AerSale
ASLE on Nasdaq. AerSale sells aircraft, engines, parts, and maintenance services to airlines, lessors, and government agencies. Market value $236m.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Industrials stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $-14.88 of spare cash in the past 12 months. A savings account pays about $4.
You pay 208.0 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 2 cents a year. Above 10 is good.
Quality score: 53 of 100. Price score: 0 of 100. Our list needs 70 on quality and 60 on price.
$4.97 a share, at its 1-year low
Over the past year the price has ranged from $4.89 to $8.58.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $340m | $409m | $335m | $345m | $335m |
| Operating margin | |||||
| Operating margin | 16.6% | 13.5% | -3.2% | 2.8% | 4.7% |
| Debt to equity | |||||
| Debt to equity | 0.00 | 0.00 | 0.08 | 0.09 | 0.26 |
| Shares outstanding | |||||
| Shares outstanding | 0.05bn | 0.05bn | 0.05bn | 0.05bn | 0.05bn |
Health checks
- Free cash flow positive1 of 5 years
- Accounting looks honest (Beneish)Watch
- Financial strength (Piotroski)4 of 9
- Profit backed by cash (accruals)Yes
- Debt0.26× equity
- Revenue growth, five yearsSlow, 9.9% a year
- Buying back its own sharesYes, 8% fewer since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $71 million last quarter, down 34% on a year ago.
- A loss of $6 million, after a profit of $9 million a year ago.
- It keeps 1 cents of each $1 of sales as operating profit, down from 4 cents a year earlier.
- Over the past 12 months it spent $35 million more cash than it brought in. A year earlier it had $12 million spare.
- 1% more shares than a year ago. Each share owns a bit less of the company.
- Debt is $146 million more than cash, up from $110 million a year ago.
- Sales grew on a year ago in 1 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $83m |
| December 2024 | $95m |
| March 2025 | $66m |
| June 2025 | $107m |
| September 2025 | $71m |
| December 2025 | $91m |
| March 2026 | $71m |
| June 2026 | $71m |
| Quarter to | Amount |
|---|---|
| September 2024 | $509,000 |
| December 2024 | $3m |
| March 2025 | -$5m |
| June 2025 | $9m |
| September 2025 | -$120,000 |
| December 2025 | $5m |
| March 2026 | -$3m |
| June 2026 | -$6m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 10 March 2026
- Next quarterly (estimated, 10-Q)
- 6 November 2026
Who owns it
2 long-term investors we follow own it, unchanged from 2 last quarter. 144 funds in all.
- First Pacific Advisors (FPA)Steven Romick
- Value
- $1m
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| First Pacific Advisors (FPA)Steven Romick | $1m | <0.1% | |
| Boston PartnersBoston Partners team | $367,150 | <0.1% | Added |
Largest holders overall
- M3F$28mAdded
- BlackRock$17mAdded
- Private Capital Management$13mAdded
- Acadian Asset Management$12mAdded
- Vanguard Capital Management$10mAdded
- Dimensional Fund Advisors LP$10mAdded
- American Century Companies$7mAdded
- Private Management Group$7m
- Raffles Associates LP$6mAdded
- Geode Capital Management$6mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%.
- M3 Funds, LLCPassive investorat least 8.4%+1.4 pts(filed with 4 related holders)Since 31 March 2026
- BlackRock, Inc.Passive investor5.3%+0.9 ptsSince 30 June 2026
- Leonard Green & Partners, L.P.Passive investorat least 4.9%−1.0 pts(filed with 6 related holders)Since 11 September 2025
What they said
The disclosure provided in Item 4 of the Schedule 13D is updated to include the following disclosure. On August 13, 2025, GEI CF, GEI Side CF and Associates CF sold an aggregate of 53,987 shares of Common Stock in an open market sale, at a weighted average price of $8.59 per…
Read the filing - AltraVue Capital, LLCPassive investorSold down below 5%Since 7 October 2024
| Holder | Stake | Since | |
|---|---|---|---|
M3 Funds, LLC Passive investor | at least 8.4%+1.4 pts (filed with 4 related holders) | 31 March 2026 | |
BlackRock, Inc. Passive investor | 5.3%+0.9 pts | 30 June 2026 | |
Leonard Green & Partners, L.P. Passive investor | at least 4.9%−1.0 pts (filed with 6 related holders) | 11 September 2025 | What they saidThe disclosure provided in Item 4 of the Schedule 13D is updated to include the following disclosure. On August 13, 2025, GEI CF, GEI Side CF and Associates CF sold an aggregate of 53,987 shares of Common Stock in an open market sale, at a weighted average price of $8.59 per… Read the filing |
AltraVue Capital, LLC Passive investor | Sold down below 5% | 7 October 2024 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 2 insiders bought $64,078 of shares on the open market. 6 sold $173,220, $173,220 of it under preset trading plans.
