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AerSale Corp（ASLE）与GCM Grosvenor Inc.（GCMG）财务数据对比。点击上方公司名可切换其他公司
GCM Grosvenor Inc.的季度营收约是AerSale Corp的1.9倍（$177.1M vs $90.9M），GCM Grosvenor Inc.净利率更高（32.8% vs 5.9%，领先26.9%），GCM Grosvenor Inc.同比增速更快（7.2% vs -4.0%），GCM Grosvenor Inc.自由现金流更多（$175.0M vs $9.8M），过去两年GCM Grosvenor Inc.的营收复合增速更高（27.5% vs 0.2%）
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。
GCM Grosvenor是美国头部另类资产管理机构，截至2023年资产管理规模约760亿美元，拥有约530名专业人士，为全球机构及个人投资者提供定制化另类投资解决方案，覆盖私募股权、对冲基金、房地产、基础设施等多元资产类别。
ASLE vs GCMG — 直观对比
营收规模更大
GCMG
是对方的1.9倍
$90.9M
营收增速更快
GCMG
高出11.2%
-4.0%
净利率更高
GCMG
高出26.9%
5.9%
自由现金流更多
GCMG
多$165.3M
$9.8M
两年增速更快
GCMG
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $90.9M | $177.1M |
| 净利润 | $5.4M | $58.2M |
| 毛利率 | 34.1% | — |
| 营业利润率 | 7.8% | 30.9% |
| 净利率 | 5.9% | 32.8% |
| 营收同比 | -4.0% | 7.2% |
| 净利润同比 | 99.7% | 149.2% |
| 每股收益（稀释后） | $0.10 | $0.23 |
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ASLEGCMG
| Q4 25 | $90.9M | $177.1M | ||
| Q3 25 | $71.2M | $135.0M | ||
| Q2 25 | $107.4M | $119.7M | ||
| Q1 25 | $65.8M | $125.8M | ||
| Q4 24 | $94.7M | $165.3M | ||
| Q3 24 | $82.7M | $122.9M | ||
| Q2 24 | $77.1M | $117.0M | ||
| Q1 24 | $90.5M | $108.9M |
净利润ASLEGCMG
| Q4 25 | $5.4M | $58.2M | ||
| Q3 25 | $-120.0K | $10.5M | ||
| Q2 25 | $8.6M | $15.4M | ||
| Q1 25 | $-5.3M | $463.0K | ||
| Q4 24 | $2.7M | $7.6M | ||
| Q3 24 | $509.0K | $4.2M | ||
| Q2 24 | $-3.6M | $4.8M | ||
| Q1 24 | $6.3M | $2.1M |
毛利率ASLEGCMG
| 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% | — | ||
| Q1 24 | 31.8% | — |
营业利润率ASLEGCMG
| Q4 25 | 7.8% | 30.9% | ||
| Q3 25 | 4.0% | 32.7% | ||
| Q2 25 | 11.7% | 16.1% | ||
| Q1 25 | -10.1% | 12.2% | ||
| Q4 24 | 5.2% | 26.4% | ||
| Q3 24 | 2.4% | 20.3% | ||
| Q2 24 | -2.4% | 17.8% | ||
| Q1 24 | 5.2% | -14.7% |
净利率ASLEGCMG
| Q4 25 | 5.9% | 32.8% | ||
| Q3 25 | -0.2% | 7.8% | ||
| Q2 25 | 8.0% | 12.9% | ||
| Q1 25 | -8.0% | 0.4% | ||
| Q4 24 | 2.9% | 4.6% | ||
| Q3 24 | 0.6% | 3.4% | ||
| Q2 24 | -4.7% | 4.1% | ||
| Q1 24 | 6.9% | 2.0% |
每股收益（稀释后）ASLEGCMG
| Q4 25 | $0.10 | $0.23 | ||
| Q3 25 | $0.00 | $0.16 | ||
| Q2 25 | $0.18 | $0.05 | ||
| Q1 25 | $-0.10 | $-0.02 | ||
| Q4 24 | $0.05 | $0.09 | ||
| Q3 24 | $0.01 | $0.03 | ||
| Q2 24 | $-0.07 | $0.04 | ||
| Q1 24 | $0.12 | $-0.13 |
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 | $242.1M |
| 总债务越低越好 | $1.3M | $428.4M |
| 股东权益账面价值 | $424.4M | $27.0M |
| 总资产 | $640.5M | $813.8M |
| 负债/权益比越低杠杆越低 | 0.00× | 15.87× |
8季度趋势，按日历期对齐
现金及短期投资ASLEGCMG
| Q4 25 | $4.4M | $242.1M | ||
| Q3 25 | $5.3M | $182.7M | ||
| Q2 25 | $5.7M | $136.3M | ||
| Q1 25 | $4.7M | $94.5M | ||
| Q4 24 | $4.7M | $89.5M | ||
| Q3 24 | $9.8M | $98.4M | ||
| Q2 24 | $4.3M | $73.9M | ||
