CA
NZ
UK
AU
IND
US
…
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
A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
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.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| 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 |
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 |
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
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.
Download a free report with stock ideas and industry insights for general information.
Download Free Report Now →
Basic Materials
-1.40%
Communication Services
-0.45%
Consumer Cyclical
-0.55%
Consumer Defensive
-0.01%
Energy
-0.01%
Financial Services
-0.40%
Financials
-0.15%
Healthcare
-1.15%
Industrials
-0.46%
Real Estate
-0.29%
Technology
-1.22%
Utilities
-0.10%
Note: Daily price change (%) by sector excluding stocks with +/-90% daily price change. Companies above $500 million market capitalization are considered.
Portfolio
Watchlist
+0.55%
Please wait processing your request...