What is FTAI Aviation Ltd.'s earnings per share (EPS)?

FTAI Aviation Ltd. (FTAI) reported diluted earnings per share of $4.60 for fiscal year 2025. This represents a 1537.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

FTAI Aviation Ltd. (FTAI) Financials

FTAI

Trailing 12 months to June 30, 2026

Revenue $3.1B +45.3% YoY

Net Income $496.3M +8.7% YoY

EPS (Diluted) $4.60 +13.6% YoY

Free Cash Flow -$480.4M -211.1% YoY

Market Cap $18.4B as of Oct 7, 2026

Price / Sales 5.9x on $3.1B revenue, trailing 12 months to June 30, 2026

Price / Earnings 37.1x on $496.3M net income, trailing 12 months to June 30, 2026

Price / Book 45.6x on $404.0M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 7, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 31, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 31, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FTAI SEC filings page.

FTAI Aviation Ltd. (FTAI) reported $3.1B in revenue over the twelve months to Jun 30, 2026, up 45.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FTAI FY2025 2026-10-03

FTAI’s earnings improved sharply, but inventory-heavy growth and heavy leverage leave reported profits disconnected from cash generation.

FY2025’s earnings-to-cash gap is the central operating signal: net income was $501M, yet operating cash flow was -$311M. Inventory reached $1.19B from $551M in FY2024, suggesting expansion absorbed cash in working capital instead of converting accounting profit into cash.

Rapid top-line expansion did not improve gross economics: gross margin fell to 46.2% in FY2025, even as net margin reached 20.0%. This divergence indicates that below-gross-profit items, rather than improved underlying production economics alone, materially shaped reported earnings.

The balance sheet combines strong short-term coverage with substantial long-term leverage: current ratio was 5.3x, while debt-to-equity was 10.3x in FY2025. Reported liquidity equaled 11.6 months of the latest annual operating outflow, but negative operating cash flow means that cushion must be read alongside the company’s cash-conversion strain.

Financial Health Signals

Financial Health Score 34/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of FTAI Aviation Ltd.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Not available for FTAI Aviation Ltd., and counted as zero in the overall score.

Growth

FTAI Aviation Ltd.'s revenue surged 44.5% year-over-year to $2.5B, reflecting rapid business expansion. This strong growth earns a score of 94/100.

Leverage

FTAI Aviation Ltd. has elevated debt relative to equity (D/E of 10.32), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 5/100, reflecting increased financial risk.

Liquidity

With a current ratio of 5.28, FTAI Aviation Ltd. holds $5.28 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 92/100.

Cash Flow

FTAI Aviation Ltd.'s operations used $310.7M of cash, and capex of $27.7M added to the outflow, for a free cash flow shortfall of $338.5M. This results in a cash flow score of 13/100.

Returns

Not available for FTAI Aviation Ltd., and counted as zero in the overall score.

Piotroski F-Score Neutral

5/9

FTAI Aviation Ltd. passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality No Cash Backing

$0.62used

For every $1 of reported earnings, FTAI Aviation Ltd. used $0.62 of operating cash (-$310.7M OCF vs $501.1M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.

Key Financial Metrics

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Earnings & Revenue

Revenue

$953.1M

YoY+40.9%

QoQ+14.7%

5Y CAGR+58.0%

10Y CAGR+39.9%

FTAI Aviation Ltd. generated $953.1M in revenue in Q2 2026. This represents an increase of 40.9% from the same quarter a year earlier. Against the prior quarter it is up 14.7%.

Net Income

$125.1M

YoY-24.4%

QoQ-9.3%

FTAI Aviation Ltd. reported $125.1M in net income in Q2 2026. This represents a decrease of 24.4% from the same quarter a year earlier. Against the prior quarter it is down 9.3%.

