Air T Inc logo

Air T Inc(AIRT)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
2-STAR RATING
SELL
SELL for 2 days
PROFIT SINCE LAST BUY
+8.15% ▲
LAST CLOSE
$29.03
09/25/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Advisory Performance History (Simulated)Advisory Performance History info

Upturn Advisory & Investor View for AIRT

09/25/2026: AIRT (2-star) is a SELL. SELL for 2 days. Simulated Profits (8.15%). Updated daily EoD!

Air T Inc is a diversified small-cap holding company primarily engaged in aviation ground support manufacturing and specialized maintenance services. Its main strengths include a niche, defensible market position in deicing equipment and a decentralized structure that allows for varied revenue streams. The primary growth story revolves around capturing aftermarket demand in the aviation and cargo logistics sectors. However, investors must weigh these opportunities against risks like high revenue cyclicality, low stock liquidity, and integration challenges from its acquisition-heavy growth strategy. This stock may suit value-oriented investors who are comfortable with the inherent volatility of the small-cap industrial and aviation services sector.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitGrowth is largely inorganic and episodic rather than organic and compounding.
Momentum investorWeak fitLow trading volume and lack of consistent price catalysts make it unsuitable for momentum strategies.
Value investorStrong fitOften trades at multiples reflecting its small-cap nature and cyclical exposure.
Dividend investorWeak fitThe company rarely prioritizes consistent dividend payments for shareholders.
Low-risk investorWeak fitSmall-cap industrial and aviation exposure introduces significant operational and liquidity risks.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock's low liquidity can cause significant price swings.
Valuation riskMediumAs a small cap, valuation can decouple from fundamentals based on market sentiment.
Competition risk (aviation services)Medium / highLarger competitors with greater R&D budgets can challenge Air T's market share.
Business qualityMediumOperations are cyclical and sensitive to aviation industry health.
Dividend incomeLow / noneNot designed for income-seeking investors.
Execution riskMediumSuccessfully integrating varied acquisitions is essential for growth.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Choppy
PRICE STABILITY

Choppy

The stock has experienced frequent reversals and pronounced short-term price swings.

Analysis of Past Performance

Type Stock
Historic Profit 19.93%
Avg. Invested days 43
Today’s Advisory SELL
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 2.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
AIRT receives a 2-star rating, supported by available scored pillars. The rating is constrained by weak unit economics, soft analyst coverage, and weak price momentum.

Company Fundamentals

★★★★★
AIRT has moderate overall fundamentals (3 stars), with moderate financial health, moderate growth momentum, and solid ownership. In FY2026 versus FY2025, strong earnings growth (+1370.1%) and solid revenue growth (+12.1%) are partially offset by soft cash generation (FCF margin -12.7%).

Financial Health Rating

★★★★★
AIRT's financial health is supported by moderate liquidity, including working-capital and asset support (WC/assets 15.8%). Overall financial-health metrics support a 3-star score.

Growth Momentum Score

★★★★★
Earnings growth is AIRT's strongest growth driver at +1370.1% FY2026 versus FY2025 (strong, 5 stars). By comparison, revenue growth (+12.1%, solid) is also solid, while free-cash-flow growth (-631.2%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 24.3% and approximately 34.1% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 50.51% supports management-shareholder alignment.

Top 5 Institutional Investors

Renaissance Technologies Corp 3.95%
Vanguard Capital Management, LLC 1.57%
Morgan Stanley - Brokerage Accounts 1.23%
Vanguard Fiduciary Trust Co 0.18%
BlackRock Inc 0.13%

Unit Economics (Per $1K Revenue)

★★★★★
AIRT generates approximately $189 of gross profit, $-58 of operating income, and $-127 of free cash flow for every $1,000 of revenue. Based on FY2026 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 1.59%

Quantitative Style Profile

★★★★★
AIRT has a relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilitySmall / Mid Cap Risk

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 78.28M USD
Price to earnings Ratio 1.23
1Y Target Price -
Price to earnings Ratio 1.23
1Y Target Price -
Volume (30-day avg) 39.1K shares
Beta 0.28
52 Weeks Range 18.35 - 35.00
Updated Date 09/26/2026
52 Weeks Range 18.35 - 35.00
Updated Date 09/26/2026
Dividends yield (FY) -
Basic EPS (TTM) 23.6

How Company Makes Money

Business areaWhat it includesRetail investor read
Ground Support EquipmentManufacturing de-icing and support vehicles.Selling hardware that airlines need for daily operations.
Aviation ServicesEngine repair and maintenance services.Recurring revenue from keeping aircraft and engines operational.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 1.23
Forward PE 12.8
Enterprise Value 326.09M
Price to Sales(TTM) 0.21
Enterprise Value 326.09M
Price to Sales(TTM) 0.21
Enterprise Value to Revenue 0.88
Enterprise Value to EBITDA 3.01
Shares Outstanding 2.70M
Shares Floating 919.89K
Shares Outstanding 2.70M
Shares Floating 919.89K
Percent Insiders 50.51
Percent Institutions 24.27

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Air T Inc

Exchange NASDAQ
Headquarters Charlotte, NC, United States
IPO Launch date 1984-04-24
Chairman, President & CEO Mr. Nicholas John Swenson
Sector Industrials
Industry Conglomerates
Full time employees 1666
Full time employees 1666

Air T, Inc. provides overnight air cargo; ground support equipment; commercial aircraft, engines, and parts; digital solutions; and regional airline services in the United States and internationally. The company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2026, 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. Its Commercial Aircraft, Engines and Parts segment provide 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 to airlines and commercial aircraft leasing companies. This segment also offers 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. This segment also offers cloud-based software solutions for aviation aftermarket businesses. Its Regional Airline segment provides scheduled passenger services, air freight, charter services, ancillary passenger services, and government subsidies. As of March 31, 2026, this segment had 98 aircraft consisting of 57 owned SAAB 340B AND 340B+ twin-engine turboprop aircraft and remaining 41 aircraft includes the training fleet of the Australian Airline Pilot Academy. Air T, Inc. was incorporated in 1980 and is based in Charlotte, North Carolina.