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Side-by-side financial comparison of AerSale Corp (ASLE) and HORIZON BANCORP INC (HBNC). Click either name above to swap in a different company.
AerSale Corp is the larger business by last-quarter revenue ($90.9M vs $63.5M, roughly 1.4× HORIZON BANCORP INC). HORIZON BANCORP INC runs the higher net margin — 42.4% vs 5.9%, a 36.5% gap on every dollar of revenue. On growth, HORIZON BANCORP INC posted the faster year-over-year revenue change (19.5% vs -4.0%). HORIZON BANCORP INC produced more free cash flow last quarter ($74.3M vs $9.8M). Over the past eight quarters, HORIZON BANCORP INC's revenue compounded faster (9.2% 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.
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
ASLE vs HBNC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $90.9M | $63.5M |
| Net Profit | $5.4M | $26.9M |
| Gross Margin | 34.1% | — |
| Operating Margin | 7.8% | 51.5% |
| Net Margin | 5.9% | 42.4% |
| Revenue YoY | -4.0% | 19.5% |
| Net Profit YoY | 99.7% | 347.4% |
| EPS (diluted) | $0.10 | $0.44 |
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 | $63.5M | ||
| Q3 25 | $71.2M | $58.4M | ||
| Q2 25 | $107.4M | $66.3M | ||
| Q1 25 | $65.8M | $68.8M | ||
| Q4 24 | $94.7M | $53.1M | ||
| Q3 24 | $82.7M | $58.4M | ||
| Q2 24 | $77.1M | $55.8M | ||
| Q1 24 | $90.5M | $53.2M |
| Q4 25 | $5.4M | $26.9M | ||
| Q3 25 | $-120.0K | $-222.0M | ||
| Q2 25 | $8.6M | $20.6M | ||
| Q1 25 | $-5.3M | $23.9M | ||
| Q4 24 | $2.7M | $-10.9M | ||
| Q3 24 | $509.0K | $18.2M | ||
| Q2 24 | $-3.6M | $14.1M | ||
| Q1 24 | $6.3M | $14.0M |
| 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% | 51.5% | ||
| Q3 25 | 4.0% | -490.4% | ||
| Q2 25 | 11.7% | 36.8% | ||
| Q1 25 | -10.1% | 40.8% | ||
| Q4 24 | 5.2% | -41.3% | ||
| Q3 24 | 2.4% | 31.0% | ||
| Q2 24 | -2.4% | 28.5% | ||
| Q1 24 | 5.2% | 28.8% |
| Q4 25 | 5.9% | 42.4% | ||
| Q3 25 | -0.2% | -380.2% | ||
| Q2 25 | 8.0% | 31.1% | ||
| Q1 25 | -8.0% | 34.8% | ||
| Q4 24 | 2.9% | -20.5% | ||
| Q3 24 | 0.6% | 31.1% | ||
| Q2 24 | -4.7% | 25.4% | ||
| Q1 24 | 6.9% | 26.3% |
| Q4 25 | $0.10 | $0.44 | ||
| Q3 25 | $0.00 | $-4.69 | ||
| Q2 25 | $0.18 | $0.47 | ||
| Q1 25 | $-0.10 | $0.54 | ||
| Q4 24 | $0.05 | $-0.25 | ||
| Q3 24 | $0.01 | $0.41 | ||
| Q2 24 | $-0.07 | $0.32 | ||
| Q1 24 | $0.12 | $0.32 |
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 | $139.5M |
| Total DebtLower is stronger | $1.3M | $248.6M |
| Stockholders' EquityBook value | $424.4M | $688.3M |
| Total Assets | $640.5M | $6.4B |
| Debt / EquityLower = less leverage | 0.00× | 0.36× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4M | $139.5M | ||
