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Side-by-side financial comparison of AIR T INC (AIRT) and CTO Realty Growth, Inc. (CTO). Click either name above to swap in a different company.

AIR T INC is the larger business by last-quarter revenue ($71.1M vs $41.2M, roughly 1.7× CTO Realty Growth, Inc.). CTO Realty Growth, Inc. runs the higher net margin — 15.1% vs -3.4%, a 18.5% gap on every dollar of revenue. On growth, CTO Realty Growth, Inc. posted the faster year-over-year revenue change (15.0% vs -8.7%). Over the past eight quarters, CTO Realty Growth, Inc.'s revenue compounded faster (19.5% CAGR vs -1.1%).

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.

Keller Williams Realty is an American technology and international real estate franchise with headquarters in Austin, Texas. It is the largest real estate franchise in the United States by sales volume as of 2022.

AIRT vs CTO — Head-to-Head

Bigger by revenue
AIRT
AIRT
1.7× larger
AIRT
$71.1M
$41.2M
CTO
Growing faster (revenue YoY)
CTO
CTO
+23.6% gap
CTO
15.0%
-8.7%
AIRT
Higher net margin
CTO
CTO
18.5% more per $
CTO
15.1%
-3.4%
AIRT
Faster 2-yr revenue CAGR
CTO
CTO
Annualised
CTO
19.5%
-1.1%
AIRT

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
AIRT
AIRT
CTO
CTO
Revenue
$71.1M
$41.2M
Net Profit
$-2.5M
$6.2M
Gross Margin
Operating Margin
-5.3%
175.0%
Net Margin
-3.4%
15.1%
Revenue YoY
-8.7%
15.0%
Net Profit YoY
-89.0%
174.4%
EPS (diluted)
$-0.91
$0.13

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.

