Air Industries Group
Air Industries Group, together with its subsidiaries, engages in the design, manufacture, and sale of precision components and assemblies for defense and aerospace industry in the United States. It offers actuators, arresting gears, aerostructures, aircraft structures, chaff pod assemblies, machining and milling solutions, cylinders, drag beams and braces, flight controls, flight safety critical … Read more
Air Industries Group (AIRI) - Net Assets
Latest net assets as of September 2025: $18.84 Billion USD
Based on the latest financial reports, Air Industries Group (AIRI) has net assets worth $18.84 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($57.95 Billion) and total liabilities ($39.11 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $18.84 Billion |
| % of Total Assets | 32.52% |
| Annual Growth Rate | 15.81% |
| 5-Year Change | -1.07% |
| 10-Year Change | -48.11% |
| Growth Volatility | 98.17 |
Air Industries Group - Net Assets Trend (1999–2024)
This chart illustrates how Air Industries Group's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Air Industries Group (1999–2024)
The table below shows the annual net assets of Air Industries Group from 1999 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $14.95 Million | -1.59% |
| 2023-12-31 | $15.19 Million | -9.79% |
| 2022-12-31 | $16.84 Million | -3.16% |
| 2021-12-31 | $17.39 Million | +15.09% |
| 2020-12-31 | $15.11 Million | +48.04% |
| 2019-12-31 | $10.21 Million | -12.06% |
| 2018-12-31 | $11.61 Million | -34.67% |
| 2017-12-31 | $17.77 Million | -28.62% |
| 2016-12-31 | $24.89 Million | -13.59% |
| 2015-12-31 | $28.80 Million | +1.89% |
| 2014-12-31 | $28.27 Million | +30.81% |
| 2013-12-31 | $21.61 Million | +13.82% |
| 2012-12-31 | $18.99 Million | +306.94% |
| 2011-12-31 | $4.67 Million | +104.65% |
| 2010-12-31 | $2.28 Million | -59.30% |
| 2009-12-31 | $5.60 Million | 0.00% |
| 2008-12-31 | $5.60 Million | -69.48% |
| 2007-12-31 | $18.36 Million | +167.20% |
| 2006-12-31 | $6.87 Million | -3.37% |
| 2005-12-31 | $7.11 Million | +660.44% |
| 2004-12-31 | $-1.27 Million | -2246.65% |
| 2003-12-31 | $-54.06K | +93.02% |
| 2002-12-31 | $-774.42K | +3.44% |
| 2001-12-31 | $-802.02K | -234.97% |
| 2000-12-31 | $594.21K | +56.03% |
| 1999-12-31 | $380.83K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Air Industries Group'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 decreased by 6879550500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $3.00K | 0.02% |
| Other Components | $84.05 Million | 562.30% |
| Total Equity | $14.95 Million | 100.00% |
Air Industries Group Competitors by Market Cap
The table below lists competitors of Air Industries Group ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Queen City Investments Inc
PINK:QUCT
|
$12.09 Million |
|
Kunming Longjin Pharmaceutical Co Ltd
SHE:002750
|
$12.09 Million |
|
PT Black Diamond Resources Tbk
JK:COAL
|
$12.10 Million |
|
Hyprop
JSE:HYP
|
$12.10 Million |
|
Gumho NT Co Ltd
KQ:130500
|
$12.09 Million |
|
Partner Tech Corp.
TWO:3097
|
$12.08 Million |
|
Caravelle International Group Ordinary Shares
NASDAQ:CACO
|
$12.08 Million |
|
Upland Software Inc
NASDAQ:UPLD
|
$12.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Air Industries Group's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 15,190,000 to 14,948,000, a change of -242,000 (-1.6%).
- Net loss of 1,366,000 reduced equity.
- New share issuances of 327,000 increased equity.
