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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%).
AerCap Holdings N.V.是爱尔兰与美国合资的航空租赁企业，总部位于爱尔兰都柏林，在全球各地设有办事处。公司于纽交所上市，股票代码为AER，2014年收购ILFC、2021年斥资超300亿美元从通用电气收购GECAS后，成为全球规模最大的航空租赁公司。
航空租赁公司（ALC）是2010年成立的美国飞机租赁企业，由史蒂文·F·乌德瓦-哈齐执掌运营。公司直接向波音、空客、巴航工业、ATR采购全新商用飞机，为全球各地航空公司客户提供专业的飞机租赁及融资服务。
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.
