FTAI Aviation Ltd. (FTAI) Stock Price & How to Invest

FTAI Aviation (NASDAQ: FTAI) owns and maintains commercial jet engines and aircraft, with a strategic focus on the maintenance, repair, and exchange (MRE) of CFM56-5B, CFM56-7B, and V2500 engines. These engine types power a large share of the global narrowbody fleet, including the Airbus A320ceo and Boeing 737NG families. The company operates in two reported segments: Aviation Leasing, which as of December 31, 2025 owned and managed 290 aviation assets including 47 commercial aircraft and 243 engines; and Aerospace Products, which develops, manufactures, repairs, and sells engine components through a proprietary Module Factory model. FTAI's differentiated approach is built around its ability to exchange overhauled engine modules faster and at lower cost than traditional full shop visits, providing pricing power rooted in scarcity and technical expertise rather than brand. A newer initiative, FTAI Power, converts surplus CFM56 engines into aeroderivative power turbines aimed at data centers and distributed energy customers, with the first Mod-1 product targeted for delivery by Q4 2026.

FTAI Aviation was founded in 2011 and is headquartered in New York. It completed the internalization of its management function in May 2024, replacing a Fortress Investment Group affiliate arrangement with a fully in-house structure, a meaningful governance upgrade that aligned management incentives more directly with shareholders. The company launched its Strategic Capital Initiative (SCI) in December 2024, partnering with third-party institutional investors to acquire narrowbody aircraft at scale while FTAI retains the higher-margin MRE service contracts on those engines. The 2025 SCI partnership completed a $2.0 billion equity fundraise. FTAI also acquired Pacific Aerodynamic Inc. and the MRE business of AerotechOPS in 2025 to expand its repair footprint, and entered a joint venture with Jereh Group to deepen Mod-1 aeroderivative production capacity.

Since mid-2026 the story has been strong growth with weaker conversion to profit. Revenue reached $830.7 million in Q1 2026 and about $953 million in Q2 (up roughly 41% year over year), but EPS of $1.46 and $1.26 missed estimates of $1.60 and $2.09. On October 8, 2026 FTAI and United Airlines expanded their multi-year engine exchange program from United's V2500 fleet to designated CFM56-7B engines, with FTAI delivering a serviceable engine before each scheduled removal and buying the unserviceable one as feedstock. The shares closed at $169.66 on October 16, 2026, down 19.3% in 2026 and flat over one year. Morgan Stanley cut its target to $310 from $360 the same day, while Macquarie started coverage at Outperform with a $305 target.

FTAI's valuation still assumes a lot: about 37x trailing earnings as of October 2026 and EV/EBITDA near 21x, against forward earnings that analysts expect to more than double in 2027, so the multiple only looks modest (about 13x forward) if that growth arrives. The company carries approximately $3.5 billion in debt against roughly $337 million in cash, a debt-to-equity ratio above 8x, and negative free cash flow of about $525 million over the last twelve months, making it sensitive to interest rate movements and refinancing conditions. FTAI's Aerospace Products business is heavily concentrated on the CFM56 engine platform, which is an aging design that will eventually be displaced by LEAP-powered next-generation narrowbodies, creating a long-term obsolescence risk. EPS has missed analyst forecasts in three of the last four quarters despite strong revenue, most sharply in Q2 2026 ($1.26 vs $2.09), suggesting that rapid scaling is pressuring margins and costs in ways that are difficult to predict. The stock has already fallen from a 52-week high near $324 to about $170, which shows how quickly sentiment can turn.

11 analysts publish price targets on FTAI, averaging $351.00 against a $164.46 price as of October 2026, or +113.4%. The published targets run from $275.00 to $540.00, a wide spread, and the ratings split 11 buy, 0 hold, 0 sell. Over the last six months there have been 3 raises and 3 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full FTAI forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on FTAI Aviation Ltd.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Structural MRE demand from narrowbody supply constraints. Global delivery backlogs at Airbus and Boeing continue to force airlines to operate older CFM56 and V2500 powered aircraft longer than planned, keeping demand for maintenance, repair, and exchange services chronically elevated. The most optimistic published target, $540.00, assumes this works close to its best case.

