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FTAI Aviation Ltd. (FTAI) stock

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NASDAQ: FTAI Nasdaq Trading Companies & Distributors Next results ~January 29, 2027

C+ Fundamentals grade

FTAI Aviation Ltd. is a US-listed company in the trading companies & distributors industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$100

Price-to-earnings vs peers

Base case. Range ~$92–$150. Earnings per share times peers' typical (harmonic-mean) price-to-earnings.

Price vs value

No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.

FTAI Aviation Ltd. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter FTAI Aviation files

10-Q filed November 2: FTAI Aviation

Model value +12.0%

FTAI Aviation's revenue reached $3.42bn over the twelve months to September 2026, a 46.0% rise on the prior year and a touch quicker than the 45.3% pace recorded a quarter earlier. Among the 32 trading companies and distributors we track, that growth places the company third. Profitability tells a weaker story, though: free-cash-flow margin slipped to -17.2%, down from -8.4% a year earlier. Taken together, these shifts nudge the fundamentals grade up from C to C+. Our model value has climbed too, moving from $87.26 to $97.73 a share. Even so, that figure sits well below the current share price of $203, leaving a wide gap between the model's estimate and where the market has priced the stock.

Source: 10-Q filed November 2, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Ftai Aviation stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $3.11bn, up 45.3% on a year earlier, slower than 48.5% a quarter earlier. That growth ranks 53 of 931 among all the companies we cover. Free-cash-flow margin fell to -15.4% from -7.2% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 1 of our 6 financial-health checks. Our valuation models combined value is $87.88 a share, against a share price of $160.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 29, 2027 (estimated)

FTAI Aviation Ltd.'s trailing-twelve-month revenue grew 46.0% year on year, with a free-cash-flow margin of -17.2%. Where it stands out: revenue growth of 46.0% ranks 3 of 32 trading companies & distributors companies we cover. Where it lags: long-term debt as % of assets of 71.9% ranks 29 of 29 trading companies & distributors companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 198.5% while net income grew 13.3%: a 212pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 46.0% over the last 12 months, against a median of 8.5% for trading companies & distributors companies we cover.

Things to watch

  • Burning cash. Free cash flow was -17.2% of revenue over the last 12 months.
  • High earnings multiple. The shares trade at 40 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 66% and a beta of 2.4 against the S&P 500.
  • Gross margin slipping. Gross margin is down 10.0 points on a year ago.
  • Weak cash conversion. Free cash flow was -115% of net income over the last 12 months.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 71.9% ranks 29 of 29 trading companies & distributors companies we cover (median 21.4%).

Latest results: FY2026 Q3

Filed November 2, 2026
Earnings per share
$1.72 against an average estimate of $1.39: beat by 24.4%
Revenue
$978m, up 46.6% on a year earlier
Share reaction
+12.0% in the first session after the results on October 29, 2026, against -2.1% for the S&P 500
Guidance given
2026 CFM56 module production outlook 1200 (2026)
Next report
October 29, 2026

FTAI Aviation's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+5.6%
  • 1 week+25.5%
  • 1 month+18.4%
  • This year+1.0%
  • 1 year+15.3%
  • 5 years+931.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3.4B
Net margin
15.0%
EPS (TTM, diluted)
$4.91

Growth

Revenue growth
+46.0%
Change in growth rate
+0.8 pts
Share count change
+1.6%

Cash

Free cash flow (TTM)
-$589M
FCF margin
-17.2%
Stock pay % of revenue
0.8%

Earnings

Last results
October 29, 2026
Next results (est.)
January 29, 2027

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Results
  3. Guidance
  4. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

FTAI Aviation Ltd. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 1 valuation models apply; a rating needs 3.

