AerSale Corporation
- Open
- 6.33
- Day high
- 6.44
- Day low
- 6.33
- Prev close
- 6.32
- Volume
- 76K
- Mkt cap
- $302M
- P/E (TTM)
- 25.7
- EPS (TTM)
- $0.25
- P/B
- 0.7
- P/S
- 0.9
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$154K over the last 3 months (0 open-market buys, 6 sales)
- 🏛Institutions accumulating (13F)
AerSale Corporation (ASLE) is a Industrials company listed on NASDAQ. The stock is up 5% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 6 sales (SEC Form 4).
AerSale Corporation (ASLE) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
ASLE earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $0.02 | $-0.03 | -250.0% | $71M | -31.1% |
| Mar 5, 2026 | $0.15 | $0.16 | +6.7% | $91M | +8.2% |
| Nov 6, 2025 | $0.10 | $0.04 | -60.0% | $71M | -28.6% |
| Aug 6, 2025 | $0.05 | $0.20 | +300.0% | $107M | +18.0% |
| May 7, 2025 | $0.13 | $-0.05 | -138.5% | $66M | -26.2% |
| Mar 6, 2025 | $0.10 | $0.09 | -10.0% | $95M | +3.4% |
| Nov 7, 2024 | $0.05 | $0.04 | -20.0% | $83M | -9.9% |
| Mar 7, 2024 | $0.45 | $-0.02 | -104.4% | $94M | -39.6% |
| Mar 6, 2023 | $0.21 | $0.23 | +9.5% | $95M | -22.5% |
| Mar 14, 2022 | $0.16 | $0.31 | +93.8% | $117M | +20.4% |
| Aug 6, 2021 | $0.07 | $0.38 | +442.9% | $92M | +18.9% |
| May 7, 2021 | $-0.05 | $0.23 | +560.0% | $58M | -74.7% |
ASLE insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 11, 2026 | Hechenberger Paul Andrewofficer: See Remarks | Sell | 1,586 | $6.34 |
| Jun 11, 2026 | Wright Frederick Craigofficer: See Remarks | Sell | 4,182 | $6.34 |
| Jun 11, 2026 | Pizzi Enriqueofficer: See Remarks | Sell | 3,122 | $6.34 |
| Jun 11, 2026 | Tschirhart Benjamin Thomasofficer: See Remarks | Sell | 1,886 | $6.34 |
| Jun 11, 2026 | Jones Gary Edmundofficer: See Remarks | Sell | 7,491 | $6.34 |
| Jun 11, 2026 | Garmendia Martinofficer: See Remarks | Sell | 6,094 | $6.34 |
| Jun 9, 2026 | Nichols Robert B.director | Grant | 19,623 | — |
| Jun 9, 2026 | Mitchell Thomas Duncandirector | Grant | 19,623 | — |
| Jun 9, 2026 | DiBattiste Caroldirector | Grant | 19,623 | — |
| Jun 9, 2026 | Fedder Judith Anndirector | Grant | 19,623 | — |
| Jun 9, 2026 | Levy Andrew Cdirector | Grant | 19,623 | — |
| Jun 9, 2026 | Mullins Thomas Wiesedirector | Grant | 19,623 | — |
| Mar 16, 2026 | Fedder Judith Anndirector | Buy | 1,000 | $6.46 |
| Jan 12, 2026 | Pizzi Enriqueofficer: Chief Information Officer | Sell | 1,825 | $7.38 |
| Nov 25, 2025 | Finazzo Nicolasdirector, officer: See Remarks | Buy | 6,352 | $5.99 |
Source: ASLE SEC Form 4 filings, latest Jun 11, 2026. For informational purposes only — not investment advice.
See the full ASLE insider & 13F page →AerSale Corporation company profile
Overview
AerSale Corporation (NASDAQ:ASLE) is a specialized aviation services company founded in 2008 and headquartered in Coral Gables, Florida. The company went public in February 2019 and operates as a comprehensive provider of aftermarket commercial aircraft solutions, serving the global aviation industry through asset management and technical operations. AerSale has established itself as a key player in the aviation aftermarket by focusing on aircraft lifecycle management, from active service through end-of-life asset monetization.
Business
AerSale operates in the aviation aftermarket industry, which encompasses the maintenance, repair, overhaul, and parts supply ecosystem that keeps commercial aircraft flying after their initial sale by manufacturers like Boeing and Airbus. The aviation aftermarket is a critical component of the airline industry, as airlines require continuous maintenance services and replacement parts throughout an aircraft's 20-30 year operational life. The company operates through two primary business segments: Asset Management Solutions (approximately 62% of revenue based on recent financials) focuses on the acquisition, refurbishment, and monetization of end-of-life aircraft and engines. This segment purchases retired aircraft and engines, then either sells them as whole assets to other operators or disassembles them to harvest valuable components known as Used Serviceable Material (USM). These parts are then sold to airlines, maintenance providers, and leasing companies as cost-effective alternatives to new parts from original equipment manufacturers. The segment also operates a growing specialty lease pool, where engines and aircraft are leased to operators for temporary or long-term use. Technical Operations (TechOps) (approximately 38% of revenue) provides maintenance, repair, and overhaul services for aircraft components and complete aircraft. This includes heavy maintenance checks, aircraft modifications, passenger-to-freighter conversions, component repair services for landing gear and hydraulic systems, and aircraft storage services. The segment also develops and manufactures proprietary aviation products, including the AerSafe fuel tank flammability protection system (required by FAA mandate) and the AerAware enhanced flight vision system designed to improve pilot situational awareness and safety.
