Go Pro
→ My top 3 AI picks for the next decade (From The Oxford Club) (Ad)tc pixel Free FIP Stock Alerts

FTAI Infrastructure (FIP) Financials

FTAI Infrastructure logo
$3.80 +0.07 (+1.88%)
As of 03:39 PM Eastern
Compare
Annual Income Statements for FTAI Infrastructure

Annual Income Statements for FTAI Infrastructure

This table shows FTAI Infrastructure's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -55 -80 -177 -184 -294 -207
Consolidated Net Income / (Loss)		 -72 -106 -188 -160 -266 -152
Net Income / (Loss) Continuing Operations		 -72 -106 -188 -160 -266 -152
Total Pre-Tax Income 		-74 -110 -183 -157 -263 -155
Total Operating Income		 -55 -72 -59 -44 -99 7.97
Total Gross Profit		 69 120 262 320 331 503
Total Revenue		 69 120 262 320 331 503
Operating Revenue		 69 120 262 320 331 503
Total Cost of Revenue		 0.00 0.00 0.00 0.00 0.00 0.00
Total Operating Expenses		 124 192 321 365 431 495
Selling, General & Admin Expense		 78 107 219 267 262 316
Depreciation Expense		 31 54 71 81 79 132
Other Operating Expenses / (Income)		 13 16 13 12 11 15
Impairment Charge		 - - - 0.74 72 4.40
Restructuring Charge		 1.66 15 17 4.14 5.46 27
Total Other Income / (Expense), net		 -19 -38 -124 -113 -163 -163
Interest Expense		 15 16 53 102 131 325
Interest & Investment Income		 -3.11 -13 -67 -25 -55 12
Other Income / (Expense), net		 0.08 -8.91 -3.17 13 23 150
Income Tax Expense		 -1.98 -3.63 4.47 2.47 3.31 -3.32
Preferred Stock Dividends Declared		 0.00 0.00 24 62 71 100
Net Income / (Loss) Attributable to Noncontrolling Interest		 -17 -26 -34 -38 -42 -45
Weighted Average Basic Shares Outstanding		 99.39M 99.39M 102.75M 102.96M 108.22M 115.21M
Diluted Earnings per Share		 ($0.56) ($0.80) - ($1.79) ($2.72) ($2.26)
Weighted Average Diluted Shares Outstanding		 99.39M 99.39M 102.75M 102.96M 108.22M 115.21M
Weighted Average Basic & Diluted Shares Outstanding		 - - 99.45M 101.69M 113.94M 118.16M

Quarterly Income Statements for FTAI Infrastructure

This table shows FTAI Infrastructure's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -48 -57 -54 -50 -134 110 -84 -118 -119 -150 -166
Consolidated Net Income / (Loss)		 -40 -50 -48 -43 -125 120 -70 -105 -98 -127 -139
Net Income / (Loss) Continuing Operations		 -42 -50 -48 -43 -61 120 -70 -105 -98 -127 -139
Total Pre-Tax Income 		-40 -48 -48 -43 -123 79 -69 -99 -66 -124 -151
Total Operating Income		 1.85 -11 -3.19 -7.27 -5.73 113 -6.79 21 -117 2.25 -47
Total Gross Profit		 81 83 85 83 81 96 122 141 144 188 187
Total Revenue		 81 83 85 83 81 96 122 141 144 188 187
Operating Revenue		 81 83 85 83 81 96 122 141 144 188 187
Total Cost of Revenue		 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 0.00
Total Operating Expenses		 80 94 88 91 86 -17 129 120 261 186 233
Selling, General & Admin Expense		 61 69 64 66 63 72 78 78 87 124 121
Depreciation Expense		 20 21 20 19 19 25 34 35 39 51 40
Other Operating Expenses / (Income)		 3.16 3.00 2.78 2.81 2.73 2.54 3.68 3.78 4.71 4.09 3.68
Impairment Charge		 - 0.00 0.00 0.00 - 0.00 4.40 0.00 -1.38 0.00 63
Restructuring Charge		 2.59 0.93 0.92 2.53 1.08 3.52 8.70 3.22 12 6.82 6.02
Total Other Income / (Expense), net		 -43 -37 -45 -36 -54 -34 -62 -120 52 -126 -104
Interest Expense		 28 28 39 31 42 43 63 129 90 128 107
Interest & Investment Income		 -18 -12 -13 -14 -16 5.31 -2.00 2.93 4.68 -0.52 -0.56
Other Income / (Expense), net		 2.61 2.37 6.96 9.30 5.04 3.69 3.05 5.55 137 2.98 3.27
Income Tax Expense		 -0.09 1.81 0.27 -0.09 1.33 -42 0.95 5.08 32 3.52 -12
Preferred Stock Dividends Declared		 17 17 18 17 19 22 25 12 45 37 38
Net Income / (Loss) Attributable to Noncontrolling Interest		 -8.31 -11 -11 -9.96 -10 -11 -11 -11 -11 -14 -11
Basic Earnings per Share		 - ($0.54) ($0.52) ($0.45) - $0.95 ($0.73) ($1.38) - ($1.32) ($1.41)
Weighted Average Basic Shares Outstanding		 102.96M 104.19M 105.04M 109.72M 108.22M 114.10M 114.88M 115.56M 115.21M 116.69M 118.16M
Diluted Earnings per Share		 - ($0.54) ($0.52) ($0.45) - $0.89 ($0.73) ($1.38) ($1.04) ($1.32) ($1.41)
Weighted Average Diluted Shares Outstanding		 102.96M 104.19M 105.04M 109.72M 108.22M 122.76M 114.88M 115.56M 115.21M 116.69M 118.16M
Weighted Average Basic & Diluted Shares Outstanding		 101.69M 101.69M 105.04M 113.75M 113.94M 114.76M 115.09M 116.29M 118.16M 118.16M 118.18M

