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Side-by-side financial comparison of AerSale Corp (ASLE) and Flywire Corp (FLYW). Click either name above to swap in a different company.
Flywire Corp is the larger business by last-quarter revenue ($157.5M vs $90.9M, roughly 1.7× AerSale Corp). AerSale Corp runs the higher net margin — 5.9% vs 0.0%, a 5.9% gap on every dollar of revenue. On growth, Flywire Corp posted the faster year-over-year revenue change (34.0% vs -4.0%). AerSale Corp produced more free cash flow last quarter ($9.8M vs $4.5M). Over the past eight quarters, Flywire Corp's revenue compounded faster (17.5% 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.
Flywire Corp is a global payment and receivables solutions provider serving core verticals including education, healthcare, travel, and B2B commerce. It offers secure cross-border payment processing, currency conversion, and workflow tools for organizations and payers worldwide.
ASLE vs FLYW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $90.9M | $157.5M |
| Net Profit | $5.4M | $33.0K |
| Gross Margin | 34.1% | — |
| Operating Margin | 7.8% | -0.6% |
| Net Margin | 5.9% | 0.0% |
| Revenue YoY | -4.0% | 34.0% |
| Net Profit YoY | 99.7% | 100.2% |
| EPS (diluted) | $0.10 | $0.01 |
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 | $157.5M | ||
| Q3 25 | $71.2M | $200.1M | ||
| Q2 25 | $107.4M | $131.9M | ||
| Q1 25 | $65.8M | $133.5M | ||
| Q4 24 | $94.7M | $117.5M | ||
| Q3 24 | $82.7M | $156.8M | ||
| Q2 24 | $77.1M | $103.7M | ||
| Q1 24 | $90.5M | $114.1M |
| Q4 25 | $5.4M | $33.0K | ||
| Q3 25 | $-120.0K | $29.6M | ||
| Q2 25 | $8.6M | $-12.0M | ||
| Q1 25 | $-5.3M | $-4.2M | ||
| Q4 24 | $2.7M | $-15.9M | ||
| Q3 24 | $509.0K | $38.9M | ||
| Q2 24 | $-3.6M | $-13.9M | ||
| Q1 24 | $6.3M | $-6.2M |
| 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% | -0.6% | ||
| Q3 25 | 4.0% | 16.1% | ||
| Q2 25 | 11.7% | -6.8% | ||
| Q1 25 | -10.1% | -8.2% | ||
| Q4 24 | 5.2% | -4.9% | ||
| Q3 24 | 2.4% | 12.9% | ||
| Q2 24 | -2.4% | -15.2% | ||
| Q1 24 | 5.2% | -5.2% |
| Q4 25 | 5.9% | 0.0% | ||
| Q3 25 | -0.2% | 14.8% | ||
| Q2 25 | 8.0% | -9.1% | ||
| Q1 25 | -8.0% | -3.1% | ||
| Q4 24 | 2.9% | -13.5% | ||
| Q3 24 | 0.6% | 24.8% | ||
| Q2 24 | -4.7% | -13.4% | ||
| Q1 24 | 6.9% | -5.4% |
| Q4 25 | $0.10 | $0.01 | ||
| Q3 25 | $0.00 | $0.23 | ||
| Q2 25 | $0.18 | $-0.10 | ||
| Q1 25 | $-0.10 | $-0.03 | ||
| Q4 24 | $0.05 | $-0.12 | ||
| Q3 24 | $0.01 | $0.30 | ||
| Q2 24 | $-0.07 | $-0.11 | ||
| Q1 24 | $0.12 | $-0.05 |
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 | $355.0M |
| Total DebtLower is stronger | $1.3M | — |
| Stockholders' EquityBook value | $424.4M | $835.2M |
