vs
Side-by-side financial comparison of AerSale Corp (ASLE) and Limbach Holdings, Inc. (LMB). Click either name above to swap in a different company.
Limbach Holdings, Inc. is the larger business by last-quarter revenue ($138.9M vs $90.9M, roughly 1.5× AerSale Corp). AerSale Corp runs the higher net margin — 5.9% vs 3.2%, a 2.8% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (4.3% vs -4.0%). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (6.6% 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.
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
ASLE vs LMB — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $90.9M | $138.9M |
| Net Profit | $5.4M | $4.4M |
| Gross Margin | 34.1% | 22.4% |
| Operating Margin | 7.8% | 0.8% |
| Net Margin | 5.9% | 3.2% |
| Revenue YoY | -4.0% | 4.3% |
| Net Profit YoY | 99.7% | — |
| EPS (diluted) | $0.10 | $0.36 |
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.
| Q1 26 | — | $138.9M | ||
| Q4 25 | $90.9M | $186.9M | ||
| Q3 25 | $71.2M | $184.6M | ||
| Q2 25 | $107.4M | $142.2M | ||
| Q1 25 | $65.8M | $133.1M | ||
| Q4 24 | $94.7M | $143.7M | ||
| Q3 24 | $82.7M | $133.9M | ||
| Q2 24 | $77.1M | $122.2M |
| Q1 26 | — | $4.4M | ||
| Q4 25 | $5.4M | $12.3M | ||
| Q3 25 | $-120.0K | $8.8M | ||
| Q2 25 | $8.6M | $7.8M | ||
| Q1 25 | $-5.3M | $10.2M | ||
| Q4 24 | $2.7M | $9.8M | ||
| Q3 24 | $509.0K | $7.5M | ||
| Q2 24 | $-3.6M | $6.0M |
| Q1 26 | — | 22.4% | ||
| Q4 25 | 34.1% | 25.7% | ||
| Q3 25 | 30.2% | 24.2% | ||
| Q2 25 | 32.9% | 28.0% | ||
| Q1 25 | 27.3% | 27.6% | ||
| Q4 24 | 31.4% | 30.3% | ||
| Q3 24 | 28.6% | 27.0% | ||
| Q2 24 | 28.2% | 27.4% |
| Q1 26 | — | 0.8% | ||
| Q4 25 | 7.8% | 9.4% | ||
| Q3 25 | 4.0% | 7.2% | ||
| Q2 25 | 11.7% | 7.5% | ||
| Q1 25 | -10.1% | 5.9% | ||
| Q4 24 | 5.2% | 9.1% | ||
| Q3 24 | 2.4% | 8.1% | ||
| Q2 24 | -2.4% | 6.7% |
| Q1 26 | — | 3.2% | ||
| Q4 25 | 5.9% | 6.6% | ||
| Q3 25 | -0.2% | 4.8% | ||
| Q2 25 | 8.0% | 5.5% | ||
| Q1 25 | -8.0% | 7.7% | ||
| Q4 24 | 2.9% | 6.9% | ||
| Q3 24 | 0.6% | 5.6% | ||
| Q2 24 | -4.7% | 4.9% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | $0.10 | $1.01 | ||
| Q3 25 | $0.00 | $0.73 | ||
| Q2 25 | $0.18 | $0.64 | ||
| Q1 25 | $-0.10 | $0.85 | ||
| Q4 24 | $0.05 | $0.81 | ||
| Q3 24 | $0.01 | $0.62 | ||
| Q2 24 | $-0.07 | $0.50 |
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 | $15.8M |
| Total DebtLower is stronger | $1.3M | $56.6M |
| Stockholders' EquityBook value | $424.4M | $196.3M |
| Total Assets | $640.5M | $377.0M |
