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Side-by-side financial comparison of AerSale Corp (ASLE) and Emerald Holding, Inc. (EEX). Click either name above to swap in a different company.
Emerald Holding, Inc. is the larger business by last-quarter revenue ($132.7M vs $90.9M, roughly 1.5× AerSale Corp). AerSale Corp runs the higher net margin — 5.9% vs -22.8%, a 28.7% gap on every dollar of revenue. On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs -4.0%). Emerald Holding, Inc. produced more free cash flow last quarter ($11.7M vs $9.8M). Over the past eight quarters, AerSale Corp's revenue compounded faster (0.2% CAGR vs -0.3%).
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.
TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.
ASLE vs EEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | ||
|---|---|---|
| Revenue | $90.9M | $132.7M |
| Net Profit | $5.4M | $-30.2M |
| Gross Margin | 34.1% | — |
| Operating Margin | 7.8% | -11.8% |
| Net Margin | 5.9% | -22.8% |
| Revenue YoY | -4.0% | 24.3% |
| Net Profit YoY | 99.7% | -692.2% |
| EPS (diluted) | $0.10 | $-0.15 |
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 | $132.7M | ||
| Q3 25 | $71.2M | $77.5M | ||
| Q2 25 | $107.4M | $105.5M | ||
| Q1 25 | $65.8M | $147.7M | ||
| Q4 24 | $94.7M | $106.8M | ||
| Q3 24 | $82.7M | $72.6M | ||
| Q2 24 | $77.1M | $86.0M | ||
| Q1 24 | $90.5M | $133.4M |
| Q4 25 | $5.4M | $-30.2M | ||
| Q3 25 | $-120.0K | $-14.4M | ||
| Q2 25 | $8.6M | $-1.4M | ||
| Q1 25 | $-5.3M | $15.3M | ||
| Q4 24 | $2.7M | $5.1M | ||
| Q3 24 | $509.0K | $-11.1M | ||
| Q2 24 | $-3.6M | $-2.8M | ||
| Q1 24 | $6.3M | $11.0M |
| 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% | -11.8% | ||
| Q3 25 | 4.0% | -10.1% | ||
| Q2 25 | 11.7% | 9.7% | ||
| Q1 25 | -10.1% | 24.2% | ||
| Q4 24 | 5.2% | 19.5% | ||
| Q3 24 | 2.4% | -6.5% | ||
| Q2 24 | -2.4% | 7.4% | ||
| Q1 24 | 5.2% | 18.2% |
| Q4 25 | 5.9% | -22.8% | ||
| Q3 25 | -0.2% | -18.6% | ||
| Q2 25 | 8.0% | -1.3% | ||
| Q1 25 | -8.0% | 10.4% | ||
| Q4 24 | 2.9% | 4.8% | ||
| Q3 24 | 0.6% | -15.3% | ||
| Q2 24 | -4.7% | -3.3% | ||
| Q1 24 | 6.9% | 8.2% |
| Q4 25 | $0.10 | $-0.15 | ||
| Q3 25 | $0.00 | $-0.07 | ||
| Q2 25 | $0.18 | $-0.01 | ||
| Q1 25 | $-0.10 | $0.08 | ||
| Q4 24 | $0.05 | $0.01 | ||
| Q3 24 | $0.01 | $-0.05 | ||
| Q2 24 | $-0.07 | $-0.03 | ||
| Q1 24 | $0.12 | $0.00 |
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 | $100.9M |
| Total DebtLower is stronger | $1.3M | — |
| Stockholders' EquityBook value | $424.4M | $338.8M |
| Total Assets | $640.5M | $1.2B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4M | $100.9M | ||
| Q3 25 | $5.3M | $95.4M | ||
| Q2 25 | $5.7M | $156.4M | ||
| Q1 25 | $4.7M | $276.8M | ||
| Q4 24 | $4.7M | $194.8M | ||
| Q3 24 | $9.8M | $188.9M | ||
| Q2 24 | $4.3M | $193.2M | ||
| Q1 24 | $2.6M | $186.8M |
| 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 | $338.8M | ||
| Q3 25 | $417.1M | $369.5M | ||
| Q2 25 | $415.9M | $389.4M | ||
| Q1 25 | $406.5M | $392.1M | ||
| Q4 24 | $455.6M | $385.9M | ||
| Q3 24 | $451.5M | $391.1M | ||
| Q2 24 | $449.8M | $407.6M | ||
| Q1 24 | $452.0M | $-90.7M |
| Q4 25 | $640.5M | $1.2B | ||
| Q3 25 | $646.3M | $1.2B | ||
| Q2 25 | $646.7M | $1.2B | ||
| Q1 25 | $646.1M | $1.2B | ||
| Q4 24 | $604.7M | $1.0B | ||
| Q3 24 | $601.5M | $1.1B | ||
| Q2 24 | $598.7M | $1.1B | ||
| Q1 24 | $571.7M | $1.1B |
| 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 | $12.3M |
| Free Cash FlowOCF − Capex | $9.8M | $11.7M |
| FCF MarginFCF / Revenue | 10.8% | 8.8% |
| Capex IntensityCapex / Revenue | 1.7% | 0.5% |
| Cash ConversionOCF / Net Profit | 2.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-29.1M | $41.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | $12.3M | ||
| Q3 25 | $-8.9M | $1.8M | ||
| Q2 25 | $19.8M | $15.9M | ||
| Q1 25 | $-45.2M | $12.6M | ||
| Q4 24 | $37.5M | $20.6M | ||
| Q3 24 | $10.4M | $9.1M | ||
| Q2 24 | $-15.3M | $9.8M | ||
| Q1 24 | $-21.5M | $7.3M |
| Q4 25 | $9.8M | $11.7M | ||
| Q3 25 | $-9.8M | $1.5M | ||
| Q2 25 | $18.6M | $15.8M | ||
| Q1 25 | $-47.6M | $12.4M | ||
| Q4 24 | $32.3M | $19.9M | ||
| Q3 24 | $8.9M | $9.0M | ||
| Q2 24 | $-18.9M | $9.6M | ||
| Q1 24 | $-25.0M | $7.0M |
| Q4 25 | 10.8% | 8.8% | ||
| Q3 25 | -13.8% | 1.9% | ||
| Q2 25 | 17.3% | 15.0% | ||
| Q1 25 | -72.4% | 8.4% | ||
| Q4 24 | 34.0% | 18.6% | ||
| Q3 24 | 10.7% | 12.4% | ||
| Q2 24 | -24.6% | 11.2% | ||
| Q1 24 | -27.7% | 5.2% |
| Q4 25 | 1.7% | 0.5% | ||
| Q3 25 | 1.3% | 0.4% | ||
| Q2 25 | 1.1% | 0.1% | ||
| Q1 25 | 3.7% | 0.1% | ||
| Q4 24 | 5.6% | 0.7% | ||
| Q3 24 | 1.9% | 0.1% | ||
| Q2 24 | 4.7% | 0.2% | ||
| Q1 24 | 3.9% | 0.2% |
| Q4 25 | 2.11× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.31× | — | ||
| Q1 25 | — | 0.82× | ||
| Q4 24 | 13.89× | 4.04× | ||
| Q3 24 | 20.52× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -3.42× | 0.66× |
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% |
EEX
| Connections Segment | $121.9M | 92% |
| Commerce Segment | $5.5M | 4% |
| Content | $5.3M | 4% |