AerCap Holdings N.V.(AER)Earnings, Financials & Key Ratios
AER•NYSE
$144.62
$24.13B mkt cap·6.8× P/E·Price updated May 6, 2026
AboutAerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews. Its aircraft asset management services also include periodically inspecting the leased aircraft; coordinating technical modifications to aircraft to meet new lessee requirements; conducting restructuring negotiations in connection with lease defaults; repossessing aircraft and engines; arranging and monitoring insurance coverage; registering and de-registering aircraft; arranging for aircraft and engine valuations; and providing market research services. The company also provides cash management services, including treasury services, such as the financing, refinancing, hedging, and ongoing cash management of vehicles; and administrative services comprising accounting and corporate secretarial services consisting of the preparation of budgets and financial statements. In addition, it offers airframe and engine parts and supply chain solutions to airlines; maintenance, repair, and overhaul service providers; and aircraft parts distributors. As of December 31, 2021, the company had a portfolio of 2,369 owned, managed, or on order aircraft. AerCap Holdings N.V. was founded in 1995 and is headquartered in Dublin, Ireland.Show more
- Revenue$8.19B+2.4%
- EBITDA$6.89B+66.2%
- Net Income$3.75B+78.7%
- EPS (Diluted)21.30+97.4%
- Gross Margin59.77%+3.8%
- EBITDA Margin84.19%+62.3%
- Operating Margin51.87%+0.7%
- Net Margin45.8%+74.5%
- ROE21.13%+70.0%
- ROIC5.23%+4.1%
- Debt/Equity2.38-9.9%
- Interest Coverage3.06+53.8%
AER Key Insights
AerCap Holdings N.V. (AER) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 8/9
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 12.8%
- ✓Good 3Y average ROE of 17.6%
- ✓Share count reduced 9.4% through buybacks
- ✓Healthy 5Y average net margin of 25.0%
✗Weaknesses
- ✗High debt to equity ratio of 2.4x
- ✗Negative free cash flow
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
AER Price & Volume
AerCap Holdings N.V. (AER) stock price & volume — 10-year historical chart
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AER Growth Metrics
AerCap Holdings N.V. (AER) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years4.47%
5 Years12.75%
3 Years5.3%
TTM0.67%
Profit CAGR
10 Years12.27%
5 Years-
3 Years-
TTM83.69%
EPS CAGR
10 Years14.05%
5 Years-
3 Years-
TTM103.21%
Return on Capital
10 Years5.55%
5 Years5.3%
3 Years5.93%
Last Year6.25%
AER Recent Earnings
AerCap Holdings N.V. (AER) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
Apr 29, 2026EPS
$5.39
Est $3.59
+50.1%
Revenue
$2.2B
Est $2.1B
+8.2%
Q1 2026
Feb 6, 2026EPS
$3.95
Est $3.40
+16.2%
Revenue
$2.2B
Est $2.1B
+6.4%
Q4 2025
Oct 29, 2025EPS
