
AerCap Holdings N.V.
NYSE•AER
CEO: Mr. Aengus Kelly A.C.A.
Sector: Industrials
Industry: Rental & Leasing Services
Listing Date: 2006-11-21
AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews. Its aircraft asset management services also include periodically inspecting the leased aircraft and engines; coordinating technical modifications to aircraft to meet new lessee requirements; conducting restructuring negotiations in connection with lease defaults; repossessing aircraft and engines; arranging and monitoring insurance coverage; registering and de-registering aircraft; arranging for aircraft and engine valuations; and providing market research services. In addition, the company provides cash management services, including treasury services, such as the financing, refinancing, hedging, and ongoing cash management of vehicles; and administrative services comprising accounting and corporate secretarial services consisting of the preparation of budgets and financial statements. Further, it offers airframe and engine parts and supply chain solutions to airlines; maintenance, repair, and overhaul service providers; and aircraft parts distributors. The company had a portfolio of owned, managed, or on order aircraft. AerCap Holdings N.V. was founded in 1995 and is headquartered in Dublin, Ireland.
Contact Information
Market Cap
$25.22B
P/E (TTM)
6.5
19.6
Dividend Yield
0.8%
52W High
$149.24
52W Low
$85.57
52W Range
Rank48Top 64.4%
3.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q3 2025 Data
Revenue
$1.89B-2.80%
4-Quarter Trend
EPS
$7.09+254.50%
4-Quarter Trend
FCF
$504.78M-237.95%
4-Quarter Trend
2024 Annual Earnings Highlights
Key Highlights
Operating Cash Flow Rises Net cash from operations reached $5.437B in 2024, slightly up from $5.261B in 2023, supporting liquidity needs.
Total Revenue Growth Total revenues increased to $7.997B in 2024, driven by $416.2M total increase across all income sources.
Fleet Utilization High Owned aircraft utilization rate maintained 99% for 2024, demonstrating strong demand for the existing asset portfolio.
Ukraine Conflict Recoveries Recognized $195M in net recoveries related to Ukraine Conflict in 2024, primarily from insurance settlements.
Risk Factors
Substantial Debt Exposure Outstanding indebtedness totaled $45.5B as of December 31, 2024, requiring significant debt service payments.
Interest Rate Cost Increase Average cost of debt rose 14% to 4.0% in 2024, increasing borrowing costs on $11.0B floating rate debt.
Geopolitical Concentration Risk 13.3% of long-lived assets are leased to Chinese airlines, exposing the company to concentrated political risks.
Insurance Claim Uncertainty Collection timing and amount for remaining Ukraine Conflict insurance claims remain uncertain, impacting potential recoveries.
Outlook
Future Capital Commitments Commitments include purchasing 296 aircraft, 85 engines, and 11 helicopters, requiring substantial future funding access.
New Dividend Policy Adopted new quarterly dividend policy, declaring $146M in dividends during 2024, subject to future Board approval.
Fleet Modernization Progress Fleet modernization continues; 74% of the owned fleet by net book value now consists of new technology aircraft.
Financing Secured Arranged $17.5B in new financing during 2024, primarily via notes issuances and revolving credit facilities.
Peer Comparison
Revenue (TTM)
GPN$8.89B
AER$7.93B
DOV$7.92B
Gross Margin (Latest Quarter)
GPN72.3%
AER60.0%
RBA46.1%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| ESLT | $33.87B | 72.1 | 12.6% | 8.7% |
| DOV | $28.34B | 12.6 | 30.8% | 22.9% |
| FTAI | $28.08B | 57.5 | 370.3% | 81.3% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-3.0%
Flat Growth
4Q Net Income CAGR
21.9%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Next earnings:Feb 6, 2026
EPS:$3.31
|Revenue:$2.07B
Reports
All Years
Form 20-F - FY 2024
Period End: Dec 31, 2024|Filed: Feb 26, 2025|Revenue: $8.00B+5.5%|EPS: $11.06-20.9%BeatForm 20-F/A - FY 2023
Period End: Dec 31, 2023|Filed: Sep 13, 2024|Revenue: $7.58B+8.1%|EPS: $13.99+563.2%BeatForm 20-F - FY 2023
Period End: Dec 31, 2023|Filed: Feb 23, 2024|Refer to amended dataForm 20-F - FY 2022
Period End: Dec 31, 2022|Filed: Mar 2, 2023|Revenue: $7.01B+52.8%|EPS: $-3.49-144.2%MissForm 20-F/A - FY 2021
Period End: Dec 31, 2021|Filed: May 17, 2022|Revenue: $4.59B+2.1%|EPS: $6.83+393.1%MissForm 20-F - FY 2021
Period End: Dec 31, 2021|Filed: Mar 30, 2022|Refer to amended dataForm 20-F - FY 2020
Period End: Dec 31, 2020|Filed: Mar 2, 2021|Revenue: $4.49B-9.0%|EPS: $-2.33-127.4%Miss