Valuation models

We value FTAI Aviation Ltd. as an operating company, with every model that fits that kind of business. Cost of equity 10.4%: the 10-year Treasury yield (4.9%) plus a beta of 1.2 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$100 ~$92–$150 Primary model, counts double
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: return on equity above 40%: buybacks or intangibles make book value too small an anchor
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$21 ~$19–$25 Left out: out of range vs price (0.11x)
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. — Does not apply: earnings are positive: price-to-earnings is the better measure
Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$100 ~$92–$150 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare FTAI Aviation Ltd. with Trading Companies & Distributors in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$5.04$6.70$10.88$8.47$12.54$16.69$21.58$16.00$45.07$141.83$195.75$197.75
Market value$338m$508m$824m$708m$1.1bn$1.4bn$1.9bn$1.6bn$4.5bn$14.4bn$20.3bn$20.6bn
+ Net debt (− = net cash)−$111m$198m$655m$1.1bn$1.2bn$1.8bn$2.4bn$2.2bn$2.4bn$3.4bn$3.2bn$3.1bn
Enterprise value$227m$706m$1.5bn$1.8bn$2.3bn$3.3bn$4.3bn$3.8bn$7.0bn$17.8bn$23.5bn$23.8bn
Multiples
Price / sales 2.5x3.4x4.5x2.1x1.9x4.8x5.8x2.2x3.9x8.3x8.1x6.0x
Price / earnings ——n/m120.4x4.8x———21.3x—42.6x40.3x
Price / free cash flow ————————36.8x———
EV / EBITDA ————————————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

17 /100

Weak moat

How hard FTAI Aviation's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 0.0% of total assets over 10 years.

  • Pricing power 10 / 20

    Gross margin has been a median 54.6%, moving by 13.1 percentage points (standard deviation) across 5 years.

  • Durability 0 / 20

    Net margin has been a median 1.1%; its worst year was -69.6%.

  • Cash conversion 2 / 20

    Free cash flow was positive in 2 of 10 years, at a median -15.8% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 21.3% over five years; stock-based pay has been a median 0.3% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (22 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $5.86 +25% $3.9bn +56%
Next $13.50 +130% $6.6bn +69%

Next year's EPS estimate has moved +2.4% in 90 days, across 1 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −16.5% on 90 days ago. In the last 30 days, 0 analysts raised FTAI Aviation Ltd.'s forecast and 1 cut it.

Consensus EPS forecast FTAI Aviation Ltd., last 90 days
$4.00 $6.00 $8.00 $10.00 $12.00 $14.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $7.02 Current fiscal year, 60 days ago: $5.69 Current fiscal year, 30 days ago: $5.91 Current fiscal year, 7 days ago: $5.86 Current fiscal year, Now: $5.86 $5.86 Next fiscal year, 90 days ago: $13.19 Next fiscal year, 60 days ago: $12.01 Next fiscal year, 30 days ago: $12.64 Next fiscal year, 7 days ago: $13.50 Next fiscal year, Now: $13.50 $13.50

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $7.02$13.19
60 days ago $5.69$12.01
30 days ago $5.91$12.64
7 days ago $5.86$13.50
Now $5.86$13.50

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $1.39 $1.72 +24.4%
Jun 2026 $2.09 $1.26 −39.5%
Mar 2026 $1.60 $1.46 −8.4%
Dec 2025 $1.18 $1.24 +4.7%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 29, 2026
  • 2026 CFM56 module production outlook · Aerospace Products 2026 about 1,200
    “Year-to-date production now totals 877 modules toward the 2026 outlook of 1,200 modules (2)” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

11 analysts, Oct 2026
Buy11100%
Hold00%
Sell00%

Monthly trend

  1. Oct 20264711
  2. Sep 20264610
  3. Aug 20264610
  4. Jul 20264610

Counts of recommendations published by analysts covering FTAI Aviation Ltd., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
9.7%
of tradable shares
Days to cover
4
at average volume
Short interest, 1 month
+3%
to October 15, 2026
Held by institutions
99%
of shares
Held by insiders
1.1%
of shares
Employees
985
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +15.3%

$171.57 on October 31, 2025 to $197.75

ThenNowEffect
Revenue (last 12 months) $2.1bn $3.1bn +45.3%
Net margin 19.4% 15.3% −21.0%
P/E multiple 42.3x 43.2x +2.2%
Share count 103m 104m −1.6%

Biggest factor: revenue.

Last 3 years +419.5%

$38.07 on November 3, 2023 to $197.75

ThenNowEffect
Revenue (last 12 months) $1.1bn $3.1bn +190.5%
P/S multiple 3.6x 6.6x +86.6%
Share count 100m 104m −4.2%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
FTAI+29%−26%+182%+215%+38%+1%
Industry peers (median)+34%−10%+28%−7%+2%+14%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
FTAI58%33%83%92%67%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
FTAI−36%−40%−12%−28%−52%−50%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 73% from February 19, 2020 to March 18, 2020. Getting back needed a 268% gain, reached on November 18, 2020, 245 days after the low.

Price behaviour

52-week range
$151.95 – $308.31
From 52-week high
−35.9%
vs 50-day average
+10.6%
vs 200-day average
−14.4%
Volatility (1 year)
66%
Beta vs S&P 500
2.44

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±8.8%
After a week
9 up, 2 down
typical move ±10.0%
After a month
8 up, 3 down
typical move ±17.8%
Results releasedNext dayS&P 500 next day5 days21 days
October 29, 2026 +12.0% −2.1% — —
July 29, 2026 −7.0% +0.1% +5.3% −5.9%
April 29, 2026 +15.6% +1.0% +32.2% +20.7%
February 25, 2026 +2.0% +0.3% −6.9% −20.9%
July 30, 2025 +20.6% −0.5% +20.6% +36.4%
April 30, 2025 −20.4% +0.7% +0.8% +7.6%
February 26, 2025 −2.5% −1.5% −14.9% −13.6%
October 30, 2024 −6.3% −2.3% +3.9% +17.9%
July 24, 2024 −2.3% −2.8% +3.3% +11.2%
April 25, 2024 −3.7% +0.6% +2.8% +15.4%
February 22, 2024 +8.5% +2.1% +5.5% +23.1%
October 25, 2023 +4.5% −2.6% +14.3% +23.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

FTAI Aviation Ltd. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) FTAI Aviation Ltd.
$0 $1B $2B $3B $4B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $1.2B Revenue (TTM), FY24 Q1: $1.2B Revenue (TTM), FY24 Q2: $1.4B Revenue (TTM), FY24 Q3: $1.5B Revenue (TTM), FY24 Q4: $1.7B Revenue (TTM), FY25 Q1: $1.9B Revenue (TTM), FY25 Q2: $2.1B Revenue (TTM), FY25 Q3: $2.3B Revenue (TTM), FY25 Q4: $2.5B Revenue (TTM), FY26 Q1: $2.8B Revenue (TTM), FY26 Q2: $3.1B Revenue (TTM), FY26 Q3: $3.4B $3.4B

