AerSale (ASLE) Financials

$7.13 +0.34 (+4.99%)

As of 03:54 PM Eastern

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	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	44	-5.56	5.85
Consolidated Net Income / (Loss)	44	-5.56	5.85
Net Income / (Loss) Continuing Operations	44	-5.56	5.85
Total Pre-Tax Income	58	-7.68	7.84
Total Operating Income	55	-11	9.74
Total Gross Profit	151	92	104
Total Revenue	409	335	345
Operating Revenue	409	335	345
Total Cost of Revenue	257	242	241
Operating Cost of Revenue	257	242	241
Total Operating Expenses	96	103	94
Selling, General & Admin Expense	96	103	94
Total Other Income / (Expense), net	2.84	3.09	-1.91
Interest & Investment Income	1.09	0.16	-5.70
Other Income / (Expense), net	1.74	2.94	3.80
Income Tax Expense	14	-2.12	1.99
Basic Earnings per Share	$0.85	($0.11)	$0.11
Weighted Average Basic Shares Outstanding	51.57M	51.29M	53.11M
Diluted Earnings per Share	$0.83	($0.15)	$0.11
Weighted Average Diluted Shares Outstanding	53.15M	51.46M	53.36M
Weighted Average Basic & Diluted Shares Outstanding	51.21M	51.99M	53.28M

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-9.01	9.19	0.01	-2.69	-0.15	-2.73	6.28	-3.64	0.51	2.70
Consolidated Net Income / (Loss)	-9.01	9.19	0.01	-2.69	-0.15	-2.73	6.28	-3.64	0.51	2.70
Net Income / (Loss) Continuing Operations	-9.01	9.19	0.01	-2.69	-0.15	-2.73	6.28	-3.64	0.51	2.70
Total Pre-Tax Income	-10	13	0.11	-5.05	-2.11	-0.64	5.88	-3.14	0.59	4.51
Total Operating Income	-8.49	9.13	-0.83	-6.96	-1.93	-1.05	4.66	-1.85	2.00	4.94
Total Gross Profit	15	34	24	20	23	24	29	22	24	30
Total Revenue	51	95	78	69	92	94	91	77	83	95
Operating Revenue	51	95	78	69	92	94	91	77	83	95
Total Cost of Revenue	36	61	54	49	69	70	62	55	59	65
Operating Cost of Revenue	36	61	54	49	69	70	62	55	59	65
Total Operating Expenses	24	25	25	27	25	25	24	24	22	25
Selling, General & Admin Expense	24	25	25	27	25	25	24	24	22	25
Total Other Income / (Expense), net	-1.59	4.18	0.95	1.91	-0.18	0.41	1.21	-1.29	-1.41	-0.42
Interest & Investment Income	0.39	1.08	1.05	0.38	-0.25	-1.02	-0.94	-1.53	-1.77	-1.47
Other Income / (Expense), net	-1.98	3.10	-0.10	1.53	0.07	1.43	2.15	0.24	0.36	1.05
Income Tax Expense	-1.07	4.11	0.11	-2.36	-1.96	2.09	-0.40	0.50	0.08	1.81
Basic Earnings per Share	($0.17)	$0.18	$0.00	($0.05)	$0.00	($0.06)	$0.12	($0.07)	$0.01	$0.05
Weighted Average Basic Shares Outstanding	51.75M	51.57M	51.21M	51.23M	51.32M	51.29M	52.99M	53.03M	53.21M	53.11M
Diluted Earnings per Share	($0.17)	$0.21	$0.00	($0.08)	$0.00	($0.07)	$0.12	($0.07)	$0.01	$0.05
Weighted Average Diluted Shares Outstanding	51.75M	53.15M	52.96M	51.40M	51.32M	51.46M	53.25M	53.03M	53.39M	53.36M
Weighted Average Basic & Diluted Shares Outstanding	51.77M	51.21M	51.22M	51.33M	51.33M	51.99M	53.01M	53.21M	53.21M	53.28M

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	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	17	-141	-1.18
Net Cash From Operating Activities	-0.11	-174	11
Net Cash From Continuing Operating Activities	-0.11	-174	11
Net Income / (Loss) Continuing Operations	44	-5.56	5.85
Consolidated Net Income / (Loss)	44	-5.56	5.85
Depreciation Expense	11	10	16
Amortization Expense	1.33	0.76	0.70
Non-Cash Adjustments To Reconcile Net Income	2.58	5.40	35
Changes in Operating Assets and Liabilities, net	-59	-185	-46
Net Cash From Investing Activities	41	3.09	-16
Net Cash From Continuing Investing Activities	41	3.09	-16
Purchase of Property, Plant & Equipment	-16	-11	-29
Sale of Property, Plant & Equipment	53	14	13
Other Investing Activities, net	4.20	0.00	0.00
Net Cash From Financing Activities	-24	30	3.77
Net Cash From Continuing Financing Activities	-24	30	3.77
Repayment of Debt	0.00	-55	-192
Issuance of Debt	0.00	91	195
Issuance of Common Equity	0.54	0.57	0.53
Other Financing Activities, net	-25	-7.02	-0.12
Cash Interest Paid	0.57	1.52	5.65
Cash Income Taxes Paid	21	1.16	-0.01

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-46	-4.19	-59	-53	-31	2.72	-3.24	1.65	5.50	-5.09
Net Cash From Operating Activities	-44	2.27	-62	-67	-39	-6.10	-21	-15	10	38
Net Cash From Continuing Operating Activities	-44	2.27	-62	-67	-36	-8.73	-21	-15	10	38
Net Income / (Loss) Continuing Operations	-9.01	9.19	0.01	-2.69	-0.15	-2.73	6.28	-3.64	0.51	2.70
Consolidated Net Income / (Loss)	-9.01	9.19	0.01	-2.69	-0.15	-2.73	6.28	-3.64	0.51	2.70
Depreciation Expense	2.83	2.40	2.47	2.60	2.52	2.87	2.78	3.66	4.51	5.10
Amortization Expense	0.12	0.99	0.14	0.28	0.18	0.16	0.12	0.12	0.12	0.34
Non-Cash Adjustments To Reconcile Net Income	3.24	-3.72	-8.64	2.72	6.90	4.43	-2.48	20	4.17	13
Changes in Operating Assets and Liabilities, net	-41	-6.59	-56	-70	-46	-13	-28	-35	1.14	16
Net Cash From Investing Activities	-2.28	18	3.02	4.87	-1.20	-3.59	0.23	-9.23	-2.46	-4.67
Net Cash From Continuing Investing Activities	-2.28	18	3.02	4.87	-1.20	-3.59	0.23	-9.23	-2.46	-4.67
Purchase of Property, Plant & Equipment	-3.68	-1.72	-1.48	-3.33	-2.95	-3.59	-3.57	-9.23	-2.46	-14
Sale of Property, Plant & Equipment	1.40	16	4.50	8.20	1.75	-	3.80	-	-	9.10
Net Cash From Financing Activities	-	-25	-0.07	8.84	8.57	12	18	26	-2.49	-38
Net Cash From Continuing Financing Activities	-	-25	-0.07	8.84	8.57	12	18	26	-2.49	-38
Repayment of Debt	-	-	0.00	-	-18	-38	-43	-20	-28	-100
Issuance of Debt	-	-	0.00	8.56	26	57	62	46	25	62
Issuance of Common Equity	-	0.19	-	-	-	0.29	-	-	-	0.21
Cash Interest Paid	0.43	-0.28	0.14	0.15	0.29	0.95	0.93	1.51	1.74	1.48
Cash Income Taxes Paid	5.07	6.85	-0.10	1.38	0.03	-0.15	0.00	0.07	-0.09	0.01

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	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	532	554	605
Total Current Assets	334	265	284
Cash & Equivalents	147	5.87	4.70
Accounts Receivable	28	31	35
Inventories, net	145	214	232
Prepaid Expenses	13	13	11
Current Deferred & Refundable Income Taxes	0.00	1.63	1.99
Plant, Property, & Equipment, net	13	28	36
Total Noncurrent Assets	185	261	284
Goodwill	20	20	20
Intangible Assets	24	22	21
Noncurrent Deferred & Refundable Income Taxes	11	12	10
Other Noncurrent Operating Assets	130	206	233
Other Noncurrent Nonoperating Assets	0.54	1.51	1.30
Total Liabilities & Shareholders' Equity	532	554	605
Total Liabilities	87	109	149
Total Current Liabilities	53	46	75
Short-Term Debt	0.00	1.28	0.61
Accounts Payable	21	30	34
Accrued Expenses	8.84	5.48	7.40
Customer Deposits	17	1.47	1.73
Current Deferred Revenue	1.36	3.00	1.78
Other Current Liabilities	4.43	4.59	29
Total Noncurrent Liabilities	34	63	74
Long-Term Debt	0.00	7.28	1.21
Other Noncurrent Operating Liabilities	34	56	73
Total Equity & Noncontrolling Interests	445	445	456
Total Preferred & Common Equity	445	445	456
Total Common Equity	445	445	456
Common Stock	306	312	316
Retained Earnings	139	133	139

