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Side-by-side financial comparison of AerSale Corp (ASLE) and TSS, Inc. (TSSI). Click either name above to swap in a different company.
AerSale Corp is the larger business by last-quarter revenue ($90.9M vs $60.9M, roughly 1.5× TSS, Inc.). TSS, Inc. runs the higher net margin — 20.0% vs 5.9%, a 14.0% gap on every dollar of revenue. On growth, TSS, Inc. posted the faster year-over-year revenue change (21.8% vs -4.0%). TSS, Inc. produced more free cash flow last quarter ($15.8M vs $9.8M). Over the past eight quarters, TSS, Inc.'s revenue compounded faster (95.8% 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.
ASLE vs TSSI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $90.9M | $60.9M |
| Net Profit | $5.4M | $12.2M |
| Gross Margin | 34.1% | 17.6% |
| Operating Margin | 7.8% | 1.5% |
| Net Margin | 5.9% | 20.0% |
| Revenue YoY | -4.0% | 21.8% |
| Net Profit YoY | 99.7% | 535.7% |
| EPS (diluted) | $0.10 | $0.44 |
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 | $60.9M | ||
| Q3 25 | $71.2M | $41.9M | ||
| Q2 25 | $107.4M | $44.0M | ||
| Q1 25 | $65.8M | $99.0M | ||
| Q4 24 | $94.7M | $50.0M | ||
| Q3 24 | $82.7M | $70.1M | ||
| Q2 24 | $77.1M | $12.2M | ||
| Q1 24 | $90.5M | $15.9M |
| Q4 25 | $5.4M | $12.2M | ||
| Q3 25 | $-120.0K | $-1.5M | ||
| Q2 25 | $8.6M | $1.5M | ||
| Q1 25 | $-5.3M | $3.0M | ||
| Q4 24 | $2.7M | $1.9M | ||
| Q3 24 | $509.0K | $2.6M | ||
| Q2 24 | $-3.6M | $1.4M | ||
| Q1 24 | $6.3M | $15.0K |
| Q4 25 | 34.1% | 17.6% | ||
| Q3 25 | 30.2% | 11.1% | ||
| Q2 25 | 32.9% | 17.8% | ||
| Q1 25 | 27.3% | 9.3% | ||
| Q4 24 | 31.4% | 14.4% | ||
| Q3 24 | 28.6% | 11.3% | ||
| Q2 24 | 28.2% | 37.3% | ||
| Q1 24 | 31.8% | 17.1% |
| Q4 25 | 7.8% | 1.5% | ||
| Q3 25 | 4.0% | -2.2% | ||
| Q2 25 | 11.7% | 5.1% | ||
| Q1 25 | -10.1% | 4.2% | ||
| Q4 24 | 5.2% | 0.0% | ||
| Q3 24 | 2.4% | 5.4% | ||
| Q2 24 | -2.4% | 14.0% | ||
| Q1 24 | 5.2% | 1.6% |
| Q4 25 | 5.9% | 20.0% | ||
| Q3 25 | -0.2% | -3.6% | ||
| Q2 25 | 8.0% | 3.4% | ||
| Q1 25 | -8.0% | 3.0% | ||
| Q4 24 | 2.9% | 3.8% | ||
| Q3 24 | 0.6% | 3.8% | ||
| Q2 24 | -4.7% | 11.5% | ||
| Q1 24 | 6.9% | 0.1% |
| Q4 25 | $0.10 | $0.44 | ||
| Q3 25 | $0.00 | $-0.06 | ||
| Q2 25 | $0.18 | $0.06 | ||
| Q1 25 | $-0.10 | $0.12 | ||
| Q4 24 | $0.05 | $0.08 | ||
| Q3 24 | $0.01 | $0.10 | ||
| Q2 24 | $-0.07 | $0.06 | ||
| Q1 24 | $0.12 | $0.00 |
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 | $85.5M |
| Total DebtLower is stronger | $1.3M | — |
| Stockholders' EquityBook value | $424.4M | $76.6M |
