FTAI Aviation

FTAI Q4 2024 Earnings

Reported Feb 26, 2025 at 5:10 PM ET · SEC Source

Q4 24 EPS

$0.84

BEAT +2.44%

Est. $0.82

Q4 24 Revenue

$498.8M

BEAT +1.21%

Est. $492.8M

vs S&P Since Q4 24

+49.5%

BEATING MARKET

FTAI +72.7% vs S&P +23.2%

Full Year 2024 Results

FY 24 EPS

$-0.32

MISS 110.13%

Est. $3.16

FY 24 Revenue

$1.73B

MISS 0.32%

Est. $1.74B

Market Reaction

Did FTAI Beat Earnings? Q4 2024 Results

FTAI Aviation closed out 2024 on a strong note, posting Q4 earnings per share of $0.84 against a consensus estimate of $0.82, a beat of 2.44%, while revenue of $498.82 million topped expectations of $492.84 million by 1.21% and surged 57.6% year over… Read more FTAI Aviation closed out 2024 on a strong note, posting Q4 earnings per share of $0.84 against a consensus estimate of $0.82, a beat of 2.44%, while revenue of $498.82 million topped expectations of $492.84 million by 1.21% and surged 57.6% year over year from $312.74 million. The primary engine behind that top-line expansion was the company's Aerospace Products segment, which delivered explosive growth throughout the year and pushed full-year revenue to $1.73 billion, up 48% from $1.17 billion in 2023. Adjusted EBITDA for the quarter reached $252.01 million, a 55% increase from the year-ago period, offering a cleaner picture of operational momentum than GAAP net income, which was pressured by a $300 million internalization fee and other one-time charges. Looking ahead, FTAI targets 2025 Adjusted EBITDA of $1.10 to $1.15 billion and has raised its 2026 target to approximately $1.40 billion, even as the company navigates ongoing scrutiny from short-seller allegations and related investor litigation that have clouded sentiment around its accounting practices.

Key Takeaways

  • Continued growth in Aerospace Products, with FY 2024 net income attributable to shareholders up 92% YoY and Adjusted EBITDA up 138% YoY
  • Significant expansion of Maintenance, Repair and Exchange capabilities
  • Strong demand from global customer base for CFM56 and V2500 engine services
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FTAI YoY Financials

Q4 2024 vs Q4 2023, source: SEC Filings

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FTAI Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q4 25

“In the last quarter, we delivered outstanding financial performance across the board, and I am pleased to see the continued strength of our Aerospace Products and Aviation Leasing segments.”

— Joe Adams, Q4 2024 Earnings Press Release