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Side-by-side financial comparison of AerSale Corp (ASLE) and MARAVAI LIFESCIENCES HOLDINGS, INC. (MRVI). Click either name above to swap in a different company.
AerSale Corp is the larger business by last-quarter revenue ($90.9M vs $49.9M, roughly 1.8× MARAVAI LIFESCIENCES HOLDINGS, INC.). AerSale Corp runs the higher net margin — 5.9% vs -71.6%, a 77.5% gap on every dollar of revenue. On growth, AerSale Corp posted the faster year-over-year revenue change (-4.0% vs -11.8%). AerSale Corp produced more free cash flow last quarter ($9.8M vs $-24.9M). Over the past eight quarters, AerSale Corp's revenue compounded faster (0.2% CAGR vs -11.9%).
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.
Maravai LifeSciences Holdings is a global life sciences firm developing critical reagents, diagnostic products, and tech solutions to support biopharma research, drug development, clinical diagnostics, and cell/gene therapy manufacturing. It serves biotech, pharma, research bodies and labs worldwide across three core segments.
ASLE vs MRVI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $90.9M | $49.9M |
| Net Profit | $5.4M | $-35.7M |
| Gross Margin | 34.1% | 25.8% |
| Operating Margin | 7.8% | -117.9% |
| Net Margin | 5.9% | -71.6% |
| Revenue YoY | -4.0% | -11.8% |
| Net Profit YoY | 99.7% | -37.7% |
| EPS (diluted) | $0.10 | $-0.24 |
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 | $49.9M | ||
| Q3 25 | $71.2M | $41.6M | ||
| Q2 25 | $107.4M | $47.4M | ||
| Q1 25 | $65.8M | $46.9M | ||
| Q4 24 | $94.7M | $56.6M | ||
| Q3 24 | $82.7M | $69.0M | ||
| Q2 24 | $77.1M | $69.4M | ||
| Q1 24 | $90.5M | $64.2M |
| Q4 25 | $5.4M | $-35.7M | ||
| Q3 25 | $-120.0K | $-25.6M | ||
| Q2 25 | $8.6M | $-39.6M | ||
| Q1 25 | $-5.3M | $-29.9M | ||
| Q4 24 | $2.7M | $-25.9M | ||
| Q3 24 | $509.0K | $-97.1M | ||
| Q2 24 | $-3.6M | $-9.8M | ||
| Q1 24 | $6.3M | $-12.1M |
| Q4 25 | 34.1% | 25.8% | ||
| Q3 25 | 30.2% | 13.6% | ||
| Q2 25 | 32.9% | 16.4% | ||
| Q1 25 | 27.3% | 16.5% | ||
| Q4 24 | 31.4% | 34.3% | ||
| Q3 24 | 28.6% | 46.7% | ||
| Q2 24 | 28.2% | 44.4% | ||
| Q1 24 | 31.8% | 40.3% |
| Q4 25 | 7.8% | -117.9% | ||
| Q3 25 | 4.0% | -98.6% | ||
| Q2 25 | 11.7% | -139.8% | ||
| Q1 25 | -10.1% | -104.9% | ||
| Q4 24 | 5.2% | -66.7% | ||
| Q3 24 | 2.4% | -239.9% | ||
| Q2 24 | -2.4% | -19.4% | ||
| Q1 24 | 5.2% | -29.4% |
| Q4 25 | 5.9% | -71.6% | ||
| Q3 25 | -0.2% | -61.4% | ||
| Q2 25 | 8.0% | -83.5% | ||
| Q1 25 | -8.0% | -63.9% | ||
| Q4 24 | 2.9% | -45.8% | ||
| Q3 24 | 0.6% | -140.6% | ||
| Q2 24 | -4.7% | -14.1% | ||
| Q1 24 | 6.9% | -18.8% |
| Q4 25 | $0.10 | $-0.24 | ||
| Q3 25 | $0.00 | $-0.18 | ||
| Q2 25 | $0.18 | $-0.27 | ||
| Q1 25 | $-0.10 | $-0.21 | ||
| Q4 24 | $0.05 | $-0.21 | ||
| Q3 24 | $0.01 | $-0.68 | ||
| Q2 24 | $-0.07 | $-0.07 | ||
| Q1 24 | $0.12 | $-0.09 |
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 | $216.9M |
| Total DebtLower is stronger | $1.3M | $291.8M |
| Stockholders' EquityBook value | $424.4M | $212.4M |
