Air T (AIRT)
Market Price (5/24/2026): $21.26 | Market Cap: $57.5 MilSector: Industrials | Industry: Industrial Conglomerates
Air T (AIRT)
Market Price (5/24/2026): $21.26Market Cap: $57.5 MilSector: IndustrialsIndustry: Industrial Conglomerates
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Future of Freight, and Automation & Robotics. Themes include Freight Technology, and Process / Warehouse Automation. | Weak multi-year price returns2Y Excs Rtn is -44%, 3Y Excs Rtn is -99% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -7.9 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.9% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 288% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -8.6%, Rev Chg QQuarterly Revenue Change % is -8.7% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -7.7%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -8.2% 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 -15% Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 18.98 Key risksAIRT key risks include [1] a heavy reliance on FedEx, Show more. |
| Megatrend and thematic driversMegatrends include Future of Freight, and Automation & Robotics. Themes include Freight Technology, and Process / Warehouse Automation. |
| Weak multi-year price returns2Y Excs Rtn is -44%, 3Y Excs Rtn is -99% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -7.9 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.9% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 288% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -8.6%, Rev Chg QQuarterly Revenue Change % is -8.7% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -7.7%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -8.2% |
| 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 -15% |
| Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 18.98 |
| Key risksAIRT key risks include [1] a heavy reliance on FedEx, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Q1 2026 Earnings and Management Commentary Led to Flat Movement.
Air T's "Q1 2026 earnings" (released around May 1, 2026) reported an adjusted earnings per share (EPS) of $1.61, but the shares remained largely flat with "normal trading activity" observed following the announcement. Management noted that "targeted cost optimization initiatives" and "steady demand across the firm's high-margin service segments" supported the reported profitability. The absence of revenue metrics in the initial public release may have contributed to the market's subdued reaction.
2. Balanced Impact of Capital Raising Intent and Dividend Declaration.
On February 13, 2026, Air T announced its intent to raise additional capital through Trust Preferred Securities, a move that could have introduced some market uncertainty. Conversely, the declaration of a $0.50 dividend on February 6, 2026, likely offered support for the stock by appealing to income-oriented investors. These opposing financial events may have balanced each other out, contributing to the stable stock price trend.
Show more
Stock Movement Drivers
Fundamental Drivers
The -1.0% change in AIRT stock from 1/31/2026 to 5/23/2026 was primarily driven by a -2.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312026 | 5232026 | Change |
|---|---|---|---|
| Stock Price ($) | 22.53 | 22.30 | -1.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 279 | 272 | -2.4% |
| P/S Multiple | 0.2 | 0.2 | 1.4% |
| Shares Outstanding (Mil) | 3 | 3 | 0.0% |
| Cumulative Contribution | -1.0% |
Market Drivers
1/31/2026 to 5/23/2026| Return | Correlation | |
|---|---|---|
| AIRT | -1.0% | |
| Market (SPY) | 8.1% | 16.3% |
| Sector (XLI) | 4.1% | 7.0% |
Fundamental Drivers
The -3.5% change in AIRT stock from 10/31/2025 to 5/23/2026 was primarily driven by a -8.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 10312025 | 5232026 | Change |
|---|---|---|---|
| Stock Price ($) | 23.10 | 22.30 | -3.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 296 | 272 | -8.0% |
| P/S Multiple | 0.2 | 0.2 | 5.0% |
| Shares Outstanding (Mil) | 3 | 3 | 0.0% |
| Cumulative Contribution | -3.5% |
Market Drivers
10/31/2025 to 5/23/2026| Return | Correlation | |
|---|---|---|
| AIRT | -3.5% | |
| Market (SPY) | 9.9% | 12.1% |
| Sector (XLI) | 11.5% | 6.5% |
Fundamental Drivers
The 39.3% change in AIRT stock from 4/30/2025 to 5/23/2026 was primarily driven by a 49.5% change in the company's P/S Multiple.| (LTM values as of) | 4302025 | 5232026 | Change |
