FTAI Aviation (FTAI) AI Stock Analysis

• Market Cap: $24.27B
• Dividend Yield: 0.73%
• Average Volume (3M): 1.75M
• Price to Earnings (P/E): 40.3
• Beta (1Y): 1.13
• Revenue Growth: 50.37%
• EPS Growth: N/A
• Country: US
• Employees: 580
• Sector: Industrials
• Sector Strength: 72
• Industry: Rental & Leasing Services
• EPS (TTM): 1.08
• Shares Outstanding: 102,573,280
• 10 Day Avg. Volume: 1,795,614
• 30 Day Avg. Volume: 1,749,352
• PEG Ratio: -0.03
• Price to Book (P/B): 60.42
• Price to Sales (P/S): 8.05
• P/FCF Ratio: -18.99
• Enterprise Value/Market Cap: 1.15
• Enterprise Value/Revenue: 11.09
• Enterprise Value/Gross Profit: 35.80
• Enterprise Value/Ebitda: 25.65
• 1Y Price Target: $334.43
• Price Target Upside: 50.48% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): 7.4
• Revenue Forecast (FY): $3.30B

• Rating: 60 Neutral
• Price Target: $233.00 ▲(4.84% Upside)
• Action: Reiterated Date: 03/06/26
• Date: Action: Reiterated 03/06/26

The score is held back primarily by weak cash generation and historical balance-sheet volatility despite strong revenue/profitability momentum. Positive 2026 guidance and operational execution signals from the earnings call support the score, while technicals are mixed and valuation appears elevated.

Positive Factors

Revenue and Margin Recovery

Sustained multi-year revenue growth and materially improved margins reflect durable operating leverage and better unit economics across leasing and aftermarket sales. A stronger income statement increases capacity to fund investments, supports recurring profitability, and underpins long-term earnings resilience even amid cyclical demand.

Aerospace Products Scale and Production Ramp

A clear capacity ramp in module refurbishment signals structural growth in the aftermarket business tied to the large CFM56 installed base. Higher throughput amplifies margin sustainability through fixed-cost absorption, creates recurring parts/service revenues, and strengthens competitive positioning in a constrained supplier market.

Strategic Capital Initiative (SCI) Fundraising & Deployment

Successful third-party fundraising and rapid deployment validate an asset-management platform that can generate fee income and co-investment returns. This diversifies revenue away from pure leasing, leverages scale for sourcing advantage, and creates a capital-efficient growth channel that can persistently augment cash generation.

Negative Factors

Weak Cash Generation

Persistent negative operating and free cash flow increases reliance on external financing, asset sales, or capital raises to fund operations and growth. This structural cash deficit raises refinancing and execution risk if capital markets tighten and constrains the company's ability to self-fund expansion or sustain distributions.

Historically Volatile Leverage and Balance Sheet Risk

A history of extreme leverage swings and a thin equity base make capital structure outcomes sensitive to earnings and one-offs. Rapid year-to-year adjustments undermine confidence in stability and increase the likelihood the company will need to access markets or restructure assets under adverse conditions, elevating long-term financial risk.

Commercial & Execution Risk for FTAI Power

FTAI Power is a strategic diversification but remains unproven commercially and requires ~ $250M working capital. Absence of disclosed firm orders and a steep production ramp create structural demand and execution risk; delays or weak take-up would strain liquidity and postpone expected margin contribution.

FTAI Aviation Business Overview & Revenue Model

Company Description

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers. As of December 31, 2023, this segment owned and managed 363 aviation assets consisting of 96 commercial aircraft and 267 engines, including eight aircraft and seventeen engines that were located in Russia. The Aerospace Products segment develops, manufactures, repairs, and sells aircraft engines and aftermarket components for aircraft engines. The company was founded in 2011 and is headquartered in New York, New York.

