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Side-by-side financial comparison of FTAI Infrastructure Inc. (FIP) and InvenTrust Properties Corp. (IVT). Click either name above to swap in a different company.

FTAI Infrastructure Inc. is the larger business by last-quarter revenue ($143.5M vs $77.4M, roughly 1.9× InvenTrust Properties Corp.). InvenTrust Properties Corp. runs the higher net margin — 3.4% vs -68.1%, a 71.5% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs 8.6%). InvenTrust Properties Corp. produced more free cash flow last quarter ($110.9M vs $-68.6M). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% CAGR vs 7.6%).

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.

InvenTrust Properties Corp. is a real estate investment trust that invests in shopping malls. As of December 31, 2024, the company owned interests in 68 properties comprising 11.0 million square feet.

FIP vs IVT — Head-to-Head

Bigger by revenue
FIP
FIP
1.9× larger
FIP
$143.5M
$77.4M
IVT
Growing faster (revenue YoY)
FIP
FIP
+69.1% gap
FIP
77.7%
8.6%
IVT
Higher net margin
IVT
IVT
71.5% more per $
IVT
3.4%
-68.1%
FIP
More free cash flow
IVT
IVT
$179.5M more FCF
IVT
$110.9M
$-68.6M
FIP
Faster 2-yr revenue CAGR
FIP
FIP
Annualised
FIP
31.9%
7.6%
IVT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FIP
FIP
IVT
IVT
Revenue
$143.5M
$77.4M
Net Profit
$-97.7M
$2.7M
Gross Margin
Operating Margin
-45.7%
-11.0%
Net Margin
-68.1%
3.4%
Revenue YoY
77.7%
8.6%
Net Profit YoY
21.6%
-72.8%
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.

Revenue
FIP
FIP
IVT
IVT
Q4 25
$143.5M
$77.4M
Q3 25
$140.6M
$74.5M
Q2 25
$122.3M
$73.6M
Q1 25
$96.2M
$73.8M
Q4 24
$80.8M
$71.2M
Q3 24
$83.3M
$68.5M
Q2 24
$84.9M
$67.4M
Q1 24
$82.5M
$66.8M
Net Profit
FIP
FIP
IVT
IVT
Q4 25
$-97.7M
$2.7M
Q3 25
$-104.5M
$6.0M
Q2 25
$-70.0M
$95.9M
Q1 25
$120.2M
$6.8M
Q4 24
$-124.7M
$9.8M
Q3 24
$-43.0M
$-539.0K
Q2 24
$-48.1M
$1.5M
Q1 24
$-50.3M
$2.9M
Operating Margin
FIP
FIP
IVT
IVT
Q4 25
-45.7%
-11.0%
Q3 25
-70.8%
-9.8%
Q2 25
-56.4%
Q1 25
81.8%
-10.5%
Q4 24
-152.7%
-3.6%
Q3 24
-51.7%
-18.7%
Q2 24
-56.4%
-13.6%
Q1 24
-58.8%
-13.1%
Net Margin
FIP
FIP
IVT
IVT
Q4 25
-68.1%
3.4%
Q3 25
-74.4%
8.1%
Q2 25
-57.2%
130.4%
Q1 25
125.0%
9.2%
Q4 24
-154.4%
13.8%
Q3 24
-51.6%
-0.8%
Q2 24
-56.7%
2.2%
Q1 24
-60.9%
4.3%
EPS (diluted)
FIP
FIP
IVT
IVT
Q4 25
$-1.04
$0.02
Q3 25
$-1.38
$0.08
Q2 25
$-0.73
$1.23
Q1 25
$0.89
$0.09
Q4 24
$-1.21
$0.14
Q3 24
$-0.45
$-0.01
Q2 24
$-0.52
$0.02
Q1 24
$-0.54
$0.04

