NASDAQ : ASLE
AerSale Corporation — Financial statements
Industrials · Airports & Air Services · United States
Last price 4.83 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 230.52M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
AerSale Corporation (ASLE) reported revenue of 303.67M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 303.67M | 335.29M | 345.07M | 334.50M | 408.54M | 340.44M |
| Cost of Revenue | 216.05M | 229.51M | 241.13M | 242.08M | 256.29M | 221.04M |
| Gross Profit | 87.63M | 105.77M | 103.94M | 92.42M | 152.25M | 119.39M |
| Selling, General & Admin | 85.79M | 89.98M | 94.19M | 103.19M | 96.35M | 77.50M |
| Operating Expenses | 85.79M | 89.98M | 94.19M | 103.19M | 96.35M | 77.50M |
| Operating Income | 1.84M | 15.79M | 9.74M | -10.77M | 55.90M | 41.89M |
| Interest Expense | -9.28M | -8.33M | -5.70M | -980.00K | ||
| Interest & Investment Income | 155.00K | 1.09M | ||||
| Other Non Operating Income (Expenses) | -720.00K | 367.00K | 3.80M | 2.94M | 43.00K | -2.49M |
| EBT Excluding Unusual Items | -8.16M | 7.83M | 7.84M | -7.68M | 57.04M | 38.43M |
| Gain (Loss) on Sale of Investments | -5.42M | |||||
| Asset Writedown | -857.00K | |||||
| Other Unusual Items | 14.77M | |||||
| Pretax Income | -5.46M | 10.53M | 7.84M | -7.68M | 57.88M | 47.77M |
| Income Tax Expense | -1.71M | 1.95M | 1.99M | -2.12M | 14.02M | 11.66M |
| Earnings From Continuing Operations | -3.74M | 8.57M | 5.85M | -5.56M | 43.86M | 36.12M |
| Net Income to Company | -3.74M | 8.57M | 5.85M | -5.56M | 43.86M | 36.12M |
| Net Income | -3.74M | 8.57M | 5.85M | -5.56M | 43.86M | 36.12M |
| Net Income to Common | -3.74M | 8.57M | 5.85M | -5.56M | 43.86M | 36.12M |
| Shares Outstanding (Basic) | 47.23M | 48.38M | 53.11M | 51.29M | 51.57M | 43.19M |
| Shares Outstanding (Diluted) | 47.23M | 48.75M | 53.36M | 51.46M | 53.15M | 47.31M |
| EPS (Basic) | -0.08 | 0.18 | 0.11 | -0.11 | 0.85 | 0.84 |
| EPS (Diluted) | -0.08 | 0.18 | 0.11 | -0.15 | 0.83 | 0.76 |
| Free Cash Flow | -40.18M | -33.21M | -17.85M | -185.51M | -15.71M | 75.19M |
| Free Cash Flow Per Share | -0.85 | -0.68 | -0.33 | -3.60 | -0.30 | 1.59 |
| Gross Margin | 28.86% | 31.55% | 30.12% | 27.63% | 37.27% | 35.07% |
| Operating Margin | 0.61% | 4.71% | 2.82% | -3.22% | 13.68% | 12.31% |
| Profit Margin | -1.23% | 2.56% | 1.70% | -1.66% | 10.74% | 10.61% |
| Free Cash Flow Margin | -13.23% | -9.90% | -5.17% | -55.46% | -3.84% | 22.09% |
| EBITDA | 23.48M | 35.12M | 25.79M | -311.00K | 66.89M | 54.89M |
| EBITDA Margin | 7.73% | 10.48% | 7.47% | -0.09% | 16.37% | 16.12% |
| D&A For EBITDA | 21.64M | 19.33M | 16.05M | 10.46M | 10.98M | 13.00M |
| EBIT | 1.84M | 15.79M | 9.74M | -10.77M | 55.90M | 41.89M |
| EBIT Margin | 0.61% | 4.71% | 2.82% | -3.22% | 13.68% | 12.31% |
| Effective Tax Rate | 18.54% | 25.34% | 24.22% | 24.40% | ||
