Aercap Holdings vs Watsco
Aercap Holdings is the larger business, with $8.52bn of revenue in fiscal 2025 against $7.24bn for Watsco (1.2 times as much). Aercap Holdings grew faster (6.5% against -5.0%). Aercap Holdings kept more of each dollar of sales as profit: a net margin of 44.0% against 6.9%.
| Latest fiscal year | Aercap HoldingsAER, 2025 | WatscoWSO, 2025 |
|---|---|---|
| Revenue | $8.52bn | $7.24bn |
| Revenue growth | 6.5% | -5.0% |
| Net income | $3.75bn | $497m |
| Operating margin | — | — |
| Net margin | 44.0% | 6.9% |
| Return on equity | 21.1% | 18.3% |
| Free cash flow | $5.39bn | $535m |
| Cash | $1.38bn | $433m |
| Total debt | $43.57bn | $479m |
| Debt to equity | 237.8% | — |
| Dividend per share | — | $11.70 |
| Dividend yield | 0.7% | 4.1% |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $27.10bn | $11.83bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 54 (Moderate) | 56 (Moderate) |
| Insider trades, 12 months | 0 buys, 16 sales | 0 buys, 0 sales |