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FTAI Aviation Ltd. logo

FTAI Aviation Ltd. Income Statement

Revenue, expenses, and profitability over time

FTAI Aviation Ltd. generated $2.8B in trailing twelve-month revenue, up 0.5% year-over-year. Net income was $536.6M with a 18.92% net margin. Diluted EPS is $5.04, which grew 16.8% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$2.8BGross Profit (TTM)$1.2BNet Income (TTM)$536.6MEps Diluted (TTM)$5.04
Latest FilingQ1 2026
Report Date2026-05-01
Market Cap$24.8B
P/E Ratio46.14
ROE233.29%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisition and integration costs$8.8M$7.3M$4.5M$7.1M$9.7M$16.4M
Depreciation and amortization$54.7M$59.6M$55.2M$55.3M$55.7M$52.3M
General and administrative$3.6M$3.1M$2.4M$1.8M$2.1M$2.4M
Other operating expenses$0$32.4M$0$0$0$65M
Total operating expenses$340.6M$351.1M$465.8M$466.2M$483.1M$660.3M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share—$0.88$1.58$1.11$1.09$1.31
Diluted earnings per share—$0.87$1.57$1.10$1.08$1.29
Weighted-average shares, basic101.5M102.6M102.6M102.6M102.6M102.6M
Weighted-average shares, diluted101.5M103.2M103.1M104M103.8M104.3M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from equity method investments-$401K-$7.6M-$5M-$4.2M—-$2.4M
Gain (loss) on disposal of assets$4.7M$0$0$0$0—
Interest expense$60.9M$62M$64M$60.8M$61M$61.4M
Other income (expense), net-$50.1M-$25.7M-$7.2M-$56.8M-$44.9M-$1M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$241.1M$253.4M$307M$304.1M$293.2M$306.4M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$108.1M$125.2M$203.3M$144M$134.1M$169.4M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$5.6M$22.9M$37.9M$26.3M$18.6M$31.5M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$102.4M$102.4M$165.4M$117.7M$115.6M$137.9M
Preferred stock dividends$7.8M$6.1M$3.7M$3.7M$3.7M$3.7M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Dividends on preferred shares$7.8M$6.1M$3.7M$3.7M$3.7M$3.7M
Gain (Loss) on Disposition of Assets$4.7M$0$0$0$0—
Gain on sale to the 2025 Partnership$0$11.6M$11.6M$11.6M$11.6M—
Other income, net (Note 6)$14.3M$33.1M$27.2M$3.6M$9.8M$47.6M
Preferred Stock Redemption Premium$8M$6.3M$0$0$0$0

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$257.7M$248.7M$369.3M$362.9M$368.8M$524.3M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$498.8M$502.1M$676.2M$667.1M$662M$830.7M