Symbols / AIRTP Stock $19.25 +0.36% Air T, Inc.

Industrials • Conglomerates • United States • NGM
AIRTP (Stock) Chart
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About

Air T, Inc. provides overnight air cargo, ground equipment sale, and commercial jet engines and parts in the United States and internationally. The company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2025, this segment had 103 aircraft under the dry-lease agreements with FedEx. Its Ground Support Equipment 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. The company's 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 various electrical accessories for civilian, military transport, regional/commuter and business/commercial jet, and turboprop aircraft to airlines and commercial aircraft leasing companies. This segment also provides composite aircraft structures, and repair and support services, as well as aircraft service and maintenance services. Its Digital Solutions segment develops and provides digital aviation and other business services to customers within the aviation industry. Air T, Inc. was incorporated in 1980 and is based in Charlotte, North Carolina.

Stock Fundamentals
Scroll to Statements
Market Cap 463.71M Enterprise Value 232.80M Income -6.76M Sales 272.47M Book/sh -0.43 Cash/sh 14.05
Dividend Yield 10.39% Payout — Employees 646 IPO — P/E 57.29 Forward P/E —
PEG — P/S 1.70 P/B -44.46 P/C — EV/EBITDA -80.11 EV/Sales 0.85
Quick Ratio 0.48 Current Ratio 0.96 Debt/Eq 3589.47 LT Debt/Eq — EPS (ttm) 0.34 EPS next Y —
EPS Growth — Revenue Growth -8.70% Earnings — ROA -1.74% ROE -48.26% ROIC —
Gross Margin 23.23% Oper. Margin -5.31% Profit Margin -2.48% Shs Outstand 3.04M Shs Float 904.36K Short Float —
Short Ratio 3.11 Short Interest — 52W High 21.00 52W Low 15.81 Beta 0.35 Avg Volume 1.75K
Volume 450.00 Target Price — Recom None Prev Close $19.18 Price $19.25 Change 0.36%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$19.25
Latest analyst target
3. DCF / Fair value
$440.23
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$19.25
Low
—
High
—
Mean
—
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Total Revenue
291.85
+1.75%
286.83
+15.98%
247.32
+39.67%
177.08
Operating Revenue
291.85
+1.75%
286.83
+15.98%
247.32
+39.67%
177.08
Cost Of Revenue
231.66
-1.19%
234.46
+18.12%
198.50
+44.16%
137.69
Reconciled Cost Of Revenue
231.66
-1.19%
234.46
+18.12%
198.50
+44.16%
137.69
Gross Profit
60.19
+14.92%
52.38
+7.28%
48.83
+23.98%
39.38
Operating Expense
57.85
+13.17%
51.11
+12.63%
45.38
+52.21%
29.82
Selling General And Administration
57.85
+13.17%
51.11
+19.30%
42.84
+43.69%
29.82
General And Administrative Expense
57.85
+13.17%
51.11
+19.30%
42.84
+43.69%
29.82
Other Gand A
57.85
+13.17%
51.11
+19.30%
42.84
+43.69%
29.82
Other Operating Expenses
—
2.91
+14.65%
2.54
—
Total Expenses
289.51
+1.38%
285.57
+17.09%
243.88
+45.59%
167.51
Operating Income
2.34
+85.36%
1.26
