Air Lease Corporation (AL)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,547,723 | 2,549,938 | 2,520,786 | 2,526,002 | 2,498,963 | 1,801,294 | 1,706,316 | 1,598,428 | 771,447 | 1,358,926 | 1,330,737 | 1,276,743 | 1,963,109 | 1,895,632 | 1,875,567 | 1,905,145 | 1,940,297 | 1,999,751 | 2,022,576 | 1,971,432 |
| Revenue (ttm) | US$ in thousands | 2,733,657 | 2,737,330 | 2,706,530 | 2,712,146 | 2,684,978 | 2,570,020 | 2,471,990 | 2,356,782 | 2,317,301 | 2,312,867 | 2,276,042 | 2,210,223 | 2,088,389 | 1,980,315 | 1,949,407 | 1,978,879 | 2,015,439 | 2,074,893 | 2,112,194 | 2,062,240 |
| Gross profit margin | 93.20% | 93.15% | 93.14% | 93.14% | 93.07% | 70.09% | 69.03% | 67.82% | 33.29% | 58.76% | 58.47% | 57.77% | 94.00% | 95.72% | 96.21% | 96.27% | 96.27% | 96.38% | 95.76% | 95.60% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,547,723K ÷ $2,733,657K
= 93.20%
The gross profit margin of Air Lease Corporation has shown fluctuations over the analyzed periods. The trend indicates a generally high level of gross profit margin, starting at around 95% and gradually increasing to over 96% in late 2020. However, there was a notable decline in the margin in the following periods, dropping to around 58% in mid-2022, followed by a further decrease to around 33% by the end of 2022.
Subsequently, there was a significant recovery in the gross profit margin, with a sharp increase reaching above 70% in late 2023. This upward trend continued into 2024, where the gross profit margin consistently remained above 93%, indicating a strong performance in terms of generating profit from sales after deducting the cost of goods sold.
Overall, the gross profit margin analysis reflects both the challenges and resilience of Air Lease Corporation in maintaining profitability, despite facing fluctuations in the operating environment.
Peer comparison
Dec 31, 2024