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FTAI Aviation Ltd. (FTAI) 10-Year Financial Performance & Capital Metrics

FTAI • • Industrial / General
IndustrialsRental & LeasingAircraft & Aviation Equipment LeasingAircraft Engine & Component Lessors
AboutFTAI 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.Show more
  • Revenue $1.75B +47.6%
  • EBITDA $786M +45.0%
  • Net Income $9M -96.4%
  • EPS (Diluted) -0.32 -115.2%
  • Gross Margin 33.01% -1.0%
  • EBITDA Margin 44.9% -1.7%
  • Operating Margin 31.56% +4.8%
  • Net Margin 0.5% -97.6%
  • ROE 6.75% -97.3%
  • ROIC 13.79% +22.2%
  • Debt/Equity 42.28 +195.4%
  • Interest Coverage 2.49 +12.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 74.2%
  • ✓Momentum leader: RS Rating 93 (top 7%)
  • ✓Strong 5Y sales CAGR of 24.5%
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗High debt to equity ratio of 42.3x
  • ✗Profits declining 47.9% over 5 years
  • ✗Weak Piotroski F-Score: 2/9
  • ✗Negative free cash flow
  • ✗Dividend payout exceeds 100% of earnings
  • ✗Expensive at 314.5x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y40.61%
5Y24.47%
3Y73.43%
TTM50.37%

Profit (Net Income) CAGR

10Y1.1%
5Y-47.85%
3Y-
TTM1884.02%

EPS CAGR

10Y-
5Y-
3Y-
TTM22000%

ROCE

10Y Avg4.32%
5Y Avg7.81%
3Y Avg11.66%
Latest16.86%

Peer Comparison

Aircraft Engine & Component Lessors
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Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
WLFCWillis Lease Finance Corporation1.13B165.6610.8036%17.87%17.19%4.12
MPUMega Matrix Corp.56.93M0.92-4755.99%-29.79%-88.04%7.24%
FTAIFTAI Aviation Ltd.25.85B252.04-787.6347.59%20.75%193.28%42.28

