FTAI Aviation (FTAI) Financials

$116.84 -2.46 (-2.06%)

As of 11:23 AM Eastern

Annual Income Statements for FTAI Aviation

This table shows FTAI Aviation's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	-32	212	-220	-129	-105	223	5.88	0.13	-20	-12
Consolidated Net Income / (Loss)	8.68	244	-212	-131	-104	208	-16	-23	-41	-29
Net Income / (Loss) Continuing Operations	8.68	244	-111	-43	-39	134	-20	-23	-41	-29
Total Pre-Tax Income	14	184	-105	-40	-43	152	-18	-21	-40	-28
Total Operating Income	238	340	84	-84	-34	-53	32	-39	-32	-25
Total Gross Profit	909	669	460	321	298	579	342	185	149	137
Total Revenue	1,735	1,171	708	336	298	579	342	185	149	137
Operating Revenue	1,735	1,171	708	336	298	579	342	185	149	137
Total Cost of Revenue	826	502	248	14	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cost of Revenue	826	502	248	14	0.00	-	-	-	-	-
Total Operating Expenses	671	329	376	405	332	631	310	224	181	162
Selling, General & Admin Expense	139	142	150	74	54	308	154	77	12	7.57
Depreciation Expense	218	170	153	148	141	169	134	86	60	45
Other Operating Expenses / (Income)	300	0.00	0.00	155	93	132	16	54	102	103
Impairment Charge	0.96	2.12	137	10	34	4.73	0.00	-	-	-
Restructuring Charge	32	15	13	18	9.87	18	6.97	7.31	6.32	5.68
Other Special Charges / (Income)	-19	0.00	-77	-	-	-	-	-	-	-
Total Other Income / (Expense), net	-224	-156	-189	44	-9.08	205	-49	18	-8.34	-2.93
Interest Expense	239	162	189	3.25	6.94	-0.53	56	1.77	1.44	-0.58
Interest & Investment Income	-2.20	-1.61	-0.37	-1.40	-1.93	-2.38	-1.01	-1.60	-5.99	-6.96
Other Income / (Expense), net	17	7.59	0.21	49	-0.21	207	7.89	22	-0.91	3.45
Income Tax Expense	5.49	-60	5.30	3.13	-4.34	18	2.45	1.95	0.27	0.59
Net Income / (Loss) Discontinued Operations	0.00	0.00	-101	-88	-65	73	4.40	-0.74	-	-
Preferred Stock Dividends Declared	41	32	27	25	18	1.84	0.00	0.00	-	-
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	-19	-26	-17	-17	-22	-23	-21	-17
Weighted Average Basic Shares Outstanding	101.54M	99.91M	99.42M	89.92M	86.02M	85.99M	83.65M	75.77M	75.74M	67.04M
Weighted Average Diluted Shares Outstanding	101.54M	100.43M	99.42M	89.92M	86.02M	86.03M	83.66M	75.77M	75.74M	67.04M
Weighted Average Basic & Diluted Shares Outstanding	102.55M	100.25M	99.73M	99.19M	85.62M	84.99M	84.40M	82.78M	77.20M	65.70M
Cash Dividends to Common per Share	$1.20	$1.20	$1.26	$1.32	$1.32	$0.33	$0.33	$1.32	$1.32	$0.48

This table shows FTAI Aviation's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	90	87	78	-228	31	110	33	46	23	20	-23
Consolidated Net Income / (Loss)	102	102	86	-220	40	118	41	55	29	27	-19
Net Income / (Loss) Continuing Operations	102	102	86	-220	40	118	41	55	29	27	-4.15
Total Pre-Tax Income	125	108	94	-233	45	51	45	57	31	25	0.04
Total Operating Income	151	158	149	-163	93	88	85	95	72	230	21
Total Gross Profit	253	241	246	238	184	178	174	170	147	146	134
Total Revenue	502	499	466	444	327	313	291	274	293	274	230
Operating Revenue	502	499	466	444	327	313	291	274	293	274	230
Total Cost of Revenue	249	258	219	206	143	135	117	105	146	128	96
Operating Cost of Revenue	249	258	219	206	143	135	117	105	146	128	96
Total Operating Expenses	102	83	97	400	91	90	90	75	75	-84	113
Selling, General & Admin Expense	36	38	31	36	34	37	41	34	30	30	31
Depreciation Expense	60	55	57	57	50	46	44	39	41	37	35
Impairment Charge	0.00	-	0.00	0.00	0.96	0.90	0.00	0.00	1.22	9.05	4.50
Restructuring Charge	7.29	8.76	9.34	8.02	6.18	5.00	4.26	2.67	3.26	4.87	2.85
Total Other Income / (Expense), net	-26	-50	-55	-70	-48	-37	-40	-38	-41	-205	-21
Interest Expense	62	64	58	69	48	44	40	38	39	-	20
Interest & Investment Income	-7.61	-0.40	-0.44	-0.69	-0.67	0.06	0.05	-0.38	-1.34	-0.24	-0.36
Other Income / (Expense), net	44	14	2.91	-0.50	0.63	6.71	0.46	0.41	0.01	-80	-1.04
Income Tax Expense	23	5.62	7.33	-13	5.57	-67	3.71	1.86	2.03	-2.06	4.19
Preferred Stock Dividends Declared	12	16	8.34	8.34	8.34	8.34	8.33	8.34	6.79	6.79	6.79
Basic Earnings per Share	$0.88	-	$0.76	($2.26)	$0.31	$1.10	$0.33	$0.47	$0.23	$0.20	-
Weighted Average Basic Shares Outstanding	102.55M	101.54M	102.38M	100.96M	100.25M	99.91M	99.93M	99.73M	99.73M	99.42M	99.38M
Diluted Earnings per Share	$0.87	-	$0.76	($2.26)	$0.31	$1.10	$0.33	$0.46	$0.22	$0.20	-
Weighted Average Diluted Shares Outstanding	103.16M	101.54M	103.40M	100.96M	100.96M	100.43M	100.48M	100.46M	100.97M	99.42M	99.38M
Weighted Average Basic & Diluted Shares Outstanding	102.56M	102.55M	102.55M	102.21M	100.25M	100.25M	100.24M	99.74M	99.73M	99.73M	99.66M
Cash Dividends to Common per Share	$0.30	-	$0.30	$0.30	$0.30	$0.38	-	-	$0.30	$0.37	$0.30

