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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and AerSale Corp (ASLE). Click either name above to swap in a different company.
American Assets Trust, Inc. is the larger business by last-quarter revenue ($110.6M vs $90.9M, roughly 1.2× AerSale Corp). American Assets Trust, Inc. runs the higher net margin — 6.1% vs 5.9%, a 0.2% gap on every dollar of revenue. On growth, American Assets Trust, Inc. posted the faster year-over-year revenue change (1.8% vs -4.0%). Over the past eight quarters, AerSale Corp's revenue compounded faster (0.2% CAGR vs -0.1%).
Personal Assets Trust is a large British investment trust. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The chairman is Iain Ferguson CBE.
AerSale, Inc. is a Doral, Florida-based global supplier of aftermarket commercial jet aircraft, engines, used materials, and aeronautical engineering services to passenger and cargo airlines, government, multinational original equipment manufacturers, and independent MROs. AerSale is a member of the Aircraft Fleet Recycling Association.
AAT vs ASLE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $110.6M | $90.9M |
| Net Profit | $6.7M | $5.4M |
| Gross Margin | — | 34.1% |
| Operating Margin | 23.4% | 7.8% |
| Net Margin | 6.1% | 5.9% |
| Revenue YoY | 1.8% | -4.0% |
| Net Profit YoY | -16.3% | 99.7% |
| EPS (diluted) | $0.08 | $0.10 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $110.6M | — | ||
| Q4 25 | $110.1M | $90.9M | ||
| Q3 25 | $109.6M | $71.2M | ||
| Q2 25 | $107.9M | $107.4M | ||
| Q1 25 | $108.6M | $65.8M | ||
| Q4 24 | $113.5M | $94.7M | ||
| Q3 24 | $122.8M | $82.7M | ||
| Q2 24 | $110.9M | $77.1M |
| Q1 26 | $6.7M | — | ||
| Q4 25 | — | $5.4M | ||
| Q3 25 | $4.5M | $-120.0K | ||
| Q2 25 | $5.5M | $8.6M | ||
| Q1 25 | $42.5M | $-5.3M | ||
| Q4 24 | — | $2.7M | ||
| Q3 24 | $16.7M | $509.0K | ||
| Q2 24 | $11.9M | $-3.6M |
| Q1 26 | — | — | ||
| Q4 25 | 59.4% | 34.1% | ||
| Q3 25 | 60.5% | 30.2% | ||
| Q2 25 | 62.6% | 32.9% | ||
| Q1 25 | 62.0% | 27.3% | ||
| Q4 24 | 61.3% | 31.4% | ||
| Q3 24 | 65.5% | 28.6% | ||
| Q2 24 | 63.6% | 28.2% |
| Q1 26 | 23.4% | — | ||
| Q4 25 | 21.1% | 7.8% | ||
| Q3 25 | 22.6% | 4.0% | ||
| Q2 25 | 24.1% | 11.7% | ||
| Q1 25 | 66.3% | -10.1% | ||
| Q4 24 | 26.5% | 5.2% | ||
| Q3 24 | 30.8% | 2.4% | ||
| Q2 24 | 27.8% | -2.4% |
| Q1 26 | 6.1% | — | ||
| Q4 25 | — | 5.9% | ||
| Q3 25 | 4.1% | -0.2% | ||
| Q2 25 | 5.1% | 8.0% | ||
| Q1 25 | 39.2% | -8.0% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | 13.6% | 0.6% | ||
| Q2 24 | 10.7% | -4.7% |
| Q1 26 | $0.08 | — | ||
| Q4 25 | $0.06 | $0.10 | ||
| Q3 25 | $0.07 | $0.00 | ||
| Q2 25 | $0.09 | $0.18 | ||
| Q1 25 | $0.70 | $-0.10 | ||
| Q4 24 | $0.14 | $0.05 | ||
| Q3 24 | $0.28 | $0.01 | ||
| Q2 24 | $0.20 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $118.3M | $4.4M |
| Total DebtLower is stronger | — | $1.3M |
| Stockholders' EquityBook value | $1.1B | $424.4M |
| Total Assets | $2.9B | $640.5M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $118.3M | — | ||
| Q4 25 | $129.4M | $4.4M | ||
| Q3 25 | $138.7M | $5.3M | ||
| Q2 25 | $143.7M | $5.7M | ||
| Q1 25 | $143.9M | $4.7M | ||
| Q4 24 | $425.7M | $4.7M | ||
| Q3 24 | $533.0M | $9.8M | ||
| Q2 24 | $114.9M | $4.3M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $1.3M | ||
| Q3 25 | — | $1.5M | ||
| Q2 25 | — | $907.0K | ||
| Q1 25 | — | $1.1M | ||
| Q4 24 | $2.0B | $1.2M | ||
| Q3 24 | — | $376.0K | ||
| Q2 24 | — | $522.0K |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.2B | $424.4M | ||
| Q3 25 | $1.2B | $417.1M | ||
| Q2 25 | $1.2B | $415.9M | ||
| Q1 25 | $1.2B | $406.5M | ||
| Q4 24 | $1.2B | $455.6M | ||
| Q3 24 | $1.2B | $451.5M | ||
| Q2 24 | $1.2B | $449.8M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $640.5M | ||
| Q3 25 | $2.9B | $646.3M | ||
| Q2 25 | $3.0B | $646.7M | ||
| Q1 25 | $3.0B | $646.1M | ||
| Q4 24 | $3.3B | $604.7M | ||
| Q3 24 | $3.4B | $601.5M | ||
| Q2 24 | $3.0B | $598.7M |
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | 1.72× | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $11.4M |
| Free Cash FlowOCF − Capex | — | $9.8M |
| FCF MarginFCF / Revenue | — | 10.8% |
| Capex IntensityCapex / Revenue | 14.5% | 1.7% |
| Cash ConversionOCF / Net Profit | — | 2.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-29.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $167.1M | $11.4M | ||
| Q3 25 | $40.5M | $-8.9M | ||
| Q2 25 | $49.2M | $19.8M | ||
| Q1 25 | $36.9M | $-45.2M | ||
| Q4 24 | $207.1M | $37.5M | ||
| Q3 24 | $52.4M | $10.4M | ||
| Q2 24 | $59.3M | $-15.3M |
| Q1 26 | — | — | ||
| Q4 25 | $94.9M | $9.8M | ||
| Q3 25 | $23.1M | $-9.8M | ||
| Q2 25 | $28.4M | $18.6M | ||
| Q1 25 | $20.4M | $-47.6M | ||
| Q4 24 | $136.9M | $32.3M | ||
| Q3 24 | $28.0M | $8.9M | ||
| Q2 24 | $43.6M | $-18.9M |
| Q1 26 | — | — | ||
| Q4 25 | 86.2% | 10.8% | ||
| Q3 25 | 21.1% | -13.8% | ||
| Q2 25 | 26.3% | 17.3% | ||
| Q1 25 | 18.8% | -72.4% | ||
| Q4 24 | 120.7% | 34.0% | ||
| Q3 24 | 22.8% | 10.7% | ||
| Q2 24 | 39.3% | -24.6% |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 65.6% | 1.7% | ||
| Q3 25 | 15.9% | 1.3% | ||
| Q2 25 | 19.3% | 1.1% | ||
| Q1 25 | 15.1% | 3.7% | ||
| Q4 24 | 61.9% | 5.6% | ||
| Q3 24 | 19.9% | 1.9% | ||
| Q2 24 | 14.1% | 4.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.11× | ||
| Q3 25 | 8.98× | — | ||
| Q2 25 | 9.01× | 2.31× | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | — | 13.89× | ||
| Q3 24 | 3.15× | 20.52× | ||
| Q2 24 | 4.98× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAT
| Rental income | $104.4M | 94% |
| Other | $6.2M | 6% |
ASLE
| Products | $57.8M | 64% |
| Maintenance | $23.2M | 26% |
| Leasing Arrangements | $9.9M | 11% |
