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AerSale (ASLE) Financials

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$4.77 -0.19 (-3.83%)
Closing price 10/13/2026 04:00 PM Eastern
Extended Trading
$4.78 +0.01 (+0.10%)
As of 10/13/2026 07:15 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for AerSale

Annual Income Statements for AerSale

This table shows AerSale's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -25 -19 8.09 36 44 -5.56 5.85 8.58
Consolidated Net Income / (Loss)		 48 15 8.09 36 44 -5.56 5.85 8.58
Net Income / (Loss) Continuing Operations		 27 15 8.09 36 44 -5.56 5.85 8.58
Total Pre-Tax Income 		23 20 9.74 48 58 -7.68 7.84 11
Total Operating Income		 26 22 11 57 55 -11 9.74 16
Total Gross Profit		 72 85 53 119 151 92 104 106
Total Revenue		 364 304 209 340 409 335 345 335
Operating Revenue		 364 304 209 340 409 335 345 335
Total Cost of Revenue		 187 219 156 221 257 242 241 230
Operating Cost of Revenue		 187 219 156 221 257 242 241 230
Total Operating Expenses		 47 63 42 63 96 103 94 90
Selling, General & Admin Expense		 47 60 56 77 96 103 94 90
Total Other Income / (Expense), net		 -2.01 -2.40 -1.54 -8.89 2.84 3.09 -1.91 -5.26
Interest & Investment Income		 -2.37 -3.01 -1.65 -6.40 1.09 0.16 -5.70 -8.33
Other Income / (Expense), net		 0.37 0.61 0.11 -2.49 1.74 2.94 3.80 3.07
Income Tax Expense		 -3.23 4.16 1.65 12 14 -2.12 1.99 1.95
Basic Earnings per Share		 ($668.04) ($516.98) $7.85 $0.84 $0.85 ($0.15) $0.11 $0.18
Weighted Average Basic Shares Outstanding		 - 4.95M 41.05M 43.19M 51.57M 51.29M 53.11M 48.38M
Diluted Earnings per Share		 ($668.04) ($516.98) $7.39 $0.76 $0.83 ($0.15) $0.11 $0.18
Weighted Average Diluted Shares Outstanding		 - 4.95M 41.05M 47.31M 53.15M 51.46M 53.36M 48.75M
Weighted Average Basic & Diluted Shares Outstanding		 - 4.95M 41.05M 51.69M 51.21M 51.99M 53.28M 47.24M

Quarterly Income Statements for AerSale

This table shows AerSale's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -2.73 6.28 -3.64 0.51 2.70 -5.28 8.58 -0.12 5.40 -3.45 -5.57
Consolidated Net Income / (Loss)		 -2.73 6.28 -3.64 0.51 2.70 -5.28 8.58 -0.12 5.40 -3.45 -5.57
Net Income / (Loss) Continuing Operations		 -2.73 6.28 -3.64 0.51 2.70 -5.28 8.58 -0.12 5.40 -3.45 -5.57
Total Pre-Tax Income 		-0.64 5.88 -3.14 0.59 4.51 -6.00 10 0.61 5.58 -4.46 -7.20
Total Operating Income		 -1.05 4.66 -1.85 2.00 4.94 -6.65 13 2.87 7.05 -3.33 -4.75
Total Gross Profit		 24 29 22 24 30 18 35 21 31 19 16
Total Revenue		 94 91 77 83 95 66 107 71 91 71 71
Operating Revenue		 94 91 77 83 95 66 107 71 91 71 71
Total Cost of Revenue		 70 62 55 59 65 48 72 50 60 52 55
Operating Cost of Revenue		 70 62 55 59 65 48 72 50 60 52 55
Total Operating Expenses		 25 24 24 22 25 25 23 19 24 22 21
Selling, General & Admin Expense		 25 24 24 22 25 25 23 19 24 22 21
Total Other Income / (Expense), net		 0.41 1.21 -1.29 -1.41 -0.42 0.65 -2.19 -2.26 -1.47 -1.12 -2.45
Interest & Investment Income		 -1.02 -0.94 -1.53 -1.77 -1.47 -1.18 -2.45 -2.37 -2.33 -2.13 -2.45
Other Income / (Expense), net		 1.43 2.15 0.24 0.36 1.05 1.83 0.27 0.11 0.86 1.01 0.00
Income Tax Expense		 2.09 -0.40 0.50 0.08 1.81 -0.72 1.75 0.73 0.19 -1.01 -1.63
Basic Earnings per Share		 ($0.06) $0.12 ($0.07) $0.01 $0.05 ($0.10) $0.18 $0.00 $0.10 ($0.07) ($0.12)
Weighted Average Basic Shares Outstanding		 51.29M 52.99M 53.03M 53.21M 53.11M 52.34M 46.91M 47.18M 48.38M 47.24M 47.35M
Diluted Earnings per Share		 ($0.07) $0.12 ($0.07) $0.01 $0.05 ($0.10) $0.18 $0.00 $0.10 ($0.07) ($0.12)
Weighted Average Diluted Shares Outstanding		 51.46M 53.25M 53.03M 53.39M 53.36M 52.34M 47.09M 47.18M 48.75M 47.24M 47.35M
Weighted Average Basic & Diluted Shares Outstanding		 51.99M 53.01M 53.21M 53.21M 53.28M 46.86M 47.18M 47.19M 47.24M 47.25M 47.73M

