Saturday 17 October 2026 Export FTAI’s income statement to Excel — free account

FTAI Aviation Ltd.

FTAI Aviation Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $2.5 billion, up 44.5% from fiscal 2024. In the quarter to June 2026, revenue grew 40.9%, EPS fell 27.2% and free cash flow fell 349.6%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for five; insiders bought in the last twelve months.

164.46 4.10 −2.43%

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Market cap: $17.3B
P/E: 35.3×
Fwd P/E: 33.8×
Dividend yield: 1.03%
F-score: 5/9
Altman Z: 4.69
Beneish M: −0.80
Dividend safety: 64/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 1.93

Total sells 64.63

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	3	—	—	—	—	—	—	—	1	—	—	—
Sell	—	—	—	1	—	—	2	—	—	—	—	—

Insider Ownership 1.28%

Capital & Financial Ratios $m

Market Cap 17,310.00

Revenue 3,112.87

Net Income 496.27

Free Cash Flow 602.57

Net Debt 3,116.13

Current Ratio 5.28

Debt/Equity 8.55

P/E ratio 35.29

Fwd P/E 33.80

P/S ratio 5.42

P/B ratio 41.77

Past 5Y EPS Growth —

This Y EPS Growth 26.85%

Next Y EPS Growth 122.54%

Next Y revenue growth 55.54%

Next 5Y EPS Growth 56.77%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 36.73%

10-year low 10-year high

P/S against its own 10 years 45.63%

10-year low 10-year high

P/B against its own 10 years 73.68%

10-year low 10-year high

EV/Sales against its own 10 years 53.19%

10-year low 10-year high

Dividends

Payout Ratio 0.37

Annual Dividend Rate 1.70

Annual Dividend Yield 1.03%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.83	0.40 0.45 0.50
2025	1.25	0.30 0.30 0.30 0.35
2024	1.20	0.30 0.30 0.30 0.30
2023	1.20	0.30 0.30 0.30 0.30
2022	1.19	0.28 0.28 0.33 0.30
2021	1.13	0.28 0.28 0.28 0.28
2020	1.13	0.28 0.28 0.28 0.28
2019	1.13	0.28 0.28 0.28 0.28
2018	1.13	0.28 0.28 0.28 0.28
2017	1.13	0.28 0.28 0.28 0.28
2016	1.13	0.28 0.28 0.28 0.28

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	91	115	300	337
Receivables	115	151	210	168
Inventory	317	551	1,194	1,545
Other	149	409	408	491
	671	1,226	2,113	2,541

	2023	2024	2025	Q'26
Payables	42	69	208	262
ST’ Debt	—	—	—	—
Other	69	181	102	119
	182	347	400	481

Compound Annual Growth %

	10y	5y	3y
Sales	33.78%	53.12%	52.40%
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	(12.64%)	(21.19%)	158.25%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	831	953	—	—	—
’25	502	676	667	662	2,507
’24	327	444	466	499	1,735
’23	293	274	291	313	1,171
’22	92	112	230	274	708
’21	77	97	94	68	336
’20	113	94	84	7	298

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(160)	(105)	—	—	—
’25	(26)	(110)	5	(179)	(311)
’24	0	(187)	41	(42)	(188)
’23	39	29	50	12	129
’22	2	(50)	27	1	(21)
’21	(49)	(15)	196	(154)	(22)
’20	(12)	56	(16)	35	63