This table details how cash moves in and out of FTAI Aviation's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	24	38	-234	279	-81	122	28	-41	-270	360
Net Cash From Operating Activities	-188	129	-21	-22	63	151	134	68	31	24
Net Cash From Continuing Operating Activities	-188	129	132	-22	63	151	134	68	31	24
Net Income / (Loss) Continuing Operations	8.68	244	-212	-131	-104	208	-16	-23	-41	-29
Consolidated Net Income / (Loss)	8.68	244	-212	-131	-104	208	-16	-23	-41	-29
Depreciation Expense	218	170	346	202	172	171	136	88	60	45
Amortization Expense	55	53	56	50	38	38	32	13	8.02	8.49
Non-Cash Adjustments To Reconcile Net Income	-219	-189	70	-46	29	-258	-10	-13	5.80	7.49
Changes in Operating Assets and Liabilities, net	-251	-148	-128	-97	-72	-8.48	-8.79	4.58	-2.49	-9.13
Net Cash From Investing Activities	-469	-373	-411	-1,287	-509	-495	-704	-472	-211	-240
Net Cash From Continuing Investing Activities	-469	-373	-411	-1,288	-509	-495	-704	-472	-211	-240
Purchase of Property, Plant & Equipment	-1,157	-756	-783	-730	-586	-900	-728	-542	-258	-261
Acquisitions	-148	-30	-35	-627	-8.34	-29	-11	-10	-4.53	-2.45
Purchase of Investments	-67	0.00	0.00	-	-	-	-	-	-	-
Sale of Property, Plant & Equipment	969	478	414	163	0.00	248	44	92	0.74	1.39
Sale and/or Maturity of Investments	4.93	4.88	0.00	0.00	-	1.56	2.09	30	0.43	3.73
Other Investing Activities, net	-73	-71	-8.01	-94	86	183	-11	-42	51	19
Net Cash From Financing Activities	682	282	45	1,588	365	466	598	363	-90	576
Net Cash From Continuing Financing Activities	682	282	45	1,588	365	466	598	363	-90	576
Repayment of Debt	-1,690	-617	-1,163	-1,606	-880	-439	-222	-129	-164	-24
Repurchase of Preferred Equity	-105	0.00	0.00	-	-	-	-	-	-	-
Repurchase of Common Equity	-0.53	0.00	0.00	-	-	-	-0.82	0.00	0.00	-3.00
Payment of Dividends	-154	-152	-156	-143	-131	-115	-111	-100	-101	-82
Issuance of Debt	2,582	952	814	2,894	1,341	789	751	567	152	0.20
Issuance of Preferred Equity	0.00	62	0.00	101	20	194	0.00	0.00	-	-
Issuance of Common Equity	0.00	0.02	1.19	323	0.00	0.00	148	0.04	11	392
Other Financing Activities, net	50	38	549	18	16	38	32	25	12	292
Cash Interest Paid	222	151	185	142	72	83	44	25	13	19
Cash Income Taxes Paid	5.66	1.39	3.28	0.40	0.00	1.07	0.72	1.73	0.65	0.51

This table details how cash moves in and out of FTAI Aviation's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-2.98	3.23	-58	104	-26	38	32	-20	-12	133	-224
Net Cash From Operating Activities	-26	-42	41	-187	-0.35	12	50	29	39	0.64	27
Net Cash From Continuing Operating Activities	-26	-42	41	-187	-0.35	12	50	29	39	154	27
Net Income / (Loss) Continuing Operations	102	102	86	-220	40	118	41	55	29	27	-19
Consolidated Net Income / (Loss)	102	102	86	-220	40	118	41	55	29	27	-19
Depreciation Expense	60	55	57	57	50	46	44	39	41	190	41
Amortization Expense	12	16	16	12	12	13	18	13	9.86	8.70	10
Non-Cash Adjustments To Reconcile Net Income	-40	-129	-100	68	-58	-56	-52	-43	-39	-32	4.22
Changes in Operating Assets and Liabilities, net	-159	-86	-18	-104	-44	-109	-1.55	-34	-2.74	-40	-9.19
Net Cash From Investing Activities	-28	-27	-223	-50	-169	-182	-89	-90	-12	-143	38
Net Cash From Continuing Investing Activities	-28	-27	-223	-50	-169	-182	-89	-90	-12	-143	38
Purchase of Property, Plant & Equipment	-272	-531	-187	-160	-278	-245	-183	-199	-129	-283	-60
Purchase of Investments	-2.76	-3.00	-44	-	-	-	-	-	-	-	-
Sale of Property, Plant & Equipment	233	426	209	205	128	112	93	120	154	409	-145
Sale and/or Maturity of Investments	0.99	1.06	1.01	0.90	1.96	2.44	0.81	1.62	0.00	-	-
Other Investing Activities, net	13	-79	-1.16	2.87	4.28	-32	-0.49	-11	-27	-238	236
Net Cash From Financing Activities	51	72	124	342	144	208	71	41	-38	123	-290
Net Cash From Continuing Financing Activities	51	72	124	342	144	208	71	41	-38	123	-290
Repayment of Debt	-90	-312	-81	-1,262	-35	-285	-0.37	-111	-220	-160	-764
Repurchase of Preferred Equity	-124	-	-	-	-	-	-	-	-	-	-
Payment of Dividends	-37	-38	-39	-39	-38	-38	-38	-38	-37	-37	-40
Issuance of Debt	290	513	230	1,629	210	522	105	180	145	310	-
Other Financing Activities, net	12	15	14	14	7.73	10	5.09	11	12	9.71	513

This table presents FTAI Aviation's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	4,038	2,965	2,430	4,864	3,388	3,237	2,639	1,956	1,547	1,645
Total Current Assets	1,226	671	297	363	253	292	224	133	205	511
Cash & Equivalents	115	91	34	138	122	227	100	59	68	382
Accounts Receivable	151	115	99	125	92	49	46	31	21	14
Inventories, net	551	317	164	100	-	-	-	-	-	-
Other Current Assets	409	149	-	-	-	-	-	-	-	-
Plant, Property, & Equipment, net	107	45	10	0.00	964	2,439	2,094	1,564	1,118	936
Total Noncurrent Assets	2,704	2,248	2,123	4,500	2,171	506	321	259	225	197
Long-Term Investments	19	23	22	23	147	181	41	43	-	-
Goodwill	61	4.63	0.00	-	123	123	116	117	117	117
Intangible Assets	42	51	42	31	19	28	38	40	39	44
Other Noncurrent Operating Assets	2,582	2,170	2,059	2,004	1,876	167	126	59	70	37
Total Liabilities & Shareholders' Equity	4,038	2,965	2,430	4,864	3,388	3,237	2,639	1,956	1,547	1,645
Total Liabilities	3,957	2,789	2,410	3,740	2,289	1,898	1,585	921	382	354
Total Current Liabilities	347	182	86	87	113	145	136	68	38	35
Accounts Payable	69	42	86	87	113	145	101	68	38	35
Accrued Expenses	97	71	-	-	-	-	-	-	-	-
Customer Deposits	81	57	-	-	-	-	-	-	-	-
Other Current Liabilities	101	12	-	-	-	-	-	-	-	-
Total Noncurrent Liabilities	3,609	2,607	2,324	3,653	2,175	1,753	1,449	853	343	319
Long-Term Debt	3,440	2,517	2,176	2,502	1,905	1,421	1,215	703	260	266
Other Noncurrent Operating Liabilities	169	90	148	171	271	332	234	149	84	53
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	81	176	19	1,124	1,099	1,339	1,054	1,035	1,166	1,291
Total Preferred & Common Equity	81	175	19	1,124	1,077	1,302	997	947	1,054	1,166
Preferred Stock	0.12	0.16	0.13	0.13	0.09	0.08	0.00	-	-	-
Total Common Equity	81	175	19	1,124	1,077	1,302	997	947	1,054	1,166
Common Stock	154	257	344	1,413	1,131	1,111	1,030	986	1,086	1,185
Retained Earnings	-73	-82	-326	-132	-28	190	-33	-39	-39	-19
Noncontrolling Interest	0.00	0.53	0.52	-0.19	23	37	56	88	112	124

