InsiderClue
Stocks · Industrials · Aircraft Parts & Auxiliary Equipment, NEC

AIR INDUSTRIES GROUP

AIRI Clue Score32
United States Fiscal year ends December CIK 0001009891
$2.70 +3.85% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $2.70 +159.62% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue51.3Operating income−10.1Net income−15.6EPS, diluted−2.06Fiscal year 2017Revenue49.9 −2.8%Operating income−12.8Net income−22.6EPS, diluted−1.21Fiscal year 2018Revenue44.5 −10.7%Operating income−4.9Net income−11.0EPS, diluted−0.32Fiscal year 2019Revenue54.6 +22.6%Operating income0.3Net income−2.7EPS, diluted−0.09Fiscal year 2020Revenue50.1 −8.2%Operating income−1.4Net income1.1EPS, diluted0.05Fiscal year 2021Revenue58.9 +17.6%Operating income2.5Net income1.6 +48.4%EPS, diluted0.45Fiscal year 2022Revenue53.2 −9.7%Operating income−0.2Net income−1.1 −166.1%EPS, diluted−0.33Fiscal year 2023Revenue51.5 −3.2%Operating income−0.3Net income−2.1EPS, diluted−0.65Fiscal year 2024Revenue55.1 +7.0%Operating income0.5Net income−1.4EPS, diluted−0.41Fiscal year 2025Revenue47.9 −13.0%Operating income−0.3Net income−1.3EPS, diluted−0.31
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 51.3 49.9 44.5 54.6 50.1 58.9 53.2 51.5 55.1 47.9
Growth −2.8% −10.7% +22.6% −8.2% +17.6% −9.7% −3.2% +7.0% −13.0%
Operating income −10.1 −12.8 −4.9 0.3 −1.4 2.5 −0.2 −0.3 0.5 −0.3
Net income −15.6 −22.6 −11.0 −2.7 1.1 1.6 −1.1 −2.1 −1.4 −1.3
Growth +48.4% −166.1%
EPS, diluted −2.06 −1.21 −0.32 −0.09 0.05 0.45 −0.33 −0.65 −0.41 −0.31

