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Air Industries

AIRI
23
Aerospace & Defense · Industrials
Exchange
New York Stock Exchange Arca
Winston Score
23
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Weak
Growth
Mixed
Cash Flow
Weak
Stability
Weak
Valuation
Data not available

Winston Score History

The full picture

Air Industries Group is a small American company that makes metal parts and assemblies for military and commercial aircraft. Its customers include major defense contractors like Lockheed Martin, Northrop Grumman, and the U.S. Navy, who use these parts in fighter jets, helicopters, and other aircraft. The company operates primarily in the aerospace and defense industry, focusing on complex structural components that require precise manufacturing.

Air Industries earns money by fulfilling long-term contracts with defense primes and government agencies, getting paid for the parts and assemblies it delivers. It operates mainly in the United States, with facilities in New York and Connecticut, and generates roughly $60–70 million in annual revenue, making it one of the smaller players in defense manufacturing. Its main competitive advantage is its established relationships with large defense contractors, but its near-zero operating margins leave little room for error, and rising labor or material costs could quickly push the business into deeper losses.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

>+1,000% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

-63.6% YoY

YoY Growth Rate

Earnings declining

Insider Activity

35.4%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$694,000 cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Air Industries grew revenue 94655% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
20.7%
Thin — 20.7% gross margin
Profit after running costs
Operating Margin
-3.1%
Losing money on operations — -3.1%
Return on the money invested
ROCE
-749.6%
Weak — -749.6% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
>+1,000%
Fast-growing sales (>+1,000% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-0.0%
Burning cash (-0.0%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
1.70
Elevated debt (1.70)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
no trend
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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