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Side-by-side financial comparison of California Resources Corp (CRC) and FTAI Aviation Ltd. (FTAI). Click either name above to swap in a different company.
FTAI Aviation Ltd. is the larger business by last-quarter revenue ($830.7M vs $119.0M, roughly 7.0× California Resources Corp). Over the past eight quarters, FTAI Aviation Ltd.'s revenue compounded faster (36.8% CAGR vs -46.3%).
California Resources CorpCRCEarnings & Financial Report
California Resources Corporation is an American energy corporation engaged in hydrocarbon exploration in California. It is organized in Delaware and headquartered in Long Beach, California. Its mineral acreage holdings in California constitute the largest privately held position in the state.
FTAI Aviation Ltd. is a global aerospace infrastructure and aviation solutions provider focused on owning, leasing, and maintaining commercial aircraft, aircraft engines, and related aviation assets. It serves commercial airlines, cargo operators, and MRO service providers worldwide, offering tailored asset management and aftermarket support solutions to optimize operational efficiency for clients across the global aviation ecosystem.
CRC vs FTAI — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | ||
|---|---|---|
| Revenue | $119.0M | $830.7M |
| Net Profit | — | $134.2M |
| Gross Margin | — | 36.9% |
| Operating Margin | -597.5% | — |
| Net Margin | — | 16.2% |
| Revenue YoY | — | 65.5% |
| Net Profit YoY | — | 34.7% |
| EPS (diluted) | $-8.02 | $1.29 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $119.0M | $830.7M | ||
| Q4 25 | $679.0M | $662.0M | ||
| Q3 25 | $715.0M | $667.1M | ||
| Q2 25 | $702.0M | $676.2M | ||
| Q1 25 | $814.0M | $502.1M | ||
| Q4 24 | $826.0M | $498.8M | ||
| Q3 24 | $870.0M | $465.8M | ||
| Q2 24 | $412.0M | $443.6M |
| Q1 26 | — | $134.2M | ||
| Q4 25 | $12.0M | $115.6M | ||
| Q3 25 | $64.0M | $117.7M | ||
| Q2 25 | $172.0M | $165.4M | ||
| Q1 25 | $115.0M | $102.4M | ||
| Q4 24 | $33.0M | $102.4M | ||
| Q3 24 | $345.0M | $86.5M | ||
| Q2 24 | $8.0M | $-219.9M |
| Q1 26 | — | 36.9% | ||
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 45.6% | ||
| Q2 25 | — | 45.4% | ||
| Q1 25 | — | 50.5% | ||
| Q4 24 | — | 48.3% | ||
| Q3 24 | — | 52.9% | ||
| Q2 24 | — | 53.6% |
| Q1 26 | -597.5% | — | ||
| Q4 25 | 6.9% | 20.3% | ||
| Q3 25 | 13.7% | 21.6% | ||
| Q2 25 | 38.0% | 30.1% | ||
| Q1 25 | 22.9% | 24.9% | ||
| Q4 24 | 8.2% | 21.7% | ||
| Q3 24 | 59.5% | 20.1% | ||
| Q2 24 | 9.2% | -52.5% |
| Q1 26 | — | 16.2% | ||
| Q4 25 | 1.8% | 17.5% | ||
| Q3 25 | 9.0% | 17.6% | ||
| Q2 25 | 24.5% | 24.5% | ||
| Q1 25 | 14.1% | 20.4% | ||
| Q4 24 | 4.0% | 20.5% | ||
| Q3 24 | 39.7% | 18.6% | ||
| Q2 24 | 1.9% | -49.6% |
| Q1 26 | $-8.02 | $1.29 | ||
| Q4 25 | $0.21 | $1.06 | ||
| Q3 25 | $0.76 | $1.10 | ||
| Q2 25 | $1.92 | $1.57 | ||
| Q1 25 | $1.26 | $0.87 | ||
| Q4 24 | $0.87 | $0.87 | ||
| Q3 24 | $3.78 | $0.76 | ||
| Q2 24 | $0.11 | $-2.26 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | ||