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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	510	537	550	554	572	599	601
Total Current Assets	326	326	312	286	288	296	340
Cash & Equivalents	151	88	35	3.15	2.64	4.29	9.79
Accounts Receivable	39	36	32	30	30	37	34
Inventories, net	132	175	234	237	241	235	276
Prepaid Expenses	3.47	27	12	15	13	18	18
Current Deferred & Refundable Income Taxes	-	-	-	1.31	1.63	1.70	2.04
Plant, Property, & Equipment, net	12	47	48	55	54	64	73
Total Noncurrent Assets	172	133	189	213	230	239	189
Goodwill	20	20	20	20	20	20	20
Intangible Assets	25	24	23	23	21	21	21
Noncurrent Deferred & Refundable Income Taxes	13	11	13	14	13	12	12
Other Noncurrent Operating Assets	114	78	133	155	174	184	135
Other Noncurrent Nonoperating Assets	0.66	0.43	0.32	1.59	1.42	1.34	1.26
Total Liabilities & Shareholders' Equity	510	537	550	554	572	599	601
Total Liabilities	54	90	102	103	120	149	150
Total Current Liabilities	45	57	63	57	40	43	47
Short-Term Debt	-	-	-	0.63	1.03	0.09	0.19
Accounts Payable	22	35	26	39	26	29	35
Accrued Expenses	7.83	5.37	5.55	3.92	5.72	6.36	6.22
Customer Deposits	10	9.10	24	6.44	0.81	0.64	0.91
Current Deferred Revenue	3.52	2.70	3.07	2.39	2.01	2.29	0.85
Other Current Liabilities	-	-	4.59	4.58	4.40	4.24	4.06
Total Noncurrent Liabilities	9.09	5.22	39	46	79	106	103
Long-Term Debt	-	-	8.56	7.93	3.53	0.52	0.38
Other Noncurrent Operating Liabilities	7.79	5.22	30	38	76	105	102
Total Equity & Noncontrolling Interests	456	448	448	451	452	450	452
Total Preferred & Common Equity	456	448	448	451	452	450	452
Total Common Equity	456	448	448	451	452	450	452
Common Stock	326	309	312	315	312	314	315
Retained Earnings	130	139	136	136	140	136	136

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

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	20.01%	-18.12%	3.16%
EBITDA Growth	2.12%	-95.10%	795.09%
EBIT Growth	4.83%	-113.79%	272.84%
NOPAT Growth	-2.62%	-118.07%	196.49%
Net Income Growth	21.45%	-112.68%	205.18%
EPS Growth	9.21%	-118.07%	173.33%
Operating Cash Flow Growth	-100.14%	-154,015.04%	106.42%
Free Cash Flow Firm Growth	-74.51%	-806.29%	101.30%
Invested Capital Growth	7.04%	50.11%	1.18%
Revenue Q/Q Growth	-5.03%	-0.21%	0.09%
EBITDA Q/Q Growth	-9.68%	-78.28%	36.00%
EBIT Q/Q Growth	-11.71%	-295.51%	70.59%
NOPAT Q/Q Growth	-18.73%	-1,151.55%	1,146.17%
Net Income Q/Q Growth	-4.34%	-187.44%	1,303.12%
EPS Q/Q Growth	2.47%	-215.38%	1,200.00%
Operating Cash Flow Q/Q Growth	-100.22%	-5.05%	134.46%
Free Cash Flow Firm Q/Q Growth	-68.36%	-3.09%	-86.11%
Invested Capital Q/Q Growth	-2.18%	-1.95%	2.36%
Profitability Metrics	-	-	-
Gross Margin	37.06%	27.63%	30.12%
EBITDA Margin	16.91%	1.01%	8.78%
Operating Margin	13.47%	-3.22%	2.82%
EBIT Margin	13.90%	-2.34%	3.92%
Profit (Net Income) Margin	10.74%	-1.66%	1.70%
Tax Burden Percent	75.78%	72.44%	74.66%
Interest Burden Percent	101.92%	98.02%	57.88%
Effective Tax Rate	24.22%	0.00%	25.34%
Return on Invested Capital (ROIC)	14.51%	-2.03%	1.62%
ROIC Less NNEP Spread (ROIC-NNEP)	12.97%	-4.72%	96.54%
Return on Net Nonoperating Assets (RNNOA)	-4.24%	0.78%	-0.32%
Return on Equity (ROE)	10.27%	-1.25%	1.30%
Cash Return on Invested Capital (CROIC)	7.71%	-42.10%	0.45%
Operating Return on Assets (OROA)	11.15%	-1.44%	2.34%
Return on Assets (ROA)	8.61%	-1.02%	1.01%
Return on Common Equity (ROCE)	10.27%	-1.25%	1.30%
Return on Equity Simple (ROE_SIMPLE)	9.86%	-1.25%	1.28%
Net Operating Profit after Tax (NOPAT)	42	-7.54	7.27
NOPAT Margin	10.21%	-2.25%	2.11%
Net Nonoperating Expense Percent (NNEP)	1.54%	2.70%	-94.92%
Return On Investment Capital (ROIC_SIMPLE)	9.37%	-1.66%	1.59%
Cost of Revenue to Revenue	62.94%	72.37%	69.88%
SG&A Expenses to Revenue	23.58%	30.85%	27.30%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	23.58%	30.85%	27.30%
Earnings before Interest and Taxes (EBIT)	57	-7.83	14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	69	3.38	30
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.89	1.46	0.74
Price to Tangible Book Value (P/TBV)	2.09	1.62	0.81
Price to Revenue (P/Rev)	2.06	1.95	0.97
Price to Earnings (P/E)	19.15	0.00	57.29
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	5.22%	0.00%	1.75%
Enterprise Value to Invested Capital (EV/IC)	2.33	1.47	0.74
Enterprise Value to Revenue (EV/Rev)	1.70	1.96	0.96
Enterprise Value to EBITDA (EV/EBITDA)	10.02	193.35	10.97
Enterprise Value to EBIT (EV/EBIT)	12.20	0.00	24.55
Enterprise Value to NOPAT (EV/NOPAT)	16.60	0.00	45.68
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	29.72
Enterprise Value to Free Cash Flow (EV/FCFF)	31.26	0.00	163.74
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.02	0.00
Long-Term Debt to Equity	0.00	0.02	0.00
Financial Leverage	-0.33	-0.16	0.00
Leverage Ratio	1.19	1.22	1.29
Compound Leverage Factor	1.22	1.20	0.74
Debt to Total Capital	0.00%	1.89%	0.40%
Short-Term Debt to Total Capital	0.00%	0.28%	0.13%
Long-Term Debt to Total Capital	0.00%	1.61%	0.26%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	98.11%	99.60%
Debt to EBITDA	0.00	2.53	0.06
Net Debt to EBITDA	0.00	0.79	-0.10
Long-Term Debt to EBITDA	0.00	2.15	0.04
Debt to NOPAT	0.00	-1.14	0.25
Net Debt to NOPAT	0.00	-0.36	-0.40
Long-Term Debt to NOPAT	0.00	-0.97	0.17
Altman Z-Score	7.94	4.96	2.73
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	6.31	5.79	3.79
Quick Ratio	3.32	0.81	0.52
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	22	-156	2.03
Operating Cash Flow to CapEx	0.00%	0.00%	69.34%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.80	0.62	0.60
Accounts Receivable Turnover	14.18	11.24	10.47
Inventory Turnover	2.13	1.35	1.08
Fixed Asset Turnover	8.75	16.59	10.78
Accounts Payable Turnover	12.51	9.49	7.53
Days Sales Outstanding (DSO)	25.74	32.47	34.85
Days Inventory Outstanding (DIO)	171.12	270.34	336.92
Days Payable Outstanding (DPO)	29.17	38.47	48.50
Cash Conversion Cycle (CCC)	167.70	264.34	323.27
Capital & Investment Metrics	-	-	-
Invested Capital	297	446	451
Invested Capital Turnover	1.42	0.90	0.77
Increase / (Decrease) in Invested Capital	20	149	5.25
Enterprise Value (EV)	693	654	332
Market Capitalization	840	652	335
Book Value per Share	$8.59	$8.67	$8.56
Tangible Book Value per Share	$7.75	$7.85	$7.80
Total Capital	445	454	457
Total Debt	0.00	8.56	1.81
Total Long-Term Debt	0.00	7.28	1.21
Net Debt	-147	2.69	-2.88
Capital Expenditures (CapEx)	-37	-3.09	16
Debt-free, Cash-free Net Working Capital (DFCFNWC)	134	214	205
Debt-free Net Working Capital (DFNWC)	281	220	210
Net Working Capital (NWC)	281	219	209
Net Nonoperating Expense (NNE)	-2.15	-1.98	1.42
Net Nonoperating Obligations (NNO)	-148	1.18	-4.18
Total Depreciation and Amortization (D&A)	12	11	17
Debt-free, Cash-free Net Working Capital to Revenue	32.68%	64.11%	59.40%
Debt-free Net Working Capital to Revenue	68.71%	65.87%	60.76%
Net Working Capital to Revenue	68.71%	65.49%	60.59%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.85	($0.11)	$0.11
Adjusted Weighted Average Basic Shares Outstanding	51.21M	51.29M	53.11M
Adjusted Diluted Earnings per Share	$0.83	($0.15)	$0.11
Adjusted Weighted Average Diluted Shares Outstanding	51.21M	51.46M	53.36M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	51.21M	51.99M	53.28M
Normalized Net Operating Profit after Tax (NOPAT)	42	-7.54	7.27
Normalized NOPAT Margin	10.21%	-2.25%	2.11%