- Tschirhart Benjamin ThomasSee RemarksSoldunder a preset trading plan
- Date
- 1 September 2026
- Shares
- 882
- Price
- $5.44
- Value
- $4,797
- Tschirhart Benjamin ThomasSee RemarksSoldunder a preset trading plan
- Date
- 6 July 2026
- Shares
- 77
- Price
- $6.56
- Value
- $505
- Pizzi EnriqueSee RemarksSoldunder a preset trading plan
- Date
- 9 June 2026
- Shares
- 3,122
- Price
- $6.34
- Value
- $19,793
- Tschirhart Benjamin ThomasSee RemarksSoldunder a preset trading plan
- Date
- 9 June 2026
- Shares
- 1,886
- Price
- $6.34
- Value
- $11,957
- Jones Gary EdmundSee RemarksSoldunder a preset trading plan
- Date
- 9 June 2026
- Shares
- 7,491
- Price
- $6.34
- Value
- $47,493
- Garmendia MartinSee RemarksSoldunder a preset trading plan
- Date
- 9 June 2026
- Shares
- 6,094
- Price
- $6.34
- Value
- $38,636
- Hechenberger Paul AndrewSee RemarksSoldunder a preset trading plan
- Date
- 9 June 2026
- Shares
- 1,586
- Price
- $6.34
- Value
- $10,055
- Wright Frederick CraigSee RemarksSoldunder a preset trading plan
- Date
- 9 June 2026
- Shares
- 4,182
- Price
- $6.34
- Value
- $26,514
- Fedder Judith AnnDirectorBought
- Date
- 11 March 2026
- Shares
- 1,000
- Price
- $6.46
- Value
- $6,460
- Pizzi EnriqueChief Information OfficerSoldunder a preset trading plan
- Date
- 8 January 2026
- Shares
- 1,825
- Price
- $7.38
- Value
- $13,469
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 1 September 2026 | Tschirhart Benjamin Thomas See Remarks | Sold under a preset trading plan | 882 | $5.44 | $4,797 |
| 6 July 2026 | Tschirhart Benjamin Thomas See Remarks | Sold under a preset trading plan | 77 | $6.56 | $505 |
| 9 June 2026 | Pizzi Enrique See Remarks | Sold under a preset trading plan | 3,122 | $6.34 | $19,793 |
| 9 June 2026 | Tschirhart Benjamin Thomas See Remarks | Sold under a preset trading plan | 1,886 | $6.34 | $11,957 |
| 9 June 2026 | Jones Gary Edmund See Remarks | Sold under a preset trading plan | 7,491 | $6.34 | $47,493 |
| 9 June 2026 | Garmendia Martin See Remarks | Sold under a preset trading plan | 6,094 | $6.34 | $38,636 |
| 9 June 2026 | Hechenberger Paul Andrew See Remarks | Sold under a preset trading plan | 1,586 | $6.34 | $10,055 |
| 9 June 2026 | Wright Frederick Craig See Remarks | Sold under a preset trading plan | 4,182 | $6.34 | $26,514 |
| 11 March 2026 | Fedder Judith Ann Director | Bought | 1,000 | $6.46 | $6,460 |
| 8 January 2026 | Pizzi Enrique Chief Information Officer | Sold under a preset trading plan | 1,825 | $7.38 | $13,469 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 10 Mar 2026, plus the 10-Q filed 7 Aug 2026 and 4 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- It isn't cheap on profits: 208.0× operating profit.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.