AL AIR LEASE CORP

Overview and Growth

Fiscal 2025 results for AIR LEASE CORP combined $3.02B of revenue with net income of $1.09B and an operating cash inflow of $1.73B. At $3.02B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The top line expanded 10.3% from $2.73B in fiscal 2024, increasing the company’s operating scale. Diluted earnings per share were $9.29, translating the period’s attributable earnings into the amount reported for each diluted share. Against diluted EPS of $3.33 in fiscal 2024, the current result was 179.0% higher. Total assets stood at $32.88B, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Revenue equaled 0.09x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

After all reported below-operating-line items, the company recorded net income of $1.09B for the fiscal year. Measured against reported revenue, net income produced a 36.1% margin after operating costs and the remaining recognized items. Pretax income was $1.37B, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. The pretax margin was 45.4%, relating income before taxes directly to revenue. The reported income-tax provision was $281.31M, the amount recognized between pretax income and the final net-income result. Relative to pretax income, the tax provision measured 20.5%, quantifying the portion of pre-tax earnings paid in income tax. Return on period-end equity was 12.8%, relating annual net income to the equity capital on the balance sheet. Return on period-end assets was 3.3%, connecting net income with the company’s total asset base. Current net income of $1.09B was above fiscal 2024 net income of $427.70M, showing the direction of the bottom-line change.

Liquidity and Capital Structure

Total assets were $32.88B, supported by $24.41B of liabilities and $8.47B of shareholder equity. Reported cash and equivalents were $466.41M, separating immediately recognizable cash resources from the rest of the current-asset base. Total debt was $19.73B, establishing the amount of borrowing carried within the company’s capital structure. Against book equity, debt measured 2.33x, placing the company’s financial leverage in clear balance-sheet terms. Debt represented 60.0% of total assets, placing borrowing in the context of the company’s full resource base. Equity equaled 25.8% of assets, showing the shareholder-capital layer within the company’s balance sheet. Liabilities represented 74.2% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 1.4% of total assets, showing the liquid cash component within the company’s broader resource base. Total assets were 1.9% higher than fiscal 2024 assets of $32.28B, measuring the company’s own balance-sheet change. Reported equity changed 12.5% from $7.53B in fiscal 2024, placing the current capital base higher year over year. Compared with $472.55M in fiscal 2024, the current cash balance moved 1.3% and finished lower.

Cash Flow and Earnings Quality

Cash flow from operations was $1.73B, a reported cash inflow that can be compared directly with net income and capital spending. Against net income, operating cash flow measured 1.59x, showing the relationship between accrual earnings and operating cash. Capital expenditures used $237.68M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Relative to operating cash flow, capital expenditures measured 13.7%, connecting investment intensity with the company’s cash-generation base. After capital spending, free cash flow was $1.50B, leaving cash available for debt reduction, shareholder returns, or further investment. The free-cash-flow margin was 49.6%, measuring cash remaining after capital spending against revenue. Free cash flow equaled 4.6% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.