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Side-by-side financial comparison of AerSale Corp (ASLE) and LIQUIDITY SERVICES INC (LQDT). Click either name above to swap in a different company.
LIQUIDITY SERVICES INC is the larger business by last-quarter revenue ($121.2M vs $90.9M, roughly 1.3× AerSale Corp). LIQUIDITY SERVICES INC runs the higher net margin — 6.2% vs 5.9%, a 0.2% gap on every dollar of revenue. On growth, LIQUIDITY SERVICES INC posted the faster year-over-year revenue change (-0.9% vs -4.0%). AerSale Corp produced more free cash flow last quarter ($9.8M vs $-2.8M). Over the past eight quarters, LIQUIDITY SERVICES INC's revenue compounded faster (15.1% 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.
Liquidity Services, Inc. is an American e-commerce company providing surplus asset management services through a network of online marketplaces. It serves businesses and government agencies by facilitating the resale of surplus, returned, and end-of-life goods. Founded in 1999 and headquartered in Bethesda, Maryland, United States.
ASLE vs LQDT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $90.9M | $121.2M |
| Net Profit | $5.4M | $7.5M |
| Gross Margin | 34.1% | 47.0% |
| Operating Margin | 7.8% | 7.7% |
| Net Margin | 5.9% | 6.2% |
| Revenue YoY | -4.0% | -0.9% |
| Net Profit YoY | 99.7% | 28.9% |
| EPS (diluted) | $0.10 | $0.23 |
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 | $121.2M | ||
| Q3 25 | $71.2M | $118.1M | ||
| Q2 25 | $107.4M | $119.9M | ||
| Q1 25 | $65.8M | $116.4M | ||
| Q4 24 | $94.7M | $122.3M | ||
| Q3 24 | $82.7M | $106.9M | ||
| Q2 24 | $77.1M | $93.6M | ||
| Q1 24 | $90.5M | $91.5M |
| Q4 25 | $5.4M | $7.5M | ||
| Q3 25 | $-120.0K | $7.8M | ||
| Q2 25 | $8.6M | $7.4M | ||
| Q1 25 | $-5.3M | $7.1M | ||
| Q4 24 | $2.7M | $5.8M | ||
| Q3 24 | $509.0K | $6.4M | ||
| Q2 24 | $-3.6M | $6.0M | ||
| Q1 24 | $6.3M | $5.7M |
| Q4 25 | 34.1% | 47.0% | ||
| Q3 25 | 30.2% | 47.8% | ||
| Q2 25 | 32.9% | 45.7% | ||
| Q1 25 | 27.3% | 40.8% | ||
| Q4 24 | 31.4% | 41.0% | ||
| Q3 24 | 28.6% | 45.6% | ||
| Q2 24 | 28.2% | 52.8% | ||
| Q1 24 | 31.8% | 51.6% |
| Q4 25 | 7.8% | 7.7% | ||
| Q3 25 | 4.0% | 9.3% | ||
| Q2 25 | 11.7% | 8.5% | ||
| Q1 25 | -10.1% | 5.8% | ||
| Q4 24 | 5.2% | 5.8% | ||
| Q3 24 | 2.4% | 6.8% | ||
| Q2 24 | -2.4% | 8.4% | ||
| Q1 24 | 5.2% | 7.2% |
| Q4 25 | 5.9% | 6.2% | ||
| Q3 25 | -0.2% | 6.6% | ||
| Q2 25 | 8.0% | 6.2% | ||
| Q1 25 | -8.0% | 6.1% | ||
| Q4 24 | 2.9% | 4.7% | ||
| Q3 24 | 0.6% | 6.0% | ||
| Q2 24 | -4.7% | 6.4% | ||
| Q1 24 | 6.9% | 6.2% |
| Q4 25 | $0.10 | $0.23 | ||
| Q3 25 | $0.00 | $0.24 | ||
| Q2 25 | $0.18 | $0.23 | ||
| Q1 25 | $-0.10 | $0.22 | ||
| Q4 24 | $0.05 | $0.18 | ||
| Q3 24 | $0.01 | $0.20 | ||
| Q2 24 | $-0.07 | $0.19 | ||
| Q1 24 | $0.12 | $0.18 |
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 | $11.6M |
| Total DebtLower is stronger | $1.3M | — |
