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Air T AIRT Return on invested capital

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9.5%
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-0.3%
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4.7%+0.4pp
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FTAI Aviation Ltd.FTAI
21.1%+13.2pp
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Frontier Group Holdings, Inc.ULCC
-3.4%-3.5pp

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

Calculated from Air T’s reported figures.

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 return on invested capital?
Air T (AIRT) reported return on invested capital of -12.2% in Q1 2026.
How has Air T's return on invested capital changed year-over-year?
Air T's return on invested capital decreased by 1005.8% year-over-year, from -1.1% to -12.2%.
What is the long-term trend for Air T's return on invested capital?
Over 3 years (2023 to 2026), Air T's return on invested capital has grown at a 59.2% compound annual growth rate (CAGR), from -3% to -12.2%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.