| Debt / EquityLower = less leverage | 0.00× | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $15.8M | ||
| Q4 25 | $4.4M | $11.3M | ||
| Q3 25 | $5.3M | $9.8M | ||
| Q2 25 | $5.7M | $38.9M | ||
| Q1 25 | $4.7M | $38.1M | ||
| Q4 24 | $4.7M | $44.9M | ||
| Q3 24 | $9.8M | $51.2M | ||
| Q2 24 | $4.3M | $59.5M |
| Q1 26 | — | $56.6M | ||
| Q4 25 | $1.3M | $30.5M | ||
| Q3 25 | $1.5M | $56.3M | ||
| Q2 25 | $907.0K | $28.4M | ||
| Q1 25 | $1.1M | $23.7M | ||
| Q4 24 | $1.2M | $23.6M | ||
| Q3 24 | $376.0K | $20.5M | ||
| Q2 24 | $522.0K | $19.7M |
| Q1 26 | — | $196.3M | ||
| Q4 25 | $424.4M | $195.7M | ||
| Q3 25 | $417.1M | $181.6M | ||
| Q2 25 | $415.9M | $170.5M | ||
| Q1 25 | $406.5M | $161.1M | ||
| Q4 24 | $455.6M | $153.5M | ||
| Q3 24 | $451.5M | $142.2M | ||
| Q2 24 | $449.8M | $133.0M |
| Q1 26 | — | $377.0M | ||
| Q4 25 | $640.5M | $381.1M | ||
| Q3 25 | $646.3M | $409.1M | ||
| Q2 25 | $646.7M | $343.0M | ||
| Q1 25 | $646.1M | $336.4M | ||
| Q4 24 | $604.7M | $352.1M | ||
| Q3 24 | $601.5M | $324.4M | ||
| Q2 24 | $598.7M | $303.9M |
| Q1 26 | — | 0.29× | ||
| Q4 25 | 0.00× | 0.16× | ||
| Q3 25 | 0.00× | 0.31× | ||
| Q2 25 | 0.00× | 0.17× | ||
| Q1 25 | 0.00× | 0.15× | ||
| Q4 24 | 0.00× | 0.15× | ||
| Q3 24 | 0.00× | 0.14× | ||
| Q2 24 | 0.00× | 0.15× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $11.4M | $28.1M | ||
| Q3 25 | $-8.9M | $13.3M | ||
| Q2 25 | $19.8M | $2.0M | ||
| Q1 25 | $-45.2M | $2.2M | ||
| Q4 24 | $37.5M | $19.3M | ||
| Q3 24 | $10.4M | $4.9M | ||
| Q2 24 | $-15.3M | $16.5M |
| Q1 26 | — | — | ||
| Q4 25 | $9.8M | $27.9M | ||
| Q3 25 | $-9.8M | $12.8M | ||
| Q2 25 | $18.6M | $1.2M | ||
| Q1 25 | $-47.6M | $11.0K | ||
| Q4 24 | $32.3M | $18.0M | ||
| Q3 24 | $8.9M | $4.6M | ||
| Q2 24 | $-18.9M | $13.2M |
| Q1 26 | — | — | ||
| Q4 25 | 10.8% | 14.9% | ||
| Q3 25 | -13.8% | 7.0% | ||
| Q2 25 | 17.3% | 0.8% | ||
| Q1 25 | -72.4% | 0.0% | ||
| Q4 24 | 34.0% | 12.5% | ||
| Q3 24 | 10.7% | 3.4% | ||
| Q2 24 | -24.6% | 10.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 0.1% | ||
| Q3 25 | 1.3% | 0.3% | ||
| Q2 25 | 1.1% | 0.6% | ||
| Q1 25 | 3.7% | 1.7% | ||
| Q4 24 | 5.6% | 0.9% | ||
| Q3 24 | 1.9% | 0.3% | ||
| Q2 24 | 4.7% | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.11× | 2.29× | ||
| Q3 25 | — | 1.52× | ||
| Q2 25 | 2.31× | 0.26× | ||
| Q1 25 | — | 0.22× | ||
| Q4 24 | 13.89× | 1.96× | ||
| Q3 24 | 20.52× | 0.66× | ||
| Q2 24 | — | 2.77× |
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% |
LMB
| ODR | $99.8M | 72% |
| GCR | $39.0M | 28% |
