Newest figures come from the 10-Q for Q1 FY2027, filed Jul 9, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AYR SEC filings page.
Aircastle (AYR) reported $950.8M in revenue over the twelve months to May 31, 2026, up 8.6% from the prior twelve months. 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).
AYR’s dominant mechanic is improving reported profitability while a debt-heavy, asset-intensive balance sheet still requires external capital.
From FY2024 to FY2026, net margin rose from9.7% to19.9% , but operating cash flow increased only from$370M to$483M while net income more than doubled. Operating cash flow still exceeded earnings, yet the conversion ratio narrowed from 4.4x to 2.5x, indicating that non-cash support such as depreciation became less dominant relative to reported profit.
With assets equal to roughly 9.2x revenue and return on assets at only
As revenue rebounded from FY2025 to FY2026, selling, general and administrative expense rose only
Financial Health Signals
Aircastle 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.
Aircastle passes 6 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), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Aircastle generates $2.49 in operating cash flow ($483.1M OCF vs $194.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Aircastle generated $235.5M in revenue in Q1 2027. This represents a decrease of 9.4% from the same quarter a year earlier. Against the prior quarter it is down 6.3%.
Aircastle reported $33.6M in net income in Q1 2027. This represents a decrease of 31.8% from the same quarter a year earlier. Against the prior quarter it is down 40.9%.
Not reported for Q1 2027.
Not reported for Q1 2027.
Cash & Balance Sheet
Aircastle held $440.9M in cash against $5.4B in long-term debt as of Q1 2027.
Not reported for Q1 2027.
Not reported for Q1 2027.
Margins & Returns
Aircastle's net profit margin was 14.3% in Q1 2027, showing the share of revenue converted to profit. This is down 4.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.3 percentage points.
Aircastle's ROE was 1.3% in Q1 2027, measuring profit generated per dollar of shareholder equity. This is down 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.8 percentage points.
Not reported for Q1 2027.
Not reported for Q1 2027.
Capital Allocation
None of these metrics is reported for Q1 2027.
AYR 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.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $235.5M-9.4% | $251.3M+22.3% | $236.4M+22.1% | $227.5M+5.0% | $259.8M+26.6% | $205.6M-10.7% | $193.6M-18.9% | $216.7M+29.0% |
| SG&A Expenses | $21.6M+4.3% | $23.5M-9.0% | $21.0M+14.2% | $24.2M+20.7% | $20.7M-6.2% | $25.8M+8.1% | $18.4M-0.4% | $20.1M+6.4% |
| Interest Expense | $73.2M+3.5% | $72.0M+10.6% | $73.4M+15.1% | $73.3M+11.0% | $70.7M+6.9% | $65.1M+4.6% | $63.7M+4.4% | $66.0M+5.7% |
| Income Tax | $7.5M-40.8% | $5.3M+5.3% | $5.6M+30.3% | $5.2M-42.1% | $12.7M+256.1% | $5.1M-36.5% | $4.3M-28.9% | $9.0M+277.1% |
| Net Income | $33.6M-31.8% | $56.8M-6.5% | $30.7M+69.6% | $57.2M+99.7% | $49.3M+206.5% | $60.8M+106.8% | $18.1M-29.4% | $28.7M+419.4% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
AYR 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.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.2B+6.2% | $9.0B+5.6% | $9.0B+13.7% | $8.9B+13.4% | $8.6B+10.4% | $8.5B+10.8% | $7.9B+8.8% | $7.8B-0.2% |
| Cash & Equivalents | $440.9M+97.5% | $179.9M-35.5% | $138.6M-73.5% | $147.3M-65.9% | $223.2M+35.6% | $279.1M+114.7% | $523.8M+394.9% | $432.6M-40.5% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $21.5M+77.1% | $18.2M+88.8% | $9.0M-45.1% | $12.1M-5.2% | $12.1M+29.4% | $9.7M-22.8% | $16.4M+26.1% | $12.8M+8.9% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $6.6B+7.6% | $6.3B+5.6% | $6.4B+17.4% | $6.3B+17.3% | $6.1B+7.3% | $6.0B+7.9% | $5.5B+5.2% | $5.4B-6.8% |
| Long-Term Debt | $5.4B+7.3% | $5.3B+6.0% | $5.3B+18.9% | $5.2B+17.7% | $5.0B+6.4% | $5.0B+5.5% | $4.5B+2.9% | $4.5B-9.1% |
| Total Equity | $2.6B+2.8% | $2.7B+5.6% | $2.6B+5.4% | $2.6B+5.0% | $2.5B+18.3% | $2.5B+18.4% | $2.5B+17.6% | $2.5B+18.1% |
| Retained Earnings | $236.0M+42.9% | $288.9M+97.0% | $242.5M+126.0% | $211.8M+137.4% | $165.1M+132.3% | $146.6M+166.6% | $107.3M+197.2% | $89.2M+752.2% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Goodwill, Current Liabilities, Non-Current Liabilities.
