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Side-by-side financial comparison of FTAI Infrastructure Inc. (FIP) and KILROY REALTY CORP (KRC). Click either name above to swap in a different company.
KILROY REALTY CORP is the larger business by last-quarter revenue ($272.2M vs $143.5M, roughly 1.9× FTAI Infrastructure Inc.). KILROY REALTY CORP runs the higher net margin — 6.3% vs -68.1%, a 74.4% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs -5.0%). KILROY REALTY CORP produced more free cash flow last quarter ($450.3M vs $-68.6M). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% CAGR vs -1.2%).
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.
Kilroy Realty Corp is a leading U.S. real estate investment trust that develops, owns, and operates premium office, life science, and mixed-use properties primarily across high-growth West Coast markets including Los Angeles, San Francisco, Seattle, and San Diego. It serves tenants across the technology, life sciences, media, and creative sectors, with a core focus on delivering sustainable, future-ready workspaces tailored to modern business needs.
FIP vs KRC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $143.5M | $272.2M |
| Net Profit | $-97.7M | $17.1M |
| Gross Margin | — | — |
| Operating Margin | -45.7% | — |
| Net Margin | -68.1% | 6.3% |
| Revenue YoY | 77.7% | -5.0% |
| Net Profit YoY | 21.6% | -73.7% |
| EPS (diluted) | $-1.04 | $0.11 |
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 | $272.2M | ||
| Q3 25 | $140.6M | $279.7M | ||
| Q2 25 | $122.3M | $289.9M | ||
| Q1 25 | $96.2M | $270.8M | ||
| Q4 24 | $80.8M | $286.4M | ||
| Q3 24 | $83.3M | $289.9M | ||
| Q2 24 | $84.9M | $280.7M | ||
| Q1 24 | $82.5M | $278.6M |
| Q4 25 | $-97.7M | $17.1M | ||
| Q3 25 | $-104.5M | $162.3M | ||
| Q2 25 | $-70.0M | $79.6M | ||
| Q1 25 | $120.2M | $43.7M | ||
| Q4 24 | $-124.7M | $65.0M | ||
| Q3 24 | $-43.0M | $57.7M | ||
| Q2 24 | $-48.1M | $54.5M | ||
| Q1 24 | $-50.3M | $55.7M |
| Q4 25 | -45.7% | — | ||
| Q3 25 | -70.8% | — | ||
| Q2 25 | -56.4% | — | ||
| Q1 25 | 81.8% | — | ||
| Q4 24 | -152.7% | — | ||
| Q3 24 | -51.7% | — | ||
| Q2 24 | -56.4% | — | ||
| Q1 24 | -58.8% | — |
| Q4 25 | -68.1% | 6.3% | ||
| Q3 25 | -74.4% | 58.0% | ||
| Q2 25 | -57.2% | 27.4% | ||
| Q1 25 | 125.0% | 16.1% | ||
| Q4 24 | -154.4% | 22.7% | ||
| Q3 24 | -51.6% | 19.9% | ||
| Q2 24 | -56.7% | 19.4% | ||
| Q1 24 | -60.9% | 20.0% |
| Q4 25 | $-1.04 | $0.11 | ||
| Q3 25 | $-1.38 | $1.31 | ||
| Q2 25 | $-0.73 | $0.57 | ||
| Q1 25 | $0.89 | $0.33 | ||
| Q4 24 | $-1.21 | $0.50 | ||
| Q3 24 | $-0.45 | $0.44 | ||
| Q2 24 | $-0.52 | $0.41 | ||
| Q1 24 | $-0.54 | $0.42 |
