FTAI AVIATION LTD.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.51B | $1.73B | $1.17B | $708.4M | $335.6M | $297.9M | $578.8M | $342.1M |
| Cost of Revenue | $1.35B | $825.9M | $502.1M | $248.4M | $14.3M | $0 | — | — |
| Gross Profit | $1.16B | $909.0M | $668.8M | $460.0M | $321.3M | $297.9M | — | — |
| Gross Margin | 46.2% | 52.4% | 57.1% | 64.9% | 95.7% | 100.0% | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $9.5M | $14.3M | $13.7M | $14.2M | $13.4M | $14.1M | $16.9M | $15.3M |
| Operating Income | $606.7M | $14.2M | $345.7M | $63.9M | $115.3M | $44.0M | $247.7M | $39.2M |
| Operating Margin | 24.2% | 0.8% | 29.5% | 9.0% | 34.4% | 14.8% | 42.8% | 11.5% |
| Interest Expense | — | — | $161.6M | $169.2M | $155.0M | $87.4M | $95.6M | $56.8M |
| Pretax Income | $606.7M | $14.2M | $184.0M | $-105.3M | $-39.7M | $-43.4M | $152.1M | $-17.7M |
| Income Tax Expense | $105.6M | $5.5M | $-59.8M | $5.3M | $3.1M | $-4.3M | $17.8M | $2.4M |
| Net Income | $501.1M | $8.7M | $243.8M | $-212.0M | $-130.7M | $-105.0M | $223.3M | $5.9M |
| Net Margin | 20.0% | 0.5% | 20.8% | -29.9% | -38.9% | -35.3% | 38.6% | 1.7% |
| EPS (Basic) | $4.66 | $-0.32 | $2.12 | $-1.39 | $-0.75 | $-0.66 | $1.74 | $0.07 |
| EPS (Diluted) | $4.60 | $-0.32 | $2.11 | $-1.39 | $-0.75 | $-0.66 | $1.74 | $0.07 |
| Shares Outstanding (Basic) | 102.6M | 101.5M | 99.9M | 99.4M | 89.9M | 86.0M | 86.0M | 83.7M |
| Shares Outstanding (Diluted) | 103.8M | 101.5M | 100.4M | 99.4M | 89.9M | 86.0M | 86.0M | 83.7M |
| Dividends Per Share | $1.35 | $1.20 | $1.20 | $1.26 | $1.32 | $1.32 | $0.33 | $0.33 |