Annual Cash Flow Statements for AerSale

This table details how cash moves in and out of AerSale's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 14 -4.10 12 101 17 -141 -1.18 -0.32
Net Cash From Operating Activities		 59 45 -12 79 -0.11 -174 11 -23
Net Cash From Continuing Operating Activities		 59 45 -12 79 -0.11 -174 11 -23
Net Income / (Loss) Continuing Operations		 27 15 8.09 36 44 -5.56 5.85 8.58
Consolidated Net Income / (Loss)		 27 15 8.09 36 44 -5.56 5.85 8.58
Depreciation Expense		 30 30 24 13 11 10 16 19
Amortization Expense		 1.02 0.80 0.74 0.49 1.33 0.76 0.70 0.95
Non-Cash Adjustments To Reconcile Net Income		 3.65 5.36 15 20 2.58 5.40 35 9.40
Changes in Operating Assets and Liabilities, net		 -1.97 -6.29 -61 9.32 -59 -185 -46 -61
Net Cash From Investing Activities		 44 -62 -21 13 41 3.09 -16 -3.86
Net Cash From Continuing Investing Activities		 44 -62 -21 13 41 3.09 -16 -3.86
Purchase of Property, Plant & Equipment		 -8.82 -38 -7.27 -3.89 -16 -11 -29 -10
Sale of Property, Plant & Equipment		 75 2.12 3.10 17 53 14 13 6.38
Net Cash From Financing Activities		 -84 -5.51 45 8.59 -24 30 3.77 27
Net Cash From Continuing Financing Activities		 -84 -5.51 45 8.59 -24 30 3.77 27
Repayment of Debt		 -108 -83 -100 0.00 0.00 -55 -192 -235
Issuance of Debt		 24 78 97 0.00 0.00 91 195 307
Issuance of Common Equity		 - - 0.00 0.00 0.54 0.57 0.53 0.39
Other Financing Activities, net		 0.00 0.00 49 8.59 -25 -7.02 -0.12 -45
Cash Interest Paid		 2.31 2.30 0.86 0.60 0.57 1.52 5.65 8.03
Cash Income Taxes Paid		 4.66 8.53 2.65 8.34 21 1.16 -0.01 -0.47

Quarterly Cash Flow Statements for AerSale

This table details how cash moves in and out of AerSale's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 2.72 -3.24 1.65 5.50 -5.09 -0.01 1.06 -0.48 -0.89 -2.29 0.12
Net Cash From Operating Activities		 -6.10 -21 -15 10 38 -45 20 -8.90 11 -27 -6.81
Net Cash From Continuing Operating Activities		 -8.73 -21 -15 10 38 -45 20 -8.90 11 -27 -6.81
Net Income / (Loss) Continuing Operations		 -2.73 6.28 -3.64 0.51 2.70 -5.28 8.58 -0.12 5.40 -3.45 -5.57
Consolidated Net Income / (Loss)		 -2.73 6.28 -3.64 0.51 2.70 -5.28 8.58 -0.12 5.40 -3.45 -5.57
Depreciation Expense		 2.87 2.78 3.66 4.51 5.10 4.94 4.53 4.77 5.10 6.14 5.64
Amortization Expense		 0.16 0.12 0.12 0.12 0.34 0.14 0.15 0.21 0.44 0.12 0.10
Non-Cash Adjustments To Reconcile Net Income		 4.43 -2.48 20 4.17 13 4.28 3.09 1.03 3.14 5.31 0.56
Changes in Operating Assets and Liabilities, net		 -13 -28 -35 1.14 16 -49 3.44 -15 -2.71 -35 -7.55
Net Cash From Investing Activities		 -3.59 0.23 -9.23 -2.46 -4.67 -3.54 -0.22 -1.66 1.56 -3.13 -1.32
Net Cash From Continuing Investing Activities		 -3.59 0.23 -9.23 -2.46 -4.67 -3.54 -0.22 -1.66 1.56 -3.13 -1.32
Purchase of Property, Plant & Equipment		 -3.59 -3.57 -9.23 -2.46 -14 -3.54 -1.97 -1.66 -3.07 -3.13 -1.32
Net Cash From Financing Activities		 12 18 26 -2.49 -38 49 -19 10 -14 27 8.25
Net Cash From Continuing Financing Activities		 12 18 26 -2.49 -38 49 -19 10 -14 27 8.25
Repayment of Debt		 -38 -43 -20 -28 -100 -55 -66 -51 -63 -56 -35
Issuance of Debt		 57 62 46 25 62 149 47 62 49 83 43
Cash Interest Paid		 0.95 0.93 1.51 1.74 1.48 1.06 2.40 2.30 2.27 2.03 2.47
Cash Income Taxes Paid		 -0.15 0.00 0.07 -0.09 0.01 -0.19 0.36 -0.89 0.26 0.00 -0.40

Annual Balance Sheets for AerSale

This table presents AerSale's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 0.42 344 389 487 532 554 605 640
Total Current Assets		 0.04 142 179 272 334 265 284 269
Cash & Equivalents		 0.04 18 29 130 147 5.87 4.70 4.38
Accounts Receivable		 - 58 51 29 28 31 35 43
Inventories, net		 - 61 91 96 145 214 232 211
Prepaid Expenses		 0.00 5.12 7.56 16 13 13 11 9.17
Current Deferred & Refundable Income Taxes		 0.00 - - - 0.00 1.63 1.99 1.73
Plant, Property, & Equipment, net		 0.00 7.46 7.84 81 13 28 36 32
Total Noncurrent Assets		 0.38 195 202 135 185 261 284 339
Goodwill		 - 14 20 20 20 20 20 20
Intangible Assets		 - 20 28 26 24 22 21 18
Noncurrent Deferred & Refundable Income Taxes		 - 4.75 5.71 10 11 12 10 8.78
Other Noncurrent Operating Assets		 0.38 149 143 78 130 206 233 291
Other Noncurrent Nonoperating Assets		 - 1.03 0.37 1.00 0.54 1.51 1.30 1.02
Total Liabilities & Shareholders' Equity		 0.42 344 389 487 532 554 605 640
Total Liabilities		 0.39 50 38 79 87 109 149 216
Total Current Liabilities		 0.39 41 32 68 53 46 75 72
Short-Term Debt		 0.15 3.35 - - 0.00 1.28 0.61 0.99
Accounts Payable		 0.00 17 16 20 21 30 34 30
Accrued Expenses		 0.24 9.63 8.58 8.42 8.84 5.48 7.40 7.23
Customer Deposits		 - 3.47 2.82 33 17 1.47 1.73 0.78
Current Deferred Revenue		 - 7.71 2.60 2.86 1.36 3.00 1.78 0.53
Current Deferred & Payable Income Tax Liabilities		 - 0.00 1.32 3.44 - - 0.00 0.33
Other Current Liabilities		 - - - 0.00 4.43 4.59 29 33
Total Noncurrent Liabilities		 0.00 8.81 6.00 11 34 63 74 144
Long-Term Debt		 - - - - 0.00 7.28 1.21 1.28
Other Noncurrent Operating Liabilities		 - 8.81 6.00 9.59 34 56 73 142
Total Equity & Noncontrolling Interests		 0.02 294 351 409 445 445 456 424
Total Preferred & Common Equity		 0.02 294 351 409 445 445 456 424
Total Common Equity		 0.02 294 351 409 445 445 456 424
Common Stock		 0.03 243 293 314 306 312 316 277
Retained Earnings		 -0.00 51 59 95 139 133 139 148