| Total Assets | $640.5M | $184.9M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4M | $85.5M | ||
| Q3 25 | $5.3M | $70.7M | ||
| Q2 25 | $5.7M | — | ||
| Q1 25 | $4.7M | — | ||
| Q4 24 | $4.7M | $23.2M | ||
| Q3 24 | $9.8M | $46.4M | ||
| Q2 24 | $4.3M | $8.3M | ||
| Q1 24 | $2.6M | $14.4M |
| 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 | $76.6M | ||
| Q3 25 | $417.1M | $63.4M | ||
| Q2 25 | $415.9M | $9.5M | ||
| Q1 25 | $406.5M | $9.4M | ||
| Q4 24 | $455.6M | $7.1M | ||
| Q3 24 | $451.5M | $7.7M | ||
| Q2 24 | $449.8M | $5.2M | ||
| Q1 24 | $452.0M | $3.7M |
| Q4 25 | $640.5M | $184.9M | ||
| Q3 25 | $646.3M | $165.4M | ||
| Q2 25 | $646.7M | $139.5M | ||
| Q1 25 | $646.1M | $113.5M | ||
| Q4 24 | $604.7M | $96.6M | ||
| Q3 24 | $601.5M | $67.3M | ||
| Q2 24 | $598.7M | $28.9M | ||
| Q1 24 | $571.7M | $26.8M |
| 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 | $16.3M |
| Free Cash FlowOCF − Capex | $9.8M | $15.8M |
| FCF MarginFCF / Revenue | 10.8% | 25.9% |
| Capex IntensityCapex / Revenue | 1.7% | 0.9% |
| Cash ConversionOCF / Net Profit | 2.11× | 1.34× |
| TTM Free Cash FlowTrailing 4 quarters | $-29.1M | $2.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | $16.3M | ||
| Q3 25 | $-8.9M | $-18.4M | ||
| Q2 25 | $19.8M | $16.3M | ||
| Q1 25 | $-45.2M | $20.6M | ||
| Q4 24 | $37.5M | $-21.6M | ||
| Q3 24 | $10.4M | $38.6M | ||
| Q2 24 | $-15.3M | $-4.3M | ||
| Q1 24 | $-21.5M | $2.6M |
| Q4 25 | $9.8M | $15.8M | ||
| Q3 25 | $-9.8M | $-24.9M | ||
| Q2 25 | $18.6M | $5.4M | ||
| Q1 25 | $-47.6M | $5.8M | ||
| Q4 24 | $32.3M | $-28.4M | ||
| Q3 24 | $8.9M | $38.6M | ||
| Q2 24 | $-18.9M | $-6.0M | ||
| Q1 24 | $-25.0M | $2.6M |
| Q4 25 | 10.8% | 25.9% | ||
| Q3 25 | -13.8% | -59.3% | ||
| Q2 25 | 17.3% | 12.3% | ||
| Q1 25 | -72.4% | 5.8% | ||
| Q4 24 | 34.0% | -56.7% | ||
| Q3 24 | 10.7% | 55.1% | ||
| Q2 24 | -24.6% | -49.4% | ||
| Q1 24 | -27.7% | 16.4% |
| Q4 25 | 1.7% | 0.9% | ||
| Q3 25 | 1.3% | 15.3% | ||
| Q2 25 | 1.1% | 24.8% | ||
| Q1 25 | 3.7% | 15.0% | ||
| Q4 24 | 5.6% | 13.4% | ||
| Q3 24 | 1.9% | 0.1% | ||
| Q2 24 | 4.7% | 13.8% | ||
| Q1 24 | 3.9% | 0.2% |
| Q4 25 | 2.11× | 1.34× | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.31× | 11.02× | ||
| Q1 25 | — | 6.93× | ||
| Q4 24 | 13.89× | -11.32× | ||
| Q3 24 | 20.52× | 14.60× | ||
| Q2 24 | — | -3.09× | ||
| Q1 24 | -3.42× | 176.40× |
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% |
TSSI
| Procurement Revenues Segment | $43.2M | 71% |
| System Integration Services Segment | $14.2M | 23% |
| Facilities Segment | $3.5M | 6% |