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 | $179.3M |
| Total DebtLower is stronger | $3.8B | — |
| Stockholders' EquityBook value | $21.3M | $5.4B |
| Total Assets | $5.7B | $10.9B |
| Debt / EquityLower = less leverage | 176.99× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $57.4M | $179.3M | ||
| Q3 25 | $34.7M | $372.4M | ||
| Q2 25 | $33.6M | $193.1M | ||
| Q1 25 | $26.3M | $146.7M | ||
| Q4 24 | $27.8M | $165.7M | ||
| Q3 24 | $20.3M | $625.4M | ||
| Q2 24 | $33.1M | $835.9M | ||
| Q1 24 | $23.0M | $855.0M |
| 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 | $21.3M | $5.4B | ||
| Q3 25 | $181.1M | $5.5B | ||
| Q2 25 | $375.5M | $5.4B | ||
| Q1 25 | $476.2M | $5.4B | ||
| Q4 24 | $202.7M | $5.4B | ||
| Q3 24 | $370.8M | $5.4B | ||
| Q2 24 | $394.8M | $5.4B | ||
| Q1 24 | $402.5M | $5.4B |
| Q4 25 | $5.7B | $10.9B | ||
| Q3 25 | $5.5B | $11.0B | ||
| Q2 25 | $4.4B | $10.9B | ||
| Q1 25 | $4.1B | $10.9B | ||
| Q4 24 | $2.4B | $10.9B | ||
| Q3 24 | $2.4B | $11.4B | ||
| Q2 24 | $2.5B | $11.5B | ||
| Q1 24 | $2.3B | $11.6B |
| 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 | $-2.8M | $566.3M |
| Free Cash FlowOCF − Capex | $-68.6M | $450.3M |
| FCF MarginFCF / Revenue | -47.8% | 165.4% |
| Capex IntensityCapex / Revenue | 45.9% | 42.6% |
| Cash ConversionOCF / Net Profit | — | 33.10× |
| TTM Free Cash FlowTrailing 4 quarters | $-398.5M | $833.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.8M | $566.3M | ||
| Q3 25 | $-24.4M | $176.6M | ||
| Q2 25 | $-5.2M | $143.7M | ||
| Q1 25 | $-85.7M | $136.9M | ||
| Q4 24 | $-8.1M | $541.1M | ||
| Q3 24 | $14.2M | $176.3M | ||
| Q2 24 | $-17.6M | $88.7M | ||
| Q1 24 | $-3.9M | $167.9M |
| Q4 25 | $-68.6M | $450.3M | ||
| Q3 25 | $-90.7M | $148.7M | ||
| Q2 25 | $-87.5M | $118.4M | ||
| Q1 25 | $-151.7M | $115.6M | ||
| Q4 24 | $-34.3M | $440.8M | ||
| Q3 24 | $-11.7M | $147.2M | ||
| Q2 24 | $-32.1M | $69.5M | ||
| Q1 24 | $-16.7M | $151.9M |
| Q4 25 | -47.8% | 165.4% | ||
| Q3 25 | -64.5% | 53.1% | ||
| Q2 25 | -71.6% | 40.9% | ||
| Q1 25 | -157.7% | 42.7% | ||
| Q4 24 | -42.4% | 153.9% | ||
| Q3 24 | -14.0% | 50.8% | ||
| Q2 24 | -37.9% | 24.7% | ||
| Q1 24 | -20.3% | 54.5% |
| Q4 25 | 45.9% | 42.6% | ||
| Q3 25 | 47.2% | 10.0% | ||
| Q2 25 | 67.3% | 8.7% | ||
| Q1 25 | 68.6% | 7.9% | ||
| Q4 24 | 32.5% | 35.0% | ||
| Q3 24 | 31.1% | 10.1% | ||
| Q2 24 | 17.2% | 6.8% | ||
| Q1 24 | 15.6% | 5.7% |
| Q4 25 | — | 33.10× | ||
| Q3 25 | — | 1.09× | ||
| Q2 25 | — | 1.81× | ||
| Q1 25 | -0.71× | 3.13× | ||
| Q4 24 | — | 8.32× | ||
| Q3 24 | — | 3.06× | ||
| Q2 24 | — | 1.63× | ||
| Q1 24 | — | 3.01× |
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% |
KRC
Segment breakdown not available.
