Air Lease Corporation (AL)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 567,619 | 289,219 | 265,092 | 253,393 | -1,294,089 | -1,084,506 | -1,079,164 | -1,097,709 | 415,736 | 757,055 | 786,608 | 856,082 | 922,817 | 982,271 | 1,008,327 | 983,743 | 985,635 | 887,060 | 1,636,131 | 2,334,813 |
| 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 |
| Operating profit margin | 21.14% | 11.25% | 10.72% | 10.75% | -55.84% | -46.89% | -47.41% | -49.67% | 19.91% | 38.23% | 40.35% | 43.26% | 45.79% | 47.34% | 47.74% | 47.70% | 48.87% | 46.24% | 89.01% | 132.32% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $567,619K ÷ $2,684,978K
= 21.14%
Air Lease Corporation's operating profit margin has shown variability over the past few quarters, ranging from negative figures to positive percentages. The company experienced a significant decline in operating profit margin in the fourth quarter of 2022 and the first quarter of 2023, with margins falling as low as -55.84% and -49.67%, respectively. However, there has been a noticeable improvement in recent quarters, with margins trending upwards to reach 21.14% in December 2023.
It is important to note the fluctuation in operating profit margin, which may indicate changes in the company's cost structure, pricing strategies, or operational efficiency. The company's ability to maintain and improve its operating profit margin in the future will be crucial for its overall financial health and sustainability.
Peer comparison
Dec 31, 2023