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

Aircastle brought in $975.1M of revenue in fiscal 2025, Upbound $4.7B in fiscal 2025. Revenue changed by +18.8% at Aircastle and +8.7% at Upbound on the year before, so Aircastle grew faster. Aircastle kept 19.9% of its revenue as net profit, Upbound 1.6%.

Side by side, latest fiscal year

AYRUPBD
Fiscal year endedFY2025 (February 28, 2026)FY2025 (December 31, 2025)
Revenue$975.1M$4.7B
Revenue growth+18.8%+8.7%
Net income$194M$73.2M
Net margin19.9%1.6%
Free cash flown/a$238.7M
Free cash flow marginn/a5.1%
Earnings per share (diluted)n/a$1.25
Cash$179.9M$120.5M
Debt$5.3B$1.1B
Price to earningsn/a12.9
Market valuen/a$938M
Dividend yieldn/a9.70%
Rank by revenue in sector#466 of 778 · Consumer discretionary#211 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: $975.1MUPBD FY2018: $2.7BUPBD FY2019: $2.7BUPBD FY2020: $2.8BUPBD FY2021: $4.6BUPBD FY2022: $4.2BUPBD FY2023: $4BUPBD FY2024: $4.3BUPBD FY2025: $4.7BFY18FY19FY20FY21FY22FY23FY24FY25
AYR $975.1MUPBD $4.7B
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: $194MUPBD FY2018: $8.5MUPBD FY2019: $173.5MUPBD FY2020: $208.1MUPBD FY2021: $134.9MUPBD FY2022: $12.4MUPBD FY2023: -$5.2MUPBD FY2024: $123.5MUPBD FY2025: $73.2MFY18FY19FY20FY21FY22FY23FY24FY25
AYR $194MUPBD $73.2M
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%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
AYR 19.9%UPBD 1.6%
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%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
AYR +18.8%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
AYRUPBD $238.7M

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

Questions about Aircastle and Upbound

Which is bigger by revenue, Aircastle or Upbound?

Upbound is bigger by revenue: $4.7B in fiscal 2025, against $975.1M for Aircastle in fiscal 2025.

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

Aircastle had a net margin of 19.9% in fiscal 2025; Upbound had 1.6% in fiscal 2025.

Which grew revenue faster, Aircastle or Upbound?

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