Aircastle Limited's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Aircastle Limited (AYR) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Aircastle Limited vs Its Competitors
- TTM: Trailing 12-month revenue of 1,536M vs 2,946M combined for tracked competitors (34.3% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+12.0% annualized vs trailing 12 months), vs decelerating (-19.1%) for its tracked peer group.
- Growth: Aircastle Limited generated -4.6% revenue growth year over year in Q1 2026, vs -20.7% for its tracked competitors combined.
- Profitability: Its 7.8% net margin compares with -1.2% for the peer group.
- Peer revenue share: Aircastle Limited accounted for 41.9% of combined revenue among its tracked peer group, up from 37.5% a year earlier.
- Peer differentiation: Revenue per employee of $12.91M compares with $2.77M for the peer group (4.7x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
AYR Sales vs. its Competitors, Q1 2026
Aircastle Limited reported revenue contraction of 4.59 % year on year in Q1 2026, above its competitors' combined revenue change of -20.72 %.
With a net margin of 7.82 %, Aircastle Limited achieved higher profitability than its competitors (-1.15 %).
Aircastle Limited generated 41.91 % of the combined sales of its peer group, up from 37.48 % a year earlier.
Aircastle Limited vs. its Competitors, Q1 2026
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Aircastle Limited and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Aircastle Limited | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (4) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Aircastle Limited's competitor groups requires a Commercial License.
For context: the Rental & Leasing industry grew revenue 10.3% year over year, combined, vs -4.6% for Aircastle Limited. Aircastle Limited's share of combined industry revenue moved from 1.40% to 1.21%, a loss of 0.19 percentage points.
Aircastle Limited's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Aircastle Limited | Yes | Yes | Yes | No |
| Competitors combined (3) | ||||
| High-Confidence Competitors (5) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
AYR Stock Performance relative to its Competitors
AYR Stock Performance relative to High-Confidence Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Sumisho Air Lease Corporation | 282.9% | Outperformed |
| 2 | Aercap Holdings n v | 282.9% | Outperformed |
| 3 | Avalon Holdings Corporation | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Aircastle Limited's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Aircastle Limited's Comment on Competition and Industry Peers
Publicly Traded Peers of Aircastle Limited
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Aircastle Limited | - | 1,535.85 |
| Aercap Holdings n v | 25,802.70 | 8,516.67 |
| Avalon Holdings Corporation | 9.98 | 85.78 |
| Sumisho Air Lease Corporation | - | 2,860.27 |
| SUBTOTAL | 25,812.69 | 12,998.57 |
Sources: Aircastle Limited's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Aircastle Limited versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Aircastle Limited's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Industrial and Commercial Bank of China | Named by the company | 85% |
| BOC Aviation | Named by the company | 85% |
| Fly Leasing Ltd. | Named by the company | 85% |
| SMBC Aviation Capital | Named by the company | 85% |
| Air Lease Corporation | Named by the company | 85% |
| China Development Bank | Named by the company | 85% |
| Marubeni Corporation | Named by the company | 85% |
| Avolon Holdings | Named by the company | 85% |
| Carlyle Aviation Partners | Named by the company | 85% |
| General Electric | Named by the company | 85% |
| Aviation Capital | Named by the company | 85% |
| Dubai Aerospace Enterprise | Named by the company | 85% |
| Merx Aviation | Named by the company | 85% |
| AerCap | Named by the company | 85% |
| Castlelake | Named by the company | 85% |
| Time Inc. | Named by the company | 85% |
| Alternative Investment Corp | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Aircastle Limited's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Aircastle Limited's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Avalon Holdings Corporation | Golf and Related Operations 51.61 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Aircastle Limited's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Aircastle Limited | - | 12,906,294 | 1,498,983 |
| Aercap Holdings n v | 25,803 | 2,256,071 | 993,540 |
| Avalon Holdings Corporation | 10 | 424,658 | 4,475 |
| Sumisho Air Lease Corporation | - | 17,876,669 | 2,784,937 |
| PEERS TOTAL | 25,813 | 2,770,780 | 1,014,529 |
Aircastle Limited's Position in Industry Market Structure
Market-capitalization share and concentration across all 23 companies in Aircastle Limited's industry classification, broader than the peer set above. Market cap in millions of $.Aircastle Limited ranks #0 of 23 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,979, indicating a moderately concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | United Rentals Inc | 65,634 | 38.66 % |
| 2 | Aercap Holdings n v | 26,028 | 15.33 % |
| 3 | Ftai Aviation Ltd | 17,818 | 10.50 % |
| 4 | U haul Holding Company | 11,864 | 6.99 % |
| 5 | Ryder System Inc | 1,234 | 5.2% |
| 6 | Caris Life Sciences Inc | 1,234 | 5.2% |
| 7 | Herc Holdings Inc | 1,234 | 5.2% |
| 8 | Firefly Aerospace Inc | 1,234 | 5.2% |
| 9 | Avis Budget Group Inc | 1,234 | 5.2% |
| 10 | Equipmentshare com Inc | 1,234 | 5.2% |
| 0 | Aircastle Limited | - | 0.00 % |
Market cap and industry share for the rest of Aircastle Limited's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2020-03-27.
