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Side-by-side financial comparison of AerSale Corp (ASLE) and Commerce.com, Inc. (CMRC). Click either name above to swap in a different company.
AerSale Corp is the larger business by last-quarter revenue ($90.9M vs $89.5M, roughly 1.0× Commerce.com, Inc.). AerSale Corp runs the higher net margin — 5.9% vs -9.3%, a 15.3% gap on every dollar of revenue. On growth, Commerce.com, Inc. posted the faster year-over-year revenue change (2.9% vs -4.0%). AerSale Corp produced more free cash flow last quarter ($9.8M vs $-2.2M). Over the past eight quarters, Commerce.com, Inc.'s revenue compounded faster (5.5% CAGR vs 0.2%).
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.
SPS Commerce, Inc. is a technology and application software company based in the United States that provides cloud-based supply chain management software. The company's headquarters are located in Minneapolis, Minnesota, but it also has a US office in New Jersey, and international locations in Amsterdam, Beijing, Breukelen, Hong Kong, Kyiv, Melbourne, Montpellier, Sydney, and Toronto.
ASLE vs CMRC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $90.9M | $89.5M |
| Net Profit | $5.4M | $-8.4M |
| Gross Margin | 34.1% | 78.3% |
| Operating Margin | 7.8% | -7.4% |
| Net Margin | 5.9% | -9.3% |
| Revenue YoY | -4.0% | 2.9% |
| Net Profit YoY | 99.7% | -250.0% |
| EPS (diluted) | $0.10 | $-0.11 |
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 | $89.5M | ||
| Q3 25 | $71.2M | $86.0M | ||
| Q2 25 | $107.4M | $84.4M | ||
| Q1 25 | $65.8M | $82.4M | ||
| Q4 24 | $94.7M | $87.0M | ||
| Q3 24 | $82.7M | $83.7M | ||
| Q2 24 | $77.1M | $81.8M | ||
| Q1 24 | $90.5M | $80.4M |
| Q4 25 | $5.4M | $-8.4M | ||
| Q3 25 | $-120.0K | $-2.2M | ||
| Q2 25 | $8.6M | $-8.4M | ||
| Q1 25 | $-5.3M | $-353.0K | ||
| Q4 24 | $2.7M | $-2.4M | ||
| Q3 24 | $509.0K | $-7.0M | ||
| Q2 24 | $-3.6M | $-11.3M | ||
| Q1 24 | $6.3M | $-6.4M |
| Q4 25 | 34.1% | 78.3% | ||
| Q3 25 | 30.2% | 78.4% | ||
| Q2 25 | 32.9% | 79.0% | ||
| Q1 25 | 27.3% | 79.4% | ||
| Q4 24 | 31.4% | 77.6% | ||
| Q3 24 | 28.6% | 76.3% | ||
| Q2 24 | 28.2% | 75.8% | ||
| Q1 24 | 31.8% | 77.1% |
| Q4 25 | 7.8% | -7.4% | ||
| Q3 25 | 4.0% | -0.5% | ||
| Q2 25 | 11.7% | -8.0% | ||
| Q1 25 | -10.1% | -2.9% | ||
| Q4 24 | 5.2% | -0.9% | ||
| Q3 24 | 2.4% | -23.0% | ||
| Q2 24 | -2.4% | -16.5% | ||
| Q1 24 | 5.2% | -10.2% |
| Q4 25 | 5.9% | -9.3% | ||
| Q3 25 | -0.2% | -2.6% | ||
| Q2 25 | 8.0% | -9.9% | ||
| Q1 25 | -8.0% | -0.4% | ||
| Q4 24 | 2.9% | -2.7% | ||
| Q3 24 | 0.6% | -8.4% | ||
| Q2 24 | -4.7% | -13.8% | ||
| Q1 24 | 6.9% | -8.0% |
| Q4 25 | $0.10 | $-0.11 | ||
| Q3 25 | $0.00 | $-0.03 | ||
| Q2 25 | $0.18 | $-0.10 | ||
| Q1 25 | $-0.10 | $0.00 | ||
| Q4 24 | $0.05 | $-0.03 | ||
| Q3 24 | $0.01 | $-0.09 | ||
| Q2 24 | $-0.07 | $-0.15 | ||
| Q1 24 | $0.12 | $-0.08 |
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 | $141.1M |
| Total DebtLower is stronger | $1.3M | $157.0M |
| Stockholders' EquityBook value | $424.4M | $39.4M |