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+143.34M153.7M222.38M350.7M585.96M370.24M335.58M722.32M1.19B1.75B
Revenue Growth %1.47%0.07%0.45%0.58%0.67%-0.37%-0.09%1.15%0.64%0.48%
Cost of Goods Sold+120.88M131.36M185.21M279.07M464.24M285.66M208.78M499.6M790.72M1.17B
COGS % of Revenue0.84%0.85%0.83%0.8%0.79%0.77%0.62%0.69%0.67%0.67%
Gross Profit+22.47M22.34M37.16M71.63M121.72M84.58M126.8M222.72M395.31M577.88M
Gross Margin %0.16%0.15%0.17%0.2%0.21%0.23%0.38%0.31%0.33%0.33%
Gross Profit Growth %0.53%-0.01%0.66%0.93%0.7%-0.31%0.5%0.76%0.77%0.46%
Operating Expenses+22.59M29.06M30.3M32.85M56.5M36.68M27.01M65.6M38.32M25.5M
OpEx % of Revenue0.16%0.19%0.14%0.09%0.1%0.1%0.08%0.09%0.03%0.01%
Selling, General & Admin22.59M29.06M30.3M32.85M56.5M36.68M27.01M65.6M38.32M25.5M
SG&A % of Revenue0.16%0.19%0.14%0.09%0.1%0.1%0.08%0.09%0.03%0.01%
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses0000000000
Operating Income+-119K-6.71M6.86M38.78M65.22M47.91M99.79M157.12M356.99M552.38M
Operating Margin %-0%-0.04%0.03%0.11%0.11%0.13%0.3%0.22%0.3%0.32%
Operating Income Growth %-1.02%-55.43%2.02%4.65%0.68%-0.27%1.08%0.57%1.27%0.55%
EBITDA+52.2M58.94M99.69M181.28M241.42M224.05M247.53M323.95M541.99M786.04M
EBITDA Margin %0.36%0.38%0.45%0.52%0.41%0.61%0.74%0.45%0.46%0.45%
EBITDA Growth %1.25%0.13%0.69%0.82%0.33%-0.07%0.1%0.31%0.67%0.45%
D&A (Non-Cash Add-back)52.32M65.66M92.83M142.5M176.2M176.15M147.74M166.83M185M233.66M
EBIT-8.73M-21.37M17.54M39.19M247.72M-12.72M115.28M63.88M345.66M235.89M
Net Interest Income+-18.73M-18.82M-38.14M-56.36M-95.05M-98.04M-155.02M-169.19M-161.64M-221.72M
Interest Income579K136K688K488K531K162K0000
Interest Expense19.31M18.96M38.83M56.84M95.58M98.21M155.02M169.19M161.64M221.72M
Other Income/Expense-27.93M-33.62M-28.15M-56.44M86.92M-158.83M-139.52M-262.43M-172.97M-538.21M
Pretax Income+-28.05M-40.33M-21.29M-17.66M152.13M-110.93M-39.73M-105.31M184.02M14.17M
Pretax Margin %-0.2%-0.26%-0.1%-0.05%0.26%-0.3%-0.12%-0.15%0.16%0.01%
Income Tax+586K268K1.95M2.45M17.81M-5.91M3.13M5.3M-59.8M5.49M
Effective Tax Rate %0.42%0.5%-0.01%-0.33%1.48%0.8%2.62%1.83%1.32%0.61%
Net Income+-11.83M-20.06M134K5.88M225.11M-88.5M-104.23M-193.21M243.82M8.68M
Net Margin %-0.08%-0.13%0%0.02%0.38%-0.24%-0.31%-0.27%0.21%0%
Net Income Growth %-2.52%-0.7%1.01%42.9%37.27%-1.39%-0.18%-0.85%2.26%-0.96%
Net Income (Continuing)-28.63M-40.6M-23.24M-20.11M134.32M-105.02M-42.86M-110.61M243.82M8.68M
Discontinued Operations0004.06M73.22M0-61.37M-82.6M00
Minority Interest124.4M111.87M88.01M56.38M36.98M22.66M-192K524K534K0
EPS (Diluted)+-0.18-0.260.000.071.56-1.22-1.45-1.112.11-0.32
EPS Growth %-2.2%-0.44%1.01%-21.19%-1.78%-0.19%0.23%2.9%-1.15%
EPS (Basic)-0.18-0.260.000.071.56-1.22-1.45-1.112.12-0.32
Diluted Shares Outstanding67.04M75.74M75.77M83.66M86.03M86.02M89.92M99.42M100.43M101.54M
Basic Shares Outstanding65.7M75.74M75.77M83.65M85.99M86.02M89.92M99.42M99.91M101.54M
Dividend Payout Ratio--746.7%18.8%0.5%---0.49%14%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+417.78M154.85M123.88M167.25M291.99M253.11M363.44M316.18M522.7M1.23B
Cash & Short-Term Investments403.31M133.5M92.81M120.84M242.52M161.42M138.21M53.06M90.91M115.12M
