FTAI
Links aircraft and engine leasing with modular commercial-engine repair and aftermarket products.
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Profile
Owns and manages aircraft and engines through Aviation Leasing while Aerospace Products develops, repairs, refurbishes, and sells CFM56 and V2500 engines, modules, and aftermarket parts. A modular maintenance network in North America and Europe links leased assets with engine exchange and repair capacity.
Owns and manages aircraft and engines through Aviation Leasing, while Aerospace Products develops, repairs, refurbishes, and sells commercial-jet engines, modules, and aftermarket components. The platform focuses on the CFM56 and V2500 families.
Links leased assets with an aftermarket network: portfolio engines and modules can feed exchange, repair, and refurbishment work. Modular shop visits through the Module Factory are designed to replace or repair sections rather than require a single full-engine overhaul. Maintenance operations span North America and Europe.
Uses institutional capital through the Strategic Capital Initiative to fund on-lease aircraft, alongside assets held directly. Operations depend on engine availability, long-term airline demand, maintenance execution, exclusive licenses and agreements, and aviation rules and sanctions.
Company facts
Categories
Key statistics
Year to date −7.3% · Average volume (30d) 1.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 21, 2026 | Morgan Stanley | Reiterate | Overweight | $319 | $360 |
| Aug 2, 2026 | Jefferies | Reiterate | Buy | $400 | $325 |
| Jul 31, 2026 | Deutsche Bank | Target | $160 | $290 | |
| May 8, 2026 | Morgan Stanley | Target | $266 | $319 | |
| May 3, 2026 | Jefferies | Target | $350 | $400 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $1.38 | $1.13 | −18.1% | $895.3M | $953.1M | +6.5% | +0.07% |
| Apr 29, 2026Q1 FY26 | $1.50 | $1.29 | −14.0% | $749.8M | $830.7M | +10.8% | +17.16% |
| Feb 25, 2026Q4 FY25 | $1.24 | $1.08 | −12.9% | $693.1M | $662.0M | −4.5% | +2.65% |
| Oct 27, 2025Q3 FY25 | $1.21 | $1.10 | −9.1% | $658.8M | $667.1M | +1.3% | −3.08% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $502.1M | $676.2M | $667.1M | $662.0M | $830.7M | $953.1M | |
| Gross profit | $193.8M | $251.7M | $248.9M | $190.8M | $189.2M | $317.3M | |
| Operating income | $158.3M | $215.0M | $207.9M | $188.7M | $186.7M | $249.7M | |
| Net income | $102.4M | $165.4M | $117.7M | $115.6M | $137.9M | $125.1M | |
| Diluted EPS | $0.87 | $1.57 | $1.10 | $1.08 | $1.29 | $1.13 | |
| Gross margin | 38.6% | 37.2% | 37.3% | 28.8% | 22.8% | 33.3% | |
| Operating margin | 31.5% | 31.8% | 31.2% | 28.5% | 22.5% | 26.2% |
Fiscal years (4-quarter sums)FY21 $374.7M · FY22 $722.3M · FY23 $1.19B · FY24 $1.75B · FY25 $2.51B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $337.2M · Total debt $3.45B · Total assets $4.49B · Shareholders' equity $404.0M
Dividends
Raised for 9 straight years — most recently to $0.50 from $0.45 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 12, 2026 | Aug 12 | Aug 24 | $0.50 | raised from $0.45 |
| May 13, 2026 | May 13 | May 26 | $0.45 | raised from $0.40 |
| Mar 13, 2026 | Mar 13 | Mar 23 | $0.40 | raised from $0.35 |
| Nov 10, 2025 | Nov 10 | Nov 19 | $0.35 | raised from $0.30 |
| Aug 12, 2025 | Aug 12 | Aug 19 | $0.30 | |
| May 16, 2025 | May 16 | May 23 | $0.30 | |
| Mar 14, 2025 | Mar 14 | Mar 24 | $0.30 | |
| Nov 14, 2024 | Nov 14 | Nov 25 | $0.30 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 102.58M · Float 101.43M · 98.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Capital International Investors | 12.38M | 12.07% | 13F | Aug 12, 2026 |
| Capital World Investors | 11.41M | 11.13% | 13F | Aug 12, 2026 |
| BlackRock, Inc. | 8.56M | 8.34% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 4.63M | 4.52% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 4.07M | 3.97% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 31, 2026 | David Moreno | officer: President | +2,475 | $201.27 |
| May 27, 2026 | Judith A. Hannaway | director | −255 | $253.89 |
| May 4, 2026 | Martin Tuchman | director | −110,676 | $241.47 |
| May 1, 2026 | Martin Tuchman | director | −143,584 | $242.44 |
| Feb 27, 2026 | Paul R. Goodwin | director | −10,000 | $303.35 |
Peers
- Willis Lease Finance
Closest public peer in engine leasing, services, and asset management
- GE Aerospace
OEM-linked CFM56 overhaul and parts rival across the engine aftermarket
- StandardAero
Independent engine MRO rival with a large CFM56 repair network
- AerCap
Scale rival in aircraft and spare-engine leasing and third-party management
- RTX
V2500 OEM and MRO-network rival in maintenance and aftermarket parts
- HEICO
PMA-parts and component-repair rival in the commercial engine aftermarket
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| FTAI | $195.10 | +0.08% | $20.00B | 42.4 | 21.1 | 6.4 | +40.9% |
| Willis Lease Finance | $53.42 | −0.11% | $3.83B | 24.3 | 8.7 | 5.0 | −0.8% |
| GE Aerospace | $343.00 | +0.11% | $355.45B | 40.4 | 40.7 | 7.0 | +14.6% |
| StandardAero | $26.00 | +4.00% | $8.32B | 25.8 | 17.0 | 1.3 | +4.6% |
| AerCap | $147.70 | +0.18% | $23.26B | 7.3 | 8.7 | 2.8 | +14.9% |
| RTX | $212.00 | +0.13% | $285.33B | 37.3 | 28.8 | 3.1 | +14.5% |
| HEICO | $336.53 | −0.01% | $46.89B | 56.1 | 50.6 | 9.1 | +23.1% |
| Median | 31.5 | 22.9 | 4.0 | +14.6% |