-63.27%
3.44
-64.03%
9.56
Total Operating Income As Reported
1.91
+50.95%
1.26
+128.68%
-4.41
-150.34%
8.76
EBITDA
7.97
+44.17%
5.53
+646.42%
0.74
-96.31%
20.06
Normalized EBITDA
8.24
+49.12%
5.53
-35.65%
8.59
-31.52%
12.54
Reconciled Depreciation
4.36
+55.68%
2.80
-32.77%
4.16
+123.76%
1.86
EBIT
3.62
+32.38%
2.73
+179.89%
-3.42
-118.79%
18.20
Total Unusual Items
-0.27
-6800.00%
0.00
+100.05%
-7.85
-204.35%
7.52
Total Unusual Items Excluding Goodwill
-0.27
-6800.00%
0.00
+100.05%
-7.85
-204.35%
7.52
Special Income Charges
-0.43
0.00
+100.00%
-7.85
-204.35%
7.52
Other Special Charges
—
—
—
-8.33
Impairment Of Capital Assets
—
0.00
-100.00%
0.52
+1294.59%
0.04
Restructuring And Mergern Acquisition
0.43
0.00
—
—
Write Off
—
1.20
-83.68%
7.32
+853.65%
0.77
Net Income
-6.14
+9.96%
-6.82
+44.54%
-12.29
-212.51%
10.93
Pretax Income
-4.99
-26.12%
-3.96
+65.16%
-11.35
-184.75%
13.40
Net Non Operating Interest Income Expense
-8.55
-23.61%
-6.92
+12.79%
-7.93
-60.37%
-4.95
Interest Expense Non Operating
8.61
+28.68%
6.69
-15.68%
7.93
+64.98%
4.81
Net Interest Income
-8.55
-23.61%
-6.92
+12.79%
-7.93
-60.37%
-4.95
Interest Expense
8.61
+28.68%
6.69
-15.68%
7.93
+64.98%
4.81
Interest Income Non Operating
0.38
+307.61%
0.09
-71.95%
0.33
+44.49%
0.23
Interest Income
0.38
+307.61%
0.09
-71.95%
0.33
+44.49%
0.23
Other Income Expense
1.22
-28.10%
1.70
+124.80%
-6.86
-178.13%
8.78
Other Non Operating Income Expenses
-0.21
-2712.50%
0.01
+101.70%
-0.47
-138.57%
1.22
Gain On Sale Of Security
0.17
+4075.00%
0.00
—
—
Tax Provision
0.42
-41.98%
0.73
+68.75%
0.43
-63.05%
1.17
Tax Rate For Calcs
0.00
+0.00%
0.00
+0.00%
0.00
+141.38%
0.00
Tax Effect Of Unusual Items
-0.06
-6800.00%
0.00
+100.05%
-1.65
-351.87%
0.65
Net Income Including Noncontrolling Interests
-5.41
-15.52%
-4.68
+60.25%
-11.79
-196.39%
12.23
Net Income From Continuing Operation Net Minority Interest
-6.14
+9.96%
-6.82
+44.54%
-12.29
-212.51%
10.93
Net Income From Continuing And Discontinued Operation
-6.14
+9.96%
-6.82
+44.54%
-12.29
-212.51%
10.93
Net Income Continuous Operations
-5.41
-15.52%
-4.68
+60.25%
-11.79
-196.39%
12.23
Net Income Discontinuous Operations
—
—
—
0.00
Minority Interests
-0.73
+65.85%
-2.13
-318.63%
-0.51
+60.74%
-1.30
Normalized Income
-5.93
+13.10%
-6.82
-11.93%
-6.10
-250.08%
4.06
Net Income Common Stockholders
-6.14
+9.96%
-6.82
+44.54%
-12.29
-212.51%
10.93
Diluted NI Availto Com Stockholders
-6.14
+9.96%
-6.82
+44.54%
-12.29
-212.51%
10.93
Earnings From Equity Interest
1.70
+0.65%
1.69
+15.68%
1.46
+3845.95%
0.04
Gain On Sale Of PPE
—
-0.02
-125.00%
-0.01
-60.00%
-0.01
Total Other Finance Cost
0.32
-0.31%
0.32
-2.11%
0.33
-9.81%
0.37
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Total Assets
173.78
-1.91%
177.17
-6.54%
189.56
-8.69%
207.60
Current Assets
78.51
-23.69%
102.88
-11.74%
116.56
-9.11%
128.24
Cash Cash Equivalents And Short Term Investments
6.35
-16.73%
7.63
+31.43%
5.81
-10.33%
6.47
