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Side-by-side financial comparison of AerSale Corp (ASLE) and Industrial Logistics Properties Trust (ILPT). Click either name above to swap in a different company.
Industrial Logistics Properties Trust is the larger business by last-quarter revenue ($113.9M vs $90.9M, roughly 1.3× AerSale Corp). AerSale Corp runs the higher net margin — 5.9% vs -1.6%, a 7.5% gap on every dollar of revenue. On growth, Industrial Logistics Properties Trust posted the faster year-over-year revenue change (3.1% vs -4.0%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $9.8M). Over the past eight quarters, Industrial Logistics Properties Trust's revenue compounded faster (0.7% 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.
Industrial Logistics Properties Trust is a real estate investment trust that owns and operates a portfolio of industrial and logistics real estate assets primarily across the United States. Its holdings include distribution centers, warehouses, and last-mile delivery properties, serving e-commerce, retail, manufacturing and supply chain operators to meet their storage and logistics operation needs.
ASLE vs ILPT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $90.9M | $113.9M |
| Net Profit | $5.4M | $-1.8M |
| Gross Margin | 34.1% | — |
| Operating Margin | 7.8% | -22.1% |
| Net Margin | 5.9% | -1.6% |
| Revenue YoY | -4.0% | 3.1% |
| Net Profit YoY | 99.7% | 92.6% |
| EPS (diluted) | $0.10 | $-0.02 |
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 | $113.9M | ||
| Q3 25 | $71.2M | $110.9M | ||
| Q2 25 | $107.4M | $112.1M | ||
| Q1 25 | $65.8M | $111.9M | ||
| Q4 24 | $94.7M | $110.5M | ||
| Q3 24 | $82.7M | $108.9M | ||
| Q2 24 | $77.1M | $110.6M | ||
| Q1 24 | $90.5M | $112.2M |
| Q4 25 | $5.4M | $-1.8M | ||
| Q3 25 | $-120.0K | $-21.6M | ||
| Q2 25 | $8.6M | $-21.3M | ||
| Q1 25 | $-5.3M | $-21.5M | ||
| Q4 24 | $2.7M | $-24.1M | ||
| Q3 24 | $509.0K | $-25.0M | ||
| Q2 24 | $-3.6M | $-23.2M | ||
| Q1 24 | $6.3M | $-23.4M |
| 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% | -22.1% | ||
| Q3 25 | 4.0% | -29.4% | ||
| Q2 25 | 11.7% | -30.8% | ||
| Q1 25 | -10.1% | -26.9% | ||
| Q4 24 | 5.2% | -31.1% | ||
| Q3 24 | 2.4% | -33.5% | ||
| Q2 24 | -2.4% | -32.4% | ||
| Q1 24 | 5.2% | -31.7% |
| Q4 25 | 5.9% | -1.6% | ||
| Q3 25 | -0.2% | -19.4% | ||
| Q2 25 | 8.0% | -19.0% | ||
| Q1 25 | -8.0% | -19.2% | ||
| Q4 24 | 2.9% | -21.8% | ||
| Q3 24 | 0.6% | -22.9% | ||
| Q2 24 | -4.7% | -20.9% | ||
| Q1 24 | 6.9% | -20.9% |
| Q4 25 | $0.10 | $-0.02 | ||
| Q3 25 | $0.00 | $-0.33 | ||
| Q2 25 | $0.18 | $-0.32 | ||
| Q1 25 | $-0.10 | $-0.33 | ||
| Q4 24 | $0.05 | $-0.37 | ||
| Q3 24 | $0.01 | $-0.38 | ||
| Q2 24 | $-0.07 | $-0.35 | ||
| Q1 24 | $0.12 | $-0.36 |
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 | $94.8M |
