FTAI Aviation Ltd. (FTAI) Key Metrics
FTAI valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $16.89B
- Enterprise value
- $22.22B
- P/E (TTM)
- 35.8 10-yr median 30.0
- Forward P/E
- 13.5
- PEG ratio
- 3.22
- Price / sales
- 5.4 10-yr median 5.1
- Price / book
- 47.3 10-yr median 1.8
- EV / EBITDA
- 20.4 10-yr median 19.2
- Dividend yield
- 1.22% $2.00 a year
- Beta
- 1.57
FTAI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsFTAI valuation Price multiples at each fiscal year-end price.
FTAI returns How much profit the business earns on the capital it uses.
FTAI per-share figures Results divided by the shares outstanding at year-end.
FTAI financial health Debt, liquidity and how easily interest is covered.
FTAI efficiency & capital use Working capital cycle and where the cash goes.
FTAI valuation history
FTAI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FTAI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FTAI cash returned to shareholders
FTAI price vs earnings per share
FTAI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $20.44B | $14.63B | $4.66B | $1.70B | $2.22B | $1.72B | $1.44B | $1.02B | $1.29B | $860.2M |
| Enterprise value | $23.59B | $17.95B | $7.09B | $3.82B | $5.35B | $3.53B | $2.65B | $2.21B | $1.99B | $1.11B |
| P/E ratio | 40.8 | — | 19.1 | — | — | — | 6.4 | 174.2 | — | — |
| Price / sales | 8.2 | 8.4 | 3.9 | 2.4 | 6.6 | 4.7 | 2.4 | 2.9 | 5.8 | 5.6 |
| Price / book | 61.2 | 179.7 | 26.6 | 90.2 | 2.0 | 1.6 | 1.1 | 1.0 | 1.2 | 0.7 |
| Price / operating cash flow | — | — | 36.1 | — | — | 27.3 | 9.5 | 7.7 | 18.8 | 27.8 |
| EV / sales | 9.4 | 10.3 | 6.0 | 5.3 | 16.0 | 9.5 | 4.5 | 6.3 | 8.9 | 7.2 |
| EV / EBITDA | 21.8 | 38.2 | 13.4 | 16.6 | 20.4 | 21.6 | 6.3 | 12.2 | 18.0 | 25.0 |
| Earnings yield | 2.5% | 0.1% | 5.2% | −11.4% | −4.7% | −5.1% | 15.7% | 0.6% | 0.0% | −2.3% |
| Free cash flow yield | −5.2% | −9.2% | −13.9% | −49.0% | −35.6% | −30.9% | −52.2% | −60.1% | −38.4% | −28.5% |
| Dividend yield | 0.7% | 1.1% | 3.3% | 9.1% | 6.4% | 7.6% | 8.0% | 10.8% | 7.8% | 11.6% |
| Shareholder yield (dividends + buybacks) | 1.3% | 1.8% | 3.3% | 9.1% | 6.4% | 7.6% | 8.0% | 10.8% | 7.8% | 11.6% |
| Share price at fiscal year-end | $196.85 | $144.04 | $46.40 | $17.12 | $24.70 | $20.03 | $16.69 | $12.25 | $17.02 | $11.36 |
| Per share | ||||||||||
| Revenue per share | $24.15 | $17.24 | $11.81 | $7.27 | $3.73 | $4.30 | $6.81 | $4.19 | $2.93 | $2.03 |
| Earnings per share | $4.83 | $0.09 | $2.43 | −$1.94 | −$1.16 | −$1.03 | $2.62 | $0.07 | $0.00 | −$0.26 |
| Operating cash flow per share | −$2.99 | −$1.85 | $1.28 | −$0.21 | −$0.25 | $0.73 | $1.76 | $1.60 | $0.90 | $0.41 |
| Free cash flow per share | −$10.24 | −$13.24 | −$6.45 | −$8.39 | −$8.78 | −$6.18 | −$8.71 | −$7.36 | −$6.54 | −$3.24 |
| Cash per share | $2.89 | $1.13 | $0.91 | $0.53 | $2.09 | $1.88 | $2.82 | $1.19 | $0.78 | $1.13 |
| Book value per share | $3.22 | $0.80 | $1.75 | $0.19 | $12.50 | $12.52 | $15.13 | $12.60 | $13.66 | $15.39 |
| Tangible book value per share | $2.12 | −$0.22 | $1.20 | −$2.82 | $8.54 | $10.87 | $13.39 | $10.74 | $11.59 | $13.34 |
| Dividends per share | $1.40 | $1.52 | $1.51 | $1.57 | $1.59 | $1.53 | $1.34 | $1.32 | $1.32 | $1.32 |
| Capex per share | $7.25 | $11.39 | $7.74 | $8.18 | $8.54 | $6.91 | $10.47 | $8.96 | $7.45 | $3.65 |
| Debt per share | $33.21 | $33.88 | $25.07 | $21.88 | $36.93 | $22.87 | $16.95 | $15.36 | $9.99 | $4.40 |
| Shares outstanding | 103.8M | 101.5M | 100.4M | 99.4M | 89.9M | 86.0M | 86.0M | 83.7M | 75.8M | 75.7M |