EPS (Diluted)

$1.13

YoY-28.0%

QoQ-12.4%

FTAI Aviation Ltd. earned $1.13 per diluted share (EPS) in Q2 2026. This represents a decrease of 28.0% from the same quarter a year earlier. Against the prior quarter it is down 12.4%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

-$122.6M

YoY-4.6%

QoQ+26.5%

FTAI Aviation Ltd. recorded an outflow of $122.6M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 4.6% from the same quarter a year earlier. Against the prior quarter it is up 26.5%.

Cash & Debt

$337.2M

YoY+11.7%

QoQ-18.2%

5Y CAGR+26.2%

10Y CAGR+2.0%

FTAI Aviation Ltd. held $337.2M in cash against $3.5B in long-term debt as of Q2 2026.

Dividends Per Share

$0.50

YoY+66.7%

QoQ+11.1%

5Y CAGR+8.7%

10Y CAGR+4.2%

FTAI Aviation Ltd. paid $0.50 per share in dividends in Q2 2026. This represents an increase of 66.7% from the same quarter a year earlier. Against the prior quarter it is up 11.1%.

Shares Outstanding

103M

YoY+0.1%

QoQ+0.1%

5Y CAGR+3.7%

10Y CAGR+3.1%

FTAI Aviation Ltd. had 103M shares outstanding in Q2 2026. This represents an increase of 0.1% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.

Margins & Returns

Gross Margin

33.3%

YoY-12.1pp

QoQ-3.6pp

FTAI Aviation Ltd.'s gross margin was 33.3% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 12.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.6 percentage points.

Net Margin

13.1%

YoY-11.3pp

QoQ-3.5pp

5Y change+50.9pp

10Y change+46.9pp

FTAI Aviation Ltd.'s net profit margin was 13.1% in Q2 2026, showing the share of revenue converted to profit. This is down 11.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.5 percentage points.

Return on Equity

31.0%

YoY-69.3pp

QoQ-1.0pp

5Y change+33.3pp

10Y change+31.9pp

FTAI Aviation Ltd.'s ROE was 31.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 69.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.0 percentage points.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Capital Expenditures

$17.4M

YoY+150.8%

QoQ+161.6%

5Y CAGR-17.3%

10Y CAGR+14.1%

FTAI Aviation Ltd. invested $17.4M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 150.8% from the same quarter a year earlier. Against the prior quarter it is up 161.6%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

