A Business at a Glance
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AIR INDUSTRIES GROUP
AIRI
$11M
Mkt Cap
$2.72
+1.87%
AIR INDUSTRIES GROUP (AIRI) has a current P/E ratio of 18.1, compared to its historical median P/E of 36.2. The stock is currently considered Cheap based on its historical valuation range.
AIR INDUSTRIES GROUP (AIRI) has a 5-year average return on invested capital (ROIC) of 1.2%. This is below average and may indicate limited pricing power.
AIR INDUSTRIES GROUP (AIRI) has a market capitalization of $11M. It is classified as a small-cap stock.
AIR INDUSTRIES GROUP (AIRI) does not currently pay a regular dividend.
Based on historical P/E analysis, AIR INDUSTRIES GROUP (AIRI) appears cheap. The current P/E of 18.1 is 50% below its historical median of 36.2. The estimated fair value CAGR (P/E method) is 36.5%.
AIR INDUSTRIES GROUP (AIRI) operates in the Aircraft Parts & Auxiliary Equipment, Nec industry, within the Industrials sector.
AIR INDUSTRIES GROUP (AIRI) reported annual revenue of $48 million in its most recent fiscal year, based on SEC EDGAR filings.
We believe we are one of the leading manufacturers of precision components and assemblies for large aerospace and defense prime contractors. Our products include landing gears, flight controls, engine mounts and components for aircraft jet engines, ground turbines and other complex machines. The ultimate end-user for most of our products is the U.S. Government, international governments, and commercial global airlines. Whether it is a small individual component for assembly by others or complete assemblies we manufacture ourselves, our high quality and extremely reliable products are used in mission critical operations that are essential for safety of military personnel and civilians. We specialize in the aerospace and defense markets, operating within a hierarchical network of suppliers. At the top of the supply chain pyramid is the prime contractor, also known as an Original Equipment Manufacturer (“OEM”).
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 48M | 48M | 55M | 52M | 53M | 59M |
| Net Income | -1.3M | -1.3M | -1.4M | -2.1M | -1.1M | 1.6M |
| EPS | $-0.31 | $-0.31 | $-0.41 | $-0.65 | $-0.33 | $4.50 |
| Free Cash Flow | -4.7M | -4.7M | -2.0M | 2.7M | -1.9M | 2.7M |
| ROIC | -0.6% | -0.8% | 1.3% | -0.8% | -0.6% | 7.1% |
| Gross Margin | 17.1% | 17.1% | 16.2% | 14.4% | 14.0% | 17.4% |
| Debt/Equity | 1.60 | 1.60 | 1.45 | 1.32 | 1.38 | 0.76 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -338K | -338K | 459K | -295K | -194K | 2.5M |
| Operating Margin | -0.7% | -0.7% | 0.8% | -0.6% | -0.4% | 4.2% |
| ROE | -6.8% | -7.6% | -9.1% | -13.3% | -6.3% | 10.0% |
| Shares Outstanding | 4M | 4M | 3M | 3M | 3M | 0M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 64M | 80M | 51M | 50M | 45M | 55M | 50M | 59M | 53M | 52M | 55M | 48M | 48M |
| Gross Margin | 21.9% | 21.5% | 8.3% | 9.8% | 12.2% | 16.8% | 13.0% | 17.4% | 14.0% | 14.4% | 16.2% | 17.1% | 17.1% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 12M | 17M | 3.1M | 2.5M | 1.8M | 155K | N/A | 7.8M | 7.3M | 7.1M | 8.5M | 7.8M | 7.8M |
