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Side-by-side financial comparison of FTAI Infrastructure Inc. (FIP) and loanDepot, Inc. (LDI). Click either name above to swap in a different company.
loanDepot, Inc. is the larger business by last-quarter revenue ($310.3M vs $188.4M, roughly 1.6× FTAI Infrastructure Inc.). loanDepot, Inc. runs the higher net margin — -7.2% vs -79.7%, a 72.5% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (95.9% vs 20.5%). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (49.0% CAGR vs 18.0%).
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.
LoanDepot, sometimes stylized as loanDepot, is an Irvine, California-based nonbank holding company which sells mortgage and non-mortgage lending products.
FIP vs LDI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $188.4M | $310.3M |
| Net Profit | $-150.2M | $-22.5M |
| Gross Margin | — | — |
| Operating Margin | — | -10.3% |
| Net Margin | -79.7% | -7.2% |
| Revenue YoY | 95.9% | 20.5% |
| Net Profit YoY | -387.6% | 32.4% |
| EPS (diluted) | $-1.32 | — |
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 | $188.4M | — | ||
| Q4 25 | $143.5M | $310.3M | ||
| Q3 25 | $140.6M | $323.3M | ||
| Q2 25 | $122.3M | $282.5M | ||
| Q1 25 | $96.2M | $273.6M | ||
| Q4 24 | $80.8M | $257.5M | ||
| Q3 24 | $83.3M | $314.6M | ||
| Q2 24 | $84.9M | $265.4M |
| Q1 26 | $-150.2M | — | ||
| Q4 25 | $-97.7M | $-22.5M | ||
| Q3 25 | $-104.5M | $-4.9M | ||
| Q2 25 | $-70.0M | $-13.4M | ||
| Q1 25 | $120.2M | $-21.9M | ||
| Q4 24 | $-124.7M | $-33.2M | ||
| Q3 24 | $-43.0M | $1.4M | ||
| Q2 24 | $-48.1M | $-32.2M |
| Q1 26 | — | — | ||
| Q4 25 | -45.7% | -10.3% | ||
| Q3 25 | -70.8% | -3.2% | ||
| Q2 25 | -56.4% | -11.4% | ||
| Q1 25 | 81.8% | -16.8% | ||
| Q4 24 | -152.7% | -32.7% | ||
| Q3 24 | -51.7% | 1.1% | ||
| Q2 24 | -56.4% | -29.1% |
| Q1 26 | -79.7% | — | ||
| Q4 25 | -68.1% | -7.2% | ||
| Q3 25 | -74.4% | -1.5% | ||
| Q2 25 | -57.2% | -4.7% | ||
| Q1 25 | 125.0% | -8.0% | ||
| Q4 24 | -154.4% | -12.9% | ||
| Q3 24 | -51.6% | 0.4% | ||
| Q2 24 | -56.7% | -12.1% |
| Q1 26 | $-1.32 | — | ||
| Q4 25 | $-1.04 | — | ||
| Q3 25 | $-1.38 | — | ||
| Q2 25 | $-0.73 | — | ||
| Q1 25 | $0.89 | — | ||
| Q4 24 | $-1.21 | — | ||
| Q3 24 | $-0.45 | $0.01 | ||
| Q2 24 | $-0.52 | $-0.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $37.9M | $337.2M |
| Total DebtLower is stronger | — | $2.1B |
| Stockholders' EquityBook value | $-122.5K | $386.0M |
| Total Assets | $5.7B | $6.9B |
| Debt / EquityLower = less leverage | — | 5.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $37.9M | — | ||
| Q4 25 | $57.4M | $337.2M | ||
| Q3 25 | $34.7M | $459.2M | ||
| Q2 25 | $33.6M | $408.6M | ||
| Q1 25 | $26.3M | $371.5M | ||
| Q4 24 | $27.8M | $421.6M | ||
| Q3 24 | $20.3M | $483.0M | ||
| Q2 24 | $33.1M | $533.2M |
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | $2.1B | ||
| Q3 25 | $3.7B | $2.1B | ||
| Q2 25 | $3.1B | $2.1B | ||
| Q1 25 | $2.8B | $2.0B | ||
| Q4 24 | $1.6B | $2.0B | ||
| Q3 24 | $1.5B | $2.0B | ||
| Q2 24 | $1.6B | $2.0B |
| Q1 26 | $-122.5K | — | ||
| Q4 25 | $21.3M | $386.0M | ||
| Q3 25 | $181.1M | $433.3M | ||
| Q2 25 | $375.5M | $439.1M | ||
| Q1 25 | $476.2M | $469.3M | ||
| Q4 24 | $202.7M | $506.6M | ||
| Q3 24 | $370.8M | $592.0M | ||
| Q2 24 | $394.8M | $578.9M |
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.7B | $6.9B | ||
| Q3 25 | $5.5B | $6.2B | ||
| Q2 25 | $4.4B | $6.2B | ||
| Q1 25 | $4.1B | $6.4B | ||
| Q4 24 | $2.4B | $6.3B | ||
| Q3 24 | $2.4B | $6.4B | ||
| Q2 24 | $2.5B | $5.9B |
| Q1 26 | — | — | ||
| Q4 25 | 176.99× | 5.44× | ||
| Q3 25 | 20.59× | 4.83× | ||
| Q2 25 | 8.21× | 4.70× | ||
| Q1 25 | 5.79× | 4.30× | ||
| Q4 24 | 7.84× | 4.00× | ||
| Q3 24 | 4.14× | 3.31× | ||
| Q2 24 | 3.94× | 3.41× |
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 | $-69.4M | $-638.7M |
| Free Cash FlowOCF − Capex | — | $-648.0M |
| FCF MarginFCF / Revenue | — | -208.9% |
| Capex IntensityCapex / Revenue | — | 3.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-734.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-69.4M | — | ||
| Q4 25 | $-2.8M | $-638.7M | ||
| Q3 25 | $-24.4M | $43.4M | ||
| Q2 25 | $-5.2M | $67.6M | ||
| Q1 25 | $-85.7M | $-179.9M | ||
| Q4 24 | $-8.1M | $47.7M | ||
| Q3 24 | $14.2M | $-349.2M | ||
| Q2 24 | $-17.6M | $-278.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-68.6M | $-648.0M | ||
| Q3 25 | $-90.7M | $38.7M | ||
| Q2 25 | $-87.5M | $61.4M | ||
| Q1 25 | $-151.7M | $-186.7M | ||
| Q4 24 | $-34.3M | $40.8M | ||
| Q3 24 | $-11.7M | $-356.4M | ||
| Q2 24 | $-32.1M | $-285.7M |
| Q1 26 | — | — | ||
| Q4 25 | -47.8% | -208.9% | ||
| Q3 25 | -64.5% | 12.0% | ||
| Q2 25 | -71.6% | 21.7% | ||
| Q1 25 | -157.7% | -68.2% | ||
| Q4 24 | -42.4% | 15.8% | ||
| Q3 24 | -14.0% | -113.3% | ||
| Q2 24 | -37.9% | -107.7% |
| Q1 26 | — | — | ||
| Q4 25 | 45.9% | 3.0% | ||
| Q3 25 | 47.2% | 1.5% | ||
| Q2 25 | 67.3% | 2.2% | ||
| Q1 25 | 68.6% | 2.5% | ||
| Q4 24 | 32.5% | 2.7% | ||
| Q3 24 | 31.1% | 2.3% | ||
| Q2 24 | 17.2% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.71× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -255.05× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