FTAI Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FTAI quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
Revenue	$3.1B	$2.5B+44.5%	$1.7B+48.2%	$1.2B+65.3%	$708.4M+111.1%	$335.6M+12.6%	$297.9M-48.5%	$578.8M+69.2%	$342.1M+84.9%	$185.1M+24.4%	$148.7M+8.9%	$136.6M+135.7%	$57.9M+196.6%	$19.5M
Cost of Revenue	$1.9B	$1.3B+63.4%	$825.9M+64.5%	$502.1M+102.2%	$248.4M+1636.0%	$14.3M	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$1.2B	$1.2B+27.4%	$909.0M+35.9%	$668.8M+45.4%	$460.0M+43.2%	$321.3M+7.8%	$297.9M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$8.6M	$9.5M-33.5%	$14.3M+4.1%	$13.7M-3.3%	$14.2M+5.3%	$13.4M-4.7%	$14.1M-16.6%	$16.9M+10.6%	$15.3M+4.9%	$14.6M+18.3%	$12.3M+62.7%	$7.6M+277.1%	$2.0M+149.3%	$805K
Interest Expense	$247.3M	$247.8M+11.7%	$221.7M+37.2%	$161.6M-4.5%	$169.2M+9.1%	$155.0M+77.3%	$87.4M-8.5%	$95.6M+68.2%	$56.8M+50.4%	$37.8M+99.4%	$19.0M-1.8%	$19.3M+228.9%	$5.9M+108.5%	$2.8M
Income Tax	$102.0M	$105.6M+1824.9%	$5.5M+109.2%	-$59.8M-1228.3%	$5.3M+69.5%	$3.1M+172.0%	-$4.3M-124.4%	$17.8M+627.2%	$2.4M+25.3%	$2.0M+629.1%	$268K-54.3%	$586K-33.0%	$874K	$0
Net Income	$496.3M	$501.1M+5671.3%	$8.7M-96.4%	$243.8M+215.0%	-$212.0M-62.2%	-$130.7M-24.4%	-$105.0M-147.0%	$223.3M+3695.8%	$5.9M+4289.6%	$134K+100.7%	-$20.1M-69.7%	-$11.8M-252.0%	$7.8M-68.7%	$24.8M
EPS (Basic)	N/A	$4.66+1556.3%	-$0.32-115.1%	$2.12+252.5%	-$1.39-85.3%	-$0.75-13.6%	-$0.66-137.9%	$1.74+2385.7%	$0.07	$0.00+100.0%	-$0.26-44.4%	-$0.18-220.0%	$0.15	N/A
EPS (Diluted)	$4.60	$4.60+1537.5%	-$0.32-115.2%	$2.11+251.8%	-$1.39-85.3%	-$0.75-13.6%	-$0.66-137.9%	$1.74	$0.07	$0.00+100.0%	-$0.26-44.4%	-$0.18-220.0%	$0.15	N/A
Diluted Shares (Avg)	N/A	104M+2.3%	102M+1.1%	100M+1.0%	99M+10.6%	90M+4.5%	86M0.0%	86M	84M+10.4%	76M0.0%	76M+13.0%	67M+25.3%	54M0.0%	54M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$953.1M+40.9%	$830.7M+65.5%	$662.0M+32.7%	$667.1M+43.2%	$676.2M+52.4%	$502.1M+53.7%	$498.8M+59.5%	$465.8M+60.0%
Cost of Revenue	$635.8M+72.2%	$524.3M+110.8%	$368.8M+43.1%	$362.9M+65.3%	$369.3M+79.4%	$248.7M+74.2%	$257.7M+90.6%	$219.5M+88.1%
Gross Profit	$317.3M+3.4%	$306.4M+20.9%	$293.2M+21.6%	$304.1M+23.5%	$307.0M+29.1%	$253.4M+37.8%	$241.1M+35.8%	$246.3M+41.2%
SG&A Expenses	$2.2M-8.1%	$2.4M-22.6%	$2.1M-41.4%	$1.8M-54.8%	$2.4M-17.8%	$3.1M-15.4%	$3.6M+4.0%	$4.0M+34.2%
Interest Expense	$64.1M+0.2%	$61.4M-1.0%	$61.0M+0.1%	$60.8M+4.9%	$64.0M+15.9%	$62.0M+30.0%	$60.9M+39.4%	$57.9M+44.2%
Income Tax	$25.6M-32.4%	$31.5M+37.6%	$18.6M+230.3%	$26.3M+259.2%	$37.9M+390.6%	$22.9M+310.2%	$5.6M+108.3%	$7.3M+97.9%
Net Income	$125.1M-24.4%	$137.9M+34.7%	$115.6M+12.8%	$117.7M+36.1%	$165.4M+175.2%	$102.4M+158.4%	$102.4M-13.4%	$86.5M+109.4%
EPS (Basic)	$1.15-27.2%	$1.31+48.9%	$1.09+28.2%	$1.11+46.1%	$1.58+169.9%	$0.88+183.9%	$0.85-22.7%	$0.76+130.3%
EPS (Diluted)	$1.13-28.0%	$1.29+48.3%	$1.08+27.1%	$1.10+44.7%	$1.57+169.5%	$0.87+180.6%	$0.85-22.0%	$0.76+130.3%
Diluted Shares (Avg)	104M+0.9%	104M+1.1%	N/A	104M+0.6%	103M+2.2%	103M+2.2%	N/A	103M+2.9%

Not reported in any period shown, so not listed: R&D Expenses, Operating Income, EBITDA.

