FTAI
FTAI Aviation Ltd.
FTAI's fundamentals are mixed: revenue grew 46%, but its operating margin fell 8 points to 22%. At 37x earnings, it's trading right at its usual valuation. Analysts expect strong earnings growth.
FTAI Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Weak | |
| Under pressure |
FTAI's revenue and profitability are currently healthy, but its cash flow and balance sheet are under pressure.
FTAI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.5x | $36.74 | -80% |
| Forward | 17x | $183 | — |
| Current | 37x | $183 | — |
| Fair | 38x | $188 | +2.5% |
| Expensive | 52x | $255 | +39% |
Historical ranges are pointers, not guarantees.
FTAI's PE is in its fair range at 37x. If earnings grow as analysts expect, today's price would be 17x next year's earnings, in its cheap range.
FTAI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for FTAI, with profitability holding steady.
FTAI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $10.79 | +120% |
| Q3 2026 | $4.91 | +11% |
| Q2 2026 | $4.58 | +13% |
| Q1 2026 | $5.02 | +1992% |
| Q4 2025 | $4.60 | +$4.92 |
| Q3 2025 | $4.41 | +$4.50 |
| Q2 2025 | $4.07 | +$4.59 |
| Q1 2025 | $0.24 | -89% |
| Q4 2024 | -$0.32 | -115% |
FTAI earned $4.91 per share over the past year, up 11% from the year before.
FTAI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $977.7M | +47% |
| Q2 2026 | $953.1M | +41% |
| Q1 2026 | $830.7M | +65% |
| Q4 2025 | $662M | +33% |
| Q3 2025 | $667.1M | +43% |
| Q2 2025 | $676.2M | +52% |
| Q1 2025 | $502.1M | +54% |
| Q4 2024 | $498.8M | +60% |
FTAI's revenue has grown year over year for 22 quarters in a row: $978M last quarter, up 47% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 22% | -7.7 points |
| Q2 2026 | 20% | -11 points |
| Q1 2026 | 21% | -9.6 points |
| Q4 2025 | 27% | -4.7 points |
| Q3 2025 | 30% | -1.9 points |
| Q2 2025 | 31% | +80 points |
| Q1 2025 | 30% | +16 points |
| Q4 2024 | 32% | +18 points |
FTAI's operating margin was 22% last quarter, down 7.7 points from the same quarter a year ago.
FTAI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$110.1M | -$108.3M |
| Q2 2026 | -$122.6M | -$5.4M |
| Q1 2026 | -$166.7M | -$136.6M |
| Q4 2025 | -$189.3M | -$141.2M |
| Q3 2025 | -$1.8M | -104% |
| Q2 2025 | -$117.2M | +$71.2M |
| Q1 2025 | -$30.1M | -$28.5M |
| Q4 2024 | -$48.1M | -582% |
FTAI has burned cash in most quarters: −$589M over the past year, against −$197M the year before.
FTAI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +62.3K shares |
| 1 year | +0.1% | +140K shares |
| 3 years | +3.6% | +3.6M shares |
| 5 years | +21% | +18.1M shares |
| Available history | +21% | +18M shares |
FTAI has 104M diluted shares, about the same as a year ago.
FTAI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.2x | Elevated |
| Q2 2026 | 3.3x | Elevated |
| Q1 2026 | 3.1x | Elevated |
| Q4 2025 | 3.3x | Elevated |
| Q3 2025 | 3.1x | Elevated |
| Q2 2025 | 3.5x | Elevated |
| Q1 2025 | 7.5x | High |
| Q4 2024 | 9.4x | High |
FTAI's net debt is about 3.2 years of its operating earnings (EBITDA), about the same as a year ago.
FTAI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.6 | Neutral |
| Stochastic | 42.0 | Neutral |
FTAI's weekly RSI is 45 (neutral) and its Stochastic is 42 (neutral).
FTAI PE vs Industrials Sector
| Metric | FTAI | Sector median | Relative |
|---|---|---|---|
| PE | 37x | 24x | 55% above |
| PE % | 46 | 58 | 12 pts below |
FTAI is trading at 37x earnings, a 55% premium to the Industrials sector's median of 24x.
FTAI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $172.7 | 5.9% above |
| 20 week MA | $194.9 | 6.2% below |
| 50 week MA | $224.9 | 19% below |
| 100 week MA | $178.4 | 2.5% above |
| 200 week MA | $121.9 | 50% above |
FTAI's trend is mixed: it's above three of its five weekly moving averages, and 50% above its 200-week average.
FTAI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $16.9 | $19.8 | +17% |
| 2021 | $19.8 | $24.7 | +25% |
| 2022 | $24.7 | $17.4 | -30% |
| 2023 | $17.4 | $46.4 | +167% |
| 2024 | $46.4 | $127.1 | +174% |
| 2025 | $127.1 | $174.2 | +37% |
| 2026 YTD | $174.2 | $182.9 | +5% |
FTAI has finished higher in five of the last six years, two of them by more than 50%. It's up 5% so far in 2026.