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Air T
(NASDAQ:AIRT)
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Rating:59Neutral
Price Target:
$30.00
▼(-6.69% Downside)
Action:Reiterated
Date:09/06/26
The score is held back primarily by weak cash flow, negative operating profit, and elevated leverage/limited balance-sheet cushion. Offsetting these risks are a constructive technical uptrend and a very low P/E, with corporate events modestly supportive due to strengthened liquidity.
Positive Factors
Revenue Growth
Strong recent revenue expansion indicates continued demand across Air T’s operating portfolio and provides a broader base for future earnings improvement. If growth persists beyond acquisition-related effects, higher scale could support better asset utilization, network development, and subsidiary-level operating leverage.
Negative Factors
Weak Core Operating Profitability
Negative EBIT shows that higher sales are not yet translating into sustainable profitability from core operations. Lower gross margin further pressures the economics of each dollar of revenue, limiting internally generated funds for fleet investment, acquisitions, debt service, and other strategic priorities.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Strong recent revenue expansion indicates continued demand across Air T’s operating portfolio and provides a broader base for future earnings improvement. If growth persists beyond acquisition-related effects, higher scale could support better asset utilization, network development, and subsidiary-level operating leverage.
Read all positive factors
Air T (AIRT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$81.93M
Dividend Yield4.62%
Average Volume (3M)47.66K
Price to Earnings (P/E)1.3
Beta (1Y)0.30
Revenue Growth25.44%
EPS GrowthN/A
CountryUS
Employees1,666
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)23.60
Shares Outstanding2,681,748
10 Day Avg. Volume46,985
30 Day Avg. Volume47,657
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.74
Price to Sales (P/S)0.18
P/FCF Ratio-1.42
Enterprise Value/Market Cap4.04
Enterprise Value/Revenue0.89
Enterprise Value/Gross Profit5.23
Enterprise Value/Ebitda3.05
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Air T Business Overview & Revenue Model
Company Description
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 ...
How the Company Makes Money
Air T makes money primarily through subsidiary-level operating revenue and, to a lesser extent, income tied to investments/holdings when applicable. Key revenue streams include: (1) Contract air cargo services: revenue generated by operating aircr...
Air T Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
34
Negative
Cash Flow
22
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 371.68M | 327.09M | 291.85M | 286.83M | 247.32M | 177.08M |
| Gross Profit | 63.29M | 61.94M | 60.19M | 52.38M | 48.83M | 39.38M |
| EBITDA | 108.58M | 110.66M | 7.97M | 5.53M | 741.00K | 20.06M |
| Net Income | 63.81M | 77.98M | -6.14M | -6.82M | -12.29M | 10.93M |
Balance Sheet | ||||||
| Total Assets | 469.06M | 409.12M | 173.78M | 177.17M | 189.56M | 207.60M |
| Cash, Cash Equivalents and Short-Term Investments | 17.91M | 21.36M | 6.35M | 7.10M | 5.81M | 6.47M |
| Total Debt | 264.78M | 224.70M | 129.12M | 125.20M | 137.52M | 143.99M |
| Total Liabilities | 385.90M | 317.90M | 168.24M | 158.37M | 163.87M | 171.12M |
| Stockholders Equity | 65.20M | 79.81M | -3.22M | 4.77M | 11.90M | 24.61M |
Cash Flow | ||||||
| Free Cash Flow | -49.77M | -41.53M | 7.82M | 16.10M | 15.73M | -34.64M |
| Operating Cash Flow | -26.78M | -25.04M | 23.50M | 17.18M | 16.91M | -33.08M |
| Investing Cash Flow | -63.10M | -21.80M | -20.19M | -2.50M | -6.17M | -33.39M |
| Financing Cash Flow | 95.12M | 65.40M | -4.80M | -13.91M | -12.38M | 59.25M |
Air T Technical Analysis
Positive
32.15
Price Trends
30.38
Positive
27.43
Positive
24.55
Positive
Market Momentum
0.06
Negative
52.94
Neutral
83.60
Negative
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 32.15 is above the 20-day moving average (MA) of 29.85, above the 50-day MA of 30.38, and above the 200-day MA of 24.55, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 52.94 is Neutral, neither overbought nor oversold. The STOCH value of 83.60 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AIRT.
Air T Risk Analysis
Air T disclosed 67 risk factors in its most recent earnings report. Air T 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 T Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $46.42M | 3.70 | 9.09% | ― | 14.87% | 6.57% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | $81.93M | 1.33 | 177.36% | 4.62% | 25.44% | ― | |
49 Neutral | $100.43M | -2.58 | -12.39% | ― | 6.84% | -306.04% | |
43 Neutral | $78.44M | -1.34 | -440.71% | ― | ― | ― |
* Industrials Sector Average
AIRT
Air T
30.55
8.95
41.44%
ATXG
Addentax Group
3.02
-12.43
-80.45%
PSIG
PS International Group
5.10
0.35
7.37%
SFWL
Shengfeng Development Limited Class A
8.44
-5.67
-40.17%
PAL
Proficient Auto Logistics, Inc.
3.58
-2.47
-40.83%
NCEW
New Century Logistics (BVI) Ltd.
16.80
12.16
262.07%
Air T Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Air T Expands Credit Facility and Strengthens Liquidity
Positive
Sep 4, 2026
On September 1, 2026, Air T, Inc. and a group of its aviation services subsidiaries amended their existing credit agreement with Alerus Financial, raising the revolving credit commitment from $20 million to $25 million and extending its maturity t...
Executive/Board ChangesShareholder Meetings
Air T Shareholders Back Board, Executive Pay and Auditor
Positive
Aug 28, 2026
On August 25, 2026, Air T held its 2026 Annual Meeting of Stockholders, with 2,483,550 shares represented, corresponding to a strong turnout of 92.1% of the common stock outstanding and entitled to vote. Shareholders elected directors Raymond E. C...
Business Operations and StrategyStock BuybackFinancial DisclosuresM&A TransactionsShareholder Meetings
Air T Highlights Q1 Results and Investor Engagement Plans
Neutral
Aug 14, 2026
In the fiscal 2027 first quarter ended June 30, 2026, Air T, Inc. reported revenue of $115.5 million, up 63% year on year, but swung to an operating loss of $12.8 million and saw quarterly adjusted EBITDA fall 45% to $0.8 million. On a trailing tw...
Private Placements and FinancingRegulatory Filings and Compliance
Air T Announces New At-The-Market Stock Offering
Neutral
Jul 10, 2026
On July 10, 2026, Air T, Inc. entered into an at-the-market offering agreement with Ascendiant Capital Markets, LLC, allowing the company to issue and sell up to $8 million of its common stock from time to time through the agent or directly in var...
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.