This table presents FTAI Aviation's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	4,268	3,739	3,449	3,176	2,634	2,526	2,441	2,018
Total Current Assets	1,870	769	697	548	436	411	388	281
Cash & Equivalents	112	112	169	65	53	21	41	16
Accounts Receivable	224	166	154	137	108	-	114	83
Inventories, net	645	491	373	345	275	232	193	160
Other Current Assets	423	-	-	-	-	-	-	-
Other Current Nonoperating Assets	466	-	-	-	-	-	-	-
Plant, Property, & Equipment, net	108	104	33	44	13	12	11	0.00
Total Noncurrent Assets	2,290	2,866	2,719	2,584	2,185	2,103	2,042	1,737
Long-Term Investments	31	19	20	22	40	-	-	-
Goodwill	61	32	4.63	4.63	-	-	-	-
Intangible Assets	16	38	42	47	41	45	46	29
Other Noncurrent Operating Assets	2,182	2,777	2,653	2,510	2,103	2,058	1,997	1,708
Total Liabilities & Shareholders' Equity	4,268	3,739	3,449	3,176	2,634	2,526	2,441	2,018
Total Liabilities	4,240	3,620	3,380	2,998	2,539	2,434	2,367	225
Total Current Liabilities	474	197	129	139	109	80	105	54
Accounts Payable	111	197	129	139	109	80	105	27
Accrued Expenses	142	-	-	-	-	-	-	-
Customer Deposits	53	-	-	-	-	-	-	-
Other Current Liabilities	91	-	-	-	-	-	-	27
Other Current Nonoperating Liabilities	76	-	-	-	-	-	-	-
Total Noncurrent Liabilities	3,766	3,424	3,251	2,859	2,430	2,355	2,262	171
Long-Term Debt	3,643	3,218	3,078	2,694	2,279	2,173	2,102	-
Other Noncurrent Operating Liabilities	124	205	173	165	151	181	160	171
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	28	119	70	178	95	91	74	1,793
Total Preferred & Common Equity	28	119	70	177	95	91	74	1,793
Preferred Stock	0.07	0.16	0.16	0.16	0.16	0.16	0.16	-
Total Common Equity	28	118	69	177	95	91	74	1,793
Common Stock	-1.02	294	331	219	295	332	370	1,088
Retained Earnings	29	-176	-262	-42	-200	-241	-296	706

