Air T, Inc. (AIRT) is a Industrials stock trading at $29.40 (as of 2026-08-24), with a market capitalization of $79.46M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Air T, Inc., through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts, and printing equipment and maintenance services in the United States and internationally. The company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2022, this segment had 72 aircraft under the dry-lease agreements with FedEx. Its Ground Equipment Sales 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 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 a range of electrical accessories for civilian, military transport, regional/commuter and business/commercial jet, and turboprop aircraft. This segment also provides composite aircraft structures, and repair and support services. Air T, Inc. was incorporated in 1980 and is based in Denver, North Carolina.
Air T, Inc. provides overnight air cargo services, sells and services aircraft ground equipment, and also provides commercial aircraft engine and parts, plus digital solutions, and operates in the United States and internationally. It makes money by charging for air express delivery, by selling and servicing equipment and parts, and by generating revenue from its digital solutions.
The profit engine is the overnight air cargo operation, which depends on operating a leased aircraft fleet under dry-lease agreements (including FedEx) and converting fleet-driven delivery volume into segment revenue, alongside equipment sales and services.
| Overnight Cargo | $0.1B |
| Digital Solutions | $0.0B |
Business quality (Mixed): Operating results show an operating margin of -5.3% (operating loss) on the latest reported period, and the provided segment revenue candidates do not reconcile to the reported total revenue, so investors should verify segment disclosures before drawing conclusions.
Valuation: At 1× earnings, AIRT trades 95% below the Transportation average (18×). Note: one-time items can distort reported P/E.
| Price | $29.40 |
| Market Cap | $79.46M |
| EV / EBITDA | 103.8 |
| Price / Book | 1.19 |
| Price / Sales | 0.25 |
| FCF Yield | -73.8% |
| Revenue (TTM) | $327.09M |
| Net Margin | 23.8% |
| Revenue Growth (YoY) | 12.1% |
| EPS Growth (YoY) | -1393.7% |
| FCF Growth (YoY) | -285.3% |
| Altman Z-Score | 1.32 (distress) |
| Sector P/E (Industrials) | 26.0 |
| Industry P/E (Transportation) | 17.0 |
| Top Institutional Holder | RENAISSANCE TECHNOLOGIES LLC ($2.32M) |
| Institutional Holders Tracked | 10 |
| Sector | Industrials |
| Industry | Transportation |
| CEO | Nicholas John Swenson |
| Employees | 624 |
| Country | US |
| IPO Date | 1984-04-24 |
Data as of 2026-08-24.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.