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What this page is: Delvantic's full research page for FTAI Aviation Ltd. (FTAI) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
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profile-header/price-overview— company profile, live quote, market capextended-analysis— the core: three AI lens reads with findings, scores, and the analyst memofuture-predictions— our forward price-band predictionsmarket-narrative/ai-findings/gpt-critique— narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)- Members-only sections (render as login gates for anonymous readers):
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FTAI Aviation Ltd.
FTAI NASDAQ
Industrials · Aerospace & Defense
New York, NY 10014, United States
ftaiaviation.com
Price
$189.30
Market Cap
$19.5B
Employees
985
Beta
1.58
Avg Volume
1,577,572
Last Dividend
$1.70
CEO
Mr. Joseph P. Adams Jr.
FTAI Aviation Ltd. is an aerospace and aviation services company that provides engine maintenance, leasing, and asset management solutions for commercial aviation. FTAI Aviation focuses on widely used CFM56 and V2500 aircraft engines, supporting airlines, lessors, and maintenance organizations with repair, refurbishment, exchange, and aftermarket component services. Its operations are organized around Aviation Leasing and Aerospace Products, combining ownership and leasing of aircraft and engines with manufacturing and servicing capabilities. The company also develops and supplies parts, modules, and other engine-related products designed to improve maintenance efficiency and extend asset value. Through its global network of facilities and partnerships, FTAI Aviation plays a specialized role in the commercial aviation market by supplying critical engine and leasing services that support fleet reliability and operational continuity.
Runs with full report
Price Overview
Price at report time
$189.30
as of Sep 1, 12:39pm (20d ago)
Change · Sep 1
-0.81 (-0.42%)
Day Range
$187.48 – $191.74
52-Week Range
$147.98 – $323.51
50-Day MA
$220.43
200-Day MA
$233.98
Volume
32,866.00
Right now · live
Log in to get the live feed
Members see the real-time price and the move since this report (over 20d).
Share Structure
Outstanding
102,625,424.00
Float
101,503,364.00
Free Float
98.9%
High free float
— 98.9% of shares trade freely, ~1.1% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
TD Twelve Data statement
HEX SEC filing
P/E · trailing (TTM) (Price per dollar of earnings over the past year — not a run-rate or forward P/E)
HEXStock Price / EPS (Diluted)
41.15
Stock Price: $189.30
EPS (Diluted): 4.60
EPS (Diluted): 4.60
P/B Ratio (Price vs net asset value)
HEXStock Price / Book Value Per Share
58.82
Stock Price: $189.30
Total Equity: $334.17M
Shares: 103,846,914
Total Equity: $334.17M
Shares: 103,846,914
EV/EBITDA (Total value vs operating profit)
HEXEnterprise Value / EBITDA
23.33
Market Cap: $19.52B
Total Debt: $3.45B
Cash: $300.48M
EBITDA: $967.08M
Total Debt: $3.45B
Cash: $300.48M
EBITDA: $967.08M
Enterprise Value (Takeover price (cap + debt - cash))
HEXMarket Cap + Total Debt - Cash
$22.6B
Market Cap: $19.52B
Total Debt: $3.45B
Cash: $300.48M
Total Debt: $3.45B
Cash: $300.48M
Gross Margin (Revenue left after direct costs)
HEXGross Profit / Revenue
46.2%
Gross Profit: $1.16B
Revenue: $2.51B
Revenue: $2.51B
Operating Margin (Revenue left after all operations)
HEXOperating Income / Revenue
29.6%
Operating Income: $741.29M
Revenue: $2.51B
Revenue: $2.51B
Net Margin (Revenue left as actual profit)
HEXNet Income / Revenue
20.0%
Net Income: $501.06M
Revenue: $2.51B
Revenue: $2.51B
ROE (Profit from shareholder equity)
HEXNet Income / Total Equity
149.9%
Net Income: $501.06M
Total Equity: $334.17M
Total Equity: $334.17M
ROIC (Profit from all invested capital)
HEXNOPAT / Invested Capital
17.6%
Operating Income: $741.29M
Tax Rate: 17.4%
Equity: $334.17M
Total Debt: $3.45B
Cash: $300.48M
Tax Rate: 17.4%
Equity: $334.17M
Total Debt: $3.45B
Cash: $300.48M
Current Ratio (Can it pay short-term bills)
HEXCurrent Assets / Current Liabilities
5.28
Current Assets: $2.11B
Current Liabilities: $399.88M
Current Liabilities: $399.88M
Debt/Equity (Leverage — debt vs equity)
HEXTotal Debt / Total Equity
10.32
Short-Term Debt: $0.00
Long-Term Debt: $3.45B
Total Debt: $3.45B
Total Equity: $334.17M
Long-Term Debt: $3.45B
Total Debt: $3.45B
Total Equity: $334.17M
Rev/Share (Top-line per share)
HEXRevenue / Shares Outstanding
$24.15
Revenue: $2.51B
Shares: 103,846,914
Shares: 103,846,914
Book Value/Share (Net assets per share)
HEX(Total Assets - Total Liabilities) / Shares
$3.22
Total Equity: $334.17M
Shares: 103,846,914
Shares: 103,846,914
FCF/Share (Real cash generated per share)
HEX(Operating Cash Flow + CapEx) / Shares
$-3.26
Operating CF: -$310.75M
CapEx: -$27.71M
Shares: 103,846,914
CapEx: -$27.71M
Shares: 103,846,914
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TDLast Annual Dividend / Stock Price
