AerSale Corporation (ASLE) 10-Year Financial Performance & Capital Metrics

ASLE • • Industrial / General

IndustrialsAirlines & AirportsAviation Services & SupportAircraft Services & Parts

AboutAerSale Corporation provides aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and overhaul (MRO) service providers worldwide. It operates in two segments, Asset Management Solutions and Technical Operations (TechOps). The Asset Management Solutions segment engages in the sale and lease of aircraft, engines, and airframes, as well as disassembly of these assets for component parts. The TechOps segment provides internal and third-party aviation services, including internally developed engineered solutions, heavy aircraft maintenance and modification, and component MRO, as well as end-of-life disassembly services. This segment also provides aircraft modifications, cargo and tanker conversions of aircraft, and aircraft storage; and MRO services for landing gear, thrust reversers, hydraulic systems, and other aircraft components. The company was founded in 2008 and is headquartered in Coral Gables, Florida.Show more

Revenue $345M +3.2%
EBITDA $26M +54393.8%
Net Income $6M +205.2%
EPS (Diluted) 0.11 +173.3%
Gross Margin 30.12% +9.0%
EBITDA Margin 7.58% +52909.1%
Operating Margin 2.82% +187.7%
Net Margin 1.7% +202.0%
ROE 1.3% +203.9%
ROIC 1.42% +173.3%
Debt/Equity 0.17 +11.5%
Interest Coverage 1.71

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Trading at only 0.9x book value

✗Weaknesses

✗Weak 3Y average ROE of 3.4%
✗Profits declining 17.7% over 5 years
✗Negative free cash flow

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y2.55%

3Y0.45%

TTM-1.64%

Profit (Net Income) CAGR

10Y-

5Y-17.7%

3Y-45.49%

TTM1661.63%

EPS CAGR

10Y-

5Y-21.11%

3Y-47.5%

TTM1912.66%

ROCE

10Y Avg7.64%

5Y Avg5.99%

3Y Avg3.98%

Latest1.88%

Peer Comparison

Aircraft Services & Parts

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ASLEAerSale Corporation	364.27M	7.72	70.18	3.16%	2.17%	1.76%		0.17

