Air T (AIRT) AI Stock Analysis

• Market Cap: $59.03M
• Dividend Yield: N/A
• Average Volume (3M): 1.94K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.13
• Revenue Growth: 1.75%
• EPS Growth: 5.85%
• Country: US
• Employees: 624
• Sector: Industrials
• Sector Strength: 89
• Industry: Integrated Freight & Logistics
• EPS (TTM): -2.60
• Shares Outstanding: 2,702,639
• 10 Day Avg. Volume: 3,847
• 30 Day Avg. Volume: 1,943
• PEG Ratio: 0.01
• Price to Book (P/B): -18.91
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 2.64
• Enterprise Value/Market Cap: 3.12
• Enterprise Value/Revenue: 0.19
• Enterprise Value/Gross Profit: 9.61
• Enterprise Value/Ebitda: 4.80
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 63 Neutral
• Price Target: $23.50 ▲(4.44%Upside)

Air T's overall stock score reflects a balance between technical strength and corporate growth initiatives against financial and valuation challenges. Positive corporate events and bullish technical signals boost the score, but financial instability and poor valuation metrics limit the upside potential.

Air T Business Overview & Revenue Model

Company Description

Air T, Inc., through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts, and printing equipment and maintenance services in the United States and internationally. The company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2022, this segment had 72 aircraft under the dry-lease agreements with FedEx. Its Ground Equipment Sales segment manufactures, sells, and services aircraft deicers, scissor-type lifts, military and civilian decontamination units, flight-line tow tractors, glycol recovery vehicles, and other specialized equipment. This segment sells its products to passenger and cargo airlines, ground handling companies, the United States Air Force, airports, and industrial customers. Its Commercial Aircraft, Engines and Parts segment offers commercial aircraft trading, leasing, and parts solutions; commercial aircraft storage, storage maintenance, and aircraft disassembly/part-out services; commercial aircraft parts sales, exchanges, procurement services, consignment programs, and overhaul and repair services; and aircraft instrumentation, avionics, and a range of electrical accessories for civilian, military transport, regional/commuter and business/commercial jet, and turboprop aircraft. This segment also provides composite aircraft structures, and repair and support services. Air T, Inc. was incorporated in 1980 and is based in Denver, North Carolina.

How the Company Makes Money

Air T makes money through its diversified portfolio of business units, each generating revenue in distinct ways. The air cargo services segment provides contracted air transportation services, primarily for the overnight delivery of small parcels. Revenue is earned through long-term agreements with major logistics companies. The ground equipment sales and leasing segment generates income by selling and leasing equipment used in ground support operations at airports. This includes manufacturing and distributing deicing equipment and other ground support products. The manufacturing segment contributes to revenue by producing and selling specialty power units and other products. Air T's earnings are further supported by strategic partnerships and contracts with key industry players, ensuring stable revenue streams across its diverse operations.

Air T Financial Statement Overview

Summary

Air T's financial performance presents a mixed picture. The company shows positive revenue growth and strong operational cash flows. However, significant challenges persist due to high financial leverage, negative stockholders' equity, and profitability issues, which create financial instability.

Income Statement

Air T shows a moderate performance in its income statement. The revenue growth rate is positive year-over-year, indicating a recovering trend. Despite this, the company struggles with profitability, as evidenced by negative net profit margins for the latest periods. Gross profit margins have improved, yet EBIT and EBITDA margins remain low, showing challenges in operational efficiency.

Balance Sheet

The balance sheet reflects significant financial leverage, with a negative stockholders' equity in the most recent year, indicating potential solvency issues. The debt-to-equity ratio is high, exacerbating financial risk. Return on equity is also negative due to net losses, further highlighting profitability challenges. These factors suggest financial instability.

Cash Flow

Cash flow analysis reveals a positive trend with a notable increase in operating cash flow, indicating better cash generation from operations. However, free cash flow has decreased, reflecting increased capital expenditures. The operating cash flow to net income ratio is favorable, signaling strong cash earnings relative to accounting profits.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	291.85M	286.83M	247.32M	177.08M	175.12M
Gross Profit	60.19M	56.48M	48.83M	39.38M	31.67M
EBITDA	7.97M	5.85M	1.07M	20.43M	-4.03M
Net Income	-6.14M	-6.82M	-11.79M	10.93M	-8.39M
Balance Sheet
Total Assets	173.78M	177.17M	189.56M	207.60M	140.75M
Cash, Cash Equivalents and Short-Term Investments	6.35M	7.10M	5.81M	6.47M	12.40M
Total Debt	129.12M	125.20M	137.52M	143.99M	95.94M
Total Liabilities	168.24M	158.37M	163.87M	171.12M	119.44M
Stockholders Equity	-3.22M	4.77M	11.90M	24.61M	13.72M
Cash Flow
Free Cash Flow	7.82M	16.10M	15.73M	-34.64M	-7.82M
Operating Cash Flow	23.50M	17.18M	16.91M	-33.08M	-1.82M
Investing Cash Flow	-20.19M	-2.50M	-6.17M	-33.39M	2.52M
Financing Cash Flow	-4.80M	-13.91M	-12.38M	59.25M	71.00K