$4.97
Est $3.10
+60.3%
Revenue
$1.9B
Est $2.0B
-4.4%
Q3 2025
Jul 30, 2025EPS
$2.83
Est $2.68
+5.6%
Revenue
$1.9B
Est $2.0B
-6.3%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $5.39vs $3.59+50.1% | $2.2Bvs $2.1B+8.2% |
| Q1 2026 | Feb 6, 2026 | $3.95vs $3.40+16.2% | $2.2Bvs $2.1B+6.4% |
| Q4 2025 | Oct 29, 2025 | $4.97vs $3.10+60.3% | $1.9Bvs $2.0B-4.4% |
| Q3 2025 | Jul 30, 2025 | $2.83vs $2.68+5.6% | $1.9Bvs $2.0B-6.3% |
Based on last 12 quarters of dataView full earnings history →
AER Peer Comparison
AerCap Holdings N.V. (AER) competitors in Aviation leasing (aircraft and engines) — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 AL | 7.26B | 65.00 | 7.00 | 10.32% | 36.09% | 13.23% | 2.33 | |
 FLY | 5.05B | 31.52 | -6.53 | 162.95% | -181.09% | -57.58% | 0.26 | |
 FTAI | 25.07B | 244.37 | 53.12 | 43.24% | 18.92% | 181.39% | 10.32 | |
 GATX | 6.96B | 195.14 | 25.08 | 12.38% | 18.35% | 11.5% | 3.45 | |
 WLFC | 1.74B | 229.09 | 14.89 | 18.73% | 15.91% | 16.75% | 3.74 | |
 AVAV | 8.32B | 166.69 | 107.54 | 14.5% | -13.93% | -6.41% | 0.07 | |
 TDG | 67.28B | 1191.33 | 37.14 | 11.22% | 21.59% | 2.7% | ||
 HEI | 23.35B | 277.33 | 56.60 | 16.26% | 15.38% | 12.93% | 3.69% | 0.50 |
Compare AER vs Peers
AerCap Holdings N.V. (AER) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AER Income Statement
AerCap Holdings N.V. (AER) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 5.04B | 4.8B | 4.94B | 4.49B | 4.59B | 7.01B | 7.58B | 8B | 8.19B | 8.11B |
| Revenue Growth % | -0.11% | -4.71% | 2.86% | -8.99% | 2.12% | 52.84% | 8.08% | 5.49% | 2.4% | 0.67% |
| Cost of Goods Sold | 2.27B | 2.13B | 1.96B | 1.97B | 2.06B | 3.21B | 3.24B | 3.39B | 3.29B | 3.82B |
| COGS % of Revenue | 44.96% | 44.28% | 39.78% | 43.82% | 44.82% | 45.82% | 42.7% | 42.4% | 40.23% | - |
| Gross Profit | 2.77B▲ 0% | 2.67B▼ 3.5% | 2.97B▲ 11.2% | 2.52B▼ 15.1% | 2.53B▲ 0.3% | 3.8B▲ 50.1% | 4.34B▲ 14.3% | 4.61B▲ 6.1% | 4.89B▲ 6.3% | 4.29B▲ 0% |
| Gross Margin % | 55.04% | 55.72% | 60.22% | 56.18% | 55.18% | 54.18% | 57.3% | 57.6% | 59.77% | 52.87% |
| Gross Profit Growth % | 3.87% | -3.54% | 11.17% | -15.09% | 0.29% | 50.09% | 14.3% | 6.05% | 6.25% | - |
| Operating Expenses | 348.29M | 305.23M | 267.46M | 242.16M | 317.89M | 399.53M | 464.13M | 488.92M | 646.77M | 618.5M |
| OpEx % of Revenue | 6.91% | 6.36% | 5.42% | 5.39% | 6.93% | 5.7% | 6.12% | 6.11% | 7.9% | - |
| Selling, General & Admin | 348.29M | 305.23M | 267.46M | 242.16M | 317.89M | 399.53M | 464.13M | 488.92M | 545.93M | 559.12M |
| SG&A % of Revenue | 6.91% | 6.36% | 5.42% | 5.39% | 6.93% | 5.7% | 6.12% | 6.11% | 6.67% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100.84M | 2M |
| Operating Income | 2.42B▲ 0% | 2.37B▼ 2.3% | 2.71B▲ 14.2% | 2.28B▼ 15.6% | 2.21B▼ 3.0% | 3.4B▲ 53.6% | 3.88B▲ 14.1% | 4.12B▲ 6.1% | 4.25B▲ 3.2% | 3.67B▲ 0% |
| Operating Margin % | 48.12% | 49.36% | 54.8% | 50.8% | 48.25% | 48.49% | 51.17% | 51.49% | 51.87% | 45.24% |
| Operating Income Growth % | 4.57% | -2.27% | 14.21% | -15.64% | -3% | 53.59% | 14.08% | 6.14% | 3.16% | - |
| EBITDA | 2.45B | 2.39B | 2.73B | 3.93B | 3.95B | 5.79B | 3.91B | 4.15B | 6.89B | 5.66B |
| EBITDA Margin % | 48.54% | 49.8% | 55.23% | 87.41% | 86.12% | 82.56% | 51.62% | 51.89% | 84.19% | 69.77% |
| EBITDA Growth % | 4.06% | -2.25% | 14.08% | 44.04% | 0.61% | 46.52% | -32.42% | 6.03% | 66.17% | 32.94% |
| D&A (Non-Cash Add-back) | 21.2M | 21.2M | 21.2M | 1.65B | 1.74B | 2.39B | 33.83M | 31.82M | 2.65B | 1.99B |
| EBIT | 2.42B | 2.37B | 2.71B | 2.28B | 2.21B | 3.4B | 3.88B | 4.12B | 6.07B | 4.72B |
| Net Interest Income | -1.11B | -1.17B | -1.3B | -1.25B | -1.23B | -1.68B | -1.87B | -2.07B | -1.98B | -1.88B |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 69.96M |
| Interest Expense | 1.11B | 1.17B | 1.3B | 1.25B | 1.23B | 1.68B | 1.87B | 2.07B | 1.98B | 1.95B |
| Other Income/Expense | -1.18B | -1.21B | -1.37B | -2.59B | -1.04B | -4.29B | -440.37M | -1.7B | 58.42M | 840.15M |
| Pretax Income | 1.25B▲ 0% | 1.16B▼ 6.7% | 1.33B▲ 14.9% | -312.15M▼ 123.4% | 1.17B▲ 475.4% | -885.25M▼ 175.5% | 3.44B▲ 488.5% | 2.42B▼ 29.6% | 4.31B▲ 77.8% | 4.51B▲ 0% |
| Pretax Margin % | 24.72% | 24.2% | 27.03% | -6.95% | 25.54% | -12.62% | 45.37% | 30.29% | 52.58% | 55.6% |
| Income Tax | 164.72M | 144.08M | 167.71M | -17.23M | 162.54M | -164.1M | 291.06M | 323.7M | 555.25M | 582.89M |
| Effective Tax Rate % | 13.23% | 12.4% | 12.57% | 5.52% | 13.87% | 18.54% | 8.46% | 13.36% | 12.9% | 12.93% |
| Net Income | 1.08B▲ 0% | 1.02B▼ 5.6% | 1.15B▲ 12.8% | -298.57M▼ 126.1% | 1B▲ 435.1% | -726.04M▼ 172.6% | 3.14B▲ 531.9% | 2.1B▼ 33.1% | 3.75B▲ 78.7% | 3.93B▲ 0% |
| Net Margin % | 21.36% | 21.16% | 23.2% | -6.64% | 21.8% | -10.35% | 41.37% | 26.24% | 45.8% | 48.41% |
| Net Income Growth % | 2.82% | -5.62% | 12.81% | -126.06% | 435.1% | -172.57% | 531.94% | -33.08% | 78.72% | 83.69% |
| Net Income (Continuing) | 1.08B | 1.02B | 1.17B | -294.92M | 1.01B | -721.16M | 3.15B | 2.1B | 3.75B | 3.93B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 59.1M | 52.57M | 67.31M | 68.02M | 76.62M | 77.54M | 216K | 209K | 211K | 209K |
| EPS (Diluted) | 6.43▲ 0% | 6.83▲ 6.2% | 8.43▲ 23.4% | -2.33▼ 127.6% | 6.71▲ 388.0% | -3.02▼ 145.0% | 13.78▲ 556.3% | 10.79▼ 21.7% | 21.30▲ 97.4% | 23.81▲ 0% |
| EPS Growth % | 16.49% | 6.22% | 23.43% | -127.64% | 387.98% | -145.01% | 556.29% | -21.7% | 97.41% | 103.21% |
| EPS (Basic) | 6.68 | 7.00 | 8.51 | -2.33 | 6.83 | -3.02 | 13.99 | 11.06 | 21.78 | - |
| Diluted Shares Outstanding | 167.29M | 148.71M | 135.9M | 127.74M | 149.01M | 240.49M | 227.66M | 194.49M | 176.12M | 164.9M |
| Basic Shares Outstanding | 161.06M | 145.16M | 134.57M | 127.74M | 146.42M | 240.49M | 224.22M | 189.83M | 172.18M | 161.63M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | 6.67% | 5.13% | - |
AER Balance Sheet
AerCap Holdings N.V. (AER) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 4.24B | 3.03B | 3.24B | 3.37B | 6.36B | 5.61B | 6.04B | 5.41B | 3.34B | 3.42B |
| Cash & Short-Term Investments | 1.66B | 1.2B | 1.12B | 1.25B | 1.73B | 1.6B | 1.63B | 1.21B | 1.48B | 1.58B |
| Cash Only | 1.66B | 1.2B | 1.12B | 1.25B | 1.73B | 1.6B | 1.63B | 1.21B | 1.48B | 1.58B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.55B | 1.4B | 1.6B | 1.88B | 4.09B | 3.5B | 3.83B | 3.45B | 1.86B | 1.84B |
| Days Sales Outstanding | 112.35 | 106.67 | 118.6 | 152.41 | 325.61 | 182.29 | 184.52 | 157.46 | 82.73 | 88.4 |
| Inventory | 38.97M | 30.97M | 3.16M | 0 | 48.58M | 55.87M | 85.67M | 90.92M | 0 | 0 |
| Days Inventory Outstanding | 6.28 | 5.32 | 0.59 | - | 8.62 | 6.35 | 9.66 | 9.79 | - | 2.77 |
| Other Current Assets | -1.94B | -2.63B | -2.44B | -1.87B | 490.32M | 452.43M | 494.98M | 658.53M | 0 | 0 |
| Total Non-Current Assets | 37.8B | 40.18B | 40.51B | 38.68B | 68.21B | 64.12B | 65.23B | 66.03B | 68.34B | 68B |
| Property, Plant & Equipment | 35.36B | 38.11B | 38.89B | 37.33B | 62.51B | 59.11B | 60.72B | 62.08B | 62.07B | 61.95B |
| Fixed Asset Turnover | 0.14x | 0.13x | 0.13x | 0.12x | 0.07x | 0.12x | 0.12x | 0.13x | 0.13x | 0.13x |
| Goodwill | 58.09M | 58.09M | 58.09M | 0 | 0 | 0 | 0 | 0 | 1.8B | 1.7B |
| Intangible Assets | 1.8B | 1.38B | 1.06B | 874.55M | 4.65B | 3.55B | 2.89B | 2.27B | 0 | 0 |
| Long-Term Investments | 122.93M | 132.11M | 123.28M | 138.06M | 750.34M | 873.74M | 1.06B | 1.21B | 1.32B | 6.85B |
| Other Non-Current Assets | 305.82M | 357.88M | 277.66M | 201.05M | 175.33M | 375.68M | 282.67M | 215.43M | 2.98B | 9.59B |
| Total Assets | 42.04B▲ 0% | 43.21B▲ 2.8% | 43.75B▲ 1.3% | 42.05B▼ 3.9% | 74.57B▲ 77.3% | 69.73B▼ 6.5% | 71.27B▲ 2.2% | 71.44B▲ 0.2% | 71.67B▲ 0.3% | 71.42B▲ 0% |
| Asset Turnover | 0.12x | 0.11x | 0.11x | 0.11x | 0.06x | 0.10x | 0.11x | 0.11x | 0.11x | 0.11x |
| Asset Growth % | 1.01% | 2.78% | 1.25% | -3.89% | 77.34% | -6.49% | 2.22% | 0.23% | 0.32% | -0.24% |
| Total Current Liabilities | 1.02B | 980.62M | 884.41M | 892.6M | 1.71B | 1.36B | 1.62B | 1.7B | 5.43B | 5.45B |
| Accounts Payable | 562.26M | 559.08M | 494.45M | 492.78M | 1.2B | 812.08M | 792.61M | 873.77M | 1.9B | 1.82B |
| Days Payables Outstanding | 90.6 | 96.01 | 91.89 | 91.35 | 213.4 | 92.24 | 89.37 | 94.07 | 210.2 | 122.49 |
| Short-Term Debt | 0 | 29.32M | 1B | 0 | 71.2M | 0 | 80.84M | 15.44M | 0 | 0 |
| Deferred Revenue (Current) | 452.85M | 421.54M | 389.96M | 399.82M | 510.71M | 547.66M | 827.52M | 829.84M | 0 | 845.37M |
| Other Current Liabilities | -2.46B | -2.27B | -3.19B | -1.8B | -3.15B | -2.5B | -3.29B | -3.75B | 3.53B | 3.63B |
| Current Ratio | 4.18x | 3.09x | 3.66x | 3.78x | 3.71x | 4.12x | 3.73x | 3.17x | 0.61x | 0.61x |
| Quick Ratio | 4.14x | 3.06x | 3.66x | 3.78x | 3.68x | 4.08x | 3.68x | 3.12x | 0.61x | 0.61x |
| Cash Conversion Cycle | 28.03 | 15.98 | 27.3 | - | 120.84 | 96.39 | 104.81 | 73.18 | - | -31.31 |
| Total Non-Current Liabilities | 32.39B | 33.35B | 33.48B | 32.22B | 56.21B | 52.17B | 53.07B | 52.55B | 47.92B | 47.58B |
| Long-Term Debt | 28.42B | 29.51B | 29.49B | 28.74B | 50.2B | 46.53B | 46.48B | 45.29B | 43.57B | 43.04B |
| Capital Lease Obligations | 0 | 0 | 51.14M | 49.42M | 173.59M | 135.22M | 92.08M | 55.78M | 0 | 100.03M |
| Deferred Tax Liabilities | 673.95M | 804.6M | 910.34M | 913.43M | 2.09B | 2.19B | 2.53B | 2.77B | 3.17B | 12.7B |
| Other Non-Current Liabilities | 2.84B | 2.61B | 2.65B | 2.12B | 3.75B | 3.31B | 3.96B | 4.44B | 1.19B | 8.43B |
| Total Liabilities | 33.4B | 34.33B | 34.37B | 33.12B | 57.92B | 53.53B | 54.69B | 54.26B | 53.35B | 53.02B |
| Total Debt | 28.42B | 29.51B | 30.54B | 28.84B | 50.55B | 46.67B | 46.58B | 45.35B | 43.57B | 43.04B |
| Net Debt | 26.76B | 28.3B | 29.42B | 27.59B | 48.82B | 45.07B | 44.95B | 44.14B | 42.09B | 41.46B |
| Debt / Equity | 3.29x | 3.32x | 3.25x | 3.23x | 3.04x | 2.88x | 2.81x | 2.64x | 2.38x | 2.38x |
| Debt / EBITDA | 11.62x | 12.34x | 11.20x | 7.34x | 12.79x | 8.06x | 11.90x | 10.93x | 6.32x | 7.61x |
| Net Debt / EBITDA | 10.94x | 11.84x | 10.79x | 7.02x | 12.35x | 7.78x | 11.49x | 10.64x | 6.10x | 6.10x |
| Interest Coverage | 2.18x | 2.02x | 2.09x | 1.83x | 1.80x | 2.03x | 2.08x | 1.99x | 3.06x | 2.42x |
| Total Equity | 8.64B▲ 0% | 8.88B▲ 2.8% | 9.38B▲ 5.6% | 8.93B▼ 4.8% | 16.65B▲ 86.4% | 16.2B▼ 2.7% | 16.59B▲ 2.4% | 17.18B▲ 3.6% | 18.32B▲ 6.6% | 18.4B▲ 0% |
| Equity Growth % | 0.66% | 2.8% | 5.65% | -4.79% | 86.37% | -2.72% | 2.43% | 3.59% | 6.63% | 27.45% |
| Book Value per Share | 51.64 | 59.72 | 69.04 | 69.92 | 111.72 | 67.34 | 72.87 | 88.36 | 104.04 | 111.57 |
| Total Shareholders' Equity | 8.58B | 8.83B | 9.31B | 8.86B | 16.57B | 16.12B | 16.59B | 17.18B | 18.32B | 18.4B |
| Common Stock | 2.06M | 1.87M | 1.75M | 1.72M | 3.02M | 3.02M | 2.68M | 2.56M | 2.27M | 2.21M |
| Retained Earnings | 5.58B | 6.59B | 7.73B | 7.4B | 8.41B | 7.67B | 10.8B | 12.76B | 16.32B | 17.07B |
| Treasury Stock | -731.44M | -476.08M | -537.34M | -459.99M | -285.9M | -254.7M | -819.3M | -1.43B | -1.47B | -1.59B |
| Accumulated OCI | 14.27M | -1.82M | -93.59M | -155.09M | -79.33M | 108.23M | 8.3M | 42.68M | -50.21M | -17.56M |
| Minority Interest | 59.1M | 52.57M | 67.31M | 68.02M | 76.62M | 77.54M | 216K | 209K | 211K | 209K |
AER Cash Flow Statement
