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Side-by-side financial comparison of Douglas Emmett Inc (DEI) and FTAI Infrastructure Inc. (FIP). Click either name above to swap in a different company.
Douglas Emmett Inc is the larger business by last-quarter revenue ($249.4M vs $143.5M, roughly 1.7× FTAI Infrastructure Inc.). Douglas Emmett Inc runs the higher net margin — -2.7% vs -68.1%, a 65.3% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs 1.8%). Douglas Emmett Inc produced more free cash flow last quarter ($194.5M vs $-68.6M). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% CAGR vs 0.9%).
Douglas Emmett Inc is a leading real estate investment trust (REIT) that owns, operates, and acquires high-quality office and multifamily residential properties. Its core operation areas are high-barrier-to-entry markets including Los Angeles in California and Honolulu in Hawaii, serving premium commercial and residential tenant segments.
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.
DEI vs FIP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $249.4M | $143.5M |
| Net Profit | $-6.8M | $-97.7M |
| Gross Margin | 62.2% | — |
| Operating Margin | — | -45.7% |
| Net Margin | -2.7% | -68.1% |
| Revenue YoY | 1.8% | 77.7% |
| Net Profit YoY | -670.7% | 21.6% |
| EPS (diluted) | $-0.04 | $-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 | $249.4M | $143.5M | ||
| Q3 25 | $250.6M | $140.6M | ||
| Q2 25 | $252.4M | $122.3M | ||
| Q1 25 | $251.5M | $96.2M | ||
| Q4 24 | $245.0M | $80.8M | ||
| Q3 24 | $250.8M | $83.3M | ||
| Q2 24 | $245.8M | $84.9M | ||
| Q1 24 | $245.0M | $82.5M |
| Q4 25 | $-6.8M | $-97.7M | ||
| Q3 25 | $-10.9M | $-104.5M | ||
| Q2 25 | $-5.8M | $-70.0M | ||
| Q1 25 | $39.8M | $120.2M | ||
| Q4 24 | $-888.0K | $-124.7M | ||
| Q3 24 | $4.6M | $-43.0M | ||
| Q2 24 | $10.9M | $-48.1M | ||
| Q1 24 | $8.9M | $-50.3M |
| Q4 25 | 62.2% | — | ||
| Q3 25 | 63.6% | — | ||
| Q2 25 | 63.2% | — | ||
| Q1 25 | 64.4% | — | ||
| Q4 24 | 63.5% | — | ||
| Q3 24 | 62.2% | — | ||
| Q2 24 | 66.2% | — | ||
| Q1 24 | 66.1% | — |
| 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 24 | — | -58.8% |
| Q4 25 | -2.7% | -68.1% | ||
| Q3 25 | -4.3% | -74.4% | ||
| Q2 25 | -2.3% | -57.2% | ||
| Q1 25 | 15.8% | 125.0% | ||
| Q4 24 | -0.4% | -154.4% | ||
| Q3 24 | 1.8% | -51.6% | ||
| Q2 24 | 4.4% | -56.7% | ||
| Q1 24 | 3.6% | -60.9% |
| Q4 25 | $-0.04 | $-1.04 | ||
| Q3 25 | $-0.07 | $-1.38 | ||
| Q2 25 | $-0.04 | $-0.73 | ||
| Q1 25 | $0.24 | $0.89 | ||
| Q4 24 | $-0.01 | $-1.21 | ||
| Q3 24 | $0.03 | $-0.45 | ||
| Q2 24 | $0.06 | $-0.52 | ||
| Q1 24 | $0.05 | $-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 | $340.8M | $57.4M |
| Total DebtLower is stronger | $5.5B | $3.8B |
| Stockholders' EquityBook value | $1.9B | $21.3M |
| Total Assets | $9.3B | $5.7B |
| Debt / EquityLower = less leverage | 2.91× | 176.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $340.8M | $57.4M | ||
