Air Lease Corporation (AL)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 567,619 | -1,067,100 | 415,737 | 550,994 | 612,032 |
| Revenue | US$ in thousands | 2,684,980 | 2,317,300 | 2,088,390 | 2,015,440 | 2,016,900 |
| Operating profit margin | 21.14% | -46.05% | 19.91% | 27.34% | 30.35% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $567,619K ÷ $2,684,980K
= 21.14%
To assess Air Lease Corporation's operating profit margin over the past five years, we observe significant fluctuations. In 2023, the operating profit margin stood at 21.14%, indicating that 21.14% of the company's revenue translates into operating profit after deducting operating expenses. This marks a substantial recovery from the negative margin of -46.05% in 2022, which suggests the company managed to reverse losses and generate positive operating profit.
Comparing the 2023 margin to the previous years, there was a decline from 2019 (30.35%) and 2020 (27.34%), potentially reflecting changes in operating expenses or revenue dynamics during the year. The 2021 margin of 19.91% showed a slight decrease compared to 2023, possibly indicating some cost pressures impacting profitability.
Overall, Air Lease Corporation's operating profit margin has displayed variability in recent years, with fluctuations possibly influenced by various operational factors such as leasing activity, fleet management, and industry conditions. Further analysis of the company's financial performance and operational strategies could provide insights into the drivers behind these fluctuations in the operating profit margin.
Peer comparison
Dec 31, 2023