This table displays calculated financial ratios and metrics derived from FTAI Aviation's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	48.17%	65.28%	111.10%	12.64%	-48.52%	69.18%	84.87%	24.43%	8.90%	135.75%
EBITDA Growth	-7.21%	17.13%	124.80%	23.26%	-51.73%	74.73%	149.47%	136.11%	10.00%	91.44%
EBIT Growth	-26.51%	312.86%	339.78%	-1.62%	-122.42%	287.77%	331.13%	47.77%	-51.81%	-771.25%
NOPAT Growth	-67.62%	666.28%	200.36%	-143.65%	48.40%	-309.02%	181.90%	-21.44%	-27.38%	-126.56%
Net Income Growth	-96.44%	214.99%	-62.22%	-26.05%	-149.90%	1,423.13%	32.43%	42.76%	-41.80%	-1,081.19%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-44.44%	-220.00%
Operating Cash Flow Growth	-245.72%	724.40%	6.29%	-134.93%	-58.22%	12.97%	95.19%	121.65%	31.35%	174.57%
Free Cash Flow Firm Growth	-6,833.71%	112.56%	-112.32%	265.63%	-29.09%	35.55%	-21.78%	-188.50%	-261.79%	106.49%
Invested Capital Growth	31.32%	20.58%	6.84%	-25.73%	15.38%	12.01%	30.14%	28.06%	9.52%	-7.95%
Revenue Q/Q Growth	12.01%	3.39%	41.20%	22.00%	-34.11%	11.82%	26.33%	-6.81%	6.10%	8.23%
EBITDA Q/Q Growth	90.88%	28.56%	132.39%	5.33%	-22.43%	15.56%	29.36%	-1.75%	52.99%	-8.98%
EBIT Q/Q Growth	1,536.05%	48.70%	169.03%	-225.60%	-310.89%	41.17%	222.67%	-329.93%	20.43%	-69.99%
NOPAT Q/Q Growth	3,464.76%	98.15%	135.69%	-891.55%	76.68%	-204.93%	508.87%	-149.73%	18.37%	-38.07%
Net Income Q/Q Growth	-64.70%	60.13%	38.47%	-54.42%	-175.62%	698.31%	27.32%	-3.24%	7.79%	-52.07%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	27.78%	0.00%
Operating Cash Flow Q/Q Growth	-40.33%	9.86%	88.21%	-113.24%	-27.23%	7.89%	30.48%	1.20%	150.84%	1.83%
Free Cash Flow Firm Q/Q Growth	28.01%	103.29%	-104.61%	168.33%	-28.85%	36.71%	12.21%	-30.81%	-60.07%	0.00%
Invested Capital Q/Q Growth	5.68%	13.07%	21.88%	-44.65%	0.57%	-6.01%	5.76%	10.33%	6.58%	2.05%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	52.40%	57.12%	64.94%	95.74%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	30.47%	48.66%	68.66%	64.48%	58.92%	62.84%	60.84%	45.09%	23.76%	23.52%
Operating Margin	13.71%	29.01%	11.84%	-24.91%	-11.52%	-9.11%	9.30%	-20.99%	-21.51%	-18.39%
EBIT Margin	14.71%	29.66%	11.87%	-10.45%	-11.59%	26.60%	11.61%	-9.28%	-22.12%	-15.87%
Profit (Net Income) Margin	0.50%	20.82%	-29.93%	-38.95%	-34.80%	35.90%	-4.59%	-12.56%	-27.30%	-20.96%
Tax Burden Percent	61.27%	132.50%	201.33%	328.94%	238.95%	136.58%	88.94%	113.10%	100.66%	102.09%
Interest Burden Percent	5.55%	52.99%	-125.20%	113.28%	125.71%	98.80%	-44.47%	119.61%	122.60%	129.43%
Effective Tax Rate	38.73%	-32.50%	0.00%	0.00%	0.00%	11.71%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	4.88%	19.07%	2.84%	-2.49%	-0.95%	-2.10%	1.21%	-1.91%	-1.87%	-1.47%
ROIC Less NNEP Spread (ROIC-NNEP)	0.08%	9.96%	-15.22%	-8.32%	-7.10%	22.95%	-3.54%	-0.70%	57.12%	-7.29%
Return on Net Nonoperating Assets (RNNOA)	1.87%	230.63%	-39.92%	-9.27%	-7.55%	19.47%	-2.71%	-0.21%	-1.44%	-1.38%
Return on Equity (ROE)	6.75%	249.70%	-37.08%	-11.76%	-8.51%	17.37%	-1.50%	-2.11%	-3.31%	-2.86%
Cash Return on Invested Capital (CROIC)	-22.19%	0.42%	-3.78%	27.03%	-15.24%	-13.43%	-24.99%	-26.52%	-10.96%	6.80%
Operating Return on Assets (OROA)	7.29%	12.88%	2.31%	-0.85%	-1.04%	5.24%	1.73%	-0.98%	-2.06%	-1.42%
Return on Assets (ROA)	0.25%	9.04%	-5.81%	-3.17%	-3.13%	7.07%	-0.68%	-1.33%	-2.54%	-1.88%
Return on Common Equity (ROCE)	6.73%	248.15%	-37.07%	-11.64%	-8.30%	16.69%	-1.40%	-1.92%	-2.99%	-2.54%
Return on Equity Simple (ROE_SIMPLE)	10.67%	139.05%	-1,115.29%	-11.62%	-9.63%	15.96%	-1.57%	-2.45%	-3.85%	-2.45%
Net Operating Profit after Tax (NOPAT)	146	450	59	-59	-24	-47	22	-27	-22	-18
NOPAT Margin	8.40%	38.44%	8.29%	-17.44%	-8.06%	-8.04%	6.51%	-14.69%	-15.06%	-12.87%
Net Nonoperating Expense Percent (NNEP)	4.80%	9.12%	18.06%	5.83%	6.14%	-25.05%	4.75%	-1.21%	-58.99%	5.81%
Return On Investment Capital (ROIC_SIMPLE)	4.14%	16.71%	2.68%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	47.60%	42.88%	35.06%	4.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	7.99%	12.12%	21.17%	21.98%	18.20%	53.30%	44.93%	41.60%	8.28%	5.54%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	38.69%	28.11%	53.09%	120.65%	111.52%	109.11%	90.70%	120.99%	121.51%	118.39%
Earnings before Interest and Taxes (EBIT)	255	347	84	-35	-35	154	40	-17	-33	-22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	529	570	486	216	176	364	208	83	35	32
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	181.80	26.19	85.79	2.24	1.57	0.96	0.89	1.03	0.57	0.39
Price to Tangible Book Value (P/TBV)	0.00	38.24	0.00	2.31	1.80	1.09	1.05	1.23	0.67	0.45
Price to Revenue (P/Rev)	8.51	3.92	2.29	7.52	5.66	2.17	2.59	5.25	4.03	3.29
Price to Earnings (P/E)	0.00	21.64	0.00	0.00	0.00	5.62	150.88	7,256.07	0.00	0.00
Dividend Yield	0.83%	2.62%	9.14%	5.19%	6.71%	8.93%	12.44%	10.29%	16.69%	8.08%
Earnings Yield	0.00%	4.62%	0.00%	0.00%	0.00%	17.79%	0.66%	0.01%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	5.34	2.71	1.75	2.43	1.23	0.98	0.96	1.02	0.64	0.37
Enterprise Value to Revenue (EV/Rev)	10.42	5.97	5.28	14.50	11.09	3.96	5.84	8.80	5.36	3.12
Enterprise Value to EBITDA (EV/EBITDA)	34.19	12.27	7.69	22.48	18.83	6.30	9.60	19.51	22.55	13.27
Enterprise Value to EBIT (EV/EBIT)	70.84	20.14	44.47	0.00	0.00	14.87	50.31	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	124.05	15.54	63.68	0.00	0.00	0.00	89.70	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	54.21	0.00	0.00	52.37	15.16	14.94	23.77	25.79	18.12
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	711.02	0.00	7.66	0.00	0.00	0.00	0.00	0.00	5.26
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	42.28	14.31	112.14	2.23	1.73	1.06	1.15	0.68	0.22	0.21
Long-Term Debt to Equity	42.28	14.31	112.14	2.23	1.73	1.06	1.15	0.68	0.22	0.21
Financial Leverage	22.20	23.17	2.62	1.11	1.06	0.85	0.77	0.30	-0.03	0.19
Leverage Ratio	27.22	27.62	6.38	3.71	2.72	2.46	2.20	1.59	1.30	1.52