| Revenue as Reported | 303.67M | 335.29M | 345.07M | 334.50M | 408.54M | 340.44M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.20M | 4.38M | 4.70M | 5.87M | 147.19M | 130.19M |
| Short-Term Investments | 8.17M | 5.09M | 4.89M | 6.03M | 5.75M | 2.72M |
| Cash & Short-Term Investments | 10.37M | 9.47M | 9.59M | 11.91M | 152.93M | 132.91M |
| Accounts Receivable | 51.37M | 46.73M | 40.81M | 37.71M | 35.55M | 42.57M |
| Other Receivables | 1.13M | 1.73M | 1.99M | 1.63M | ||
| Receivables | 52.49M | 48.46M | 42.81M | 39.34M | 35.55M | 42.57M |
| Inventory | 227.18M | 205.38M | 224.83M | 177.77M | 117.49M | 81.76M |
| Other Current Assets | 6.37M | 5.68M | 6.80M | 35.76M | 27.59M | 14.29M |
| Total Current Assets | 296.41M | 268.99M | 284.03M | 264.77M | 333.56M | 271.53M |
| Property, Plant & Equipment | 192.07M | 164.50M | 137.28M | 81.69M | 75.55M | 80.71M |
| Goodwill | 19.86M | 19.86M | 19.86M | 19.86M | 19.86M | 19.86M |
| Other Intangible Assets | 17.27M | 18.35M | 20.53M | 21.99M | 24.11M | 26.24M |
| Long-Term Deferred Tax Assets | 11.18M | 8.78M | 10.17M | 12.20M | 11.29M | 10.01M |
| Long-Term Deferred Charges | 825.00K | 1.02M | 1.30M | 1.51M | 544.00K | 999.00K |
| Other Long-Term Assets | 149.45M | 158.97M | 131.55M | 151.92M | 66.67M | 78.13M |
| Total Assets | 687.06M | 640.47M | 604.72M | 553.94M | 531.58M | 487.49M |
| Accounts Payable | 44.72M | 29.64M | 34.18M | 29.90M | 21.13M | 19.97M |
| Accrued Expenses | 9.46M | 7.23M | 7.40M | 5.48M | 8.84M | 8.42M |
| Current Portion of Long-Term Debt | 993.00K | 993.00K | 605.00K | 1.28M | ||
| Current Portion of Leases | 3.83M | 4.31M | 4.36M | 4.59M | 4.43M | |
| Current Income Taxes Payable | 203.00K | 329.00K | 3.44M | |||
| Current Unearned Revenue | 817.00K | 530.00K | 1.78M | 3.00M | 1.35M | 2.86M |
| Other Current Liabilities | 30.64M | 29.39M | 26.64M | 1.47M | 17.09M | 33.21M |
| Total Current Liabilities | 90.66M | 72.43M | 74.97M | 45.71M | 52.84M | 67.91M |
| Long-Term Debt | 146.94M | 111.34M | 40.44M | 36.28M | ||
| Long-Term Leases | 26.09M | 28.19M | 30.57M | 24.38M | 28.28M | |
| Long-Term Deferred Tax Liabilities | 1.11M | |||||
| Other Long-Term Liabilities | 4.70M | 4.08M | 3.12M | 2.55M | 5.48M | 9.59M |
| Total Liabilities | 268.39M | 216.04M | 149.10M | 108.92M | 86.60M | 78.61M |
| Common Stock | 5.00K | 5.00K | 5.00K | 5.00K | 5.00K | 5.00K |
| Additional Paid-In Capital | 279.99M | 276.73M | 316.49M | 311.74M | 306.14M | 313.90M |
| Retained Earnings | 138.68M | 147.70M | 139.12M | 133.27M | 138.83M | 94.97M |
| Total Common Equity | 418.67M | 424.43M | 455.62M | 445.01M | 444.98M | 408.88M |
| Shareholders' Equity | 418.67M | 424.43M | 455.62M | 445.01M | 444.98M | 408.88M |
| Total Liabilities & Equity | 687.06M | 640.47M | 604.72M | 553.94M | 531.58M | 487.49M |
