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Air T Inc (AIRT) stock analysis

AIRTNasdaqAir Courier ServicesFiscal year ends March 31Also trades as AIRTP
Financials through Q2 FY2027, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 13, 2026Score 7/30
$30.19+0.29 (+0.97%)

Close on Nov 12, 2026Market cap $80.96MP/E 2.1Yield –

StockData Score

Prices as of Nov 13, 2026How the score works

Value2Growth1Performance3Health1Dividend0

Weak7 of 30 checks passed

Air T passes 7 of the 30 checks behind our score; 16 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
2/6
Growth
1/6
Past performance
3/6
Financial health
1/6
Dividend
0/6

What stands out

  • P/E below its 5-year median

    Air T's P/E of 2.1 is below its own 5-year median of 7.1.

  • P/E below the industry

    Air T's P/E of 2.1 is below the Air Transportation, Scheduled, and Air Courier median of 17.2.

  • Growing faster than the industry

    Revenue grew 62.8% over the last twelve months; the Air Transportation, Scheduled, and Air Courier median is 11.0%.

  • Return on equity above the industry

    Air T's return on equity of 170% is above the Air Transportation, Scheduled, and Air Courier median of 13.9%.

What to watch

  • Return on equity under 15%

    Return on equity was 170% over the last twelve months and averaged -136% over five years; we look for 15% on both.

  • Return on capital under 10%

    Return on invested capital was -1906%, below the 10% that usually covers the cost of capital.

  • Revenue growing under 10% a year

    Revenue grew 9.8% a year over the last three fiscal years, short of the 10% we look for.

  • Interest not well covered

    Operating income covers interest expense -2.2 times; we look for at least 5.

Valuation2/6

  • P/E below its 5-year median

    Air T's P/E of 2.1 is below its own 5-year median of 7.1.

  • P/E below the industry

    Air T's P/E of 2.1 is below the Air Transportation, Scheduled, and Air Courier median of 17.2.

  • EV/EBITDA against its history

    Needs positive EBITDA and price history.

  • P/B above the industry

    Air T's price-to-book of 1.75 is above the Air Transportation, Scheduled, and Air Courier median of 1.75.

  • Price against fair value

    We could not estimate a fair value: it needs at least two valuation methods with positive inputs.

  • Margin of safety

    Depends on the fair value estimate.

Growth1/6

  • Revenue growing under 10% a year

    Revenue grew 9.8% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growth over 3 years

    Needs positive EPS three years ago and today.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growing faster than the industry

    Revenue grew 62.8% over the last twelve months; the Air Transportation, Scheduled, and Air Courier median is 11.0%.

  • Company guidance

    No outlook found in earnings releases from the last twelve months.

  • Gross margin trend

    This company does not report gross profit.

Past performance3/6

  • Return on equity under 15%

    Return on equity was 170% over the last twelve months and averaged -136% over five years; we look for 15% on both.

  • Return on capital under 10%

    Return on invested capital was -1906%, below the 10% that usually covers the cost of capital.

  • Return on equity above the industry

    Air T's return on equity of 170% is above the Air Transportation, Scheduled, and Air Courier median of 13.9%.

  • Earnings over 5 years

    Needs positive net income five years ago and in the latest year.

  • Net margin above its 5-year average

    Net margin was 8.7% over the last twelve months, against a 5-year average of 4.1%.

  • Net margin above the industry

    Air T's net margin of 8.7% is above the Air Transportation, Scheduled, and Air Courier median of 4.6%.

Financial health1/6

  • Debt level

    Needs debt and equity figures.

  • Debt trend

    Needs a balance sheet from five years ago with positive equity.

  • Debt coverage

    Needs operating cash flow.

  • Interest not well covered

    Operating income covers interest expense -2.2 times; we look for at least 5.

  • Short-term assets cover short-term debts

    Current assets are 1.59 times current liabilities.

  • Elevated bankruptcy risk

    The Altman Z-score is 1.06; above 3 is the safe zone and below 1.8 the distress zone.

Dividend0/6

  • No dividend

    Air T has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

We don't publish a fair value for Air T. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 7.1
  • Air Transportation, Scheduled, and Air Courier median 17.2

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

High risk

Average value traded per day
$824.87K
Value traded per 1% price move
$263.10K

Downside

Low risk

Typical loss in a bad month
12.0%
Volatility (annualized)
57%
Sharpe ratio, 1 year
0.68
Beta to the S&P 500 (5Y)
0.23

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2012 to 2026

Operating margin

-3.4%+1.8 pts over 5 years

Net margin

23.8%+28.0 pts over 5 years

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