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	155	(433)	—	—	—
’25	(63)	(96)	899	(21)	715
’24	(149)	(142)	64	(145)	(372)
’23	55	(53)	(40)	(132)	(170)
’22	(223)	(128)	91	(160)	(420)
’21	(199)	(63)	164	(515)	(613)
’20	(100)	(152)	(126)	(71)	(449)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.29	1.13	—	—	—
’25	0.87	1.57	1.10	1.08	4.60
’24	0.31	(2.26)	0.76	0.84	(0.32)
’23	0.22	0.46	0.33	1.09	2.11
’22	(2.30)	0.11	(0.23)	0.20	(2.22)
’21	(0.40)	(0.42)	0.47	(1.09)	(1.43)
’20	(0.03)	(0.18)	(0.30)	(0.70)	(1.22)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	7.39	11.37	10.97	11.84	3.15	17.42	14.29	17.00	44.65	75.06	Analyst estimates 2026–2028 Powerpack
	High	11.91	17.15	17.19	17.28	20.06	29.71	25.31	47.93	177.18	201.00
People
People	Employees	—	—	—	—	—	600	40	170	580	985
	Revenue/emp, $m	0.00	0.00	0.00	0.00	0.00	0.56	17.71	6.89	2.99	2.55
Income, $m
Income, $m	Revenue	149	185	342	579	298	336	708	1,171	1,735	2,507
	Gross margin, %	55.51	66.27	59.54	49.62	100.00	95.74	64.94	57.12	52.40	46.17
	EBT	(40)	(21)	(18)	152	(43)	(40)	(105)	184	14	607
	EBT margin, %	(27.12)	(11.10)	(5.16)	26.29	(14.56)	(11.84)	(14.87)	15.72	0.82	24.20
	Net income	(41)	(23)	(16)	208	(104)	(131)	(212)	244	9	501
	Depreciation	68	101	168	210	210	251	249	223	273	279
Per share, $
Per share, $	Revenue	1.96	2.44	4.09	6.73	3.46	3.73	7.13	11.72	17.09	24.45
	Earnings	(0.26)	0.00	0.07	2.59	(1.22)	(1.43)	(2.22)	2.12	(0.32)	4.66
	Cash flow	0.41	0.90	1.60	1.76	0.73	(0.25)	(0.21)	1.29	(1.85)	(3.03)
	Capex	(3.16)	(6.08)	(8.31)	(7.57)	(5.96)	(6.57)	(4.02)	(2.99)	(1.81)	10.00
	Free cash flow	(2.75)	(5.18)	(6.71)	(5.81)	(5.22)	(6.81)	(4.23)	(1.70)	(3.66)	6.97
	Book value	15.39	13.66	12.60	15.57	12.78	12.50	0.20	1.76	0.80	3.26
	Shares, m	76	76	84	86	86	90	99	100	102	103
Valuation, ×
Valuation, ×	P/E	0.00	0.00	204.17	6.42	0.00	0.00	0.00	21.28	0.00	42.24
	P/S	5.93	6.95	3.00	2.48	5.78	6.62	2.50	3.87	8.43	8.05
	P/B	0.76	1.24	0.97	1.07	1.57	1.98	92.05	25.77	180.01	60.43
	EV/Sales	5.04	6.45	2.64	4.26	11.74	15.69	5.50	5.74	10.35	9.31
	EV/FCF	(3.60)	(3.01)	(1.61)	(4.93)	(7.79)	(8.60)	(9.28)	(39.51)	(48.25)	32.42
Cash, $m
Cash, $m	Operating cash flow	31	68	134	151	63	(22)	(21)	129	(188)	(311)
	Capex	(239)	(461)	(695)	(651)	(512)	(591)	(399)	(299)	(184)	1,026
	Free cash flow	(208)	(392)	(562)	(500)	(449)	(613)	(420)	(170)	(372)	715
Balance, $m
Balance, $m	Working capital	(143)	(648)	(1,149)	(1,274)	(1,765)	(2,325)	(2,110)	490	879	1,713
	Total debt	251	695	1,166	1,273	1,937	2,401	2,176	—	3,440	3,449
	Net debt	118	602	1,045	1,030	1,776	2,263	2,123	(91)	3,325	3,148
	Shareholders’ equity	1,166	1,035	1,054	1,339	1,099	1,124	19	176	81	334
Returns, %
Returns, %	ROA	(1.26)	0.01	0.26	7.60	(3.17)	(3.13)	(6.04)	7.86	(0.92)	11.35
	ROIC	(1.56)	(1.48)	(0.75)	(1.39)	(0.75)	(1.54)	0.20	130.71	(0.05)	8.86
	ROE	(1.63)	0.01	0.56	18.66	(8.62)	(11.60)	(38.55)	217.47	(24.97)	229.92

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
WWD Woodward, Inc.	$19.7B	35.5×	38.5×	+21.22% (above 0%: growing)	+35.71% (above 0%: growing)	−12.15% (below 0%: shrinking)	31.53%	16.66%	Compare
CW Curtiss-Wright Corporation	$18.5B	34.4×	48.5×	+5.41% (above 0%: growing)	+27.41% (above 0%: growing)	+37.04% (above 0%: growing)	39.40%	19.34%	Compare
FTAI FTAI Aviation Ltd.	$17.3B	35.3×	33.8×	+40.94% (above 0%: growing)	−27.22% (below 0%: shrinking)	−349.55% (below 0%: shrinking)	33.29%	20.44%
TXT Textron Inc.	$12.9B	14.3×	16.3×	+2.99% (above 0%: growing)	+5.19% (above 0%: growing)	−40.57% (below 0%: shrinking)	18.13%	6.98%	Compare
EMBJ Embraer-Empresa Brasileira de Aeronautica	$12.8B	29.3×	—	+22.87% (above 0%: growing)	+176.74% (above 0%: growing)	+287.11% (above 0%: growing)	19.90%	12.79%	Compare
BWXT BWX Technologies, Inc.	$12.6B	35.3×	42.0×	+18.01% (above 0%: growing)	+12.79% (above 0%: growing)	−8.98% (below 0%: shrinking)	22.44%	15.37%	Compare
MOG.A Moog Inc.	$11.6B	31.0×	36.7×	+15.16% (above 0%: growing)	+153.97% (above 0%: growing)	+67.52% (above 0%: growing)	31.10%	14.41%	Compare
HII Huntington Ingalls Industries, Inc.	$10.5B	16.2×	16.8×	+10.90% (above 0%: growing)	+36.53% (above 0%: growing)	−120.66% (below 0%: shrinking)	12.61%	6.76%	Compare
DRS Leonardo DRS, Inc.	$9.5B	29.1×	37.8×	+10.13% (above 0%: growing)	+65.00% (above 0%: growing)	+110.71% (above 0%: growing)	25.96%	11.17%	Compare
Median of peers	$12.7B	30.1×	37.8×	+13.03%	+36.12%	+14.03%	24.20%	13.60%

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