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AER

AerCap Holdings N.V.

AER

AerCap Holdings N.V. • NYSE
$134.00 ▲ 0.71% (+0.94)
Market Cap $23.73 B
52w High $138.34
52w Low $85.57
Dividend Yield 1.08%
P/E 6.4
Volume 482.04K
Outstanding Shares 177.11M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.894B ▲ $128.887M ▼ $1.216B ▼ 64.206% ▼ $7.09 ▼ $1.928B ▲
Q2-2025 $1.887B ▼ $170.83M ▲ $1.259B ▲ 66.74% ▲ $7.24 ▲ $1.103B ▼
Q1-2025 $2.077B ▲ $113.101M ▼ $642.86M ▼ 30.951% ▼ $3.58 ▼ $1.231B ▲
Q4-2024 $2.072B ▲ $122.984M ▲ $671.218M ▲ 32.39% ▲ $3.69 ▲ $1.086B ▲
Q3-2024 $1.948B $121.307M $375.034M 19.251% $2 $906.85M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.814B ▼ $71.938B ▼ $53.789B ▼ $18.149B ▲
Q2-2025 $2.696B ▲ $73.634B ▲ $55.687B ▲ $17.947B ▲
Q1-2025 $1.057B ▼ $72.555B ▲ $55.363B ▲ $17.192B ▲
Q4-2024 $1.209B ▼ $71.442B ▼ $54.257B ▼ $17.185B ▲
Q3-2024 $3.755B $73.825B $57.072B $16.752B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.216B ▼ $1.595B ▲ $566.5M ▼ $-3.127B ▼ $-933.699M ▼ $504.777M ▼
Q2-2025 $1.259B ▲ $1.331B ▼ $706.175M ▲ $-460.612M ▼ $1.577B ▲ $861.332M ▲
Q1-2025 $642.861M ▼ $1.335B ▲ $-2.005B ▼ $534.528M ▲ $-132.289M ▲ $-1.166B ▼
Q4-2024 $671.219M ▲ $1.284B ▼ $-659.198M ▲ $-3.173B ▼ $-2.553B ▼ $-343.484M ▲
Q3-2024 $375.034M $1.368B $-1.373B $2.344B $2.342B $-365.909M

Revenue by Products

Product Q2-2022Q4-2022Q2-2023Q4-2023
Management Service
Management Service
 $10.00M ▲$30.00M ▲$10.00M ▼$30.00M ▲

Five-Year Company Overview

Income Statement

Income Statement AerCap’s revenue has grown solidly over the past five years, helped by scale, the GECAS acquisition, and a strong recovery in air travel. Underlying operating profitability looks consistently healthy, with good margins for a capital‑intensive leasing business. The main volatility shows up at the bottom line: losses in some years and very strong profits in others, largely driven by one‑off items, asset sales, and impairment or insurance effects rather than core leasing weakness. Overall, the earnings profile is profitable but uneven, with results sensitive to aircraft values, credit events with airlines, and deal activity.

Balance Sheet

Balance Sheet The balance sheet is very large and heavily asset‑based, reflecting ownership of a massive aircraft fleet and related equipment. Debt levels are high but have been edging down relative to total assets, while shareholder equity has been steadily building, which points to gradual de‑risking and retained profits. Cash on hand is modest compared with total obligations, so AerCap depends on continued access to capital markets and bank funding, which is normal for this industry but still a structural risk. The mix of long‑lived assets and long‑term funding means the company is exposed to changes in interest rates, aircraft values, and airline credit quality over long time horizons.

Cash Flow

Cash Flow Operating cash flow is strong and has been climbing, showing that the core leasing business generates substantial, recurring cash from long‑term contracts. Free cash flow has recently turned negative, not because the business is weak, but because AerCap is spending heavily on new aircraft and engines to refresh and grow its fleet. This reinvestment ties up cash in the near term but is aimed at positioning the portfolio toward newer, more efficient models that should be more attractive to airlines. The cash profile is therefore robust operationally but highly dependent on timing of large capital spending and ongoing financing access.

Competitive Edge

Competitive Edge AerCap is the clear scale leader in global aircraft leasing, with a fleet and customer base that few, if any, rivals can match. Its size gives it bargaining power with manufacturers, better delivery slots, and broad diversification across airlines, regions, and aircraft types. Deep, long‑standing relationships with hundreds of customers and an investment‑grade balance sheet make it a preferred partner for complex, large transactions. This combination of scale, diversification, and financial strength creates a wide competitive moat, though the company still faces cyclical airline risk and competition from other lessors and capital providers.

Innovation and R&D

Innovation and R&D While AerCap is not a traditional R&D‑driven company, it is quite innovative in how it manages assets and data. It uses advanced software, digital platforms, and AI‑driven analytics to evaluate routes, optimize aircraft choices, cut maintenance costs, and streamline complex documentation. The company is aggressively shifting its portfolio toward newer, more fuel‑efficient aircraft and expanding in engines and related services, aligning with airlines’ push for lower operating costs and better environmental performance. These initiatives are more about smart technology adoption and fleet strategy than pure research spend, but they meaningfully reinforce AerCap’s edge and future relevance.

Summary

AerCap combines a strong, cash‑generative core business with a very large and modernizing fleet, anchored by a dominant competitive position in aircraft leasing. Financial results show solid underlying profitability but with swings in reported earnings due to one‑off events and asset‑related adjustments. The balance sheet is sizable and leveraged, typical for the sector, with gradual strengthening of equity but ongoing reliance on capital markets. Heavy investment in new‑technology aircraft, engines, and digital tools supports its long‑term positioning but keeps capital needs high. Key watch points include airline credit health, aircraft supply‑demand dynamics, interest rates, and AerCap’s continued ability to fund growth on attractive terms.

NEWS

November 18, 2025 · 2:00 AM UTC

AerCap Signs Lease Agreements for Three New Boeing 737 MAX Aircraft and Two Boeing 737NG Aircraft with New Customer FlySafair

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October 29, 2025 · 12:59 PM UTC

AerCap Holdings N.V. Announces Filing of Interim Financial Report for the Third Quarter of 2025

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October 29, 2025 · 7:00 AM UTC

AerCap Holdings N.V. Reports Record Financial Results for Third Quarter 2025 and Raises EPS Guidance

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October 15, 2025 · 7:00 AM UTC

AerCap to Provide GE Aerospace with Lease Pool Management Services for GE9X Engine

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October 3, 2025 · 8:00 AM UTC

AerCap Holdings N.V. To Release Third Quarter 2025 Financial Results on October 29, 2025

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