# FTAI Aviation Ltd. (FTAI)

> Source: Nexqual · https://nexqual.com/FTAI · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, FTAI Aviation Ltd. (FTAI), nexqual.com/FTAI" · informational, not investment advice.

**Price:** USD 168.56 (+3.25% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 163.25 · day 152.51–168.87 · 52w 149.5–323.51 · market cap $17.3B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $3.11B, net income $496M (15.9% margin), free cash flow -$480M (SEC filings).
- Valuation: P/E 34.9x (avg 581.5x at the last 3 fiscal year-ends), net debt $3.12B.
- 2 of 80 tracked superinvestors hold FTAI (13F, Q2 2026): 0 new, 1 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 1.60 on a 1–5 scale) (10 analysts), mean target USD 355.6 (range 275–540).
- Total return with dividends: 1Y +0.1% vs S&P 500 +18.1%; 5Y +791.3% vs S&P 500 +85.1%.
- Next earnings: 2026-10-29, EPS estimate USD 1.44, revenue estimate $1.02B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2023 | FY2023 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $336M | $708M | $1.17B | $1.73B | $2.51B | $3.11B |
| Gross profit | $321M | $460M | $669M | $909M | $1.16B | — |
| Net income | -$131M | -$212M | $244M | $8.7M | $501M | $496M |
| EPS (diluted) | — | — | $2.11 | -$0.32 | $4.60 | — |
| Free cash flow | -$179M | -$165M | $123M | -$197M | -$338M | -$480M |
| Gross margin | 95.7% | 64.9% | 57.1% | 52.4% | 46.2% | — |
| Net margin | -38.9% | -29.9% | 20.8% | 0.5% | 20.0% | 15.9% |
| Revenue growth | +12.6% | +111.1% | +65.3% | +48.2% | +44.5% | — |
| Cash + short-term investments | $138M | $33.6M | $90.8M | $115M | $300M | — |
| Total debt | $2.60B | $2.18B | $2.52B | $3.44B | $3.45B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 34.9x · P/S 5.6x · EV/Sales 6.6x · P/B 42.9x · FCF yield -2.77% · Earnings yield 2.87% · Dividend yield (paid, TTM) 0.89% · Net debt $3.12B · EV $20.4B
P/E at fiscal year-ends: Dec 2025 40.8x, Dec 2024 1684.6x, Dec 2023 19.1x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold FTAI. Change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | <0.01% | $1.3M | Added +11.1% |
| Polen Capital | Polen Capital Management | <0.01% | $380K | Reduced -20.3% |

## Analysts
Consensus Buy (mean 1.60 on a 1–5 scale), 10 analysts; mean target USD 355.6 (low 275, high 540).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-16 | Barclays | Target lowered | Overweight | $350 → $310 |
| 2026-08-21 | Morgan Stanley | Target raised | Overweight | $319 → $360 |
| 2026-08-04 | BTIG | Target lowered | Buy | $400 → $350 |
| 2026-07-27 | RBC Capital | Target lowered | Outperform | $350 → $300 |
| 2026-07-22 | BTIG | Target raised | Buy | $340 → $400 |
| 2026-07-15 | Citizens | Target raised | Market Outperform | $325 → $375 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2021-10-11) |
|---|---|---|
| Total return | +0.1% | +791.3% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | +0.1% | +54.7% |
| Volatility (annualized) | 63.6% | 54.4% |
| Max drawdown | -47.0% (Feb 2026→Oct 2026) | -49.1% (Jan 2025→Mar 2025) |

## Peers (Aerospace & Defense)
CW (Curtiss-Wright Corporation) USD 501.49 -0.11% · WWD (Woodward, Inc.) USD 333.27 +0.23% · TXT (Textron Inc.) USD 75.15 +0.95% · EMBJ (Embraer S.A.) USD 72.1 +0.33% · BWXT (BWX Technologies, Inc.) USD 137.2 -1.20% · ARXS (Arxis, Inc.) USD 53.81 +7.81%

## More
Full page: https://nexqual.com/FTAI · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt