Air Industries Group (AIRI) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 26, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the S-4/A for Q2 FY2026, filed Oct 22, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AIRI SEC filings page.
Air Industries Group (AIRI) reported $46.7M in revenue over the twelve months to Jun 30, 2026, down 10.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
The business earns gross profit, but declining sales, rising reinvestment, and weaker cash conversion leave financing important.
Gross margin reached17.1% in FY2025 even as operating cash flow was-$1.4M , showing that cost of sales was not the main cash constraint. FY2024 operating cash flow was$324K , but FY2025 free cash flow was-$4.7M , so cash deterioration extended beyond the accounting loss into reinvestment needs.
Revenue fell
Inventory grew
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 4 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Air Industries Group's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Air Industries Group held $4.6M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $1.4M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Air Industries Group scores 67/100 among other emerging companies.
Air Industries Group had 5M shares outstanding at the end of fiscal year 2025, against 4M in fiscal year 2024. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Air Industries Group scores 36/100 among other emerging companies.
Not available for Air Industries Group, so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
Air Industries Group reported revenue of $47.9M in fiscal year 2025, against $55.1M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Air Industries Group scores 39/100 among other emerging companies.
Not available for Air Industries Group, so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
Air Industries Group's cash, cash equivalents and investments came to $4.6M at the end of fiscal year 2025, against $39.1M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Air Industries Group scores 19/100 among other emerging companies.
Air Industries Group scores -0.51, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $70.4M against total assets of $58.3M. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Air Industries Group passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
Air Industries Group reported a net loss of $1.3M while operations used $1.4M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Air Industries Group reported an operating loss of $338K against $1.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Air Industries Group generated $12.0M in revenue in Q2 2026. This represents a decrease of 5.2% from the same quarter a year earlier. Against the prior quarter it is up 3.4%.
Air Industries Group's EBITDA was $398K in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 40.1% from the same quarter a year earlier. Against the prior quarter it is up 104.1%.
Air Industries Group reported a net loss of $846K in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Air Industries Group earned -$0.18 per diluted share (EPS) in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
Air Industries Group generated $1.5M in free cash flow in Q2 2026, representing cash available after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Air Industries Group held $4.6M in cash against $1.4M in long-term debt as of Q2 2026, with $39.7M of liabilities due within a year.
Not reported for Q2 2026.
Margins & Returns
Air Industries Group's gross margin was 20.7% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 4.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.7 percentage points.
Air Industries Group's operating margin was -3.0% in Q2 2026, reflecting core business profitability. This is down 3.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.8 percentage points.
Air Industries Group's net profit margin was -7.0% in Q2 2026, showing the share of revenue converted to profit. This is down 3.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.7 percentage points.
Air Industries Group's quarterly ROE was -4.7% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is down 1.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.7 percentage points.
Capital Allocation
Air Industries Group invested $60K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 93.3% from the same quarter a year earlier. Against the prior quarter it is down 85.9%.
Not reported for Q2 2026.
Not reported for Q2 2026.
AIRI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'26S-4/A | Q1'26S-4 | Q4'25S-4/A | Q3'2510-Q | Q2'25S-4/A | Q1'25S-4 | Q4'24S-4/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.0M-5.2% | $11.6M-4.4% | $12.8M-14.1% | $10.3M-17.9% | $12.7M-6.7% | $12.1M-13.7% | $14.9M+10.8% | $12.6M+2.1% |
| Cost of Revenue | $9.5M-10.5% | $9.0M-10.9% | $11.0M-11.9% | $8.0M-24.5% | $10.6M-2.7% | $10.1M-16.9% | $12.5M+10.2% | $10.6M-4.1% |
| Gross Profit | $2.5M+22.4% | $2.6M+27.9% | $1.8M-25.0% | $2.3M+18.2% | $2.0M-23.3% | $2.0M+6.7% | $2.4M+13.5% | $1.9M+58.1% |
| Operating Income | -$366K-4675.0% | -$565Kn/m | $84Kn/m | $316K+371.6% | $8K-98.9% | -$746Kn/m | -$101K-117.2% | $67Kn/m |
| EBITDA | $398K-40.1% | $195Kn/m | $868K+149.4% | $992K+58.2% | $664K-48.4% | -$166K-161.9% | $348K-50.2% | $627Kn/m |
| Interest Expense | $414K+15.0% | $407K+18.0% | $400K+12.0% | $380K+4.4% | $360K+1.1% | $345K+0.3% | $357K-37.8% | $364K-8.5% |
| Income Tax | $18K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$846Kn/m | -$1.0Mn/m | $149Kn/m | -$44Kn/m | -$422K-241.6% | -$988Kn/m | -$554K-406.1% | -$404Kn/m |
| EPS (Basic) | -$0.18n/m | -$0.21n/m | $0.05n/m | -$0.01n/m | -$0.11-222.2% | -$0.27n/m | -$0.17-383.3% | -$0.12n/m |
| EPS (Diluted) | -$0.18n/m | -$0.21n/m | $0.05n/m | -$0.01n/m | -$0.11-237.5% | -$0.27n/m | -$0.17-383.3% | -$0.12n/m |
| Diluted Shares (Avg) | 5M+28.9% | 5M+31.4% | N/A | 4M+24.2% | 4M+0.2% | 4M+9.8% | N/A | 3M+1.6% |
Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses.
AIRI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'26S-4/A | Q1'26S-4 | Q4'25S-4/A | Q3'2510-Q | Q2'25S-4/A | Q1'25S-4 | Q4'24S-4/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $59.2M+17.5% | $59.2M+22.4% | $58.3M+14.3% | $58.0M+15.1% | $50.4M | $48.4M-3.7% | $51.0M+0.6% | $50.4M+1.3% |
| Current Assets | $49.0M+28.6% | $48.2M+32.3% | $46.8M+19.4% | $45.8M+18.6% | $38.1M | $36.4M-4.9% | $39.2M+1.2% | $38.6M+2.0% |
| Cash & Equivalents | $4.6M+812.0% | $4.2M+1379.3% | $4.6M+512.2% | $4.1M+2080.6% | $507K+105.3% | $285K+26.7% | $753K+117.6% | $186K-74.9% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Inventory | $36.7M+21.6% | $35.3M+21.9% | $34.3M+18.9% | $34.4M+12.8% | $30.2M | $28.9M-1.4% | $28.8M-3.5% | $30.5M-2.7% |
| Accounts Receivable | N/A | N/A | $7.1M-20.6% | N/A | $7.0M | $6.8M | $8.9M+12.8% | $7.3M |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Total Liabilities | $41.1M+17.1% | $40.1M+21.1% | $39.1M+8.5% | $39.1M+9.6% | $35.1M | $33.1M-7.3% | $36.1M+1.5% | $35.7M+2.6% |
| Current Liabilities | $39.7M+39.9% | $38.6M+48.2% | $37.6M+37.2% | $37.6M+40.1% | $28.4M | $26.1M-2.4% | $27.4M+3.0% | $26.8M+4.9% |
| Non-Current Liabilities | $1.4M-78.9% | $1.5M-79.3% | $1.5M-82.5% | $1.5M-82.6% | $6.7M | $7.0M-21.9% | $8.7M-3.0% | $8.9M-3.6% |
| Long-Term Debt | $1.4M-12.5% | $1.5M-13.4% | $1.5M-14.0% | $1.5M-11.5% | $1.6M | $1.7M+15.0% | $1.8M+58.2% | $1.7M+51.2% |
| Total Equity | $18.1M+18.6% | $19.1M+25.2% | $19.2M+28.5% | $18.8M+28.4% | $15.3M+2.5% | $15.3M+5.1% | $14.9M-1.6% | $14.7M-1.8% |
| Retained Earnings | -$72.3Mn/m | -$71.4Mn/m | -$70.4Mn/m | -$70.6Mn/m | -$70.5M | -$70.1Mn/m | -$69.1Mn/m | -$68.6Mn/m |
Not reported in any period shown, so not listed: Goodwill.
