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

FTAI Aviation Ltd (FTAIN) 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 Financials

FTAIN

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows FTAI Aviation Ltd (FTAIN) financial statements, including the 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).

Financial Health Signals

Financial Profile 60/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

100

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 100/100.

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 0/100, reflecting increased financial risk.

Liquidity

100

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 100/100.

Cash Flow

While FTAI Aviation Ltd generated -$310.7M in operating cash flow, capex of $27.7M consumed most of it, leaving -$338.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

100

FTAI Aviation Ltd earns a strong 149.9% return on equity (ROE), meaning it generates $150 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 10.7% the prior year.

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 Low Quality

-0.62x

For every $1 of reported earnings, FTAI Aviation Ltd generates $-0.62 in operating cash flow (-$310.7M OCF vs $501.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.5B

YoY+44.5%

5Y CAGR+53.1%

10Y CAGR+33.8%

FTAI Aviation Ltd generated $2.5B in revenue in fiscal year 2025. This represents an increase of 44.5% from the prior year.

EBITDA

N/A

Net Income

$501.1M

YoY+5671.3%

FTAI Aviation Ltd reported $501.1M in net income in fiscal year 2025. This represents an increase of 5671.3% from the prior year.

EPS (Diluted)

$4.60

YoY+1537.5%

FTAI Aviation Ltd earned $4.60 per diluted share (EPS) in fiscal year 2025. This represents an increase of 1537.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$338.5M

YoY-71.7%

FTAI Aviation Ltd generated -$338.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 71.7% from the prior year.

Cash & Debt

$300.5M

YoY+161.0%

5Y CAGR+19.8%

10Y CAGR-2.4%

FTAI Aviation Ltd held $300.5M in cash against $3.4B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.35

YoY+12.5%

5Y CAGR+0.5%

10Y CAGR+10.9%

FTAI Aviation Ltd paid $1.35 per share in dividends in fiscal year 2025. This represents an increase of 12.5% from the prior year.

Shares Outstanding

103M

YoY+0.0%

5Y CAGR+3.7%

10Y CAGR+3.1%

FTAI Aviation Ltd had 103M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

46.2%

YoY-6.2pp

5Y CAGR-53.8pp

FTAI Aviation Ltd's gross margin was 46.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 6.2 percentage points from the prior year.

Operating Margin

N/A

Net Margin

20.0%

YoY+19.5pp

5Y CAGR+55.2pp

10Y CAGR+28.6pp

FTAI Aviation Ltd's net profit margin was 20.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 19.5 percentage points from the prior year.

Return on Equity

149.9%

YoY+139.3pp

5Y CAGR+159.5pp

10Y CAGR+150.9pp

FTAI Aviation Ltd's ROE was 149.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 139.3 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$27.7M

YoY+200.6%

5Y CAGR-36.3%

10Y CAGR-11.7%

FTAI Aviation Ltd invested $27.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 200.6% from the prior year.

FTAIN Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$2.5B+44.5%	$1.7B+48.2%	$1.2B+65.3%	$708.4M+111.1%	$335.6M+12.6%	$297.9M
Cost of Revenue	$1.3B+63.4%	$825.9M+64.5%	$502.1M+102.2%	$248.4M+1636.0%	$14.3M	$0
Gross Profit	$1.2B+27.4%	$909.0M+35.9%	$668.8M+45.4%	$460.0M+43.2%	$321.3M+7.8%	$297.9M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$9.5M-33.5%	$14.3M+4.1%	$13.7M-3.3%	$14.2M+5.3%	$13.4M-4.7%	$14.1M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$247.8M+11.7%	$221.7M+37.2%	$161.6M-4.5%	$169.2M+9.1%	$155.0M+77.3%	$87.4M
Income Tax	$105.6M+1824.9%	$5.5M+109.2%	-$59.8M-1228.3%	$5.3M+69.5%	$3.1M+172.0%	-$4.3M
Net Income	$501.1M+5671.3%	$8.7M-96.4%	$243.8M+215.0%	-$212.0M-62.2%	-$130.7M-24.4%	-$105.0M
EPS (Diluted)	$4.60+1537.5%	$-0.32-115.2%	$2.11+251.8%	$-1.39-85.3%	$-0.75-13.6%	$-0.66