Cash And Cash Equivalents
5.93
-16.45%
7.10
+22.29%
5.81
+3.38%
5.62
Other Short Term Investments
0.42
-20.53%
0.53
0.00
-100.00%
0.86
Receivables
24.78
-6.73%
26.57
-12.67%
30.42
-5.09%
32.05
Accounts Receivable
23.92
+4.39%
22.91
-15.82%
27.22
+38.27%
19.68
Gross Accounts Receivable
25.25
+3.80%
24.33
-14.26%
28.38
+34.80%
21.05
Allowance For Doubtful Accounts Receivable
-1.34
+5.77%
-1.42
-22.41%
-1.16
+15.20%
-1.37
Other Receivables
0.18
-94.18%
3.09
-3.37%
3.20
-64.97%
9.14
Taxes Receivable
0.68
+21.39%
0.56
+4.66%
0.54
-83.41%
3.23
Inventory
38.52
-36.57%
60.72
-14.63%
71.12
-5.38%
75.17
Prepaid Assets
3.10
+31.99%
2.35
-6.00%
2.50
—
Restricted Cash
1.26
-41.08%
2.13
-38.03%
3.44
-22.46%
4.44
Other Current Assets
4.50
+29.44%
3.48
+6.56%
3.26
-67.73%
10.11
Total Non Current Assets
95.27
+28.24%
74.29
+1.76%
73.00
-8.00%
79.36
Net PPE
48.22
+48.42%
32.49
-2.11%
33.19
-22.95%
43.08
Gross PPE
58.91
+46.54%
40.20
+0.42%
40.03
-18.73%
49.26
Accumulated Depreciation
-10.69
-38.61%
-7.71
-12.65%
-6.85
-10.70%
-6.18
Buildings And Improvements
13.85
+0.00%
13.85
+0.00%
13.85
+0.00%
13.85
Machinery Furniture Equipment
7.28
+3.14%
7.06
+7.84%
6.55
+1.19%
6.47
Other Properties
29.39
+152.55%
11.64
-2.81%
11.97
-47.13%
22.64
Leases
8.39
+9.63%
7.66
-0.13%
7.67
+21.74%
6.30
Goodwill And Other Intangible Assets
20.56
-4.44%
21.52
-5.06%
22.67
-3.08%
23.39
Goodwill
10.54
+0.02%
10.54
-0.22%
10.56
+4.32%
10.13
Other Intangible Assets
10.02
-8.73%
10.98
-9.30%
12.10
-8.73%
13.26
Investments And Advances
19.00
+14.11%
16.65
+25.87%
13.23
+34.12%
9.86
Long Term Equity Investment
19.00
+14.11%
16.65
+25.87%
13.23
+34.12%
9.86
Other Non Current Assets
1.64
-54.96%
3.63
-7.42%
3.92
+29.36%
3.03
Total Liabilities Net Minority Interest
168.24
+6.23%
158.37
-3.36%
163.87
-4.24%
171.12
Current Liabilities
47.66
+1.75%
46.84
-27.14%
64.29
+108.00%
30.91
Payables And Accrued Expenses
30.79
+10.88%
27.77
+29.47%
21.45
-6.68%
22.98
Payables
17.78
+17.98%
15.07
+40.17%
10.75
+12.12%
9.59
Accounts Payable
17.78
+17.98%
15.07
+44.24%
10.45
+11.20%
9.40
Current Accrued Expenses
13.01
+2.45%
12.69
+18.71%
10.69
-20.15%
13.39
Total Tax Payable
—
0.14
-54.28%
0.30
+56.70%
0.19
Income Tax Payable
—
0.14
-54.28%
0.30
+56.70%
0.19
Current Debt And Capital Lease Obligation
12.76
-20.85%
16.12
-60.10%
40.40
+409.78%
7.92
Current Debt
10.38
-27.70%
14.36
-62.93%
38.74
+497.59%
6.48
Other Current Borrowings
10.38
-27.70%
14.36
-62.93%
38.74
+497.59%
6.48
Current Capital Lease Obligation
2.38
+34.98%
1.76
+5.83%
1.66
+15.32%
1.44
Current Deferred Liabilities
3.69
+24.70%
2.96
+21.15%
2.44
-17.23%
2.95
Current Deferred Revenue
3.69
+24.70%
2.96
+21.15%
2.44
—
Other Current Liabilities
0.43
—
—
—
Total Non Current Liabilities Net Minority Interest
120.58
+8.12%
111.53
+12.00%
99.58
-28.98%
140.21
Long Term Debt And Capital Lease Obligation
116.36
+6.67%
109.08
+12.32%
97.12
-28.62%
136.06
Long Term Debt
104.51
+6.03%
98.57
+14.15%
