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Side-by-side financial comparison of FTAI Infrastructure Inc. (FIP) and Galiano Gold Inc. (GAU). Click either name above to swap in a different company.

Galiano Gold Inc. is the larger business by last-quarter revenue ($166.8M vs $143.5M, roughly 1.2× FTAI Infrastructure Inc.). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% CAGR vs 1.3%).

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.

Galiano Gold Inc. is a Canada-based mineral exploration and production firm focused on gold assets. Its core operation is the Asanko Gold Mine in Ghana, West Africa. It extracts, processes and sells gold products to global precious metals markets, catering to both industrial clients and investment sector purchasers.

FIP vs GAU — Head-to-Head

Bigger by revenue
GAU
GAU
1.2× larger
GAU
$166.8M
$143.5M
FIP
Faster 2-yr revenue CAGR
FIP
FIP
Annualised
FIP
31.9%
1.3%
GAU

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FIP
FIP
GAU
GAU
Revenue
$143.5M
$166.8M
Net Profit
$-97.7M
Gross Margin
Operating Margin
-45.7%
24.3%
Net Margin
-68.1%
Revenue YoY
77.7%
Net Profit YoY
21.6%
EPS (diluted)
$-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.

Revenue
FIP
FIP
GAU
GAU
Q4 25
$143.5M
Q3 25
$140.6M
$166.8M
Q2 25
$122.3M
$95.7M
Q1 25
$96.2M
$31.7M
Q4 24
$80.8M
Q3 24
$83.3M
$71.1M
Q2 24
$84.9M
$64.0M
Q1 24
$82.5M
$31.7M
Net Profit
FIP
FIP
GAU
GAU
Q4 25
$-97.7M
Q3 25
$-104.5M
Q2 25
$-70.0M
$4.1M
Q1 25
$120.2M
$-3.2M
Q4 24
$-124.7M
Q3 24
$-43.0M
$1.1M
Q2 24
$-48.1M
$8.8M
Q1 24
$-50.3M
Operating Margin
FIP
FIP
GAU
GAU
Q4 25
-45.7%
Q3 25
-70.8%
24.3%
Q2 25
-56.4%
18.4%
Q1 25
81.8%
8.2%
Q4 24
-152.7%
Q3 24
-51.7%
Q2 24
-56.4%
Q1 24
-58.8%
17.2%
Net Margin
FIP
FIP
GAU
GAU
Q4 25
-68.1%
Q3 25
-74.4%
Q2 25
-57.2%
4.3%
Q1 25
125.0%
-10.1%
Q4 24
-154.4%
Q3 24
-51.6%
1.5%
Q2 24
-56.7%
13.8%
Q1 24
-60.9%
EPS (diluted)
FIP
FIP
GAU
GAU
Q4 25
$-1.04
Q3 25
$-1.38
Q2 25
$-0.73
Q1 25
$0.89
Q4 24
$-1.21
Q3 24
$-0.45
Q2 24
$-0.52
Q1 24
$-0.54

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FIP
FIP
GAU
GAU
Cash + ST InvestmentsLiquidity on hand
$57.4M
Total DebtLower is stronger
$3.8B
Stockholders' EquityBook value
$21.3M
Total Assets
$5.7B
Debt / EquityLower = less leverage
176.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIP
FIP
GAU
GAU
Q4 25
$57.4M
Q3 25
$34.7M
Q2 25
$33.6M
Q1 25
$26.3M
Q4 24
$27.8M
Q3 24
$20.3M
Q2 24
$33.1M
Q1 24
$23.0M
Total Debt
FIP
FIP
GAU
GAU
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
Stockholders' Equity
FIP
FIP
GAU
GAU
Q4 25
$21.3M
Q3 25
$181.1M
Q2 25
$375.5M
Q1 25
$476.2M
Q4 24
$202.7M
Q3 24
$370.8M
Q2 24
$394.8M
Q1 24
$402.5M
Total Assets
FIP
FIP
GAU
GAU
Q4 25
$5.7B
Q3 25
$5.5B
Q2 25
$4.4B
Q1 25
$4.1B
Q4 24
$2.4B
Q3 24
$2.4B
Q2 24
$2.5B
Q1 24
$2.3B
Debt / Equity
FIP
FIP
GAU
GAU
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
FIP
FIP
GAU
GAU
Operating Cash FlowLast quarter
$-2.8M
$41.9M
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.

Operating Cash Flow
FIP
FIP
GAU
GAU
Q4 25
$-2.8M
Q3 25
$-24.4M
$41.9M
Q2 25
$-5.2M
$17.5M
Q1 25
$-85.7M
$13.0M
Q4 24
$-8.1M
Q3 24
$14.2M
$28.6M
Q2 24
$-17.6M
$9.2M
Q1 24
$-3.9M
Free Cash Flow
FIP
FIP
GAU
GAU
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
FCF Margin
FIP
FIP
GAU
GAU
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%
Capex Intensity
FIP
FIP
GAU
GAU
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 24
15.6%
Cash Conversion
FIP
FIP
GAU
GAU
Q4 25
Q3 25
Q2 25
4.30×
Q1 25
-0.71×
Q4 24
Q3 24
26.04×
Q2 24
1.05×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FIP
FIP

Power Revenues$45.9M32%
Rail Revenue$44.6M31%
Service Other$22.8M16%
Gas Revenues$15.3M11%
Roadside Services Revenues$11.5M8%
Rapauno$1.2M1%

GAU
GAU

Segment breakdown not available.

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