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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and FTAI Infrastructure Inc. (FIP). Click either name above to swap in a different company.

Acadian Asset Management Inc. is the larger business by last-quarter revenue ($172.2M vs $143.5M, roughly 1.2× FTAI Infrastructure Inc.). Acadian Asset Management Inc. runs the higher net margin — 20.2% vs -68.1%, a 88.2% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs 2.6%). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% CAGR vs 27.6%).

United Asset Management was an American holding company headquartered in Boston, Massachusetts.

FTAI Infrastructure Inc. owns, operates and invests in high-quality critical infrastructure assets across core sectors including transportation logistics, midstream energy, and power generation. It primarily serves North American markets, focusing on assets with stable long-term cash flows, contracted revenue streams, and strong market positions to deliver sustainable returns for stakeholders.

AAMI vs FIP — Head-to-Head

Bigger by revenue
AAMI
AAMI
1.2× larger
AAMI
$172.2M
$143.5M
FIP
Growing faster (revenue YoY)
FIP
FIP
+75.1% gap
FIP
77.7%
2.6%
AAMI
Higher net margin
AAMI
AAMI
88.2% more per $
AAMI
20.2%
-68.1%
FIP
Faster 2-yr revenue CAGR
FIP
FIP
Annualised
FIP
31.9%
27.6%
AAMI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AAMI
AAMI
FIP
FIP
Revenue
$172.2M
$143.5M
Net Profit
$34.7M
$-97.7M
Gross Margin
Operating Margin
33.3%
-45.7%
Net Margin
20.2%
-68.1%
Revenue YoY
2.6%
77.7%
Net Profit YoY
-18.4%
21.6%
EPS (diluted)
$0.97
$-1.04

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AAMI
AAMI
FIP
FIP
Q4 25
$172.2M
$143.5M
Q3 25
$144.2M
$140.6M
Q2 25
$127.4M
$122.3M
Q1 25
$119.9M
$96.2M
Q4 24
$167.8M
$80.8M
Q3 24
$123.1M
$83.3M
Q2 24
$109.0M
$84.9M
Q1 24
$105.7M
$82.5M
Net Profit
AAMI
AAMI
FIP
FIP
Q4 25
$34.7M
$-97.7M
Q3 25
$15.1M
$-104.5M
Q2 25
$10.1M
$-70.0M
Q1 25
$20.1M
$120.2M
Q4 24
$42.5M
$-124.7M
Q3 24
$16.9M
$-43.0M
Q2 24
$11.0M
$-48.1M
Q1 24
$14.6M
$-50.3M
Operating Margin
AAMI
AAMI
FIP
FIP
Q4 25
33.3%
-45.7%
Q3 25
18.4%
-70.8%
Q2 25
12.7%
-56.4%
Q1 25
26.6%
81.8%
Q4 24
38.7%
-152.7%
Q3 24
21.9%
-51.7%
Q2 24
18.9%
-56.4%
Q1 24
21.7%
-58.8%
Net Margin
AAMI
AAMI
FIP
FIP
Q4 25
20.2%
-68.1%
Q3 25
10.5%
-74.4%
Q2 25
7.9%
-57.2%
Q1 25
16.8%
125.0%
Q4 24
25.3%
-154.4%
Q3 24
13.7%
-51.6%
Q2 24
10.1%
-56.7%
Q1 24
13.8%
-60.9%
EPS (diluted)
AAMI
AAMI
FIP
FIP
Q4 25
$0.97
$-1.04
Q3 25
$0.42
$-1.38
Q2 25
$0.28
$-0.73
Q1 25
$0.54
$0.89
Q4 24
$1.11
$-1.21
Q3 24
$0.45
$-0.45
Q2 24
$0.29
$-0.52
Q1 24
$0.37
$-0.54

