Filing Flows › FTAI Aviation (FTAI) › Q3 2025
FTAI Aviation (FTAI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 29, 2025
FTAI Aviation (FTAI) reported revenue of $667M for the third quarter 2025 (Q3 2025), +43% from a year earlier and -1% from the quarter before. Operating margin was 30.1%, net earnings $114M (17.1% of revenue).
FTAI Aviation, Q3 2025: revenue $667M (+43% year over year), operating margin 30.1%, net earnings $114M, operating cash flow $4.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $667M | -1% | +43% |
| Operating profit | $201M | -5% | +35% |
| Net earnings | $114M | -29% | +46% |
| Operating cash flow | $4.6M | — | -89% |
What changed
Revenue was $667.1M in Q3 2025, up 43% year over year and down 1% from the previous quarter. Aerospace products revenue was the largest line at 69% of revenue. Aerospace products revenue added $155.7M year over year (up 51%), 77% of the total change. Lease income declined 16%.
Operating profit was $200.9M, a 30.1% margin (down 1.9 points year over year). Of the extra revenue versus a year earlier, 26% reached operating profit, below the 32% margin then. Total costs grew 47% against revenue growth of 43%. The fastest-growing cost line was Cost of revenue (+65%). Net earnings were $114.0M, up 46% year over year. The effective tax rate was 18.3%.
Operating cash flow was $4.6M (down 89% year over year), 4% of net income including minority interests. Non-cash charges added back $55.3M of depreciation and amortization and $5.7M of share-based compensation. Working capital and other items used $174.0M. Capital expenditures of $6.4M exceeded it, leaving free cash flow of −$1.8M.
Questions
What was FTAI Aviation's revenue in the third quarter 2025?
FTAI Aviation (FTAI) reported revenue of $667M for the third quarter 2025 (Q3 2025), +43% from a year earlier and -1% from the quarter before.
Was FTAI Aviation profitable in the third quarter 2025?
Operating profit was $201M (30.1% of revenue) and net earnings $114M.
Source: FTAI Aviation 10-Q on SEC EDGAR.