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

Aircastle brought in $975.1M of revenue in fiscal 2025, PROG $2.4B in fiscal 2025. Revenue changed by +18.8% at Aircastle and +0.4% at PROG on the year before, so Aircastle grew faster. Aircastle kept 19.9% of its revenue as net profit, PROG 6.1%.

Side by side, latest fiscal year

AYRPRG
Fiscal year endedFY2025 (February 28, 2026)FY2025 (December 31, 2025)
Revenue$975.1M$2.4B
Revenue growth+18.8%+0.4%
Net income$194M$146.8M
Net margin19.9%6.1%
Free cash flown/a$324.9M
Free cash flow marginn/a13.5%
Earnings per share (diluted)n/a$3.59
Cash$179.9M$308.8M
Debt$5.3B$594.9M
Price to earningsn/a9.1
Market valuen/a$1.3B
Dividend yieldn/a1.59%
Rank by revenue in sector#466 of 778 · Consumer discretionary#330 of 778 · Consumer discretionary

Over the years

Revenue
AYR FY2018: $890.4MAYR FY2019: $917.9MAYR FY2020: $832.3MAYR FY2021: $769.8MAYR FY2022: $796MAYR FY2023: $855.4MAYR FY2024: $821MAYR FY2025: $975.1MPRG FY2018: $2BPRG FY2020: $2.2BPRG FY2020: $2.5BPRG FY2021: $2.7BPRG FY2022: $2.6BPRG FY2023: $2.3BPRG FY2024: $2.4BPRG FY2025: $2.4BFY18FY19FY20FY21FY22FY23FY24FY25
AYR $975.1MPRG $2.4B
Net income
AYR FY2018: $247.9MAYR FY2019: $156.6MAYR FY2020: -$333.2MAYR FY2021: -$278.2MAYR FY2022: $62.8MAYR FY2023: $83.3MAYR FY2024: $123.6MAYR FY2025: $194MPRG FY2018: $196.2MPRG FY2020: $31.5MPRG FY2020: -$61.5MPRG FY2021: $243.6MPRG FY2022: $98.7MPRG FY2023: $138.8MPRG FY2024: $197.2MPRG FY2025: $146.8MFY18FY19FY20FY21FY22FY23FY24FY25
AYR $194MPRG $146.8M
Net margin
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%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
AYR 19.9%PRG 6.1%
Revenue growth
AYR FY2019: +3.1%AYR FY2021: -7.5%AYR FY2022: +3.4%AYR FY2023: +7.5%AYR FY2024: -4.0%AYR FY2025: +18.8%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
AYR +18.8%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
AYRPRG $324.9M

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

Questions about Aircastle and PROG

Which is bigger by revenue, Aircastle or PROG?

PROG is bigger by revenue: $2.4B in fiscal 2025, against $975.1M for Aircastle in fiscal 2025.

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

Aircastle had a net margin of 19.9% in fiscal 2025; PROG had 6.1% in fiscal 2025.

Which grew revenue faster, Aircastle or PROG?

In their latest fiscal years revenue changed by +18.8% at Aircastle 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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