vs
Side-by-side financial comparison of AerSale Corp (ASLE) and FTAI Infrastructure Inc. (FIP). Click either name above to swap in a different company.
FTAI Infrastructure Inc. is the larger business by last-quarter revenue ($143.5M vs $90.9M, roughly 1.6× AerSale Corp). AerSale Corp runs the higher net margin — 5.9% vs -68.1%, a 74.0% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs -4.0%). AerSale Corp produced more free cash flow last quarter ($9.8M vs $-68.6M). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% 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.
FTAI Infrastructure Inc. owns, operates and invests in high-quality critical infrastructure assets across core sectors including transportation logistics, midstream energy, and power generation. It primarily serves North American markets, focusing on assets with stable long-term cash flows, contracted revenue streams, and strong market positions to deliver sustainable returns for stakeholders.
ASLE vs FIP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $90.9M | $143.5M |
| Net Profit | $5.4M | $-97.7M |
| Gross Margin | 34.1% | — |
| Operating Margin | 7.8% | -45.7% |
| Net Margin | 5.9% | -68.1% |
| Revenue YoY | -4.0% | 77.7% |
| Net Profit YoY | 99.7% | 21.6% |
| EPS (diluted) | $0.10 | $-1.04 |
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 | $143.5M | ||
| Q3 25 | $71.2M | $140.6M | ||
| Q2 25 | $107.4M | $122.3M | ||
| Q1 25 | $65.8M | $96.2M | ||
| Q4 24 | $94.7M | $80.8M | ||
| Q3 24 | $82.7M | $83.3M | ||
| Q2 24 | $77.1M | $84.9M | ||
| Q1 24 | $90.5M | $82.5M |
| Q4 25 | $5.4M | $-97.7M | ||
| Q3 25 | $-120.0K | $-104.5M | ||
| Q2 25 | $8.6M | $-70.0M | ||
| Q1 25 | $-5.3M | $120.2M | ||
| Q4 24 | $2.7M | $-124.7M | ||
| Q3 24 | $509.0K | $-43.0M | ||
| Q2 24 | $-3.6M | $-48.1M | ||
| Q1 24 | $6.3M | $-50.3M |
| 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 | 7.8% | -45.7% | ||
| Q3 25 | 4.0% | -70.8% | ||
| Q2 25 | 11.7% | -56.4% | ||
| Q1 25 | -10.1% | 81.8% | ||
| Q4 24 | 5.2% | -152.7% | ||
| Q3 24 | 2.4% | -51.7% | ||
| Q2 24 | -2.4% | -56.4% | ||
| Q1 24 | 5.2% | -58.8% |
| Q4 25 | 5.9% | -68.1% | ||
| Q3 25 | -0.2% | -74.4% | ||
| Q2 25 | 8.0% | -57.2% | ||
| Q1 25 | -8.0% | 125.0% | ||
| Q4 24 | 2.9% | -154.4% | ||
| Q3 24 | 0.6% | -51.6% | ||
| Q2 24 | -4.7% | -56.7% | ||
| Q1 24 | 6.9% | -60.9% |
| Q4 25 | $0.10 | $-1.04 | ||
| Q3 25 | $0.00 | $-1.38 | ||
| Q2 25 | $0.18 | $-0.73 | ||
| Q1 25 | $-0.10 | $0.89 | ||
| Q4 24 | $0.05 | $-1.21 | ||
| Q3 24 | $0.01 | $-0.45 | ||
| Q2 24 | $-0.07 | $-0.52 | ||
| Q1 24 | $0.12 | $-0.54 |
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 | $57.4M |
| Total DebtLower is stronger | $1.3M | $3.8B |
| Stockholders' EquityBook value | $424.4M | $21.3M |
| Total Assets | $640.5M | $5.7B |
| Debt / EquityLower = less leverage | 0.00× | 176.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4M | $57.4M | ||