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $1.2B
FY24 Q1 $1.2B
FY24 Q2 $1.4B
FY24 Q3 $1.5B
FY24 Q4 $1.7B
FY25 Q1 $1.9B
FY25 Q2 $2.1B
FY25 Q3 $2.3B
FY25 Q4 $2.5B
FY26 Q1 $2.8B
FY26 Q2 $3.1B
FY26 Q3 $3.4B
Revenue growth, TTM YoY FTAI Aviation Ltd.
20% 30% 40% 50% 60% 70% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 65.3% Revenue growth, TTM YoY, FY24 Q1: 32.5% Revenue growth, TTM YoY, FY24 Q2: 28.2% Revenue growth, TTM YoY, FY24 Q3: 36.8% Revenue growth, TTM YoY, FY24 Q4: 48.2% Revenue growth, TTM YoY, FY25 Q1: 58.5% Revenue growth, TTM YoY, FY25 Q2: 55.9% Revenue growth, TTM YoY, FY25 Q3: 51.4% Revenue growth, TTM YoY, FY25 Q4: 44.5% Revenue growth, TTM YoY, FY26 Q1: 48.5% Revenue growth, TTM YoY, FY26 Q2: 45.3% Revenue growth, TTM YoY, FY26 Q3: 46.0% 46.0%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 65.3%
FY24 Q1 32.5%
FY24 Q2 28.2%
FY24 Q3 36.8%
FY24 Q4 48.2%
FY25 Q1 58.5%
FY25 Q2 55.9%
FY25 Q3 51.4%
FY25 Q4 44.5%
FY26 Q1 48.5%
FY26 Q2 45.3%
FY26 Q3 46.0%
FCF margin (TTM) FTAI Aviation Ltd.
-20% -10% 0% 10% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 10.5% FCF margin (TTM), FY24 Q1: 7.0% FCF margin (TTM), FY24 Q2: -9.6% FCF margin (TTM), FY24 Q3: -9.0% FCF margin (TTM), FY24 Q4: -11.4% FCF margin (TTM), FY25 Q1: -11.8% FCF margin (TTM), FY25 Q2: -7.2% FCF margin (TTM), FY25 Q3: -8.4% FCF margin (TTM), FY25 Q4: -13.5% FCF margin (TTM), FY26 Q1: -16.8% FCF margin (TTM), FY26 Q2: -15.4% FCF margin (TTM), FY26 Q3: -17.2% -17.2%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 10.5%
FY24 Q1 7.0%
FY24 Q2 -9.6%
FY24 Q3 -9.0%
FY24 Q4 -11.4%
FY25 Q1 -11.8%
FY25 Q2 -7.2%
FY25 Q3 -8.4%
FY25 Q4 -13.5%
FY26 Q1 -16.8%
FY26 Q2 -15.4%
FY26 Q3 -17.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 20 58 137 149 185 342 579 298 336 708 1,171 1,735 2,507 3,423
Gross profit — — — — — — — 298 321 460 669 909 1,158 1,271
Net income 25 8 −12 −20 0 6 223 −105 −129 −220 212 −32 477 513
Diluted EPS $0.46 $0.15 −$0.18 −$0.26 $0.00 $0.07 — — — — $2.11 −$0.32 $4.60 $4.91
Growth (year on year)
Revenue — +196.6% +135.7% +8.9% +24.4% +84.9% +69.2% −48.5% +12.6% +111.1% +65.3% +48.2% +44.5% +46.0%
Net income — −68.7% −252.0% — — — — −147.0% — — — −115.1% — +13.3%
Diluted EPS — −67.4% −220.0% — — — — — — — — −115.2% — +11.6%
Margins
Gross margin — — — — — — — 100.0% 95.7% 64.9% 57.1% 52.4% 46.2% 37.1%
Net margin 127.1% 13.4% −8.7% −13.5% 0.1% 1.7% 38.6% −35.3% −38.4% −31.1% 18.1% −1.8% 19.0% 15.0%
Free-cash-flow margin 61.0% −139.8% −53.1% −17.8% −25.7% −28.1% −31.1% −67.7% −53.5% −23.3% 10.5% −11.4% −13.5% −17.2%
Cash flow
Cash from operations 12 −32 24 31 68 134 151 63 −22 −21 129 −188 −311 −512
Capital spending 0 49 96 57 116 230 331 265 157 144 6 9 28 77
Free cash flow 12 −81 −73 −26 −48 −96 −180 −202 −179 −165 123 −197 −338 −589
Stock-based pay 0 1 5 −4 1 1 2 0 0 3 2 6 22 27
Free cash flow after stock pay 12 −82 −77 −23 −48 −97 −182 −202 −179 −167 121 −203 −360 −616
Balance sheet
Cash 7 22 382 68 59 100 227 122 138 34 91 115 300 386
Total debt 0 593 271 266 715 1,230 1,439 1,941 2,545 2,205 2,517 3,496 3,496 3,496
Net debt (negative = net cash) −7 571 −111 198 655 1,130 1,213 1,819 2,406 2,172 2,427 3,381 3,196 3,111
Diluted shares 54m 54m 67m 76m 76m 84m 86m 86m 90m 99m 100m 102m 104m 104m
Returned to shareholders
Dividends 0 0 36 100 100 111 114 114 118 128 120 122 128 174
Total returned 0 0 36 100 100 111 114 114 118 128 120 122 128 174

