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Side-by-side financial comparison of FTAI Infrastructure Inc. (FIP) and Grindr Inc. (GRND). Click either name above to swap in a different company.
FTAI Infrastructure Inc. is the larger business by last-quarter revenue ($143.5M vs $126.0M, roughly 1.1× Grindr Inc.). Grindr Inc. runs the higher net margin — 16.1% vs -68.1%, a 84.2% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs 29.0%). Grindr Inc. produced more free cash flow last quarter ($24.5M vs $-68.6M). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% CAGR vs 29.3%).
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.
Grindr is a location-based social networking and online hookup application for LGBTQ people.
FIP vs GRND — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $143.5M | $126.0M |
| Net Profit | $-97.7M | $20.3M |
| Gross Margin | — | — |
| Operating Margin | -45.7% | 24.9% |
| Net Margin | -68.1% | 16.1% |
| Revenue YoY | 77.7% | 29.0% |
| Net Profit YoY | 21.6% | 116.4% |
| EPS (diluted) | $-1.04 | $0.10 |
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 | $143.5M | $126.0M | ||
| Q3 25 | $140.6M | $115.8M | ||
| Q2 25 | $122.3M | $104.2M | ||
| Q1 25 | $96.2M | $93.9M | ||
| Q4 24 | $80.8M | $97.6M | ||
| Q3 24 | $83.3M | $89.3M | ||
| Q2 24 | $84.9M | $82.3M | ||
| Q1 24 | $82.5M | $75.3M |
| Q4 25 | $-97.7M | $20.3M | ||
| Q3 25 | $-104.5M | $30.8M | ||
| Q2 25 | $-70.0M | $16.6M | ||
| Q1 25 | $120.2M | $27.0M | ||
| Q4 24 | $-124.7M | $-123.9M | ||
| Q3 24 | $-43.0M | $24.7M | ||
| Q2 24 | $-48.1M | $-22.4M | ||
| Q1 24 | $-50.3M | $-9.4M |
| Q4 25 | -45.7% | 24.9% | ||
| Q3 25 | -70.8% | 39.1% | ||
| Q2 25 | -56.4% | 23.4% | ||
| Q1 25 | 81.8% | 27.0% | ||
| Q4 24 | -152.7% | 20.9% | ||
| Q3 24 | -51.7% | 31.8% | ||
| Q2 24 | -56.4% | 29.8% | ||
| Q1 24 | -58.8% | 25.6% |
| Q4 25 | -68.1% | 16.1% | ||
| Q3 25 | -74.4% | 26.6% | ||
| Q2 25 | -57.2% | 16.0% | ||
| Q1 25 | 125.0% | 28.8% | ||
| Q4 24 | -154.4% | -126.9% | ||
| Q3 24 | -51.6% | 27.6% | ||
| Q2 24 | -56.7% | -27.2% | ||
| Q1 24 | -60.9% | -12.5% |
| Q4 25 | $-1.04 | $0.10 | ||
| Q3 25 | $-1.38 | $0.16 | ||
| Q2 25 | $-0.73 | $0.08 | ||
| Q1 25 | $0.89 | $0.09 | ||
| Q4 24 | $-1.21 | $-0.65 | ||
| Q3 24 | $-0.45 | $0.09 | ||
| Q2 24 | $-0.52 | $-0.13 | ||
| Q1 24 | $-0.54 | $-0.05 |
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 | $87.0M |
| Total DebtLower is stronger | $3.8B | $395.9M |
| Stockholders' EquityBook value | $21.3M | $47.0M |
| Total Assets | $5.7B | $531.0M |
| Debt / EquityLower = less leverage | 176.99× | 8.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $57.4M | $87.0M | ||
| Q3 25 | $34.7M | $6.3M | ||
