Saturday 17 October 2026 Export AER’s income statement to Excel — free account

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. In the quarter to June 2026, revenue grew 14.9%, EPS fell 35.8%, free cash flow grew 28.5% and total debt fell 7.24%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for five.

145.69 0.23 −0.16%

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Market cap: $22.5B
P/E: 7.1×
Fwd P/E: 8.6×
Dividend yield: 1.01%
F-score: 8/9
Altman Z: 0.91
Beneish M: −2.82
Dividend safety: 62/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 21.09

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	3	1	—	1	—	—

Insider Ownership 6.08%

Capital & Financial Ratios $m

Market Cap 22,530.00

Revenue 8,961.82

Net Income 3,392.39

Free Cash Flow 6,478.03

Net Debt 40,974.11

Current Ratio 0.28

Debt/Equity 2.32

P/E ratio 7.05

Fwd P/E 8.64

P/S ratio 2.54

P/B ratio 1.24

Past 5Y EPS Growth —

This Y EPS Growth 23.64%

Next Y EPS Growth (4.14%)

Next Y revenue growth 1.33%

Next 5Y EPS Growth 8.17%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 42.71%

10-year low 10-year high

P/S against its own 10 years 89.97%

10-year low 10-year high

P/B against its own 10 years 93.22%

10-year low 10-year high

EV/Sales against its own 10 years 37.38%

10-year low 10-year high

EV/FCF against its own 10 years 1.06%

10-year low 10-year high

Dividends

Payout Ratio 0.07

Annual Dividend Rate 1.47

Annual Dividend Yield 1.01%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.60	0.40 0.40 0.40
2025	1.08	0.27 0.27 0.27 0.27
2024	0.75	0.25 0.25 0.25
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,825	1,402	1,480	1,799
Receivables	74	68	48	77
Inventory	—	—	—	—
Other	—	—	—	—
	1,899	1,470	1,528	1,876

	2023	2024	2025	Q'26
Payables	1,793	1,775	1,897	1,760
ST’ Debt	—	—	—	—
Other	1,019	1,093	1,185	1,184
	5,675	6,195	6,617	6,601

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%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	2,242	2,167	—	—	—
’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	—	—	—
’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	—	—	—
’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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	4.96	4.59	—	—	—
’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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	24.61	41.54	36.16	38.62	10.42	37.29	37.20	49.58	70.48	85.57	Analyst estimates 2026–2028 Powerpack
	High	45.53	54.50	58.30	62.86	64.86	71.38	69.36	75.48	100.81	146.67
People
People	Employees	398	407	385	390	377	736	641	679	699	668
	Revenue/emp, $m	12.95	12.38	12.47	12.66	11.92	7.10	10.94	11.16	11.44	12.75
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
	Gross margin, %	88.69	89.33	100.00	100.00	100.00	93.89	88.26	100.00	89.87	92.40
	EBT	1,200	1,236	1,151	1,341	(315)	1,148	(1,002)	3,272	2,263	4,092
	EBT margin, %	23.30	24.53	23.98	27.15	(7.00)	21.97	(14.29)	43.17	28.30	48.05
	Net income	1,040	1,080	1,017	1,167	(295)	1,009	(721)	3,148	2,099	3,751
	Depreciation	1,531	1,612	1,613	1,677	1,663	1,835	2,728	2,731	2,804	2,822
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
	Earnings	5.64	6.68	7.00	8.51	(2.31)	6.83	(3.02)	13.99	11.06	21.78
	Cash flow	18.23	19.50	19.57	23.08	16.68	25.23	21.50	23.47	28.64	31.32
	Capex	(2.84)	(13.52)	(15.25)	(11.78)	(2.40)	(6.19)	(7.67)	(11.33)	(12.58)	(4.54)
	Free cash flow	15.39	5.98	4.32	11.30	14.27	19.03	13.83	12.13	16.06	26.78
	Book value	46.26	53.64	61.18	69.72	69.93	113.70	67.34	73.99	90.53	106.42
	Shares, m	186	161	145	135	128	146	240	224	190	172
Valuation, ×
Valuation, ×	P/E	7.51	7.87	5.67	7.21	0.00	8.65	0.00	5.05	8.64	6.60
	P/S	1.54	1.68	1.20	1.68	1.30	1.83	1.99	2.14	2.27	2.91
	P/B	0.92	0.98	0.65	0.88	0.65	0.58	0.86	0.98	1.06	1.35
	EV/Sales	6.46	6.92	7.05	7.38	7.36	11.08	8.37	8.03	7.76	7.85
	EV/FCF	11.66	36.22	53.99	23.98	18.14	20.76	17.65	22.38	20.35	14.50
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
	Capex	(526)	(2,177)	(2,214)	(1,585)	(307)	(907)	(1,844)	(2,541)	(2,388)	(782)
	Free cash flow	2,855	963	627	1,520	1,823	2,787	3,327	2,720	3,049	4,611
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)
	Total debt	27,717	28,421	29,508	29,486	28,742	50,205	46,533	46,484	45,295	43,565
	Net debt	25,352	26,397	28,093	28,186	27,247	48,290	44,776	44,658	43,893	42,086
	Shareholders’ equity	8,582	8,639	8,881	9,382	8,932	16,647	16,195	16,589	17,185	18,323
Returns, %
Returns, %	ROA	2.45	2.57	2.38	2.64	(0.70)	1.72	(1.01)	4.45	2.94	5.24
	ROIC	2.21	2.20	1.95	2.23	(0.09)	1.11	(1.01)	3.34	2.32	4.23
	ROE	12.31	12.50	11.59	12.55	(3.26)	7.82	(4.42)	19.13	12.43	21.13

