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AerCap vs Aircastle: revenue, profit, margins and growth compared

AerCap brought in $8.5B of revenue in fiscal 2025, Aircastle $975.1M in fiscal 2025. Revenue changed by +6.5% at AerCap and +18.8% at Aircastle on the year before, so Aircastle grew faster. AerCap kept 44.0% of its revenue as net profit, Aircastle 19.9%.

Side by side, latest fiscal year

AERAYR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (February 28, 2026)
Revenue$8.5B$975.1M
Revenue growth+6.5%+18.8%
Net income$3.8B$194M
Net margin44.0%19.9%
Free cash flown/an/a
Free cash flow marginn/an/a
Earnings per share (diluted)$21.30n/a
Cash$1.4B$179.9M
Debt$43.6B$5.3B
Price to earningsn/an/a
Market value$26.7Bn/a
Dividend yieldn/an/a
Rank by revenue in sector#133 of 778 · Consumer discretionary#466 of 778 · Consumer discretionary

Over the years

Revenue
AER FY2018: $4.8BAER FY2019: $4.9BAER FY2020: $4.5BAER FY2021: $5.2BAER FY2022: $7BAER FY2023: $7.6BAER FY2024: $8BAER FY2025: $8.5BAYR FY2018: $890.4MAYR FY2019: $917.9MAYR FY2020: $832.3MAYR FY2021: $769.8MAYR FY2022: $796MAYR FY2023: $855.4MAYR FY2024: $821MAYR FY2025: $975.1MFY18FY19FY20FY21FY22FY23FY24FY25
AER $8.5BAYR $975.1M
Net income
AER FY2018: $1BAER FY2019: $1.1BAER FY2020: -$298.6MAER FY2021: $1BAER FY2022: -$726MAER FY2023: $3.1BAER FY2024: $2.1BAER FY2025: $3.8BAYR FY2018: $247.9MAYR FY2019: $156.6MAYR FY2020: -$333.2MAYR FY2021: -$278.2MAYR FY2022: $62.8MAYR FY2023: $83.3MAYR FY2024: $123.6MAYR FY2025: $194MFY18FY19FY20FY21FY22FY23FY24FY25
AER $3.8BAYR $194M
Net margin
AER FY2018: 21.2%AER FY2019: 23.2%AER FY2020: -6.6%AER FY2021: 19.2%AER FY2022: -10.4%AER FY2023: 41.4%AER FY2024: 26.2%AER FY2025: 44.0%AYR FY2018: 27.8%AYR FY2019: 17.1%AYR FY2020: -40.0%AYR FY2021: -36.1%AYR FY2022: 7.9%AYR FY2023: 9.7%AYR FY2024: 15.1%AYR FY2025: 19.9%FY18FY19FY20FY21FY22FY23FY24FY25
AER 44.0%AYR 19.9%
Revenue growth
AER FY2019: +2.9%AER FY2020: -9.0%AER FY2021: +16.3%AER FY2022: +34.3%AER FY2023: +8.1%AER FY2024: +5.5%AER FY2025: +6.5%AYR FY2019: +3.1%AYR FY2021: -7.5%AYR FY2022: +3.4%AYR FY2023: +7.5%AYR FY2024: -4.0%AYR FY2025: +18.8%FY19FY20FY21FY22FY23FY24FY25
AER +6.5%AYR +18.8%

Fiscal years as each company reports them; the two may end in different months.

Questions about AerCap and Aircastle

Which is bigger by revenue, AerCap or Aircastle?

AerCap is bigger by revenue: $8.5B in fiscal 2025, against $975.1M for Aircastle in fiscal 2025.

Which keeps more of its revenue as profit, AerCap or Aircastle?

AerCap had a net margin of 44.0% in fiscal 2025; Aircastle had 19.9% in fiscal 2025.

Which grew revenue faster, AerCap or Aircastle?

In their latest fiscal years revenue changed by +6.5% at AerCap and +18.8% at Aircastle.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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