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Side-by-side financial comparison of AerSale Corp (ASLE) and Mistras Group, Inc. (MG). Click either name above to swap in a different company.
Mistras Group, Inc. is the larger business by last-quarter revenue ($181.5M vs $90.9M, roughly 2.0× AerSale Corp). AerSale Corp runs the higher net margin — 5.9% vs 2.1%, a 3.9% gap on every dollar of revenue. On growth, Mistras Group, Inc. posted the faster year-over-year revenue change (5.1% vs -4.0%). Mistras Group, Inc. produced more free cash flow last quarter ($26.0M vs $9.8M). Over the past eight quarters, AerSale Corp's revenue compounded faster (0.2% CAGR vs -0.8%).
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.
Mistras Group, Inc. is a global provider of asset integrity and protection solutions, offering non-destructive testing, inspection, real-time monitoring, and engineering consulting services. Its key client segments include oil and gas, aerospace, power generation, and manufacturing industries, with operations spanning North America, Europe, and Asia-Pacific, helping clients enhance operational safety, extend asset lifespans, and minimize unplanned downtime.
ASLE vs MG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $90.9M | $181.5M |
| Net Profit | $5.4M | $3.8M |
| Gross Margin | 34.1% | 28.4% |
| Operating Margin | 7.8% | 7.0% |
| Net Margin | 5.9% | 2.1% |
| Revenue YoY | -4.0% | 5.1% |
| Net Profit YoY | 99.7% | -27.4% |
| EPS (diluted) | $0.10 | $0.12 |
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 | $181.5M | ||
| Q3 25 | $71.2M | $195.5M | ||
| Q2 25 | $107.4M | $185.4M | ||
| Q1 25 | $65.8M | $161.6M | ||
| Q4 24 | $94.7M | $172.7M | ||
| Q3 24 | $82.7M | $182.7M | ||
| Q2 24 | $77.1M | $189.8M | ||
| Q1 24 | $90.5M | $184.4M |
| Q4 25 | $5.4M | $3.8M | ||
| Q3 25 | $-120.0K | $13.1M | ||
| Q2 25 | $8.6M | $3.0M | ||
| Q1 25 | $-5.3M | $-3.2M | ||
| Q4 24 | $2.7M | $5.2M | ||
| Q3 24 | $509.0K | $6.4M | ||
| Q2 24 | $-3.6M | $6.4M | ||
| Q1 24 | $6.3M | $995.0K |
| Q4 25 | 34.1% | 28.4% | ||
| Q3 25 | 30.2% | 29.8% | ||
| Q2 25 | 32.9% | 29.1% | ||
| Q1 25 | 27.3% | 25.3% | ||
| Q4 24 | 31.4% | 26.5% | ||
| Q3 24 | 28.6% | 26.8% | ||
| Q2 24 | 28.2% | 27.1% | ||
| Q1 24 | 31.8% | 25.0% |
| Q4 25 | 7.8% | 7.0% | ||
| Q3 25 | 4.0% | 10.4% | ||
| Q2 25 | 11.7% | 4.5% | ||
| Q1 25 | -10.1% | -0.6% | ||
| Q4 24 | 5.2% | 6.1% | ||
| Q3 24 | 2.4% | 6.5% | ||
| Q2 24 | -2.4% | 6.3% | ||
| Q1 24 | 5.2% | 3.0% |
| Q4 25 | 5.9% | 2.1% | ||
| Q3 25 | -0.2% | 6.7% | ||
| Q2 25 | 8.0% | 1.6% | ||
| Q1 25 | -8.0% | -2.0% | ||
| Q4 24 | 2.9% | 3.0% | ||
| Q3 24 | 0.6% | 3.5% | ||
| Q2 24 | -4.7% | 3.4% | ||
| Q1 24 | 6.9% | 0.5% |
| Q4 25 | $0.10 | $0.12 | ||
| Q3 25 | $0.00 | $0.41 | ||
| Q2 25 | $0.18 | $0.10 | ||
| Q1 25 | $-0.10 | $-0.10 | ||
| Q4 24 | $0.05 | $0.17 | ||
| Q3 24 | $0.01 | $0.20 | ||
| Q2 24 | $-0.07 | $0.20 | ||
| Q1 24 | $0.12 | $0.03 |
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 | $28.0M |
| Total DebtLower is stronger | $1.3M | $178.0M |
