Air T, Inc. (AIRT) vs FTAI Infrastructure Inc. (FIP)

Air T, Inc. and FTAI Infrastructure Inc. are both Conglomerates companies. FTAI Infrastructure Inc. is the larger, with a market value of $302.6M against $80.0M — 3.8× the size. FTAI Infrastructure Inc. has negative trailing earnings, so its P/E is not meaningful; Air T, Inc. trades at 1.2×. FTAI Infrastructure Inc. grew revenue faster over the last twelve months: 72.3% against 25.4%. Air T, Inc. has the higher net margin (17.2% vs −91.9%) and the lower return on invested capital (−5.35% vs −0.66%). Across the 17 metrics below, Air T, Inc. leads on 9 and FTAI Infrastructure Inc. on 8.

Valuation

Metric AIRT FIP Conglomerates median
P/E 1.22 n/m 16.16
P/S 0.21 0.43 0.80
P/B 1.16 n/m 1.50
Price to free cash flow n/m n/m 12.10
EV/EBITDA n/m 13.36 11.13
EV/Sales 0.81 4.36 1.25
Earnings yield 82.08% (213.64%) 0.37%
Free cash flow yield (91.72%) (108.15%) (0.75%)

Profitability

Metric AIRT FIP Conglomerates median
Gross margin 48.48% 100.00% 33.55%
Operating margin (6.69%) (3.34%) 2.86%
Net margin 17.17% (91.89%) 0.49%
Free cash flow margin (19.12%) (46.91%) (0.47%)
Return on equity 199.57% 413.35% 0.27%
Return on assets 19.36% (11.93%) 0.00%
Return on invested capital (5.35%) (0.66%) 1.29%

Growth

Metric AIRT FIP Conglomerates median
Revenue growth (TTM) 25.44% 72.33% 8.17%
EPS growth (last fiscal year) 1,393.72% 17.82% (8.46%)
Revenue growth, 5-year CAGR 13.31% 48.94% 6.01%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AIRT FIP Conglomerates median
Debt to equity 3.68 (5.33) 0.51
Current ratio 1.43 0.28 1.77
Net debt to EBITDA 159.94 19.73 1.29

Dividend

Metric AIRT FIP Conglomerates median
Dividend yield — 4.96% 3.06%
Payout ratio — — 0.30

Size

Metric AIRT FIP Conglomerates median
Market cap 79.97m 302.55m 425.00m

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