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Side-by-side financial comparison of Apollo Commercial Real Estate Finance, Inc. (ARI) and AerSale Corp (ASLE). Click either name above to swap in a different company.
AerSale Corp is the larger business by last-quarter revenue ($90.9M vs $73.3M, roughly 1.2× Apollo Commercial Real Estate Finance, Inc.). Apollo Commercial Real Estate Finance, Inc. runs the higher net margin — 39.9% vs 5.9%, a 33.9% gap on every dollar of revenue. On growth, Apollo Commercial Real Estate Finance, Inc. posted the faster year-over-year revenue change (4.0% vs -4.0%). Over the past eight quarters, AerSale Corp's revenue compounded faster (0.2% CAGR vs -4.6%).
Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust that originates, acquires and manages commercial real estate debt assets including mortgages, mezzanine loans and mortgage-backed securities, primarily operating in the U.S. market to deliver consistent risk-adjusted returns.
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.
ARI vs ASLE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.3M | $90.9M |
| Net Profit | $29.2M | $5.4M |
| Gross Margin | — | 34.1% |
| Operating Margin | 39.7% | 7.8% |
| Net Margin | 39.9% | 5.9% |
| Revenue YoY | 4.0% | -4.0% |
| Net Profit YoY | -28.2% | 99.7% |
| EPS (diluted) | $0.19 | $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.
| Q4 25 | $73.3M | $90.9M | ||
| Q3 25 | $61.6M | $71.2M | ||
| Q2 25 | $70.9M | $107.4M | ||
| Q1 25 | $65.8M | $65.8M | ||
| Q4 24 | $70.5M | $94.7M | ||
| Q3 24 | $71.6M | $82.7M | ||
| Q2 24 | $81.1M | $77.1M | ||
| Q1 24 | $80.5M | $90.5M |
| Q4 25 | $29.2M | $5.4M | ||
| Q3 25 | $50.8M | $-120.0K | ||
| Q2 25 | $20.7M | $8.6M | ||
| Q1 25 | $26.0M | $-5.3M | ||
| Q4 24 | $40.7M | $2.7M | ||
| Q3 24 | $-91.5M | $509.0K | ||
| Q2 24 | $35.8M | $-3.6M | ||
| Q1 24 | $-104.5M | $6.3M |
| Q4 25 | — | 34.1% | ||
| Q3 25 | — | 30.2% | ||
| Q2 25 | — | 32.9% | ||
| Q1 25 | — | 27.3% | ||
| Q4 24 | — | 31.4% | ||
| Q3 24 | — | 28.6% | ||
| Q2 24 | — | 28.2% | ||
| Q1 24 | — | 31.8% |
| Q4 25 | 39.7% | 7.8% | ||
| Q3 25 | 82.8% | 4.0% | ||
| Q2 25 | 29.4% | 11.7% | ||
| Q1 25 | 39.7% | -10.1% | ||
| Q4 24 | 57.9% | 5.2% | ||
| Q3 24 | -127.8% | 2.4% | ||
| Q2 24 | 44.2% | -2.4% | ||
| Q1 24 | -129.6% | 5.2% |
| Q4 25 | 39.9% | 5.9% | ||
| Q3 25 | 82.4% | -0.2% | ||
| Q2 25 | 29.3% | 8.0% | ||
| Q1 25 | 39.5% | -8.0% | ||
| Q4 24 | 57.7% | 2.9% | ||
| Q3 24 | -127.9% | 0.6% | ||
| Q2 24 | 44.1% | -4.7% | ||
| Q1 24 | -129.8% | 6.9% |
| Q4 25 | $0.19 | $0.10 | ||
| Q3 25 | $0.34 | $0.00 | ||
| Q2 25 | $0.12 | $0.18 | ||
| Q1 25 | $0.16 | $-0.10 | ||
| Q4 24 | $0.25 | $0.05 | ||
| Q3 24 | $-0.69 | $0.01 | ||
| Q2 24 | $0.23 | $-0.07 | ||