Air T Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 22.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AIRT, the sentiment is Positive. The current price of 22.5 is above the 20-day moving average (MA) of 21.06, above the 50-day MA of 18.96, and above the 200-day MA of 18.51, indicating a bullish trend. The MACD of 0.85 indicates Positive momentum. The RSI at 58.72 is Neutral, neither overbought nor oversold. The STOCH value of 63.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AIRT.

Air T Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$10.75B	15.65	5.18%	1.92%	3.09%	-27.41%
AIRT	63 Neutral	$59.03M	―	-790.22%	―	1.75%	5.85%
ATXG		$6.11M	―	-21.32%	―	―	―
SFWL	73 Outperform	$79.12M	7.28	9.67%	―	24.75%	5.52%
PSIG	52 Neutral	$10.42M	―	-5.73%	―	―	―
PAL	44 Neutral	$199.23M	―	-6.76%	―	―	―
NCEW		$19.69M	―		―	―	―

Air T Corporate Events

Air T Highlights Revenue Growth in Investor Update

Air T, Inc. has updated its investor presentation, highlighting a 2% revenue increase for the fiscal year ending March 31, 2025, compared to the previous year. The company reported revenues of $291.9 million and an adjusted EBITDA of $7.4 million. Key growth areas included overnight air cargo and digital solutions, while the commercial aircraft engines and parts segment saw a revenue decrease due to a lower supply of assets. The company’s strategic focus on empowering dynamic management and securing attractive returns on capital aims to drive long-term value creation.

Air T’s Subsidiary Sells Two Airbus Aircraft

On June 19, 2025, CASP Leasing I, LLC, a subsidiary of Contrail Aviation Support, LLC, entered into agreements to sell two Airbus aircraft to FTAI Aircraft Leasing Ireland (2025) DAC, with a total transaction value exceeding $25 million. The transactions are expected to close during the week of July 7, 2025, but are subject to various conditions, and there is no guarantee of completion on the anticipated dates. The agreements include representations and warranties that are not intended for reliance by third parties, as they are subject to important qualifications and limitations.

Air T Secures $100M Financing Agreement

On May 30, 2025, Air T, Inc. and its subsidiary AAM 24-1, LLC entered into new transaction documents with institutional investors, replacing previous financing agreements. The new agreement involves a Multiple Advance Senior Secured Note with a principal amount of up to $100 million, with an initial advance of $40 million and future advances scheduled through 2027. The note bears an annual interest rate of 8.5% and matures in 2035, with provisions for prepayment and reinvestment. This strategic refinancing aims to enhance Air T’s financial flexibility and strengthen its market position.

Air T Acquires Royal Aircraft Services

On May 15, 2025, Mountain Air Cargo, Inc., a subsidiary of Air T, Inc., acquired Royal Aircraft Services, LLC, which specializes in aircraft painting, maintenance, repair, and overhaul services. This acquisition will be integrated into MAC’s operations. To finance the acquisition, Air T and its subsidiaries amended their credit agreement with Alerus Financial, securing a term loan of $1,050,000, which matures in 2030.

Air T Updates Investor Presentation for Strategic Insights

Air T has updated its investor presentation to provide potential investors with the latest insights into its operations and strategic direction. This update is part of the company’s ongoing efforts to engage with stakeholders and provide transparency about its business model, which includes managing a diverse portfolio of aviation-related businesses. The presentation highlights Air T’s financial growth over the years, its strategic investments, and its decentralized organizational design, which allows for dynamic management and operational success. This move is expected to enhance Air T’s industry positioning and provide stakeholders with a clearer understanding of its market approach.

Air T Updates Investor Presentation for Growth Focus

Air T has updated its investor presentation and MAC Case Study to engage with potential investors, reflecting its strategic focus on aviation-related businesses. The company emphasizes its growth journey, showcasing a significant increase in revenue and assets over the past decade, and highlights its diversified portfolio, including investments in Cadillac Castings and Lendway. The release underscores Air T’s commitment to strategic investments and operational excellence, positioning it as a robust player in the aviation industry.