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Aercap Holdings Nv (AER) Financials

AER
FY2025 annual
Revenue $8.5B +6.5% YoY
Net Income $3.8B +78.7% YoY
EPS (Diluted) $21.30 +97.4% YoY
Operating Cash Flow $5.4B -0.8% YoY
Market Cap $23.0B as of Sep 4, 2026
Price / Sales 2.7x on $8.5B revenue, FY2025
Price / Earnings 6.1x on $3.8B net income, FY2025
Price / Book 1.3x on $18.3B equity, Q4 FY2025

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 4, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Currency USD FYE December

Newest figures come from the 20-F for FY2025, filed Feb 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AER SEC filings page.

Aercap Holdings Nv (AER) reported $8.5B in revenue for fiscal year 2025, up 6.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI AER FY2025

AerCap’s asset-finance model pairs recurring operating cash generation with gradual deleveraging, while reported profit remains unusually volatile.

The key earnings-quality split is that FY2025 net income rose to $3.8B from $2.1B. Operating cash flow edged down to $5.4B despite that profit increase, indicating cash conversion lagged the rebound in accounting earnings rather than strengthening alongside it.

AerCap remains debt-led: debt-to-equity was 2.4x in FY2025, down from 2.6x in FY2024. With total assets nearly unchanged while liabilities fell and equity increased, deleveraging reflects a financing shift rather than rapid asset expansion.

The sharp rise in per-share earnings also has a denominator effect: FY2025 EPS reached $21.30 while shares outstanding fell 10.6% from FY2024. Meanwhile, margin volatility took net margin from 26.2% to 44.0%, showing earnings moved more dramatically than the relatively steady revenue trend.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Aercap Holdings Nv does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
7/7

Aercap Holdings Nv passes 7 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 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.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt
$1.4B
YoY+14.1%
QoQ-48.8%
5Y CAGR+36.1%

Aercap Holdings Nv held $1.4B in cash against $43.6B in long-term debt as of Q4 2025.

Dividends Per Share
$0.27
YoY+8.0%
QoQ0.0%

Aercap Holdings Nv paid $0.27 per share in dividends in Q4 2025. This represents an increase of 8.0% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding
167M
YoY-10.7%
QoQ-6.4%

Aercap Holdings Nv had 167M shares outstanding in Q4 2025. This represents a decrease of 10.7% from the same quarter a year earlier. Against the prior quarter it is down 6.4%.

Free Cash Flow

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

None of these metrics is reported for Q4 2025.

AER Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AER quarterly income statement
MetricQ4'2520-FQ2'256-KQ4'2420-FQ2'246-KQ4'2310-KQ2'2310-QQ4'2210-KQ2'2210-Q
RevenueN/A$1.9B-3.6%N/A$2.0B+1.8%N/A$1.9B+15.2%N/A$1.7B+35.6%
SG&A ExpensesN/A$170.8M+36.3%N/A$125.3M+4.7%N/A$119.7M+14.2%N/A$104.9M+43.5%
Interest ExpenseN/A$518.9M+8.5%N/A$478.3M+11.9%N/A$427.4M+6.8%N/A$400.0M+36.6%
Income TaxN/A$168.4M+120.5%N/A$76.3M+0.8%N/A$75.7M+51.4%N/A$50.0M+23.5%
Net IncomeN/A$1.3B+181.0%N/A$448.2M-9.1%N/A$492.9M+45.0%N/A$339.8M+36.1%
EPS (Basic)N/A$7.24+210.7%N/A$2.33+9.4%N/A$2.13+51.1%N/A$1.41-27.7%
EPS (Diluted)N/A$7.09+211.0%N/A$2.28+7.5%N/A$2.12+51.4%N/A$1.40
Diluted Shares (Avg)N/A178M-9.8%N/A197M-15.5%N/A233M-3.9%N/A242M

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

AER Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AER quarterly balance sheet
MetricQ4'2520-FQ2'256-KQ4'2420-FQ2'246-KQ4'2310-KQ2'2310-QQ4'2210-KQ2'2210-Q
Total Assets$71.7B+0.3%$73.6B+3.6%$71.4B+0.2%$71.1B+1.7%$71.3B+2.2%$69.9B+0.3%$69.7B-6.5%$69.7B+66.8%
Cash & Equivalents$1.4B+14.1%$2.7B+87.7%$1.2B-25.7%$1.4B+24.4%$1.6B+1.9%$1.2B-6.1%$1.6B-7.6%$1.2B-12.4%
Short-Term Investments$0$0$0$0$0$0$0$0
Inventory$112.4M+23.7%$116.2M+85.8%$90.9M+6.1%$62.5M-13.9%$85.7M+53.3%$72.6M+35.8%$55.9M+15.0%$53.4M
Accounts Receivable$48.5M-28.8%$54.2M+9.4%$68.1M-7.6%$49.5M-21.4%$73.7M-44.3%$63.0M-49.9%$132.2M-27.1%$125.6M-16.5%
Long-Term Investments$0$0$0$0$0$0$0$0
Total Liabilities$53.3B-1.7%$55.7B+3.0%$54.3B-0.8%$54.1B+1.0%$54.7B+2.2%$53.5B-2.0%$53.5B-7.6%$54.6B+68.8%
Long-Term Debt$43.6B-3.8%$46.1B+0.9%$45.3B-2.6%$45.7B-1.2%$46.5B-0.1%$46.3B-3.5%$46.5B-7.3%$47.9B+70.6%
Total Equity$18.3B+6.6%$17.9B+5.5%$17.2B+3.6%$17.0B+4.3%$16.6B+2.9%$16.3B+8.5%$16.1B-2.7%$15.0B+60.2%
Retained Earnings$16.3B+27.9%$14.6B+23.4%$12.8B+18.1%$11.8B+37.3%$10.8B+40.8%$8.6B+27.5%$7.7B-8.7%$6.7B-14.5%

Not reported in any period shown, so not listed: Current Assets, Goodwill, Current Liabilities, Non-Current Liabilities.

AER Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AER quarterly cash flow statement
MetricQ4'2520-FQ2'256-KQ4'2420-FQ2'246-KQ4'2310-KQ2'2310-QQ4'2210-KQ2'2210-Q
Depreciation & AmortizationN/A$668.9M+5.1%N/A$636.4M+3.4%N/A$615.6M+6.0%N/A$580.7M+48.1%
Stock-Based CompensationN/A$73.0M+125.9%N/A$32.3M+48.1%N/A$21.8M-18.9%N/A$26.9M+3.1%

Not reported in any period shown, so not listed: Operating Cash Flow, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

AER Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AER quarterly financial ratios
MetricQ4'2520-FQ2'256-KQ4'2420-FQ2'246-KQ4'2310-KQ2'2310-QQ4'2210-KQ2'2210-Q
Net MarginN/A66.7%+43.9ppN/A22.9%-2.7ppN/A25.6%+5.3ppN/A20.3%+0.1pp
Return on EquityN/A7.0%+4.4ppN/A2.6%-0.4ppN/A3.0%+0.8ppN/A2.3%-0.4pp
Return on AssetsN/A1.7%+1.1ppN/A0.6%-0.1ppN/A0.7%+0.2ppN/A0.5%-0.1pp
Debt-to-Equity2.38-0.3x2.57-0.1x2.64-0.2x2.69-0.2x2.80-0.1x2.84-0.4x2.89-0.1x3.19+0.2x
Asset TurnoverN/A0.030.0xN/A0.030.0xN/A0.030.0xN/A0.020.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Aercap Holdings Nv AER FY2025 $8.5B $3.8B 44.0% $23.0B
FTAI Aviation Ltd FTAI FY2025 $2.5B $501.1M 20.0% $19.1B 34/100
U-Haul Holding Company UHAL FY2026 $6.0B $83.1M 1.4% $12.9B 22/100
United Rental URI FY2025 $16.1B $2.5B 15.5% $61.0B 52/100
Air Lease Corp AL FY2025 $3.0B $1.1B 36.1% $7.3B 30/100
Gatx Corp GATX FY2025 $1.7B $333.3M 19.1% $6.2B 14/100

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%.

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.

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

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.

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.

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

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

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

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.

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.

Aercap Holdings Nv (AER) trades at 6.1x earnings, its market capitalization divided by net income of $3.8B net income, FY2025. The market capitalization is $23.0B as of Sep 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Aercap Holdings Nv (AER) trades at 2.7x sales, its market capitalization divided by revenue of $8.5B revenue, FY2025. The market capitalization is $23.0B as of Sep 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Aercap Holdings Nv (AER) has a Piotroski F-Score of 7 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

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.

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