8-K Announcements
6May 7, 2026·SEC
Apr 30, 2026·SEC
Apr 17, 2026·SEC
FTAI Infrastructure Inc. (FIP) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
FTAI Infrastructure Inc. (FIP) stock price & volume — 10-year historical chart
FTAI Infrastructure Inc. (FIP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
FTAI Infrastructure Inc. (FIP) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 26, 2026 | $1.08vs $0.43-153.1% | $144Mvs $169M-15.2% |
| Q4 2025 | Oct 30, 2025 | $1.38vs $0.59-133.9% | $141Mvs $169M-16.9% |
| Q3 2025 | Aug 7, 2025 | $0.73vs $0.37-99.1% | $122Mvs $152M-19.4% |
| Q2 2025 | May 8, 2025 | $0.89vs $0.29+406.9% | $96Mvs $108M-10.8% |
FTAI Infrastructure Inc. (FIP) competitors in Asset-Heavy Infrastructure and Real Estate — business model, growth, and fundamentals comparison
FTAI Infrastructure Inc. (FIP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FTAI Infrastructure Inc. (FIP) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 229.45M | 68.56M | 120.22M | 261.97M | 320.47M | 331.5M | 502.52M | 594.72M |
| Revenue Growth % | - | -70.12% | 75.34% | 117.91% | 22.33% | 3.44% | 51.59% | 72.32% |
| Cost of Goods Sold | 310.58M | 113.58M | 0 | 291.87M | 347.13M | 0 | 446.79M | 352.19M |
| COGS % of Revenue | 135.36% | 165.66% | - | 111.42% | 108.32% | - | 88.91% | - |
| Gross Profit | -81.13M▲ 0% | -45.02M▲ 44.5% | 120.22M▲ 367.1% | -29.9M▼ 124.9% | -26.66M▲ 10.9% | 331.5M▲ 1343.5% | 55.73M▼ 83.2% | 54.17M▲ 0% |
| Gross Margin % | -35.36% | -65.66% | 100% | -11.42% | -8.32% | 100% | 11.09% | 9.11% |
| Gross Profit Growth % | - | 44.51% | 367.06% | -124.87% | 10.85% | 1343.47% | -83.19% | - |
| Operating Expenses | 7.47M | 8.52M | 176.93M | 10.89M | 12.83M | 353.2M | 16.22M | 131.5M |
| OpEx % of Revenue | 3.26% | 12.43% | 147.17% | 4.16% | 4% | 106.55% | 3.23% | - |
| Selling, General & Admin | 7.47M | 8.52M | 8.74M | 23.86M | 12.83M | 14.8M | 16.22M | 14.66M |
| SG&A % of Revenue | 3.26% | 12.43% | 7.27% | 9.11% | 4% | 4.46% | 3.23% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 168.19M | -12.96M | 0 | 338.4M | 0 | 1000K |
| Operating Income | -88.59M▲ 0% | -53.54M▲ 39.6% | -56.71M▼ 5.9% | -40.8M▲ 28.1% | -39.49M▲ 3.2% | -21.7M▲ 45.0% | 39.51M▲ 282.0% | 43.06M▲ 0% |
| Operating Margin % | -38.61% | -78.09% | -47.17% | -15.57% | -12.32% | -6.55% | 7.86% | 7.24% |
| Operating Income Growth % | - | 39.57% | -5.93% | 28.07% | 3.19% | 45.04% | 282.04% | - |
| EBITDA | -55.47M | -22.42M | -2.7M | 29.95M | 41.5M | 57.71M | 172M | -32.26M |
| EBITDA Margin % | -24.17% | -32.71% | -2.24% | 11.43% | 12.95% | 17.41% | 34.23% | -5.42% |
| EBITDA Growth % | - | 59.57% | 87.97% | 1210.64% | 38.55% | 39.05% | 198.05% | -146.71% |
| D&A (Non-Cash Add-back) | 33.13M | 31.11M | 54.02M | 70.75M | 80.99M | 79.41M | 132.49M | 158.17M |
