vs
Side-by-side financial comparison of BYLINE BANCORP, INC. (BY) 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 $112.4M, roughly 1.3× BYLINE BANCORP, INC.). BYLINE BANCORP, INC. runs the higher net margin — 33.4% vs -68.1%, a 101.5% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs 9.0%). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% CAGR vs 6.4%).
Byline Bank is a bank headquartered in Chicago, Illinois, United States. It is the primary subsidiary of Byline Bancorp, Inc., a bank holding company, and the 4th largest SBA 7(a) lender.
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.
BY vs FIP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $112.4M | $143.5M |
| Net Profit | $37.6M | $-97.7M |
| Gross Margin | — | — |
| Operating Margin | — | -45.7% |
| Net Margin | 33.4% | -68.1% |
| Revenue YoY | 9.0% | 77.7% |
| Net Profit YoY | 33.0% | 21.6% |
| EPS (diluted) | $0.83 | $-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 | $112.4M | — | ||
| Q4 25 | $117.0M | $143.5M | ||
| Q3 25 | $115.7M | $140.6M | ||
| Q2 25 | $110.5M | $122.3M | ||
| Q1 25 | $103.1M | $96.2M | ||
| Q4 24 | $104.7M | $80.8M | ||
| Q3 24 | $101.8M | $83.3M | ||
| Q2 24 | $99.4M | $84.9M |
| Q1 26 | $37.6M | — | ||
| Q4 25 | $34.5M | $-97.7M | ||
| Q3 25 | $37.2M | $-104.5M | ||
| Q2 25 | $30.1M | $-70.0M | ||
| Q1 25 | $28.2M | $120.2M | ||
| Q4 24 | $30.3M | $-124.7M | ||
| Q3 24 | $30.3M | $-43.0M | ||
| Q2 24 | $29.7M | $-48.1M |
| Q1 26 | — | — | ||
| Q4 25 | 40.1% | -45.7% | ||
| Q3 25 | 43.1% | -70.8% | ||
| Q2 25 | 35.2% | -56.4% | ||
| Q1 25 | 36.4% | 81.8% | ||
| Q4 24 | 38.6% | -152.7% | ||
| Q3 24 | 39.3% | -51.7% | ||
| Q2 24 | 40.4% | -56.4% |
| Q1 26 | 33.4% | — | ||
| Q4 25 | 34.1% | -68.1% | ||
| Q3 25 | 32.1% | -74.4% | ||
| Q2 25 | 27.2% | -57.2% | ||
| Q1 25 | 27.4% | 125.0% | ||
| Q4 24 | 34.3% | -154.4% | ||
| Q3 24 | 29.8% | -51.6% | ||
| Q2 24 | 29.9% | -56.7% |
| Q1 26 | $0.83 | — | ||
| Q4 25 | $0.77 | $-1.04 | ||
| Q3 25 | $0.82 | $-1.38 | ||
| Q2 25 | $0.66 | $-0.73 | ||
| Q1 25 | $0.64 | $0.89 | ||
| Q4 24 | $0.68 | $-1.21 | ||
| Q3 24 | $0.69 | $-0.45 | ||
| Q2 24 | $0.68 | $-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 | $198.4M | $57.4M |
| Total DebtLower is stronger | — | $3.8B |
| Stockholders' EquityBook value | $1.3B | $21.3M |
| Total Assets | $9.9B | $5.7B |
| Debt / EquityLower = less leverage | — | 176.99× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $198.4M | — | ||
| Q4 25 | $149.1M | $57.4M | ||
| Q3 25 | $259.0M | $34.7M | ||
| Q2 25 | $218.3M | $33.6M | ||
| Q1 25 | $421.3M | $26.3M | ||
| Q4 24 | $563.1M | $27.8M | ||
| Q3 24 | $452.6M | $20.3M | ||
| Q2 24 | $730.5M | $33.1M |
| Q1 26 | — | — | ||
| 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 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $21.3M | ||
| Q3 25 | $1.2B | $181.1M | ||
| Q2 25 | $1.2B | $375.5M | ||
| Q1 25 | $1.1B | $476.2M | ||
| Q4 24 | $1.1B | $202.7M | ||
| Q3 24 | $1.1B | $370.8M | ||
| Q2 24 | $1.0B | $394.8M |
| Q1 26 | $9.9B | — | ||
| Q4 25 | $9.7B | $5.7B | ||
| Q3 25 | $9.8B | $5.5B | ||
| Q2 25 | $9.7B | $4.4B | ||
| Q1 25 | $9.6B | $4.1B | ||
| Q4 24 | $9.5B | $2.4B | ||
| Q3 24 | $9.4B | $2.4B | ||
| Q2 24 | $9.6B | $2.5B |
| Q1 26 | — | — | ||
| 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× |
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 | $140.3M | $-2.8M | ||
| Q3 25 | $38.3M | $-24.4M | ||
| Q2 25 | $16.3M | $-5.2M | ||
| Q1 25 | $27.1M | $-85.7M | ||
| Q4 24 | $175.2M | $-8.1M | ||
| Q3 24 | $19.8M | $14.2M | ||
| Q2 24 | $40.1M | $-17.6M |
| Q1 26 | — | — | ||
| Q4 25 | $136.3M | $-68.6M | ||
| Q3 25 | $38.0M | $-90.7M | ||
| Q2 25 | $15.2M | $-87.5M | ||
| Q1 25 | $25.0M | $-151.7M | ||
| Q4 24 | $171.2M | $-34.3M | ||
| Q3 24 | $19.1M | $-11.7M | ||
| Q2 24 | $39.4M | $-32.1M |
| Q1 26 | — | — | ||
| Q4 25 | 116.5% | -47.8% | ||
| Q3 25 | 32.8% | -64.5% | ||
| Q2 25 | 13.7% | -71.6% | ||
| Q1 25 | 24.3% | -157.7% | ||
| Q4 24 | 163.5% | -42.4% | ||
| Q3 24 | 18.8% | -14.0% | ||
| Q2 24 | 39.7% | -37.9% |
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 45.9% | ||
| Q3 25 | 0.3% | 47.2% | ||
| Q2 25 | 1.0% | 67.3% | ||
| Q1 25 | 2.0% | 68.6% | ||
| Q4 24 | 3.8% | 32.5% | ||
| Q3 24 | 0.6% | 31.1% | ||
| Q2 24 | 0.7% | 17.2% |
| Q1 26 | — | — | ||
| Q4 25 | 4.06× | — | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 0.96× | -0.71× | ||
| Q4 24 | 5.78× | — | ||
| Q3 24 | 0.65× | — | ||
| Q2 24 | 1.35× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BY
Segment breakdown not available.
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% |
