Air T Inc (AIRT) - Net Assets
Based on the latest financial reports, Air T Inc (AIRT) has net assets worth $83.16 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($469.06 Million) and total liabilities ($385.90 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Air T Inc (AIRT) strategic asset index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $83.16 Million |
| % of Total Assets | 17.73% |
| Annual Growth Rate | 8.58% |
| 5-Year Change | 150.07% |
| 10-Year Change | 311.6% |
| Growth Volatility | 249.62 |
Air T Inc - Net Assets Trend (1988–2026)
This chart illustrates how Air T Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see AIRT company net worth.
Annual Net Assets for Air T Inc (1988–2026)
The table below shows the annual net assets of Air T Inc from 1988 to 2026. Also explore net asset momentum of Air T Inc to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | $91.22 Million | +1547.78% |
| 2025-03-31 | $5.54 Million | -70.55% |
| 2024-03-31 | $18.80 Million | -26.84% |
| 2023-03-31 | $25.69 Million | -29.57% |
| 2022-03-31 | $36.48 Million | +71.16% |
| 2021-03-31 | $21.31 Million | -31.45% |
| 2020-03-31 | $31.09 Million | +7.83% |
| 2019-03-31 | $28.83 Million | +22.14% |
| 2018-03-31 | $23.61 Million | +6.52% |
| 2017-03-31 | $22.16 Million | -37.17% |
| 2016-03-31 | $35.27 Million | +18.38% |
| 2015-03-31 | $29.80 Million | +8.90% |
| 2014-03-31 | $27.36 Million | -2.72% |
| 2013-03-31 | $28.12 Million | +3.96% |
| 2012-03-31 | $27.05 Million | +3.10% |
| 2011-03-31 | $26.24 Million | +5.38% |
| 2010-03-31 | $24.90 Million | +14.47% |
| 2009-03-31 | $21.75 Million | +22.80% |
| 2008-03-31 | $17.71 Million | +14.67% |
| 2007-03-31 | $15.45 Million | +6.54% |
| 2006-03-31 | $14.50 Million | +10.81% |
| 2005-03-31 | $13.09 Million | +12.06% |
| 2004-03-31 | $11.68 Million | +21.49% |
| 2003-03-31 | $9.61 Million | -13.41% |
| 2002-03-31 | $11.10 Million | +9.14% |
| 2001-03-31 | $10.17 Million | +9.88% |
| 2000-03-31 | $9.26 Million | -3.94% |
| 1999-03-31 | $9.64 Million | -0.78% |
| 1998-03-31 | $9.71 Million | +17.66% |
| 1997-03-31 | $8.25 Million | +11.33% |
| 1996-03-31 | $7.41 Million | +4.42% |
| 1995-03-31 | $7.10 Million | +7.58% |
| 1994-03-31 | $6.60 Million | +46.67% |
| 1993-03-31 | $4.50 Million | +60.71% |
| 1992-03-31 | $2.80 Million | +55.56% |
| 1991-03-31 | $1.80 Million | +157.14% |
| 1990-03-31 | $700.00K | +133.33% |
| 1989-03-31 | $300.00K | -92.50% |
| 1988-03-31 | $4.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Air T Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 8531300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $80.11 Million | 100.38% |
| Common Stock | $758.00K | 0.95% |
| Other Comprehensive Income | $4.25 Million | 5.32% |
| Total Equity | $79.81 Million | 100.00% |
Air T Inc Competitors by Market Cap
The table below lists competitors of Air T Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
U-Best Polymer Industry Co Ltd
TWO:4714
|
$80.37 Million |
|
Outcrop Gold Corp
V:OCG
|
$80.38 Million |
|
iBio, Inc. Common Stock
NASDAQ:IBIO
|
$80.38 Million |
|
Min Aik Precision Industrial Co Ltd
TW:4545
|
$80.42 Million |
|
Ratchaphruek Hospital Public Company Limited
BK:RPH
|
$80.35 Million |
|
Vizsla Copper Corp
V:VCU
|
$80.34 Million |
|
Kyung Dong Pharmaceutical Co. Ltd
KQ:011040
|
$80.33 Million |
|
Inoue Rubber (Thailand) Public Company Limited
BK:IRC
|
$80.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Air T Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from -3,216,000 to 79,810,000, a change of 83,026,000.
