FTAIFTAI Aviation Ltd.
Services-Miscellaneous Equipment Rental & Leasing
- Revenue
- $2.5B
- 45% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $3.1B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear-41% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear2% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $336M | $708M | $1.2B | $1.7B | $2.5B | 45% |
| Operating cash flow | −$22M | −$21M | $129M | −$188M | −$311M | 65% |
| Capex | $157M | $144M | $6M | $9M | $28M | 201% |
| Stock-based comp | $0 | $3M | $2M | $6M | $22M | 262% |
| Dividends | $118M | $128M | $120M | $122M | $128M | 5.5% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $6M | $32M | 434 | 182 |
| FY2024 | $27M | $33M | 315 | 116 |