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Side-by-side financial comparison of AIR LEASE CORP (AL) and GDEV Inc. (GDEV). Click either name above to swap in a different company.

AIR LEASE CORP is the larger business by last-quarter revenue ($140.8M vs $119.9M, roughly 1.2× GDEV Inc.). AIR LEASE CORP runs the higher net margin — 128.5% vs 13.9%, a 114.6% gap on every dollar of revenue. On growth, AIR LEASE CORP posted the faster year-over-year revenue change (90.4% vs 13.3%).

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.

GDEV Inc. is a gaming and entertainment holding company. It is a publicly traded company listed on the Nasdaq stock exchange, headquartered in Limassol, Cyprus. The holding was evolved in June 2023 from a video game company Nexters, founded in 2014, one of the top five independent mobile game companies in Europe. Subsidiaries of GDEV include Nexters Studio, which operates offices in Cyprus, Armenia, and Kazakhstan, as well as Cubic Games, Royal Ark, Game Gears and Light Hour Games. The compan...

AL vs GDEV — Head-to-Head

Bigger by revenue
AL
AL
1.2× larger
AL
$140.8M
$119.9M
GDEV
Growing faster (revenue YoY)
AL
AL
+77.1% gap
AL
90.4%
13.3%
GDEV
Higher net margin
AL
AL
114.6% more per $
AL
128.5%
13.9%
GDEV

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
AL
AL
GDEV
GDEV
Revenue
$140.8M
$119.9M
Net Profit
$180.9M
$16.6M
Gross Margin
Operating Margin
15.5%
Net Margin
128.5%
13.9%
Revenue YoY
90.4%
13.3%
Net Profit YoY
60.2%
13.0%
EPS (diluted)
$1.49
$0.90

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.

Revenue
AL
AL
GDEV
GDEV
Q4 25
$140.8M
Q3 25
$44.5M
Q2 25
$53.0M
$119.9M
Q1 25
$92.9M
Q4 24
$74.0M
Q3 24
$65.0M
Q2 24
$57.8M
$105.8M
Q1 24
$49.0M
Net Profit
AL
AL
GDEV
GDEV
Q4 25
$180.9M
Q3 25
$146.5M
Q2 25
$385.2M
$16.6M
Q1 25
$375.8M
Q4 24
$112.9M
Q3 24
$104.0M
Q2 24
$102.9M
$14.7M
Q1 24
$107.9M
Operating Margin
AL
AL
GDEV
GDEV
Q4 25
Q3 25
Q2 25
15.5%
Q1 25
Q4 24
Q3 24
Q2 24
14.4%
Q1 24
Net Margin
AL
AL
GDEV
GDEV
Q4 25
128.5%
Q3 25
329.2%
Q2 25
726.9%
13.9%
Q1 25
404.5%
Q4 24
152.7%
Q3 24
160.0%
Q2 24
178.2%
13.9%
Q1 24
220.2%
EPS (diluted)
AL
AL
GDEV
GDEV
Q4 25
$1.49
Q3 25
$1.21
Q2 25
$3.33
$0.90
Q1 25
$3.26
Q4 24
$0.83
Q3 24
$0.82
Q2 24
$0.81
$0.81
Q1 24
$0.87

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AL
AL
GDEV
GDEV
Cash + ST InvestmentsLiquidity on hand
$466.4M
$41.6M
Total DebtLower is stronger
$19.7B
Stockholders' EquityBook value
$8.5B
$-129.4M
Total Assets
$32.9B
$210.2M
Debt / EquityLower = less leverage
2.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AL
AL
GDEV
GDEV
Q4 25
$466.4M
Q3 25
$452.2M
Q2 25
$454.8M
$41.6M
Q1 25
$456.6M
Q4 24
$472.6M
Q3 24
$460.8M
Q2 24
$454.1M
$50.8M
Q1 24
$554.4M
Total Debt
AL
AL
GDEV
GDEV
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
Stockholders' Equity
AL
AL
GDEV
GDEV
Q4 25
$8.5B
Q3 25
$8.3B
Q2 25
$8.2B
$-129.4M
Q1 25
$7.9B
Q4 24
$7.5B
Q3 24
$7.7B
Q2 24
$7.3B
$-118.7M
Q1 24
$7.2B
Total Assets
AL
AL
GDEV
GDEV
Q4 25
$32.9B
Q3 25
$33.4B
Q2 25
$33.3B
$210.2M
Q1 25
$32.4B
Q4 24
$32.3B
Q3 24
$32.2B
Q2 24
$31.0B
$282.8M
Q1 24
$30.9B
Debt / Equity
AL
AL
GDEV
GDEV
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
AL
AL
GDEV
GDEV
Operating Cash FlowLast quarter
$414.1M
Free Cash FlowOCF − Capex
$342.1M
FCF MarginFCF / Revenue
242.9%
Capex IntensityCapex / Revenue
51.1%
Cash ConversionOCF / Net Profit
2.29×
TTM Free Cash FlowTrailing 4 quarters
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AL
AL
GDEV
GDEV
Q4 25
$414.1M
Q3 25
$458.6M
Q2 25
$473.6M
Q1 25
$388.3M
Q4 24
$430.0M
Q3 24
$461.9M
Q2 24
$413.8M
Q1 24
$371.3M
Free Cash Flow
AL
AL
GDEV
GDEV
Q4 25
$342.1M
Q3 25
$412.3M
Q2 25
$427.1M
Q1 25
$315.5M
Q4 24
$326.8M
Q3 24
$369.8M
Q2 24
$346.4M
Q1 24
$246.8M
FCF Margin
AL
AL
GDEV
GDEV
Q4 25
242.9%
Q3 25
926.6%
Q2 25
806.0%
Q1 25
339.5%
Q4 24
441.8%
Q3 24
569.1%
Q2 24
599.5%
Q1 24
503.8%
Capex Intensity
AL
AL
GDEV
GDEV
Q4 25
51.1%
Q3 25
104.1%
Q2 25
87.8%
Q1 25
78.4%
Q4 24
139.6%
Q3 24
141.7%
Q2 24
116.7%
Q1 24
254.3%
Cash Conversion
AL
AL
GDEV
GDEV
Q4 25
2.29×
Q3 25
3.13×
Q2 25
1.23×
Q1 25
1.03×
Q4 24
3.81×
Q3 24
4.44×
Q2 24
4.02×
Q1 24
3.44×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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