Air Industries Group (AIRI)
XASE:AIRI
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Air Industries Group
(NYSE MKT:AIRI)
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Rating:47Neutral
Price Target:
$3.00
▼(-2.91% Downside)
Action:Reiterated
Date:06/13/26
The score is held down primarily by weak financial performance (recurring losses and negative/volatile free cash flow). Technical indicators are neutral-to-slightly soft and do not provide a strong offset, while valuation is constrained by negative earnings. A positive corporate event improves deal clarity but is not enough to materially lift the overall profile.
Positive Factors
Improving Gross Margins
Sustained gross margin expansion toward ~22% indicates better cost control or a higher-value mix of work. Over 2–6 months this supports leverage of fixed costs, improves the pathway to operating profitability if revenue stabilizes, and makes margins more resilient to input-cost swings.
Negative Factors
Recurring Net Losses
Persistent net losses erode equity and limit retained-capital accumulation, forcing reliance on external financing or equity issuance. Over months this constrains investment in productivity, increases vulnerability to program delays, and undermines the company's long-term ability to generate shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Gross Margins
Sustained gross margin expansion toward ~22% indicates better cost control or a higher-value mix of work. Over 2–6 months this supports leverage of fixed costs, improves the pathway to operating profitability if revenue stabilizes, and makes margins more resilient to input-cost swings.
Read all positive factors
Air Industries Group (AIRI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$14.60M
Dividend YieldN/A
Average Volume (3M)46.22K
Price to Earnings (P/E)―
Beta (1Y)0.83
Revenue Growth-10.90%
EPS Growth33.80%
CountryUS
Employees184
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)-0.24
Shares Outstanding4,850,658
10 Day Avg. Volume53,751
30 Day Avg. Volume46,216
Financial Highlights & Ratios
PEG Ratio0.33
Price to Book (P/B)0.76
Price to Sales (P/S)0.31
P/FCF Ratio-3.14
Enterprise Value/Market Cap2.71
Enterprise Value/Revenue0.83
Enterprise Value/Gross Profit4.61
Enterprise Value/Ebitda10.24
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.35
Revenue Forecast (FY)$50.00M
Air Industries Group Business Overview & Revenue Model
Company Description
Air Industries Group operates as an aerospace and defense enterprise, concentrating on the development, fabrication, and sale of crucial structural components and assemblies for essential aerospace and defense uses. The company also serves as a pr...
How the Company Makes Money
Air Industries Group makes money primarily by manufacturing and delivering aerospace and defense components and assemblies to customers under contract, recognizing revenue as products are shipped/delivered and/or as performance obligations are sat...
Air Industries Group Earnings Call Summary
Earnings Call Date:Nov 14, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted significant improvements in profitability and operational efficiency, while also noting increased debt and inventory levels. The company's strong backlog and demand from customers were positive signals, though the increased financial liabilities present some challenges.Positive Updates
Improved Financial Performance
Net sales for Q3 2025 were $10.3 million with a gross profit of $2.3 million or 22.3% of sales, showing a significant improvement in profitability.
Negative Updates
Increased Debt
Total debt increased by approximately $2.4 million.
Read all updates
Q3-2025 Updates
Positive
Negative
Improved Financial Performance
Net sales for Q3 2025 were $10.3 million with a gross profit of $2.3 million or 22.3% of sales, showing a significant improvement in profitability.
Read all positive updates
Company Guidance
During the Air Industries Group's third-quarter 2025 earnings call, the company reported substantial improvements in its financial performance. Net sales reached $10.3 million, with a gross profit of $2.3 million, representing 22.3% of sales, a result of effective cost reduction initiatives. Operating income was $316,000, and the net loss narrowed significantly to $44,000 or $0.01 per share, compared to a loss of $404,000 in the same quarter of 2024. Adjusted EBITDA for the nine months ended September 30, 2025, rose nearly 5% to $2.7 million. Despite an increase in total debt by $2.4 million and inventories by $5.6 million, accounts receivable decreased by $2.1 million, while accounts payable rose by $2 million. The company remains focused on finalizing lender discussions and optimizing its capital structure, while maintaining strong backlog levels and healthy demand from both existing and new customers.Air Industries Group Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
58
Neutral
Cash Flow
22
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 47.92M | 55.11M | 51.52M | 53.24M | 58.94M |
| Gross Profit | 8.19M | 8.93M | 7.43M | 7.45M | 10.25M |
| EBITDA | 3.78M | 3.45M | 2.75M | 3.33M | 6.19M |
| Net Income | -1.30M | -1.37M | -2.13M | -1.08M | 1.63M |
Balance Sheet | |||||
| Total Assets | 58.33M | 51.01M | 50.72M | 53.81M | 53.42M |
| Cash, Cash Equivalents and Short-Term Investments | 680.00K | 753.00K | 346.00K | 281.00K | 627.00K |
| Total Debt | 30.81M | 27.87M | 25.77M | 28.51M | 27.29M |
| Total Liabilities | 40.10M | 36.06M | 35.52M | 36.98M | 36.04M |
| Stockholders Equity | 19.20M | 14.95M | 15.19M | 16.84M | 17.39M |
Cash Flow | |||||
| Free Cash Flow | -4.67M | -1.98M | 2.74M | -1.91M | 2.70M |
| Operating Cash Flow | -1.35M | 324.00K | 4.86M | 448.00K | 4.06M |
| Investing Cash Flow | -3.12M | -2.29M | -2.11M | -2.36M | -1.36M |
| Financing Cash Flow | 8.33M | 2.37M | -2.69M | 1.57M | -4.58M |
Air Industries Group Technical Analysis
Negative
3.09
Price Trends
3.05
Negative
3.16
Negative
3.15
Negative
Market Momentum
<0.01
Negative
47.32
Neutral
19.05
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AIRI, the sentiment is Negative. The current price of 3.09 is above the 20-day moving average (MA) of 3.04, above the 50-day MA of 3.05, and below the 200-day MA of 3.15, indicating a bearish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 47.32 is Neutral, neither overbought nor oversold. The STOCH value of 19.05 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AIRI.
Air Industries Group Risk Analysis
Air Industries Group disclosed 53 risk factors in its most recent earnings report. Air Industries Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Air Industries Group Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $128.21M | 16.75 | 19.42% | ― | 4.95% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | $67.11M | 35.50 | 6.74% | ― | -7.98% | -7.88% | |
50 Neutral | $67.72M | -0.33 | -1651.00% | ― | 1436.93% | 98.31% | |
47 Neutral | $14.60M | -12.43 | -11.98% | ― | -10.90% | 33.80% | |
46 Neutral | $20.28M | -1.40 | -81.85% | ― | 11.63% | 0.61% | |
44 Neutral | $165.00M | -0.18 | -401.62% | ― | 108.16% | 85.58% |
* Industrials Sector Average
AIRI
Air Industries Group
3.02
-0.35
-10.39%
ASTC
Astrotech
11.78
5.79
96.66%
CVU
CPI Aerostructures
4.98
1.94
63.82%
SIF
SIFCO Industries
20.28
16.77
477.78%
XTIA
XTI Aerospace
1.71
-1.08
-38.71%
MNTS
Momentus
8.23
-17.12
-67.53%
Air Industries Group Corporate Events
Business Operations and StrategyM&A Transactions
Air Industries Amends Tenax Merger Terms After Customer Advance
Positive
Jun 12, 2026
On June 8, 2026, Air Industries Group amended its February 16, 2026 merger agreement with Tenax Aerospace Acquisition, LLC and Transitory Air Sub LLC to revise the definition of AIR Net Indebtedness, aiming to reduce the impact of a recent custome...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.