Air T, Inc. logo

Air T, Inc.

AIRT

NASDAQIndustrialsConglomerates

Previous close

$28.75

−$0.617 · -2.10%

Aug 21, 4:00 PM ET

AIRT company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

100

Deep Value

Momentum

84

Strong Up

Sentiment

63

Bullish

Risk resilience

46

Elevated Risk

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Company profile

Company website

Air T, Inc. operates as a diversified company, offering an array of services across the United States and globally. Its primary business activities encompass rapid air cargo transportation, the manufacturing and sale of specialized ground support equipment, comprehensive solutions for commercial aircraft, engines, and parts, and services for printing equipment maintenance. The company's Overnight Air Cargo division specializes in expedited air freight delivery. As of March 31, 2022, this segment utilized a fleet of 72 aircraft, which were dry-leased for operations with FedEx. Through its Ground Equipment Sales segment, Air T, Inc. designs, produces, distributes, and maintains various types of specialized machinery. This includes aircraft de-icing units, elevated work platforms (scissor lifts), decontamination systems for both military and civilian use, flight-line tow tractors, and glycol recovery vehicles, among other unique equipment. Its broad customer base includes passenger and cargo airlines, ground handling companies, the United States Air Force, airport authorities, and industrial enterprises. The Commercial Aircraft, Engines and Parts segment provides an exhaustive suite of services related to commercial aviation assets. These offerings span commercial aircraft trading, leasing arrangements, and extensive parts solutions. Specific services include aircraft storage, maintenance during storage periods, and aircraft disassembly for component recovery (part-out services). Furthermore, this segment handles the sale, exchange, procurement, consignment programs, and overhaul/repair of aircraft components. Its expertise extends to instrumentation, avionics, and a variety of electrical accessories suitable for civilian, military transport, regional/commuter, business/commercial jet, and turboprop aircraft. The division also specializes in composite aircraft structures, providing both repair and support services for them. Air T, Inc. was established in 1980 and is headquartered in Denver, North Carolina.

Industry
Conglomerates
Sector
Industrials
Headquarters
US
CEO
Nicholas John Swenson
Listed since
Apr 24, 1984
Employees
1,666

Market position

Day range

Current $28.75

52-week range

Current $28.75

Open
$29.38
Previous close
$29.367
Volume
10.98K
1.93× average
Average volume
5.69K
Average daily volume
Market cap
77.39M USD
Beta
0.3
Market reference 1
50-day average
$27.0964
+6.10% above average
200-day average
$22.7284
+26.49% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
263.3M USD
P/E (TTM)
1.22×
P/B (TTM)
1.19×
P/S (TTM)
0.21×
EV / EBITDA
2.38×
Earnings yield
132.34%
Free cash flow yield
-70.47%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
17.03%
Operating margin
-7.67%
Net margin
17.17%
Return on equity
97.71%
Return on assets
19.06%
Return on invested capital
-5.78%

Financial health

Debt / equity
4.06×
Current ratio
1.67×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends27%15%3%-9%Gross margin, FY2022: 22.24%Gross margin, FY2023: 19.74%Gross margin, FY2024: 18.26%Gross margin, FY2025: 20.62%Gross margin, FY2026: 18.94%Operating margin, FY2022: 4.94%Operating margin, FY2023: -1.78%Operating margin, FY2024: 0.44%Operating margin, FY2025: 0.65%Operating margin, FY2026: -5.78%Net margin, FY2022: 6.17%Net margin, FY2023: -4.97%Net margin, FY2024: -2.38%Net margin, FY2025: -2.10%Net margin, FY2026: 23.84%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 22.24%. Gross margin FY2023 19.74%. Gross margin FY2024 18.26%. Gross margin FY2025 20.62%. Gross margin FY2026 18.94%. Operating margin FY2022 4.94%. Operating margin FY2023 -1.78%. Operating margin FY2024 0.44%. Operating margin FY2025 0.65%. Operating margin FY2026 -5.78%. Net margin FY2022 6.17%. Net margin FY2023 -4.97%. Net margin FY2024 -2.38%. Net margin FY2025 -2.10%. Net margin FY2026 23.84%.

