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Side-by-side financial comparison of FIRST BUSEY CORP (BUSE) and FTAI Infrastructure Inc. (FIP). Click either name above to swap in a different company.
FIRST BUSEY CORP is the larger business by last-quarter revenue ($196.2M vs $143.5M, roughly 1.4× FTAI Infrastructure Inc.). FIRST BUSEY CORP runs the higher net margin — 25.5% vs -68.1%, a 93.6% gap on every dollar of revenue. Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% CAGR vs 29.9%).
First Busey Bank is a financial institution headquartered in Champaign, Illinois that operates in Illinois, Indiana, and southwest Florida. It is owned by First Busey Holding, a financial holding company.
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.
BUSE vs FIP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $196.2M | $143.5M |
| Net Profit | $50.0M | $-97.7M |
| Gross Margin | — | — |
| Operating Margin | — | -45.7% |
| Net Margin | 25.5% | -68.1% |
| Revenue YoY | — | 77.7% |
| Net Profit YoY | 266.7% | 21.6% |
| EPS (diluted) | $1.00 | $-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.
| Q1 26 | $196.2M | — | ||
| Q4 25 | $200.2M | $143.5M | ||
| Q3 25 | $196.3M | $140.6M | ||
| Q2 25 | $198.0M | $122.3M | ||
| Q1 25 | $125.0M | $96.2M | ||
| Q4 24 | $116.8M | $80.8M | ||
| Q3 24 | $118.5M | $83.3M | ||
| Q2 24 | $116.2M | $84.9M |
| Q1 26 | $50.0M | — | ||
| Q4 25 | — | $-97.7M | ||
| Q3 25 | $57.1M | $-104.5M | ||
| Q2 25 | $47.4M | $-70.0M | ||
| Q1 25 | $-30.0M | $120.2M | ||
| Q4 24 | — | $-124.7M | ||
| Q3 24 | $32.0M | $-43.0M | ||
| Q2 24 | $27.4M | $-48.1M |
| Q1 26 | — | — | ||
| Q4 25 | 38.7% | -45.7% | ||
| Q3 25 | 39.4% | -70.8% | ||
| Q2 25 | 32.6% | -56.4% | ||
| Q1 25 | -26.1% | 81.8% | ||
| Q4 24 | 32.0% | -152.7% | ||
| Q3 24 | 35.9% | -51.7% | ||
| Q2 24 | 33.1% | -56.4% |
| Q1 26 | 25.5% | — | ||
| Q4 25 | — | -68.1% | ||
| Q3 25 | 29.1% | -74.4% | ||
| Q2 25 | 23.9% | -57.2% | ||
| Q1 25 | -24.0% | 125.0% | ||
| Q4 24 | — | -154.4% | ||
| Q3 24 | 27.0% | -51.6% | ||
| Q2 24 | 23.5% | -56.7% |
| Q1 26 | $1.00 | — | ||
| Q4 25 | $0.81 | $-1.04 | ||
| Q3 25 | $0.58 | $-1.38 | ||
| Q2 25 | $0.52 | $-0.73 | ||
| Q1 25 | $-0.44 | $0.89 | ||
| Q4 24 | $0.50 | $-1.21 | ||
| Q3 24 | $0.55 | $-0.45 | ||
| Q2 24 | $0.47 | $-0.52 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $288.5M | $57.4M |
| Total DebtLower is stronger | — | $3.8B |
| Stockholders' EquityBook value | $2.5B | $21.3M |
| Total Assets | $18.1B | $5.7B |
| Debt / EquityLower = less leverage | — | 176.99× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $288.5M | — | ||
| Q4 25 | $294.1M | $57.4M | ||
| Q3 25 | $385.5M | $34.7M | ||
| Q2 25 | $752.4M | $33.6M | ||
| Q1 25 | $1.2B | $26.3M | ||
| Q4 24 | $697.7M | $27.8M | ||
| Q3 24 | $553.7M | $20.3M | ||
| Q2 24 | $285.3M | $33.1M |
| Q1 26 | — | — | ||
| Q4 25 | $113.8M | $3.8B | ||
| Q3 25 | $92.4M | $3.7B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | $0 | $1.6B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.6B |
| Q1 26 | $2.5B | — | ||
| Q4 25 | $2.5B | $21.3M | ||
| Q3 25 | $2.4B | $181.1M | ||
| Q2 25 | $2.4B | $375.5M | ||
| Q1 25 | $2.2B | $476.2M | ||
| Q4 24 | $1.4B | $202.7M | ||
| Q3 24 | $1.4B | $370.8M | ||
| Q2 24 | $1.3B | $394.8M |
| Q1 26 | $18.1B | — | ||
| Q4 25 | $18.1B | $5.7B | ||
| Q3 25 | $18.2B | $5.5B | ||
| Q2 25 | $18.9B | $4.4B | ||
| Q1 25 | $19.5B | $4.1B | ||
| Q4 24 | $12.0B | $2.4B | ||
| Q3 24 | $12.0B | $2.4B | ||
| Q2 24 | $12.0B | $2.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.05× | 176.99× | ||
| Q3 25 | 0.04× | 20.59× | ||
| Q2 25 | — | 8.21× | ||
| Q1 25 | — | 5.79× | ||
| Q4 24 | 0.00× | 7.84× | ||
| Q3 24 | — | 4.14× | ||
| Q2 24 | — | 3.94× |
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 | — | $-2.8M |
| Free Cash FlowOCF − Capex | — | $-68.6M |
| FCF MarginFCF / Revenue | — | -47.8% |
| Capex IntensityCapex / Revenue | — | 45.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-398.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $192.6M | $-2.8M | ||
| Q3 25 | $62.5M | $-24.4M | ||
| Q2 25 | $49.5M | $-5.2M | ||
| Q1 25 | $8.4M | $-85.7M | ||
| Q4 24 | $178.3M | $-8.1M | ||
| Q3 24 | $60.1M | $14.2M | ||
| Q2 24 | $28.5M | $-17.6M |
| Q1 26 | — | — | ||
| Q4 25 | $173.0M | $-68.6M | ||
| Q3 25 | $54.5M | $-90.7M | ||
| Q2 25 | $46.1M | $-87.5M | ||
| Q1 25 | $6.6M | $-151.7M | ||
| Q4 24 | $171.8M | $-34.3M | ||
| Q3 24 | $59.1M | $-11.7M | ||
| Q2 24 | $26.3M | $-32.1M |
| Q1 26 | — | — | ||
| Q4 25 | 86.4% | -47.8% | ||
| Q3 25 | 27.7% | -64.5% | ||
| Q2 25 | 23.3% | -71.6% | ||
| Q1 25 | 5.3% | -157.7% | ||
| Q4 24 | 147.1% | -42.4% | ||
| Q3 24 | 49.9% | -14.0% | ||
| Q2 24 | 22.6% | -37.9% |
| Q1 26 | — | — | ||
| Q4 25 | 9.8% | 45.9% | ||
| Q3 25 | 4.1% | 47.2% | ||
| Q2 25 | 1.7% | 67.3% | ||
| Q1 25 | 1.4% | 68.6% | ||
| Q4 24 | 5.5% | 32.5% | ||
| Q3 24 | 0.8% | 31.1% | ||
| Q2 24 | 1.9% | 17.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.09× | — | ||
| Q2 25 | 1.04× | — | ||
| Q1 25 | — | -0.71× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.88× | — | ||
| Q2 24 | 1.04× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BUSE
| Net Interest Income | $154.0M | 78% |
| Noninterest Income | $42.3M | 22% |
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% |