Annual Cash Flow Statements for FTAI Infrastructure

This table details how cash moves in and out of FTAI Infrastructure's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 39 246 -152 -62 60 179
Net Cash From Operating Activities		 -47 -62 -43 5.51 -15 -118
Net Cash From Continuing Operating Activities		 -47 -62 -43 5.51 -15 -118
Net Income / (Loss) Continuing Operations		 -72 -106 -188 -160 -266 -152
Consolidated Net Income / (Loss)		 -72 -106 -188 -160 -266 -152
Depreciation Expense		 31 54 71 81 79 132
Amortization Expense		 1.54 2.60 6.30 12 15 14
Non-Cash Adjustments To Reconcile Net Income		 10 15 73 33 140 -65
Changes in Operating Assets and Liabilities, net		 -18 -27 -4.82 40 16 -48
Net Cash From Investing Activities		 -252 -829 -267 -147 -118 -1,143
Net Cash From Continuing Investing Activities		 -252 -829 -267 -147 -118 -1,143
Purchase of Property, Plant & Equipment		 -248 -141 -217 -101 -83 -281
Acquisitions		 0.00 -627 -3.82 -4.45 0.00 -857
Sale of Property, Plant & Equipment		 0.00 4.49 7.14 1.19 1.20 2.78
Other Investing Activities, net		 -4.69 -55 -6.00 -7.08 -8.56 -7.55
Net Cash From Financing Activities		 338 1,137 158 79 193 1,439
Net Cash From Continuing Financing Activities		 338 1,137 158 79 193 1,439
Repayment of Debt		 -252 -12 -14 -84 -259 -842
Repurchase of Preferred Equity		 - - - 0.00 0.00 -447
Repurchase of Common Equity		 0.00 0.00 -16 0.00 0.00 -21
Payment of Dividends		 0.00 0.00 -5.06 -16 -43 -41
Issuance of Debt		 264 451 519 181 498 1,794
Issuance of Preferred Equity		 0.00 0.00 291 0.00 0.00 1,000
Issuance of Common Equity		 0.00 0.00 0.73 0.00 0.00 2.69
Other Financing Activities, net		 325 698 -618 -2.16 -3.34 -6.05
Cash Interest Paid		 8.59 7.30 38 88 94 220

Quarterly Cash Flow Statements for FTAI Infrastructure

This table details how cash moves in and out of FTAI Infrastructure's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 9.56 -23 122 -42 2.66 76 225 -94 -28 -99 -55
Net Cash From Operating Activities		 7.73 -3.88 -18 14 -8.06 -86 -5.22 -24 -2.75 -69 39
Net Cash From Continuing Operating Activities		 7.73 -3.88 -18 14 -8.06 -86 -6.12 -23 -2.75 -69 39
Net Income / (Loss) Continuing Operations		 -40 -50 -48 -43 -125 120 -70 -105 -98 -127 -139
Consolidated Net Income / (Loss)		 -40 -50 -48 -43 -125 120 -70 -105 -98 -127 -139
Depreciation Expense		 20 21 20 19 19 25 34 35 39 51 40
Amortization Expense		 3.24 3.36 4.11 3.32 4.14 3.21 2.73 1.51 6.78 5.80 34
Non-Cash Adjustments To Reconcile Net Income		 15 14 24 10 92 -124 12 57 -10 57 76
Changes in Operating Assets and Liabilities, net		 9.33 8.11 -18 24 1.52 -110 16 -13 60 -56 29
Net Cash From Investing Activities		 -8.11 -19 -34 -37 -28 164 -86 -1,175 -46 -45 -133
Net Cash From Continuing Investing Activities		 -8.11 -19 -34 -37 -28 164 -86 -1,175 -46 -45 -133
Purchase of Property, Plant & Equipment		 -22 -13 -15 -26 -28 -67 -82 -66 -65 -46 -86
Acquisitions		 - 0.00 - - - 227 - - -1,084 0.00 -40
Sale of Property, Plant & Equipment		 -0.07 0.02 0.09 0.49 0.60 0.14 2.06 0.46 0.12 8.90 0.14
Other Investing Activities, net		 -1.01 -5.61 -1.03 -0.63 -1.29 4.06 -5.64 -1,109 1,103 -7.18 -7.21
Net Cash From Financing Activities		 9.94 -0.45 174 -19 39 -2.54 316 1,105 21 16 72
Net Cash From Continuing Financing Activities		 9.94 -0.45 173 -19 39 -2.54 316 1,105 21 16 72
Repayment of Debt		 -2.36 -0.27 -252 -5.38 -1.04 -1.27 -146 -676 -19 -1,332 -22
Payment of Dividends		 -4.88 0.00 -21 -13 -8.36 -29 -3.44 -3.46 -4.80 -8.91 -4.43
Issuance of Debt		 19 0.00 450 - 49 28 466 1,250 50 1,359 98
Other Financing Activities, net		 -2.07 -0.19 -3.03 0.00 -0.12 -0.55 - -0.65 -4.85 -2.82 -0.08

Annual Balance Sheets for FTAI Infrastructure

This table presents FTAI Infrastructure's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 2,442 2,478 2,380 2,374 5,749
Total Current Assets		 413 278 186 220 484
Cash & Equivalents		 50 36 29 28 57
Restricted Cash		 252 113 58 120 269
Accounts Receivable		 50 61 56 53 95
Other Current Assets		 61 67 42 20 13
Other Current Nonoperating Assets		 - - - - 0.00
Plant, Property, & Equipment, net		 1,518 1,674 1,631 1,653 4,582
Total Noncurrent Assets		 512 527 563 501 683
Long-Term Investments		 54 74 73 13 22
Goodwill		 257 260 275 275 366
Intangible Assets		 68 60 53 46 43
Other Noncurrent Operating Assets		 132 133 163 167 252
Other Noncurrent Nonoperating Assets		 - - - - 0.00
Total Liabilities & Shareholders' Equity		 2,442 2,478 2,380 2,374 5,749
Total Liabilities		 980 1,689 1,642 1,918 4,805
Total Current Liabilities		 129 160 151 251 410
Short-Term Debt		 - - 0.00 49 65
Accounts Payable		 116 136 131 176 281
Other Current Liabilities		 14 24 20 26 64
Other Current Nonoperating Liabilities		 - - - - 0.00
Total Noncurrent Liabilities		 851 1,529 1,491 1,667 4,395
Long-Term Debt		 719 1,230 1,341 1,539 3,709
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - 9.64 300
Other Noncurrent Operating Liabilities		 132 299 150 118 386
Other Noncurrent Nonoperating Liabilities		 - - - - 0.00
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 0.00 265 325 381 1,090
Total Equity & Noncontrolling Interests		 1,462 525 413 75 -146
Total Preferred & Common Equity		 1,462 552 484 203 21
Total Common Equity		 1,462 552 484 203 21
Common Stock		 0.00 913 845 766 625
Retained Earnings		 0.00 -61 -182 -406 -513
Accumulated Other Comprehensive Income / (Loss)		 -155 -300 -179 -157 -91
Noncontrolling Interest		 -0.09 -27 -71 -128 -168

Quarterly Balance Sheets for FTAI Infrastructure

This table presents FTAI Infrastructure's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 2,447 2,438 2,385 2,345 2,452 2,437 4,142 4,407 5,452 5,689 5,747
Total Current Assets		 239 214 180 165 289 247 319 539 443 398 368
Cash & Equivalents		 40 43 24 23 33 20 26 34 35 38 33
Restricted Cash		 68 55 53 41 153 124 197 415 319 190 140
Accounts Receivable		 72 56 65 54 52 55 65 68 64 97 90
Other Current Assets		 59 61 37 46 51 47 30 23 25 73 15
Other Current Nonoperating Assets		 - - - - - - - - - - 57
Plant, Property, & Equipment, net		 1,685 1,688 1,664 1,611 1,606 1,625 3,187 3,233 3,255 4,576 3,136
Total Noncurrent Assets		 523 535 541 569 557 566 636 635 1,754 714 2,243
Long-Term Investments		 72 70 70 68 63 54 14 18 1,132 22 21
Goodwill		 260 260 275 275 275 275 403 401 401 366 275
Intangible Assets		 58 56 55 51 49 47 47 45 44 42 56
Other Noncurrent Operating Assets		 132 148 141 175 170 189 172 171 176 285 290
Other Noncurrent Nonoperating Assets		 - - - - - - - - - - 1,600
Total Liabilities & Shareholders' Equity		 2,447 2,438 2,385 2,345 2,452 2,437 4,142 4,407 5,452 5,689 5,747
Total Liabilities		 1,647 1,612 1,604 1,682 1,806 1,817 3,275 3,631 4,373 4,868 5,108
Total Current Liabilities		 155 182 162 240 138 174 371 363 1,771 362 1,334
Short-Term Debt		 - 24 0.00 78 - - 91 83 1,515 25 477
Accounts Payable		 133 122 136 140 112 153 210 223 203 252 237
Other Current Liabilities		 22 36 27 22 26 21 70 57 53 84 41
Other Current Nonoperating Liabilities		 - - - - - - - - - - 580
Total Noncurrent Liabilities		 1,493 1,430 1,442 1,442 1,668 1,644 2,904 3,268 2,602 4,507 3,774
Long-Term Debt		 1,274 1,277 1,318 1,267 1,554 1,536 2,664 3,002 2,214 3,788 2,287
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - - - - - - 302 289
Other Noncurrent Operating Liabilities		 219 153 123 176 114 108 241 267 389 417 287
Other Noncurrent Nonoperating Liabilities		 - - - - - - - - - - 911
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 279 294 310 342 360 367 529 550 1,059 1,123 1,157
Total Equity & Noncontrolling Interests		 520 531 470 321 287 253 337 226 20 -303 -519
Total Preferred & Common Equity		 560 581 534 403 395 371 476 375 181 -122 -330
Total Common Equity		 560 581 534 403 395 371 476 375 181 -122 -330
Common Stock		 894 876 864 824 805 787 750 726 676 591 555
Retained Earnings		 -87 -110 -151 -222 -259 -292 -274 -333 -439 -626 -754
Accumulated Other Comprehensive Income / (Loss)		 -247 -185 -179 -200 -151 -125 0.94 -17 -56 -87 -131
Noncontrolling Interest		 -39 -49 -63 -82 -108 -118 -139 -150 -161 -181 -189

