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Aercap Holdings N.V.

AER Industrials Rental & Leasing Services

Aercap Holdings N.V.’s revenue for fiscal 2025 (year ended December 2025) was $8.5 billion, up 6.50% from fiscal 2024.

Revenue
+4.62%
EPS
−12.2%
Free cash flow
+8.56%
Total debt
−1.72%

Quarter to September 2026, against a year earlier

166.21 0.49 +0.30%
Market cap
$25.7B
P/E
8.4×
Fwd P/E
7.7×
Dividend yield
0.88%
F-score
8/9
Altman Z
0.91
Beneish M
−2.82
Dividend safety
62/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 33.10
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — 4 1 — 1 — 3 —
Insider Ownership 3.84%

Capital & Financial Ratios $m

Size
Market Cap 25,660.00
Revenue ttm 9,068.58
Net income ttm 3,125.41
Free cash flow ttm 6,633.12
Net debt Q 40,619.50
Valuation
P/E 8.40
Forward P/E 7.71
Price / sales 2.79
Forward P/S Powerpack
Price / FCF 3.82
Price / book 1.36
Financial health
Current ratio Q 0.41 (below 1: weak)
Debt / equity Q 2.32 (above 2: weak)
Interest coverage Q 3.10
Growth
Revenue growth Q +4.62% (above 0%: growing)
Operating income growth Q −27.21% (below 0%: shrinking)
EPS, this year +40.71% (at or above 15%: strong)
EPS, next year A −12.36% (below 0%: weak)
Revenue, next year A +6.04%
EPS, past 5 yrs —
EPS, next 5 yrs A +9.44%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 7.3×, against a ten-year median of 7.3×; over the ten years it ranged from 6.2× in 2020 to 11.1× in 2021.
P/E against its own 10 years 90.11%
10-year low 10-year high
P/S against its own 10 years 97.32%
10-year low 10-year high
P/B against its own 10 years 98.97%
10-year low 10-year high
EV/Sales against its own 10 years 46.06%
10-year low 10-year high
EV/FCF against its own 10 years 2.74%
10-year low 10-year high

Dividends raised every year since 2024

Yield
0.88%
Annual rate
1.47
Payout ratio
7.54%
Growth, 2024–26
+46.1%/yr
  1. 0.75 ’24
  2. 1.08 ’25 +44
  3. 1.60 ’26 +48
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,825 1,402 1,480 2,653
Receivables 74 68 48 65
Inventory — — — —
Other — — — —
1,899 1,470 1,528 2,717
2023 2024 2025 Q'26
Payables 1,793 1,775 1,897 1,765
ST’ Debt — — — —
Other 1,019 1,093 1,185 1,173
5,675 6,195 6,617 6,627

Compound Annual Growth %

10y 5y 3y
Sales 4.88% 13.64% 6.69%
Cash Flow 4.85% 20.41% 1.41%
Earnings 12.27% 0.00% 0.00%
Book Value 8.08% 15.45% 4.20%

Earnings Trends EPS, adjusted, against the consensus

Sep 2026 Estimate 4.57 Actual 6.56

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Dec 2025 3.31 3.95 Beat by 0.64
Mar 2026 3.59 5.39 Beat by 1.80
Jun 2026 3.94 5.14 Beat by 1.20
Sep 2026 4.57 6.56 Beat by 1.99
Dec 2026 5.26 — Reports 5 February 2027

