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Home CompaniesAir T Inc

Air T Inc

Industrials Conglomerates
PortfolioPortfolio WatchlistWatchlist
Company price
30.5 USD 0.60 ( 2.01%)
Last update at 2026-11-12T15:42:00Z
VOLUME
1200
Market Cap
79.47M
P/E
1.25

Momentum Score

…

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.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
30.50
Low
30.50
High
52 Week Price Range
18.35
Low
35.00
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Air T Inc is a NASDAQ-listed company operating in prepaid wireless distribution and electronic payment solutions. Long-term growth may be supported by demand for mobile connectivity, broader adoption of digital payments, and expansion of distribution. Investors may view it as exposure to prepaid and payments markets if distribution scales and operating leverage improves.

Key risks include competition from carriers and fintechs, reliance on narrow retail and wholesale channels, thin margins, and execution or regulatory setbacks that could pressure revenue.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
29.90
Dividend Yield
-
Revenue TTM
371.68M
Revenue Per Share
137.60
Gross Profit TTM
84.23M
Debt / Equity
2.82
ROE
157.43%
Net Debt
204.37M
ROCE
31.35%
Diluted EPS TTM
23.66

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2026-03-31 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Type yearly yearly yearly yearly yearly
Date 2026-03-31 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Income before tax 86.02M -4.99M -3.96M -11.35M 13.40M
Minority interest -6.67M -0.73M -2.13M 0.51M -1.30M
Net income 77.98M -6.14M -6.82M -11.79M 10.93M
Selling general administrative 80.84M 57.85M 51.11M 45.38M 29.82M
Gross profit 61.94M 60.19M 52.38M 48.83M 39.38M
Reconciled depreciation 12.34M 4.36M 2.80M 4.16M 1.86M
Ebit 98.32M 3.62M 2.73M 4.43M 8.76M
Ebitda 110.66M 7.97M 5.53M 8.59M 12.54M
Depreciation and amortization 12.34M 4.36M 2.80M 4.16M 3.79M
Non operating income net other - - - 0.99M -
Operating income -18.90M 1.91M 1.26M 4.43M 8.76M
Other operating expenses 345.99M 289.94M 285.57M 243.88M 167.51M
Interest expense 12.79M 8.93M 7.01M 7.93M 4.81M
Tax provision 1.37M 0.42M 0.73M 0.43M 1.17M
Interest income 0.75M 0.38M 0.09M 0.33M 0.23M
Net interest income -12.04M -8.55M -6.92M -7.93M -4.95M
Non recurring - - - 0.52M -
Income tax expense 1.37M 0.42M 0.73M 0.43M 1.17M
Total revenue 327.09M 291.85M 286.83M 247.32M 177.08M
Total operating expenses 80.84M 58.28M 51.11M 45.38M 29.82M
Cost of revenue 265.15M 231.66M 234.46M 198.50M 137.69M
Total other income expense net 104.92M -6.90M -5.22M -15.78M 4.64M
Net income from continuing ops 84.65M -5.41M -4.68M -11.79M 12.23M
Net income applicable to common shares - - - -12.29M 10.93M
Breakdown 2026-03-31 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Type yearly yearly yearly yearly yearly
Date 2026-03-31 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Total assets 409.12M 173.78M 177.17M 189.56M 207.60M
Intangible assets 13.03M 10.02M 10.98M 12.10M 13.26M
Other current assets 21.41M 8.86M 9.05M 7.49M 10.11M
Total liab 317.90M 168.24M 158.37M 163.87M 171.12M
Total stockholder equity 79.81M -3.22M 4.77M 11.90M 24.61M
Deferred long term liab - - - 2.42M -
Other current liab 27.76M 13.44M 9.96M 13.13M 13.59M
Common stock 0.76M 0.76M 0.76M 0.76M 0.76M
Capital stock 0.76M 0.76M 0.76M 0.76M 0.76M
Retained earnings 80.11M 2.13M 8.19M 13.69M 26.73M
Other liab - - - 2.46M 4.15M
Good will 11.82M 10.54M 10.54M 10.56M 10.13M
Other assets - - - 3.92M 3.03M
Cash 20.33M 5.93M 7.10M 5.81M 5.62M
Total current liabilities 95.52M 47.66M 46.84M 64.29M 30.91M
Current deferred revenue 22.15M 3.69M 5.55M 0.30M -
Net debt 204.37M 123.18M 118.10M 131.71M 138.37M
Short term debt 7.95M 12.76M 16.12M 40.40M 7.92M
Short long term debt 4.55M 10.38M 14.36M 38.74M 6.48M
Short long term debt total 224.70M 129.12M 125.20M 137.52M 143.99M
Other stockholder equity -5.31M -5.46M -4.10M -3.35M -2.61M
Property plant equipment - - - 21.44M 43.08M
Total current assets 159.98M 78.51M 102.88M 116.56M 128.24M
Long term investments 35.35M 19.00M 16.65M 13.23M 9.86M
Net tangible assets - - - 1.95M 1.23M
Short term investments 1.03M 0.42M 0.53M 0.00M 0.86M
Net receivables 40.09M 24.78M 26.00M 28.69M 32.05M
Long term debt 204.56M 104.51M 98.57M 86.35M 129.33M
Inventory 77.13M 38.52M 60.72M 71.12M 75.17M
Accounts payable 36.97M 17.78M 15.07M 10.45M 9.40M
Noncontrolling interest in consolidated entity - - - 1.08M -
Accumulated other comprehensive income 4.25M -0.65M -0.08M 0.82M -0.26M
Common stock total equity - - - 0.76M -
Retained earnings total equity - - - 13.69M -
Non currrent assets other 21.61M 7.49M 3.63M 1.50M 0.22M
Non current assets total 249.15M 95.27M 74.29M 73.00M 79.36M
Capital lease obligations 15.59M 14.22M 12.28M 12.44M 8.18M
Long term debt total - - - 86.35M -
Breakdown 2026-03-31 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Type yearly yearly yearly yearly yearly
Date 2026-03-31 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Investments - -20.19M -2.50M -3.06M -5.98M
Change to liabilities - - - 0.99M 1.05M
Total cashflows from investing activities -21.80M -20.19M -2.50M -6.17M -33.39M
Net borrowings 66.72M -5.02M -21.20M -10.85M 56.51M
Total cash from financing activities 65.40M -4.80M -13.91M -12.38M 59.25M
Change to operating activities - - - 4.32M -2.14M
Net income 84.65M -5.41M -4.68M -11.79M 12.23M
Change in cash 18.51M -1.09M 0.75M -1.28M -7.56M
Begin period cash flow 6.76M 7.84M 7.09M 8.37M 15.93M
End period cash flow 25.27M 6.76M 7.84M 7.09M 8.37M
Total cash from operating activities -25.04M 23.50M 17.18M 16.91M -33.08M
Depreciation 12.34M 4.36M 2.80M 4.16M 1.86M
Other cashflows from investing activities 16.64M 2.52M 3.21M -1.93M 0.36M
Change to inventory -24.09M 20.63M 9.10M 10.16M -17.60M
Change to account receivables -3.35M -1.81M 4.99M -6.29M -12.65M
Sale purchase of stock -0.03M -1.45M -0.88M - -
Other cashflows from financing activities -4.40M 1.67M 8.16M 148.43M 136.34M
Change to netincome - - - -0.17M -5.39M
Capital expenditures 16.48M 15.68M 1.08M 1.18M 1.56M
Cash flows other operating - - - 24.71M -
Cash and cash equivalents changes - - - -1.64M -
Change in working capital -10.36M 22.42M 18.26M 17.38M -40.48M
Stock based compensation - - - 0.30M 0.40M
Other non cash items -111.67M 2.13M 0.80M 7.15M -6.69M
Free cash flow -41.53M 7.82M 16.10M 15.73M -34.64M

