FTAI Aviation Ltd. (FTAI)
NASDAQ:FTAI
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FTAI Aviation
(NASDAQ:FTAI)
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Rating:60Neutral
Price Target:
$240.00
▼(-4.54% Downside)
Action:ReiteratedDate: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
Strong revenue and margin recovery
FTAI’s revenue and margins have materially recovered, reflecting scalable operations across leasing and aerospace products. Durable higher margins and revenue scale improve operating leverage, supporting sustainable profitability and capacity to reinvest in production and aftermarket capabilities over the next 2–6 months.
Negative Factors
Persistently weak cash generation
Despite strong reported EBITDA, the company has struggled to convert earnings into positive operating and free cash flow. Continued negative cash conversion increases dependence on financing and asset sales, raising execution and refinancing risk if market access tightens over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue and margin recovery
FTAI’s revenue and margins have materially recovered, reflecting scalable operations across leasing and aerospace products. Durable higher margins and revenue scale improve operating leverage, supporting sustainable profitability and capacity to reinvest in production and aftermarket capabilities over the next 2–6 months.
Read all positive factors
FTAI Aviation (FTAI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$25.79B
Dividend Yield0.73%
Average Volume (3M)1.68M
Price to Earnings (P/E)40.3
Beta (1Y)1.05
Revenue Growth50.37%
EPS GrowthN/A
CountryUS
Employees580
SectorIndustrials
Sector Strength72
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)1.08
Shares Outstanding102,573,280
10 Day Avg. Volume987,625
30 Day Avg. Volume1,678,984
Financial Highlights & Ratios
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 Cap1.12
Enterprise Value/Revenue11.52
Enterprise Value/Gross Profit37.21
Enterprise Value/Ebitda26.66
Forecast
1Y Price Target
$338.29Price Target Upside34.55% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)7.43
Revenue Forecast (FY)$3.22B
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 mana...
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 engi...
FTAI Aviation Key Performance Indicators (KPIs)
FTAI Aviation Earnings Call Summary
Earnings Call Date:Feb 25, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 29, 2026
Earnings Call Sentiment Positive
The call communicated strong operational and financial momentum: robust adjusted EBITDA growth (company and Aerospace Products), successful SCI fundraising and asset deployment, production outperformance and capacity expansion, credit upgrades, and the strategic launch of FTAI Power. Near-term drag stems from meaningful upfront investments (SCI II, Power inventory and working capital), some timing-related Q4 execution effects, negative corporate/start-up expenses, and remaining commercial and supply-chain risks for the Power business. On balance the positives (significant growth, margin expansion potential, and strategic positioning) materially outweigh the manageable near-term headwinds.Positive Updates
Record Company Adjusted EBITDA Growth
Total adjusted EBITDA of $1.2 billion in 2025, up 38% versus $862 million in 2024, driven by strong performance across Aerospace Products and Aviation Leasing.
Negative Updates
Near-Term Free Cash Flow and Investment Drag
2026 free cash flow outlook was lowered to approximately $915 million (from a prior $1.0 billion target). The reduction reflects $85 million of increased SCI investments and $100 million of additional Power working capital, plus other growth investments, reducing near-term distributable cash despite increased EBITDA guidance.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Company Adjusted EBITDA Growth
Total adjusted EBITDA of $1.2 billion in 2025, up 38% versus $862 million in 2024, driven by strong performance across Aerospace Products and Aviation Leasing.
Read all positive updates
Company Guidance
Management updated 2026 guidance and key targets: total business segment adjusted EBITDA is now $1.625 billion (up from $1.525B), split as $1.05 billion for Aerospace Products (up from $1.0B) and $575 million for Aviation Leasing (up from $525M); Aerospace module production target was raised to 1,050 modules for 2026 (a 39% increase vs. 2025), first FTAI Power Mod‑1 deliveries are expected in Q4 2026 with a 2027 production target of 100 units, and Power requires ~ $250M working capital ( ~$150M of inventory added in Q4 2025, ~$100M remaining). They expect ~ $915M of free cash flow in 2026 after growth investments (versus an original $1.0B target and a pre‑growth projection of $1.2B), reflecting additional EBITDA of $100M (split between Aerospace and Leasing) and accelerated SCI and Power investments; SCI I deployment is largely complete (130 aircraft closed in 2025; 276 aircraft under LOI representing $5.3B of a $6.0B target; SCI I had $2.0B equity commitments and a 19% FTAI co‑investment) and SCI II has an anchor commitment with investing planned by June 30. Relevant 2025 metrics reiterated on the call: adjusted EBITDA of $1.2B (+38% YoY), Q4 adjusted EBITDA $277.2M (Aerospace $195M at a 35% margin, Leasing $113.2M, Corporate/Other −$31M), full‑year Aerospace EBITDA $671M (in line with $650–700M guidance), Leasing $609M (incl. $54M Russian recoveries), net leverage ~2.6x (target 2.5–3x), and the quarterly dividend was increased from $0.35 to $0.40 per share.FTAI Aviation Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
46
Neutral
Cash Flow
28
Negative
| 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
Positive
251.42
Price Trends
263.89
Negative
233.40
Positive
191.46
Positive
Market Momentum
-2.71
Negative
50.19
Neutral
59.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FTAI, the sentiment is Positive. The current price of 251.42 is above the 20-day moving average (MA) of 242.02, below the 50-day MA of 263.89, and above the 200-day MA of 191.46, indicating a neutral trend. The MACD of -2.71 indicates Negative momentum. The RSI at 50.19 is Neutral, neither overbought nor oversold. The STOCH value of 59.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FTAI.
FTAI Aviation Risk Analysis
FTAI Aviation disclosed 51 risk factors in its most recent earnings report. FTAI Aviation reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
FTAI Aviation Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $7.28B | 9.92 | 13.23% | 1.37% | 9.67% | 96.43% | |
68 Neutral | $24.29B | 6.60 | 20.95% | 0.74% | 2.90% | 67.73% | |
64 Neutral | $1.38B | 8.05 | 16.94% | 0.82% | 27.90% | 19.25% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $6.88B | 18.22 | 12.47% | 1.41% | 10.66% | 13.61% | |
61 Neutral | $8.63B | 16.03 | 16.36% | 1.75% | 1.68% | 9.91% | |
60 Neutral | $25.79B | 40.29 | 256.98% | 0.73% | 50.37% | ― |
* Industrials Sector Average
FTAI
FTAI Aviation
251.42
153.19
155.96%
AER
Aercap Holdings
145.53
50.68
53.44%
AL
Air Lease
65.00
23.01
54.79%
GATX
GATX
193.57
47.29
32.33%
R
Ryder System
218.97
80.85
58.54%
WLFC
Willis Lease Finance
202.98
64.10
46.16%
FTAI Aviation Corporate Events
Business Operations and StrategyExecutive/Board Changes
FTAI Aviation Elevates Internal Leaders to Finance Roles
Positive
Mar 6, 2026
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 (...
Business Operations and StrategyExecutive/Board Changes
FTAI Aviation Announces Leadership Transition With New President
Positive
Feb 12, 2026
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...
Business Operations and StrategyExecutive/Board Changes
FTAI Aviation Launches Strategic Capital Profit Participation Plan
Positive
Jan 28, 2026
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 p...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.