FTAI Balance Sheet

FTAI quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
Total Assets	$4.4B+8.3%	$4.0B+36.2%	$3.0B+22.0%	$2.4B-50.0%	$4.9B+43.6%	$3.4B+4.7%	$3.2B+22.7%	$2.6B+34.9%	$2.0B+26.4%	$1.5B-5.9%	$1.6B+17.1%	$1.4B	N/A
Current Assets	$2.1B+72.3%	$1.2B+82.6%	$671.4M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$300.5M+161.0%	$115.1M+26.8%	$90.8M+170.4%	$33.6M-75.7%	$138.2M+13.6%	$121.7M-46.3%	$226.5M+127.4%	$99.6M+67.7%	$59.4M-12.7%	$68.1M-82.2%	$381.7M+1625.2%	$22.1M+205.8%	$7.2M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$1.2B+116.6%	$551.2M+74.1%	$316.6M+93.5%	$163.7M+63.2%	$100.3M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$209.9M+39.2%	$150.8M+31.0%	$115.2M+15.8%	$99.4M-20.4%	$124.9M+36.2%	$91.7M+85.3%	$49.5M+6.6%	$46.4M+49.4%	$31.1M+45.5%	$21.4M+47.6%	$14.5M+50.9%	$9.6M	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$94.2M+54.3%	$61.1M+1219.0%	$4.6M	$0-100.0%	$257.1M+109.5%	$122.7M+0.1%	$122.6M+5.7%	$116.0M-0.5%	$116.6M0.0%	$116.6M0.0%	$116.6M0.0%	$116.6M	N/A
Total Liabilities	$4.0B+2.1%	$4.0B+41.9%	$2.8B+15.7%	$2.4B-35.6%	$3.7B+63.4%	$2.3B+20.6%	$1.9B+19.8%	$1.6B+72.1%	$920.7M+141.3%	$381.6M+7.8%	$354.1M-48.8%	$691.2M	N/A
Current Liabilities	$399.9M+15.2%	$347.2M+91.0%	$181.8M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Non-Current Liabilities	$3.6B+0.8%	$3.6B+38.5%	$2.6B	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$3.4B+0.2%	$3.4B+36.7%	$2.5B+15.7%	$2.2B-13.0%	$2.5B+31.3%	$1.9B+34.1%	$1.4B+16.9%	$1.2B+72.8%	$703.3M+171.0%	$259.5M-2.5%	$266.2M-55.1%	$592.9M	N/A
Total Equity	$334.2M+310.7%	$81.4M-53.6%	$175.3M+803.8%	$19.4M-98.3%	$1.1B+2.3%	$1.1B-17.9%	$1.3B+27.1%	$1.1B+1.8%	$1.0B-11.2%	$1.2B-9.7%	$1.3B+80.9%	$713.5M	N/A
Retained Earnings	$282.5M+486.5%	-$73.1M+10.6%	-$81.8M+74.9%	-$325.6M-145.9%	-$132.4M-370.2%	-$28.2M-114.8%	$190.5M+680.3%	-$32.8M+15.2%	-$38.7M+0.3%	-$38.8M-106.9%	-$18.8M	$0	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$4.5B+9.5%	$4.5B+6.1%	$4.4B+8.3%	$4.2B+13.4%	$4.1B+18.9%	$4.3B+34.4%	$4.0B+36.2%	$3.7B+42.0%
Current Assets	$2.5B+44.4%	$2.6B+38.5%	$2.1B+72.3%	$2.0B	$1.8B	$1.9B	$1.2B+82.6%	N/A
Cash & Equivalents	$337.2M+11.7%	$412.2M+267.6%	$300.5M+161.0%	$509.9M+355.8%	$301.9M+78.1%	$112.1M+71.9%	$115.1M+26.8%	$111.9M+111.6%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$1.5B+105.2%	$1.4B+111.5%	$1.2B+116.6%	$897.2M+82.7%	$752.9M+101.7%	$645.2M+86.7%	$551.2M+74.1%	$491.0M+78.7%
Accounts Receivable	$168.2M-29.8%	$176.9M-20.9%	$209.9M+39.2%	$214.9M+29.2%	$239.5M+55.5%	$223.5M+62.7%	$150.8M+31.0%	$166.3M
Long-Term Investments	$4.1M	$0	$0	$0	$0	$0	$0	$0
Goodwill	$94.2M+24.6%	$94.2M+54.3%	$94.2M+54.3%	$83.0M+163.3%	$75.6M+1533.6%	$61.1M+1219.0%	$61.1M+1219.0%	$31.5M
Total Liabilities	$4.1B+3.8%	$4.1B-3.4%	$4.0B+2.1%	$4.0B+10.1%	$3.9B+16.5%	$4.2B+41.4%	$4.0B+41.9%	$3.6B+42.6%
Current Liabilities	$481.2M+37.1%	$494.3M+4.3%	$399.9M+15.2%	$348.2M	$350.9M	$473.8M	$347.2M+91.0%	N/A
Non-Current Liabilities	$3.6B+0.5%	$3.6B-4.3%	$3.6B+0.8%	$3.6B	$3.6B	$3.8B	$3.6B+38.5%	N/A
Long-Term Debt	$3.5B+0.3%	$3.5B-5.3%	$3.4B+0.2%	$3.4B+7.1%	$3.4B+11.9%	$3.6B+35.2%	$3.4B+36.7%	$3.2B+41.2%
Total Equity	$404.0M+144.9%	$431.7M+1423.6%	$334.2M+310.7%	$252.5M+113.0%	$164.9M+137.1%	$28.3M-84.0%	$81.4M-53.6%	$118.5M+24.7%
Retained Earnings	$402.9M+107.0%	$375.7M+1182.9%	$282.5M+486.5%	$277.9M+258.3%	$194.7M+174.3%	$29.3M+169.5%	-$73.1M+10.6%	-$175.6M+12.3%

FTAI Cash Flow Statement

FTAI quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
Operating Cash Flow	-$439.8M	-$310.7M-65.3%	-$188.0M-245.7%	$129.0M+724.4%	-$20.7M+6.3%	-$22.0M-134.9%	$63.1M-58.2%	$151.0M+13.0%	$133.7M+95.2%	$68.5M+121.7%	$30.9M+31.3%	$23.5M+174.6%	-$31.6M-364.8%	$11.9M
Depreciation & Amortization	N/A	$225.8M+3.5%	$218.1M+28.4%	$169.9M+11.1%	$152.9M+3.5%	$147.7M+4.6%	$141.3M-16.4%	$169.0M+26.2%	$133.9M+55.6%	$86.1M+43.0%	$60.2M+32.9%	$45.3M+183.2%	$16.0M+309.3%	$3.9M
Stock-Based Compensation	N/A	$21.7M+261.9%	$6.0M+266.7%	$1.6M-37.6%	$2.6M	$0	$0-100.0%	$1.5M+110.5%	$717K+17.0%	$613K+116.7%	-$3.7M-178.8%	$4.7M+268.5%	$1.3M	$0
Capital Expenditures	$40.6M	$27.7M+200.6%	$9.2M+50.0%	$6.1M-95.7%	$144.2M-8.3%	$157.3M-40.6%	$264.8M-20.0%	$331.2M+44.0%	$230.0M+98.2%	$116.0M+102.2%	$57.4M-40.3%	$96.0M+94.2%	$49.4M	$0
Free Cash Flow	-$480.4M	-$338.5M-71.7%	-$197.2M-260.5%	$122.8M+174.5%	-$164.9M+8.1%	-$179.4M+11.1%	-$201.7M-12.0%	-$180.1M-87.1%	-$96.3M-102.5%	-$47.5M-79.6%	-$26.5M+63.5%	-$72.5M+10.5%	-$81.0M-779.9%	$11.9M
Investing Cash Flow	$742.9M	$723.3M+254.1%	-$469.5M-25.8%	-$373.3M+9.2%	-$411.3M+68.0%	-$1.3B-152.8%	-$509.1M-2.8%	-$495.2M+29.6%	-$703.5M-49.0%	-$472.3M-124.1%	-$210.7M+12.2%	-$239.9M+58.0%	-$571.4M	N/A
Financing Cash Flow	-$267.8M	-$227.2M-133.3%	$681.8M+141.6%	$282.2M+528.3%	$44.9M-97.2%	$1.6B+335.1%	$364.9M-21.7%	$465.9M-22.1%	$597.9M+64.7%	$363.1M+503.6%	-$90.0M-115.6%	$576.0M-6.8%	$617.9M+682.5%	$79.0M
Dividends Paid	$153.9M	$128.2M+5.5%	$121.6M+1.4%	$119.8M-6.7%	$128.5M+8.9%	$118.0M+3.9%	$113.6M0.0%	$113.5M+2.7%	$110.6M+10.5%	$100.1M0.0%	$100.0M+175.2%	$36.3M	$0	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	-$105.2M+4.6%	-$160.1M-516.5%	-$179.1M-328.4%	$4.6M-88.9%	-$110.3M+41.1%	-$26.0M-7426.4%	-$41.8M-442.2%	$41.5M-16.2%
Depreciation & Amortization	$47.0M-14.9%	$52.3M-12.2%	$55.7M+1.9%	$55.3M-2.6%	$55.2M-2.6%	$59.6M+19.3%	$54.7M+17.6%	$56.8M+29.2%
Stock-Based Compensation	$7.3M+32.9%	$6.3M+29.8%	N/A	$5.7M+295.5%	$5.5M+764.4%	$4.9M+858.6%	N/A	$1.4M+180.4%
Capital Expenditures	$17.4M+150.8%	$6.6M+59.8%	$10.2M+63.2%	$6.4M+1193.0%	$6.9M+497.8%	$4.2M+216.8%	$6.3M+178.9%	$497K-69.1%
Free Cash Flow	-$122.6M-4.6%	-$166.7M-453.5%	-$189.3M-293.9%	-$1.8M-104.4%	-$117.2M+37.8%	-$30.1M-1717.9%	-$48.1M-581.8%	$41.0M-14.5%
Investing Cash Flow	$198.7M-62.1%	$317.0M+1247.5%	$646K+102.4%	$226.5M+201.4%	$523.8M+1144.0%	-$27.6M+83.7%	-$26.8M+85.3%	-$223.3M-150.3%
Financing Cash Flow	-$168.5M+24.7%	-$45.2M-189.3%	-$31.0M-143.2%	-$23.1M-118.6%	-$223.7M-165.5%	$50.6M-64.9%	$71.8M-65.5%	$124.3M+73.9%
Dividends Paid	$46.2M+50.0%	$41.0M+33.4%	$35.9M+16.7%	$30.8M+0.4%	$30.8M+2.3%	$30.8M+2.3%	$30.8M+2.3%	$30.7M+2.5%

Not reported in any period shown, so not listed: Share Buybacks.