Compound Leverage Factor	1.51	14.64	-7.99	4.20	3.42	2.43	-0.98	1.90	1.59	1.97
Debt to Total Capital	97.69%	93.47%	99.12%	69.00%	63.41%	51.49%	53.56%	40.46%	18.21%	17.10%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	97.69%	93.47%	99.12%	69.00%	63.41%	51.49%	53.56%	40.46%	18.21%	17.10%
Preferred Equity to Total Capital	0.00%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.02%	0.02%	-0.01%	0.75%	1.34%	2.49%	5.06%	7.85%	7.99%
Common Equity to Total Capital	2.31%	6.50%	0.86%	31.01%	35.84%	47.17%	43.96%	54.48%	73.94%	74.91%
Debt to EBITDA	6.51	4.42	4.47	11.56	10.85	3.91	5.84	8.43	7.34	8.29
Net Debt to EBITDA	6.25	4.22	4.36	10.82	9.10	2.74	5.06	6.81	2.43	-4.60
Long-Term Debt to EBITDA	6.51	4.42	4.47	11.56	10.85	3.91	5.84	8.43	7.34	8.29
Debt to NOPAT	23.61	5.59	37.04	-42.75	-79.30	-30.53	54.56	-25.86	-11.59	-15.14
Net Debt to NOPAT	22.69	5.34	36.10	-39.99	-66.48	-21.44	47.32	-20.89	-3.84	8.41
Long-Term Debt to NOPAT	23.61	5.59	37.04	-42.75	-79.30	-30.53	54.56	-25.86	-11.59	-15.14
Altman Z-Score	3.11	1.93	0.73	0.48	0.53	0.87	0.54	0.71	1.06	1.13
Noncontrolling Interest Sharing Ratio	0.31%	0.62%	0.03%	1.01%	2.45%	3.90%	6.91%	9.08%	9.62%	11.15%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.53	3.69	3.43	4.18	2.24	2.02	1.65	1.95	5.35	14.60
Quick Ratio	0.77	1.13	1.54	3.02	1.89	1.91	1.07	1.46	3.64	13.98
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-662	9.83	-78	635	-383	-297	-461	-378	-131	81
Operating Cash Flow to CapEx	-100.36%	46.39%	-5.61%	-3.89%	10.76%	23.19%	19.56%	15.21%	12.01%	9.06%
Free Cash Flow to Firm to Interest Expense	-2.77	0.06	-0.41	195.18	-55.23	0.00	-8.18	-214.08	-90.92	0.00
Operating Cash Flow to Interest Expense	-0.79	0.80	-0.11	-6.77	9.09	0.00	2.37	38.74	21.42	0.00
Operating Cash Flow Less CapEx to Interest Expense	-1.57	-0.92	-2.06	-180.88	-75.38	0.00	-9.76	-215.91	-156.87	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.50	0.43	0.19	0.08	0.09	0.20	0.15	0.11	0.09	0.09
Accounts Receivable Turnover	13.05	10.91	6.31	3.10	4.22	12.07	8.83	7.06	8.30	11.36
Inventory Turnover	1.90	2.09	1.88	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	22.73	42.43	0.00	0.00	0.18	0.26	0.19	0.14	0.14	0.16
Accounts Payable Turnover	14.92	7.84	2.86	0.14	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	27.98	33.45	57.80	117.80	86.47	30.23	41.34	51.71	43.96	32.14
Days Inventory Outstanding (DIO)	191.76	174.57	193.96	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	24.46	46.54	127.47	2,553.83	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	195.28	161.48	124.29	-2,436.02	86.47	30.23	41.34	51.71	43.96	32.14
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,388	2,580	2,140	2,003	2,696	2,337	2,086	1,603	1,252	1,143
Invested Capital Turnover	0.58	0.50	0.34	0.14	0.12	0.26	0.19	0.13	0.12	0.11
Increase / (Decrease) in Invested Capital	808	440	137	-694	359	251	483	351	109	-99
Enterprise Value (EV)	18,078	6,992	3,740	4,864	3,305	2,290	1,998	1,628	797	426
Market Capitalization	14,771	4,588	1,620	2,524	1,685	1,255	888	972	599	450
Book Value per Share	$0.79	$1.75	$0.19	$11.34	$12.58	$15.33	$12.05	$12.50	$13.91	$15.40
Tangible Book Value per Share	($0.21)	$1.20	($0.23)	$11.02	$10.92	$13.56	$10.18	$10.43	$11.86	$13.28
Total Capital	3,522	2,693	2,195	3,626	3,004	2,760	2,269	1,738	1,425	1,557
Total Debt	3,440	2,517	2,176	2,502	1,905	1,421	1,215	703	260	266
Total Long-Term Debt	3,440	2,517	2,176	2,502	1,905	1,421	1,215	703	260	266
Net Debt	3,306	2,404	2,120	2,340	1,597	998	1,054	568	86	-148
Capital Expenditures (CapEx)	187	278	368	567	586	651	684	450	257	260
Debt-free, Cash-free Net Working Capital (DFCFNWC)	764	399	177	138	-21	-95	-33	-28	-7.16	62
Debt-free Net Working Capital (DFNWC)	879	490	210	276	140	147	88	65	166	476
Net Working Capital (NWC)	879	490	210	276	140	147	88	65	166	476
Net Nonoperating Expense (NNE)	137	206	271	72	80	-254	38	-3.95	18	11
Net Nonoperating Obligations (NNO)	3,306	2,404	2,120	878	1,597	998	1,032	568	86	-148
Total Depreciation and Amortization (D&A)	273	223	402	251	210	210	168	101	68	54
Debt-free, Cash-free Net Working Capital to Revenue	44.02%	34.06%	24.94%	41.18%	-7.21%	-16.48%	-9.64%	-15.08%	-4.82%	45.39%
Debt-free Net Working Capital to Revenue	50.65%	41.81%	29.68%	82.36%	46.96%	25.42%	25.68%	35.07%	111.83%	348.53%
Net Working Capital to Revenue	50.65%	41.81%	29.68%	82.36%	46.96%	25.42%	25.68%	35.07%	111.83%	348.53%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.06	$0.00	($0.22)	($0.15)
Adjusted Weighted Average Basic Shares Outstanding	101.54M	99.91M	99.42M	106.97M	102.32M	102.29M	99.51M	90.13M	90.10M	79.75M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.06	$0.00	($0.22)	($0.15)
Adjusted Weighted Average Diluted Shares Outstanding	101.54M	100.43M	99.42M	106.97M	102.32M	102.34M	99.53M	90.13M	90.10M	79.75M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	($0.22)	($0.15)
Adjusted Weighted Average Basic & Diluted Shares Outstanding	102.55M	100.25M	99.73M	117.99M	101.86M	101.11M	100.40M	98.47M	90.12M	90.09M
Normalized Net Operating Profit after Tax (NOPAT)	155	250	110	-39	6.67	-27	27	-22	-18	-14
Normalized NOPAT Margin	8.91%	21.34%	15.53%	-11.52%	2.24%	-4.63%	7.94%	-11.93%	-12.08%	-9.96%
Pre Tax Income Margin	0.82%	15.72%	-14.87%	-11.84%	-14.57%	26.29%	-5.16%	-11.10%	-27.12%	-20.54%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.07	2.15	0.44	-10.78	-4.97	0.00	0.70	-9.72	-22.80	0.00
NOPAT to Interest Expense	0.61	2.78	0.31	-17.98	-3.46	0.00	0.40	-15.38	-15.52	0.00
EBIT Less CapEx to Interest Expense	0.28	0.43	-1.50	-184.88	-89.44	0.00	-11.43	-264.37	-201.09	0.00
NOPAT Less CapEx to Interest Expense	-0.17	1.06	-1.64	-192.09	-87.92	0.00	-11.74	-270.03	-193.81	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	1,777.70%	62.20%	-73.41%	-109.23%	-126.76%	55.53%	-704.18%	-431.64%	-248.85%	-284.94%
Augmented Payout Ratio	1,783.85%	62.20%	-73.41%	-109.23%	-126.76%	55.53%	-709.40%	-431.64%	-248.85%	-295.41%