Balance Sheet & Financial Strength

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

Metric
FIP
FIP
IVT
IVT
Cash + ST InvestmentsLiquidity on hand
$57.4M
Total DebtLower is stronger
$3.8B
$825.9M
Stockholders' EquityBook value
$21.3M
$1.8B
Total Assets
$5.7B
$2.8B
Debt / EquityLower = less leverage
176.99×
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIP
FIP
IVT
IVT
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
IVT
IVT
Q4 25
$3.8B
$825.9M
Q3 25
$3.7B
$764.6M
Q2 25
$3.1B
$746.3M
Q1 25
$2.8B
$740.7M
Q4 24
$1.6B
$740.4M
Q3 24
$1.5B
$740.1M
Q2 24
$1.6B
$812.2M
Q1 24
$1.3B
$827.5M
Stockholders' Equity
FIP
FIP
IVT
IVT
Q4 25
$21.3M
$1.8B
Q3 25
$181.1M
$1.8B
Q2 25
$375.5M
$1.8B
Q1 25
$476.2M
$1.7B
Q4 24
$202.7M
$1.8B
Q3 24
$370.8M
$1.8B
Q2 24
$394.8M
$1.5B
Q1 24
$402.5M
$1.5B
Total Assets
FIP
FIP
IVT
IVT
Q4 25
$5.7B
$2.8B
Q3 25
$5.5B
$2.7B
Q2 25
$4.4B
$2.7B
Q1 25
$4.1B
$2.6B
Q4 24
$2.4B
$2.6B
Q3 24
$2.4B
$2.6B
Q2 24
$2.5B
$2.5B
Q1 24
$2.3B
$2.5B
Debt / Equity
FIP
FIP
IVT
IVT
Q4 25
176.99×
0.46×
Q3 25
20.59×
0.42×
Q2 25
8.21×
0.41×
Q1 25
5.79×
0.42×
Q4 24
7.84×
0.42×
Q3 24
4.14×
0.42×
Q2 24
3.94×
0.53×
Q1 24
3.34×
0.53×

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
IVT
IVT
Operating Cash FlowLast quarter
$-2.8M
$155.4M
Free Cash FlowOCF − Capex
$-68.6M
$110.9M
FCF MarginFCF / Revenue
-47.8%
143.3%
Capex IntensityCapex / Revenue
45.9%
57.5%
Cash ConversionOCF / Net Profit
58.41×
TTM Free Cash FlowTrailing 4 quarters
$-398.5M
$193.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIP
FIP
IVT
IVT
Q4 25
$-2.8M
$155.4M
Q3 25
$-24.4M
$43.8M
Q2 25
$-5.2M
$48.7M
Q1 25
$-85.7M
$20.2M
Q4 24
$-8.1M
$136.9M
Q3 24
$14.2M
$38.4M
Q2 24
$-17.6M
$46.7M
Q1 24
$-3.9M
$14.8M
Free Cash Flow
FIP
FIP
IVT
IVT
Q4 25
$-68.6M
$110.9M
Q3 25
$-90.7M
$31.4M
Q2 25
$-87.5M
$38.0M
Q1 25
$-151.7M
$12.8M
Q4 24
$-34.3M
$100.8M
Q3 24
$-11.7M
$29.3M
Q2 24
$-32.1M
$37.2M
Q1 24
$-16.7M
$7.7M
FCF Margin
FIP
FIP
IVT
IVT
Q4 25
-47.8%
143.3%
Q3 25
-64.5%
42.2%
Q2 25
-71.6%
51.6%
Q1 25
-157.7%
17.4%
Q4 24
-42.4%
141.5%
Q3 24
-14.0%
42.8%
Q2 24
-37.9%
55.2%
Q1 24
-20.3%
11.5%
Capex Intensity
FIP
FIP
IVT
IVT
Q4 25
45.9%
57.5%
Q3 25
47.2%
16.7%
Q2 25
67.3%
14.6%
Q1 25
68.6%
10.0%
Q4 24
32.5%
50.7%
Q3 24
31.1%
13.3%
Q2 24
17.2%
14.0%
Q1 24
15.6%
10.6%
Cash Conversion
FIP
FIP
IVT
IVT
Q4 25
58.41×
Q3 25
7.27×
Q2 25
0.51×
Q1 25
-0.71×
2.97×
Q4 24
13.97×
Q3 24
Q2 24
31.15×
Q1 24
5.10×

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%

IVT
IVT

Segment breakdown not available.

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