| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 75 | 7.3x | 17.3x | Top tier | |
Growth | 39 | 4.0% | 7.1% | Bottom tier | |
Quality | 82 | 6.1% | 4.5% | Top tier | |
Safety | 34 | 5.0x | 2.6x | Bottom tier | |
Capital Return | 91 | 0.78% | 0.06% | Top tier | |
Momentum | 77 | 21.4% | -1.6% | Top tier | |
Sentiment | 45 | 6 | 3 | Around median |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
AerCap Holdings N.V. leases aircraft, engines, and helicopters, generating income from lease contracts and maintenance revenue, alongside asset sales and parts management through AerCap Materials. Its model combines holding leased assets with portfolio turnover through sales and capital reinvestment. Its engine business and operating network enable it to move assets between airlines and markets, an important factor in managing lessee defaults and benefiting from equipment shortages.
In quarter 2 of fiscal year 2026, ended 2026-06-30, revenue according to EL7 data was approximately 2.1 billion dollars, net income was 725.7 million dollars, and diluted earnings per share were 4.65 dollars. The operating margin according to EL7's calculation was 55.2%, while operating cash flow according to EL7 data was approximately 1.5 billion dollars for the same period. A reliable year-over-year comparison of revenue and margins is unavailable because the definition of the revenue line item differs between the 2 periods.
The income components in quarter 2 of fiscal year 2026 show that basic lease rents were 1.677 billion dollars, maintenance revenue was 177 million dollars, and net gains on asset sales were 223 million dollars. The company sold 38 owned assets for 1.4 billion dollars, with a gain-on-sale margin of 20% for the same period; earnings are therefore affected jointly by leasing, the volume of assets sold, and maintenance timing. Over the last 12 months through 2026-06-30, revenue was 8.3 billion dollars and net income was 3.4 billion dollars.
Q2 FY2026
Last 12 months to 2026-06-30
When: 2026-10-28
Update to fiscal year 2026 adjusted earnings per share guidance of 16.80 dollars
Passenger aircraft lease extension rate relative to the 85% level
The indicative value using the industry multiple is 247 dollars, within a range of 191 dollars to 335 dollars, based on next year's earnings and a median multiple of 15.0 across 15 companies; it values the company using peers' earnings multiples and has low confidence. The indicative median analyst target is 179 dollars, within a range of 165 dollars to 190 dollars across 3 analysts, reflecting their expectations for growth and risk, and also has low confidence. The industry multiple method assigns a higher value than analyst targets, and their ranges do not overlap, so the methods do not provide an agreed valuation range despite both being based on forward-looking expectations. Analyst targets tend to be optimistic by nature, while the cash flow model, which measures the cash generated by the business, tends to be conservative.
Figures in the text are as of 2026-10-19; the live price is shown at the top of the page.
AerCap leases aircraft, engines, and helicopters, and also generates revenue from maintenance and asset sales. In quarter 2 of fiscal year 2026, ended 2026-06-30, basic lease rents were 1.677 billion dollars and maintenance revenue was 177 million dollars. Net gains on asset sales were 223 million dollars for the same period, after the sale of 38 assets for 1.4 billion dollars. Sale transactions therefore affect quarterly earnings alongside lease income.
On 2026-07-29, management raised adjusted earnings per share guidance for fiscal year 2026 to approximately 16.80 dollars. The figure includes 2.80 dollars from gains on asset sales in the first half of fiscal year 2026, and excludes additional gains on sales in the second half of fiscal year 2026. Guidance excluding gains on sales was approximately 14 dollars for fiscal year 2026. The size of the maintenance contribution and gains on sales remains important for understanding earnings sustainability.
Automated analysis for informational purposes only — not investment advice.
The diluted share count was 158.0 million shares in quarter 2 of fiscal year 2026, ended 2026-06-30. It was 177.5 million shares in quarter 2 of fiscal year 2025, ended 2025-06-30, a decrease of 11.0% compared with the same quarter of the previous year. This reduces the number of shares across which earnings are distributed. However, diluted earnings per share were 4.65 dollars in quarter 2 of fiscal year 2026, versus 7.09 dollars in quarter 2 of fiscal year 2025, showing that a declining share count does not guarantee higher earnings per share.
Total debt according to EL7 data was approximately 42.8 billion dollars in quarter 2 of fiscal year 2026, ended 2026-06-30, versus cash and short-term investments of 1.8 billion dollars. The comparison is limited to these items, so it does not measure total liquidity and excludes long-term marketable securities. Operating cash flow according to EL7 data was approximately 1.5 billion dollars for the same period. Assessing financing therefore requires considering cash generation and available funding sources, while the size of the debt remains a material risk factor.
During the 2026-07-29 call, management announced an order for 15 Boeing 787 aircraft, with deliveries starting in 2030 and ending in 2033. The order targets the widebody aircraft market, whose supply management described as constrained by years of underproduction and delivery delays. Management said AerCap has the largest Boeing 787 fleet and order book among leasing companies. The order provides a long-term extension of the fleet, while its operating contribution is tied to its delivery dates.