Aircastle Limited's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Rental & Leasing industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (46 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | - | 54.95 % (avg) | - |
| Operating Margin | - | industry median | - |
| EBITDA Margin | 52.89 % | 16.18 % (avg) | +36.7 pp |
| Capital Intensity (Capex / Revenue) | 87.15 % | 6.30 % (avg) | +80.9 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Aircastle Limited's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 3.06 % | 11.77 % | 3.10 % | -99.61 % | -16.92 % | 72.26 % | 5.13 % | 13.83 % |
| Operating Margin | 11.75 % | 29.20 % | 21.20 % | -177.59 % | -52.99 % | -18.26 % | - | - |
| Return on Invested Capital | 1.05 % | 2.79 % | 1.91 % | -0.67 % | -4.46 % | -2.84 % | - | - |
| P/E | 12.7x | 5.9x | 15.5x | - | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Aircastle Limited's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 1,979 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 87.15 % vs industry average 6.30 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Aircastle Limited's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Aircastle Limited's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Aircastle Limited's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Aircastle Limited falls in the Medium attractiveness / High strength cell: Invest / Grow.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Aircastle Limited's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+12.0% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
No rule matched.
Opportunities
- A meaningful share of tracked competitors (33.30 %) show financial-distress signals, a possible opening to gain share.
Threats
- Industry dominated by United Rentals Inc , holding 38.66 % of industry market cap.
- Tracked peer group's revenue run-rate is broadly decelerating (-19.1% annualized).
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Aircastle Limited's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Aircastle Limited | 0.71 | 1.00 | 0.59 |
| Aercap Holdings n v | 0.28 | 1.40 | 2.38 |
| Avalon Holdings Corporation | 0.22 | 1.00 | 0.77 |
| Sumisho Air Lease Corporation | 0.47 | 1.29 | 2.53 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Aircastle Limited's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Aircastle Limited | Q2 2026 | -4.6 % | -31.8 % |
| Aercap Holdings n v | Q4 2025 | +6.5 % | +78.7 % |
| Avalon Holdings Corporation | Q2 2026 | +3.2 % | +283.4 % |
| Sumisho Air Lease Corporation | Q2 2026 | -21.4 % | - |
| PEERS TOTAL | +3.7 % | +49.1 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Aircastle Limited's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Aircastle Limited | Q2 2026 | - | -77.6 % |
| Aercap Holdings n v | Q4 2025 | - | -27.8 % |
| Avalon Holdings Corporation | Q2 2026 | -0.5 % | +119.2 % |
| Sumisho Air Lease Corporation | Q2 2026 | - | - |
Aircastle Limited's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Aircastle Limited | 2.01% | 2.08% | 6.86% |
| Aercap Holdings n v | 5.23% | 4.92% | 20.47% |
| Avalon Holdings Corporation | 1.02% | 1.36% | 2.44% |
| Sumisho Air Lease Corporation | 1.37% | 1.35% | 5.66% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Aircastle Limited's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Aircastle Limited | - | - |
| Aercap Holdings n v | 6.88 | 3.03 |
| Avalon Holdings Corporation | 8.29 | 0.12 |
| Sumisho Air Lease Corporation | 9.33 | - |
| PEERS AVERAGE | 5.90 | 1.99 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.