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FTAI Aviation
(NASDAQ:FTAI)
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Rating:60Neutral
Price Target:
$228.00
▲(5.57% Upside)
Action:Reiterated
Date:08/18/26
The score is held back primarily by weak cash generation and an aggressive capital structure (negative operating/free cash flow and very high debt-to-equity), despite strong recent profitability. The latest earnings call provides a meaningful offset with raised production guidance, expanded capacity, and a large Power Mod-1 anchor order, but technical signals are mixed and the valuation (high P/E with low yield) limits upside in the composite score.
Positive Factors
Strong profitability and revenue growth
Healthy margins and positive revenue growth indicate that FTAI is scaling a profitable aviation platform. Although historical earnings have been volatile, the current operating base provides durable support for investment in aftermarket and leasing expansion.
Negative Factors
Aggressive leverage
The highly leveraged capital structure leaves FTAI more exposed to refinancing costs, interest-rate changes and aviation downturns. It may also constrain financial flexibility if the company needs additional capital to fund expansion or absorb weaker operating conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability and revenue growth
Healthy margins and positive revenue growth indicate that FTAI is scaling a profitable aviation platform. Although historical earnings have been volatile, the current operating base provides durable support for investment in aftermarket and leasing expansion.
Read all positive factors
FTAI Aviation Key Performance Indicators (KPIs)
Any
Revenue By Segment
Breaks down revenue by business segments, revealing which areas are driving growth and contributing most to the company's overall performance.
Breaks down revenue by business segments, revealing which areas are driving growth and contributing most to the company's overall performance.
Data provided by:
The Fly
The FlyFTAI Aviation (FTAI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$20.32B
Dividend Yield0.81%
Average Volume (3M)1.18M
Price to Earnings (P/E)45.0
Beta (1Y)1.16
Revenue Growth44.48%
EPS Growth14.62%
CountryUS
Employees985
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)4.66
Shares Outstanding102,707,090
10 Day Avg. Volume1,378,090
30 Day Avg. Volume1,183,423
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$337.00Price Target Upside56.03% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)6.12
Revenue Forecast (FY)$3.90B
FTAI Aviation Business Overview & Revenue Model
Company Description
FTAI Aviation Ltd. is a company dedicated to the ownership and acquisition of critical equipment for the aviation and offshore energy industries, thereby supporting the worldwide movement of goods and people. The company operates through two prima...
How the Company Makes Money
FTAI Aviation generates revenue primarily from (1) leasing aviation assets and (2) selling aviation aftermarket products and services. On the leasing side, the company earns contractual payments from customers that lease its owned assets (commonly...
FTAI Aviation Earnings Call Summary
Earnings Call Date:Jul 29, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 03, 2026
Earnings Call Sentiment Positive
The call conveyed robust operational momentum and sizeable strategic wins: very strong Aerospace Products revenue and EBITDA growth, large increases in module production and capacity expansion, successful capital market actions for SCI, and a landmark $1.465B anchor order for the Power Mod-1 with positive prototype testing. Offsetting these positives are near-term impacts from an intentional shift to an asset-light model (lowering 2026 Aviation Leasing EBITDA), margin compression driven by heavier work scopes, increased corporate/start-up spending for Power, and a modest downward adjustment to 2026 free cash flow. Overall, the company is prioritizing long-term market share, scale and a large new Power opportunity at the expense of some short-term leasing and cash metrics.Positive Updates
Strong Aerospace Products Top-Line and EBITDA Growth
Aerospace Products revenue grew 78% year-over-year and 18% quarter-over-quarter. Segment adjusted EBITDA was $249.7M, up 51% YoY and 12% sequentially, with an EBITDA margin of 29%.
Negative Updates
Near-Term Aviation Leasing Headwinds
Management redirected module production toward third-party customers (asset-light strategy), reducing near-term on-balance-sheet leasing reinvestment. 2026 Aviation Leasing EBITDA was revised to $475M for the year (management indicated this is lower than prior guidance).
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Aerospace Products Top-Line and EBITDA Growth
Aerospace Products revenue grew 78% year-over-year and 18% quarter-over-quarter. Segment adjusted EBITDA was $249.7M, up 51% YoY and 12% sequentially, with an EBITDA margin of 29%.
Read all positive updates
Company Guidance
Management updated near- and medium-term guidance and operational targets with many concrete metrics: Q2 adjusted EBITDA was $291.4M (Aerospace Products $249.7M at a 29% margin, Aviation Leasing $88.2M, Corporate & Other -$46.5M); Aerospace Products refurbished 296 CFM56 modules in Q2 (+61% YoY), produced 566 modules in H1, raised 2026 module guidance to 1,200 (from 1,050) and is targeting 1,700 modules for next year; total physical CFM56 module capacity is now 3,000/yr (up from ~2,000), sufficient for a 25% market share and to produce ~100 Mod‑1s/yr; 2026 Aerospace Products EBITDA was reaffirmed at $1.05B while 2026 Aviation Leasing EBITDA was revised to $475M; total adjusted free cash flow for 2026 was updated from $915M to $878M (management still cites ~ $1.2B target before new growth initiatives); 2027 segment EBITDA guidance totals $2.3B (Aerospace Products $1.4B, Aviation Leasing $450M, Power $450M, with Power’s realistic range $450M–$750M), backed by a signed initial Mod‑1 PO of $1.465B for 2027, a launched 2026 SPV targeting $6B (FTAI 15% co‑invest), a fully committed 2025 SPV with >300 aircraft closed/LOI, an ABS (MRE 2026) of $612M, a $150M acceleration of Mod‑1 build‑out plus $30M incremental Power R&D, and balance‑sheet metrics including leverage of 2.7x, redemption of $105M Series C preferred, a Moody’s upgrade to Ba1, and an increased quarterly dividend to $0.50.FTAI Aviation Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
34
Negative
Cash Flow
21
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.11B | 2.51B | 1.75B | 1.19B | 722.32M | 335.58M |
| Gross Profit | 946.12M | 779.35M | 577.88M | 395.31M | 222.72M | 126.80M |
| EBITDA | 1.02B | 1.08B | 469.55M | 530.66M | 230.71M | 263.02M |
| Net Income | 496.27M | 501.06M | 8.68M | 243.82M | -193.21M | -104.23M |
Balance Sheet | ||||||
| Total Assets | 4.49B | 4.37B | 4.04B | 2.97B | 2.45B | 4.88B |
| Cash, Cash Equivalents and Short-Term Investments | 337.19M | 300.48M | 115.12M | 90.91M | 53.06M | 138.21M |
| Total Debt | 3.45B | 3.45B | 3.44B | 2.52B | 2.18B | 2.50B |
| Total Liabilities | 4.09B | 4.04B | 3.96B | 2.80B | 2.43B | 3.76B |
| Stockholders Equity | 403.99M | 334.17M | 81.37M | 175.35M | 18.88M | 1.12B |
Cash Flow | ||||||
| Free Cash Flow | -1.25B | -1.06B | -1.34B | -647.91M | -834.31M | -789.67M |
| Operating Cash Flow | -439.76M | -310.75M | -187.96M | 128.98M | -20.66M | -22.04M |
| Investing Cash Flow | 742.88M | 723.31M | -469.50M | -373.35M | -411.25M | -1.29B |
| Financing Cash Flow | -267.83M | -227.21M | 681.81M | 282.21M | 44.91M | 1.59B |
FTAI Aviation Technical Analysis
Negative
215.98
Price Trends
229.33
Negative
238.28
Negative
231.78
Negative
Market Momentum
-3.79
Positive
45.95
Neutral
22.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FTAI, the sentiment is Negative. The current price of 215.98 is above the 20-day moving average (MA) of 214.40, below the 50-day MA of 229.33, and below the 200-day MA of 231.78, indicating a bearish trend. The MACD of -3.79 indicates Positive momentum. The RSI at 45.95 is Neutral, neither overbought nor oversold. The STOCH value of 22.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FTAI.
FTAI Aviation Risk Analysis
FTAI Aviation disclosed 50 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $5.33B | 27.63 | 12.19% | ― | 18.97% | 1317.49% | |
77 Outperform | $8.35B | 25.31 | 12.12% | ― | 12.56% | 144.85% | |
76 Outperform | $41.16B | 62.73 | 17.82% | 0.04% | 18.80% | 30.84% | |
69 Neutral | $14.51B | 15.65 | 11.93% | 0.08% | 8.80% | 19.82% | |
66 Neutral | $65.25B | 36.42 | -21.02% | ― | 16.64% | 9.48% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | $20.32B | 45.00 | 139.57% | 0.69% | 44.48% | 14.62% |
* Industrials Sector Average
FTAI
FTAI Aviation
209.70
62.04
42.01%
AIR
AAR
134.82
59.73
79.54%
HEI
HEICO
355.04
49.92
16.36%
TXT
Textron
82.95
2.26
2.81%
TDG
Transdigm Group
1,200.35
-100.20
-7.70%
SARO
StandardAero, Inc.
25.06
-1.85
-6.87%
FTAI Aviation Corporate Events
Executive/Board ChangesShareholder Meetings
FTAI Aviation Shareholders Back Board, Pay and Auditor
Positive
May 29, 2026
At its Annual General Meeting held on May 28, 2026, FTAI Aviation shareholders elected three Class I directors – Joseph P. Adams Jr., Judith A. Hannaway and Martin Tuchman – to serve until the 2029 meeting, reinforcing continuity on th...
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.