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Aercap Holdings N.V. (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 $22.8B as of Oct 19, 2026
Price / Sales 2.7x on $8.5B revenue, FY2025
Price / Earnings 6.1x on $3.8B net income, FY2025
Price / Book 1.2x 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 Oct 19, 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 N.V. (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-heavy model converts accounting earnings into cash while gradually reducing leverage, but remains financed chiefly with debt.

Earnings and cash diverged in FY2025: net income jumped 78.7% while operating cash flow edged down 0.8%. That gap means reported earnings accelerated faster than cash generation, consistent with depreciation-heavy economics rather than proportional expansion in cash output.

Gradual deleveraging is visible in debt-to-equity falling from 2.6x to 2.4x without changing the balance sheet’s basic character. Equity also rose 6.6%, so the improvement came from both a larger equity base and lower liabilities.

Revenue expanded 6.5% in FY2025 while operating cash flow slipped 0.8%; growth did not lift cash generation proportionally. Investing cash outflow fell 55.3% to $1.7B, indicating less cash tied up in investing activities than in FY2024, although free cash flow was not reported.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Aercap Holdings N.V. 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 N.V. 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 N.V. 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 N.V. 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 N.V. 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 N.V. 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 N.V. AER FY2025 $8.5B $3.8B 44.0% $22.8B —
FTAI Aviation Ltd. FTAI FY2025 $2.5B $501.1M 20.0% $16.8B 34/100
U-Haul Holding Company UHAL FY2026 $6.0B $83.1M 1.4% $10.9B 22/100
United Rentals, Inc. URI FY2025 $16.1B $2.5B 15.5% $63.8B 52/100
Air Lease Corporation AL FY2025 $3.0B $1.1B 36.1% $7.3B 30/100
GATX Corporation GATX FY2025 $1.7B $333.3M 19.1% $5.8B 14/100

Frequently Asked Questions

What is Aercap Holdings N.V.'s annual revenue?

Aercap Holdings N.V. (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 N.V.'s revenue growing?

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

Is Aercap Holdings N.V. profitable?

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

Aercap Holdings N.V. (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 N.V. (AER) had $1.4B in cash and equivalents against $43.6B in long-term debt.

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

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

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

Aercap Holdings N.V. (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 N.V. (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 N.V. (AER) trades at 6.1x earnings, its market capitalization divided by net income of $3.8B net income, FY2025. The market capitalization is $22.8B as of Oct 19, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Aercap Holdings N.V. (AER) trades at 2.7x sales, its market capitalization divided by revenue of $8.5B revenue, FY2025. The market capitalization is $22.8B as of Oct 19, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Aercap Holdings N.V. (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 N.V. (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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