Quarterly Balance Sheets for AerSale

This table presents AerSale's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 537 550 554 572 599 601 646 647 646 668 687
Total Current Assets		 326 312 286 288 296 340 329 327 323 282 296
Cash & Equivalents		 88 35 3.15 2.64 4.29 9.79 4.69 5.75 5.27 2.09 2.20
Accounts Receivable		 36 32 30 30 37 34 40 45 44 47 46
Inventories, net		 175 234 237 241 235 276 272 262 262 220 234
Prepaid Expenses		 27 12 15 13 18 18 10 12 11 12 13
Current Deferred & Refundable Income Taxes		 - - 1.31 1.63 1.70 2.04 2.23 1.98 1.04 1.13 1.13
Plant, Property, & Equipment, net		 47 48 55 54 64 73 37 108 130 153 165
Total Noncurrent Assets		 133 189 213 230 239 189 279 212 194 233 226
Goodwill		 20 20 20 20 20 20 20 20 20 20 20
Intangible Assets		 24 23 23 21 21 21 20 19 19 18 17
Noncurrent Deferred & Refundable Income Taxes		 11 13 14 13 12 12 11 9.16 8.43 9.74 11
Other Noncurrent Operating Assets		 78 133 155 174 184 135 228 162 145 184 177
Other Noncurrent Nonoperating Assets		 0.43 0.32 1.59 1.42 1.34 1.26 1.32 1.22 1.12 0.93 0.83
Total Liabilities & Shareholders' Equity		 537 550 554 572 599 601 646 647 646 668 687
Total Liabilities		 90 102 103 120 149 150 240 231 229 245 268
Total Current Liabilities		 57 63 57 40 43 47 73 84 73 75 91
Short-Term Debt		 - - 0.63 1.03 0.09 0.19 0.83 0.83 0.99 0.99 0.99
Accounts Payable		 35 26 39 26 29 35 28 35 31 31 45
Accrued Expenses		 5.37 5.55 3.92 5.72 6.36 6.22 7.47 10 6.77 7.20 9.46
Customer Deposits		 9.10 24 6.44 0.81 0.64 0.91 2.74 3.66 0.49 2.12 2.03
Current Deferred Revenue		 2.70 3.07 2.39 2.01 2.29 0.85 0.92 1.63 0.91 0.72 0.82
Current Deferred & Payable Income Tax Liabilities		 - - - - - - - - - 0.32 0.20
Other Current Liabilities		 - 4.59 4.58 4.40 4.24 4.06 33 33 33 33 32
Total Noncurrent Liabilities		 5.22 39 46 79 106 103 167 146 156 170 178
Long-Term Debt		 - 8.56 7.93 3.53 0.52 0.38 1.06 0.91 1.53 1.04 0.79
Other Noncurrent Operating Liabilities		 5.22 30 38 76 105 102 166 145 154 169 177
Total Equity & Noncontrolling Interests		 448 448 451 452 450 452 406 416 417 423 419
Total Preferred & Common Equity		 448 448 451 452 450 452 406 416 417 423 419
Total Common Equity		 448 448 451 452 450 452 406 416 417 423 419
Common Stock		 309 312 315 312 314 315 273 273 275 279 280
Retained Earnings		 139 136 136 140 136 136 134 142 142 144 139

Annual Metrics And Ratios for AerSale

This table displays calculated financial ratios and metrics derived from AerSale's official financial filings.