| Change in shares outstanding | +2.3% | +1.1% | +1.0% | +10.6% | +4.5% | −0.0% | +2.8% | +10.4% | +0.0% | +13.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 241.2% | 6.8% | 251.1% | −33.8% | −9.5% | −7.4% | 19.1% | 0.6% | 0.0% | −1.6% |
| Return on invested capital (ROIC) | 18.5% | 11.3% | 15.1% | 3.9% | 2.2% | 1.4% | 2.4% | 1.5% | 0.3% | −0.4% |
| Return on assets (ROA) | 11.9% | 0.2% | 9.0% | −5.3% | −2.5% | −2.7% | 7.7% | 0.3% | 0.0% | −1.3% |
| Return on tangible assets | 11.8% | 0.2% | 8.4% | −9.0% | −2.3% | −2.7% | 7.3% | 0.2% | 0.0% | −1.4% |
| Free cash flow margin | −42.4% | −76.8% | −54.6% | −115.5% | −235.3% | −143.6% | −127.9% | −175.6% | −222.9% | −159.8% |
| Income quality (OCF / net income) | −0.62 | −21.65 | 0.53 | — | — | — | 0.67 | 22.73 | 511.17 | — |
| Financial health | ||||||||||
| Total debt | $3.45B | $3.44B | $2.52B | $2.18B | $3.32B | $1.97B | $1.46B | $1.29B | $757.3M | $333.1M |
| Cash & short-term investments | $300.5M | $115.1M | $90.9M | $53.1M | $188.1M | $161.4M | $242.5M | $99.6M | $59.4M | $85.7M |
| Net debt | $3.15B | $3.33B | $2.43B | $2.12B | $3.13B | $1.81B | $1.22B | $1.19B | $697.9M | $247.4M |
| Debt / equity | 10.32 | 42.28 | 14.36 | 115.25 | 2.95 | 1.83 | 1.12 | 1.22 | 0.73 | 0.29 |
| Debt / assets | 0.79 | 0.85 | 0.85 | 0.89 | 0.68 | 0.58 | 0.45 | 0.49 | 0.39 | 0.22 |
| Net debt / EBITDA | 2.91 | 7.08 | 4.57 | 9.20 | 11.91 | 11.05 | 2.87 | 6.53 | 6.32 | 5.59 |
| Current ratio | 5.28 | 3.53 | 4.63 | 3.66 | 3.07 | 1.77 | 0.88 | 1.72 | 1.95 | 4.76 |
| Quick ratio | 2.30 | 1.94 | 1.83 | 1.76 | 2.54 | 1.36 | 0.84 | 1.63 | 1.82 | 4.76 |
| Interest coverage | 3.1 | 2.5 | 2.2 | 0.9 | 0.6 | 0.5 | 0.7 | 0.7 | 0.2 | -0.4 |
| Working capital | $1.71B | $878.8M | $409.8M | $229.7M | $420.2M | $110.2M | −$38.2M | $81.1M | $64.9M | $144.0M |
| Invested capital | $3.48B | $3.41B | $2.60B | $2.14B | $4.26B | $2.88B | $2.52B | $2.24B | $1.73B | $1.41B |
| Tangible asset value | $220.0M | −$21.9M | $120.7M | −$279.7M | $768.3M | $957.8M | $1.19B | $898.7M | $878.4M | $1.01B |
| Net current asset value | −$1.93B | −$2.73B | −$2.27B | −$2.11B | −$3.12B | −$2.04B | −$1.61B | −$1.39B | −$787.6M | −$199.4M |
| Graham number | $18.69 | $1.24 | $9.77 | — | — | — | $29.85 | $4.46 | $0.74 | — |
| Graham net-net per share | −$26.79 | −$32.54 | −$24.51 | −$22.33 | −$37.38 | −$23.59 | −$18.72 | −$17.04 | −$10.91 | −$3.60 |
| Capital allocation | ||||||||||
| Dividends paid | $145.4M | $154.3M | $151.6M | $155.6M | $142.8M | $131.4M | $115.4M | $110.6M | $100.1M | $100.0M |
| Share buybacks (net) | $124.2M | $105.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividend payout ratio | 29.0% | — | 62.2% | — | — | — | 51.3% | — | — | — |
| Capex / revenue | 30.0% | 66.1% | 65.5% | 112.6% | 228.7% | 160.6% | 153.7% | 213.7% | 253.7% | 179.9% |
| Capex / operating cash flow | — | — | 602.3% | — | — | 942.5% | 596.3% | 560.6% | 823.8% | 894.6% |
| Capex / depreciation | 3.33 | 5.30 | 4.20 | 3.53 | 3.34 | 2.93 | 4.47 | 4.60 | 5.85 | 4.21 |
| Stock-based compensation / revenue | 0.9% | 0.3% | 0.1% | 0.4% | 1.2% | 0.6% | 1.4% | 0.3% | 0.6% | −2.4% |
| SG&A / revenue | 0.4% | 0.8% | 3.2% | 2.0% | 5.2% | 4.9% | 3.5% | 4.9% | 6.6% | 8.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 60.4 | 48.4 | 33.0 | 71.3 | 149.3 | 69.6 | 38.0 | 58.7 | 58.6 | 152.1 |
| Days of inventory on hand | 184.3 | 135.1 | 110.9 | 98.9 | 144.6 | 47.0 | 10.1 | 12.6 | 8.7 | — |
| Days payables outstanding | 29.3 | 27.3 | 43.4 | 102.5 | 270.3 | 148.1 | 89.8 | 113.8 | 102.4 | 97.8 |
