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Side-by-side financial comparison of AerSale Corp (ASLE) and OneSpan Inc. (OSPN). Click either name above to swap in a different company.
AerSale Corp is the larger business by last-quarter revenue ($90.9M vs $62.9M, roughly 1.4× OneSpan Inc.). OneSpan Inc. runs the higher net margin — 69.2% vs 5.9%, a 63.3% gap on every dollar of revenue. On growth, OneSpan Inc. posted the faster year-over-year revenue change (2.9% vs -4.0%). AerSale Corp produced more free cash flow last quarter ($9.8M vs $9.6M). Over the past eight quarters, AerSale Corp's revenue compounded faster (0.2% CAGR vs -1.5%).
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.
OneSpan Inc. is an information security company based in Boston, Massachusetts. Services include an internet fraud prevention platform, multi-factor authentication tools and electronic signature software.
ASLE vs OSPN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $90.9M | $62.9M |
| Net Profit | $5.4M | $43.5M |
| Gross Margin | 34.1% | 73.6% |
| Operating Margin | 7.8% | 19.9% |
| Net Margin | 5.9% | 69.2% |
| Revenue YoY | -4.0% | 2.9% |
| Net Profit YoY | 99.7% | 51.3% |
| EPS (diluted) | $0.10 | $1.13 |
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 | $62.9M | ||
| Q3 25 | $71.2M | $57.1M | ||
| Q2 25 | $107.4M | $59.8M | ||
| Q1 25 | $65.8M | $63.4M | ||
| Q4 24 | $94.7M | $61.2M | ||
| Q3 24 | $82.7M | $56.2M | ||
| Q2 24 | $77.1M | $60.9M | ||
| Q1 24 | $90.5M | $64.8M |
| Q4 25 | $5.4M | $43.5M | ||
| Q3 25 | $-120.0K | $6.5M | ||
| Q2 25 | $8.6M | $8.3M | ||
| Q1 25 | $-5.3M | $14.5M | ||
| Q4 24 | $2.7M | $28.8M | ||
| Q3 24 | $509.0K | $8.3M | ||
| Q2 24 | $-3.6M | $6.6M | ||
| Q1 24 | $6.3M | $13.5M |
| Q4 25 | 34.1% | 73.6% | ||
| Q3 25 | 30.2% | 73.6% | ||
| Q2 25 | 32.9% | 73.5% | ||
| Q1 25 | 27.3% | 74.3% | ||
| Q4 24 | 31.4% | 74.0% | ||
| Q3 24 | 28.6% | 73.9% | ||
| Q2 24 | 28.2% | 66.2% | ||
| Q1 24 | 31.8% | 73.1% |
| Q4 25 | 7.8% | 19.9% | ||
| Q3 25 | 4.0% | 14.4% | ||
| Q2 25 | 11.7% | 17.6% | ||
| Q1 25 | -10.1% | 27.1% | ||
| Q4 24 | 5.2% | 19.3% | ||
| Q3 24 | 2.4% | 20.0% | ||
| Q2 24 | -2.4% | 12.5% | ||
| Q1 24 | 5.2% | 21.8% |
| Q4 25 | 5.9% | 69.2% | ||
| Q3 25 | -0.2% | 11.4% | ||
| Q2 25 | 8.0% | 13.9% | ||
| Q1 25 | -8.0% | 22.9% | ||
| Q4 24 | 2.9% | 47.1% | ||
| Q3 24 | 0.6% | 14.7% | ||
| Q2 24 | -4.7% | 10.8% | ||
| Q1 24 | 6.9% | 20.8% |
| Q4 25 | $0.10 | $1.13 | ||
| Q3 25 | $0.00 | $0.17 | ||
| Q2 25 | $0.18 | $0.21 | ||
| Q1 25 | $-0.10 | $0.37 | ||
| Q4 24 | $0.05 | $0.73 | ||
| Q3 24 | $0.01 | $0.21 | ||
| Q2 24 | $-0.07 | $0.17 | ||
| Q1 24 | $0.12 | $0.35 |
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 | $70.5M |
