A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
FTAI Aviation Ltd.
FTAI
$22.4B
Mkt Cap
$215.98
-0.38%
FTAI Aviation Ltd. (FTAI) has a current P/E ratio of 47.0, compared to its historical median P/E of 21.6. The stock is currently considered Expensive based on its historical valuation range.
FTAI Aviation Ltd. (FTAI) has a 5-year average return on invested capital (ROIC) of 7.3%. This is below average and may indicate limited pricing power.
FTAI Aviation Ltd. (FTAI) has a market capitalization of $22.2B. It is classified as a large-cap stock.
Yes, FTAI Aviation Ltd. (FTAI) pays a dividend with a trailing twelve-month yield of 0.62%.
Based on historical P/E analysis, FTAI Aviation Ltd. (FTAI) appears expensive. The current P/E of 47.0 is 117% above its historical median of 21.6. The estimated fair value CAGR (P/E method) is 45.9%.
FTAI Aviation Ltd. (FTAI) operates in the Services-Miscellaneous Equipment Rental & Leasing industry, within the Industrials sector.
FTAI Aviation Ltd. (FTAI) reported annual revenue of $2.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
PART I Our Company 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. We also own and manage a portfolio of on- and off-lease aircraft and engines through our Aviation Leasing segment.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.8B | 2.5B | 1.7B | 1.2B | 708M | 336M |
| Net Income | 522M | 477M | -32M | 212M | -220M | -129M |
| EPS | $5.09 | $4.60 | $-0.32 | $2.11 | $-1.39 | $-0.75 |
| Free Cash Flow | -475M | -997M | -1.3B | -627M | -803M | -752M |
| ROIC | 0.0% | 19.9% | 4.0% | 13.2% | -1.6% | 0.9% |
| Gross Margin | - | 46.2% | 52.4% | 57.1% | 64.9% | 69.3% |
| Debt/Equity | 7.99 | 10.32 | 42.28 | 14.36 | 112.14 | 2.31 |
| Dividends/Share | $1.35 | $1.35 | $1.20 | $1.20 | $0.81 | $0.69 |
| Operating Income | 0 | 831M | 195M | 314M | -46M | 29M |
| Operating Margin | 0.0% | 33.1% | 11.2% | 26.8% | -6.5% | 8.7% |
| ROE | 120.9% | 229.8% | -25.0% | 217.7% | -38.5% | -11.6% |
| Shares Outstanding | 103M | 104M | 100M | 100M | 159M | 172M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 58M | 137M | 149M | 218M | 342M | 579M | 298M | 336M | 708M | 1.2B | 1.7B | 2.5B | 2.8B |
| Gross Margin | 23.8% | 34.5% | 40.0% | 60.7% | 52.9% | 39.5% | 70.0% | 69.3% | 64.9% | 57.1% | 52.4% | 46.2% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 2.0M | 7.6M | 12M | 15M | 15M | 17M | 14M | 13M | 14M | 14M | 14M | 9.5M | 8.8M |
| EBIT | N/A | 8.1M | -839K | 40M | 65M | N/A | -22M | 29M | -46M | 314M | 195M | 831M | 0 |
| Op. Margin | N/A | 5.9% | -0.6% | 18.3% | 19.1% | N/A | -7.4% | 8.7% | -6.5% | 26.8% | 11.2% | 33.1% | 0.0% |
| Net Income | 7.8M | -12M | -20M | 134K | 5.9M | 223M | -105M | -129M | -220M | 212M | -32M | 477M | 522M |
| Net Margin | 13.4% | -8.7% | -13.5% | 0.1% | 1.7% | 38.6% | -35.3% | -38.4% | -31.1% | 18.1% | -1.8% | 19.0% | 18.4% |
| Non-Recurring | 7.6M | 3.4M | 5.9M | 19M | 3.9M | 203M | -300K | 49M | 77M | 0 | 19M | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | N/A | 0.7% | -0.1% | 1.6% | 2.4% | N/A | -0.8% | 0.9% | -1.6% | 13.2% | 4.0% | 19.9% | 0.0% |
| ROE | 2.5% | -1.2% | -1.6% | 0.0% | 0.6% | 18.7% | -8.6% | -11.6% | -38.5% | 217.7% | -25.0% | 229.8% | 120.9% |
| ROA | 1.1% | -0.8% | -1.3% | 0.0% | 0.3% | 7.6% | -3.2% | -3.1% | -6.0% | 7.9% | -0.9% | 11.4% | 11.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -32M | 24M | 31M | 68M | 134M | 151M | 63M | -22M | -21M | 129M | -188M | -311M | -445M |
| Free Cash Flow | -468M | -238M | -227M | -473M | -594M | -749M | -523M | -752M | -803M | -627M | -1.3B | -997M | -475M |
| Owner Earnings | -49M | -26M | -33M | -19M | -1.1M | -26M | -81M | -174M | -176M | -43M | -412M | -558M | -687M |
| CapEx | 437M | 261M | 258M | 542M | 728M | 900M | 586M | 730M | 783M | 756M | 1.2B | 687M | 30M |
| Maint. CapEx | 16M | 45M | 60M | 86M | 134M | 169M | 141M | 148M | 153M | 170M | 218M | 226M | 219M |
| Growth CapEx | 421M | 216M | 198M | 456M | 594M | 731M | 445M | 582M | 630M | 586M | 938M | 461M | 0 |
| D&A | 16M | 45M | 60M | 86M | 134M | 169M | 141M | 148M | 153M | 170M | 218M | 226M | 219M |
| CapEx/OCF | N/A | 1109.8% | 834.9% | 791.0% | 544.5% | 595.7% | 929.3% | N/A | N/A | 586.1% | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 36M | 100M | 100M | 111M | 114M | 114M | 118M | 128M | 120M | 122M | 128M | 138M |
| Dividend Yield | N/A | 8.7% | 24.5% | 15.2% | 13.4% | 9.0% | 6.7% | 3.4% | 4.8% | 4.0% | 1.2% | 0.9% | 0.6% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 1.3M | 4.7M | 3.7M | 1.3M | 901K | 8.4M | 2.3M | 4.0M | 2.6M | 1.6M | 6.0M | 22M | 23M |
| Debt Repayment | 31M | 24M | 160M | 125M | 219M | 405M | 852M | 1.6B | 1.1B | 605M | 1.7B | 480M | 480M |
| Balance Sheet | |||||||||||||
| Net Debt | 595M | -91M | 200M | 652M | 1.2B | 1.4B | 1.8B | 2.5B | 2.1B | 2.4B | 3.3B | 3.1B | 3.0B |
| Cash & Equiv. | 22M | 382M | 68M | 59M | 100M | 227M | 122M | 138M | 34M | 91M | 115M | 300M | 412M |
| Long-Term Debt | 593M | 266M | 260M | 703M | 1.2B | 1.4B | 1.9B | 2.5B | 2.2B | 2.5B | 3.4B | 3.4B | 3.5B |
| Debt/Equity | 1.00 | 0.23 | 0.23 | 0.69 | 1.20 | 1.20 | 1.76 | 2.31 | 112.14 | 14.36 | 42.28 | 10.32 | 7.99 |
| Interest Coverage | N/A | 0.4 | -0.0 | 1.1 | 1.1 | N/A | -0.3 | 0.2 | -0.3 | 1.9 | 0.9 | 3.4 | 3.4 |
| Equity | 614M | 1.3B | 1.2B | 1.0B | 1.1B | 1.3B | 1.1B | 1.1B | 19M | 175M | 81M | 334M | 432M |
| Total Assets | 1.4B | 1.6B | 1.5B | 2.0B | 2.6B | 3.2B | 3.4B | 4.9B | 2.4B | 3.0B | 4.0B | 4.4B | 4.5B |
| Total Liabilities | 691M | 354M | 382M | 921M | 1.6B | 1.9B | 2.3B | 3.7B | 2.4B | 2.8B | 4.0B | 4.0B | 4.1B |
| Intangibles | 52M | 44M | 39M | 40M | 38M | 28M | 19M | 31M | 42M | 51M | 42M | 20M | 13M |
| Retained Earnings | 0 | -19M | -39M | -39M | -33M | 190M | -28M | -132M | -326M | -82M | -73M | 283M | 376M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 490M | 879M | 1.7B | 2.1B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 671M | 1.2B | 2.1B | 2.6B |
| Current Liabilities | 43M | 35M | 38M | 68M | 101M | 145M | N/A | N/A | N/A | 182M | 347M | 400M | 494M |
| Per Share Data | |||||||||||||
| EPS | 0.15 | -0.18 | -0.26 | 0.00 | 0.07 | 1.74 | -0.66 | -0.75 | -1.39 | 2.11 | -0.32 | 4.60 | 5.09 |
| Owner EPS | -0.94 | -0.40 | -0.43 | -0.25 | -0.01 | -0.21 | -0.51 | -1.01 | -1.11 | -0.42 | -4.11 | -5.38 | -6.69 |
| Book Value | 11.85 | 19.65 | 15.11 | 13.66 | 12.54 | 10.43 | 6.91 | 6.54 | 0.12 | 1.75 | 0.81 | 3.22 | 4.21 |
| Cash Flow/Share | -0.61 | 0.36 | 0.40 | 0.90 | 1.59 | 1.18 | 0.40 | -0.13 | -0.13 | 1.28 | -1.87 | -2.99 | 7.22 |
| Dividends/Share | 0.00 | 0.48 | 1.32 | 1.32 | 1.32 | 0.88 | 0.71 | 0.69 | 0.81 | 1.20 | 1.20 | 1.35 | 1.35 |
| Shares Out. | 51.9M | 65.7M | 77.2M | 75.8M | 84.0M | 128.3M | 159.2M | 172.0M | 158.5M | 100.5M | 100.2M | 103.8M | 102.6M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | 479.4 | 8.6 | N/A | N/A | N/A | 21.6 | N/A | 37.9 | 42.5 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | 477.7 | 9.1 | N/A | 207.4 | N/A | 22.1 | 911.5 | 284.4 | N/A |
| Price/Book | N/A | 0.3 | 0.6 | 1.1 | 0.8 | 1.5 | 1.5 | 3.3 | 129.6 | 26.2 | 155.1 | 54.1 | 51.3 |
| Price/Sales | N/A | 3.6 | 3.2 | 3.9 | 2.9 | 2.6 | 2.9 | 10.2 | 3.8 | 2.6 | 5.6 | 5.6 | 7.8 |
| FCF Yield | N/A | -63.7% | -37.8% | -43.6% | -72.9% | -39.0% | -32.2% | -20.2% | -32.8% | -13.7% | -10.7% | -5.5% | -2.1% |
| Market Cap | N/A | 373M | 600M | 1.1B | 815M | 1.9B | 1.6B | 3.7B | 2.4B | 4.6B | 12.6B | 18.1B | 22.2B |
| Avg. Price | N/A | 6.34 | 5.29 | 8.69 | 9.86 | 9.86 | 10.63 | 19.93 | 16.83 | 30.18 | 97.50 | 134.90 | 215.98 |
| Year-End Price | N/A | 4.85 | 6.64 | 10.97 | 8.19 | 12.76 | 16.40 | 21.63 | 15.43 | 45.67 | 125.87 | 174.19 | 215.98 |
FTAI Aviation Ltd. passes 6 of 9 quality checks, suggesting mixed fundamentals.
FTAI Aviation Ltd. trades at 47.0x trailing earnings, compared to its 15-year median P/E of 21.6x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average ROIC is 7.3% with a gross margin of 58.0%. Total shareholder yield (dividends) is 0.6%. At current prices, the estimated annualized return to fair value is +45.9%.
FTAI Aviation Ltd. (FTAI) has a net profit margin of 19.0%. This is a healthy margin.
FTAI Aviation Ltd. (FTAI) generated $-997 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
FTAI Aviation Ltd. (FTAI) has a debt-to-equity ratio of 10.32. This indicates higher leverage, which may increase financial risk.
FTAI Aviation Ltd. (FTAI) reported earnings per share (EPS) of $4.60 in its most recent fiscal year.
FTAI Aviation Ltd. (FTAI) has a return on equity (ROE) of 229.8%. This indicates the company generates strong returns for shareholders.
FTAI Aviation Ltd. (FTAI) has a 5-year average gross margin of 58.0%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 13 years of financial data for FTAI Aviation Ltd. (FTAI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
FTAI Aviation Ltd. (FTAI) has a book value per share of $3.22, based on its most recent annual SEC filing.