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Side-by-side financial comparison of AerSale Corp (ASLE) and indie Semiconductor, Inc. (INDI). Click either name above to swap in a different company.

AerSale Corp is the larger business by last-quarter revenue ($90.9M vs $58.0M, roughly 1.6× indie Semiconductor, Inc.). AerSale Corp runs the higher net margin — 5.9% vs -53.8%, a 59.8% gap on every dollar of revenue. On growth, indie Semiconductor, Inc. posted the faster year-over-year revenue change (-0.0% vs -4.0%). AerSale Corp produced more free cash flow last quarter ($9.8M vs $-16.1M). Over the past eight quarters, indie Semiconductor, Inc.'s revenue compounded faster (5.3% 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.

indie Semiconductor is a fabless semiconductor manufacturer focused on designing high-performance mixed-signal and embedded system-on-chip solutions for the automotive industry. Its products support advanced driver assistance systems, in-vehicle infotainment, connected car, and electric vehicle applications, serving global auto OEMs and tier 1 suppliers across major global markets.

ASLE vs INDI — Head-to-Head

Bigger by revenue
ASLE
ASLE
1.6× larger
ASLE
$90.9M
$58.0M
INDI
Growing faster (revenue YoY)
INDI
INDI
+4.0% gap
INDI
-0.0%
-4.0%
ASLE
Higher net margin
ASLE
ASLE
59.8% more per $
ASLE
5.9%
-53.8%
INDI
More free cash flow
ASLE
ASLE
$25.9M more FCF
ASLE
$9.8M
$-16.1M
INDI
Faster 2-yr revenue CAGR
INDI
INDI
Annualised
INDI
5.3%
0.2%
ASLE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ASLE
ASLE
INDI
INDI
Revenue
$90.9M
$58.0M
Net Profit
$5.4M
$-31.2M
Gross Margin
34.1%
37.3%
Operating Margin
7.8%
-58.5%
Net Margin
5.9%
-53.8%
Revenue YoY
-4.0%
-0.0%
Net Profit YoY
99.7%
9.1%
EPS (diluted)
$0.10
$-0.16

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.

Revenue
ASLE
ASLE
INDI
INDI
Q4 25
$90.9M
$58.0M
Q3 25
$71.2M
$53.7M
Q2 25
$107.4M
$51.6M
Q1 25
$65.8M
$54.1M
Q4 24
$94.7M
$58.0M
Q3 24
$82.7M
$54.0M
Q2 24
$77.1M
$52.4M
Q1 24
$90.5M
$52.4M
Net Profit
ASLE
ASLE
INDI
INDI
Q4 25
$5.4M
$-31.2M
Q3 25
$-120.0K
$-38.3M
Q2 25
$8.6M
$-39.0M
Q1 25
$-5.3M
$-34.5M
Q4 24
$2.7M
$-34.4M
Q3 24
$509.0K
$-49.7M
Q2 24
$-3.6M
$-19.2M
Q1 24
$6.3M
$-31.2M
Gross Margin
ASLE
ASLE
INDI
INDI
Q4 25
34.1%
37.3%
Q3 25
30.2%
40.1%
Q2 25
32.9%
40.6%
Q1 25
27.3%
41.7%
Q4 24
31.4%
42.6%
Q3 24
28.6%
39.3%
Q2 24
28.2%
42.2%
Q1 24
31.8%
42.5%
Operating Margin
ASLE
ASLE
INDI
INDI
Q4 25
7.8%
-58.5%
Q3 25
4.0%
-71.4%
Q2 25
11.7%
-83.3%
Q1 25
-10.1%
-72.0%
Q4 24
5.2%
-58.4%
Q3 24
2.4%
-92.5%
Q2 24
-2.4%
-70.0%
Q1 24
5.2%
-94.8%
Net Margin
ASLE
ASLE
INDI
INDI
Q4 25
5.9%
-53.8%
Q3 25
-0.2%
-71.3%
Q2 25
8.0%
-75.6%
Q1 25
-8.0%
-63.9%
Q4 24
2.9%
-59.2%
Q3 24
0.6%
-92.1%
Q2 24
-4.7%
-36.6%
Q1 24
6.9%
-59.6%
EPS (diluted)
ASLE
ASLE
INDI
INDI
Q4 25
$0.10
$-0.16
Q3 25
$0.00
$-0.19
Q2 25
$0.18
$-0.20
Q1 25
$-0.10
$-0.18
Q4 24
$0.05
$-0.18
Q3 24
$0.01
$-0.28
Q2 24
$-0.07
$-0.11
Q1 24
$0.12
$-0.19