| Q1 24 | $-0.76 | $0.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $139.8M | $4.4M |
| Total DebtLower is stronger | — | $1.3M |
| Stockholders' EquityBook value | $1.9B | $424.4M |
| Total Assets | $9.9B | $640.5M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $139.8M | $4.4M | ||
| Q3 25 | $245.9M | $5.3M | ||
| Q2 25 | $177.6M | $5.7M | ||
| Q1 25 | $166.4M | $4.7M | ||
| Q4 24 | $317.4M | $4.7M | ||
| Q3 24 | $194.3M | $9.8M | ||
| Q2 24 | $174.7M | $4.3M | ||
| Q1 24 | $161.2M | $2.6M |
| Q4 25 | — | $1.3M | ||
| Q3 25 | — | $1.5M | ||
| Q2 25 | — | $907.0K | ||
| Q1 25 | — | $1.1M | ||
| Q4 24 | — | $1.2M | ||
| Q3 24 | — | $376.0K | ||
| Q2 24 | — | $522.0K | ||
| Q1 24 | — | $3.5M |
| Q4 25 | $1.9B | $424.4M | ||
| Q3 25 | $1.9B | $417.1M | ||
| Q2 25 | $1.8B | $415.9M | ||
| Q1 25 | $1.9B | $406.5M | ||
| Q4 24 | $1.9B | $455.6M | ||
| Q3 24 | $1.9B | $451.5M | ||
| Q2 24 | $2.0B | $449.8M | ||
| Q1 24 | $2.0B | $452.0M |
| Q4 25 | $9.9B | $640.5M | ||
| Q3 25 | $9.5B | $646.3M | ||
| Q2 25 | $9.8B | $646.7M | ||
| Q1 25 | $8.8B | $646.1M | ||
| Q4 24 | $8.4B | $604.7M | ||
| Q3 24 | $9.1B | $601.5M | ||
| Q2 24 | $9.3B | $598.7M | ||
| Q1 24 | $9.2B | $571.7M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.01× |
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 | $142.5M | $11.4M |
| Free Cash FlowOCF − Capex | — | $9.8M |
| FCF MarginFCF / Revenue | — | 10.8% |
| Capex IntensityCapex / Revenue | — | 1.7% |
| Cash ConversionOCF / Net Profit | 4.88× | 2.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-29.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $142.5M | $11.4M | ||
| Q3 25 | $31.7M | $-8.9M | ||
| Q2 25 | $63.2M | $19.8M | ||
| Q1 25 | $39.3M | $-45.2M | ||
| Q4 24 | $200.3M | $37.5M | ||
| Q3 24 | $47.2M | $10.4M | ||
| Q2 24 | $50.2M | $-15.3M | ||
| Q1 24 | $52.8M | $-21.5M |
| Q4 25 | — | $9.8M | ||
| Q3 25 | — | $-9.8M | ||
| Q2 25 | — | $18.6M | ||
| Q1 25 | — | $-47.6M | ||
| Q4 24 | — | $32.3M | ||
| Q3 24 | — | $8.9M | ||
| Q2 24 | — | $-18.9M | ||
| Q1 24 | — | $-25.0M |
| Q4 25 | — | 10.8% | ||
| Q3 25 | — | -13.8% | ||
| Q2 25 | — | 17.3% | ||
| Q1 25 | — | -72.4% | ||
| Q4 24 | — | 34.0% | ||
| Q3 24 | — | 10.7% | ||
| Q2 24 | — | -24.6% | ||
| Q1 24 | — | -27.7% |
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 4.7% | ||
| Q1 24 | — | 3.9% |
| Q4 25 | 4.88× | 2.11× | ||
| Q3 25 | 0.62× | — | ||
| Q2 25 | 3.05× | 2.31× | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | 4.93× | 13.89× | ||
| Q3 24 | — | 20.52× | ||
| Q2 24 | 1.40× | — | ||
| Q1 24 | — | -3.42× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARI
Segment breakdown not available.
ASLE
| Products | $57.8M | 64% |
| Maintenance | $23.2M | 26% |
| Leasing Arrangements | $9.9M | 11% |
