Tearsheet

AirJoule Technologies (AIRJ)

Market Price (10/31/2025): $5.05 | Market Cap: $299.2 Mil
Sector: Industrials | Industry: Building Products

AirJoule Technologies (AIRJ)

Market Price (10/31/2025): $5.05
Market Cap: $299.2 Mil
Sector: Industrials
Industry: Building Products

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

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 13%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8.2%	Weak multi-year price returns 2Y Excs Rtn is -118%, 3Y Excs Rtn is -126%	Very low revenue Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
1	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -10%		Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -13 Mil

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 13%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8.2%
1	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -10%
2	Weak multi-year price returns 2Y Excs Rtn is -118%, 3Y Excs Rtn is -126%
3	Very low revenue Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
4	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -13 Mil

Market Valuation & Key Metrics

Valuation
Key Metrics

	10/31/25	2024	2023	2022	2021
Share Price CYE	$5.05	$7.96	$10.74	$10.07
Market Cap CYE ($ Mil)	299.2	429.4	569.9	376.9	-
Total Debt ($ Mil)	0.1	0.2	0.0	0.1	0.0
Total Cash ($ Mil)	30.5	28.0	0.4	5.2	3.1
Enterprise Value ($ Mil)	268.8	429.6	569.9	377.0
Valuation Ratios
P/S TTM	0.0	0.0	0.0	0.0	0.0
P/EBIT TTM	-23.9	-34.0	-50.0	-134.8	0.0
P/E TTM	7.8	1.8	-50.1	-134.8	0.0
Sector Ratios
P/S TTM (Sector)	1.7	1.4	1.4	1.1	1.6
P/EBIT TTM (Sector)	11.4	10.1	10.0	8.3	12.1
P/E TTM (Sector)	15.5	13.6	14.0	11.2	15.5

	10/31/25	2024	2023
Share Price CYE	$5.05	$7.96	$10.74
Market Cap CYE ($ Mil)	299.2	429.4	569.9
Total Debt ($ Mil)	0.1	0.2	0.0
Total Cash ($ Mil)	30.5	28.0	0.4
Enterprise Value ($ Mil)	268.8	429.6	569.9
Valuation Ratios
P/S TTM	0.0	0.0	0.0
P/EBIT TTM	-23.9	-34.0	-50.0
P/E TTM	7.8	1.8	-50.1
Sector Ratios
P/S TTM (Sector)	1.7	1.4	1.4
P/EBIT TTM (Sector)	11.4	10.1	10.0
P/E TTM (Sector)	15.5	13.6	14.0

	AIRJ	S&P 500
REVENUE GROWTH	FAIR
Rev LTM ($ Bil)	0.0
Rev Chg Q	�	6.4%
Rev Chg LTM	�	5.4%
VALUATION	VERY LOW
P/CFO	-33.8	15.5
P/FCF	-33.8	20.6
P/E	7.9	23.6
STABILITY	GOOD
Debt/Equity	0.00	0.21
Cash/Assets	0.08	0.07

AIRJ Stock

Return (1M):

Factor Drivers of Stock Movement

The 22.6% change in AIRJ stock from 7/31/2025 to 10/30/2025 was primarily driven by a 0.0% change in the company's Net Income Margin (%).

	7312025	10302025	Change
Stock Price ($)	4.12	5.05	22.57%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	0.00	0.00	�
Net Income Margin (%)	∞%	∞%	�
P/E Multiple	4.71	7.85	66.69%
Shares Outstanding (Mil)	56.05	59.25	-5.71%
Cumulative Contribution			�

LTM = Last Twelve Months as of date shown

The -3.4% change in AIRJ stock from 5/1/2025 to 10/30/2025 was primarily driven by a -11.7% change in the company's Shares Outstanding (Mil).

	5012025	10302025	Change
Stock Price ($)	5.23	5.05	-3.44%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	0.00	0.00	�
P/S Multiple	∞	∞	�
Shares Outstanding (Mil)	53.06	59.25	-11.66%
Cumulative Contribution			�

LTM = Last Twelve Months as of date shown

The -23.9% change in AIRJ stock from 10/30/2024 to 10/30/2025 was primarily driven by a -58.3% change in the company's Shares Outstanding (Mil).