86.35
-33.23%
129.33
Long Term Capital Lease Obligation
11.84
+12.63%
10.52
-2.38%
10.77
+59.95%
6.73
Non Current Deferred Liabilities
2.25
-8.09%
2.45
+1.24%
2.42
-14.05%
2.81
Non Current Deferred Taxes Liabilities
2.25
-8.09%
2.45
+1.24%
2.42
-14.05%
2.81
Other Non Current Liabilities
1.98
—
0.05
-96.50%
1.34
Stockholders Equity
-3.22
-167.42%
4.77
-59.93%
11.90
-51.64%
24.61
Common Stock Equity
-3.22
-167.42%
4.77
-59.93%
11.90
-51.64%
24.61
Capital Stock
0.76
+0.00%
0.76
+0.13%
0.76
+0.13%
0.76
Common Stock
0.76
+0.00%
0.76
+0.13%
0.76
+0.13%
0.76
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
3.03
-0.06%
3.03
+0.18%
3.03
+0.12%
3.02
Ordinary Shares Number
2.70
-2.61%
2.78
-1.53%
2.82
-1.68%
2.87
Treasury Shares Number
0.33
+27.55%
0.26
+23.41%
0.21
+33.13%
0.16
Additional Paid In Capital
0.95
+10.24%
0.86
+17.99%
0.73
+85.24%
0.39
Retained Earnings
2.13
-74.00%
8.19
-40.14%
13.69
-48.80%
26.73
Gains Losses Not Affecting Retained Earnings
-0.65
-708.75%
-0.08
-109.80%
0.82
+410.27%
-0.26
Treasury Stock
6.40
+29.14%
4.96
+21.45%
4.08
+36.01%
3.00
Minority Interest
8.75
-37.60%
14.03
+1.73%
13.79
+16.21%
11.87
Total Equity Gross Minority Interest
5.54
-70.55%
18.80
-26.84%
25.69
-29.57%
36.48
Total Capitalization
101.30
-1.97%
103.34
+5.18%
98.25
-36.17%
153.94
Working Capital
30.85
-44.95%
56.04
+7.20%
52.27
-46.30%
97.34
Invested Capital
111.68
-5.11%
117.70
-14.08%
136.99
-14.61%
160.42
Total Debt
129.12
+3.13%
125.20
-8.96%
137.52
-4.49%
143.99
Net Debt
108.96
+2.96%
105.83
-11.28%
119.28
-8.38%
130.19
Capital Lease Obligations
14.22
+15.84%
12.28
-1.28%
12.44
+52.07%
8.18
Net Tangible Assets
-23.78
-41.98%
-16.75
-55.62%
-10.76
-977.10%
1.23
Tangible Book Value
-23.78
-41.98%
-16.75
-55.62%
-10.76
-977.10%
1.23
Non Current Note Receivables
5.85
0.00
—
—
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Operating Cash Flow
23.50
+36.78%
17.18
+1.59%
16.91
+151.11%
-33.08
Cash Flow From Continuing Operating Activities
23.50
+36.78%
17.18
+1.59%
16.91
+151.11%
-33.08
Cash From Discontinued Operating Activities
—
—
—
0.00
Net Income From Continuing Operations
-5.41
-15.52%
-4.68
+60.25%
-11.79
-196.39%
12.23
Depreciation Amortization Depletion
4.36
+55.68%
2.80
-32.77%
4.16
+123.76%
1.86
Depreciation And Amortization
4.36
+55.68%
2.80
-32.77%
4.16
+123.76%
1.86
Other Non Cash Items
2.37
+83.08%
1.29
+68.27%
0.77
-12.21%
0.88
Asset Impairment Charge
1.46
+22.43%
1.20
-84.76%
7.84
+873.91%
0.81
Operating Gains Losses
-1.70
-0.65%
-1.69
-15.68%
-1.46
+82.55%
-8.37
Gain Loss On Sale Of PPE
—
—
—
0.00
Change In Working Capital
22.42
+22.75%
18.26
+5.07%
17.38
+142.94%
-40.48
Change In Receivables
-1.81
-136.25%
4.99
+161.37%
1.91
+115.08%
-12.65
Changes In Account Receivables
-1.81
-144.68%
4.05
+164.34%
-6.29
+50.29%
-12.65
Change In Inventory
20.63
+126.63%
9.10
-10.43%
10.16
+157.74%
-17.60
Change In Payables And Accrued Expense
3.80
-45.76%
7.00
+6971.72%
0.10
