Aercap Holdings N.V.
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+ FollowMarket Cap$24.48B
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Earnings Call Q3 2026
October 28, 2026 - AI Summary
Record Q3 performance; raised full-year guidance
- Adjusted EPS $6.56 (record) vs. GAAP EPS $6.17; adjusted ROE 22%.
- GAAP net income $949m; adjusted net income $1.09b.
- Raised 2026 adjusted EPS guidance to ~$20.70/share (explicitly excluding additional Q4 gains on asset sales). Company guidance framework: ~$16 EPS excluding sale gains + ~$4.70 already recognized gains on sale in the first 9 months.
Strong asset sales/gain-on-sale continues; expects normalization later
- Q3 asset sales: 70 owned assets for ~$1.1b proceeds; unlevered gain margin ~45% (about 2.6x book equity).
- Guidance update: 2026 asset sales now expected “over $5b” (vs prior expectation $4b–$5b).
- Key driver of upside: higher net maintenance contribution and higher other income.
- Potential “bad/surprising” risk: margins can be “lumpy” quarter-to-quarter; management cautions that gain-on-sale margins bounce based on what’s sold.
Leasing fundamentals remain solid; demand > supply; visibility from order book
- Demand strong and asset supply constrained supporting lease rates and sale opportunities.
- Order book fully placed through end of 2027; 80% through end of 2028.
- 131 new aircraft added to order book in 2026; average remaining lease term >7 years (earnings visibility).
- Portfolio quality: 83% of fleet is new technology or freighter (management cites this as core to resilience and future positioning).
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$-118.07
172.3% downside
Current Fair Value
172.3% downsideOvervalued by 172.3% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $24.48 Billion |
|---|---|
| Enterprise Value | $65.45 Billion |
| Annual dividend | $1.47 |
| Dividend yield | 0.93% |
| Earnings per Share | $21.78 |
| Beta | 0.98 |
| Outstanding Shares | 152,429,789 |
Return
| Return on Equity | 16.98% |
|---|---|
| Return on Assets | 4.39% |
| Return on Invested Capital | 7.46% |
Valuation & Multiples
| P/E Ratio | 8.01 |
|---|---|
| PEG | -8.02 |
| Price to Sales | 2.87 |
| Price to Book Ratio | 1.36 |
| Enterprise Value to Revenue | 7.5 |
| Enterprise Value to EBIT | 13.34 |
| Enterprise Value to Net Income | 20 |
| Total Debt to Enterprise | 0.65 |
| Debt to Equity | 2.32 |
Revenue Sources
No data
Last Earnings Call
Report Date
October 28, 2026
EPS Estimate
$4.56
Consensus analyst estimateRevenue Estimate
$2.15 B
Consensus analyst estimateNext Earnings Call
Expected Date
November 4, 2026
EPS Estimate
$4.35
Consensus analyst estimateRevenue Estimate
$2.10 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 43.88% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 5.61%▼ 82.16% |
|---|---|
| Total Invested | $1.24B▼ 93.78% |
| Investors Holding | 201▼ 519.00% |
About Aercap Holdings N.V.
390 employees
CEO: Aengus Kelly
AerCap is the world's largest aircraft leasing company after acquiring International Lease Finance Corporation in 2014. As of June 2020, AerCap had 1,035 owned, managed aircraft in its portfolio. AerCap serves over 200 customers in appro...