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Side-by-side financial comparison of AIR T INC (AIRT) and PROCEPT BioRobotics Corp (PRCT). Click either name above to swap in a different company.

PROCEPT BioRobotics Corp is the larger business by last-quarter revenue ($83.1M vs $71.1M, roughly 1.2× AIR T INC). AIR T INC runs the higher net margin — -3.4% vs -38.1%, a 34.6% gap on every dollar of revenue. On growth, PROCEPT BioRobotics Corp posted the faster year-over-year revenue change (20.2% vs -8.7%). Over the past eight quarters, PROCEPT BioRobotics Corp's revenue compounded faster (24.8% 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.

PROCEPT BioRobotics Corp is a medical tech firm developing and commercializing robotic surgical solutions for urological care. Its flagship AquaBeam system provides image-guided minimally invasive therapy for benign prostatic hyperplasia, serving providers and patients across North America, Europe and global markets.

AIRT vs PRCT — Head-to-Head

Bigger by revenue
PRCT
PRCT
1.2× larger
PRCT
$83.1M
$71.1M
AIRT
Growing faster (revenue YoY)
PRCT
PRCT
+28.9% gap
PRCT
20.2%
-8.7%
AIRT
Higher net margin
AIRT
AIRT
34.6% more per $
AIRT
-3.4%
-38.1%
PRCT
Faster 2-yr revenue CAGR
PRCT
PRCT
Annualised
PRCT
24.8%
-1.1%
AIRT

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
AIRT
AIRT
PRCT
PRCT
Revenue
$71.1M
$83.1M
Net Profit
$-2.5M
$-31.6M
Gross Margin
64.9%
Operating Margin
-5.3%
-4.1%
Net Margin
-3.4%
-38.1%
Revenue YoY
-8.7%
20.2%
Net Profit YoY
-89.0%
-27.9%
EPS (diluted)
$-0.91
$-0.56

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
PRCT
PRCT
Q1 26
$83.1M
Q4 25
$71.1M
$76.4M
Q3 25
$64.2M
$83.3M
Q2 25
$70.9M
$79.2M
Q1 25
$66.3M
$69.2M
Q4 24
$77.9M
$68.2M
Q3 24
$81.2M
$58.4M
Q2 24
$66.4M
$53.4M
Net Profit
AIRT
AIRT
PRCT
PRCT
Q1 26
$-31.6M
Q4 25
$-2.5M
$-29.8M
Q3 25
$4.4M
$-21.4M
Q2 25
$-1.6M
$-19.6M
Q1 25
$-7.0M
$-24.7M
Q4 24
$-1.3M
$-18.9M
Q3 24
$2.5M
$-21.0M
Q2 24
$-335.0K
$-25.6M
Gross Margin
AIRT
AIRT
PRCT
PRCT
Q1 26
64.9%
Q4 25
60.6%
Q3 25
64.8%
Q2 25
65.4%
Q1 25
63.9%
Q4 24
64.0%
Q3 24
63.2%
Q2 24
59.0%
Operating Margin
AIRT
AIRT
PRCT
PRCT
Q1 26
-4.1%
Q4 25
-5.3%
-40.6%
Q3 25
8.6%
-27.8%
Q2 25
0.6%
-28.0%
Q1 25
-3.9%
-39.7%
Q4 24
1.8%
-28.9%
Q3 24
4.5%
-38.4%
Q2 24
-0.9%
-50.3%
Net Margin
AIRT
AIRT
PRCT
PRCT
Q1 26
-38.1%
Q4 25
-3.4%
-39.1%
Q3 25
6.8%
-25.7%
Q2 25
-2.3%
-24.7%
Q1 25
-10.6%
-35.8%
Q4 24
-1.7%
-27.6%
Q3 24
3.1%
-35.9%
Q2 24
-0.5%
-48.0%
EPS (diluted)
AIRT
AIRT
PRCT
PRCT
Q1 26
$-0.56
Q4 25
$-0.91
$-0.54
Q3 25
$1.61
$-0.38
Q2 25
$-0.61
$-0.35
Q1 25
$-2.55
$-0.45
Q4 24
$-0.47
$-0.34
Q3 24
$0.91
$-0.40
Q2 24
$-0.12
$-0.50

