AerCap Holdings N.V. (AER) Stock Price & How to Invest

AerCap Holdings N.V. is the largest aircraft leasing company in the world, owning and managing a fleet of commercial aircraft, engines, and helicopters that it leases to hundreds of airline customers across the globe. The company generates revenue primarily from lease payments, and it also books gains by selling aircraft into a tight secondary market. AerCap operates a scale-driven business: it orders new jets from Boeing and Airbus at volume, finances them with large amounts of debt, and earns a spread between lease income and its cost of capital. It became the clear industry leader after acquiring GE Capital Aviation Services (GECAS) in 2021.

The investment picture centers on a constrained supply of new aircraft, resilient post-pandemic air travel demand, and rising lease rates, which drove record results in recent years. AerCap reported net income of roughly $3.8 billion for full-year 2025 and returned about $2.6 billion to shareholders through buybacks and dividends. The stock trades at a low earnings multiple, reflecting the market's caution around the company's heavy debt load, sensitivity to interest rates, and the cyclical nature of aviation. The business is highly leveraged by design, so financing conditions and airline credit health matter as much as fleet demand.

AerCap carries a very large debt load, with total debt-to-equity well above 200%, so higher interest rates raise financing costs and can compress spreads. Airline bankruptcies, defaults, or geopolitical shocks can leave aircraft idle or force repossessions, and the company took large writedowns tied to jets stranded in Russia. Aircraft values are cyclical and can fall sharply in a downturn, hitting residual values and gains on sale. The business is capital-intensive and exposed to Boeing and Airbus delivery delays. A recession that curbs air travel would pressure lease demand, rates, and utilization at the same time.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see AerCap Holdings N.V.'s investor relations page or your broker.

• Revenue (TTM): ~$8.7B
• Net income (FY2025): ~$3.8B
• Diluted EPS (TTM): ~$22
• Market cap: ~$23.5B
• P/E (trailing): ~6.5x
• Price-to-book: ~1.3x

As of July 2026 AerCap traded around $147 per share with a low trailing P/E near 6.5x against record recent earnings. The modest multiple reflects the market's discount for heavy leverage and aviation cyclicality rather than weak current results. Enterprise value is far larger than market cap, roughly $65 billion, because the balance sheet carries substantial aircraft-backed debt.

There are three common ways to get AER exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so AER sits alongside other stocks that express the same thesis.

Walnut takes the basket route. Describe a thesis where AER fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

AerCap is the dominant global aircraft lessor whose earnings ride on aircraft demand, lease rates, and financing costs, and it currently trades at a low earnings multiple against record recent profits.

Whether AER is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is AER a buy?, and where the stock could go from here in the AER stock forecast.

For income investors, whether AER pays a dividend and how the payout looks is covered in does AER pay a dividend?