|---|---|---|---|
| Stock Price ($) | 16.01 | 22.30 | 39.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 298 | 272 | -8.6% |
| P/S Multiple | 0.1 | 0.2 | 49.5% |
| Shares Outstanding (Mil) | 3 | 3 | 2.0% |
| Cumulative Contribution | 39.3% |
Market Drivers
4/30/2025 to 5/23/2026| Return | Correlation | |
|---|---|---|
| AIRT | 39.3% | |
| Market (SPY) | 36.0% | 0.6% |
| Sector (XLI) | 32.7% | 1.5% |
Fundamental Drivers
The -6.7% change in AIRT stock from 4/30/2023 to 5/23/2026 was primarily driven by a -26.8% change in the company's P/S Multiple.| (LTM values as of) | 4302023 | 5232026 | Change |
|---|---|---|---|
| Stock Price ($) | 23.90 | 22.30 | -6.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 224 | 272 | 21.4% |
| P/S Multiple | 0.3 | 0.2 | -26.8% |
| Shares Outstanding (Mil) | 3 | 3 | 4.9% |
| Cumulative Contribution | -6.7% |
Market Drivers
4/30/2023 to 5/23/2026| Return | Correlation | |
|---|---|---|
| AIRT | -6.7% | |
| Market (SPY) | 86.3% | 5.7% |
| Sector (XLI) | 79.6% | 6.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AIRT Return | 1% | -2% | -32% | 18% | -4% | 11% | -15% |
| Peers Return | 20% | 8% | 11% | 15% | 28% | 8% | 129% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 98% |
Monthly Win Rates [3] | |||||||
| AIRT Win Rate | 42% | 50% | 33% | 50% | 42% | 60% | |
| Peers Win Rate | 58% | 48% | 45% | 55% | 55% | 52% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| AIRT Max Drawdown | -43% | -50% | -42% | -49% | -28% | -15% | |
| Peers Max Drawdown | -17% | -25% | -19% | -16% | -21% | -19% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: HEI, TXT, AIR, RTX, HON.
[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 5/22/2026 (YTD)
How Low Can It Go
| Event | AIRT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -24.2% | -18.8% |
| % Gain to Breakeven | 32.0% | 23.1% |
| Time to Breakeven | 65 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -10.1% | -7.8% |
| % Gain to Breakeven | 11.2% | 8.5% |
| Time to Breakeven | 307 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -29.0% | -9.5% |
| % Gain to Breakeven | 40.9% | 10.5% |
| Time to Breakeven | 132 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -16.4% | -6.7% |
| % Gain to Breakeven | 19.7% | 7.1% |
| Time to Breakeven | 8 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -43.7% | -24.5% |
| % Gain to Breakeven | 77.6% | 32.4% |
| Time to Breakeven | 150 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -47.0% | -33.7% |
| % Gain to Breakeven | 88.8% | 50.9% |
| Time to Breakeven | 275 days | 140 days |
In The Past
Air T's stock fell -24.2% during the 2025 US Tariff Shock. Such a loss loss requires a 32.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | AIRT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -24.2% | -18.8% |
| % Gain to Breakeven | 32.0% | 23.1% |
| Time to Breakeven | 65 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -29.0% | -9.5% |
| % Gain to Breakeven | 40.9% | 10.5% |
| Time to Breakeven | 132 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -43.7% | -24.5% |
| % Gain to Breakeven | 77.6% | 32.4% |
| Time to Breakeven | 150 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -47.0% | -33.7% |
| % Gain to Breakeven | 88.8% | 50.9% |
| Time to Breakeven | 275 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -30.1% | -19.2% |
| % Gain to Breakeven | 43.2% | 23.8% |
| Time to Breakeven | 159 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -25.2% | -12.2% |
| % Gain to Breakeven | 33.6% | 13.9% |
| Time to Breakeven | 26 days | 62 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -36.0% | -53.4% |
| % Gain to Breakeven | 56.2% | 114.4% |
| Time to Breakeven | 184 days | 1085 days |
In The Past
Air T's stock fell -24.2% during the 2025 US Tariff Shock. Such a loss loss requires a 32.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Air T (AIRT)
AI Analysis | Feedback
It's like a specialized **Ryder or Penske** for cargo aircraft, dry-leasing planes to logistics giants like FedEx.
Think of it as a niche **Caterpillar or John Deere**, manufacturing and servicing specialized ground equipment for airports and airlines.
It's like the **LKQ Corporation** for commercial aircraft, dealing in parts sales, exchanges, and overhaul services, as well as aircraft trading and storage.
