Aercap Holdings Nv Financials

AER

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

Financial Health Signals

Piotroski F-Score Strong

7/9

Aercap Holdings Nv passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.44x

For every $1 of reported earnings, Aercap Holdings Nv generates $1.44 in operating cash flow ($5.4B OCF vs $3.8B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

This page shows Aercap Holdings Nv (AER) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$8.5B

YoY+6.5%

5Y CAGR+13.6%

10Y CAGR+4.9%

Aercap Holdings Nv generated $8.5B in revenue in fiscal year 2025. This represents an increase of 6.5% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$3.8B

YoY+78.7%

10Y CAGR+12.3%

Aercap Holdings Nv reported $3.8B in net income in fiscal year 2025. This represents an increase of 78.7% from the prior year.

EPS (Diluted)

$21.30

YoY+97.4%

10Y CAGR+14.1%

Aercap Holdings Nv earned $21.30 per diluted share (EPS) in fiscal year 2025. This represents an increase of 97.4% from the prior year.

Cash & Debt

$1.4B

YoY+14.1%

5Y CAGR+2.0%

10Y CAGR-5.4%

Aercap Holdings Nv held $1.4B in cash against $43.6B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

167M

YoY-10.7%

5Y CAGR+5.1%

10Y CAGR-1.8%

Aercap Holdings Nv had 167M shares outstanding in fiscal year 2025. This represents a decrease of 10.7% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

44.0%

YoY+17.8pp

5Y CAGR+50.7pp

10Y CAGR+21.8pp

Aercap Holdings Nv's net profit margin was 44.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 17.8 percentage points from the prior year.

Return on Equity

20.5%

YoY+8.3pp

10Y CAGR+6.3pp

Aercap Holdings Nv's ROE was 20.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 8.3 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

AER Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$8.5B+6.5%	$8.0B+5.5%	$7.6B+8.1%	$7.0B+34.3%	$5.2B+16.3%	$4.5B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$545.9M+11.7%	$488.9M+5.3%	$464.1M+16.2%	$399.5M+25.7%	$317.9M+31.3%	$242.2M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$2.0B-0.4%	$2.0B+10.2%	$1.8B+13.5%	$1.6B+29.4%	$1.2B-1.4%	$1.2B
Income Tax	$555.2M+71.5%	$323.7M+11.2%	$291.1M+277.4%	-$164.1M-201.0%	$162.5M+1043.3%	-$17.2M
Net Income	$3.8B+78.7%	$2.1B-33.1%	$3.1B+531.9%	-$726.0M-172.6%	$1.0B+435.1%	-$298.6M
EPS (Diluted)	$21.30+97.4%	$10.79-21.7%	$13.78+556.3%	$-3.02-145.0%	$6.71+386.8%	$-2.34

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Revenue	N/A	$1.9B	N/A	$2.0B	N/A	$1.9B	N/A	$1.7B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$170.8M	N/A	$125.3M	N/A	$119.7M	N/A	$104.9M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	$518.9M	N/A	$478.3M	N/A	$427.4M	N/A	$400.0M
Income Tax	N/A	$168.4M	N/A	$76.3M	N/A	$75.7M	N/A	$50.0M
Net Income	N/A	$1.3B	N/A	$448.2M	N/A	$492.9M	N/A	$339.8M
EPS (Diluted)	N/A	$7.09	N/A	$2.28	N/A	$2.12	N/A	$1.40

AER Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$71.7B+0.3%	$71.4B+0.2%	$71.3B+2.2%	$69.7B-6.5%	$74.6B+77.3%	$42.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.4B+14.1%	$1.2B-25.7%	$1.6B+1.9%	$1.6B-7.6%	$1.7B+38.4%	$1.2B
Inventory	$112.4M+23.7%	$90.9M+6.1%	$85.7M+53.3%	$55.9M+15.0%	$48.6M	$0
Accounts Receivable	$48.5M-28.8%	$68.1M-7.6%	$73.7M-44.3%	$132.2M-27.1%	$181.5M+6.3%	$170.7M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$53.3B-1.7%	$54.3B-0.8%	$54.7B+2.2%	$53.5B-7.6%	$57.9B+74.9%	$33.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$43.6B-3.8%	$45.3B-2.6%	$46.5B-0.1%	$46.5B-7.3%	$50.2B+74.7%	$28.7B
Total Equity	$18.3B+6.6%	$17.2B+3.6%	$16.6B+2.9%	$16.1B-2.7%	$16.6B+86.9%	$8.9B
Retained Earnings	$16.3B+27.9%	$12.8B+18.1%	$10.8B+40.8%	$7.7B-8.7%	$8.4B+13.7%	$7.4B

