Start here if you're new
what it is
FTAI buys aircraft engines, fixes them, sells parts, and leases aviation assets to airlines that need equipment working now.
how it gets paid
Last year Ftai Aviation made $2.5B in revenue. Aviation leasing was the main engine at $0.93B, or 37% of sales.
why it's growing
Revenue grew 44.5% last year. Robust demand within ftai’s core aerospace products business has been the primary catalyst.
what just happened
FTAI reported $1.8B in quarterly revenue, up 177% vs. prior year, but EPS still missed consensus.
At a glance
B+ balance sheet — decent shape, but not bulletproof
15/100 earnings predictability — expect surprises
58.9x trailing p/e — you're paying up for this one
0.6% dividend yield — cash in your pocket every quarter
25.0% return on capital — every dollar works hard here
xvary composite: 55/100 — below average
What they do
FTAI buys aircraft engines, fixes them, sells parts, and leases aviation assets to airlines that need equipment working now.
FTAI wins because it sells fixes, not hope. Aerospace Products was 63% of 2024 revenue, and the business posted a 47.0% operating margin. If your airline needs a working engine, repaired parts and leased assets beat waiting months for new metal.
How they make money
$2.5B
annual revenue · their business grew +44.5% last year
Engine repair and exchange
$0.79B
Refurbished engine sales
$0.47B
Aftermarket components
$0.19B
PMA parts and JV products
$0.12B
Aviation leasing
$0.93B
The products that matter
leases aircraft and engines
Aircraft and Engine Leasing
$2.5B revenue · 100% of sales
it's the whole business today. That concentration cuts both ways: the company posted a 23.7% net margin, but there isn't a second mature profit engine to hide behind if lease economics weaken.
the core
manages outside capital
Strategic Capital Initiative
$2B equity commitments secured
this is the business-model upgrade the market cares about. FTAI says it plans to deploy more than $6B of total capital to acquire roughly 375 aircraft by mid-2026. If that scales, you get more fee-like economics layered on top of the asset base.
the new model
repurposes old jet engines
Ftai Power
new initiative · data center target
the concept is easy to grasp: retired jet engines turned into land-based turbines for power demand. The page is thin on revenue, margin, and backlog detail, so you should treat this as optional upside until the proof shows up.
watch closely
Key numbers
$6.0B
2029 revenue
That is 2.4x today's $2.5B trailing revenue, which tells you the stock price is already leaning on a much bigger business.
47.0%
operating margin
Operating margin → profit left after running the business → so what: FTAI keeps nearly $0.47 from each revenue dollar before interest and taxes.
25.0%
return on capital
Return on capital → profit earned on money invested in the business → so what: this is a high-output asset machine, not a warehouse of idle engines.
58.9x
trailing P/E
Trailing P/E → stock price divided by the last 12 months of earnings → so what: you are paying a growth-stock multiple for an aviation parts and leasing company.
Financial health
B+
strength
- balance sheet grade B+ — solid but not elite
- risk rank 3 — safer than 50% of stocks
- price stability 15 / 100
- long-term debt $3.4B (11% of capital)
- net profit margin 25.4% — keeps 25 cents of every dollar in revenue
- return on equity 52% — $0.52 profit for every $1 investors have put in
B+ — functional but not a standout on the balance sheet.
Total return vs. market
You invested $10,000 in FTAI 3 years ago → it's now worth $121,440.
The index would have given you $13,880.
source: institutional data · total return
What just happened
missed estimates
FTAI reported $1.8B in quarterly revenue, up 177% vs. prior year, but EPS still missed consensus.
Latest-quarter EPS was $1.08 versus a $1.21 consensus estimate, a 10.74% miss. The bigger picture still looks strong: trailing revenue reached $2.5B, up 44.5% vs. prior year.
$1.8B
revenue
$1.08
eps
46.2%
gross margin
the number that mattered
Revenue growth of 177% mattered more than the EPS miss because it shows the platform is scaling fast enough to keep the long-range growth story alive.
-
the company was executing at a high level heading into the final stanza of 2025, with earnings and revenues up markedly through the first nine months of the year.robust demand within ftai’s core aerospace products business has been the primary catalyst, along with significant scaling of its strategic capital initiative (more below).
-
in the december period, we estimate the company earned $1.21 a share on revenues of $700.9 million, implying vs. prior year growth of 42% and 41%, respectively.
-
the strategic capital initiative (sci) brings a new look.sci represented a major business shift where ftai now manages funds (with its partners) to buy and lease mid-life aircraft. the strategy is geared toward constructing a more assetlight model while leveraging the company’s core strength in engine maintenance. the sci partnership secured $2 billion of equity commitments from its inaugural fundraising in october, and plans to deploy over $6 billion in total capital to acquire roughly 375 aircraft by mid-2026.
-
we see a long runway for future earnings growth.
-
impressive execution of leadership’s strategy has lent support to significant bottom-line expansion in recent years, and we don’t see any reason the company can’t build on this momentum in 2026 and beyond.key catalysts include strong demand in its aerospace business, vertical integration, and strategic partnerships. ftai recently inked a deal with palantir to bolster its digital infrastructure via artificial intelligence, which could be a gamechanger in terms of improving overall efficiency. it also just announced the launch of ftai power, a new initiative that involves converting older jet engines into land-based turbines for data centers.
source: company earnings report, 2026
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What could go wrong
FTAI is one of those stocks where the business can stay good and the stock still gets hurt. When you have a 58.9x trailing p/e, a 15/100 predictability score, and one core operating engine, the risks stack on top of each other fast.
med
lease-rate and airline cycle exposure
FTAI gets 100% of its current $2.5B revenue from aviation-related activity. If airline demand weakens, used-engine values soften, or lease rates stop cooperating, the whole income statement feels it.
This is the cleanest bear case: slower top-line growth, tighter margins, and a market that stops treating the stock like a special case.
med
SCI execution risk
The Strategic Capital Initiative has $2B of equity commitments and a plan for more than $6B of total capital across roughly 375 aircraft by mid-2026. Big plans are useful. Delivered plans are what count.
If deployment runs slow or returns land below expectations, investors re-rate FTAI toward an owner of assets rather than a manager of capital.
high
valuation compression
A 58.9x trailing p/e and 15/100 earnings predictability is a fragile pairing. You do not need a broken business for the stock to fall. You only need results that look less exceptional than the market expected.
This is why the stock feels expensive even after strong execution. The multiple has very little patience.
low
new-initiative opacity
Ftai Power and the Palantir tie-up add narrative range, but this page does not have revenue, margin, backlog, or return data for either. Thin disclosure is not fake. It is just thin.
If you count unproven adjacencies as core earnings power, you risk paying today for profits that have not shown up yet.
Between the $2.5B aviation core, $3.4B in long-term debt, and a stock price that already assumes a lot of competence, FTAI needs the cycle and the strategy to stay on script.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
quarterly revenue versus the $3B full-year path
If quarterly revenue drifts away from the pace implied by the $3B fiscal 2026 estimate, the valuation math gets harder fast. That's the first pressure test.
calendar
the next earnings report
You want another clean quarter on EPS, revenue, and SCI commentary. When expectations are crowded, a fine quarter can still trade like a miss.
trend
SCI deployment progress
The promise is more than $6B of total capital and roughly 375 aircraft by mid-2026. Progress here tells you whether the multiple is attached to a real transition or a very well-received plan.
risk
proof from new initiatives, not just headlines
Ftai Power and the Palantir deal get attention. Your money should care more about disclosed economics. If management starts showing real revenue or return data, the story gets stronger. If not, keep them in the side-pocket.
Analyst rankings
short-term outlook
average
momentum score 3. in human-speak, analysts are not seeing a strong short-term edge here despite the enormous past run.
risk profile
average
stability score 3 means the basic safety screen looks middle-of-the-pack, but the 15/100 price stability score says the stock itself still swings hard.
chart momentum
average
technical score 3 means no special chart signal right now. You're not buying a fresh breakout story from this ranking alone.
earnings predictability
15 / 100
low predictability means the model can surprise you. For a stock at 58.9x trailing earnings, that is central to the thesis, not a footnote.
source: institutional data
Institutional activity
251 buyers vs. 217 sellers in 3q2025. total institutional holdings: 95.3M shares.
source: institutional data
Price targets
3-5 year target range
$184
$490
$280
current price
$337
target midpoint · +20% from current · 3-5yr high: $420 (+50% · 11% ann'l return)
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