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AAMI
AAMI
FIP
FIP
Cash + ST InvestmentsLiquidity on hand
$57.4M
Total DebtLower is stronger
$200.0M
$3.8B
Stockholders' EquityBook value
$21.3M
Total Assets
$677.0M
$5.7B
Debt / EquityLower = less leverage
176.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAMI
AAMI
FIP
FIP
Q4 25
$57.4M
Q3 25
$34.7M
Q2 25
$33.6M
Q1 25
$26.3M
Q4 24
$27.8M
Q3 24
$20.3M
Q2 24
$33.1M
Q1 24
$23.0M
Total Debt
AAMI
AAMI
FIP
FIP
Q4 25
$200.0M
$3.8B
Q3 25
$3.7B
Q2 25
$3.1B
Q1 25
$2.8B
Q4 24
$275.0M
$1.6B
Q3 24
$1.5B
Q2 24
$1.6B
Q1 24
$1.3B
Stockholders' Equity
AAMI
AAMI
FIP
FIP
Q4 25
$21.3M
Q3 25
$181.1M
Q2 25
$375.5M
Q1 25
$476.2M
Q4 24
$202.7M
Q3 24
$370.8M
Q2 24
$394.8M
Q1 24
$402.5M
Total Assets
AAMI
AAMI
FIP
FIP
Q4 25
$677.0M
$5.7B
Q3 25
$751.4M
$5.5B
Q2 25
$672.3M
$4.4B
Q1 25
$677.3M
$4.1B
Q4 24
$703.2M
$2.4B
Q3 24
$555.2M
$2.4B
Q2 24
$533.1M
$2.5B
Q1 24
$544.9M
$2.3B
Debt / Equity
AAMI
AAMI
FIP
FIP
Q4 25
176.99×
Q3 25
20.59×
Q2 25
8.21×
Q1 25
5.79×
Q4 24
7.84×
Q3 24
4.14×
Q2 24
3.94×
Q1 24
3.34×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAMI
AAMI
FIP
FIP
Operating Cash FlowLast quarter
$-2.4M
$-2.8M
Free Cash FlowOCF − Capex
$-68.6M
FCF MarginFCF / Revenue
-47.8%
Capex IntensityCapex / Revenue
45.9%
Cash ConversionOCF / Net Profit
-0.07×
TTM Free Cash FlowTrailing 4 quarters
$-398.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAMI
AAMI
FIP
FIP
Q4 25
$-2.4M
$-2.8M
Q3 25
$-23.9M
$-24.4M
Q2 25
$61.6M
$-5.2M
Q1 25
$-48.8M
$-85.7M
Q4 24
$55.8M
$-8.1M
Q3 24
$69.6M
$14.2M
Q2 24
$45.7M
$-17.6M
Q1 24
$-40.4M
$-3.9M
Free Cash Flow
AAMI
AAMI
FIP
FIP
Q4 25
$-68.6M
Q3 25
$-90.7M
Q2 25
$-87.5M
Q1 25
$-151.7M
Q4 24
$-34.3M
Q3 24
$-11.7M
Q2 24
$-32.1M
Q1 24
$-16.7M
FCF Margin
AAMI
AAMI
FIP
FIP
Q4 25
-47.8%
Q3 25
-64.5%
Q2 25
-71.6%
Q1 25
-157.7%
Q4 24
-42.4%
Q3 24
-14.0%
Q2 24
-37.9%
Q1 24
-20.3%
Capex Intensity
AAMI
AAMI
FIP
FIP
Q4 25
45.9%
Q3 25
47.2%
Q2 25
67.3%
Q1 25
68.6%
Q4 24
32.5%
Q3 24
31.1%
Q2 24
17.2%
Q1 24
15.6%
Cash Conversion
AAMI
AAMI
FIP
FIP
Q4 25
-0.07×
Q3 25
-1.58×
Q2 25
6.10×
Q1 25
-2.43×
-0.71×
Q4 24
1.31×
Q3 24
4.12×
Q2 24
4.15×
Q1 24
-2.77×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AAMI
AAMI

Segment breakdown not available.

FIP
FIP

Power Revenues$45.9M32%
Rail Revenue$44.6M31%
Service Other$22.8M16%
Gas Revenues$15.3M11%
Roadside Services Revenues$11.5M8%
Rapauno$1.2M1%

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