Annual Metrics And Ratios for FTAI Infrastructure

This table displays calculated financial ratios and metrics derived from FTAI Infrastructure's official financial filings.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - 116,294,461.00
DEI Adjusted Shares Outstanding		 - - - - - 116,294,461.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - -1.78
Growth Metrics		 - - - - - -
Profitability Metrics		 - - - - - -
Net Operating Profit after Tax (NOPAT)		 -39 -50 -41 -26 -17 5.58
Return On Investment Capital (ROIC_SIMPLE)		 - - -2.36% -1.47% -1.04% 0.15%
Earnings before Interest and Taxes (EBIT)		 -55 -80 -62 -30 -3.89 158
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -22 -24 15 62 90 304
Valuation Ratios		 - - - - - -
Leverage & Solvency		 - - - - - -
Liquidity Ratios		 - - - - - -
Cash Flow Metrics		 - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -1,874 -13 -148 17 -2,480
Efficiency Ratios		 - - - - - -
Capital & Investment Metrics		 - - - - - -
Invested Capital		 0.00 1,824 1,796 1,919 1,884 4,370
Increase / (Decrease) in Invested Capital		 0.00 1,824 -28 123 -34 2,486
Book Value per Share		 $0.00 $14.71 $5.37 $4.87 $1.78 $0.18
Tangible Book Value per Share		 $0.00 $11.44 $2.25 $1.57 ($1.05) ($3.33)
Total Capital		 0.00 2,181 2,020 2,079 2,044 4,718
Total Debt		 0.00 719 1,230 1,341 1,588 3,774
Total Long-Term Debt		 0.00 719 1,230 1,341 1,539 3,709
Net Debt		 0.00 362 1,007 1,181 1,428 3,426
Capital Expenditures (CapEx)		 248 136 210 100 82 278
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -18 -31 -53 -130 -186
Debt-free Net Working Capital (DFNWC)		 0.00 284 118 35 18 139
Net Working Capital (NWC)		 0.00 284 118 35 -31 74
Net Nonoperating Expense (NNE)		 33 56 146 134 249 158
Net Nonoperating Obligations (NNO)		 0.00 362 1,007 1,181 1,428 3,426
Total Depreciation and Amortization (D&A)		 33 57 77 93 94 147
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 102.75M 102.96M 108.22M 115.21M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($1.73) ($1.79) $0.00 ($2.26)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 102.75M 102.96M 108.22M 115.21M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 99.45M 101.69M 113.94M 118.16M
Normalized Net Operating Profit after Tax (NOPAT)		 -37 -40 -29 -28 -15 28
Debt Service Ratios		 - - - - - -
Payout Ratios		 - - - - - -

