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Side-by-side financial comparison of AerSale Corp (ASLE) and Merchants Bancorp (MBIN). Click either name above to swap in a different company.
Merchants Bancorp is the larger business by last-quarter revenue ($175.2M vs $90.9M, roughly 1.9× AerSale Corp). Merchants Bancorp runs the higher net margin — 38.6% vs 5.9%, a 32.7% gap on every dollar of revenue. Over the past eight quarters, Merchants Bancorp's revenue compounded faster (4.8% 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.
Ameris Bancorp is an American bank holding company headquartered in Atlanta, Georgia. Through its bank subsidiary, Ameris Bank, the company operates full-service branches in Georgia, Alabama, Florida, North Carolina and South Carolina, and mortgage-only locations in Georgia, Alabama, Florida, North Carolina, South Carolina, Virginia, Maryland, and Tennessee. The company offers online and mobile banking options for both consumers and businesses.
ASLE vs MBIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $90.9M | $175.2M |
| Net Profit | $5.4M | $67.7M |
| Gross Margin | 34.1% | — |
| Operating Margin | 7.8% | — |
| Net Margin | 5.9% | 38.6% |
| Revenue YoY | -4.0% | — |
| Net Profit YoY | 99.7% | 16.3% |
| EPS (diluted) | $0.10 | $1.25 |
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 | — | $175.2M | ||
| Q4 25 | $90.9M | $185.3M | ||
| Q3 25 | $71.2M | $171.1M | ||
| Q2 25 | $107.4M | $179.2M | ||
| Q1 25 | $65.8M | $145.9M | ||
| Q4 24 | $94.7M | $193.8M | ||
| Q3 24 | $82.7M | $149.6M | ||
| Q2 24 | $77.1M | $159.5M |
| Q1 26 | — | $67.7M | ||
| Q4 25 | $5.4M | — | ||
| Q3 25 | $-120.0K | $54.7M | ||
| Q2 25 | $8.6M | $38.0M | ||
| Q1 25 | $-5.3M | $58.2M | ||
| Q4 24 | $2.7M | — | ||
| Q3 24 | $509.0K | $61.3M | ||
| Q2 24 | $-3.6M | $76.4M |
| 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% | — |
| Q1 26 | — | — | ||
| Q4 25 | 7.8% | 39.9% | ||
| Q3 25 | 4.0% | 37.8% | ||
| Q2 25 | 11.7% | 27.3% | ||
| Q1 25 | -10.1% | 52.4% | ||
| Q4 24 | 5.2% | 66.0% | ||
| Q3 24 | 2.4% | 54.4% | ||
| Q2 24 | -2.4% | 62.2% |
| Q1 26 | — | 38.6% | ||
| Q4 25 | 5.9% | — | ||
| Q3 25 | -0.2% | 32.0% | ||
| Q2 25 | 8.0% | 21.2% | ||
| Q1 25 | -8.0% | 39.9% | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 0.6% | 41.0% | ||
| Q2 24 | -4.7% | 47.9% |
| Q1 26 | — | $1.25 | ||
| Q4 25 | $0.10 | $1.28 | ||
| Q3 25 | $0.00 | $0.97 | ||
| Q2 25 | $0.18 | $0.60 | ||
| Q1 25 | $-0.10 | $0.93 | ||
| Q4 24 | $0.05 | $1.84 | ||
| Q3 24 | $0.01 | $1.17 | ||
| Q2 24 | $-0.07 | $1.49 |
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 | $83.2M |
| Total DebtLower is stronger | $1.3M | $32.0M |
| Stockholders' EquityBook value | $424.4M | $2.3B |
| Total Assets | $640.5M | $20.3B |
| Debt / EquityLower = less leverage | 0.00× | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $83.2M | ||
| Q4 25 | $4.4M | — | ||
| Q3 25 | $5.3M | — | ||
| Q2 25 | $5.7M | — | ||
| Q1 25 | $4.7M | — | ||
| Q4 24 | $4.7M | — | ||
| Q3 24 | $9.8M | — | ||
| Q2 24 | $4.3M | — |
| Q1 26 | — | $32.0M | ||
| 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 26 | — | $2.3B | ||
| Q4 25 | $424.4M | $2.3B | ||
| Q3 25 | $417.1M | $2.2B | ||
| Q2 25 | $415.9M | $2.2B | ||
| Q1 25 | $406.5M | $2.2B | ||
| Q4 24 | $455.6M | $2.2B | ||
| Q3 24 | $451.5M | $1.9B | ||
| Q2 24 | $449.8M | $1.9B |
| Q1 26 | — | $20.3B | ||
| Q4 25 | $640.5M | $19.4B | ||
| Q3 25 | $646.3M | $19.4B | ||
| Q2 25 | $646.7M | $19.1B | ||
| Q1 25 | $646.1M | $18.8B | ||
| Q4 24 | $604.7M | $18.8B | ||
| Q3 24 | $601.5M | $18.7B | ||
| Q2 24 | $598.7M | $18.2B |
| Q1 26 | — | 0.01× | ||
| 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× | — |
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 | $-341.2M | ||
| Q3 25 | $-8.9M | $29.8M | ||
| Q2 25 | $19.8M | $-121.2M | ||
| Q1 25 | $-45.2M | $148.0M | ||
| Q4 24 | $37.5M | $-835.3M | ||
| Q3 24 | $10.4M | $-492.6M | ||
| Q2 24 | $-15.3M | $51.1M |
| Q1 26 | — | — | ||
| Q4 25 | $9.8M | $-362.2M | ||
| Q3 25 | $-9.8M | $24.0M | ||
| Q2 25 | $18.6M | $-125.7M | ||
| Q1 25 | $-47.6M | $141.2M | ||
| Q4 24 | $32.3M | $-853.7M | ||
| Q3 24 | $8.9M | $-497.2M | ||
| Q2 24 | $-18.9M | $45.8M |
| Q1 26 | — | — | ||
| Q4 25 | 10.8% | -195.5% | ||
| Q3 25 | -13.8% | 14.0% | ||
| Q2 25 | 17.3% | -70.1% | ||
| Q1 25 | -72.4% | 96.8% | ||
| Q4 24 | 34.0% | -440.6% | ||
| Q3 24 | 10.7% | -332.4% | ||
| Q2 24 | -24.6% | 28.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 11.3% | ||
| Q3 25 | 1.3% | 3.4% | ||
| Q2 25 | 1.1% | 2.5% | ||
| Q1 25 | 3.7% | 4.7% | ||
| Q4 24 | 5.6% | 9.5% | ||
| Q3 24 | 1.9% | 3.0% | ||
| Q2 24 | 4.7% | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | 2.11× | — | ||
| Q3 25 | — | 0.54× | ||
| Q2 25 | 2.31× | -3.19× | ||
| Q1 25 | — | 2.54× | ||
| Q4 24 | 13.89× | — | ||
| Q3 24 | 20.52× | -8.04× | ||
| Q2 24 | — | 0.67× |
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% |
MBIN
| Net Interest Income | $128.6M | 73% |
| Noninterest Income | $46.6M | 27% |