Metric 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 22,280,000.00 22,280,000.00 44,984,718.00 - - - 47,185,011.00
DEI Adjusted Shares Outstanding		 0.00 22,280,000.00 22,280,000.00 44,984,718.00 - - - 47,185,011.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 -0.86 0.36 0.80 - - - 0.18
Growth Metrics		 - - - - - - - -
Revenue Growth		 0.00% -16.45% -31.32% 62.94% 20.01% -18.12% 3.16% -2.83%
EBITDA Growth		 0.00% -5.58% -32.12% 86.14% 2.12% -95.10% 795.09% 29.22%
EBIT Growth		 0.00% -12.38% -49.76% 375.68% 4.83% -113.79% 272.84% 39.27%
NOPAT Growth		 0.00% -40.06% -46.09% 357.02% -2.62% -118.07% 196.49% 76.80%
Net Income Growth		 0.00% -67.70% -47.78% 346.19% 21.45% -112.68% 205.18% 46.56%
EPS Growth		 0.00% 22.61% 101.43% -89.72% 9.21% -118.07% 173.33% 63.64%
Operating Cash Flow Growth		 0.00% -23.28% -126.91% 746.55% -100.14% -154,015.04% 106.42% -305.37%
Free Cash Flow Firm Growth		 0.00% 0.00% 87.14% 358.66% -74.51% -806.29% 101.30% 2,018.35%
Invested Capital Growth		 0.00% 208,805.94% 15.41% -13.70% 7.04% 50.11% 1.18% -6.68%
Revenue Q/Q Growth		 0.00% 0.00% -50.54% 8.29% -5.03% -0.21% 0.09% -1.12%
EBITDA Q/Q Growth		 0.00% 0.00% 6.05% 40.24% -9.68% -78.28% 36.00% 5.44%
EBIT Q/Q Growth		 0.00% 0.00% -66.78% 58.68% -11.71% -295.51% 70.59% 11.39%
NOPAT Q/Q Growth		 0.00% 0.00% -65.05% 52.48% -18.73% -1,151.55% 1,146.17% 51.25%
Net Income Q/Q Growth		 0.00% 0.00% -63.53% 43.40% -4.34% -187.44% 1,303.12% 45.83%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 100.37% 2.47% -215.38% 1,200.00% 38.46%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -118.34% 1,455.72% -100.22% -5.05% 134.46% -816.66%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 173.66% -68.36% -3.09% -86.11% 18.35%
Invested Capital Q/Q Growth		 0.00% 0.00% 82.29% -13.92% -2.18% -1.95% 2.36% 1.96%
Profitability Metrics		 - - - - - - - -
Gross Margin		 19.82% 27.96% 25.27% 35.07% 37.06% 27.63% 30.12% 31.55%
EBITDA Margin		 15.58% 17.60% 17.40% 19.88% 16.91% 1.01% 8.78% 11.67%
Operating Margin		 7.01% 7.25% 5.40% 16.64% 13.47% -3.22% 2.82% 4.71%
EBIT Margin		 7.11% 7.45% 5.45% 15.91% 13.90% -2.34% 3.92% 5.62%
Profit (Net Income) Margin		 13.18% 5.10% 3.87% 10.61% 10.74% -1.66% 1.70% 2.56%
Tax Burden Percent		 204.21% 78.82% 83.07% 75.60% 75.78% 72.44% 74.66% 81.46%
Interest Burden Percent		 90.82% 86.74% 85.56% 88.18% 101.92% 98.02% 57.88% 55.83%
Effective Tax Rate		 -13.73% 21.18% 16.93% 24.40% 24.22% 0.00% 25.34% 18.54%
Return on Invested Capital (ROIC)		 21,736.12% 12.47% 3.12% 14.29% 14.51% -2.03% 1.62% 2.95%
ROIC Less NNEP Spread (ROIC-NNEP)		 39,161.66% 37.51% 8.82% 22.64% 12.97% -4.72% 96.54% 120.31%
Return on Net Nonoperating Assets (RNNOA)		 173,733.30% -1.92% -0.61% -4.79% -4.24% 0.78% -0.32% -1.00%
Return on Equity (ROE)		 195,469.42% 10.54% 2.51% 9.50% 10.27% -1.25% 1.30% 1.95%
Cash Return on Invested Capital (CROIC)		 0.00% -187.34% -11.19% 29.00% 7.71% -42.10% 0.45% 9.85%
Operating Return on Assets (OROA)		 6,197.19% 13.16% 3.11% 12.36% 11.15% -1.44% 2.34% 3.03%
Return on Assets (ROA)		 11,493.60% 9.00% 2.21% 8.24% 8.61% -1.02% 1.01% 1.38%
Return on Common Equity (ROCE)		 195,469.42% 10.54% 2.51% 9.50% 10.27% -1.25% 1.30% 1.95%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 5.27% 2.30% 8.83% 9.86% -1.25% 1.28% 0.00%
Net Operating Profit after Tax (NOPAT)		 29 17 9.37 43 42 -7.54 7.27 13
NOPAT Margin		 7.97% 5.72% 4.49% 12.58% 10.21% -2.25% 2.11% 3.84%
Net Nonoperating Expense Percent (NNEP)		 -17,425.54% -25.04% -5.70% -8.35% 1.54% 2.70% -94.92% -117.36%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - 9.37% -1.66% 1.59% 3.01%
Cost of Revenue to Revenue		 51.25% 72.04% 74.73% 64.93% 62.94% 72.37% 69.88% 68.45%
SG&A Expenses to Revenue		 12.80% 19.66% 26.63% 22.76% 23.58% 30.85% 27.30% 26.84%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 12.79% 20.71% 19.87% 18.43% 23.58% 30.85% 27.30% 26.84%
Earnings before Interest and Taxes (EBIT)		 26 23 11 54 57 -7.83 14 19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 57 54 36 68 69 3.38 30 39
Valuation Ratios		 - - - - - - - -
Price to Book Value (P/BV)		 6,110.23 0.77 0.85 1.95 1.89 1.46 0.74 0.79
Price to Tangible Book Value (P/TBV)		 6,110.23 0.87 0.99 2.20 2.09 1.62 0.81 0.87
Price to Revenue (P/Rev)		 0.41 0.75 1.43 2.34 2.06 1.95 0.97 1.00
Price to Earnings (P/E)		 0.00 0.00 36.91 22.10 19.15 0.00 57.29 39.12
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 2.71% 4.53% 5.22% 0.00% 1.75% 2.56%
Enterprise Value to Invested Capital (EV/IC)		 1,124.78 0.76 0.84 2.41 2.33 1.47 0.74 0.79
Enterprise Value to Revenue (EV/Rev)		 0.41 0.70 1.29 1.96 1.70 1.96 0.96 0.99
Enterprise Value to EBITDA (EV/EBITDA)		 2.65 3.97 7.41 9.87 10.02 193.35 10.97 8.52
Enterprise Value to EBIT (EV/EBIT)		 5.80 9.38 23.66 12.33 12.20 0.00 24.55 17.68
