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Side-by-side financial comparison of Burke & Herbert Financial Services Corp. (BHRB) and FTAI Infrastructure Inc. (FIP). Click either name above to swap in a different company.

FTAI Infrastructure Inc. is the larger business by last-quarter revenue ($143.5M vs $86.5M, roughly 1.7× Burke & Herbert Financial Services Corp.). Burke & Herbert Financial Services Corp. runs the higher net margin — 34.9% vs -68.1%, a 103.0% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs 4.9%). Burke & Herbert Financial Services Corp. produced more free cash flow last quarter ($96.2M vs $-68.6M). Over the past eight quarters, Burke & Herbert Financial Services Corp.'s revenue compounded faster (81.1% CAGR vs 31.9%).

Burke & Herbert Financial Services Corp is a U.S.-based regional financial holding company, offering personal and commercial banking, wealth management, residential mortgage lending, and small business financing services. Its core market covers Virginia and adjacent Mid-Atlantic regions, serving retail consumers, SMEs, and high-net-worth clients.

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.

BHRB vs FIP — Head-to-Head

Bigger by revenue
FIP
FIP
1.7× larger
FIP
$143.5M
$86.5M
BHRB
Growing faster (revenue YoY)
FIP
FIP
+72.8% gap
FIP
77.7%
4.9%
BHRB
Higher net margin
BHRB
BHRB
103.0% more per $
BHRB
34.9%
-68.1%
FIP
More free cash flow
BHRB
BHRB
$164.9M more FCF
BHRB
$96.2M
$-68.6M
FIP
Faster 2-yr revenue CAGR
BHRB
BHRB
Annualised
BHRB
81.1%
31.9%
FIP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BHRB
BHRB
FIP
FIP
Revenue
$86.5M
$143.5M
Net Profit
$30.2M
$-97.7M
Gross Margin
Operating Margin
43.8%
-45.7%
Net Margin
34.9%
-68.1%
Revenue YoY
4.9%
77.7%
Net Profit YoY
52.8%
21.6%
EPS (diluted)
$1.98
$-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
BHRB
BHRB
FIP
FIP
Q4 25
$86.5M
$143.5M
Q3 25
$85.4M
$140.6M
Q2 25
$87.1M
$122.3M
Q1 25
$83.0M
$96.2M
Q4 24
$82.5M
$80.8M
Q3 24
$83.8M
$83.3M
Q2 24
$69.3M
$84.9M
Q1 24
$26.4M
$82.5M
Net Profit
BHRB
BHRB
FIP
FIP
Q4 25
$30.2M
$-97.7M
Q3 25
$30.0M
$-104.5M
Q2 25
$29.9M
$-70.0M
Q1 25
$27.2M
$120.2M
Q4 24
$19.8M
$-124.7M
Q3 24
$27.6M
$-43.0M
Q2 24
$-16.9M
$-48.1M
Q1 24
$5.2M
$-50.3M
Operating Margin
BHRB
BHRB
FIP
FIP
Q4 25
43.8%
-45.7%
Q3 25
43.3%
-70.8%
Q2 25
42.7%
-56.4%
Q1 25
39.6%
81.8%
Q4 24
24.6%
-152.7%
Q3 24
39.2%
-51.7%
Q2 24
-27.5%
-56.4%
Q1 24
22.3%
-58.8%
Net Margin
BHRB
BHRB
FIP
FIP
Q4 25
34.9%
-68.1%
Q3 25
35.1%
-74.4%
Q2 25
34.3%
-57.2%
Q1 25
32.8%
125.0%
Q4 24
24.0%
-154.4%
Q3 24
33.0%
-51.6%
Q2 24
-24.4%
-56.7%
Q1 24
19.8%
-60.9%
EPS (diluted)
BHRB
BHRB
FIP
FIP
Q4 25
$1.98
$-1.04
Q3 25
$1.97
$-1.38
Q2 25
$1.97
$-0.73
Q1 25
$1.80
$0.89
Q4 24
$1.72
$-1.21
Q3 24
$1.82
$-0.45
Q2 24
$-1.41
$-0.52
Q1 24
$0.69
$-0.54