Balance Sheet & Financial Strength

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

Metric
AIRT
AIRT
PRCT
PRCT
Cash + ST InvestmentsLiquidity on hand
$38.0M
$245.6M
Total DebtLower is stronger
$194.2M
$51.7M
Stockholders' EquityBook value
$-1.2M
$347.7M
Total Assets
$381.8M
$487.1M
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIRT
AIRT
PRCT
PRCT
Q1 26
$245.6M
Q4 25
$38.0M
$286.5M
Q3 25
$18.6M
$294.3M
Q2 25
$14.9M
$302.7M
Q1 25
$6.4M
$316.2M
Q4 24
$18.5M
$333.7M
Q3 24
$8.6M
$196.8M
Q2 24
$7.8M
$214.1M
Total Debt
AIRT
AIRT
PRCT
PRCT
Q1 26
$51.7M
Q4 25
$194.2M
$51.6M
Q3 25
$118.4M
$51.6M
Q2 25
$123.8M
$51.5M
Q1 25
$110.3M
$51.5M
Q4 24
$122.9M
$51.5M
Q3 24
$126.8M
$51.4M
Q2 24
$112.0M
$51.4M
Stockholders' Equity
AIRT
AIRT
PRCT
PRCT
Q1 26
$347.7M
Q4 25
$-1.2M
$365.9M
Q3 25
$69.0K
$380.3M
Q2 25
$-4.6M
$385.8M
Q1 25
$-3.2M
$389.2M
Q4 24
$5.1M
$402.2M
Q3 24
$7.0M
$241.2M
Q2 24
$4.1M
$251.8M
Total Assets
AIRT
AIRT
PRCT
PRCT
Q1 26
$487.1M
Q4 25
$381.8M
$508.1M
Q3 25
$184.7M
$511.5M
Q2 25
$190.0M
$513.1M
Q1 25
$173.8M
$519.4M
Q4 24
$187.6M
$534.0M
Q3 24
$197.1M
$374.1M
Q2 24
$175.5M
$374.4M
Debt / Equity
AIRT
AIRT
PRCT
PRCT
Q1 26
0.15×
Q4 25
0.14×
Q3 25
1716.32×
0.14×
Q2 25
0.13×
Q1 25
0.13×
Q4 24
24.03×
0.13×
Q3 24
18.02×
0.21×
Q2 24
27.17×
0.20×

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
PRCT
PRCT
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
PRCT
PRCT
Q1 26
Q4 25
$-18.5M
$-10.3M
Q3 25
$-5.4M
$-6.6M
Q2 25
$-1.1M
$-15.0M
Q1 25
$4.1M
$-17.0M
Q4 24
$16.3M
$-32.4M
Q3 24
$2.9M
$-18.8M
Q2 24
$113.0K
$-15.7M
Free Cash Flow
AIRT
AIRT
PRCT
PRCT
Q1 26
Q4 25
$-19.3M
$-12.2M
Q3 25
$-5.6M
$-9.5M
Q2 25
$-1.3M
$-17.8M
Q1 25
$4.0M
$-18.8M
Q4 24
$16.0M
$-33.6M
Q3 24
$2.7M
$-19.0M
Q2 24
$-226.0K
$-16.8M
FCF Margin
AIRT
AIRT
PRCT
PRCT
Q1 26
Q4 25
-27.1%
-15.9%
Q3 25
-8.8%
-11.4%
Q2 25
-1.9%
-22.5%
Q1 25
6.0%
-27.2%
Q4 24
20.5%
-49.2%
Q3 24
3.3%
-32.6%
Q2 24
-0.3%
-31.4%
Capex Intensity
AIRT
AIRT
PRCT
PRCT
Q1 26
Q4 25
1.1%
2.4%
Q3 25
0.3%
3.4%
Q2 25
0.3%
3.5%
Q1 25
0.2%
2.7%
Q4 24
0.5%
1.7%
Q3 24
0.3%
0.4%
Q2 24
0.5%
2.0%
Cash Conversion
AIRT
AIRT
PRCT
PRCT
Q1 26
Q4 25
Q3 25
-1.24×
Q2 25
Q1 25
Q4 24
Q3 24
1.16×
Q2 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%

PRCT
PRCT

Handpieces and other consumables$43.0M52%
System sales and rentals$23.4M28%
Other$11.1M13%
Service$5.6M7%

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