FTAI Aviation Ltd. FTAI

Technology SIC 7350 - Services-Miscellaneous Equipment Rental & Leasing NAICS Real Estate and Rental and Leasing › Rental and Leasing Services › Commercial and Industrial Machinery and Equipment Rental and Leasing derived Nasdaq

FTAI Aviation Ltd. (Nasdaq: FTAI) is a Cayman Islands exempted company. Except as otherwise specified, "we", "us", "our", "FTAI", "FTAI Aviation" or "the Company" refer to us and our consolidated subsidiaries.

We are a leading independent engine maintenance platform focused on the CFM56-5B, CFM56-7B and V2500 aircraft engines which power the 737NG and A320ceo aircraft. We repair and rebuild engines in our maintenance facilities and with our joint venture partners, and sell or lease the engines to airlines and asset owners around the world. Our primary business model is to sell or lease engines via exchange through our proprietary Maintenance, Repair and Exchange ("MRE") model which is reported under our Aerospace Products segment.

Last close 154.37 2026-10-23
Market cap $15.85B 2026-06-30 share count
52-week range 146.48 - 323.51

Valuation FY2025 figures against the last close

P/S6.3x
P/E33.6x
P/FCF—
EV/EBITDA—
Dividend yield0.8%
Diluted EPS4.60

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.51B$1.73B$1.17B$708.4M$335.6M$297.9M$578.8M$342.1M$185.1M$148.7M
Cost of revenue $1.35B$825.9M$502.1M$248.4M$14.3M$0————
Gross profit $1.16B$909.0M$668.8M$460.0M$321.3M$297.9M————
SG&A $9.5M$14.3M$13.7M$14.2M$13.4M$14.1M$16.9M$15.3M$14.6M$12.3M
Total operating expenses $1.77B$1.50B$831.2M$624.5M$419.2M$332.2M$291.6M$138.4M$62.4M$66.2M
Interest expense $247.8M$221.7M$161.6M$169.2M$155.0M$87.4M$95.6M$56.8M$37.8M$19.0M
Pre-tax income $606.7M$14.2M$184.0M-$105.3M-$39.7M-$43.4M$152.1M-$17.7M-$20.5M-$40.3M
Income tax $105.6M$5.5M$59.8M$5.3M$3.1M$4.3M$17.8M$2.4M$2.0M$268.0K
Net income $501.1M$8.7M$243.8M-$212.0M-$130.7M-$103.7M$207.8M$5.9M$134.0K-$20.1M
EPS, basic 4.66-0.322.12————0.070.00-0.26
EPS, diluted 4.60-0.322.11————0.070.00-0.26
Shares, diluted (wtd. avg.) 103.8M101.5M100.4M99.4M89.9M86.0M86.0M83.7M75.8M75.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $300.5M$115.1M$90.9M$53.1M$440.1M$161.4M$242.5M$120.8M$92.8M$133.5M
Receivables $209.9M$150.8M$115.2M———————
Inventory $1.19B$551.2M$316.6M$163.7M$100.3M—————
Total current assets $2.11B$1.23B$671.4M———————
Property, plant and equipment $1.67B$2.48B——$1.56B$964.4M$732.1M$662.0M$489.9M$352.2M
Goodwill $94.2M$61.1M$4.6M$0$257.1M$122.7M$122.6M$116.0M$116.6M$116.6M
Other intangibles $19.9M$42.2M$50.6M$42.0M$31.0M$18.8M$27.7M$38.5M$40.0M$39.0M
Total assets $4.37B$4.04B$2.96B$2.43B$4.86B$3.39B$3.24B$2.64B$1.96B$1.55B
Accounts payable $208.2M$69.1M$41.6M———————
Short-term debt $0$0$0$0$100.5M$25.0M$182.0M$49.4M$7.8M$8.1M
Total current liabilities $399.9M$347.2M$181.8M———————
Long-term debt $3.45B$3.44B$2.52B$2.18B$2.50B$1.90B$1.42B$1.22B$703.3M$259.5M
Total liabilities $4.04B$3.96B$2.79B$2.41B$3.74B$2.29B$1.90B$1.58B$920.7M$381.6M
Retained earnings $282.5M-$73.1M-$81.8M-$325.6M-$132.4M-$28.2M$190.5M-$32.8M-$38.7M-$38.8M
Total equity $334.2M$81.4M$175.9M$19.4M$1.12B$1.10B$1.34B$1.05B$1.04B$1.17B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$310.7M-$188.0M$129.0M-$20.7M-$22.0M$63.1M$151.0M$133.7M$68.5M$30.9M
Depreciation and amortisation $225.8M$218.1M$169.9M$152.9M$147.7M$141.3M$169.0M$133.9M$86.1M$60.2M
Stock-based compensation $21.7M$6.0M$1.6M$2.6M——————
Capital expenditure $27.7M$9.2M$6.1M$144.2M$157.3M$264.8M$331.2M$230.0M$116.0M$57.4M
Investing cash flow $723.3M-$469.5M-$373.3M-$411.3M-$1.29B-$509.1M-$495.2M-$703.5M-$472.3M-$210.7M
Financing cash flow -$227.2M$681.8M$282.2M$44.9M$1.59B$364.9M$465.9M$597.9M$363.1M-$90.0M
Dividends paid $128.2M$121.6M$119.8M$128.5M$118.0M$113.6M$113.5M$110.6M$100.1M$100.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-012940.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B Revenue, FY2016: 148.7M Net income, FY2016: -20.1M Revenue, FY2017: 185.1M Net income, FY2017: 134K Revenue, FY2018: 342.1M Net income, FY2018: 5.9M Revenue, FY2019: 578.8M Net income, FY2019: 207.8M Revenue, FY2020: 297.9M Gross profit, FY2020: 297.9M Net income, FY2020: -103.7M Revenue, FY2021: 335.6M Gross profit, FY2021: 321.3M Net income, FY2021: -130.7M Revenue, FY2022: 708.4M Gross profit, FY2022: 460M Net income, FY2022: -212M Revenue, FY2023: 1.2B Gross profit, FY2023: 668.8M Net income, FY2023: 243.8M Revenue, FY2024: 1.7B Gross profit, FY2024: 909M Net income, FY2024: 8.7M Revenue, FY2025: 2.5B Gross profit, FY2025: 1.2B Net income, FY2025: 501.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $148.7M $185.1M $342.1M $578.8M $297.9M $335.6M $708.4M $1.17B $1.73B $2.51B
Gross profit — — — — $297.9M $321.3M $460.0M $668.8M $909.0M $1.16B
Net income -$20.1M $134.0K $5.9M $207.8M -$103.7M -$130.7M -$212.0M $243.8M $8.7M $501.1M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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