Air Industries Group (AIRI)
XASE:AIRI
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Air Industries Group
(NYSE MKT:AIRI)
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Rating:46Neutral
Price Target:
$3.00
▼(-2.91% Downside)
Action:ReiteratedDate:03/28/26
The score is held down mainly by weak and inconsistent fundamentals (continued net losses and unstable free cash flow) and bearish technical signals. Valuation is a partial offset with a low P/E, while the earnings call showed improving operations and the merger could add scale—but dilution and execution risk limit the upside in the near term.
Positive Factors
Material improvement in operating margins
The sharp step-up in 2025 operating margins and EBITDA indicates the company has executed cost controls and improved manufacturing efficiency. Durable margin expansion supports sustainable cash generation potential if volumes hold, improving resilience to revenue cyclicality and strengthening operating leverage over the medium term.
Negative Factors
Inconsistent free cash flow generation
Material volatility in free cash flow limits the firm's ability to self-fund investments, service debt, and absorb program timing shocks. Recurrent swings mean the company may remain reliant on external financing or strategic transactions to sustain growth, reducing financial flexibility and increasing refinancing risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Material improvement in operating margins
The sharp step-up in 2025 operating margins and EBITDA indicates the company has executed cost controls and improved manufacturing efficiency. Durable margin expansion supports sustainable cash generation potential if volumes hold, improving resilience to revenue cyclicality and strengthening operating leverage over the medium term.
Read all positive factors
Air Industries Group (AIRI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$14.87M
Dividend YieldN/A
Average Volume (3M)46.22K
Price to Earnings (P/E)―
Beta (1Y)0.84
Revenue Growth-6.77%
EPS Growth-192.82%
CountryUS
Employees184
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)0.03
Shares Outstanding4,781,054
10 Day Avg. Volume53,751
30 Day Avg. Volume46,216
Financial Highlights & Ratios
PEG Ratio0.33
Price to Book (P/B)<0.01
Price to Sales (P/S)0.31
P/FCF Ratio-3.14
Enterprise Value/Market Cap2.29
Enterprise Value/Revenue0.71
Enterprise Value/Gross Profit4.24
Enterprise Value/Ebitda7.71
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, an aerospace and defense company, designs, manufactures, and sells structural parts and assemblies for mission-critical aerospace and defense applications, and a prime contractor to the U.S. Department of Defense in the Unite...
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:May 14, 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
38
Negative
Balance Sheet
46
Neutral
Cash Flow
27
Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 47.90M | 55.11M | 51.52M | 53.24M | 58.94M |
| Gross Profit | 7.51M | 8.93M | 7.43M | 7.45M | 10.25M |
| EBITDA | 10.86M | 3.45M | 2.75M | 3.33M | 6.19M |
| Net Income | -1.30M | -1.37M | -2.13M | -1.08M | 1.63M |
Balance Sheet | |||||
| Total Assets | 58.33B | 51.01M | 50.72M | 53.81M | 53.42M |
| Cash, Cash Equivalents and Short-Term Investments | 680.00M | 753.00K | 346.00K | 281.00K | 627.00K |
| Total Debt | 702.00M | 27.87M | 25.77M | 28.51M | 27.29M |
| Total Liabilities | 39.13B | 36.06M | 35.52M | 36.98M | 36.04M |
| Stockholders Equity | 19.20B | 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
3.28
Negative
3.18
Positive
3.22
Negative
Market Momentum
-0.03
Positive
46.41
Neutral
65.94
Neutral
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 below the 20-day moving average (MA) of 3.24, below the 50-day MA of 3.28, and below the 200-day MA of 3.22, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 46.41 is Neutral, neither overbought nor oversold. The STOCH value of 65.94 is Neutral, 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 37 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 |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $94.47M | 4.74 | 9.39% | ― | -13.90% | 87.70% | |
49 Neutral | $5.96M | -0.37 | -54.89% | ― | 3.06% | -14.62% | |
46 Neutral | $14.87M | -11.24 | -11.98% | ― | -6.77% | -192.82% | |
44 Neutral | $66.95M | >-0.01 | -525.25% | ― | ― | ― | |
44 Neutral | $19.94M | -0.11 | ― | ― | -63.81% | 81.84% | |
42 Neutral | $45.57M | -59.93 | -2.26% | ― | -13.52% | -103.42% |
* Industrials Sector Average
AIRI
Air Industries Group
3.11
-0.06
-1.89%
ASTC
Astrotech
3.39
-2.61
-43.50%
CVU
CPI Aerostructures
3.45
-0.05
-1.43%
SIF
SIFCO Industries
15.20
12.63
490.29%
XTIA
XTI Aerospace
1.94
0.74
61.67%
MNTS
Momentus
3.48
-33.65
-90.63%
Air Industries Group Corporate Events
Business Operations and StrategyM&A Transactions
Air Industries and Tenax Announce Strategic Aerospace Merger
Positive
Feb 17, 2026
On February 16 and 17, 2026, Air Industries Group and Tenax Aerospace agreed to a strategic merger that will combine Air’s precision aerospace manufacturing with Tenax’s special mission aviation services into a single, diversified aero...
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.