FTAI Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FTAI quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
Gross Margin	46.2%-6.2pp	52.4%-4.7pp	57.1%-7.8pp	64.9%-30.8pp	95.7%-4.3pp	100.0%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	20.0%+19.5pp	0.5%-20.3pp	20.8%+50.8pp	-29.9%+9.0pp	-39.0%-3.7pp	-35.3%-73.8pp	38.6%+36.9pp	1.7%+1.7pp	0.1%+13.6pp	-13.5%-4.8pp	-8.7%-22.1pp	13.4%	127.1%
Return on Equity	149.9%+139.3pp	10.7%-128.4pp	139.1%+1231.9pp	-1092.8%-1081.2pp	-11.6%-2.1pp	-9.6%-26.2pp	16.7%+16.1pp	0.6%+0.5pp	0.0%+1.7pp	-1.7%-0.8pp	-0.9%-2.0pp	1.1%	N/A
Return on Assets	11.5%+11.2pp	0.2%-8.0pp	8.2%+16.9pp	-8.7%-6.0pp	-2.7%+0.4pp	-3.1%-10.0pp	6.9%+6.7pp	0.2%+0.2pp	0.0%+1.3pp	-1.3%-0.6pp	-0.7%-1.3pp	0.5%	N/A
Current Ratio	5.28+1.8x	3.53-0.2x	3.69	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	10.32-32.0x	42.28+27.9x	14.36-97.8x	112.14+109.9x	2.23+0.5x	1.73+0.7x	1.06-0.1x	1.15+0.5x	0.68+0.5x	0.220.0x	0.21-0.6x	0.83	N/A
Asset Turnover	0.57+0.1x	0.430.0x	0.39+0.1x	0.29+0.2x	0.070.0x	0.09-0.1x	0.180.0x	0.130.0x	0.090.0x	0.100.0x	0.080.0x	0.04	N/A
FCF Margin	-13.5%-2.1pp	-11.4%-21.9pp	10.5%+33.8pp	-23.3%+30.2pp	-53.4%+14.3pp	-67.7%-36.6pp	-31.1%-3.0pp	-28.1%-2.4pp	-25.7%-7.9pp	-17.8%+35.3pp	-53.1%	-139.8%	61.0%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	33.3%-12.1pp	36.9%-13.6pp	44.3%-4.0pp	45.6%-7.3pp	45.4%-8.2pp	50.5%-5.8pp	48.3%-8.4pp	52.9%-7.0pp
Net Margin	13.1%-11.3pp	16.6%-3.8pp	17.5%-3.1pp	17.6%-0.9pp	24.5%+74.0pp	20.4%+8.3pp	20.5%-17.3pp	18.6%+4.4pp
Return on Equity	31.0%-69.3pp	31.9%-329.4pp	34.6%-91.3pp	46.6%-26.3pp	100.3%+416.3pp	361.4%+339.0pp	125.9%+58.4pp	73.0%+29.5pp
Return on Assets	2.8%-1.2pp	3.0%+0.6pp	2.6%+0.1pp	2.8%+0.5pp	4.0%+10.4pp	2.4%+1.1pp	2.5%-1.4pp	2.3%+0.7pp
Current Ratio	5.28+0.3x	5.24+1.3x	5.28+1.8x	5.84	5.01	3.95	3.53-0.2x	N/A
Debt-to-Equity	8.55-12.3x	7.99-120.6x	10.32-32.0x	13.65-13.5x	20.88-23.4x	128.56+113.3x	42.28+27.9x	27.15+3.2x
Asset Turnover	0.210.0x	0.18+0.1x	0.150.0x	0.160.0x	0.160.0x	0.120.0x	0.120.0x	0.120.0x
FCF Margin	-12.9%+4.5pp	-20.1%-14.1pp	-28.6%-19.0pp	-0.3%-9.1pp	-17.3%+25.1pp	-6.0%-5.5pp	-9.6%-12.8pp	8.8%-7.7pp

Not reported in any period shown, so not listed: Operating Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
FTAI Aviation Ltd. FTAI	FY2025	$2.5B	$501.1M	20.0%	$18.4B	34/100
Aercap Holdings N.V. AER	FY2025	$8.5B	$3.8B	44.0%	$23.0B	14/100
U-Haul Holding Company UHAL	FY2026	$6.0B	$83.1M	1.4%	$11.8B	22/100
United Rentals, Inc. URI	FY2025	$16.1B	$2.5B	15.5%	$67.3B	52/100
Air Lease Corporation AL	FY2025	$3.0B	$1.1B	36.1%	$7.3B	30/100
GATX Corporation GATX	FY2025	$1.7B	$333.3M	19.1%	$6.0B	14/100

Where FTAI Aviation Ltd. Ranks

Frequently Asked Questions

What is FTAI Aviation Ltd.'s annual revenue?

