AerCap Holdings N.V. (AER) intrinsic value & 10-year financials
AerCap Holdings N.V. (AER) has a Graham intrinsic value of $707.49 per share. Over the last 10 fiscal years revenue grew 97.9% a year to $8.5B, with an average return on invested capital of 2.7%.
- Graham intrinsic value
- $707.49
- Revenue (FY2025)
- $8.5B
- Revenue growth (10-yr CAGR)
- 97.9%
- ROIC (10-yr avg)
- 2.7%
- Free cash flow (FY2025)
- —
AER 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $8.5B | $3.8B | $21.30 | — | — | 6.2% |
| FY2024 | $8.0B | $2.1B | $10.79 | — | — | 3.4% |
| FY2023 | $7.6B | $3.1B | $13.78 | — | — | 5.1% |
| FY2022 | $7.0B | -$726.0M | -$3.02 | — | — | -1.2% |
| FY2021 | $15.7M | $1.0B | $6.71 | — | — | 2.0% |
| FY2020 | $9.7M | -$298.6M | -$2.34 | — | — | -0.8% |
| FY2019 | $12.4M | $1.1B | $8.43 | — | — | 3.1% |
| FY2018 | $14.5M | $1.0B | $6.83 | — | — | 2.8% |
| FY2017 | $13.4M | $1.1B | $6.43 | — | — | 3.1% |
| FY2016 | $18.3M | $1.0B | $5.52 | — | — | 3.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
AerCap Holdings N.V. is a consistent compounder, expanding top-line revenue at 97.9% annually over the past decade.
AerCap Holdings N.V. has historically struggled to out-earn its cost of capital, averaging just 2.7% ROIC.
Over the decade, AerCap Holdings N.V. shows that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, AerCap Holdings N.V. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $707.49 per share.