AIRI · Air Industries Group - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.61M | - | $10.31M | $12.66M | $12.13M | - | $12.55M | $14.06M | - | $12.29M |
| Cost of Revenue | $9.00M | - | $8.01M | $10.63M | $12.15M | - | $10.61M | $12.15M | - | $11.06M |
| Gross Profit | $2.60M | - | $2.29M | $2.64M | $2.03M | - | $1.94M | $1.91M | - | $1.23M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $3.17M | - | $1.98M | $2.02M | $2.78M | - | $1.87M | $2.17M | - | $2.02M |
| D&A | $580.0K | - | $627.0K | $495.0K | $527.0K | - | $511.0K | $527.0K | - | $614.0K |
| Operating Income | ($565.0K) | - | $316.0K | $8.0K | ($746.0K) | - | $67.0K | ($259.0K) | - | ($796.0K) |
| Interest Expense | $407.0K | - | $380.0K | $356.0K | $345.0K | - | $364.0K | $344.0K | - | $118.0K |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($1.02M) | - | ($44.0K) | ($422.0K) | ($988.0K) | - | ($404.0K) | ($706.0K) | - | ($1.30M) |
| EPS - Basic | ($0.21) | - | ($0.01) | ($0.11) | ($0.27) | - | ($0.12) | ($0.21) | - | ($0.40) |
| EPS - Diluted | ($0.21) | - | ($0.01) | ($0.11) | ($0.27) | - | ($0.12) | ($0.21) | - | ($0.40) |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.22M | $4.61M | $4.06M | $247.0K | $285.0K | $753.0K | $186.0K | $225.0K | $346.0K | $740.0K |
| Accounts Receivable | - | $7.07M | - | $6.97M | $6.78M | $8.90M | $7.26M | $8.04M | $7.89M | $9.48M |
| Inventory | $35.28M | $34.26M | $34.43M | $30.19M | $28.93M | $28.81M | $30.51M | $29.36M | $29.85M | $31.35M |
| Accounts Payable | - | $7.10M | - | - | - | $5.58M | - | - | $5.46M | - |
| Current Assets | $48.20M | $46.78M | $45.81M | $38.13M | $36.43M | $39.19M | $38.62M | $38.30M | $38.72M | $37.87M |
| Total Assets | $59.22M | $58.33M | $57.95M | $50.38M | $48.39M | $51.01M | $50.37M | $50.26M | $50.72M | $49.72M |
| Current Liabilities | $38.61M | $37.62M | $37.56M | $28.37M | $26.05M | $27.41M | $26.81M | $26.69M | $26.60M | $25.56M |
| Long-term Debt | $1.46M | $1.51M | $1.55M | $1.62M | $1.69M | $1.76M | $1.75M | $1.47M | $1.11M | $1.16M |
| Total Liabilities | $40.07M | $39.13M | $39.11M | $35.11M | $33.10M | $36.06M | $35.69M | $35.72M | $35.52M | $34.77M |
| Stockholders' Equity | $19.14M | $19.20M | $18.84M | $15.27M | $15.29M | $14.95M | $14.89M | $14.55M | $15.19M | $14.95M |
| Retained Earnings | ($71.43M) | ($70.41M) | ($70.56M) | ($70.52M) | ($70.09M) | ($69.11M) | ($68.55M) | ($68.45M) | ($67.74M) | ($67.92M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($1.30M) | - | - | - | $1.52M | - | - | ($232.0K) | - | - |
| Investing Cash Flow | ($425.0K) | - | - | - | ($1.22M) | - | - | ($111.0K) | - | - |
| Financing Cash Flow | $1.33M | - | - | - | ($776.0K) | - | - | $222.0K | - | - |
| CapEx | $425.0K | - | - | - | $1.22M | - | - | $111.0K | - | - |
| Free Cash Flow | ($1.72M) | - | - | - | $308.0K | - | - | ($343.0K) | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 22.4% | - | 22.3% | 20.9% | 16.8% | - | 15.5% | 13.6% | - | 10.0% |
| Operating margin | -4.9% | - | 3.1% | 0.1% | -6.1% | - | 0.5% | -1.8% | - | -6.5% |
| EBITDA margin | 0.1% | - | 9.1% | 4.0% | -1.8% | - | 4.6% | 1.9% | - | -1.5% |
| Net margin | -8.8% | - | -0.4% | -3.3% | -8.1% | - | -3.2% | -5.0% | - | -10.6% |