Peer Comparison*

Sector: Industrials Industry: Conglomerates

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
AIRT
Air T Inc		 0.60
2.01%		 30.50 1.25 12.80 0.21 1.22 0.88 3.01
MTSUY
Mitsubishi Corporation		 0.23
0.69%		 33.53 23.01 15.60 0.01 1.91 1.18 13.36
MSBHF
Mitsubishi Corp.		 -
-%		 33.20 22.90 15.90 0.01 1.94 1.18 13.36
ITOCF
ITOCHU Corporation		 -
-%		 14.89 18.13 16.50 0.01 2.45 1.37 11.52
MITSY
Mitsui & Company Ltd		 4.28
0.68%		 637.00 17.30 15.77 0.01 1.62 1.30 11.28

Profile*

Air T Inc

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.

11020 David Taylor Drive, Charlotte, NC, United States, 28262

980 595 2840

https://www.airt.com

1666

Name Title Year Born
Mr. Nicholas John Swenson Chairman, Pres & CEO 1969
Mr. Brian Ochocki CFO, Principal Accounting Officer & Treasurer 1968
Mr. Mitch Pothen VP of Technology NA
Mr. Mark Jundt Chief Legal Counsel NA
Ms. Cheryl C. Sigmon Chief Financial Officer of Air Cargo Segment 1956
Ms. Katrina Marie-Kramer Philp Chief of Staff 1985
Mr. Sebastian Lourier Principal & CEO of Crestone Air Partners NA
Mr. Michael Moore Chief Exec. Officer of Global Ground Support LLC NA
Mr. Craig Bentley CEO of Mountain Air Cargo, Inc. & CSA Air, Inc. NA
Mr. Mark Harris CEO of Worthington Aviation, Inc. and AirCo Group NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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