FTAI Aviation (FTAI) AI Stock Analysis

• Market Cap: $31.37B
• Dividend Yield: 0.73%
• Average Volume (3M): 1.53M
• Price to Earnings (P/E): 66.5
• Beta (1Y): 0.99
• 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: 102,572,920
• 10 Day Avg. Volume: 1,153,914
• 30 Day Avg. Volume: 1,534,030
• PEG Ratio: -0.03
• Price to Book (P/B): 60.42
• Price to Sales (P/S): 8.05
• P/FCF Ratio: -64.97
• Enterprise Value/Market Cap: 0.99
• Enterprise Value/Revenue: 12.37
• Enterprise Value/Gross Profit: 39.94
• Enterprise Value/Ebitda: 28.62
• 1Y Price Target: $329.33
• Price Target Upside: 7.70% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): 7.01
• Revenue Forecast (FY): $3.25B

• Rating: 68 Neutral
• Price Target: $333.00 ▲(8.89% Upside)
• Action: Reiterated Date: 02/28/26
• Date: Action: Reiterated 02/28/26

FTAI scores well on momentum and constructive earnings-call guidance (higher 2026 EBITDA targets and operational progress), but the overall score is constrained by weak cash conversion (negative operating/free cash flow in recent periods) and an expensive valuation multiple, which together increase execution sensitivity.

Positive Factors

Revenue & profitability recovery

FTAI’s top-line scaled materially through 2025 with strong reported margins, reflecting operating leverage across leasing and Aerospace Products. Durable margin expansion and multi-year revenue growth increase the company's ability to fund capex, dividends and strategic investments.

Aerospace Products scale and margin expansion

Large and growing module throughput demonstrates durable aftermarket leadership and capacity scale. Higher production volumes improve fixed-cost absorption and sustain 30%+ segment margins, supporting recurring aftermarket cash generation independent of leasing cycles.

Strategic Capital fundraising and deployment capability

Successful third-party fundraising and rapid deployment validate FTAI’s asset-management platform and create fee-bearing, capital-efficient growth channels. External capital lowers on-balance-sheet funding needs and scales leasing returns while aligning partner incentives.

Negative Factors

Weak cash generation

Despite accounting profitability in 2025, cash flow remains a structural weakness: operating cash flow has been negative and free cash flow persistently below zero. This forces reliance on financing, asset sales or fund structures and raises execution risk if capital access tightens.

Historic balance-sheet leverage volatility

The capital structure has swung materially year-to-year, with high leverage followed by abrupt deleveraging. A thin equity base in prior years amplifies sensitivity to earnings swings, undermining confidence in balance-sheet stability through cycles.

FTAI Power commercialization and supply-chain risk

FTAI Power needs substantial upfront inventory and rotable pools while first deliveries are not until Q4 2026. Limited disclosed firm orders plus industry hot-section parts tightness increase execution and demand-certainty risk, and could pressure near-term cash and margins.

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 generates revenue primarily through its aircraft leasing operations, where it leases commercial aircraft to airlines and other operators, earning income from lease payments. Additionally, the company capitalizes on its maintenance, repair, and overhaul (MRO) services, which provide essential support and maintenance for a variety of aircraft, thus contributing to its revenue streams. Key partnerships with airlines and operators enhance FTAI's market position and provide a steady flow of contracts and agreements. Furthermore, the sale of aircraft parts and components plays a significant role in the company's financial performance, as it caters to the ongoing needs of the aviation sector. Overall, FTAI's diversified revenue model, combined with strategic partnerships and strong market demand, contributes to its earnings.

FTAI Aviation Financial Statement Overview

Summary

Strong revenue expansion and a sharp profitability rebound with solid 2025 margins support the score, but it is materially weighed down by persistently negative operating/free cash flow and a history of leverage/equity volatility that raises durability risk.

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	0.00	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	-310.75M	-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	0.00	681.81M	282.21M	44.91M	1.59B

FTAI Aviation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 305.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 305.8 is above the 20-day moving average (MA) of 282.54, above the 50-day MA of 250.81, and above the 200-day MA of 172.92, indicating a bullish trend. The MACD of 13.64 indicates Negative momentum. The RSI at 67.24 is Neutral, neither overbought nor oversold. The STOCH value of 73.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FTAI.

FTAI Aviation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WLFC	72 Outperform	$1.39B	12.19	18.91%	0.82%	27.90%	19.25%
GATX	69 Neutral	$6.54B	20.17	12.63%	1.41%	10.66%	13.61%
FTAI	68 Neutral	$31.37B	66.48	241.16%	0.73%	50.37%	―
AER	68 Neutral	$24.94B	6.86	21.13%	0.74%	2.90%	67.73%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
AL	63 Neutral	$7.26B	6.98	13.60%	1.37%	9.67%	96.43%
R	61 Neutral	$8.74B	18.67	16.15%	1.75%	1.68%	9.91%

FTAI Aviation Corporate Events

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.