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Aviation leasing and aftermarket company that leases jet engines and sells overhauled engine parts, focused on the CFM56/V2500 engine families.
Aviation leasing and aftermarket company that leases jet engines and sells overhauled engine parts, focused on the CFM56/V2500 engine families.
Buys used CFM56 and V2500 engines, leasing some and taking others apart and rebuilding them, then sells the overhauled parts and complete engine modules to airlines and repair shops at lower prices than the engine makers. The parts side has overtaken leasing as the main earner. It spun off its infrastructure arm in 2022 to focus on aviation.
Moat: narrow (scale, installed base, cost advantage). Large owned pool of CFM56/V2500 engines and parts lets it undercut OEM MRO pricing.
Headquarters: New York, US · Founded: 2021 · Employees: 985
Size FTAI Aviation (FTAI) is a United States Industrials company (Aerospace & Defense) with a market value of $18.4B, the 517th largest of 3,117 United States companies the cockpit tracks. Shares closed at $180.27 on 6 Nov 2026.
Performance Over six months the shares fell 33.3%, against -8.2% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 45.5% over the last twelve months (peer median +17.9%); the operating margin is 23.3% (peer median 9.6%).
Valuation It trades at 16.7× forward earnings against a peer median of 23.8× (4th cheapest of 20).
Capital Return on invested capital runs 6.5 points above its cost of capital (11.5% WACC).
Short interest Short interest is 6.0% of the free float (15 Oct 2026).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.42B | $2.51B | $1.75B | $1.19B | $722M |
| Revenue growth | — | +43% | +48% | +64% | — |
| Gross profit | $829M | $777M | $578M | $395M | $223M |
| EBITDA | $997M | $999M | $786M | $542M | $324M |
| Net income | $529M | $501M | $8.68M | $244M | -$193M |
| Free cash flow | -$1.10B | -$1.06B | -$1.50B | -$627M | -$803M |
| Capital expenditure | $585M | $752M | $1.31B | $777M | $814M |
| Total debt | $3.46B | $3.45B | $3.44B | $2.52B | $2.18B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| FTAI Aviation FTAI | $18.4B | -33% | +46% | 23% | 16.7× | n/a |
| AerCap AER | $26.2B | +13% | 0% | 49% | 9.1× | n/a |
| GE Aerospace GE | $334B | +9% | +20% | 18% | 36.4× | 27.6% |
| Willis Lease Finance WLFC | $992M | -37% | +22% | 25% | 14.4× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FTAI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.4% | +4.0% | 8th highest of 21 |
| 6-month return | -33.3% | -8.2% | 5th lowest of 21 |
| Distance from 52-week high | -44.3% | -23.7% | 6th lowest of 21 |
| Revenue growth (TTM) | +45.5% | +17.9% | 4th highest of 21 |
| Operating margin | 23.3% | 9.6% | 3rd highest of 21 |
| Forward P/E | 16.7× | 23.8× | 4th cheapest of 20 |
| ROIC minus cost of capital | +6.5 pp | +3.6 pp | 9th highest of 20 |
| EV / EBITDA | 21.6× | 16.6× | 6th most expensive of 16 |
| Net debt / EBITDA | 3.1× | 1.6× | 2nd most indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| FTAI Aviation FTAI | United States | $18.4B | -33% | +46% | 23% | 16.7× | n/a | n/a |
| Curtiss-Wright CW | United States | $17.1B | -36% | +11% | 19% | 27.4× | 16.2% | +7.9% |
| AVIC Shenyang Aircraft 600760.SS | China | $20.8B | +4% | -1% | 8% | 45.1× | n/a | n/a |
| MTU Aero Engines MTX.DE | Germany | $20.9B | +21% | +12% | 13% | 18.5× | 6.3% | +17.1% |
| Arxis ARXS | United States | $21.5B | +42% | +114% | 20% | 54.2× | 58.8% | n/a |
| AECC Aviation Power 600893.SS | China | $15.8B | -15% | +18% | 2% | 173.7× | n/a | n/a |
| Bombardier BBD-B.TO | Canada | $22.5B | +8% | +11% | 11% | 22.1× | 19.0% | +8.9% |
| Singapore Technologies Engineering S63.SI | Singapore | $22.6B | -13% | +11% | 9% | 27.3× | 5.3% | +11.5% |
| Csg CSG.AS | Netherlands | $14.6B | -20% | +72% | 25% | 11.7× | n/a | n/a |
| Textron TXT | United States | $14.2B | -8% | +9% | 7% | 11.9× | 8.3% | +4.9% |
| Embraer S.A. Sponsored ADR EMBJ | United States | $14.1B | +23% | +20% | 8% | 23.6× | 16.9% | +14.5% |
| Hanwha Aerospace 012450.KS | South Korea | $25.0B | -53% | +28% | 11% | 17.2× | -7.0% | +38.1% |
| Axon Enterprise AXON | United States | $25.4B | -22% | +35% | 1% | 36.5× | n/a | n/a |
| Dassault Aviation AM.PA | France | $26.0B | +6% | +33% | 9% | 19.6× | 5.2% | +6.2% |
| Crane CR | United States | $11.6B | +11% | +22% | 18% | 25.8× | 17.5% | -3.5% |
| Huntington Ingalls Industries HII | United States | $11.4B | -8% | +13% | 5% | 14.4× | 5.3% | +5.9% |
| Bharat Electronics BEL.NS | India | $30.6B | -10% | +20% | 26% | 41.5× | 38.2% | +14.3% |
| Leonardo LDO.MI | Italy | $31.0B | -4% | +10% | 7% | 20.2× | 14.3% | +7.8% |
| BWX Technologies BWXT | United States | $11.0B | -42% | +18% | 10% | 23.8× | 19.6% | +8.5% |
| Rocket Lab RKLB | United States | $31.8B | -50% | +53% | -29% | n/a | n/a | n/a |
| Kongsberg Gruppen KOG.OL | Norway | $31.8B | +13% | -28% | 17% | 46.3× | 21.7% | +4.3% |