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Side-by-side financial comparison of AIR LEASE CORP (AL) and COHEN & STEERS, INC. (CNS). Click either name above to swap in a different company.
COHEN & STEERS, INC. is the larger business by last-quarter revenue ($143.8M vs $140.8M, roughly 1.0× AIR LEASE CORP). AIR LEASE CORP runs the higher net margin — 128.5% vs 24.3%, a 104.2% gap on every dollar of revenue. On growth, AIR LEASE CORP posted the faster year-over-year revenue change (90.4% vs 2.9%). AIR LEASE CORP produced more free cash flow last quarter ($342.1M vs $-126.4M). Over the past eight quarters, AIR LEASE CORP's revenue compounded faster (69.6% CAGR vs 8.3%).
Air Lease Corporation (ALC) is an American aircraft leasing company founded in 2010 and headed by Steven F. Udvar-Házy. Air Lease purchases new commercial aircraft through direct orders from Boeing, Airbus, Embraer and ATR, and leases them to its airline customers worldwide through specialized aircraft leasing and financing.
Cohen & Steers is an American investment management company. It focuses on investments in real estate securities via real estate investment trusts (REIT) and alternative income via preferred securities.
AL vs CNS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.8M | $143.8M |
| Net Profit | $180.9M | $34.9M |
| Gross Margin | — | — |
| Operating Margin | — | 28.0% |
| Net Margin | 128.5% | 24.3% |
| Revenue YoY | 90.4% | 2.9% |
| Net Profit YoY | 60.2% | -23.9% |
| EPS (diluted) | $1.49 | $0.67 |
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.
| Q4 25 | $140.8M | $143.8M | ||
| Q3 25 | $44.5M | $141.7M | ||
| Q2 25 | $53.0M | $136.1M | ||
| Q1 25 | $92.9M | $134.5M | ||
| Q4 24 | $74.0M | $139.8M | ||
| Q3 24 | $65.0M | $133.2M | ||
| Q2 24 | $57.8M | $121.7M | ||
| Q1 24 | $49.0M | $122.7M |
| Q4 25 | $180.9M | $34.9M | ||
| Q3 25 | $146.5M | $41.7M | ||
| Q2 25 | $385.2M | $36.8M | ||
| Q1 25 | $375.8M | $39.8M | ||
| Q4 24 | $112.9M | $45.8M | ||
| Q3 24 | $104.0M | $39.7M | ||
| Q2 24 | $102.9M | $31.8M | ||
| Q1 24 | $107.9M | $34.0M |
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 34.5% | ||
| Q2 25 | — | 31.8% | ||
| Q1 25 | — | 33.6% | ||
| Q4 24 | — | 35.3% | ||
| Q3 24 | — | 33.7% | ||
| Q2 24 | — | 31.5% | ||
| Q1 24 | — | 32.8% |
| Q4 25 | 128.5% | 24.3% | ||
| Q3 25 | 329.2% | 29.4% | ||
| Q2 25 | 726.9% | 27.1% | ||
| Q1 25 | 404.5% | 29.6% | ||
| Q4 24 | 152.7% | 32.8% | ||
| Q3 24 | 160.0% | 29.8% | ||
| Q2 24 | 178.2% | 26.1% | ||
| Q1 24 | 220.2% | 27.7% |
| Q4 25 | $1.49 | $0.67 | ||
| Q3 25 | $1.21 | $0.81 | ||
| Q2 25 | $3.33 | $0.72 | ||
| Q1 25 | $3.26 | $0.77 | ||
| Q4 24 | $0.83 | $0.89 | ||
| Q3 24 | $0.82 | $0.77 | ||
| Q2 24 | $0.81 | $0.63 | ||
| Q1 24 | $0.87 | $0.68 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $466.4M | $145.5M |
| Total DebtLower is stronger | $19.7B | — |
| Stockholders' EquityBook value | $8.5B | $562.0M |
| Total Assets | $32.9B | $876.7M |
| Debt / EquityLower = less leverage | 2.33× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $466.4M | $145.5M | ||
| Q3 25 | $452.2M | $98.1M | ||
| Q2 25 | $454.8M | $95.4M | ||
| Q1 25 | $456.6M | $65.2M | ||
| Q4 24 | $472.6M | $183.0M | ||
| Q3 24 | $460.8M | $106.5M | ||
| Q2 24 | $454.1M | $122.0M | ||
| Q1 24 | $554.4M | $99.5M |
| Q4 25 | $19.7B | — | ||
| Q3 25 | $20.2B | — | ||
| Q2 25 | $20.3B | — | ||
| Q1 25 | $19.9B | — | ||
| Q4 24 | $20.2B | — | ||
| Q3 24 | $20.2B | — | ||
| Q2 24 | $19.7B | — | ||
| Q1 24 | $19.5B | — |
| Q4 25 | $8.5B | $562.0M | ||
| Q3 25 | $8.3B | $550.3M | ||
| Q2 25 | $8.2B | $528.5M | ||
| Q1 25 | $7.9B | $507.7M | ||
| Q4 24 | $7.5B | $511.7M | ||
| Q3 24 | $7.7B | $491.0M | ||
| Q2 24 | $7.3B | $463.2M | ||
| Q1 24 | $7.2B | $378.9M |
| Q4 25 | $32.9B | $876.7M | ||
| Q3 25 | $33.4B | $801.6M | ||
| Q2 25 | $33.3B | $751.0M | ||
| Q1 25 | $32.4B | $834.9M | ||
| Q4 24 | $32.3B | $812.4M | ||
| Q3 24 | $32.2B | $727.8M | ||
| Q2 24 | $31.0B | $784.1M | ||
| Q1 24 | $30.9B | $680.7M |
| Q4 25 | 2.33× | — | ||
| Q3 25 | 2.42× | — | ||
| Q2 25 | 2.47× | — | ||
| Q1 25 | 2.53× | — | ||
| Q4 24 | 2.68× | — | ||
| Q3 24 | 2.63× | — | ||
| Q2 24 | 2.69× | — | ||
| Q1 24 | 2.69× | — |
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 | $414.1M | $-120.4M |
| Free Cash FlowOCF − Capex | $342.1M | $-126.4M |
| FCF MarginFCF / Revenue | 242.9% | -87.9% |
| Capex IntensityCapex / Revenue | 51.1% | 4.2% |
| Cash ConversionOCF / Net Profit | 2.29× | -3.45× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $-253.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $414.1M | $-120.4M | ||
| Q3 25 | $458.6M | $55.1M | ||
| Q2 25 | $473.6M | $-67.6M | ||
| Q1 25 | $388.3M | $-108.9M | ||
| Q4 24 | $430.0M | $96.7M | ||
| Q3 24 | $461.9M | $25.6M | ||
| Q2 24 | $413.8M | $31.4M | ||
| Q1 24 | $371.3M | $4.9M |
| Q4 25 | $342.1M | $-126.4M | ||
| Q3 25 | $412.3M | $52.6M | ||
| Q2 25 | $427.1M | $-69.8M | ||
| Q1 25 | $315.5M | $-110.0M | ||
| Q4 24 | $326.8M | $85.0M | ||
| Q3 24 | $369.8M | $24.2M | ||
| Q2 24 | $346.4M | $27.1M | ||
| Q1 24 | $246.8M | $537.0K |
| Q4 25 | 242.9% | -87.9% | ||
| Q3 25 | 926.6% | 37.1% | ||
| Q2 25 | 806.0% | -51.3% | ||
| Q1 25 | 339.5% | -81.8% | ||
| Q4 24 | 441.8% | 60.8% | ||
| Q3 24 | 569.1% | 18.2% | ||
| Q2 24 | 599.5% | 22.3% | ||
| Q1 24 | 503.8% | 0.4% |
| Q4 25 | 51.1% | 4.2% | ||
| Q3 25 | 104.1% | 1.8% | ||
| Q2 25 | 87.8% | 1.6% | ||
| Q1 25 | 78.4% | 0.8% | ||
| Q4 24 | 139.6% | 8.3% | ||
| Q3 24 | 141.7% | 1.1% | ||
| Q2 24 | 116.7% | 3.5% | ||
| Q1 24 | 254.3% | 3.5% |
| Q4 25 | 2.29× | -3.45× | ||
| Q3 25 | 3.13× | 1.32× | ||
| Q2 25 | 1.23× | -1.84× | ||
| Q1 25 | 1.03× | -2.74× | ||
| Q4 24 | 3.81× | 2.11× | ||
| Q3 24 | 4.44× | 0.65× | ||
| Q2 24 | 4.02× | 0.99× | ||
| Q1 24 | 3.44× | 0.14× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
