vs
Side-by-side financial comparison of AerCap Holdings N.V. (AER) and AIR LEASE CORP (AL), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
AerCap Holdings N.V. is the larger business by last-quarter revenue ($1.9B vs $140.8M, roughly 13.4× AIR LEASE CORP). AIR LEASE CORP runs the higher net margin — 66.7% vs 128.5%, a 61.7% gap on every dollar of revenue. On growth, AIR LEASE CORP posted the faster year-over-year revenue change (90.4% vs -3.6%).
エアキャップ・ホールディングスN.V.はアイルランドと米国にルーツを持つ航空リース企業で、本社はアイルランドのダブリンにあり、世界中に事業所を展開しています。NYSEに上場しておりティッカーシンボルは「AER」で、2014年のILFC買収、2021年のGEからのGECAS買収を経て世界最大の航空リース企業となりました。
エア・リース・コーポレーション（ALC）は2010年設立の米国の航空機リース企業で、スティーブン・F・ウドヴァーヘイジーが経営を率いる。ボーイング、エアバス、エンブラエル、ATRから直接新型商用航空機を購入し、世界中の航空会社顧客に専門的なリース及び金融サービスを提供している。
AER vs AL — Head-to-Head
Income Statement — Q2 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $140.8M |
| Net Profit | $1.3B | $180.9M |
| Gross Margin | — | — |
| Operating Margin | 73.1% | — |
| Net Margin | 66.7% | 128.5% |
| Revenue YoY | -3.6% | 90.4% |
| Net Profit YoY | 181.0% | 60.2% |
| EPS (diluted) | $7.09 | $1.49 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | — | $140.8M | ||
| Q3 25 | — | $44.5M | ||
| Q2 25 | $1.9B | $53.0M | ||
| Q1 25 | — | $92.9M | ||
| Q4 24 | — | $74.0M | ||
| Q3 24 | — | $65.0M | ||
| Q2 24 | $2.0B | $57.8M | ||
| Q1 24 | — | $49.0M |
| Q4 25 | — | $180.9M | ||
| Q3 25 | — | $146.5M | ||
| Q2 25 | $1.3B | $385.2M | ||
| Q1 25 | — | $375.8M | ||
| Q4 24 | — | $112.9M | ||
| Q3 24 | — | $104.0M | ||
| Q2 24 | $448.2M | $102.9M | ||
| Q1 24 | — | $107.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 73.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 25.1% | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 128.5% | ||
| Q3 25 | — | 329.2% | ||
| Q2 25 | 66.7% | 726.9% | ||
| Q1 25 | — | 404.5% | ||
| Q4 24 | — | 152.7% | ||
| Q3 24 | — | 160.0% | ||
| Q2 24 | 22.9% | 178.2% | ||
| Q1 24 | — | 220.2% |
| Q4 25 | — | $1.49 | ||
| Q3 25 | — | $1.21 | ||
| Q2 25 | $7.09 | $3.33 | ||
| Q1 25 | — | $3.26 | ||
| Q4 24 | — | $0.83 | ||
| Q3 24 | — | $0.82 | ||
| Q2 24 | $2.28 | $0.81 | ||
| Q1 24 | — | $0.87 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.7B | $466.4M |
| Total DebtLower is stronger | $46.1B | $19.7B |
| Stockholders' EquityBook value | $17.9B | $8.5B |
| Total Assets | $73.6B | $32.9B |
| Debt / EquityLower = less leverage | 2.57× | 2.33× |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | — | $466.4M | ||
| Q3 25 | — | $452.2M | ||
| Q2 25 | $2.7B | $454.8M | ||
| Q1 25 | — | $456.6M | ||
| Q4 24 | — | $472.6M | ||
| Q3 24 | — | $460.8M | ||
| Q2 24 | $1.4B | $454.1M | ||
| Q1 24 | — | $554.4M |
| Q4 25 | — | $19.7B | ||
| Q3 25 | — | $20.2B | ||
| Q2 25 | $46.1B | $20.3B | ||
| Q1 25 | — | $19.9B | ||
| Q4 24 | — | $20.2B | ||
| Q3 24 | — | $20.2B | ||
| Q2 24 | $45.7B | $19.7B | ||
| Q1 24 | — | $19.5B |
| Q4 25 | — | $8.5B | ||
| Q3 25 | — | $8.3B | ||
| Q2 25 | $17.9B | $8.2B | ||
| Q1 25 | — | $7.9B | ||
| Q4 24 | — | $7.5B | ||
| Q3 24 | — | $7.7B | ||
| Q2 24 | $17.0B | $7.3B | ||
| Q1 24 | — | $7.2B |
| Q4 25 | — | $32.9B | ||
| Q3 25 | — | $33.4B | ||
| Q2 25 | $73.6B | $33.3B | ||
| Q1 25 | — | $32.4B | ||
| Q4 24 | — | $32.3B | ||
| Q3 24 | — | $32.2B | ||
| Q2 24 | $71.1B | $31.0B | ||
| Q1 24 | — | $30.9B |
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 2.42× | ||
| Q2 25 | 2.57× | 2.47× | ||
| Q1 25 | — | 2.53× | ||
| Q4 24 | — | 2.68× | ||
| Q3 24 | — | 2.63× | ||
| Q2 24 | 2.69× | 2.69× | ||
| Q1 24 | — | 2.69× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $414.1M |
| Free Cash FlowOCF − Capex | — | $342.1M |
| FCF MarginFCF / Revenue | — | 242.9% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | — | 51.1% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | — | 2.29× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.5B |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | — | $414.1M | ||
| Q3 25 | — | $458.6M | ||
| Q2 25 | — | $473.6M | ||
| Q1 25 | — | $388.3M | ||
| Q4 24 | — | $430.0M | ||
| Q3 24 | — | $461.9M | ||
| Q2 24 | — | $413.8M | ||
| Q1 24 | — | $371.3M |
| Q4 25 | — | $342.1M | ||
| Q3 25 | — | $412.3M | ||
| Q2 25 | — | $427.1M | ||
| Q1 25 | — | $315.5M | ||
| Q4 24 | — | $326.8M | ||
| Q3 24 | — | $369.8M | ||
| Q2 24 | — | $346.4M | ||
| Q1 24 | — | $246.8M |
| Q4 25 | — | 242.9% | ||
| Q3 25 | — | 926.6% | ||
| Q2 25 | — | 806.0% | ||
| Q1 25 | — | 339.5% | ||
| Q4 24 | — | 441.8% | ||
| Q3 24 | — | 569.1% | ||
| Q2 24 | — | 599.5% | ||
| Q1 24 | — | 503.8% |
| Q4 25 | — | 51.1% | ||
| Q3 25 | — | 104.1% | ||
| Q2 25 | — | 87.8% | ||
| Q1 25 | — | 78.4% | ||
| Q4 24 | — | 139.6% | ||
| Q3 24 | — | 141.7% | ||
| Q2 24 | — | 116.7% | ||
| Q1 24 | — | 254.3% |
| Q4 25 | — | 2.29× | ||
| Q3 25 | — | 3.13× | ||
| Q2 25 | — | 1.23× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | — | 3.81× | ||
| Q3 24 | — | 4.44× | ||
| Q2 24 | — | 4.02× | ||
| Q1 24 | — | 3.44× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
