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FTAI Infrastructure Inc. (FIP) 10-Year Financial Performance & Capital Metrics

FIP • • Industrial / General
IndustrialsConglomeratesInfrastructure & Energy ConglomeratesIntegrated Infrastructure & Energy
AboutFTAI Infrastructure Inc. focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation and energy industries. It operates a multi-modal crude oil and refined products terminal, and other related assets. The company also has a 1,630-acre deep-water port located along the Delaware River with an underground storage cavern, a multipurpose dock, a rail-to-ship transloading system, and multiple industrial development opportunities; and a 1,660-acre multi-modal port located along the Ohio River with rail, dock, and multiple industrial development opportunities, including a power plant under construction. In addition, it operates five freight railroads and one switching facility. FTAI Infrastructure Inc. was incorporated in 2021 and is based in New York, New York. FTAI Infrastructure Inc. (NasdaqGS : FIP) operates independently of Fortress Transportation and Infrastructure Investors LLC as of August 1, 2022.Show more
  • Revenue $331M +3.4%
  • EBITDA $58M +39.1%
  • Net Income -$224M -84.3%
  • EPS (Diluted) -2.72 -52.8%
  • Gross Margin 100% +1302.1%
  • EBITDA Margin 17.41% +34.4%
  • Operating Margin -6.55% +46.9%
  • Net Margin -67.47% -78.2%
  • ROE -37.45% -135.7%
  • ROIC -0.77% +45.5%
  • Debt/Equity 3.63 +89.9%
  • Interest Coverage -0.18 +55.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Healthy dividend yield of 2.2%
  • ✓Trading at only 1.3x book value

✗Weaknesses

  • ✗High debt to equity ratio of 3.6x
  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y7.64%
3Y40.23%
TTM32.39%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM4.47%

EPS CAGR

10Y-
5Y-
3Y-
TTM-21.61%

ROCE

10Y Avg-3.66%
5Y Avg-2.48%
3Y Avg-1.5%
Latest-1%

Peer Comparison

Integrated Infrastructure & Energy
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
MDUMDU Resources Group, Inc.4.2B20.4214.91-2.52%9.02%6.22%0.85
FIPFTAI Infrastructure Inc.653.57M5.62-2.073.44%-30.62%-77.95%3.63