	10302024	10302025	Change
Stock Price ($)	6.64	5.05	-23.95%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	�	0.00	�
Net Income Margin (%)	�	∞%	�
P/E Multiple	�	7.85	�
Shares Outstanding (Mil)	37.43	59.25	-58.30%
Cumulative Contribution			�

LTM = Last Twelve Months as of date shown

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Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
AIRJ Return	-	-	-	7%	-26%	-37%	-47%
Peers Return	32%	47%	-8%	49%	3%	0%	174%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	110%
Monthly Win Rates [3]
AIRJ Win Rate	-	-	70%	100%	50%	56%
Peers Win Rate	52%	50%	45%	58%	45%	56%
S&P 500 Win Rate	58%	75%	42%	67%	75%	67%
Max Drawdowns [4]
AIRJ Max Drawdown	-	-	-	0%	-52%	-52%
Peers Max Drawdown	-31%	-3%	-29%	-11%	-21%	-24%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: WMS, WTS, UFPI, GFF, ILAG.
[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 10/30/2025 (YTD)

How Low Can It Go

Unique Key	Event	AIRJ	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-4.1%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	4.2%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	204 days	464 days

Compare to WMS, WTS, UFPI, GFF, ILAG

In The Past

AirJoule Technologies's stock fell -4.1% during the 2022 Inflation Shock from a high on 6/16/2023. A -4.1% loss requires a 4.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About AirJoule Technologies (AIRJ)

Business Description

Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.

Better Bets than AirJoule Technologies (AIRJ)

	AIRJ	Better Performance than AIRJ
Metric	Value	Industry (Building Products)
Total Yield	12.7%	BCC (18.8%), INVE (81.5%), UUU (24.3%)

	AIRJ	Better Performance than AIRJ
Metric	Value	Sector (Industrials)
Total Yield	12.7%	UPS (13.8%), DAL (13.1%), AER (17.8%), GFL (22.5%), FLR (51.4%)

	AIRJ	Better Performance than AIRJ
Metric	Value	All Other Sectors
Total Yield	12.7%	BABA (36.3%), TM (2018.7%), VZ (19.0%), TD (14.9%), PFE (13.0%)

		Best Bets In Industrials Sector
	AIRJ	GATX	VRSK	ADT	CPRT	NDSN	TDG	PCTY	FTV	VRRM	CSL
What You Pay
P/E	7.9	17.8	32.9	11.7	26.5	28.8	39.3	36.8	28.1	73.3	11.4
P/EBIT	-23.9	8.5	22.5	5.6	24.2	19.5	19.1	27.8	13.7	21.7	12.6
What You Get
Rev Chg Q	�	11.3%	5.9%	6.8%	5.2%	12.1%	9.3%	12.2%	2.3%	16.1%	-0.1%
Rev Chg LTM	�	11.7%	7.3%	6.6%	9.7%	4.5%	12.8%	7.0%	27.9%	8.5%	4.4%
Rev Chg 3Y Avg	�	9.8%	13.4%	2.6%	9.9%	3.6%	18.2%	22.7%	9.4%	9.1%	5.2%
FCF/Rev 3Y Avg	�	38.6%	33.2%	24.1%	23.7%	21.5%	20.8%	20.5%	20.1%	19.0%	18.3%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 16%, alpha of 4.2%, and sharpe of 0.76

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	AirJoule Technologies Stock Up 10%, Buy Or Wait?	Return

	Title
0	ARTICLES
1	AirJoule Technologies Stock Up 10%, Buy Or Wait?

Trade Ideas

Select past ideas related to AIRJ. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
FCN_9302025_Dip_Buyer_ValueBuy	09302025	FCN	FTI Consulting	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	4.4%	4.4%	-6.2%
ODFL_9122025_Monopoly_xInd_xCD_Getting_Cheaper	09122025	ODFL	Old Dominion Freight Line	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-6.0%	-6.0%	-7.3%
EFX_8312025_Monopoly_xInd_xCD_Getting_Cheaper	08312025	EFX	Equifax	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-12.9%	-12.9%	-12.9%
UHAL_8312025_Monopoly_xInd_xCD_Getting_Cheaper	08312025	UHAL	U-Haul	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-7.2%	-7.2%	-7.2%
BWXT_8312025_Quality_Momentum_RoomToRun_10%	08312025	BWXT	BWX Technologies	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	31.9%	31.9%	-1.2%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
FCN_9302025_Dip_Buyer_ValueBuy	09302025	FCN	FTI Consulting	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	4.4%	4.4%	-6.2%
ODFL_9122025_Monopoly_xInd_xCD_Getting_Cheaper	09122025	ODFL	Old Dominion Freight Line	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-6.0%	-6.0%	-7.3%
EFX_8312025_Monopoly_xInd_xCD_Getting_Cheaper	08312025	EFX	Equifax	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-12.9%	-12.9%	-12.9%
UHAL_8312025_Monopoly_xInd_xCD_Getting_Cheaper	08312025	UHAL	U-Haul	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-7.2%	-7.2%	-7.2%
BWXT_8312025_Quality_Momentum_RoomToRun_10%	08312025	BWXT	BWX Technologies	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	31.9%	31.9%	-1.2%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GH	Guardant Health	27.9%	202.5%
2	GCI	Gannett	27.7%	3.8%
3	FORM	FormFactor	24.2%	34.7%
4	VIAV	Viavi Solutions	22.3%	69.3%
5	GSAT	Globalstar	22.2%	63.5%
6	MTSR	Metsera	22.1%	63729900.0%
7	PRM	Perimeter Solutions	21.1%	102.3%
8	CHRW	C.H. Robinson Worldwide	19.7%	52.6%
9	INSM	Insmed	16.3%	181.3%
10	CAH	Cardinal Health	15.4%	62.8%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	FMC	FMC	-46.5%	-66.6%
2	APLS	Apellis Pharmaceuticals	-31.0%	-35.0%
3	THRY	Thryv	-30.2%	-44.8%
4	SFM	Sprouts Farmers Market	-26.1%	-39.2%
5	IART	Integra Lifesciences	-23.5%	-47.9%
6	ITRI	Itron	-21.1%	0.4%
7	WOLF	Wolfspeed	-18.2%
8	CMG	Chipotle Mexican Grill	-18.2%	-46.1%
9	CI	Cigna	-17.4%	-9.2%
10	EME	EMCOR	-16.6%	43.0%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	INBX	Inhibrx Biosciences	176.8%	409.8%
2	PUMP	ProPetro	71.2%	16.2%
3	RNA	Avidity Biosciences	43.5%	139.6%
4	DYN	Dyne Therapeutics	42.8%	-0.0%
5	GCI	Gannett	39.3%	3.8%
6	FORM	FormFactor	38.3%	34.7%
7	MBX	MBX Biosciences	35.1%	18.2%
8	BBNX	Beta Bionics	33.8%
9	GH	Guardant Health	33.3%	202.5%
