Friday 6 November 2026
Export ASLE’s income statement to Excel — free account
AerSale Corporation
ASLE Industrials Airports & Air Services
AerSale Corporation’s revenue for fiscal 2025 (year ended December 2025) was $335.3 million, down 2.83% from fiscal 2024.
- Revenue
- −33.9%
- EPS
- −166.7%
- Free cash flow
- −141.6%
- Total debt
- +23.7%
Quarter to June 2026, against a year earlier
4.87
0.10
−2.01%
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Target Price Range
Analyst price targets
Free accountTen 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 Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | 291 | 304 | 209 | 340 | 409 | 335 | 345 | 335 | 304 | +2.1% | 323 | 338 | 370 | +3.4% | |
| Gross margin, % | — | — | 24.82 | 27.96 | 25.27 | 35.07 | 37.06 | 27.63 | 30.12 | 31.55 | 28.86 | +6.7 pt | ||||||
| EBT | — | — | 23 | 20 | 10 | 48 | 58 | (8) | 8 | 11 | (5) | (10.8%) | ||||||
| EBT margin, % | — | — | 8.08 | 6.46 | 4.66 | 14.03 | 14.17 | (2.30) | 2.27 | 3.14 | (1.80) | (4.9) pt | ||||||
| Net income | — | 0 | 27 | 15 | 8 | 36 | 44 | (6) | 6 | 9 | (4) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | 7,857.62 | 8,221.65 | 202.70 | 7.88 | 7.92 | 6.52 | 6.50 | 6.93 | 6.41 | (63.4%) | |||||
| Earnings | — | — | (668.04) | (516.98) | 7.85 | 0.84 | 0.85 | (0.11) | 0.11 | 0.18 | (0.08) | n/m | ||||||
| Cash flow | — | — | 1,601.26 | 1,228.54 | (11.87) | 1.83 | 0.00 | (3.40) | 0.21 | (0.47) | (0.65) | n/m | ||||||
| Capex | — | — | 1,796.58 | (973.30) | (4.04) | 0.31 | 0.72 | 0.06 | (0.30) | (0.08) | (0.10) | n/m | ||||||
| Free cash flow | — | — | 3,397.84 | 255.24 | (15.91) | 2.14 | 0.72 | (3.33) | (0.09) | (0.55) | (0.75) | n/m | ||||||
| Book value | — | — | 0.66 | 7,945.55 | 340.95 | 9.47 | 8.63 | 8.68 | 8.58 | 8.77 | 8.84 | +44.6% | ||||||
| Shares, m | — | — | 0 | 0 | 1 | 43 | 52 | 51 | 53 | 48 | 48 | +178.7% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | 0.02 | 0.02 | 1.71 | 21.37 | 18.89 | 0.00 | 57.27 | 37.92 | 0.00 | 17.2 | |||||
| P/S | — | — | 0.00 | 0.00 | 0.07 | 2.25 | 2.03 | 1.91 | 0.97 | 1.03 | 0.76 | 1.0 | ||||||
| P/B | — | — | 9.19 | 0.00 | 0.04 | 1.87 | 1.86 | 1.44 | 0.73 | 0.81 | 0.55 | 2.0 | ||||||
| EV/Sales | — | — | 0.00 | 0.00 | (0.10) | 1.83 | 1.61 | 1.81 | 0.95 | 1.01 | 0.75 | 0.9 | ||||||
| EV/FCF | — | — | 0.00 | (0.28) | 1.24 | 6.76 | 17.75 | (3.55) | (66.30) | (12.66) | (6.40) | (7.1) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | 59 | 45 | (12) | 79 | 0 | (174) | 11 | (23) | (31) | n/m | |||||
| Capex | — | — | 66 | (36) | (4) | 13 | 37 | 3 | (16) | (4) | (5) | n/m | ||||||
| Free cash flow | — | — | 126 | 9 | (16) | 92 | 37 | (171) | (5) | (27) | (36) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | 0 | 101 | 147 | 204 | 281 | 219 | 209 | 197 | 206 | n/m | |||||
| Net debt | — | — | 0 | (13) | (34) | (142) | (170) | (33) | (7) | (4) | (3) | n/m | ||||||
