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Side-by-side financial comparison of Allegiant Travel CO (ALGT) and FTAI Infrastructure Inc. (FIP). Click either name above to swap in a different company.
Allegiant Travel CO is the larger business by last-quarter revenue ($595.5M vs $143.5M, roughly 4.1× FTAI Infrastructure Inc.). Allegiant Travel CO runs the higher net margin — 5.4% vs -68.1%, a 73.5% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs 7.6%). Allegiant Travel CO produced more free cash flow last quarter ($90.4M vs $-68.6M). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% CAGR vs 1.3%).
Allegiant Air, styled as allegiant, is an American low-cost airline headquartered in Las Vegas, Nevada. The airline focuses on serving leisure traffic from small and medium-sized cities which it considers to be underserved, using an ultra low-cost business model with minimal inclusions in fares and a greater number of add-on fees.
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.
ALGT vs FIP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $595.5M | $143.5M |
| Net Profit | $31.9M | $-97.7M |
| Gross Margin | — | — |
| Operating Margin | 11.2% | -45.7% |
| Net Margin | 5.4% | -68.1% |
| Revenue YoY | 7.6% | 77.7% |
| Net Profit YoY | 114.8% | 21.6% |
| EPS (diluted) | $1.82 | $-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.
| Q4 25 | $595.5M | $143.5M | ||
| Q3 25 | $494.1M | $140.6M | ||
| Q2 25 | $617.9M | $122.3M | ||
| Q1 25 | $616.8M | $96.2M | ||
| Q4 24 | $553.6M | $80.8M | ||
| Q3 24 | $489.0M | $83.3M | ||
| Q2 24 | $594.5M | $84.9M | ||
| Q1 24 | $579.9M | $82.5M |
| Q4 25 | $31.9M | $-97.7M | ||
| Q3 25 | $-43.6M | $-104.5M | ||
| Q2 25 | $-65.2M | $-70.0M | ||
| Q1 25 | $32.1M | $120.2M | ||
| Q4 24 | $-216.2M | $-124.7M | ||
| Q3 24 | $-36.8M | $-43.0M | ||
| Q2 24 | $13.7M | $-48.1M | ||
| Q1 24 | $-919.0K | $-50.3M |
| Q4 25 | 11.2% | -45.7% | ||
| Q3 25 | -5.5% | -70.8% | ||
| Q2 25 | -10.9% | -56.4% | ||
| Q1 25 | 10.5% | 81.8% | ||
| Q4 24 | -47.7% | -152.7% | ||
| Q3 24 | -5.4% | -51.7% | ||
| Q2 24 | 5.9% | -56.4% | ||
| Q1 24 | 2.7% | -58.8% |
| Q4 25 | 5.4% | -68.1% | ||
| Q3 25 | -8.8% | -74.4% | ||
| Q2 25 | -10.5% | -57.2% | ||
| Q1 25 | 5.2% | 125.0% | ||
| Q4 24 | -39.1% | -154.4% | ||
| Q3 24 | -7.5% | -51.6% | ||
| Q2 24 | 2.3% | -56.7% | ||
| Q1 24 | -0.2% | -60.9% |
| Q4 25 | $1.82 | $-1.04 | ||
| Q3 25 | $-2.41 | $-1.38 | ||
| Q2 25 | $-3.62 | $-0.73 | ||
| Q1 25 | $1.73 | $0.89 | ||
| Q4 24 | $-12.12 | $-1.21 | ||
| Q3 24 | $-2.05 | $-0.45 | ||
| Q2 24 | $0.75 | $-0.52 | ||
| Q1 24 | $-0.07 | $-0.54 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $805.7M | $57.4M |
| Total DebtLower is stronger | $1.7B | $3.8B |
| Stockholders' EquityBook value | $1.1B | $21.3M |
| Total Assets | $4.2B | $5.7B |
| Debt / EquityLower = less leverage | 1.60× | 176.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $805.7M | $57.4M | ||
| Q3 25 | $956.7M | $34.7M | ||