Quarterly Metrics And Ratios for FTAI Infrastructure

This table displays calculated financial ratios and metrics derived from FTAI Infrastructure's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - 116,294,461.00 118,163,555.00 118,163,555.00
DEI Adjusted Shares Outstanding		 - - - - - - - - 116,294,461.00 118,163,555.00 118,163,555.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - -1.02 -1.27 -1.41
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 14.08% 7.90% 3.73% 3.23% -0.83% 16.51% 44.06% 68.71% - 95.88% 52.73%
EBITDA Growth		 411.05% 103.54% 77.34% 122.13% -19.31% 863.13% 17.60% 151.44% - -57.34% -9.41%
EBIT Growth		 127.62% 41.19% 152.13% 116.73% -115.48% 1,379.09% -199.13% 1,189.98% - -95.51% -1,058.87%
NOPAT Growth		 112.24% 26.79% 62.98% 68.88% -409.68% 2,239.72% -113.11% 383.13% - -99.09% -586.43%
Net Income Growth		 28.82% -40.06% -42.12% 14.17% -212.33% 338.91% -45.32% -143.36% - -205.86% -99.32%
EPS Growth		 0.00% -35.00% -36.84% 18.18% 0.00% 264.81% -40.38% -206.67% - -248.31% -93.15%
Operating Cash Flow Growth		 254.57% 68.03% -267.39% -3.19% -204.24% -2,105.79% 70.31% -271.14% - 19.00% 847.69%
Free Cash Flow Firm Growth		 0.00% 100.55% 100.30% 99.55% 125.12% -12,879.67% -24,806.17% -12,370.39% - 25.31% 124.40%
Invested Capital Growth		 6.82% -0.97% -0.41% 0.29% -1.80% 80.52% 74.01% 69.69% - 29.56% -11.37%
Revenue Q/Q Growth		 0.91% 1.34% 2.85% -1.86% -3.06% 19.06% 27.17% 14.94% - 31.25% -0.85%
EBITDA Q/Q Growth		 151.41% -47.07% 88.53% -11.45% -8.67% 531.71% -76.98% 89.32% - -5.83% -51.58%
EBIT Q/Q Growth		 136.82% -301.82% 141.96% -46.33% -134.06% 16,778.26% -103.25% 798.42% - -73.96% -929.00%
NOPAT Q/Q Growth		 112.76% -160.72% 71.94% -41.50% -27.00% 4,343.59% -102.79% 402.93% - 101.92% -2,175.48%
Net Income Q/Q Growth		 20.24% -26.00% 4.29% 10.77% -190.23% 196.38% -158.22% -49.43% - -30.18% -9.62%
EPS Q/Q Growth		 0.00% -17.39% 3.70% 13.46% 0.00% 0.00% -182.02% -89.04% - -26.92% -6.82%
Operating Cash Flow Q/Q Growth		 -47.50% -150.25% -352.92% 181.01% -156.54% -963.33% 93.90% -367.02% - -2,420.05% 156.27%
Free Cash Flow Firm Q/Q Growth		 93.82% 108.35% -44.05% -251.66% 442.43% -4,498.57% -8.16% 6.83% - 61.11% 135.39%
Invested Capital Q/Q Growth		 -1.66% -2.31% 4.06% 0.32% -3.71% 79.58% 0.31% -2.16% - 0.32% -31.38%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00% 100.00%
EBITDA Margin		 34.52% 18.03% 33.05% 29.81% 28.09% 149.03% 26.98% 44.43% - 32.76% 16.00%
Operating Margin		 2.27% -13.77% -3.76% -5.41% -7.09% 115.83% -5.56% 14.64% - 1.19% -24.97%
EBIT Margin		 5.47% -10.90% 4.45% 2.43% -0.85% 119.67% -3.06% 18.59% - 2.78% -23.22%
Profit (Net Income) Margin		 -49.01% -60.94% -56.71% -51.56% -154.36% 124.96% -57.21% -74.37% - -67.53% -74.66%
Tax Burden Percent		 99.78% 103.72% 100.56% 99.79% 101.08% 152.78% 101.38% 105.11% - 102.85% 92.33%
Interest Burden Percent		 -897.42% 538.98% -1,268.16% -2,124.78% 17,875.07% 68.34% 1,844.12% -380.55% - -2,364.52% 348.25%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% -52.78% 0.00% 0.00% - 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.27% -1.67% -0.44% -0.64% -0.87% 23.23% -0.56% 1.71% - 0.13% -3.60%
ROIC Less NNEP Spread (ROIC-NNEP)		 -3.49% -5.34% -4.21% -3.82% -10.12% 20.55% -3.88% -4.94% - -4.11% -7.88%
Return on Net Nonoperating Assets (RNNOA)		 -5.00% -8.42% -6.97% -6.83% -22.09% 50.11% -10.70% -10.40% - -14.81% -27.80%
Return on Equity (ROE)		 -4.73% -10.09% -7.41% -7.48% -22.96% 73.34% -11.26% -8.70% - -14.68% -31.40%
Cash Return on Invested Capital (CROIC)		 -7.98% -0.49% -0.81% -1.16% 0.90% -54.80% -51.55% -48.44% - -27.60% 8.95%
Operating Return on Assets (OROA)		 0.72% -1.49% 0.60% 0.34% -0.12% 12.73% -0.34% 2.07% - 0.34% -3.01%
Return on Assets (ROA)		 -6.47% -8.31% -7.64% -7.10% -21.53% 13.30% -6.38% -8.29% - -8.17% -9.69%
Return on Common Equity (ROCE)		 -3.21% -6.64% -4.91% -4.83% -13.20% 42.15% -6.10% -2.82% - -3.08% -1.01%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -43.26% -47.72% -48.90% 0.00% -20.08% 0.00% 0.00% - 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 1.30 -7.95 -2.23 -3.16 -4.01 170 -4.76 14 -82 1.57 -33
NOPAT Margin		 1.59% -9.64% -2.63% -3.79% -4.97% 176.97% -3.89% 10.25% - 0.84% -17.48%
