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Side-by-side financial comparison of AerSale Corp (ASLE) and INDEPENDENCE REALTY TRUST, INC. (IRT). Click either name above to swap in a different company.

INDEPENDENCE REALTY TRUST, INC. is the larger business by last-quarter revenue ($165.3M vs $90.9M, roughly 1.8× AerSale Corp). On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (2.5% vs -4.0%). Over the past eight quarters, INDEPENDENCE REALTY TRUST, INC.'s revenue compounded faster (2.2% 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.

Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.

ASLE vs IRT — Head-to-Head

Bigger by revenue
IRT
IRT
1.8× larger
IRT
$165.3M
$90.9M
ASLE
Growing faster (revenue YoY)
IRT
IRT
+6.5% gap
IRT
2.5%
-4.0%
ASLE
Faster 2-yr revenue CAGR
IRT
IRT
Annualised
IRT
2.2%
0.2%
ASLE

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ASLE
ASLE
IRT
IRT
Revenue
$90.9M
$165.3M
Net Profit
$5.4M
Gross Margin
34.1%
Operating Margin
7.8%
Net Margin
5.9%
Revenue YoY
-4.0%
2.5%
Net Profit YoY
99.7%
EPS (diluted)
$0.10
$0.00

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
IRT
IRT
Q1 26
$165.3M
Q4 25
$90.9M
$167.1M
Q3 25
$71.2M
$167.1M
Q2 25
$107.4M
$162.2M
Q1 25
$65.8M
$161.2M
Q4 24
$94.7M
$161.0M
Q3 24
$82.7M
$160.1M
Q2 24
$77.1M
$158.4M
Net Profit
ASLE
ASLE
IRT
IRT
Q1 26
Q4 25
$5.4M
$33.3M
Q3 25
$-120.0K
$6.9M
Q2 25
$8.6M
$8.0M
Q1 25
$-5.3M
$8.4M
Q4 24
$2.7M
$-1.0M
Q3 24
$509.0K
$12.4M
Q2 24
$-3.6M
$10.4M
Gross Margin
ASLE
ASLE
IRT
IRT
Q1 26
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%
Operating Margin
ASLE
ASLE
IRT
IRT
Q1 26
Q4 25
7.8%
Q3 25
4.0%
Q2 25
11.7%
Q1 25
-10.1%
Q4 24
5.2%
Q3 24
2.4%
Q2 24
-2.4%
Net Margin
ASLE
ASLE
IRT
IRT
Q1 26
Q4 25
5.9%
19.9%
Q3 25
-0.2%
4.1%
Q2 25
8.0%
5.0%
Q1 25
-8.0%
5.2%
Q4 24
2.9%
-0.6%
Q3 24
0.6%
7.7%
Q2 24
-4.7%
6.5%
EPS (diluted)
ASLE
ASLE
IRT
IRT
Q1 26
$0.00
Q4 25
$0.10
$0.14
Q3 25
$0.00
$0.03
Q2 25
$0.18
$0.03
Q1 25
$-0.10
$0.04
Q4 24
$0.05
$-0.01
Q3 24
$0.01
$0.05
Q2 24
$-0.07
$0.05

Balance Sheet & Financial Strength

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

Metric
ASLE
ASLE
IRT
IRT
Cash + ST InvestmentsLiquidity on hand
$4.4M
$23.3M
Total DebtLower is stronger
$1.3M
Stockholders' EquityBook value
$424.4M
$3.4B
Total Assets
$640.5M
$6.1B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASLE
ASLE
IRT
IRT
Q1 26
$23.3M
Q4 25
$4.4M
$23.6M
Q3 25
$5.3M
$23.3M
Q2 25
$5.7M
$19.5M
Q1 25
$4.7M
$29.1M
Q4 24
$4.7M
$21.2M
Q3 24
$9.8M
$17.6M
Q2 24
$4.3M
$21.0M
Total Debt
ASLE
ASLE
IRT
IRT
Q1 26
Q4 25
$1.3M
$2.3B
Q3 25
$1.5M
$2.3B
Q2 25
$907.0K
$2.2B
Q1 25
$1.1M
$2.3B
Q4 24
$1.2M
$2.3B
Q3 24
$376.0K
$2.3B
Q2 24
$522.0K
$2.3B
Stockholders' Equity
ASLE
ASLE
IRT
IRT
Q1 26
$3.4B
Q4 25
$424.4M
$3.5B
Q3 25
$417.1M
$3.5B
Q2 25
$415.9M
$3.4B
Q1 25
$406.5M
$3.5B
Q4 24
$455.6M
$3.4B
Q3 24
$451.5M
$3.4B
Q2 24
$449.8M
$3.4B
Total Assets
ASLE
ASLE
IRT
IRT
Q1 26
$6.1B
Q4 25
$640.5M
$6.0B
Q3 25
$646.3M
$6.1B
Q2 25
$646.7M
$6.0B
Q1 25
$646.1M
$6.0B
Q4 24
$604.7M
$6.1B
Q3 24
$601.5M
$5.9B
Q2 24
$598.7M
$5.9B
Debt / Equity
ASLE
ASLE
IRT
IRT
Q1 26
Q4 25
0.00×
0.66×
Q3 25
0.00×
0.66×
Q2 25
0.00×
0.66×
Q1 25
0.00×
0.65×
Q4 24
0.00×
0.68×
Q3 24
0.00×
0.68×
Q2 24
0.00×
0.66×

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
IRT
IRT
Operating Cash FlowLast quarter
$11.4M
Free Cash FlowOCF − Capex
$9.8M
FCF MarginFCF / Revenue
10.8%
Capex IntensityCapex / Revenue
1.7%
Cash ConversionOCF / Net Profit
2.11×
TTM Free Cash FlowTrailing 4 quarters
$-29.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASLE
ASLE
IRT
IRT
Q1 26
Q4 25
$11.4M
$282.1M
Q3 25
$-8.9M
$79.3M
Q2 25
$19.8M
$82.2M
Q1 25
$-45.2M
$60.4M
Q4 24
$37.5M
$259.8M
Q3 24
$10.4M
$69.2M
Q2 24
$-15.3M
$83.0M
Free Cash Flow
ASLE
ASLE
IRT
IRT
Q1 26
Q4 25
$9.8M
Q3 25
$-9.8M
Q2 25
$18.6M
Q1 25
$-47.6M
Q4 24
$32.3M
Q3 24
$8.9M
Q2 24
$-18.9M
FCF Margin
ASLE
ASLE
IRT
IRT
Q1 26
Q4 25
10.8%
Q3 25
-13.8%
Q2 25
17.3%
Q1 25
-72.4%
Q4 24
34.0%
Q3 24
10.7%
Q2 24
-24.6%
Capex Intensity
ASLE
ASLE
IRT
IRT
Q1 26
Q4 25
1.7%
Q3 25
1.3%
Q2 25
1.1%
Q1 25
3.7%
Q4 24
5.6%
Q3 24
1.9%
Q2 24
4.7%
Cash Conversion
ASLE
ASLE
IRT
IRT
Q1 26
Q4 25
2.11×
8.48×
Q3 25
11.51×
Q2 25
2.31×
10.22×
Q1 25
7.23×
Q4 24
13.89×
Q3 24
20.52×
5.60×
Q2 24
8.02×

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%

IRT
IRT

Rental and other property revenue$165.2M100%
Other revenue$109.0K0%

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