| Cash conversion cycle (days) | 215.4 | 156.1 | 100.4 | 67.7 | 23.5 | -31.6 | -41.8 | -42.5 | -35.0 | 54.3 |
| Receivables turnover | 6.05 | 7.55 | 11.05 | 5.12 | 2.45 | 5.25 | 9.62 | 6.22 | 6.23 | 2.40 |
| Payables turnover | 12.46 | 13.36 | 8.40 | 3.56 | 1.35 | 2.46 | 4.06 | 3.21 | 3.57 | 3.73 |
| Inventory turnover | 1.98 | 2.70 | 3.29 | 3.69 | 2.52 | 7.77 | 36.27 | 28.95 | 41.73 | — |
| Asset turnover | 0.60 | 0.50 | 0.44 | 0.20 | 0.08 | 0.11 | 0.20 | 0.15 | 0.13 | 0.10 |
| Average receivables | $414.7M | $231.9M | $107.3M | $141.1M | $137.2M | $70.6M | $60.9M | $56.4M | $35.7M | $64.0M |
| Average payables | $138.7M | $87.8M | $94.1M | $140.3M | $154.6M | $115.9M | $114.2M | $87.0M | $51.9M | $35.2M |
| Average inventory | $872.5M | $433.9M | $240.2M | $135.4M | $82.7M | $36.8M | $12.8M | $9.6M | $4.4M | $0 |
| Intangibles / total assets | 2.6% | 2.6% | 1.9% | 12.2% | 7.3% | 4.2% | 4.6% | 5.9% | 8.0% | 10.1% |
Computed from FTAI's annual financial statements (latest annual report filed February 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
FTAI valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), FTAI Aviation traded at 40.8 times earnings, against a 10-year median of 30.0. Based on the latest twelve months, the trailing P/E is 35.8 and the forward P/E is 13.5. FTAI Aviation earned a return on equity of 241.2% and a return on invested capital of 18.5% in fiscal 2025. It ended the year with $3.4 billion of debt and $300.5 million in cash and short-term investments, net debt of $3.1 billion. It returned $269.6 million to shareholders: $145.4 million in dividends and $124.2 million in share buybacks. The share count rose 37.1% from 75.7M to 103.8M over 9 years.
See the FTAI income statement, the FTAI chart for price history, or the FTAI stock overview for the latest quote and news.
FTAI key metrics FAQ
What is FTAI Aviation's P/E ratio?
FTAI Aviation's trailing P/E ratio is 35.8 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 13.5. At the end of fiscal 2025 it was 40.8, compared with a 10-year median of 30.0.
What is FTAI Aviation's EV/EBITDA?
FTAI Aviation's enterprise value was 21.8 times EBITDA at the end of fiscal 2025 (enterprise value $23.6 billion, EBITDA $1.1 billion); the current EV/EBITDA is 20.4.
What is FTAI Aviation's return on equity?
FTAI Aviation's return on equity (ROE) was 241.2% in fiscal 2025: net income of $501.1 million on average shareholders' equity of $207.8 million. ROE is high partly because years of buybacks have reduced equity on the balance sheet.
What is FTAI Aviation's ROIC?
FTAI Aviation's return on invested capital was 18.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does FTAI Aviation have?
FTAI Aviation had total debt of $3.4 billion at the end of fiscal 2025, a debt-to-equity ratio of 10.32 and $3.1 billion of net debt (2.91 times EBITDA).
What is FTAI Aviation's dividend yield?
FTAI Aviation's forward dividend yield is 1.22%. FTAI Aviation paid $145.4 million in dividends in fiscal 2025 ($1.40 per share), a payout ratio of 29.0%.
Does FTAI Aviation buy back its shares?
Yes. FTAI Aviation spent $124.2 million on net share repurchases in fiscal 2025 Shares outstanding changed +2.3% over the year, to 103.8M..
What is FTAI Aviation's free cash flow yield?
FTAI Aviation generated -$1.1 billion of free cash flow in fiscal 2025, a free cash flow yield of −5.2% on its market value at year-end ($20.4 billion).
What is FTAI Aviation's current ratio?
FTAI Aviation's current ratio was 5.28 at the end of fiscal 2025: current assets were 5.28 times current liabilities.