Air Industries (AIRI)
Market Price (11/8/2025): $2.97 | Market Cap: $11.1 MilSector: Industrials | Industry: Aerospace & Defense
Air Industries (AIRI)
Market Price (11/8/2025): $2.97Market Cap: $11.1 MilSector: IndustrialsIndustry: Aerospace & Defense
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Weak multi-year price returns2Y Excs Rtn is -57%, 3Y Excs Rtn is -123% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -0.8 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.5% | |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 230% | ||
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.1%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.1%, Rev Chg QQuarterly Revenue Change % is -6.7% | ||
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.5% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -25% |
| Weak multi-year price returns2Y Excs Rtn is -57%, 3Y Excs Rtn is -123% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -0.8 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.5% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 230% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.1%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.1%, Rev Chg QQuarterly Revenue Change % is -6.7% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.5% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -25% |
Market Valuation & Key Metrics
AIRI Stock
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AIRI Return | -47% | -26% | -53% | -24% | 25% | -27% | -87% |
| Peers Return | -11% | -2% | -3% | 14% | 35% | 31% | 72% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| AIRI Win Rate | 42% | 25% | 17% | 33% | 67% | 40% | |
| Peers Win Rate | 8% | 8% | 10% | 16% | 15% | 33% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| AIRI Max Drawdown | -72% | -26% | -54% | -38% | -5% | -29% | |
| Peers Max Drawdown | -15% | -5% | -7% | -0% | -8% | -15% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: FLY, ATRO, DFSC, PEW, PRZO.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 11/7/2025 (YTD)
How Low Can It Go
| Event | AIRI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -87.1% | -25.4% |
| % Gain to Breakeven | 673.6% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -77.7% | -33.9% |
| % Gain to Breakeven | 347.9% | 51.3% |
| Time to Breakeven | Not Fully Recovered days | 148 days |
| 2018 Correction | ||
| % Loss | -84.8% | -19.8% |
| % Gain to Breakeven | 557.0% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -97.5% | -56.8% |
| % Gain to Breakeven | 3900.0% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1480 days |
Compare to FLY, ATRO, DFSC, PEW, PRZO
In The Past
Air Industries's stock fell -87.1% during the 2022 Inflation Shock from a high on 2/18/2021. A -87.1% loss requires a 673.6% gain to breakeven.
Preserve Wealth
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Asset Allocation
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Latest Trefis Analyses
| Title | Topic | |
|---|---|---|
| DASHBOARDS | ||
| Air Industries Stock Dropped 6.1% - Have You Assessed the Risk | Return |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select past ideas related to AIRI. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10312025 | GEO | GEO | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -10.8% | -10.8% | -10.8% |
| 10312025 | RUN | Sunrun | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | -17.5% | -17.5% | -17.5% |
| 10312025 | PLPC | Preformed Line Products | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | -1.2% | -1.2% | -1.9% |
| 10172025 | VRSK | Verisk Analytics | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -7.6% | -7.6% | -10.5% |
| 10102025 | CARR | Carrier Global | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 1.9% | 1.9% | -0.8% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10312025 | GEO | GEO | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -10.8% | -10.8% | -10.8% |
| 10312025 | RUN | Sunrun | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | -17.5% | -17.5% | -17.5% |
| 10312025 | PLPC | Preformed Line Products | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | -1.2% | -1.2% | -1.9% |
| 10172025 | VRSK | Verisk Analytics | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -7.6% | -7.6% | -10.5% |
| 10102025 | CARR | Carrier Global | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 1.9% | 1.9% | -0.8% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Air Industries
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 3.79 |
| Mkt Cap | 0.8 |
| Rev LTM | 77 |
| Op Inc LTM | -5 |
| FCF LTM | -5 |
| FCF 3Y Avg | -0 |
| CFO LTM | -3 |
| CFO 3Y Avg | 2 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.2% |
| Rev Chg 3Y Avg | 19.5% |
| Rev Chg Q | 3.8% |
| QoQ Delta Rev Chg LTM | 0.9% |
| Op Mgn LTM | -105.3% |
| Op Mgn 3Y Avg | -0.8% |
| QoQ Delta Op Mgn LTM | 1.7% |
| CFO/Rev LTM | -80.3% |
| CFO/Rev 3Y Avg | 2.5% |
| FCF/Rev LTM | -100.0% |
| FCF/Rev 3Y Avg | -0.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.8 |
| P/S | 1.1 |
| P/EBIT | 5.9 |
| P/E | -271.8 |
| P/CFO | 14.3 |
| Total Yield | -10.6% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -0.6% |
| D/E | 1.3 |
| Net D/E | 1.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -19.7% |
| 3M Rtn | -18.2% |
| 6M Rtn | 42.0% |
| 12M Rtn | 110.7% |
| 3Y Rtn | 215.3% |
| 1M Excs Rtn | -16.9% |
| 3M Excs Rtn | -23.6% |
| 6M Excs Rtn | 23.2% |
| 12M Excs Rtn | 89.7% |
| 3Y Excs Rtn | 109.5% |
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/14/2025 | -13.9% | -10.4% | -2.4% |
| 3/31/2025 | -3.1% | -11.7% | 1.1% |
| 10/16/2024 | 5.1% | 3.9% | 0.1% |
| 12/7/2023 | -0.2% | 2.7% | 7.4% |
| 7/10/2023 | -0.1% | 2.5% | -10.7% |
| 4/20/2023 | 2.1% | -2.1% | -6.3% |
| 11/6/2019 | 1.8% | 8.9% | 33.6% |
| SUMMARY STATS | |||
| # Positive | 3 | 4 | 4 |
| # Negative | 4 | 3 | 3 |
| Median Positive | 2.1% | 3.3% | 4.3% |
| Median Negative | -1.6% | -10.4% | -6.3% |
| Max Positive | 5.1% | 8.9% | 33.6% |
| Max Negative | -13.9% | -11.7% | -10.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 6302025 | 8142025 | 10-Q 6/30/2025 |
| 3312025 | 5152025 | 10-Q 3/31/2025 |
| 12312024 | 4152025 | 10-K 12/31/2024 |
| 9302024 | 11142024 | 10-Q 9/30/2024 |
| 6302024 | 8142024 | 10-Q 6/30/2024 |
| 3312024 | 5152024 | 10-Q 3/31/2024 |
| 12312023 | 4152024 | 10-K 12/31/2023 |
| 9302023 | 12062023 | 10-Q 9/30/2023 |
| 6302023 | 8182023 | 10-Q 6/30/2023 |
| 3312023 | 8112023 | 10-Q 3/31/2023 |
| 12312022 | 5162023 | 10-K 12/31/2022 |
| 9302022 | 11142022 | 10-Q 9/30/2022 |
| 6302022 | 8222022 | 10-Q 6/30/2022 |
| 3312022 | 5112022 | 10-Q 3/31/2022 |
| 12312021 | 3252022 | 10-K 12/31/2021 |
| 9302021 | 11122021 | 10-Q 9/30/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |