Air T Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Air T Inc (AIRT) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Air T Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 372M vs 189,642M combined for its competitors (0.2% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+24.3% annualized vs trailing 12 months), vs accelerating (+3.3%) for its tracked peer group.
- Growth: Air T Inc generated 62.9% revenue growth year over year in Q1 2026, vs 10.0% for its competitors combined.
- Profitability: Its -13.6% net margin compares with 4.1% for the peer group.
- Scale: Air T Inc ranks #19 of 24 companies by market capitalization in the Transport & Logistics industry, holding 0.0% of industry market cap.
- Peer revenue share: Air T Inc accounted for 0.2% of combined revenue among its tracked peer group, up from 0.2% a year earlier.
- Peer differentiation: Revenue per employee of $0.22M compares with $0.21M for the peer group (1.1x).
- Structure: Air T Inc operates in the following segments: Regional Airline, Overnight air cargo, Commercial Aircraft Engines and Parts, Ground Support Equipment, Digital solutions, Aviation Leasing and Asset Management.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
AIRT Sales vs. its Competitors, Q1 2026
Air T Inc reported revenue growth of 62.92 % year on year in Q1 2026, above its competitors' combined revenue growth of 9.98 %.
With a net margin of -13.60 %, Air T Inc reported lower profitability than its competitors (4.09 %).
Air T Inc generated 0.24 % of the combined sales of its peer group, up from 0.16 % a year earlier.
API endpoints for this dataset
Air T Inc vs. its Competitors, Q1 2026
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Air T Inc reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Air T Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Air T Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (4) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (6) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (4) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Air T Inc's competitor groups requires a Commercial License.
For context: the Transport & Logistics industry grew revenue 5.4% year over year, combined, vs 62.9% for Air T Inc. Air T Inc's share of combined industry revenue moved from 0.09% to 0.14%, a gain of 0.05 percentage points.
Air T Inc's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Air T Inc | Yes | Yes | Yes | No |
| Competitors combined (4) | ||||
| High-Confidence Competitors (4) | ||||
| Similar-Size Competitors (9) | ||||
| Similar Growth & Profitability (8) | 87.50 % (7 of 8) | 100.00 % (8 of 8) | 87.50 % (7 of 8) | 12.50 % (1 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
AIRT Stock Performance relative to its Competitors
AIRT Stock Performance relative to High-Confidence Competitors
AIRT Stock Performance relative to Similar-Size Competitors
AIRT Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Pitney Bowes Inc | 282.9% | Outperformed |
| 2 | Fedex Corporation | 282.9% | Outperformed |
| 3 | United Parcel Service Inc | 282.9% | Outperformed |
| 4 | Forward Air Corporation | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Air T Inc's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Air T Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Air T Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Air T Inc |
74.68 | 371.68 |
 United Parcel Service Inc |
92,171.81 | 89,930.00 |
 Fedex Corporation |
73,645.46 | 95,331.00 |
 Pitney Bowes Inc |
2,188.32 | 1,862.72 |
 Forward Air Corporation |
540.48 | 2,518.08 |
| SUBTOTAL | 168,620.75 | 190,013.47 |
Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Air T Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Air T Inc's Competitors Named by the Company
Competitive relationships identified from Air T Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| FedEx | Company report | 85% |
| QantasLink | Company report | 85% |
| MAC | Company report | 85% |
| CSA | Company report | 85% |
| Rex | Company report | 85% |
| Qantas | Company report | 85% |
| Travelzoo | Company report | 85% |
| Air Transport Services Group Inc | Company report | 85% |
| Forward Air Corporation | Company report | 85% |
Company report basis, confidence, active dates and source counts for Air T Inc's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Air T Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Air T Inc | Regional Airline 48.42 % |
| United Parcel Service Inc | U.S. Domestic Package 65.05 % |
| Fedex Corporation | Express U.S. Domestic 64.36 % |
| Pitney Bowes Inc | SendTech Solutions 66.92 % |
| Forward Air Corporation | Omni Logistics 51.96 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Air T Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Air T Inc | 75 | 223,098 | 41,792 |
| United Parcel Service Inc | 92,172 | 195,500 | 9,935 |
| Fedex Corporation | 73,645 | 210,909 | 8,619 |
| Pitney Bowes Inc | 2,188 | 282,230 | 28,492 |
| Forward Air Corporation | 540 | 1,262,826 | -173,671 |
| PEERS TOTAL | 168,546 | 205,999 | 9,024 |
Air T Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Fedex Corporation | United States 71.73 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Air T Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 23 companies in Air T Inc's industry classification, broader than the peer set above. Market cap in millions of $.Air T Inc ranks #19 of 23 companies by market capitalization in its industry, holding 0.03 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 2,126, indicating a moderately concentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | United Parcel Service Inc | 92,172 | 33.57 % |
| 2 | Fedex Corporation | 73,645 | 26.82 % |
| 3 | Old Dominion Freight Line Inc | 34,421 | 12.54 % |
| 4 | J b Hunt Transport Services Inc | 20,655 | 7.52 % |
| 5 | Zto Express cayman Inc | 1,234 | 5.2% |
| 6 | Saia Inc | 1,234 | 5.2% |
| 7 | Tfi International Inc | 1,234 | 5.2% |
| 8 | Schneider National Inc | 1,234 | 5.2% |
| 9 | Landstar System Inc | 1,234 | 5.2% |
| 10 | Arcbest Corporation | 1,234 | 5.2% |
| 19 | Air T Inc | 75 | 0.03 % |
Market cap and industry share for the rest of Air T Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Air T Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 14 | Covenant Logistics Group Inc | 839 | 60.81 % |
| 15 | Heartland Express Inc | 781 | 30.44 % |
| 16 | Universal Logistics Holdings Inc | 715 | 85.19 % |
| 17 | Bingex Limited | 309 | -61.28 % |
| 18 | Pamt Corp | 1,234 | 12.3% |
| 19 | Air T Inc | 75 | 26.93 % |
| 20 | Stak Inc | 1,234 | 12.3% |
| 21 | Elite Express Holding inc | 1,234 | 12.3% |
| 22 | Shengfeng Development Limited | 1,234 | 12.3% |
| 23 | Toppoint Holdings Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Air T Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Air T Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Transport & Logistics industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (33 companies). See the full Transport & Logistics industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | - | 47.17 % (avg) | - |
| Operating Margin | 0.18 % | industry median | -2.5 pp |
| EBITDA Margin | 0.24 % | 8.37 % (avg) | -8.1 pp |
| Capital Intensity (Capex / Revenue) | 10.11 % | 5.58 % (avg) | +4.5 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Air T Inc's Valuation vs Competitive Position
Valuation multiples vs the Transport & Logistics industry average (33 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Transport & Logistics industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 0.9x | 36.7x | -35.7x |
| EV / EBITDA | 1.9x | 13.4x | -11.5x |
| P/B | 1.6x | 2.9x | -1.3x |
| Return on Equity | 1.76 % | industry aggregate | -13.94 % |
| Return on Invested Capital | 0.30 % | 4.20 % (avg) | -3.90 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Air T Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 23.03 % | 12.50 % | -27.46 % | -10.59 % | 23.66 % | 28.59 % | 3.36 % | -8.63 % |
| Operating Margin | 1.52 % | 4.31 % | -0.53 % | 0.99 % | 4.09 % | -1.99 % | 2.21 % | -0.39 % |
| Return on Invested Capital | 3.82 % | 11.03 % | -0.79 % | 1.15 % | 4.70 % | -3.82 % | 4.29 % | -0.74 % |
| P/E | 134.2x | 18.8x | - | 8.8x | 63.8x | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Air T Inc's Strategic Group Map
Air T Inc is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Air T Inc's trailing-12-month revenue growth of 25.4% and operating margin of 0.2% compares with an average of 11.9% growth and 3.4% margin across its 8 closest peers by combined growth, margin and ROIC -- Air T Inc sits above that peer average on growth and below it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Air T Inc's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Air T Inc falls in the Dog quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue 7.0% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Air T Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 2,126 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 10.11 % vs industry average 5.58 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Air T Inc's dedicated Suppliers and Customers pages, not here.
Air T Inc's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Air T Inc falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Air T Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+24.3% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Return on equity 13.9 points below the industry aggregate.
- Low relative market share vs the industry leader (0.00x).
Opportunities
No rule matched.
Threats
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: see Methodology: SWOT Analysis.
Air T Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Air T Inc | 0.24 | 1.64 | 4.70 |
| United Parcel Service Inc | 0.39 | 1.23 | 1.94 |
| Fedex Corporation | 0.49 | 1.37 | 0.89 |
| Pitney Bowes Inc | 0.18 | 0.69 | - |
| Forward Air Corporation | 0.30 | 1.24 | 18.96 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Air T Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Air T Inc | Q2 2026 | +62.9 % | - |
| United Parcel Service Inc | Q2 2026 | +7.6 % | -52.9 % |
| Fedex Corporation | Q3 2026 | +2.7 % | -64.8 % |
| Pitney Bowes Inc | Q3 2026 | -0.8 % | +1.4 % |
| Forward Air Corporation | Q2 2026 | +8.8 % | - |
| PEERS TOTAL | +5.2 % | -68.0 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Air T Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Air T Inc | Q2 2026 | +934.7 % | +9,130.7 % |
| United Parcel Service Inc | Q2 2026 | +113.0 % | -38.3 % |
| Fedex Corporation | Q3 2026 | +136.4 % | - |
| Pitney Bowes Inc | Q3 2026 | +2,602.9 % | -32.2 % |
| Forward Air Corporation | Q2 2026 | +30.8 % | -32.3 % |
Air T Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Air T Inc | 22.52% | 26.74% | 191.66% |
| United Parcel Service Inc | 6.36% | 7.71% | 29.02% |
| Fedex Corporation | 4.16% | 5.63% | 12.56% |
| Pitney Bowes Inc | 6.10% | 12.44% | - |
| Forward Air Corporation | - | - | - |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Air T Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Air T Inc | 1.17 | 0.20 |
| United Parcel Service Inc | 20.09 | 1.02 |
| Fedex Corporation | 20.98 | 0.77 |
| Pitney Bowes Inc | 12.15 | 1.17 |
| Forward Air Corporation | - | 0.21 |
| PEERS AVERAGE | 20.13 | 0.89 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.