Air T Inc
AIRT Nasdaq· Air Courier Services
Last close · Oct 26, 2026
$25.68
KIRA · Stoqly’s AI analyst, in plain words
- Air T Inc had $327M of revenue in fiscal 2026, up 12.1% on the year before. Over five years, revenue changed +13.3% a year on average.
- Its operating margin was −3.4%, down 4.1 pts: of every 100 in sales, about −3 is left after running the business.
- Air T Inc made $78.0M of net profit in fiscal 2026.
- Free cash flow was −$41.5M in fiscal 2026, −12.7% of revenue.
- Air T Inc returned $0.0M to shareholders in fiscal 2026. The diluted share count fell 1.7%.
- Air T Inc owes $187M more than it holds in cash, about 163.5 years of operating profit.
Market cap
$69.2M
P/E
1.1x
Revenue
$327M
Net income
$78.0M
Free cash flow
−$41.5M
Operating margin
−3.4%
Air T Inc in 30 seconds · fiscal 2026
Are sales growing?
+12.1%
Yes. Sales grew 12.1% last year.
Does it make a profit?
23.8%
Yes. It keeps 23.8% of every sale as profit.
Does profit turn into cash?
−12.7%
No. It spent more cash than it brought in.
Is debt under control?
163.5x
Heavy. Repaying its debt would take 163.5 years of operating profit.
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
How is the share priced?
1.1x
One share costs 1.1 times its yearly profit per share.
What Air T Inc does
No business description yet.
- Fiscal year ends
- March 31, 2026
- Latest annual report
- 10-K · Jun 29, 2026
- Legal name
- AIR T INC
- CIK
- 0000353184
Air T Inc · AIRT
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $177M | $247M | $287M | $292M | $327M |
| Revenue growth | 1.1% | 39.7% | 16.0% | 1.7% | 12.1% |
| Operating margin | 4.9% | −1.8% | 0.4% | 0.7% | −3.4% |
| Net income | $10.9M | −$12.3M | −$6.8M | −$6.1M | $78.0M |
| Net margin | 6.2% | −5.0% | −2.4% | −2.1% | 23.8% |
| Diluted EPS | $3.78 | −$4.32 | −$2.42 | −$2.23 | $28.85 |
| Cash | |||||
| Cash from operations | −$33.1M | $16.9M | $17.2M | $23.5M | −$25.0M |
| Capital expenditure | $1.5M | $1.2M | $1.1M | $1.1M | $16.5M |
| Free cash flow | −$34.6M | $15.7M | $16.1M | $22.4M | −$41.5M |
| FCF margin | −19.5% | 6.4% | 5.6% | 7.7% | −12.7% |
| Share buybacks | — | — | $0.9M | $1.4M | $0.0M |
| Share count change | 0.2% | −1.4% | −1.1% | −2.3% | −1.7% |
| Debt and strength | |||||
| Cash and short-term investments | $6.5M | $5.8M | $7.6M | $6.4M | $21.4M |
| Debt incl. finance leases | $136M | $125M | $113M | $110M | $208M |
| Deposits | $2.9M | $2.6M | $1.4M | $0.5M | $0.8M |
| Shareholders' equity | $24.6M | $11.9M | $4.8M | −$3.2M | $79.8M |
| Net debt / EBITDA | 12.2x | — | 25.9x | 16.6x | 163.5x |
| Current ratio | 4.1x | 1.8x | 2.2x | 1.6x | 1.7x |
| Interest coverage | 1.8x | −0.6x | 0.2x | 0.2x | −0.9x |
| Returns and quality | |||||
| Return on capital | 5.2% | −2.7% | 0.9% | 1.5% | −4.1% |
| Return on equity | 57.0% | −67.3% | −81.8% | −790.2% | 203.6% |
| Return on tangible equity | 890.6% | — | — | — | 141.9% |
| Piotroski F-score | 3 | 4 | 7 | 6 | 5 |
| Altman Z'' | 3.9 | 2.0 | 2.3 | 1.3 | 1.8 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Air T Inc · AIRT
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $25.68 a share, the company is worth $69.2M: 1.1 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0000353184). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.