Net Nonoperating Expense Percent (NNEP)		 3.77% 3.67% 3.77% 3.17% 9.25% 2.68% 3.32% 6.65% - 4.24% 4.28%
Return On Investment Capital (ROIC_SIMPLE)		 0.07% - - - -0.24% 5.50% -0.14% 0.38% -2.26% 0.04% -1.45%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
SG&A Expenses to Revenue		 74.61% 84.13% 75.47% 78.93% 78.27% 75.04% 64.03% 55.63% - 65.80% 64.79%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Operating Expenses to Revenue		 97.73% 113.77% 103.76% 105.41% 107.09% -15.83% 105.56% 85.36% - 98.81% 124.97%
Earnings before Interest and Taxes (EBIT)		 4.46 -9.00 3.78 2.03 -0.69 115 -3.74 26 20 5.23 -43
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 28 15 28 25 23 143 33 62 66 62 30
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.79 1.55 2.17 2.51 3.56 0.95 1.63 2.39 - 0.00 0.00
Price to Tangible Book Value (P/TBV)		 2.44 8.16 12.14 19.31 0.00 16.98 0.00 0.00 - 0.00 0.00
Price to Revenue (P/Rev)		 1.19 1.91 2.60 2.80 2.18 1.30 1.60 0.99 - 0.83 0.70
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Dividend Yield		 3.13% 1.91% 1.39% 1.28% 1.65% 3.31% 1.94% 2.75% - 2.43% 2.59%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.95 1.12 1.24 1.29 1.28 0.99 1.07 1.08 - 1.14 1.33
Enterprise Value to Revenue (EV/Rev)		 5.66 6.42 7.32 7.58 7.25 9.73 9.50 8.13 - 8.40 6.07
Enterprise Value to EBITDA (EV/EBITDA)		 29.08 29.95 29.36 26.25 26.57 15.34 16.23 13.67 - 22.58 18.33
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 1,994.29 0.00 27.94 32.24 26.12 - 107.85 595.57
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 48.97 54.99 41.77 - 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 329.29 152.20 2,478.29 4,993.65 0.00 0.00 0.00 0.00 - 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 140.53 0.00 0.00 0.00 - 0.00 13.96
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.82 2.03 2.40 2.48 3.48 3.18 3.98 3.46 - 4.65 4.33
Long-Term Debt to Equity		 1.82 1.91 2.40 2.48 3.37 3.07 3.87 2.05 - 4.62 3.58
Financial Leverage		 1.43 1.58 1.66 1.79 2.18 2.44 2.76 2.11 - 3.61 3.53
Leverage Ratio		 3.18 3.28 3.32 3.44 3.98 4.24 4.82 4.64 - 5.83 7.18
Compound Leverage Factor		 -28.54 17.66 -42.12 -73.14 711.44 2.90 88.93 -17.67 - -137.82 25.00
Debt to Total Capital		 64.50% 66.98% 70.62% 71.24% 77.68% 76.07% 79.90% 77.56% - 82.30% 81.24%
Short-Term Debt to Total Capital		 0.00% 3.87% 0.00% 0.00% 2.38% 2.52% 2.14% 31.51% - 0.55% 14.01%
Long-Term Debt to Total Capital		 64.50% 63.11% 70.62% 71.24% 75.30% 73.55% 77.76% 46.05% - 81.75% 67.22%
Preferred Equity to Total Capital		 0.00% 0.01% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Noncontrolling Interests to Total Capital		 12.21% 12.96% 11.44% 11.57% 12.41% 10.78% 10.37% 18.67% - 20.34% 28.46%
Common Equity to Total Capital		 23.29% 20.06% 17.94% 17.20% 9.91% 13.15% 9.73% 3.77% - -2.64% -9.69%
Debt to EBITDA		 21.48 19.20 18.90 16.02 17.55 12.59 13.78 14.26 - 17.23 12.67
Net Debt to EBITDA		 18.92 17.31 15.86 13.94 15.79 11.50 11.70 8.58 - 16.10 11.78
Long-Term Debt to EBITDA		 21.48 18.10 18.90 16.02 17.02 12.17 13.41 8.47 - 17.11 10.48
Debt to NOPAT		 -52.09 -48.65 -65.20 -91.16 -91.50 40.18 46.70 43.59 - -53.12 -27.73
Net Debt to NOPAT		 -45.86 -43.86 -54.72 -79.36 -82.29 36.71 39.64 26.21 - -49.65 -25.78
Long-Term Debt to NOPAT		 -52.09 -45.84 -65.20 -91.16 -88.70 38.84 45.45 25.88 - -52.77 -22.94
Altman Z-Score		 0.19 0.18 0.35 0.31 0.11 0.15 0.13 -0.25 - 0.02 -0.24
Noncontrolling Interest Sharing Ratio		 32.18% 34.19% 33.75% 35.43% 42.49% 42.53% 45.85% 67.52% - 79.03% 96.77%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.23 0.69 2.10 1.42 0.88 0.86 1.49 0.25 - 1.10 0.28
Quick Ratio		 0.57 0.32 0.62 0.43 0.32 0.25 0.28 0.06 - 0.37 0.09
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -121 10 5.86 -8.89 30 -1,339 -1,448 -1,349 -2,568 -999 353
Operating Cash Flow to CapEx		 34.95% -29.34% -115.11% 55.14% -29.53% -129.02% -6.50% -37.00% - -184.64% 45.49%
Free Cash Flow to Firm to Interest Expense		 -4.30 0.38 0.20 -0.28 0.72 -31.06 -22.89 -10.50 - -7.78 3.30
Operating Cash Flow to Interest Expense		 0.27 -0.14 -0.59 0.45 -0.19 -1.99 -0.08 -0.19 - -0.54 0.36
Operating Cash Flow Less CapEx to Interest Expense		 -0.51 -0.62 -1.11 -0.37 -0.84 -3.53 -1.35 -0.70 - -0.83 -0.44
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.13 0.14 0.13 0.14 0.14 0.11 0.11 0.11 - 0.12 0.13
Accounts Receivable Turnover		 5.49 5.19 6.07 5.54 6.08 5.79 6.36 7.40 - 7.31 8.35
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Fixed Asset Turnover		 0.19 0.20 0.20 0.20 0.20 0.14 0.16 0.18 - 0.15 0.21
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Days Sales Outstanding (DSO)		 66.51 70.27 60.14 65.85 60.00 63.03 57.43 49.31 - 49.91 43.72
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Cash Conversion Cycle (CCC)		 66.51 70.27 60.14 65.85 60.00 63.03 57.43 49.31 - 49.91 43.72
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,919 1,875 1,951 1,957 1,884 3,384 3,394 3,321 4,370 4,384 3,008
Invested Capital Turnover		 0.17 0.17 0.17 0.17 0.17 0.13 0.14 0.17 - 0.15 0.21
Increase / (Decrease) in Invested Capital		 123 -18 -8.09 5.73 -34 1,509 1,444 1,364 2,486 1,000 -386
Enterprise Value (EV)		 1,815 2,096 2,414 2,517 2,403 3,358 3,632 3,573 - 4,997 3,999
Market Capitalization		 381 624 858 930 722 450 613 433 - 491 461
Book Value per Share		 $4.87 $3.96 $3.88 $3.53 $1.78 $4.18 $3.27 $1.57 $0.18 ($1.04) ($2.79)
Tangible Book Value per Share		 $1.57 $0.75 $0.69 $0.46 ($1.05) $0.23 ($0.62) ($2.30) ($3.33) ($4.49) ($5.60)
Total Capital		 2,079 2,007 2,201 2,156 2,044 3,621 3,860 4,807 4,718 4,633 3,402
Total Debt		 1,341 1,344 1,554 1,536 1,588 2,755 3,084 3,728 3,774 3,813 2,764
Total Long-Term Debt		 1,341 1,267 1,554 1,536 1,539 2,664 3,002 2,214 3,709 3,788 2,287
Net Debt		 1,181 1,212 1,304 1,337 1,428 2,517 2,618 2,242 3,426 3,564 2,570
Capital Expenditures (CapEx)		 22 13 15 26 27 66 80 66 65 38 86
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -53 -62 -35 -71 -130 -185 -189 -167 -186 -166 -662
Debt-free Net Working Capital (DFNWC)		 35 2.45 152 73 18 39 259 187 139 61 -489
Net Working Capital (NWC)		 35 -75 152 73 -31 -52 176 -1,328 74 36 -966
Net Nonoperating Expense (NNE)		 41 42 46 40 121 50 65 119 16 129 107
Net Nonoperating Obligations (NNO)		 1,181 1,212 1,304 1,337 1,428 2,517 2,618 2,242 3,426 3,564 2,370
Total Depreciation and Amortization (D&A)		 24 24 24 23 23 28 37 36 45 56 73
Debt-free, Cash-free Net Working Capital to Revenue		 -16.42% -18.94% -10.57% -21.45% -39.11% -53.47% -49.47% -37.98% - -27.94% -100.43%
Debt-free Net Working Capital to Revenue		 10.88% 0.75% 46.01% 22.09% 5.32% 11.26% 67.72% 42.50% - 10.31% -74.25%
Net Working Capital to Revenue		 10.88% -23.04% 46.01% 22.09% -9.33% -15.20% 46.08% -301.95% - 6.03% -146.58%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($0.54) ($0.52) ($0.45) $0.00 $0.95 ($0.73) ($1.38) $0.00 ($1.32) ($1.41)
Adjusted Weighted Average Basic Shares Outstanding		 102.96M 104.19M 105.04M 109.72M 108.22M 114.10M 114.88M 115.56M 115.21M 116.69M 118.16M
Adjusted Diluted Earnings per Share		 $0.00 ($0.54) ($0.52) ($0.45) $0.00 $0.89 ($0.73) ($1.38) ($1.04) ($1.32) ($1.41)
Adjusted Weighted Average Diluted Shares Outstanding		 102.96M 104.19M 105.04M 109.72M 108.22M 122.76M 114.88M 115.56M 115.21M 116.69M 118.16M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 101.69M 101.69M 105.04M 113.75M 113.94M 114.76M 115.09M 116.29M 118.16M 118.16M 118.18M
Normalized Net Operating Profit after Tax (NOPAT)		 -1.51 -7.30 -1.48 -3.32 -3.09 -2.49 4.42 17 -75 6.74 16
Normalized NOPAT Margin		 -1.86% -8.84% -1.75% -3.99% -3.83% -2.58% 3.61% 11.84% - 3.58% 8.46%
Pre Tax Income Margin		 -49.12% -58.75% -56.40% -51.67% -152.71% 81.79% -56.43% -70.76% - -65.66% -80.86%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.16 -0.33 0.13 0.06 -0.02 2.67 -0.06 0.20 - 0.04 -0.40
NOPAT to Interest Expense		 0.05 -0.29 -0.08 -0.10 -0.09 3.95 -0.08 0.11 - 0.01 -0.30
EBIT Less CapEx to Interest Expense		 -0.63 -0.81 -0.39 -0.76 -0.66 1.13 -1.33 -0.31 - -0.25 -1.21
NOPAT Less CapEx to Interest Expense		 -0.74 -0.77 -0.59 -0.92 -0.74 2.41 -1.34 -0.40 - -0.28 -1.11
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -9.88% -7.29% -16.42% -21.70% -16.10% -75.09% -45.89% -24.70% - -5.16% -4.61%
Augmented Payout Ratio		 -9.88% -7.29% -16.42% -21.70% -16.10% -75.09% -45.89% -36.21% - -5.16% -4.61%

