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Side-by-side financial comparison of AerSale Corp (ASLE) and FLYEXCLUSIVE INC. (FLYX). Click either name above to swap in a different company.
FLYEXCLUSIVE INC. is the larger business by last-quarter revenue ($92.1M vs $90.9M, roughly 1.0× AerSale Corp). AerSale Corp runs the higher net margin — 5.9% vs -4.6%, a 10.6% gap on every dollar of revenue. On growth, FLYEXCLUSIVE INC. posted the faster year-over-year revenue change (19.8% vs -4.0%). AerSale Corp produced more free cash flow last quarter ($9.8M vs $-11.0M). Over the past eight quarters, FLYEXCLUSIVE INC.'s revenue compounded faster (21.9% 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.
FLYEXCLUSIVE INC. is a U.S.-headquartered private aviation services provider that offers private jet charter, aircraft management, maintenance repair, and fractional ownership programs. It primarily serves high-net-worth individuals, corporate clients, and government entities across North America, delivering personalized on-demand air travel solutions prioritizing safety and convenience.
ASLE vs FLYX — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $90.9M | $92.1M |
| Net Profit | $5.4M | $-4.3M |
| Gross Margin | 34.1% | 13.7% |
| Operating Margin | 7.8% | -12.3% |
| Net Margin | 5.9% | -4.6% |
| Revenue YoY | -4.0% | 19.8% |
| Net Profit YoY | 99.7% | 32.0% |
| EPS (diluted) | $0.10 | $-0.25 |
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 | — | ||
| Q3 25 | $71.2M | $92.1M | ||
| Q2 25 | $107.4M | $91.3M | ||
| Q1 25 | $65.8M | $88.1M | ||
| Q4 24 | $94.7M | — | ||
| Q3 24 | $82.7M | $76.9M | ||
| Q2 24 | $77.1M | $79.0M | ||
| Q1 24 | $90.5M | $80.0M |
| Q4 25 | $5.4M | — | ||
| Q3 25 | $-120.0K | $-4.3M | ||
| Q2 25 | $8.6M | $-4.8M | ||
| Q1 25 | $-5.3M | $-5.4M | ||
| Q4 24 | $2.7M | — | ||
| Q3 24 | $509.0K | $-6.3M | ||
| Q2 24 | $-3.6M | $-5.2M | ||
| Q1 24 | $6.3M | $-5.8M |
| Q4 25 | 34.1% | — | ||
| Q3 25 | 30.2% | 13.7% | ||
| Q2 25 | 32.9% | 15.0% | ||
| Q1 25 | 27.3% | 12.8% | ||
| Q4 24 | 31.4% | — | ||
| Q3 24 | 28.6% | 11.3% | ||
| Q2 24 | 28.2% | 7.9% | ||
| Q1 24 | 31.8% | 7.2% |
| Q4 25 | 7.8% | — | ||
| Q3 25 | 4.0% | -12.3% | ||
| Q2 25 | 11.7% | -13.5% | ||
| Q1 25 | -10.1% | -16.7% | ||
| Q4 24 | 5.2% | — | ||
| Q3 24 | 2.4% | -27.2% | ||
| Q2 24 | -2.4% | -27.6% | ||
| Q1 24 | 5.2% | -34.3% |
| Q4 25 | 5.9% | — | ||
| Q3 25 | -0.2% | -4.6% | ||
| Q2 25 | 8.0% | -5.2% | ||
| Q1 25 | -8.0% | -6.2% | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 0.6% | -8.2% | ||
| Q2 24 | -4.7% | -6.5% | ||
| Q1 24 | 6.9% | -7.3% |
| Q4 25 | $0.10 | — | ||
| Q3 25 | $0.00 | $-0.25 | ||
| Q2 25 | $0.18 | $-0.26 | ||
| Q1 25 | $-0.10 | $-0.30 | ||