Enterprise Value to NOPAT (EV/NOPAT)		 5.17 12.23 28.75 15.59 16.60 0.00 45.68 25.92
Enterprise Value to Operating Cash Flow (EV/OCF)		 2.53 4.68 0.00 8.45 0.00 0.00 29.72 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 7.68 31.26 0.00 163.74 7.75
Leverage & Solvency		 - - - - - - - -
Debt to Equity		 6.11 0.01 0.00 0.00 0.00 0.02 0.00 0.01
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.00
Financial Leverage		 4.44 -0.05 -0.07 -0.21 -0.33 -0.16 0.00 -0.01
Leverage Ratio		 17.01 1.17 1.14 1.15 1.19 1.22 1.29 1.41
Compound Leverage Factor		 15.45 1.02 0.97 1.02 1.22 1.20 0.74 0.79
Debt to Total Capital		 85.94% 1.13% 0.00% 0.00% 0.00% 1.89% 0.40% 0.53%
Short-Term Debt to Total Capital		 85.94% 1.13% 0.00% 0.00% 0.00% 0.28% 0.13% 0.23%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 1.61% 0.26% 0.30%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 14.06% 98.87% 100.00% 100.00% 100.00% 98.11% 99.60% 99.47%
Debt to EBITDA		 0.00 0.06 0.00 0.00 0.00 2.53 0.06 0.06
Net Debt to EBITDA		 0.00 -0.26 0.00 0.00 0.00 0.79 -0.10 -0.05
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 2.15 0.04 0.03
Debt to NOPAT		 0.01 0.19 0.00 0.00 0.00 -1.14 0.25 0.18
Net Debt to NOPAT		 0.00 -0.81 0.00 0.00 0.00 -0.36 -0.40 -0.16
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 -0.97 0.17 0.10
Altman Z-Score		 1,304.64 4.38 6.06 7.93 7.94 4.96 2.73 2.24
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - -
Current Ratio		 0.10 3.44 5.65 4.00 6.31 5.79 3.79 3.71
Quick Ratio		 0.10 1.83 2.53 2.35 3.32 0.81 0.52 0.65
Cash Flow Metrics		 - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -261 -34 87 22 -156 2.03 43
Operating Cash Flow to CapEx		 0.00% 126.22% -293.66% 0.00% 0.00% 0.00% 69.34% -595.05%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - -
Asset Turnover		 872.11 1.77 0.57 0.78 0.80 0.62 0.60 0.54
Accounts Receivable Turnover		 0.00 0.00 3.84 8.51 14.18 11.24 10.47 8.67
Inventory Turnover		 0.00 0.00 2.05 2.36 2.13 1.35 1.08 1.04
Fixed Asset Turnover		 0.00 0.00 27.31 7.69 8.75 16.59 10.78 9.81
Accounts Payable Turnover		 413,751.65 25.74 9.35 12.17 12.51 9.49 7.53 7.19
Days Sales Outstanding (DSO)		 0.00 0.00 94.93 42.91 25.74 32.47 34.85 42.08
Days Inventory Outstanding (DIO)		 0.00 0.00 178.31 154.76 171.12 270.34 336.92 352.01
Days Payable Outstanding (DPO)		 0.00 14.18 39.03 30.00 29.17 38.47 48.50 50.75
Cash Conversion Cycle (CCC)		 0.00 -14.18 234.21 167.67 167.70 264.34 323.27 343.33
Capital & Investment Metrics		 - - - - - - - -
Invested Capital		 0.13 279 322 278 297 446 451 421
Invested Capital Turnover		 2,728.27 2.18 0.70 1.14 1.42 0.90 0.77 0.77
Increase / (Decrease) in Invested Capital		 0.00 279 43 -44 20 149 5.25 -30
Enterprise Value (EV)		 150 213 269 668 693 654 332 333
Market Capitalization		 150 227 299 798 840 652 335 335
Book Value per Share		 $0.00 $13.20 $15.77 $9.09 $8.59 $8.67 $8.56 $9.00
Tangible Book Value per Share		 $0.00 $11.66 $13.61 $8.06 $7.75 $7.85 $7.80 $8.19
Total Capital		 0.17 297 351 409 445 454 457 427
Total Debt		 0.15 3.35 0.00 0.00 0.00 8.56 1.81 2.28
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 7.28 1.21 1.28
Net Debt		 0.11 -14 -29 -130 -147 2.69 -2.88 -2.10
Capital Expenditures (CapEx)		 -66 36 4.17 -13 -37 -3.09 16 3.86
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.24 86 118 73 134 214 205 193
Debt-free Net Working Capital (DFNWC)		 -0.20 104 147 204 281 220 210 198
Net Working Capital (NWC)		 -0.35 101 147 204 281 219 209 197
Net Nonoperating Expense (NNE)		 -19 1.89 1.28 6.72 -2.15 -1.98 1.42 4.29
Net Nonoperating Obligations (NNO)		 0.11 -15 -30 -131 -148 1.18 -4.18 -3.13
Total Depreciation and Amortization (D&A)		 31 31 25 13 12 11 17 20
Debt-free, Cash-free Net Working Capital to Revenue		 -0.07% 28.42% 56.46% 21.57% 32.68% 64.11% 59.40% 57.61%
Debt-free Net Working Capital to Revenue		 -0.06% 34.17% 70.49% 59.81% 68.71% 65.87% 60.76% 58.92%
Net Working Capital to Revenue		 -0.10% 33.07% 70.49% 59.81% 68.71% 65.49% 60.59% 58.62%
Earnings Adjustments		 - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $8.09 $0.84 $0.85 ($0.11) $0.11 $0.18
Adjusted Weighted Average Basic Shares Outstanding		 0.00 22.28M 41.05M 51.69M 51.21M 51.29M 53.11M 48.38M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $7.61 $0.76 $0.83 ($0.15) $0.11 $0.18
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 22.28M 41.05M 51.69M 51.21M 51.46M 53.36M 48.75M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 22.20M 41.05M 51.69M 51.21M 51.99M 53.28M 47.24M
Normalized Net Operating Profit after Tax (NOPAT)		 18 20 8.18 43 42 -7.54 7.27 13
Normalized NOPAT Margin		 4.90% 6.54% 3.91% 12.58% 10.21% -2.25% 2.11% 3.84%
Pre Tax Income Margin		 6.45% 6.46% 4.66% 14.03% 14.17% -2.30% 2.27% 3.14%
Debt Service Ratios		 - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for AerSale

