What is Air T's state income taxes, net of federal benefit?

Air T (AIRT) reported state income taxes, net of federal benefit of 3.3% in Q1 2025.

What does state income taxes, net of federal benefit mean?

Represents the specific reconciliation adjustment for state income tax liabilities net of federal tax benefits, expressed as a percentage of pre-tax income. It helps assess the tax burden imposed by state-level regulatory environments.

Air T AIRT State income taxes, net of federal benefit

State income taxes, net of federal benefit at other companies

BancFirst CorporationBANF

2%—

Heritage FinancialHFWA

1%0.0pp

Citizens Financial Services, Inc.CZFS

0.3%-0.2pp

IBEX LimitedIBEX

3.3%+0.5pp

InogenINGN

-0.3%-1.9pp

Willdan GroupWLDN

-1.5%—

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

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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 airt:EffectiveIncomeTaxRateReconciliationPermanentDifferencesOtherPercent.

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 state income taxes, net of federal benefit?: Air T (AIRT) reported state income taxes, net of federal benefit of 3.3% in Q1 2025.
What does state income taxes, net of federal benefit mean?: Represents the specific reconciliation adjustment for state income tax liabilities net of federal tax benefits, expressed as a percentage of pre-tax income. It helps assess the tax burden imposed by state-level regulatory environments.