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+229.45M68.56M120.22M261.97M320.47M331.5M
Revenue Growth %--0.7%0.75%1.18%0.22%0.03%
Cost of Goods Sold+310.58M113.58M0291.87M347.13M0
COGS % of Revenue1.35%1.66%-1.11%1.08%-
Gross Profit+-81.13M-45.02M120.22M-29.9M-26.66M331.5M
Gross Margin %-0.35%-0.66%1%-0.11%-0.08%1%
Gross Profit Growth %-0.45%3.67%-1.25%0.11%13.43%
Operating Expenses+7.47M8.52M176.93M10.89M12.83M353.2M
OpEx % of Revenue0.03%0.12%1.47%0.04%0.04%1.07%
Selling, General & Admin7.47M8.52M8.74M23.86M12.83M14.8M
SG&A % of Revenue0.03%0.12%0.07%0.09%0.04%0.04%
Research & Development000000
R&D % of Revenue------
Other Operating Expenses00168.19M-12.96M0338.4M
Operating Income+-88.59M-53.54M-56.71M-40.8M-39.49M-21.7M
Operating Margin %-0.39%-0.78%-0.47%-0.16%-0.12%-0.07%
Operating Income Growth %-0.4%-0.06%0.28%0.03%0.45%
EBITDA+-55.47M-22.42M-2.7M29.95M41.5M57.71M
EBITDA Margin %-0.24%-0.33%-0.02%0.11%0.13%0.17%
EBITDA Growth %-0.6%0.88%12.11%0.39%0.39%
D&A (Non-Cash Add-back)33.13M31.11M54.02M70.75M80.99M79.41M
EBIT21.15M-62.94M-93.95M-129.81M-57.68M-140.64M
Net Interest Income+-17.91M-10.76M-16.02M-53.24M-99.6M-122.11M
Interest Income000000
Interest Expense17.91M10.76M16.02M53.24M99.6M122.11M
Other Income/Expense91.84M-20.17M-53.26M-142.25M-117.79M-241.05M
Pretax Income+3.25M-73.71M-109.97M-183.05M-157.28M-262.75M
Pretax Margin %0.01%-1.08%-0.91%-0.7%-0.49%-0.79%
Income Tax+14.38M-1.98M-3.63M4.47M2.47M3.31M
Effective Tax Rate %1.98%0.75%0.73%0.84%0.77%0.85%
Net Income+6.43M-55.2M-79.87M-153.58M-121.34M-223.65M
Net Margin %0.03%-0.81%-0.66%-0.59%-0.38%-0.67%
Net Income Growth %--9.58%-0.45%-0.92%0.21%-0.84%
Net Income (Continuing)-11.14M-71.72M-106.34M-187.52M-159.75M-266.06M
Discontinued Operations000000
Minority Interest36.54M22.34M-91K-26.83M-71.43M-127.51M
EPS (Diluted)+-0.11-0.56-0.81-1.73-1.78-2.72
EPS Growth %--4.09%-0.45%-1.14%-0.03%-0.53%
EPS (Basic)-0.11-0.56-0.81-1.73-1.78-2.72
Diluted Shares Outstanding99.19M99.19M99.19M99.45M102.96M108.22M
Basic Shares Outstanding99.19M99.19M99.19M99.45M102.96M108.22M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+41.03M84.52M412.98M277.8M185.5M219.85M
Cash & Short-Term Investments6.52M15.71M49.87M36.49M29.37M27.79M
Cash Only6.52M15.71M49.87M36.49M29.37M27.79M
Short-Term Investments000000
Accounts Receivable14.95M4.95M50.3M60.81M55.99M53.38M
Days Sales Outstanding23.7826.36152.7284.7263.7758.77
Inventory5.6M100K251.98M113.16M300K311K
Days Inventory Outstanding6.580.32-141.510.32-
Other Current Assets13.96M59.56M43.43M67.36M99.85M128.63M
Total Non-Current Assets+1.11B1.31B2.03B2.2B2.19B2.15B
Property, Plant & Equipment800.69M1.04B1.63B1.78B1.74B1.76B
Fixed Asset Turnover0.29x0.07x0.07x0.15x0.18x0.19x
Goodwill122.64M122.73M257.14M260.25M275.37M275.37M
Intangible Assets16.58M13.03M67.74M60.2M52.62M46.23M
Long-Term Investments155.9M123.79M54.41M73.59M72.7M12.53M
Other Non-Current Assets17.47M17M24.88M26.83M57.25M61.55M
Total Assets+1.15B1.4B2.44B2.48B2.38B2.37B
Asset Turnover0.20x0.05x0.05x0.11x0.13x0.14x
Asset Growth %-0.21%0.75%0.01%-0.04%-0%
Total Current Liabilities+225.85M82.36M129.47M159.58M150.64M250.79M
Accounts Payable76.09M52.28M115.63M136.05M130.8M176.43M
Days Payables Outstanding89.42168-170.14137.53-
Short-Term Debt146.01M25M2.9M0048.59M
Deferred Revenue (Current)000001000K
Other Current Liabilities3.75M4.19M8.04M16.49M12.62M-738K
Current Ratio0.18x1.03x3.19x1.74x1.23x0.88x
Quick Ratio0.16x1.02x1.24x1.03x1.23x0.88x
Cash Conversion Cycle-59.06-141.31-56.1-73.44-
Total Non-Current Liabilities+162.49M321.26M850.79M1.53B1.49B1.67B
Long-Term Debt147.28M253.47M718.62M1.23B1.34B1.54B
Capital Lease Obligations060.01M67.5M63.15M62.44M60.89M
Deferred Tax Liabilities000000
Other Non-Current Liabilities15.21M7.77M64.66M236.13M87.53M67.1M
Total Liabilities388.34M403.61M980.25M1.69B1.64B1.92B
Total Debt+293.29M339.38M789.03M1.3B1.41B1.66B
Net Debt286.77M323.67M739.16M1.26B1.38B1.63B
Debt / Equity0.38x0.34x0.54x1.65x1.91x3.63x
Debt / EBITDA---43.41x33.99x28.69x
Net Debt / EBITDA---42.19x33.28x28.21x
Interest Coverage-4.95x-4.97x-3.54x-0.77x-0.40x-0.18x
Total Equity+765.97M995.4M1.46B789.38M738.09M456.36M
Equity Growth %-0.3%0.47%-0.46%-0.06%-0.38%
Book Value per Share7.7210.0414.747.947.174.22
Total Shareholders' Equity729.43M973.05M1.46B816.21M809.52M583.87M
Common Stock729.06M999.29M1.62B994K1.01M1.14M
Retained Earnings000-60.84M-182.17M-405.82M
Treasury Stock000000
Accumulated OCI372K-26.24M-155.46M-300.13M-178.51M-157.05M
Minority Interest36.54M22.34M-91K-26.83M-71.43M-127.51M

