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

FTAI Aviation brought in $2.5B of revenue in fiscal 2025, WillScot $2.3B in fiscal 2025. Revenue changed by +44.5% at FTAI Aviation and -4.8% at WillScot on the year before, so FTAI Aviation grew faster. FTAI Aviation kept 19.0% of its revenue as net profit, WillScot -2.3%. Free cash flow was -$338.5M at FTAI Aviation and $737.7M at WillScot.

Side by side, latest fiscal year

FTAIWSC
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$2.5B$2.3B
Revenue growth+44.5%-4.8%
Net income$477.5M-$53M
Net margin19.0%-2.3%
Free cash flow-$338.5M$737.7M
Free cash flow margin-13.5%32.3%
Earnings per share (diluted)$4.60-$0.29
Cash$300.5M$14.6M
Debt$3.4B$3.6B
Price to earnings38.1n/a
Market value$18B$3.3B
Dividend yield0.77%n/a
Rank by revenue in sector#199 of 451 · Industrials#208 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: $2.5BWSC FY2018: $751.4MWSC FY2019: $1.1BWSC FY2020: $1.3BWSC FY2021: $1.7BWSC FY2022: $2.1BWSC FY2023: $2.4BWSC FY2024: $2.4BWSC FY2025: $2.3BFY18FY19FY20FY21FY22FY23FY24FY25
FTAI $2.5BWSC $2.3B
Net income
FTAI FY2018: $5.9MFTAI FY2019: $223.3MFTAI FY2020: -$105MFTAI FY2021: -$129MFTAI FY2022: -$220.4MFTAI FY2023: $212MFTAI FY2024: -$32.1MFTAI FY2025: $477.5MWSC FY2018: -$25.2MWSC FY2019: -$11.1MWSC FY2020: $74MWSC FY2021: $160.1MWSC FY2022: $339.5MWSC FY2023: $476.5MWSC FY2024: $28.1MWSC FY2025: -$53MFY18FY19FY20FY21FY22FY23FY24FY25
FTAI $477.5MWSC -$53M
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%WSC FY2018: -3.4%WSC FY2019: -1.0%WSC FY2020: 5.8%WSC FY2021: 9.6%WSC FY2022: 15.8%WSC FY2023: 20.1%WSC FY2024: 1.2%WSC FY2025: -2.3%FY18FY19FY20FY21FY22FY23FY24FY25
FTAI 19.0%WSC -2.3%
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%WSC FY2019: +41.6%WSC FY2020: +19.7%WSC FY2021: +31.4%WSC FY2022: +28.1%WSC FY2023: +10.4%WSC FY2024: +1.3%WSC FY2025: -4.8%FY19FY20FY21FY22FY23FY24FY25
FTAI +44.5%WSC -4.8%
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: -$338.5MWSC FY2018: $32.5MWSC FY2019: $164.2MWSC FY2020: $288.4MWSC FY2021: $509.4MWSC FY2022: $701MWSC FY2023: $739MWSC FY2024: $543.2MWSC FY2025: $737.7MFY18FY19FY20FY21FY22FY23FY24FY25
FTAI -$338.5MWSC $737.7M

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

Questions about FTAI Aviation and WillScot

Which is bigger by revenue, FTAI Aviation or WillScot?

FTAI Aviation is bigger by revenue: $2.5B in fiscal 2025, against $2.3B for WillScot in fiscal 2025.

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

FTAI Aviation had a net margin of 19.0% in fiscal 2025; WillScot had -2.3% in fiscal 2025.

Which grew revenue faster, FTAI Aviation or WillScot?

In their latest fiscal years revenue changed by +44.5% at FTAI Aviation and -4.8% at WillScot.

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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