Is the business good?
How good a business is FTAI?
FTAI Aviation Ltd. earns 17% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
17%
Return on invested capital · cost of capital 9.0% · 7.7 points above what the capital costs: growth creates value
- Operating margin
- 24%
Operating margin · Aerospace & Defense median 9.6% · 12 months to Q2 2026
- Cash conversion
- −0.97×
Cash conversion · −0.34× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- +0.87%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | −12% |
| FY2021 | −25% |
| FY2022 | −23% |
| FY2023 | 29% |
| FY2024 | 14% |
| FY2025 | 30% |
Details›
- Gross margin12 months to Q2 2026
- 39%
- Operating margin12 months to Q2 2026
- 24%
- Net margin12 months to Q2 2026
- 16%
- Free cash flow margin
- −15%
- Revenue, trailing twelve months
- $3.11B
- Free cash flow, trailing twelve months
- −$480M
- Net income, trailing twelve months
- $496M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 17%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Aerospace & Defense
Ranks #23 of 48 by Smart Score