What is Air T's operating margin?

Air T (AIRT) reported operating margin of -3.5% in Q1 2026.

What is the long-term trend for Air T's operating margin?

Over 2 years (2023 to 2026), Air T's operating margin has grown at a 38.3% compound annual growth rate (CAGR), from -1.9% to -3.5%.

What does operating margin mean?

Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

Air T AIRT Operating margin

Operating margin at other companies

AerSale CorporationASLE

5.6%+5.2pp

VSE CorporationVSEC

8.3%+0.6pp

Willis Lease FinanceWLFC

14.9%-8.3pp

Frontier Group Holdings, Inc.ULCC

-4.1%-4.4pp

ALG

Allegiant TravelALGT

2%+1.1pp

StandardAeroSARO

9%+1.2pp

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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Net margin23.8%+22.1pp

FCF margin-12.7%-20.4pp

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.

operating income/total revenue=-3.5%

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 operating margin?: Air T (AIRT) reported operating margin of -3.5% in Q1 2026.
What is the long-term trend for Air T's operating margin?: Over 2 years (2023 to 2026), Air T's operating margin has grown at a 38.3% compound annual growth rate (CAGR), from -1.9% to -3.5%.
What does operating margin mean?: Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.