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 6 checks passed · September 30, 2026
What it owns · $4.8bn
Short-term assets $2.9bnLonger-term assets $1.9bn
What it owes, and who funded it · $4.8bn
Short-term liabilities $771mLonger-term liabilities $3.6bnShareholders' equity $433m
  • Short-term assets cover short-term liabilities $2.9bn of assets due within a year against $771m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.9bn short-term assets against $3.6bn of longer-dated liabilities.
  • More cash than debt $386m of cash against $3.5bn of debt.
  • Debt below 40% of shareholders' equity Debt is 797% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 447% to 797% over five years.
  • A year's operating cash flow covers at least 20% of debt −$512m of operating cash flow against $3.5bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From FTAI Aviation Ltd.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$174M
Returned to shareholders
-30%
of free cash flow
Diluted share count
+1.6%
year over year
Total shareholder yield
0.9%
dividends 0.9% + buybacks 0.0% of market value
Dividend payout ratio
34%
of net income paid out
Days sales outstanding
17 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in trading companies & distributors
Last 12 months unless stated FTAI BXC MSM SITE HRI AIT Median
Revenue, last 12 months $3.4bn $3.0bn $4.0bn $4.8bn $4.9bn $5.1bn $2.2bn
Revenue growth, last 12 months 46.0% 2.1% 6.4% 2.9% 19.4% 8.5% 8.4%
Revenue growth, 3-year average 44.6% −5.1% 0.0% 4.4% 14.9% 4.4% 5.1%
Revenue growth, latest quarter 46.6% 4.4% 10.3% 2.6% 4.6% 7.6% 9.0%
Gross margin 37.1% 15.8% 40.9% 35.3% — 30.4% 28.3%
Operating margin — 1.2% 8.0% 5.5% — 11.2% 5.5%
Operating margin, 3-year average — 2.4% 8.7% 5.0% — 11.0% 6.4%
Net margin 15.0% −0.1% 5.6% 3.5% 2.5% 8.4% 3.5%
Cash from operations / revenue −15.0% 2.5% 7.6% 6.7% 25.8% 8.9% 4.9%
Free-cash-flow margin −17.2% 1.9% 5.6% 5.2% 22.9% 8.3% 2.4%
Free-cash-flow margin, 3-year average −11.5% 1.8% 6.7% 4.9% 25.1% 9.1% 3.1%
Stock pay / revenue 0.8% 0.4% 0.5% 0.6% 0.6% 0.1% 0.5%
Change in share count 1.6% −4.6% 0.2% −1.9% 11.4% −2.8% −0.5%

Median of all 32 companies we cover in trading companies & distributors. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

32 trading companies & distributors companies
Measure Company Peer median Rank
Revenue growth Growth 46.0% 8.5% 3 of 32
Change in growth rate Growth +0.8pp +0.8pp 15 of 32
Gross margin Profitability 37.1% 28.9% 5 of 26
Net margin Profitability 15.0% 3.5% 5 of 32
Free-cash-flow margin Cash generation -17.2% 2.8% 29 of 32
Stock pay as % of revenue Cash generation 0.8% 0.5% 18 of 29
Long-term debt as % of assets Balance sheet 71.9% 21.4% 29 of 29
Change in share count Balance sheet 1.6% -0.8% 22 of 27
Days sales outstanding Balance sheet 17 days 57 days 3 of 27

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue YoY
Aerospace Products $1.6B ▲ 48.2%
MRE Contract $336M —
Equipment Leasing Revenues $235M ▼ 7.9%
Equipment Leasing $235M ▼ 7.9%
Maintenance $218M ▲ 8.8%
Manufactured Product Other $107M ▼ 44.4%
Other $10.5M ▲ 55.6%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
North America $1.2B 49.7% ▲ 103.0%
Europe $659M 26.3% ▼ 4.2%
Asia $435M 17.4% ▲ 27.8%
Africa $92.2M 3.7% ▲ 613.7%
South America $75.6M 3.0% ▼ 4.9%

From FTAI Aviation Ltd.'s 10-K filed February 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$26.8B
Institutions reporting
677
Shares held vs prior quarter
▲ 3.1%
Positions opened / closed
130 / 68

Top buyers and sellers, Q2 2026: 383 institutions bought and 270 sold ; the biggest buyer was Wellington Management Group LLP (+794K shares) and the biggest seller FMR LLC (−1.7M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Capital International Investors $3.3B 12.4M 12.5% ▲ 4.7%
Capital World Investors $3.1B 11.4M 11.5% ▼ 2.0%
Blackrock, Inc. $2.3B 8.6M 8.7% ▲ 5.3%
Vanguard Capital Management LLC $1.3B 4.6M 4.7% ▲ 0.8%
Vanguard Portfolio Management LLC $1.1B 4.1M 4.1% ▼ 1.1%
FMR LLC $971M 3.6M 3.6% ▼ 32.6%
DZ Bank AG Deutsche Zentral Genossenschafts Bank, Frankfurt Am Main $850M 3.1M 3.2% ▼ 16.2%
State Street Corp $834M 3.1M 3.1% ▲ 2.5%
Rubric Capital Management LP $812M 3.0M 3.0% ▲ 16.5%
Westfield Capital Management Co LP $795M 2.9M 3.0% ▲ 3.1%
Capital Research Global Investors $782M 2.9M 2.9% ▲ 0.7%
Wellington Management Group LLP $629M 2.3M 2.4% ▲ 51.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not FTAI Aviation Ltd.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $1.9M 5 trades by 3 insiders, last 12 months Insider sales History → $64.6M 5 trades by 3 insiders · 0% under pre-set plans
Net ▼ $62.7M net selling
Insider Date Trade Shares Price Value
Moreno David President July 31, 2026 Buy 2,475 $201.27 $498,143
Hannaway Judith A Director May 27, 2026 Sell 255 $253.89 $64,742
Tuchman Martin Director May 4, 2026 Sell 67,500 $241.99 $16.3M
Tuchman Martin Director May 4, 2026 Sell 43,176 $240.64 $10.4M
Tuchman Martin Director May 1, 2026 Sell 143,584 $242.44 $34.8M
Goodwin Paul R Director February 27, 2026 Sell 10,000 $303.35 $3M
Nam Eun Chief Financial Officer November 14, 2025 Buy 652 $153.46 $100,056
Adams Joseph P. Jr. CEO and Chairman November 13, 2025 Buy 2,000 $155.91 $311,820
Moreno David Chief Operating Officer November 13, 2025 Buy 4,354 $153.89 $670,037
Moreno David Chief Operating Officer November 13, 2025 Buy 2,283 $153.50 $350,440

