What is Air T's foreign operations?

Air T (AIRT) reported foreign operations of 2% in Q1 2025.

What does foreign operations mean?

Represents the percentage point variance in the effective tax rate attributable to the geographic mix of earnings in foreign jurisdictions. It indicates whether the company's global footprint is providing a net tax advantage or disadvantage.

Air T AIRT Foreign operations

Foreign operations at other companies

3MMMM

5%+2.9pp

TFX

TeleflexTFX

-66.6%-70.0pp

VirnetX Holding Corp VHC

-0%—

Charles River LaboratoriesCRL

11.1%+9.6pp

Trex CompanyTREX

0%—

ALH

Alliance Laundry Holdings Inc.ALH

-0.9%-0.3pp

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

FCF margin-12.7%-20.4pp

Returns & leverage

See full

Return on equity-157.8%-201pp

Debt / equity0.2×—

Current ratio1.7×0.0×

Where this comes from

Reported directly by Air T in its filing.

Tagged under the XBRL concept us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential.

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 foreign operations?: Air T (AIRT) reported foreign operations of 2% in Q1 2025.
What does foreign operations mean?: Represents the percentage point variance in the effective tax rate attributable to the geographic mix of earnings in foreign jurisdictions. It indicates whether the company's global footprint is providing a net tax advantage or disadvantage.