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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% | - |
| 2023 | $335M | $0M | $-6M | $-186M | -1.3% | -18.1% | -112.7% |
| 2022 | $409M | $67M | $44M | $-16M | 9.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 |
| Operating Income | 55.05 | -10.77 | 9.74 | 15.79 |
| EBITDA | 66.90 | 0.05 | 26.16 | 35.68 |
| EBIT | 55.05 | -10.77 | 9.74 | 15.79 |
| Pretax Income | 57.88 | -7.68 | 7.84 | 10.53 |
| Tax Provision | 14.02 | -2.12 | 1.99 | 1.95 |
| Net Income | 43.86 | -5.56 | 5.85 | 8.57 |
| Net Income Common Stockholders | 43.86 | -5.56 | 5.85 | 8.57 |
| Total Expenses | 353.50 | 345.27 | 335.32 | 319.50 |
| Interest Expense | 0 | 0 | 0 | 0 |
| Selling General And Administration | 96.35 | 103.19 | 94.19 | 89.98 |
| Normalized EBITDA | 67.43 | -2.22 | 23.86 | 35.60 |
| Normalized Income | 44.26 | -7.21 | 4.13 | 8.51 |
| Basic EPS | 0.85 | -0.11 | 0.11 | 0 |
| Diluted EPS | 0.83 | -0.15 | 0.11 | 0 |
| Tax Effect Of Unusual Items | -0.13 | 0.62 | 0.58 | 0.02 |
| Tax Rate For Calcs | 0.24 | 0.28 | 0.25 | 0.19 |
| Total Unusual Items | -0.53 | 2.27 | 2.30 | 0.09 |
| Total Unusual Items Excluding Goodwill | -0.53 | 2.27 | 2.30 | 0.09 |
| Net Income From Continuing Operation Net Minority Interest | 43.86 | -5.56 | 5.85 | 8.57 |
| Reconciled Depreciation | 11.86 | 10.82 | 16.41 | 19.89 |
| Reconciled Cost Of Revenue | 257.15 | 242.08 | 241.13 | 229.51 |
| Net Interest Income | 1.09 | 0.15 | -5.70 | -8.33 |
| Net Income From Continuing And Discontinued Operation | 43.86 | -5.56 | 5.85 | 8.57 |
| Total Operating Income As Reported | 55.05 | -10.77 | 9.74 | 15.79 |
| Diluted Average Shares | 52.84 | 51.46 | 53.36 | 0 |
| Basic Average Shares | 51.60 | 51.29 | 53.11 | 0 |
| Diluted NI Availto Com Stockholders | 43.86 | -7.83 | 5.85 | 8.57 |
| Average Dilution Earnings | 0 | -2.27 | 0 | 0 |
| Net Income Including Noncontrolling Interests | 43.86 | -5.56 | 5.85 | 8.57 |
| Net Income Continuous Operations | 43.86 | -5.56 | 5.85 | 8.57 |
| Other Income Expense | 1.74 | 2.94 | 3.80 | 3.07 |
| Other Non Operating Income Expenses | 2.27 | 0.67 | 1.50 | 2.98 |
| Special Income Charges | 0 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | 0 | 0 | 0 | 0 |
| Gain On Sale Of Security | -0.53 | 2.27 | 2.30 | 0.09 |
| Net Non Operating Interest Income Expense | 1.09 | 0.15 | -5.70 | -8.33 |
| Total Other Finance Cost | -1.09 | -0.15 | 5.70 | 8.33 |
| Interest Expense Non Operating | 0 | 0 | 0 | 0 |
| Other Operating Expenses | 0 | 0 | 0 | 0 |
| Operating Revenue | 408.54 | 334.50 | 345.07 | 335.29 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| AerSale Corporationthis co. | ASLE | $313M | 36.83↑ premium | 0.74 | 2.0% | 12.77 |
| Wabash National Corporation | WNC | $339M | 1.64 | 0.92 | 57.4% | 2.07 |
| Omega Flex, Inc. | OFLX | $339M | 22.82 | 4.02 | 17.6% | 15.85 |
| SBC Medical Group Holdings Incorporated | SBC | $339M | 6.60 | 1.36 | 19.4% | 3.44 |
| Tredegar Corporation | TG | $327M |
| 13.67 |
| 1.48 |
| 15.5% |
| 6.25 |
| L.B. Foster Company | FSTR | $320M | 44.36 | 1.77 | 4.3% | 10.12 |
| Energy Services of America Corporation | ESOA | $303M | 124.92 | 4.45 | 0.6% | 14.70 |
| Aspen Aerogels, Inc. | ASPN | $299M | - | 1.27 | -165.4% | -45.85 |
| CompX International Inc. | CIX | $286M | 14.68 | 2.06 | 14.1% | 8.83 |
| Peer Median | - | 14.68 | 1.63 | 14.8% | 7.54 | |