| Q3 25 | $5.3M | $458.3M | ||
| Q2 25 | $5.7M | $137.9M | ||
| Q1 25 | $4.7M | $169.7M | ||
| Q4 24 | $4.7M | $293.4M | ||
| Q3 24 | $9.8M | $234.8M | ||
| Q2 24 | $4.3M | $146.1M | ||
| Q1 24 | $2.6M | — |
| Q4 25 | $1.3M | $248.6M | ||
| Q3 25 | $1.5M | — | ||
| Q2 25 | $907.0K | — | ||
| Q1 25 | $1.1M | — | ||
| Q4 24 | $1.2M | $1.2B | ||
| Q3 24 | $376.0K | — | ||
| Q2 24 | $522.0K | — | ||
| Q1 24 | $3.5M | — |
| Q4 25 | $424.4M | $688.3M | ||
| Q3 25 | $417.1M | $660.8M | ||
| Q2 25 | $415.9M | $790.9M | ||
| Q1 25 | $406.5M | $776.1M | ||
| Q4 24 | $455.6M | $763.6M | ||
| Q3 24 | $451.5M | $754.8M | ||
| Q2 24 | $449.8M | $726.7M | ||
| Q1 24 | $452.0M | $721.3M |
| Q4 25 | $640.5M | $6.4B | ||
| Q3 25 | $646.3M | $6.7B | ||
| Q2 25 | $646.7M | $7.7B | ||
| Q1 25 | $646.1M | $7.6B | ||
| Q4 24 | $604.7M | $7.8B | ||
| Q3 24 | $601.5M | $7.9B | ||
| Q2 24 | $598.7M | $7.9B | ||
| Q1 24 | $571.7M | $7.9B |
| Q4 25 | 0.00× | 0.36× | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.00× | 1.61× | ||
| 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 | $79.2M |
| Free Cash FlowOCF − Capex | $9.8M | $74.3M |
| FCF MarginFCF / Revenue | 10.8% | 117.0% |
| Capex IntensityCapex / Revenue | 1.7% | 7.8% |
| Cash ConversionOCF / Net Profit | 2.11× | 2.94× |
| TTM Free Cash FlowTrailing 4 quarters | $-29.1M | $115.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | $79.2M | ||
| Q3 25 | $-8.9M | $10.9M | ||
| Q2 25 | $19.8M | $19.5M | ||
| Q1 25 | $-45.2M | $15.2M | ||
| Q4 24 | $37.5M | $6.4M | ||
| Q3 24 | $10.4M | $32.3M | ||
| Q2 24 | $-15.3M | $15.9M | ||
| Q1 24 | $-21.5M | $6.5M |
| Q4 25 | $9.8M | $74.3M | ||
| Q3 25 | $-9.8M | $9.4M | ||
| Q2 25 | $18.6M | $18.1M | ||
| Q1 25 | $-47.6M | $14.1M | ||
| Q4 24 | $32.3M | $1.3M | ||
| Q3 24 | $8.9M | $31.0M | ||
| Q2 24 | $-18.9M | $15.1M | ||
| Q1 24 | $-25.0M | $5.4M |
| Q4 25 | 10.8% | 117.0% | ||
| Q3 25 | -13.8% | 16.1% | ||
| Q2 25 | 17.3% | 27.3% | ||
| Q1 25 | -72.4% | 20.5% | ||
| Q4 24 | 34.0% | 2.4% | ||
| Q3 24 | 10.7% | 53.1% | ||
| Q2 24 | -24.6% | 27.1% | ||
| Q1 24 | -27.7% | 10.1% |
| Q4 25 | 1.7% | 7.8% | ||
| Q3 25 | 1.3% | 2.6% | ||
| Q2 25 | 1.1% | 2.1% | ||
| Q1 25 | 3.7% | 1.6% | ||
| Q4 24 | 5.6% | 9.6% | ||
| Q3 24 | 1.9% | 2.2% | ||
| Q2 24 | 4.7% | 1.5% | ||
| Q1 24 | 3.9% | 2.2% |
| Q4 25 | 2.11× | 2.94× | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.31× | 0.94× | ||
| Q1 25 | — | 0.64× | ||
| Q4 24 | 13.89× | — | ||
| Q3 24 | 20.52× | 1.78× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | -3.42× | 0.47× |
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% |
HBNC
Segment breakdown not available.
