vs
Side-by-side financial comparison of Ellington Financial Inc. (EFC) 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 $78.2M, roughly 1.8× Ellington Financial Inc.). Ellington Financial Inc. runs the higher net margin — 28.9% vs -68.1%, a 97.0% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs 8.7%). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% CAGR vs 1.8%).
Ellington Management Group is an American hedge fund firm. As of June 2019, the firm was reportedly managing $8.5 billion in structured products and other credit instruments.
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.
EFC vs FIP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $143.5M |
| Net Profit | $22.6M | $-97.7M |
| Gross Margin | — | — |
| Operating Margin | 7.4% | -45.7% |
| Net Margin | 28.9% | -68.1% |
| Revenue YoY | 8.7% | 77.7% |
| Net Profit YoY | -26.2% | 21.6% |
| EPS (diluted) | $0.10 | $-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 | $78.2M | $143.5M | ||
| Q3 25 | $82.8M | $140.6M | ||
| Q2 25 | $92.5M | $122.3M | ||
| Q1 25 | $82.9M | $96.2M | ||
| Q4 24 | $72.0M | $80.8M | ||
| Q3 24 | $67.0M | $83.3M | ||
| Q2 24 | $91.2M | $84.9M | ||
| Q1 24 | $75.5M | $82.5M |
| Q4 25 | $22.6M | $-97.7M | ||
| Q3 25 | $29.5M | $-104.5M | ||
| Q2 25 | $42.9M | $-70.0M | ||
| Q1 25 | $31.6M | $120.2M | ||
| Q4 24 | $30.7M | $-124.7M | ||
| Q3 24 | $16.2M | $-43.0M | ||
| Q2 24 | $52.3M | $-48.1M | ||
| Q1 24 | $26.9M | $-50.3M |
| Q4 25 | 7.4% | -45.7% | ||
| Q3 25 | 31.1% | -70.8% | ||
| Q2 25 | 38.3% | -56.4% | ||
| Q1 25 | 37.3% | 81.8% | ||
| Q4 24 | 28.0% | -152.7% | ||
| Q3 24 | 24.0% | -51.7% | ||
| Q2 24 | 52.8% | -56.4% | ||
| Q1 24 | 42.2% | -58.8% |
| Q4 25 | 28.9% | -68.1% | ||
| Q3 25 | 35.7% | -74.4% | ||
| Q2 25 | 46.4% | -57.2% | ||
| Q1 25 | 38.2% | 125.0% | ||
| Q4 24 | 42.6% | -154.4% | ||
| Q3 24 | 24.1% | -51.6% | ||
| Q2 24 | 57.4% | -56.7% | ||
| Q1 24 | 35.6% | -60.9% |
| Q4 25 | $0.10 | $-1.04 | ||
| Q3 25 | $0.29 | $-1.38 | ||
| Q2 25 | $0.45 | $-0.73 | ||
| Q1 25 | $0.35 | $0.89 | ||
| Q4 24 | $0.23 | $-1.21 | ||
| Q3 24 | $0.19 | $-0.45 | ||
| Q2 24 | $0.62 | $-0.52 | ||
| Q1 24 | $0.32 | $-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 | $201.9M | $57.4M |
| Total DebtLower is stronger | — | $3.8B |
| Stockholders' EquityBook value | $1.8B | $21.3M |
| Total Assets | $19.4B | $5.7B |
| Debt / EquityLower = less leverage | — | 176.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $201.9M | $57.4M | ||
| Q3 25 | $184.8M | $34.7M | ||
| Q2 25 | $211.0M | $33.6M | ||
| Q1 25 | $203.3M | $26.3M | ||
| Q4 24 | $192.4M | $27.8M | ||
| Q3 24 | $217.7M | $20.3M | ||
| Q2 24 | $198.5M | $33.1M | ||
| Q1 24 | $187.5M | $23.0M |
| 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 |
| Q4 25 | $1.8B | $21.3M | ||
| Q3 25 | $1.8B | $181.1M | ||
| Q2 25 | $1.7B | $375.5M | ||
| Q1 25 | $1.6B | $476.2M | ||
| Q4 24 | $1.6B | $202.7M | ||
| Q3 24 | $1.6B | $370.8M | ||
| Q2 24 | $1.6B | $394.8M | ||
| Q1 24 | $1.5B | $402.5M |
| Q4 25 | $19.4B | $5.7B | ||
| Q3 25 | $17.8B | $5.5B | ||
| Q2 25 | $17.1B | $4.4B | ||
| Q1 25 | $16.6B | $4.1B | ||
| Q4 24 | $16.3B | $2.4B | ||
| Q3 24 | $16.0B | $2.4B | ||
| Q2 24 | $15.1B | $2.5B | ||
| Q1 24 | $15.1B | $2.3B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-925.5M | $-2.8M |
| Free Cash FlowOCF − Capex | — | $-68.6M |
| FCF MarginFCF / Revenue | — | -47.8% |
| Capex IntensityCapex / Revenue | 0.0% | 45.9% |
| Cash ConversionOCF / Net Profit | -40.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-398.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-925.5M | $-2.8M | ||
| Q3 25 | $-290.4M | $-24.4M | ||
| Q2 25 | $-210.5M | $-5.2M | ||
| Q1 25 | $-126.4M | $-85.7M | ||
| Q4 24 | $-430.5M | $-8.1M | ||
| Q3 24 | $-141.7M | $14.2M | ||
| Q2 24 | $-88.6M | $-17.6M | ||
| Q1 24 | $-59.5M | $-3.9M |
| 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 24 | — | $-16.7M |
| 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 24 | — | -20.3% |
| Q4 25 | 0.0% | 45.9% | ||
| Q3 25 | — | 47.2% | ||
| Q2 25 | — | 67.3% | ||
| Q1 25 | — | 68.6% | ||
| Q4 24 | 0.0% | 32.5% | ||
| Q3 24 | 0.0% | 31.1% | ||
| Q2 24 | 0.0% | 17.2% | ||
| Q1 24 | 0.0% | 15.6% |
| Q4 25 | -40.92× | — | ||
| Q3 25 | -9.84× | — | ||
| Q2 25 | -4.90× | — | ||
| Q1 25 | -3.99× | -0.71× | ||
| Q4 24 | -14.04× | — | ||
| Q3 24 | -8.76× | — | ||
| Q2 24 | -1.69× | — | ||
| Q1 24 | -2.21× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EFC
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% |