AI Analysis | Feedback
- Overnight Air Cargo Services: Provides air express delivery services.
- Ground Support Equipment Sales and Service: Manufactures, sells, and services specialized equipment for aircraft and industrial use, such as deicers and tow tractors.
- Commercial Aircraft, Engine, and Parts Solutions: Offers trading, leasing, sales, exchange, procurement, and overhaul/repair services for commercial aircraft, engines, and parts.
- Aircraft Disassembly and Part-out Services: Provides commercial aircraft storage, maintenance, and disassembly for parts.
AI Analysis | Feedback
Air T (AIRT) sells primarily to other companies and organizations. Its major customers include:
- FedEx (FDX): A major customer for its Overnight Air Cargo segment, with 66 aircraft under dry-lease agreements.
The company also serves a variety of other corporate and organizational customers across its segments. These customer categories include:
- Passenger and cargo airlines
- Ground handling companies
- The United States Air Force
- Airports
- Industrial customers
AI Analysis | Feedback
nullAI Analysis | Feedback
Here is the management team for Air T (symbol: AIRT):Nick Swenson, Chairman & CEO
Nick Swenson joined the Air T, Inc. Board of Directors in August 2012, became Chairman in August 2013, served as interim CEO in October 2013, and was appointed Chief Executive Officer in February 2014. He is the managing member of AO Partners, LLC, which is the general partner of AO Partners I, L.P., a significant shareholder of Air T. Prior to his tenure at Air T, Mr. Swenson was a portfolio manager and partner at Whitebox Advisors, LLC from 2001 to 2009. He also served as a Research Analyst at Varde Partners, LLC, a hedge fund specializing in distressed debt, from 1999 to 2001. Mr. Swenson founded Groveland Capital LLC in 2009, where he served as CEO and Portfolio Manager, and also founded Whitebox Hedged High Yield Fund Ltd. and Whitebox Combined Fund. His work at Whitebox Advisors was noted in Michael Lewis's book "The Big Short" for his accurate navigation of the subprime mortgage market. He has also held board positions at other public companies, including Chairman of Pro-Dex Inc. and a director of Lendway, Inc.
Tracy Kennedy, Chief Financial Officer
Tracy Kennedy was appointed Chief Financial Officer of Air T, Inc., effective October 16, 2024. She has been with Air T for over six years, progressing through roles as Director of Accounting, Corporate Controller, and most recently Chief Accounting Officer. Prior to joining Air T, Ms. Kennedy was a Controller-Business Unit at Driven Brands, Inc. and a Senior Audit professional at Deloitte & Touche LLP. She holds a graduate degree from Lee University and an MBA from The Wake Forest University School of Business.
Mark Jundt, General Counsel
Mark Jundt joined Air T as General Counsel in May 2018. He brings 15 years of legal experience, including expertise in mergers, acquisitions, litigation, risk management, securities law, and commercial arrangements. Before joining Air T, Mr. Jundt served as Principal Legal Counsel, International and Global Disputes, for CHS Inc., a Fortune 100 company. He previously oversaw Litigation and Employment Law at RSM, an international accounting firm, and began his legal career as a commercial attorney at Blackwell Burke. Mr. Jundt has also served on the Board of Directors of Lendway, Inc. since November 2022, becoming its Chair in August 2023, and was appointed Co-Chief Executive Officer of Lendway, Inc. effective July 1, 2024.
Katrina Philp, Chief Of Staff
Katrina Philp serves as the Chief of Staff at Air T, Inc.
AI Analysis | Feedback
The key risks to Air T's business are:
Significant Reliance on FedEx: Air T's Overnight Air Cargo segment, a core part of its operations, has a substantial dependency on FedEx, with 66 aircraft under dry-lease agreements as of March 31, 2021. This creates a considerable customer concentration risk. Any changes in FedEx's operational strategy, financial health, or decision to reduce its reliance on third-party leased aircraft could materially and adversely impact Air T's revenue and profitability from this segment.
Cyclicality and Dependence on the Aviation and Air Cargo Industries: All of Air T's business segments—Overnight Air Cargo, Ground Equipment Sales, and Commercial Aircraft, Engines and Parts—are intrinsically linked to the broader health and cyclical nature of the aviation and air cargo industries. Economic downturns, fluctuations in global trade, changes in air travel demand, or reduced capital expenditures by airlines, airports, and cargo operators could negatively affect demand for air express services, ground support equipment, and commercial aircraft/parts trading, leasing, and repair services.