| EBIT | 21.15M | -62.94M | -93.95M | -129.81M | -57.68M | -140.64M | 110.54M | -11.22M |
| Net Interest Income | -17.91M | -10.76M | -16.02M | -53.24M | -99.6M | -122.11M | -265.91M | -222.8M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 17.91M | 10.76M | 16.02M | 53.24M | 99.6M | 122.11M | 265.91M | 140.31M |
| Other Income/Expense | 91.84M | -20.17M | -53.26M | -142.25M | -117.79M | -241.05M | -194.88M | -277.08M |
| Pretax Income | 3.25M▲ 0% | -73.71M▼ 2371.4% | -109.97M▼ 49.2% | -183.05M▼ 66.5% | -157.28M▲ 14.1% | -262.75M▼ 67.1% | -155.37M▲ 40.9% | -357.71M▲ 0% |
| Pretax Margin % | 1.41% | -107.5% | -91.48% | -69.88% | -49.08% | -79.26% | -30.92% | -60.15% |
| Income Tax | 14.38M | -1.98M | -3.63M | 4.47M | 2.47M | 3.31M | -3.32M | 41.72M |
| Effective Tax Rate % | 443.27% | 2.69% | 3.3% | -2.44% | -1.57% | -1.26% | 2.14% | -11.66% |
| Net Income | 6.43M▲ 0% | -55.2M▼ 958.2% | -79.87M▼ 44.7% | -153.58M▼ 92.3% | -121.34M▲ 21.0% | -223.65M▼ 84.3% | -107.17M▲ 52.1% | -393.26M▲ 0% |
| Net Margin % | 2.8% | -80.51% | -66.44% | -58.63% | -37.86% | -67.47% | -21.33% | -66.13% |
| Net Income Growth % | - | -958.22% | -44.69% | -92.29% | 21% | -84.32% | 52.08% | -649.46% |
| Net Income (Continuing) | -11.14M | -71.72M | -106.34M | -187.52M | -159.75M | -266.06M | -152.05M | -426.74M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 36.54M | 22.34M | -91K | -26.83M | -71.43M | -127.51M | -167.56M | 970.52M |
| EPS (Diluted) | -0.11▲ 0% | -0.56▼ 409.1% | -0.81▼ 44.6% | -1.73▼ 113.6% | -1.78▼ 2.9% | -2.72▼ 52.8% | -2.26▲ 16.9% | -3.37▲ 0% |
| EPS Growth % | - | -409.09% | -44.64% | -113.58% | -2.89% | -52.81% | 16.91% | -236.09% |
| EPS (Basic) | -0.11 | -0.56 | -0.81 | -1.73 | -1.78 | -2.72 | -2.26 | - |
| Diluted Shares Outstanding | 99.19M | 99.19M | 99.19M | 99.45M | 102.96M | 108.22M | 115.21M | 116.69M |
| Basic Shares Outstanding | 99.19M | 99.19M | 99.19M | 99.45M | 102.96M | 108.22M | 115.21M | 116.69M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
FTAI Infrastructure Inc. (FIP) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 41.03M | 84.52M | 412.98M | 277.8M | 185.5M | 219.85M | 484.01M | 397.58M |
| Cash & Short-Term Investments | 6.52M | 15.71M | 49.87M | 36.49M | 29.37M | 27.79M | 325.95M | 227.43M |
| Cash Only | 6.52M | 15.71M | 49.87M | 36.49M | 29.37M | 27.79M | 325.95M | 227.43M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 14.95M | 4.95M | 50.3M | 60.81M | 55.99M | 53.38M | 95.39M | 97.37M |
| Days Sales Outstanding | 23.78 | 26.36 | 152.72 | 84.72 | 63.77 | 58.77 | 69.28 | 50.51 |
| Inventory | 5.6M | 100K | 251.98M | 113.16M | 300K | 311K | 0 | 0 |
| Days Inventory Outstanding | 6.58 | 0.32 | - | 141.51 | 0.32 | - | - | - |
| Other Current Assets | 13.96M | 59.56M | 43.43M | 67.36M | 99.85M | 128.63M | 62.68M | 72.78M |
| Total Non-Current Assets | 1.11B | 1.31B | 2.03B | 2.2B | 2.19B | 2.15B | 5.26B | 5.29B |
| Property, Plant & Equipment | 800.69M | 1.04B | 1.63B | 1.78B | 1.74B | 1.76B | 4.72B | 4.73B |
| Fixed Asset Turnover | 0.29x | 0.07x | 0.07x | 0.15x | 0.18x | 0.19x | 0.11x | 0.15x |
| Goodwill | 122.64M | 122.73M | 257.14M | 260.25M | 275.37M | 275.37M | 365.7M | 365.7M |
| Intangible Assets | 16.58M | 13.03M | 67.74M | 60.2M | 52.62M | 46.23M | 43.17M | 42.17M |
| Long-Term Investments | 155.9M | 123.79M | 54.41M | 73.59M | 72.7M | 12.53M | 22.24M | 1.19B |
| Other Non-Current Assets | 17.47M | 17M | 24.88M | 26.83M | 57.25M | 61.55M | 118.27M | 428.79M |
| Total Assets | 1.15B▲ 0% | 1.4B▲ 21.2% | 2.44B▲ 74.6% | 2.48B▲ 1.5% | 2.38B▼ 4.0% | 2.37B▼ 0.2% | 5.75B▲ 142.1% | 5.69B▲ 0% |
| Asset Turnover | 0.20x | 0.05x | 0.05x | 0.11x | 0.13x | 0.14x | 0.09x | 0.11x |
| Asset Growth % | - | 21.2% | 74.57% | 1.48% | -3.99% | -0.22% | 142.11% | 382.81% |
| Total Current Liabilities | 225.85M | 82.36M | 129.47M | 159.58M | 150.64M | 250.79M | 1.96B | 361.72M |
| Accounts Payable | 76.09M | 52.28M | 115.63M | 136.05M | 130.8M | 176.43M | 280.71M | 0 |
| Days Payables Outstanding | 89.42 | 168 | - | 170.14 | 137.53 | - | 229.32 | 183.33 |
| Short-Term Debt | 146.01M | 25M | 2.9M | 0 | 0 | 48.59M | 1.62B | 11.09M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 8.3M | 0 | 0 |
| Other Current Liabilities | 3.75M | 4.19M | 8.04M | 16.49M | 12.62M | -738K | 54.74M | 350.63M |
| Current Ratio | 0.18x | 1.03x | 3.19x | 1.74x | 1.23x | 0.88x | 0.25x | 0.25x |
| Quick Ratio | 0.16x | 1.02x | 1.24x | 1.03x | 1.23x | 0.88x | 0.25x | 0.25x |
| Cash Conversion Cycle | -59.06 | -141.31 | - | 56.1 | -73.44 | - | - | -132.81 |
| Total Non-Current Liabilities | 162.49M | 321.26M | 850.79M | 1.53B | 1.49B | 1.67B | 2.85B | 4.51B |
| Long-Term Debt | 147.28M | 253.47M | 718.62M | 1.23B | 1.34B | 1.54B | 2.23B | 85.48M |
| Capital Lease Obligations | 0 | 60.01M | 67.5M | 63.15M | 62.44M | 60.89M | 71M | 191.98M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 300.23M | 602.06M |
| Other Non-Current Liabilities | 15.21M | 7.77M | 64.66M | 236.13M | 87.53M | 67.1M | 243.72M | 5.8B |
| Total Liabilities | 388.34M | 403.61M | 980.25M | 1.69B | 1.64B | 1.92B | 4.8B | 4.87B |
| Total Debt | 293.29M | 339.38M | 789.03M | 1.3B | 1.41B | 1.66B | 3.93B | 96.57M |
| Net Debt | 286.77M | 323.67M | 739.16M | 1.26B | 1.38B | 1.63B | 3.6B | -130.86M |
| Debt / Equity | 0.38x | 0.34x | 0.54x | 1.65x | 1.91x | 3.63x | 4.16x | 4.16x |
| Debt / EBITDA | - | - | - | 43.41x | 33.99x | 28.69x | 22.82x | -2.99x |
| Net Debt / EBITDA | - | - | - | 42.19x | 33.28x | 28.21x | 20.93x | 20.93x |
| Interest Coverage | 1.18x | -5.85x | -5.87x | -2.44x | -0.58x | -1.15x | 0.42x | -0.08x |