Income trends

Revenue

327.09M USD+12.07%

Operating income

−18.9M USD−20.81M USD

Net income

77.98M USD+84.12M USD
Income trends across reported periods361.69M USD223.29M USD84.9M USD−53.5M USDRevenue, FY2022: 177.08M USDRevenue, FY2023: 247.32M USDRevenue, FY2024: 286.83M USDRevenue, FY2025: 291.85M USDRevenue, FY2026: 327.09M USDOperating income, FY2022: 8.76M USDOperating income, FY2023: −4.41M USDOperating income, FY2024: 1.26M USDOperating income, FY2025: 1.91M USDOperating income, FY2026: −18.9M USDNet income, FY2022: 10.93M USDNet income, FY2023: −12.3M USDNet income, FY2024: −6.82M USDNet income, FY2025: −6.14M USDNet income, FY2026: 77.98M USDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 177.08M USD. Revenue FY2023 247.32M USD. Revenue FY2024 286.83M USD. Revenue FY2025 291.85M USD. Revenue FY2026 327.09M USD. Operating income FY2022 8.76M USD. Operating income FY2023 −4.41M USD. Operating income FY2024 1.26M USD. Operating income FY2025 1.91M USD. Operating income FY2026 −18.9M USD. Net income FY2022 10.93M USD. Net income FY2023 −12.3M USD. Net income FY2024 −6.82M USD. Net income FY2025 −6.14M USD. Net income FY2026 77.98M USD.
Metric (USD)FY2026FY2025FY2024FY2023FY2022
Revenue327.09M USD291.85M USD286.83M USD247.32M USD177.08M USD
Cost of goods sold265.15M USD231.66M USD234.46M USD198.5M USD137.7M USD
Gross profit61.94M USD60.19M USD52.38M USD48.83M USD39.38M USD
Selling, general, and administrative80.84M USD57.85M USD51.11M USD42.84M USD29.82M USD
Operating expenses80.84M USD58.28M USD51.11M USD53.23M USD30.63M USD
Interest income748K USD375K USD92K USD328K USD227K USD
Interest expense12.79M USD8.93M USD7.01M USD8.26M USD5.18M USD
Depreciation and amortization12.34M USD4.36M USD2.8M USD4.16M USD1.86M USD
Operating income−18.9M USD1.91M USD1.26M USD−4.41M USD8.76M USD
Net income77.98M USD−6.14M USD−6.82M USD−12.3M USD10.93M USD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-5.86

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates31.5218.144.75-8.63Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 12, 2024: actual 0.91, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 12, 2025: actual -0.47, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 27, 2025: actual -2.55, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 13, 2025: actual -0.61, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 12, 2025: actual 1.61, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 13, 2026: actual -0.91, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Jun 29, 2026: actual 28.75, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 14, 2026: actual -5.86, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates125.78M103.62M81.47M59.31MQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 12, 2024: actual 81.24M USD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 12, 2025: actual 77.88M USD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 27, 2025: actual 66.32M USD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 13, 2025: actual 70.87M USD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 12, 2025: actual 64.15M USD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 13, 2026: actual 71.13M USD, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Jun 29, 2026: actual 120.94M USD, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 14, 2026: actual 115.46M USD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.30

2013 complete year-9.1% since 2009

Corporate action history

Dividend

Ex-dividend Jun 5, 2013

$0.30

Annual

Record Jun 7, 2013 · Payment Jun 28, 2013

Dividend

Ex-dividend Jun 6, 2012

$0.25

Annual

Record Jun 8, 2012 · Payment Jun 29, 2012

Dividend

Ex-dividend Jun 1, 2011

$0.25

Annual

Record Jun 3, 2011 · Payment Jun 24, 2011

Dividend

Ex-dividend Jun 2, 2010

$0.33

Annual

Record Jun 4, 2010 · Payment Jun 25, 2010

Dividend

Ex-dividend Jun 3, 2009

$0.33

Annual

Record Jun 5, 2009 · Payment Jun 26, 2009

Dividend

Ex-dividend Jun 4, 2008

$0.30

Annual

Record Jun 6, 2008 · Payment Jun 27, 2008

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