| Total DebtLower is stronger | $1.3M | $4.2B |
| Stockholders' EquityBook value | $424.4M | $489.7M |
| Total Assets | $640.5M | $5.2B |
| Debt / EquityLower = less leverage | 0.00× | 8.56× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4M | $94.8M | ||
| Q3 25 | $5.3M | $83.2M | ||
| Q2 25 | $5.7M | $58.6M | ||
| Q1 25 | $4.7M | $108.0M | ||
| Q4 24 | $4.7M | $131.7M | ||
| Q3 24 | $9.8M | $153.9M | ||
| Q2 24 | $4.3M | $146.2M | ||
| Q1 24 | $2.6M | $128.4M |
| Q4 25 | $1.3M | $4.2B | ||
| Q3 25 | $1.5M | $4.2B | ||
| Q2 25 | $907.0K | $4.2B | ||
| Q1 25 | $1.1M | $4.3B | ||
| Q4 24 | $1.2M | $4.3B | ||
| Q3 24 | $376.0K | $4.3B | ||
| Q2 24 | $522.0K | $4.3B | ||
| Q1 24 | $3.5M | $4.3B |
| Q4 25 | $424.4M | $489.7M | ||
| Q3 25 | $417.1M | $494.1M | ||
| Q2 25 | $415.9M | $519.1M | ||
| Q1 25 | $406.5M | $539.5M | ||
| Q4 24 | $455.6M | $562.0M | ||
| Q3 24 | $451.5M | $585.9M | ||
| Q2 24 | $449.8M | $618.3M | ||
| Q1 24 | $452.0M | $643.2M |
| Q4 25 | $640.5M | $5.2B | ||
| Q3 25 | $646.3M | $5.2B | ||
| Q2 25 | $646.7M | $5.2B | ||
| Q1 25 | $646.1M | $5.4B | ||
| Q4 24 | $604.7M | $5.4B | ||
| Q3 24 | $601.5M | $5.5B | ||
| Q2 24 | $598.7M | $5.5B | ||
| Q1 24 | $571.7M | $5.5B |
| Q4 25 | 0.00× | 8.56× | ||
| Q3 25 | 0.00× | 8.49× | ||
| Q2 25 | 0.00× | 8.09× | ||
| Q1 25 | 0.00× | 7.96× | ||
| Q4 24 | 0.00× | 7.65× | ||
| Q3 24 | 0.00× | 7.35× | ||
| Q2 24 | 0.00× | 6.96× | ||
| Q1 24 | 0.01× | 6.70× |
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 | $60.7M |
| Free Cash FlowOCF − Capex | $9.8M | $42.0M |
| FCF MarginFCF / Revenue | 10.8% | 36.9% |
| Capex IntensityCapex / Revenue | 1.7% | 16.4% |
| Cash ConversionOCF / Net Profit | 2.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-29.1M | $79.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | $60.7M | ||
| Q3 25 | $-8.9M | $22.7M | ||
| Q2 25 | $19.8M | $18.4M | ||
| Q1 25 | $-45.2M | $11.4M | ||
| Q4 24 | $37.5M | $2.0M | ||
| Q3 24 | $10.4M | $-3.4M | ||
| Q2 24 | $-15.3M | $10.8M | ||
| Q1 24 | $-21.5M | $8.0M |
| Q4 25 | $9.8M | $42.0M | ||
| Q3 25 | $-9.8M | $17.6M | ||
| Q2 25 | $18.6M | $15.2M | ||
| Q1 25 | $-47.6M | $5.0M | ||
| Q4 24 | $32.3M | $-3.7M | ||
| Q3 24 | $8.9M | $-5.9M | ||
| Q2 24 | $-18.9M | $9.4M | ||
| Q1 24 | $-25.0M | $5.9M |
| Q4 25 | 10.8% | 36.9% | ||
| Q3 25 | -13.8% | 15.9% | ||
| Q2 25 | 17.3% | 13.5% | ||
| Q1 25 | -72.4% | 4.5% | ||
| Q4 24 | 34.0% | -3.4% | ||
| Q3 24 | 10.7% | -5.5% | ||
| Q2 24 | -24.6% | 8.5% | ||
| Q1 24 | -27.7% | 5.2% |
| Q4 25 | 1.7% | 16.4% | ||
| Q3 25 | 1.3% | 4.6% | ||
| Q2 25 | 1.1% | 2.9% | ||
| Q1 25 | 3.7% | 5.7% | ||
| Q4 24 | 5.6% | 5.2% | ||
| Q3 24 | 1.9% | 2.3% | ||
| Q2 24 | 4.7% | 1.3% | ||
| Q1 24 | 3.9% | 1.9% |
| 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% |
ILPT
Segment breakdown not available.
