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Side-by-side financial comparison of FTAI Infrastructure Inc. (FIP) and Lovesac Co (LOVE). Click either name above to swap in a different company.
Lovesac Co is the larger business by last-quarter revenue ($150.2M vs $143.5M, roughly 1.0× FTAI Infrastructure Inc.). Lovesac Co runs the higher net margin — -7.0% vs -68.1%, a 61.1% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs 0.2%). Lovesac Co produced more free cash flow last quarter ($-10.2M vs $-68.6M). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% CAGR vs -22.6%).
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.
The Lovesac Company is an American furniture retailer, specializing in a patented modular furniture system called Sactionals. Sactionals consist of two combinable pieces, “Seats” and “Sides,” as well as custom-fit covers and associated accessories. Lovesac also sells Sacs, a bag seat filled with a proprietary foam mixture.
FIP vs LOVE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $143.5M | $150.2M |
| Net Profit | $-97.7M | $-10.6M |
| Gross Margin | — | 56.1% |
| Operating Margin | -45.7% | -10.5% |
| Net Margin | -68.1% | -7.0% |
| Revenue YoY | 77.7% | 0.2% |
| Net Profit YoY | 21.6% | -114.0% |
| EPS (diluted) | $-1.04 | $-0.72 |
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 | $150.2M | ||
| Q3 25 | $140.6M | $160.5M | ||
| Q2 25 | $122.3M | $138.4M | ||
| Q1 25 | $96.2M | $241.5M | ||
| Q4 24 | $80.8M | $149.9M | ||
| Q3 24 | $83.3M | $156.6M | ||
| Q2 24 | $84.9M | $132.6M | ||
| Q1 24 | $82.5M | $250.5M |
| Q4 25 | $-97.7M | $-10.6M | ||
| Q3 25 | $-104.5M | $-6.7M | ||
| Q2 25 | $-70.0M | $-10.8M | ||
| Q1 25 | $120.2M | $35.3M | ||
| