FTAI
FTAI Aviation Ltd.
FTAI's outlook is improving, though it still trails on the overall score.
VRT
Vertiv Holdings Co
VRT has the edge over FTAI overall, supported by stronger fundamentals and stronger valuation.
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.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
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.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT has the edge over FTAI in the historical PE scenario, which offers more potential upside but is not a forecast.
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.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
VRT has the edge over FTAI on the outlook, with more favorable profitability expectations.
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.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT has the edge over FTAI on earnings, with more consistent year-over-year improvement.
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 has the edge over VRT on sales, with stronger typical year-over-year growth.
| 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.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT's revenue has grown year over year every quarter since late 2020: $4.3B last quarter, up 61% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT has the edge over FTAI on profitability, with a higher operating margin.
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.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT has the edge over FTAI on cash generation, producing positive trailing cash flow while its opponent burns cash.
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 the edge over VRT on shareholder dilution, with a more favorable share count trend.
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has 393M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
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.
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has the edge over FTAI on leverage, with a lower net debt burden relative to earnings.
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).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
FTAI PE vs Industrials Sector
| Metric | FTAI | Sector median | Relative |
|---|---|---|---|
| PE | 37x | 24x | 55% above |
| PE % | 46 | 58 | 12 pts below |
FTAI has the edge over VRT on valuation relative to its sector.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT is trading at 39x earnings, a 63% 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 has the edge over VRT on trend strength, trading above more of its moving averages.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 70% 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.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT has the edge over FTAI on returns for 2026, with the stronger performance.