Air Lease (AL) Financials

$58.21 +0.28 (+0.48%)

Closing price 03:59 PM Eastern

Extended Trading

$57.03 -1.18 (-2.03%)

As of 04:08 PM Eastern

Annual Income Statements for Air Lease

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	372	573	-139	408	501	575	511	756	375	253
Consolidated Net Income / (Loss)	428	615	-97	437	516	587	511	756	375	253
Net Income / (Loss) Continuing Operations	428	615	-97	437	525	587	511	756	375	253
Total Pre-Tax Income	533	754	-139	541	647	736	640	610	580	393
Total Operating Income	1,370	1,463	407	1,054	1,121	1,170	983	897	866	659
Total Gross Profit	2,734	2,685	2,317	2,088	2,015	2,017	1,680	1,516	1,419	1,223
Total Revenue	2,734	2,685	2,317	2,088	2,015	2,017	1,680	1,516	1,419	1,223
Operating Revenue	2,734	2,685	2,317	2,088	2,015	2,017	1,680	1,516	1,419	1,223
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	1,364	1,222	1,910	1,034	894	847	697	619	553	564
Selling, General & Admin Expense	186	186	157	125	96	124	97	91	83	77
Depreciation Expense	1,144	1,069	966	883	781	703	582	508	453	398
Other Operating Expenses / (Income)	0.00	-67	771	0.00	-	-	-	-	-	-
Other Special Charges / (Income)	34	35	16	27	18	21	17	20	17	89
Total Other Income / (Expense), net	-837	-709	-546	-513	-466	-429	-343	-287	-286	-266
Interest Expense	782	655	493	462	432	397	310	258	286	266
Other Income / (Expense), net	-55	-54	-53	-51	-34	-31	-33	-29	-	-
Income Tax Expense	106	139	-42	104	130	149	129	-147	205	140
Preferred Stock Dividends Declared	56	42	42	28	15	12	0.00	-	-	-
Basic Earnings per Share	$3.34	$5.16	($1.24)	$3.58	$4.41	$5.14	$4.88	$7.33	$3.65	$2.47
Weighted Average Basic Shares Outstanding	111.33M	111.01M	111.63M	114.05M	113.68M	111.90M	104.72M	103.19M	102.80M	102.55M
Diluted Earnings per Share	$3.33	$5.14	($1.24)	$3.57	$4.39	$5.09	$4.60	$6.82	$3.44	$2.34
Weighted Average Diluted Shares Outstanding	111.87M	111.44M	111.63M	114.45M	114.01M	113.09M	112.36M	111.66M	110.80M	110.63M
Weighted Average Basic & Diluted Shares Outstanding	111.38M	111.03M	110.91M	114.05M	113.87M	113.35M	104.70M	103.20M	102.70M	102.60M
Cash Dividends to Common per Share	$0.85	$0.81	$0.76	$0.67	$0.61	$0.54	$0.43	$0.33	$0.23	$0.17

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	365	93	92	90	97	211	122	122	118	135	100
Consolidated Net Income / (Loss)	376	113	104	103	108	221	132	132	129	145	110
Net Income / (Loss) Continuing Operations	376	100	104	103	121	221	132	132	129	142	124
Total Pre-Tax Income	472	140	130	128	135	266	165	164	158	180	138
Total Operating Income	694	361	348	331	330	449	340	350	323	328	273
Total Gross Profit	738	713	690	667	663	717	659	673	636	602	561
Total Revenue	738	713	690	667	663	717	659	673	636	602	561
Operating Revenue	738	713	690	667	663	717	659	673	636	602	561
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	44	352	342	336	333	267	319	323	313	274	288
Selling, General & Admin Expense	59	48	44	45	48	50	43	46	48	46	40
Depreciation Expense	299	294	290	282	277	273	267	269	260	253	243
Other Special Charges / (Income)	-314	8.86	7.92	8.84	8.28	11	8.72	8.72	5.90	5.80	5.76
Total Other Income / (Expense), net	-223	-234	-217	-203	-182	-183	-175	-186	-165	-156	-122
Interest Expense	209	207	203	190	182	169	162	172	152	134	122
Other Income / (Expense), net	-14	-	-14	-13	-	-14	-14	-14	-13	-	-
Income Tax Expense	96	27	26	25	27	45	33	32	30	35	27
Preferred Stock Dividends Declared	11	20	12	13	10	10	10	10	10	10	10
Basic Earnings per Share	$3.27	$0.83	$0.82	$0.81	$0.88	$1.89	$1.10	$1.10	$1.07	$1.12	$0.90
Weighted Average Basic Shares Outstanding	111.55M	111.33M	111.38M	111.37M	111.17M	111.01M	111.03M	111.02M	110.94M	111.63M	110.89M
Diluted Earnings per Share	$3.26	$0.83	$0.82	$0.81	$0.87	$1.88	$1.10	$1.10	$1.06	$1.12	$0.90
Weighted Average Diluted Shares Outstanding	112.03M	111.87M	111.80M	111.74M	111.53M	111.44M	111.35M	111.24M	111.20M	111.63M	111.09M
Weighted Average Basic & Diluted Shares Outstanding	111.76M	111.38M	111.38M	111.38M	111.37M	111.03M	111.03M	111.03M	111.02M	110.91M	110.89M
Cash Dividends to Common per Share	$0.22	$0.22	$0.21	$0.21	$0.21	$0.21	$0.20	$0.20	$0.20	$0.20	$0.19

