Air T (AIRT) Operating Expenses (2010 - 2025)
Air T posted quarterly Operating Expenses of $74.9 million for Q4 2025, down 2.02% year-on-year from $76.5 million in Q4 2024, and up 14.06% on a QoQ basis from $65.7 million in Q3 2025.
Air T (AIRT) has 16 years of Operating Expenses data on file, last reported at $74.9 million in Q4 2025.
- For the quarter ending Q4 2025, Operating Expenses fell 2.02% year-over-year to $74.9 million; the trailing twelve-month figure through Dec 2025 stood at $211.0 million (down 4.55% YoY), and the FY2025 full-year result was $289.9 million, up 1.53% from the prior year.
- Operating Expenses for Q4 2025 stood at $74.9 million, up from $65.7 million in the prior quarter.
- Across five years, Operating Expenses topped out at $78.2 million in Q3 2023 and bottomed at $37.0 million in Q2 2021.
- The 5-year median for Operating Expenses is $65.7 million (2025), against an average of $62.9 million.
- The widest annual swing landed in 2021, when Operating Expenses retreated 17.06%; it then surged 42.26% in 2022.
- A 5-year view of Operating Expenses shows it stood at $45.4 million in 2021, then surged by 34.91% to $61.3 million in 2022, then advanced by 6.7% to $65.4 million in 2023, then advanced by 16.97% to $76.5 million in 2024, then declined by 2.02% to $74.9 million in 2025.
- The last three Operating Expenses figures came in at $74.9 million (Q4 2025), $65.7 million (Q3 2025), and $70.4 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Honeywell International | 149.73 Bn | 138.42 Bn | 3.54 Bn | 1.80 Bn |
| 2 | 3M | 79.89 Bn | 75.79 Bn | 2.46 Bn | 4.63 Bn |
| 3 | Valmont Industries | 10.28 Bn | 10.12 Bn | 316.88 Mn | 161.25 Mn |
| 4 | Seaboard | 5.00 Bn | 3.86 Bn | 217.00 Mn | 121.00 Mn |
| 5 | Otter Tail | 3.50 Bn | 3.10 Bn | 239.49 Mn | 261.79 Mn |
| 6 | Tetra Technologies | 1.39 Bn | 1.39 Bn | 38.23 Mn | 118.03 Mn |
| 7 | Deluxe | 1.11 Bn | 1.08 Bn | 279.40 Mn | 212.70 Mn |
| 8 | Matthews International | 838.50 Mn | 802.41 Mn | 101.98 Mn | 72.41 Mn |
| 9 | Compass Diversified Holdings | 825.34 Mn | 892.99 Mn | 189.36 Mn | 132.01 Mn |
| 10 | Air T | 60.14 Mn | 30.22 Mn | 70.31 Mn | 74.91 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 74.91 Mn |
| Sep 30, 2025 | 65.68 Mn |
| Jun 30, 2025 | 70.42 Mn |
| Dec 31, 2024 | 76.46 Mn |
| Sep 30, 2024 | 77.62 Mn |
| Jun 30, 2024 | 66.99 Mn |
| Dec 31, 2023 | 65.36 Mn |
| Sep 30, 2023 | 78.21 Mn |
| Jun 30, 2023 | 70.77 Mn |
| Dec 31, 2022 | 61.26 Mn |
| Sep 30, 2022 | 60.51 Mn |
| Jun 30, 2022 | 50.03 Mn |
| Dec 31, 2021 | 45.41 Mn |
| Sep 30, 2021 | 42.53 Mn |
| Jun 30, 2021 | 36.97 Mn |
| Dec 31, 2020 | 54.75 Mn |
| Sep 30, 2020 | 39.29 Mn |
| Jun 30, 2020 | 37.24 Mn |
| Dec 31, 2019 | 69.58 Mn |
| Sep 30, 2019 | 50.23 Mn |
| Jun 30, 2019 | 46.19 Mn |
| Dec 31, 2018 | 53.62 Mn |
| Sep 30, 2018 | 41.75 Mn |
| Jun 30, 2018 | 58.26 Mn |
| Mar 31, 2018 | 52.45 Mn |
| Dec 31, 2017 | 43.95 Mn |
| Sep 30, 2017 | 48.39 Mn |
| Jun 30, 2017 | 45.48 Mn |
| Mar 31, 2017 | 42.37 Mn |
| Dec 31, 2016 | 34.13 Mn |
| Sep 30, 2016 | 37.50 Mn |
| Jun 30, 2016 | 37.57 Mn |
| Mar 31, 2016 | 5.92 Mn |
| Dec 31, 2015 | 42.73 Mn |
| Sep 30, 2015 | 39.15 Mn |
| Jun 30, 2015 | 23.41 Mn |
| Mar 31, 2015 | 26.30 Mn |
| Dec 31, 2014 | 28.75 Mn |
| Sep 30, 2014 | 32.03 Mn |
| Jun 30, 2014 | 21.68 Mn |
| Mar 31, 2014 | 24.60 Mn |
| Dec 31, 2013 | 29.04 Mn |
| Sep 30, 2013 | 23.44 Mn |
| Jun 30, 2013 | 21.06 Mn |
| Mar 31, 2013 | 29.97 Mn |
| Dec 31, 2012 | 25.72 Mn |
| Sep 30, 2012 | 20.81 Mn |
| Jun 30, 2012 | 23.83 Mn |
| Mar 31, 2012 | 21.71 Mn |
| Dec 31, 2011 | 24.75 Mn |
| Sep 30, 2011 | 24.54 Mn |
| Jun 30, 2011 | 16.31 Mn |
| Mar 31, 2011 | 135.29 Mn |
| Dec 31, 2010 | -21.39 Mn |
| Sep 30, 2010 | -19.35 Mn |
| Jun 30, 2010 | -14.61 Mn |