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AerSale Corporation provides aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, government and defense contractors, and maintenance, repair, and overhaul 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 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. AerSale Corporation was founded in 2008 and is headquartered in Doral, Florida.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $335M | $36M | $9M | $-33M | 2.0% | -2.8% | 46.6% |
| 2024 | $345M | $26M | $6M | $-18M | 1.3% | 3.2% | -205.2% |
| 2023 | $335M | $0M | $-6M | $-186M | -1.3% | -18.1% | -112.7% |
| 2022 | $409M | $67M | $44M | $-16M | 9.9% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 408.54 | 334.50 | 345.07 | 335.29 |
| Operating Revenue | - | 408.54 | 334.50 | 345.07 | 335.29 |
| Cost Of Revenue | - | 257.15 | 242.08 | 241.13 | 229.51 |
| Gross Profit | - | 151.39 | 92.42 | 103.94 | 105.77 |
| Operating Expense | - | 96.35 | 103.19 | 94.19 | 89.98 |
| Selling General And Administration | - | 96.35 | 103.19 | 94.19 | 89.98 |
| Total Expenses | - | 353.50 | 345.27 | 335.32 | 319.50 |
| Operating Income | - | 55.05 | -10.77 | 9.74 | 15.79 |
| Total Operating Income As Reported | - | 55.05 | -10.77 | 9.74 | 15.79 |
| EBITDA | - | 66.90 | 0.05 | 26.16 | 35.68 |
| Normalized EBITDA | - | 67.43 | -2.22 | 23.86 | 35.60 |
| EBIT | - | 55.05 | -10.77 | 9.74 | 15.79 |
| Interest Expense | 0.98 | - | - | - | - |
| Net Interest Income | - | 1.09 | 0.16 | -5.70 | -8.33 |
| Other Non Operating Income Expenses | - | 2.27 | 0.67 | 1.50 | 2.98 |
| Other Income Expense | - | 1.74 | 2.94 | 3.80 | 3.07 |
| Interest Expense Non Operating | 0.98 | - | - | - | - |
| Net Non Operating Interest Income Expense | - | 1.09 | 0.16 | -5.70 | -8.33 |
| Pretax Income | - | 57.88 | -7.68 | 7.84 | 10.53 |
| Tax Provision | - | 14.02 | -2.12 | 1.99 | 1.95 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.13 | 0.62 | 0.58 | 0.02 |
| Net Income Continuous Operations | - | 43.86 | -5.56 | 5.85 | 8.57 |
| Net Income From Continuing And Discontinued Operation | - | 43.86 | -5.56 | 5.85 | 8.57 |
| Net Income From Continuing Operation Net Minority Interest | - | 43.86 | -5.56 | 5.85 | 8.57 |
| Net Income | - | 43.86 | -5.56 | 5.85 | 8.57 |
| Net Income Common Stockholders | - | 43.86 | -5.56 | 5.85 | 8.57 |
| Net Income Including Noncontrolling Interests | - | 43.86 | -5.56 | 5.85 | 8.57 |
| Normalized Income | - | 44.26 | -7.21 | 4.13 | 8.51 |
| Diluted NI Availto Com Stockholders | - | 43.86 | -7.83 | 5.85 | 8.57 |
| Basic Average Shares | 42.99 | 51.60 | 51.29 | 53.11 | - |
| Diluted Average Shares | 47.52 | 52.84 | 51.46 | 53.36 | - |
| Reconciled Depreciation | - | 11.86 | 10.82 | 16.41 | 19.89 |
| Reconciled Cost Of Revenue | - | 257.15 | 242.08 | 241.13 | 229.51 |
| Total Unusual Items | - | -0.52 | 2.27 | 2.30 | 0.08 |
| Total Unusual Items Excluding Goodwill | - | -0.52 | 2.27 | 2.30 | 0.08 |
| Special Income Charges | 0 | 0 | - | - | - |
| Restructuring And Mergern Acquisition | 0 | 0 | - | - | - |
| Gain On Sale Of Security | - | -0.52 | 2.27 | 2.30 | 0.08 |
| Total Other Finance Cost | - | -1.09 | -0.16 | 5.70 | 8.33 |
| Other Operating Expenses | -14.77 | - | - | - | - |
| Average Dilution Earnings | - | 0 | -2.27 | 0 | 0 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| AerSale Corporationthis co. | ASLE | $300M | 34.99↑ premium | 0.71 | 2.0% | 12.35 |
| SBC Medical Group Holdings Incorporated | SBC | $314M | 6.16 | 1.26 | 20.5% | 2.38 |
| Public Policy Holding Company, Inc. | PPHC | $306M | -7.83 | 4.08 | -52.1% | -18.14 |
| Omega Flex, Inc. | OFLX | $304M | 20.51 | 3.61 | 17.6% | 13.97 |
| CompX International Inc. | CIX | $298M |
| - |
| - |
| - |
| - |
| - |
| 15.30 |
| 2.15 |
| 14.1% |
| 9.29 |
| NL Industries, Inc. | NL | $296M | -7.83 | 0.83 | -10.5% | -3.96 |
| AIRO Group Holdings, Inc. | AIRO | $295M | -71.79 | 0.40 | -0.6% | 8.94 |
| Energy Services of America Corporation | ESOA | $288M | 757.77 | 4.86 | 0.6% | 20.45 |
| PAMT CORP | PAMT | $280M | - | 1.33 | -25.0% | 17.44 |
| Peer Median | - | 6.16 | 1.74 | 0.0% | 9.12 | |