FTAI Infrastructure Inc. (FIP)
FTAI Infrastructure Inc. engages in acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. It operates through four segments: Railroad, Ports and Terminals, Power and Gas, and Sustainability and Energy Transition. The company operates a multi-modal crude oil and refined products terminal, and other related assets; and Jefferson Terminal and Repauno that develops or acquires industrial properties in strategic locations that store and handle for third parties various energy products, including crude oil, refined products, and clean fuels. It 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. In addition, the company owns and operates eight freight railroads and one switching company that provides rail service to certain manufacturing and production facilities. Further, it focuses on waste plastic to renewable fuel, hydrogen-fueled power plant, and carbon capture businesses. FTAI Infrastructure Inc. was incorporated in 2021 and is headquartered in New York, New York.
- Symbol
- FIP
- Exchange
- Nasdaq
- Sector
- Industrials
- Industry
- Conglomerates
- Market cap
- $365.18M
- 52 week range
- 2.77 - 6.69
Valuation
- Share price
- $3.09 (close of 2026-09-23)
- P/E (TTM)
- -0.60x
- Price to book
- -0.70x
- Price to free cash flow
- -1.15x
- Enterprise value
- $3.20B
- Book value per share
- $-4.39
Price performance
| Period | Change |
|---|
| 1 day | +0.65% |
| 5 days | +6.55% |
| 1 month | -19.11% |
| 3 months | -33.26% |
| 6 months | -39.17% |
| Year to date | -32.97% |
| 1 year | -34.67% |
| 3 years | -3.44% |
| All time | +3.00% |
Profitability and growth
- Return on equity
- 103.98%
- Return on assets
- -2.65%
- Net margin
- -30.26%
- EBITDA margin
- 48.36%
- Revenue growth
- 51.59%
- Net income growth
- 42.85%
- Free cash flow growth
- -320.33%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- -87.27%
- Current ratio
- 0.28x
- Net debt to EBITDA
- 37.51x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $502.52M
- EBITDA
- $243.03M
- Net income
- $-152.05M
- Earnings per share
- $-2.24
- Interest expense
- $265.91M
- Shares outstanding
- 115.21M
Income statement by year
| Period end | Revenue | Net income | EPS |
|---|
| 2025-12-31 | $502.52M | $-152.05M | $-2.24 |
| 2024-12-31 | $331.50M | $-266.06M | $-2.72 |
| 2023-12-31 | $320.47M | $-159.75M | $-1.78 |
| 2022-12-31 | $261.97M | $-187.52M | $-1.73 |
| 2021-12-31 | $120.22M | $-106.34M | $-0.80 |
| 2020-12-31 | $68.56M | $-71.72M | $-0.56 |
Margins and returns by year
| Period end | Net margin | Return on equity |
|---|
| 2025-12-31 | -30.26% | 103.98% |
| 2024-12-31 | -80.26% | -354.10% |
| 2023-12-31 | -49.85% | -38.69% |
| 2022-12-31 | -71.58% | -35.73% |
| 2021-12-31 | -88.46% | -7.27% |
| 2020-12-31 | -104.61% | -7.21% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $57.35M | $3.71B |
| 2024-12-31 | $27.79M | $1.54B |
| 2023-12-31 | $29.37M | $1.34B |
| 2022-12-31 | $36.49M | $1.23B |
| 2021-12-31 | $49.87M | $718.62M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $-398.53M | $11.08M |
| 2024-12-31 | $-94.81M | $8.64M |
| 2023-12-31 | $-93.51M | $9.20M |
| 2022-12-31 | $-259.83M | $4.15M |
| 2021-12-31 | $-202.61M | $4.04M |
| 2020-12-31 | $-294.38M | $2.33M |
Dividend history
- Most recent payment
- 2026-08-24
- Paid in the last twelve months
- $0.12
| Payment date | Dividend per share |
|---|
| 2026-08-24 | $0.03 |
| 2026-05-18 | $0.03 |
| 2026-03-13 | $0.03 |
| 2025-11-14 | $0.03 |
| 2025-08-25 | $0.03 |
| 2025-05-19 | $0.03 |
| 2025-03-14 | $0.03 |
| 2024-11-12 | $0.03 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-29
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-05 | Jun/2026 | - |
| 2026-05-07 | - | - |
| 2026-02-26 | - | - |
| 2025-10-30 | - | - |
| 2025-08-07 | - | - |
| 2025-05-08 | - | - |
| 2025-02-27 | - | - |
| 2024-10-30 | - | - |
Filings and sources
- Company website
- fipinc.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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