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASLE
ASLE
INDI
INDI
Cash + ST InvestmentsLiquidity on hand
$4.4M
$145.5M
Total DebtLower is stronger
$1.3M
$353.4M
Stockholders' EquityBook value
$424.4M
$358.0M
Total Assets
$640.5M
$840.8M
Debt / EquityLower = less leverage
0.00×
0.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASLE
ASLE
INDI
INDI
Q4 25
$4.4M
$145.5M
Q3 25
$5.3M
$160.9M
Q2 25
$5.7M
$192.6M
Q1 25
$4.7M
$236.6M
Q4 24
$4.7M
$274.2M
Q3 24
$9.8M
$96.9M
Q2 24
$4.3M
$112.3M
Q1 24
$2.6M
$138.2M
Total Debt
ASLE
ASLE
INDI
INDI
Q4 25
$1.3M
$353.4M
Q3 25
$1.5M
$353.5M
Q2 25
$907.0K
$352.5M
Q1 25
$1.1M
$379.0M
Q4 24
$1.2M
$381.3M
Q3 24
$376.0K
Q2 24
$522.0K
Q1 24
$3.5M
Stockholders' Equity
ASLE
ASLE
INDI
INDI
Q4 25
$424.4M
$358.0M
Q3 25
$417.1M
$369.2M
Q2 25
$415.9M
$390.4M
Q1 25
$406.5M
$405.6M
Q4 24
$455.6M
$417.9M
Q3 24
$451.5M
$458.6M
Q2 24
$449.8M
$470.7M
Q1 24
$452.0M
$432.9M
Total Assets
ASLE
ASLE
INDI
INDI
Q4 25
$640.5M
$840.8M
Q3 25
$646.3M
$855.1M
Q2 25
$646.7M
$867.6M
Q1 25
$646.1M
$909.0M
Q4 24
$604.7M
$941.4M
Q3 24
$601.5M
$797.5M
Q2 24
$598.7M
$797.3M
Q1 24
$571.7M
$803.6M
Debt / Equity
ASLE
ASLE
INDI
INDI
Q4 25
0.00×
0.99×
Q3 25
0.00×
0.96×
Q2 25
0.00×
0.90×
Q1 25
0.00×
0.93×
Q4 24
0.00×
0.91×
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
ASLE
ASLE
INDI
INDI
Operating Cash FlowLast quarter
$11.4M
$-14.4M
Free Cash FlowOCF − Capex
$9.8M
$-16.1M
FCF MarginFCF / Revenue
10.8%
-27.8%
Capex IntensityCapex / Revenue
1.7%
3.0%
Cash ConversionOCF / Net Profit
2.11×
TTM Free Cash FlowTrailing 4 quarters
$-29.1M
$-71.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASLE
ASLE
INDI
INDI
Q4 25
$11.4M
$-14.4M
Q3 25
$-8.9M
$-6.2M
Q2 25
$19.8M
$-7.6M
Q1 25
$-45.2M
$-29.0M
Q4 24
$37.5M
$-6.7M
Q3 24
$10.4M
$-22.8M
Q2 24
$-15.3M
$-19.7M
Q1 24
$-21.5M
$-9.3M
Free Cash Flow
ASLE
ASLE
INDI
INDI
Q4 25
$9.8M
$-16.1M
Q3 25
$-9.8M
$-10.3M
Q2 25
$18.6M
$-13.6M
Q1 25
$-47.6M
$-31.4M
Q4 24
$32.3M
$-8.6M
Q3 24
$8.9M
$-29.3M
Q2 24
$-18.9M
$-23.4M
Q1 24
$-25.0M
$-11.7M
FCF Margin
ASLE
ASLE
INDI
INDI
Q4 25
10.8%
-27.8%
Q3 25
-13.8%
-19.2%
Q2 25
17.3%
-26.4%
Q1 25
-72.4%
-58.0%
Q4 24
34.0%
-14.8%
Q3 24
10.7%
-54.3%
Q2 24
-24.6%
-44.7%
Q1 24
-27.7%
-22.3%
Capex Intensity
ASLE
ASLE
INDI
INDI
Q4 25
1.7%
3.0%
Q3 25
1.3%
7.8%
Q2 25
1.1%
11.6%
Q1 25
3.7%
4.4%
Q4 24
5.6%
3.2%
Q3 24
1.9%
12.1%
Q2 24
4.7%
7.0%
Q1 24
3.9%
4.4%
Cash Conversion
ASLE
ASLE
INDI
INDI
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
ASLE

Products$57.8M64%
Maintenance$23.2M26%
Leasing Arrangements$9.9M11%

INDI
INDI

Products$55.7M96%
Services$2.3M4%

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