| Q2 25 | $33.6M | $120.8M | ||
| Q1 25 | $26.3M | $255.9M | ||
| Q4 24 | $27.8M | $59.2M | ||
| Q3 24 | $20.3M | $39.1M | ||
| Q2 24 | $33.1M | $16.3M | ||
| Q1 24 | $23.0M | $21.5M |
| Q4 25 | $3.8B | $395.9M | ||
| Q3 25 | $3.7B | $279.9M | ||
| Q2 25 | $3.1B | $283.5M | ||
| Q1 25 | $2.8B | $287.0M | ||
| Q4 24 | $1.6B | $290.6M | ||
| Q3 24 | $1.5B | $294.1M | ||
| Q2 24 | $1.6B | $297.7M | ||
| Q1 24 | $1.3B | $315.0M |
| Q4 25 | $21.3M | $47.0M | ||
| Q3 25 | $181.1M | $71.0M | ||
| Q2 25 | $375.5M | $187.7M | ||
| Q1 25 | $476.2M | $319.8M | ||
| Q4 24 | $202.7M | $-131.6M | ||
| Q3 24 | $370.8M | $-13.4M | ||
| Q2 24 | $394.8M | $-41.7M | ||
| Q1 24 | $402.5M | $-22.0M |
| Q4 25 | $5.7B | $531.0M | ||
| Q3 25 | $5.5B | $439.2M | ||
| Q2 25 | $4.4B | $547.6M | ||
| Q1 25 | $4.1B | $679.4M | ||
| Q4 24 | $2.4B | $479.1M | ||
| Q3 24 | $2.4B | $456.3M | ||
| Q2 24 | $2.5B | $435.0M | ||
| Q1 24 | $2.3B | $437.7M |
| Q4 25 | 176.99× | 8.42× | ||
| Q3 25 | 20.59× | 3.94× | ||
| Q2 25 | 8.21× | 1.51× | ||
| Q1 25 | 5.79× | 0.90× | ||
| 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 | $-2.8M | $24.8M |
| Free Cash FlowOCF − Capex | $-68.6M | $24.5M |
| FCF MarginFCF / Revenue | -47.8% | 19.5% |
| Capex IntensityCapex / Revenue | 45.9% | 0.2% |
| Cash ConversionOCF / Net Profit | — | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-398.5M | $140.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.8M | $24.8M | ||
| Q3 25 | $-24.4M | $55.4M | ||
| Q2 25 | $-5.2M | $37.5M | ||
| Q1 25 | $-85.7M | $23.8M | ||
| Q4 24 | $-8.1M | $29.5M | ||
| Q3 24 | $14.2M | $29.1M | ||
| Q2 24 | $-17.6M | $15.8M | ||
| Q1 24 | $-3.9M | $20.4M |
| Q4 25 | $-68.6M | $24.5M | ||
| Q3 25 | $-90.7M | $55.2M | ||
| Q2 25 | $-87.5M | $37.3M | ||
| Q1 25 | $-151.7M | $23.7M | ||
| Q4 24 | $-34.3M | $29.3M | ||
| Q3 24 | $-11.7M | $28.8M | ||
| Q2 24 | $-32.1M | $15.7M | ||
| Q1 24 | $-16.7M | $20.3M |
| Q4 25 | -47.8% | 19.5% | ||
| Q3 25 | -64.5% | 47.7% | ||
| Q2 25 | -71.6% | 35.8% | ||
| Q1 25 | -157.7% | 25.2% | ||
| Q4 24 | -42.4% | 30.0% | ||
| Q3 24 | -14.0% | 32.2% | ||
| Q2 24 | -37.9% | 19.0% | ||
| Q1 24 | -20.3% | 26.9% |
| Q4 25 | 45.9% | 0.2% | ||
| Q3 25 | 47.2% | 0.2% | ||
| Q2 25 | 67.3% | 0.2% | ||
| Q1 25 | 68.6% | 0.1% | ||
| Q4 24 | 32.5% | 0.3% | ||
| Q3 24 | 31.1% | 0.4% | ||
| Q2 24 | 17.2% | 0.2% | ||
| Q1 24 | 15.6% | 0.3% |
| Q4 25 | — | 1.22× | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | -0.71× | 0.88× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.18× | ||
| Q2 24 | — | — | ||
| Q1 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% |
GRND
| License And Service | $102.9M | 82% |
| Advertising | $23.1M | 18% |