- Net income of 77,983,000 contributed positively to equity growth.
- Share repurchases of 28,000 reduced equity.
- Other comprehensive income increased equity by 4,896,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $77.98 Million | +97.71% |
| Share Repurchases | $28.00K | -0.04% |
| Other Comprehensive Income | $4.90 Million | +6.13% |
| Other Changes | $175.00K | +0.22% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Air T Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.01x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 22.35x to 1.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1988-03-31 | $1.33 | $29.80 | x |
| 1989-03-31 | $0.10 | $29.80 | x |
| 1990-03-31 | $0.18 | $29.80 | x |
| 1991-03-31 | $0.43 | $29.80 | x |
| 1992-03-31 | $0.62 | $29.80 | x |
| 1993-03-31 | $0.92 | $29.80 | x |
| 1994-03-31 | $1.32 | $29.80 | x |
| 1995-03-31 | $1.43 | $29.80 | x |
| 1996-03-31 | $1.64 | $29.80 | x |
| 1997-03-31 | $1.97 | $29.80 | x |
| 1998-03-31 | $2.32 | $29.80 | x |
| 1999-03-31 | $2.30 | $29.80 | x |
| 2000-03-31 | $2.22 | $29.80 | x |
| 2001-03-31 | $2.44 | $29.80 | x |
| 2002-03-31 | $2.65 | $29.80 | x |
| 2003-03-31 | $2.35 | $29.80 | x |
| 2004-03-31 | $2.85 | $29.80 | x |
| 2005-03-31 | $3.24 | $29.80 | x |
| 2006-03-31 | $3.62 | $29.80 | x |
| 2007-03-31 | $3.89 | $29.80 | x |
| 2008-03-31 | $4.85 | $29.80 | x |
| 2009-03-31 | $5.98 | $29.80 | x |
| 2010-03-31 | $6.79 | $29.80 | x |
| 2011-03-31 | $7.10 | $29.80 | x |
| 2012-03-31 | $7.36 | $29.80 | x |
| 2013-03-31 | $7.64 | $29.80 | x |
| 2014-03-31 | $7.50 | $29.80 | x |
| 2015-03-31 | $8.35 | $29.80 | x |
| 2016-03-31 | $9.67 | $29.80 | x |
| 2017-03-31 | $6.95 | $29.80 | x |
| 2018-03-31 | $7.41 | $29.80 | x |
| 2019-03-31 | $7.96 | $29.80 | x |
| 2020-03-31 | $8.58 | $29.80 | x |
| 2021-03-31 | $4.76 | $29.80 | x |
| 2022-03-31 | $8.52 | $29.80 | x |
| 2023-03-31 | $4.18 | $29.80 | x |
| 2024-03-31 | $1.69 | $29.80 | x |
| 2025-03-31 | $-1.17 | $29.80 | x |
| 2026-03-31 | $29.53 | $29.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Air T Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 97.71%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.84%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 5.13x
- Recent ROE (97.71%) is above the historical average (-22.45%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1988 | 7.50% | 2.61% | 0.69x | 4.15x | $-100.00K |
| 1989 | -1233.33% | -23.42% | 1.42x | 37.00x | $-3.73 Million |
| 1990 | 57.14% | 2.26% | 2.95x | 8.57x | $330.00K |
| 1991 | 38.89% | 2.73% | 5.22x | 2.72x | $520.00K |
| 1992 | 42.86% | 5.97% | 4.19x | 1.71x | $920.00K |
| 1993 | 40.00% | 6.72% | 3.77x | 1.58x | $1.35 Million |
| 1994 | 34.85% | 7.49% | 3.57x | 1.30x | $1.64 Million |
| 1995 | 22.54% | 4.85% | 3.24x | 1.44x | $890.00K |
| 1996 | 21.74% | 4.47% | 3.53x | 1.38x | $870.65K |
| 1997 | 16.03% | 3.77% | 3.16x | 1.35x | $497.78K |
| 1998 | 17.57% | 3.34% | 2.79x | 1.88x | $734.86K |
| 1999 | 5.42% | 1.00% | 2.50x | 2.16x | $-440.89K |