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-52.67M-46.86M-61.72M-42.69M5.51M-15.28M
Operating CF Margin %-0.23%-0.68%-0.51%-0.16%0.02%-0.05%
Operating CF Growth %-0.11%-0.32%0.31%1.13%-3.77%
Net Income-11.14M-71.72M-106.34M-187.52M-159.75M-266.06M
Depreciation & Amortization33.13M31.11M54.02M70.75M80.99M79.41M
Stock-Based Compensation1.51M2.33M4.04M4.15M9.2M8.64M
Deferred Taxes14.1M-2.28M-3.87M3.98M2.02M1.92M
Other Non-Cash Items-107.34M9.56M13.94M74.75M35.35M146.69M
Working Capital Changes17.07M-15.86M-23.5M-8.8M37.7M14.13M
Change in Receivables4.12M10M-26.8M-3.3M2.84M2.13M
Change in Inventory000000
Change in Payables21.34M-14.22M15.49M7.01M8.55M20.97M
Cash from Investing+-258.58M-252.22M-828.72M-267.27M-147.12M-118.14M
Capital Expenditures-323.04M-247.52M-140.9M-217.14M-100.75M0
CapEx % of Revenue1.41%3.61%1.17%0.83%0.31%0.25%
Acquisitions------
Investments------
Other Investing1.55M0-5.51M7.14M-27.77M-114M
Cash from Financing+293.65M337.63M1.14B157.74M79.45M193.23M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000-4.92M-14.13M-27.79M
Share Repurchases------
Other Financing96.69M-11.8M-12.41M-647.36M-12.64M-29.81M
Net Change in Cash------
Free Cash Flow+-375.71M-294.38M-202.61M-259.83M-95.23M-98.1M
FCF Margin %-1.64%-4.29%-1.69%-0.99%-0.3%-0.3%
FCF Growth %-0.22%0.31%-0.28%0.63%-0.03%
FCF per Share-3.79-2.97-2.04-2.61-0.92-0.91
FCF Conversion (FCF/Net Income)-8.19x0.85x0.77x0.28x-0.05x0.07x
Interest Paid13.11M8.59M7.3M38.08M88.41M94.4M
Taxes Paid162K329K334K379K459K457K

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)0.84%-6.27%-6.5%-13.64%-15.89%-37.45%
Return on Invested Capital (ROIC)-6.31%-3.39%-2.42%-1.44%-1.42%-0.77%
Gross Margin-35.36%-65.66%100%-11.42%-8.32%100%
Net Margin2.8%-80.51%-66.44%-58.63%-37.86%-67.47%
Debt / Equity0.38x0.34x0.54x1.65x1.91x3.63x
Interest Coverage-4.95x-4.97x-3.54x-0.77x-0.40x-0.18x
FCF Conversion-8.19x0.85x0.77x0.28x-0.05x0.07x
Revenue Growth--70.12%75.34%117.91%22.33%3.44%

Revenue by Segment

202220232024
Service, Other59.57M83.35M93.26M
Service, Other Growth-39.91%11.89%
License and Service3.22M3.09M4.96M
License and Service Growth--4.10%60.67%
Product and Service, Other3.47M-1.95M32K
Product and Service, Other Growth--156.23%101.64%

Frequently Asked Questions

Growth & Financials

FTAI Infrastructure Inc. (FIP) reported $439.8M in revenue for fiscal year 2024. This represents a 92% increase from $229.5M in 2019.

FTAI Infrastructure Inc. (FIP) grew revenue by 3.4% over the past year. Growth has been modest.

FTAI Infrastructure Inc. (FIP) reported a net loss of $134.6M for fiscal year 2024.

Dividend & Returns

Yes, FTAI Infrastructure Inc. (FIP) pays a dividend with a yield of 2.16%. This makes it attractive for income-focused investors.

FTAI Infrastructure Inc. (FIP) has a return on equity (ROE) of -37.4%. Negative ROE indicates the company is unprofitable.

FTAI Infrastructure Inc. (FIP) had negative free cash flow of $151.2M in fiscal year 2024, likely due to heavy capital investments.

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