This table displays calculated financial ratios and metrics derived from FTAI Aviation's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	53.69%	59.50%	60.01%	61.69%	11.61%	14.02%	26.36%	144.81%	219.24%	305.87%	145.23%
EBITDA Growth	71.33%	58.66%	52.98%	-164.68%	26.45%	-56.01%	105.48%	18.73%	313.30%	384.85%	18.59%
EBIT Growth	108.30%	82.43%	78.73%	-270.80%	29.87%	-36.97%	320.27%	101.10%	153.90%	368.36%	-57.78%
NOPAT Growth	51.46%	-26.48%	77.07%	-223.76%	20.89%	-18.10%	103.70%	653.50%	164.15%	499.84%	-5,900.25%
Net Income Growth	158.41%	-13.44%	109.36%	-501.57%	34.78%	341.63%	318.22%	460.99%	112.80%	125.34%	-140.67%
EPS Growth	180.65%	0.00%	130.30%	-591.30%	40.91%	450.00%	0.00%	0.00%	0.00%	117.24%	0.00%
Operating Cash Flow Growth	-7,426.38%	-442.20%	-16.24%	-756.15%	-100.89%	1,802.80%	81.61%	156.53%	1,912.32%	100.42%	-86.07%
Free Cash Flow Firm Growth	62.05%	-178.54%	-75.30%	-151.71%	-135.86%	-310.74%	-86.27%	287.23%	276.27%	-82.25%	73.26%
Invested Capital Growth	12.72%	31.32%	40.49%	34.23%	32.90%	20.58%	29.98%	-41.87%	-43.72%	6.84%	-51.48%
Revenue Q/Q Growth	0.65%	7.09%	5.00%	35.78%	4.46%	7.43%	6.11%	-6.28%	6.72%	19.07%	105.57%
EBITDA Q/Q Growth	9.23%	8.51%	336.81%	-161.04%	383.77%	4.63%	0.12%	19.34%	354.97%	388.75%	-42.15%
EBIT Q/Q Growth	12.97%	13.37%	193.31%	-274.30%	448.10%	11.07%	-10.82%	32.53%	476.18%	640.54%	-57.33%
NOPAT Q/Q Growth	-17.72%	8.99%	220.91%	-239.69%	204.45%	162.50%	-15.49%	36.45%	478.72%	111.84%	-12,557.46%
Net Income Q/Q Growth	-0.06%	18.46%	139.33%	-654.92%	-66.52%	186.54%	-24.56%	86.25%	9.69%	241.59%	-293.94%
EPS Q/Q Growth	0.00%	0.00%	133.63%	-829.03%	-71.82%	233.33%	-28.26%	109.09%	10.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	37.88%	-200.77%	122.15%	-54,187.25%	-102.82%	-75.33%	73.50%	-26.24%	5,927.57%	-97.65%	154.01%
Free Cash Flow Firm Q/Q Growth	64.95%	16.32%	9.43%	-42.85%	-17.27%	47.34%	-126.71%	-0.93%	1,194.75%	146.55%	73.15%
Invested Capital Q/Q Growth	-7.37%	5.68%	8.38%	6.24%	7.92%	13.07%	3.55%	5.18%	-2.09%	21.88%	-53.69%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	50.46%	48.33%	52.88%	53.59%	56.29%	56.76%	59.91%	61.90%	50.24%	53.24%	58.35%
EBITDA Margin	53.00%	48.84%	48.20%	-21.37%	47.55%	49.10%	50.42%	53.43%	41.96%	127.28%	31.01%
Operating Margin	30.07%	31.72%	32.05%	-36.65%	28.45%	28.09%	29.09%	34.66%	24.61%	83.84%	9.25%
EBIT Margin	38.82%	34.59%	32.67%	-36.77%	28.64%	30.24%	29.25%	34.81%	24.61%	54.70%	8.80%
Profit (Net Income) Margin	20.39%	20.54%	18.57%	-49.57%	12.13%	37.85%	14.19%	19.96%	10.04%	9.77%	-8.22%
Tax Burden Percent	81.75%	94.80%	92.19%	94.40%	87.67%	232.20%	91.77%	96.72%	93.55%	108.31%	-45,069.05%
Interest Burden Percent	64.26%	62.64%	61.64%	142.80%	48.30%	53.90%	52.86%	59.28%	43.61%	16.49%	0.21%
Effective Tax Rate	18.25%	5.20%	7.81%	0.00%	12.33%	-132.20%	8.23%	3.28%	6.45%	-8.31%	9,973.81%
Return on Invested Capital (ROIC)	15.86%	17.48%	16.68%	-13.66%	12.32%	32.37%	14.98%	11.99%	7.20%	31.06%	-170.48%
ROIC Less NNEP Spread (ROIC-NNEP)	15.12%	15.82%	14.74%	-17.90%	10.51%	28.58%	11.59%	10.56%	5.67%	16.24%	4.97%
Return on Net Nonoperating Assets (RNNOA)	419.72%	351.12%	363.90%	-556.46%	193.14%	662.17%	13.19%	70.53%	33.85%	42.58%	3.94%
Return on Equity (ROE)	435.57%	368.60%	380.58%	-570.13%	205.46%	694.54%	28.17%	82.51%	41.05%	73.64%	-166.55%
Cash Return on Invested Capital (CROIC)	-4.38%	-22.19%	-33.53%	-30.82%	-17.78%	0.42%	-14.82%	58.39%	57.88%	-3.78%	63.19%
Operating Return on Assets (OROA)	19.92%	17.14%	15.88%	-16.91%	12.29%	13.13%	14.24%	10.07%	6.22%	10.63%	1.32%
Return on Assets (ROA)	10.47%	10.18%	9.02%	-22.80%	5.20%	16.43%	6.91%	5.77%	2.54%	1.90%	-1.23%
Return on Common Equity (ROCE)	433.96%	367.44%	379.35%	-567.67%	204.47%	690.22%	28.16%	83.47%	41.36%	73.62%	-166.18%
Return on Equity Simple (ROE_SIMPLE)	252.17%	0.00%	20.75%	-29.58%	143.47%	0.00%	160.80%	101.19%	63.73%	0.00%	-19.22%
Net Operating Profit after Tax (NOPAT)	123	150	138	-114	81	204	78	92	67	249	-2,103
NOPAT Margin	24.58%	30.07%	29.54%	-25.66%	24.94%	65.23%	26.70%	33.52%	23.02%	90.81%	-912.91%
Net Nonoperating Expense Percent (NNEP)	0.74%	1.67%	1.94%	4.24%	1.81%	3.79%	3.39%	1.43%	1.53%	14.83%	-175.45%
Return On Investment Capital (ROIC_SIMPLE)	3.36%	4.26%	-	-	-	7.57%	-	-	-	11.35%	-
Cost of Revenue to Revenue	49.54%	51.67%	47.12%	46.41%	43.71%	43.24%	40.09%	38.10%	49.76%	46.76%	41.65%
SG&A Expenses to Revenue	7.08%	7.65%	6.63%	8.03%	10.38%	11.92%	14.25%	12.23%	10.11%	10.93%	13.35%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.40%	16.62%	20.83%	90.25%	27.84%	28.67%	30.81%	27.24%	25.62%	-30.60%	49.10%
Earnings before Interest and Taxes (EBIT)	195	173	152	-163	94	95	85	95	72	150	20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	266	244	225	-95	155	154	147	147	123	349	71
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	402.84	181.80	114.76	149.10	38.13	26.19	36.80	33.92	36.68	85.79	0.92
Price to Tangible Book Value (P/TBV)	0.00	0.00	278.14	457.08	53.67	38.24	65.56	66.79	96.78	0.00	0.93
Price to Revenue (P/Rev)	5.96	8.51	8.77	7.53	5.60	3.92	3.07	2.87	2.97	2.29	3.27
Price to Earnings (P/E)	428.41	0.00	0.00	0.00	30.57	21.64	28.51	46.53	86.51	0.00	0.00
Dividend Yield	1.08%	0.83%	0.90%	1.16%	1.78%	2.62%	4.30%	4.96%	5.57%	9.14%	8.37%
Earnings Yield	0.23%	0.00%	0.00%	0.00%	3.27%	4.62%	3.51%	2.15%	1.16%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	4.74	5.34	5.20	4.48	3.36	2.71	2.48	2.36	2.25	1.75	0.91
Enterprise Value to Revenue (EV/Rev)	7.79	10.42	10.76	9.63	7.76	5.97	5.00	4.84	5.19	5.28	3.20
Enterprise Value to EBITDA (EV/EBITDA)	23.28	34.19	60.19	66.45	21.23	12.27	12.78	14.11	13.70	7.69	7.66
Enterprise Value to EBIT (EV/EBIT)	41.75	70.84	1,068.79	0.00	45.15	20.14	24.26	30.79	39.14	44.47	0.00
Enterprise Value to NOPAT (EV/NOPAT)	66.35	124.05	4,078.05	0.00	36.61	15.54	24.94	31.89	84.04	63.68	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	103.99	54.21	48.26	54.57	292.97	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	711.02	0.00	2.97	2.80	0.00	0.94
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	128.56	42.28	27.15	44.24	15.17	14.31	23.98	23.80	28.34	112.14	0.00
Long-Term Debt to Equity	128.56	42.28	27.15	44.24	15.17	14.31	23.98	23.80	28.34	112.14	0.00
Financial Leverage	27.76	22.20	24.69	31.08	18.38	23.17	1.14	6.68	5.97	2.62	0.79
