Air Industries (AIRI)
Market Price (3/3/2026): $3.36 | Market Cap: $13.9 MilSector: Industrials | Industry: Aerospace & Defense
Air Industries (AIRI)
Market Price (3/3/2026): $3.36Market Cap: $13.9 MilSector: IndustrialsIndustry: Aerospace & Defense
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Low stock price volatilityVol 12M is 49% | Weak multi-year price returns2Y Excs Rtn is -68%, 3Y Excs Rtn is -99% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -0.5 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.0% |
| Megatrend and thematic driversMegatrends include Advanced Aviation & Space. Themes include Aerospace Component Manufacturing, and Advanced Air Mobility Components. | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 211% | |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.9%, Rev Chg QQuarterly Revenue Change % is -18% | ||
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1.9%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -9.5% | ||
| 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 -19% | ||
| Key risksAIRI key risks include [1] substantial liquidity concerns, Show more. |
| Low stock price volatilityVol 12M is 49% |
| Megatrend and thematic driversMegatrends include Advanced Aviation & Space. Themes include Aerospace Component Manufacturing, and Advanced Air Mobility Components. |
| Weak multi-year price returns2Y Excs Rtn is -68%, 3Y Excs Rtn is -99% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -0.5 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.0% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 211% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.9%, Rev Chg QQuarterly Revenue Change % is -18% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1.9%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -9.5% |
| 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 -19% |
| Key risksAIRI key risks include [1] substantial liquidity concerns, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Strategic Combination with Tenax Aerospace Expected to Scale Operations Significantly.
Air Industries Group announced a strategic combination with Tenax Aerospace on February 17, 2026, which is anticipated to form a larger aerospace and defense platform. This merger is projected to result in combined pro-forma 2025 revenues of approximately $183.3 million and Adjusted EBITDA of $65.0 million. For 2026, the combined entity forecasts revenues exceeding $210.0 million and Adjusted EBITDA over $75.0 million. This strategic move is expected to close before June 30, 2026, indicating a substantial future growth trajectory for the company.
2. Improved Q3 2025 Financial Performance and Positive Adjusted EBITDA for 2025.
The company reported solid financial results for the third quarter ended September 30, 2025, with net sales reaching $10.3 million and a significantly reduced net loss of $44,000, a considerable improvement from the $404,000 loss in Q3 2024. Furthermore, preliminary unaudited results for the full year ended December 31, 2025, indicated consolidated sales of approximately $47.9 million and a positive Adjusted EBITDA of about $4.3 million, despite a net loss of approximately $1.3 million.
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Stock Movement Drivers
Fundamental Drivers
The 12.7% change in AIRI stock from 11/30/2025 to 3/2/2026 was primarily driven by a 12.7% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 3022026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.99 | 3.37 | 12.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 50 | 50 | 0.0% |
| P/S Multiple | 0.2 | 0.3 | 12.7% |
| Shares Outstanding (Mil) | 4 | 4 | 0.0% |
| Cumulative Contribution | 12.7% |
Market Drivers
11/30/2025 to 3/2/2026| Return | Correlation | |
|---|---|---|
| AIRI | 12.7% | |
| Market (SPY) | 0.4% | 23.1% |
| Sector (XLI) | 16.4% | 13.2% |
Fundamental Drivers
The 6.0% change in AIRI stock from 8/31/2025 to 3/2/2026 was primarily driven by a 23.1% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 3022026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.18 | 3.37 | 6.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 52 | 50 | -4.3% |
| P/S Multiple | 0.2 | 0.3 | 23.1% |
| Shares Outstanding (Mil) | 4 | 4 | -10.0% |
| Cumulative Contribution | 6.0% |
Market Drivers
8/31/2025 to 3/2/2026| Return | Correlation | |
|---|---|---|
| AIRI | 6.0% | |
| Market (SPY) | 6.7% | 31.3% |
| Sector (XLI) | 18.2% | 26.0% |
Fundamental Drivers
The -18.0% change in AIRI stock from 2/28/2025 to 3/2/2026 was primarily driven by a -19.5% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 2282025 | 3022026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.11 | 3.37 | -18.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 54 | 50 | -6.8% |
| P/S Multiple | 0.3 | 0.3 | 9.2% |
| Shares Outstanding (Mil) | 3 | 4 | -19.5% |
| Cumulative Contribution | -18.0% |
Market Drivers
2/28/2025 to 3/2/2026| Return | Correlation | |
|---|---|---|
| AIRI | -18.0% | |
| Market (SPY) | 16.5% | 31.0% |
| Sector (XLI) | 32.6% | 31.5% |
Fundamental Drivers
The -28.6% change in AIRI stock from 2/28/2023 to 3/2/2026 was primarily driven by a -22.0% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 2282023 | 3022026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.72 | 3.37 | -28.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 55 | 50 | -8.7% |
| P/S Multiple | 0.3 | 0.3 | 0.3% |
| Shares Outstanding (Mil) | 3 | 4 | -22.0% |
| Cumulative Contribution | -28.6% |
Market Drivers
2/28/2023 to 3/2/2026| Return | Correlation | |
|---|---|---|
| AIRI | -28.6% | |
| Market (SPY) | 79.7% | 10.6% |
| Sector (XLI) | 84.9% | 15.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AIRI Return | -26% | -53% | -24% | 25% | -25% | 10% | -73% |
| Peers Return | -1% | 4% | 31% | 19% | 40% | 16% | 162% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 0% | 83% |
Monthly Win Rates [3] | |||||||
| AIRI Win Rate | 25% | 17% | 33% | 67% | 42% | 67% | |
| Peers Win Rate | 48% | 50% | 60% | 62% | 65% | 53% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| AIRI Max Drawdown | -26% | -54% | -38% | -5% | -31% | -3% | |
| Peers Max Drawdown | -15% | -16% | -6% | -8% | -11% | -2% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: TDG, HEI, HXL, WWD, DCO.
[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] 2026 data is for the year up to 3/2/2026 (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 | 1,480 days |
Compare to TDG, HEI, HXL, WWD, DCO
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.
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About Air Industries (AIRI)
AI Analysis | Feedback
AIRI is like the Intel or NVIDIA, but for the essential structural components of commercial and military aircraft.
AIRI is like the Bosch or Magna International of the aerospace industry, supplying critical parts for planes and defense systems.
AI Analysis | Feedback
- Precision Aerospace and Defense Components: Manufacturing of high-tolerance, complex machined parts and sub-assemblies for commercial and military aircraft, missile systems, and other defense applications.
- Integrated Aerospace Assemblies: Production and assembly of critical structural, mechanical, and electrical components, including complete aircraft landing gear systems.
- Commercial and Industrial Components: Manufacturing of specialized parts for ground-based power platforms, marine applications, and general industrial use.
AI Analysis | Feedback
Air Industries Group (symbol: AIRI) primarily sells its products to other companies, specifically prime aerospace and defense contractors, commercial airlines, and original equipment manufacturers (OEMs).
Its major customers, as identified in recent regulatory filings, include:
- Sikorsky Aircraft Corporation (a subsidiary of Lockheed Martin Corporation, symbol: LMT)
- Boeing Company (symbol: BA)
- Triumph Group, Inc. (symbol: TGI)
AI Analysis | Feedback
nullAI Analysis | Feedback
Luciano M. Melluzzo, President and Chief Executive Officer
Luciano Melluzzo joined Air Industries Group in 2017 and has over 35 years of experience in the aerospace machining business. Prior to his current role, he served as Chief Operating Officer and Chief of Business Development for EDAC Technologies, a Nasdaq-listed company that developed and manufactured complex rotating parts for jet engine applications. He also held the position of General Manager for Polar Corporation, a privately-held company specializing in commercial and military aerospace components. Mr. Melluzzo is recognized for his extensive experience in turnaround management, business restructuring, and achieving operational excellence.
Scott A. Glassman, Chief Financial Officer, Principal Accounting Officer and Secretary
Scott Glassman was promoted to Chief Financial Officer, Principal Accounting Officer, and Secretary in 2023, having previously served as the company's Chief Accounting Officer since 2019. He has a long tenure with Air Industries Group, holding various senior financial positions from 2007 to 2015 and again from 2019 to the present. Mr. Glassman has been a Certified Public Accountant (CPA) in New York since 2002.