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin8.3%Operating margin−19.7%Net margin−30.4%Free cash flow margin−4.5%Fiscal year 2017Gross margin9.8%Operating margin−25.6%Net margin−45.2%Free cash flow margin−11.0%Fiscal year 2018Gross margin12.2%Operating margin−11.0%Net margin−24.7%Free cash flow margin−8.1%Fiscal year 2019Gross margin16.8%Operating margin0.6%Net margin−5.0%Free cash flow margin−3.0%Fiscal year 2020Gross margin13.0%Operating margin−2.9%Net margin2.2%Free cash flow margin−10.6%Fiscal year 2021Gross margin17.4%Operating margin4.2%Net margin2.8%Free cash flow margin4.6%Fiscal year 2022Gross margin14.0%Operating margin−0.4%Net margin−2.0%Free cash flow margin−3.6%Fiscal year 2023Gross margin14.4%Operating margin−0.6%Net margin−4.1%Free cash flow margin5.3%Fiscal year 2024Gross margin16.2%Operating margin0.8%Net margin−2.5%Free cash flow margin−3.6%Fiscal year 2025Gross margin17.1%Operating margin−0.7%Net margin−2.7%Free cash flow margin−9.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 8.3% 9.8% 12.2% 16.8% 13.0% 17.4% 14.0% 14.4% 16.2% 17.1%
Operating margin −19.7% −25.6% −11.0% 0.6% −2.9% 4.2% −0.4% −0.6% 0.8% −0.7%
Net margin −30.4% −45.2% −24.7% −5.0% 2.2% 2.8% −2.0% −4.1% −2.5% −2.7%
Free cash flow margin −4.5% −11.0% −8.1% −3.0% −10.6% 4.6% −3.6% 5.3% −3.6% −9.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−0.7Capital expenditure−1.6Free cash flow−2.3Fiscal year 2017Operating cash flow−4.0Capital expenditure−1.5Free cash flow−5.5Fiscal year 2018Operating cash flow−2.3Capital expenditure−1.3Free cash flow−3.6Fiscal year 2019Operating cash flow−0.9Capital expenditure−0.8Free cash flow−1.7Fiscal year 2020Operating cash flow−1.5Capital expenditure−3.8Free cash flow−5.3Fiscal year 2021Operating cash flow4.1Capital expenditure−1.4Free cash flow2.7Fiscal year 2022Operating cash flow0.4Capital expenditure−2.4Free cash flow−1.9 −170.9%Fiscal year 2023Operating cash flow4.9Capital expenditure−2.1Free cash flow2.7Fiscal year 2024Operating cash flow0.3Capital expenditure−2.3Free cash flow−2.0 −172.1%Fiscal year 2025Operating cash flow−1.4Capital expenditure−3.3Free cash flow−4.7
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −0.7 −4.0 −2.3 −0.9 −1.5 4.1 0.4 4.9 0.3 −1.4
Capital expenditure −1.6 −1.5 −1.3 −0.8 −3.8 −1.4 −2.4 −2.1 −2.3 −3.3
Free cash flow −2.3 −5.5 −3.6 −1.7 −5.3 2.7 −1.9 2.7 −2.0 −4.7
Growth −170.9% −172.1%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash1.3Total debt3.0Net cash (debt)−1.7Shareholders’ equity24.9Debt to equity0.12Fiscal year 2017Cash0.6Total debt3.4Net cash (debt)−2.8Shareholders’ equity17.8Debt to equity0.19Fiscal year 2018Cash2.0Total debt5.7Net cash (debt)−3.7Shareholders’ equity11.6Debt to equity0.49Fiscal year 2019Cash1.3Total debt3.4Net cash (debt)−2.1Shareholders’ equity10.2Debt to equity0.33Fiscal year 2020Cash2.5Total debt10.8Net cash (debt)−8.3Shareholders’ equity15.1Debt to equity0.71Fiscal year 2021Cash0.6Total debt9.3Net cash (debt)−8.7Shareholders’ equity17.4Debt to equity0.53Fiscal year 2022Cash0.3Total debt19.1Net cash (debt)−18.8Shareholders’ equity16.8Debt to equity1.13Fiscal year 2023Cash0.3Total debt17.1Net cash (debt)−16.8Shareholders’ equity15.2Debt to equity1.13Fiscal year 2024Cash0.8Total debt20.1Net cash (debt)−19.4Shareholders’ equity14.9Debt to equity1.35Fiscal year 2025Cash4.6Total debt25.2Net cash (debt)−20.6Shareholders’ equity19.2Debt to equity1.31
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 1.3 0.6 2.0 1.3 2.5 0.6 0.3 0.3 0.8 4.6
Total debt 3.0 3.4 5.7 3.4 10.8 9.3 19.1 17.1 20.1 25.2
Net cash (debt) −1.7 −2.8 −3.7 −2.1 −8.3 −8.7 −18.8 −16.8 −19.4 −20.6
Shareholders’ equity 24.9 17.8 11.6 10.2 15.1 17.4 16.8 15.2 14.9 19.2
Debt to equity 0.12 0.19 0.49 0.33 0.71 0.53 1.13 1.13 1.35 1.31

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
8.3% 9.8% 12.2% 16.8% 13.0% 17.4% 14.0% 14.4% 16.2% 17.1%
−19.7% −25.6% −11.0% 0.6% −2.9% 4.2% −0.4% −0.6% 0.8% −0.7%
n/a −32.6% −19.2% −4.7% −0.2% 2.8% −2.0% −4.1% −2.5% −3.0%
−30.4% −45.2% −24.7% −5.0% 2.2% 2.8% −2.0% −4.1% −2.5% −2.7%
−4.5% −11.0% −8.1% −3.0% −10.6% 4.6% −3.6% 5.3% −3.6% −9.8%
Spending
3.2% 3.0% 2.8% 1.4% 7.6% 2.3% 4.4% 4.1% 4.2% 6.9%
Returns
−62.8% −126.9% −94.7% −26.8% 7.3% 9.4% −6.4% −14.0% −9.1% −6.8%
−18.9% −37.1% −23.0% −5.3% 1.9% 3.0% −2.0% −4.2% −2.7% −2.2%
Balance and payout
0.12 0.19 0.49 0.33 0.71 0.53 1.13 1.13 1.35 1.31
69.9% 70.8% 75.7% 80.0% 73.8% 67.5% 68.7% 70.0% 70.7% 67.1%