Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| AerSale Corp.ASLE · shops | |
|---|---|
| Grade |  Dfourth fifth of 258 graded peers; percentile 65.8, sampling error 2.9 points; lower is stronger |
| Rank | 170 of 258 |
| Profitability | Epercentile 85.8 |
| Solvency | Apercentile 14.1 |
| Growth and financing | Dpercentile 70.1 |
| Reliability | 0.91 AUCfailure model, filers with $591M to $2.67B assets; 95% interval 0.88 to 0.94; 160 events, 2020 to 2025 |
| Peer failure rate | 1.01% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $591M to $2.67B assetstotal assets $640.5M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | short runway · fortress balance sheetnot computable: dilution, distress |
| Inputs computable | 10 of 14 |
| Graded from | filings received through Mar 10, 2026213 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $4.922026-10-08; market equity $261.0M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Mar 10, 2026; the document on sec.gov.
Monocle Acquisition Corporation (“Monocle”) was initially formed as a Delaware corporation on August 20, 2018 for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses. On December 22, 2020, Monocle consummated the previously announced business combination pursuant to that certain Amended and Restated Agreement and Plan of Merger, dated September 8, 2020 (the “Merger Agreement”) by and among Monocle, the Company, AerSale Aviation, Inc.
Warnings [top]
7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 85.8 | |||||||
| Gross profitability | 16.5% | [1,6] | 42.6% | 83.8 | 242 | 2025-12-31 | |
| Return on invested capital | 2.9% | [4-5,7-13] | 10.9% | 78.3 | 84 | 2025-12-31 | |
| Accruals ratio | 5.1% | [1,14-16] | (4.9%) | 96.9 | 287 | 2025-12-31 | |
| Gross margin stability, five years | 3.4 pts | [2,6,17-24] | 1.2 pts | 84.4 | 219 | 2025-12-31 | |
| Solvency, sleeve percentile 14.1 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| latest liabilities, cash plus short-term investments, book equity, and shares are required | |||||||
| Altman Z double-prime | 4.99 | [1,7,10,25-28] | 1.92 | 15.9 | 208 | 2025-12-31 | |
| Net debt to EBITDA | (0.09x) | [4-5,7,29] | 1.84x | 17.2 | 100 | 2025-12-31 | |
| Interest coverage | not computable | 2.26x | |||||
| one or more required annual facts are missing | |||||||
| Current ratio | 3.71x | [25-26] | 1.37x | 9.2 | 295 | 2025-12-31 | |
| Growth and financing, sleeve percentile 70.1 | |||||||
| Revenue growth, three-year compound | (6.4%) | [2,18,20,22] | 1.5% | 80.2 | 269 | 2025-12-31 | |
| Free cash flow growth, three-year compound | not computable | 5.6% | |||||
| current FCF must be positive and base FCF must exceed $100,000 | |||||||
| Reinvestment rate | (200.3%) | [7-9,25-26,29-32] | 7.3% | 95.4 | 152 | 2025-12-31 | |
| Asset growth, three years | 6.4% | [1,16,33-34] | 3.4% | 34.7 | 272 | 2025-12-31 | |
| Net share issuance, one year | not computable | (0.6%) | |||||
| prior share count is 2925 days earlier | |||||||
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.141; sampling error 2.9 percentile points on 258 peers.
