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Side-by-side financial comparison of ACADIA PHARMACEUTICALS INC (ACAD) and FTAI Infrastructure Inc. (FIP). Click either name above to swap in a different company.

ACADIA PHARMACEUTICALS INC is the larger business by last-quarter revenue ($284.0M vs $143.5M, roughly 2.0× FTAI Infrastructure Inc.). ACADIA PHARMACEUTICALS INC runs the higher net margin — 96.3% vs -68.1%, a 164.4% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs 9.4%). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% CAGR vs 17.5%).

Acadia Pharmaceuticals Inc. is a biopharmaceutical company headquartered in Del Mar, San Diego, California.

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.

ACAD vs FIP — Head-to-Head

Bigger by revenue
ACAD
ACAD
2.0× larger
ACAD
$284.0M
$143.5M
FIP
Growing faster (revenue YoY)
FIP
FIP
+68.3% gap
FIP
77.7%
9.4%
ACAD
Higher net margin
ACAD
ACAD
164.4% more per $
ACAD
96.3%
-68.1%
FIP
Faster 2-yr revenue CAGR
FIP
FIP
Annualised
FIP
31.9%
17.5%
ACAD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACAD
ACAD
FIP
FIP
Revenue
$284.0M
$143.5M
Net Profit
$273.6M
$-97.7M
Gross Margin
90.8%
Operating Margin
6.1%
-45.7%
Net Margin
96.3%
-68.1%
Revenue YoY
9.4%
77.7%
Net Profit YoY
90.3%
21.6%
EPS (diluted)
$1.61
$-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
ACAD
ACAD
FIP
FIP
Q4 25
$284.0M
$143.5M
Q3 25
$278.6M
$140.6M
Q2 25
$264.6M
$122.3M
Q1 25
$244.3M
$96.2M
Q4 24
$259.6M
$80.8M
Q3 24
$250.4M
$83.3M
Q2 24
$242.0M
$84.9M
Q1 24
$205.8M
$82.5M
Net Profit
ACAD
ACAD
FIP
FIP
Q4 25
$273.6M
$-97.7M
Q3 25
$71.8M
$-104.5M
Q2 25
$26.7M
$-70.0M
Q1 25
$19.0M
$120.2M
Q4 24
$143.7M
$-124.7M
Q3 24
$32.8M
$-43.0M
Q2 24
$33.4M
$-48.1M
Q1 24
$16.6M
$-50.3M
Gross Margin
ACAD
ACAD
FIP
FIP
Q4 25
90.8%
Q3 25
92.2%
Q2 25
92.2%
Q1 25
91.7%
Q4 24
91.6%
Q3 24
92.5%
Q2 24
92.5%
Q1 24
88.8%
Operating Margin
ACAD
ACAD
FIP
FIP
Q4 25
6.1%
-45.7%
Q3 25
12.8%
-70.8%
Q2 25
12.2%
-56.4%
Q1 25
7.9%
81.8%
Q4 24
59.1%
-152.7%
Q3 24
12.6%
-51.7%
Q2 24
12.6%
-56.4%
Q1 24
7.4%
-58.8%
Net Margin
ACAD
ACAD
FIP
FIP
Q4 25
96.3%
-68.1%
Q3 25
25.8%
-74.4%
Q2 25
10.1%
-57.2%
Q1 25
7.8%
125.0%
Q4 24
55.4%
-154.4%
Q3 24
13.1%
-51.6%
Q2 24
13.8%
-56.7%
Q1 24
8.0%
-60.9%
EPS (diluted)
ACAD
ACAD
FIP
FIP
Q4 25
$1.61
$-1.04
Q3 25
$0.42
$-1.38
Q2 25
$0.16
$-0.73
Q1 25
$0.11
$0.89
Q4 24
$0.86
$-1.21
Q3 24
$0.20
$-0.45
Q2 24
$0.20
$-0.52
Q1 24
$0.10
$-0.54