This table displays calculated financial ratios and metrics derived from AerSale's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - 53,278,368.00 46,862,040.00 47,181,517.00 47,185,011.00 47,241,615.00 47,252,829.00
DEI Adjusted Shares Outstanding		 - - - - - 53,278,368.00 46,862,040.00 47,181,517.00 47,185,011.00 47,241,615.00 47,252,829.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - -0.10 0.18 0.00 0.11 -0.07 -0.12
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -0.75% 15.68% 11.22% -10.60% 0.34% -27.35% 39.27% -13.90% -4.02% 7.36% -33.94%
EBITDA Growth		 -78.13% 479.82% 185.10% 733.17% 234.86% -97.22% 706.79% 13.98% 17.68% 1,355.56% -94.30%
EBIT Growth		 -96.87% 829.23% 70.29% 226.82% 1,462.92% -170.71% 892.74% 26.54% 32.21% 51.72% -137.15%
NOPAT Growth		 -111.66% 13,614.48% 73.38% 228.18% 501.69% -193.41% 901.53% -132.50% 130.57% 49.87% -132.00%
Net Income Growth		 -129.72% 125,440.00% -35.31% 443.92% 198.90% -184.07% 335.77% -123.58% 99.74% 34.62% -164.96%
EPS Growth		 -133.33% 0.00% 12.50% 0.00% 171.43% -183.33% 357.14% -100.00% 100.00% 30.00% -166.67%
Operating Cash Flow Growth		 -368.80% 65.61% 77.04% 126.89% 715.48% -110.59% 229.09% -185.17% -69.73% 41.04% -134.44%
Free Cash Flow Firm Growth		 -1,029.76% 16.03% 85.24% 110.33% 98.47% 152.42% 283.71% 72.97% 1,713.63% -147.92% -122.63%
Invested Capital Growth		 50.11% 25.44% 5.43% -3.08% 1.18% -11.08% -7.67% -6.31% -6.68% 4.84% 1.64%
Revenue Q/Q Growth		 2.10% -4.11% -14.84% 7.24% 14.58% -30.57% 63.25% -33.70% 27.74% -22.35% 0.45%
EBITDA Q/Q Growth		 307.40% 184.48% -77.72% 222.64% 63.74% -97.64% 6,366.30% -54.42% 69.05% -70.79% -74.68%
EBIT Q/Q Growth		 120.62% 1,678.33% -123.67% 246.09% 154.18% -180.45% 365.34% -76.68% 165.57% -129.38% -104.22%
NOPAT Q/Q Growth		 45.52% 777.07% -126.03% 233.51% 70.74% -257.45% 323.32% -105.41% 1,311.55% -134.23% -42.56%
Net Income Q/Q Growth		 -1,745.95% 329.76% -157.94% 114.00% 430.84% -295.30% 262.50% -101.40% 4,597.50% -163.92% -61.45%
EPS Q/Q Growth		 0.00% 271.43% -158.33% 114.29% 400.00% -300.00% 280.00% -100.00% 0.00% -170.00% -71.43%
Operating Cash Flow Q/Q Growth		 84.30% -252.07% 28.62% 168.15% 259.35% -220.47% 143.75% -144.97% 227.73% -334.63% 74.44%
Free Cash Flow Firm Q/Q Growth		 1.88% 42.01% 72.09% 165.07% -114.53% 2,087.03% -2.20% -38.73% 35.52% -159.01% 53.82%
Invested Capital Q/Q Growth		 -1.95% 1.41% -1.70% -0.84% 2.36% -10.88% 2.07% 0.62% 1.96% 0.12% -1.04%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 25.86% 31.80% 28.17% 28.63% 31.40% 27.31% 32.91% 30.18% 34.07% 26.74% 22.94%
EBITDA Margin		 3.62% 10.73% 2.81% 8.44% 12.07% 0.41% 16.26% 11.18% 14.79% 5.57% 1.40%
Operating Margin		 -1.11% 5.15% -2.40% 2.41% 5.21% -10.11% 11.65% 4.04% 7.75% -4.72% -6.70%
EBIT Margin		 0.41% 7.52% -2.09% 2.85% 6.32% -7.32% 11.90% 4.19% 8.70% -3.29% -6.69%
Profit (Net Income) Margin		 -2.89% 6.93% -4.72% 0.62% 2.85% -8.02% 7.99% -0.17% 5.93% -4.89% -7.85%
Tax Burden Percent		 426.88% 106.82% 115.83% 86.71% 59.86% 87.99% 83.03% -19.58% 96.65% 77.44% 77.37%
Interest Burden Percent		 -167.10% 86.27% 194.79% 24.93% 75.41% 124.52% 80.81% 20.57% 70.56% 191.61% 151.62%
Effective Tax Rate		 0.00% -6.82% 0.00% 13.29% 40.14% 0.00% 16.97% 119.58% 3.35% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -0.70% 4.69% -1.38% 1.61% 2.40% -5.30% 7.93% -0.63% 5.76% -2.73% -3.44%
ROIC Less NNEP Spread (ROIC-NNEP)		 2.02% 1.69% 13.52% 38.30% 19.28% 29.09% 43.38% -6.80% 44.54% 41.02% 65.86%
Return on Net Nonoperating Assets (RNNOA)		 -0.33% -0.16% -0.47% -0.28% -0.06% -0.12% -0.51% 0.11% -0.37% -0.25% -0.51%
Return on Equity (ROE)		 -1.03% 4.53% -1.85% 1.33% 2.33% -5.42% 7.42% -0.51% 5.39% -2.98% -3.95%
Cash Return on Invested Capital (CROIC)		 -42.10% -23.48% -5.32% 3.26% 0.45% 11.48% 10.04% 8.51% 9.85% -0.73% -1.32%
Operating Return on Assets (OROA)		 0.25% 4.70% -1.29% 1.70% 3.76% -3.85% 6.70% 2.28% 4.69% -1.70% -3.05%
Return on Assets (ROA)		 -1.78% 4.34% -2.91% 0.37% 1.70% -4.22% 4.50% -0.09% 3.20% -2.53% -3.58%
Return on Common Equity (ROCE)		 -1.03% 4.53% -1.85% 1.33% 2.33% -5.42% 7.42% -0.51% 5.39% -2.98% -3.95%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.16% -0.05% 0.09% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.74 4.98 -1.30 1.73 2.96 -4.65 10 -0.56 6.81 -2.33 -3.33
NOPAT Margin		 -0.78% 5.50% -1.68% 2.09% 3.12% -7.07% 9.68% -0.79% 7.49% -3.30% -4.69%
Net Nonoperating Expense Percent (NNEP)		 -2.72% 3.00% -14.90% -36.68% -16.88% -34.40% -35.45% 6.17% -38.79% -43.75% -69.30%
Return On Investment Capital (ROIC_SIMPLE)		 -0.16% - - - 0.65% -1.14% 2.49% -0.13% 1.60% -0.55% -0.79%
Cost of Revenue to Revenue		 74.14% 68.20% 71.83% 71.37% 68.60% 72.69% 67.09% 69.82% 65.93% 73.26% 77.06%
SG&A Expenses to Revenue		 26.97% 26.65% 30.57% 26.22% 26.19% 37.42% 21.25% 26.15% 26.32% 31.46% 29.64%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 26.97% 26.65% 30.57% 26.22% 26.19% 37.42% 21.25% 26.15% 26.32% 31.46% 29.64%
Earnings before Interest and Taxes (EBIT)		 0.38 6.81 -1.61 2.36 5.99 -4.82 13 2.98 7.91 -2.33 -4.75
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 3.41 9.71 2.16 6.98 11 0.27 17 7.96 13 3.93 1.00
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.46 0.83 0.82 0.60 0.74 0.98 0.68 0.93 0.79 0.70 0.71
Price to Tangible Book Value (P/TBV)		 1.62 0.91 0.90 0.65 0.81 1.09 0.75 1.02 0.87 0.76 0.78
Price to Revenue (P/Rev)		 1.95 1.08 1.03 0.78 0.97 1.25 0.80 1.14 1.00 0.86 0.98
Price to Earnings (P/E)		 0.00 526.51 0.00 644.36 57.29 0.00 43.27 65.72 39.12 28.25 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.19% 0.00% 0.16% 1.75% 0.00% 2.31% 1.52% 2.56% 3.54% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.47 0.83 0.82 0.59 0.74 0.98 0.68 0.93 0.79 0.70 0.71
Enterprise Value to Revenue (EV/Rev)		 1.96 1.08 1.02 0.75 0.96 1.24 0.79 1.13 0.99 0.86 0.98
Enterprise Value to EBITDA (EV/EBITDA)		 193.35 32.85 22.52 11.65 10.97 19.01 7.68 10.34 8.52 6.86 11.32
