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

AIR LEASE CORP is the larger business by last-quarter revenue ($140.8M vs $70.6M, roughly 2.0× MEDALLION FINANCIAL CORP). AIR LEASE CORP runs the higher net margin — 128.5% vs 17.3%, a 111.2% gap on every dollar of revenue. On growth, AIR LEASE CORP posted the faster year-over-year revenue change (90.4% vs 25.4%). Over the past eight quarters, AIR LEASE CORP's revenue compounded faster (69.6% CAGR vs 15.0%).

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.

Mahindra & Mahindra Financial Services Limited (MMFSL) is an Indian rural non-banking financial company headquartered in Mumbai. It is amongst the top tractor financers in India, with 1000+ offices across the country.

AL vs MFIN — Head-to-Head

Bigger by revenue
AL
AL
2.0× larger
AL
$140.8M
$70.6M
MFIN
Growing faster (revenue YoY)
AL
AL
+65.0% gap
AL
90.4%
25.4%
MFIN
Higher net margin
AL
AL
111.2% more per $
AL
128.5%
17.3%
MFIN
Faster 2-yr revenue CAGR
AL
AL
Annualised
AL
69.6%
15.0%
MFIN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AL
AL
MFIN
MFIN
Revenue
$140.8M
$70.6M
Net Profit
$180.9M
$12.2M
Gross Margin
Operating Margin
29.3%
Net Margin
128.5%
17.3%
Revenue YoY
90.4%
25.4%
Net Profit YoY
60.2%
20.3%
EPS (diluted)
$1.49
$0.50

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
MFIN
MFIN
Q4 25
$140.8M
$70.6M
Q3 25
$44.5M
$58.7M
Q2 25
$53.0M
$62.6M
Q1 25
$92.9M
$63.0M
Q4 24
$74.0M
$56.3M
Q3 24
$65.0M
$53.3M
Q2 24
$57.8M
$51.0M
Q1 24
$49.0M
$53.3M
Net Profit
AL
AL
MFIN
MFIN
Q4 25
$180.9M
$12.2M
Q3 25
$146.5M
$7.8M
Q2 25
$385.2M
$11.1M
Q1 25
$375.8M
$12.0M
Q4 24
$112.9M
$10.1M
Q3 24
$104.0M
$8.6M
Q2 24
$102.9M
$7.1M
Q1 24
$107.9M
$10.0M
Operating Margin
AL
AL
MFIN
MFIN
Q4 25
29.3%
Q3 25
33.2%
Q2 25
31.1%
Q1 25
32.1%
Q4 24
32.8%
Q3 24
26.6%
Q2 24
24.3%
Q1 24
33.6%
Net Margin
AL
AL
MFIN
MFIN
Q4 25
128.5%
17.3%
Q3 25
329.2%
13.2%
Q2 25
726.9%
17.7%
Q1 25
404.5%
19.1%
Q4 24
152.7%
18.0%
Q3 24
160.0%
16.1%
Q2 24
178.2%
13.9%
Q1 24
220.2%
18.8%
EPS (diluted)
AL
AL
MFIN
MFIN
Q4 25
$1.49
$0.50
Q3 25
$1.21
$0.32
Q2 25
$3.33
$0.46
Q1 25
$3.26
$0.50
Q4 24
$0.83
$0.43
Q3 24
$0.82
$0.37
Q2 24
$0.81
$0.30
Q1 24
$0.87
$0.42

Balance Sheet & Financial Strength

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

Metric
AL
AL
MFIN
MFIN
Cash + ST InvestmentsLiquidity on hand
$466.4M
$136.3M
Total DebtLower is stronger
$19.7B
$216.0M
Stockholders' EquityBook value
$8.5B
$408.6M
Total Assets
$32.9B
$3.0B
Debt / EquityLower = less leverage
2.33×
0.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AL
AL
MFIN
MFIN
Q4 25
$466.4M
$136.3M
Q3 25
$452.2M
$72.5M
Q2 25
$454.8M
$110.4M
Q1 25
$456.6M
$131.5M
Q4 24
$472.6M
$98.2M
Q3 24
$460.8M
$120.6M
Q2 24
$454.1M
$87.7M
Q1 24
$554.4M
$54.8M
Total Debt
AL
AL
MFIN
MFIN
Q4 25
$19.7B
$216.0M
Q3 25
$20.2B
$215.7M
Q2 25
$20.3B
$199.9M
Q1 25
$19.9B
$199.7M
Q4 24
$20.2B
$232.2M
Q3 24
$20.2B
$232.0M
Q2 24
$19.7B
$230.8M
Q1 24
$19.5B
$225.6M
Stockholders' Equity
AL
AL
MFIN
MFIN
Q4 25
$8.5B
$408.6M
Q3 25
$8.3B
$397.4M
Q2 25
$8.2B
$389.9M
Q1 25
$7.9B
$380.2M
Q4 24
$7.5B
$370.2M
Q3 24
$7.7B
$362.4M
Q2 24
$7.3B
$354.0M
Q1 24
$7.2B
$349.0M
Total Assets
AL
AL
MFIN
MFIN
Q4 25
$32.9B
$3.0B
Q3 25
$33.4B
$2.9B
Q2 25
$33.3B
$2.9B
Q1 25
$32.4B
$2.8B
Q4 24
$32.3B
$2.9B
Q3 24
$32.2B
$2.9B
Q2 24
$31.0B
$2.8B
Q1 24
$30.9B
$2.6B
Debt / Equity
AL
AL
MFIN
MFIN
Q4 25
2.33×
0.53×
Q3 25
2.42×
0.54×
Q2 25
2.47×
0.51×
Q1 25
2.53×
0.53×
Q4 24
2.68×
0.63×
Q3 24
2.63×
0.64×
Q2 24
2.69×
0.65×
Q1 24
2.69×
0.65×

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
MFIN
MFIN
Operating Cash FlowLast quarter
$414.1M
$126.3M
Free Cash FlowOCF − Capex
$342.1M
FCF MarginFCF / Revenue
242.9%
Capex IntensityCapex / Revenue
51.1%
Cash ConversionOCF / Net Profit
2.29×
10.35×
TTM Free Cash FlowTrailing 4 quarters
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AL
AL
MFIN
MFIN
Q4 25
$414.1M
$126.3M
Q3 25
$458.6M
$67.0M
Q2 25
$473.6M
$-10.7M
Q1 25
$388.3M
$36.3M
Q4 24
$430.0M
$108.7M
Q3 24
$461.9M
$24.6M
Q2 24
$413.8M
$27.6M
Q1 24
$371.3M
$32.3M
Free Cash Flow
AL
AL
MFIN
MFIN
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
MFIN
MFIN
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
MFIN
MFIN
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
MFIN
MFIN
Q4 25
2.29×
10.35×
Q3 25
3.13×
8.63×
Q2 25
1.23×
-0.97×
Q1 25
1.03×
3.02×
Q4 24
3.81×
10.72×
Q3 24
4.44×
2.86×
Q2 24
4.02×
3.89×
Q1 24
3.44×
3.22×

Financial Flow Comparison

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

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