What is Air T's free cash flow margin?

Air T (AIRT) reported free cash flow margin of -12.7% in Q1 2026.

How has Air T's free cash flow margin changed year-over-year?

Air T's free cash flow margin decreased by 265.3% year-over-year, from 7.7% to -12.7%.

What does free cash flow margin mean?

Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

Air T AIRT Free cash flow margin

Free cash flow margin at other companies

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-0.9%—

AerSale CorporationASLE

-26.9%—

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-9.9%—

FTAI Aviation Ltd.FTAI

-16.8%—

Willis Lease FinanceWLFC

35.4%-4.5pp

Frontier Group Holdings, Inc.ULCC

-12.3%—

Other financials

Income statement

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Revenue$120.9M+82.4%

Operating income-$13.8M—

Net income$77.7M+1,206%

EPS (diluted)$28.75+1,227%

Balance sheet

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Cash & equivalents$20.3M+201%

Total debt$15.6M-87.5%

Total equity$79.8M+2,582%

Total assets$409.1M+135%

Cash flow

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Operating cash flow-$44.0K-101%

CapEx$15.3M+10,139%

Free cash flow-$15.3M-485%

Valuation

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Market cap$71.46M+17.6%

Enterprise value$66.72M-67.5%

P/E0.9×—

P/S0.2×0.0×

Profitability

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Operating margin-3.5%—

Net margin23.8%+22.1pp

Returns & leverage

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Return on equity-157.8%-201pp

Debt / equity0.2×—

Current ratio1.7×0.0×

Where this comes from

Calculated from Air T’s reported figures.

free cash flow/total revenue=-12.7%

Based on trailing twelve months.

The official record: Air T’s 10-K, filed June 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Air T's free cash flow margin?: Air T (AIRT) reported free cash flow margin of -12.7% in Q1 2026.
How has Air T's free cash flow margin changed year-over-year?: Air T's free cash flow margin decreased by 265.3% year-over-year, from 7.7% to -12.7%.
What does free cash flow margin mean?: Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.