-82.48%
0.56
Change In Accrued Expense
1.09
-54.29%
2.38
+366.29%
-0.89
-84.12%
-0.48
Change In Payable
2.71
-41.38%
4.62
+366.03%
0.99
-5.52%
1.05
Change In Account Payable
2.71
-41.38%
4.62
+366.03%
0.99
-5.52%
1.05
Change In Other Working Capital
-0.20
+92.93%
-2.83
-154.23%
5.21
+148.30%
-10.79
Investing Cash Flow
-20.19
-707.88%
-2.50
+59.48%
-6.17
+81.53%
-33.39
Cash Flow From Continuing Investing Activities
-20.19
-707.88%
-2.50
+59.48%
-6.17
+81.53%
-33.39
Net PPE Purchase And Sale
—
—
—
0.00
Sale Of PPE
—
—
—
0.00
Capital Expenditure
-15.68
-1357.16%
-1.08
+8.66%
-1.18
+24.39%
-1.56
Capital Expenditure Reported
-15.68
-1357.16%
-1.08
+8.66%
-1.18
+24.39%
-1.56
Net Investment Purchase And Sale
—
—
0.00
-100.00%
0.81
Purchase Of Investment
—
—
—
0.00
Sale Of Investment
—
—
0.00
-100.00%
0.81
Net Business Purchase And Sale
-7.03
-51.67%
-4.63
+16.70%
-5.56
+71.62%
-19.60
Purchase Of Business
-7.03
-51.67%
-4.63
+16.70%
-5.56
+71.62%
-19.60
Net Other Investing Changes
-3.51
-19616.67%
0.02
+116.22%
-0.11
+99.15%
-13.04
Financing Cash Flow
-4.80
+65.49%
-13.91
-12.36%
-12.38
-120.89%
59.25
Cash Flow From Continuing Financing Activities
-4.80
+65.49%
-13.91
-12.36%
-12.38
-120.89%
59.25
Net Issuance Payments Of Debt
-5.02
+76.30%
-21.20
-95.34%
-10.85
-123.99%
45.23
Issuance Of Debt
161.39
+8.24%
149.10
-0.57%
149.96
+12.25%
133.59
Repayment Of Debt
-166.42
+2.28%
-170.30
-5.90%
-160.81
-81.98%
-88.36
Long Term Debt Issuance
24.88
+0.11%
24.85
+133.84%
10.63
-68.96%
34.23
Long Term Debt Payments
-35.04
-23.64%
-28.34
-1.76%
-27.85
-630.40%
-3.81
Net Long Term Debt Issuance
-10.16
-191.12%
-3.49
+79.73%
-17.22
-156.62%
30.42
Short Term Debt Issuance
136.51
+9.87%
124.25
-10.82%
139.33
+40.22%
99.36
Short Term Debt Payments
-131.38
+7.45%
-141.96
-6.77%
-132.96
-57.25%
-84.55
Net Short Term Debt Issuance
5.14
+129.02%
-17.71
-377.93%
6.37
-56.99%
14.81
Net Common Stock Issuance
-1.45
-64.95%
-0.88
—
—
Common Stock Payments
-1.45
-64.95%
-0.88
—
—
Repurchase Of Capital Stock
-1.45
-64.95%
-0.88
—
—
Proceeds From Stock Option Exercised
0.91
-89.64%
8.78
0.00
-100.00%
11.28
Net Other Financing Charges
0.76
+223.05%
-0.62
+59.69%
-1.53
-155.66%
2.75
Changes In Cash
-1.49
-294.28%
0.77
+146.92%
-1.64
+77.29%
-7.22
Effect Of Exchange Rate Changes
0.41
+2650.00%
-0.02
-104.43%
0.36
+205.87%
-0.34
Beginning Cash Position
7.84
+10.62%
7.09
-15.27%
8.37
-47.46%
15.93
End Cash Position
6.76
-13.85%
7.84
+10.62%
7.09
-15.27%
8.37
Free Cash Flow
7.82
-51.45%
16.10
+2.36%
15.73
+145.41%
-34.64
Interest Paid Supplemental Data
8.44
+116.83%
3.89
-33.68%
5.87
+285.23%
1.52
Income Tax Paid Supplemental Data
0.98
+7.20%
0.92
-10.62%
1.03
+139.16%
0.43
Dividends Received CFI
6.03
+88.91%
3.19
+367.35%
0.68
—
Earnings Losses From Equity Investments
-1.70
-0.65%
-1.69
-15.68%
-1.46
-3845.95%
-0.04
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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