| Stockholders' EquityBook value | $424.4M | $235.1M |
| Total Assets | $640.5M | $578.8M |
| Debt / EquityLower = less leverage | 0.00× | 0.76× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4M | $28.0M | ||
| Q3 25 | $5.3M | $27.8M | ||
| Q2 25 | $5.7M | $20.0M | ||
| Q1 25 | $4.7M | $18.5M | ||
| Q4 24 | $4.7M | $18.3M | ||
| Q3 24 | $9.8M | $20.4M | ||
| Q2 24 | $4.3M | $17.2M | ||
| Q1 24 | $2.6M | $16.9M |
| Q4 25 | $1.3M | $178.0M | ||
| Q3 25 | $1.5M | $202.3M | ||
| Q2 25 | $907.0K | $189.4M | ||
| Q1 25 | $1.1M | $171.9M | ||
| Q4 24 | $1.2M | $169.6M | ||
| Q3 24 | $376.0K | $189.7M | ||
| Q2 24 | $522.0K | $199.7M | ||
| Q1 24 | $3.5M | $198.4M |
| Q4 25 | $424.4M | $235.1M | ||
| Q3 25 | $417.1M | $227.4M | ||
| Q2 25 | $415.9M | $215.8M | ||
| Q1 25 | $406.5M | $198.7M | ||
| Q4 24 | $455.6M | $198.6M | ||
| Q3 24 | $451.5M | $205.2M | ||
| Q2 24 | $449.8M | $193.2M | ||
| Q1 24 | $452.0M | $187.1M |
| Q4 25 | $640.5M | $578.8M | ||
| Q3 25 | $646.3M | $596.3M | ||
| Q2 25 | $646.7M | $571.0M | ||
| Q1 25 | $646.1M | $526.8M | ||
| Q4 24 | $604.7M | $523.0M | ||
| Q3 24 | $601.5M | $551.7M | ||
| Q2 24 | $598.7M | $548.1M | ||
| Q1 24 | $571.7M | $542.1M |
| Q4 25 | 0.00× | 0.76× | ||
| Q3 25 | 0.00× | 0.89× | ||
| Q2 25 | 0.00× | 0.88× | ||
| Q1 25 | 0.00× | 0.87× | ||
| Q4 24 | 0.00× | 0.85× | ||
| Q3 24 | 0.00× | 0.92× | ||
| Q2 24 | 0.00× | 1.03× | ||
| Q1 24 | 0.01× | 1.06× |
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 | $32.1M |
| Free Cash FlowOCF − Capex | $9.8M | $26.0M |
| FCF MarginFCF / Revenue | 10.8% | 14.3% |
| Capex IntensityCapex / Revenue | 1.7% | 3.4% |
| Cash ConversionOCF / Net Profit | 2.11× | 8.55× |
| TTM Free Cash FlowTrailing 4 quarters | $-29.1M | $8.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | $32.1M | ||
| Q3 25 | $-8.9M | $4.5M | ||
| Q2 25 | $19.8M | $-9.3M | ||
| Q1 25 | $-45.2M | $5.6M | ||
| Q4 24 | $37.5M | $25.7M | ||
| Q3 24 | $10.4M | $19.4M | ||
| Q2 24 | $-15.3M | $4.5M | ||
| Q1 24 | $-21.5M | $604.0K |
| Q4 25 | $9.8M | $26.0M | ||
| Q3 25 | $-9.8M | $-4.1M | ||
| Q2 25 | $18.6M | $-14.7M | ||
| Q1 25 | $-47.6M | $1.1M | ||
| Q4 24 | $32.3M | $22.1M | ||
| Q3 24 | $8.9M | $14.6M | ||
| Q2 24 | $-18.9M | $-284.0K | ||
| Q1 24 | $-25.0M | $-4.2M |
| Q4 25 | 10.8% | 14.3% | ||
| Q3 25 | -13.8% | -2.1% | ||
| Q2 25 | 17.3% | -7.9% | ||
| Q1 25 | -72.4% | 0.7% | ||
| Q4 24 | 34.0% | 12.8% | ||
| Q3 24 | 10.7% | 8.0% | ||
| Q2 24 | -24.6% | -0.1% | ||
| Q1 24 | -27.7% | -2.3% |
| Q4 25 | 1.7% | 3.4% | ||
| Q3 25 | 1.3% | 4.4% | ||
| Q2 25 | 1.1% | 2.9% | ||
| Q1 25 | 3.7% | 2.8% | ||
| Q4 24 | 5.6% | 2.1% | ||
| Q3 24 | 1.9% | 2.6% | ||
| Q2 24 | 4.7% | 2.5% | ||
| Q1 24 | 3.9% | 2.6% |
| Q4 25 | 2.11× | 8.55× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | 2.31× | -3.07× | ||
| Q1 25 | — | — | ||
| Q4 24 | 13.89× | 4.96× | ||
| Q3 24 | 20.52× | 3.02× | ||
| Q2 24 | — | 0.71× | ||
| Q1 24 | -3.42× | 0.61× |
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% |
MG
Segment breakdown not available.