| 2000 | 3.91% | 0.61% | 2.46x | 2.59x | $-563.73K |
| 2001 | 12.67% | 1.83% | 2.46x | 2.81x | $271.89K |
| 2002 | 11.52% | 1.80% | 3.10x | 2.06x | $168.53K |
| 2003 | -12.74% | -2.86% | 2.01x | 2.22x | $-2.19 Million |
| 2004 | 14.88% | 3.10% | 2.86x | 1.68x | $570.18K |
| 2005 | 16.09% | 3.01% | 2.90x | 1.84x | $797.00K |
| 2006 | 14.17% | 2.58% | 3.32x | 1.65x | $604.91K |
| 2007 | 16.09% | 3.69% | 2.73x | 1.59x | $941.17K |
| 2008 | 19.21% | 4.34% | 2.87x | 1.54x | $1.63 Million |
| 2009 | 20.13% | 4.83% | 3.09x | 1.35x | $2.20 Million |
| 2010 | 15.09% | 4.63% | 2.74x | 1.19x | $1.27 Million |
| 2011 | 8.15% | 2.56% | 2.44x | 1.30x | $-486.16K |
| 2012 | 4.99% | 1.51% | 2.55x | 1.30x | $-1.36 Million |
| 2013 | 5.94% | 1.62% | 2.86x | 1.28x | $-1.14 Million |
| 2014 | 5.36% | 1.46% | 2.71x | 1.36x | $-1.27 Million |
| 2015 | 8.34% | 2.21% | 2.58x | 1.46x | $-495.60K |
| 2016 | 14.21% | 3.34% | 2.84x | 1.50x | $1.47 Million |
| 2017 | -14.50% | -2.16% | 2.27x | 2.95x | $-5.43 Million |
| 2018 | 9.65% | 1.17% | 2.98x | 2.77x | $-83.52K |
| 2019 | 5.50% | 0.54% | 2.17x | 4.73x | $-1.10 Million |
| 2020 | 31.89% | 3.23% | 1.56x | 6.31x | $5.26 Million |
| 2021 | -53.02% | -4.16% | 1.24x | 10.26x | $-8.65 Million |
| 2022 | 44.40% | 6.17% | 0.85x | 8.43x | $8.47 Million |
| 2023 | -103.28% | -4.97% | 1.30x | 15.92x | $-13.49 Million |
| 2024 | -142.96% | -2.38% | 1.62x | 37.14x | $-7.30 Million |
| 2025 | 0.00% | -2.10% | 1.68x | 0.00x | $-5.82 Million |
| 2026 | 97.71% | 23.84% | 0.80x | 5.13x | $70.00 Million |
Industry Comparison
This section compares Air T Inc's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $501,249,232
- Average return on equity (ROE) among peers: -3.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Air T Inc (AIRT) | $83.16 Million | 7.50% | 4.64x | $80.36 Million |
| AIAI Holdings Corporation Class A Common Stock (AIAI) | $1.36 Billion | -11.72% | 0.30x | $231.77 Million |
| Alpine 4 Holdings Inc (ALPP) | $72.11 Million | -26.91% | 0.84x | $13.53K |
| Brookfield Business Corp (BBUC) | $1.14 Billion | 3.17% | 13.01x | $5.25 Billion |
| Boston Omaha Corp (BOC) | $-467.38K | 0.00% | 0.00x | $403.89 Million |
| Dmc Global Inc (BOOM) | $57.58 Million | 36.06% | 0.48x | $128.38 Million |
| Compass Diversified Holdings (CODI) | $508.07 Million | -5.17% | 0.64x | $833.61 Million |
| Deluxe Corporation (DLX) | $608.90 Million | 23.88% | 0.98x | $1.10 Billion |
| Falcon's Beyond Global, Inc. Class A Common Stock (FBYD) | $28.01 Million | -33.79% | 1.66x | $255.89 Million |
| FTAI Infrastructure Inc. (FIP) | $738.09 Million | -16.44% | 2.22x | $329.73 Million |
About Air T Inc
Air T, Inc. provides overnight air cargo; ground support equipment; commercial aircraft, engines, and parts; digital solutions; and regional airline services in the United States and internationally. The company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2026, this segment had 103 aircraft under the dry-lease agreements with FedEx. Its Ground Support Equip… Read more