How the Company Makes Money

FTAI primarily makes money through (1) leasing income and related revenues from aviation assets and (2) sales and services tied to its aerospace products business. On the leasing side, the company acquires aircraft and, increasingly, aircraft engines, then contracts them to airline and industry customers under lease agreements; revenue is recognized as recurring lease rentals over the lease term, with additional potential income from maintenance reserves/usage-based billings and other lease-related receipts when applicable. The economics are supported by the spread between lease cash flows and the company’s funding and ownership costs, and by residual value outcomes when assets are sold, parted-out, or re-leased at attractive rates. On the aerospace products/services side, FTAI generates revenue by supplying CFM56 engine modules, used serviceable material (USM), and related component/engine support solutions to customers involved in maintaining and operating CFM56-powered fleets. This revenue stream is more transactional than leasing and can include module/part sales and service-related revenue associated with the sourcing, repair/overhaul coordination, and provisioning of engine material. A key driver of earnings is the ability to source engines/parts efficiently, monetize them through module or material sales, and manage repair and turnaround economics within the CFM56 aftermarket. Significant partnerships or customer-specific arrangements: null.

FTAI Aviation Financial Statement Overview

Summary

Income statement is strong (rapid revenue growth and solid 2025 margins), but quality is constrained by persistently negative operating/free cash flow and a historically high/volatile leverage profile (even with apparent 2025 improvement).

Income Statement

The income statement shows a strong growth and profitability profile, with revenue rising from about $0.72B (2022) to $2.51B (2025) and profitability rebounding sharply from losses in 2021–2022 to solid earnings in 2023 and especially 2025. 2025 margins are notably strong (about 31% gross margin and ~20% net margin), indicating good operating leverage. The main weakness is volatility—2024 profitability was nearly breakeven despite higher revenue, and prior years included sizable losses, which suggests results can swing meaningfully year-to-year.

Balance Sheet

Balance sheet risk has been elevated historically, with very high leverage in 2022–2024 (debt-to-equity spiking to extremely high levels as equity shrank). While 2025 shows a much improved leverage picture (reported total debt at 0 and debt-to-equity at 0), the sharp shift versus prior years reduces confidence in stability and points to a capital structure that has been changing materially. Profitability on equity has been strong in the best years, but the equity base has been comparatively thin in several periods, making returns and leverage metrics more sensitive.

Cash Flow

Cash generation is the key weak spot. Operating cash flow is negative in most recent periods (including 2024 and 2025), and free cash flow is consistently negative across the full history provided, with a steep deterioration again in 2024–2025. While earnings improved in 2025, cash flow did not follow, which increases reliance on financing/asset sales and raises execution risk if capital markets tighten.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.51B	1.75B	1.19B	722.32M	335.58M
Gross Profit	779.35M	577.88M	395.31M	222.72M	126.80M
EBITDA	1.08B	469.55M	530.66M	230.71M	263.02M
Net Income	501.06M	8.68M	243.82M	-193.21M	-104.23M
Balance Sheet
Total Assets	4.37B	4.04B	2.97B	2.45B	4.88B
Cash, Cash Equivalents and Short-Term Investments	300.48M	115.12M	90.91M	53.06M	138.21M
Total Debt	3.45B	3.44B	2.52B	2.18B	2.50B
Total Liabilities	4.04B	3.96B	2.80B	2.43B	3.76B
Stockholders Equity	334.17M	81.37M	175.35M	18.88M	1.12B
Cash Flow
Free Cash Flow	-1.06B	-1.34B	-647.91M	-834.31M	-789.67M
Operating Cash Flow	-310.75M	-187.96M	128.98M	-20.66M	-22.04M
Investing Cash Flow	723.31M	-469.50M	-373.35M	-411.25M	-1.29B
Financing Cash Flow	-227.21M	681.81M	282.21M	44.91M	1.59B

FTAI Aviation Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 222.24
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FTAI, the sentiment is Neutral. The current price of 222.24 is below the 20-day moving average (MA) of 275.01, below the 50-day MA of 270.45, and above the 200-day MA of 181.28, indicating a neutral trend. The MACD of -9.12 indicates Positive momentum. The RSI at 37.96 is Neutral, neither overbought nor oversold. The STOCH value of 15.14 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FTAI.