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Total Assets	$71.7B-2.7%	$73.6B+3.1%	$71.4B+0.5%	$71.1B-0.2%	$71.3B+1.9%	$69.9B+0.3%	$69.7B0.0%	$69.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.4B-48.8%	$2.7B+123.0%	$1.2B-15.8%	$1.4B-11.7%	$1.6B+41.0%	$1.2B-27.8%	$1.6B+30.0%	$1.2B
Inventory	$112.4M-3.2%	$116.2M+27.8%	$90.9M+45.5%	$62.5M-27.0%	$85.7M+18.0%	$72.6M+29.9%	$55.9M+4.5%	$53.4M
Accounts Receivable	$48.5M-10.5%	$54.2M-20.4%	$68.1M+37.5%	$49.5M-32.8%	$73.7M+16.9%	$63.0M-52.4%	$132.2M+5.2%	$125.6M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$53.3B-4.2%	$55.7B+2.6%	$54.3B+0.3%	$54.1B-1.1%	$54.7B+2.1%	$53.5B0.0%	$53.5B-2.0%	$54.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$43.6B-5.5%	$46.1B+1.8%	$45.3B-0.9%	$45.7B-1.7%	$46.5B+0.5%	$46.3B-0.6%	$46.5B-2.9%	$47.9B
Total Equity	$18.3B+2.1%	$17.9B+4.4%	$17.2B+1.0%	$17.0B+2.6%	$16.6B+1.7%	$16.3B+1.2%	$16.1B+7.2%	$15.0B
Retained Earnings	$16.3B+12.1%	$14.6B+14.2%	$12.8B+8.1%	$11.8B+9.3%	$10.8B+25.6%	$8.6B+12.0%	$7.7B+13.8%	$6.7B

AER Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$5.4B-0.8%	$5.4B+3.3%	$5.3B+1.7%	$5.2B+40.0%	$3.7B+73.4%	$2.1B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$1.7B+55.3%	-$3.7B-17.0%	-$3.2B-47.3%	-$2.2B+90.8%	-$23.5B-3193.5%	-$712.3M
Financing Cash Flow	-$3.7B-71.3%	-$2.1B-6.0%	-$2.0B+36.4%	-$3.2B-115.7%	$20.2B+1747.2%	-$1.2B
Dividends Paid	$192.4M+37.5%	$140.0M	$0	$0	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

AER Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	44.0%+17.8pp	26.2%-15.1pp	41.4%+51.7pp	-10.3%-29.5pp	19.1%+25.8pp	-6.6%
Return on Equity	20.5%+8.3pp	12.2%-6.7pp	18.9%	N/A	6.0%	N/A
Return on Assets	5.2%+2.3pp	2.9%-1.5pp	4.4%+5.4pp	-1.0%-2.4pp	1.3%+2.1pp	-0.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.38-0.3	2.64-0.2	2.80-0.1	2.89-0.1	3.03-0.2	3.24
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	66.7%	N/A	22.9%	N/A	25.6%	N/A	20.3%
Return on Equity	N/A	7.0%	N/A	2.6%	N/A	3.0%	N/A	2.3%
Return on Assets	N/A	1.7%	N/A	0.6%	N/A	0.7%	N/A	0.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.38-0.2	2.57-0.1	2.64-0.0	2.69-0.1	2.80-0.0	2.84-0.1	2.89-0.3	3.19
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Aercap Holdings Nv's annual revenue?

Aercap Holdings Nv (AER) reported $8.5B in total revenue for fiscal year 2025. This represents a 6.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Aercap Holdings Nv's revenue growing?

Aercap Holdings Nv (AER) revenue grew by 6.5% year-over-year, from $8.0B to $8.5B in fiscal year 2025.

Is Aercap Holdings Nv profitable?

Yes, Aercap Holdings Nv (AER) reported a net income of $3.8B in fiscal year 2025, with a net profit margin of 44.0%.

What is Aercap Holdings Nv's earnings per share (EPS)?

Aercap Holdings Nv (AER) reported diluted earnings per share of $21.30 for fiscal year 2025. This represents a 97.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Aercap Holdings Nv have?

As of fiscal year 2025, Aercap Holdings Nv (AER) had $1.4B in cash and equivalents against $43.6B in long-term debt.

What is Aercap Holdings Nv's net profit margin?

Aercap Holdings Nv (AER) had a net profit margin of 44.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Aercap Holdings Nv's return on equity (ROE)?

Aercap Holdings Nv (AER) has a return on equity of 20.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Aercap Holdings Nv's operating cash flow?

Aercap Holdings Nv (AER) generated $5.4B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Aercap Holdings Nv's total assets?

Aercap Holdings Nv (AER) had $71.7B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Aercap Holdings Nv have outstanding?

Aercap Holdings Nv (AER) had 167M shares outstanding as of fiscal year 2025.

What is Aercap Holdings Nv's debt-to-equity ratio?

Aercap Holdings Nv (AER) had a debt-to-equity ratio of 2.38 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Aercap Holdings Nv's return on assets (ROA)?

Aercap Holdings Nv (AER) had a return on assets of 5.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Aercap Holdings Nv's Piotroski F-Score?

Aercap Holdings Nv (AER) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Aercap Holdings Nv's earnings high quality?

Aercap Holdings Nv (AER) has an earnings quality ratio of 1.44x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.