| Total Debt | 177.85M | 144.83M | 75.97M | 66.53M | 32.71M | |
| Net Cash (Debt) | -167.48M | -135.36M | -66.38M | -54.62M | 120.22M | 132.91M |
| Net Cash Per Share | -3.55 | -2.78 | -1.24 | -1.06 | 2.26 | 2.81 |
| Filing Date Shares Outstanding | 47.73M | 47.24M | 53.28M | 51.99M | 51.21M | 51.69M |
| Total Common Shares Outstanding | 47.68M | 47.22M | 53.25M | 52.95M | 51.19M | 51.67M |
| Working Capital | 205.75M | 196.56M | 209.06M | 219.06M | 280.72M | 203.62M |
| Book Value Per Share | 8.78 | 8.99 | 8.56 | 8.40 | 8.69 | 7.91 |
| Tangible Book Value | 381.54M | 386.22M | 415.23M | 403.17M | 401.01M | 362.78M |
| Tangible Book Value Per Share | 8.00 | 8.18 | 7.80 | 7.61 | 7.83 | 7.02 |
| Machinery | 35.45M | 33.56M | 39.85M | 35.88M | 24.74M | 21.46M |
| Leasehold Improvements | 27.82M | 28.01M | 25.53M | 16.27M | 7.39M | 3.63M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -3.74M | 8.57M | 5.85M | -5.56M | 43.86M | 36.12M |
| Depreciation & Amortization | 22.11M | 19.89M | 16.41M | 10.82M | 11.86M | 13.00M |
| Other Amortization | 400.00K | 392.00K | 337.00K | 400.00K | 455.00K | 494.00K |
| Asset Writedown & Restructuring Costs | 857.00K | |||||
| Loss (Gain) From Sale of Investments | 5.42M | |||||
| Stock-Based Compensation | 6.18M | 4.89M | 4.35M | 12.05M | 16.50M | 12.72M |
| Provision & Write-off of Bad Debts | 195.00K | -395.00K | 212.00K | |||
| Other Operating Activities | 3.30M | 4.78M | 3.43M | -1.68M | -1.18M | 6.70M |
| Change in Accounts Receivable | -1.86M | -8.01M | -3.60M | -2.97M | -1.03M | -3.34M |
| Change in Inventory | -63.99M | -54.80M | -78.03M | -168.63M | -37.64M | -35.67M |
| Change in Accounts Payable | 9.71M | -4.54M | 4.29M | 8.77M | 1.16M | 3.60M |
| Change in Unearned Revenue | -813.00K | -1.25M | -1.22M | 1.64M | -1.50M | 265.00K |
| Change in Income Taxes | 1.06M | 595.00K | -366.00K | -1.63M | -3.44M | 2.16M |
| Change in Other Net Operating Assets | -3.37M | 6.51M | 59.54M | -27.36M | -29.61M | 37.41M |
| Operating Cash Flow | -31.01M | -22.97M | 11.18M | -174.15M | -113.00K | 79.08M |
| Capital Expenditures | -9.17M | -10.24M | -29.03M | -11.36M | -15.60M | -3.89M |
| Sale of Property, Plant & Equipment | 4.63M | 6.38M | 12.90M | 14.45M | 52.77M | 17.09M |
| Other Investing Activities | 4.20M | |||||
| Investing Cash Flow | -4.54M | -3.86M | -16.13M | 3.09M | 41.37M | 13.20M |
| Long-Term Debt Issued | 306.59M | 195.07M | 91.26M | |||
| Total Debt Issued | 236.30M | 306.59M | 195.07M | 91.26M | ||
| Long-Term Debt Repaid | -235.31M | -191.58M | -53.70M | |||
| Total Debt Repaid | -204.60M | -235.31M | -191.58M | -53.70M | ||
| Net Debt Issued (Repaid) | 31.69M | 71.28M | 3.49M | 37.56M | ||
| Issuance of Common Stock | 328.00K | 386.00K | 531.00K | 566.00K | 538.00K | 9.28M |
| Repurchase of Common Stock | -8.00K | -45.04M | -124.00K | -7.02M | -24.80M | -694.00K |
