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Side-by-side financial comparison of AerSale Corp (ASLE) and Ranpak Holdings Corp. (PACK). Click either name above to swap in a different company.
Ranpak Holdings Corp. is the larger business by last-quarter revenue ($93.7M vs $90.9M, roughly 1.0× AerSale Corp). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs -4.0%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% 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.
Ranpak Holdings Corp. manufactures machines and paper products used in protective paper-based packing for shipping goods and merchandise for e-commerce and industry, along with automation solutions. The company is based in Concord, Ohio, and has production facilities and offices in Reno, Nevada; Kansas City, Missouri; the Netherlands; Czech Republic; Shanghai and Singapore. The paper packaging material can be used for multiple applications like wrapping, cushioning, void fill and cold chain p...
ASLE vs PACK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $90.9M | $93.7M |
| Net Profit | $5.4M | — |
| Gross Margin | 34.1% | 39.0% |
| Operating Margin | 7.8% | -1.0% |
| Net Margin | 5.9% | — |
| Revenue YoY | -4.0% | 2.3% |
| Net Profit YoY | 99.7% | — |
| EPS (diluted) | $0.10 | $-0.11 |
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 | $93.7M | ||
| Q3 25 | $71.2M | $83.6M | ||
| Q2 25 | $107.4M | $77.8M | ||
| Q1 25 | $65.8M | $77.6M | ||
| Q4 24 | $94.7M | $91.6M | ||
| Q3 24 | $82.7M | $78.6M | ||
| Q2 24 | $77.1M | $72.8M | ||
| Q1 24 | $90.5M | $72.5M |
| Q4 25 | $5.4M | — | ||
| Q3 25 | $-120.0K | $-10.4M | ||
| Q2 25 | $8.6M | $-7.5M | ||
| Q1 25 | $-5.3M | $-10.9M | ||
| Q4 24 | $2.7M | — | ||
| Q3 24 | $509.0K | $-8.1M | ||
| Q2 24 | $-3.6M | $5.5M | ||
| Q1 24 | $6.3M | $-8.1M |
| Q4 25 | 34.1% | 39.0% | ||
| Q3 25 | 30.2% | 41.1% | ||
| Q2 25 | 32.9% | 37.1% | ||
| Q1 25 | 27.3% | 39.8% | ||
| Q4 24 | 31.4% | 45.2% | ||
| Q3 24 | 28.6% | 43.8% | ||
| Q2 24 | 28.2% | 43.5% | ||
| Q1 24 | 31.8% | 44.6% |
| Q4 25 | 7.8% | -1.0% | ||
| Q3 25 | 4.0% | -6.8% | ||
| Q2 25 | 11.7% | -12.5% | ||
| Q1 25 | -10.1% | -10.3% | ||
| Q4 24 | 5.2% | 1.5% | ||
| Q3 24 | 2.4% | -5.3% | ||
| Q2 24 | -2.4% | -7.1% | ||
| Q1 24 | 5.2% | -6.6% |
| Q4 25 | 5.9% | — | ||
| Q3 25 | -0.2% | -12.4% | ||
| Q2 25 | 8.0% | -9.6% | ||
| Q1 25 | -8.0% | -14.0% | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 0.6% | -10.3% | ||
| Q2 24 | -4.7% | 7.6% | ||
| Q1 24 | 6.9% | -11.2% |
| Q4 25 | $0.10 | $-0.11 | ||
| Q3 25 | $0.00 | $-0.12 | ||
| Q2 25 | $0.18 | $-0.09 | ||
| Q1 25 | $-0.10 | $-0.13 | ||
| Q4 24 | $0.05 | $-0.13 | ||
| Q3 24 | $0.01 | $-0.10 | ||
| Q2 24 | $-0.07 | $0.07 | ||
| Q1 24 | $0.12 | $-0.10 |