- Other factors increased equity by 797,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.37 Million | -9.14% |
| Share Issuances | $327.00K | +2.19% |
| Other Changes | $797.00K | +5.33% |
| Total Change | $- | -1.59% |
Book Value vs Market Value Analysis
This analysis compares Air Industries Group'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: 0.74x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.01x to 0.74x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | $313.96 | $3.30 | x |
| 2000-12-31 | $397.73 | $3.30 | x |
| 2001-12-31 | $-1104.72 | $3.30 | x |
| 2002-12-31 | $-1066.69 | $3.30 | x |
| 2003-12-31 | $-70.57 | $3.30 | x |
| 2004-12-31 | $-1656.11 | $3.30 | x |
| 2005-12-31 | $2235.73 | $3.30 | x |
| 2006-12-31 | $853.17 | $3.30 | x |
| 2007-12-31 | $1081.98 | $3.30 | x |
| 2009-12-31 | $318.78 | $3.30 | x |
| 2010-12-31 | $14.14 | $3.30 | x |
| 2011-12-31 | $13.04 | $3.30 | x |
| 2012-12-31 | $39.90 | $3.30 | x |
| 2013-12-31 | $36.43 | $3.30 | x |
| 2014-12-31 | $40.88 | $3.30 | x |
| 2015-12-31 | $38.52 | $3.30 | x |
| 2016-12-31 | $32.84 | $3.30 | x |
| 2017-12-31 | $13.43 | $3.30 | x |
| 2018-12-31 | $4.31 | $3.30 | x |
| 2019-12-31 | $3.54 | $3.30 | x |
| 2020-12-31 | $4.11 | $3.30 | x |
| 2021-12-31 | $4.77 | $3.30 | x |
| 2022-12-31 | $5.22 | $3.30 | x |
| 2023-12-31 | $4.63 | $3.30 | x |
| 2024-12-31 | $4.48 | $3.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Air Industries Group 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): -9.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.48%
- • Asset Turnover: 1.08x
- • Equity Multiplier: 3.41x
- Recent ROE (-9.14%) is above the historical average (-20.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 7.43% | 1.51% | 2.87x | 1.71x | $-9.80K |
| 2000 | 11.87% | 1.31% | 3.98x | 2.28x | $11.14K |
| 2001 | 0.00% | -26.10% | 9.90x | 0.00x | $-1.32 Million |
| 2002 | 0.00% | 0.77% | 4.10x | 0.00x | $105.05K |
| 2003 | 0.00% | 10.63% | 3.73x | 0.00x | $701.76K |
| 2004 | 0.00% | -19.15% | 7.85x | 0.00x | $-1.09 Million |
| 2005 | -10.55% | -27.01% | 0.11x | 3.68x | $-1.46 Million |
| 2006 | -4.91% | -1.02% | 1.33x | 3.62x | $-1.02 Million |
| 2007 | 3.42% | 1.36% | 0.92x | 2.74x | $-1.21 Million |
| 2009 | -295.31% | -42.75% | 0.98x | 7.02x | $-17.10 Million |
| 2010 | 23.58% | 1.11% | 1.41x | 15.01x | $311.00K |
| 2011 | 48.16% | 4.18% | 1.45x | 7.93x | $1.78 Million |
| 2012 | 13.42% | 3.97% | 1.21x | 2.80x | $649.20K |
| 2013 | 17.30% | 5.95% | 1.25x | 2.32x | $1.58 Million |
| 2014 | 2.36% | 1.04% | 0.98x | 2.33x | $-2.16 Million |
| 2015 | -2.89% | -1.03% | 0.91x | 3.06x | $-3.71 Million |
| 2016 | -62.77% | -23.35% | 0.81x | 3.33x | $-18.11 Million |
| 2017 | -126.93% | -45.22% | 0.82x | 3.42x | $-24.33 Million |
| 2018 | -94.71% | -23.74% | 0.97x | 4.11x | $-12.15 Million |
| 2019 | -26.77% | -5.01% | 1.07x | 5.01x | $-3.75 Million |
| 2020 | 7.25% | 2.19% | 0.87x | 3.82x | $-414.90K |
| 2021 | 9.36% | 2.76% | 1.10x | 3.07x | $-111.90K |
| 2022 | -6.39% | -2.02% | 0.99x | 3.20x | $-2.76 Million |
| 2023 | -14.03% | -4.14% | 1.02x | 3.34x | $-3.65 Million |
| 2024 | -9.14% | -2.48% | 1.08x | 3.41x | $-2.86 Million |
Industry Comparison
This section compares Air Industries Group's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $332,577,383
- Average return on equity (ROE) among peers: 30.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Air Industries Group (AIRI) | $18.84 Billion | 7.43% | 2.08x | $12.09 Million |
| Alabama Aircraft Industries Inc (AAIIQ) | $3.00 Million | 70.00% | 22.83x | $0.97 |
| AAC Clyde Space AB (ACCMF) | $662.75 Million | -6.24% | 0.42x | $49.09 Million |
| Archer Aviation Inc (ACHR) | $698.90 Million | -49.76% | 0.10x | $3.44 Billion |
| American Defense Systems Inc (ADFS) | $9.01 Million | 34.56% | 0.45x | $4.85K |
| AAR Corp (AIR) | $866.00 Million | 7.82% | 1.54x | $4.16 Billion |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $548.73 Million | -7.05% | 0.28x | $168.72 Million |
| Philly Shipyard ASA (AKRRF) | $155.58 Million | 43.21% | 0.63x | $13.32 Million |
| ASI Aviation Inc (ASAV) | $6.88 | 150.58% | 2.47x | $2.48 Million |
| Astronics Corporation (ATRO) | $49.23 Million | 31.26% | 1.11x | $2.35 Billion |