FTAI Aviation Ltd. (FTAI) reported $2.5B in total revenue for fiscal year 2025. This represents a 44.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is FTAI Aviation Ltd.'s revenue growing?

FTAI Aviation Ltd. (FTAI) revenue grew by 44.5% year-over-year, from $1.7B to $2.5B in fiscal year 2025.

Is FTAI Aviation Ltd. profitable?

Yes, FTAI Aviation Ltd. (FTAI) reported a net income of $501.1M in fiscal year 2025, with a net profit margin of 20.0%.

How much debt does FTAI Aviation Ltd. have?

As of fiscal year 2025, FTAI Aviation Ltd. (FTAI) had $300.5M in cash and equivalents against $3.4B in long-term debt.

What is FTAI Aviation Ltd.'s gross margin?

FTAI Aviation Ltd. (FTAI) had a gross margin of 46.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is FTAI Aviation Ltd.'s net profit margin?

FTAI Aviation Ltd. (FTAI) had a net profit margin of 20.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does FTAI Aviation Ltd. pay dividends?

Yes, FTAI Aviation Ltd. (FTAI) paid $1.35 per share in dividends during fiscal year 2025.

What is FTAI Aviation Ltd.'s return on equity (ROE)?

FTAI Aviation Ltd. (FTAI) has a return on equity of 149.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is FTAI Aviation Ltd.'s free cash flow?

FTAI Aviation Ltd. (FTAI) recorded an outflow of $338.5M in free cash flow during fiscal year 2025. This represents a -71.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is FTAI Aviation Ltd.'s operating cash flow?

FTAI Aviation Ltd. (FTAI) recorded an outflow of $310.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are FTAI Aviation Ltd.'s total assets?

FTAI Aviation Ltd. (FTAI) had $4.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are FTAI Aviation Ltd.'s capital expenditures?

FTAI Aviation Ltd. (FTAI) invested $27.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does FTAI Aviation Ltd. have outstanding?

FTAI Aviation Ltd. (FTAI) had 103M shares outstanding as of fiscal year 2025.

What is FTAI Aviation Ltd.'s current ratio?

FTAI Aviation Ltd. (FTAI) had a current ratio of 5.28 as of fiscal year 2025, which is generally considered healthy.

What is FTAI Aviation Ltd.'s debt-to-equity ratio?

FTAI Aviation Ltd. (FTAI) had a debt-to-equity ratio of 10.32 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is FTAI Aviation Ltd.'s return on assets (ROA)?

FTAI Aviation Ltd. (FTAI) had a return on assets of 11.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is FTAI Aviation Ltd.'s P/E ratio?

FTAI Aviation Ltd. (FTAI) trades at 37.1x earnings, its market capitalization divided by net income of $496.3M net income, trailing 12 months to June 30, 2026. The market capitalization is $18.4B as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is FTAI Aviation Ltd.'s price-to-sales ratio?

FTAI Aviation Ltd. (FTAI) trades at 5.9x sales, its market capitalization divided by revenue of $3.1B revenue, trailing 12 months to June 30, 2026. The market capitalization is $18.4B as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

How does FTAI Aviation Ltd.'s liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, FTAI Aviation Ltd. (FTAI) held $300.5M in cash, cash equivalents and investments, and reported an operating cash outflow of $310.7M over that year. Dividing the one by the other, the reported balance equals about 12 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

What is FTAI Aviation Ltd.'s Piotroski F-Score?

FTAI Aviation Ltd. (FTAI) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are FTAI Aviation Ltd.'s earnings high quality?

For every $1 of reported earnings, FTAI Aviation Ltd. (FTAI) used $0.62 of operating cash (-$310.7M OCF vs $501.1M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is FTAI Aviation Ltd.?

FTAI Aviation Ltd. (FTAI) scores 34 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.