Last 47 quarters of trend data · Industrials · Rental & Leasing Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Air Lease Corporation's quarterly P/E stands at 10.6x, down 26.8% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 37.2% YoY to 8.8x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 7.00 | 10.63 | 13.15 | 4.39 | 3.70 | 14.52 | 13.81 | 14.67 | 14.78 | 5.55 | 8.96 | 9.51 | 9.29 |
| — | -26.8% | -4.8% | -70.1% | -74.9% | +161.8% | +54.2% | +54.2% | +59.2% | -30.1% | +4.0% | +8.1% | — | |
| P/S Ratio | 2.41 | 2.20 | 2.46 | 2.24 | 1.83 | 1.89 | 1.83 | 1.99 | 2.16 | 1.63 | 1.78 | 1.85 | 1.72 |
| — | +16.3% | +34.4% | +12.7% | -15.2% | +16.1% | +2.9% | +7.3% | +25.7% | -12.5% | +16.2% | +11.4% | -19.3% | |
| P/B Ratio | 0.86 | 0.85 | 0.86 | 0.80 | 0.69 | 0.72 | 0.66 | 0.73 | 0.79 | 0.65 | 0.63 | 0.68 | 0.65 |
| — | +19.0% | +29.9% | +9.8% | -13.3% | +9.7% | +4.6% | +7.0% | +22.2% | +1.6% | +19.5% | +17.8% | -18.7% | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | — | 8.79 | 14.99 | 14.36 | 13.72 | 14.01 | 14.24 | 14.50 | 14.48 | 12.03 | 9.99 | 10.02 | 13.42 |
| — | -37.2% | +5.3% | -1.0% | -5.3% | +16.5% | +42.6% | +44.7% | +7.9% | +13.4% | -2.4% | -2.2% | +12.7% | |
| EV / EBIT | — | 14.92 | 33.98 | 13.22 | 12.79 | 40.80 | 42.81 | 43.49 | 41.53 | 20.88 | 16.54 | 16.42 | 33.76 |
| — | -63.4% | -20.6% | -69.6% | -69.2% | +95.3% | +158.9% | +164.8% | +23.0% | +23.7% | -14.4% | -13.3% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Air Lease Corporation's operating margin was 54.1% in Q4 2025, up 35.2 pp QoQ and up 32.5 pp YoY. The trailing four-quarter average of 28.8% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 110.4% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.4% | 62.3% | 27.4% | 29.8% | 31.2% | 29.6% | 28.5% | 29.3% | 30.8% | 38.3% | 56.5% | 57.2% | 35.3% |
| — | +110.4% | -4.0% | +1.9% | +1.4% | -22.5% | -49.5% | -48.8% | -12.8% | -31.6% | -0.4% | -1.0% | -13.6% | |
| Operating Margin | 50.5% | 54.1% | 18.9% | 21.3% | 20.8% | 21.6% | 21.0% | 21.1% | 22.4% | 29.7% | 48.2% | 48.5% | 26.9% |
| — | +150.4% | -9.6% | +0.7% | -7.0% | -27.3% | -56.5% | -56.4% | -16.9% | -36.6% | -1.1% | -2.4% | -24.8% | |
| Net Margin | 36.1% | 22.1% | 20.2% | 52.6% | 50.9% | 15.8% | 15.1% | 15.4% | 16.3% | 30.8% | 21.5% | 21.1% | 20.2% |
| — | +39.2% | +34.0% | +241.2% | +213.0% | -48.7% | -30.0% | -26.8% | -19.6% | +21.7% | +9.5% | +1.2% | +125.7% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.6% | 2.2% | 1.8% | 4.8% | 4.9% | 1.5% | 1.4% | 1.4% | 1.5% | 3.1% | 1.9% | 1.9% | 1.9% |
| — | +44.9% | +27.4% | +238.1% | +225.7% | -52.6% | -27.6% | -27.3% | -22.0% | +41.9% | +12.6% | +7.3% | +127.4% | |
| ROA | 3.3% | 0.5% | 0.4% | 1.2% | 1.2% | 0.4% | 0.3% | 0.3% | 0.4% | 0.7% | 0.4% | 0.4% | 0.4% |
| — | +55.8% | +33.4% | +252.9% | +230.7% | -52.3% | -26.1% | -25.8% | -21.1% | +43.2% | +12.8% | +5.0% | +125.6% | |
| ROIC | 4.2% | 1.2% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | 0.6% | 0.9% | 0.9% | 0.5% |
| — | +182.1% | -8.8% | +5.1% | -1.2% | -32.6% | -54.5% | -55.5% | -16.7% | -24.3% | +3.4% | +0.6% | -26.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Air Lease Corporation's Debt/EBITDA ratio is 26.2x, down from 45.0x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 176.2% YoY to 0.93x, strengthening the short-term liquidity position. Debt/Equity has declined for 5 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.33 | 2.33 | 2.42 | 2.47 | 2.53 | 2.68 | 2.63 | 2.69 | 2.69 | 2.68 | 2.68 | 2.76 | 2.88 |
| — | -13.2% | -7.8% | -8.3% | -6.1% | +0.1% | -1.9% | -2.3% | -6.6% | -4.5% | -6.8% | -3.2% | +3.0% | |
| Debt / EBITDA | 7.18 | 26.21 | 45.03 | 44.17 | 43.93 | 45.07 | 46.38 | 46.52 | 45.76 | 39.46 | 33.07 | 32.96 | 45.12 |
| — | -41.9% | -2.9% | -5.1% | -4.0% | +14.2% | +40.3% | +41.1% | +1.4% | +10.4% | -9.1% | -7.8% | +13.7% | |
| Current Ratio | 0.93 | 0.93 | 0.82 | 0.38 | 0.21 | 0.34 | 0.39 | 0.17 | 0.19 | 0.36 | 0.33 | 0.37 | 0.84 |
| — | +176.2% | +110.8% | +119.7% | +9.5% | -4.9% | +15.8% | -52.9% | -77.1% | -61.6% | -77.4% | -77.4% | -69.6% | |
| Quick Ratio | 0.93 | 0.93 | 0.82 | 0.38 | 0.21 | 0.34 | 0.39 | 0.17 | 0.19 | 0.36 | 0.33 | 0.37 | 0.84 |
| — | +176.2% | +110.8% | +119.7% | +9.5% | -4.9% | +15.8% | -52.9% | -77.1% | -61.6% | -77.4% | -77.4% | -69.6% | |
| Interest Coverage | 1.71 | 2.04 | 15.36 | 37.81 | 34.70 | 10.96 | 10.06 | 10.61 | 11.32 | 20.53 | 24.86 | 25.63 | 13.11 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Air Lease Corporation's current P/E is 7.0x. The average P/E over the last 4 quarters is 8.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Air Lease Corporation's current operating margin is 50.5%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Air Lease Corporation's business trajectory between earnings reports.