Pre Tax Income Margin	14.17%	-2.30%	2.27%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-30.42%	-18.54%	-36.26%	-50.34%	81.34%	-0.75%	15.68%	11.22%	-10.60%	0.34%
EBITDA Growth	-350.03%	-32.19%	-93.31%	-107.07%	111.13%	-78.13%	479.82%	185.10%	733.17%	234.86%
EBIT Growth	-3,839.10%	-38.13%	-104.23%	-116.45%	82.28%	-96.87%	829.23%	70.29%	226.82%	1,462.92%
NOPAT Growth	-564.41%	-59.76%	-100.20%	-119.18%	77.29%	-111.66%	13,614.48%	73.38%	228.18%	501.69%
Net Income Growth	-450.92%	-17.81%	-99.97%	-110.16%	98.36%	-129.72%	125,440.00%	-35.31%	443.92%	198.90%
EPS Growth	-325.00%	10.53%	-100.00%	-117.02%	100.00%	-133.33%	0.00%	12.50%	0.00%	171.43%
Operating Cash Flow Growth	-345.58%	-95.69%	-245.05%	-3,520.12%	10.86%	-368.80%	65.61%	77.04%	126.89%	715.48%
Free Cash Flow Firm Growth	108.82%	-122.17%	-201.78%	-267.10%	-1,295.09%	-1,029.76%	16.03%	85.24%	110.33%	98.47%
Invested Capital Growth	-5.80%	7.04%	40.15%	60.67%	49.75%	50.11%	25.44%	5.43%	-3.08%	1.18%
Revenue Q/Q Growth	-63.47%	86.54%	-17.72%	-11.43%	33.40%	2.10%	-4.11%	-14.84%	7.24%	14.58%
EBITDA Q/Q Growth	-120.93%	307.24%	-89.27%	-251.82%	132.95%	307.40%	184.48%	-77.72%	222.64%	63.74%
EBIT Q/Q Growth	-131.78%	216.66%	-107.64%	-480.94%	65.78%	120.62%	1,678.33%	-123.67%	246.09%	154.18%
NOPAT Q/Q Growth	-123.41%	206.07%	-100.58%	-13,112.46%	72.27%	45.52%	777.07%	-126.03%	233.51%	70.74%
Net Income Q/Q Growth	-134.07%	202.00%	-99.95%	-53,860.00%	94.49%	-1,745.95%	329.76%	-157.94%	114.00%	430.84%
EPS Q/Q Growth	-136.17%	223.53%	-100.00%	0.00%	100.00%	0.00%	271.43%	-158.33%	114.29%	400.00%
Operating Cash Flow Q/Q Growth	-2,263.67%	105.21%	-2,851.96%	-6.91%	41.80%	84.30%	-252.07%	28.62%	168.15%	259.35%
Free Cash Flow Firm Q/Q Growth	-87.01%	-203.80%	-680.20%	-58.82%	7.08%	1.88%	42.01%	72.09%	165.07%	-114.53%
Invested Capital Q/Q Growth	15.74%	-2.18%	21.35%	16.95%	7.87%	-1.95%	1.41%	-1.70%	-0.84%	2.36%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.37%	35.97%	31.16%	29.05%	25.38%	25.86%	31.80%	28.17%	28.63%	31.40%
EBITDA Margin	-14.77%	16.41%	2.14%	-3.67%	0.91%	3.62%	10.73%	2.81%	8.44%	12.07%
Operating Margin	-16.66%	9.59%	-1.06%	-10.04%	-2.09%	-1.11%	5.15%	-2.40%	2.41%	5.21%
EBIT Margin	-20.55%	12.85%	-1.19%	-7.83%	-2.01%	0.41%	7.52%	-2.09%	2.85%	6.32%
Profit (Net Income) Margin	-17.67%	9.66%	0.01%	-3.88%	-0.16%	-2.89%	6.93%	-4.72%	0.62%	2.85%
Tax Burden Percent	89.37%	69.11%	4.42%	53.28%	7.02%	426.88%	106.82%	115.83%	86.71%	59.86%
Interest Burden Percent	96.25%	108.82%	-12.10%	92.98%	113.46%	-167.10%	86.27%	194.79%	24.93%	75.41%
Effective Tax Rate	0.00%	30.89%	95.58%	0.00%	0.00%	0.00%	-6.82%	0.00%	13.29%	40.14%
Return on Invested Capital (ROIC)	-16.01%	9.42%	-0.06%	-6.03%	-1.29%	-0.70%	4.69%	-1.38%	1.61%	2.40%
ROIC Less NNEP Spread (ROIC-NNEP)	-13.16%	7.35%	-0.09%	-7.97%	-2.91%	2.02%	1.69%	13.52%	38.30%	19.28%
Return on Net Nonoperating Assets (RNNOA)	3.36%	-2.40%	0.03%	1.97%	0.48%	-0.33%	-0.16%	-0.47%	-0.28%	-0.06%
Return on Equity (ROE)	-12.65%	7.02%	-0.03%	-4.06%	-0.81%	-1.03%	4.53%	-1.85%	1.33%	2.33%
Cash Return on Invested Capital (CROIC)	22.36%	7.71%	-25.97%	-48.01%	-40.00%	-42.10%	-23.48%	-5.32%	3.26%	0.45%
Operating Return on Assets (OROA)	-18.61%	10.30%	-0.84%	-4.31%	-1.27%	0.25%	4.70%	-1.29%	1.70%	3.76%
Return on Assets (ROA)	-16.01%	7.75%	0.00%	-2.13%	-0.10%	-1.78%	4.34%	-2.91%	0.37%	1.70%
Return on Common Equity (ROCE)	-12.65%	7.02%	-0.03%	-4.06%	-0.81%	-1.03%	4.53%	-1.85%	1.33%	2.33%
Return on Equity Simple (ROE_SIMPLE)	10.06%	0.00%	5.95%	-0.56%	1.41%	0.00%	0.16%	-0.05%	0.09%	0.00%
Net Operating Profit after Tax (NOPAT)	-5.95	6.31	-0.04	-4.87	-1.35	-0.74	4.98	-1.30	1.73	2.96
NOPAT Margin	-11.66%	6.63%	-0.05%	-7.02%	-1.46%	-0.78%	5.50%	-1.68%	2.09%	3.12%
Net Nonoperating Expense Percent (NNEP)	-2.85%	2.07%	0.03%	1.94%	1.62%	-2.72%	3.00%	-14.90%	-36.68%	-16.88%
Return On Investment Capital (ROIC_SIMPLE)	-	1.42%	-	-	-	-0.16%	-	-	-	0.65%
Cost of Revenue to Revenue	69.63%	64.03%	68.84%	70.95%	74.62%	74.14%	68.20%	71.83%	71.37%	68.60%
SG&A Expenses to Revenue	47.03%	26.38%	32.23%	39.09%	27.47%	26.97%	26.65%	30.57%	26.22%	26.19%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	47.03%	26.38%	32.23%	39.09%	27.47%	26.97%	26.65%	30.57%	26.22%	26.19%
Earnings before Interest and Taxes (EBIT)	-10	12	-0.93	-5.43	-1.86	0.38	6.81	-1.61	2.36	5.99
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-7.53	16	1.68	-2.54	0.84	3.41	9.71	2.16	6.98	11
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.10	1.89	1.97	1.68	1.70	1.46	0.83	0.82	0.60	0.74
Price to Tangible Book Value (P/TBV)	2.33	2.09	2.18	1.86	1.88	1.62	0.91	0.90	0.65	0.81
Price to Revenue (P/Rev)	2.23	2.06	2.42	2.56	2.29	1.95	1.08	1.03	0.78	0.97
Price to Earnings (P/E)	20.92	19.15	33.11	0.00	120.54	0.00	526.51	0.00	644.36	57.29
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.78%	5.22%	3.02%	0.00%	0.83%	0.00%	0.19%	0.00%	0.16%	1.75%
Enterprise Value to Invested Capital (EV/IC)	2.66	2.33	2.20	1.72	1.70	1.47	0.83	0.82	0.59	0.74
Enterprise Value to Revenue (EV/Rev)	1.88	1.70	2.18	2.47	2.30	1.96	1.08	1.02	0.75	0.96
Enterprise Value to EBITDA (EV/EBITDA)	10.56	10.02	17.37	100.84	49.58	193.35	32.85	22.52	11.65	10.97
Enterprise Value to EBIT (EV/EBIT)	12.56	12.20	23.51	0.00	192.73	0.00	0.00	97.49	32.69	24.55
Enterprise Value to NOPAT (EV/NOPAT)	15.74	16.60	34.43	0.00	0.00	0.00	0.00	0.00	444.49	45.68
Enterprise Value to Operating Cash Flow (EV/OCF)	16.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	29.72
Enterprise Value to Free Cash Flow (EV/FCFF)	11.53	31.26	0.00	0.00	0.00	0.00	0.00	0.00	17.75	163.74