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 | $63.0M |
| Total DebtLower is stronger | $1.3M | $401.9M |
| Stockholders' EquityBook value | $424.4M | $534.9M |
| Total Assets | $640.5M | $1.1B |
| Debt / EquityLower = less leverage | 0.00× | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4M | $63.0M | ||
| Q3 25 | $5.3M | $49.9M | ||
| Q2 25 | $5.7M | $49.2M | ||
| Q1 25 | $4.7M | $65.5M | ||
| Q4 24 | $4.7M | $76.1M | ||
| Q3 24 | $9.8M | $69.5M | ||
| Q2 24 | $4.3M | $65.1M | ||
| Q1 24 | $2.6M | $55.1M |
| Q4 25 | $1.3M | $401.9M | ||
| Q3 25 | $1.5M | $403.1M | ||
| Q2 25 | $907.0K | $403.1M | ||
| Q1 25 | $1.1M | $405.2M | ||
| Q4 24 | $1.2M | $406.4M | ||
| Q3 24 | $376.0K | $403.2M | ||
| Q2 24 | $522.0K | $396.1M | ||
| Q1 24 | $3.5M | $396.7M |
| Q4 25 | $424.4M | $534.9M | ||
| Q3 25 | $417.1M | $537.8M | ||
| Q2 25 | $415.9M | $539.0M | ||
| Q1 25 | $406.5M | $544.1M | ||
| Q4 24 | $455.6M | $548.1M | ||
| Q3 24 | $451.5M | $564.3M | ||
| Q2 24 | $449.8M | $566.2M | ||
| Q1 24 | $452.0M | $560.0M |
| Q4 25 | $640.5M | $1.1B | ||
| Q3 25 | $646.3M | $1.1B | ||
| Q2 25 | $646.7M | $1.1B | ||
| Q1 25 | $646.1M | $1.1B | ||
| Q4 24 | $604.7M | $1.1B | ||
| Q3 24 | $601.5M | $1.1B | ||
| Q2 24 | $598.7M | $1.1B | ||
| Q1 24 | $571.7M | $1.1B |
| Q4 25 | 0.00× | 0.75× | ||
| Q3 25 | 0.00× | 0.75× | ||
| Q2 25 | 0.00× | 0.75× | ||
| Q1 25 | 0.00× | 0.74× | ||
| Q4 24 | 0.00× | 0.74× | ||
| Q3 24 | 0.00× | 0.71× | ||
| Q2 24 | 0.00× | 0.70× | ||
| Q1 24 | 0.01× | 0.71× |
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 | $19.5M |
| 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.
| Q4 25 | $11.4M | $19.5M | ||
| Q3 25 | $-8.9M | $8.5M | ||
| Q2 25 | $19.8M | $-3.6M | ||
| Q1 25 | $-45.2M | $-1.3M | ||
| Q4 24 | $37.5M | $6.5M | ||
| Q3 24 | $10.4M | $10.1M | ||
| Q2 24 | $-15.3M | $19.6M | ||
| Q1 24 | $-21.5M | $5.2M |
| Q4 25 | $9.8M | — | ||
| Q3 25 | $-9.8M | — | ||
| Q2 25 | $18.6M | — | ||
| Q1 25 | $-47.6M | — | ||
| Q4 24 | $32.3M | — | ||
| Q3 24 | $8.9M | — | ||
| Q2 24 | $-18.9M | — | ||
| Q1 24 | $-25.0M | — |
| Q4 25 | 10.8% | — | ||
| Q3 25 | -13.8% | — | ||
| Q2 25 | 17.3% | — | ||
| Q1 25 | -72.4% | — | ||
| Q4 24 | 34.0% | — | ||
| Q3 24 | 10.7% | — | ||
| Q2 24 | -24.6% | — | ||
| Q1 24 | -27.7% | — |
| Q4 25 | 1.7% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 3.7% | — | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 4.7% | — | ||
| Q1 24 | 3.9% | — |
| Q4 25 | 2.11× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.31× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 13.89× | — | ||
| Q3 24 | 20.52× | — | ||
| Q2 24 | — | 3.56× | ||
| 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% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