| Q4 24 | $0.05 | — | ||
| Q3 24 | $0.01 | $-0.32 | ||
| Q2 24 | $-0.07 | $-0.32 | ||
| Q1 24 | $0.12 | $-0.35 |
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 | $18.7M |
| Total DebtLower is stronger | $1.3M | $123.9M |
| Stockholders' EquityBook value | $424.4M | $-434.2M |
| Total Assets | $640.5M | $448.1M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4M | — | ||
| Q3 25 | $5.3M | $18.7M | ||
| Q2 25 | $5.7M | $15.8M | ||
| Q1 25 | $4.7M | $14.7M | ||
| Q4 24 | $4.7M | — | ||
| Q3 24 | $9.8M | $18.7M | ||
| Q2 24 | $4.3M | $9.3M | ||
| Q1 24 | $2.6M | $5.3M |
| Q4 25 | $1.3M | — | ||
| Q3 25 | $1.5M | $123.9M | ||
| Q2 25 | $907.0K | $111.6M | ||
| Q1 25 | $1.1M | $121.6M | ||
| Q4 24 | $1.2M | — | ||
| Q3 24 | $376.0K | $197.9M | ||
| Q2 24 | $522.0K | $206.3M | ||
| Q1 24 | $3.5M | $209.4M |
| Q4 25 | $424.4M | — | ||
| Q3 25 | $417.1M | $-434.2M | ||
| Q2 25 | $415.9M | $-261.4M | ||
| Q1 25 | $406.5M | $-281.5M | ||
| Q4 24 | $455.6M | — | ||
| Q3 24 | $451.5M | $-192.0M | ||
| Q2 24 | $449.8M | $-149.7M | ||
| Q1 24 | $452.0M | $-149.5M |
| Q4 25 | $640.5M | — | ||
| Q3 25 | $646.3M | $448.1M | ||
| Q2 25 | $646.7M | $443.4M | ||
| Q1 25 | $646.1M | $466.8M | ||
| Q4 24 | $604.7M | — | ||
| Q3 24 | $601.5M | $487.1M | ||
| Q2 24 | $598.7M | $494.7M | ||
| Q1 24 | $571.7M | $524.1M |
| 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 | $-209.0K |
| Free Cash FlowOCF − Capex | $9.8M | $-11.0M |
| FCF MarginFCF / Revenue | 10.8% | -12.0% |
| Capex IntensityCapex / Revenue | 1.7% | 11.7% |
| Cash ConversionOCF / Net Profit | 2.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-29.1M | $-51.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | — | ||
| Q3 25 | $-8.9M | $-209.0K | ||
| Q2 25 | $19.8M | $363.0K | ||
| Q1 25 | $-45.2M | $-10.5M | ||
| Q4 24 | $37.5M | — | ||
| Q3 24 | $10.4M | $-12.3M | ||
| Q2 24 | $-15.3M | $-16.2M | ||
| Q1 24 | $-21.5M | $-26.0M |
| Q4 25 | $9.8M | — | ||
| Q3 25 | $-9.8M | $-11.0M | ||
| Q2 25 | $18.6M | $353.0K | ||
| Q1 25 | $-47.6M | $-14.6M | ||
| Q4 24 | $32.3M | — | ||
| Q3 24 | $8.9M | $-25.7M | ||
| Q2 24 | $-18.9M | $-26.6M | ||
| Q1 24 | $-25.0M | $-64.5M |
| Q4 25 | 10.8% | — | ||
| Q3 25 | -13.8% | -12.0% | ||
| Q2 25 | 17.3% | 0.4% | ||
| Q1 25 | -72.4% | -16.5% | ||
| Q4 24 | 34.0% | — | ||
| Q3 24 | 10.7% | -33.5% | ||
| Q2 24 | -24.6% | -33.7% | ||
| Q1 24 | -27.7% | -80.6% |
| Q4 25 | 1.7% | — | ||
| Q3 25 | 1.3% | 11.7% | ||
| Q2 25 | 1.1% | 0.0% | ||
| Q1 25 | 3.7% | 4.7% | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 1.9% | 17.5% | ||
| Q2 24 | 4.7% | 13.2% | ||
| Q1 24 | 3.9% | 48.2% |
| 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% |
FLYX
Segment breakdown not available.