| Q1 24 | $2.6M | $41.9M |
总债务ASLEGCMG
| Q4 25 | $1.3M | $428.4M | ||
| Q3 25 | $1.5M | $429.3M | ||
| Q2 25 | $907.0K | $430.2M | ||
| Q1 25 | $1.1M | $431.1M | ||
| Q4 24 | $1.2M | $432.0M | ||
| Q3 24 | $376.0K | $432.9M | ||
| Q2 24 | $522.0K | $433.8M | ||
| Q1 24 | $3.5M | $384.0M |
股东权益ASLEGCMG
| Q4 25 | $424.4M | $27.0M | ||
| Q3 25 | $417.1M | $-7.4M | ||
| Q2 25 | $415.9M | $-12.3M | ||
| Q1 25 | $406.5M | $-28.3M | ||
| Q4 24 | $455.6M | $-27.6M | ||
| Q3 24 | $451.5M | $-31.9M | ||
| Q2 24 | $449.8M | $-28.5M | ||
| Q1 24 | $452.0M | $-26.4M |
总资产ASLEGCMG
| Q4 25 | $640.5M | $813.8M | ||
| Q3 25 | $646.3M | $685.9M | ||
| Q2 25 | $646.7M | $636.9M | ||
| Q1 25 | $646.1M | $579.8M | ||
| Q4 24 | $604.7M | $612.7M | ||
| Q3 24 | $601.5M | $575.0M | ||
| Q2 24 | $598.7M | $543.9M | ||
| Q1 24 | $571.7M | $497.3M |
负债/权益比ASLEGCMG
| Q4 25 | 0.00× | 15.87× | ||
| 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× | — |
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 | $183.5M |
| 自由现金流经营现金流 - 资本支出 | $9.8M | $175.0M |
| 自由现金流率自由现金流/营收 | 10.8% | 98.8% |
| 资本支出强度资本支出/营收 | 1.7% | 4.8% |
| 现金转化率经营现金流/净利润 | 2.11× | 3.16× |
| 过去12个月自由现金流最近4个季度 | $-29.1M | $326.2M |
8季度趋势，按日历期对齐
经营现金流ASLEGCMG
| Q4 25 | $11.4M | $183.5M | ||
| Q3 25 | $-8.9M | $79.8M | ||
| Q2 25 | $19.8M | $42.0M | ||
| Q1 25 | $-45.2M | $33.3M | ||
| Q4 24 | $37.5M | $148.8M | ||
| Q3 24 | $10.4M | $69.0M | ||
| Q2 24 | $-15.3M | $17.5M | ||
| Q1 24 | $-21.5M | $24.2M |
自由现金流ASLEGCMG
| Q4 25 | $9.8M | $175.0M | ||
| Q3 25 | $-9.8M | $78.3M | ||
| Q2 25 | $18.6M | $40.8M | ||
| Q1 25 | $-47.6M | $32.1M | ||
| Q4 24 | $32.3M | $132.0M | ||
| Q3 24 | $8.9M | $62.2M | ||
| Q2 24 | $-18.9M | $12.8M | ||
| Q1 24 | $-25.0M | $20.0M |
自由现金流率ASLEGCMG
| Q4 25 | 10.8% | 98.8% | ||
| Q3 25 | -13.8% | 58.0% | ||
| Q2 25 | 17.3% | 34.1% | ||
| Q1 25 | -72.4% | 25.5% | ||
| Q4 24 | 34.0% | 79.9% | ||
| Q3 24 | 10.7% | 50.6% | ||
| Q2 24 | -24.6% | 10.9% | ||
| Q1 24 | -27.7% | 18.4% |
资本支出强度ASLEGCMG
| Q4 25 | 1.7% | 4.8% | ||
| Q3 25 | 1.3% | 1.1% | ||
| Q2 25 | 1.1% | 1.0% | ||
| Q1 25 | 3.7% | 0.9% | ||
| Q4 24 | 5.6% | 10.1% | ||
| Q3 24 | 1.9% | 5.5% | ||
| Q2 24 | 4.7% | 4.0% | ||
| Q1 24 | 3.9% | 3.9% |
现金转化率ASLEGCMG
| Q4 25 | 2.11× | 3.16× | ||
| Q3 25 | — | 7.61× | ||
| Q2 25 | 2.31× | 2.72× | ||
| Q1 25 | — | 71.84× | ||
| Q4 24 | 13.89× | 19.54× | ||
| Q3 24 | 20.52× | 16.60× | ||
| Q2 24 | — | 3.64× | ||
| Q1 24 | -3.42× | 11.40× |
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% |
GCMG
| Asset Management1 | $108.6M | 61% |
| Management Service Incentive Performance Fees | $61.7M | 35% |
| Management Service Incentive Carried Interest | $5.1M | 3% |
| Service Other | $1.8M | 1% |