Profit & Loss

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	174.72M	290.73M	304.2M	208.94M	340.44M	408.54M	334.5M	345.07M
Revenue Growth %	-	0.66%	0.05%	-0.31%	0.63%	0.2%	-0.18%	0.03%
Cost of Goods Sold+	138.79M	218.56M	219.15M	156.15M	221.04M	257.15M	242.08M	241.13M
COGS % of Revenue	0.79%	0.75%	0.72%	0.75%	0.65%	0.63%	0.72%	0.7%
Gross Profit+	35.92M	72.17M	85.05M	52.79M	119.39M	151.39M	92.42M	103.94M
Gross Margin %	0.21%	0.25%	0.28%	0.25%	0.35%	0.37%	0.28%	0.3%
Gross Profit Growth %	-	1.01%	0.18%	-0.38%	1.26%	0.27%	-0.39%	0.12%
Operating Expenses+	44.95M	46.61M	62.99M	41.51M	62.73M	96.35M	103.19M	94.19M
OpEx % of Revenue	0.26%	0.16%	0.21%	0.2%	0.18%	0.24%	0.31%	0.27%
Selling, General & Admin	46.06M	46.61M	59.81M	55.63M	77.5M	96.35M	103.19M	94.19M
SG&A % of Revenue	0.26%	0.16%	0.2%	0.27%	0.23%	0.24%	0.31%	0.27%
Research & Development	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-
Other Operating Expenses	0	367.81K	3.18M	-14.13M	-14.77M	0	0	0
Operating Income+	-10.14M	25.51M	22.06M	11.28M	56.66M	55.05M	-10.77M	9.74M
Operating Margin %	-0.06%	0.09%	0.07%	0.05%	0.17%	0.13%	-0.03%	0.03%
Operating Income Growth %	-	3.51%	-0.14%	-0.49%	4.02%	-0.03%	-1.2%	1.9%
EBITDA+	-7.59M	55.33M	52.14M	35.51M	69.66M	66.03M	48K	26.16M
EBITDA Margin %	-0.04%	0.19%	0.17%	0.17%	0.2%	0.16%	0%	0.08%
EBITDA Growth %	-	8.29%	-0.06%	-0.32%	0.96%	-0.05%	-1%	543.94%
D&A (Non-Cash Add-back)	2.55M	29.83M	30.08M	24.22M	13M	10.98M	10.82M	16.41M
EBIT	-10.14M	25.87M	22.67M	9.85M	56.66M	55.9M	-10.77M	9.74M
Net Interest Income+	0	-2.37M	-3.01M	-1.65M	-980K	0	155K	-5.7M
Interest Income	7.95M	0	0	0	0	0	155K	0
Interest Expense	0	2.37M	3.01M	1.64M	980K	0	0	5.7M
Other Income/Expense	-6.83M	-2.01M	-2.4M	-1.54M	-8.89M	2.84M	3.09M	-1.91M
Pretax Income+	-16.97M	23.5M	19.66M	9.74M	47.77M	57.88M	-7.68M	7.84M
Pretax Margin %	-0.1%	0.08%	0.06%	0.05%	0.14%	0.14%	-0.02%	0.02%
Income Tax+	-1.45M	-3.23M	4.16M	1.65M	11.66M	14.02M	-2.12M	1.99M
Effective Tax Rate %	1.88%	0.38%	0.79%	0.83%	0.76%	0.76%	0.72%	0.75%
Net Income+	-31.92M	8.85M	15.5M	8.09M	36.12M	43.86M	-5.56M	5.85M
Net Margin %	-0.18%	0.03%	0.05%	0.04%	0.11%	0.11%	-0.02%	0.02%
Net Income Growth %	-	1.28%	0.75%	-0.48%	3.46%	0.21%	-1.13%	2.05%
Net Income (Continuing)	-15.52M	26.73M	15.5M	8.09M	36.12M	43.86M	-5.56M	5.85M
Discontinued Operations	-9.73M	21.26M	0	0	0	0	0	0
Minority Interest	-39.13M	0	0	0	0	0	0	0
EPS (Diluted)+	-638.46	239.21	0.36	0.21	0.76	0.83	-0.15	0.11
EPS Growth %	-	1.37%	-1%	-0.42%	2.62%	0.09%	-1.18%	1.73%
EPS (Basic)	-638.46	239.21	0.36	0.21	0.84	0.85	-0.15	0.11
Diluted Shares Outstanding	50M	37.01M	43.51M	39.03M	47.31M	53.15M	51.46M	53.36M
Basic Shares Outstanding	50M	37.01M	43.51M	39.03M	43.19M	51.57M	51.29M	53.11M
Dividend Payout Ratio	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	100.65M	41.09K	141.79M	178.96M	271.53M	333.56M	264.77M	284.03M
Cash & Short-Term Investments	10.76M	41.09K	22.62M	29.32M	130.19M	147.19M	5.87M	4.7M
Cash Only	2.13M	41.09K	17.51M	29.32M	130.19M	147.19M	5.87M	4.7M