Revenue
AIRT
AIRT
CTO
CTO
Q1 26
$41.2M
Q4 25
$71.1M
$38.3M
Q3 25
$64.2M
$37.8M
Q2 25
$70.9M
$37.6M
Q1 25
$66.3M
$35.8M
Q4 24
$77.9M
$35.7M
Q3 24
$81.2M
$31.8M
Q2 24
$66.4M
$28.8M
Net Profit
AIRT
AIRT
CTO
CTO
Q1 26
$6.2M
Q4 25
$-2.5M
$28.3M
Q3 25
$4.4M
$2.9M
Q2 25
$-1.6M
$-23.4M
Q1 25
$-7.0M
$2.3M
Q4 24
$-1.3M
$-15.2M
Q3 24
$2.5M
$6.2M
Q2 24
$-335.0K
$1.2M
Gross Margin
AIRT
AIRT
CTO
CTO
Q1 26
Q4 25
75.0%
Q3 25
75.4%
Q2 25
73.0%
Q1 25
75.2%
Q4 24
74.4%
Q3 24
74.4%
Q2 24
71.1%
Operating Margin
AIRT
AIRT
CTO
CTO
Q1 26
175.0%
Q4 25
-5.3%
75.1%
Q3 25
8.6%
26.6%
Q2 25
0.6%
-33.7%
Q1 25
-3.9%
22.0%
Q4 24
1.8%
-20.4%
Q3 24
4.5%
15.6%
Q2 24
-0.9%
18.8%
Net Margin
AIRT
AIRT
CTO
CTO
Q1 26
15.1%
Q4 25
-3.4%
73.9%
Q3 25
6.8%
7.7%
Q2 25
-2.3%
-62.2%
Q1 25
-10.6%
6.3%
Q4 24
-1.7%
-42.6%
Q3 24
3.1%
19.6%
Q2 24
-0.5%
4.1%
EPS (diluted)
AIRT
AIRT
CTO
CTO
Q1 26
$0.13
Q4 25
$-0.91
$0.81
Q3 25
$1.61
$0.03
Q2 25
$-0.61
$-0.77
Q1 25
$-2.55
$0.01
Q4 24
$-0.47
$-0.69
Q3 24
$0.91
$0.17
Q2 24
$-0.12
$-0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AIRT
AIRT
CTO
CTO
Cash + ST InvestmentsLiquidity on hand
$38.0M
$8.3M
Total DebtLower is stronger
$194.2M
Stockholders' EquityBook value
$-1.2M
$575.4M
Total Assets
$381.8M
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIRT
AIRT
CTO
CTO
Q1 26
$8.3M
Q4 25
$38.0M
$6.5M
Q3 25
$18.6M
$9.3M
Q2 25
$14.9M
$8.6M
Q1 25
$6.4M
$8.4M
Q4 24
$18.5M
$9.0M
Q3 24
$8.6M
$8.2M
Q2 24
$7.8M
$4.8M
Total Debt
AIRT
AIRT
CTO
CTO
Q1 26
Q4 25
$194.2M
$616.3M
Q3 25
$118.4M
$604.2M
Q2 25
$123.8M
$605.4M
Q1 25
$110.3M
$602.2M
Q4 24
$122.9M
$519.0M
Q3 24
$126.8M
$526.8M
Q2 24
$112.0M
$482.7M
Stockholders' Equity
AIRT
AIRT
CTO
CTO
Q1 26
$575.4M
Q4 25
$-1.2M
$567.3M
Q3 25
$69.0K
$557.3M
Q2 25
$-4.6M
$574.1M
Q1 25
$-3.2M
$593.9M
Q4 24
$5.1M
$612.8M
Q3 24
$7.0M
$595.8M
Q2 24
$4.1M
$491.8M
Total Assets
AIRT
AIRT
CTO
CTO
Q1 26
$1.3B
Q4 25
$381.8M
$1.3B
Q3 25
$184.7M
$1.2B
Q2 25
$190.0M
$1.2B
Q1 25
$173.8M
$1.2B
Q4 24
$187.6M
$1.2B
Q3 24
$197.1M
$1.2B
Q2 24
$175.5M
$1.0B
Debt / Equity
AIRT
AIRT
CTO
CTO
Q1 26
Q4 25
1.09×
Q3 25
1716.32×
1.08×
Q2 25
1.05×
Q1 25
1.01×
Q4 24
24.03×
0.85×
Q3 24
18.02×
0.88×
Q2 24
27.17×
0.98×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AIRT
AIRT
CTO
CTO
Operating Cash FlowLast quarter
$-18.5M
Free Cash FlowOCF − Capex
$-19.3M
FCF MarginFCF / Revenue
-27.1%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-22.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIRT
AIRT
CTO
CTO
Q1 26
Q4 25
$-18.5M
$64.6M
Q3 25
$-5.4M
$25.5M
Q2 25
$-1.1M
$21.9M
Q1 25
$4.1M
$10.3M
Q4 24
$16.3M
$59.9M
Q3 24
$2.9M
$21.2M
Q2 24
$113.0K
$12.9M
Free Cash Flow
AIRT
AIRT
CTO
CTO
Q1 26
Q4 25
$-19.3M
Q3 25
$-5.6M
Q2 25
$-1.3M
Q1 25
$4.0M
Q4 24
$16.0M
Q3 24
$2.7M
Q2 24
$-226.0K
FCF Margin
AIRT
AIRT
CTO
CTO
Q1 26
Q4 25
-27.1%
Q3 25
-8.8%
Q2 25
-1.9%
Q1 25
6.0%
Q4 24
20.5%
Q3 24
3.3%
Q2 24
-0.3%
Capex Intensity
AIRT
AIRT
CTO
CTO
Q1 26
Q4 25
1.1%
Q3 25
0.3%
Q2 25
0.3%
Q1 25
0.2%
Q4 24
0.5%
Q3 24
0.3%
Q2 24
0.5%
Cash Conversion
AIRT
AIRT
CTO
CTO
Q1 26
Q4 25
2.28×
Q3 25
-1.24×
8.75×
Q2 25
Q1 25
4.56×
Q4 24
Q3 24
1.16×
3.40×
Q2 24
10.89×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AIRT
AIRT

Overnight Air Cargo Segment$30.6M43%
Commercial Aircraft Engines And Parts Segment$13.5M19%
Ground Support Equipment Segment$12.6M18%
Products$11.7M17%
Digital Solutions Segment$1.9M3%
Corporate And Other Income$1.3M2%

CTO
CTO

Segment breakdown not available.

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