The case against. FTAI's valuation still assumes a lot: about 37x trailing earnings as of October 2026 and EV/EBITDA near 21x, against forward earnings that analysts expect to more than double in 2027, so the multiple only looks modest (about 13x forward) if that growth arrives. The most pessimistic target, $275.00, is roughly what FTAI is worth if this bites instead.

Read the full bull and bear case on FTAI, including what would have to change to break either one. Walnut is not an investment adviser.

Yes. FTAI Aviation Ltd. (FTAI) has had one share split in the last 10 years:

• 1171:1000 on August 2, 2022, so every share held became 1.171 shares.

A split changes the share count and the price per share and leaves the value of a holding unchanged. Someone holding $1,000 of FTAI the day before the 1171:1000 split held $1,000 the day after, in more shares at a proportionally lower price. Historical prices from before the date are normally shown split-adjusted, which is why a long-run chart shows no cliff.

Splits matter mainly because they make older price figures confusing to compare by hand, and because a board choosing to split is usually signalling that the price has run up far enough to feel awkward for smaller buyers. Neither is a reason to buy or sell.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see FTAI Aviation Ltd.'s investor relations page or your broker.

• Revenue (TTM): ~$3.11 billion (Q2 2026 up ~41% y/y)
• Revenue (Q2 2026): ~$953 million (EPS $1.26 vs $2.09 est.)
• EBITDA (TTM): ~$996 million
• Net Income (TTM): ~$478 million (EPS ~$4.60)
• P/E Ratio: ~37x trailing, ~13x forward
• Market cap: ~$17.4 billion (share price ~$170)
• Annual Dividend (annualized rate): ~$2.00 per share (~1.2% yield)
• Margins (TTM): ~32% gross, ~21% operating, ~16% net

FTAI's revenue has grown at a rapid pace, from about $708 million in 2022 to $2.51 billion in 2025 and $3.11 billion over the trailing twelve months, driven almost entirely by the Aerospace Products segment. The stock's fall in 2026 has pulled EV/EBITDA down to about 21x from roughly 29x earlier in the year, but the forward P/E of about 13x leans on 2027 EPS estimates near $13 that are more than double the ~$5.72 expected for 2026. Repeated EPS misses relative to estimates, even as revenue beats, show the tension between rapid scaling and margin control; consensus for the October 29 report is about $1.44 of EPS on roughly $1.02 billion of revenue.

Other names that sit close to FTAI: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get FTAI exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so FTAI sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where FTAI fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

FTAI Aviation is, right now, primarily an engine maintenance and exchange business wearing an aviation-leasing wrapper: Q2 2026 revenue rose about 41% to roughly $953 million, and in October 2026 United Airlines expanded its engine exchange program with FTAI to CFM56-7B engines. If you believe that chronic narrowbody aircraft delivery delays will keep demand for CFM56 MRE services structurally elevated well into the next decade, and that FTAI Power's aeroderivative turbines can unlock a second growth avenue in data-center power, the question becomes sizing and overlap with other aerospace or MRO exposures, not timing. The risk is that profits have lagged revenue: two straight EPS misses, negative free cash flow of about $525 million over the last twelve months and $3.5 billion of debt leave the shares sensitive to any further shortfall when Q3 results arrive on October 29, 2026.

Whether FTAI is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is FTAI a buy or a sell?, and where the stock could go from here in the FTAI stock forecast.

For income investors, whether FTAI pays a dividend and how the payout looks is covered in does FTAI pay a dividend? And to weigh FTAI against a peer, read the full side-by-side comparisons: FTAI vs AER and FTAI vs ST.