Short-Term Investments	8.63M	0	5.12M	0	0	0	0	0
Accounts Receivable	22.79M	27.82M	51.87M	50.69M	29.35M	28.27M	32.87M	42.81M
Days Sales Outstanding	47.6	34.93	62.23	88.55	31.47	25.26	35.86	45.28
Inventory	56.72M	55.64M	57.92M	85.19M	81.76M	117.49M	177.77M	224.83M
Days Inventory Outstanding	149.17	92.92	96.46	199.14	135	166.76	268.03	340.33
Other Current Assets	10.38M	0	9.38M	7.56M	15.95M	13.02M	12.51M	11.69M
Total Non-Current Assets+	255.65M	376.41K	202.2M	210.17M	215.96M	198.02M	289.16M	320.69M
Property, Plant & Equipment	200.16M	113.53M	119.36M	94.68M	80.71M	75.55M	81.69M	69.44M
Fixed Asset Turnover	0.87x	2.56x	2.55x	2.21x	4.22x	5.41x	4.09x	4.97x
Goodwill	379.29K	442.29K	13.86M	19.86M	19.86M	19.86M	19.86M	19.86M
Intangible Assets	2.51M	10.85M	20.38M	28.36M	26.24M	24.11M	21.99M	20.53M
Long-Term Investments	0	0	0	0	0	0	0	0
Other Non-Current Assets	52.61M	-124.44M	48.61M	61.55M	79.13M	67.21M	153.43M	200.7M
Total Assets+	356.3M	417.5K	343.98M	389.13M	487.49M	531.58M	553.94M	604.72M
Asset Turnover	0.49x	696.36x	0.88x	0.54x	0.70x	0.77x	0.60x	0.57x
Asset Growth %	-	-1%	822.91%	0.13%	0.25%	0.09%	0.04%	0.09%
Total Current Liabilities+	110.36M	392.95K	41.19M	31.68M	67.91M	52.84M	45.71M	74.97M
Accounts Payable	12.64M	0	17.03M	16.36M	19.97M	21.13M	29.9M	34.18M
Days Payables Outstanding	33.24	-	28.36	38.25	32.97	29.99	45.08	51.74
Short-Term Debt	82.12M	150K	3.35M	0	0	0	1.28M	605K
Deferred Revenue (Current)	0	-1000K	0	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	10.71M	-17.9M	11.18M	6.62M	6.29M	6.04M	2.24M	1.61M
Current Ratio	0.91x	0.10x	3.44x	5.65x	4.00x	6.31x	5.79x	3.79x
Quick Ratio	0.40x	-141.50x	2.04x	2.96x	2.79x	4.09x	1.90x	0.79x
Cash Conversion Cycle	163.53	-	130.33	249.44	133.5	162.03	258.82	333.86
Total Non-Current Liabilities+	16.16M	10.21M	8.81M	6M	10.7M	33.76M	63.21M	74.13M
Long-Term Debt	8.42M	3.22M	0	0	0	0	36.28M	40.44M
Capital Lease Obligations	0	0	0	0	0	28.28M	24.38M	30.57M
Deferred Tax Liabilities	0	0	0	0	1.11M	0	0	0
Other Non-Current Liabilities	7.74M	7M	8.81M	6M	9.59M	5.48M	2.55M	3.12M
Total Liabilities	126.52M	392.95K	50M	37.67M	78.61M	86.6M	108.92M	149.1M
Total Debt+	90.54M	150K	3.35M	0	0	32.71M	66.53M	75.97M
Net Debt	88.41M	108.91K	-14.15M	-29.32M	-130.19M	-114.48M	60.66M	71.27M
Debt / Equity	0.39x	6.11x	0.01x	-	-	0.07x	0.15x	0.17x
Debt / EBITDA	-	0.00x	0.06x	-	-	0.50x	1386.02x	2.90x
Net Debt / EBITDA	-	0.00x	-0.27x	-0.83x	-1.87x	-1.73x	1263.67x	2.72x
Interest Coverage	-	10.74x	7.34x	6.86x	57.82x	-	-	1.71x
Total Equity+	229.78M	24.55K	293.99M	351.45M	408.88M	444.98M	445.01M	455.62M
Equity Growth %	-	-1%	11974.45%	0.2%	0.16%	0.09%	0%	0.02%
Book Value per Share	4.60	0.00	6.76	9.01	8.64	8.37	8.65	8.54
Total Shareholders' Equity	268.92M	24.55K	293.99M	351.45M	408.88M	444.98M	445.01M	455.62M
Common Stock	500	431	529	4K	5K	5K	5K	5K
Retained Earnings	25.7M	-451	50.76M	58.86M	94.97M	138.83M	133.27M	139.12M
Treasury Stock	0	-2K	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	0
Minority Interest	-39.13M	0	0	0	0	0	0	0

