FTAI Aviation Ltd. (FTAI)

FTAI Aviation Ltd. owns, acquires, and sells aviation equipment for the transportation of goods and people worldwide. It operates in two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns, leases, manages, and sells aircraft and aircraft engines. As of December 31, 2025, this segment owned and managed 290 aviation assets consisting of 47 commercial aircraft and 243 engines, including eight aircraft and seventeen engines in Russia. The Aerospace Products segment develops, manufactures, repairs/refurbishes, and sells aircraft engines and aftermarket components for the commercial aircraft engines. It also engages in the offshore energy business, which consists of vessels and equipment that support offshore oil and gas activities and production. FTAI Aviation Ltd. has a strategic collaboration with Aeronautical Engineers, Inc. The company was founded in 2011 and is headquartered in New York, New York.

Symbol
FTAI
Exchange
Nasdaq
Sector
Industrials
Industry
Aerospace & Defense
Market cap
$19.09B
52 week range
149.5 - 323.51

Valuation

Share price
$186.01 (close of 2026-09-23)
P/E (TTM)
39.92x
Price to book
47.25x
Price to free cash flow
-39.74x
Enterprise value
$22.21B
Book value per share
$3.94

Price performance

PeriodChange
1 day-3.49%
5 days+5.42%
1 month-11.30%
3 months-29.03%
6 months-22.99%
Year to date-5.51%
1 year+2.50%
3 years+449.51%
5 years+763.96%
10 years+1729.01%
All time+1181.06%

Profitability and growth

Return on equity
149.94%
Return on assets
11.46%
Gross margin
46.17%
Net margin
19.98%
EBITDA margin
33.20%
Revenue growth
44.53%
Net income growth
5671.30%
Free cash flow growth
-71.65%

Cash flow and balance sheet

Free cash flow yield (TTM)
-2.52%
Current ratio
5.28x
Net debt to EBITDA
2.86x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$2.51B
Cost of revenue
$1.35B
Gross profit
$1.16B
EBITDA
$832.48M
Net income
$501.06M
Earnings per share
$4.66
Shares outstanding
102.56M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$2.51B$1.16B$501.06M$4.66
2024-12-31$1.73B$909.02M$8.68M$-0.32
2023-12-31$1.17B$668.76M$243.82M$2.12
2022-12-31$708.41M$460.03M$-212.03M$-2.13
2021-12-31$335.58M$321.27M$-130.71M$-1.45
2020-12-31$297.93M-$-105.04M$-1.22
2019-12-31$578.77M-$223.27M$2.22
2018-12-31$342.11M-$5.88M$0.06
2017-12-31$185.05M-$134.00K$0.00
2016-12-31$148.72M-$-20.06M$-0.22

Margins and returns by year

Period endGross marginNet marginReturn on equity
2025-12-3146.17%19.98%149.94%
2024-12-3152.40%0.50%10.67%
2023-12-3157.12%20.82%138.62%
2022-12-3164.94%-29.93%-1092.81%
2021-12-3195.74%-38.95%-11.63%
2020-12-31--35.26%-9.55%
2019-12-31-38.58%16.68%
2018-12-31-1.72%0.56%
2017-12-31-0.07%0.01%
2016-12-31--13.49%-1.72%

Cash and debt by year

Period endCashDebt
2025-12-31$300.48M$3.45B
2024-12-31$115.12M$3.44B
2023-12-31$90.76M$2.52B
2022-12-31$33.56M$2.18B
2021-12-31$138.21M$2.50B
2020-12-31$121.70M$1.90B
2019-12-31$226.51M$1.42B
2018-12-31$99.60M$1.22B
2017-12-31$59.40M$703.26M
2016-12-31$68.06M$259.51M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$-338.46M$21.73M
2024-12-31$-197.18M$6.01M
2023-12-31$122.83M$1.64M
2022-12-31$-164.85M$2.62M
2021-12-31$-179.38M-
2020-12-31$-201.72M-
2019-12-31$-180.13M$1.51M
2018-12-31$-96.27M$717.00K
2017-12-31$-47.53M$613.00K
2016-12-31$-26.47M$-3.67M

Dividend history

Most recent payment
2026-08-12
Paid in the last twelve months
$1.70
Payment dateDividend per share
2026-08-12$0.50
2026-05-13$0.45
2026-03-13$0.40
2025-11-10$0.35
2025-08-12$0.30
2025-05-16$0.30
2025-03-14$0.30
2024-11-14$0.30

Investor relations

Next earnings report

Next confirmed report
2026-10-26
Consensus EPS estimate
$1.31

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-29Jun/2026$1.32
2026-04-29--
2026-02-25--
2025-10-27--
2025-07-29--
2025-04-30--
2025-02-26--
2024-10-30--

Filings and sources

Company website
ftaiaviation.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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