Aercap Holdings N.V.
AER
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+ FollowMarket Cap$23.07B
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Earnings Call Q2 2026
July 29, 2026 - AI Summary
Q2 performance was strong and recurring, with cash strength
- Adjusted EPS: $5.14 (GAAP EPS $4.59), adjusted ROE 18%.
- Cash flow from operations: $1.5B in the quarter (supports flexibility for both growth and shareholder returns).
- Core income drivers: basic lease rents $1.677B, maintenance revenues $177M and net maintenance contribution $131M (temporarily elevated due to timing/claims; expected to normalize in 2H).
Guidance raised (forecast) with explicit assumption on asset-sale gains
- Full-year 2026 adjusted EPS raised to ~$16.80/share, excluding any additional gains on asset sales.
- EPS build: now expects ~$14/share excluding gains on sale, plus $2.80/share of gains on sale from 1H; no gains-on-sale assumed in 2H.
- Asset-sale plan remains a key swing factor: already $2.8B sold in 1H, with full-year expected $4B–$5B sales (confidence supported by strong buyer demand).
Shareholder returns were aggressive; buybacks materially exceeded annual cadence
- Q2 buybacks: $691M (4.9M shares). First half buybacks: >$1.4B.
- Management framed returns as balanced with maintaining liquidity/excess capital to exploit opportunistic deals.
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$-118.07
178.9% downside
Current Fair Value
178.9% downsideOvervalued by 178.9% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $23.07 Billion |
|---|---|
| Enterprise Value | $64.04 Billion |
| Dividend Yield | $1.47 (1.00%) |
| Earnings per Share | $21.78 |
| Beta | 0.93 |
| Outstanding Shares | 156,060,929 |
Return
| Return on Equity | 6615.73% |
|---|---|
| Return on Assets | 1710.94% |
| Return on Invested Capital | 1857.73% |
Valuation & Multiples
| P/E Ratio | 7.08 |
|---|---|
| PEG | -16.71 |
| Price to Sales | 0.01 |
| Price to Book Ratio | 1.28 |
| Enterprise Value to Revenue | 0.03 |
| Enterprise Value to EBIT | 0.05 |
| Enterprise Value to Net Income | 0 |
| Total Debt to Enterprise | 0.67 |
| Debt to Equity | 2.32 |
Revenue Sources
No data
Insider Trades
Last Earnings Call
Report Date
July 29, 2026
EPS Estimate
$4.14
Average shareholder expectationRevenue Estimate
$2.10 B
Average shareholder expectationNext Earnings Call
Expected Date
November 4, 2026
EPS Estimate
$4.15
Average shareholder expectationRevenue Estimate
$2.08 B
Average shareholder expectationInstitutional Put/Call Ratio
Market sentiment based on institutional option activity.
| Put/Call Ratio | 0.4388▼ 32.78% |
|---|---|
| Total Calls | 664,800▼ 13.31% |
| Total Puts | 291,700▼ 50.38% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 84.36%▼ 4.85% |
|---|---|
| Total Invested | $19.86B▲ 0.45% |
| Investors Holding | 709▲ 25.00% |
ESG Score
No data
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...