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	12	-316	-328	-649	1,420	15	15	17	118	-126
Net Cash From Operating Activities	1,677	1,747	1,382	1,377	1,090	1,392	1,254	1,060	1,020	840
Net Cash From Continuing Operating Activities	1,677	1,747	1,382	1,377	1,090	1,392	1,254	1,060	1,020	840
Net Income / (Loss) Continuing Operations	428	615	-97	437	516	587	511	756	375	253
Consolidated Net Income / (Loss)	428	615	-97	437	516	587	511	756	375	253
Depreciation Expense	1,144	1,069	966	883	781	703	582	508	453	398
Amortization Expense	157	129	101	97	86	70	57	49	49	31
Non-Cash Adjustments To Reconcile Net Income	-195	-261	674	-20	-21	-45	-2.26	-49	-60	-24
Changes in Operating Assets and Liabilities, net	144	195	-262	-20	-272	78	106	-204	203	182
Net Cash From Investing Activities	-3,036	-2,778	-3,404	-3,095	-2,527	-3,844	-3,385	-2,144	-2,006	-2,153
Net Cash From Continuing Investing Activities	-3,036	-2,778	-3,404	-3,095	-2,527	-3,844	-3,385	-2,144	-2,006	-2,153
Purchase of Property, Plant & Equipment	-4,561	-4,528	-3,640	-3,233	-2,678	-3,955	-2,800	-2,149	-2,994	-2,906
Sale of Property, Plant & Equipment	1,525	1,685	235	138	151	995	391	779	988	753
Other Investing Activities, net	0.00	65	0.00	0.00	-	-884	-976	-774	-	-
Net Cash From Financing Activities	1,371	716	1,694	1,068	2,857	2,467	2,145	1,102	1,103	1,187
Net Cash From Continuing Financing Activities	1,371	716	1,694	1,068	2,857	2,467	2,145	1,102	1,103	1,187
Repayment of Debt	-3,220	-2,606	-1,073	-3,205	-1,736	-990	-1,527	-1,309	-1,099	-333
Repurchase of Preferred Equity	-250	0.00	0.00	-	-	-	-	-	-	-
Repurchase of Common Equity	0.00	0.00	-150	-5.78	0.00	0.00	-	-	-	-
Payment of Dividends	-141	-130	-125	-101	-84	-70	-42	-31	-21	-16
Issuance of Debt	4,272	3,074	2,660	3,656	4,640	2,986	3,534	2,265	2,068	1,383
Issuance of Preferred Equity	295	0.00	0.00	591	0.00	242	0.00	-	-	-
Other Financing Activities, net	416	379	381	132	30	253	175	168	155	153
Cash Interest Paid	794	694	534	509	450	442	332	302	294	260
Cash Income Taxes Paid	57	7.80	6.36	5.73	30	17	4.26	5.50	1.23	-

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-15	11	9.69	-100	91	-51	-65	-121	-78	-337	83
Net Cash From Operating Activities	388	430	462	414	371	465	401	532	348	424	270
Net Cash From Continuing Operating Activities	388	430	462	414	371	465	401	532	348	424	270
Net Income / (Loss) Continuing Operations	376	113	104	103	108	221	132	132	129	145	110
Consolidated Net Income / (Loss)	376	113	104	103	108	221	132	132	129	145	110
Depreciation Expense	299	294	290	282	277	273	267	269	260	253	243
Amortization Expense	37	39	41	40	37	34	33	31	31	27	25
Non-Cash Adjustments To Reconcile Net Income	-383	-56	-43	-53	-43	-137	-47	-41	-36	-69	8.16
Changes in Operating Assets and Liabilities, net	60	40	70	42	-8.17	73	16	141	-36	68	-116
Net Cash From Investing Activities	-102	-358	-1,271	-776	-630	-1,110	-253	-142	-1,273	-689	-695
Net Cash From Continuing Investing Activities	-102	-358	-1,271	-776	-630	-1,110	-253	-142	-1,273	-689	-695
Purchase of Property, Plant & Equipment	-838	-999	-1,725	-1,007	-831	-1,291	-560	-1,382	-1,295	-882	-736
Sale of Property, Plant & Equipment	408	641	454	230	200	116	307	1,240	21	193	41
Other Investing Activities, net	329	-	-	-	-	-	-	-	-	-	-
Net Cash From Financing Activities	-302	-61	819	262	350	594	-213	-511	846	-72	509
Net Cash From Continuing Financing Activities	-302	-61	819	262	350	594	-213	-511	846	-72	509
Repayment of Debt	-1,479	-428	-271	-1,043	-1,479	-29	-1,260	-104	-1,213	260	-609
Payment of Dividends	-36	-36	-36	-36	-34	-33	-33	-33	-33	-31	-31
Issuance of Debt	1,118	544	703	1,243	1,781	532	1,004	-468	2,006	-408	1,050
Other Financing Activities, net	95	109	127	98	82	124	76	93	86	106	98
Cash Interest Paid	238	204	201	187	204	161	208	127	198	91	188
Cash Income Taxes Paid	0.04	35	1.43	18	3.03	1.55	0.68	2.00	3.57	0.55	2.25

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	32,278	30,452	28,397	26,969	25,215	21,709	18,482	15,614	13,976	12,355
Total Current Assets	473	0.00	766	0.00	0.00	0.00	300	13,280	12,042	10,813
Cash & Equivalents	473	-	766	-	-	-	300	-	-	-
Plant, Property, & Equipment, net	28,170	26,231	24,538	22,899	20,380	18,704	15,707	0.00	0.00	0.00
Plant, Property & Equipment, gross	34,169	31,787	29,467	27,102	23,730	21,286	17,985	-	-	-
Accumulated Depreciation	5,998	5,556	4,929	4,203	3,349	2,582	2,278	-	-	-
Total Noncurrent Assets	3,635	4,221	3,092	4,070	4,835	3,005	2,475	2,334	1,934	1,542
Other Noncurrent Operating Assets	3,635	3,757	3,092	2,961	3,077	2,667	2,452	2,026	1,643	1,368
Total Liabilities & Shareholders' Equity	32,278	30,452	28,397	26,969	25,215	21,709	18,482	15,614	13,976	12,355
Total Liabilities	24,745	23,292	21,750	19,960	19,143	16,086	13,675	11,487	10,593	9,335
Total Current Liabilities	1,273	1,164	697	612	492	516	382	309	257	216
Accounts Payable	1,273	1,164	697	612	492	516	382	309	257	216
Total Noncurrent Liabilities	23,472	22,128	21,053	19,348	18,650	15,569	13,293	11,178	10,337	9,119
Long-Term Debt	20,210	19,183	18,641	17,022	16,518	13,579	11,539	9,699	8,714	7,712
Noncurrent Deferred Revenue	137	144	148	139	143	144	120	105	99	91
Noncurrent Deferred & Payable Income Tax Liabilities	1,320	1,282	971	1,013	916	749	644	518	667	462
Other Noncurrent Operating Liabilities	1,805	1,520	1,294	1,174	1,073	1,097	991	856	856	853
Total Equity & Noncontrolling Interests	7,533	7,160	6,646	7,009	6,072	5,624	4,807	4,127	3,382	3,020
Total Preferred & Common Equity	7,533	7,160	6,646	7,009	6,072	5,624	4,807	4,127	3,382	3,020
Preferred Stock	0.01	0.11	0.11	0.11	0.10	0.10	0.00	0.00	0.00	0.00
Total Common Equity	7,533	7,160	6,646	7,008	6,072	5,623	4,807	4,126	3,381	3,019
Common Stock	3,366	3,288	3,257	3,400	2,794	2,779	2,475	2,260	2,238	2,227
Retained Earnings	4,147	3,870	3,387	3,610	3,278	2,846	2,332	1,866	1,143	792
Accumulated Other Comprehensive Income / (Loss)	20	1.78	2.36	-1.81	0.33	-1.40	-	-	-	-

This table presents Air Lease'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 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	32,362	32,154	31,018	30,912	29,672	29,758	29,363	28,224
Total Current Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Plant, Property, & Equipment, net	28,607	27,895	26,789	26,545	25,595	25,516	25,750	23,929
Plant, Property & Equipment, gross	34,875	33,853	32,643	32,274	30,961	30,624	30,925	28,656
Accumulated Depreciation	6,268	5,958	5,854	5,729	5,366	5,108	5,175	4,727
Total Noncurrent Assets	3,755	4,259	4,229	4,368	4,077	4,242	3,614	4,295
Long-Term Investments	461	465	456	556	516	580	702	1,117
Other Noncurrent Operating Assets	3,294	3,794	3,773	3,812	3,561	3,662	2,912	3,178
Total Liabilities & Shareholders' Equity	32,362	32,154	31,018	30,912	29,672	29,758	29,363	28,224
Total Liabilities	24,497	24,478	23,711	23,681	22,711	22,905	22,619	21,696
Total Current Liabilities	1,167	1,072	917	1,160	1,401	1,428	681	604
Accounts Payable	1,167	1,072	917	1,160	1,401	1,428	681	604
Total Noncurrent Liabilities	23,330	23,406	22,794	22,520	21,310	21,478	21,937	21,091
Long-Term Debt	19,891	20,162	19,679	19,480	18,646	18,896	19,448	18,769
Noncurrent Deferred Revenue	128	129	129	138	141	141	154	150
Noncurrent Deferred & Payable Income Tax Liabilities	1,412	1,358	1,332	1,308	1,062	1,030	999	937
Other Noncurrent Operating Liabilities	1,899	1,757	1,654	1,594	1,461	1,411	1,337	1,236
Total Equity & Noncontrolling Interests	7,865	7,676	7,307	7,232	6,961	6,853	6,745	6,528
Total Preferred & Common Equity	7,865	7,676	7,307	7,232	6,961	6,853	6,745	6,528
Preferred Stock	0.01	0.11	0.11	0.11	0.11	0.11	0.11	0.11
Total Common Equity	7,865	7,676	7,307	7,232	6,961	6,853	6,744	6,528
Common Stock	3,371	3,600	3,296	3,287	3,277	3,268	3,260	3,251
Retained Earnings	4,487	4,079	4,011	3,944	3,683	3,583	3,483	3,274
Accumulated Other Comprehensive Income / (Loss)	6.62	-3.11	0.15	0.66	1.39	1.52	1.82	2.94