| Total Equity | 765.97M▲ 0% | 995.4M▲ 30.0% | 1.46B▲ 46.9% | 789.38M▼ 46.0% | 738.09M▼ 6.5% | 456.36M▼ 38.2% | 943.98M▲ 106.9% | 1.79B▲ 0% |
| Equity Growth % | - | 29.95% | 46.88% | -46.01% | -6.5% | -38.17% | 106.85% | 161.39% |
| Book Value per Share | 7.72 | 10.04 | 14.74 | 7.94 | 7.17 | 4.22 | 8.19 | 15.34 |
| Total Shareholders' Equity | 729.43M | 973.05M | 1.46B | 816.21M | 809.52M | 583.87M | 1.11B | 820.06M |
| Common Stock | 729.06M | 999.29M | 1.62B | 994K | 1.01M | 1.14M | 1.16M | 0 |
| Retained Earnings | 0 | 0 | 0 | -60.84M | -182.17M | -405.82M | -512.99M | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 372K | -26.24M | -155.46M | -300.13M | -178.51M | -157.05M | -90.62M | 0 |
| Minority Interest | 36.54M | 22.34M | -91K | -26.83M | -71.43M | -127.51M | -167.56M | 970.52M |
FTAI Infrastructure Inc. (FIP) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -52.67M | -46.86M | -61.72M | -42.69M | 5.51M | -15.28M | -118.01M | -118.01M |
| Operating CF Margin % | -22.96% | -68.35% | -51.34% | -16.3% | 1.72% | -4.61% | -23.48% | - |
| Operating CF Growth % | - | 11.03% | -31.7% | 30.83% | 112.91% | -377.13% | -672.42% | -116.05% |
| Net Income | -11.14M | -71.72M | -106.34M | -187.52M | -159.75M | -266.06M | -260.41M | -393.26M |
| Depreciation & Amortization | 33.13M | 31.11M | 54.02M | 70.75M | 80.99M | 79.41M | 132.49M | 158.17M |
| Stock-Based Compensation | 1.51M | 2.33M | 4.04M | 4.15M | 9.2M | 8.64M | 11.08M | 20.8M |
| Deferred Taxes | 14.1M | -2.28M | -3.87M | 3.98M | 2.02M | 1.92M | -5.76M | 37.66M |
| Other Non-Cash Items | -107.34M | 9.56M | 13.94M | 74.75M | 35.35M | 146.69M | 46.47M | 152.54M |
| Working Capital Changes | 17.07M | -15.86M | -23.5M | -8.8M | 37.7M | 14.13M | -41.88M | 26.43M |
| Change in Receivables | 4.12M | 10M | -26.8M | -3.3M | 2.84M | 2.13M | -9.92M | -12.01M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 21.34M | -14.22M | 15.49M | 7.01M | 8.55M | 20.97M | 51.74M | 11.36M |
| Cash from Investing | -258.58M | -252.22M | -828.72M | -267.27M | -147.12M | -118.14M | -1.14B | -1.35B |
| Capital Expenditures | -323.04M | -247.52M | -140.9M | -217.14M | -100.75M | 0 | -281.25M | 0 |
| CapEx % of Revenue | 140.79% | 361.02% | 117.2% | 82.89% | 31.44% | 24.98% | 55.97% | - |
| Acquisitions | 62.9M | 0 | -682.31M | -9.81M | -11.53M | 4.68M | -856.64M | -1.08B |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | 1.55M | 0 | -5.51M | 7.14M | -27.77M | -114M | 2.77M | -268.45M |
| Cash from Financing | 293.65M | 337.63M | 1.14B | 157.74M | 79.45M | 193.23M | 1.44B | 1.46B |
| Debt Issued (Net) | 196.96M | 24M | 451.1M | 519.02M | 106.22M | 250.83M | 951.66M | -28.24M |
| Equity Issued (Net) | 0 | 325.44M | 698.18M | 291M | 0 | 0 | 534.38M | 534.38M |
