Companies /Industrials

FTAI Aviation Ltd - Class A

NASDAQ: FTAI Aerospace & Defense
$198.34
▼ $2.93 (−1.45%) today
Markets open · 2:14pm ET

Q2 2025 Earnings

Reported Jul 29, 2025, 7:00pm ET · SEC source
$1.57
Beat +12.79%
EPS · est. $1.39
$676.2M
Beat +23.78%
Revenue · est. $546.3M
+4.8%
Beating market
FTAI vs S&P since report
4 quarters
Consecutive EPS misses

Market Reaction

% change · around the report
−8%0+8%+16%Jul 29Jul 30report 7:00pm ETearnings+0.6%+18.9%
−8%0+8%+16%Jul 29Jul 30earnings+0.6%+18.9%
FTAI +18.9%S&P 500 +0.6%
−8%0+8%+16%Jul 29Jul 30report 7:00pm ETearnings+1.2%+18.9%
−8%0+8%+16%Jul 29Jul 30earnings+1.2%+18.9%
FTAI +18.9%NASDAQ +1.2%
−8%0+8%+16%Jul 29Aug 6report 7:00pm ETearnings−0.4%+11.1%
−8%0+8%+16%Jul 29Aug 6earnings−0.4%+11.1%
FTAI +11.1%S&P 500 −0.4%
−8%0+8%+16%Jul 29Aug 6report 7:00pm ETearnings−0.1%+11.1%
−8%0+8%+16%Jul 29Aug 6earnings−0.1%+11.1%
FTAI +11.1%NASDAQ −0.1%
+26.56%
Day of report
−4.74%
Next session
−4.73%
One week
+6.50%
30 days

S&P 500 over the same 30 days: +1.67%.

Did FTAI Beat Earnings? Q2 2025 Results

FTAI Aviation posted a blowout second quarter, reporting adjusted EPS of $1.57 against a consensus estimate of $1.39, a beat of 12.79%, while revenue of $676.24 million exceeded the $546.34 million estimate by 23.78% and surged 51.1% year over year. The primary engine behind that growth was the Aerospace Products segment, which generated $420.69 million in revenue versus $245.20 million a year ago, fueled by a 33% sequential ramp in CFM56 module production to 184 units per quarter and the debut of a new MRE Contract revenue stream contributing $69.58 million. Adjusted EBITDA reached $347.81 million, up 63% from $213.90 million in Q2 2024, and the company swung to GAAP net income of $161.69 million compared to a loss of $228.21 million in the prior-year period, which had been weighed down by a one-time $300 million internalization fee. Shares jumped sharply following the report as investors responded to the results. Looking ahead, FTAI is targeting a 25% annualized maintenance market share, up from roughly 9% today, while its SCI Partnership advances toward deploying $4 billion in capital by year-end.

Key Takeaways
  • Significant ramp in production to 184 CFM56 modules in Q2 2025, a 33% increase versus prior quarter
  • Aerospace Products Adjusted EBITDA grew 81% year-over-year to $164.9 million
  • Market share increased to approximately 9% on an annualized basis, up from 5% last year
  • MRE Contract revenue of $69.6 million, a new revenue stream with no prior-year comparable
  • Gain on sale to the 2025 Partnership of $34.6 million

“FTAI delivered an excellent quarter, generating over $400 million in positive Adjusted Free Cash Flow. We ended the period in a strong financial position with $302 million in cash and $400 million fully undrawn from our corporate revolving credit facility.”

FTAI Aviation CEO, on the earnings call

Forward Guidance & Outlook

FTAI targets long-term maintenance market share of 25%, up from approximately 9% currently on an annualized basis. The SCI Partnership is on track to deploy $4 billion of capital in 2025, with 145 aircraft now owned or under LOI versus a target of 250 total.

FTAI YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$200.0M$400.0M$600.0M$447.4M$676.2MRevenue$152.0M$307.0MGross Profit$145.4M$210.5MOperating Income$60.1M$165.4MNet Income
$0$200.0M$400.0M$600.0MRevenueGross ProfitOperating IncomeNet Income

FTAI Revenue by Segment

Aerospace Products$420.7M
MRE Contract Revenue
Aviation Leasing
Aviation Leasing - Maintenance Revenue$73.1M
Lease Income
Aviation Leasing - Lease Income$62.4M
Maintenance Revenue
Aviation Leasing - Asset Sales Revenue$47.9M

Figures from SEC filings and company reports. Not investment advice.