Financials Breakdown Chart

Key Financial Trends

FTAI Infrastructure (NASDAQ: FIP) showed mixed operating trends in Q1 2026, with revenue growth but persistent losses and heavy leverage on the balance sheet. Revenue improved year over year, but earnings remained deeply negative and cash flow was still under pressure. The company also carries a large debt load and a negative common equity position, which are important risk factors for retail investors to watch.

  • Revenue continued to grow. Q1 2026 operating revenue rose to $188.4 million, up from $143.5 million in Q4 2025 and $96.2 million in Q1 2025.
  • Operating income turned slightly positive. FIP reported operating income of $2.2 million in Q1 2026, versus an operating loss of $117.2 million in Q4 2025 and a loss of $11.4 million in Q1 2025.
  • Depreciation and amortization remained significant non-cash add-backs. These expenses helped narrow the gap between net loss and operating cash flow, which is common for asset-heavy infrastructure businesses.
  • Asset base remains large. Total assets were $5.69 billion at the end of Q1 2026, supported by nearly $4.58 billion in net plant, property and equipment.
  • Restricted cash remains substantial. The balance sheet showed $189.6 million in restricted cash, providing some liquidity support, though not all of it is freely deployable.
  • Debt issuance and repayment were both active. In Q1 2026, FIP issued $1.36 billion of debt and repaid $1.33 billion, suggesting ongoing refinancing activity rather than simple balance-sheet expansion.
  • Common equity is still negative. Total common equity was -$122.5 million in Q1 2026, indicating that liabilities and noncontrolling interests continue to outweigh common shareholders’ equity.
  • Net loss widened sharply year over year. Q1 2026 consolidated net loss was $127.2 million, compared with a net loss of $50.3 million in Q1 2025.
  • Operating cash flow was negative. Net cash from operating activities came in at -$69.4 million in Q1 2026, down from positive operating cash flow in some earlier periods like Q3 2024.
  • Leverage remains high. Long-term debt was $3.79 billion and short-term debt was $25.4 million at quarter-end, keeping interest expense a major drag on profitability.

Longer-term trend: FIP’s top line has generally trended higher over the last four years, but profitability has been inconsistent and often negative. The company has relied on debt financing and periodic asset-related gains to support cash needs, while interest expense and restructuring charges have remained meaningful pressure points. On the balance sheet, the combination of large debt, redeemable noncontrolling interests, and negative common equity suggests financial risk remains elevated despite revenue growth.

Bottom line: FIP is growing revenue and showing some improvement in operating income, but the company is still not producing durable earnings or positive operating cash flow. For investors, the key questions are whether revenue growth can continue, whether debt and interest costs can be managed, and whether the business can eventually convert its asset base into sustained free cash flow.

08/21/26 03:55 PM ETAI Generated. May Contain Errors.

FTAI Infrastructure Financials - Frequently Asked Questions

According to the most recent income statement we have on file, FTAI Infrastructure's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

FTAI Infrastructure's net income appears to be on an upward trend, with a most recent value of -$152.05 million in 2025, rising from -$71.72 million in 2020. The previous period was -$266.06 million in 2024. Find out what analysts predict for FTAI Infrastructure in the coming months.

FTAI Infrastructure's total operating income in 2025 was $7.97 million, based on the following breakdown:
  • Total Gross Profit: $502.52 million
  • Total Operating Expenses: $494.55 million

Over the last 5 years, FTAI Infrastructure's total revenue changed from $68.56 million in 2020 to $502.52 million in 2025, a change of 632.9%.

FTAI Infrastructure's total liabilities were at $4.80 billion at the end of 2025, a 150.5% increase from 2024, and a 390.1% increase since 2021.

In the past 4 years, FTAI Infrastructure's cash and equivalents has ranged from $27.79 million in 2024 to $57.35 million in 2025, and is currently $57.35 million as of their latest financial filing in 2025.

Over the last 5 years, FTAI Infrastructure's book value per share changed from 0.00 in 2020 to 0.18 in 2025, a change of 18.3%.


Related Companies

Financial statements for NASDAQ:FIP last updated on 8/11/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
ALERT: Drop these 5 stocks before the market opens tomorrow!
The Wall Street Journal is already raising the alarm about a potential market crash, and Weiss Ratings researc...
Weiss Ratings | Sponsoredtc pixel
Louis Navellier: My #1 AI stock for 2026 (name & ticker inside)
Louis Navellier's Stock Grader system helped him flag Nvidia before its 82,000% run and has identified the top...
InvestorPlace | Sponsoredtc pixel
Ready to give options a try? Your first trade (Ticker included) -INSIDE
Tired of trying tactic after tactic when it comes to options trades... only to be met with market noise and st...
Base Camp Trading | Sponsoredtc pixel
Small Colorado Company (Backed by Sam Altman) Could Save U.S. Power Grid
A small Colorado company has secured rights to technology that could prevent the U.S. public power grid from c...
Altimetry | Sponsoredtc pixel
They didn't warn anyone in 1971. This time someone is warning you.
On August 15, 1971, Nixon interrupted prime-time television and ended the gold standard in 15 minutes - no deb...
Reagan Gold Group | Sponsoredtc pixel
Iran War Shock: What I Was Told In That Private Meeting
You’re Being LIED To About The Iran War Forget EVERYTHING you’ve heard about the Iran war. Especially th...
Banyan Hill Publishing | Sponsoredtc pixel
My top 3 AI picks for the next decade
Alexander Green bought Apple in 1996, recommended Nvidia at a split-adjusted 66 cents in 2004, and picked up A...
The Oxford Club | Sponsoredtc pixel
Buy this stock today
Marc Chaikin, founder of Chaikin Analytics, is sharing a strategy he calls 'Sell This, Buy That' - a way to mo...
Chaikin Analytics | Sponsoredtc pixel