IA
Innovative Aerosystems, Inc.
IA's fundamentals are strong and it looks cheap: trading at 20x earnings, below its usual 24x. Analysts expect strong earnings growth.
IA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Healthy |
IA's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
IA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 18x | $19.25 | -10% |
| Current | 20x | $21.51 | — |
| Forward | 20x | $21.51 | — |
| Fair | 24x | $25.49 | +19% |
| Expensive | 34x | $36.47 | +70% |
Historical ranges are pointers, not guarantees.
IA's PE is in its cheap range at 20.3x. If earnings grow as analysts expect, today's price would be 19.7x next year's earnings.
IA Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for IA, with profitability improving.
IA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.09 | +3.1% |
| Q2 2026 | $1.06 | +61% |
| Q1 2026 | $0.95 | +56% |
| Q4 2025 | $1.06 | +179% |
| Q3 2025 | $0.88 | +120% |
| Q2 2025 | $0.66 | +74% |
| Q1 2025 | $0.61 | +65% |
| Q4 2024 | $0.38 | +2.7% |
| Q3 2024 | $0.40 | +14% |
IA's earnings per share have climbed steadily: $1.06 over the past year, up 61% from the year before, and higher year over year for 12 quarters in a row.
IA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $26.7M | +11% |
| Q1 2026 | $22.4M | +2% |
| Q4 2025 | $21.8M | +37% |
| Q3 2025 | $22.2M | +45% |
| Q2 2025 | $24.1M | +105% |
| Q1 2025 | $21.9M | +104% |
| Q4 2024 | $16M | +72% |
| Q3 2024 | $15.4M | +18% |
IA's revenue has grown year over year for 14 quarters in a row: $27M last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 23% | +8 points |
| Q1 2026 | 22% | -9.7 points |
| Q4 2025 | 29% | +20 points |
| Q3 2025 | 37% | +8.6 points |
| Q2 2025 | 15% | -2.7 points |
| Q1 2025 | 32% | +17 points |
| Q4 2024 | 8.4% | -8.9 points |
| Q3 2024 | 28% | +0.3 points |
IA's operating margin was 23% last quarter, up 8 points from the same quarter a year ago.
IA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $4.6M | +31% |
| Q1 2026 | $666.8K | +$934.6K |
| Q4 2025 | $7M | +346% |
| Q3 2025 | $2M | +554% |
| Q2 2025 | $3.5M | +382% |
| Q1 2025 | -$267.7K | -455% |
| Q4 2024 | $1.6M | -61% |
| Q3 2024 | $299.5K | -71% |
IA generated $14M in free cash flow over the past year, up 179% from the year before.
IA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -32K shares |
| 1 year | +2.4% | +435K shares |
| 3 years | +3.9% | +693K shares |
| 5 years | +6% | +1M shares |
| Available history | +7.8% | +1.3M shares |
IA has 18M diluted shares, up 2.4% from a year ago.
IA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 1.5x | Healthy |
| Q1 2026 | 1.8x | Healthy |
| Q4 2025 | 0.5x | Very low |
| Q3 2025 | 0.9x | Very low |
| Q2 2025 | 1.2x | Healthy |
| Q1 2025 | 1.5x | Healthy |
| Q4 2024 | 2.1x | Moderate |
| Q3 2024 | 2.3x | Moderate |
IA's net debt is about 1.5 years of its operating earnings (EBITDA), up from 1.1 years a year ago.
IA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.9 | Neutral |
| Stochastic | 40.3 | Neutral |
IA's weekly RSI is 57 (neutral) and its Stochastic is 40 (neutral).
IA PE vs Industrials Sector
| Metric | IA | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 24x | 16% below |
| PE % | 30 | 58 | 28 pts below |
IA is trading at 20x earnings, a 16% discount to the Industrials sector's median of 24x.
IA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $19.8 | 8.9% above |
| 20 week MA | $19.6 | 9.6% above |
| 50 week MA | $19.9 | 8% above |
| 100 week MA | $15.1 | 42% above |
| 200 week MA | $11.2 | 92% above |
IA is in an uptrend: it's above all five of its weekly moving averages, and 92% above its 200-week average.
IA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.86 | $6.58 | +12% |
| 2021 | $6.58 | $6.45 | -2% |
| 2022 | $6.45 | $8.41 | +30% |
| 2023 | $8.41 | $8.53 | +1.4% |
| 2024 | $8.53 | $8.75 | +2.6% |
| 2025 | $8.75 | $19.4 | +122% |
| 2026 YTD | $19.4 | $21.5 | +11% |
IA has finished higher in five of the last six years. It's up 11% so far in 2026.