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 97.49 32.69 24.55 207.13 17.03 22.66 17.68 13.76 78.05
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 444.49 45.68 0.00 31.43 45.12 25.92 17.84 231.41
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 29.72 0.00 12.31 119.71 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 17.75 163.74 8.08 6.47 10.56 7.75 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.02 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.00
Long-Term Debt to Equity		 0.02 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.16 -0.10 -0.04 -0.01 0.00 0.00 -0.01 -0.02 -0.01 -0.01 -0.01
Leverage Ratio		 1.22 1.23 1.28 1.28 1.29 1.42 1.44 1.44 1.41 1.58 1.60
Compound Leverage Factor		 -2.04 1.06 2.49 0.32 0.97 1.77 1.16 0.30 1.00 3.04 2.42
Debt to Total Capital		 1.89% 1.00% 0.14% 0.13% 0.40% 0.46% 0.41% 0.60% 0.53% 0.48% 0.42%
Short-Term Debt to Total Capital		 0.28% 0.23% 0.02% 0.04% 0.13% 0.20% 0.20% 0.24% 0.23% 0.23% 0.24%
Long-Term Debt to Total Capital		 1.61% 0.77% 0.12% 0.08% 0.26% 0.26% 0.22% 0.37% 0.30% 0.24% 0.19%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 98.11% 99.00% 99.86% 99.87% 99.60% 99.54% 99.59% 99.40% 99.47% 99.52% 99.58%
Debt to EBITDA		 2.53 0.40 0.04 0.03 0.06 0.09 0.05 0.07 0.06 0.05 0.07
Net Debt to EBITDA		 0.79 0.17 -0.23 -0.41 -0.10 -0.13 -0.11 -0.07 -0.05 0.00 -0.02
Long-Term Debt to EBITDA		 2.15 0.31 0.03 0.02 0.04 0.05 0.03 0.04 0.03 0.02 0.03
Debt to NOPAT		 -1.14 -1.24 -5.20 0.97 0.25 -1.72 0.20 0.30 0.18 0.12 1.38
Net Debt to NOPAT		 -0.36 -0.52 31.02 -15.79 -0.40 2.56 -0.45 -0.32 -0.16 0.00 -0.33
Long-Term Debt to NOPAT		 -0.97 -0.96 -4.41 0.64 0.17 -0.97 0.10 0.18 0.10 0.06 0.61
Altman Z-Score		 5.01 3.38 2.89 2.56 2.69 2.24 2.10 2.32 2.19 1.89 1.73
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 5.79 7.17 6.88 7.21 3.79 4.54 3.87 4.41 3.71 3.74 3.27
Quick Ratio		 0.81 0.81 0.97 0.92 0.52 0.61 0.60 0.67 0.65 0.65 0.54
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -150 -87 -24 16 -2.29 45 44 27 37 -22 -10
Operating Cash Flow to CapEx		 -169.75% 0.00% -166.13% 425.33% 803.12% -1,277.79% 8,993.18% -535.00% 0.00% -852.94% -518.17%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.62 0.63 0.62 0.60 0.60 0.53 0.56 0.54 0.54 0.52 0.46
Accounts Receivable Turnover		 11.24 10.46 10.25 10.86 10.47 9.16 8.57 8.77 8.67 7.82 6.68
Inventory Turnover		 1.35 1.20 1.09 0.96 1.08 0.88 0.98 0.87 1.04 0.95 0.87
Fixed Asset Turnover		 16.59 6.89 6.30 5.38 10.78 7.03 4.06 3.35 9.81 3.56 2.23
Accounts Payable Turnover		 9.49 8.14 9.23 6.67 7.53 8.44 7.57 7.11 7.19 7.94 5.42
Days Sales Outstanding (DSO)		 32.47 34.91 35.60 33.60 34.85 39.84 42.58 41.64 42.08 46.67 54.64
Days Inventory Outstanding (DIO)		 270.34 304.20 333.93 380.06 336.92 412.50 372.22 418.34 352.01 384.58 418.94
Days Payable Outstanding (DPO)		 38.47 44.85 39.53 54.74 48.50 43.23 48.20 51.36 50.75 45.97 67.35
Cash Conversion Cycle (CCC)		 264.34 294.26 330.00 358.92 323.27 409.11 366.60 408.62 343.33 385.29 406.23
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 446 452 445 441 451 402 411 413 421 422 417
Invested Capital Turnover		 0.90 0.85 0.82 0.77 0.77 0.75 0.82 0.79 0.77 0.83 0.73
Increase / (Decrease) in Invested Capital		 149 92 23 -14 5.25 -50 -34 -28 -30 19 6.75
Enterprise Value (EV)		 654 375 363 259 332 396 278 384 333 294 298
Market Capitalization		 652 373 367 269 335 399 282 386 335 294 299
Book Value per Share		 $8.67 $8.53 $8.49 $8.49 $8.56 $7.63 $8.88 $8.84 $9.00 $8.95 $8.86
Tangible Book Value per Share		 $7.85 $7.75 $7.71 $7.72 $7.80 $6.88 $8.04 $8.02 $8.19 $8.15 $8.07
Total Capital		 454 457 450 452 457 408 418 420 427 425 420
Total Debt		 8.56 4.56 0.62 0.57 1.81 1.88 1.73 2.53 2.28 2.03 1.78
Total Long-Term Debt		 7.28 3.53 0.52 0.38 1.21 1.06 0.91 1.53 1.28 1.04 0.79
Net Debt		 2.69 1.92 -3.67 -9.22 -2.88 -2.81 -4.02 -2.74 -2.10 -0.06 -0.42
Capital Expenditures (CapEx)		 3.59 -0.23 9.23 2.46 4.67 3.54 0.22 1.66 -1.56 3.13 1.32
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 214 247 249 283 205 253 237 245 193 206 205
Debt-free Net Working Capital (DFNWC)		 220 249 253 293 210 258 243 251 198 208 207
Net Working Capital (NWC)		 219 248 253 293 209 257 242 250 197 207 206
Net Nonoperating Expense (NNE)		 2.00 -1.30 2.34 1.22 0.25 0.62 1.82 -0.44 1.42 1.12 2.25
Net Nonoperating Obligations (NNO)		 1.18 0.50 -5.01 -10 -4.18 -4.13 -5.23 -3.86 -3.13 -0.98 -1.25
Total Depreciation and Amortization (D&A)		 3.03 2.90 3.78 4.63 5.45 5.09 4.68 4.98 5.54 6.26 5.74
Debt-free, Cash-free Net Working Capital to Revenue		 64.11% 71.09% 70.13% 82.10% 59.40% 78.95% 67.66% 72.39% 57.61% 60.44% 67.35%
Debt-free Net Working Capital to Revenue		 65.87% 71.85% 71.33% 84.94% 60.76% 80.41% 69.30% 73.95% 58.92% 61.05% 68.08%
Net Working Capital to Revenue		 65.49% 71.55% 71.31% 84.88% 60.59% 80.15% 69.06% 73.65% 58.62% 60.76% 67.75%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.06) $0.12 ($0.07) $0.01 $0.05 ($0.10) $0.18 $0.00 $0.10 ($0.07) ($0.12)
Adjusted Weighted Average Basic Shares Outstanding		 51.29M 52.99M 53.03M 53.21M 53.11M 52.34M 46.91M 47.18M 48.38M 47.24M 47.35M
Adjusted Diluted Earnings per Share		 ($0.07) $0.12 ($0.07) $0.01 $0.05 ($0.10) $0.18 $0.00 $0.10 ($0.07) ($0.12)
Adjusted Weighted Average Diluted Shares Outstanding		 51.46M 53.25M 53.03M 53.39M 53.36M 52.34M 47.09M 47.18M 48.75M 47.24M 47.35M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 51.99M 53.01M 53.21M 53.21M 53.28M 46.86M 47.18M 47.19M 47.24M 47.25M 47.73M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.74 3.26 -1.30 1.73 2.96 -4.65 10 2.01 6.81 -2.33 -3.33
Normalized NOPAT Margin		 -0.78% 3.61% -1.68% 2.09% 3.12% -7.07% 9.68% 2.82% 7.49% -3.30% -4.69%
Pre Tax Income Margin		 -0.68% 6.49% -4.07% 0.71% 4.76% -9.12% 9.62% 0.86% 6.14% -6.31% -10.15%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

