Air Lease Corporation (AL)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 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 | 1,924,716 | 1,826,141 | 2,509,414 | 3,147,640 |
| Revenue (ttm) | US$ in thousands | 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 | 2,016,904 | 1,918,329 | 1,838,125 | 1,764,544 |
| Gross profit margin | 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% | 95.43% | 95.19% | 136.52% | 178.38% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,498,963K ÷ $2,684,978K
= 93.07%
The gross profit margin of Air Lease Corporation has shown fluctuations over the past few quarters. The gross profit margin was relatively low in the first quarter of 2020 at 33.29% but gradually increased and reached a peak of 178.38% in the third quarter of 2019. However, there was a significant decline in the most recent quarter, with the gross profit margin dropping to 93.07%.
In general, the company has maintained a high gross profit margin, indicating its ability to efficiently generate profits from its sales after accounting for the cost of goods sold. The recent dip in the margin may warrant further investigation into factors affecting the company's cost structure or pricing strategies. It is important for investors and stakeholders to monitor the trend in the gross profit margin to assess the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023