Cash Flow

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	53.31M	54.65M	63.51M	-12.23M	79.08M	-113K	-174.15M	11.18M
Operating CF Margin %	0.31%	0.19%	0.21%	-0.06%	0.23%	-0%	-0.52%	0.03%
Operating CF Growth %	-	0.03%	0.16%	-1.19%	7.47%	-1%	-1540.15%	1.06%
Net Income	-10.85M	26.73M	15.5M	8.09M	36.12M	43.86M	-5.56M	5.85M
Depreciation & Amortization	30.86M	29.83M	30.08M	24.22M	13M	11.86M	10.82M	16.41M
Stock-Based Compensation	0	0	0	1.04M	0	16.5M	0	4.35M
Deferred Taxes	0	-7.82M	2.46M	22K	-3.19M	-2.39M	-916K	2.03M
Other Non-Cash Items	-2.11M	1.02M	24.46M	15.07M	28.73M	2.12M	11.69M	1.93M
Working Capital Changes	35.41M	7.79M	-9M	-60.68M	4.42M	-72.06M	-190.18M	-19.39M
Change in Receivables	-4.86M	-8.94M	-21.54M	9.92M	3.87M	-1.03M	-4.59M	-3.97M
Change in Inventory	30.29M	7.72M	3.42M	-55.27M	-35.67M	-37.64M	-168.63M	-78.03M
Change in Payables	0	1.22M	3.77M	-801K	3.6M	1.16M	8.77M	4.29M
Cash from Investing+	-19.43M	44.19M	-62.09M	-21.14M	13.2M	41.37M	3.09M	-16.13M
Capital Expenditures	-19.52M	-8.82M	-38.13M	-7.26M	-3.89M	-15.6M	-11.36M	-29.03M
CapEx % of Revenue	0.11%	0.03%	0.13%	0.03%	0.01%	0.04%	0.03%	0.08%
Acquisitions	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-
Other Investing	85.9K	75.3M	2.12M	3.1M	0	56.97M	0	12.9M
Cash from Financing+	-34.49M	-85.01M	-5.51M	45.18M	8.59M	-24.26M	29.74M	3.77M
Debt Issued (Net)	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-
Other Financing	-198K	-2.91M	0	48.61M	-694K	-2.05M	-7.02M	-250K
Net Change in Cash	-	-	-	-	-	-	-	-
Free Cash Flow+	33.79M	45.83M	25.38M	-19.5M	75.19M	-15.71M	-185.51M	-17.85M
FCF Margin %	0.19%	0.16%	0.08%	-0.09%	0.22%	-0.04%	-0.55%	-0.05%
FCF Growth %	-	0.36%	-0.45%	-1.77%	4.86%	-1.21%	-10.81%	0.9%
FCF per Share	0.68	1.24	0.58	-0.50	1.59	-0.30	-3.61	-0.33
FCF Conversion (FCF/Net Income)	-1.67x	6.17x	4.10x	-1.51x	2.19x	-0.00x	31.31x	1.91x
Interest Paid	0	2.31M	2.3M	855K	0	573K	0	0
Taxes Paid	0	4.66M	8.53M	2.65M	0	21.49M	0	0

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-13.89%	7.7%	10.54%	2.51%	9.5%	10.27%	-1.25%	1.3%
Return on Invested Capital (ROIC)	-2.39%	12.02%	11.82%	2.81%	14.15%	13.55%	-1.93%	1.42%
Gross Margin	20.56%	24.82%	27.96%	25.27%	35.07%	37.06%	27.63%	30.12%
Net Margin	-18.27%	3.05%	5.1%	3.87%	10.61%	10.74%	-1.66%	1.7%
Debt / Equity	0.39x	6.11x	0.01x	-	-	0.07x	0.15x	0.17x
Interest Coverage	-	10.74x	7.34x	6.86x	57.82x	-	-	1.71x
FCF Conversion	-1.67x	6.17x	4.10x	-1.51x	2.19x	-0.00x	31.31x	1.91x
Revenue Growth	-	66.4%	4.63%	-31.32%	62.94%	20.01%	-18.12%	3.16%

Revenue by Segment

	2020	2021	2022	2023	2024
Product	-	139.47M	176.07M	217.46M	214.95M
Product Growth	-	-	26.24%	23.50%	-1.15%
Services	-	71.77M	74.15M	102.53M	107.97M
Services Growth	-	-	3.32%	38.29%	5.30%
Leasing	-	9.8M	6.93M	14.51M	22.15M
Leasing Growth	-	-	-29.32%	109.45%	52.59%
Service	82.02M	-	-	-	-
Service Growth	-	-	-	-	-

Revenue by Geography

	2020	2021	2022	2023	2024
Domestic	-	133.91M	169.88M	145.08M	215.2M
Domestic Growth	-	-	26.86%	-14.60%	48.33%
Foreign	-	206.53M	238.67M	189.43M	129.87M
Foreign Growth	-	-	15.56%	-20.63%	-31.44%
Non Us	116.1M	-	-	-	-
Non Us Growth	-	-	-	-	-
U	92.84M	-	-	-	-
U Growth	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

AerSale Corporation (ASLE) has a price-to-earnings (P/E) ratio of 70.2x. This suggests investors expect higher future growth.

Growth & Financials

AerSale Corporation (ASLE) reported $339.1M in revenue for fiscal year 2024. This represents a 94% increase from $174.7M in 2017.

AerSale Corporation (ASLE) grew revenue by 3.2% over the past year. Growth has been modest.

Yes, AerSale Corporation (ASLE) is profitable, generating $7.3M in net income for fiscal year 2024 (1.7% net margin).

Dividend & Returns

AerSale Corporation (ASLE) has a return on equity (ROE) of 1.3%. This is below average, suggesting room for improvement.

AerSale Corporation (ASLE) had negative free cash flow of $17.7M in fiscal year 2024, likely due to heavy capital investments.

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AerSale Corporation (ASLE) 10-Year Financial Performance & Capital Metrics

ASLE • • Industrial / General

IndustrialsAirlines & AirportsAviation Services & SupportAircraft Services & Parts

Revenue $345M +3.2%
EBITDA $26M +54393.8%
Net Income $6M +205.2%
EPS (Diluted) 0.11 +173.3%
Gross Margin 30.12% +9.0%
EBITDA Margin 7.58% +52909.1%
Operating Margin 2.82% +187.7%
Net Margin 1.7% +202.0%
ROE 1.3% +203.9%
ROIC 1.42% +173.3%
Debt/Equity 0.17 +11.5%
Interest Coverage 1.71

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Trading at only 0.9x book value

✗Weaknesses

✗Weak 3Y average ROE of 3.4%
✗Profits declining 17.7% over 5 years
✗Negative free cash flow

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y2.55%

3Y0.45%

TTM-1.64%

Profit (Net Income) CAGR

10Y-

5Y-17.7%

3Y-45.49%

TTM1661.63%

EPS CAGR

10Y-

5Y-21.11%

3Y-47.5%

TTM1912.66%

ROCE

10Y Avg7.64%

5Y Avg5.99%

3Y Avg3.98%

Latest1.88%

Peer Comparison

Aircraft Services & Parts

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ASLEAerSale Corporation	364.27M	7.72	70.18	3.16%	2.17%	1.76%		0.17