Michael Recca, Director of Strategic Projects
Michael Recca has been with Air Industries Group for over 15 years, and until October 2023, he served as the Chief Financial Officer. His prior leadership experience includes serving as President and Chief Operating Officer of Sky Capital Holdings Ltd. Group, which was listed on the AIM division of the London Stock Exchange. Additionally, Mr. Recca was the Chairman and Chief Executive Officer of Harvey Electronics, Inc., a company listed on Nasdaq.
Michael Biancospino, President and General Manager, Air Industries Machining Corporation and Nassau Tool Works
Michael Biancospino was appointed President and General Manager of Air Industries Machining Corporation and Nassau Tool Works in October 2022. He joined Air Industries in 2004 as a manufacturing engineer, where he developed manufacturing work instructions, 3D CAD models, and process plans. He was a key contributor to the implementation of the company's ERP system and led the development efforts for the E-2D landing gear program. Mr. Biancospino later became the Director of Engineering, overseeing all Manufacturing Engineering, N/C Programming, and tool design.
Gary Settoducato, Vice President of Business Development
Gary Settoducato was appointed Vice President of Business Development in 2017, bringing over 30 years of experience in the aerospace industry. Before this role, he served as Executive Vice President of Air Industries Machining, a subsidiary, and spent seven years as President of the Group's Welding Metallurgy subsidiary. Mr. Settoducato has held various senior management positions at Air Industries and other aerospace firms on Long Island.
AI Analysis | Feedback
The key risks to Air Industries Group's (AIRI) business include:
- Financial Health and Liquidity: Air Industries Group faces significant financial challenges, including widening losses, failing its Fixed Charge Coverage Ratio, and issues with debt maturities and covenants. The company has also received "going concern" audit warnings, indicating substantial liquidity concerns.
- Heavy Reliance on Government Defense Spending: Approximately 90% of the company's revenue is derived from products for US military aviation, making its financial performance highly susceptible to reductions in government defense spending.
- Intense Competition and Fixed-Price Contracts: The defense and aerospace component manufacturing market is highly competitive, with many competitors possessing significantly greater technical, manufacturing, financial, and marketing resources. Additionally, due to fixed contract pricing, the company is exposed to reduced profitability and the potential loss of future business if contract costs increase.
AI Analysis | Feedback
The increasing adoption of additive manufacturing (3D printing) by aerospace and defense original equipment manufacturers (OEMs). This technology offers the ability to produce complex, lightweight components with reduced lead times and material waste, potentially displacing the demand for traditional precision machining, fabrication, and assembly services that form the core of Air Industries' business.
AI Analysis | Feedback
Air Industries Group (AIRI) operates as a manufacturer of precision components and assemblies primarily for the aerospace and defense industries. Their main products and services encompass a range of structural parts and assemblies critical for flight safety, including landing gear, arresting gear, engine mounts, flight controls, and components for aircraft jet engines and ground turbines. The company also offers sheet metal fabrication, tube bending, and welding services.
Based on their product offerings, the addressable markets for Air Industries Group can be identified within the broader aerospace and defense sector, as well as more specific segments such as aerostructures and aircraft engine components. These markets are global, with North America often holding a significant share.
- Global Aerospace and Defense Market: This overarching market, which includes precision components and assemblies, was valued at approximately USD 750 billion in 2022 and is projected to grow to about USD 1,388 billion by 2030, with a compound annual growth rate (CAGR) of roughly 8.2% between 2023 and 2030. North America held the largest share of this market in 2024.
- Global Aerostructures Market: This market directly addresses Air Industries' production of structural parts like landing gear, flight controls, and engine mounts. The global aerostructures market size was valued at USD 71.16 billion in 2024 and is expected to reach USD 130.82 billion by 2033, growing at a CAGR of 7.0% during the forecast period (2025-2033). North America accounted for the largest share in this market, with the U.S. aerostructures market estimated at USD 23.68 billion in 2024, projected to expand to around USD 46.32 billion by 2034.
