Air T (AIRT) Cost of Revenue (2019 - 2026)
Air T's Cost of Revenue came in at $45.3 million for fiscal Q1 2027 (quarter ended Jun 30, 2026), up 69.3% from $26.76 million a year earlier and up 56.2% from the prior quarter.
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Analysis
Air T (AIRT) Cost of Revenue (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Air T reported Cost of Revenue of $127.63 million, up 19.6% year-over-year; for FY2026 (ended Mar 31, 2026), it came in at $109.09 million, up 3.2% from FY2025.
- Cost of Revenue has increased in each of the last three fiscal years, though with a five-year compound annual growth rate of -4.9% (FY2021 to FY2026).
- Going back by fiscal year, Cost of Revenue was $105.67 million in FY2025 (+4.4%), $101.25 million in FY2024 (+27.0%), $79.72 million in FY2023 and $145,000 in FY2022 (-99.9%).
- The fiscal Q1 2027 figure represents the highest quarterly Cost of Revenue since fiscal Q3 2024.
- Year-over-year, Cost of Revenue has increased for three consecutive quarters, with an average decline of 3.8% over the last seven quarters.
- The fastest year-over-year change in Cost of Revenue over five years came in fiscal Q1 2027 (growth of 69.3%), and the weakest in fiscal Q2 2025 (a decline of 59.3%).
- Business Quant data shows AIRT's Cost of Revenue at $29 million (Q4 2026), $27.26 million (Q3 2026) and $26.07 million (Q2 2026) in the three fiscal quarters before Q1 2027.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 321.31 Bn | 275.31 Bn | 4.68 Bn | 8.67 Bn |
| 2 | Rtx | 248.97 Bn | 222.19 Bn | 5.13 Bn | 19.58 Bn |
| 3 | Boeing | 152.99 Bn | 59.70 Bn | 2.41 Bn | 22.15 Bn |
| 4 | Lockheed Martin | 116.67 Bn | 103.39 Bn | 2.45 Bn | 17.62 Bn |
| 5 | Howmet Aerospace | 92.54 Bn | 88.15 Bn | 951.00 Mn | 1.60 Bn |
| 6 | General Dynamics | 89.31 Bn | 76.42 Bn | 2.18 Bn | 11.91 Bn |
| 7 | Motorola Solutions | 74.04 Bn | 70.40 Bn | 1.68 Bn | 1.46 Bn |
| 8 | Northrop Grumman | 67.90 Bn | 57.15 Bn | 2.12 Bn | 8.76 Bn |
| 9 | Honeywell International | 67.82 Bn | 20.27 Bn | 3.65 Bn | 6.07 Bn |
| 10 | Air T | 80.21 Mn | 582,585.15 | 70.16 Mn | 45.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 45.30 Mn |
| Mar 31, 2026 | 29.00 Mn |
| Dec 31, 2025 | 27.26 Mn |
| Sep 30, 2025 | 26.07 Mn |
| Jun 30, 2025 | 26.76 Mn |
| Mar 31, 2025 | 27.76 Mn |
| Dec 31, 2024 | 25.85 Mn |
| Sep 30, 2024 | 26.35 Mn |
| Jun 30, 2024 | 25.72 Mn |
| Mar 31, 2024 | -73.11 Mn |
| Dec 31, 2023 | 51.39 Mn |
| Sep 30, 2023 | 64.75 Mn |
| Jun 30, 2023 | 58.22 Mn |
| Mar 31, 2023 | -53.02 Mn |
| Dec 31, 2022 | 48.02 Mn |
| Sep 30, 2022 | 47.33 Mn |
| Jun 30, 2022 | 37.39 Mn |
| Mar 31, 2022 | -97.62 Mn |
| Dec 31, 2021 | 35.80 Mn |
| Sep 30, 2021 | 33.60 Mn |
API Access
Air T Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=AIRT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "AIRT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=AIRT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();