| Shareholders’ equity | — | — | 0 | 294 | 351 | 409 | 445 | 445 | 456 | 424 | 419 | +303.2% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | (11,843.98) | (11.11) | 2.21 | 8.24 | 8.61 | (1.44) | 1.01 | 1.38 | (0.56) | +11,845.4 pt | |||||
| ROIC | — | — | 11,949.73 | 4.91 | 2.22 | 13.29 | 12.52 | (1.63) | 1.36 | 2.35 | 0.28 | (11,947.4) pt | ||||||
| ROE | — | — | (27.99) | (13.02) | 2.51 | 9.50 | 10.27 | (1.76) | 1.30 | 1.95 | (0.90) | +29.9 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | 470 | 509 | 606 | 707 | 636 | 704 | — | +8.4% | |||||
| Revenue/emp, $m | — | — | 0.00 | 0.00 | 0.44 | 0.67 | 0.67 | 0.47 | 0.54 | 0.48 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026
AerSale Corporation vs peers in Airports & Air 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 |
|---|---|---|---|---|---|---|---|---|---|
| PAC Grupo Aeroportuario Del Pacifico, S.A. de C.V. | $12.8B | 21.8× | 20.8× | +31.37% (above 0%: growing) | −0.70% (below 0%: shrinking) | +499.89% (above 0%: growing) | 76.68% | 43.26% | Compare |
| ASR Grupo Aeroportuario del Sureste, S.A. de C.V. | $7.3B | 14.3× | 13.3× | +23.19% (above 0%: growing) | +15.26% (above 0%: growing) | +36.64% (above 0%: growing) | 58.03% | 40.61% | Compare |
| JOBY Joby Aviation, Inc. | $5.3B | — (loss-making) | — (loss-making) | +144.04% (above 0%: growing) | n/m | −27.04% (below 0%: shrinking) | 29.17% | (504.81%) | Compare |
| OMAB Grupo Aeroportuario del Centro Norte S.A.B. de C.V. | $4.6B | 16.1× | — | +33.45% (above 0%: growing) | +9.69% (above 0%: growing) | +16.10% (above 0%: growing) | 71.16% | 53.40% | Compare |
| CAAP Corporacion America Airports S.A. | $4.0B | 13.9× | 11.8× | +12.00% (above 0%: growing) | +6.67% (above 0%: growing) | −11.94% (below 0%: shrinking) | 30.45% | 19.75% | Compare |
| ASLE AerSale Corporation | $230.0M | — (loss-making) | — (loss-making) | −33.94% (below 0%: shrinking) | n/m | −141.55% (below 0%: shrinking) | 22.94% | (6.70%) | |
| UP Wheels Up Experience Inc. | $103.8M | — (loss-making) | — | −11.16% (below 0%: shrinking) | n/m | +50.25% (above 0%: growing) | 16.89% | (30.53%) | Compare |
| VJET Flyte Aviation, Inc. | $1.2M | — (loss-making) | — (loss-making) | +380.66% (above 0%: growing) | n/m | −26.70% (below 0%: shrinking) | 9.62% | (388.13%) | Compare |
| Median of peers | $4.6B | 15.2× | 13.3× | +31.37% | +8.18% | +16.10% | 30.45% | 19.75% |
Pay and ownership Proxy statement filed 28 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 7.06m | 6.67m | 40.08 |
| 2024 | 5.39m | 2.83m | 35.51 |
| 2023 | 3.55m | (1.53m) | 71.56 |
| 2022 | 1.35m | (2.95m) | 91.43 |
Ownership
Directors and executive officers, together
20.10%
Nicolas Finazzo
10.70%
M3 Funds, LLC
8.50%
George P. Bauer Revocable Trust, dated
8.30%
AltraVue Capital, LLC
7.50%
Robert B. Nichols
7.40%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement