Air Lease Corporation (AL) Financial Ratios
15 years of historical data (2011–2025) · Industrials · Rental & Leasing Services
EV/EBITDA
↓
N/A
—
5yr avg: 12.95
30Y Low9.6·High21.9
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
↑
0.86
↑+20% vs avg
5yr avg: 0.72
30Y Low0.6·High1.4
ROE
↑
13.6%
↓+103% vs avg
5yr avg: 6.7%
30Y Low-1%·High20%
Debt/EBITDA
↓
7.18
↓-31% vs avg
5yr avg: 10.46
30Y Low7.2·High12.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AL Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Air Lease Corporation trades at 7.0x earnings, 33% below its 5-year average of 10.5x, sitting at the 14th percentile of its historical range. Compared to the Industrials sector median P/E of 25.7x, the stock trades at a discount of 73%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $7.3B | $7.2B | $5.4B | $4.7B | $4.3B | $5.1B | $5.1B | $5.4B | $3.4B | $5.4B | $3.8B |
| Enterprise Value | $6.8B | $26.5B | $25.1B | $23.4B | $22.2B | $21.0B | $19.8B | $18.6B | $14.6B | $14.8B | $12.2B |
| P/E Ratio → | 7.00 | 6.91 | 14.48 | 8.16 | — | 12.39 | 10.12 | 9.34 | 6.64 | 7.05 | 9.98 |
| P/S Ratio | 2.41 | 2.39 | 1.97 | 1.74 | 1.85 | 2.42 | 2.51 | 2.66 | 2.02 | 3.54 | 2.68 |
| P/B Ratio | 0.86 | 0.85 | 0.72 | 0.65 | 0.65 | 0.72 | 0.83 | 0.96 | 0.71 | 1.30 | 1.12 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | 4.19 | 4.16 | 3.22 | 2.68 | 3.10 | 3.68 | 4.65 | 3.86 | 2.71 | 5.07 | 3.73 |
P/E links to full P/E history page with 30-year chart
AL EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 8.78 | 9.19 | 8.71 | 9.56 | 10.05 | 9.85 | 9.23 | 8.71 | 9.74 | 8.63 |
| EV / EBITDA | — | 9.64 | 14.51 | 12.93 | 13.42 | 14.24 | 13.50 | 12.62 | 11.66 | 12.88 | 11.51 |
| EV / EBIT | — | 17.38 | 42.73 | 28.97 | — | 35.49 | 28.78 | 24.10 | 21.75 | 23.12 | 20.03 |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
AL Profitability
Margins and return-on-capital ratios measuring operating efficiency
Air Lease Corporation earns an operating margin of 50.5%, significantly above the Industrials sector average of 4.7%. Operating margins have expanded from 27.6% to 50.5% over the past 3 years, signaling improving operational efficiency. ROE of 13.6% is modest. ROIC of 4.2% represents below-average returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.4% | 59.4% | 29.6% | 35.8% | 37.0% | 35.6% | 39.8% | 45.5% | 46.9% | 49.5% | 50.1% |
| Operating Margin | 50.5% | 50.5% | 21.5% | 27.6% | 29.6% | 28.3% | — | 38.3% | 40.1% | 42.1% | 43.1% |
| Net Profit Margin | 36.1% | 36.1% | 15.6% | 22.9% | -4.2% | 20.9% | 25.6% | 29.1% | 30.4% | 49.9% | 26.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.6% | 13.6% | 5.8% | 8.9% | -1.4% | 6.7% | 8.8% | 11.3% | 11.4% | 20.1% | 11.7% |
| ROA | 3.3% | 3.3% | 1.4% | 2.1% | -0.4% | 1.7% | 2.2% | 2.9% | 3.0% | 5.1% | 2.8% |
| ROIC | 4.2% | 4.2% | 1.7% | 2.2% | 2.2% | 2.0% | — | 3.3% | 3.4% | 3.8% | 4.1% |
| ROCE | 5.0% | 5.0% | 2.0% | 2.6% | 2.6% | 2.3% | — | 4.1% | 4.1% | 4.4% | 4.8% |
AL Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Air Lease Corporation carries a Debt/EBITDA ratio of 7.2x, which is highly leveraged (132% above the sector average of 3.1x). Net debt stands at $19.3B ($19.7B total debt minus $466M cash). Interest coverage of just 1.7x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.33 | 2.33 | 2.68 | 2.68 | 2.80 | 2.43 | 2.72 | 2.41 | 2.40 | 2.35 | 2.58 |
| Debt / EBITDA | 7.18 | 7.18 | 11.67 | 10.60 | 11.28 | 11.55 | 11.23 | 9.20 | 9.20 | 8.45 | 8.19 |
| Net Debt / Equity | — | 2.27 | 2.62 | 2.61 | 2.69 | 2.27 | 2.43 | 2.35 | 2.34 | 2.28 | 2.50 |
