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Side-by-side financial comparison of AIR T INC (AIRT) and Cambium Networks Corp (CMBM). Click either name above to swap in a different company.
AIR T INC is the larger business by last-quarter revenue ($71.1M vs $40.3M, roughly 1.8× Cambium Networks Corp). AIR T INC runs the higher net margin — -3.4% vs -17.9%, a 14.5% gap on every dollar of revenue. On growth, AIR T INC posted the faster year-over-year revenue change (-8.7% vs -23.2%). Cambium Networks Corp produced more free cash flow last quarter ($-10.8M vs $-19.3M). Over the past eight quarters, AIR T INC's revenue compounded faster (-1.1% CAGR vs -27.2%).
Atlas Air, Inc. is a major American cargo airline, passenger charter airline, and aircraft lessor based in White Plains, New York. It is a wholly owned subsidiary of Atlas Air Worldwide Holdings. Atlas Air is the world's largest operator of the Boeing 747, with 61 of the type. In 2021, the airline had 4,056 employees and operated to more than 300 global destinations.
Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.
AIRT vs CMBM — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2024
| Metric | | |
|---|---|---|
| Revenue | $71.1M | $40.3M |
| Net Profit | $-2.5M | $-7.2M |
| Gross Margin | — | 36.6% |
| Operating Margin | -5.3% | -28.4% |
| Net Margin | -3.4% | -17.9% |
| Revenue YoY | -8.7% | -23.2% |
| Net Profit YoY | -89.0% | 71.0% |
| EPS (diluted) | $-0.91 | $-0.26 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $71.1M | — | ||
| Q3 25 | $64.2M | — | ||
| Q2 25 | $70.9M | — | ||
| Q1 25 | $66.3M | — | ||
| Q4 24 | $77.9M | $40.3M | ||
| Q3 24 | $81.2M | $44.7M | ||
| Q2 24 | $66.4M | $45.2M | ||
| Q1 24 | $72.7M | $47.1M |
| Q4 25 | $-2.5M | — | ||
| Q3 25 | $4.4M | — | ||
| Q2 25 | $-1.6M | — | ||
| Q1 25 | $-7.0M | — | ||
| Q4 24 | $-1.3M | $-7.2M | ||
| Q3 24 | $2.5M | $-34.5M | ||
| Q2 24 | $-335.0K | $-14.2M | ||
| Q1 24 | $-1.7M | $-18.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 36.6% | ||
| Q3 24 | — | 43.6% | ||
| Q2 24 | — | 32.5% | ||
| Q1 24 | — | 29.8% |
| Q4 25 | -5.3% | — | ||
| Q3 25 | 8.6% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | -3.9% | — | ||
| Q4 24 | 1.8% | -28.4% | ||
| Q3 24 | 4.5% | -69.6% | ||
| Q2 24 | -0.9% | -27.2% | ||
| Q1 24 | 2.0% | -33.1% |
| Q4 25 | -3.4% | — | ||
| Q3 25 | 6.8% | — | ||
| Q2 25 | -2.3% | — | ||
| Q1 25 | -10.6% | — | ||
| Q4 24 | -1.7% | -17.9% | ||
| Q3 24 | 3.1% | -77.3% | ||
| Q2 24 | -0.5% | -31.5% | ||
| Q1 24 | -2.3% | -39.2% |
| Q4 25 | $-0.91 | — | ||
| Q3 25 | $1.61 | — | ||
| Q2 25 | $-0.61 | — | ||
| Q1 25 | $-2.55 | — | ||
| Q4 24 | $-0.47 | $-0.26 | ||
| Q3 24 | $0.91 | $-1.22 | ||
| Q2 24 | $-0.12 | $-0.51 | ||
| Q1 24 | $-0.60 | $-0.66 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $38.0M | — |
| Total DebtLower is stronger | $194.2M | $67.6M |