0.9%
Last Dividend: $1.70
Stock Price: $189.30
Stock Price: $189.30
Payout Ratio (Earnings paid out as dividends)
HEXDividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $501.06M
Net Income: $501.06M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares FTAI against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Income Statement (Annual)
Last updated: Sep 1, 2026 12:42pm (20d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $455.8M | $708.4M | $1.2B | $1.7B | $2.5B |
| Cost of Revenue | $14.3M | $248.4M | $502.1M | $825.9M | $1.3B |
| Gross Profit | $441.5M | $460.0M | $668.8M | $909.0M | $1.2B |
| Operating Expenses | $597.1M | $622.5M | $490.7M | $671.2M | $416.4M |
| Operating Income | -$155.6M | -$162.5M | $178.0M | $237.8M | $741.3M |
| Net Income | -$130.7M | -$212.0M | $243.8M | $8.7M | $501.1M |
| EBITDA | $46.2M | -$9.6M | $347.9M | $455.9M | $967.1M |
| EPS | $-1.45 | $-2.13 | $2.12 | $-0.32 | $4.66 |
| EPS (Diluted) | $-1.45 | $-2.13 | $2.11 | $-0.32 | $4.60 |
Balance Sheet (Annual)
Last updated: Sep 1, 2026 12:39pm (20d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $188.1M | $33.6M | $90.8M | $115.1M | $300.5M |
| Total Current Assets | — | — | $671.4M | $1.2B | $2.1B |
| Total Assets | $4.9B | $2.4B | $3.0B | $4.0B | $4.4B |
| Current Liabilities | — | — | $181.8M | $347.2M | $399.9M |
| Long-Term Debt | $3.1B | $2.2B | $2.5B | $3.4B | $3.4B |
| Total Liabilities | $3.7B | $2.4B | $2.8B | $4.0B | $4.0B |
| Total Equity | $1.1B | $19.4M | $175.9M | $81.4M | $334.2M |
| Retained Earnings | -$132.4M | -$325.6M | -$81.8M | -$73.1M | $282.5M |
Cash Flow (Annual)
Last updated: Sep 1, 2026 12:48pm (20d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$22.0M | -$20.7M | $129.0M | -$188.0M | -$310.7M |
| Capital Expenditure | -$157.3M | -$144.2M | -$6.1M | -$9.2M | -$27.7M |
| Free Cash Flow | -$179.4M | -$164.9M | $122.8M | -$197.2M | -$338.5M |
| Acquisitions (net) | -$627.1M | -$3.8M | -$29.6M | -$147.6M | -$49.1M |
| Net Debt Issued / (Repaid) | $1.3B | -$330.5M | $346.7M | $909.5M | $0 |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | — | — | — | — | — |
| Net Change in Cash | $278.6M | -$387.0M | $37.8M | $24.4M | $185.4M |
Growth Trends (YoY %)
Last updated: Sep 1, 2026 12:42pm (20d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +55.4% | +65.3% | +48.2% | +44.5% |
| Gross Profit Growth | +4.2% | +45.4% | +35.9% | +27.4% |
| Operating Income Growth | -4.4% | +209.6% | +33.6% | +211.7% |
| Net Income Growth | -62.2% | +215.0% | -96.4% | +5,671.3% |
| EBITDA Growth | -120.8% | +3,730.1% | +31.0% | +112.1% |
Dividend History (Last 20)
Last updated: Sep 1, 2026 12:39pm (20d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-08-12 | $0.50 | — | — | — |
| 2026-05-13 | $0.45 | — | — | — |
| 2026-03-13 | $0.40 | — | — | — |
| 2025-11-10 | $0.35 | — | — | — |
| 2025-08-12 | $0.30 | — | — | — |
| 2025-05-16 | $0.30 | — | — | — |
| 2025-03-14 | $0.30 | — | — | — |
| 2024-11-14 | $0.30 | — | — | — |
| 2024-08-12 | $0.30 | — | — | — |
| 2024-05-09 | $0.30 | — | — | — |
| 2024-03-07 | $0.30 | — | — | — |
| 2023-11-13 | $0.30 | — | — | — |
| 2023-08-11 | $0.30 | — | — | — |
| 2023-05-11 | $0.30 | — | — | — |
| 2023-03-09 | $0.30 | — | — | — |
| 2022-11-10 | $0.30 | — | — | — |
| 2022-08-12 | $0.33 | — | — | — |
| 2022-05-12 | $0.28 | — | — | — |
| 2022-03-10 | $0.28 | — | — | — |
| 2021-11-12 | $0.28 | — | — | — |
Deep Analysis
0Company Classification
1Industry Landscape
2Company Momentum
3Forward Projection
4aDCF Valuation
4bEarnings Power Value
4cAnchored PE
4dReverse DCF
4eRevenue-Based DCF
4fAnchored P/S
4gScenario Analysis
4hDividend Discount Model
4iBook Value Analysis
4jInsider Activity
4fCash Flow Quality
4gDebt Maturity Risk
4hMacro Environment
4iSector Intelligence
4jRevenue Confidence
4kSensitivity Analysis
4lSector Demand Cycle
5AI Investigation
5bThesis Evaluation
6Valuation Synthesis
computed
not applicable
not yet run 0 computed · 6 not applicable · 18 not yet run
Risk : Reward — upside vs downside from this company's own quarters
Not computed yet
Why there is no ratio: Risk:reward has not been computed for this name yet — its report predates the mechanical valuation chain. It is added, at $0, the next time a report or the nightly touches this ticker.
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for FTAI — it's generated by the pipeline (
market-narrative step).
Claude Reading
No AI findings yet for FTAI — they're generated by the
pipeline (
ai-findings step) when a report is run on this ticker.
GPT Reading
Skipped in the Qwen lane lane by design —
the GPT seat runs only in the full report.
Grok Reading
Skipped in the Qwen lane lane by design —
the Grok seat runs only in the full report.
Advanced Analysis Forensic deep-dive · separate lenses
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My Notes
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v1.1.649 · 98cdb3a7 · 2026-09-22 09:29:52