| Other Financing Activities | -6.00K | -120.00K | -126.00K | -1.36M | ||
| Financing Cash Flow | 32.01M | 26.51M | 3.77M | 29.74M | -24.26M | 8.59M |
| Net Cash Flow | -3.55M | -319.00K | -1.18M | -141.31M | 17.00M | 100.87M |
| Free Cash Flow | -40.18M | -33.21M | -17.85M | -185.51M | -15.71M | 75.19M |
| Free Cash Flow Margin | -13.23% | -9.90% | -5.17% | -55.46% | -3.84% | 22.09% |
| Free Cash Flow Per Share | -0.85 | -0.68 | -0.33 | -3.60 | -0.30 | 1.59 |
| Levered Free Cash Flow | 50.01M | 31.63M | 3.19M | -75.64M | -13.34M | 87.59M |
| Unlevered Free Cash Flow | 55.41M | 36.45M | 6.41M | -76.04M | -13.80M | 87.71M |
| Cash Interest Paid | 9.07M | 8.03M | 5.65M | 1.52M | 573.00K | 595.00K |
| Cash Income Tax Paid | -468.00K | -13.00K | 1.16M | 21.49M | 8.34M | |
| Change in Working Capital | -59.26M | -61.49M | -19.39M | -190.18M | -72.06M | 4.42M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 230.52M | 335.49M | 335.23M | 651.62M | 815.46M | 798.03M |
| Enterprise Value | 398.00M | 481.42M | 418.16M | 695.44M | 660.61M | 731.61M |
| Last Close Price | 4.83 | 7.11 | 6.30 | 12.70 | 16.22 | 17.74 |
| PE Ratio | 39.12 | 57.29 | 18.59 | 22.10 | ||
| Forward PE | 17.56 | 11.75 | 13.08 | 12.29 | 14.55 | 26.88 |
| PS Ratio | 0.76 | 1.00 | 0.97 | 1.95 | 2.00 | 2.34 |
| PB Ratio | 0.55 | 0.79 | 0.74 | 1.46 | 1.83 | 1.95 |
| P/TBV Ratio | 0.60 | 0.87 | 0.81 | 1.62 | 2.03 | 2.20 |
| P/FCF Ratio | 10.61 | |||||
| P/OCF Ratio | 29.97 | 10.09 | ||||
| EV/Sales Ratio | 1.31 | 1.44 | 1.21 | 2.08 | 1.62 | 2.15 |
| EV/EBITDA Ratio | 16.95 | 13.71 | 16.21 | 9.88 | 13.33 | |
| EV/EBIT Ratio | 216.19 | 30.49 | 42.91 | 11.82 | 17.46 | |
| EV/FCF Ratio | 9.73 | |||||
| Debt / Equity Ratio | 0.42 | 0.34 | 0.17 | 0.15 | 0.07 | |
| Debt / EBITDA Ratio | 5.57 | 3.32 | 2.20 | 8.90 | 0.45 | |
| Net Debt / Equity Ratio | 0.40 | 0.32 | 0.15 | 0.12 | -0.27 | -0.33 |
| Net Debt / EBITDA Ratio | 7.13 | 3.85 | 2.57 | -175.64 | -1.80 | -2.42 |
| Net Debt / FCF Ratio | -4.17 | -4.08 | -3.72 | -0.29 | 7.65 | -1.77 |
| Asset Turnover | 0.46 | 0.54 | 0.60 | 0.62 | 0.80 | 0.78 |
| Inventory Turnover | 0.89 | 1.07 | 1.20 | 1.64 | 2.57 | 2.65 |
| Quick Ratio | 0.69 | 0.80 | 0.70 | 1.12 | 3.57 | 2.58 |
| Current Ratio | 3.27 | 3.71 | 3.79 | 5.79 | 6.31 | 4.00 |
| Return on Equity (ROE) | -0.90% | 1.95% | 1.30% | -1.25% | 10.27% | 9.50% |
| Return on Assets (ROA) | 0.17% | 1.58% | 1.05% | -1.24% | 6.86% | 5.97% |
| Return on Invested Capital (ROIC) | 0.31% | 2.38% | 1.42% | -2.61% | 14.10% | 10.73% |
| Return on Capital Employed (ROCE) | 0.30% | 2.80% | 1.80% | -2.10% | 11.70% | 10.00% |
| Earnings Yield | -1.64% | 2.56% | 1.75% | -0.85% | 5.38% | 4.53% |
| FCF Yield | -17.43% | -9.90% | -5.32% | -28.47% | -1.93% | 9.42% |
| Buyback Yield / Dilution | 8.64% | 8.63% | -3.69% | 3.18% | -12.34% | -4,219.76% |