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Side-by-side financial comparison of AerSale Corp (ASLE) and Mayville Engineering Company, Inc. (MEC). Click either name above to swap in a different company.
Mayville Engineering Company, Inc. is the larger business by last-quarter revenue ($134.3M vs $90.9M, roughly 1.5× AerSale Corp). AerSale Corp runs the higher net margin — 5.9% vs -3.2%, a 9.2% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs -4.0%). Mayville Engineering Company, Inc. produced more free cash flow last quarter ($10.2M vs $9.8M). Over the past eight quarters, AerSale Corp's revenue compounded faster (0.2% CAGR vs -8.8%).
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.
Mayville Engineering Company, Inc. is a U.S.-headquartered leading manufacturer of metal components, fabricated assemblies, and custom engineered solutions. It serves OEM clients across agriculture, construction, transportation, defense, and power sports markets, offering end-to-end services from prototyping to high-volume production for North America.
ASLE vs MEC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $90.9M | $134.3M |
| Net Profit | $5.4M | $-4.4M |
| Gross Margin | 34.1% | 6.8% |
| Operating Margin | 7.8% | -4.1% |
| Net Margin | 5.9% | -3.2% |
| Revenue YoY | -4.0% | 10.7% |
| Net Profit YoY | 99.7% | -127.3% |
| EPS (diluted) | $0.10 | $-0.22 |
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 | $134.3M | ||
| Q3 25 | $71.2M | $144.3M | ||
| Q2 25 | $107.4M | $132.3M | ||
| Q1 25 | $65.8M | $135.6M | ||
| Q4 24 | $94.7M | $121.3M | ||
| Q3 24 | $82.7M | $135.4M | ||
| Q2 24 | $77.1M | $163.6M | ||
| Q1 24 | $90.5M | $161.3M |
| Q4 25 | $5.4M | $-4.4M | ||
| Q3 25 | $-120.0K | $-2.7M | ||
| Q2 25 | $8.6M | $-1.1M | ||
| Q1 25 | $-5.3M | $20.0K | ||
| Q4 24 | $2.7M | $16.0M | ||
| Q3 24 | $509.0K | $3.0M | ||
| Q2 24 | $-3.6M | $3.8M | ||
| Q1 24 | $6.3M | $3.2M |
| Q4 25 | 34.1% | 6.8% | ||
| Q3 25 | 30.2% | 11.0% | ||
| Q2 25 | 32.9% | 10.3% | ||
| Q1 25 | 27.3% | 11.3% | ||
| Q4 24 | 31.4% | 8.9% | ||
| Q3 24 | 28.6% | 12.6% | ||
| Q2 24 | 28.2% | 13.6% | ||
| Q1 24 | 31.8% | 13.0% |
| Q4 25 | 7.8% | -4.1% | ||
| Q3 25 | 4.0% | 0.0% | ||
| Q2 25 | 11.7% | 0.1% | ||
| Q1 25 | -10.1% | 1.2% | ||
| Q4 24 | 5.2% | 19.0% | ||
| Q3 24 | 2.4% | 4.2% | ||
| Q2 24 | -2.4% | 5.0% | ||
| Q1 24 | 5.2% | 4.7% |
| Q4 25 | 5.9% | -3.2% | ||
| Q3 25 | -0.2% | -1.9% | ||
| Q2 25 | 8.0% | -0.8% | ||
| Q1 25 | -8.0% | 0.0% | ||
| Q4 24 | 2.9% | 13.2% | ||
| Q3 24 | 0.6% | 2.2% | ||
| Q2 24 | -4.7% | 2.3% | ||
| Q1 24 | 6.9% | 2.0% |
| Q4 25 | $0.10 | $-0.22 | ||
| Q3 25 | $0.00 | $-0.13 | ||
| Q2 25 | $0.18 | $-0.05 | ||
| Q1 25 | $-0.10 | $0.00 | ||
| Q4 24 | $0.05 | $0.76 | ||
| Q3 24 | $0.01 | $0.14 | ||
| Q2 24 | $-0.07 | $0.18 | ||
| Q1 24 | $0.12 | $0.16 |
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 | $1.5M |
| Total DebtLower is stronger | $1.3M | — |
| Stockholders' EquityBook value | $424.4M | $240.7M |
| Total Assets | $640.5M | $563.6M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4M | $1.5M | ||
| Q3 25 | $5.3M | $1.2M | ||
| Q2 25 | $5.7M | $206.0K | ||
| Q1 25 | $4.7M | $183.0K | ||
| Q4 24 | $4.7M | $206.0K | ||
| Q3 24 | $9.8M | $178.0K | ||
| Q2 24 | $4.3M | $314.0K | ||
| Q1 24 | $2.6M | $314.0K |
| 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 | $240.7M | ||
| Q3 25 | $417.1M | $244.8M | ||
| Q2 25 | $415.9M | $246.8M | ||
| Q1 25 | $406.5M | $250.0M | ||
| Q4 24 | $455.6M | $251.8M | ||
| Q3 24 | $451.5M | $238.4M | ||
| Q2 24 | $449.8M | $238.1M | ||
| Q1 24 | $452.0M | $234.0M |
| Q4 25 | $640.5M | $563.6M | ||
| Q3 25 | $646.3M | $585.6M | ||
| Q2 25 | $646.7M | $433.7M | ||
| Q1 25 | $646.1M | $447.7M | ||
| Q4 24 | $604.7M | $445.6M | ||
| Q3 24 | $601.5M | $466.0M | ||
| Q2 24 | $598.7M | $488.2M | ||
| Q1 24 | $571.7M | $499.9M |
| 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 | $13.4M |
| Free Cash FlowOCF − Capex | $9.8M | $10.2M |
| FCF MarginFCF / Revenue | 10.8% | 7.6% |
| Capex IntensityCapex / Revenue | 1.7% | 2.4% |
| Cash ConversionOCF / Net Profit | 2.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-29.1M | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | $13.4M | ||
| Q3 25 | $-8.9M | $1.9M | ||
| Q2 25 | $19.8M | $15.0M | ||
| Q1 25 | $-45.2M | $8.3M | ||
| Q4 24 | $37.5M | $38.0M | ||
| Q3 24 | $10.4M | $17.9M | ||
| Q2 24 | $-15.3M | $23.3M | ||
| Q1 24 | $-21.5M | $10.6M |
| Q4 25 | $9.8M | $10.2M | ||
| Q3 25 | $-9.8M | $-1.1M | ||
| Q2 25 | $18.6M | $12.5M | ||
| Q1 25 | $-47.6M | $5.4M | ||
| Q4 24 | $32.3M | $35.6M | ||
| Q3 24 | $8.9M | $15.1M | ||
| Q2 24 | $-18.9M | $19.2M | ||
| Q1 24 | $-25.0M | $7.8M |
| Q4 25 | 10.8% | 7.6% | ||
| Q3 25 | -13.8% | -0.8% | ||
| Q2 25 | 17.3% | 9.5% | ||
| Q1 25 | -72.4% | 4.0% | ||
| Q4 24 | 34.0% | 29.4% | ||
| Q3 24 | 10.7% | 11.1% | ||
| Q2 24 | -24.6% | 11.7% | ||
| Q1 24 | -27.7% | 4.9% |
| Q4 25 | 1.7% | 2.4% | ||
| Q3 25 | 1.3% | 2.1% | ||
| Q2 25 | 1.1% | 1.8% | ||
| Q1 25 | 3.7% | 2.2% | ||
| Q4 24 | 5.6% | 1.9% | ||
| Q3 24 | 1.9% | 2.1% | ||
| Q2 24 | 4.7% | 2.5% | ||
| Q1 24 | 3.9% | 1.7% |
| Q4 25 | 2.11× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.31× | — | ||
| Q1 25 | — | 416.65× | ||
| Q4 24 | 13.89× | 2.38× | ||
| Q3 24 | 20.52× | 6.03× | ||
| Q2 24 | — | 6.15× | ||
| Q1 24 | -3.42× | 3.28× |
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% |
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