| Stockholders' EquityBook value | $424.4M | $215.3M |
| Total Assets | $640.5M | $369.1M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4M | $11.6M | ||
| Q3 25 | $5.3M | $11.2M | ||
| Q2 25 | $5.7M | $11.4M | ||
| Q1 25 | $4.7M | $10.5M | ||
| Q4 24 | $4.7M | $10.4M | ||
| Q3 24 | $9.8M | $2.3M | ||
| Q2 24 | $4.3M | $6.5M | ||
| Q1 24 | $2.6M | $8.4M |
| Q4 25 | $1.3M | — | ||
| Q3 25 | $1.5M | — | ||
| Q2 25 | $907.0K | — | ||
| Q1 25 | $1.1M | — | ||
| Q4 24 | $1.2M | — | ||
| Q3 24 | $376.0K | — | ||
| Q2 24 | $522.0K | — | ||
| Q1 24 | $3.5M | — |
| Q4 25 | $424.4M | $215.3M | ||
| Q3 25 | $417.1M | $203.2M | ||
| Q2 25 | $415.9M | $208.7M | ||
| Q1 25 | $406.5M | $196.3M | ||
| Q4 24 | $455.6M | $189.2M | ||
| Q3 24 | $451.5M | $182.6M | ||
| Q2 24 | $449.8M | $172.0M | ||
| Q1 24 | $452.0M | $163.9M |
| Q4 25 | $640.5M | $369.1M | ||
| Q3 25 | $646.3M | $375.1M | ||
| Q2 25 | $646.7M | $372.4M | ||
| Q1 25 | $646.1M | $358.8M | ||
| Q4 24 | $604.7M | $333.2M | ||
| Q3 24 | $601.5M | $346.9M | ||
| Q2 24 | $598.7M | $325.5M | ||
| Q1 24 | $571.7M | $303.7M |
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.00× | — | ||
| 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 | $-526.0K |
| Free Cash FlowOCF − Capex | $9.8M | $-2.8M |
| FCF MarginFCF / Revenue | 10.8% | -2.3% |
| Capex IntensityCapex / Revenue | 1.7% | 1.9% |
| Cash ConversionOCF / Net Profit | 2.11× | -0.07× |
| TTM Free Cash FlowTrailing 4 quarters | $-29.1M | $70.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | $-526.0K | ||
| Q3 25 | $-8.9M | $38.0M | ||
| Q2 25 | $19.8M | $19.3M | ||
| Q1 25 | $-45.2M | $21.6M | ||
| Q4 24 | $37.5M | $-12.1M | ||
| Q3 24 | $10.4M | $22.0M | ||
| Q2 24 | $-15.3M | $22.2M | ||
| Q1 24 | $-21.5M | $34.8M |
| Q4 25 | $9.8M | $-2.8M | ||
| Q3 25 | $-9.8M | $36.0M | ||
| Q2 25 | $18.6M | $17.2M | ||
| Q1 25 | $-47.6M | $19.8M | ||
| Q4 24 | $32.3M | $-14.0M | ||
| Q3 24 | $8.9M | $19.2M | ||
| Q2 24 | $-18.9M | $20.3M | ||
| Q1 24 | $-25.0M | $32.5M |
| Q4 25 | 10.8% | -2.3% | ||
| Q3 25 | -13.8% | 30.5% | ||
| Q2 25 | 17.3% | 14.3% | ||
| Q1 25 | -72.4% | 17.0% | ||
| Q4 24 | 34.0% | -11.4% | ||
| Q3 24 | 10.7% | 17.9% | ||
| Q2 24 | -24.6% | 21.7% | ||
| Q1 24 | -27.7% | 35.5% |
| Q4 25 | 1.7% | 1.9% | ||
| Q3 25 | 1.3% | 1.7% | ||
| Q2 25 | 1.1% | 1.8% | ||
| Q1 25 | 3.7% | 1.6% | ||
| Q4 24 | 5.6% | 1.5% | ||
| Q3 24 | 1.9% | 2.7% | ||
| Q2 24 | 4.7% | 2.1% | ||
| Q1 24 | 3.9% | 2.6% |
| Q4 25 | 2.11× | -0.07× | ||
| Q3 25 | — | 4.86× | ||
| Q2 25 | 2.31× | 2.60× | ||
| Q1 25 | — | 3.07× | ||
| Q4 24 | 13.89× | -2.09× | ||
| Q3 24 | 20.52× | 3.45× | ||
| Q2 24 | — | 3.71× | ||
| Q1 24 | -3.42× | 6.10× |
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% |
LQDT
| RSCG | $82.0M | 68% |
| Gov Deals | $22.3M | 18% |
| CAG | $11.5M | 9% |
| Machinio And Software Solutions Corporation | $5.5M | 5% |