- Global Aircraft Engine Parts and Equipment Market: Air Industries also manufactures components for aircraft jet engines. This market was valued at USD 271.6 billion in 2023 and is estimated to reach USD 438.6 billion by 2032, growing at a CAGR of 5.6% from 2024 to 2032. The North American aircraft engine parts and equipment market value was approximately USD 97.8 billion in 2023.
AI Analysis | Feedback
The future revenue growth of Air Industries (AIRI) over the next 2-3 years is expected to be primarily driven by several key factors. Despite some recent and forecasted short-term revenue declines, the company has secured significant new business that is anticipated to contribute to top-line expansion in the medium term. Here are the expected drivers of future revenue growth: * Conversion of Record Backlog into Sales: Air Industries has achieved record backlog levels in the first half of 2025. This substantial backlog, including significant contracts like a $5 million deal for B-52 aircraft components, is expected to begin contributing to revenue from 2026 onwards. The realization of these previously secured orders will be a fundamental driver of increased sales. * New Long-Term Agreements: In 2024, Air Industries secured six new long-term agreements valued at nearly $60 million. These agreements provide a strong foundation for sustained revenue, with the revenue from these contracts expected to flow in over their respective durations. * Growth in Aftermarket Products and New Orders: The company has continued to secure new orders from both new and existing clients, including over $10 million in new orders specifically for aftermarket products. This indicates ongoing demand for their components and services beyond initial equipment sales, providing a recurring revenue stream. * Operational Improvements and Efficiency Gains: While not a direct revenue driver, the company's focus on operational improvements and cost-cutting initiatives, which are expected to save approximately $1 million annually, can indirectly support revenue growth by improving profitability and freeing up resources for investment in growth opportunities. CEO Lou Maluza expressed optimism about the company's operational trajectory in 2024, stating that operations are "running as smooth as silk."AI Analysis | Feedback
Share Issuance
- In 2025, Air Industries Group successfully completed an at-the-market (ATM) offering, raising approximately $4.0 million in gross proceeds from the sale of common shares.
- This share issuance was undertaken to strengthen the company's balance sheet and reduce or eliminate subordinate debt.
Capital Expenditures
- Air Industries Group is a manufacturer of precision components and assemblies for large aerospace and defense prime contractors.
- The company's primary focus is on producing flight-critical components, government defense contracts, and commercial aviation partnerships, including landing gear systems, engine mounts, and structural assemblies.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Air Industries Earnings Notes | 12/16/2025 | |
| With Air Industries Stock Sliding, Have You Assessed The Risk? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to AIRI.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02272026 | EFX | Equifax | 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 | 0.0% | 0.0% | 0.0% |
| 02202026 | LZ | LegalZoom.com | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 7.2% | 7.2% | -5.0% |
| 02132026 | ADP | Automatic Data Processing | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 1.1% | 1.1% | -3.0% |
| 02132026 | TREX | Trex | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -3.2% | -3.2% | -5.9% |
| 02132026 | PCTY | Paylocity | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -0.6% | -0.6% | -4.8% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 229.76 |
| Mkt Cap | 15.7 |
| Rev LTM | 2,842 |