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 19 trades and filings

In the last 12 months, 1 member of Congress disclosed 0 purchases and 1 sale of FTAI Aviation Ltd. shares.

  • Brian Babin(R-TX 36):Sale (partial), $50,001 - $100,000, traded May 5, 2026, filed May 18, 2026
  • Thomas J. Rooney(FL):Purchase, $250,001 - $500,000, traded December 27, 2018, filed January 14, 2019
  • Thomas J. Rooney(FL):Purchase, $100,001 - $250,000, traded December 21, 2018, filed January 14, 2019

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 29, 2027 estimated from the company's past filing pattern, not announced

  • October 29, 2026
  • July 29, 2026
  • April 29, 2026
  • February 25, 2026
  • July 30, 2025
  • April 30, 2025

Recent SEC filings

Data status

When each part of this page on FTAI Aviation Ltd. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

FTAI Aviation Ltd. in brief

What does FTAI Aviation Ltd. do?
FTAI Aviation Ltd. is a US-listed company in the trading companies & distributors industry. Its financial year ends in December.
What is FTAI Aviation Ltd.'s stock ticker?
FTAI Aviation Ltd. trades under the ticker FTAI on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is FTAI Aviation Ltd.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, FTAI Aviation Ltd. reported revenue of $3.4B, 46.0% higher than a year earlier, according to its SEC filings.
What is FTAI Aviation Ltd.'s free cash flow?
FTAI Aviation Ltd.'s free-cash-flow margin is -17.2% of revenue over the trailing twelve months, ranking 29 of the 32 trading companies & distributors companies we cover.
Who are FTAI Aviation Ltd.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Capital International Investors, Capital World Investors and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is FTAI Aviation Ltd.'s market cap?
On November 2, 2026, FTAI Aviation Ltd.'s market capitalisation was about $20.6B, with a price-to-earnings ratio of 40.3 and net debt of $3.1B. Market figures come from third-party market data and may be delayed.
Does FTAI Aviation Ltd. pay a dividend?
Yes: FTAI Aviation Ltd. paid $174M in dividends over the trailing twelve months, a dividend yield of 0.86% and a payout ratio of 34.0%.
How much debt does FTAI Aviation Ltd. have?
FTAI Aviation Ltd.'s debt-to-equity ratio is 797.4%, from its latest balance sheet (446.7% five years earlier). The financial health section below sets out its other solvency checks.
Who are FTAI Aviation Ltd.'s competitors?
In our Trading Companies & Distributors peer group, the companies closest to FTAI Aviation Ltd. are Bluelinx Holdings Inc., MSC Industrial Direct Co Inc, Siteone Landscape Supply, Inc., Herc Holdings Inc and Applied Industrial Technologies Inc. The side-by-side comparison below sets their revenue, margins and growth against FTAI Aviation Ltd.'s.
Are insiders buying or selling FTAI Aviation Ltd. stock?
Over the last 12 months, FTAI Aviation Ltd.'s directors and officers reported 5 open-market purchases and 5 sales on Form 4. The insider trading page charts every trade.
When is FTAI Aviation Ltd.'s next earnings date?
Around January 29, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — FTAI Aviation Ltd. announces its own schedule.