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $412.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.9B | $431.7M |
| Total Assets | — | $4.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $412.2M | ||
| Q4 25 | $132.0M | $300.5M | ||
| Q3 25 | $196.0M | $509.9M | ||
| Q2 25 | $72.0M | $301.9M | ||
| Q1 25 | $214.0M | $112.1M | ||
| Q4 24 | $372.0M | $115.1M | ||
| Q3 24 | $241.0M | $111.9M | ||
| Q2 24 | $1.0B | $169.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $3.4B | ||
| Q3 25 | $1.0B | $3.4B | ||
| Q2 25 | $1.0B | $3.4B | ||
| Q1 25 | $1.0B | $3.6B | ||
| Q4 24 | $1.1B | $3.4B | ||
| Q3 24 | $1.1B | $3.2B | ||
| Q2 24 | $1.2B | $3.1B |
| Q1 26 | $2.9B | $431.7M | ||
| Q4 25 | $3.7B | $334.2M | ||
| Q3 25 | $3.4B | $252.5M | ||
| Q2 25 | $3.4B | $164.9M | ||
| Q1 25 | $3.5B | $28.3M | ||
| Q4 24 | $3.5B | $81.4M | ||
| Q3 24 | $3.5B | $118.5M | ||
| Q2 24 | $2.1B | $69.6M |
| Q1 26 | — | $4.5B | ||
| Q4 25 | $7.4B | $4.4B | ||
| Q3 25 | $6.8B | $4.2B | ||
| Q2 25 | $6.7B | $4.1B | ||
| Q1 25 | $6.8B | $4.3B | ||
| Q4 24 | $7.1B | $4.0B | ||
| Q3 24 | $7.1B | $3.7B | ||
| Q2 24 | $4.5B | $3.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 10.32× | ||
| Q3 25 | 0.29× | 13.65× | ||
| Q2 25 | 0.30× | 20.88× | ||
| Q1 25 | 0.29× | 128.56× | ||
| Q4 24 | 0.32× | 42.28× | ||
| Q3 24 | 0.32× | 27.15× | ||
| Q2 24 | 0.57× | 44.24× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | ||
|---|---|---|
| Operating Cash FlowLast quarter | $99.0M | — |
| Free Cash FlowOCF − Capex | $-32.0M | — |
| FCF MarginFCF / Revenue | -26.9% | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $380.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $99.0M | — | ||
| Q4 25 | $235.0M | $-179.1M | ||
| Q3 25 | $279.0M | $4.6M | ||
| Q2 25 | $165.0M | $-110.3M | ||
| Q1 25 | $186.0M | $-26.0M | ||
| Q4 24 | $206.0M | $-41.8M | ||
| Q3 24 | $220.0M | $41.5M | ||
| Q2 24 | $97.0M | $-187.3M |
| Q1 26 | $-32.0M | — | ||
| Q4 25 | $115.0M | $-189.3M | ||
| Q3 25 | $188.0M | $-1.8M | ||
| Q2 25 | $109.0M | $-117.2M | ||
| Q1 25 | $131.0M | $-30.1M | ||
| Q4 24 | $118.0M | $-48.1M | ||
| Q3 24 | $141.0M | $41.0M | ||
| Q2 24 | $63.0M | $-188.4M |
| Q1 26 | -26.9% | — | ||
| Q4 25 | 16.9% | -28.6% | ||
| Q3 25 | 26.3% | -0.3% | ||
| Q2 25 | 15.5% | -17.3% | ||
| Q1 25 | 16.1% | -6.0% | ||
| Q4 24 | 14.3% | -9.6% | ||
| Q3 24 | 16.2% | 8.8% | ||
| Q2 24 | 15.3% | -42.5% |
| Q1 26 | — | — | ||
| Q4 25 | 17.7% | 1.5% | ||
| Q3 25 | 12.7% | 1.0% | ||
| Q2 25 | 8.0% | 1.0% | ||
| Q1 25 | 6.8% | 0.8% | ||
| Q4 24 | 10.7% | 1.3% | ||
| Q3 24 | 9.1% | 0.1% | ||
| Q2 24 | 8.3% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 19.58× | -1.55× | ||
| Q3 25 | 4.36× | 0.04× | ||
| Q2 25 | 0.96× | -0.67× | ||
| Q1 25 | 1.62× | -0.25× | ||
| Q4 24 | 6.24× | -0.41× | ||
| Q3 24 | 0.64× | 0.48× | ||
| Q2 24 | 12.13× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRC
Segment breakdown not available.
FTAI
| Aerospace products revenue | $522.6M | 63% |
| MRE Contract revenue | $221.2M | 27% |
| Lease income | $39.9M | 5% |
| Maintenance revenue | $30.6M | 4% |
| Asset sales revenue | $10.2M | 1% |
| Other revenue (1) | $6.2M | 1% |