101.86	86.87	61.49	60.76	84.84	70.61	95.21	46.58
Operating CF per Share Full definition →	(9.27)	8.54	6.10	5.94	(11.49)	(0.63)	(8.98)	6.86	(0.14)	(2.37)
Capex per Share Full definition →	(8.58)	(5.70)	(0.38)	(0.41)	(5.20)	0.76	(2.87)	(5.28)	(9.89)	(0.73)
Free Cash Flow per Share Full definition →	(17.85)	2.84	5.72	5.53	(16.68)	0.12	(11.85)	1.58	(10.03)	(3.10)
Cash per Share Full definition →	9.73	2.77	3.47	3.25	3.79	6.54	6.57	4.96	3.23	1.81
Shareholders Equity per Share Full definition →	29.92	(0.55)	2.07	4.56	8.93	5.11	8.96	7.65	11.87	6.95
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	29.92	(0.55)	2.07	4.56	8.93	5.11	8.96	7.65	11.87	6.95
Free Cash Flow Full definition →	(48.24)	7.82	16.10	15.73	(48.05)	0.36	(33.08)	4.81	(20.49)	(9.89)
Working Capital Full definition →	64.45	30.85	56.04	52.27	97.34	77.60	30.74	18.55	30.49	28.59
Capital Expenditures Full definition →	(23.19)	(15.68)	(1.08)	(1.18)	(14.97)	2.18	(8.00)	(16.13)	(20.21)	(2.34)
Net Current Asset Value Full definition →	(168.27)	(96.79)	(68.47)	(60.02)	(53.64)	(20.26)	(27.93)	(20.44)	(11.23)	5.69
EV/EBIT Full definition →	0.00	80.59	128.47	0.00	21.75	0.00	14.05	9.79	17.89	0.00
Capex to Sales Full definition →	0.07	0.05	0.00	0.00	0.08	(0.01)	0.03	0.07	0.10	0.02
Price to Operating Income Full definition →	0.00	24.36	46.85	0.00	7.48	0.00	4.79	5.24	8.12	0.00
Other line items
Depreciation/Fixed assets Full definition →	0.08	0.21	0.13	0.19	0.09	0.36	1.08	1.70	0.55	0.60
Cash ROIC Full definition →	(15.25%)	6.46%	12.53%	10.68%	(27.86%)	0.30%	(25.61%)	5.00%	(25.96%)	(21.33%)
Accounts Receivable Turnover Full definition →	10.11	12.14	11.11	8.22	8.25	13.93	18.74	15.54	10.79	9.18
Accounts Payable Turnover Full definition →	7.39	13.61	17.93	19.58	15.31	14.61	16.53	15.31	14.55	13.47
Inventory Turnover Full definition →	3.50	4.51	3.47	2.66	1.85	2.12	4.18	5.36	5.86	7.81
Average Days of Payables Full definition →	66.67	29.02	24.05	19.63	25.25	21.70	21.54	25.19	23.49	33.76
Days of Inventory on Hand Full definition →	139.08	62.86	96.89	133.59	201.98	187.18	120.22	60.62	78.96	57.71
Average Receivables Full definition →	32.34	24.04	25.82	30.11	21.47	12.57	12.64	13.87	18.02	16.17
Average Payables Full definition →	27.38	16.43	12.76	9.92	8.87	9.60	11.14	10.80	10.88	9.29
Average Inventory Full definition →	57.82	49.62	65.92	73.15	73.57	66.30	44.04	30.84	27.00	16.03
Average Assets Full definition →	291.45	175.47	183.36	198.58	174.17	146.09	133.29	106.14	81.24	58.75
Average Common Equity Full definition →	39.68	2.15	9.40	19.35	20.22	19.86	24.18	23.80	23.20	28.72

Show all line items

Columns are period end dates · fundamentals updated 26 Oct 2026

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