| Free cash flow margin | -14.8% | - | - | - | 2.5% | - | - | -2.4% | - | - |
| FCF / Net income | 1.69 | - | - | - | -0.31 | - | - | 0.49 | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -1.7% | - | -0.1% | -0.8% | -2.0% | - | -0.8% | -1.4% | - | -2.6% |
| Return on equity | -5.3% | - | -0.2% | -2.8% | -6.5% | - | -2.7% | -4.9% | - | -8.7% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.25 | 1.24 | 1.22 | 1.34 | 1.40 | 1.43 | 1.44 | 1.44 | 1.46 | 1.48 |
| Quick ratio | 0.33 | 0.33 | 0.30 | 0.28 | 0.29 | 0.38 | 0.30 | 0.33 | 0.33 | 0.26 |
| Cash ratio | 0.11 | 0.12 | 0.11 | 0.01 | 0.01 | 0.03 | 0.01 | 0.01 | 0.01 | 0.03 |
| Leverage | ||||||||||
| Debt / Equity | 0.08 | 0.08 | 0.08 | 0.11 | 0.11 | 0.12 | 0.12 | 0.10 | 0.07 | 0.08 |
| Debt / Assets | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 |
| Debt / EBITDA | 97.33 | - | 1.64 | 3.23 | - | - | 3.02 | 5.47 | - | - |
| Interest coverage | -1.4x | - | 0.8x | 0.0x | -2.2x | - | 0.2x | -0.8x | - | -6.7x |
| Equity multiplier | 3.09 | 3.04 | 3.08 | 3.30 | 3.16 | 3.41 | 3.38 | 3.46 | 3.34 | 3.33 |
| Liabilities / Assets | 0.68 | 0.67 | 0.67 | 0.70 | 0.68 | 0.71 | 0.71 | 0.71 | 0.70 | 0.70 |
| Efficiency | ||||||||||
| Asset turnover | 0.20 | - | 0.18 | 0.25 | 0.25 | - | 0.25 | 0.28 | - | 0.25 |
| Inventory turnover | 0.26 | - | 0.23 | 0.35 | 0.42 | - | 0.35 | 0.41 | - | 0.35 |
| Days sales outstanding | - | - | - | 201d | 204d | - | 211d | 209d | - | 282d |
| Days inventory outstanding | 1430d | - | 1568d | 1036d | 869d | - | 1049d | 882d | - | 1034d |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 0.8x | - | 0.7x | 0.8x | 0.8x | - | 1.3x | 1.1x | - | 0.6x |
| P / S | 1.3x | - | 1.3x | 1.0x | 1.0x | - | 1.5x | 1.1x | - | 0.8x |
| EV / EBITDA | 845.8x | - | 11.1x | 27.6x | - | - | 34.9x | 62.8x | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -4.4% | - | -17.9% | - | -13.7% | - | 2.1% | 12.0% | - | -7.4% |
| Revenue CAGR (3y) | -2.6% | - | -8.1% | -3.3% | 0.2% | - | -4.4% | 0.8% | - | -3.5% |
| Revenue CAGR (5y) | -3.3% | - | -5.5% | 8.3% | -2.0% | - | -2.2% | 3.4% | - | 2.2% |
| Gross profit growth (YoY) | 27.9% | - | 18.2% | - | 6.7% | - | 58.1% | 1.4% | - | -45.2% |
| Operating income growth (YoY) | 24.3% | - | 371.6% | - | -188.0% | - | - | -63.9% | - | - |
| Net income growth (YoY) | -3.2% | - | 89.1% | - | -39.9% | - | 68.9% | -14.2% | - | -814.8% |
| EPS growth (YoY) | 22.2% | - | 91.7% | - | -28.6% | - | 70.0% | -10.5% | - | -900.0% |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 25.2% | 28.5% | 26.5% | - | 5.1% | -1.6% | -0.4% | -10.9% | -9.8% | -15.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$117.88M totalConsolidated$58.94M · 50.0%
Complex Machining$52.92M · 44.9%
Turbine Engine Components$6.02M · 5.1%
Peer comparison
Same SIC group: Aircraft Parts & Auxiliary Equipment, NEC
Comparing AIR INDUSTRIES GROUP against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Nov 19, 2015 | $1.5000 |
| Jul 30, 2015 | $1.5000 |
| Apr 9, 2015 | $1.5000 |
| Dec 30, 2014 | $1.5000 |
| Oct 16, 2014 | $1.5000 |
| Jun 26, 2014 | $1.5000 |
| Apr 11, 2014 | $1.5000 |
| Jan 7, 2014 | $1.2500 |
| Sep 26, 2013 | $1.2500 |
| Jun 27, 2013 | $0.6300 |
| Mar 14, 2013 | $0.6300 |
| Oct 31, 2012 | $0.6300 |