Among 258 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 165 | 1stdibs.com, Inc. (DIBS) 1stdibs.com, Inc. (DIBS) Dfourth fifth; percentile 63.8 Nasdaq · Retail-Catalog & Mail-Order Houses market equity $132.4M; last close $3.95 No active warnings; 8 of 14 inputs | 63.8 | D | |
| 166 | Duluth Holdings Inc. (DLTH) Duluth Holdings Inc. (DLTH) Dfourth fifth; percentile 64.2 Nasdaq · Retail-Apparel & Accessory Stores last close $4.00 No active warnings; 8 of 14 inputs | 64.2 | D | |
| 167 | NU Skin Enterprises, Inc. (NUS) NU Skin Enterprises, Inc. (NUS) Dfourth fifth; percentile 64.6 NYSE · Wholesale-Drugs, Proprietaries & Druggists' Sundries market equity $232.2M; last close $4.76 Warnings: distress, fortress balance sheet; 11 of 14 inputs | 64.6 | D | distress, fortress balance sheet |
| 168 | A.K.A. Brands Holding Corp. (AKA) A.K.A. Brands Holding Corp. (AKA) Dfourth fifth; percentile 65.0 NYSE · Retail-Catalog & Mail-Order Houses market equity $118.2M; last close $10.50 No active warnings; 8 of 14 inputs | 65.0 | D | |
| 169 | O Reilly Automotive Inc. (ORLY) O Reilly Automotive Inc. (ORLY) Dfourth fifth; percentile 65.4 Nasdaq · Retail-Auto & Home Supply Stores market equity $69.6B; last close $86.00 No active warnings; 9 of 14 inputs | 65.4 | D | |
| 170 | AerSale Corp. (ASLE) AerSale Corp. (ASLE) Dfourth fifth; percentile 65.8 Nasdaq · Wholesale-Machinery, Equipment & Supplies market equity $260.7M; last close $4.92 Warnings: short runway, fortress balance sheet; 10 of 14 inputs | 65.8 | D | short runway, fortress balance sheet |
| 171 | World Kinect Corp. (WKC) World Kinect Corp. (WKC) Dfourth fifth; percentile 66.1 NYSE · Wholesale-Petroleum & Petroleum Products (No Bulk Stations) market equity $1.9B; last close $37.25 No active warnings; 11 of 14 inputs | 66.1 | D | |
| 172 | Vince Holding Corp. (VNCE) Vince Holding Corp. (VNCE) Dfourth fifth; percentile 66.5 Nasdaq · Retail-Apparel & Accessory Stores market equity $149.4M; last close $11.47 No active warnings; 9 of 14 inputs | 66.5 | D | |
| 173 | Seaboard Corp. (SEB) Seaboard Corp. (SEB) Dfourth fifth; percentile 66.9 NYSE · Wholesale-Farm Product Raw Materials market equity $3.9B; last close $4,050.93 No active warnings; 10 of 14 inputs | 66.9 | D | |
| 174 | Aspen Aerogels Inc. (ASPN) Aspen Aerogels Inc. (ASPN) Dfourth fifth; percentile 67.3 NYSE · Wholesale-Lumber & Other Construction Materials market equity $467.2M; last close $5.62 Warnings: fortress balance sheet; 8 of 14 inputs | 67.3 | D | fortress balance sheet |
| 175 | Star Group, L.P. (SGU) Star Group, L.P. (SGU) Dfourth fifth; percentile 67.7 NYSE · Retail-Retail Stores, NEC market equity $426.2M; last close $12.91 No active warnings; 11 of 14 inputs | 67.7 | D |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | D | 66.6 | 2204 |
| sector peers, equal sleeves (the grade) | D | 65.8 | 258 |
| same exchange, equal sleeves | D | 66.4 | 1219 |
| sector peers, equal inputs | D | 75.1 | 258 |
Each letter is one fifth of the 258 graded peers, about 51 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (33.0%) | (0.1%) | 16 | hotter than 16 of 100 peers |
| Distance from 52-week high | (38.1%) | (24.1%) | 30 | closer to its high than 30 of 100 peers |
| EBIT to enterprise value | 6.1% | 5.3% | 57 | pricier than 43 of 100 peers |
| Free cash flow yield | (11.1%) | 4.2% | 11 | pricier than 89 of 100 peers |
| Book value to price | 1.61 | 0.36 | 91 | pricier than 9 of 100 peers |
| Sales to price | 1.29 | 1.75 | 42 | pricier than 58 of 100 peers |
| Composite equity issuance, five years | not computable | (16.7%) | a share count from five years earlier is required | |
| Relative strength against the sector, log excess return | (0.38) | 0.02 | 16 | ahead of 16 of 100 peers |
Inputs: market equity $260.7M; EBIT $15.8M; free cash flow -$29.1M; book equity $418.7M; sales $335.3M; debt $788,000; cash $2.2M[35].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-12-31 | ||
|---|---|---|
| Return on assets above zero | 1.4% | ✓ pass[14,16] |
| Operating cash flow above zero | -$23.0M | ✗ fail[15] |
| Return on assets improved | 0.4 pts | ✓ pass[14,16,33,36] |
| Operating cash flow exceeds net income | -$31.5M | ✗ fail[14-15] |
| Long-term leverage fell | 10.9 pts | ✗ fail[1,16,33,37-38] |
| Current ratio improved | (7.5 pts) | ✗ fail[25-26,31-32] |
| No new shares issued | n/a[35,39] | |
| Gross margin improved | 1.4 pts | ✓ pass[2,6,17-18] |
| Asset turnover improved | (6.8 pts) | ✗ fail[2,16,18,33] |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $640.5M | 2025-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $335.3M | 2025-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 3 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $2.2M | 2026-06-30 | 2026-08-07 | 10-Q | filing · viewer · series |
| 4 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $4.4M | 2025-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 5 | total debt | us-gaap:LongTermDebt | $1.3M | 2025-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 6 | gross profit | us-gaap:GrossProfit | $105.8M | 2025-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 7 | operating income | us-gaap:OperatingIncomeLoss | $15.8M | 2025-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 8 | pretax income | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | $10.5M | 2025-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 9 | income tax | us-gaap:IncomeTaxExpenseBenefit | $2.0M | 2025-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 10 | book equity | us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest | $424.4M | 2025-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 11 | total debt | us-gaap:LongTermDebt | $1.2M | 2024-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 12 | book equity | us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest | $455.6M | 2024-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 13 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $4.7M | 2024-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 14 | net income | us-gaap:NetIncomeLoss | $8.6M | 2025-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 15 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$23.0M | 2025-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 16 | assets | us-gaap:Assets | $604.7M | 2024-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 17 | gross profit | us-gaap:GrossProfit | $103.9M | 2024-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 18 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $345.1M | 2024-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 19 | gross profit | us-gaap:GrossProfit | $92.4M | 2023-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 20 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $334.5M | 2023-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 21 | gross profit | us-gaap:GrossProfit | $151.4M | 2022-12-31 | 2025-03-11 | 10-K | filing · viewer · series |
| 22 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $408.5M | 2022-12-31 | 2025-03-11 | 10-K | filing · viewer · series |
| 23 | gross profit | us-gaap:GrossProfit | $119.4M | 2021-12-31 | 2024-03-08 | 10-K | filing · viewer · series |
| 24 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $340.4M | 2021-12-31 | 2024-03-08 | 10-K | filing · viewer · series |
| 25 | current assets | us-gaap:AssetsCurrent | $269.0M | 2025-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 26 | current liabilities | us-gaap:LiabilitiesCurrent | $72.4M | 2025-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 27 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | $147.7M | 2025-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 28 | liabilities | us-gaap:Liabilities | $216.0M | 2025-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 29 | depreciation amortization | us-gaap:DepreciationDepletionAndAmortization | $19.3M | 2025-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 30 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $6.1M | 2025-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 31 | current assets | us-gaap:AssetsCurrent | $284.0M | 2024-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 32 | current liabilities | us-gaap:LiabilitiesCurrent | $75.0M | 2024-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 33 | assets | us-gaap:Assets | $553.9M | 2023-12-31 | 2025-03-11 | 10-K | filing · viewer · series |
| 34 | assets | us-gaap:Assets | $531.6M | 2022-12-31 | 2024-03-08 | 10-K | filing · viewer · series |
| 35 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 52,990,947 | 2034-03-05 | 2024-03-27 | 10-K/A | filing · viewer · series |
| 36 | net income | us-gaap:NetIncomeLoss | $5.9M | 2024-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 37 | long term debt | us-gaap:LongTermDebtNoncurrent | $111.3M | 2025-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 38 | long term debt | us-gaap:LongTermDebtNoncurrent | $40.4M | 2024-12-31 | 2026-03-10 | 10-K | filing · viewer · series |
| 39 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 47,241,615 | 2026-03-02 | 2026-03-10 | 10-K | filing · viewer · series |
| 40 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$33.5M | 2026-06-30 | 2026-08-07 | 10-Q | filing · viewer · series |
| 41 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$26.7M | 2026-03-31 | 2026-05-08 | 10-Q | filing · viewer · series |
| 42 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$34.3M | 2025-09-30 | 2025-11-07 | 10-Q | filing · viewer · series |
| 43 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$25.4M | 2025-06-30 | 2026-08-07 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 65.8 is 5.8 points from the nearest band edge; sampling error is 2.9 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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