EPS $

Mar Jun Sep Dec Year
’26 4.96 4.59 6.17 — —
’25 3.48 7.09 6.98 3.79 21.30
’24 3.02 2.28 1.95 3.56 10.79
’23 1.79 2.12 4.86 5.37 13.78
’22 (8.35) 1.40 1.82 2.04 (3.02)
’21 1.76 1.92 3.35 0.44 6.71
’20 2.14 1.92 (6.66) 0.22 (2.31)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 2,242 2,167 2,415 — —
’25 2,077 1,887 2,309 2,244 8,517
’24 2,018 1,958 1,948 2,072 7,997
’23 1,866 1,924 1,892 1,899 7,580
’22 1,790 1,671 1,724 1,829 7,014
’21 1,095 1,232 1,454 1,442 5,224
’20 1,238 1,197 1,027 1,032 4,494
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 1,432 1,458 1,833 — —
’25 1,335 1,331 1,506 1,221 5,393
’24 1,376 1,409 1,368 1,284 5,437
’23 1,363 1,193 1,305 1,400 5,261
’22 1,337 1,172 1,112 1,551 5,171
’21 400 771 788 1,735 3,694
’20 629 308 541 653 2,130
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 2,039 1,685 1,966 — —
’25 545 1,312 1,811 943 4,611
’24 1,474 661 247 667 3,049
’23 543 669 933 576 2,720
’22 860 1,116 500 851 3,327
’21 550 419 646 1,172 2,787
’20 745 355 452 272 1,823
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 5,152 5,037 4,800 4,937 4,494 5,224 7,014 7,580 7,997 8,517 9,069 +5.7% 9,031 8,488 8,581 +0.3%
Gross margin, % 88.69 89.33 100.00 100.00 100.00 93.89 88.26 100.00 89.87 92.40 100.00 +3.7 pt
EBT 1,200 1,236 1,151 1,341 (315) 1,148 (1,002) 3,272 2,263 4,092 3,318 +14.6%
EBT margin, % 23.30 24.53 23.98 27.15 (7.00) 21.97 (14.29) 43.17 28.30 48.05 36.59 +24.7 pt
Net income 1,040 1,080 1,017 1,167 (295) 1,009 (721) 3,148 2,099 3,751 3,125 +15.3%
Per share, $
Per share, $ Revenue 27.77 31.28 33.07 36.69 35.18 35.68 29.16 33.81 42.13 49.46 59.49 +6.6%
Earnings 5.64 6.68 7.00 8.51 (2.31) 6.83 (3.02) 13.99 11.06 21.78 19.79 +16.2%
Cash flow 18.23 19.50 19.57 23.08 16.68 25.23 21.50 23.47 28.64 31.32 38.99 +6.2%
Capex (2.84) (13.52) (15.25) (11.78) (2.40) (6.19) (7.67) (11.33) (12.58) (4.54) 4.52 +5.4%
Free cash flow 15.39 5.98 4.32 11.30 14.27 19.03 13.83 12.13 16.06 26.78 43.52 +6.3%
Book value 46.26 53.64 61.18 69.72 69.93 113.70 67.34 73.99 90.53 106.42 122.17 +9.7%
Shares, m 186 161 145 135 128 146 240 224 190 172 161 (0.8%)
Valuation, ×
Valuation, × P/E 7.51 7.87 5.67 7.21 0.00 8.65 0.00 5.05 8.64 6.60 8.40 5.7
P/S 1.54 1.68 1.20 1.68 1.30 1.83 1.99 1.93 2.27 2.91 2.79 1.8
P/B 0.92 0.98 0.65 0.88 0.65 0.58 0.86 0.88 1.06 1.35 1.36 0.9
EV/Sales 6.46 6.92 7.05 7.38 7.36 11.08 8.37 7.82 7.76 7.85 7.27 7.8
EV/FCF 11.66 36.22 53.99 23.98 18.14 20.76 17.65 21.79 20.35 14.50 9.94 23.9
Cash, $m
Cash, $m Operating cash flow 3,381 3,140 2,840 3,106 2,130 3,694 5,171 5,261 5,437 5,393 5,943 +5.3%
Capex (526) (2,177) (2,214) (1,585) (307) (907) (1,844) (2,541) (2,388) (782) 690 +4.5%
Free cash flow 2,855 963 627 1,520 1,823 2,787 3,327 2,720 3,049 4,611 6,633 +5.5%
Balance, $m
Balance, $m Working capital (2,313) (2,209) (2,561) (2,622) (1,794) (3,536) (2,916) (3,776) (4,725) (5,089) (3,910) +9.2%
Net debt 25,352 26,397 28,093 28,186 27,247 48,290 44,776 44,658 43,893 42,086 40,619 +5.8%
Shareholders’ equity 8,582 8,639 8,881 9,382 8,932 16,647 16,195 16,589 17,185 18,323 18,622 +8.8%
Returns, %
Returns, % ROA 2.45 2.57 2.38 2.64 (0.70) 1.72 (1.01) 4.45 2.94 5.24 4.34 +2.8 pt
ROIC 2.21 2.20 1.95 2.23 (0.09) 1.11 (1.01) 3.34 2.32 4.23 3.46 +2.0 pt
ROE 12.31 12.50 11.59 12.55 (3.26) 7.82 (4.42) 19.13 12.43 21.13 17.00 +8.8 pt
People
People Employees 398 407 385 390 377 736 641 679 699 668 — +5.9%
Revenue/emp, $m 12.95 12.38 12.47 12.66 11.92 7.10 10.94 11.16 11.44 12.75 — (0.2%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Aercap Holdings N.V. vs peers in Rental & Leasing Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
URI United Rentals, Inc. $64.6B 23.1× 24.2× +15.70% (above 0%: growing) +35.38% (above 0%: growing) +1,473.68% (above 0%: growing) 41.81% 28.80% Compare
SUNB Sunbelt Rentals Holdings, Inc. $31.2B 22.6× 21.3× — — −91.04% (below 0%: shrinking) 40.10% 22.18% Compare
AER Aercap Holdings N.V. $25.7B 8.4× 7.7× +4.62% (above 0%: growing) −12.21% (below 0%: shrinking) +8.56% (above 0%: growing) 100.00% 60.94%
R Ryder System, Inc. $10.3B 20.6× 21.4× +8.26% (above 0%: growing) +25.00% (above 0%: growing) +782.86% (above 0%: growing) 19.95% 8.80% Compare
UHAL U-Haul Holding Company $10.2B 416× 52.0× +3.07% (above 0%: growing) −14.71% (below 0%: shrinking) +37.12% (above 0%: growing) 0.00% 14.95% Compare
GATX GATX Corporation $6.5B 17.4× 17.8× +36.13% (above 0%: growing) +30.22% (above 0%: growing) +145.40% (above 0%: growing) 74.97% 32.17% Compare
HRI Herc Holdings Inc. $5.0B 40.8× 25.2× +4.60% (above 0%: growing) +245.98% (above 0%: growing) −330.00% (below 0%: shrinking) 55.35% 18.18% Compare
CAR Avis Budget Group, Inc. $4.3B — (loss-making) 83.1× −2.36% (below 0%: shrinking) −44.84% (below 0%: shrinking) −11.76% (below 0%: shrinking) 52.82% 19.79% Compare
EQPT EquipmentShare.com Inc. $3.5B 15.4× 39.0× +102.37% (above 0%: growing) n/m −17.02% (below 0%: shrinking) 28.36% 6.49% Compare
Median of peers $8.4B 22.6× 24.7× +8.26% +27.61% +12.68% 40.96% 18.99%

All 20 Rental & Leasing Services stocks →

Aercap Holdings N.V. (AER) Latest News

4 Nov

Impact 3 · · Zacks

29 Oct

Impact 4 · · Zacks
Impact 3 · · Simply Wall St.
Impact 3 · · PR Newswire

28 Oct

Impact 4 · · MarketBeat transcript
Impact 4 · · Associated Press
Impact 4 · · Moby
Impact 4 · · The Motley Fool transcript
Impact 4 · · Zacks
Impact 4 · · PR Newswire
Impact 3 · · Zacks

27 Oct

Impact 4 · · Zacks

14 Oct

Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.
Impact 3 · · Zacks

8 Oct

Impact 3 · · Zacks

5 Oct

Impact 4 · · PR Newswire

28 Sep

Impact 3 · · Zacks

23 Sep

Impact 3 · · PR Newswire

5 Sep

Impact 3 ·

1 Sep

Impact 3 ·

14 Aug

Impact 3 ·

3 Aug

Impact 4 · · The Motley Fool transcript

30 Jul

Impact 4 ·

29 Jul

Impact 4 ·
Impact 3 · · The Motley Fool transcript
Impact 3 · · MarketBeat
Impact 3 · · Moby
Impact 3 ·

21 Jul

Impact 3 ·

AER metrics, ten years each

stockrow.com/AER · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com