| Q3 25 | $5.3M | $34.7M | ||
| Q2 25 | $5.7M | $33.6M | ||
| Q1 25 | $4.7M | $26.3M | ||
| Q4 24 | $4.7M | $27.8M | ||
| Q3 24 | $9.8M | $20.3M | ||
| Q2 24 | $4.3M | $33.1M | ||
| Q1 24 | $2.6M | $23.0M |
| Q4 25 | $1.3M | $3.8B | ||
| Q3 25 | $1.5M | $3.7B | ||
| Q2 25 | $907.0K | $3.1B | ||
| Q1 25 | $1.1M | $2.8B | ||
| Q4 24 | $1.2M | $1.6B | ||
| Q3 24 | $376.0K | $1.5B | ||
| Q2 24 | $522.0K | $1.6B | ||
| Q1 24 | $3.5M | $1.3B |
| Q4 25 | $424.4M | $21.3M | ||
| Q3 25 | $417.1M | $181.1M | ||
| Q2 25 | $415.9M | $375.5M | ||
| Q1 25 | $406.5M | $476.2M | ||
| Q4 24 | $455.6M | $202.7M | ||
| Q3 24 | $451.5M | $370.8M | ||
| Q2 24 | $449.8M | $394.8M | ||
| Q1 24 | $452.0M | $402.5M |
| Q4 25 | $640.5M | $5.7B | ||
| Q3 25 | $646.3M | $5.5B | ||
| Q2 25 | $646.7M | $4.4B | ||
| Q1 25 | $646.1M | $4.1B | ||
| Q4 24 | $604.7M | $2.4B | ||
| Q3 24 | $601.5M | $2.4B | ||
| Q2 24 | $598.7M | $2.5B | ||
| Q1 24 | $571.7M | $2.3B |
| Q4 25 | 0.00× | 176.99× | ||
| Q3 25 | 0.00× | 20.59× | ||
| Q2 25 | 0.00× | 8.21× | ||
| Q1 25 | 0.00× | 5.79× | ||
| Q4 24 | 0.00× | 7.84× | ||
| Q3 24 | 0.00× | 4.14× | ||
| Q2 24 | 0.00× | 3.94× | ||
| Q1 24 | 0.01× | 3.34× |
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 | $-2.8M |
| Free Cash FlowOCF − Capex | $9.8M | $-68.6M |
| FCF MarginFCF / Revenue | 10.8% | -47.8% |
| Capex IntensityCapex / Revenue | 1.7% | 45.9% |
| Cash ConversionOCF / Net Profit | 2.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-29.1M | $-398.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | $-2.8M | ||
| Q3 25 | $-8.9M | $-24.4M | ||
| Q2 25 | $19.8M | $-5.2M | ||
| Q1 25 | $-45.2M | $-85.7M | ||
| Q4 24 | $37.5M | $-8.1M | ||
| Q3 24 | $10.4M | $14.2M | ||
| Q2 24 | $-15.3M | $-17.6M | ||
| Q1 24 | $-21.5M | $-3.9M |
| Q4 25 | $9.8M | $-68.6M | ||
| Q3 25 | $-9.8M | $-90.7M | ||
| Q2 25 | $18.6M | $-87.5M | ||
| Q1 25 | $-47.6M | $-151.7M | ||
| Q4 24 | $32.3M | $-34.3M | ||
| Q3 24 | $8.9M | $-11.7M | ||
| Q2 24 | $-18.9M | $-32.1M | ||
| Q1 24 | $-25.0M | $-16.7M |
| Q4 25 | 10.8% | -47.8% | ||
| Q3 25 | -13.8% | -64.5% | ||
| Q2 25 | 17.3% | -71.6% | ||
| Q1 25 | -72.4% | -157.7% | ||
| Q4 24 | 34.0% | -42.4% | ||
| Q3 24 | 10.7% | -14.0% | ||
| Q2 24 | -24.6% | -37.9% | ||
| Q1 24 | -27.7% | -20.3% |
| Q4 25 | 1.7% | 45.9% | ||
| Q3 25 | 1.3% | 47.2% | ||
| Q2 25 | 1.1% | 67.3% | ||
| Q1 25 | 3.7% | 68.6% | ||
| Q4 24 | 5.6% | 32.5% | ||
| Q3 24 | 1.9% | 31.1% | ||
| Q2 24 | 4.7% | 17.2% | ||
| Q1 24 | 3.9% | 15.6% |
| Q4 25 | 2.11× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.31× | — | ||
| Q1 25 | — | -0.71× | ||
| 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% |
FIP
| Power Revenues | $45.9M | 32% |
| Rail Revenue | $44.6M | 31% |
| Service Other | $22.8M | 16% |
| Gas Revenues | $15.3M | 11% |
| Roadside Services Revenues | $11.5M | 8% |
| Rapauno | $1.2M | 1% |