| Q2 25 | $842.8M | $33.6M | ||
| Q1 25 | $878.6M | $26.3M | ||
| Q4 24 | $781.1M | $27.8M | ||
| Q3 24 | $759.3M | $20.3M | ||
| Q2 24 | $791.9M | $33.1M | ||
| Q1 24 | $809.9M | $23.0M |
| Q4 25 | $1.7B | $3.8B | ||
| Q3 25 | $1.8B | $3.7B | ||
| Q2 25 | $1.8B | $3.1B | ||
| Q1 25 | $1.7B | $2.8B | ||
| Q4 24 | $1.6B | $1.6B | ||
| Q3 24 | $1.8B | $1.5B | ||
| Q2 24 | $1.7B | $1.6B | ||
| Q1 24 | $1.8B | $1.3B |
| Q4 25 | $1.1B | $21.3M | ||
| Q3 25 | $1.0B | $181.1M | ||
| Q2 25 | $1.1B | $375.5M | ||
| Q1 25 | $1.1B | $476.2M | ||
| Q4 24 | $1.1B | $202.7M | ||
| Q3 24 | $1.3B | $370.8M | ||
| Q2 24 | $1.3B | $394.8M | ||
| Q1 24 | $1.3B | $402.5M |
| Q4 25 | $4.2B | $5.7B | ||
| Q3 25 | $4.4B | $5.5B | ||
| Q2 25 | $4.4B | $4.4B | ||
| Q1 25 | $4.5B | $4.1B | ||
| Q4 24 | $4.4B | $2.4B | ||
| Q3 24 | $4.8B | $2.4B | ||
| Q2 24 | $4.9B | $2.5B | ||
| Q1 24 | $4.9B | $2.3B |
| Q4 25 | 1.60× | 176.99× | ||
| Q3 25 | 1.76× | 20.59× | ||
| Q2 25 | 1.68× | 8.21× | ||
| Q1 25 | 1.57× | 5.79× | ||
| Q4 24 | 1.48× | 7.84× | ||
| Q3 24 | 1.36× | 4.14× | ||
| Q2 24 | 1.30× | 3.94× | ||
| Q1 24 | 1.35× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $112.2M | $-2.8M |
| Free Cash FlowOCF − Capex | $90.4M | $-68.6M |
| FCF MarginFCF / Revenue | 15.2% | -47.8% |
| Capex IntensityCapex / Revenue | 3.7% | 45.9% |
| Cash ConversionOCF / Net Profit | 3.51× | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.1M | $-398.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.2M | $-2.8M | ||
| Q3 25 | $-6.1M | $-24.4M | ||
| Q2 25 | $92.2M | $-5.2M | ||
| Q1 25 | $191.4M | $-85.7M | ||
| Q4 24 | $84.4M | $-8.1M | ||
| Q3 24 | $17.3M | $14.2M | ||
| Q2 24 | $68.9M | $-17.6M | ||
| Q1 24 | $167.8M | $-3.9M |
| Q4 25 | $90.4M | $-68.6M | ||
| Q3 25 | $-121.7M | $-90.7M | ||
| Q2 25 | $-10.5M | $-87.5M | ||
| Q1 25 | $116.9M | $-151.7M | ||
| Q4 24 | $24.0M | $-34.3M | ||
| Q3 24 | $-28.7M | $-11.7M | ||
| Q2 24 | $7.0M | $-32.1M | ||
| Q1 24 | $35.9M | $-16.7M |
| Q4 25 | 15.2% | -47.8% | ||
| Q3 25 | -24.6% | -64.5% | ||
| Q2 25 | -1.7% | -71.6% | ||
| Q1 25 | 19.0% | -157.7% | ||
| Q4 24 | 4.3% | -42.4% | ||
| Q3 24 | -5.9% | -14.0% | ||
| Q2 24 | 1.2% | -37.9% | ||
| Q1 24 | 6.2% | -20.3% |
| Q4 25 | 3.7% | 45.9% | ||
| Q3 25 | 23.4% | 47.2% | ||
| Q2 25 | 16.6% | 67.3% | ||
| Q1 25 | 12.1% | 68.6% | ||
| Q4 24 | 10.9% | 32.5% | ||
| Q3 24 | 9.4% | 31.1% | ||
| Q2 24 | 10.4% | 17.2% | ||
| Q1 24 | 22.7% | 15.6% |
| Q4 25 | 3.51× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 5.96× | -0.71× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.03× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALGT
| Airrelatedrevenue | $307.1M | 52% |
| Scheduled Service Revenue | $267.1M | 45% |
| Cobrand Revenue | $21.3M | 4% |
| Other | $1.0K | 0% |
FIP
| Power Revenues | $45.9M | 32% |
| Rail Revenue | $44.6M | 31% |
| Service Other | $22.8M | 16% |
| Gas Revenues | $15.3M | 11% |
| Roadside Services Revenues | $11.5M | 8% |
| Rapauno | $1.2M | 1% |
