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Side-by-side financial comparison of AerSale Corp (ASLE) and Energy Recovery, Inc. (ERII). Click either name above to swap in a different company.
AerSale Corp is the larger business by last-quarter revenue ($90.9M vs $66.9M, roughly 1.4× Energy Recovery, Inc.). Energy Recovery, Inc. runs the higher net margin — 40.2% vs 5.9%, a 34.3% gap on every dollar of revenue. On growth, Energy Recovery, Inc. posted the faster year-over-year revenue change (-0.3% vs -4.0%). AerSale Corp produced more free cash flow last quarter ($9.8M vs $6.4M). Over the past eight quarters, Energy Recovery, Inc.'s revenue compounded faster (8.1% 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.
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
ASLE vs ERII — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $90.9M | $66.9M |
| Net Profit | $5.4M | $26.9M |
| Gross Margin | 34.1% | 67.2% |
| Operating Margin | 7.8% | 46.8% |
| Net Margin | 5.9% | 40.2% |
| Revenue YoY | -4.0% | -0.3% |
| Net Profit YoY | 99.7% | 14.7% |
| EPS (diluted) | $0.10 | $0.49 |
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 | $90.9M | $66.9M | ||
| Q3 25 | $71.2M | $32.0M | ||
| Q2 25 | $107.4M | $28.1M | ||
| Q1 25 | $65.8M | — | ||
| Q4 24 | $94.7M | $67.1M | ||
| Q3 24 | $82.7M | $38.6M | ||
| Q2 24 | $77.1M | $27.2M | ||
| Q1 24 | $90.5M | $12.1M |
| Q4 25 | $5.4M | $26.9M | ||
| Q3 25 | $-120.0K | $3.9M | ||
| Q2 25 | $8.6M | $2.1M | ||
| Q1 25 | $-5.3M | — | ||
| Q4 24 | $2.7M | $23.5M | ||
| Q3 24 | $509.0K | $8.5M | ||
| Q2 24 | $-3.6M | $-642.0K | ||
| Q1 24 | $6.3M | $-8.3M |
| Q4 25 | 34.1% | 67.2% | ||
| Q3 25 | 30.2% | 64.2% | ||
| Q2 25 | 32.9% | 64.0% | ||
| Q1 25 | 27.3% | — | ||
| Q4 24 | 31.4% | 70.2% | ||
| Q3 24 | 28.6% | 65.1% | ||
| Q2 24 | 28.2% | 64.6% | ||
| Q1 24 | 31.8% | 59.0% |
| Q4 25 | 7.8% | 46.8% | ||
| Q3 25 | 4.0% | 11.4% | ||
| Q2 25 | 11.7% | 5.3% | ||
| Q1 25 | -10.1% | — | ||
| Q4 24 | 5.2% | 38.2% | ||
| Q3 24 | 2.4% | 18.3% | ||
| Q2 24 | -2.4% | -7.4% | ||
| Q1 24 | 5.2% | -90.4% |
| Q4 25 | 5.9% | 40.2% | ||
| Q3 25 | -0.2% | 12.1% | ||
| Q2 25 | 8.0% | 7.3% | ||
| Q1 25 | -8.0% | — | ||
| Q4 24 | 2.9% | 35.0% | ||
| Q3 24 | 0.6% | 22.0% | ||
| Q2 24 | -4.7% | -2.4% | ||
| Q1 24 | 6.9% | -68.3% |
| Q4 25 | $0.10 | $0.49 | ||
| Q3 25 | $0.00 | $0.07 | ||
| Q2 25 | $0.18 | $0.04 | ||
| Q1 25 | $-0.10 | — | ||
| Q4 24 | $0.05 | $0.40 | ||
| Q3 24 | $0.01 | $0.15 | ||
| Q2 24 | $-0.07 | $-0.01 | ||
| Q1 24 | $0.12 | $-0.14 |
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 | $75.2M |