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.81%	15.87%	10.96%	3.62%	-0.07%	20.08%	10.77%	6.86%	16.05%	16.41%
EBITDA Growth	0.34%	83.42%	-28.32%	1.46%	2.28%	20.22%	11.58%	4.15%	25.79%	10.98%
EBIT Growth	-6.62%	297.72%	-64.69%	-7.75%	-4.48%	19.82%	9.54%	0.12%	31.46%	7.11%
NOPAT Growth	-7.87%	318.25%	-66.47%	-4.98%	-4.09%	19.02%	-29.51%	98.74%	31.73%	6.51%
Net Income Growth	-30.41%	733.47%	-122.22%	-15.42%	-12.07%	14.93%	-32.44%	101.68%	47.96%	-1.02%
EPS Growth	-35.21%	514.52%	-134.73%	-18.68%	-13.75%	10.65%	-32.55%	98.26%	47.01%	-1.68%
Operating Cash Flow Growth	-4.00%	26.39%	0.39%	26.29%	-21.71%	11.03%	18.34%	3.89%	21.47%	9.20%
Free Cash Flow Firm Growth	-78.23%	87.48%	-5.96%	-15.46%	43.75%	-10.90%	-186.74%	12.57%	32.82%	-47.16%
Invested Capital Growth	5.38%	5.53%	6.97%	10.03%	10.44%	17.73%	18.53%	14.51%	11.80%	15.87%
Revenue Q/Q Growth	-0.13%	4.47%	-0.31%	6.08%	-2.87%	5.14%	3.16%	1.88%	3.18%	3.45%
EBITDA Q/Q Growth	-4.29%	3.79%	40.99%	-38.68%	76.74%	3.53%	1.38%	-1.30%	4.58%	4.18%
EBIT Q/Q Growth	-9.80%	5.02%	1,061.81%	-56.12%	322.90%	2.36%	-0.40%	-1.87%	3.48%	4.34%
NOPAT Q/Q Growth	-7.22%	10.15%	1,206.44%	-36.71%	18.19%	5.00%	-38.23%	95.47%	3.62%	4.22%
Net Income Q/Q Growth	-20.18%	14.06%	-7.14%	10.28%	-9.44%	4.73%	-39.44%	97.93%	4.48%	4.44%
EPS Q/Q Growth	-23.97%	17.35%	-11.71%	9.51%	-9.86%	3.67%	-39.31%	95.42%	4.56%	4.00%
Operating Cash Flow Q/Q Growth	-2.02%	2.40%	-1.70%	5.75%	-4.24%	2.72%	6.44%	4.90%	0.53%	7.06%
Free Cash Flow Firm Q/Q Growth	73.29%	-195.44%	30.14%	-16.47%	-261.27%	28.02%	-22.27%	-25.24%	8.69%	-31.54%
Invested Capital Q/Q Growth	-0.37%	3.14%	1.41%	2.67%	4.59%	0.00%	4.56%	6.88%	1.78%	2.44%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	95.68%	97.09%	61.33%	94.95%	96.97%	94.74%	94.63%	93.94%	96.39%	88.92%
Operating Margin	50.12%	54.47%	17.58%	50.47%	55.64%	57.99%	58.51%	59.15%	61.06%	53.90%
EBIT Margin	48.11%	52.46%	15.28%	48.03%	53.95%	56.45%	56.57%	57.21%	61.06%	53.90%
Profit (Net Income) Margin	15.65%	22.89%	-4.19%	20.91%	25.62%	29.11%	30.41%	49.87%	26.42%	20.72%
Tax Burden Percent	80.21%	81.55%	69.92%	80.71%	79.83%	79.81%	79.80%	124.05%	64.62%	64.48%
Interest Burden Percent	40.54%	53.50%	-39.18%	53.93%	59.47%	64.62%	67.37%	70.27%	66.97%	59.62%
Effective Tax Rate	19.79%	18.45%	0.00%	19.29%	20.17%	20.19%	20.20%	-24.05%	35.38%	35.52%
Return on Invested Capital (ROIC)	4.14%	4.73%	1.20%	3.89%	4.51%	5.35%	5.31%	8.79%	5.01%	4.32%
ROIC Less NNEP Spread (ROIC-NNEP)	0.64%	1.57%	-1.06%	1.19%	1.80%	2.52%	2.66%	4.79%	2.69%	1.85%
Return on Net Nonoperating Assets (RNNOA)	1.69%	4.17%	-2.62%	2.79%	4.32%	5.91%	6.13%	11.35%	6.71%	4.43%
Return on Equity (ROE)	5.82%	8.90%	-1.42%	6.68%	8.83%	11.26%	11.44%	20.14%	11.71%	8.75%
Cash Return on Invested Capital (CROIC)	-1.10%	-0.65%	-5.54%	-5.66%	-5.41%	-10.94%	-11.65%	-4.74%	-6.14%	-10.39%
Operating Return on Assets (OROA)	4.19%	4.79%	1.28%	3.84%	4.63%	5.67%	5.57%	5.86%	6.58%	5.72%
Return on Assets (ROA)	1.36%	2.09%	-0.35%	1.67%	2.20%	2.92%	3.00%	5.11%	2.85%	2.20%
Return on Common Equity (ROCE)	5.82%	8.90%	-1.42%	6.68%	8.83%	11.26%	11.43%	20.13%	11.71%	8.75%
Return on Equity Simple (ROE_SIMPLE)	5.68%	8.58%	-1.46%	6.23%	8.50%	10.44%	10.63%	18.32%	11.09%	8.39%
Net Operating Profit after Tax (NOPAT)	1,099	1,193	285	851	895	933	784	1,113	560	425
NOPAT Margin	40.20%	44.43%	12.31%	40.73%	44.42%	46.28%	46.70%	73.38%	39.45%	34.76%
Net Nonoperating Expense Percent (NNEP)	3.49%	3.16%	2.26%	2.70%	2.71%	2.83%	2.65%	4.00%	2.32%	2.47%
Return On Investment Capital (ROIC_SIMPLE)	3.96%	4.53%	1.13%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	6.80%	6.93%	6.77%	6.00%	4.75%	6.13%	5.80%	6.02%	5.85%	6.29%
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	49.88%	45.53%	82.42%	49.53%	44.36%	42.01%	41.49%	40.85%	38.94%	46.10%
Earnings before Interest and Taxes (EBIT)	1,315	1,409	354	1,003	1,087	1,138	950	867	866	659
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,616	2,607	1,421	1,983	1,954	1,911	1,589	1,425	1,368	1,087
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.71	0.64	0.62	0.69	0.78	0.87	0.59	1.07	0.92	0.99
Price to Tangible Book Value (P/TBV)	0.71	0.64	0.62	0.69	0.78	0.87	0.59	1.07	0.92	0.99
Price to Revenue (P/Rev)	1.96	1.70	1.77	2.30	2.35	2.42	1.69	2.92	2.20	2.44
Price to Earnings (P/E)	14.43	7.98	0.00	11.76	9.47	8.50	5.54	5.85	8.33	11.79
Dividend Yield	1.76%	1.97%	2.04%	1.58%	1.46%	1.24%	1.58%	0.76%	0.74%	0.58%
Earnings Yield	6.93%	12.53%	0.00%	8.50%	10.56%	11.76%	18.04%	17.08%	12.01%	8.48%
Enterprise Value to Invested Capital (EV/IC)	0.92	0.90	0.90	0.90	0.94	0.96	0.88	1.02	0.98	1.00
Enterprise Value to Revenue (EV/Rev)	9.18	8.67	9.48	9.92	9.68	8.99	8.36	9.11	8.14	8.61
Enterprise Value to EBITDA (EV/EBITDA)	9.60	8.93	15.46	10.45	9.98	9.49	8.84	9.70	8.44	9.68
Enterprise Value to EBIT (EV/EBIT)	19.09	16.54	62.05	20.65	17.93	15.93	14.79	15.93	13.33	15.97
Enterprise Value to NOPAT (EV/NOPAT)	22.85	19.53	77.05	24.35	21.78	19.42	17.91	12.42	20.62	24.77
Enterprise Value to Operating Cash Flow (EV/OCF)	14.97	13.33	15.90	15.05	17.89	13.02	11.20	13.04	11.32	12.53
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.68	2.68	2.80	2.43	2.72	2.41	2.40	2.35	2.58	2.55
Long-Term Debt to Equity	2.68	2.68	2.80	2.43	2.72	2.41	2.40	2.35	2.58	2.55
Financial Leverage	2.62	2.65	2.47	2.35	2.39	2.34	2.31	2.37	2.49	2.40
Leverage Ratio	4.27	4.26	4.05	3.99	4.01	3.85	3.82	3.94	4.11	3.98
Compound Leverage Factor	1.73	2.28	-1.59	2.15	2.39	2.49	2.57	2.77	2.75	2.37
Debt to Total Capital	72.85%	72.82%	73.72%	70.84%	73.12%	70.71%	70.59%	70.15%	72.04%	71.86%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	72.85%	72.82%	73.72%	70.84%	73.12%	70.71%	70.59%	70.15%	72.04%	71.86%
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	27.15%	27.18%	26.28%	29.16%	26.88%	29.29%	29.41%	29.84%	27.95%	28.13%
Debt to EBITDA	7.73	7.36	13.12	8.58	8.45	7.11	7.26	6.81	6.37	7.09
Net Debt to EBITDA	7.55	7.18	12.58	8.03	7.55	6.93	7.06	6.59	6.16	6.93
Long-Term Debt to EBITDA	7.73	7.36	13.12	8.58	8.45	7.11	7.26	6.81	6.37	7.09
Debt to NOPAT	18.39	16.08	65.36	20.01	18.45	14.55	14.71	8.72	15.56	18.15
Net Debt to NOPAT	17.96	15.69	62.68	18.71	16.49	14.18	14.30	8.44	15.05	17.74
Long-Term Debt to NOPAT	18.39	16.08	65.36	20.01	18.45	14.55	14.71	8.72	15.56	18.15
Altman Z-Score	0.50	0.49	0.41	0.50	0.53	0.60	0.56	1.68	1.61	1.59
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.03%	0.03%	0.03%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.37	0.00	1.10	0.00	0.00	0.00	0.79	42.95	46.90	50.07
Quick Ratio	0.37	0.00	1.10	0.00	0.00	0.00	0.79	0.00	0.00	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-293	-164	-1,313	-1,239	-1,073	-1,908	-1,721	-600	-686	-1,022
Operating Cash Flow to CapEx	55.23%	61.44%	40.60%	44.49%	43.14%	47.05%	52.07%	77.35%	50.86%	39.01%
Free Cash Flow to Firm to Interest Expense	-0.37	-0.25	-2.66	-2.68	-2.49	-4.80	-5.55	-2.33	-2.40	-3.84
Operating Cash Flow to Interest Expense	2.14	2.67	2.80	2.98	2.53	3.50	4.05	4.11	3.56	3.16
Operating Cash Flow Less CapEx to Interest Expense	-1.74	-1.67	-4.10	-3.72	-3.33	-3.94	-3.72	-1.20	-3.44	-4.93
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.09	0.09	0.08	0.08	0.09	0.10	0.10	0.10	0.11	0.11
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.10	0.11	0.10	0.10	0.10	0.12	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	27,270	25,878	24,521	22,923	20,833	18,864	16,023	13,518	11,805	10,559
Invested Capital Turnover	0.10	0.11	0.10	0.10	0.10	0.12	0.11	0.12	0.13	0.12
Increase / (Decrease) in Invested Capital	1,392	1,357	1,598	2,090	1,969	2,842	2,505	1,713	1,246	1,447
Enterprise Value (EV)	25,107	23,291	21,974	20,716	19,502	18,131	14,048	13,817	11,546	10,526
Market Capitalization	5,369	4,573	4,100	4,801	4,741	4,890	2,832	4,427	3,123	2,987
Book Value per Share	$67.63	$64.49	$59.93	$61.48	$53.37	$49.90	$46.19	$39.97	$32.88	$29.72
Tangible Book Value per Share	$67.63	$64.49	$59.93	$61.48	$53.37	$49.90	$46.19	$39.97	$32.88	$29.72
Total Capital	27,743	26,343	25,287	24,031	22,591	19,202	16,346	13,826	12,096	10,732
Total Debt	20,210	19,183	18,641	17,022	16,518	13,579	11,539	9,699	8,714	7,712
Total Long-Term Debt	20,210	19,183	18,641	17,022	16,518	13,579	11,539	9,699	8,714	7,712
Net Debt	19,737	18,718	17,875	15,914	14,761	13,241	11,216	9,391	8,423	7,539
Capital Expenditures (CapEx)	3,036	2,843	3,404	3,095	2,527	2,960	2,409	1,370	2,006	2,153
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,273	-1,164	-697	-612	-492	-516	-382	12,971	11,785	10,597
Debt-free Net Working Capital (DFNWC)	-800	-1,164	70	-612	-492	-516	-82	12,971	11,785	10,597
Net Working Capital (NWC)	-800	-1,164	70	-612	-492	-516	-82	12,971	11,785	10,597
Net Nonoperating Expense (NNE)	671	578	382	414	379	346	274	356	185	172
Net Nonoperating Obligations (NNO)	19,737	18,718	17,875	15,914	14,761	13,241	11,216	9,391	8,423	7,539
Total Depreciation and Amortization (D&A)	1,300	1,198	1,067	980	867	772	639	557	501	428
Debt-free, Cash-free Net Working Capital to Revenue	-46.57%	-43.36%	-30.07%	-29.29%	-24.44%	-25.61%	-22.75%	855.40%	830.49%	866.63%
Debt-free Net Working Capital to Revenue	-29.28%	-43.36%	3.00%	-29.29%	-24.44%	-25.61%	-4.88%	855.40%	830.49%	866.63%
Net Working Capital to Revenue	-29.28%	-43.36%	3.00%	-29.29%	-24.44%	-25.61%	-4.88%	855.40%	830.49%	866.63%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.34	$5.16	($1.24)	$3.58	$4.41	$5.14	$4.88	$7.33	$3.65	$2.47
Adjusted Weighted Average Basic Shares Outstanding	111.33M	111.01M	111.63M	114.05M	113.68M	111.90M	104.72M	103.19M	102.80M	102.55M
Adjusted Diluted Earnings per Share	$3.33	$5.14	($1.24)	$3.57	$4.39	$5.09	$4.60	$6.82	$3.44	$2.34
Adjusted Weighted Average Diluted Shares Outstanding	111.87M	111.44M	111.63M	114.45M	114.01M	113.09M	112.36M	111.66M	110.80M	110.63M
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	111.38M	111.03M	110.91M	114.05M	113.87M	113.35M	110.95M	103.62M	102.84M	205.17M
Normalized Net Operating Profit after Tax (NOPAT)	1,126	1,221	296	872	909	950	798	642	571	482
Normalized NOPAT Margin	41.19%	45.48%	12.78%	41.76%	45.12%	47.10%	47.53%	42.32%	40.22%	39.45%
Pre Tax Income Margin	19.51%	28.07%	-5.99%	25.91%	32.09%	36.48%	38.11%	40.20%	40.89%	32.13%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.68	2.15	0.72	2.17	2.52	2.87	3.06	3.36	3.03	2.48
NOPAT to Interest Expense	1.41	1.82	0.58	1.84	2.07	2.35	2.53	4.31	1.96	1.60
EBIT Less CapEx to Interest Expense	-2.20	-2.19	-6.19	-4.52	-3.33	-4.58	-4.70	-1.95	-3.98	-5.61
NOPAT Less CapEx to Interest Expense	-2.48	-2.52	-6.33	-4.85	-3.78	-5.10	-5.24	-1.00	-5.05	-6.49
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	33.02%	21.23%	-128.79%	23.24%	16.19%	11.92%	8.14%	4.09%	5.48%	6.47%
Augmented Payout Ratio	33.02%	21.23%	-283.39%	24.56%	16.19%	11.92%	8.14%	4.09%	5.48%	6.47%

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.30%	-0.51%	4.67%	-0.83%	4.27%	19.11%	17.46%	20.66%	6.62%	-1.19%	8.05%
EBITDA Growth	60.85%	-6.53%	6.02%	0.50%	7.26%	22.29%	15.98%	24.03%	376.36%	392.96%	-25.44%
EBIT Growth	114.64%	-17.06%	2.00%	-5.47%	6.45%	32.82%	19.55%	32.34%	164.70%	344.64%	-42.56%
NOPAT Growth	110.29%	-21.82%	1.57%	-5.55%	0.15%	40.98%	24.85%	26.95%	179.63%	382.33%	-43.83%
Net Income Growth	248.42%	-48.92%	-21.50%	-22.25%	-16.20%	52.12%	19.99%	13.87%	127.45%	-4.26%	2.84%
EPS Growth	274.71%	-55.85%	-25.45%	-26.36%	-17.92%	67.86%	22.22%	15.79%	125.18%	-10.40%	3.45%
Operating Cash Flow Growth	4.58%	-7.45%	15.07%	-22.28%	6.55%	9.68%	48.82%	22.63%	36.83%	-5.33%	-17.45%
Free Cash Flow Firm Growth	-45.79%	-11.79%	-214.34%	4.18%	84.20%	26.20%	61.01%	32.22%	-45.89%	38.92%	19.00%
Invested Capital Growth	4.36%	5.38%	9.09%	5.41%	2.61%	5.53%	3.77%	6.01%	12.38%	6.97%	8.30%
Revenue Q/Q Growth	3.56%	3.29%	3.43%	0.60%	-7.43%	8.68%	-2.01%	5.78%	5.74%	7.18%	0.65%
EBITDA Q/Q Growth	46.33%	4.48%	3.95%	-0.85%	-16.25%	18.51%	-1.47%	5.82%	-1.04%	12.40%	5.37%
EBIT Q/Q Growth	88.27%	8.40%	4.90%	-3.72%	-28.67%	33.30%	-2.78%	8.42%	-5.47%	19.98%	7.62%
NOPAT Q/Q Growth	89.76%	5.02%	4.05%	1.42%	-29.46%	36.45%	-3.25%	7.54%	-0.69%	20.83%	-1.62%
Net Income Q/Q Growth	232.83%	8.61%	1.00%	-4.56%	-51.20%	66.89%	0.04%	2.86%	-11.42%	31.64%	-5.07%
EPS Q/Q Growth	292.77%	1.22%	1.23%	-6.90%	-53.72%	70.91%	0.00%	3.77%	-5.36%	24.44%	-5.26%
Operating Cash Flow Q/Q Growth	-9.68%	-6.92%	11.62%	11.44%	-20.07%	15.74%	-24.61%	52.78%	-17.73%	57.04%	-37.87%
Free Cash Flow Firm Q/Q Growth	46.71%	45.08%	-82.82%	-172.47%	59.29%	-54.44%	44.27%	55.07%	-90.87%	18.42%	3.12%
Invested Capital Q/Q Growth	0.09%	-0.37%	3.17%	1.43%	1.06%	3.14%	-0.31%	-1.27%	3.95%	1.41%	1.85%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	137.61%	97.39%	96.28%	95.80%	97.20%	103.66%	95.06%	94.53%	94.49%	100.97%	96.27%
Operating Margin	94.03%	50.68%	50.38%	49.61%	49.76%	62.71%	51.64%	51.98%	50.77%	54.51%	48.70%
EBIT Margin	92.14%	50.68%	48.30%	47.62%	49.76%	60.79%	49.56%	49.95%	48.74%	54.51%	48.70%
Profit (Net Income) Margin	50.91%	15.84%	15.06%	15.43%	16.26%	30.85%	20.09%	19.68%	20.23%	24.15%	19.66%
Tax Burden Percent	79.68%	80.68%	79.84%	80.59%	79.71%	82.98%	80.26%	80.76%	81.33%	80.65%	80.08%
Interest Burden Percent	69.34%	38.74%	39.07%	40.20%	41.00%	61.16%	50.50%	48.78%	51.05%	54.94%	50.43%
Effective Tax Rate	20.32%	19.32%	20.16%	19.41%	20.29%	17.02%	19.74%	19.24%	18.67%	19.35%	19.92%
Return on Invested Capital (ROIC)	7.87%	4.21%	4.20%	4.19%	4.17%	5.54%	4.32%	4.24%	4.04%	4.29%	3.90%
ROIC Less NNEP Spread (ROIC-NNEP)	6.95%	3.28%	3.28%	3.31%	3.34%	4.71%	3.54%	3.40%	3.28%	3.59%	3.25%
Return on Net Nonoperating Assets (RNNOA)	17.66%	8.58%	8.47%	8.78%	9.01%	12.50%	9.38%	9.11%	8.76%	8.88%	8.27%
Return on Equity (ROE)	25.53%	12.79%	12.67%	12.97%	13.17%	18.04%	13.70%	13.36%	12.80%	13.18%	12.17%
Cash Return on Invested Capital (CROIC)	0.93%	-1.10%	-4.18%	-0.71%	2.05%	-0.65%	0.70%	-1.63%	-7.64%	-5.54%	-8.08%
Operating Return on Assets (OROA)	8.18%	4.42%	4.28%	4.24%	4.48%	5.55%	4.40%	4.30%	4.08%	4.56%	4.10%
Return on Assets (ROA)	4.52%	1.38%	1.33%	1.37%	1.46%	2.81%	1.78%	1.69%	1.70%	2.02%	1.66%
Return on Common Equity (ROCE)	25.53%	12.79%	12.67%	12.97%	13.17%	18.04%	13.70%	13.35%	12.80%	13.18%	12.17%
Return on Equity Simple (ROE_SIMPLE)	8.84%	0.00%	6.98%	7.72%	8.21%	0.00%	7.74%	7.54%	7.42%	0.00%	-1.39%
Net Operating Profit after Tax (NOPAT)	553	292	278	267	263	373	273	282	263	264	219
NOPAT Margin	74.93%	40.89%	40.22%	39.98%	39.66%	52.04%	41.45%	41.98%	41.29%	43.96%	39.00%
Net Nonoperating Expense Percent (NNEP)	0.92%	0.93%	0.92%	0.87%	0.82%	0.83%	0.79%	0.84%	0.76%	0.71%	0.65%
Return On Investment Capital (ROIC_SIMPLE)	1.99%	1.05%	-	-	-	1.42%	-	-	-	1.05%	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	8.04%	6.78%	6.44%	6.81%	7.20%	6.95%	6.49%	6.81%	7.48%	7.62%	7.08%
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	5.97%	49.32%	49.62%	50.39%	50.24%	37.29%	48.36%	48.02%	49.23%	45.49%	51.30%
Earnings before Interest and Taxes (EBIT)	680	361	333	318	330	436	327	336	310	328	273
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,016	694	665	639	645	743	627	636	601	607	540
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.68	0.71	0.66	0.72	0.79	0.64	0.62	0.67	0.63	0.62	0.51
Price to Tangible Book Value (P/TBV)	0.68	0.71	0.66	0.72	0.79	0.64	0.62	0.67	0.63	0.62	0.51
Price to Revenue (P/Rev)	1.92	1.96	1.84	1.96	2.10	1.70	1.67	1.84	1.81	1.77	1.43
Price to Earnings (P/E)	8.42	14.43	10.29	10.17	10.30	7.98	8.64	9.59	9.29	0.00	0.00
Dividend Yield	1.78%	1.76%	1.85%	1.75%	1.60%	1.97%	2.07%	1.91%	2.00%	2.04%	2.47%
Earnings Yield	11.88%	6.93%	9.72%	9.83%	9.71%	12.53%	11.58%	10.42%	10.77%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.91	0.92	0.90	0.92	0.94	0.90	0.89	0.91	0.90	0.90	0.87
Enterprise Value to Revenue (EV/Rev)	8.83	9.18	9.04	9.06	9.07	8.67	8.73	9.25	9.76	9.48	9.02
Enterprise Value to EBITDA (EV/EBITDA)	8.27	9.60	9.05	9.10	9.14	8.93	8.93	9.75	10.35	15.46	20.81
Enterprise Value to EBIT (EV/EBIT)	14.78	19.09	16.97	16.90	16.75	16.54	16.72	18.92	20.42	62.05	0.00
Enterprise Value to NOPAT (EV/NOPAT)	17.88	22.85	20.89	20.79	20.61	19.53	20.71	22.24	23.76	77.05	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	14.65	14.97	14.45	14.85	13.91	13.33	13.14	14.53	15.59	15.90	14.92
Enterprise Value to Free Cash Flow (EV/FCFF)	100.10	0.00	0.00	0.00	46.52	0.00	130.18	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.53	2.68	2.63	2.69	2.69	2.68	2.68	2.76	2.88	2.80	2.88
Long-Term Debt to Equity	2.53	2.68	2.63	2.69	2.69	2.68	2.68	2.76	2.88	2.80	2.88
Financial Leverage	2.54	2.62	2.58	2.65	2.70	2.65	2.65	2.68	2.67	2.47	2.55
Leverage Ratio	4.19	4.27	4.22	4.29	4.31	4.26	4.29	4.32	4.29	4.05	4.21
Compound Leverage Factor	2.91	1.65	1.65	1.73	1.77	2.61	2.17	2.11	2.19	2.23	2.12
Debt to Total Capital	71.66%	72.85%	72.43%	72.92%	72.93%	72.82%	72.82%	73.39%	74.25%	73.72%	74.19%
Short-Term Debt 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%
Long-Term Debt to Total Capital	71.66%	72.85%	72.43%	72.92%	72.93%	72.82%	72.82%	73.39%	74.25%	73.72%	74.19%
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	28.34%	27.15%	27.57%	27.08%	27.07%	27.18%	27.18%	26.61%	25.75%	26.28%	25.81%
Debt to EBITDA	6.63	7.73	7.38	7.30	7.24	7.36	7.42	8.05	8.75	13.12	18.62
Net Debt to EBITDA	6.48	7.55	7.21	7.13	7.03	7.18	7.22	7.81	8.43	12.58	17.51
Long-Term Debt to EBITDA	6.63	7.73	7.38	7.30	7.24	7.36	7.42	8.05	8.75	13.12	18.62
Debt to NOPAT	14.34	18.39	17.02	16.69	16.31	16.08	17.22	18.37	20.08	65.36	-728.18
Net Debt to NOPAT	14.00	17.96	16.63	16.31	15.85	15.69	16.74	17.81	19.36	62.68	-684.84
Long-Term Debt to NOPAT	14.34	18.39	17.02	16.69	16.31	16.08	17.22	18.37	20.08	65.36	-728.18
Altman Z-Score	0.44	0.40	0.38	0.40	0.40	0.39	0.35	0.35	0.37	0.40	0.34
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	0.00	0.37	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.10	0.00
Quick Ratio	0.00	0.37	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.10	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-586	-1,100	-2,003	-1,096	-402	-984	-637	-1,144	-2,546	-1,334	-1,635
Operating Cash Flow to CapEx	90.16%	120.06%	36.33%	53.29%	58.91%	39.56%	158.54%	374.61%	27.37%	61.51%	38.80%
Free Cash Flow to Firm to Interest Expense	-2.81	-5.31	-9.86	-5.77	-2.21	-5.81	-3.94	-6.64	-16.79	-9.93	-13.36
Operating Cash Flow to Interest Expense	1.86	2.07	2.27	2.18	2.04	2.74	2.48	3.09	2.30	3.15	2.20
Operating Cash Flow Less CapEx to Interest Expense	-0.20	0.35	-3.99	-1.91	-1.43	-4.19	0.92	2.27	-6.10	-1.97	-3.48
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.08	0.08	0.08
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.10	0.10	0.10	0.10	0.10	0.11	0.10	0.10	0.10	0.10	0.10
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	27,295	27,270	27,372	26,531	26,156	25,878	25,091	25,168	25,491	24,521	24,181
Invested Capital Turnover	0.11	0.10	0.10	0.10	0.11	0.11	0.10	0.10	0.10	0.10	0.10
Increase / (Decrease) in Invested Capital	1,140	1,392	2,281	1,363	665	1,357	911	1,426	2,808	1,598	1,854
Enterprise Value (EV)	24,811	25,107	24,741	24,517	24,610	23,291	22,423	22,873	23,009	21,974	20,975
Market Capitalization	5,381	5,369	5,044	5,293	5,686	4,573	4,293	4,558	4,262	4,100	3,322
Book Value per Share	$70.62	$67.63	$68.92	$65.61	$65.05	$64.49	$62.70	$61.73	$60.81	$59.93	$58.87
Tangible Book Value per Share	$70.62	$67.63	$68.92	$65.61	$65.05	$64.49	$62.70	$61.73	$60.81	$59.93	$58.87
Total Capital	27,756	27,743	27,838	26,986	26,712	26,343	25,607	25,748	26,192	25,287	25,297
Total Debt	19,891	20,210	20,162	19,679	19,480	19,183	18,646	18,896	19,448	18,641	18,769
Total Long-Term Debt	19,891	20,210	20,162	19,679	19,480	19,183	18,646	18,896	19,448	18,641	18,769
Net Debt	19,430	19,737	19,697	19,223	18,924	18,718	18,130	18,315	18,746	17,875	17,652
Capital Expenditures (CapEx)	431	358	1,271	776	630	1,174	253	142	1,273	689	695
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,167	-1,273	-1,072	-917	-1,160	-1,164	-1,401	-1,428	-681	-697	-604
Debt-free Net Working Capital (DFNWC)	-1,167	-800	-1,072	-917	-1,160	-1,164	-1,401	-1,428	-681	70	-604
Net Working Capital (NWC)	-1,167	-800	-1,072	-917	-1,160	-1,164	-1,401	-1,428	-681	70	-604
Net Nonoperating Expense (NNE)	177	179	174	164	155	152	141	150	134	119	109
Net Nonoperating Obligations (NNO)	19,430	19,737	19,697	19,223	18,924	18,718	18,130	18,315	18,746	17,875	17,652
Total Depreciation and Amortization (D&A)	336	333	331	322	315	307	300	300	291	279	267
Debt-free, Cash-free Net Working Capital to Revenue	-41.56%	-46.57%	-39.16%	-33.88%	-42.78%	-43.36%	-54.51%	-57.75%	-28.90%	-30.07%	-26.00%
Debt-free Net Working Capital to Revenue	-41.56%	-29.28%	-39.16%	-33.88%	-42.78%	-43.36%	-54.51%	-57.75%	-28.90%	3.00%	-26.00%
Net Working Capital to Revenue	-41.56%	-29.28%	-39.16%	-33.88%	-42.78%	-43.36%	-54.51%	-57.75%	-28.90%	3.00%	-26.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.27	$0.83	$0.82	$0.81	$0.88	$1.89	$1.10	$1.10	$1.07	$1.12	$0.90
Adjusted Weighted Average Basic Shares Outstanding	111.55M	111.33M	111.38M	111.37M	111.17M	111.01M	111.03M	111.02M	110.94M	111.63M	110.89M
Adjusted Diluted Earnings per Share	$3.26	$0.83	$0.82	$0.81	$0.87	$1.88	$1.10	$1.10	$1.06	$1.12	$0.90
Adjusted Weighted Average Diluted Shares Outstanding	112.03M	111.87M	111.80M	111.74M	111.53M	111.44M	111.35M	111.24M	111.20M	111.63M	111.09M
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	111.76M	111.38M	111.38M	111.38M	111.37M	111.03M	111.03M	111.03M	111.02M	110.91M	110.89M
Normalized Net Operating Profit after Tax (NOPAT)	303	299	284	274	270	382	280	290	267	269	224
Normalized NOPAT Margin	41.00%	41.89%	41.14%	41.05%	40.65%	53.35%	42.51%	43.02%	42.04%	44.74%	39.82%
Pre Tax Income Margin	63.89%	19.63%	18.87%	19.14%	20.40%	37.18%	25.03%	24.36%	24.88%	29.95%	24.56%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.26	1.74	1.64	1.67	1.82	2.57	2.02	1.95	2.04	2.44	2.23
NOPAT to Interest Expense	2.65	1.41	1.37	1.40	1.45	2.20	1.69	1.64	1.73	1.97	1.79
EBIT Less CapEx to Interest Expense	1.20	0.02	-4.62	-2.41	-1.65	-4.36	0.46	1.13	-6.35	-2.69	-3.45
NOPAT Less CapEx to Interest Expense	0.59	-0.32	-4.89	-2.68	-2.02	-4.73	0.12	0.82	-6.67	-3.16	-3.89
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	20.57%	33.02%	25.75%	23.90%	22.17%	21.23%	23.90%	24.60%	25.17%	-128.79%	-134.44%
Augmented Payout Ratio	20.57%	33.02%	25.75%	23.90%	22.17%	21.23%	23.90%	24.60%	25.17%	-283.39%	-300.09%

Frequently Asked Questions About Air Lease's Financials

When does Air Lease's financial year end?

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

How has Air Lease's net income changed over the last 9 years?

In the past 9 years, Air Lease's net income has ranged from -$97.02 million in 2022 to $756.15 million in 2017, and is currently $427.70 million as of their latest financial filing in 2024. See where experts think Air Lease is headed by visiting Air Lease's forecast page.

What is Air Lease's operating income?

Air Lease's total operating income in 2024 was $1.37 billion, based on the following breakdown:

Total Gross Profit: $2.73 billion
Total Operating Expenses: $1.36 billion

How has Air Lease revenue changed over the last 9 years?

Over the last 9 years, Air Lease's total revenue changed from $1.22 billion in 2015 to $2.73 billion in 2024, a change of 123.5%.

How much debt does Air Lease have?

Air Lease's total liabilities were at $24.75 billion at the end of 2024, a 6.2% increase from 2023, and a 165.1% increase since 2015.

How much cash does Air Lease have?

In the past 9 years, Air Lease's cash and equivalents has ranged from $0.00 in 2015 to $766.42 million in 2022, and is currently $472.55 million as of their latest financial filing in 2024.

How has Air Lease's book value per share changed over the last 9 years?

Over the last 9 years, Air Lease's book value per share changed from 29.72 in 2015 to 67.63 in 2024, a change of 127.6%.

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This page (NYSE:AL) was last updated on 5/29/2025 by MarketBeat.com Staff

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Air Lease (AL) Financials

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Air Lease (AL) Financials

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