Balance Sheet & Financial Strength

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

Metric
BHRB
BHRB
FIP
FIP
Cash + ST InvestmentsLiquidity on hand
$57.4M
Total DebtLower is stronger
$3.8B
Stockholders' EquityBook value
$854.6M
$21.3M
Total Assets
$7.9B
$5.7B
Debt / EquityLower = less leverage
176.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHRB
BHRB
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
BHRB
BHRB
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
BHRB
BHRB
FIP
FIP
Q4 25
$854.6M
$21.3M
Q3 25
$822.2M
$181.1M
Q2 25
$780.0M
$375.5M
Q1 25
$758.0M
$476.2M
Q4 24
$730.2M
$202.7M
Q3 24
$738.1M
$370.8M
Q2 24
$693.1M
$394.8M
Q1 24
$319.3M
$402.5M
Total Assets
BHRB
BHRB
FIP
FIP
Q4 25
$7.9B
$5.7B
Q3 25
$7.9B
$5.5B
Q2 25
$8.1B
$4.4B
Q1 25
$7.8B
$4.1B
Q4 24
$7.8B
$2.4B
Q3 24
$7.9B
$2.4B
Q2 24
$7.8B
$2.5B
Q1 24
$3.7B
$2.3B
Debt / Equity
BHRB
BHRB
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
BHRB
BHRB
FIP
FIP
Operating Cash FlowLast quarter
$107.9M
$-2.8M
Free Cash FlowOCF − Capex
$96.2M
$-68.6M
FCF MarginFCF / Revenue
111.2%
-47.8%
Capex IntensityCapex / Revenue
13.5%
45.9%
Cash ConversionOCF / Net Profit
3.57×
TTM Free Cash FlowTrailing 4 quarters
$164.1M
$-398.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHRB
BHRB
FIP
FIP
Q4 25
$107.9M
$-2.8M
Q3 25
$39.3M
$-24.4M
Q2 25
$41.0K
$-5.2M
Q1 25
$37.6M
$-85.7M
Q4 24
$85.8M
$-8.1M
Q3 24
$47.8M
$14.2M
Q2 24
$-46.0M
$-17.6M
Q1 24
$7.1M
$-3.9M
Free Cash Flow
BHRB
BHRB
FIP
FIP
Q4 25
$96.2M
$-68.6M
Q3 25
$35.4M
$-90.7M
Q2 25
$-3.4M
$-87.5M
Q1 25
$35.9M
$-151.7M
Q4 24
$81.2M
$-34.3M
Q3 24
$46.0M
$-11.7M
Q2 24
$-47.0M
$-32.1M
Q1 24
$5.6M
$-16.7M
FCF Margin
BHRB
BHRB
FIP
FIP
Q4 25
111.2%
-47.8%
Q3 25
41.5%
-64.5%
Q2 25
-3.9%
-71.6%
Q1 25
43.2%
-157.7%
Q4 24
98.5%
-42.4%
Q3 24
55.0%
-14.0%
Q2 24
-67.8%
-37.9%
Q1 24
21.2%
-20.3%
Capex Intensity
BHRB
BHRB
FIP
FIP
Q4 25
13.5%
45.9%
Q3 25
4.5%
47.2%
Q2 25
3.9%
67.3%
Q1 25
2.1%
68.6%
Q4 24
5.5%
32.5%
Q3 24
2.1%
31.1%
Q2 24
1.5%
17.2%
Q1 24
5.7%
15.6%
Cash Conversion
BHRB
BHRB
FIP
FIP
Q4 25
3.57×
Q3 25
1.31×
Q2 25
0.00×
Q1 25
1.38×
-0.71×
Q4 24
4.33×
Q3 24
1.73×
Q2 24
Q1 24
1.36×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BHRB
BHRB

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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