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AerSale Corp（ASLE）与FIRST MERCHANTS CORP（FRME）财务数据对比。点击上方公司名可切换其他公司
FIRST MERCHANTS CORP的季度营收约是AerSale Corp的1.7倍（$157.1M vs $90.9M），FIRST MERCHANTS CORP净利率更高（17.9% vs 5.9%，领先12.0%），过去两年AerSale Corp的营收复合增速更高（0.2% vs -0.9%）
AerSale Corp总部位于美国佛罗里达州多拉市，是一家面向航空领域的全球供应商，主要为客运及货运航空公司、政府机构、跨国整机制造商与独立维修机构提供商用喷气飞机二手整机、发动机、航空耗材，并提供航空工程服务，同时该公司也是飞机机队回收协会的成员企业。
第一商人集团是总部位于美国印第安纳州曼西的金融控股公司，业务覆盖印第安纳州中部地区，旗下拥有第一商人银行、第一商人私人财富顾问两大板块，在纳斯达克上市，股票代码为FRME。截至2023年3月，集团总资产达182亿美元，为客户提供商业银行、个人银行及投资顾问服务。
ASLE vs FRME — 直观对比
营收规模更大
FRME
是对方的1.7倍
$90.9M
净利率更高
FRME
高出12.0%
5.9%
两年增速更快
ASLE
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $90.9M | $157.1M |
| 净利润 | $5.4M | $28.2M |
| 毛利率 | 34.1% | — |
| 营业利润率 | 7.8% | — |
| 净利率 | 5.9% | 17.9% |
| 营收同比 | -4.0% | — |
| 净利润同比 | 99.7% | -49.1% |
| 每股收益（稀释后） | $0.10 | $0.45 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ASLEFRME
| Q1 26 | — | $157.1M | ||
| Q4 25 | $90.9M | $172.2M | ||
| Q3 25 | $71.2M | $166.1M | ||
| Q2 25 | $107.4M | $164.3M | ||
| Q1 25 | $65.8M | $160.3M | ||
| Q4 24 | $94.7M | $177.1M | ||
| Q3 24 | $82.7M | $156.0M | ||
| Q2 24 | $77.1M | $159.9M |
净利润ASLEFRME
| Q1 26 | — | $28.2M | ||
| Q4 25 | $5.4M | $57.1M | ||
| Q3 25 | $-120.0K | $56.8M | ||
| Q2 25 | $8.6M | $56.8M | ||
| Q1 25 | $-5.3M | $55.3M | ||
| Q4 24 | $2.7M | $64.3M | ||
| Q3 24 | $509.0K | $49.2M | ||
| Q2 24 | $-3.6M | $39.9M |
毛利率ASLEFRME
| Q1 26 | — | — | ||
| Q4 25 | 34.1% | — | ||
| Q3 25 | 30.2% | — | ||
| Q2 25 | 32.9% | — | ||
| Q1 25 | 27.3% | — | ||
| Q4 24 | 31.4% | — | ||
| Q3 24 | 28.6% | — | ||
| Q2 24 | 28.2% | — |
营业利润率ASLEFRME
| Q1 26 | — | — | ||
| Q4 25 | 7.8% | 38.0% | ||
| Q3 25 | 4.0% | 39.3% | ||
| Q2 25 | 11.7% | 39.6% | ||
| Q1 25 | -10.1% | 39.4% | ||
| Q4 24 | 5.2% | 43.3% | ||
| Q3 24 | 2.4% | 36.1% | ||
| Q2 24 | -2.4% | 27.5% |
净利率ASLEFRME
| Q1 26 | — | 17.9% | ||
| Q4 25 | 5.9% | 33.1% | ||
| Q3 25 | -0.2% | 34.2% | ||
| Q2 25 | 8.0% | 34.6% | ||
| Q1 25 | -8.0% | 34.5% | ||
| Q4 24 | 2.9% | 36.3% | ||
| Q3 24 | 0.6% | 31.5% | ||
| Q2 24 | -4.7% | 25.0% |
每股收益（稀释后）ASLEFRME
| Q1 26 | — | $0.45 | ||
| Q4 25 | $0.10 | $0.98 | ||
| Q3 25 | $0.00 | $0.98 | ||
| Q2 25 | $0.18 | $0.98 | ||
| Q1 25 | $-0.10 | $0.94 | ||
| Q4 24 | $0.05 | $1.09 | ||
| Q3 24 | $0.01 | $0.84 | ||