| EBIT | 1.7M | 626K | -10M | -13M | -4.9M | 328K | -1.4M | 2.5M | -194K | -295K | 459K | -338K | -338K |
| Op. Margin | 2.7% | 0.8% | -19.7% | -25.6% | -11.0% | 0.6% | -2.9% | 4.2% | -0.4% | -0.6% | 0.8% | -0.7% | -0.7% |
| Net Income | 667K | -832K | -16M | -23M | -11M | -2.6M | 2.0M | 1.6M | -1.1M | -2.1M | -1.4M | -1.3M | -1.3M |
| Net Margin | 1.0% | -1.0% | -30.4% | -45.2% | -24.7% | -4.8% | 3.9% | 2.8% | -2.0% | -4.1% | -2.5% | -2.7% | -2.7% |
| Non-Recurring | 635K | 0 | -5K | 6.2M | -232K | 275K | -60K | 0 | 163K | -14K | 15K | 68K | 68K |
| Returns on Capital | |||||||||||||
| ROIC | 2.8% | 0.7% | -51.6% | -91.9% | -57.0% | 0.8% | 10.0% | 7.1% | -0.6% | -0.8% | 1.3% | -0.8% | -0.6% |
| ROE | 2.7% | -2.9% | -58.2% | -105.7% | -74.8% | -23.8% | 15.6% | 10.0% | -6.3% | -13.3% | -9.1% | -7.6% | -6.8% |
| ROA | 1.1% | -1.1% | -18.3% | -31.4% | -20.3% | -5.3% | 3.6% | 2.9% | -2.0% | -4.1% | -2.7% | -2.4% | -2.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -2.8M | -894K | -692K | -4.0M | -2.3M | -888K | -1.5M | 4.1M | 448K | 4.9M | 324K | -1.4M | -1.4M |
| Free Cash Flow | -3.4M | -2.5M | -2.3M | -5.5M | -3.6M | -1.7M | -5.3M | 2.7M | -1.9M | 2.7M | -2.0M | -4.7M | -4.7M |
| Owner Earnings | -6.4M | -5.3M | -5.5M | -7.7M | -5.5M | -4.1M | -4.3M | 818K | -2.6M | 2.1M | -2.5M | -4.9M | -4.9M |
| CapEx | 571K | 1.6M | 1.6M | 1.5M | 1.3M | 764K | 3.8M | 1.4M | 2.4M | 2.1M | 2.3M | 3.3M | 3.3M |
| Maint. CapEx | 3.5M | 4.4M | 4.6M | 3.4M | 2.9M | 3.0M | 2.6M | 2.8M | 2.5M | 2.3M | 2.1M | 2.5M | 2.5M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 1.2M | 0 | 0 | 0 | 229K | 823K | 823K |
| D&A | 3.5M | 4.4M | 4.6M | 3.4M | 2.9M | 3.0M | 2.6M | 2.8M | 2.5M | 2.3M | 2.1M | 2.5M | 2.5M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Stock-Based Comp | 42K | 100K | 167K | 332K | 293K | 244K | 211K | 443K | 526K | 482K | 797K | 1.0M | 1.0M |
| Debt Repayment | 143K | 717K | 1.2M | 1.4M | 500K | 1.8M | 18K | 5K | 284K | 9K | 9K | 9K | 9K |
| Balance Sheet | |||||||||||||
| Net Debt | 44M | 74M | -78K | 42M | 35M | 25M | 29M | 13M | 23M | 20M | 21M | 26M | 26M |
| Cash & Equiv. | 1.4M | 529K | 1.3M | 630K | 2.0M | 1.3M | 2.5M | 627K | 281K | 346K | 753K | 4.6M | 4.6M |
| Long-Term Debt | 8.2M | 3.9M | 3.0M | 3.4M | 5.7M | 3.4M | 11M | 9.3M | 4.6M | 1.1M | 1.8M | 1.5M | 1.5M |
| Debt/Equity | 1.61 | 2.58 | 0.05 | 2.42 | 3.15 | 2.55 | 2.11 | 0.76 | 1.38 | 1.32 | 1.45 | 1.60 | 1.60 |
| Interest Coverage | 1.3 | 0.3 | -105.6 | -1063.2 | -1228.3 | 0.7 | -2.0 | 5.4 | -0.2 | -0.2 | 0.3 | -0.2 | -0.2 |
| Equity | 28M | 29M | 25M | 18M | 12M | 10M | 15M | 17M | 17M | 15M | 15M | 19M | 19M |
| Total Assets | 66M | 88M | 83M | 61M | 48M | 51M | 58M | 53M | 54M | 51M | 51M | 58M | 58M |
| Total Liabilities | 38M | 59M | 58M | 43M | 36M | 41M | 43M | 36M | 37M | 36M | 36M | 39M | 39M |
| Intangibles | 4.5M | 3.9M | 471K | 0 | N/A | 275K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -15M | -15M | -31M | -54M | -65M | -67M | -66M | -65M | -66M | -68M | -69M | -70M | -70M |
