TORVANTA
Other · S&P 500 · data as of 2026-10-05

AIR stock analysis: AIR

AIR (AIR) is an S&P 500 company in Other. It grades strongest on growth and weakest on profitability and momentum.

The model's view of AIR · subscribers

Where AIR ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with AIR · updated 2026-10-05 · from prices and SEC filings

AIR price performance

AIR against the S&P 500, one year
+0%+50%S&P 500 +18%AIR +16%2025-09-292026-10-05
Year to date+23.5%S&P 500 +14.5% · ahead by 9.0 pts
1 year+25.0%S&P 500 +17.0% · ahead by 8.0 pts
3 years+72.7%S&P 500 +89.3% · behind by 16.5 pts
5 years+201.1%S&P 500 +91.3% · ahead by 109.8 pts

Total returns with dividends reinvested.

AIR factor grades

Each grade compares AIR with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

B-ValueP/E 21.0x (industry 20.1x)FCF yield 3.9% (industry 6.0%)
AGrowthRevenue growth +22% (industry +8%)EPS growth +518% (industry +10%)
C-Profitability
C-Momentum12-month change +25%From 52-wk high -33%

AIR in plain numbers

AIR key statistics

SectorOther
Industryn/a
IndexS&P 500
Market value$4.1B
Revenue growth (y/y)+22%
Free-cash-flow yield3.9%
Dividend yieldn/a
Next earnings (expected)2027-01-05
Valuation measures
Market value$4.1B
Enterprise value$4.9B
P/E (trailing)21.0x
Forward P/E (Torvanta estimate)14.0x
PEG (Torvanta estimate)0.28
Price / sales1.2x
Price / book2.4x
EV / revenue1.4x
Financial highlights
Revenue, last 12 months$3.5B
Net income, last 12 months$193.4M
EPS, last 12 months (GAAP)$4.88
Gross margin19.1%
Net margin5.5%
Return on equity12.9%
Cash$104.5M
Total debt$879.6M
Debt / equity0.50x
Free cash flow, last 12 months$159.7M
Current ratio2.83x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

AIR earnings trends

Revenue vs earnings
-$30.6M$209.1M$448.7M$688.4M$928.0MNov 2024 Revenue: $686.1MFeb 2025 Revenue: $678.2MMay 2025 Revenue: $754.5MAug 2025 Revenue: $739.6MNov 2025 Revenue: $795.3MFeb 2026 Revenue: $845.1MMay 2026 Revenue: $928.0MAug 2026 Revenue: $918.0MNov 2024 Net income: -$30.6MFeb 2025 Net income: -$8.9MMay 2025 Net income: $34.0MAug 2025 Net income: $34.4MNov 2025 Net income: $34.6MFeb 2026 Net income: $68.0MMay 2026 Net income: $50.7MAug 2026 Net income: $40.1MNov 2024Feb 2025May 2025Aug 2025Nov 2025Feb 2026May 2026Aug 2026Net margin: -4.5%Net margin: -1.3%Net margin: 4.5%Net margin: 4.7%Net margin: 4.4%Net margin: 8.0%Net margin: 5.5%Net margin: 4.4%-4%2%8%■ Revenue ■ Net income ━ Net margin
Earnings per share$-0.9$-0.2$0.4$1.1$1.7Nov 2024 EPS (GAAP, diluted): $-0.9Feb 2025 EPS (GAAP, diluted): $-0.3May 2025 EPS (GAAP, diluted): $1.0Aug 2025 EPS (GAAP, diluted): $1.0Nov 2025 EPS (GAAP, diluted): $0.9Feb 2026 EPS (GAAP, diluted): $1.7May 2026 EPS (GAAP, diluted): $1.3Aug 2026 EPS (GAAP, diluted): $1.0Nov 2024Feb 2025May 2025Aug 2025Nov 2025Feb 2026May 2026Aug 2026■ EPS (GAAP, diluted) Change from a year earlier: May 2026 +32% · Aug 2026 +5%

From the company's 10-Q and 10-K filings with the SEC.

AIR financials (from SEC filings)

Fiscal yearFY2022FY2023FY2024FY2025FY2026
Revenue$1.8B$2.0B$2.3B$2.8B$3.3B
Net income$78.7M$90.2M$46.3M$12.5M$187.7M
EPS (GAAP)$2.17$2.54$1.29$0.34$4.83
Free cash flow$57.9M-$6.2M$13.9M$1.4M$62.1M

AIR earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-09-28$1.00+5%+24%-7.1%
2026-07-21$1.27+32%+23%-6.7%
2026-03-24$1.71n/a+25%+14.3%
2026-01-06$0.90n/a+16%+3.5%
2025-09-23$0.95+90%+12%+7.0%
2025-07-16$0.96+284%+15%+15.0%

About AIR

HeadquartersWood Dale, IL
Industry (SEC code)Aircraft & Parts
Fiscal year endsMay 31
Incorporated inDE
Listed onNYSE

From the company's SEC registration record.

Companies similar to AIR

CompanyMarket valueP/ERevenue growthOperating margin12-month change
AIR AIR$4.1B21.0x+22%n/a+25%
MIR MIR$4.1B149.2x+16%5.3%-35%compare
CNK CNK$4.1B29.0x+7%n/a+29%compare
TDS TDS$4.1B11.7x-74%37.0%+10%compare
FBP FBP$4.1B11.4x+2%n/a+27%
BRC BRC$4.1Bn/a+10%15.9%+11%
UCB UCB$4.1B11.1x+17%n/a+11%

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Frequently asked questions

Is AIR stock a buy?

Torvanta does not tell individuals what to buy. Its grades for AIR are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is AIR's P/E ratio?

AIR trades at about 21.0 times its last 12 months of GAAP earnings reported to the SEC, and about 14.0 times Torvanta's own estimate of the next 12 months.

When does AIR report earnings next?

Based on its filing history, Torvanta expects AIR to report around 2027-01-05.

How has AIR performed against the S&P 500?

Over the past year AIR returned +25.0%, against +17.0% for the S&P 500, dividends reinvested.

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Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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