Profit & Loss

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	174.72M	290.73M	304.2M	208.94M	340.44M	408.54M	334.5M	345.07M
Revenue Growth %	-	0.66%	0.05%	-0.31%	0.63%	0.2%	-0.18%	0.03%
Cost of Goods Sold+	138.79M	218.56M	219.15M	156.15M	221.04M	257.15M	242.08M	241.13M
COGS % of Revenue	0.79%	0.75%	0.72%	0.75%	0.65%	0.63%	0.72%	0.7%
Gross Profit+	35.92M	72.17M	85.05M	52.79M	119.39M	151.39M	92.42M	103.94M
Gross Margin %	0.21%	0.25%	0.28%	0.25%	0.35%	0.37%	0.28%	0.3%
Gross Profit Growth %	-	1.01%	0.18%	-0.38%	1.26%	0.27%	-0.39%	0.12%
Operating Expenses+	44.95M	46.61M	62.99M	41.51M	62.73M	96.35M	103.19M	94.19M
OpEx % of Revenue	0.26%	0.16%	0.21%	0.2%	0.18%	0.24%	0.31%	0.27%
Selling, General & Admin	46.06M	46.61M	59.81M	55.63M	77.5M	96.35M	103.19M	94.19M
SG&A % of Revenue	0.26%	0.16%	0.2%	0.27%	0.23%	0.24%	0.31%	0.27%
Research & Development	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-
Other Operating Expenses	0	367.81K	3.18M	-14.13M	-14.77M	0	0	0
Operating Income+	-10.14M	25.51M	22.06M	11.28M	56.66M	55.05M	-10.77M	9.74M
Operating Margin %	-0.06%	0.09%	0.07%	0.05%	0.17%	0.13%	-0.03%	0.03%
Operating Income Growth %	-	3.51%	-0.14%	-0.49%	4.02%	-0.03%	-1.2%	1.9%
EBITDA+	-7.59M	55.33M	52.14M	35.51M	69.66M	66.03M	48K	26.16M
EBITDA Margin %	-0.04%	0.19%	0.17%	0.17%	0.2%	0.16%	0%	0.08%
EBITDA Growth %	-	8.29%	-0.06%	-0.32%	0.96%	-0.05%	-1%	543.94%
D&A (Non-Cash Add-back)	2.55M	29.83M	30.08M	24.22M	13M	10.98M	10.82M	16.41M
EBIT	-10.14M	25.87M	22.67M	9.85M	56.66M	55.9M	-10.77M	9.74M
Net Interest Income+	0	-2.37M	-3.01M	-1.65M	-980K	0	155K	-5.7M
Interest Income	7.95M	0	0	0	0	0	155K	0
Interest Expense	0	2.37M	3.01M	1.64M	980K	0	0	5.7M
Other Income/Expense	-6.83M	-2.01M	-2.4M	-1.54M	-8.89M	2.84M	3.09M	-1.91M
Pretax Income+	-16.97M	23.5M	19.66M	9.74M	47.77M	57.88M	-7.68M	7.84M
Pretax Margin %	-0.1%	0.08%	0.06%	0.05%	0.14%	0.14%	-0.02%	0.02%
Income Tax+	-1.45M	-3.23M	4.16M	1.65M	11.66M	14.02M	-2.12M	1.99M
Effective Tax Rate %	1.88%	0.38%	0.79%	0.83%	0.76%	0.76%	0.72%	0.75%
Net Income+	-31.92M	8.85M	15.5M	8.09M	36.12M	43.86M	-5.56M	5.85M
Net Margin %	-0.18%	0.03%	0.05%	0.04%	0.11%	0.11%	-0.02%	0.02%
Net Income Growth %	-	1.28%	0.75%	-0.48%	3.46%	0.21%	-1.13%	2.05%
Net Income (Continuing)	-15.52M	26.73M	15.5M	8.09M	36.12M	43.86M	-5.56M	5.85M
Discontinued Operations	-9.73M	21.26M	0	0	0	0	0	0
Minority Interest	-39.13M	0	0	0	0	0	0	0
EPS (Diluted)+	-638.46	239.21	0.36	0.21	0.76	0.83	-0.15	0.11
EPS Growth %	-	1.37%	-1%	-0.42%	2.62%	0.09%	-1.18%	1.73%
EPS (Basic)	-638.46	239.21	0.36	0.21	0.84	0.85	-0.15	0.11
Diluted Shares Outstanding	50M	37.01M	43.51M	39.03M	47.31M	53.15M	51.46M	53.36M
Basic Shares Outstanding	50M	37.01M	43.51M	39.03M	43.19M	51.57M	51.29M	53.11M
Dividend Payout Ratio	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	100.65M	41.09K	141.79M	178.96M	271.53M	333.56M	264.77M	284.03M
Cash & Short-Term Investments	10.76M	41.09K	22.62M	29.32M	130.19M	147.19M	5.87M	4.7M
Cash Only	2.13M	41.09K	17.51M	29.32M	130.19M	147.19M	5.87M	4.7M
