- SCI I Deployment Success $2 billion equity commitments secured for SCI I, with 276 aircraft closed under LOI ($5.3B of $6B target deployed by Q4 2025).
- Aerospace Products Growth Delivered $671 million adjusted EBITDA in 2025 (38% YoY growth), with Q4 EBITDA of $195 million (35% margin, +66% YoY).
- 2026 EBITDA Guidance Raised Total segment guidance increased to $1.625 billion ($1.05B Aerospace, $575M Leasing), driven by insurance settlements and operational scale.
- FTAI Power Expansion 100 Mod-1 units targeted for 2027, leveraging CFM56 engines with 25MW output, supported by $100 million 2026 investment.
Business Segment Performance
The Aviation Leasing business continued to deliver strong results, posting approximately $113 million of adjusted EBITDA in Q4. The company's strategic capital initiative (SCI) is progressing well, with 276 aircraft closed under LOI, representing $5.3 billion of the $6 billion target. The fundraising process for SCI II has started, and the company expects to begin investing by June 30. As Joseph Adams mentioned, "the Aviation Leasing business is evolving into a high-quality fee-driven asset management platform with recurring earnings and expanding co-investment opportunities."
Growth Prospects and Guidance
FTAI is confident in achieving its guidance outlined last October, with an updated outlook that increases total EBITDA by $100 million. The company expects total business segment guidance of $1.625 billion, up from $1.525 billion, including $1.05 billion from Aerospace Products and $575 million from Aviation Leasing. The company is also expecting 39% growth in module production in 2026, driven by disciplined execution and strategic agreements with OEMs.
Power Business Initiative
The company's new Power business initiative is expected to drive revenue growth, with a target of $2-3 billion in revenue. The margins in the Power business are expected to be as good or better than those in Aerospace Products, due to the company's cost advantages and supply chain capabilities. The production pipeline for 2027 is 100 units, which will leverage the same infrastructure and feedstock as the Aerospace business.
Valuation and Dividend Yield
With a ROE of 255.08% and an ROIC of 20.89%, FTAI is demonstrating strong profitability. The company's dividend yield is 0.4%, and it has increased its dividend from $0.35 to $0.40 per share per quarter for the second consecutive quarter. The P/B Ratio of 95.17 indicates that the market is pricing in high expectations for the company's growth prospects.