AER vs. AL

Last updated Apr 1, 2026

Compare and contrast key facts about AerCap Holdings N.V. (AER) and Air Lease Corporation (AL).

Performance

AER vs. AL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AerCap Holdings N.V. (AER) and Air Lease Corporation (AL). The values are adjusted to include any dividend payments, if applicable.

AER vs. AL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AER AerCap Holdings N.V.	-4.32%	51.66%	29.81%	27.43%	-10.85%	43.53%	-25.85%	55.23%	-24.73%	26.44%
AL Air Lease Corporation	1.45%	35.30%	17.06%	11.40%	-11.42%	1.09%	-3.97%	59.43%	-36.52%	41.21%

Fundamentals

Market Cap AER : $22.89B AL : $7.30B
EPS AER : $21.70 AL : $9.59
PE Ratio AER : 6.32 AL : 6.77
PEG Ratio AER : 0.16 AL : 0.16
PS Ratio AER : 2.95 AL : 2.42
PB Ratio AER : 1.25 AL : 0.86
Total Revenue (TTM) AER : $8.02B AL : $3.02B
Gross Profit (TTM) AER : $4.21B AL : $647.78M
EBITDA (TTM) AER : $6.02B AL : $2.10B

Returns By Period

In the year-to-date period, AER achieves a -4.32% return, which is significantly lower than AL's 1.45% return. Over the past 10 years, AER has outperformed AL with an annualized return of 13.67%, while AL has yielded a comparatively lower 9.02% annualized return.

AER

• 1D: 3.94%
• 1M: -8.20%
• YTD: -4.32%
• 6M: 13.90%
• 1Y: 35.54%
• 3Y*: 35.53%
• 5Y*: 18.64%
• 10Y*: 13.67%

AL

• 1D: 0.28%
• 1M: 0.50%
• YTD: 1.45%
• 6M: 2.73%
• 1Y: 36.33%
• 3Y*: 20.23%
• 5Y*: 7.41%
• 10Y*: 9.02%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

AER vs. AL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AER

AER Risk / Return Rank: 80
AER Sharpe Ratio Rank: 82
AER Sortino Ratio Rank: 75
AER Omega Ratio Rank: 79
AER Calmar Ratio Rank: 82
AER Martin Ratio Rank: 85

AL

AL Risk / Return Rank: 84
AL Sharpe Ratio Rank: 84
AL Sortino Ratio Rank: 81
AL Omega Ratio Rank: 94
AL Calmar Ratio Rank: 77
AL Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AER vs. AL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AerCap Holdings N.V. (AER) and Air Lease Corporation (AL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AER	AL	Difference
Sharpe ratio Return per unit of total volatility	1.33	1.46	-0.13
Sortino ratio Return per unit of downside risk	1.81	2.10	-0.29
Omega ratio Gain probability vs. loss probability	1.27	1.48	-0.21
Calmar ratio Return relative to maximum drawdown	2.41	1.92	+0.48
Martin ratio Return relative to average drawdown	7.49	8.62	-1.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AER vs. AL - Sharpe Ratio Comparison

The current AER Sharpe Ratio is 1.33, which is comparable to the AL Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of AER and AL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AER	AL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	1.46	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.23	+0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.20	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.18	+0.02

Correlation

The correlation between AER and AL is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

AER vs. AL - Dividend Comparison

AER's dividend yield for the trailing twelve months is around 0.88%, less than AL's 1.36% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AER AerCap Holdings N.V.	0.88%	0.75%	0.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
AL Air Lease Corporation	1.36%	1.37%	1.76%	1.93%	1.97%	1.50%	1.37%	1.14%	1.42%	0.68%	0.66%	0.51%

Drawdowns

AER vs. AL - Drawdown Comparison

The maximum AER drawdown since its inception was -94.38%, which is greater than AL's maximum drawdown of -78.22%. Use the drawdown chart below to compare losses from any high point for AER and AL.

Drawdown Indicators

	AER	AL	Difference
Max Drawdown Largest peak-to-trough decline	-94.38%	-78.22%	-16.16%
Max Drawdown (1Y) Largest decline over 1 year	-14.77%	-19.02%	+4.25%
Max Drawdown (5Y) Largest decline over 5 years	-45.14%	-38.45%	-6.69%
Max Drawdown (10Y) Largest decline over 10 years	-75.86%	-78.22%	+2.36%
Current Drawdown Current decline from peak	-11.16%	0.00%	-11.16%
Average Drawdown Average peak-to-trough decline	-28.57%	-16.77%	-11.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.75%	4.24%	+0.51%

Volatility

AER vs. AL - Volatility Comparison

AerCap Holdings N.V. (AER) has a higher volatility of 12.30% compared to Air Lease Corporation (AL) at 0.71%. This indicates that AER's price experiences larger fluctuations and is considered to be riskier than AL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AER	AL	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.30%	0.71%	+11.59%
Volatility (6M) Calculated over the trailing 6-month period	18.90%	1.40%	+17.50%
Volatility (1Y) Calculated over the trailing 1-year period	26.85%	24.98%	+1.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.28%	32.72%	-0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.94%	44.30%	-2.36%

Financials

AER vs. AL - Profitability Comparison

The chart below illustrates the profitability comparison between AerCap Holdings N.V. and Air Lease Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AER - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, AerCap Holdings N.V. reported a gross profit of 1.13B and revenue of 2.17B. Therefore, the gross margin over that period was 52.3%.

AL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Air Lease Corporation reported a gross profit of 0.00 and revenue of 820.38M. Therefore, the gross margin over that period was 0.0%.

AER - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, AerCap Holdings N.V. reported an operating income of 946.83M and revenue of 2.17B, resulting in an operating margin of 43.7%.

AL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Air Lease Corporation reported an operating income of 0.00 and revenue of 820.38M, resulting in an operating margin of 0.0%.

AER - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, AerCap Holdings N.V. reported a net income of 632.81M and revenue of 2.17B, resulting in a net margin of 29.2%.

AL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Air Lease Corporation reported a net income of 169.85M and revenue of 820.38M, resulting in a net margin of 20.7%.