FTAI Aviation Ltd.

Rental & Leasing Services

FTAIMixed8 of 11 basics passed

$170.05

-0.59%

Market cap $17.5B

$170.05

-0.59%

Market cap $17.5B

FTAI Aviation Ltd is an independent engine maintenance platform focused on the CFM56-5B, CFM56-7B, and V2500 aircraft engines, which power the 737NG and A320ceo aircraft.

It is a $17.5B industrial company. Revenue grew 45.3% over the last year, it keeps 15¢ of every dollar of sales as profit, and it carries $3.15B of net debt. It trades at 35.2× earnings — in the cheapest third of its own history.

Website: ftaiaviation.com
Location: New York, NY
Employees: 985
Sector: Industrials

Share price · 3 years

$35.06 → $170.05+385.0%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $3.11B
Profit: keeps 15¢ of every $1 sold; $478M
Free cash flow: cash left after running the business; -$480M
Net debt: debt minus cash on hand; $3.15B
P/E: years of profit in the price; 35.2
EPS: earnings per share, TTM; $4.60
Dividend: pays out 34% of profit; 0.97%
Shares: up 37% since 2016 — dilution; 103.8M
Volatility: beta vs the market — under 1 swings less; 1.55

Revenue, last 10 years

52-week range

Low $152.80$170.05High $310.04

Today's price is 11% of the way from the year's low to its high.

P/E vs its history4y

36.5×median 46.3×

Higher than 20% of past days — in the cheapest third of its own history.

Valuation vs own history

P/E

36.5×

80%

P/S

5.6×

55%

EV/EBITDA

31.0×

87%

P/B

43.2×

61%

FCF yield

0.8%

Share of the last ~5 years that was pricier than today (in line with its own history). Based on the daily valuation record.

Insider activity · 90 days

+$498Knet buying

Purchases$498K

Sales$0

Insiders trading, last 14d0 buy · 0 sell

Standing in Industrials

Size$17.5Btop 54%
Revenue growth+52%top 1%
Net margin16%top 19%
Return on equity140%top 2%
P/E35.2×top 74%
Dividend yield0.97%top 59%

Ranked against 130 Industrials companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong profitability; Valuation, Health, Quality and Moat lag behind.

Valuation44

P/E vs own history20th pct · 20/25
FCF yield-2.7% · 0/25
P/S5.6x · 12/25
EV/EBITDA21.1x · 12/25

Growth50

Revenue CAGR53.1% · 25/25
Net income CAGRn/a · 0/25
EPS CAGR ~5Yn/a · 0/25
Fwd implied growth106.2% · 25/25

Profitability77

ROIC13.7% · 12/25
ROE139.6% · 25/25
Net margin15.3% · 20/25
Operating margin24.5% · 20/25

Health35

Altman Zn/a · 0/25
Current ratio5.28 · 25/25
Interest coverage3.4x · 10/25
Net cash / debtD/A 72% · 0/25

Quality27

Piotroski F5/9 · 15/25
Beneish M-1.08 · 6/25
FCF conversion-101% · 0/25
Margin stabilityσ 22.2% · 6/25

Moat0

ROIC >12% years2/10 yrs · 0/25
Median gross margin-7.0% · 0/25
FCF-positive years1/10 yrs · 0/25
Worst-year net marginworst -31.1% · 0/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2025Financial
Best year on record
$477M net income
FY2023Financial
Revenue crossed $1B
$1.17B for the year
FY2017Financial
Turned profitable
$134K net income after a loss year

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$66 870 today — price return only

$2.5B revenue in FY2025

Revenue up 45.3% year over year

985 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Revenue growing 45.3% year over year

Watch-outs

Negative free cash flow (-$480.4M)
Loss-making in 5 of the recent years

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

8 of 11 checks passed

Revenue growing — the company sells more than a year ago+45.3% YoY
Profitable — makes more than it spends$478M TTM
Profit growing — earnings are higher than last year+1588.5% YoY
Generates cash — cash left after running and investing-$480M TTM
Debt under control — could handle its obligationscurrent ratio 5.28
Established company — not a micro-cap — lower blow-up risk$17.5B market cap
Not printing shares — share count not ballooning — you keep your slice+20.7% shares over ~5y
Proven track record — years of profitability behind it5/10 profitable years
Financially stable — balance sheet not near distresshealth score 35/100
Pays a dividend — returns cash to shareholdersyield 0.97%
Valuation not extreme — price not wildly above earningsP/E 35.2

Peer comparisonFTAI Aviation Ltd. vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
FTAI this company	$17.5B	35.2	+45.3%	15.3%	Mixed
LRCX Lam Research Corp	$399.2B	54.9	+26.0%	31.3%	Strong
CAT Caterpillar Inc.	$368.0B	33.9	+18.4%	14.5%	Solid
RTX RTX Corporation	$251.3B	32.4	+11.8%	8.3%	Strained
DE Deere & Company	$167.7B	34.4	+8.3%	10.2%	Solid
ETN Eaton Corporation, plc	$167.2B	43.6	+15.5%	12.8%	Mixed
UNP Union Pacific Corp.	$166.8B	22.6	+4.2%	28.8%	Strained

Head-to-head: FTAI vs LRCX · FTAI vs CAT · FTAI vs RTX

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 6Buy 10Hold 1

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $3.11B · net income $478M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$3.11B

YoY 45.3%

Net income (TTM)

$478M

Margin 15.3%

Gross margin

39.2%

Operating margin

24.5%

P/E ratio

35.2

Dividend yield

0.97%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	0.4	0.5	0.7	1.2	1.7	2.5
Gross profit	-0.1	-0.2	0.5	0.7	0.9	1.2
Operating income (EBIT)	-0.1	0.1	0.2	0.2	0.6	0.6
Net income	-0.1	-0.1	-0.2	0.2	-0.0	0.5
EPS (diluted)	-1.22	-1.43	-2.22	2.11	-0.32	4.60

Cash flowFree cash flow -$480M · operating cash flow -$440M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

-$480M

Margin -15.4%

Operating cash flow (TTM)

-$440M

FCF margin

-15.4%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	0.1	-0.0	-0.0	0.1	-0.2	-0.3
Capital expenditure	-0.3	-0.2	-0.1	-0.0	-0.0	-0.0
Free cash flow	-0.2	-0.2	-0.2	0.1	-0.2	-0.3
FCF margin	-55.0%	-39.4%	-23.3%	10.5%	-11.4%	-13.5%

Balance sheetAssets $4.37B · net debt $3.15B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $4.37B of assets is financed

92%

Liabilities $4.04B — borrowed moneyEquity $334M — owners' stake

Cash vs debt

Total debt $3.45B − cash $300M = net debt $3.15B

Cash on hand covers 9% of debt.

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

Interest coverage

3.4x

EBIT ÷ interest expense

ROE

139.6%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	0.1	0.2	0.0	0.1	0.1	0.3
Total assets	3.4	4.9	2.4	3.0	4.0	4.4
Total liabilities	2.3	3.7	2.4	2.8	4.0	4.0
Total debt	1.9	3.2	2.2	2.5	3.4	3.4
Equity	—	1.1	0.0	0.2	0.1	0.3
Net debt	1.8	3.0	2.1	2.4	3.3	3.1

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of FTAI on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $170.05 · market cap $17.5B.