| Op Inc LTM | 360 |
| FCF LTM | 283 |
| FCF 3Y Avg | 252 |
| CFO LTM | 391 |
| CFO 3Y Avg | 351 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.4% |
| Rev Chg 3Y Avg | 11.1% |
| Rev Chg Q | 9.7% |
| QoQ Delta Rev Chg LTM | 2.3% |
| Op Mgn LTM | 11.8% |
| Op Mgn 3Y Avg | 11.5% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 13.4% |
| CFO/Rev 3Y Avg | 13.4% |
| FCF/Rev LTM | 9.6% |
| FCF/Rev 3Y Avg | 9.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 15.7 |
| P/S | 5.1 |
| P/EBIT | 28.1 |
| P/E | 43.5 |
| P/CFO | 34.4 |
| Total Yield | 1.7% |
| Dividend Yield | 0.2% |
| FCF Yield 3Y Avg | 2.6% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 8.2% |
| 3M Rtn | 21.1% |
| 6M Rtn | 24.4% |
| 12M Rtn | 37.8% |
| 3Y Rtn | 94.9% |
| 1M Excs Rtn | 7.8% |
| 3M Excs Rtn | 18.8% |
| 6M Excs Rtn | 16.9% |
| 12M Excs Rtn | 23.0% |
| 3Y Excs Rtn | 25.8% |
Price Behavior
| Market Price | $3.37 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 10/05/2000 | |
| Distance from 52W High | -18.0% | |
| 50 Days | 200 Days | |
| DMA Price | $3.24 | $3.24 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 4.1% | 4.0% |
| 3M | 1YR | |
| Volatility | 55.2% | 48.1% |
| Downside Capture | 113.90 | 113.79 |
| Upside Capture | 199.97 | 75.62 |
| Correlation (SPY) | 23.8% | 30.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.29 | 0.76 | 1.25 | 1.20 | 0.78 | 0.60 |
| Up Beta | 1.97 | 2.28 | 1.98 | 1.67 | 0.50 | 0.50 |
| Down Beta | -1.21 | 0.53 | -0.06 | 0.63 | 0.89 | 0.39 |
| Up Capture | 21% | 101% | 219% | 138% | 68% | 36% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 7 | 18 | 27 | 55 | 105 | 329 |
| Down Capture | 31% | -11% | 124% | 130% | 110% | 100% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 11 | 19 | 28 | 56 | 121 | 375 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AIRI | |
|---|---|---|---|---|
| AIRI | -15.8% | 48.7% | -0.20 | - |
| Sector ETF (XLI) | 34.5% | 19.2% | 1.42 | 31.3% |
| Equity (SPY) | 18.4% | 19.3% | 0.75 | 30.8% |
| Gold (GLD) | 86.5% | 25.7% | 2.41 | 7.8% |
| Commodities (DBC) | 16.5% | 17.1% | 0.73 | 12.4% |
| Real Estate (VNQ) | 7.1% | 16.6% | 0.24 | 16.2% |
| Bitcoin (BTCUSD) | -22.3% | 45.0% | -0.43 | 21.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AIRI | |
|---|---|---|---|---|
| AIRI | -26.4% | 74.7% | -0.13 | - |
| Sector ETF (XLI) | 16.0% | 17.2% | 0.75 | 15.9% |
| Equity (SPY) | 13.6% | 17.0% | 0.63 | 12.3% |
| Gold (GLD) | 23.9% | 17.2% | 1.14 | 1.7% |
| Commodities (DBC) | 11.1% | 19.0% | 0.47 | 4.0% |
| Real Estate (VNQ) | 5.1% | 18.8% | 0.17 | 11.1% |
| Bitcoin (BTCUSD) | 6.2% | 56.8% | 0.33 | 3.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AIRI | |
|---|---|---|---|---|
| AIRI | -25.4% | 75.8% | -0.07 | - |
| Sector ETF (XLI) | 15.1% | 19.8% | 0.67 | 16.5% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 14.0% |
| Gold (GLD) | 15.6% | 15.6% | 0.84 | 1.3% |
| Commodities (DBC) | 8.9% | 17.6% | 0.42 | 7.4% |
| Real Estate (VNQ) | 6.5% | 20.7% | 0.28 | 12.9% |
| Bitcoin (BTCUSD) | 65.1% | 66.8% | 1.05 | 3.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/14/2025 | -0.3% | -4.1% | -3.1% |
| 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% |
| SUMMARY STATS | |||
| # Positive | 2 | 3 | 3 |
| # Negative | 5 | 4 | 4 |
| Median Positive | 3.6% | 2.7% | 1.1% |
| Median Negative | -0.3% | -7.2% | -4.7% |
| Max Positive | 5.1% | 3.9% | 7.4% |
| Max Negative | -13.9% | -11.7% | -10.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 04/15/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 04/15/2024 | 10-K |
| 09/30/2023 | 12/06/2023 | 10-Q |
| 06/30/2023 | 08/18/2023 | 10-Q |
| 03/31/2023 | 08/11/2023 | 10-Q |
| 12/31/2022 | 05/16/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/22/2022 | 10-Q |
| 03/31/2022 | 05/11/2022 | 10-Q |
| 12/31/2021 | 03/25/2022 | 10-K |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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