| Total Assets | $640.5M | $308.8M |
| Debt / EquityLower = less leverage | 0.00× | 3.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4M | $141.1M | ||
| Q3 25 | $5.3M | $142.0M | ||
| Q2 25 | $5.7M | $134.5M | ||
| Q1 25 | $4.7M | $120.7M | ||
| Q4 24 | $4.7M | $178.2M | ||
| Q3 24 | $9.8M | $168.4M | ||
| Q2 24 | $4.3M | $275.8M | ||
| Q1 24 | $2.6M | $265.2M |
| Q4 25 | $1.3M | $157.0M | ||
| Q3 25 | $1.5M | $157.3M | ||
| Q2 25 | $907.0K | $157.5M | ||
| Q1 25 | $1.1M | $157.8M | ||
| Q4 24 | $1.2M | $216.5M | ||
| Q3 24 | $376.0K | — | ||
| Q2 24 | $522.0K | $340.9M | ||
| Q1 24 | $3.5M | $340.5M |
| Q4 25 | $424.4M | $39.4M | ||
| Q3 25 | $417.1M | $42.8M | ||
| Q2 25 | $415.9M | $38.8M | ||
| Q1 25 | $406.5M | $38.1M | ||
| Q4 24 | $455.6M | $33.4M | ||
| Q3 24 | $451.5M | $29.0M | ||
| Q2 24 | $449.8M | $26.1M | ||
| Q1 24 | $452.0M | $26.9M |
| Q4 25 | $640.5M | $308.8M | ||
| Q3 25 | $646.3M | $309.5M | ||
| Q2 25 | $646.7M | $302.5M | ||
| Q1 25 | $646.1M | $286.3M | ||
| Q4 24 | $604.7M | $340.3M | ||
| Q3 24 | $601.5M | $335.1M | ||
| Q2 24 | $598.7M | $452.5M | ||
| Q1 24 | $571.7M | $442.5M |
| Q4 25 | 0.00× | 3.99× | ||
| Q3 25 | 0.00× | 3.67× | ||
| Q2 25 | 0.00× | 4.06× | ||
| Q1 25 | 0.00× | 4.14× | ||
| Q4 24 | 0.00× | 6.49× | ||
| Q3 24 | 0.00× | — | ||
| Q2 24 | 0.00× | 13.06× | ||
| Q1 24 | 0.01× | 12.65× |
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 | $980.0K |
| Free Cash FlowOCF − Capex | $9.8M | $-2.2M |
| FCF MarginFCF / Revenue | 10.8% | -2.4% |
| Capex IntensityCapex / Revenue | 1.7% | 3.5% |
| Cash ConversionOCF / Net Profit | 2.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-29.1M | $16.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | $980.0K | ||
| Q3 25 | $-8.9M | $10.6M | ||
| Q2 25 | $19.8M | $13.6M | ||
| Q1 25 | $-45.2M | $401.0K | ||
| Q4 24 | $37.5M | $12.4M | ||
| Q3 24 | $10.4M | $5.6M | ||
| Q2 24 | $-15.3M | $11.7M | ||
| Q1 24 | $-21.5M | $-3.4M |
| Q4 25 | $9.8M | $-2.2M | ||
| Q3 25 | $-9.8M | $7.6M | ||
| Q2 25 | $18.6M | $11.9M | ||
| Q1 25 | $-47.6M | $-424.0K | ||
| Q4 24 | $32.3M | $11.6M | ||
| Q3 24 | $8.9M | $4.5M | ||
| Q2 24 | $-18.9M | $10.7M | ||
| Q1 24 | $-25.0M | $-4.2M |
| Q4 25 | 10.8% | -2.4% | ||
| Q3 25 | -13.8% | 8.8% | ||
| Q2 25 | 17.3% | 14.1% | ||
| Q1 25 | -72.4% | -0.5% | ||
| Q4 24 | 34.0% | 13.3% | ||
| Q3 24 | 10.7% | 5.4% | ||
| Q2 24 | -24.6% | 13.0% | ||
| Q1 24 | -27.7% | -5.3% |
| Q4 25 | 1.7% | 3.5% | ||
| Q3 25 | 1.3% | 3.4% | ||
| Q2 25 | 1.1% | 2.0% | ||
| Q1 25 | 3.7% | 1.0% | ||
| Q4 24 | 5.6% | 0.9% | ||
| Q3 24 | 1.9% | 1.3% | ||
| Q2 24 | 4.7% | 1.3% | ||
| Q1 24 | 3.9% | 1.0% |
| Q4 25 | 2.11× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.31× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 13.89× | — | ||
| Q3 24 | 20.52× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -3.42× | — |
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% |
CMRC
| Subscription And Circulation | $65.2M | 73% |
| Partner And Services | $24.4M | 27% |