| Total DebtLower is stronger | $1.3M | — |
| Stockholders' EquityBook value | $424.4M | $206.2M |
| Total Assets | $640.5M | $231.5M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4M | $75.2M | ||
| Q3 25 | $5.3M | $70.4M | ||
| Q2 25 | $5.7M | $79.5M | ||
| Q1 25 | $4.7M | — | ||
| Q4 24 | $4.7M | $78.0M | ||
| Q3 24 | $9.8M | $118.6M | ||
| Q2 24 | $4.3M | $101.0M | ||
| Q1 24 | $2.6M | $117.4M |
| 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 | $206.2M | ||
| Q3 25 | $417.1M | $180.8M | ||
| Q2 25 | $415.9M | $185.2M | ||
| Q1 25 | $406.5M | — | ||
| Q4 24 | $455.6M | $210.0M | ||
| Q3 24 | $451.5M | $233.9M | ||
| Q2 24 | $449.8M | $218.5M | ||
| Q1 24 | $452.0M | $216.0M |
| Q4 25 | $640.5M | $231.5M | ||
| Q3 25 | $646.3M | $209.6M | ||
| Q2 25 | $646.7M | $212.3M | ||
| Q1 25 | $646.1M | — | ||
| Q4 24 | $604.7M | $242.8M | ||
| Q3 24 | $601.5M | $262.7M | ||
| Q2 24 | $598.7M | $249.0M | ||
| Q1 24 | $571.7M | $244.3M |
| 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 | $7.1M |
| Free Cash FlowOCF − Capex | $9.8M | $6.4M |
| FCF MarginFCF / Revenue | 10.8% | 9.6% |
| Capex IntensityCapex / Revenue | 1.7% | 1.0% |
| Cash ConversionOCF / Net Profit | 2.11× | 0.26× |
| TTM Free Cash FlowTrailing 4 quarters | $-29.1M | $15.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | $7.1M | ||
| Q3 25 | $-8.9M | $-3.1M | ||
| Q2 25 | $19.8M | $4.1M | ||
| Q1 25 | $-45.2M | — | ||
| Q4 24 | $37.5M | $9.0M | ||
| Q3 24 | $10.4M | $-3.0M | ||
| Q2 24 | $-15.3M | $8.1M | ||
| Q1 24 | $-21.5M | $6.5M |
| Q4 25 | $9.8M | $6.4M | ||
| Q3 25 | $-9.8M | $-3.5M | ||
| Q2 25 | $18.6M | $4.0M | ||
| Q1 25 | $-47.6M | — | ||
| Q4 24 | $32.3M | $8.9M | ||
| Q3 24 | $8.9M | $-3.2M | ||
| Q2 24 | $-18.9M | $7.9M | ||
| Q1 24 | $-25.0M | $5.7M |
| Q4 25 | 10.8% | 9.6% | ||
| Q3 25 | -13.8% | -10.9% | ||
| Q2 25 | 17.3% | 14.3% | ||
| Q1 25 | -72.4% | — | ||
| Q4 24 | 34.0% | 13.2% | ||
| Q3 24 | 10.7% | -8.2% | ||
| Q2 24 | -24.6% | 28.9% | ||
| Q1 24 | -27.7% | 46.9% |
| Q4 25 | 1.7% | 1.0% | ||
| Q3 25 | 1.3% | 1.1% | ||
| Q2 25 | 1.1% | 0.5% | ||
| Q1 25 | 3.7% | — | ||
| Q4 24 | 5.6% | 0.2% | ||
| Q3 24 | 1.9% | 0.4% | ||
| Q2 24 | 4.7% | 0.7% | ||
| Q1 24 | 3.9% | 6.8% |
| Q4 25 | 2.11× | 0.26× | ||
| Q3 25 | — | -0.81× | ||
| Q2 25 | 2.31× | 2.02× | ||
| Q1 25 | — | — | ||
| Q4 24 | 13.89× | 0.38× | ||
| Q3 24 | 20.52× | -0.35× | ||
| 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% |
ERII
| Water Segment | $38.6M | 58% |
| Other | $11.0M | 16% |
| Original Equipment Manufacturer | $10.6M | 16% |
| Aftermarket | $6.6M | 10% |