Leverage Ratio	36.15	27.22	29.84	37.14	22.31	27.62	2.46	9.49	8.62	6.38	2.24
Compound Leverage Factor	23.23	17.05	18.39	53.03	10.78	14.89	1.30	5.63	3.76	1.05	0.00
Debt to Total Capital	99.23%	97.69%	96.45%	97.79%	93.81%	93.47%	96.00%	95.97%	96.59%	99.12%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	99.23%	97.69%	96.45%	97.79%	93.81%	93.47%	96.00%	95.97%	96.59%	99.12%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.00%
Common Equity to Total Capital	0.77%	2.31%	3.55%	2.21%	6.16%	6.50%	3.98%	4.01%	3.38%	0.86%	100.00%
Debt to EBITDA	5.70	6.51	11.62	15.45	6.11	4.42	5.14	5.91	6.10	4.47	0.00
Net Debt to EBITDA	5.47	6.25	11.15	14.50	5.92	4.22	4.93	5.74	5.86	4.36	0.00
Long-Term Debt to EBITDA	5.70	6.51	11.62	15.45	6.11	4.42	5.14	5.91	6.10	4.47	0.00
Debt to NOPAT	16.24	23.61	787.27	-74.84	10.54	5.59	10.04	13.35	37.41	37.04	0.00
Net Debt to NOPAT	15.60	22.69	755.14	-70.23	10.20	5.34	9.63	12.97	35.96	36.10	0.00
Long-Term Debt to NOPAT	16.24	23.61	787.27	-74.84	10.54	5.59	10.04	13.35	37.41	37.04	0.00
Altman Z-Score	2.61	3.05	2.92	2.17	1.96	1.65	1.40	1.33	1.12	0.81	5.28
Noncontrolling Interest Sharing Ratio	0.37%	0.31%	0.32%	0.43%	0.48%	0.62%	0.03%	-1.16%	-0.77%	0.03%	0.22%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.95	3.53	3.91	5.41	3.94	3.69	4.01	5.15	3.69	3.43	5.19
Quick Ratio	0.71	0.77	1.41	2.51	1.46	1.13	1.48	2.24	1.85	1.54	2.23
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-231	-658	-786	-868	-608	-236	-449	1,679	1,695	112	-241
Operating Cash Flow to CapEx	-67.22%	-39.86%	0.00%	0.00%	-0.23%	9.17%	54.89%	36.02%	0.00%	0.00%	13.29%
Free Cash Flow to Firm to Interest Expense	-3.72	-10.27	-13.57	-12.56	-12.74	-5.41	-11.16	43.61	43.13	0.00	-12.12
Operating Cash Flow to Interest Expense	-0.42	-0.65	0.72	-2.71	-0.01	0.28	1.23	0.74	0.98	0.00	1.37
Operating Cash Flow Less CapEx to Interest Expense	-1.04	-2.29	1.11	-2.06	-3.15	-2.77	-1.01	-1.32	1.61	0.00	-8.96
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.51	0.50	0.49	0.46	0.43	0.43	0.49	0.29	0.25	0.19	0.15
Accounts Receivable Turnover	10.59	13.05	11.30	0.00	9.60	10.91	11.88	0.00	0.00	6.31	3.48
Inventory Turnover	1.88	1.90	1.84	1.98	1.86	2.09	2.28	0.00	0.00	1.88	0.00
Fixed Asset Turnover	25.11	22.73	26.46	60.80	43.38	42.43	0.00	1.30	1.14	0.00	0.00
Accounts Payable Turnover	7.45	14.92	4.61	5.76	4.09	7.84	7.31	2.85	2.60	2.86	1.07
Days Sales Outstanding (DSO)	34.48	27.98	32.31	0.00	38.01	33.45	30.73	0.00	0.00	57.80	104.97
Days Inventory Outstanding (DIO)	194.02	191.76	198.70	183.94	196.75	174.57	160.27	0.00	0.00	193.96	0.00
Days Payable Outstanding (DPO)	48.97	24.46	79.20	63.35	89.31	46.54	49.96	128.09	140.40	127.47	339.92
Cash Conversion Cycle (CCC)	179.53	195.28	151.81	120.59	145.46	161.48	141.04	-128.09	-140.40	124.29	-234.96
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,138	3,388	3,206	2,958	2,784	2,580	2,282	2,203	2,095	2,140	1,755
Invested Capital Turnover	0.65	0.58	0.56	0.53	0.49	0.50	0.56	0.36	0.31	0.34	0.19
Increase / (Decrease) in Invested Capital	354	808	924	754	689	440	526	-1,587	-1,627	137	-1,862
Enterprise Value (EV)	14,885	18,078	16,671	13,237	9,353	6,992	5,666	5,192	4,722	3,740	1,603
Market Capitalization	11,386	14,771	13,584	10,348	6,746	4,588	3,478	3,079	2,700	1,620	1,641
Book Value per Share	$0.28	$0.79	$1.16	$0.69	$1.76	$1.75	$0.95	$0.91	$0.74	$0.19	$18.04
Tangible Book Value per Share	($0.48)	($0.21)	$0.48	$0.23	$1.25	$1.20	$0.53	$0.46	$0.28	($0.23)	$17.75
Total Capital	3,671	3,522	3,337	3,147	2,871	2,693	2,374	2,264	2,176	2,195	1,793
Total Debt	3,643	3,440	3,218	3,078	2,694	2,517	2,279	2,173	2,102	2,176	0.00
Total Long-Term Debt	3,643	3,440	3,218	3,078	2,694	2,517	2,279	2,173	2,102	2,176	0.00
Net Debt	3,499	3,306	3,087	2,888	2,606	2,404	2,187	2,112	2,021	2,120	-38
Capital Expenditures (CapEx)	39	105	-23	-45	150	133	90	79	-25	-126	205
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,284	764	461	399	344	399	274	270	201	177	189
Debt-free Net Working Capital (DFNWC)	1,396	879	573	568	409	490	327	331	282	210	227
Net Working Capital (NWC)	1,396	879	573	568	409	490	327	331	282	210	227
Net Nonoperating Expense (NNE)	21	48	51	106	42	86	36	37	38	222	-2,084
Net Nonoperating Obligations (NNO)	3,110	3,306	3,087	2,888	2,606	2,404	2,187	2,112	2,021	2,120	-38
Total Depreciation and Amortization (D&A)	71	71	72	68	62	59	62	51	51	199	51
Debt-free, Cash-free Net Working Capital to Revenue	67.21%	44.02%	29.74%	29.01%	28.52%	34.06%	24.20%	25.18%	22.13%	24.94%	37.64%
Debt-free Net Working Capital to Revenue	73.08%	50.65%	36.97%	41.34%	33.93%	41.81%	28.87%	30.86%	31.06%	29.68%	45.19%
Net Working Capital to Revenue	73.08%	50.65%	36.97%	41.34%	33.93%	41.81%	28.87%	30.86%	31.06%	29.68%	45.19%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.88	$0.00	$0.76	($2.26)	$0.31	$1.10	$0.00	$0.00	$0.00	$0.20	$0.00
Adjusted Weighted Average Basic Shares Outstanding	102.55M	101.54M	102.38M	100.96M	100.25M	99.91M	99.93M	99.73M	99.73M	99.42M	0.00
Adjusted Diluted Earnings per Share	$0.87	$0.00	$0.76	($2.26)	$0.31	$1.10	$0.00	$0.00	$0.00	$0.20	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	103.16M	101.54M	103.40M	100.96M	100.96M	100.43M	100.48M	100.46M	100.97M	99.42M	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$1.10	$0.00	$0.00	$0.00	$0.20	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	102.56M	102.55M	102.55M	102.21M	100.25M	100.25M	100.24M	99.74M	99.73M	99.73M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	129	158	146	-108	88	66	82	95	72	171	20
Normalized NOPAT Margin	25.77%	31.73%	31.39%	-24.39%	26.86%	20.99%	28.04%	34.46%	24.46%	62.24%	8.70%
Pre Tax Income Margin	24.95%	21.66%	20.14%	-52.50%	13.83%	16.30%	15.46%	20.63%	10.73%	9.02%	0.02%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.14	2.69	2.63	-2.36	1.96	2.17	2.12	2.48	1.83	0.00	1.02
NOPAT to Interest Expense	1.99	2.34	2.38	-1.65	1.71	4.67	1.93	2.39	1.72	0.00	-105.89
EBIT Less CapEx to Interest Expense	2.52	1.06	3.02	-1.71	-1.18	-0.89	-0.13	0.42	2.46	0.00	-9.31
NOPAT Less CapEx to Interest Expense	1.37	0.70	2.77	-1.00	-1.43	1.62	-0.31	0.33	2.34	0.00	-116.22
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	213.89%	1,777.70%	629.28%	-748.37%	60.36%	62.20%	98.46%	164.36%	324.94%	-73.41%	-33.88%
Augmented Payout Ratio	213.89%	1,783.85%	629.28%	-748.37%	60.36%	62.20%	98.46%	164.36%	324.94%	-73.41%	-33.88%

