Air Lease Corporation (AL)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 347,323 | 472,309 | 508,743 | 544,553 | 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 |
| 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 |
| Operating profit margin | 12.71% | 17.25% | 18.80% | 20.08% | 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% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $347,323K ÷ $2,733,657K
= 12.71%
The operating profit margin for Air Lease Corporation has shown a declining trend from March 31, 2022, to December 31, 2024. After reaching a peak of 47.74% in June 30, 2020, the operating profit margin steadily decreased to a low of -55.84% in December 31, 2022. This negative trend indicates that the company's operating expenses were surpassing its operating income during this period.
However, there was a notable turnaround in the company's performance starting from March 31, 2023, where the operating profit margin increased to 10.75% and continued to improve in subsequent quarters. By December 31, 2024, the operating profit margin had recovered to 12.71%, signifying a positive bounce-back in the company's operational efficiency.
Overall, the fluctuating operating profit margin of Air Lease Corporation reflects the challenges faced by the company in managing its operating costs and revenues over the reviewed period, with a recent positive trend indicating a potential recovery in profitability.
Peer comparison
Dec 31, 2024