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$662.0M-0.8%	$667.1M-1.4%	$676.2M+34.7%	$502.1M+0.7%	$498.8M+7.1%	$465.8M+5.0%	$443.6M+35.8%	$326.7M
Cost of Revenue	$368.8M+1.6%	$362.9M-1.7%	$369.3M+48.5%	$248.7M-3.5%	$257.7M+17.4%	$219.5M+6.6%	$205.9M+44.2%	$142.8M
Gross Profit	$293.2M-3.6%	$304.1M-0.9%	$307.0M+21.2%	$253.4M+5.1%	$241.1M-2.1%	$246.3M+3.6%	$237.7M+29.3%	$183.9M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$2.1M+14.3%	$1.8M-25.1%	$2.4M-21.6%	$3.1M-12.6%	$3.6M-11.8%	$4.0M+36.2%	$3.0M-19.4%	$3.7M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$61.0M+0.3%	$60.8M-5.0%	$64.0M+3.1%	$62.0M+1.9%	$60.9M+5.1%	$57.9M+5.0%	$55.2M+15.7%	$47.7M
Income Tax	$18.6M-29.5%	$26.3M-30.5%	$37.9M+65.7%	$22.9M+307.0%	$5.6M-23.4%	$7.3M+156.2%	-$13.0M-333.9%	$5.6M
Net Income	$115.6M-1.8%	$117.7M-28.8%	$165.4M+61.5%	$102.4M-0.1%	$102.4M+18.5%	$86.5M+139.3%	-$219.9M-654.9%	$39.6M
EPS (Diluted)	N/A	$1.10-29.9%	$1.57+80.5%	$0.87	N/A	$0.76+133.6%	$-2.26-829.0%	$0.31

FTAIN Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$4.4B+8.3%	$4.0B+36.2%	$3.0B+22.0%	$2.4B-50.0%	$4.9B+43.6%	$3.4B
Current Assets	$2.1B+72.3%	$1.2B+82.6%	$671.4M	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
Inventory	$1.2B+116.6%	$551.2M+74.1%	$316.6M+93.5%	$163.7M+63.2%	$100.3M	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
Goodwill	$94.2M+54.3%	$61.1M+1219.0%	$4.6M	$0-100.0%	$257.1M+109.5%	$122.7M
Total Liabilities	$4.0B+2.1%	$4.0B+41.9%	$2.8B+15.7%	$2.4B-35.6%	$3.7B+63.4%	$2.3B
Current Liabilities	$399.9M+15.2%	$347.2M+91.0%	$181.8M	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
Total Equity	$334.2M+310.7%	$81.4M-53.6%	$175.3M+803.8%	$19.4M-98.3%	$1.1B+2.3%	$1.1B
Retained Earnings	$282.5M+486.5%	-$73.1M+10.6%	-$81.8M+74.9%	-$325.6M-145.9%	-$132.4M-370.2%	-$28.2M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$4.4B+3.1%	$4.2B+3.4%	$4.1B-3.9%	$4.3B+5.7%	$4.0B+8.0%	$3.7B+8.4%	$3.4B+8.6%	$3.2B
Current Assets	$2.1B+3.8%	$2.0B+15.7%	$1.8B-5.9%	$1.9B+52.5%	$1.2B	N/A	N/A	N/A
Cash & Equivalents	$300.5M-41.1%	$509.9M+68.9%	$301.9M+169.2%	$112.1M-2.6%	$115.1M+2.9%	$111.9M-34.0%	$169.5M+159.9%	$65.2M
Inventory	$1.2B+33.1%	$897.2M+19.2%	$752.9M+16.7%	$645.2M+17.1%	$551.2M+12.3%	$491.0M+31.5%	$373.3M+8.1%	$345.5M
Accounts Receivable	$209.9M-2.3%	$214.9M-10.3%	$239.5M+7.2%	$223.5M+48.2%	$150.8M-9.3%	$166.3M+8.0%	$154.1M+12.1%	$137.4M
Goodwill	$94.2M+13.5%	$83.0M+9.8%	$75.6M+23.8%	$61.1M0.0%	$61.1M+93.7%	$31.5M+581.1%	$4.6M0.0%	$4.6M
Total Liabilities	$4.0B+1.3%	$4.0B+1.3%	$3.9B-7.2%	$4.2B+7.2%	$4.0B+9.3%	$3.6B+7.1%	$3.4B+12.7%	$3.0B
Current Liabilities	$399.9M+14.8%	$348.2M-0.8%	$350.9M-25.9%	$473.8M+36.4%	$347.2M	N/A	N/A	N/A
Long-Term Debt	$3.4B+0.1%	$3.4B+0.1%	$3.4B-5.4%	$3.6B+5.9%	$3.4B+6.9%	$3.2B+4.6%	$3.1B+14.2%	$2.7B
Total Equity	$334.2M+32.4%	$252.5M+53.1%	$164.9M+482.2%	$28.3M-65.2%	$81.4M-31.4%	$118.5M+70.4%	$69.6M-60.7%	$177.1M
Retained Earnings	$282.5M+1.7%	$277.9M+42.8%	$194.7M+564.8%	$29.3M+140.1%	-$73.1M+58.4%	-$175.6M+33.0%	-$262.0M-521.5%	-$42.2M