Balance Sheet & Financial Strength

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

Metric
ACAD
ACAD
FIP
FIP
Cash + ST InvestmentsLiquidity on hand
$177.7M
$57.4M
Total DebtLower is stronger
$3.8B
Stockholders' EquityBook value
$1.2B
$21.3M
Total Assets
$1.6B
$5.7B
Debt / EquityLower = less leverage
176.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACAD
ACAD
FIP
FIP
Q4 25
$177.7M
$57.4M
Q3 25
$258.0M
$34.7M
Q2 25
$253.6M
$33.6M
Q1 25
$217.7M
$26.3M
Q4 24
$319.6M
$27.8M
Q3 24
$155.1M
$20.3M
Q2 24
$177.1M
$33.1M
Q1 24
$204.7M
$23.0M
Total Debt
ACAD
ACAD
FIP
FIP
Q4 25
$3.8B
Q3 25
$3.7B
Q2 25
$3.1B
Q1 25
$2.8B
Q4 24
$1.6B
Q3 24
$1.5B
Q2 24
$1.6B
Q1 24
$1.3B
Stockholders' Equity
ACAD
ACAD
FIP
FIP
Q4 25
$1.2B
$21.3M
Q3 25
$917.3M
$181.1M
Q2 25
$822.4M
$375.5M
Q1 25
$765.2M
$476.2M
Q4 24
$732.8M
$202.7M
Q3 24
$577.2M
$370.8M
Q2 24
$516.7M
$394.8M
Q1 24
$464.0M
$402.5M
Total Assets
ACAD
ACAD
FIP
FIP
Q4 25
$1.6B
$5.7B
Q3 25
$1.3B
$5.5B
Q2 25
$1.2B
$4.4B
Q1 25
$1.1B
$4.1B
Q4 24
$1.2B
$2.4B
Q3 24
$976.9M
$2.4B
Q2 24
$914.1M
$2.5B
Q1 24
$855.1M
$2.3B
Debt / Equity
ACAD
ACAD
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
ACAD
ACAD
FIP
FIP
Operating Cash FlowLast quarter
$-48.7M
$-2.8M
Free Cash FlowOCF − Capex
$-68.6M
FCF MarginFCF / Revenue
-47.8%
Capex IntensityCapex / Revenue
45.9%
Cash ConversionOCF / Net Profit
-0.18×
TTM Free Cash FlowTrailing 4 quarters
$-398.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACAD
ACAD
FIP
FIP
Q4 25
$-48.7M
$-2.8M
Q3 25
$74.3M
$-24.4M
Q2 25
$64.0M
$-5.2M
Q1 25
$20.3M
$-85.7M
Q4 24
$40.4M
$-8.1M
Q3 24
$63.2M
$14.2M
Q2 24
$25.0M
$-17.6M
Q1 24
$29.1M
$-3.9M
Free Cash Flow
ACAD
ACAD
FIP
FIP
Q4 25
$-68.6M
Q3 25
$73.9M
$-90.7M
Q2 25
$-87.5M
Q1 25
$-151.7M
Q4 24
$-34.3M
Q3 24
$63.2M
$-11.7M
Q2 24
$-32.1M
Q1 24
$-16.7M
FCF Margin
ACAD
ACAD
FIP
FIP
Q4 25
-47.8%
Q3 25
26.5%
-64.5%
Q2 25
-71.6%
Q1 25
-157.7%
Q4 24
-42.4%
Q3 24
25.2%
-14.0%
Q2 24
-37.9%
Q1 24
-20.3%
Capex Intensity
ACAD
ACAD
FIP
FIP
Q4 25
45.9%
Q3 25
0.1%
47.2%
Q2 25
67.3%
Q1 25
68.6%
Q4 24
32.5%
Q3 24
0.0%
31.1%
Q2 24
17.2%
Q1 24
15.6%
Cash Conversion
ACAD
ACAD
FIP
FIP
Q4 25
-0.18×
Q3 25
1.03×
Q2 25
2.40×
Q1 25
1.07×
-0.71×
Q4 24
0.28×
Q3 24
1.93×
Q2 24
0.75×
Q1 24
1.76×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ACAD
ACAD

Nuplazid$174.4M61%
Daybue$109.6M39%

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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