AI Analysis | Feedback
The industry-wide transition towards electric and autonomous ground support equipment (GSE) poses an emerging threat to Air T's Ground Equipment Sales segment. This shift, driven by environmental regulations and operational efficiency demands from airports and airlines, could reduce demand for traditional, non-electric, or manually operated equipment that Air T currently manufactures, sells, and services.
AI Analysis | Feedback
```htmlAir T (symbol: AIRT) operates in several distinct markets, each with significant addressable opportunities.
Overnight Air Cargo Services
The global air cargo market, which includes air express delivery services, was valued at approximately USD 172.74 billion in 2024 and is projected to reach USD 273.50 billion by 2032. North America held a substantial share of this market, valued at USD 55.45 billion in 2024, representing 32.10% of the global air cargo market. Another estimate for the global air cargo market indicated a size of USD 186.24 billion in 2025, with North America accounting for over 40% of this revenue, reaching USD 74.50 billion. Specifically for the U.S., the air freight transport market was estimated at USD 64.06 billion in 2025 and is projected to grow to USD 91.81 billion by 2034.
Ground Equipment Sales
The global market for aircraft ground support equipment (GSE), which includes products like deicers, lifts, and tow tractors, was valued at USD 6.15 billion in 2024 and is projected to grow to USD 7.45 billion by 2029. Other estimates place the global GSE market at USD 10 billion in 2025, expanding to USD 19.7 billion by 2035, or USD 11.7 billion in 2025, reaching USD 18.6 billion by 2032. North America holds the largest market share in the aircraft ground support equipment market, accounting for 41.1% in 2025. The U.S. ground support equipment market alone is projected to reach USD 1.98 billion by 2026.
Commercial Aircraft, Engines, and Parts
Air T's involvement in commercial aircraft trading, leasing, parts solutions, and MRO services positions it within the broader commercial aircraft MRO and aircraft parts markets.
- Commercial Aircraft MRO (Maintenance, Repair, and Overhaul): The global commercial aircraft MRO market is estimated at USD 100.99 billion in 2026 and is projected to reach USD 128.17 billion by 2031. Another assessment valued the global commercial aircraft MRO services market at USD 110.7 billion in 2023, with an expected increase to USD 146.9 billion by 2032. North America's aircraft MRO market held over 25% of the global revenue share in 2024.
- Aircraft Parts (including aftermarket and PMA parts): The global aircraft parts market was valued at approximately USD 702.19 billion in 2024 and is expected to grow to USD 1,091.20 billion by 2033. North America constituted about 37.9% of this global market in 2024. More specifically, the U.S. aircraft parts market was valued at USD 228.6 billion in 2024. The global aircraft aftermarket parts market was valued at USD 48.71 billion in 2024 and is projected to reach USD 93.52 billion by 2032. The global commercial aircraft parts manufacturer approval (PMA) market was valued at USD 11.4 billion in 2024 and is estimated to reach USD 15.6 billion by 2033.
AI Analysis | Feedback
Air T, Inc. (symbol: AIRT) is expected to drive future revenue growth over the next 2-3 years through several key initiatives across its diverse business segments: * **Strategic Acquisition of Regional Airlines:** Air T's acquisition of Rex Regional Airlines in December 2025 is a significant strategic expansion effort. This move signals the company's entry into or expansion within the regional airline sector, providing new revenue streams through passenger and cargo services under long-term commitments. * **Growth in the Digital Solutions Segment:** The Digital Solutions segment is a key long-term growth area for Air T, with reported revenue increases primarily driven by growing software subscriptions. This segment's focus on recurring monthly revenues from its software offerings contributes to consistent growth. * **Increased Demand and Backlog in Ground Support Equipment (GSE):** Air T's Ground Support Equipment segment has demonstrated growth through an expanding order backlog. The backlog was reported at $12.9 million as of December 31, 2025, a significant increase from $6.2 million in the prior year, indicating future revenue from manufacturing, selling, and servicing specialized aviation equipment, particularly through multi-year municipal and airport tenders. * **Expansion of Commercial Aircraft, Engines, and Parts Trading and Leasing:** The company anticipates revenue to shift towards higher-margin engines and parts trading and leasing over 2025-2027. This includes scaling the trading of various engine platforms (e.g., CFM56, V2500, CF34) and expanding part-out programs to meet demand from mid-life fleet teardowns and green-time leasing. * **Overnight Air Cargo Route and Fleet Expansion:** Air T aims to leverage its contractual flying with major integrators, such as FedEx, by expanding routes and adding aircraft. This expansion is aligned with the rebalancing of networks driven by the growth of e-commerce and the increasing demand for time-definite delivery services.AI Analysis | Feedback
Share Repurchases
No recent share repurchases or authorized share repurchase programs within the last 3-5 years were explicitly identified in the provided information.Share Issuance
- Air T, Inc. announced its intent to raise additional capital through Trust Preferred Securities in February 2026.