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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.	$65.2B	24.7×	24.4×	+11.84% (above 0%: growing)	+25.44% (above 0%: growing)	−21.15% (below 0%: shrinking)	39.27%	25.80%	Compare
AER Aercap Holdings N.V.	$22.5B	7.1×	8.6×	+14.86% (above 0%: growing)	−35.77% (below 0%: shrinking)	+28.45% (above 0%: growing)	100.00%	58.41%
UHAL U-Haul Holding Company	$10.1B	407×	74.7×	+3.16% (above 0%: growing)	−14.71% (below 0%: shrinking)	+71.17% (above 0%: growing)	33.35%	14.90%	Compare
R Ryder System, Inc.	$9.2B	19.4×	18.1×	+4.95% (above 0%: growing)	+8.31% (above 0%: growing)	+103.98% (above 0%: growing)	19.72%	7.56%	Compare
GATX GATX Corporation	$5.8B	16.4×	17.1×	+34.75% (above 0%: growing)	+37.68% (above 0%: growing)	+231.20% (above 0%: growing)	72.56%	27.65%	Compare
HRI Herc Holdings Inc.	$4.2B	82.7×	26.2×	+20.16% (above 0%: growing)	n/m	+100.00% (above 0%: growing)	51.41%	12.21%	Compare
CAR Avis Budget Group, Inc.	$3.9B	— (loss-making)	51.7×	−1.35% (below 0%: shrinking)	+900.00% (above 0%: growing)	−28.24% (below 0%: shrinking)	49.10%	14.81%	Compare
EQPT EquipmentShare.com Inc.	$3.7B	15.1×	38.5×	+102.37% (above 0%: growing)	n/m	−17.02% (below 0%: shrinking)	28.36%	6.49%	Compare
WSC WillScot Holdings Corporation	$3.0B	— (loss-making)	25.5×	+3.92% (above 0%: growing)	0.00%	−60.91% (below 0%: shrinking)	61.83%	19.19%	Compare
Median of peers	$5.0B	22.1×	25.9×	+8.40%	+16.88%	+27.08%	44.18%	14.86%

All 20 Rental & Leasing Services stocks →

Aercap Holdings N.V. (AER) key facts

Strength: Aercap Holdings N.V.’s revenue for fiscal 2025 (year ended December 2025) was $8.5 billion, up 6.50% from fiscal 2024.
Aercap Holdings N.V. (AER) is a Rental & Leasing Services company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, AER traded at $145.69, a market capitalization of $22.5 billion.
Aercap Holdings N.V. pays an annual dividend of $1.47 per share, a yield of 1.01%, with a payout ratio of 7.23%.
Return on equity was 21.1% and debt-to-equity 2.32.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 0.91 (distress zone) for fiscal 2025.