| Total DebtLower is stronger | $1.3M | — |
| Stockholders' EquityBook value | $424.4M | $271.8M |
| Total Assets | $640.5M | $397.7M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4M | $70.5M | ||
| Q3 25 | $5.3M | $85.6M | ||
| Q2 25 | $5.7M | $92.9M | ||
| Q1 25 | $4.7M | $105.2M | ||
| Q4 24 | $4.7M | $83.2M | ||
| Q3 24 | $9.8M | $77.5M | ||
| Q2 24 | $4.3M | $63.8M | ||
| Q1 24 | $2.6M | $63.9M |
| 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 | $271.8M | ||
| Q3 25 | $417.1M | $238.3M | ||
| Q2 25 | $415.9M | $242.5M | ||
| Q1 25 | $406.5M | $231.1M | ||
| Q4 24 | $455.6M | $212.5M | ||
| Q3 24 | $451.5M | $194.6M | ||
| Q2 24 | $449.8M | $178.6M | ||
| Q1 24 | $452.0M | $170.9M |
| Q4 25 | $640.5M | $397.7M | ||
| Q3 25 | $646.3M | $343.5M | ||
| Q2 25 | $646.7M | $357.1M | ||
| Q1 25 | $646.1M | $333.8M | ||
| Q4 24 | $604.7M | $338.7M | ||
| Q3 24 | $601.5M | $289.3M | ||
| Q2 24 | $598.7M | $286.9M | ||
| Q1 24 | $571.7M | $277.1M |
| 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 | $12.6M |
| Free Cash FlowOCF − Capex | $9.8M | $9.6M |
| FCF MarginFCF / Revenue | 10.8% | 15.3% |
| Capex IntensityCapex / Revenue | 1.7% | 4.7% |
| Cash ConversionOCF / Net Profit | 2.11× | 0.29× |
| TTM Free Cash FlowTrailing 4 quarters | $-29.1M | $50.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | $12.6M | ||
| Q3 25 | $-8.9M | $11.3M | ||
| Q2 25 | $19.8M | $6.2M | ||
| Q1 25 | $-45.2M | $29.4M | ||
| Q4 24 | $37.5M | $12.4M | ||
| Q3 24 | $10.4M | $14.0M | ||
| Q2 24 | $-15.3M | $2.3M | ||
| Q1 24 | $-21.5M | $27.0M |
| Q4 25 | $9.8M | $9.6M | ||
| Q3 25 | $-9.8M | $8.8M | ||
| Q2 25 | $18.6M | $4.4M | ||
| Q1 25 | $-47.6M | $27.7M | ||
| Q4 24 | $32.3M | $10.5M | ||
| Q3 24 | $8.9M | $12.0M | ||
| Q2 24 | $-18.9M | $26.0K | ||
| Q1 24 | $-25.0M | $23.9M |
| Q4 25 | 10.8% | 15.3% | ||
| Q3 25 | -13.8% | 15.4% | ||
| Q2 25 | 17.3% | 7.3% | ||
| Q1 25 | -72.4% | 43.8% | ||
| Q4 24 | 34.0% | 17.1% | ||
| Q3 24 | 10.7% | 21.4% | ||
| Q2 24 | -24.6% | 0.0% | ||
| Q1 24 | -27.7% | 36.9% |
| Q4 25 | 1.7% | 4.7% | ||
| Q3 25 | 1.3% | 4.4% | ||
| Q2 25 | 1.1% | 3.1% | ||
| Q1 25 | 3.7% | 2.6% | ||
| Q4 24 | 5.6% | 3.2% | ||
| Q3 24 | 1.9% | 3.5% | ||
| Q2 24 | 4.7% | 3.7% | ||
| Q1 24 | 3.9% | 4.7% |
| Q4 25 | 2.11× | 0.29× | ||
| Q3 25 | — | 1.74× | ||
| Q2 25 | 2.31× | 0.75× | ||
| Q1 25 | — | 2.02× | ||
| Q4 24 | 13.89× | 0.43× | ||
| Q3 24 | 20.52× | 1.69× | ||
| Q2 24 | — | 0.35× | ||
| Q1 24 | -3.42× | 2.00× |
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% |
OSPN
| Transferred At Point In Time | $32.7M | 52% |
| Subscription | $21.1M | 34% |
| Maintenance Support And Other | $9.2M | 15% |
