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

AerCap brought in $8.5B of revenue in fiscal 2025, PROG $2.4B in fiscal 2025. Revenue changed by +6.5% at AerCap and +0.4% at PROG on the year before, so AerCap grew faster. AerCap kept 44.0% of its revenue as net profit, PROG 6.1%.

Side by side, latest fiscal year

AERPRG
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$8.5B$2.4B
Revenue growth+6.5%+0.4%
Net income$3.8B$146.8M
Net margin44.0%6.1%
Free cash flown/a$324.9M
Free cash flow marginn/a13.5%
Earnings per share (diluted)$21.30$3.59
Cash$1.4B$308.8M
Debt$43.6B$594.9M
Price to earningsn/a9.1
Market value$26.7B$1.3B
Dividend yieldn/a1.59%
Rank by revenue in sector#133 of 778 · Consumer discretionary#330 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: $8.5BPRG FY2018: $2BPRG FY2020: $2.2BPRG FY2020: $2.5BPRG FY2021: $2.7BPRG FY2022: $2.6BPRG FY2023: $2.3BPRG FY2024: $2.4BPRG FY2025: $2.4BFY18FY19FY20FY21FY22FY23FY24FY25
AER $8.5BPRG $2.4B
Net income
AER FY2018: $1BAER FY2019: $1.1BAER FY2020: -$298.6MAER FY2021: $1BAER FY2022: -$726MAER FY2023: $3.1BAER FY2024: $2.1BAER FY2025: $3.8BPRG FY2018: $196.2MPRG FY2020: $31.5MPRG FY2020: -$61.5MPRG FY2021: $243.6MPRG FY2022: $98.7MPRG FY2023: $138.8MPRG FY2024: $197.2MPRG FY2025: $146.8MFY18FY19FY20FY21FY22FY23FY24FY25
AER $3.8BPRG $146.8M
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%PRG FY2018: 9.6%PRG FY2020: 1.5%PRG FY2020: -2.5%PRG FY2021: 9.1%PRG FY2022: 3.8%PRG FY2023: 5.9%PRG FY2024: 8.2%PRG FY2025: 6.1%FY18FY19FY20FY21FY22FY23FY24FY25
AER 44.0%PRG 6.1%
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%PRG FY2020: +6.2%PRG FY2020: +14.9%PRG FY2021: +7.8%PRG FY2022: -3.0%PRG FY2023: -9.9%PRG FY2024: +2.6%PRG FY2025: +0.4%FY19FY20FY21FY22FY23FY24FY25
AER +6.5%PRG +0.4%
Free cash flow
PRG FY2018: $277.7MPRG FY2020: $224.2MPRG FY2020: $391.6MPRG FY2021: $236.4MPRG FY2022: $232.8MPRG FY2023: $194.6MPRG FY2024: $130.2MPRG FY2025: $324.9MFY18FY20FY21FY22FY23FY24FY25
AERPRG $324.9M

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

Questions about AerCap and PROG

Which is bigger by revenue, AerCap or PROG?

AerCap is bigger by revenue: $8.5B in fiscal 2025, against $2.4B for PROG in fiscal 2025.

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

AerCap had a net margin of 44.0% in fiscal 2025; PROG had 6.1% in fiscal 2025.

Which grew revenue faster, AerCap or PROG?

In their latest fiscal years revenue changed by +6.5% at AerCap and +0.4% at PROG.

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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