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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $3.02B | $2.73B | $2.68B | $2.32B | $2.09B | $2.02B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $219.44M | $185.93M | $186.01M | $156.85M | $125.28M | $95.68M |
| Total Operating Expenses | $1.65B | $2.20B | $1.93B | $2.46B | $1.55B | $1.37B |
| D&A | $1.22B | $1.14B | $1.07B | $965.96M | $882.56M | $780.69M |
| Operating Income | $1.37B | $533.26M | $753.63M | ($138.76M) | $541.02M | $646.68M |
| Interest Expense | - | - | $708.96M | $546.18M | $474.76M | $474.76M |
| Income Tax | $281.31M | $105.55M | $139.01M | ($41.74M) | $104.38M | $130.41M |
| Net Income | $1.09B | $427.70M | $614.62M | ($97.02M) | $436.63M | $516.26M |
| EPS - Basic | $9.35 | $3.34 | $5.16 | ($1.24) | $3.58 | $4.41 |
| EPS - Diluted | $9.29 | $3.33 | $5.14 | ($1.24) | $3.57 | $4.39 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $466.41M | $472.55M | $460.87M | $766.42M | $1.09B | $1.73B |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $32.88B | $32.28B | $30.45B | $28.40B | $26.97B | $25.22B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $19.73B | $20.21B | $19.18B | $18.64B | $17.02B | $16.52B |
| Total Liabilities | $24.41B | $24.75B | $23.29B | $21.75B | $19.96B | $19.14B |
| Stockholders' Equity | $8.47B | $7.53B | $7.16B | $6.65B | $7.01B | $6.07B |
| Retained Earnings | $5.09B | $4.15B | $3.87B | $3.39B | $3.61B | $3.28B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.73B | $1.68B | $1.75B | $1.38B | $1.38B | $1.09B |
| Investing Cash Flow | ($1.32B) | ($3.04B) | ($2.78B) | ($3.40B) | ($3.09B) | ($2.53B) |
| Financing Cash Flow | ($419.72M) | $1.37B | $715.98M | $1.69B | $1.07B | $2.86B |
| CapEx | $237.68M | $387.25M | $305.35M | $216.63M | $229.65M | $160.99M |
| Free Cash Flow | $1.50B | $1.29B | $1.44B | $1.17B | $1.15B | $929.19M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 45.4% | 19.5% | 28.1% | -6.0% | 25.9% | 32.1% |
| EBITDA margin | 86.0% | 61.3% | 67.9% | 35.7% | 68.2% | 70.8% |
| Net margin | 36.1% | 15.6% | 22.9% | -4.2% | 20.9% | 25.6% |
| Free cash flow margin | 49.6% | 47.2% | 53.7% | 50.3% | 54.9% | 46.1% |
| FCF / Net income | 1.38 | 3.02 | 2.35 | -12.01 | 2.63 | 1.80 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 7.3% | 6.8% | 6.9% | 6.8% | 6.0% | 4.7% |
| Effective tax rate | 20.5% | 19.8% | 18.4% | - | 19.3% | 20.2% |
| Return on assets | 3.3% | 1.3% | 2.0% | -0.3% | 1.6% | 2.0% |
| Return on equity | 12.8% | 5.7% | 8.6% | -1.5% | 6.2% | 8.5% |
| Return on invested capital | 3.9% | 1.5% | 2.3% | -0.4% | 1.8% | 2.3% |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 2.33 | 2.68 | 2.68 | 2.80 | 2.43 | 2.72 |
| Debt / Assets | 0.60 | 0.63 | 0.63 | 0.66 | 0.63 | 0.66 |
| Debt / EBITDA | 7.61 | 12.05 | 10.53 | 22.54 | 11.96 | 11.57 |
| Interest coverage | - | - | 1.1x | -0.3x | 1.1x | 1.4x |
| Equity multiplier | 3.88 | 4.29 | 4.25 | 4.27 | 3.85 | 4.15 |
| Liabilities / Assets | 0.74 | 0.77 | 0.76 | 0.77 | 0.74 | 0.76 |
| Efficiency | ||||||
| Asset turnover | 0.09 | 0.08 | 0.09 | 0.08 | 0.08 | 0.08 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 6.9x | 14.5x | 8.2x | - | 12.4x | 10.1x |
| P / B | 0.9x | 0.7x | 0.7x | 0.6x | 0.7x | 0.8x |
| P / S | 2.4x | 2.0x | 1.7x | 1.9x | 2.4x | 2.5x |
| EV / EBITDA | 10.2x | 15.0x | 12.8x | 26.8x | 14.8x | 13.9x |
| Growth | ||||||
| Revenue growth (YoY) | 10.3% | 1.8% | 15.9% | 11.0% | 3.6% | -0.1% |
| Revenue CAGR (3y) | 9.2% | 9.4% | 10.0% | 4.7% | 7.5% | 9.9% |
| Revenue CAGR (5y) | 8.4% | 6.3% | 9.8% | 8.9% | 8.0% | 10.5% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 156.9% | -29.2% | - | - | -16.3% | -12.1% |
| Net income growth (YoY) | 154.5% | -30.4% | - | - | -15.4% | -12.1% |
| EPS growth (YoY) | 179.0% | -35.2% | - | - | -18.7% | -13.8% |
| EPS CAGR (3y) | - | -2.3% | 5.4% | - | -8.1% | -13.7% |
| EPS CAGR (5y) | 16.2% | -8.1% | 2.2% | - | 0.7% | 13.4% |
| FCF growth (YoY) | 16.1% | -10.5% | 23.7% | 1.6% | 23.5% | -15.6% |
| FCF CAGR (5y) | 10.0% | 3.2% | 8.3% | 6.7% | 7.2% | - |
| Book value growth (YoY) | 12.5% | 5.2% | 7.7% | -5.2% | 15.4% | 8.0% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✓Asset turnover improved
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 |