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.02	0.02	0.02	0.01	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.02	0.02	0.02	0.01	0.00	0.00	0.00
Financial Leverage	-0.26	-0.33	-0.30	-0.25	-0.16	-0.16	-0.10	-0.04	-0.01	0.00
Leverage Ratio	1.13	1.19	1.19	1.17	1.17	1.22	1.23	1.28	1.28	1.29
Compound Leverage Factor	1.09	1.30	-0.14	1.09	1.33	-2.04	1.06	2.49	0.32	0.97
Debt to Total Capital	0.00%	0.00%	0.00%	1.87%	1.86%	1.89%	1.00%	0.14%	0.13%	0.40%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.14%	0.28%	0.23%	0.02%	0.04%	0.13%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	1.87%	1.72%	1.61%	0.77%	0.12%	0.08%	0.26%
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%
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%
Common Equity to Total Capital	100.00%	100.00%	100.00%	98.13%	98.14%	98.11%	99.00%	99.86%	99.87%	99.60%
Debt to EBITDA	0.00	0.00	0.00	1.19	0.55	2.53	0.40	0.04	0.03	0.06
Net Debt to EBITDA	0.00	0.00	0.00	-3.62	0.35	0.79	0.17	-0.23	-0.41	-0.10
Long-Term Debt to EBITDA	0.00	0.00	0.00	1.19	0.51	2.15	0.31	0.03	0.02	0.04
Debt to NOPAT	0.00	0.00	0.00	-1.71	-14.21	-1.14	-1.24	-5.20	0.97	0.25
Net Debt to NOPAT	0.00	0.00	0.00	5.21	-8.97	-0.36	-0.52	31.02	-15.79	-0.40
Long-Term Debt to NOPAT	0.00	0.00	0.00	-1.71	-13.16	-0.97	-0.96	-4.41	0.64	0.17
Altman Z-Score	12.48	7.66	7.54	5.84	5.92	5.01	3.38	2.89	2.56	2.69
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	7.27	6.31	5.73	4.97	5.03	5.79	7.17	6.88	7.21	3.79
Quick Ratio	4.26	3.32	2.18	1.06	0.58	0.81	0.81	0.97	0.92	0.52
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	13	-13	-103	-164	-153	-150	-87	-24	16	-2.29
Operating Cash Flow to CapEx	-1,915.03%	0.00%	0.00%	0.00%	-3,232.45%	-169.75%	0.00%	-166.13%	425.33%	803.12%
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
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
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
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.91	0.80	0.70	0.55	0.63	0.62	0.63	0.62	0.60	0.60
Accounts Receivable Turnover	10.37	14.18	9.20	7.75	9.72	11.24	10.46	10.25	10.86	10.47
Inventory Turnover	2.43	2.13	1.73	1.21	1.27	1.35	1.20	1.09	0.96	1.08
Fixed Asset Turnover	0.00	8.75	13.11	10.04	9.98	16.59	6.89	6.30	5.38	10.78
Accounts Payable Turnover	14.02	12.51	8.49	8.27	7.64	9.49	8.14	9.23	6.67	7.53
Days Sales Outstanding (DSO)	35.20	25.74	39.69	47.09	37.53	32.47	34.91	35.60	33.60	34.85
Days Inventory Outstanding (DIO)	150.06	171.12	211.25	301.02	288.37	270.34	304.20	333.93	380.06	336.92
Days Payable Outstanding (DPO)	26.04	29.17	42.97	44.16	47.79	38.47	44.85	39.53	54.74	48.50
Cash Conversion Cycle (CCC)	159.22	167.70	207.97	303.95	278.12	264.34	294.26	330.00	358.92	323.27
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	304	297	361	422	455	446	452	445	441	451
Invested Capital Turnover	1.37	1.42	1.18	0.86	0.88	0.90	0.85	0.82	0.77	0.77
Increase / (Decrease) in Invested Capital	-19	20	103	159	151	149	92	23	-14	5.25
Enterprise Value (EV)	808	693	794	727	772	654	375	363	259	332
Market Capitalization	959	840	882	753	767	652	373	367	269	335
Book Value per Share	$8.81	$8.59	$8.74	$8.75	$8.79	$8.67	$8.53	$8.49	$8.49	$8.56
Tangible Book Value per Share	$7.95	$7.75	$7.89	$7.91	$7.97	$7.85	$7.75	$7.71	$7.72	$7.80
Total Capital	456	445	448	457	460	454	457	450	452	457
Total Debt	0.00	0.00	0.00	8.56	8.56	8.56	4.56	0.62	0.57	1.81
Total Long-Term Debt	0.00	0.00	0.00	8.56	7.93	7.28	3.53	0.52	0.38	1.21
Net Debt	-151	-147	-88	-26	5.41	2.69	1.92	-3.67	-9.22	-2.88
Capital Expenditures (CapEx)	2.28	-14	-3.02	-4.87	1.20	3.59	-0.23	9.23	2.46	4.67
Debt-free, Cash-free Net Working Capital (DFCFNWC)	129	134	182	215	227	214	247	249	283	205
Debt-free Net Working Capital (DFNWC)	281	281	270	249	230	220	249	253	293	210
Net Working Capital (NWC)	281	281	270	249	229	219	248	253	293	209
Net Nonoperating Expense (NNE)	3.07	-2.89	-0.04	-2.18	-1.20	2.00	-1.30	2.34	1.22	0.25
Net Nonoperating Obligations (NNO)	-152	-148	-87	-26	3.82	1.18	0.50	-5.01	-10	-4.18
Total Depreciation and Amortization (D&A)	2.95	3.38	2.61	2.88	2.70	3.03	2.90	3.78	4.63	5.45
Debt-free, Cash-free Net Working Capital to Revenue	30.09%	32.68%	49.95%	73.13%	67.62%	64.11%	71.09%	70.13%	82.10%	59.40%
Debt-free Net Working Capital to Revenue	65.28%	68.71%	74.04%	84.92%	68.57%	65.87%	71.85%	71.33%	84.94%	60.76%
Net Working Capital to Revenue	65.28%	68.71%	74.04%	84.92%	68.38%	65.49%	71.55%	71.31%	84.88%	60.59%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.17)	$0.18	$0.00	($0.05)	$0.00	($0.06)	$0.12	($0.07)	$0.01	$0.05
Adjusted Weighted Average Basic Shares Outstanding	51.77M	51.57M	51.22M	51.23M	51.32M	51.29M	52.99M	53.03M	53.21M	53.11M
Adjusted Diluted Earnings per Share	($0.17)	$0.21	$0.00	($0.08)	$0.00	($0.07)	$0.12	($0.07)	$0.01	$0.05
Adjusted Weighted Average Diluted Shares Outstanding	51.77M	53.15M	51.22M	51.40M	51.32M	51.46M	53.25M	53.03M	53.39M	53.36M
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	51.77M	51.21M	51.22M	51.33M	51.33M	51.99M	53.01M	53.21M	53.21M	53.28M
Normalized Net Operating Profit after Tax (NOPAT)	-5.95	6.31	-0.58	-4.87	-1.35	-0.74	3.26	-1.30	1.73	2.96
Normalized NOPAT Margin	-11.66%	6.63%	-0.75%	-7.02%	-1.46%	-0.78%	3.61%	-1.68%	2.09%	3.12%
Pre Tax Income Margin	-19.77%	13.98%	0.14%	-7.28%	-2.28%	-0.68%	6.49%	-4.07%	0.71%	4.76%
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
NOPAT to Interest Expense	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
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
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%
Augmented Payout Ratio	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