| Working Capital | 16M | 2.2M | 8.6M | 9.5M | 9.0M | 5.6M | 16M | 17M | 19M | 12M | 12M | 9.2M | 9.2M |
| Current Assets | 44M | 56M | 62M | 48M | 38M | 38M | 44M | 41M | 42M | 39M | 39M | 47M | 47M |
| Current Liabilities | 28M | 54M | 53M | 38M | 29M | 33M | 27M | 23M | 24M | 27M | 27M | 38M | 38M |
| Per Share Data | |||||||||||||
| EPS | 0.50 | -0.55 | -10.30 | -12.10 | -3.20 | -0.90 | 0.50 | 4.50 | -0.33 | -0.65 | -0.41 | -0.31 | -0.31 |
| Owner EPS | -4.77 | -3.53 | -3.62 | -4.14 | -1.60 | -1.43 | -1.09 | 2.26 | -0.80 | 0.64 | -0.76 | -1.16 | -1.16 |
| Book Value | 21.19 | 19.04 | 16.41 | 9.53 | 3.38 | 3.54 | 3.83 | 48.09 | 5.16 | 4.63 | 4.49 | 4.56 | 4.56 |
| Cash Flow/Share | -2.10 | -0.59 | -0.46 | -2.14 | -0.68 | -0.31 | -0.39 | 11.24 | 0.14 | 1.48 | 0.10 | -0.32 | 0.28 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 1.3M | 1.5M | 1.5M | 1.9M | 3.4M | 2.9M | 3.9M | 0.4M | 3.3M | 3.3M | 3.3M | 4.2M | 4.2M |
| Valuation | |||||||||||||
| P/E Ratio | 93.8 | N/A | N/A | N/A | N/A | N/A | 36.2 | N/A | N/A | N/A | N/A | N/A | -8.8 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | 40.0 | 101.0 | N/A | N/A | N/A | 186.0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 2.2 | 2.1 | 3.0 | 2.7 | 1.8 | 5.8 | 2.6 | N/A | N/A | N/A | N/A | N/A | 0.6 |
| Price/Sales | 1.0 | 0.9 | 2.4 | 1.3 | 0.9 | 0.7 | 0.8 | N/A | N/A | N/A | N/A | N/A | 0.2 |
| FCF Yield | -5.4% | -4.1% | -3.1% | -11.6% | -17.2% | -2.8% | -13.4% | N/A | N/A | N/A | N/A | N/A | -40.8% |
| Market Cap | 63M | 60M | 76M | 48M | 21M | 59M | 40M | 0 | 0 | 0 | 0 | 0 | 11M |
| Avg. Price | 91.63 | 91.49 | 49.35 | 22.87 | 14.35 | 11.87 | 12.72 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.72 |
| Year-End Price | 93.80 | 79.10 | 30.00 | 16.60 | 7.30 | 18.40 | 12.40 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.72 |
AIR INDUSTRIES GROUP passes 2 of 9 quality checks, indicating weak fundamentals.
AIR INDUSTRIES GROUP trades at 18.1x trailing earnings, compared to its 15-year median P/E of 36.2x, suggesting it is currently Cheap relative to its historical range. The company's 5-year average ROIC is 1.2% with a gross margin of 15.8%. At current prices, the estimated annualized return to fair value is +36.5%.
AIR INDUSTRIES GROUP (AIRI) has a net profit margin of -2.7%. The company is currently unprofitable.
AIR INDUSTRIES GROUP (AIRI) generated $-5 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
AIR INDUSTRIES GROUP (AIRI) has a debt-to-equity ratio of 1.60. This indicates higher leverage, which may increase financial risk.
AIR INDUSTRIES GROUP (AIRI) reported earnings per share (EPS) of $-0.31 in its most recent fiscal year.
AIR INDUSTRIES GROUP (AIRI) has a return on equity (ROE) of -7.6%. A negative ROE may indicate losses or negative equity.
AIR INDUSTRIES GROUP (AIRI) has a 5-year average gross margin of 15.8%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for AIR INDUSTRIES GROUP (AIRI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
AIR INDUSTRIES GROUP (AIRI) has a book value per share of $4.56, based on its most recent annual SEC filing.