AerCap Holdings N.V. (AER) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 3.14B | 2.84B | 3.11B | 2.13B | 3.69B | 5.17B | 5.26B | 5.44B | 5.39B | 5.39B |
| Operating CF Margin % | 62.34% | 59.17% | 62.9% | 47.41% | 80.49% | 73.73% | 69.41% | 67.99% | 65.86% | - |
| Operating CF Growth % | -7.13% | -9.55% | 9.34% | -31.4% | 73.39% | 39.99% | 1.75% | 3.33% | -0.8% | 11.59% |
| Net Income | 1.08B | 1.02B | 1.15B | -294.92M | 1.01B | -721.16M | 3.14B | 2.1B | 3.75B | 3.93B |
| Depreciation & Amortization | 1.73B | 1.68B | 1.68B | 1.65B | 1.74B | 2.39B | 2.48B | 2.58B | 2.65B | 2.63B |
| Stock-Based Compensation | 107.72M | 95.18M | 69.41M | 69.19M | 96.09M | 102.85M | 97.06M | 111.14M | 0 | 103.23M |
| Deferred Taxes | 157.02M | 147.59M | 162.5M | -20.88M | -5.91M | -9.59M | 280.07M | 250.5M | 501.5M | 530.28M |
| Other Non-Cash Items | 3.11M | -103.74M | 134.32M | 1.39B | 381.04M | 3.8B | -881.11M | 147.8M | -1.85B | -1.92B |
| Working Capital Changes | 64.72M | 4.78M | -82.37M | -654.68M | 475.24M | -389.48M | 148.74M | 248.54M | 343.73M | 289.55M |
| Change in Receivables | -10.57M | 19.84M | -8.75M | -128.19M | 232.12M | 39.16M | 56.44M | 5.85M | 19.54M | 1.54M |
| Change in Inventory | 0 | 24.86M | -31K | 126.18M | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 19.98M | -24.86M | 31K | -126.18M | 130.33M | -542.02M | 220.76M | 1.55M | -15.98M | -2.81M |
| Cash from Investing | -3.43B | -4.05B | -2.95B | -712.29M | -23.46B | -2.16B | -3.18B | -3.72B | -1.66B | 155.44M |
| Capital Expenditures | -5.23B | -5.95B | -4.73B | -1.18B | -1.79B | -3.87B | -6.23B | -6.62B | -6.07B | -5.15B |
| CapEx % of Revenue | 103.73% | 123.93% | 95.77% | 26.34% | 39% | 55.2% | 82.22% | 82.74% | 74.18% | - |
| Acquisitions | 1.78B | 1.82B | 1.77B | 471.44M | -22.49B | 1.64B | 2.12B | 0 | 2.87B | 3.36B |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 18.54M | -21.5M | -17K | 0 | 824.04M | 75.3M | 927.91M | 2.89B | 1.54B | 1.95B |
| Cash from Financing | -87.57M | 600.41M | -265.01M | -1.23B | 20.18B | -3.16B | -2.01B | -2.13B | -3.65B | -5.45B |
| Debt Issued (Net) | 900.95M | 1.23B | 34.48M | -867.49M | 20.52B | -3.76B | -17.38M | -1.16B | -1.79B | -3.19B |
| Equity Issued (Net) | -1.14B | -834.4M | -639.94M | -127.78M | -76.22M | -17.42M | -2.64B | -1.52B | 0 | -1.51B |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -139.99M | -192.44M | -254.08M |
| Share Repurchases | -1.14B | -834.4M | -639.94M | -127.78M | -76.22M | -17.42M | -2.64B | -1.52B | 0 | -1.51B |
| Other Financing | 150.26M | 205.5M | 340.45M | -230.07M | -263.13M | 618.69M | 643.25M | 686.37M | -1.67B | -495.82M |
| Net Change in Cash | -375.78M▲ 0% | -609.09M▼ 62.1% | -114.69M▲ 81.2% | 194.94M▲ 270.0% | 419.46M▲ 115.2% | -157.98M▼ 137.7% | 68.7M▲ 143.5% | -423.88M▼ 717.0% | 78.16M▲ 118.4% | 313.03M▲ 0% |
| Free Cash Flow | -2.09B▲ 0% | -3.11B▼ 49.1% | -1.62B▲ 47.8% | 946.66M▲ 158.3% | 1.9B▲ 101.1% | 1.3B▼ 31.8% | -970.95M▼ 174.7% | -1.18B▼ 21.5% | -681.17M▲ 42.3% | 405.11M▲ 0% |
| FCF Margin % | -41.39% | -64.75% | -32.87% | 21.07% | 41.49% | 18.53% | -12.81% | -14.75% | -8.32% | 5% |
| FCF Growth % | -354.34% | -49.06% | 47.79% | 158.33% | 101.13% | -31.76% | -174.72% | -21.5% | 42.26% | 119.39% |
| FCF per Share | -12.46 | -20.90 | -11.94 | 7.41 | 12.78 | 5.40 | -4.26 | -6.07 | -3.87 | -3.87 |
| FCF Conversion (FCF/Net Income) | 2.92x | 2.80x | 2.71x | -7.14x | 3.69x | -7.12x | 1.68x | 2.59x | 1.44x | 0.10x |
| Interest Paid | 1.23B | 1.23B | 1.27B | 0 | 1.11B | 0 | 1.65B | 1.81B | 0 | 958.18M |
| Taxes Paid | 18.96M | 679K | 2.35M | 0 | 4.93M | 0 | 23.22M | 34.03M | 0 | 11.68M |
AER Key Ratios
AerCap Holdings N.V. (AER) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 12.5% | 11.59% | 12.55% | -3.26% | 7.82% | -4.42% | 19.13% | 12.43% | 21.13% | 21.57% |
| Return on Invested Capital (ROIC) | 5.22% | 4.9% | 5.34% | 4.55% | 3.26% | 4.02% | 4.74% | 5.03% | 5.23% | 5.23% |
| Gross Margin | 55.04% | 55.72% | 60.22% | 56.18% | 55.18% | 54.18% | 57.3% | 57.6% | 59.77% | 52.87% |
| Net Margin | 21.36% | 21.16% | 23.2% | -6.64% | 21.8% | -10.35% | 41.37% | 26.24% | 45.8% | 48.41% |
| Debt / Equity | 3.29x | 3.32x | 3.25x | 3.23x | 3.04x | 2.88x | 2.81x | 2.64x | 2.38x | 2.38x |
| Interest Coverage | 2.18x | 2.02x | 2.09x | 1.83x | 1.80x | 2.03x | 2.08x | 1.99x | 3.06x | 2.42x |
| FCF Conversion | 2.92x | 2.80x | 2.71x | -7.14x | 3.69x | -7.12x | 1.68x | 2.59x | 1.44x | 0.10x |
| Revenue Growth | -0.11% | -4.71% | 2.86% | -8.99% | 2.12% | 52.84% | 8.08% | 5.49% | 2.4% | 0.67% |
AER Frequently Asked Questions
AerCap Holdings N.V. (AER) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
AerCap Holdings N.V. (AER) reported $8.11B in revenue for fiscal year 2025. This represents a 1491% increase from $509.7M in 2002.
AerCap Holdings N.V. (AER) grew revenue by 2.4% over the past year. Growth has been modest.
Yes, AerCap Holdings N.V. (AER) is profitable, generating $3.93B in net income for fiscal year 2025 (45.8% net margin).
Dividend & Returns
Yes, AerCap Holdings N.V. (AER) pays a dividend with a yield of 0.76%. This makes it attractive for income-focused investors.
AerCap Holdings N.V. (AER) has a return on equity (ROE) of 21.1%. This is excellent, indicating efficient use of shareholder capital.
AerCap Holdings N.V. (AER) generated $405.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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AerCap Holdings N.V. (AER) financial analysis — history, returns, DCA and operating performance tools
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