| Stockholders' EquityBook value | $-1.2M | $-3.2M |
| Total Assets | $381.8M | $173.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $38.0M | — | ||
| Q3 25 | $18.6M | — | ||
| Q2 25 | $14.9M | — | ||
| Q1 25 | $6.4M | — | ||
| Q4 24 | $18.5M | — | ||
| Q3 24 | $8.6M | — | ||
| Q2 24 | $7.8M | — | ||
| Q1 24 | $7.6M | — |
| Q4 25 | $194.2M | — | ||
| Q3 25 | $118.4M | — | ||
| Q2 25 | $123.8M | — | ||
| Q1 25 | $110.3M | — | ||
| Q4 24 | $122.9M | $67.6M | ||
| Q3 24 | $126.8M | $67.6M | ||
| Q2 24 | $112.0M | $68.9M | ||
| Q1 24 | $112.9M | $63.8M |
| Q4 25 | $-1.2M | — | ||
| Q3 25 | $69.0K | — | ||
| Q2 25 | $-4.6M | — | ||
| Q1 25 | $-3.2M | — | ||
| Q4 24 | $5.1M | $-3.2M | ||
| Q3 24 | $7.0M | $1.9M | ||
| Q2 24 | $4.1M | $34.1M | ||
| Q1 24 | $4.8M | $45.0M |
| Q4 25 | $381.8M | — | ||
| Q3 25 | $184.7M | — | ||
| Q2 25 | $190.0M | — | ||
| Q1 25 | $173.8M | — | ||
| Q4 24 | $187.6M | $173.7M | ||
| Q3 24 | $197.1M | $194.3M | ||
| Q2 24 | $175.5M | $221.1M | ||
| Q1 24 | $177.2M | $219.8M |
| Q4 25 | — | — | ||
| Q3 25 | 1716.32× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 24.03× | — | ||
| Q3 24 | 18.02× | 36.12× | ||
| Q2 24 | 27.17× | 2.02× | ||
| Q1 24 | 23.67× | 1.42× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-18.5M | $-10.4M |
| Free Cash FlowOCF − Capex | $-19.3M | $-10.8M |
| FCF MarginFCF / Revenue | -27.1% | -26.8% |
| Capex IntensityCapex / Revenue | 1.1% | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-22.3M | $-21.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-18.5M | — | ||
| Q3 25 | $-5.4M | — | ||
| Q2 25 | $-1.1M | — | ||
| Q1 25 | $4.1M | — | ||
| Q4 24 | $16.3M | $-10.4M | ||
| Q3 24 | $2.9M | $8.9M | ||
| Q2 24 | $113.0K | $2.4M | ||
| Q1 24 | $-6.0M | $-15.9M |
| Q4 25 | $-19.3M | — | ||
| Q3 25 | $-5.6M | — | ||
| Q2 25 | $-1.3M | — | ||
| Q1 25 | $4.0M | — | ||
| Q4 24 | $16.0M | $-10.8M | ||
| Q3 24 | $2.7M | $6.8M | ||
| Q2 24 | $-226.0K | $87.0K | ||
| Q1 24 | $-6.4M | $-17.4M |
| Q4 25 | -27.1% | — | ||
| Q3 25 | -8.8% | — | ||
| Q2 25 | -1.9% | — | ||
| Q1 25 | 6.0% | — | ||
| Q4 24 | 20.5% | -26.8% | ||
| Q3 24 | 3.3% | 15.2% | ||
| Q2 24 | -0.3% | 0.2% | ||
| Q1 24 | -8.8% | -37.0% |
| Q4 25 | 1.1% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.5% | 1.1% | ||
| Q3 24 | 0.3% | 4.8% | ||
| Q2 24 | 0.5% | 5.1% | ||
| Q1 24 | 0.5% | 3.3% |
| Q4 25 | — | — | ||
| Q3 25 | -1.24× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.16× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AIRT
| Overnight Air Cargo Segment | $30.6M | 43% |
| Commercial Aircraft Engines And Parts Segment | $13.5M | 19% |
| Ground Support Equipment Segment | $12.6M | 18% |
| Products | $11.7M | 17% |
| Digital Solutions Segment | $1.9M | 3% |
| Corporate And Other Income | $1.3M | 2% |
CMBM
| Enterprise | $16.6M | 41% |
| Point To Multi Point | $16.4M | 41% |
| Other | $5.8M | 14% |
