Forensic Analysis · Industrials / Manufacturing / Defense · as of Jun 28, 2026
AerSale Corp (ASLE)
A forensic read on AerSale Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Safe
Financial health
5.0
Altman Z-score
Clean
Earnings quality
3
Forensic signals
29.8
P / E (ttm)
2.5%
ROE
$310M
Market cap
AerSale Corp earns a D (Weak — demands caution) forensic quality grade, and its Altman Z-score is 5.0, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by cash conversion.
What the filings flag
-20.98×Cash conversion.Over FY2023–FY2025, operating cash flow was -20.98× cumulative net income. Reported profit is not turning into cash — a classic earnings-quality warning.
46d DSOReceivables vs revenue.Days sales outstanding moved from 37 to 46 days FY2024→FY2025 (receivables +23% vs revenue -3%). Receivables are outrunning sales — a flag for aggressive revenue recognition or slipping collections.
2%Return on invested capital.Return on invested capital is 2% and slipping from 13% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
Key fundamentals
Net Margin2.6%
Debt / Equity0.26x
Free Cash Flow$-29.1M
Latest Revenue$335.3M
Return on Equity2.0%
Revenue Growth YoY-2.8%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on AerSale Corp:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about ASLE's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown