Air Lease Corporation (AL)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 614,622 | -97,024 | 436,632 | 516,264 | 587,121 |
| Revenue | US$ in thousands | 2,684,980 | 2,317,300 | 2,088,390 | 2,015,440 | 2,016,900 |
| Net profit margin | 22.89% | -4.19% | 20.91% | 25.62% | 29.11% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $614,622K ÷ $2,684,980K
= 22.89%
The net profit margin of Air Lease Corporation has fluctuated over the past five years. In 2023, the net profit margin improved significantly to 22.89%, showcasing the company's ability to generate profits as a percentage of its total revenue. This marks a positive trend compared to 2022, where the company experienced a negative net profit margin of -4.19%, indicating a loss during that period.
The highest net profit margin in recent years was recorded in 2019 at 29.11%, highlighting the company's strong profitability at that time. However, in 2020 and 2021, the net profit margin dipped slightly to 25.62% and 20.91%, respectively, before rebounding in 2023.
Overall, Air Lease Corporation's net profit margin performance reflects varying levels of profitability over the years, with the most recent improvement in 2023 suggesting a positive turnaround in the company's financial performance.
Peer comparison
Dec 31, 2023