Below is a concise, investor-friendly read on AerSale (ASLE) based on the latest quarterly data across the last four years, focusing on revenue, margins, cash flow, and the balance sheet.

Revenue stability in 2024: Q4 2024 revenue was $94.741 million, essentially flat with Q4 2023 ($94.422 million), signaling stable top-line demand.
Gross margin expansion: Q4 2024 gross margin rose to about 31.4% (gross profit $29.745 million on $94.741 million revenue) versus ~25.9% in Q4 2023, reflecting improved profitability per sale.
Net income improvement: Q4 2024 net income attributable to common shareholders was $2.70 million (EPS $0.05), reversing Q4 2023’s loss of about $2.73 million.
Operating cash flow strength in Q4 2024: Net cash from continuing operating activities was about $37.54 million, contributing to a positive cash flow from operations trend across the latest four quarters.
Balance sheet strength: Total assets rose through 2024 to roughly $601.5 million (Q3 2024), with total equity around $451 million, creating a solid equity cushion vs. liabilities.
Debt management signal: A sizable debt repayment in Q4 2024 reduced leverage, improving the balance sheet’s debt serviceability ahead.
Earnings per share volatility: Quarterly EPS shows swings (Q4 2024 basic EPS $0.12? or $0.05; Q2 2024 under -$0.07; Q1 2024 around $0.12), indicating earnings volatility rather than a steady trend.
Liquidity profile remains modest: Cash and equivalents run low-to-moderate (example: ~$9.8 million in Q3 2024; ~$2.6 million in Q1 2024), suggesting liquidity may hinge on operating cash flow and financing activity.
Quarterly profitability variability: Some quarters show negative operating income (e.g., Q2 2024 and Q4 2023), underscoring cyclical pressure and the importance of quarterly timing for profitability.
Financing activity headwinds: Despite occasional debt issuances, the annual financing activity shows net cash outflows due to debt repayments and other financing activities, which can pressure near-term liquidity.

05/05/26 03:55 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About AerSale's Financials

When does AerSale's fiscal year end?

According to the most recent income statement we have on file, AerSale's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has AerSale's net income changed over the last 2 years?

AerSale's net income appears to be on a downward trend, with a most recent value of $5.85 million in 2024, falling from $43.86 million in 2022. The previous period was -$5.56 million in 2023. Find out what analysts predict for AerSale in the coming months.

What is AerSale's operating income?

AerSale's total operating income in 2024 was $9.74 million, based on the following breakdown:

Total Gross Profit: $103.94 million
Total Operating Expenses: $94.19 million

How has AerSale's revenue changed over the last 2 years?

Over the last 2 years, AerSale's total revenue changed from $408.54 million in 2022 to $345.07 million in 2024, a change of -15.5%.

How much debt does AerSale have?

AerSale's total liabilities were at $149.10 million at the end of 2024, a 36.9% increase from 2023, and a 72.2% increase since 2022.

How much cash does AerSale have?

In the past 2 years, AerSale's cash and equivalents has ranged from $4.70 million in 2024 to $147.19 million in 2022, and is currently $4.70 million as of their latest financial filing in 2024.

How has AerSale's book value per share changed over the last 2 years?

Over the last 2 years, AerSale's book value per share changed from 8.59 in 2022 to 8.56 in 2024, a change of -0.4%.

Related Companies

Financial statements for NASDAQ:ASLE last updated on 4/6/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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AerSale (ASLE) Financials

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