| Q2 24 | $-0.07 | $0.68 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $4.4M | — |
| 总债务越低越好 | $1.3M | — |
| 股东权益账面价值 | $424.4M | $2.7B |
| 总资产 | $640.5M | $21.1B |
| 负债/权益比越低杠杆越低 | 0.00× | — |
8季度趋势，按日历期对齐
现金及短期投资ASLEFRME
| Q1 26 | — | — | ||
| Q4 25 | $4.4M | — | ||
| Q3 25 | $5.3M | — | ||
| Q2 25 | $5.7M | — | ||
| Q1 25 | $4.7M | — | ||
| Q4 24 | $4.7M | — | ||
| Q3 24 | $9.8M | — | ||
| Q2 24 | $4.3M | — |
总债务ASLEFRME
| Q1 26 | — | — | ||
| 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 | — |
股东权益ASLEFRME
| Q1 26 | — | $2.7B | ||
| Q4 25 | $424.4M | $2.5B | ||
| Q3 25 | $417.1M | $2.4B | ||
| Q2 25 | $415.9M | $2.3B | ||
| Q1 25 | $406.5M | $2.3B | ||
| Q4 24 | $455.6M | $2.3B | ||
| Q3 24 | $451.5M | $2.3B | ||
| Q2 24 | $449.8M | $2.2B |
总资产ASLEFRME
| Q1 26 | — | $21.1B | ||
| Q4 25 | $640.5M | $19.0B | ||
| Q3 25 | $646.3M | $18.8B | ||
| Q2 25 | $646.7M | $18.6B | ||
| Q1 25 | $646.1M | $18.4B | ||
| Q4 24 | $604.7M | $18.3B | ||
| Q3 24 | $601.5M | $18.3B | ||
| Q2 24 | $598.7M | $18.3B |
负债/权益比ASLEFRME
| Q1 26 | — | — | ||
| 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× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $11.4M | — |
| 自由现金流经营现金流 - 资本支出 | $9.8M | — |
| 自由现金流率自由现金流/营收 | 10.8% | — |
| 资本支出强度资本支出/营收 | 1.7% | — |
| 现金转化率经营现金流/净利润 | 2.11× | — |
| 过去12个月自由现金流最近4个季度 | $-29.1M | — |
8季度趋势，按日历期对齐
经营现金流ASLEFRME
| Q1 26 | — | — | ||
| Q4 25 | $11.4M | $283.6M | ||
| Q3 25 | $-8.9M | $87.6M | ||
| Q2 25 | $19.8M | $53.7M | ||
| Q1 25 | $-45.2M | $61.7M | ||
| Q4 24 | $37.5M | $266.2M | ||
| Q3 24 | $10.4M | $76.8M | ||
| Q2 24 | $-15.3M | $63.0M |
自由现金流ASLEFRME
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率ASLEFRME
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度ASLEFRME
| Q1 26 | — | — | ||
| 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% | — |
现金转化率ASLEFRME
| Q1 26 | — | — | ||
| Q4 25 | 2.11× | 4.97× | ||
| Q3 25 | — | 1.54× | ||
| Q2 25 | 2.31× | 0.94× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | 13.89× | 4.14× | ||
| Q3 24 | 20.52× | 1.56× | ||
| Q2 24 | — | 1.58× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ASLE
| Products | $57.8M | 64% |
| Maintenance | $23.2M | 26% |
| Leasing Arrangements | $9.9M | 11% |
FRME
| Net Interest Income | $151.3M | 96% |
| Noninterest Income | $5.8M | 4% |
