AerCap Holdings N.V (R1D) - Net Assets
Based on the latest financial reports, AerCap Holdings N.V (R1D) has net assets worth €18.40 Billion EUR (≈ $21.51 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€71.42 Billion ≈ $83.50 Billion USD) and total liabilities (€53.02 Billion ≈ $61.99 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible net worth ratio of AerCap Holdings N.V to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €18.40 Billion |
| % of Total Assets | 25.76% |
| Annual Growth Rate | 18.34% |
| 5-Year Change | 10.07% |
| 10-Year Change | 113.5% |
| Growth Volatility | 64.4 |
AerCap Holdings N.V - Net Assets Trend (2013–2025)
This chart illustrates how AerCap Holdings N.V's net assets have evolved over time, based on quarterly financial data. See R1D cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for AerCap Holdings N.V (2013–2025)
The table below shows the annual net assets of AerCap Holdings N.V from 2013 to 2025. For live valuation and market cap data, see AerCap Holdings N.V stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €18.32 Billion ≈ $21.42 Billion |
+6.63% |
| 2024-12-31 | €17.18 Billion ≈ $20.09 Billion |
+3.59% |
| 2023-12-31 | €16.59 Billion ≈ $19.39 Billion |
+2.43% |
| 2022-12-31 | €16.20 Billion ≈ $18.93 Billion |
-2.72% |
| 2021-12-31 | €16.65 Billion ≈ $19.46 Billion |
+86.37% |
| 2020-12-31 | €8.93 Billion ≈ $10.44 Billion |
-4.79% |
| 2019-12-31 | €9.38 Billion ≈ $10.97 Billion |
+5.65% |
| 2018-12-31 | €8.88 Billion ≈ $10.38 Billion |
+2.80% |
| 2017-12-31 | €8.64 Billion ≈ $10.10 Billion |
+0.66% |
| 2016-12-31 | €8.58 Billion ≈ $10.03 Billion |
+1.86% |
| 2015-12-31 | €8.43 Billion ≈ $9.85 Billion |
+6.08% |
| 2014-12-31 | €7.94 Billion ≈ $9.29 Billion |
+226.96% |
| 2013-12-31 | €2.43 Billion ≈ $2.84 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to AerCap Holdings N.V's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 988.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €16.32 Billion | 89.07% |
| Other Components | €2.00 Billion | 10.93% |
| Total Equity | €18.32 Billion | 100.00% |
AerCap Holdings N.V Competitors by Market Cap
The table below lists competitors of AerCap Holdings N.V ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Moderna Inc
NASDAQ:MRNA
|
$19.49 Billion |
|
POSCO Holdings Inc
NYSE:PKX
|
$19.50 Billion |
|
IHH Healthcare Bhd
KLSE:5225
|
$19.50 Billion |
|
Centrais Elétricas Brasileiras S.A. - Eletrobrás
F:L3XB
|
$19.52 Billion |
|
Aluminum Corp of China Ltd
SHG:601600
|
$19.47 Billion |
|
Coeur Mining Inc
NYSE:CDE
|
$19.44 Billion |
|
Expeditors International of Washington, Inc.
NASDAQ:EXPD
|
$19.44 Billion |
|
Bombardier Inc Series B
TO:BBD-B
|
$19.38 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AerCap Holdings N.V's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 17,184,623,000 to 18,323,280,000, a change of 1,138,657,000 (6.6%).
- Net income of 3,750,612,000 contributed positively to equity growth.
- Dividend payments of 192,437,000 reduced retained earnings.
- Share repurchases of 2,538,200,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €3.75 Billion | +20.47% |
| Dividends Paid | €192.44 Million | -1.05% |
| Share Repurchases | €2.54 Billion | -13.85% |
| Other Changes | €118.68 Million | +0.65% |
| Total Change | €- | 6.63% |
Book Value vs Market Value Analysis
This analysis compares AerCap Holdings N.V's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.09x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.20x to 1.09x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €56.08 | €123.10 | x |
| 2018-12-31 | €61.88 | €123.10 | x |
| 2019-12-31 | €70.79 | €123.10 | x |
| 2020-12-31 | €67.98 | €123.10 | x |
| 2021-12-31 | €67.53 | €123.10 | x |
| 2022-12-31 | €65.54 | €123.10 | x |
| 2023-12-31 | €81.92 | €123.10 | x |
| 2024-12-31 | €92.00 | €123.10 | x |
| 2025-12-31 | €112.59 | €123.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AerCap Holdings N.V utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.47%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 44.04%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 3.91x
- Recent ROE (20.47%) is above the historical average (10.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 12.06% | 27.85% | 0.11x | 3.90x | €49.87 Million |
| 2014 | 10.31% | 22.69% | 0.08x | 5.58x | €24.07 Million |
| 2015 | 14.12% | 22.29% | 0.12x | 5.24x | €343.83 Million |
| 2016 | 12.28% | 21.50% | 0.12x | 4.88x | €194.19 Million |
| 2017 | 12.54% | 22.83% | 0.11x | 4.90x | €218.18 Million |
| 2018 | 11.50% | 22.39% | 0.11x | 4.89x | €132.83 Million |
| 2019 | 12.30% | 24.47% | 0.11x | 4.70x | €214.20 Million |
| 2020 | -3.37% | -6.91% | 0.10x | 4.74x | €-1.19 Billion |
| 2021 | 6.04% | 21.80% | 0.06x | 4.50x | €-656.57 Million |
| 2022 | -4.50% | -10.50% | 0.10x | 4.33x | €-2.34 Billion |
| 2023 | 18.90% | 41.37% | 0.11x | 4.30x | €1.48 Billion |
| 2024 | 12.21% | 26.24% | 0.11x | 4.16x | €380.17 Million |
| 2025 | 20.47% | 44.04% | 0.12x | 3.91x | €1.92 Billion |
Industry Comparison
This section compares AerCap Holdings N.V's net assets metrics with peer companies in the Rental & Leasing Services industry.
Industry Context
- Industry: Rental & Leasing Services
- Average net assets among peers: $2,562,826,448
- Average return on equity (ROE) among peers: 15.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AerCap Holdings N.V (R1D) | €18.40 Billion | 12.06% | 2.88x | $19.49 Billion |
| BOC Aviation Limited (8BO) | $6.84 Billion | 11.51% | 2.85x | $6.04 Billion |
| Sixt SE (SIX2) | $1.44 Billion | 29.54% | 2.60x | $2.64 Billion |
| Sixt SE (SIX3) | $1.98 Billion | 19.49% | 1.80x | $1.21 Billion |
| TOOSLA SA EO-08125 (W6Q) | $-10.99 Million | 0.00% | 0.00x | $51.69K |
About AerCap Holdings N.V
AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in the United States, China, and internationally. The company engages in aircraft and engine asset management services, such as remarketing aircraft and engines for lease or sale; collecting rental and supplemental maintenance rent payments, monitoring aircraft maintenance, monitoring and enf… Read more