| Net Debt / EBITDA | 7.01 | 7.01 | 11.40 | 10.35 | 10.82 | 10.81 | 10.05 | 8.98 | 8.96 | 8.20 | 7.93 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 1.71 | 1.71 | 10.73 | 14.94 | -1.61 | 11.69 | 16.03 | 21.05 | 20.57 | 21.69 | 19.75 |
AL Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.93x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.36x to 0.93x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.93 | 0.93 | 0.34 | 0.36 | 0.92 | 1.48 | 2.77 | 0.18 | 0.64 | 0.74 | 0.82 |
| Quick Ratio | 0.93 | 0.93 | 0.34 | 0.36 | 0.92 | 1.48 | 2.77 | 0.18 | 0.64 | 0.74 | 0.82 |
| Cash Ratio | 0.20 | 0.20 | 0.34 | 0.35 | 0.91 | 1.45 | 2.73 | 0.18 | 0.60 | 0.71 | 0.77 |
| Asset Turnover | — | 0.09 | 0.08 | 0.09 | 0.08 | 0.08 | 0.08 | 0.09 | 0.09 | 0.10 | 0.10 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 99.77 | — | — | — | — | — | — | — | — | — |
AL Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Air Lease Corporation returns 1.3% to shareholders annually primarily through dividends. The payout ratio of 9.0% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 14.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.3% | 1.4% | 1.7% | 1.9% | 1.9% | 1.4% | 1.3% | 1.1% | 1.2% | 0.6% | 0.5% |
| Payout Ratio | 9.0% | 9.0% | 21.9% | 14.4% | — | 16.7% | 13.2% | 9.9% | 8.1% | 4.1% | 5.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 14.3% | 14.5% | 6.9% | 12.3% | — | 8.1% | 9.9% | 10.7% | 15.1% | 14.2% | 10.0% |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 3.5% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.3% | 1.4% | 1.7% | 1.9% | 5.4% | 1.6% | 1.3% | 1.1% | 1.2% | 0.6% | 0.5% |
| Shares Outstanding | — | $112M | $112M | $111M | $112M | $114M | $114M | $113M | $112M | $112M | $111M |
Peer Comparison
Compare AL with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ALYou | $7B | 7.0 | — | — | 59.4% | 50.5% | 13.6% | 4.2% | 7.2 |
 AER | $24B | 6.8 | 9.6 | — | 59.8% | 51.9% | 21.1% | 5.2% | 6.3 |
 FLY | $5B | -6.5 | — | — | 15.6% | -154.3% | -141.3% | -26.2% | — |
 FTAI | $25B | 53.1 | 28.3 | — | 31.1% | 30.7% | 241.2% | 16.8% | 3.5 |
 BBU | $3B | -62.9 | 5.1 | 3.9 | 19.3% | 15.1% | -0.2% | 5.8% | 6.0 |
 GATX | $7B | 25.1 | 16.7 | — | 48.0% | 29.9% | 12.1% | 3.6% | 9.4 |
 CAI | $32B | -5.9 | 684.7 | 473.7 | — | 5.6% | -93.2% | — | 0.0 |
 BA | $177B | 90.5 | — | — | 4.8% | -6.1% | 289.7% | -9.5% | — |
 GE | $300B | 35.1 | 30.8 | 41.2 | 36.8% | 19.1% | 45.3% | 24.7% | 2.1 |
 RTX | $233B | 34.9 | 20.6 | 29.3 | 20.1% | 10.0% | 10.4% | 6.7% | 3.1 |
 DAL | $46B | 9.3 | 7.6 | 12.0 | 22.8% | 9.2% | 27.8% | 12.0% | 2.6 |
| Industrials Median | — | 25.7 | 13.7 | 21.2 | 33.0% | 4.7% | 8.2% | 6.3% | 3.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 15 years · Updated daily
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Start ComparisonAL — Frequently Asked Questions
Quick answers to the most common questions about buying AL stock.
What is Air Lease Corporation's P/E ratio?
Air Lease Corporation's current P/E ratio is 7.0x. The historical average is 13.4x. This places it at the 14th percentile of its historical range.
What is Air Lease Corporation's ROE?
Air Lease Corporation's return on equity (ROE) is 13.6%. The historical average is 8.8%.
Is AL stock overvalued?
Based on historical data, Air Lease Corporation is trading at a P/E of 7.0x. This is at the 14th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Air Lease Corporation's dividend yield?
Air Lease Corporation's current dividend yield is 1.35% with a payout ratio of 9.0%.
What are Air Lease Corporation's profit margins?
Air Lease Corporation has 59.4% gross margin and 50.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Air Lease Corporation have?
Air Lease Corporation's Debt/EBITDA ratio is 7.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.