AerCap Holdings N.V.

Rental & Leasing Services

AERStrained7 of 11 basics passed

$144.72

+1.34%

Market cap $22.8B

$144.72

+1.34%

Market cap $22.8B

AerCap Holdings NV is an aircraft leasing company. Its activities include leasing, financing, sales, and management of commercial aircraft and engines.

It is a $22.8B industrial company. Revenue grew 6.5% over the last year, it keeps 44¢ of every dollar of sales as profit, and it carries $41.1B of net debt. It trades at 6.6× earnings — near the lowest of its own history.

Website: aercap.com
Employees: 668
Sector: Industrials

Share price · 3 years

$61.81 → $144.72+134.1%

price only — dividends excluded

Key facts · FY2025

Revenue: total sales; $8.52B
Profit: keeps 44¢ of every $1 sold; $3.75B
Free cash flow: cash left after running the business; -$307M
Net debt: debt minus cash on hand; $41.1B
P/E: years of profit in the price; 6.6
EPS: earnings per share, FY2025; $21.30
Dividend: pays out 7% of profit; 1.00%
Shares: up 18% since 2021 — dilution; 176.1M
Volatility: beta vs the market — under 1 swings less; 1.01

Revenue, last 5 years

52-week range

Low $119.82$144.72High $155.24

Today's price is 70% of the way from the year's low to its high.

P/E vs its history5y

6.1×median 7.1×

Higher than 7% of past days — near the lowest of its own history.

Valuation vs own history

P/E

6.1×

93%

P/S

2.7×

40%

EV/EBITDA

13.7×

100%

P/B

1.2×

23%

FCF yield

14.9%

36%

Share of the last ~5 years that was pricier than today (in line with its own history). Based on the daily valuation record.

Insider activity · 90 days

-$311Knet selling

Purchases$0

Sales$311K

Insiders trading, last 14d0 buy · 0 sell

Standing in Industrials

Size$22.8Btop 43%
Revenue growth+4%top 44%
Net margin43%top 1%
Return on equity19%top 46%
P/E6.6×top 1%
Dividend yield1.00%top 55%

Ranked against 130 Industrials companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong profitability and quality; Health and Moat lag behind.

Valuation70

P/E vs own history7th pct · 25/25
FCF yield-1.4% · 0/25
P/S2.8x · 20/25
EV/EBITDA9.0x · 25/25

Growth70

Revenue CAGR16.7% · 20/25
Net income CAGR39.1% · 25/25
EPS CAGR ~5Y33.5% · 25/25
Fwd implied growth-16.2% · 0/25

Profitability75

ROIC6.3% · 5/25
ROE18.5% · 20/25
Net margin44.0% · 25/25
Operating margin56.6% · 25/25

Health25

Altman Z1.00 · 3/25
Current ratio1.22 · 12/25
Interest coverage3.1x · 10/25
Net cash / debtD/A 58% · 0/25

Quality75

Piotroski F8/9 · 25/25
Beneish M-2.67 · 25/25
FCF conversion-8% · 0/25
Margin stabilityσ 2.4% · 25/25

Moat25

ROIC >12% years0/5 yrs · 0/25
Median gross margin57.3% · 25/25
FCF-positive years1/5 yrs · 0/25
Worst-year net marginworst -10.4% · 0/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2025Financial
Best year on record
$3.75B net income
FY2021Financial
First recorded profitable year
$1.00B net income
FY2021Financial
Revenue already above $1B
$4.59B in first reported year

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$26 303 today — price return only

$8.5B revenue in FY2025

Revenue up 6.5% year over year

Profitable 3 years in a row

668 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

High gross margin (90.7%)
Strongly profitable — 44.0% net margin
Piotroski F-Score 8/9 — fundamentally strong checklist

Watch-outs

Negative free cash flow (-$307.3M)
Altman Z-Score 1.00 — elevated financial-distress risk
Loss-making in 1 of the recent years