10	LUMN	Lumen Technologies	32.7%	94.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	PMI	Picard Medical	-75.2%	5106.3%
2	LRN	Stride	-56.1%	-35.8%
3	NTLA	Intellia Therapeutics	-52.6%	5.2%
4	FMC	FMC	-48.7%	-66.6%
5	FI	Fiserv	-47.4%	-68.3%
6	VRNS	Varonis Systems	-43.8%	-21.2%
7	THRY	Thryv	-33.4%	-44.8%
8	NFE	New Fortress Energy	-30.5%	-91.9%
9	AKBA	Akebia Therapeutics	-29.5%	10.5%
10	UAMY	United States Antimony	-28.9%	371.2%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PRAX	Praxis Precision Medicines	279.1%	161.2%
2	INBX	Inhibrx Biosciences	131.0%	409.8%
3	PUMP	ProPetro	99.6%	16.2%
4	DYN	Dyne Therapeutics	88.4%	-0.0%
5	VICR	Vicor	85.4%	89.2%
6	CELC	Celcuity	74.6%	503.2%
7	GLUE	Monte Rosa Therapeutics	73.5%	87.5%
8	NVTS	Navitas Semiconductor	72.1%	251.8%
9	LUMN	Lumen Technologies	70.3%	94.7%
10	BALY	Ballys	63.4%	4.1%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	-62.9%	5106.3%
2	LRN	Stride	-53.8%	-35.8%
3	FMC	FMC	-51.0%	-66.6%
4	FI	Fiserv	-48.3%	-68.3%
5	NFE	New Fortress Energy	-43.6%	-91.9%
6	VG	Venture Global	-41.7%
7	OGN	Organon	-40.2%	-55.0%
8	VRNS	Varonis Systems	-39.5%	-21.2%
9	ITGR	Integer	-38.5%	-52.2%
10	LENZ	LENZ Therapeutics	-37.9%	5.5%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GH	Guardant Health	27.9%	202.5%
2	GCI	Gannett	27.7%	3.8%
3	FORM	FormFactor	24.2%	34.7%
4	VIAV	Viavi Solutions	22.3%	69.3%
5	GSAT	Globalstar	22.2%	63.5%
6	MTSR	Metsera	22.1%	63729900.0%
7	PRM	Perimeter Solutions	21.1%	102.3%
8	CHRW	C.H. Robinson Worldwide	19.7%	52.6%
9	INSM	Insmed	16.3%	181.3%
10	CAH	Cardinal Health	15.4%	62.8%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	FMC	FMC	-46.5%	-66.6%
2	APLS	Apellis Pharmaceuticals	-31.0%	-35.0%
3	THRY	Thryv	-30.2%	-44.8%
4	SFM	Sprouts Farmers Market	-26.1%	-39.2%
5	IART	Integra Lifesciences	-23.5%	-47.9%
6	ITRI	Itron	-21.1%	0.4%
7	WOLF	Wolfspeed	-18.2%
8	CMG	Chipotle Mexican Grill	-18.2%	-46.1%
9	CI	Cigna	-17.4%	-9.2%
10	EME	EMCOR	-16.6%	43.0%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	INBX	Inhibrx Biosciences	176.8%	409.8%
2	PUMP	ProPetro	71.2%	16.2%
3	RNA	Avidity Biosciences	43.5%	139.6%
4	DYN	Dyne Therapeutics	42.8%	-0.0%
5	GCI	Gannett	39.3%	3.8%
6	FORM	FormFactor	38.3%	34.7%
7	MBX	MBX Biosciences	35.1%	18.2%
8	BBNX	Beta Bionics	33.8%
9	GH	Guardant Health	33.3%	202.5%
10	LUMN	Lumen Technologies	32.7%	94.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	PMI	Picard Medical	-75.2%	5106.3%
2	LRN	Stride	-56.1%	-35.8%
3	NTLA	Intellia Therapeutics	-52.6%	5.2%
4	FMC	FMC	-48.7%	-66.6%
5	FI	Fiserv	-47.4%	-68.3%
6	VRNS	Varonis Systems	-43.8%	-21.2%
7	THRY	Thryv	-33.4%	-44.8%
8	NFE	New Fortress Energy	-30.5%	-91.9%
9	AKBA	Akebia Therapeutics	-29.5%	10.5%
10	UAMY	United States Antimony	-28.9%	371.2%