| Q3 25 | $408.5M | $34.7M | ||
| Q2 25 | $426.9M | $33.6M | ||
| Q1 25 | $525.7M | $26.3M | ||
| Q4 24 | $444.6M | $27.8M | ||
| Q3 24 | $544.2M | $20.3M | ||
| Q2 24 | $561.1M | $33.1M | ||
| Q1 24 | $556.7M | $23.0M |
| Q4 25 | $5.5B | $3.8B | ||
| Q3 25 | $5.6B | $3.7B | ||
| Q2 25 | $5.6B | $3.1B | ||
| Q1 25 | $5.6B | $2.8B | ||
| Q4 24 | $5.5B | $1.6B | ||
| Q3 24 | $5.5B | $1.5B | ||
| Q2 24 | $5.5B | $1.6B | ||
| Q1 24 | $5.5B | $1.3B |
| Q4 25 | $1.9B | $21.3M | ||
| Q3 25 | $1.9B | $181.1M | ||
| Q2 25 | $2.0B | $375.5M | ||
| Q1 25 | $2.0B | $476.2M | ||
| Q4 24 | $2.1B | $202.7M | ||
| Q3 24 | $2.1B | $370.8M | ||
| Q2 24 | $2.2B | $394.8M | ||
| Q1 24 | $2.2B | $402.5M |
| Q4 25 | $9.3B | $5.7B | ||
| Q3 25 | $9.4B | $5.5B | ||
| Q2 25 | $9.4B | $4.4B | ||
| Q1 25 | $9.6B | $4.1B | ||
| Q4 24 | $9.4B | $2.4B | ||
| Q3 24 | $9.5B | $2.4B | ||
| Q2 24 | $9.6B | $2.5B | ||
| Q1 24 | $9.6B | $2.3B |
| Q4 25 | 2.91× | 176.99× | ||
| Q3 25 | 2.85× | 20.59× | ||
| Q2 25 | 2.78× | 8.21× | ||
| Q1 25 | 2.75× | 5.79× | ||
| Q4 24 | 2.67× | 7.84× | ||
| Q3 24 | 2.64× | 4.14× | ||
| Q2 24 | 2.56× | 3.94× | ||
| Q1 24 | 2.52× | 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 | $386.9M | $-2.8M |
| Free Cash FlowOCF − Capex | $194.5M | $-68.6M |
| FCF MarginFCF / Revenue | 78.0% | -47.8% |
| Capex IntensityCapex / Revenue | 77.1% | 45.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $376.9M | $-398.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $386.9M | $-2.8M | ||
| Q3 25 | $109.8M | $-24.4M | ||
| Q2 25 | $81.3M | $-5.2M | ||
| Q1 25 | $132.6M | $-85.7M | ||
| Q4 24 | $408.7M | $-8.1M | ||
| Q3 24 | $103.7M | $14.2M | ||
| Q2 24 | $91.9M | $-17.6M | ||
| Q1 24 | $139.0M | $-3.9M |
| Q4 25 | $194.5M | $-68.6M | ||
| Q3 25 | $61.9M | $-90.7M | ||
| Q2 25 | $30.2M | $-87.5M | ||
| Q1 25 | $90.3M | $-151.7M | ||
| Q4 24 | $241.4M | $-34.3M | ||
| Q3 24 | $63.2M | $-11.7M | ||
| Q2 24 | $52.2M | $-32.1M | ||
| Q1 24 | $90.9M | $-16.7M |
| Q4 25 | 78.0% | -47.8% | ||
| Q3 25 | 24.7% | -64.5% | ||
| Q2 25 | 11.9% | -71.6% | ||
| Q1 25 | 35.9% | -157.7% | ||
| Q4 24 | 98.5% | -42.4% | ||
| Q3 24 | 25.2% | -14.0% | ||
| Q2 24 | 21.2% | -37.9% | ||
| Q1 24 | 37.1% | -20.3% |
| Q4 25 | 77.1% | 45.9% | ||
| Q3 25 | 19.1% | 47.2% | ||
| Q2 25 | 20.3% | 67.3% | ||
| Q1 25 | 16.8% | 68.6% | ||
| Q4 24 | 68.3% | 32.5% | ||
| Q3 24 | 16.1% | 31.1% | ||
| Q2 24 | 16.1% | 17.2% | ||
| Q1 24 | 19.6% | 15.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.33× | -0.71× | ||
| Q4 24 | — | — | ||
| Q3 24 | 22.46× | — | ||
| Q2 24 | 8.44× | — | ||
| Q1 24 | 15.60× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DEI
| Rental Revenue And Tenant Recovery Revenue | $169.4M | 68% |
| Multifamily Segment | $49.9M | 20% |
| Parking Revenue And Other Income | $30.2M | 12% |
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% |
