Air T, Inc.

Air T, Inc.

AIRTยทNASDAQ

$22.50

+4.7%
IndustrialsIntegrated Freight & Logistics

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.

At a Glance

Live Snapshot
Market Cap$60.81M
EPS-2.2300
P/E Ratio-10.09
Earnings Date02/13/2026
3Y-171.0%
5Y-194.0%
10Y+631.0%
3Y-40.0%
5Y-335.0%
10Y+283.0%
3Y-108.0%
5Y-125.0%
10Y-20.0%
AIRT

Air T, Inc. Cash Conversion Engine

AIRT ยท NASDAQ
Net Income-5.41M
Depreciation & Amortization4.36M
Stock-Based Compensation0.00
Change in Working Capital22.42M
Others2.13M
Capital Expenditures-15.68M
Free Cash Flow7.82M

Cash Flow Quality Analysis

FCF Conversion Rate

-144.5%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

66.7%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

-51.5%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$22.42M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.

Air T, Inc. Cash Flow Statement

AIRT โ€ข NASDAQ

Air T, Inc. Cash Flow StatementMar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010Mar 2009Mar 2008Mar 2007Mar 2006
OPERATING ACTIVITIES
-5.4M
-4.7M
-11.8M
12.2M
-8.4M
3.2M
3.2M
2.5M
-4.9M
3.8M
2.5M
1.5M
1.7M
1.4M
2.1M
3.8M
4.4M
3.4M
2.5M
2.1M
4.4M
2.8M
4.2M
1.9M
3.1M
5.7M
7.7M
2.7B
3.2B
1.3B
856.9K
752.4K
532.8K
278.4K
365.9K
415.1K
437.7K
472.5K
665.8K
683.1K
0.0
0.0
0.0
-400K
0.0
0.0
-1.2B
-10.6M
-659M
90.5M
-372M
911M
25M
405K
5K
461K
-105K
10.3K
-123.3K
187K
0.0
0.0
0.0
400K
0.0
0.0
0.0
0.0
0.0
29.3K
9K
23.2K
13K
1.5K
4.8K
134.1M
339.3M
333.2M
305.4M
0.0
2.1M
800K
7.1M
-6.7M
6M
-5.2M
130.9K
-667.6K
-151.4K
-1.3B
370.8M
-910.7M
-24.9M
611.1K
125.9K
-133.9M
-339M
-333M
-304.7M
-2.1M
(983K)
(917K)
(1M)
(429K)
(477K)
(1.5M)
(527K)
(1.7M)
(1.1M)
(2.8M)
(737K)
(755K)
(675K)
(1.1M)
(887K)
(1.7M)
(2.9M)
(2.1M)
(1.2M)
(473.1K)
22.4M
18.3M
17.4M
-40.5M
-2.5M
-28.7M
10.6M
-3.2M
-10.2M
-1.3M
5.8M
-3.1M
2.1M
-1.9M
-7.2M
645K
1.8M
-3.8M
-1.4M
-693K
23.5M
17.2M
16.9M
-33.1M
-1.8M
-25.1M
20.9M
-277.8K
-7.6M
3.2M
8M
-554.6K
4.4M
752.3K
-4.5M
5.5M
6.9M
277.1K
2.5M
530.4K
INVESTING ACTIVITIES
-15.7M
-1.1M
-1.2M
-1.6M
-6M
-38.7M
-20.5M
-20.2M
-2.3M
-1M
-1.9M
-1.3M
-375K
-1M
-255.5K
-127.9K
-215.2K
-477.8K
-197.9K
-362.6K
-7M
-4.6M
-5.6M
-19.6M
-536K
-3.3M
-3.6M
-4.7M
-4.6M
(78K)
(1.9B)
(1.3B)
(0.0)
(0.0)
(255.3M)
(127.9M)
(215.2M)
(1M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-6.8M
-659K
-626K
-2.1M
-2.8M
-2.7M
-4.5M
-4.5M
-1.7M