| Dividends Paid | 0 | 0 | 0 | -4.92M | -14.13M | -27.79M | -13.83M | -13.93M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | -447.12M | -447.12M |
| Other Financing | 96.69M | -11.8M | -12.41M | -647.36M | -12.64M | -29.81M | -32.88M | 965.27M |
| Net Change in Cash | -17.6M▲ 0% | 38.55M▲ 319.0% | 246.43M▲ 539.2% | -152.21M▼ 161.8% | -62.16M▲ 59.2% | 59.82M▲ 196.2% | 178.65M▲ 198.7% | 4.02M▲ 0% |
| Free Cash Flow | -375.71M▲ 0% | -294.38M▲ 21.6% | -202.61M▲ 31.2% | -259.83M▼ 28.2% | -95.23M▲ 63.3% | -98.1M▼ 3.0% | -399.26M▼ 307.0% | -101.21M▲ 0% |
| FCF Margin % | -163.74% | -429.37% | -168.54% | -99.19% | -29.72% | -29.59% | -79.45% | -17.02% |
| FCF Growth % | - | 21.65% | 31.17% | -28.24% | 63.35% | -3.01% | -306.99% | 56.59% |
| FCF per Share | -3.79 | -2.97 | -2.04 | -2.61 | -0.92 | -0.91 | -3.47 | -3.47 |
| FCF Conversion (FCF/Net Income) | -8.19x | 0.85x | 0.77x | 0.28x | -0.05x | 0.07x | 1.10x | 0.26x |
| Interest Paid | 13.11M | 8.59M | 7.3M | 38.08M | 88.41M | 94.4M | 0 | 0 |
| Taxes Paid | 162K | 329K | 334K | 379K | 459K | 457K | 0 | 0 |
FTAI Infrastructure Inc. (FIP) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -6.27% | -6.5% | -13.64% | -15.89% | -37.45% | -15.31% | -42.71% |
| Return on Invested Capital (ROIC) | -3.39% | -2.42% | -1.44% | -1.42% | -0.77% | 0.89% | 0.89% |
| Gross Margin | -65.66% | 100% | -11.42% | -8.32% | 100% | 11.09% | 9.11% |
| Net Margin | -80.51% | -66.44% | -58.63% | -37.86% | -67.47% | -21.33% | -66.13% |
| Debt / Equity | 0.34x | 0.54x | 1.65x | 1.91x | 3.63x | 4.16x | 4.16x |
| Interest Coverage | -5.85x | -5.87x | -2.44x | -0.58x | -1.15x | 0.42x | -0.08x |
| FCF Conversion | 0.85x | 0.77x | 0.28x | -0.05x | 0.07x | 1.10x | 0.26x |
| Revenue Growth | -70.12% | 75.34% | 117.91% | 22.33% | 3.44% | 51.59% | 72.32% |
FTAI Infrastructure Inc. (FIP) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 7, 2026·SEC
Apr 30, 2026·SEC
Apr 17, 2026·SEC
FTAI Infrastructure Inc. (FIP) stock FAQ — growth, dividends, profitability & financials explained
FTAI Infrastructure Inc. (FIP) reported $594.7M in revenue for fiscal year 2025. This represents a 159% increase from $229.5M in 2019.
FTAI Infrastructure Inc. (FIP) grew revenue by 51.6% over the past year. This is strong growth.
FTAI Infrastructure Inc. (FIP) reported a net loss of $393.3M for fiscal year 2025.
Yes, FTAI Infrastructure Inc. (FIP) pays a dividend with a yield of 2.34%. This makes it attractive for income-focused investors.
FTAI Infrastructure Inc. (FIP) has a return on equity (ROE) of -15.3%. Negative ROE indicates the company is unprofitable.
FTAI Infrastructure Inc. (FIP) had negative free cash flow of $101.2M in fiscal year 2025, likely due to heavy capital investments.
FTAI Infrastructure Inc. (FIP) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates