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Side-by-side financial comparison of AIR LEASE CORP (AL) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.
AIR LEASE CORP is the larger business by last-quarter revenue ($140.8M vs $71.1M, roughly 2.0× RE/MAX Holdings, Inc.). AIR LEASE CORP runs the higher net margin — 128.5% vs 2.0%, a 126.4% gap on every dollar of revenue. On growth, AIR LEASE CORP posted the faster year-over-year revenue change (90.4% vs -1.8%). AIR LEASE CORP produced more free cash flow last quarter ($342.1M vs $33.5M). Over the past eight quarters, AIR LEASE CORP's revenue compounded faster (69.6% CAGR vs -4.7%).
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.
RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.
AL vs RMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.8M | $71.1M |
| Net Profit | $180.9M | $1.4M |
| Gross Margin | — | — |
| Operating Margin | — | 13.1% |
| Net Margin | 128.5% | 2.0% |
| Revenue YoY | 90.4% | -1.8% |
| Net Profit YoY | 60.2% | -75.2% |
| EPS (diluted) | $1.49 | — |
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 | $71.1M | ||
| Q3 25 | $44.5M | $73.2M | ||
| Q2 25 | $53.0M | $72.8M | ||
| Q1 25 | $92.9M | $74.5M | ||
| Q4 24 | $74.0M | $72.5M | ||
| Q3 24 | $65.0M | $78.5M | ||
| Q2 24 | $57.8M | $78.5M | ||
| Q1 24 | $49.0M | $78.3M |
| Q4 25 | $180.9M | $1.4M | ||
| Q3 25 | $146.5M | $4.0M | ||
| Q2 25 | $385.2M | $4.7M | ||
| Q1 25 | $375.8M | $-2.0M | ||
| Q4 24 | $112.9M | $5.8M | ||
| Q3 24 | $104.0M | $966.0K | ||
| Q2 24 | $102.9M | $3.7M | ||
| Q1 24 | $107.9M | $-3.4M |
| Q4 25 | — | 13.1% | ||
| Q3 25 | — | 25.0% | ||
| Q2 25 | — | 19.3% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 5.9% | ||
| Q3 24 | — | 19.4% | ||
| Q2 24 | — | 20.6% | ||
| Q1 24 | — | 5.8% |
| Q4 25 | 128.5% | 2.0% | ||
| Q3 25 | 329.2% | 5.4% | ||
| Q2 25 | 726.9% | 6.4% | ||
| Q1 25 | 404.5% | -2.6% | ||
| Q4 24 | 152.7% | 8.0% | ||
| Q3 24 | 160.0% | 1.2% | ||
| Q2 24 | 178.2% | 4.7% | ||
| Q1 24 | 220.2% | -4.3% |
| Q4 25 | $1.49 | — | ||
| Q3 25 | $1.21 | — | ||
| Q2 25 | $3.33 | — | ||
| Q1 25 | $3.26 | — | ||
| Q4 24 | $0.83 | — | ||
| Q3 24 | $0.82 | — | ||
| Q2 24 | $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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $466.4M | $118.7M |
| Total DebtLower is stronger | $19.7B | $432.2M |
| Stockholders' EquityBook value | $8.5B | $452.4M |
| Total Assets | $32.9B | $582.5M |
| Debt / EquityLower = less leverage | 2.33× | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $466.4M | $118.7M | ||
| Q3 25 | $452.2M | $107.5M | ||
| Q2 25 | $454.8M | $94.3M | ||
| Q1 25 | $456.6M | $89.1M | ||
| Q4 24 | $472.6M | $96.6M | ||
| Q3 24 | $460.8M | $83.8M | ||
| Q2 24 | $454.1M | $66.1M | ||
| Q1 24 | $554.4M | $82.1M |
| Q4 25 | $19.7B | $432.2M | ||
| Q3 25 | $20.2B | $433.3M | ||
| Q2 25 | $20.3B | $434.4M | ||
| Q1 25 | $19.9B | $435.3M | ||
| Q4 24 | $20.2B | $436.2M | ||
| Q3 24 | $20.2B | $437.2M | ||
| Q2 24 | $19.7B | $438.1M | ||
| Q1 24 | $19.5B | $439.0M |
| Q4 25 | $8.5B | $452.4M | ||
| Q3 25 | $8.3B | $448.1M | ||
| Q2 25 | $8.2B | $442.4M | ||
| Q1 25 | $7.9B | $433.5M | ||
| Q4 24 | $7.5B | $429.5M | ||
| Q3 24 | $7.7B | $423.1M | ||
| Q2 24 | $7.3B | $418.4M | ||
| Q1 24 | $7.2B | $412.0M |
| Q4 25 | $32.9B | $582.5M | ||
| Q3 25 | $33.4B | $582.2M | ||
| Q2 25 | $33.3B | $574.8M | ||
| Q1 25 | $32.4B | $571.4M | ||
| Q4 24 | $32.3B | $581.6M | ||
| Q3 24 | $32.2B | $578.6M | ||
| Q2 24 | $31.0B | $571.4M | ||
| Q1 24 | $30.9B | $566.7M |
| Q4 25 | 2.33× | 0.96× | ||
| Q3 25 | 2.42× | 0.97× | ||
| Q2 25 | 2.47× | 0.98× | ||
| Q1 25 | 2.53× | 1.00× | ||
| Q4 24 | 2.68× | 1.02× | ||
| Q3 24 | 2.63× | 1.03× | ||
| Q2 24 | 2.69× | 1.05× | ||
| Q1 24 | 2.69× | 1.07× |
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 | $40.9M |
| Free Cash FlowOCF − Capex | $342.1M | $33.5M |
| FCF MarginFCF / Revenue | 242.9% | 47.1% |
| Capex IntensityCapex / Revenue | 51.1% | 10.4% |
| Cash ConversionOCF / Net Profit | 2.29× | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $414.1M | $40.9M | ||
| Q3 25 | $458.6M | $17.7M | ||
| Q2 25 | $473.6M | $4.6M | ||
| Q1 25 | $388.3M | $5.7M | ||
| Q4 24 | $430.0M | $59.7M | ||
| Q3 24 | $461.9M | $17.6M | ||
| Q2 24 | $413.8M | $15.9M | ||
| Q1 24 | $371.3M | $9.4M |
| Q4 25 | $342.1M | $33.5M | ||
| Q3 25 | $412.3M | $16.4M | ||
| Q2 25 | $427.1M | $2.9M | ||
| Q1 25 | $315.5M | $4.0M | ||
| Q4 24 | $326.8M | $53.0M | ||
| Q3 24 | $369.8M | $16.3M | ||
| Q2 24 | $346.4M | $14.0M | ||
| Q1 24 | $246.8M | $6.8M |
| Q4 25 | 242.9% | 47.1% | ||
| Q3 25 | 926.6% | 22.4% | ||
| Q2 25 | 806.0% | 4.0% | ||
| Q1 25 | 339.5% | 5.3% | ||
| Q4 24 | 441.8% | 73.2% | ||
| Q3 24 | 569.1% | 20.8% | ||
| Q2 24 | 599.5% | 17.8% | ||
| Q1 24 | 503.8% | 8.6% |
| Q4 25 | 51.1% | 10.4% | ||
| Q3 25 | 104.1% | 1.8% | ||
| Q2 25 | 87.8% | 2.2% | ||
| Q1 25 | 78.4% | 2.3% | ||
| Q4 24 | 139.6% | 9.1% | ||
| Q3 24 | 141.7% | 1.7% | ||
| Q2 24 | 116.7% | 2.4% | ||
| Q1 24 | 254.3% | 3.3% |
| Q4 25 | 2.29× | 28.39× | ||
| Q3 25 | 3.13× | 4.45× | ||
| Q2 25 | 1.23× | 0.97× | ||
| Q1 25 | 1.03× | — | ||
| Q4 24 | 3.81× | 10.28× | ||
| Q3 24 | 4.44× | 18.22× | ||
| Q2 24 | 4.02× | 4.29× | ||
| Q1 24 | 3.44× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AL
Segment breakdown not available.
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
