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Side-by-side financial comparison of AerSale Corp (ASLE) and Safehold Inc. (SAFE). Click either name above to swap in a different company.
Safehold Inc. is the larger business by last-quarter revenue ($97.9M vs $90.9M, roughly 1.1× AerSale Corp). Safehold Inc. runs the higher net margin — 28.5% vs 5.9%, a 22.5% gap on every dollar of revenue. On growth, Safehold Inc. posted the faster year-over-year revenue change (6.5% vs -4.0%). Over the past eight quarters, Safehold Inc.'s revenue compounded faster (2.5% 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.
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
ASLE vs SAFE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $90.9M | $97.9M |
| Net Profit | $5.4M | $27.9M |
| Gross Margin | 34.1% | 98.6% |
| Operating Margin | 7.8% | 27.4% |
| Net Margin | 5.9% | 28.5% |
| Revenue YoY | -4.0% | 6.5% |
| Net Profit YoY | 99.7% | 7.1% |
| EPS (diluted) | $0.10 | $0.38 |
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 | $97.9M | ||
| Q3 25 | $71.2M | $96.2M | ||
| Q2 25 | $107.4M | $93.8M | ||
| Q1 25 | $65.8M | $97.7M | ||
| Q4 24 | $94.7M | $91.9M | ||
| Q3 24 | $82.7M | $90.7M | ||
| Q2 24 | $77.1M | $89.9M | ||
| Q1 24 | $90.5M | $93.2M |
| Q4 25 | $5.4M | $27.9M | ||
| Q3 25 | $-120.0K | $29.3M | ||
| Q2 25 | $8.6M | $27.9M | ||
| Q1 25 | $-5.3M | $29.4M | ||
| Q4 24 | $2.7M | $26.0M | ||
| Q3 24 | $509.0K | $19.3M | ||
| Q2 24 | $-3.6M | $29.7M | ||
| Q1 24 | $6.3M | $30.7M |
| Q4 25 | 34.1% | 98.6% | ||
| Q3 25 | 30.2% | 98.5% | ||
| Q2 25 | 32.9% | 99.1% | ||
| Q1 25 | 27.3% | 98.8% | ||
| Q4 24 | 31.4% | 98.8% | ||
| Q3 24 | 28.6% | 98.8% | ||
| Q2 24 | 28.2% | 98.8% | ||
| Q1 24 | 31.8% | 98.8% |
| Q4 25 | 7.8% | 27.4% | ||
| Q3 25 | 4.0% | 25.9% | ||
| Q2 25 | 11.7% | 25.5% | ||
| Q1 25 | -10.1% | 25.9% | ||
| Q4 24 | 5.2% | 24.6% | ||
| Q3 24 | 2.4% | 17.5% | ||
| Q2 24 | -2.4% | 26.7% | ||
| Q1 24 | 5.2% | 26.4% |
| Q4 25 | 5.9% | 28.5% | ||
| Q3 25 | -0.2% | 30.5% | ||
| Q2 25 | 8.0% | 29.8% | ||
| Q1 25 | -8.0% | 30.1% | ||
| Q4 24 | 2.9% | 28.3% | ||
| Q3 24 | 0.6% | 21.3% | ||
| Q2 24 | -4.7% | 33.0% | ||
| Q1 24 | 6.9% | 33.0% |
| Q4 25 | $0.10 | $0.38 | ||
| Q3 25 | $0.00 | $0.41 | ||
| Q2 25 | $0.18 | $0.39 | ||
| Q1 25 | $-0.10 | $0.41 | ||
| Q4 24 | $0.05 | $0.36 | ||
| Q3 24 | $0.01 | $0.27 | ||
| Q2 24 | $-0.07 | $0.42 | ||
| Q1 24 | $0.12 | $0.43 |
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 | $21.7M |
| Total DebtLower is stronger | $1.3M | $4.6B |
| Stockholders' EquityBook value | $424.4M | $2.4B |
| Total Assets | $640.5M | $7.2B |
| Debt / EquityLower = less leverage | 0.00× | 1.90× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4M | $21.7M | ||
| Q3 25 | $5.3M | $12.1M | ||
| Q2 25 | $5.7M | $13.9M | ||
| Q1 25 | $4.7M | $17.3M | ||
| Q4 24 | $4.7M | $8.3M | ||
| Q3 24 | $9.8M | $15.6M | ||
| Q2 24 | $4.3M | $13.4M | ||
| Q1 24 | $2.6M | $11.3M |
| Q4 25 | $1.3M | $4.6B | ||
| Q3 25 | $1.5M | $4.5B | ||
| Q2 25 | $907.0K | $4.4B | ||
| Q1 25 | $1.1M | $4.3B | ||
| Q4 24 | $1.2M | $4.3B | ||
| Q3 24 | $376.0K | $4.3B | ||
| Q2 24 | $522.0K | $4.2B | ||
| Q1 24 | $3.5M | $4.1B |
| Q4 25 | $424.4M | $2.4B | ||
| Q3 25 | $417.1M | $2.4B | ||
| Q2 25 | $415.9M | $2.4B | ||
| Q1 25 | $406.5M | $2.4B | ||
| Q4 24 | $455.6M | $2.3B | ||
| Q3 24 | $451.5M | $2.3B | ||
| Q2 24 | $449.8M | $2.3B | ||
| Q1 24 | $452.0M | $2.3B |
| Q4 25 | $640.5M | $7.2B | ||
| Q3 25 | $646.3M | $7.1B | ||
| Q2 25 | $646.7M | $7.1B | ||
| Q1 25 | $646.1M | $6.9B | ||
| Q4 24 | $604.7M | $6.9B | ||
| Q3 24 | $601.5M | $6.8B | ||
| Q2 24 | $598.7M | $6.8B | ||
| Q1 24 | $571.7M | $6.7B |
| Q4 25 | 0.00× | 1.90× | ||
| Q3 25 | 0.00× | 1.89× | ||
| Q2 25 | 0.00× | 1.87× | ||
| Q1 25 | 0.00× | 1.85× | ||
| Q4 24 | 0.00× | 1.84× | ||
| Q3 24 | 0.00× | 1.88× | ||
| Q2 24 | 0.00× | 1.81× | ||
| Q1 24 | 0.01× | 1.81× |
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 | $47.8M |
| Free Cash FlowOCF − Capex | $9.8M | — |
| FCF MarginFCF / Revenue | 10.8% | — |
| Capex IntensityCapex / Revenue | 1.7% | — |
| Cash ConversionOCF / Net Profit | 2.11× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $-29.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | $47.8M | ||
| Q3 25 | $-8.9M | $-1.4M | ||
| Q2 25 | $19.8M | $28.0M | ||
| Q1 25 | $-45.2M | $8.9M | ||
| Q4 24 | $37.5M | $37.9M | ||
| Q3 24 | $10.4M | $8.3M | ||
| Q2 24 | $-15.3M | $24.8M | ||
| Q1 24 | $-21.5M | $-3.1M |
| 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× | 1.72× | ||
| Q3 25 | — | -0.05× | ||
| Q2 25 | 2.31× | 1.00× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | 13.89× | 1.45× | ||
| Q3 24 | 20.52× | 0.43× | ||
| Q2 24 | — | 0.83× | ||
| Q1 24 | -3.42× | -0.10× |
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% |
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