Cash Only403.31M133.5M92.81M120.84M242.52M161.42M138.21M53.06M90.91M115.12M
Short-Term Investments0000000000
Accounts Receivable14.47M21.36M31.08M46.41M49.47M91.69M124.92M99.44M115.16M348.65M
Days Sales Outstanding36.8450.7251.0148.3130.8290.39135.8750.2535.4472.7
Inventory000000100.31M163.68M316.64M551.16M
Days Inventory Outstanding------175.36119.58146.16171.56
Other Current Assets000000000123.78M
Total Non-Current Assets+1.23B1.39B1.83B2.47B2.94B3.13B4.52B2.13B2.45B2.81B
Property, Plant & Equipment1.02B1.13B1.59B2.11B2.48B2.67B1.91B1.93B2.08B2.48B
Fixed Asset Turnover0.14x0.14x0.14x0.17x0.24x0.14x0.18x0.37x0.57x0.71x
Goodwill116.58M116.58M116.58M116.58M122.64M122.73M004.63M61.07M
Intangible Assets44.13M38.95M40.04M38.51M27.69M18.79M30.96M41.95M50.59M42.2M
Long-Term Investments30.14M83.95M46.92M48.03M180.73M201.72M45.32M71.24M125.02M47.46M
Other Non-Current Assets17.29M25.62M42.75M156.16M128.92M122.73M2.52B67.23M117.38M137.13M
Total Assets+1.64B1.55B1.96B2.64B3.24B3.39B4.88B2.45B2.97B4.04B
Asset Turnover0.09x0.10x0.11x0.13x0.18x0.11x0.07x0.29x0.40x0.43x
Asset Growth %0.17%-0.06%0.26%0.35%0.23%0.05%0.44%-0.5%0.21%0.36%
Total Current Liabilities+59.79M46.32M76.02M150.08M330.18M142.94M187.56M86.45M112.91M347.25M
Accounts Payable33.49M36.89M67M95.44M121.45M110.41M83.26M81.71M106.48M69.12M
Days Payables Outstanding101.13102.51132.03124.8395.49141.07145.5559.749.1521.51
Short-Term Debt24.79M8.08M7.79M49.41M185.33M29.76M100.53M000
Deferred Revenue (Current)0000000000
Other Current Liabilities1.51M1.35M1.23M5.23M23.4M2.78M3.78M4.74M6.42M278.13M
Current Ratio6.99x3.34x1.63x1.11x0.88x1.77x1.94x3.66x4.63x3.53x
Quick Ratio6.99x3.34x1.63x1.11x0.88x1.77x1.40x1.76x1.83x1.94x
Cash Conversion Cycle------165.68110.13132.45222.74
Total Non-Current Liabilities+294.33M335.31M844.71M1.43B1.57B2.15B3.57B2.34B2.68B3.61B
Long-Term Debt241.43M251.43M695.47M1.17B1.24B1.88B2.4B2.18B2.52B3.44B
Capital Lease Obligations000033.66M57.24M0000
Deferred Tax Liabilities00000020.07M22.79M8.25M0
Other Non-Current Liabilities52.9M83.88M149.24M269.22M295.31M208.71M1.15B144.74M158.55M168.86M
Total Liabilities354.12M381.63M920.73M1.58B1.9B2.29B3.76B2.43B2.8B3.96B
Total Debt+266.22M259.51M703.26M1.22B1.46B1.97B2.5B2.18B2.52B3.44B
Net Debt-137.09M126.02M610.46M1.09B1.22B1.81B2.36B2.12B2.43B3.33B
Debt / Equity0.21x0.22x0.68x1.15x1.09x1.79x2.23x112.14x14.31x42.28x
Debt / EBITDA5.10x4.40x7.05x6.70x6.04x8.78x10.11x6.72x4.64x4.38x
Net Debt / EBITDA-2.63x2.14x6.12x6.04x5.03x8.06x9.55x6.55x4.48x4.23x
Interest Coverage-0.01x-0.35x0.18x0.68x0.68x0.49x0.64x0.93x2.21x2.49x
Total Equity+1.29B1.17B1.04B1.05B1.34B1.1B1.12B19.4M175.88M81.37M
Equity Growth %0.81%-0.1%-0.11%0.02%0.27%-0.18%0.02%-0.98%8.07%-0.54%
Book Value per Share19.2515.3913.6612.6015.5612.7812.500.201.750.80
Total Shareholders' Equity1.17B1.05B947.07M997.4M1.3B1.08B1.12B18.88M175.35M81.37M
Common Stock757K758K758K840K849K856K992K997K1M1.03M
Retained Earnings-18.77M-38.83M-38.7M-32.82M190.45M-28.16M-132.39M-325.6M-81.78M-73.1M
Treasury Stock0000000000
Accumulated OCI97K7.13M00372K-26.24M-156.38M000
Minority Interest124.4M111.87M88.01M56.38M36.98M22.66M-192K524K534K0