| Total Assets | $640.5M | $770.6M |
| Debt / EquityLower = less leverage | 0.00× | 1.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4M | $216.9M | ||
| Q3 25 | $5.3M | $243.6M | ||
| Q2 25 | $5.7M | $269.9M | ||
| Q1 25 | $4.7M | $285.1M | ||
| Q4 24 | $4.7M | $322.4M | ||
| Q3 24 | $9.8M | $578.2M | ||
| Q2 24 | $4.3M | $573.2M | ||
| Q1 24 | $2.6M | $561.7M |
| Q4 25 | $1.3M | $291.8M | ||
| Q3 25 | $1.5M | $292.8M | ||
| Q2 25 | $907.0K | $293.9M | ||
| Q1 25 | $1.1M | $294.9M | ||
| Q4 24 | $1.2M | $295.9M | ||
| Q3 24 | $376.0K | $521.7M | ||
| Q2 24 | $522.0K | $522.5M | ||
| Q1 24 | $3.5M | $523.3M |
| Q4 25 | $424.4M | $212.4M | ||
| Q3 25 | $417.1M | $245.4M | ||
| Q2 25 | $415.9M | $265.9M | ||
| Q1 25 | $406.5M | $300.6M | ||
| Q4 24 | $455.6M | $325.3M | ||
| Q3 24 | $451.5M | $344.9M | ||
| Q2 24 | $449.8M | $434.7M | ||
| Q1 24 | $452.0M | $410.7M |
| Q4 25 | $640.5M | $770.6M | ||
| Q3 25 | $646.3M | $849.2M | ||
| Q2 25 | $646.7M | $897.0M | ||
| Q1 25 | $646.1M | $959.8M | ||
| Q4 24 | $604.7M | $1.0B | ||
| Q3 24 | $601.5M | $1.3B | ||
| Q2 24 | $598.7M | $1.4B | ||
| Q1 24 | $571.7M | $1.4B |
| Q4 25 | 0.00× | 1.37× | ||
| Q3 25 | 0.00× | 1.19× | ||
| Q2 25 | 0.00× | 1.11× | ||
| Q1 25 | 0.00× | 0.98× | ||
| Q4 24 | 0.00× | 0.91× | ||
| Q3 24 | 0.00× | 1.51× | ||
| Q2 24 | 0.00× | 1.20× | ||
| Q1 24 | 0.01× | 1.27× |
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 | $-22.8M |
| Free Cash FlowOCF − Capex | $9.8M | $-24.9M |
| FCF MarginFCF / Revenue | 10.8% | -49.9% |
| Capex IntensityCapex / Revenue | 1.7% | 4.2% |
| Cash ConversionOCF / Net Profit | 2.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-29.1M | $-70.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | $-22.8M | ||
| Q3 25 | $-8.9M | $-15.2M | ||
| Q2 25 | $19.8M | $-10.3M | ||
| Q1 25 | $-45.2M | $-9.4M | ||
| Q4 24 | $37.5M | $-14.6M | ||
| Q3 24 | $10.4M | $13.1M | ||
| Q2 24 | $-15.3M | $17.4M | ||
| Q1 24 | $-21.5M | $-8.5M |
| Q4 25 | $9.8M | $-24.9M | ||
| Q3 25 | $-9.8M | $-18.1M | ||
| Q2 25 | $18.6M | $-13.1M | ||
| Q1 25 | $-47.6M | $-14.6M | ||
| Q4 24 | $32.3M | $-20.5M | ||
| Q3 24 | $8.9M | $4.5M | ||
| Q2 24 | $-18.9M | $7.9M | ||
| Q1 24 | $-25.0M | $-14.1M |
| Q4 25 | 10.8% | -49.9% | ||
| Q3 25 | -13.8% | -43.4% | ||
| Q2 25 | 17.3% | -27.7% | ||
| Q1 25 | -72.4% | -31.2% | ||
| Q4 24 | 34.0% | -36.2% | ||
| Q3 24 | 10.7% | 6.6% | ||
| Q2 24 | -24.6% | 11.4% | ||
| Q1 24 | -27.7% | -22.0% |
| Q4 25 | 1.7% | 4.2% | ||
| Q3 25 | 1.3% | 7.0% | ||
| Q2 25 | 1.1% | 6.1% | ||
| Q1 25 | 3.7% | 11.2% | ||
| Q4 24 | 5.6% | 10.3% | ||
| Q3 24 | 1.9% | 12.4% | ||
| Q2 24 | 4.7% | 13.8% | ||
| Q1 24 | 3.9% | 8.8% |
| Q4 25 | 2.11× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.31× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 13.89× | — | ||
| Q3 24 | 20.52× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -3.42× | — |
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% |
MRVI
| Cygnus Segment | $27.2M | 54% |
| Other | $18.4M | 37% |
| Shipping And Handling | $4.3M | 9% |