FTAIN Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$310.7M-65.3%	-$188.0M-245.7%	$129.0M+724.4%	-$20.7M+6.3%	-$22.0M-134.9%	$63.1M
Capital Expenditures	$27.7M+200.6%	$9.2M+50.0%	$6.1M-95.7%	$144.2M-8.3%	$157.3M-40.6%	$264.8M
Free Cash Flow	-$338.5M-71.7%	-$197.2M-260.5%	$122.8M+174.5%	-$164.9M+8.1%	-$179.4M+11.1%	-$201.7M
Investing Cash Flow	$723.3M+254.1%	-$469.5M-25.8%	-$373.3M+9.2%	-$411.3M+68.0%	-$1.3B-152.8%	-$509.1M
Financing Cash Flow	-$227.2M-133.3%	$681.8M+141.6%	$282.2M+528.3%	$44.9M-97.2%	$1.6B+335.1%	$364.9M
Dividends Paid	$128.2M+5.5%	$121.6M+1.4%	$119.8M-6.7%	$128.5M+8.9%	$118.0M+3.9%	$113.6M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$179.1M-3977.8%	$4.6M+104.2%	-$110.3M-324.9%	-$26.0M+37.9%	-$41.8M-200.8%	$41.5M+122.1%	-$187.3M-54187.2%	-$345K
Capital Expenditures	$10.2M+58.7%	$6.4M-7.3%	$6.9M+66.7%	$4.2M-33.5%	$6.3M+1157.9%	$497K-57.1%	$1.2M-11.7%	$1.3M
Free Cash Flow	-$189.3M-10369.0%	-$1.8M+98.5%	-$117.2M-289.2%	-$30.1M+37.3%	-$48.1M-217.2%	$41.0M+121.7%	-$188.4M-11273.0%	-$1.7M
Investing Cash Flow	$646K-99.7%	$226.5M-56.8%	$523.8M+1995.9%	-$27.6M-3.2%	-$26.8M+88.0%	-$223.3M-345.2%	-$50.2M+70.4%	-$169.2M
Financing Cash Flow	-$31.0M-34.3%	-$23.1M+89.7%	-$223.7M-542.0%	$50.6M-29.5%	$71.8M-42.2%	$124.3M-63.6%	$341.7M+137.3%	$144.0M
Dividends Paid	$35.9M+16.7%	$30.8M0.0%	$30.8M0.0%	$30.8M0.0%	$30.8M+0.3%	$30.7M+2.0%	$30.1M0.0%	$30.1M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FTAIN Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	46.2%-6.2pp	52.4%-4.7pp	57.1%-7.8pp	64.9%-30.8pp	95.7%-4.3pp	100.0%
Operating Margin	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%
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%
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%
Current Ratio	5.28+1.8	3.53-0.2	3.69	N/A	N/A	N/A
Debt-to-Equity	10.32-32.0	42.28+27.9	14.36-97.8	112.14+109.9	2.23+0.5	1.73
FCF Margin	-13.5%-2.1pp	-11.4%-21.9pp	10.5%+33.8pp	-23.3%+30.2pp	-53.4%+14.3pp	-67.7%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	44.3%-1.3pp	45.6%+0.2pp	45.4%-5.1pp	50.5%+2.1pp	48.3%-4.6pp	52.9%-0.7pp	53.6%-2.7pp	56.3%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	17.5%-0.2pp	17.6%-6.8pp	24.5%+4.1pp	20.4%-0.2pp	20.5%+2.0pp	18.6%+68.1pp	-49.6%-61.7pp	12.1%
Return on Equity	34.6%-12.0pp	46.6%-53.6pp	100.3%-261.1pp	361.4%+235.5pp	125.9%+53.0pp	73.0%+389.0pp	-316.1%-338.4pp	22.4%
Return on Assets	2.6%-0.1pp	2.8%-1.3pp	4.0%+1.6pp	2.4%-0.1pp	2.5%+0.2pp	2.3%+8.7pp	-6.4%-7.6pp	1.3%
Current Ratio	5.28-0.6	5.84+0.8	5.01+1.1	3.95+0.4	3.53	N/A	N/A	N/A
Debt-to-Equity	10.32-3.3	13.65-7.2	20.88-107.7	128.56+86.3	42.28+15.1	27.15-17.1	44.24+29.0	15.21
FCF Margin	-28.6%-28.3pp	-0.3%+17.1pp	-17.3%-11.3pp	-6.0%+3.6pp	-9.6%-18.4pp	8.8%+51.3pp	-42.5%-42.0pp	-0.5%

Frequently Asked Questions

What is FTAI Aviation Ltd's annual revenue?

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

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

FTAI Aviation Ltd (FTAIN) 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 (FTAIN) generated -$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 (FTAIN) generated -$310.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are FTAI Aviation Ltd's total assets?

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

What is FTAI Aviation Ltd's current ratio?

FTAI Aviation Ltd (FTAIN) 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 (FTAIN) 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 (FTAIN) 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 cash runway?

Based on fiscal year 2025 data, FTAI Aviation Ltd (FTAIN) had $300.5M in cash against an annual operating cash burn of $310.7M. This gives an estimated cash runway of approximately 12 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

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

FTAI Aviation Ltd (FTAIN) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are FTAI Aviation Ltd's earnings high quality?

FTAI Aviation Ltd (FTAIN) has an earnings quality ratio of -0.62x, considered low quality (accrual-driven). 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 (FTAIN) scores 60 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.