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

AerCap brought in $8.5B of revenue in fiscal 2025, Upbound $4.7B in fiscal 2025. Revenue changed by +6.5% at AerCap and +8.7% at Upbound on the year before, so Upbound grew faster. AerCap kept 44.0% of its revenue as net profit, Upbound 1.6%.

Side by side, latest fiscal year

AERUPBD
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$8.5B$4.7B
Revenue growth+6.5%+8.7%
Net income$3.8B$73.2M
Net margin44.0%1.6%
Free cash flown/a$238.7M
Free cash flow marginn/a5.1%
Earnings per share (diluted)$21.30$1.25
Cash$1.4B$120.5M
Debt$43.6B$1.1B
Price to earningsn/a12.9
Market value$26.7B$938M
Dividend yieldn/a9.70%
Rank by revenue in sector#133 of 778 · Consumer discretionary#211 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: $8.5BUPBD FY2018: $2.7BUPBD FY2019: $2.7BUPBD FY2020: $2.8BUPBD FY2021: $4.6BUPBD FY2022: $4.2BUPBD FY2023: $4BUPBD FY2024: $4.3BUPBD FY2025: $4.7BFY18FY19FY20FY21FY22FY23FY24FY25
AER $8.5BUPBD $4.7B
Net income
AER FY2018: $1BAER FY2019: $1.1BAER FY2020: -$298.6MAER FY2021: $1BAER FY2022: -$726MAER FY2023: $3.1BAER FY2024: $2.1BAER FY2025: $3.8BUPBD FY2018: $8.5MUPBD FY2019: $173.5MUPBD FY2020: $208.1MUPBD FY2021: $134.9MUPBD FY2022: $12.4MUPBD FY2023: -$5.2MUPBD FY2024: $123.5MUPBD FY2025: $73.2MFY18FY19FY20FY21FY22FY23FY24FY25
AER $3.8BUPBD $73.2M
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%UPBD FY2018: 0.3%UPBD FY2019: 6.5%UPBD FY2020: 7.4%UPBD FY2021: 2.9%UPBD FY2022: 0.3%UPBD FY2023: -0.1%UPBD FY2024: 2.9%UPBD FY2025: 1.6%FY18FY19FY20FY21FY22FY23FY24FY25
AER 44.0%UPBD 1.6%
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%UPBD FY2019: +0.4%UPBD FY2020: +5.4%UPBD FY2021: +62.9%UPBD FY2022: -7.4%UPBD FY2023: -6.0%UPBD FY2024: +8.2%UPBD FY2025: +8.7%FY19FY20FY21FY22FY23FY24FY25
AER +6.5%UPBD +8.7%
Free cash flow
UPBD FY2018: $199.5MUPBD FY2019: $194.3MUPBD FY2020: $202MUPBD FY2021: $329.8MUPBD FY2022: $407.1MUPBD FY2023: $146.9MUPBD FY2024: $48.4MUPBD FY2025: $238.7MFY18FY19FY20FY21FY22FY23FY24FY25
AERUPBD $238.7M

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

Questions about AerCap and Upbound

Which is bigger by revenue, AerCap or Upbound?

AerCap is bigger by revenue: $8.5B in fiscal 2025, against $4.7B for Upbound in fiscal 2025.

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

AerCap had a net margin of 44.0% in fiscal 2025; Upbound had 1.6% in fiscal 2025.

Which grew revenue faster, AerCap or Upbound?

In their latest fiscal years revenue changed by +6.5% at AerCap and +8.7% at Upbound.

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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