Peer Comparisons for AirJoule Technologies

Financials

	AIRJ	WMS	WTS	UFPI	GFF	ILAG	Median
Name	AirJoule.	Advanced.	Watts Wa.	UFP Indu.	Griffon	Intellig.
Mkt Price	5.05	139.09	273.07	91.80	74.78	0.54	83.29
Mkt Cap	0.3	10.8	9.1	5.2	3.4	-	5.2
Rev LTM	0	2,919	2,286	6,542	2,517	-	2,517
Op Inc LTM	-13	648	432	424	443	-	432
FCF LTM	-9	465	317	261	294	-	294
FCF 3Y Avg	-	484	292	604	338	-	411
CFO LTM	-9	673	355	517	355	-	355
CFO 3Y Avg	-	677	325	819	398	-	538

Growth & Margins

	AIRJ	WMS	WTS	UFPI	GFF	ILAG	Median
Name	AirJoule.	Advanced.	Watts Wa.	UFP Indu.	Griffon	Intellig.
Rev Chg LTM	-	0.2%	3.0%	-5.1%	-3.4%	-	-1.6%
Rev Chg 3Y Avg	-	-1.1%	6.1%	-11.6%	-2.4%	-	-1.7%
Rev Chg Q	-	1.8%	7.8%	-3.5%	-5.3%	-	-0.9%
QoQ Delta Rev Chg LTM	-	0.5%	2.1%	-1.0%	-1.3%	-	-0.3%
Op Mgn LTM	-	22.2%	18.9%	6.5%	17.6%	-	18.2%
Op Mgn 3Y Avg	-	23.6%	17.7%	8.1%	14.3%	-	16.0%
QoQ Delta Op Mgn LTM	-	-0.6%	0.8%	-0.4%	1.2%	-	0.2%
CFO/Rev LTM	-	23.1%	15.5%	7.9%	14.1%	-	14.8%
CFO/Rev 3Y Avg	-	23.2%	15.0%	11.2%	15.2%	-	15.1%
FCF/Rev LTM	-	15.9%	13.9%	4.0%	11.7%	-	12.8%
FCF/Rev 3Y Avg	-	16.6%	13.4%	8.2%	12.8%	-	13.1%

Valuation

	AIRJ	WMS	WTS	UFPI	GFF	ILAG	Median
Name	AirJoule.	Advanced.	Watts Wa.	UFP Indu.	Griffon	Intellig.
Mkt Cap	0.3	10.8	9.1	5.2	3.4	-	5.2
P/S	-	3.7	4.0	0.8	1.3	-	2.5
P/EBIT	-23.9	16.4	22.1	11.2	15.8	-	15.8
P/E	7.9	25.0	29.4	15.1	48.4	-	25.0
P/CFO	-33.8	16.0	25.8	10.1	9.6	-	10.1
Total Yield	12.7%	4.5%	4.1%	8.2%	3.2%	-	4.5%
Dividend Yield	0.0%	0.5%	0.7%	1.6%	1.1%	-	0.7%
FCF Yield 3Y Avg	-	4.9%	4.3%	10.0%	12.8%	-	7.5%
D/E	0.0	0.1	0.0	0.1	0.5	-	0.1
Net D/E	-0.1	0.1	-0.0	-0.1	0.4	-	-0.0

Returns

	AIRJ	WMS	WTS	UFPI	GFF	ILAG	Median
Name	AirJoule.	Advanced.	Watts Wa.	UFP Indu.	Griffon	Intellig.
1M Rtn	7.7%	0.3%	-2.2%	-1.8%	-1.8%	-14.7%	-1.8%
3M Rtn	22.6%	21.4%	4.3%	-6.0%	-7.8%	16.6%	10.4%
6M Rtn	-3.4%	22.8%	30.2%	-7.5%	8.8%	41.9%	15.8%
12M Rtn	-23.9%	-8.4%	39.2%	-24.0%	18.7%	-49.4%	-16.2%
3Y Rtn	-49.1%	21.8%	91.1%	33.6%	156.2%	-79.8%	27.7%
1M Excs Rtn	0.6%	-2.8%	-3.6%	-2.9%	-3.5%	-16.6%	-3.2%
3M Excs Rtn	17.5%	13.1%	-3.7%	-15.1%	-16.6%	5.8%	1.0%
6M Excs Rtn	-25.2%	1.0%	8.5%	-29.2%	-12.9%	20.2%	-5.9%
12M Excs Rtn	-41.9%	-24.3%	22.4%	-46.5%	0.2%	-66.1%	-33.1%
3Y Excs Rtn	-125.7%	-63.9%	27.0%	-39.8%	76.5%	-158.7%	-51.8%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021
Period End	6/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Filing Date	8/14/2025	3/25/2025	3/25/2025	1/10/2024	1/10/2024
Key Financials
Total Revenue	0	0	0	0	0
EBITDA	-13	-11	-11	-3	-2
Operating Income	-13	-11	-11	-3	-2
Net Income	38	216	-11	-3	-2
EPS	0.52	4.15	-0.21	-0.07	-0.06
Growth Rates
Total Revenue Growth	-	-	-	-	-
EBITDA Growth	7.2%	1.6%	-310.5%	-22.8%	-
Operating Income Growth	7.5%	1.5%	-307.8%	-23.9%	-
Net Income Growth	-79.7%	1995.5%	-307.4%	-20.9%	-
Margins
EBITDA Margin	-	-	-	-	-
Operating Income Margin	-	-	-	-	-
Net Income Margin	-	-	-	-	-
Cash & Debt
Total Cash	31	28	0	5	3
Total Debt	0	0	0	0	0
Net Debt / (Cash)	-30	-28	-0	-5	-3
Cash Flows
Net Cash from Operations	-9	-24	-5	-3	-2
Free Cash from Operations	-9	-24	-5	-3	-2
Returns to Shareholders
Dividends	0	-0	-0	-0	-0
Share Repurchases	-0	-0	-0	-0	-0

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	8/14/2025	5/13/2025	3/25/2025	11/13/2024	8/23/2024	5/20/2024	3/25/2025	1/10/2024	8/23/2024	8/23/2024	1/10/2024	1/10/2024
Key Financials Quarterly
Total Revenue	0	0	0	0	0	0	0	0	0	0	0	0
Ebitda	-4	-3	-3	-2	-4	-2	-3	-5	-3	-1	-1	-1
Operating Income	-4	-3	-3	-2	-4	-2	-3	-5	-3	-1	-1	-1
Net Income	3	15	-14	35	13	182	-3	-5	-3	-1	-1	-1
EPS	0.00	0.27	-0.38	0.63	0.25	4.33	-0.06	-0.12	-0.08	-0.02	-0.03	-0.02
Key Financials TTM
Total Revenue TTM	0	0	0	0	0	0	0	0	0	-	-	-
Ebitda TTM	-13	-13	-11	-11	-13	-12	-11	-10	-6	-	-	-
Operating Income TTM	-13	-13	-11	-11	-14	-12	-11	-10	-6	-	-	-
Net Income TTM	38	49	216	227	187	171	-11	-10	-6	-	-	-
Growth Rates Quarterly
Total Revenue Growth	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA Growth	4.1%	-93.4%	5.3%	47.8%	-42.6%	-98.6%	-162.1%	-698.2%	-	-	-	-
Operating Income Growth	4.0%	-87.9%	5.2%	47.8%	-42.6%	-103.5%	-157.8%	-697.8%	-	-	-	-
Net Income Growth	-81.3%	-91.8%	-383.6%	869.9%	542.1%	21852.9%	-157.7%	-696.7%	-	-	-	-
Margins Quarterly
EBITDA Margin	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income Margin	-	-	-	-	-	-	-	-	-	-	-	-
Net Income Margin	-	-	-	-	-	-	-	-	-	-	-	-
Cash & Debt
Total Cash	31	23	28	31	35	37	0	1	-	-	5	-
Total Debt	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt / (Cash)	-30	-23	-28	-31	-34	-37	-0	-1	-	-	-5	-
Cash Flows Quarterly
FCF from Operations	-2	0	-3	-4	-11	-6	-1	-2	-1	-1	-1	-
Cash Flows TTM
FCF from Operations TTM	-9	-18	-24	-23	-21	-11	-5	-5	-	-	-	-
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-39.4%	-37.6%	-38.4%	-42.6%	-97.7%	-	-108.2%	-140.8%	-	-	-708.4%	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	-29.6%	-37.5%	-31.7%	-37.3%	-52.6%	-	-104.1%	-74.1%	-	-	-	-