AerSale’s Q2 2026 results show modest sequential revenue stability but continued profitability and cash-flow pressure. Revenue was $70.9 million, up slightly from $70.6 million in Q1 2026 but down approximately 34% from the restated $107.4 million reported in Q2 2025. The company’s gross margin narrowed to approximately 22.9%, compared with 26.7% in Q1 2026 and 32.9% in Q2 2025.

Profitability deteriorated during the quarter. AerSale reported a $4.8 million operating loss and a $5.6 million net loss, or a diluted loss of $0.12 per share, compared with a $3.3 million operating loss and $3.5 million net loss in Q1. In Q2 2025, the company reported $12.5 million of operating income and $8.6 million of net income. This represents a significant year-over-year reversal.

Cash flow improved sequentially but remains weak. Operating cash flow was negative $6.8 million in Q2 2026, an improvement from negative $26.7 million in Q1, but a sharp reversal from positive operating cash flow of $19.8 million in Q2 2025. Financing activities provided $8.2 million, primarily because $42.8 million of debt issuance exceeded $34.6 million of repayments. As a result, cash increased by only $116,000 to $2.2 million.

The balance sheet remains supported by substantial equity and current assets, although liquidity is concentrated in inventory rather than cash. Total assets increased to $687.1 million from $668.1 million in Q1 2026, while total equity was $418.7 million. Inventories rose to $233.5 million from $219.6 million in Q1, and represented nearly 79% of current assets. AerSale’s current ratio was approximately 3.3, but its cash balance covered only a small portion of current liabilities.

  • Sequential cash-flow improvement: Operating cash outflow narrowed from $26.7 million in Q1 2026 to $6.8 million in Q2, suggesting some improvement in working-capital management.
  • Stable quarterly revenue: Q2 revenue of $70.9 million was slightly above Q1 revenue, indicating that sales were broadly stable on a sequential basis despite the larger year-over-year decline.
  • Strong book equity position: AerSale had $418.7 million of total equity against $268.4 million of total liabilities at June 30, 2026, providing a meaningful balance-sheet cushion.
  • Low reported borrowings relative to assets: Short- and long-term debt totaled approximately $1.8 million at quarter-end, although the company continued to refinance significant amounts of debt during the quarter.
  • Significant asset investment: Net property, plant and equipment increased to $164.5 million from $153.5 million in Q1 2026, which could support future operating capacity but also increases depreciation requirements.
  • Working-capital profile remains inventory-heavy: Inventory increased by $13.9 million sequentially while accounts receivable declined by $3.2 million. Investors should monitor whether inventory converts into revenue and cash.
  • Comparability requires caution: Several 2025 and 2024 income-statement and cash-flow figures in the supplied data were restated, so historical trends may differ from previously reported results.
  • Sharp year-over-year revenue decline: Q2 2026 revenue fell approximately 34% from the restated Q2 2025 level, reducing the company’s ability to absorb fixed operating costs.
  • Gross-margin compression: Gross margin declined to approximately 22.9% from 32.9% a year earlier, while cost of revenue consumed roughly 77% of sales.
  • Recurring losses and negative operating cash flow: AerSale has reported net losses in Q1 and Q2 2026, and operating cash flow has remained negative in both quarters. The company also paid $2.5 million of cash interest in Q2, further limiting internally generated liquidity.
10/14/26 02:40 AM ETAI Generated. May Contain Errors.

AerSale Financials - Frequently Asked Questions

According to the most recent income statement we have on file, AerSale's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

AerSale's net income appears to be on a downward trend, with a most recent value of $8.58 million in 2025, falling from $47.99 million in 2018. The previous period was $5.85 million in 2024. See where experts think AerSale is headed by visiting AerSale's forecast page.

AerSale's total operating income in 2025 was $15.79 million, based on the following breakdown:
  • Total Gross Profit: $105.77 million
  • Total Operating Expenses: $89.98 million

Over the last 7 years, AerSale's total revenue changed from $364.10 million in 2018 to $335.29 million in 2025, a change of -7.9%.

In the past 13 quarters, AerSale's cash and equivalents has ranged from $2.09 million in Q1 2026 to $87.70 million in Q1 2023, and is currently $2.20 million as of their latest financial filing in Q2 2026.

AerSale had total debt of $2.28 million at the end of 2025, a 25.5% increase from 2024, and a 1,418.0% increase since 2018.

Over the last 7 years, AerSale's book value per share changed from 0.00 in 2018 to 9.00 in 2025, a change of 562,087.5%.


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Financial statements for NASDAQ:ASLE last updated on 8/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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