AYR 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.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $97.7M-23.6% | $115.8M+19.4% | $148.6M-8.4% | $90.8M+56.8% | $127.9M-13.0% | $97.0M+58.5% | $162.2M+32.2% | $57.9M-32.6% |
| Depreciation & Amortization | $92.8M-3.1% | $95.4M+4.8% | $96.1M+9.6% | $96.8M+10.4% | $95.8M+7.2% | $91.0M+5.3% | $87.6M+1.1% | $87.7M+1.6% |
| Investing Cash Flow | $16.6M+106.6% | -$12.9M+98.5% | -$255.1M-133.9% | -$380.5M-342.2% | -$249.2M-51.4% | -$853.7M-110.3% | -$109.1M+51.0% | $157.1M+893.7% |
| Financing Cash Flow | $146.8M+124.2% | -$61.7M-112.1% | $97.8M+156.7% | $213.8M+303.7% | $65.5M+25.4% | $512.0M+38.8% | $38.1M+107.3% | $53.0M-89.2% |
| Dividends Paid | $10.5M-51.2% | $0 | $10.5M0.0% | $30.8M | $21.5M+104.8% | $0 | $10.5M0.0% | $0 |
Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Share Buybacks.
AYR 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.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 14.3%-4.7pp | 22.6%-7.0pp | 13.0%+3.6pp | 25.2%+11.9pp | 19.0%+11.1pp | 29.6%+16.8pp | 9.3%-1.4pp | 13.2%+9.9pp |
| Return on Equity | 1.3%-0.7pp | 2.1%-0.3pp | 1.2%+0.4pp | 2.2%+1.1pp | 1.9%+1.2pp | 2.4%+1.0pp | 0.7%-0.5pp | 1.2%+0.9pp |
| Return on Assets | 0.4%-0.2pp | 0.6%-0.1pp | 0.3%+0.1pp | 0.6%+0.3pp | 0.6%+0.4pp | 0.7%+0.3pp | 0.2%-0.1pp | 0.4%+0.3pp |
| Debt-to-Equity | 2.07+0.1x | 1.970.0x | 2.03+0.2x | 2.03+0.2x | 1.98-0.2x | 1.96-0.2x | 1.80-0.3x | 1.81-0.5x |
| Asset Turnover | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.020.0x | 0.020.0x | 0.030.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Where Aircastle Ranks
Frequently Asked Questions
What is Aircastle's annual revenue?
Aircastle (AYR) reported $975.1M in total revenue for fiscal year 2026. This represents a 18.8% 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 Aircastle's revenue growing?
Aircastle (AYR) revenue grew by 18.8% year-over-year, from $821.0M to $975.1M in fiscal year 2026.
Is Aircastle profitable?
Yes, Aircastle (AYR) reported a net income of $194.0M in fiscal year 2026, with a net profit margin of 19.9%.
How much debt does Aircastle have?
As of fiscal year 2026, Aircastle (AYR) had $179.9M in cash and equivalents against $5.3B in long-term debt.
What is Aircastle's net profit margin?
Aircastle (AYR) had a net profit margin of 19.9% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Aircastle's return on equity (ROE)?
Aircastle (AYR) has a return on equity of 7.3% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Aircastle's operating cash flow?
Aircastle (AYR) generated $483.1M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Aircastle's total assets?
Aircastle (AYR) had $9.0B in total assets as of fiscal year 2026, including both current and long-term assets.
What is Aircastle's debt-to-equity ratio?
Aircastle (AYR) had a debt-to-equity ratio of 1.97 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Aircastle's return on assets (ROA)?
Aircastle (AYR) had a return on assets of 2.2% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Aircastle's Piotroski F-Score?
Aircastle (AYR) has a Piotroski F-Score of 6 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.
Are Aircastle's earnings high quality?
Aircastle (AYR) has an earnings quality ratio of 2.49x, 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.