| Total Assets | $640.5M | $1.3B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4M | $355.0M | ||
| Q3 25 | $5.3M | $377.3M | ||
| Q2 25 | $5.7M | $274.2M | ||
| Q1 25 | $4.7M | $255.3M | ||
| Q4 24 | $4.7M | $611.1M | ||
| Q3 24 | $9.8M | $681.1M | ||
| Q2 24 | $4.3M | $571.0M | ||
| Q1 24 | $2.6M | $619.0M |
| Q4 25 | $1.3M | — | ||
| Q3 25 | $1.5M | $15.0M | ||
| Q2 25 | $907.0K | $60.0M | ||
| Q1 25 | $1.1M | $60.0M | ||
| Q4 24 | $1.2M | $0 | ||
| Q3 24 | $376.0K | — | ||
| Q2 24 | $522.0K | — | ||
| Q1 24 | $3.5M | — |
| Q4 25 | $424.4M | $835.2M | ||
| Q3 25 | $417.1M | $829.1M | ||
| Q2 25 | $415.9M | $792.4M | ||
| Q1 25 | $406.5M | $784.3M | ||
| Q4 24 | $455.6M | $814.8M | ||
| Q3 24 | $451.5M | $843.2M | ||
| Q2 24 | $449.8M | $802.6M | ||
| Q1 24 | $452.0M | $-797.0M |
| Q4 25 | $640.5M | $1.3B | ||
| Q3 25 | $646.3M | $1.3B | ||
| Q2 25 | $646.7M | $1.1B | ||
| Q1 25 | $646.1M | $1.1B | ||
| Q4 24 | $604.7M | $1.1B | ||
| Q3 24 | $601.5M | $1.2B | ||
| Q2 24 | $598.7M | $998.7M | ||
| Q1 24 | $571.7M | $998.7M |
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | 0.02× | ||
| Q2 25 | 0.00× | 0.08× | ||
| Q1 25 | 0.00× | 0.08× | ||
| Q4 24 | 0.00× | 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 | $4.9M |
| Free Cash FlowOCF − Capex | $9.8M | $4.5M |
| FCF MarginFCF / Revenue | 10.8% | 2.9% |
| Capex IntensityCapex / Revenue | 1.7% | 0.2% |
| Cash ConversionOCF / Net Profit | 2.11× | 148.06× |
| TTM Free Cash FlowTrailing 4 quarters | $-29.1M | $98.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | $4.9M | ||
| Q3 25 | $-8.9M | $150.1M | ||
| Q2 25 | $19.8M | $24.1M | ||
| Q1 25 | $-45.2M | $-78.9M | ||
| Q4 24 | $37.5M | $-28.6M | ||
| Q3 24 | $10.4M | $184.6M | ||
| Q2 24 | $-15.3M | $-19.3M | ||
| Q1 24 | $-21.5M | $-38.1M |
| Q4 25 | $9.8M | $4.5M | ||
| Q3 25 | $-9.8M | $149.9M | ||
| Q2 25 | $18.6M | $23.5M | ||
| Q1 25 | $-47.6M | $-79.1M | ||
| Q4 24 | $32.3M | $-28.7M | ||
| Q3 24 | $8.9M | $184.4M | ||
| Q2 24 | $-18.9M | $-19.7M | ||
| Q1 24 | $-25.0M | $-38.3M |
| Q4 25 | 10.8% | 2.9% | ||
| Q3 25 | -13.8% | 74.9% | ||
| Q2 25 | 17.3% | 17.8% | ||
| Q1 25 | -72.4% | -59.3% | ||
| Q4 24 | 34.0% | -24.4% | ||
| Q3 24 | 10.7% | 117.6% | ||
| Q2 24 | -24.6% | -19.0% | ||
| Q1 24 | -27.7% | -33.6% |
| Q4 25 | 1.7% | 0.2% | ||
| Q3 25 | 1.3% | 0.1% | ||
| Q2 25 | 1.1% | 0.4% | ||
| Q1 25 | 3.7% | 0.1% | ||
| Q4 24 | 5.6% | 0.1% | ||
| Q3 24 | 1.9% | 0.1% | ||
| Q2 24 | 4.7% | 0.3% | ||
| Q1 24 | 3.9% | 0.2% |
| Q4 25 | 2.11× | 148.06× | ||
| Q3 25 | — | 5.07× | ||
| Q2 25 | 2.31× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 13.89× | — | ||
| Q3 24 | 20.52× | 4.75× | ||
| 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% |
FLYW
| Transactions | $126.4M | 80% |
| Platform And Other Revenues | $31.1M | 20% |