Revenue model
AerSale generates revenue through multiple complementary business models across its two segments. The Asset Management segment operates on a capital-intensive buy-low-sell-high model, where the company acquires aircraft and engines at attractive prices (often from airlines retiring older fleets), then maximizes value through strategic timing of sales, parts harvesting, or leasing arrangements. Revenue comes from outright sales of whole aircraft and engines, individual component part sales with typically higher margins, and lease income from its growing specialty lease pool. The TechOps segment operates on a service-based model, generating revenue through maintenance contracts, component repair services, aircraft modification projects, and product sales. This includes both internal work (supporting the Asset Management segment's inventory) and third-party commercial services. The segment benefits from recurring revenue streams through maintenance contracts and regulatory compliance products like AerSafe, which airlines must purchase to meet FAA airworthiness directives. Several factors influence the company's margins and profitability. Positive factors include the ongoing global aircraft shortage that drives strong demand for USM parts and lease assets, supply chain constraints at original equipment manufacturers that make aftermarket solutions more attractive, and regulatory requirements that create captive markets for compliance products. The company's expertise in complex asset refurbishment provides competitive advantages in feedstock acquisition. Negative factors include the highly cyclical nature of aircraft retirements that affects feedstock availability, intense competition from well-capitalized private equity firms and leasing companies in asset auctions, extended maintenance turnaround times that tie up working capital, and the capital-intensive nature of the business that requires significant upfront investments with uncertain timing of returns. Market conditions in specific aircraft types (like cargo aircraft) can also significantly impact asset values and lease rates.
Competitive moat
AerSale operates in a competitive industry with limited sustainable competitive advantages, though it has developed several operational strengths. The company's primary moat lies in its specialized expertise and operational capabilities rather than structural barriers to entry. Its technical knowledge in aircraft disassembly, parts harvesting, and complex asset refurbishment provides advantages in feedstock acquisition, as the company can evaluate and bid on distressed or complex assets that competitors might avoid. The company's integrated business model creates some defensive characteristics, where the TechOps segment can support Asset Management operations and provide more predictable revenue streams. Its proprietary products, particularly AerSafe (which addresses mandatory FAA compliance requirements), create temporary monopolistic positions in specific niches. The company's relationships with airlines, lessors, and maintenance providers, built over 15+ years of operation, provide deal flow advantages and customer retention benefits. However, the moat is relatively narrow and faces significant competitive pressures. The industry attracts well-capitalized competitors including private equity firms, hedge funds, and large leasing companies that can outbid AerSale on attractive assets. The company's own earnings calls acknowledge losing bids "by significant margins" due to irrational pricing from competitors. Original equipment manufacturers are increasingly entering the aftermarket space, potentially commoditizing certain services. The cyclical nature of aircraft retirements means feedstock availability fluctuates dramatically, and the company has limited control over this key input to its business model. The competitive landscape suggests AerSale operates more as a skilled operator in a fragmented market rather than holding a true economic moat, making execution and capital allocation critical to long-term success.
Risks & safety
AerSale presents a mixed margin of safety profile with both strengths and concerns: • Liquidity Position: Low cash position of $4.7 million creates near-term liquidity concerns, though the company maintains access to credit facilities and has substantial current assets ($329 million) that could be monetized. • Debt and Solvency: Moderate debt-to-equity ratio of 0.42 indicates manageable leverage levels. Current ratio of 4.54 provides substantial short-term solvency cushion, though much of current assets are inventory that may be illiquid. • Cash Flow Concerns: Significant negative operating cash flow of -$45.2 million and free cash flow of -$48.8 million in Q1 2025 raise questions about working capital management and business sustainability. • Valuation Metrics: Trading at 0.96x book value suggests reasonable valuation relative to tangible assets. However, extremely high EV/EBITDA of 772x due to minimal EBITDA generation indicates operational challenges. • Profitability: Recent quarterly loss of $5.3 million and negative ROE of -1.3% demonstrate current operational difficulties, though the company showed profitability in 2024. • Asset Quality: Large inventory position ($250+ million) represents both opportunity and risk, as aircraft parts values can be volatile and inventory may face obsolescence risks.
Recent development
Over the past few years, AerSale has pursued several strategic initiatives to diversify revenue streams and reduce cyclicality. The company has significantly expanded its MRO capabilities through facility investments, including a new 90,000 square foot Miami facility, expansion of its component repair capabilities, and establishment of an on-airport MRO facility in Millington, Tennessee. These investments, expected to add approximately $50 million in annual revenue capacity, represent a strategic shift toward more predictable service-based revenue. The company has developed two proprietary aviation products that address specific market needs. AerSafe, a fuel tank flammability protection system, capitalizes on FAA regulatory requirements and has built a backlog of $11-14 million. AerAware, an enhanced flight vision system for Boeing 737NG aircraft, received FAA certification and targets a market of over 6,000 aircraft, though commercialization has been slower than anticipated. AerSale has also strategically pivoted toward building a specialty lease pool to generate more predictable recurring revenue. The company ended 2024 with 17 engines and aircraft on lease, representing a significant expansion from previous years. Additionally, the company completed a Boeing 757 passenger-to-freighter conversion program, though market conditions have made monetization challenging. The company has implemented operational efficiency programs expected to save $10.4 million annually and has maintained a disciplined approach to feedstock acquisition despite competitive pressures. Recent quarters have shown improved margins in the Asset Management segment and growing contribution from the TechOps segment, suggesting the strategic initiatives are beginning to yield results.
ASLE company profile · for informational purposes only — not investment advice.
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