Short-Term Investments	8.63M	0	5.12M	0	0	0	0	0
Accounts Receivable	22.79M	27.82M	51.87M	50.69M	29.35M	28.27M	32.87M	42.81M
Days Sales Outstanding	47.6	34.93	62.23	88.55	31.47	25.26	35.86	45.28
Inventory	56.72M	55.64M	57.92M	85.19M	81.76M	117.49M	177.77M	224.83M
Days Inventory Outstanding	149.17	92.92	96.46	199.14	135	166.76	268.03	340.33
Other Current Assets	10.38M	0	9.38M	7.56M	15.95M	13.02M	12.51M	11.69M
Total Non-Current Assets+	255.65M	376.41K	202.2M	210.17M	215.96M	198.02M	289.16M	320.69M
Property, Plant & Equipment	200.16M	113.53M	119.36M	94.68M	80.71M	75.55M	81.69M	69.44M
Fixed Asset Turnover	0.87x	2.56x	2.55x	2.21x	4.22x	5.41x	4.09x	4.97x
Goodwill	379.29K	442.29K	13.86M	19.86M	19.86M	19.86M	19.86M	19.86M
Intangible Assets	2.51M	10.85M	20.38M	28.36M	26.24M	24.11M	21.99M	20.53M
Long-Term Investments	0	0	0	0	0	0	0	0
Other Non-Current Assets	52.61M	-124.44M	48.61M	61.55M	79.13M	67.21M	153.43M	200.7M
Total Assets+	356.3M	417.5K	343.98M	389.13M	487.49M	531.58M	553.94M	604.72M
Asset Turnover	0.49x	696.36x	0.88x	0.54x	0.70x	0.77x	0.60x	0.57x
Asset Growth %	-	-1%	822.91%	0.13%	0.25%	0.09%	0.04%	0.09%
Total Current Liabilities+	110.36M	392.95K	41.19M	31.68M	67.91M	52.84M	45.71M	74.97M
Accounts Payable	12.64M	0	17.03M	16.36M	19.97M	21.13M	29.9M	34.18M
Days Payables Outstanding	33.24	-	28.36	38.25	32.97	29.99	45.08	51.74
Short-Term Debt	82.12M	150K	3.35M	0	0	0	1.28M	605K
Deferred Revenue (Current)	0	-1000K	0	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	10.71M	-17.9M	11.18M	6.62M	6.29M	6.04M	2.24M	1.61M
Current Ratio	0.91x	0.10x	3.44x	5.65x	4.00x	6.31x	5.79x	3.79x
Quick Ratio	0.40x	-141.50x	2.04x	2.96x	2.79x	4.09x	1.90x	0.79x
Cash Conversion Cycle	163.53	-	130.33	249.44	133.5	162.03	258.82	333.86
Total Non-Current Liabilities+	16.16M	10.21M	8.81M	6M	10.7M	33.76M	63.21M	74.13M
Long-Term Debt	8.42M	3.22M	0	0	0	0	36.28M	40.44M
Capital Lease Obligations	0	0	0	0	0	28.28M	24.38M	30.57M
Deferred Tax Liabilities	0	0	0	0	1.11M	0	0	0
Other Non-Current Liabilities	7.74M	7M	8.81M	6M	9.59M	5.48M	2.55M	3.12M
Total Liabilities	126.52M	392.95K	50M	37.67M	78.61M	86.6M	108.92M	149.1M
Total Debt+	90.54M	150K	3.35M	0	0	32.71M	66.53M	75.97M
Net Debt	88.41M	108.91K	-14.15M	-29.32M	-130.19M	-114.48M	60.66M	71.27M
Debt / Equity	0.39x	6.11x	0.01x	-	-	0.07x	0.15x	0.17x
Debt / EBITDA	-	0.00x	0.06x	-	-	0.50x	1386.02x	2.90x
Net Debt / EBITDA	-	0.00x	-0.27x	-0.83x	-1.87x	-1.73x	1263.67x	2.72x
Interest Coverage	-	10.74x	7.34x	6.86x	57.82x	-	-	1.71x
Total Equity+	229.78M	24.55K	293.99M	351.45M	408.88M	444.98M	445.01M	455.62M
Equity Growth %	-	-1%	11974.45%	0.2%	0.16%	0.09%	0%	0.02%
Book Value per Share	4.60	0.00	6.76	9.01	8.64	8.37	8.65	8.54
Total Shareholders' Equity	268.92M	24.55K	293.99M	351.45M	408.88M	444.98M	445.01M	455.62M
Common Stock	500	431	529	4K	5K	5K	5K	5K
Retained Earnings	25.7M	-451	50.76M	58.86M	94.97M	138.83M	133.27M	139.12M
Treasury Stock	0	-2K	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	0
Minority Interest	-39.13M	0	0	0	0	0	0	0

