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AerCap Holdings N.V.
🏹 Trader: 🎯 Near 52W High | BRS 68 Forming View all →
$25.2B
Market Cap
6.7
P/E
0.78
PEG
ROCE
21.1%
ROE
2.38
D/E
OPM
-4.8%
% from 52W High
61
α RS
🔍 AER is showing a near-52W-high setup because it's within 4.8% of its 52-week high, it matches 2 of 37 tracked screener presets, and RS Rating is 61. Net: Broad signal stack, not a recommendation. ? 52W High Conviction RS Rating
Sources
4.8% from 52W high · Conviction 2/37 · RS Rating 61
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📈 Price History
Ratio Health
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About

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in the United States, China, and internationally.

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Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$2.167B
+15% YoY
Adjusted EPS
$5.14
Adjusted ROE 18%
GAAP Net Income
$726M
$4.59 GAAP EPS
Asset Sale Gain Margin
20%
1.7x book value on equity basis
What Went Right
  • Adjusted EPS of $5.14 and adjusted ROE of 18%, supported by $1.5B operating cash flow.
  • Raised full-year 2026 adjusted EPS guidance to ~$16.80 and expects $4B-$5B asset sales.
  • Completed $1.4B asset sales at a 20% gain margin and repurchased $691M of shares in Q2 (over $1.4B in H1).
  • Passenger aircraft lease extension rate reached 85%, well above the historical average.
What to Watch
  • Geopolitical challenges and higher airline input costs are pressuring airline margins; global traffic growth has moderated, with weakness in Middle East, Asia Pacific and North America.
  • Net maintenance contribution was above normal in H1 and is expected to normalise in H2, a potential sequential headwind.
  • Aeroderivative/data-centre power opportunity remains uncommitted; management flagged risks around reliability, grid capacity, alternative technologies and long-term demand.
  • Leverage remains 2.05x with management saying it will take time to return to mid-2s target.
Management Guidance
  • Full-year 2026 adjusted EPS guidance raised to ~$16.80, excluding any additional H2 gains on asset sales.
  • Full-year 2026 asset sales expected to be $4B-$5B; H1 sales were $2.8B.
  • FY2026 adjusted EPS excluding gains on sale estimated at ~$14, with $2.80 of gains from H1 included.
Investor Lens
The thesis is stronger after this quarter: AerCap delivered an 18% ROE, raised guidance and bought back 6% of shares in H1 while keeping leverage at 2.05x. The $22B liquidity position and ~$3.5B of excess capital provide room for further buybacks and opportunistic deployment. The new Boeing 787 order confirms access to scarce wide-body slots, although airline input-cost inflation and moderating regional traffic are factors to watch.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Strong quarter: adjusted EPS $5.14, ROE 18%, guidance raised.
Revenue
Total revenues and other income were $2.167B, up 15% YoY. Basic lease rents were $1.677B, maintenance rents were $177M, and net gains on asset sales were $223M.
Profitability
GAAP net income was $726M, or $4.59 per share. Adjusted net income was $811M, or $5.14 per share, producing an adjusted ROE of 18%.
Margins
Lease yield was up ~30bps YoY and net spread up ~50bps; adjusted net interest margin was $1,232M versus $1,170M a year ago. Asset sale gain margin was 20% for the quarter.
Balance Sheet
Total liquidity sources were ~$22B, including ~$1.7B cash, $10B revolvers and $3B other committed facilities. Operations generated $1.5B cash flow in Q2; leverage was 2.05x and average cost of debt was 4.2%.
Key Risks
Management highlighted geopolitical-driven input-cost pressure on airlines and moderating traffic in several regions. It also flagged long-term uncertainties in the aeroderivative/data-centre opportunity, including reliability, grid-capacity expansion and alternative technology, so no investment has been committed.
Outlook
Full-year 2026 adjusted EPS guidance was raised to ~$16.80, excluding additional H2 gains on sales. Management expects asset sales of $4B-$5B for the year and a normalisation of net maintenance contribution in H2.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-29
Q2 2026 saw strong financial performance, with adjusted EPS of $5.14 and ROE of 18%. Full-year EPS guidance was raised to $16.80, supported by robust asset sales, disciplined capital allocation, and a healthy industry backdrop. Share repurchases and new aircraft orders further strengthened the outlook.
Q1 2026 Q1 2026 2026-04-29
Record Q1 2026 results with $889M adjusted net income and 19% ROE, driven by strong aviation asset demand, disciplined capital allocation, and robust liquidity. Raised full-year EPS guidance and announced a $1B share-repurchase program.
Q4 2025 Q4 2025 2026-02-06
Record 2025 results included $3.8B GAAP net income, $8.5B revenue, and $2.6B returned to shareholders. 2026 guidance projects $12–$13 adjusted EPS, with strong demand, robust liquidity, and continued capital deployment flexibility.
Q3 2025 Q3 2025 2025-10-29
Q3 2025 saw record net income, strong gains on asset sales, and robust demand for aircraft, with utilization rates above 99%. Full-year EPS guidance was raised to $13.70, reflecting higher lease revenue and gains on sale, while disciplined capital deployment and buybacks continued.
Q2 2025 Q2 2025 2025-07-30
Record Q2 net income and EPS driven by strong asset demand and a major insurance award. Aircraft and engine segments saw high utilization and extension rates, supporting a raised full-year EPS outlook and robust liquidity. Capital deployment remains focused on buybacks and growth opportunities.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Information Sources:
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