Filing Flows › FTAI Aviation (FTAI) › Q4 2025
FTAI Aviation (FTAI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
FTAI Aviation (FTAI) reported revenue of $662M for the fourth quarter 2025 (Q4 2025), +33% from a year earlier and -0.8% from the quarter before. Operating margin was 27.0%, net earnings $112M (16.9% of revenue).
FTAI Aviation, Q4 2025: revenue $662M (+33% year over year), operating margin 27.0%, net earnings $112M, operating cash flow −$179M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $662M | -0.8% | +33% |
| Operating profit | $179M | -11% | +13% |
| Net earnings | $112M | -2% | +29% |
| Operating cash flow | −$179M | -3978% | — |
What changed
Revenue was $662.0M in Q4 2025, up 33% year over year and down 1% from the previous quarter. Aerospace products revenue was the largest line at 69% of revenue.
Operating profit was $179.0M, a 27.0% margin (down 4.7 points year over year). Of the extra revenue versus a year earlier, 13% reached operating profit, below the 32% margin then. Total costs grew 42% against revenue growth of 33%. The fastest-growing cost line was Cost of revenue (+43%). Net earnings were $111.9M, up 29% year over year. The effective tax rate was 13.8%.
Operating cash flow was −$179.1M. Non-cash charges added back $55.7M of depreciation and amortization and $5.7M of share-based compensation. Working capital and other items used $356.0M. Capital expenditures of $10.2M exceeded it, leaving free cash flow of −$189.3M.
Questions
What was FTAI Aviation's revenue in the fourth quarter 2025?
FTAI Aviation (FTAI) reported revenue of $662M for the fourth quarter 2025 (Q4 2025), +33% from a year earlier and -0.8% from the quarter before.
Was FTAI Aviation profitable in the fourth quarter 2025?
Operating profit was $179M (27.0% of revenue) and net earnings $112M.
Source: FTAI Aviation 10-K on SEC EDGAR.