Air T, Inc.
AIRT · Price history
Price at last available close
$25.82
−$2.66 (-9.34%) 1M
2026-10-27
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Company & revenue
About Air T, Inc.
Primary reporting period: 2026-03-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
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 equipment, comprehensive solutions for commercial aircraft, engines, and parts, and services for printing equipment maintenance. The company's Overnight Air Cargo division specializes in expedited air freight delivery.
How they make money
Air T, Inc. is a holding company that operates a decentralized portfolio of aviation-related businesses. It generates revenue by providing overnight air cargo services, manufacturing ground support equipment, trading commercial aircraft and parts, operating a regional airline, and offering digital solutions.
Products & services
Overnight air cargo services, mobile deicing trucks, specialized ground support equipment, commercial aircraft and engine parts, regional airline passenger services, and digital aviation software solutions.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
Disclosed major customers
- FedExSource
Customer concentration
The overnight air cargo segment relies on dry-lease arrangements with FedEx, which accounted for approximately 35% of consolidated revenue for the fiscal year ended March 31, 2026.
Suppliers, materials & equipment
- Aviation parts and raw material manufacturers — Various manufacturers providing aircraft components, engines, and raw materials for ground support equipment; specific supplier names are not disclosed.Source
Strengths
Sources
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Total debt increased 86.6% versus the same quarter last year.
Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
55
Fair
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
56
Fair
Financial Strength
30
Business Quality / Moat
97
Management
69
Growth Quality
52
Risk / Durability
10
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
76
Fair
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
71/100
Building Historical Record
Model Score 71/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as relatively attractive.
The model outlook is currently positive.
- •Asset quality scores strongly
- •Valuation scores attractively
- •Recent buyback activity is present
- •Elevated debt risk
- •M&A headline · Aug 14, 2026
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for AIRT
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can AIRT maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •How long can AIRT fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Is AIRT's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •Is AIRT's valuation discount tied to a temporary concern or to a longer-term business risk?
- •What does the current fundamental change risk warning mean for the reliability or interpretation of AIRT's score?
Essential Investment Snapshot
Wall Street Score
55
Opportunity Score
76
Market Cap
$69.6M
P/E Ratio
1.2
EPS
$23.60
52-Week High
$35.00
52-Week Low
$18.35
Beta
0.28
Intrinsic Value
$661.55
Shares Outstanding
2.7M
Total Revenue
$371.7M
Total Debt
$264.8M
Dividend
No current dividend
Liquidation Value / Share
$30.77
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for AIRT
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Elevated debt risk
Interest coverage is below 2x • Free cash flow is negative • Cash covers less than 20% of total debt
M&A headline · Aug 14, 2026
Air T, Inc. Continues Track Record of Growth in First Quarter Fiscal 2027: Crestone Completes Acquisition of Arena — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
AccesswireCommunity Sentiment
0 active · 0 total callsNo personal call yet on AIRT.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Diversified portfolio of aviation-related operating businesses.
- +Long-standing contractual relationships with major cargo carriers.
Potential downside factors
- −Debt risk (elevated): Interest coverage is below 2x.
- −Free cash flow is negative.
- −Cash covers less than 20% of total debt.
- −High customer concentration and reliance on FedEx.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
5 historical score records availablePrevious Score
68
Sep 8, 2026
Change
-13.0
points
Current Score
55
Oct 1, 2026
Category Changes
AIRT decreased 13 points because some fundamentals weakened.
Projected Score
Projected Score
58
Projected Change
+2.6 points
Preliminary comparable-period financial changes suggest improvement of approximately 2.6 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Review model assumptionsThis model estimate is more than three times the share price.
This is a formula-based estimate, not a verified fair value or price target. Check the earnings and growth assumptions.
Stored EPS: $23.60 · Growth assumption: 6.8% · Earnings multiplier: 22.1×.
Current Price
$25.82
Model Intrinsic Value
$661.55
Difference
−$635.73
-96.1% vs IV
Margin of Safety
96.1%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $371.7M | $327.1M | $291.9M | $286.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $308.4M | $265.1M | $231.7M | $234.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $63.3M | $61.9M | $60.2M | $52.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $95.5M | $80.8M | $57.8M | $51.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $91.8M | $80.8M | $58.3M | $51.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $108.6M | $110.7M | $8.0M | $5.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$28.5M | -$18.9M | $1.9M | $1.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $15.4M | $12.8M | $8.9M | $7.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $71.8M | $86.0M | -$5.0M | -$4.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $2.2M | $1.4M | $423K | $729K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $63.8M | $78.0M | -$6.1M | -$6.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $23.60 | $28.85 | $-2.23 | $-2.42 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 2.70M | 2.70M | 2.75M | 2.82M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 2.70M | 2.70M | 2.75M | 2.82M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$115.5M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$5.86
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+86.6%
Cash Change
+15.3%
Margin Change
-11.4 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
What Weakened
- Margins contracted
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, EPS growth, cash levels. Pressure indicators included debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 62.9%. EPS increased 860.7%. Cash increased 15.3%. Total debt increased 86.6%. Net income margin declined by 11.4 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
5 historical recordsHistorical Score Chart
3 of 5 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Air T, Inc. Continues Track Record of Growth in First Quarter Fiscal 2027: Crestone Completes Acquisition of Arena
Rumor Mill · AIRT
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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