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FTAI Aviation vs Herc: revenue, profit, margins and growth compared

FTAI Aviation brought in $2.5B of revenue in fiscal 2025, Herc $4.4B in fiscal 2025. Revenue changed by +44.5% at FTAI Aviation and +22.6% at Herc on the year before, so FTAI Aviation grew faster. FTAI Aviation kept 19.0% of its revenue as net profit, Herc 0.0%. Free cash flow was -$338.5M at FTAI Aviation and $928M at Herc.

Side by side, latest fiscal year

FTAIHRI
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$2.5B$4.4B
Revenue growth+44.5%+22.6%
Net income$477.5M$1M
Net margin19.0%0.0%
Free cash flow-$338.5M$928M
Free cash flow margin-13.5%21.2%
Earnings per share (diluted)$4.60$0.03
Cash$300.5M$52M
Debt$3.4B$8B
Price to earnings38.14512.0
Market value$18B$4.5B
Dividend yield0.77%2.07%
Rank by revenue in sector#199 of 451 · Industrials#133 of 451 · Industrials

Over the years

Revenue
FTAI FY2018: $342.1MFTAI FY2019: $578.8MFTAI FY2020: $297.9MFTAI FY2021: $335.6MFTAI FY2022: $708.4MFTAI FY2023: $1.2BFTAI FY2024: $1.7BFTAI FY2025: $2.5BHRI FY2018: $2BHRI FY2019: $2BHRI FY2020: $1.8BHRI FY2021: $2.1BHRI FY2022: $2.7BHRI FY2023: $3.3BHRI FY2024: $3.6BHRI FY2025: $4.4BFY18FY19FY20FY21FY22FY23FY24FY25
FTAI $2.5BHRI $4.4B
Net income
FTAI FY2018: $5.9MFTAI FY2019: $223.3MFTAI FY2020: -$105MFTAI FY2021: -$129MFTAI FY2022: -$220.4MFTAI FY2023: $212MFTAI FY2024: -$32.1MFTAI FY2025: $477.5MHRI FY2018: $69.1MHRI FY2019: $47.5MHRI FY2020: $73.7MHRI FY2021: $224MHRI FY2022: $330MHRI FY2023: $347MHRI FY2024: $211MHRI FY2025: $1MFY18FY19FY20FY21FY22FY23FY24FY25
FTAI $477.5MHRI $1M
Net margin
FTAI FY2018: 1.7%FTAI FY2019: 38.6%FTAI FY2020: -35.3%FTAI FY2021: -38.4%FTAI FY2022: -31.1%FTAI FY2023: 18.1%FTAI FY2024: -1.8%FTAI FY2025: 19.0%HRI FY2018: 3.5%HRI FY2019: 2.4%HRI FY2020: 4.1%HRI FY2021: 10.8%HRI FY2022: 12.0%HRI FY2023: 10.6%HRI FY2024: 5.9%HRI FY2025: 0.0%FY18FY19FY20FY21FY22FY23FY24FY25
FTAI 19.0%HRI 0.0%
Revenue growth
FTAI FY2019: +69.2%FTAI FY2020: -48.5%FTAI FY2021: +12.6%FTAI FY2022: +111.1%FTAI FY2023: +65.3%FTAI FY2024: +48.2%FTAI FY2025: +44.5%HRI FY2019: +1.1%HRI FY2020: -10.9%HRI FY2021: +16.4%HRI FY2022: +32.2%HRI FY2023: +19.8%HRI FY2024: +8.7%HRI FY2025: +22.6%FY19FY20FY21FY22FY23FY24FY25
FTAI +44.5%HRI +22.6%
Free cash flow
FTAI FY2018: -$96.3MFTAI FY2019: -$180.1MFTAI FY2020: -$201.7MFTAI FY2021: -$179.4MFTAI FY2022: -$164.9MFTAI FY2023: $122.8MFTAI FY2024: -$197.2MFTAI FY2025: -$338.5MHRI FY2018: $481.5MHRI FY2019: $578.7MHRI FY2020: $569.5MHRI FY2021: $696MHRI FY2022: $813MHRI FY2023: $930MHRI FY2024: $1.1BHRI FY2025: $928MFY18FY19FY20FY21FY22FY23FY24FY25
FTAI -$338.5MHRI $928M

Fiscal years as each company reports them; the two may end in different months.

Questions about FTAI Aviation and Herc

Which is bigger by revenue, FTAI Aviation or Herc?

Herc is bigger by revenue: $4.4B in fiscal 2025, against $2.5B for FTAI Aviation in fiscal 2025.

Which keeps more of its revenue as profit, FTAI Aviation or Herc?

FTAI Aviation had a net margin of 19.0% in fiscal 2025; Herc had 0.0% in fiscal 2025.

Which grew revenue faster, FTAI Aviation or Herc?

In their latest fiscal years revenue changed by +44.5% at FTAI Aviation and +22.6% at Herc.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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