Start here if you're new
what it is
AerSale helps older commercial planes stay flying, then sells the parts when they retire.
how it gets paid
Last year Aersale made $335M in revenue. Asset Management Solutions was the main engine at $190M, or 57% of sales.
why growth slowed
Revenue fell 2.8% last year. 30.6% gross margin mattered because it shows the business kept 30.6 cents of each sales dollar after direct costs.
what just happened
AerSale reported $244M in quarterly revenue, with $0.06 EPS and 30.6% gross margin.
At a glance
C++ balance sheet — some cracks in the foundation
58.2x trailing p/e — you're paying up for this one
1.8% return on capital — nothing to write home about
$0.11 fy2024 eps est
$345M fy2024 rev est
xvary composite: 41/100 — below average
What they do
AerSale helps older commercial planes stay flying, then sells the parts when they retire.
If your fleet is aging, AerSale is the fixer. It serves operators who do not have the staff or tools to keep older jets alive. Gross margin, the money left after direct costs, was 30.6% last quarter. Operating margin, the money left after running the business, was 7.7%. That 22.9-point gap says overhead eats a lot of the take.
How they make money
$335M
annual revenue · their business grew -2.8% last year
Asset Management Solutions
$190M
+0.0%
TechOps
$110M
+0.0%
Used Serviceable Material
$35M
2.8%
The products that matter
sells and leases used aircraft
Asset Management
$186M · 55.5% of revenue
it's the biggest segment at $186M, but revenue fell 2.8%. when your largest business shrinks, the turnaround math gets harder.
core but volatile
maintenance, repair, and overhaul
TechOps
$119M · +47.3% growth
this $119M segment grew 47.3%, and gross margin improved to 25.6% from 16.6%. that's the part of the story actually getting better.
margin driver
faa-certified safety modifications
AerSafe
$50M+ target by 2026
management is targeting $50M+ in annualized revenue by 2026, but it is not yet a material enough contributor to carry a $345M company on its own.
proof pending
Key numbers
$335M
ttm revenue
That is the size of the whole pie. A 2.8% decline means the pie got smaller, not prettier.
58.2x
trailing p/e
You are paying 58.2 dollars for a dollar of earnings. That is expensive for a business with 7.7% operating margin.
7.7%
operating margin
Only 7.7 cents of each sales dollar survives running the business.
1.8%
return on capital
The business gets 1.8 cents back for each dollar tied up. That is a weak pull for your money.
Financial health
C++
strength
- balance sheet grade C++ — below average — limited financial resources
- risk rank 3 — safer than 50% of stocks
- price stability 20 / 100
- long-term debt $152M (34% of capital)
C++ — below average. watch for debt servicing and cash burn.
Total return vs. market
Return history isn't available for ASLE right now.
source: institutional data · return history unavailable
What just happened
missed estimates
AerSale reported $244M in quarterly revenue, with $0.06 EPS and 30.6% gross margin.
The SEC filing shows a huge vs. prior year revenue jump from a small base. The margin line matters more than the top line here.
$244.0M
revenue
$0.06
eps
30.6%
gross margin
the number that mattered
30.6% gross margin mattered because it shows the business kept 30.6 cents of each sales dollar after direct costs.
source: company earnings report, 2026
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What could go wrong
the #1 risk here is turnaround execution in a used-aircraft and MRO business that still has declining core revenue.
high
Asset Management stays weak
Asset Management is 55.5% of revenue at $186M, and it fell 2.8%. if aircraft sales and leasing activity stay soft, the biggest part of the company keeps working against the turnaround.
More than half of revenue remains tied to the most volatile part of the model.
high
valuation leaves no cushion
the stock trades at 58.2x trailing earnings while return on capital is 1.8%. that's a premium multiple on subpar economics.
If the turnaround slips, the multiple can compress before the business improves.
med
balance sheet pressure
AerSale carries $152M in long-term debt, equal to 34% of capital, while operating cash flow is negative.
That limits flexibility if aircraft transactions slow or new programs take longer to scale.
med
AerSafe stays a promise, not a segment
management is targeting $50M+ in annualized revenue by 2026, but AerSafe is not yet a material contributor in the current mix.
If adoption slips, investors are left with the old business mix and the same old cyclicality.
You own a company with $152M of debt, negative operating cash flow, and a core segment that still makes up 55.5% of revenue while shrinking.
source: institutional data · regulatory filings · risk analysis
Pay attention to
earnings
Q1 2026 earnings report
scheduled for May 13, 2026. you need to see whether companywide revenue turns positive, not just a better margin line in one segment.
segment mix
TechOps versus Asset Management
TechOps grew 47.3%, but Asset Management is still larger at 55.5% of revenue. the smaller engine has to keep gaining weight.
cash
operating cash flow
negative operating cash flow and $152M of debt are a bad combination. one clean quarter would matter more than another presentation slide.
execution
AerSafe commercial traction
the target is $50M+ in annualized revenue by 2026. contract wins and real adoption are the difference between optionality and storytelling.
Analyst rankings
overall read
mixed
the snapshot data points to a below-average setup: expensive valuation, weak returns, and a turnaround that still needs evidence.
coverage depth
thin
in human-speak, this is not a stock with a big consensus safety net. you need to lean on operating results more than analyst comfort.
what matters
execution
if revenue turns up and cash flow improves, the story gets cleaner. if not, the current multiple looks like wishful thinking.
source: institutional data
Institutional activity
institutional ownership data for ASLE is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$8
current price
n/a
target midpoint · n/a from current
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