NYSE · Financial Statements

Air Lease Corporation (AL) Financial Statements

$65.00 NYSE: AL Market Cap $7.28B

Air Lease Corporation most recently reported annual revenue of $3.0B, net profit of $1.1B. Revenue grew at an average annual rate of 8.4% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Air Lease Corporation: Revenue rose from $1.4B in 2016 to $3.0B in 2025, a change of +112.5% over 9 years; net profit was positive in 9 of 10 reported years; operating margin moved from 43.1% to 50.5%, a shift of +7.5 percentage points; the most recent year shows net profit of $1.1B.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$1.4B$1.5B$1.7B$2.0B$2.0B$2.1B$2.3B$2.7B$2.7B$3.0B
Operating Expenses$808.0M$877.0M$1.0B$1.2B$2.0B$1.5B$1.6B$1.9B$2.1B$1.5B
Operating Profit$611.0M$639.0M$673.0M$772.0M$0$592.0M$686.0M$741.0M$588.0M$1.5B
Operating Margin43.1%42.1%40.1%38.3%0.0%28.3%29.6%27.6%21.5%50.5%
Other Income$-31.0M$-29.0M$-33.0M$-37.0M$647.0M$-51.0M$-825.0M$13.0M$-55.0M$-154.0M
Interest$31.0M$29.0M$33.0M$37.0M$43.0M$51.0M$53.0M$54.0M$55.0M$891.0M
Depreciation$453.0M$508.0M$582.0M$703.0M$781.0M$883.0M$966.0M$1.1B$1.1B$1.2B
Profit Before Tax$580.0M$610.0M$640.0M$736.0M$647.0M$541.0M$-139.0M$754.0M$533.0M$1.4B
Tax$35.4M$-24.1M$20.2M$20.2M$20.2M$19.3M$30.1M$18.4M$19.8M$20.5M
Net Profit$375.0M$756.0M$511.0M$587.0M$516.0M$437.0M$-97.0M$615.0M$428.0M$1.1B
EPS$3.44$6.82$4.55$5.09$4.39$3.57$-1.24$5.14$3.33$9.29
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricJun '23Sep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26
Revenue$628.0M$615.0M$717.0M$663.0M$667.0M$690.0M$713.0M$738.0M$732.0M$725.0M$820.0M$60.0M
Operating Expenses$323.0M$319.0M$504.0M$515.0M$526.0M$546.0M$559.0M$585.0M$576.0M$588.0M$377.0M$60.0M
Operating Profit$305.0M$296.0M$213.0M$148.0M$141.0M$145.0M$154.0M$154.0M$156.0M$137.0M$444.0M$0
Operating Margin48.5%48.2%29.7%22.4%21.1%20.9%21.6%20.8%21.3%18.9%54.1%0.0%
Interest$14.0M$14.0M$14.0M$13.0M$13.0M$14.0M$14.0M$14.0M$13.0M$13.0M$217.0M$214.0M
Profit Before Tax$164.0M$165.0M$266.0M$135.0M$128.0M$130.0M$140.0M$472.0M$487.0M$185.0M$226.0M$90.0M
Tax$19.2M$19.7M$17.0M$20.3M$19.4M$20.2M$19.3M$20.3M$20.8M$20.8M$20.1M$-28.0M
Net Profit$132.0M$132.0M$221.0M$108.0M$103.0M$104.0M$113.0M$376.0M$385.0M$146.0M$181.0M$115.0M
EPS$1.10$1.10$1.89$0.87$0.81$0.82$0.83$3.26$3.33$1.21$1.51$1.02

Over the 10 years reported for Air Lease Corporation, borrowings increased from $8.7B in 2016 to $19.7B in 2025, cash stood at $466.0M in the latest year, shareholders' equity was $1.0M, current assets covered current liabilities 0.93 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$14.0B$15.6B$18.5B$21.7B$25.2B$27.0B$28.4B$30.5B$32.3B$32.9B
Current Assets$291.0M$308.0M$323.0M$338.0M$1.8B$1.1B$780.0M$464.0M$476.0M$2.2B
Cash$275.0M$292.0M$300.0M$338.0M$1.7B$1.1B$766.0M$461.0M$473.0M$466.0M
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$0$0$0$0$0$0$0$0$0$824.0M
Fixed Assets$13.3B$14.8B$17.5B$20.3B$22.2B$24.4B$25.9B$27.4B$28.9B$30.2B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$25.0M$32.0M$41.0M$56.0M$53.0M$73.0M$65.0M$69.0M$72.0M$549.0M
Other Assets$0$0$0$0$0$0$0$0$0$0
Total Liabilities$10.6B$11.5B$13.7B$16.1B$19.1B$20.0B$21.8B$23.3B$24.7B$24.4B
Current Liabilities$356.0M$414.0M$502.0M$1.9B$635.0M$751.0M$845.0M$1.3B$1.4B$2.4B
Borrowings$8.7B$9.7B$11.5B$13.6B$16.5B$17.0B$18.6B$19.2B$20.2B$19.7B
Other Liabilities$1.9B$1.8B$2.1B$2.5B$2.6B$2.9B$3.1B$4.1B$4.5B$4.7B
Equity$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M
Reserves$3.4B$4.1B$4.8B$5.6B$6.1B$7.0B$6.6B$7.2B$7.5B$8.5B

For Air Lease Corporation, operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was negative at $1.7B; free cash flow was positive in 0 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$1.0B$1.1B$1.3B$1.4B$1.1B$1.4B$1.4B$1.7B$1.7B$1.7B
Investing Cash Flow$-5.0B$-5.1B$-7.2B$-8.7B$-5.2B$-6.3B$-7.0B$-7.3B$-7.6B$-4.7B
Financing Cash Flow$150.0M$171.0M$169.0M$287.0M$28.0M$117.0M$225.0M$366.0M$166.0M$369.0M
Net Cash Flow$118.0M$17.0M$15.0M$15.0M$1.4B$-649.0M$-328.0M$-316.0M$12.0M$-6.0M
Free Cash Flow$-2.0B$-1.9B$-2.5B$-3.4B$-1.6B$-1.9B$-2.3B$-2.8B$-2.9B$-1.7B

Valuation & Return Ratios

MetricValue
PEG Ratio0.38
EV / EBITDA2.83
FCF Yield-21.15%
Quick Ratio0.93
Interest Coverage1.61
Return 1Y—
Return 3Y—
Return 5Y—

Air Lease Corporation (AL) financials — frequently asked questions

What is Air Lease Corporation's annual revenue?

Air Lease Corporation (AL) reported annual revenue of $3.0B in its most recent fiscal year.

What is Air Lease Corporation's net profit?

Air Lease Corporation (AL) reported net profit of $1.1B in its most recent fiscal year.

What is AL EV/EBITDA?

Air Lease Corporation's enterprise value to EBITDA (EV/EBITDA) ratio is 2.83.

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