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+23.53M30.9M68.5M133.7M151.04M63.11M-22.04M-20.66M128.98M-187.96M
Operating CF Margin %0.16%0.2%0.31%0.38%0.26%0.17%-0.07%-0.03%0.11%-0.11%
Operating CF Growth %1.75%0.31%1.22%0.95%0.13%-0.58%-1.35%0.06%7.24%-2.46%
Net Income-28.63M-40.6M-23.24M-15.7M207.78M-103.69M-130.71M-212.03M243.82M8.68M
Depreciation & Amortization52.32M65.66M96.42M163.01M201.39M202.75M229.73M230.37M185M218.06M
Stock-Based Compensation4.66M-3.67M1.34M901K8.4M2.33M4.04M2.62M1.64M6.01M
Deferred Taxes61K-387K227K649K14.49M-5.85M-2.06M2.16M-63.63M-1.88M
Other Non-Cash Items5.22M11.63M-10.76M-7.55M-276.3M55.89M-29.63M84.94M-161.92M-164.41M
Working Capital Changes-10.1M-1.73M4.51M-7.61M-4.73M-88.31M-93.42M-128.73M-75.93M-254.42M
Change in Receivables-5.94M-7.98M-12M-23.34M-22.62M-59.73M-88.87M-65.97M-40.36M-41.2M
Change in Inventory-251.21M-127.81M-58.65M-95.8M000-23.27M-31.88M-206.88M
Change in Payables3.18M7.73M10.27M30.47M31.54M-5.26M25.08M-19.6M1.25M15.89M
Cash from Investing+-239.92M-213.1M-440.23M-703.53M-495.24M-509.12M-1.29B-411.25M-373.35M-469.5M
Capital Expenditures-263.56M-276.47M-564.25M-749.5M-900.74M-594.78M-767.63M-813.65M-776.89M-1.31B
CapEx % of Revenue1.84%1.8%2.54%2.14%1.54%1.61%2.29%1.13%0.66%0.75%
Acquisitions----------
Investments----------
Other Investing19.91M70.11M42.19M10.48M264.01M90.34M162.42M420.23M476.61M992.98M
Cash from Financing+575.97M-131.45M363.08M597.87M465.87M364.92M1.59B44.91M282.21M681.81M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-36.34M-100.03M-100.06M-110.58M-115.38M-131.44M-142.77M-155.65M-151.64M-154.34M
Share Repurchases----------
Other Financing326.74M63.81M21.17M27.97M3.56M-12.12M-34.81M531.11M25.45M31.99M
Net Change in Cash----------
Free Cash Flow+-240.04M-245.57M-495.75M-615.8M-749.7M-531.67M-789.67M-834.31M-647.91M-1.34B
FCF Margin %-1.67%-1.6%-2.23%-1.76%-1.28%-1.44%-2.35%-1.16%-0.55%-0.77%
FCF Growth %0.52%-0.02%-1.02%-0.24%-0.22%0.29%-0.49%-0.06%0.22%-1.08%
FCF per Share-3.58-3.24-6.54-7.36-8.71-6.18-8.78-8.39-6.45-13.24
FCF Conversion (FCF/Net Income)-1.99x-1.54x511.17x22.73x0.67x-0.71x0.21x0.11x0.53x-21.65x
Interest Paid18.57M13.15M25.07M43.64M83.16M0142.2M185.14M150.62M222.12M
Taxes Paid507K654K1.73M721K1.07M0402K3.28M1.39M5.66M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-1.18%-1.63%0.01%0.56%18.82%-7.26%-9.38%-33.79%249.7%6.75%
Return on Invested Capital (ROIC)-0.01%-0.41%0.35%1.53%2.08%1.32%2.34%4.19%11.29%13.79%
Gross Margin15.67%14.54%16.71%20.43%20.77%22.85%37.79%30.83%33.33%33.01%
Net Margin-8.25%-13.05%0.06%1.68%38.42%-23.9%-31.06%-26.75%20.56%0.5%
Debt / Equity0.21x0.22x0.68x1.15x1.09x1.79x2.23x112.14x14.31x42.28x
Interest Coverage-0.01x-0.35x0.18x0.68x0.68x0.49x0.64x0.93x2.21x2.49x
FCF Conversion-1.99x-1.54x511.17x22.73x0.67x-0.71x0.21x0.11x0.53x-21.65x
Revenue Growth147.44%7.23%44.68%57.71%67.08%-36.81%-9.36%115.24%64.2%47.59%