Cash Flow

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	53.31M	54.65M	63.51M	-12.23M	79.08M	-113K	-174.15M	11.18M
Operating CF Margin %	0.31%	0.19%	0.21%	-0.06%	0.23%	-0%	-0.52%	0.03%
Operating CF Growth %	-	0.03%	0.16%	-1.19%	7.47%	-1%	-1540.15%	1.06%
Net Income	-10.85M	26.73M	15.5M	8.09M	36.12M	43.86M	-5.56M	5.85M
Depreciation & Amortization	30.86M	29.83M	30.08M	24.22M	13M	11.86M	10.82M	16.41M
Stock-Based Compensation	0	0	0	1.04M	0	16.5M	0	4.35M
Deferred Taxes	0	-7.82M	2.46M	22K	-3.19M	-2.39M	-916K	2.03M
Other Non-Cash Items	-2.11M	1.02M	24.46M	15.07M	28.73M	2.12M	11.69M	1.93M
Working Capital Changes	35.41M	7.79M	-9M	-60.68M	4.42M	-72.06M	-190.18M	-19.39M
Change in Receivables	-4.86M	-8.94M	-21.54M	9.92M	3.87M	-1.03M	-4.59M	-3.97M
Change in Inventory	30.29M	7.72M	3.42M	-55.27M	-35.67M	-37.64M	-168.63M	-78.03M
Change in Payables	0	1.22M	3.77M	-801K	3.6M	1.16M	8.77M	4.29M
Cash from Investing+	-19.43M	44.19M	-62.09M	-21.14M	13.2M	41.37M	3.09M	-16.13M
Capital Expenditures	-19.52M	-8.82M	-38.13M	-7.26M	-3.89M	-15.6M	-11.36M	-29.03M
CapEx % of Revenue	0.11%	0.03%	0.13%	0.03%	0.01%	0.04%	0.03%	0.08%
Acquisitions	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-
Other Investing	85.9K	75.3M	2.12M	3.1M	0	56.97M	0	12.9M
Cash from Financing+	-34.49M	-85.01M	-5.51M	45.18M	8.59M	-24.26M	29.74M	3.77M
Debt Issued (Net)	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-
Other Financing	-198K	-2.91M	0	48.61M	-694K	-2.05M	-7.02M	-250K
Net Change in Cash	-	-	-	-	-	-	-	-
Free Cash Flow+	33.79M	45.83M	25.38M	-19.5M	75.19M	-15.71M	-185.51M	-17.85M
FCF Margin %	0.19%	0.16%	0.08%	-0.09%	0.22%	-0.04%	-0.55%	-0.05%
FCF Growth %	-	0.36%	-0.45%	-1.77%	4.86%	-1.21%	-10.81%	0.9%
FCF per Share	0.68	1.24	0.58	-0.50	1.59	-0.30	-3.61	-0.33
FCF Conversion (FCF/Net Income)	-1.67x	6.17x	4.10x	-1.51x	2.19x	-0.00x	31.31x	1.91x
Interest Paid	0	2.31M	2.3M	855K	0	573K	0	0
Taxes Paid	0	4.66M	8.53M	2.65M	0	21.49M	0	0

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-13.89%	7.7%	10.54%	2.51%	9.5%	10.27%	-1.25%	1.3%
Return on Invested Capital (ROIC)	-2.39%	12.02%	11.82%	2.81%	14.15%	13.55%	-1.93%	1.42%
Gross Margin	20.56%	24.82%	27.96%	25.27%	35.07%	37.06%	27.63%	30.12%
Net Margin	-18.27%	3.05%	5.1%	3.87%	10.61%	10.74%	-1.66%	1.7%
Debt / Equity	0.39x	6.11x	0.01x	-	-	0.07x	0.15x	0.17x
Interest Coverage	-	10.74x	7.34x	6.86x	57.82x	-	-	1.71x
FCF Conversion	-1.67x	6.17x	4.10x	-1.51x	2.19x	-0.00x	31.31x	1.91x
Revenue Growth	-	66.4%	4.63%	-31.32%	62.94%	20.01%	-18.12%	3.16%

Revenue by Segment

	2020	2021	2022	2023	2024
Product	-	139.47M	176.07M	217.46M	214.95M
Product Growth	-	-	26.24%	23.50%	-1.15%
Services	-	71.77M	74.15M	102.53M	107.97M
Services Growth	-	-	3.32%	38.29%	5.30%
Leasing	-	9.8M	6.93M	14.51M	22.15M
Leasing Growth	-	-	-29.32%	109.45%	52.59%
Service	82.02M	-	-	-	-
Service Growth	-	-	-	-	-

Revenue by Geography

	2020	2021	2022	2023	2024
Domestic	-	133.91M	169.88M	145.08M	215.2M
Domestic Growth	-	-	26.86%	-14.60%	48.33%
Foreign	-	206.53M	238.67M	189.43M	129.87M
Foreign Growth	-	-	15.56%	-20.63%	-31.44%
Non Us	116.1M	-	-	-	-
Non Us Growth	-	-	-	-	-
U	92.84M	-	-	-	-
U Growth	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

AerSale Corporation (ASLE) has a price-to-earnings (P/E) ratio of 70.2x. This suggests investors expect higher future growth.

Growth & Financials

AerSale Corporation (ASLE) reported $339.1M in revenue for fiscal year 2024. This represents a 94% increase from $174.7M in 2017.

AerSale Corporation (ASLE) grew revenue by 3.2% over the past year. Growth has been modest.

Yes, AerSale Corporation (ASLE) is profitable, generating $7.3M in net income for fiscal year 2024 (1.7% net margin).

Dividend & Returns

AerSale Corporation (ASLE) has a return on equity (ROE) of 1.3%. This is below average, suggesting room for improvement.

AerSale Corporation (ASLE) had negative free cash flow of $17.7M in fiscal year 2024, likely due to heavy capital investments.