Price Behavior

Price Behavior

Market Price	$5.05
Market Cap ($ Bil)	0.3
First Trading Date	02/01/2022
Distance from 52W High	-55.4%
	50 Days	200 Days
DMA Price	$5.02	$5.63
DMA Trend	down	up
Distance from DMA	0.6%	-10.3%
	3M	1YR
Volatility	79.3%	79.6%
Downside Capture	299.28	236.68
Upside Capture	294.90	172.04
Correlation (SPY)	36.8%	26.4%

AIRJ Betas & Captures as of 9/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.61	1.24	1.59	0.68	0.92	0.40
Up Beta	5.89	1.42	0.76	0.23	0.25	-0.13
Down Beta	-5.61	1.87	0.64	0.53	0.97	1.25
Up Capture	51%	137%	181%	143%	165%	9%
Bmk +ve Days	13	23	35	74	144	420
Stock +ve Days	10	20	28	58	128	304
Down Capture	42%	57%	259%	157%	140%	92%
Bmk -ve Days	8	19	29	52	107	330
Stock -ve Days	11	21	34	65	117	250

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	10152025
Short Interest: Shares Quantity	1,113,983
Short Interest: % Change Since 9302025	3.0%
Average Daily Volume	305,280
Days-to-Cover Short Interest	3.65
Basic Shares Quantity	59,247,717
Short % of Basic Shares	1.9%

Returns Analyses

	Title
0	AirJoule Technologies Stock Up 10%, Buy Or Wait?

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
8/13/2025	5.5%	-0.8%	-2.3%
3/25/2025	-26.7%	-31.2%	-30.7%
11/13/2024	5.0%	13.8%	43.5%
8/23/2024	0.5%	-16.3%	-3.3%
5/20/2024	5.5%	52.4%	-27.1%
SUMMARY STATS
# Positive	4	2	1
# Negative	1	3	4
Median Positive	5.2%	33.1%	43.5%
Median Negative	-26.7%	-16.3%	-15.2%
Max Positive	5.5%	52.4%	43.5%
Max Negative	-26.7%	-31.2%	-30.7%

	Forward Returns
8/13/2025	5.5%	-0.8%	-2.3%
3/25/2025	-26.7%	-31.2%	-30.7%
11/13/2024	5.0%	13.8%	43.5%
8/23/2024	0.5%	-16.3%	-3.3%
5/20/2024	5.5%	52.4%	-27.1%
SUMMARY STATS
# Positive	4	2	1
# Negative	1	3	4
Median Positive	5.2%	33.1%	43.5%
Median Negative	-26.7%	-16.3%	-15.2%
Max Positive	5.5%	52.4%	43.5%
Max Negative	-26.7%	-31.2%	-30.7%

SEC Filings

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Report Date	Filing Date	Filing
6302025	8142025	10-Q 6/30/2025
3312025	5132025	10-Q 3/31/2025
12312024	3252025	10-K 12/31/2024
9302024	11132024	10-Q 9/30/2024
6302024	8232024	10-Q 6/30/2024
3312024	5202024	10-Q 3/31/2024
3312023	8232024	10-Q/A 3/31/2023
12312022	1102024	S-4/A 12/31/2022

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Spence John Yogi		10212024	Buy	8.50	11,765	100,002	524,161	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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AirJoule Technologies (AIRJ)

Market Price (10/31/2025): $5.05 | Market Cap: $299.2 MilSector: Industrials | Industry: Building Products

AirJoule Technologies (AIRJ)

Market Price (10/31/2025): $5.05Market Cap: $299.2 MilSector: IndustrialsIndustry: Building Products

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Market Price (10/31/2025): $5.05 | Market Cap: $299.2 Mil
Sector: Industrials | Industry: Building Products

Market Price (10/31/2025): $5.05
Market Cap: $299.2 Mil
Sector: Industrials
Industry: Building Products