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Side-by-side financial comparison of Easterly Government Properties, Inc. (DEA) 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 ($188.4M vs $91.5M, roughly 2.1× Easterly Government Properties, Inc.). Easterly Government Properties, Inc. runs the higher net margin — 1.5% vs -79.7%, a 81.3% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (95.9% vs 16.4%). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (49.0% CAGR vs 9.6%).
Easterly Government Properties, Inc. is a U.S.-headquartered real estate investment trust focused on acquiring, developing, and managing mission-critical commercial properties primarily leased to U.S. federal government agencies. Its portfolio covers office spaces, healthcare facilities, and security-related properties, serving government clients across key domestic markets.
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.
DEA vs FIP — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $91.5M | $188.4M |
| Net Profit | $1.4M | $-150.2M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 1.5% | -79.7% |
| Revenue YoY | 16.4% | 95.9% |
| Net Profit YoY | -56.9% | -387.6% |
| EPS (diluted) | $0.36 | $-1.32 |
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 | $91.5M | $188.4M | ||
| Q4 25 | $87.0M | $143.5M | ||
| Q3 25 | $86.2M | $140.6M | ||
| Q2 25 | $84.2M | $122.3M | ||
| Q1 25 | $78.7M | $96.2M | ||
| Q4 24 | $78.3M | $80.8M | ||
| Q3 24 | $74.8M | $83.3M | ||
| Q2 24 | $76.2M | $84.9M |
| Q1 26 | $1.4M | $-150.2M | ||
| Q4 25 | $4.6M | $-97.7M | ||
| Q3 25 | $1.2M | $-104.5M | ||
| Q2 25 | $4.1M | $-70.0M | ||
| Q1 25 | $3.1M | $120.2M | ||
| Q4 24 | $5.5M | $-124.7M | ||
| Q3 24 | $4.9M | $-43.0M | ||
| Q2 24 | $4.6M | $-48.1M |
| Q1 26 | — | — | ||
| Q4 25 | 77.3% | — | ||
| Q3 25 | 76.0% | — | ||
| Q2 25 | 77.2% | — | ||
| Q1 25 | 77.4% | — | ||
| Q4 24 | 76.1% | — | ||
| Q3 24 | 77.7% | — | ||
| Q2 24 | 76.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | -45.7% | ||
| Q3 25 | — | -70.8% | ||
| Q2 25 | — | -56.4% | ||
| Q1 25 | — | 81.8% | ||
| Q4 24 | — | -152.7% | ||
| Q3 24 | — | -51.7% | ||
| Q2 24 | — | -56.4% |
| Q1 26 | 1.5% | -79.7% | ||
| Q4 25 | 5.3% | -68.1% | ||
| Q3 25 | 1.4% | -74.4% | ||
| Q2 25 | 4.8% | -57.2% | ||
| Q1 25 | 4.0% | 125.0% | ||
| Q4 24 | 7.0% | -154.4% | ||
| Q3 24 | 6.5% | -51.6% | ||
| Q2 24 | 6.0% | -56.7% |
| Q1 26 | $0.36 | $-1.32 | ||
| Q4 25 | $0.09 | $-1.04 | ||
| Q3 25 | $0.02 | $-1.38 | ||
| Q2 25 | $0.09 | $-0.73 | ||
| Q1 25 | $0.07 | $0.89 | ||
| Q4 24 | $0.13 | $-1.21 | ||
| Q3 24 | $0.11 | $-0.45 | ||
| Q2 24 | $0.11 | $-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 | $2.0M | $37.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | $-122.5K |
| Total Assets | $3.4B | $5.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.0M | $37.9M | ||
| Q4 25 | $23.4M | $57.4M | ||
| Q3 25 | $4.4M | $34.7M | ||
| Q2 25 | $4.7M | $33.6M | ||
| Q1 25 | $8.5M | $26.3M | ||
| Q4 24 | $19.4M | $27.8M | ||
| Q3 24 | $31.2M | $20.3M | ||
| Q2 24 | $14.8M | $33.1M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $3.8B | ||
| Q3 25 | $1.6B | $3.7B | ||
| Q2 25 | $1.7B | $3.1B | ||
| Q1 25 | $1.6B | $2.8B | ||
| Q4 24 | $1.6B | $1.6B | ||
| Q3 24 | $1.5B | $1.5B | ||
| Q2 24 | $1.4B | $1.6B |
| Q1 26 | $1.3B | $-122.5K | ||
| Q4 25 | $1.3B | $21.3M | ||
| Q3 25 | $1.3B | $181.1M | ||
| Q2 25 | $1.3B | $375.5M | ||
| Q1 25 | $1.3B | $476.2M | ||
| Q4 24 | $1.3B | $202.7M | ||
| Q3 24 | $1.3B | $370.8M | ||
| Q2 24 | $1.3B | $394.8M |
| Q1 26 | $3.4B | $5.7B | ||
| Q4 25 | $3.4B | $5.7B | ||
| Q3 25 | $3.4B | $5.5B | ||
| Q2 25 | $3.4B | $4.4B | ||
| Q1 25 | $3.2B | $4.1B | ||
| Q4 24 | $3.2B | $2.4B | ||
| Q3 24 | $3.1B | $2.4B | ||
| Q2 24 | $3.0B | $2.5B |
| Q1 26 | — | — | ||
| Q4 25 | 1.26× | 176.99× | ||
| Q3 25 | 1.23× | 20.59× | ||
| Q2 25 | 1.29× | 8.21× | ||
| Q1 25 | 1.20× | 5.79× | ||
| Q4 24 | 1.21× | 7.84× | ||
| Q3 24 | 1.12× | 4.14× | ||
| Q2 24 | 1.07× | 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 | — | $-69.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-69.4M | ||
| Q4 25 | $259.2M | $-2.8M | ||
| Q3 25 | $155.0M | $-24.4M | ||
| Q2 25 | $38.1M | $-5.2M | ||
| Q1 25 | $24.2M | $-85.7M | ||
| Q4 24 | $162.6M | $-8.1M | ||
| Q3 24 | $57.2M | $14.2M | ||
| Q2 24 | $57.0M | $-17.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-68.6M | ||
| Q3 25 | — | $-90.7M | ||
| Q2 25 | — | $-87.5M | ||
| Q1 25 | — | $-151.7M | ||
| Q4 24 | — | $-34.3M | ||
| Q3 24 | — | $-11.7M | ||
| Q2 24 | — | $-32.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | -47.8% | ||
| Q3 25 | — | -64.5% | ||
| Q2 25 | — | -71.6% | ||
| Q1 25 | — | -157.7% | ||
| Q4 24 | — | -42.4% | ||
| Q3 24 | — | -14.0% | ||
| Q2 24 | — | -37.9% |
| Q1 26 | 0.7% | — | ||
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 47.2% | ||
| Q2 25 | — | 67.3% | ||
| Q1 25 | — | 68.6% | ||
| Q4 24 | — | 32.5% | ||
| Q3 24 | — | 31.1% | ||
| Q2 24 | — | 17.2% |
| Q1 26 | — | — | ||
| Q4 25 | 56.44× | — | ||
| Q3 25 | 127.75× | — | ||
| Q2 25 | 9.36× | — | ||
| Q1 25 | 7.73× | -0.71× | ||
| Q4 24 | 29.82× | — | ||
| Q3 24 | 11.76× | — | ||
| Q2 24 | 12.37× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DEA
| Rental income | $88.6M | 97% |
| Other | $2.3M | 3% |
| Asset management income | $646.0K | 1% |
FIP
Segment breakdown not available.