- Shareholders are set to consider an amendment on August 14, 2025, to increase the authorized preferred stock from 2 million to 4 million shares.
- In June 2025, Air T, Inc. secured a Third Note Purchase Agreement for a Multiple Advance Senior Secured Note of up to $100 million, carrying an 8.5% annual interest rate and maturing on May 31, 2035.
Inbound Investments
- Air T announced a $100 million multi-year financing agreement with institutional investors in June 2025.
Outbound Investments
- On December 18, 2025, a wholly-owned subsidiary of Air T completed the acquisition of substantially all assets and operations of Rex Express Holdings Ltd., marking the company's entry into the Australian regional airline market.
- On May 15, 2025, Mountain Air Cargo, Inc., a wholly-owned subsidiary, acquired Royal Aircraft Services, LLC for $1,050,000 to enhance aircraft maintenance, repair, and overhaul services.
- On January 31, 2023, the Company acquired WASI, an aircraft repair station specializing in medium passenger regional jets, turboprops, cargo, and other operators.
Capital Expenditures
- Capital expenditures in the most recent quarter (as of early 2026 reporting) totaled -$0.78 million.
Trade Ideas
Select ideas related to AIRT.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | GEO | GEO | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 04302026 | RUN | Sunrun | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 0.0% | 0.0% | 0.0% |
| 04172026 | RSG | Republic Services | 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 | 0.8% | 0.8% | -1.1% |
| 04102026 | VRSK | Verisk Analytics | 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 | 12.3% | 12.3% | 0.0% |
| 04102026 | UHAL | U-Haul | 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 | 0.3% | 0.3% | -1.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 142.71 |
| Mkt Cap | 29.0 |
| Rev LTM | 9,911 |
| Op Inc LTM | 1,040 |
| FCF LTM | 841 |
| FCF 3Y Avg | 658 |
| CFO LTM | 910 |
| CFO 3Y Avg | 719 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.0% |
| Rev Chg 3Y Avg | 8.8% |
| Rev Chg Q | 10.2% |
| QoQ Delta Rev Chg LTM | 2.3% |
| Op Inc Chg LTM | 20.6% |
| Op Inc Chg 3Y Avg | 27.5% |
| Op Mgn LTM | 9.7% |
| Op Mgn 3Y Avg | 7.5% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 8.7% |
| CFO/Rev 3Y Avg | 7.7% |
| FCF/Rev LTM | 5.7% |
| FCF/Rev 3Y Avg | 4.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 29.0 |
| P/S | 2.0 |
| P/Op Inc | 19.5 |
| P/EBIT | 17.7 |
| P/E | 28.9 |
| P/CFO | 21.5 |
| Total Yield | 4.2% |
| Dividend Yield | 0.1% |
| FCF Yield 3Y Avg | 3.5% |
| D/E | 0.2 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 1.3% |
| 3M Rtn | -8.1% |
| 6M Rtn | 17.1% |
| 12M Rtn | 24.0% |
| 3Y Rtn | 66.4% |
| 1M Excs Rtn | -3.9% |
| 3M Excs Rtn | -16.4% |
| 6M Excs Rtn | 2.4% |
| 12M Excs Rtn | -5.0% |
| 3Y Excs Rtn | -23.2% |
Price Behavior
| Market Price | $22.30 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 04/24/1984 | |
| Distance from 52W High | -12.9% | |
| 50 Days | 200 Days | |
| DMA Price | $20.07 | $22.65 |