Frequently Asked Questions About FTAI Aviation's Financials

When does FTAI Aviation's financial year end?

According to the most recent income statement we have on file, FTAI Aviation's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has FTAI Aviation's net income changed over the last 9 years?

FTAI Aviation's net income appears to be on a downward trend, with a most recent value of $8.68 million in 2024, falling from -$28.63 million in 2015. The previous period was $243.82 million in 2023. Check out FTAI Aviation's forecast to explore projected trends and price targets.

What is FTAI Aviation's operating income?

FTAI Aviation's total operating income in 2024 was $237.83 million, based on the following breakdown:

Total Gross Profit: $909.02 million
Total Operating Expenses: $671.19 million

How has FTAI Aviation revenue changed over the last 9 years?

Over the last 9 years, FTAI Aviation's total revenue changed from $136.57 million in 2015 to $1.73 billion in 2024, a change of 1,170.4%.

How much debt does FTAI Aviation have?

FTAI Aviation's total liabilities were at $3.96 billion at the end of 2024, a 41.9% increase from 2023, and a 1,017.3% increase since 2015.

How much cash does FTAI Aviation have?

In the past 9 years, FTAI Aviation's cash and equivalents has ranged from $33.57 million in 2022 to $381.70 million in 2015, and is currently $115.12 million as of their latest financial filing in 2024.

How has FTAI Aviation's book value per share changed over the last 9 years?

Over the last 9 years, FTAI Aviation's book value per share changed from 15.40 in 2015 to 0.79 in 2024, a change of -94.9%.

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This page (NYSE:FTAI) was last updated on 5/21/2025 by MarketBeat.com Staff

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FTAI Aviation (FTAI) Financials

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