Air Lease Corporation (AL)

Air Lease Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,873	2,734	2,685	2,317	2,088	2,015
Revenue Growth (YoY)	6.15%	1.81%	15.87%	10.96%	3.62%	-0.07%
Cost of Revenue	1,188	1,144	1,069	965.96	882.56	780.69
Gross Profit	1,685	1,590	1,616	1,351	1,206	1,235
Selling, General & Admin	192.73	185.93	186.02	156.86	125.28	95.68
Operating Expenses	239.79	219.82	220.63	172.46	151.8	113.31
Operating Income	1,445	1,370	1,396	1,179	1,054	1,121
Interest Expense	-883.69	-836.82	-708.96	-546.18	-513.02	-474.76
EBT Excluding Unusual Items	561.73	533.26	686.61	632.71	541.02	646.68
Other Unusual Items	-9.23	-	-	-771.48	-	-
Pretax Income	1,228	533.26	753.63	-138.77	541.02	646.68
Income Tax Expense	250.55	105.55	139.01	-41.74	104.38	130.41
Net Income	977.89	427.7	614.62	-97.02	436.63	516.26
Preferred Dividends & Other Adjustments	54.86	55.63	41.7	41.7	28.47	15.38
Net Income to Common	923.03	372.07	572.92	-138.72	408.16	500.89
Net Income Growth	73.29%	-30.41%	-	-	-15.43%	-12.07%
Shares Outstanding (Basic)	112	111	111	112	114	114
Shares Outstanding (Diluted)	112	112	111	112	114	114
Shares Change (YoY)	0.42%	0.39%	-0.17%	-2.46%	0.38%	0.82%
EPS (Basic)	8.28	3.34	5.16	-1.24	3.58	4.41
EPS (Diluted)	8.24	3.33	5.14	-1.24	3.57	4.39
EPS Growth	76.97%	-35.21%	-	-	-18.68%	-13.75%
Free Cash Flow	-1,460	-1,359	-1,096	-2,022	-1,718	-1,437
Free Cash Flow Per Share	-13.02	-12.15	-9.84	-18.11	-15.01	-12.60
Dividend Per Share	0.870	0.850	0.810	0.755	0.690	0.620
Dividend Growth	4.82%	4.94%	7.29%	9.42%	11.29%	10.71%
Gross Margin	58.66%	58.16%	60.19%	58.32%	57.74%	61.26%
Operating Margin	50.31%	50.12%	51.98%	50.87%	50.47%	55.64%
Profit Margin	32.13%	13.61%	21.34%	-5.99%	19.54%	24.85%
Free Cash Flow Margin	-50.81%	-49.72%	-40.83%	-87.26%	-82.26%	-71.30%
EBIT	1,445	1,370	1,396	1,179	1,054	1,121
EBIT Margin	50.31%	50.12%	51.98%	50.87%	50.47%	55.64%
Effective Tax Rate	20.39%	19.79%	18.45%	-	19.29%	20.17%
Revenue as Reported	2,873	2,734	2,685	2,317	2,088	2,015

Updated Aug 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q