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Side-by-side financial comparison of AIR T INC (AIRT) and HIVE Digital Technologies Ltd. (HIVE). Click either name above to swap in a different company.

HIVE Digital Technologies Ltd. is the larger business by last-quarter revenue ($93.1M vs $71.1M, roughly 1.3× AIR T INC). AIR T INC runs the higher net margin — -3.4% vs -98.1%, a 94.6% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs -8.7%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% 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.

Mastech Digital, Inc. is a digital transformation and information technology (IT) services company headquartered in Pittsburgh, Pennsylvania, providing services to corporations across North America, Middle East, Asian, and Japan.

AIRT vs HIVE — Head-to-Head

Bigger by revenue
HIVE
HIVE
1.3× larger
HIVE
$93.1M
$71.1M
AIRT
Growing faster (revenue YoY)
HIVE
HIVE
+227.2% gap
HIVE
218.6%
-8.7%
AIRT
Higher net margin
AIRT
AIRT
94.6% more per $
AIRT
-3.4%
-98.1%
HIVE
Faster 2-yr revenue CAGR
HIVE
HIVE
Annualised
HIVE
102.2%
-1.1%
AIRT

Income Statement — Q3 FY2026 vs Q3 FY2026

Metric
AIRT
AIRT
HIVE
HIVE
Revenue
$71.1M
$93.1M
Net Profit
$-2.5M
$-91.3M
Gross Margin
-27.1%
Operating Margin
-5.3%
Net Margin
-3.4%
-98.1%
Revenue YoY
-8.7%
218.6%
Net Profit YoY
-89.0%
-234.0%
EPS (diluted)
$-0.91
$-0.38

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
HIVE
HIVE
Q4 25
$71.1M
$93.1M
Q3 25
$64.2M
$87.3M
Q2 25
$70.9M
$45.6M
Q1 25
$66.3M
Q4 24
$77.9M
$29.2M
Q3 24
$81.2M
$22.6M
Q2 24
$66.4M
$32.2M
Q1 24
$72.7M
Net Profit
AIRT
AIRT
HIVE
HIVE
Q4 25
$-2.5M
$-91.3M
Q3 25
$4.4M
$-15.8M
Q2 25
$-1.6M
$35.0M
Q1 25
$-7.0M
Q4 24
$-1.3M
$68.2M
Q3 24
$2.5M
$80.0K
Q2 24
$-335.0K
$-18.3M
Q1 24
$-1.7M
Gross Margin
AIRT
AIRT
HIVE
HIVE
Q4 25
-27.1%
Q3 25
4.7%
Q2 25
-13.6%
Q1 25
Q4 24
-43.7%
Q3 24
-66.1%
Q2 24
-7.4%
Q1 24
Operating Margin
AIRT
AIRT
HIVE
HIVE
Q4 25
-5.3%
Q3 25
8.6%
Q2 25
0.6%
Q1 25
-3.9%
Q4 24
1.8%
Q3 24
4.5%
Q2 24
-0.9%
Q1 24
2.0%
Net Margin
AIRT
AIRT
HIVE
HIVE
Q4 25
-3.4%
-98.1%
Q3 25
6.8%
-18.1%
Q2 25
-2.3%
76.8%
Q1 25
-10.6%
Q4 24
-1.7%
233.2%
Q3 24
3.1%
0.4%
Q2 24
-0.5%
-56.7%
Q1 24
-2.3%
EPS (diluted)
AIRT
AIRT
HIVE
HIVE
Q4 25
$-0.91
$-0.38
Q3 25
$1.61
$-0.07
Q2 25
$-0.61
$0.18
Q1 25
$-2.55
Q4 24
$-0.47
$0.52
Q3 24
$0.91
$0.00
Q2 24
$-0.12
$-0.17
Q1 24
$-0.60

Balance Sheet & Financial Strength

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

Metric
AIRT
AIRT
HIVE
HIVE
Cash + ST InvestmentsLiquidity on hand
$38.0M
Total DebtLower is stronger
$194.2M
Stockholders' EquityBook value
$-1.2M
$559.3M
Total Assets
$381.8M
$624.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIRT
AIRT
HIVE
HIVE
Q4 25
$38.0M
Q3 25
$18.6M
Q2 25
$14.9M
Q1 25
$6.4M
Q4 24
$18.5M
$40.5M
Q3 24
$8.6M
$31.7M
Q2 24
$7.8M
Q1 24
$7.6M
Total Debt
AIRT
AIRT
HIVE
HIVE
Q4 25
$194.2M
Q3 25
$118.4M
Q2 25
$123.8M
Q1 25
$110.3M
Q4 24
$122.9M
Q3 24
$126.8M
Q2 24
$112.0M
Q1 24
$112.9M
Stockholders' Equity
AIRT
AIRT
HIVE
HIVE
Q4 25
$-1.2M
$559.3M
Q3 25
$69.0K
$624.6M
Q2 25
$-4.6M
$560.5M
Q1 25
$-3.2M
Q4 24
$5.1M
$430.9M
Q3 24
$7.0M
$275.5M
Q2 24
$4.1M
$268.6M
Q1 24
$4.8M
Total Assets
AIRT
AIRT
HIVE
HIVE
Q4 25
$381.8M
$624.0M
Q3 25
$184.7M
$693.0M
Q2 25
$190.0M
$628.7M
Q1 25
$173.8M
Q4 24
$187.6M
$478.6M
Q3 24
$197.1M
$334.7M
Q2 24
$175.5M
Q1 24
$177.2M
Debt / Equity
AIRT
AIRT
HIVE
HIVE
Q4 25
Q3 25
1716.32×
Q2 25
Q1 25
Q4 24
24.03×
Q3 24
18.02×
Q2 24
27.17×
Q1 24
23.67×

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
HIVE
HIVE
Operating Cash FlowLast quarter
$-18.5M
$46.0M
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
HIVE
HIVE
Q4 25
$-18.5M
$46.0M
Q3 25
$-5.4M
$-10.6M
Q2 25
$-1.1M
$10.2M
Q1 25
$4.1M
Q4 24
$16.3M
$-28.5M
Q3 24
$2.9M
$-2.2M
Q2 24
$113.0K
$-4.4M
Q1 24
$-6.0M
Free Cash Flow
AIRT
AIRT
HIVE
HIVE
Q4 25
$-19.3M
Q3 25
$-5.6M
Q2 25
$-1.3M
Q1 25
$4.0M
Q4 24
$16.0M
$-55.5M
Q3 24
$2.7M
$-34.7M
Q2 24
$-226.0K
Q1 24
$-6.4M
FCF Margin
AIRT
AIRT
HIVE
HIVE
Q4 25
-27.1%
Q3 25
-8.8%
Q2 25
-1.9%
Q1 25
6.0%
Q4 24
20.5%
-189.9%
Q3 24
3.3%
-153.4%
Q2 24
-0.3%
Q1 24
-8.8%
Capex Intensity
AIRT
AIRT
HIVE
HIVE
Q4 25
1.1%
Q3 25
0.3%
Q2 25
0.3%
Q1 25
0.2%
Q4 24
0.5%
92.5%
Q3 24
0.3%
143.9%
Q2 24
0.5%
Q1 24
0.5%
Cash Conversion
AIRT
AIRT
HIVE
HIVE
Q4 25
Q3 25
-1.24×
Q2 25
0.29×
Q1 25
Q4 24
-0.42×
Q3 24
1.16×
-26.94×
Q2 24
Q1 24

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%

HIVE
HIVE

Segment breakdown not available.

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