Revenue by Segment

2015201620172018201920202021202220232024
Aerospace Products Revenue-------153.55M-1.08B
Aerospace Products Revenue Growth----------
Equipment Leasing Revenues---253.04M349.32M297.93M335.58M--255.34M
Equipment Leasing Revenues Growth----38.05%-14.71%12.64%---
Maintenance-------148.85M191.35M200.81M
Maintenance Growth--------28.55%4.94%
Manufactured Product, Other--------303.14M-
Manufactured Product, Other Growth----------
Equipment Lease income--------207.94M-
Equipment Lease income Growth----------
Product and Service, Other--------13.5M-
Product and Service, Other Growth----------
Equipment Leasing185.49M203.9M340M-------
Equipment Leasing Growth-9.93%66.75%-------
Infrastructure87.65M93.57M95.32M-------
Infrastructure Growth-6.76%1.86%-------

Revenue by Geography

2015201620172018201920202021202220232024
Europe35.08M30.76M89.62M121.55M157.94M124.67M133.54M167.62M364.49M688.71M
Europe Growth--12.32%191.39%35.62%29.94%-21.07%7.11%25.53%117.45%88.95%
North America49.68M56.89M65.47M158.99M265.84M101.61M182.34M372.15M587.05M613.36M
North America Growth-14.52%15.08%142.84%67.20%-61.78%79.45%104.09%57.75%4.48%
Asia39.96M47.35M51.87M85.69M131.94M126.69M128.55M124.63M153.98M340.47M
Asia Growth-18.50%9.53%65.21%53.97%-3.97%1.46%-3.05%23.55%121.11%
South America881K1.37M705K3.6M8.51M3.26M11.14M42.15M63.67M79.44M
South America Growth-55.85%-48.65%410.07%136.68%-61.65%241.30%278.32%51.07%24.77%
Africa10.97M12.34M9.99M10.05M14.54M10.26M235K1.86M1.7M12.91M
Africa Growth-12.54%-19.05%0.60%44.65%-29.45%-97.71%693.62%-9.01%660.99%

Frequently Asked Questions

Growth & Financials

FTAI Aviation Ltd. (FTAI) reported $2.35B in revenue for fiscal year 2024. This represents a 67308% increase from $3.5M in 2012.

FTAI Aviation Ltd. (FTAI) grew revenue by 47.6% over the past year. This is strong growth.

Yes, FTAI Aviation Ltd. (FTAI) is profitable, generating $487.9M in net income for fiscal year 2024 (0.5% net margin).

Dividend & Returns

Yes, FTAI Aviation Ltd. (FTAI) pays a dividend with a yield of 0.48%. This makes it attractive for income-focused investors.

FTAI Aviation Ltd. (FTAI) has a return on equity (ROE) of 6.7%. This is below average, suggesting room for improvement.

FTAI Aviation Ltd. (FTAI) had negative free cash flow of $1.22B in fiscal year 2024, likely due to heavy capital investments.

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