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

7 of 11 checks passed

Revenue growing — the company sells more than a year ago+6.5% YoY
Profitable — makes more than it spends$3.75B FY2025
Profit growing — earnings are higher than last year+78.7% YoY
Generates cash — cash left after running and investing-$307M FY2025
Debt under control — could handle its obligationscurrent ratio 1.22
Established company — not a micro-cap — lower blow-up risk$22.8B market cap
Not printing shares — share count not ballooning — you keep your slice+18.1% shares over ~5y
Proven track record — years of profitability behind it4/5 profitable years
Financially stable — balance sheet not near distressAltman Z 1.0 — distress
Pays a dividend — returns cash to shareholdersyield 1.00%
Valuation not extreme — price not wildly above earningsP/E 6.6

Peer comparisonAerCap Holdings N.V. vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
AER this company	$22.8B	6.6	+6.5%	44.0%	Strained
LRCX Lam Research Corp	$399.2B	54.9	+26.0%	31.3%	Strong
CAT Caterpillar Inc.	$368.0B	33.9	+18.4%	14.5%	Solid
RTX RTX Corporation	$251.3B	32.4	+11.8%	8.3%	Strained
DE Deere & Company	$167.7B	34.4	+8.3%	10.2%	Solid
ETN Eaton Corporation, plc	$167.2B	43.6	+15.5%	12.8%	Mixed
UNP Union Pacific Corp.	$166.8B	22.6	+4.2%	28.8%	Strained

Head-to-head: AER vs LRCX · AER vs CAT · AER vs RTX

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 3Buy 10Hold 2

Appendix · Financial records

The full statements behind this CV, FY2021–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $8.52B · net income $3.75B (FY2025)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (FY2025)

$8.52B

YoY 6.5%

Net income (FY2025)

$3.75B

Margin 44.0%

Gross margin

90.7%

Operating margin

56.6%

P/E ratio

6.6

Dividend yield

1.00%

Income statement — full detail

Figures in USD billions · EPS in USD

	2021	2022	2023	2024	2025
Revenue	4.6	7.0	7.6	8.0	8.5
Gross profit	2.5	3.8	4.3	4.6	5.2
Operating income (EBIT)	2.2	3.4	3.9	4.1	4.7
Net income	1.0	-0.7	3.1	2.1	3.8
EPS (diluted)	6.71	-3.67	13.78	10.79	21.30

Cash flowFree cash flow -$307M · operating cash flow $5.62B (FY2025)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (FY2025)

-$307M

Margin -3.6%

Operating cash flow (FY2025)

$5.62B

FY basis

FCF margin

-3.6%

Cash flow statement — full detail

Figures in USD billions

	2021	2022	2023	2024	2025
Operating cash flow	5.2	5.3	5.4	5.4	5.6
Capital expenditure	-3.9	-6.2	-6.6	-6.1	-5.9
Free cash flow	1.3	-1.0	-1.2	-0.7	-0.3
FCF margin	28.3%	-13.8%	-15.6%	-8.5%	-3.6%

Balance sheetAssets $71.2B · net debt $41.1B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $71.2B of assets is financed

74%

26%

Liabilities $52.8B — borrowed moneyEquity $18.4B — owners' stake

Cash vs debt

Total debt $42.8B − cash $1.72B = net debt $41.1B

Cash on hand covers 4% of debt.

Altman Z-Score

1.00

Distress zone

Interest coverage

3.1x

EBIT ÷ interest expense

ROE

18.5%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2021	2022	2023	2024	2025
Cash & equivalents	1.8	1.8	1.3	1.4	1.7
Total assets	69.7	71.3	71.4	71.7	71.2
Total liabilities	53.5	54.7	54.3	53.3	52.8
Total debt	46.7	46.7	45.4	43.7	42.8
Equity	16.2	16.6	17.2	18.3	18.4
Net debt	44.9	44.9	44.1	42.3	41.1

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of AER on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $144.72 · market cap $22.8B.