AIRINYSEAircraft Parts & Auxiliary Equipment, NECFiscal year ends December 31
AIR INDUSTRIES GROUP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 12, 2026
$2.48−0.01 (-0.40%)
Close on Oct 19, 2026
- Market cap
- $11.93M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
17.1%+4.1 pts over 5 years
Operating margin
-0.7%+2.2 pts over 5 years
Net margin
-2.7%−4.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -13.0% | -3.4% | -0.9% | -5.0% | |
| Gross profit | -8.3% | +3.2% | +4.7% | -7.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -58.2% | 8.7% | -7.6% | |
| Return on assets | -18.3% | 2.0% | -2.4% | |
| Current ratio | 1.16 | 1.60 | 1.24 | |
| Debt to equity | 1.44 | 1.81 | 1.31 | |
| Net debt to EBITDA | – | – | – | |
| Interest coverage | – | – | -0.2× | |
| Inventory turnover | 1.4× | 1.4× | 1.3× | |
| Capex to revenue | 3.2% | 7.6% | 6.9% | |
| Diluted shares | 1M | 4M | 4M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Air Industries generated $11.05M from operations and spent $11.47M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$11.05M
Used
$11.47M
Capital expenditure$11.47M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-2.7%
×Asset turnover0.88×
×Equity multiplier3.20×
=Return on equity, FY2025-7.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -2.7% | 0.88× | 3.20× | -7.6% |
| FY2024 | -2.5% | 1.08× | 3.38× | -9.1% |
| FY2023 | -4.1% | 0.99× | 3.26× | -13.3% |
| FY2022 | -2.0% | 0.99× | 3.13× | -6.3% |
| FY2021 | 2.8% | 1.06× | 3.42× | 10.0% |
| FY2020 | 2.2% | 0.92× | 4.30× | 8.7% |
| FY2019 | -5.0% | 1.10× | 4.53× | -25.1% |
| FY2018 | -24.7% | 0.82× | 3.69× | -74.8% |
| FY2017 | -45.2% | 0.69× | 3.37× | -105.7% |
| FY2016 | -30.4% | 0.60× | 3.19× | -58.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$1.31M
- Cash generatingOperating cash flow above zero-$1.35M
- Return on assets improvedROA up on the prior year-2.7% → -2.6%
- Earnings backed by cashOperating cash flow above net income-$1.35M vs -$1.31M
- Less leverageLong-term debt to assets fell3.4% → 2.6%
- Better liquidityCurrent ratio rose1.43 → 1.24
- No dilutionShare count did not rise3M → 4M
- Gross margin improvedGross margin up on the prior year16.21% → 17.08%
- More efficientAsset turnover rose1.09 → 0.94