(0.0)
(0.0)
-21K
-1.3M
-7.7M
-2.2M
(0.0)
(0.0)
0.0
0.0
0.0
815K
2.5M
239K
889.8K
720.5K
6M
226.8K
515K
274.5K
0.0
51K
2.2M
900.0
8.7M
1M
0.0
0.0
2.5M
3.2M
572K
-6.2M
7.3M
51M
2.3M
624.6K
-63.4K
-44.3K
-1.9B
-1.3B
8K
45.2K
-255.1M
-127.9M
-215.2M
-1M
0.0
7.1K
-20.2M
-2.5M
-6.2M
-33.4M
(2.5M)
(8.6M)
-23M
-26.4M
-3.7M
-5.3M
-2.6M
-2.7M
-367K
-905.5K
(2.1M)
-1.4M
(804.4K)
-1.6M
-197.9K
-355.4K
FINANCING ACTIVITIES
-1.4M
-876K
0.0
11.3M
1.3M
0.0
-744.2K
0.0
-7.9M
0.0
0.0
-1.1M
0.0
0.0
-391.0
-1.7K
-122.0
-712.9K
-1.3M
0.0
-5M
-21.2M
-10.9M
45.2M
1M
15.3M
9.6M
30M
16.6M
-6M
5M
0.0
0.0
-8.3K
-12.4K
-460.7K
-134.9K
-154.7K
-77K
-202.7K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-733.9K
-611.6K
-611.6K
-802.3K
-800.1K
-727.1K
-610.9K
-667.8K
-667.6K
-1.4M
-876K
(0.0)
(0.0)
(0.0)
(0.0)
-744.2K
(0.0)
-7.9M
(0.0)
(0.0)
-1.1M
(0.0)
(0.0)
-391.0
-1.7K
-122.0
-712.9K
-1.3M
(0.0)
1.7M
8.2M
-1.5M
2.7M
-2.3M
4M
719.2K
-1.2M
0.0
0.0
20.4K
-369.1K
0.0
72.2K
0.0
58K
6.4K
0.0
-39.9K
-99.9K
-4.8M
-13.9M
-12.4M
59.3M
71K
19.2M
9.5M
28.7M
8.7M
-6M
5M
-2.2M
-611.6K
-547.6K
-815.1K
-1.2M
-855.7K
-1.5M
-2.1M
-970.2K
CASH FLOW SUMMARY
408K
-16K
361K
-341K
-412K
260K
95.7K
-3.3K
-16K
1.9K
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-1.1M
753K
-1.3M
-7.6M
356K
3M
7.6M
2M
-2.6M
-8M
10.4M
-5.4M
3.4M
-700.9K
-3.3M
2.9M
6.8M
-2.8M
193.1K
-795.2K
7.8M
7.1M
8.4M
15.9M
15.6M
12.5M
5.1M
2.8M
5.3M
13.4M
3.8M
9.2M
5.8M
6.5M
9.8M
6.9M
51.9K
2.9M
2.7M
3.5M
6.8M
7.8M
7.1M
8.4M
15.9M
15.6M
12.6M
4.8M
2.8M
5.3M
14.2M
3.8M
9.2M
5.8M
6.5M
9.8M
6.9M
51.9K
2.9M
2.7M
7.8M
16.1M
15.7M
-34.6M
-7.8M
-63.8M
467.1K
-20.5M
-9.9M
2.2M
6M
-1.8M
4M
-249.5K
-4.8M
5.4M
6.6M
-200.7K
2.3M
167.9K

SEC Filings

AIRT - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

March 23, 2026
March 23, 2026
2026
8-K/A

8-K/A 2026 (Amended)

N/A

March 10, 2026
March 10, 2026
2026
8-K

8-K 2026

N/A

March 10, 2026
March 10, 2026
2026
8-K

8-K 2026

N/A

March 09, 2026
March 09, 2026
2026
8-K

8-K 2026

N/A

March 04, 2026
March 04, 2026
2026
8-K/A

8-K/A 2026 (Amended)

N/A

March 04, 2026
March 04, 2026
2026
8-K

8-K 2026

N/A

February 13, 2026
February 13, 2026
2026
8-K

8-K 2026

N/A

February 13, 2026
February 13, 2026
2026
10-Q

10-Q 2025 Q4

Q4

February 13, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 05, 2026
February 05, 2026
2026
Showing 1 to 10 of 411 filings