| DMA Trend | indeterminate | down |
| Distance from DMA | 11.1% | -1.6% |
| 3M | 1YR | |
| Volatility | 50.3% | 70.1% |
| Downside Capture | 120.72 | 29.91 |
| Upside Capture | 58.57 | 56.40 |
| Correlation (SPY) | 18.0% | 1.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.20 | 0.51 | 0.46 | 0.37 | 0.03 | 0.22 |
| Up Beta | 0.14 | 0.20 | 0.19 | 0.24 | -0.42 | -0.30 |
| Down Beta | 0.82 | 1.75 | 1.08 | 1.04 | 0.69 | 0.74 |
| Up Capture | -14% | 35% | 17% | 7% | 11% | 6% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 5 | 12 | 22 | 47 | 91 | 321 |
| Down Capture | 190% | 33% | 67% | 33% | -28% | 61% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 9 | 13 | 22 | 36 | 80 | 332 |
[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 AIRT | |
|---|---|---|---|---|
| AIRT | -17.9% | 61.6% | -0.39 | - |
| Sector ETF (XLI) | 23.3% | 15.4% | 1.16 | -0.6% |
| Equity (SPY) | 29.5% | 12.0% | 1.86 | 4.7% |
| Gold (GLD) | 35.5% | 26.8% | 1.11 | 2.9% |
| Commodities (DBC) | 42.9% | 18.7% | 1.77 | 1.9% |
| Real Estate (VNQ) | 15.2% | 13.1% | 0.82 | -4.7% |
| Bitcoin (BTCUSD) | -31.3% | 41.8% | -0.78 | 2.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AIRT | |
|---|---|---|---|---|
| AIRT | -7.6% | 62.0% | 0.10 | - |
| Sector ETF (XLI) | 12.2% | 17.4% | 0.54 | 16.8% |
| Equity (SPY) | 14.0% | 17.0% | 0.64 | 17.1% |
| Gold (GLD) | 18.8% | 18.0% | 0.85 | -0.9% |
| Commodities (DBC) | 10.4% | 19.4% | 0.42 | 3.1% |
| Real Estate (VNQ) | 3.8% | 18.8% | 0.10 | 7.6% |
| Bitcoin (BTCUSD) | 11.6% | 55.3% | 0.41 | 5.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AIRT | |
|---|---|---|---|---|
| AIRT | 2.6% | 117.8% | 0.34 | - |
| Sector ETF (XLI) | 14.0% | 20.0% | 0.62 | 8.7% |
| Equity (SPY) | 15.7% | 17.9% | 0.75 | 9.4% |
| Gold (GLD) | 13.0% | 16.0% | 0.67 | 0.4% |
| Commodities (DBC) | 7.8% | 17.9% | 0.35 | 4.4% |
| Real Estate (VNQ) | 5.5% | 20.7% | 0.23 | 8.4% |
| Bitcoin (BTCUSD) | 66.7% | 66.9% | 1.06 | 4.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/13/2026 | -2.0% | -4.6% | -0.8% |
| 11/12/2025 | 0.3% | -7.1% | -4.4% |
| 6/27/2025 | -2.1% | 0.1% | 4.6% |
| 2/12/2025 | -1.5% | -1.4% | -10.8% |
| 11/12/2024 | 23.2% | 21.3% | 40.8% |
| SUMMARY STATS | |||
| # Positive | 2 | 2 | 2 |
| # Negative | 3 | 3 | 3 |
| Median Positive | 11.8% | 10.7% | 22.7% |
| Median Negative | -2.0% | -4.6% | -4.4% |
| Max Positive | 23.2% | 21.3% | 40.8% |
| Max Negative | -2.1% | -7.1% | -10.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/13/2026 | 10-Q |
| 09/30/2025 | 11/12/2025 | 10-Q |
| 06/30/2025 | 08/13/2025 | 10-Q |
| 03/31/2025 | 06/27/2025 | 10-K |
| 12/31/2024 | 02/12/2025 | 10-Q |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 06/26/2024 | 10-K |
| 12/31/2023 | 02/12/2024 | 10-Q |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/11/2023 | 10-Q |
| 03/31/2023 | 06/27/2023 | 10-K |
| 12/31/2022 | 02/10/2023 | 10-Q |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/12/2022 | 10-Q |
| 03/31/2022 | 06/28/2022 | 10-K |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.