AL · Air Lease Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $739.22M | - | $725.39M | $731.70M | $738.28M | - | $690.16M | $667.29M | $663.31M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $60.19M | - | $51.78M | $49.85M | $59.35M | - | $44.42M | $45.43M | $47.74M | - |
| Total Operating Expenses | $589.32M | - | $540.42M | $245.12M | $266.61M | - | $559.93M | $539.55M | $527.98M | - |
| D&A | $309.78M | - | $311.13M | $304.29M | $299.02M | - | $290.13M | $281.98M | $277.26M | - |
| Operating Income | $149.90M | - | $184.97M | $486.58M | $471.67M | - | $130.23M | $127.74M | $135.33M | - |
| Interest Expense | - | - | - | - | - | - | - | - | $194.70M | - |
| Income Tax | $24.00M | - | $38.51M | $101.41M | $95.84M | - | $26.26M | $24.80M | $27.46M | - |
| Net Income | $125.90M | - | $146.46M | $385.17M | $375.83M | - | $103.97M | $102.95M | $107.87M | - |
| EPS - Basic | $1.03 | - | $1.21 | $3.35 | $3.27 | - | $0.82 | $0.81 | $0.88 | - |
| EPS - Diluted | $1.02 | - | $1.21 | $3.33 | $3.26 | - | $0.82 | $0.81 | $0.87 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $554.06M | $466.41M | $452.21M | $454.80M | $456.62M | $472.55M | $460.79M | $454.12M | $554.37M | $460.87M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $33.17B | $32.88B | $33.39B | $33.30B | $32.36B | $32.28B | $32.15B | $31.02B | $30.91B | $30.45B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $19.82B | $19.73B | $20.19B | $20.32B | $19.89B | $20.21B | $20.16B | $19.68B | $19.48B | $19.18B |
| Total Liabilities | $24.62B | $24.41B | $25.05B | $25.07B | $24.50B | $24.75B | $24.48B | $23.71B | $23.68B | $23.29B |
| Stockholders' Equity | $8.55B | $8.47B | $8.34B | $8.22B | $7.87B | $7.53B | $7.68B | $7.31B | $7.23B | $7.16B |
| Retained Earnings | $5.18B | $5.09B | $4.95B | $4.84B | $4.49B | $4.15B | $4.08B | $4.01B | $3.94B | $3.87B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $503.34M | - | - | - | $388.35M | - | - | - | $371.33M | - |
| Investing Cash Flow | ($572.18M) | - | - | - | ($102.20M) | - | - | - | ($630.32M) | - |
| Financing Cash Flow | $153.46M | - | - | - | ($301.64M) | - | - | - | $350.43M | - |
| CapEx | $58.31M | - | - | - | $72.87M | - | - | - | $124.55M | - |
| Free Cash Flow | $445.02M | - | - | - | $315.48M | - | - | - | $246.78M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 20.3% | - | 25.5% | 66.5% | 63.9% | - | 18.9% | 19.1% | 20.4% | - |
| EBITDA margin | 62.2% | - | 68.4% | 108.1% | 104.4% | - | 60.9% | 61.4% | 62.2% | - |
| Net margin | 17.0% | - | 20.2% | 52.6% | 50.9% | - | 15.1% | 15.4% | 16.3% | - |
| Free cash flow margin | 60.2% | - | - | - | 42.7% | - | - | - | 37.2% | - |
| FCF / Net income | 3.53 | - | - | - | 0.84 | - | - | - | 2.29 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 8.1% | - | 7.1% | 6.8% | 8.0% | - | 6.4% | 6.8% | 7.2% | - |
| Effective tax rate | 16.0% | - | 20.8% | 20.8% | 20.3% | - | 20.2% | 19.4% | 20.3% | - |
| Return on assets | 0.4% | - | 0.4% | 1.2% | 1.2% | - | 0.3% | 0.3% | 0.3% | - |
| Return on equity | 1.5% | - | 1.8% | 4.7% | 4.8% | - | 1.4% | 1.4% | 1.5% | - |
| Return on invested capital | 0.4% | - | 0.5% | 1.3% | 1.4% | - | 0.4% | 0.4% | 0.4% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 2.32 | 2.33 | 2.42 | 2.47 | 2.53 | 2.68 | 2.63 | 2.69 | 2.69 | 2.68 |
| Debt / Assets | 0.60 | 0.60 | 0.60 | 0.61 | 0.61 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 |
| Debt / EBITDA | 43.11 | - | 40.71 | 25.69 | 25.81 | - | 47.96 | 48.03 | 47.21 | - |
| Interest coverage | - | - | - | - | - | - | - | - | 0.7x | - |
| Equity multiplier | 3.88 | 3.88 | 4.00 | 4.05 | 4.11 | 4.29 | 4.19 | 4.24 | 4.27 | 4.25 |
| Liabilities / Assets | 0.74 | 0.74 | 0.75 | 0.75 | 0.76 | 0.77 | 0.76 | 0.76 | 0.77 | 0.76 |
| Efficiency | ||||||||||
| Asset turnover | 0.02 | - | 0.02 | 0.02 | 0.02 | - | 0.02 | 0.02 | 0.02 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 63.7x | - | 52.6x | 17.6x | 14.8x | - | 55.2x | 58.7x | 59.1x | - |
| P / B | 0.9x | - | 0.9x | 0.8x | 0.7x | - | 0.7x | 0.7x | 0.8x | - |
| P / S | 9.9x | - | 9.9x | 9.0x | 7.3x | - | 7.3x | 8.0x | 8.6x | - |
| EV / EBITDA | 57.8x | - | 54.2x | 33.4x | 32.2x | - | 58.9x | 59.9x | 59.8x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 0.1% | - | 5.1% | 9.7% | 11.3% | - | 4.7% | -0.8% | 4.3% | - |
| Revenue CAGR (3y) | 5.1% | - | 8.9% | 9.5% | 7.4% | - | 9.6% | 10.7% | 11.8% | - |
| Revenue CAGR (5y) | 9.3% | - | 8.0% | 7.0% | - | - | 5.4% | 7.2% | 7.3% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -68.2% | - | 42.0% | 280.9% | 248.5% | - | -21.1% | -22.1% | -14.5% | - |
| Net income growth (YoY) | -66.5% | - | 40.9% | 274.1% | 248.4% | - | -21.5% | -22.2% | -16.2% | - |
| EPS growth (YoY) | -68.7% | - | 47.6% | 311.1% | 274.7% | - | -25.5% | -26.4% | -17.9% | - |
| EPS CAGR (3y) | -1.3% | - | 10.4% | 51.9% | - | - | -2.0% | 2.6% | 7.5% | - |
| EPS CAGR (5y) | 7.8% | - | 3.5% | 21.5% | - | - | -9.4% | -5.9% | -6.7% | - |
| FCF growth (YoY) | 41.1% | - | - | - | 27.8% | - | - | - | -16.2% | - |
| FCF CAGR (5y) | 18.3% | - | - | - | - | - | - | - | 10.5% | - |
| Book value growth (YoY) | 8.7% | 12.5% | 8.7% | 12.5% | 8.8% | 5.2% | 10.3% | 6.6% | 7.2% | 7.7% |
Peer comparison
Same SIC group: Services-Equipment Rental & Leasing, NEC
Comparing AIR LEASE CORP against the 5 most active filers in the same SIC group.
Dividends
$0.66/share trailing 12 months · -24.1% YoY
| Ex-date | Per share |
|---|---|
| Mar 2, 2026 | $0.2200 |
| Dec 4, 2025 | $0.2200 |
| Sep 3, 2025 | $0.2200 |
| Jun 4, 2025 | $0.2200 |
| Mar 18, 2025 | $0.2200 |
| Dec 12, 2024 | $0.2200 |
| Sep 6, 2024 | $0.2100 |
| Jun 4, 2024 | $0.2100 |
| Mar 14, 2024 | $0.2100 |
| Dec 14, 2023 | $0.2100 |
| Sep 11, 2023 | $0.2000 |
| Jun 5, 2023 | $0.2000 |
| Mar 15, 2023 | $0.2000 |
| Dec 15, 2022 | $0.2000 |
| Sep 9, 2022 | $0.1850 |
| Jun 6, 2022 | $0.1850 |
| Mar 17, 2022 | $0.1850 |
| Dec 16, 2021 | $0.1850 |
| Sep 9, 2021 | $0.1600 |
| Jun 7, 2021 | $0.1600 |
| Mar 18, 2021 | $0.1600 |
| Dec 17, 2020 | $0.1600 |
| Sep 10, 2020 | $0.1500 |
| Jun 4, 2020 | $0.1500 |