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Side-by-side financial comparison of FTAI Infrastructure Inc. (FIP) and GRID DYNAMICS HOLDINGS, INC. (GDYN). Click either name above to swap in a different company.
FTAI Infrastructure Inc. is the larger business by last-quarter revenue ($143.5M vs $104.1M, roughly 1.4× GRID DYNAMICS HOLDINGS, INC.). GRID DYNAMICS HOLDINGS, INC. runs the higher net margin — -1.4% vs -68.1%, a 66.7% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs 3.7%). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% CAGR vs 12.0%).
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.
Escape Dynamics, Inc. was a Colorado-based technology company that operated 2010–2015 focused on bringing to market single-stage-to-orbit reusable electromagnetically powered spaceplanes.
FIP vs GDYN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $143.5M | $104.1M |
| Net Profit | $-97.7M | $-1.5M |
| Gross Margin | — | 34.8% |
| Operating Margin | -45.7% | 61.7% |
| Net Margin | -68.1% | -1.4% |
| Revenue YoY | 77.7% | 3.7% |
| Net Profit YoY | 21.6% | -150.6% |
| EPS (diluted) | $-1.04 | $-0.02 |
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 | — | $104.1M | ||
| Q4 25 | $143.5M | $106.2M | ||
| Q3 25 | $140.6M | $104.2M | ||
| Q2 25 | $122.3M | $101.1M | ||
| Q1 25 | $96.2M | $100.4M | ||
| Q4 24 | $80.8M | $100.3M | ||
| Q3 24 | $83.3M | $87.4M | ||
| Q2 24 | $84.9M | $83.0M |
| Q1 26 | — | $-1.5M | ||
| Q4 25 | $-97.7M | $306.0K | ||
| Q3 25 | $-104.5M | $1.2M | ||
| Q2 25 | $-70.0M | $5.3M | ||
| Q1 25 | $120.2M | $2.9M | ||
| Q4 24 | $-124.7M | $4.5M | ||
| Q3 24 | $-43.0M | $4.3M | ||
| Q2 24 | $-48.1M | $-817.0K |
| Q1 26 | — | 34.8% | ||
| Q4 25 | — | 34.0% | ||
| Q3 25 | — | 33.3% | ||
| Q2 25 | — | 34.1% | ||
| Q1 25 | — | 36.8% | ||
| Q4 24 | — | 36.9% | ||
| Q3 24 | — | 37.4% | ||
| Q2 24 | — | 35.6% |
| Q1 26 | — | 61.7% | ||
| Q4 25 | -45.7% | 0.5% | ||
| Q3 25 | -70.8% | -0.2% | ||
| Q2 25 | -56.4% | -0.1% | ||
| Q1 25 | 81.8% | -2.0% | ||
| Q4 24 | -152.7% | 1.3% | ||
| Q3 24 | -51.7% | 2.4% | ||
| Q2 24 | -56.4% | 0.0% |
| Q1 26 | — | -1.4% | ||
| Q4 25 | -68.1% | 0.3% | ||
| Q3 25 | -74.4% | 1.1% | ||
| Q2 25 | -57.2% | 5.2% | ||
| Q1 25 | 125.0% | 2.9% | ||
| Q4 24 | -154.4% | 4.5% | ||
| Q3 24 | -51.6% | 4.9% | ||
| Q2 24 | -56.7% | -1.0% |
| Q1 26 | — | $-0.02 | ||
| Q4 25 | $-1.04 | $0.01 | ||
| Q3 25 | $-1.38 | $0.01 | ||
| Q2 25 | $-0.73 | $0.06 | ||
| Q1 25 | $0.89 | $0.03 | ||
| Q4 24 | $-1.21 | $0.06 | ||
| Q3 24 | $-0.45 | $0.05 | ||
| Q2 24 | $-0.52 | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $57.4M | $327.5M |
| Total DebtLower is stronger | $3.8B | — |
| Stockholders' EquityBook value | $21.3M | $530.1M |
| Total Assets | $5.7B | $605.0M |
| Debt / EquityLower = less leverage | 176.99× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $327.5M | ||
| Q4 25 | $57.4M | $342.1M | ||
| Q3 25 | $34.7M | $338.6M | ||
| Q2 25 | $33.6M | $336.8M | ||
| Q1 25 | $26.3M | $325.5M | ||
| Q4 24 | $27.8M | $334.7M | ||
| Q3 24 | $20.3M | $231.3M | ||
| Q2 24 | $33.1M | $256.0M |
| 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 | — | $530.1M | ||
| Q4 25 | $21.3M | $542.1M | ||
| Q3 25 | $181.1M | $537.7M | ||
| Q2 25 | $375.5M | $532.2M | ||
| Q1 25 | $476.2M | $517.4M | ||
| Q4 24 | $202.7M | $517.8M | ||
| Q3 24 | $370.8M | $400.2M | ||
| Q2 24 | $394.8M | $388.4M |
| Q1 26 | — | $605.0M | ||
| Q4 25 | $5.7B | $612.9M | ||
| Q3 25 | $5.5B | $613.2M | ||
| Q2 25 | $4.4B | $608.9M | ||
| Q1 25 | $4.1B | $590.9M | ||
| Q4 24 | $2.4B | $592.2M | ||
| Q3 24 | $2.4B | $477.3M | ||
| Q2 24 | $2.5B | $443.6M |
| 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 | $-2.8M | $9.9M | ||
| Q3 25 | $-24.4M | $7.0M | ||
| Q2 25 | $-5.2M | $14.4M | ||
| Q1 25 | $-85.7M | $9.4M | ||
| Q4 24 | $-8.1M | $7.1M | ||
| Q3 24 | $14.2M | $9.2M | ||
| Q2 24 | $-17.6M | $10.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-68.6M | $6.1M | ||
| Q3 25 | $-90.7M | $2.9M | ||
| Q2 25 | $-87.5M | $10.2M | ||
| Q1 25 | $-151.7M | $6.0M | ||
| Q4 24 | $-34.3M | $4.4M | ||
| Q3 24 | $-11.7M | $5.9M | ||
| Q2 24 | $-32.1M | $8.0M |
| Q1 26 | — | — | ||
| Q4 25 | -47.8% | 5.7% | ||
| Q3 25 | -64.5% | 2.8% | ||
| Q2 25 | -71.6% | 10.1% | ||
| Q1 25 | -157.7% | 6.0% | ||
| Q4 24 | -42.4% | 4.4% | ||
| Q3 24 | -14.0% | 6.8% | ||
| Q2 24 | -37.9% | 9.7% |
| Q1 26 | — | — | ||
| Q4 25 | 45.9% | 3.6% | ||
| Q3 25 | 47.2% | 3.9% | ||
| Q2 25 | 67.3% | 4.1% | ||
| Q1 25 | 68.6% | 3.3% | ||
| Q4 24 | 32.5% | 2.6% | ||
| Q3 24 | 31.1% | 3.7% | ||
| Q2 24 | 17.2% | 3.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 32.34× | ||
| Q3 25 | — | 5.92× | ||
| Q2 25 | — | 2.73× | ||
| Q1 25 | -0.71× | 3.21× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | — | 2.15× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
GDYN
Segment breakdown not available.
