Air Lease Corporation (AL)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 533,257 | 753,634 | -138,765 | 541,016 | 646,678 |
| Revenue | US$ in thousands | 2,733,660 | 2,684,980 | 2,317,300 | 2,088,390 | 2,015,440 |
| Pretax margin | 19.51% | 28.07% | -5.99% | 25.91% | 32.09% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $533,257K ÷ $2,733,660K
= 19.51%
The pretax margin of Air Lease Corporation has shown fluctuations over the past five years. In December 2020, the pretax margin stood at 32.09%, indicating that for every dollar of revenue, the company generated 32.09 cents in pretax profit. However, by December 2021, the pretax margin decreased to 25.91%, signaling a slight decline in profitability.
In December 2022, the pretax margin took a significant downturn, reaching -5.99%. This negative value suggests that the company incurred pretax losses during this period, possibly due to various operational challenges or one-time expenses.
The following year, in December 2023, the pretax margin rebounded to 28.07%, indicating an improvement in profitability compared to the previous year. Nevertheless, in December 2024, the pretax margin dropped to 19.51%, showing a decrease in profitability compared to the prior year.
Overall, the pretax margin of Air Lease Corporation has displayed a fluctuating trend, with periods of both growth and decline in profitability over the analyzed five-year period. Further investigation into the company's cost structure, revenue streams, and overall financial performance may provide insights into the factors driving these fluctuations.
Peer comparison
Dec 31, 2024