AIRI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'26S-4/A | Q1'26S-4 | Q4'25S-4/A | Q3'2510-Q | Q2'25S-4/A | Q1'25S-4 | Q4'24S-4/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.5M+341.4% | -$1.3M-185.1% | -$598Kn/m | -$2.6M-1608.0% | $345K-39.0% | $1.5Mn/m | -$184Kn/m | $174K-96.9% |
| Depreciation & Amortization | $764K+16.5% | $760K+31.0% | $735K+63.7% | $676K+20.7% | $656K+22.4% | $580K+10.1% | $449K+300.9% | $560K-11.8% |
| Stock-Based Compensation | N/A | $964K+103.4% | N/A | N/A | $4K-66.7% | $474K+664.5% | N/A | N/A |
| Capital Expenditures | $60K-93.3% | $425K-65.1% | $304K-62.0% | $905K+236.4% | $896K-20.0% | $1.2M+996.4% | $801K+217.9% | $269K-44.4% |
| Free Cash Flow | $1.5Mn/m | -$1.7M-659.4% | -$902Kn/m | -$3.5Mn/m | -$551Kn/m | $308Kn/m | -$985Kn/m | -$95K-101.8% |
| Investing Cash Flow | -$60Kn/m | -$425Kn/m | -$304Kn/m | -$705Kn/m | -$896Kn/m | -$1.2Mn/m | -$792Kn/m | -$269Kn/m |
| Financing Cash Flow | -$1.1M-236.5% | $1.3Mn/m | $1.5M-5.6% | $6.9M+20129.4% | $773K+35.9% | -$776K-449.5% | $1.5M-25.9% | $34Kn/m |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
AIRI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'26S-4/A | Q1'26S-4 | Q4'25S-4/A | Q3'2510-Q | Q2'25S-4/A | Q1'25S-4 | Q4'24S-4/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 20.7%+4.7pp | 22.4%+5.7pp | 14.3%-2.1pp | 22.3%+6.8pp | 16.0%-3.5pp | 16.8%+3.2pp | 16.4%+0.4pp | 15.5%+5.5pp |
| Operating Margin | -3.0%-3.1pp | -4.9%+1.3pp | 0.7%+1.3pp | 3.1%+2.5pp | 0.1%-5.5pp | -6.2%-4.3pp | -0.7%-5.0pp | 0.5%+7.0pp |
| Net Margin | -7.0%-3.7pp | -8.8%-0.7pp | 1.2%+4.9pp | -0.4%+2.8pp | -3.3%-5.5pp | -8.1%-3.1pp | -3.7%-5.1pp | -3.2%+7.4pp |
| Return on Equity | -4.7%-1.9pp | -5.3%+1.1pp | 0.8%+4.5pp | -0.2%+2.5pp | -2.8%-4.8pp | -6.5%-1.6pp | -3.7%-4.9pp | -2.8%+5.9pp |
| Return on Assets | -1.4%-0.6pp | -1.7%+0.3pp | 0.3%+1.4pp | -0.1%+0.7pp | -0.8% | -2.0%-0.6pp | -1.1%-1.4pp | -0.8%+1.8pp |
| Current Ratio | 1.24-0.1x | 1.25-0.2x | 1.24-0.2x | 1.22-0.2x | 1.34 | 1.400.0x | 1.430.0x | 1.440.0x |
| Debt-to-Equity | 0.080.0x | 0.080.0x | 0.080.0x | 0.080.0x | 0.11 | 0.110.0x | 0.120.0x | 0.120.0x |
| Liabilities-to-Equity | 2.270.0x | 2.09-0.1x | 2.04-0.4x | 2.08-0.4x | 2.30 | 2.16-0.3x | 2.41+0.1x | 2.43+0.1x |
| Asset Turnover | 0.200.0x | 0.20-0.1x | 0.22-0.1x | 0.18-0.1x | 0.25 | 0.250.0x | 0.290.0x | 0.250.0x |
| FCF Margin | 12.2%+16.5pp | -14.8%-17.4pp | -7.0%-0.4pp | -34.2%-33.5pp | -4.3%-0.3pp | 2.5%+5.0pp | -6.6%+11.8pp | -0.8%-43.1pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Air Industries Group AIRI | FY2025 | $47.9M | -$1.3M | -2.7% | $12.4M | 40/100 |
| Nauticus Robotics, Inc. KITT | FY2025 | $5.3M | -$40.8M | N/A | $1.6M | 33/100 |
| Momentus Inc. MNTS | FY2025 | $1.1M | -$30.5M | N/A | $47.2M | 44/100 |
| CPI Aerostructures, Inc. CVU | FY2025 | $69.3M | -$843K | -1.2% | $64.4M | 47/100 |
| ParaZero Technologies Ltd. PRZO | FY2025 | $1.0M | -$5.4M | N/A | $14.5M | 46/100 |
| Hyperscale Data, Inc. GPUS | FY2025 | $102.1M | -$66.4M | -65.0% | $28.7M | 14/100 |
Where Air Industries Group Ranks
Frequently Asked Questions
What is Air Industries Group's annual revenue?
Air Industries Group (AIRI) reported $47.9M in total revenue for fiscal year 2025. This represents a -13.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Air Industries Group's revenue growing?
Air Industries Group (AIRI) revenue declined by 13.0% year-over-year, from $55.1M to $47.9M in fiscal year 2025.
Is Air Industries Group profitable?
No, Air Industries Group (AIRI) reported a net loss of $1.8M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $1.3M, with a net profit margin of -2.7%.
What is Air Industries Group's EBITDA?
Air Industries Group (AIRI) had EBITDA of $2.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Air Industries Group have?
As of fiscal year 2025, Air Industries Group (AIRI) had $4.6M in cash and equivalents against $1.5M in long-term debt.
What is Air Industries Group's gross margin?
Air Industries Group (AIRI) had a gross margin of 17.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Air Industries Group's operating margin?
Air Industries Group (AIRI) had an operating margin of -0.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Air Industries Group's net profit margin?
Air Industries Group (AIRI) had a net profit margin of -2.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Air Industries Group's return on equity (ROE)?
Air Industries Group (AIRI) has a return on equity of -6.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Air Industries Group's free cash flow?
Air Industries Group (AIRI) recorded an outflow of $4.7M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Air Industries Group's operating cash flow?
Air Industries Group (AIRI) recorded an outflow of $1.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Air Industries Group's total assets?
Air Industries Group (AIRI) had $58.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Air Industries Group's capital expenditures?
Air Industries Group (AIRI) invested $3.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Air Industries Group's current ratio?
Air Industries Group (AIRI) had a current ratio of 1.24 as of fiscal year 2025, which is considered adequate.
What is Air Industries Group's debt-to-equity ratio?
Air Industries Group (AIRI) had a debt-to-equity ratio of 0.08 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Air Industries Group's liabilities-to-equity ratio?
Air Industries Group (AIRI) had a liabilities-to-equity ratio of 2.04 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is Air Industries Group's return on assets (ROA)?
Air Industries Group (AIRI) had a return on assets of -2.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Air Industries Group's P/E ratio?
Air Industries Group (AIRI) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $12.4M as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Air Industries Group's price-to-sales ratio?
Air Industries Group (AIRI) trades at 0.3x sales, its market capitalization divided by $46.7M revenue, trailing 12 months to June 30, 2026. The market capitalization is $12.4M as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Air Industries Group's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Air Industries Group (AIRI) held $4.6M in cash, cash equivalents and investments, and reported an operating cash outflow of $1.4M over that year. Dividing the one by the other, the reported balance equals about 41 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Air Industries Group's Altman Z-Score?
Air Industries Group (AIRI) has an Altman Z-Score of -0.51, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Air Industries Group's Piotroski F-Score?
Air Industries Group (AIRI) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Air Industries Group's earnings high quality?
Air Industries Group (AIRI) reported a net loss of $1.3M while operations used $1.4M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Air Industries Group cover its interest payments?
Air Industries Group (AIRI) reported an operating loss of $338K against $1.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Air Industries Group?
Air Industries Group (AIRI) scores 40 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is the average of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Air Industries Group it averages the 4 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.