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Side-by-side financial comparison of AerSale Corp (ASLE) and Black Stone Minerals, L.P. (BSM). Click either name above to swap in a different company.
Black Stone Minerals, L.P. is the larger business by last-quarter revenue ($95.2M vs $90.9M, roughly 1.0× AerSale Corp). Black Stone Minerals, L.P. runs the higher net margin — 75.9% vs 5.9%, a 69.9% gap on every dollar of revenue. On growth, AerSale Corp posted the faster year-over-year revenue change (-4.0% vs -8.7%). Over the past eight quarters, AerSale Corp's revenue compounded faster (0.2% CAGR vs -9.7%).
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.
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
ASLE vs BSM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $90.9M | $95.2M |
| Net Profit | $5.4M | $72.2M |
| Gross Margin | 34.1% | — |
| Operating Margin | 7.8% | 78.6% |
| Net Margin | 5.9% | 75.9% |
| Revenue YoY | -4.0% | -8.7% |
| Net Profit YoY | 99.7% | 55.8% |
| EPS (diluted) | $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 | $90.9M | $95.2M | ||
| Q3 25 | $71.2M | $105.2M | ||
| Q2 25 | $107.4M | $106.7M | ||
| Q1 25 | $65.8M | $115.3M | ||
| Q4 24 | $94.7M | $104.3M | ||
| Q3 24 | $82.7M | $103.2M | ||
| Q2 24 | $77.1M | $115.2M | ||
| Q1 24 | $90.5M | $116.8M |
| Q4 25 | $5.4M | $72.2M | ||
| Q3 25 | $-120.0K | $91.7M | ||
| Q2 25 | $8.6M | $120.0M | ||
| Q1 25 | $-5.3M | $15.9M | ||
| Q4 24 | $2.7M | $46.3M | ||
| Q3 24 | $509.0K | $92.7M | ||
| Q2 24 | $-3.6M | $68.3M | ||
| Q1 24 | $6.3M | $63.9M |
| 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 | 7.8% | 78.6% | ||
| Q3 25 | 4.0% | 89.5% | ||
| Q2 25 | 11.7% | — | ||
| Q1 25 | -10.1% | 14.9% | ||
| Q4 24 | 5.2% | 45.6% | ||
| Q3 24 | 2.4% | 90.2% | ||
| Q2 24 | -2.4% | 59.5% | ||
| Q1 24 | 5.2% | 54.8% |
| Q4 25 | 5.9% | 75.9% | ||
| Q3 25 | -0.2% | 87.2% | ||
| Q2 25 | 8.0% | 112.5% | ||
| Q1 25 | -8.0% | 13.8% | ||
| Q4 24 | 2.9% | 44.4% | ||
| Q3 24 | 0.6% | 89.9% | ||
| Q2 24 | -4.7% | 59.3% | ||
| Q1 24 | 6.9% | 54.7% |
| Q4 25 | $0.10 | — | ||
| Q3 25 | $0.00 | — | ||
| Q2 25 | $0.18 | — | ||
| Q1 25 | $-0.10 | — | ||
| Q4 24 | $0.05 | — | ||
| Q3 24 | $0.01 | — | ||
| Q2 24 | $-0.07 | — | ||
| Q1 24 | $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 | $4.4M | $1.5M |
| Total DebtLower is stronger | $1.3M | — |
| Stockholders' EquityBook value | $424.4M | — |
| Total Assets | $640.5M | $1.3B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4M | $1.5M | ||
| Q3 25 | $5.3M | $2.9M | ||
| Q2 25 | $5.7M | $2.5M | ||
| Q1 25 | $4.7M | $2.4M | ||
| Q4 24 | $4.7M | $2.5M | ||
| Q3 24 | $9.8M | $21.0M | ||
| Q2 24 | $4.3M | $26.7M | ||
| Q1 24 | $2.6M | $40.5M |
| 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 | $424.4M | — | ||
| Q3 25 | $417.1M | — | ||
| Q2 25 | $415.9M | — | ||
| Q1 25 | $406.5M | — | ||
| Q4 24 | $455.6M | — | ||
| Q3 24 | $451.5M | — | ||
| Q2 24 | $449.8M | — | ||
| Q1 24 | $452.0M | — |
| Q4 25 | $640.5M | $1.3B | ||
| Q3 25 | $646.3M | $1.3B | ||
| Q2 25 | $646.7M | $1.3B | ||
| Q1 25 | $646.1M | $1.2B | ||
| Q4 24 | $604.7M | $1.2B | ||
| Q3 24 | $601.5M | $1.2B | ||
| Q2 24 | $598.7M | $1.2B | ||
| Q1 24 | $571.7M | $1.2B |
| 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 | $11.4M | $65.1M |
| Free Cash FlowOCF − Capex | $9.8M | — |
| FCF MarginFCF / Revenue | 10.8% | — |
| Capex IntensityCapex / Revenue | 1.7% | — |
| Cash ConversionOCF / Net Profit | 2.11× | 0.90× |
| TTM Free Cash FlowTrailing 4 quarters | $-29.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | $65.1M | ||
| Q3 25 | $-8.9M | $99.8M | ||
| Q2 25 | $19.8M | $80.5M | ||
| Q1 25 | $-45.2M | $64.8M | ||
| Q4 24 | $37.5M | $91.0M | ||
| Q3 24 | $10.4M | $93.2M | ||
| Q2 24 | $-15.3M | $100.4M | ||
| Q1 24 | $-21.5M | $104.5M |
| 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 | 2.11× | 0.90× | ||
| Q3 25 | — | 1.09× | ||
| Q2 25 | 2.31× | 0.67× | ||
| Q1 25 | — | 4.07× | ||
| Q4 24 | 13.89× | 1.96× | ||
| Q3 24 | 20.52× | 1.01× | ||
| Q2 24 | — | 1.47× | ||
| Q1 24 | -3.42× | 1.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ASLE
| Products | $57.8M | 64% |
| Maintenance | $23.2M | 26% |
| Leasing Arrangements | $9.9M | 11% |
BSM
| Oil Reserves | $46.4M | 49% |
| Natural Gas Reserves | $44.1M | 46% |
| Real Estate | $4.7M | 5% |
