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AerSale vs Willis Lease Finance: revenue, profit, margins and growth compared

AerSale brought in $335.3M of revenue in fiscal 2025, Willis Lease Finance $730.2M in fiscal 2025. Revenue changed by -2.8% at AerSale and +28.3% at Willis Lease Finance on the year before, so Willis Lease Finance grew faster. AerSale kept 2.6% of its revenue as net profit, Willis Lease Finance 15.6%. Free cash flow was -$29.1M at AerSale and $252.2M at Willis Lease Finance.

Side by side, latest fiscal year

ASLEWLFC
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$335.3M$730.2M
Revenue growth-2.8%+28.3%
Net income$8.6M$113.8M
Net margin2.6%15.6%
Free cash flow-$29.1M$252.2M
Free cash flow margin-8.7%34.5%
Earnings per share (diluted)$0.18$15.39
Cash$4.4M$16.4M
Debt$1.3M$2.7B
Price to earnings30.03.5
Market value$257.7M$1.1B
Dividend yieldn/a2.12%
Rank by revenue in sector#606 of 778 · Consumer discretionary#513 of 778 · Consumer discretionary

Over the years

Revenue
ASLE FY2019: $290.7MASLE FY2019: $304.2MASLE FY2020: $208.9MASLE FY2021: $340.4MASLE FY2022: $408.5MASLE FY2023: $334.5MASLE FY2024: $345.1MASLE FY2025: $335.3MWLFC FY2018: $348.3MWLFC FY2019: $409.2MWLFC FY2020: $288.7MWLFC FY2021: $274.2MWLFC FY2022: $311.9MWLFC FY2023: $418.6MWLFC FY2024: $569.2MWLFC FY2025: $730.2MFY18FY19FY20FY21FY22FY23FY24FY25
ASLE $335.3MWLFC $730.2M
Net income
ASLE FY2019: $8.9MASLE FY2019: $15.5MASLE FY2020: $8.1MASLE FY2021: $36.1MASLE FY2022: $43.9MASLE FY2023: -$5.6MASLE FY2024: $5.9MASLE FY2025: $8.6MWLFC FY2018: $43.2MWLFC FY2019: $66.9MWLFC FY2020: $9.7MWLFC FY2021: $3.4MWLFC FY2022: $5.4MWLFC FY2023: $43.8MWLFC FY2024: $108.6MWLFC FY2025: $113.8MFY18FY19FY20FY21FY22FY23FY24FY25
ASLE $8.6MWLFC $113.8M
Net margin
ASLE FY2019: 3.0%ASLE FY2019: 5.1%ASLE FY2020: 3.9%ASLE FY2021: 10.6%ASLE FY2022: 10.7%ASLE FY2023: -1.7%ASLE FY2024: 1.7%ASLE FY2025: 2.6%WLFC FY2018: 12.4%WLFC FY2019: 16.4%WLFC FY2020: 3.4%WLFC FY2021: 1.2%WLFC FY2022: 1.7%WLFC FY2023: 10.5%WLFC FY2024: 19.1%WLFC FY2025: 15.6%FY18FY19FY20FY21FY22FY23FY24FY25
ASLE 2.6%WLFC 15.6%
Revenue growth
ASLE FY2019: +4.6%ASLE FY2020: -31.3%ASLE FY2021: +62.9%ASLE FY2022: +20.0%ASLE FY2023: -18.1%ASLE FY2024: +3.2%ASLE FY2025: -2.8%WLFC FY2019: +17.5%WLFC FY2020: -29.4%WLFC FY2021: -5.0%WLFC FY2022: +13.8%WLFC FY2023: +34.2%WLFC FY2024: +36.0%WLFC FY2025: +28.3%FY19FY20FY21FY22FY23FY24FY25
ASLE -2.8%WLFC +28.3%
Free cash flow
ASLE FY2019: $43.8MASLE FY2020: -$14.4MASLE FY2021: $77.6MASLE FY2022: -$8.6MASLE FY2023: -$185.5MASLE FY2024: -$2.9MASLE FY2025: -$29.1MWLFC FY2018: $185.2MWLFC FY2019: $224MWLFC FY2020: $90.5MWLFC FY2021: $88.5MWLFC FY2022: $137.8MWLFC FY2023: $224.6MWLFC FY2024: $268.8MWLFC FY2025: $252.2MFY18FY19FY20FY21FY22FY23FY24FY25
ASLE -$29.1MWLFC $252.2M

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

Questions about AerSale and Willis Lease Finance

Which is bigger by revenue, AerSale or Willis Lease Finance?

Willis Lease Finance is bigger by revenue: $730.2M in fiscal 2025, against $335.3M for AerSale in fiscal 2025.

Which keeps more of its revenue as profit, AerSale or Willis Lease Finance?

AerSale had a net margin of 2.6% in fiscal 2025; Willis Lease Finance had 15.6% in fiscal 2025.

Which grew revenue faster, AerSale or Willis Lease Finance?

In their latest fiscal years revenue changed by -2.8% at AerSale and +28.3% at Willis Lease Finance.

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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