FTAI Aviation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AER	68 Neutral	$22.93B	6.60	20.95%	0.74%	2.90%	67.73%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
AL	63 Neutral	$7.25B	9.92	13.23%	1.37%	9.67%	96.43%
WLFC	63 Neutral	$1.14B	8.05	16.94%	0.82%	27.90%	19.25%
GATX	61 Neutral	$5.94B	18.22	12.47%	1.41%	10.66%	13.61%
R	61 Neutral	$7.61B	16.03	16.36%	1.75%	1.68%	9.91%
FTAI	60 Neutral	$24.27B	40.29	256.98%	0.73%	50.37%	―

FTAI Aviation Corporate Events

FTAI Aviation Elevates Internal Leaders to Finance Roles

On March 5, 2026, FTAI Aviation’s board appointed longtime finance executives Nicholas McAleese as chief financial officer and Michael Hazan as chief accounting officer, effective March 6, 2026, following the resignation of CFO and CAO Eun (Angela) Nam. McAleese, previously senior vice president of financial planning and analysis, and Hazan, formerly senior vice president and controller, received increased base salaries and multi-year restricted stock grants, signaling the board’s confidence in internal successors.

Nam, who had spent twelve years at FTAI, notified the board on March 3, 2026, that she would depart to join another public company outside aviation, and she is staying on in an advisory role to ensure a smooth handover. FTAI emphasized that her exit was unrelated to any financial or accounting issues, and that the new appointees have no conflicts of interest or related-party ties, underscoring the company’s efforts to maintain governance stability and continuity in its finance function.

The most recent analyst rating on (FTAI) stock is a Buy with a $335.00 price target. To see the full list of analyst forecasts on FTAI Aviation stock, see the FTAI Stock Forecast page.

FTAI Aviation Announces Leadership Transition With New President

FTAI Aviation’s board appointed David Moreno as president and Stacy Kuperus as principal operating officer, effective February 12, 2026, formalizing a leadership transition rooted in their prior senior roles. Moreno, formerly chief operating officer and a longtime aviation investor at Fortress Investment Group, and Kuperus, formerly chief portfolio officer with extensive experience building FTAI’s operational framework, were both elevated without any special appointment arrangements or family ties to existing leadership, underscoring a merit-based succession approach that maintains continuity in the company’s growth and portfolio strategy.

The company also disclosed that directors and executives may invest personal capital in its Strategic Capital Initiative without management or performance fees, and that Moreno contributed $2 million in 2025, highlighting aligned financial incentives between management and shareholders while reinforcing confidence in FTAI’s investment platform.

The most recent analyst rating on (FTAI) stock is a Buy with a $350.00 price target. To see the full list of analyst forecasts on FTAI Aviation stock, see the FTAI Stock Forecast page.

FTAI Aviation Launches Strategic Capital Profit Participation Plan

On January 22, 2026, FTAI Aviation Ltd. adopted the FTAI Aviation Strategic Capital Profit Participation Plan, a carried interest-based incentive program that grants eligible employees, including executive officers, rights to a portion of profit participation distributions generated from investments made by partnerships within its Strategic Capital Initiative. The plan is structured so that award value is tied solely to the performance of the company’s asset management business, with profits determined on a partnership-by-partnership basis, and features a four-year ratable vesting schedule with acceleration on qualifying terminations or under certain change-in-control circumstances; by more closely aligning compensation with fund performance and embedding multi-year vesting and payout mechanics, the company aims to foster an ownership mindset, strengthen long-term value creation, and enhance its ability to attract and retain key talent in a competitive market.

The most recent analyst rating on (FTAI) stock is a Buy with a $322.00 price target. To see the full list of analyst forecasts on FTAI Aviation stock, see the FTAI Stock Forecast page.