Air Lease Corporation

ALNYSEIndustrials

$65.00

+$0.00(+0.00%)

Market Cap$7.3B

P/E Ratio—

52W High$65

52W Low$38.25

Avg Volume2.1M

Open$64.98

Beta1.08

Free Cash Flow Financials Revenue

Air Lease Corporation (AL) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

AL · free cash flow · updated Jun 8, 2026

Core FCF metrics

AL · FCF · TTM · margin & CAGR

Free cash flow was −$1.66B for FY2025 (fiscal year ending 2025-12-31), up 42.5% year-over-year The FCF margin was -55.0%.

FY2025 Free Cash Flow−$1.66B▲ +42.5% YoY

Trailing 12M (TTM)−$1.54Btrailing 4 quarters sum

FCF Margin-55.0%−$1.66B ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

AL · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.73B(3.39B)−$1.66B▲ +42.5%-55.0%

FY2024$1.68B(4.56B)−$2.88B▼ 3.7%-105.5%

FY2023$1.75B(4.53B)−$2.78B▼ 23.2%-103.6%

FY2022$1.38B(3.64B)−$2.26B▼ 21.6%-97.4%

FY2021$1.38B(3.23B)−$1.86B▼ 16.9%-88.9%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

AL · P/FCF · FCF yield · FCF per share

Air Lease Corporation (AL) reported negative free cash flow of −$1.66B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

AL · cash flow statement · operating / investing / financing

For FY2025, Air Lease Corporation generated $1.73B in operating cash flow and spent 3.39B in capital expenditures, yielding −$1.66B in free cash flow.

Operating Activities

+$1.73B

Cash from core business operations

2025-12-31

Investing Activities

−$1.32B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$419.7M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($1.73B) − |CapEx| (3.39B) = FCF (−$1.66B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

AL vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Air Lease CorporationYOU

−$1.66B+42.5%-55.0%

Loss

Space Exploration Technologies Corp.

SPCX

−$13.95B-159.0%-74.7%

Loss

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Air Lease Corporation (AL) reported free cash flow of −$1.66B for FY2025 (fiscal year ending 2025-12-31), up 42.5% year-over-year. The FCF margin was -55.0%.

Air Lease Corporation has reported negative free cash flow in recent periods, indicating capital expenditures have exceeded operating cash flow. Data available for 15 fiscal years.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

AL free cash flow · 8 questions

Air Lease Corporation free cash flow was −$1.66B for FY2025, up 42.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$1.54B.

AL free cash flowAL FCFAL FCF 2025AL free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Air Lease Corporation · Air Lease Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026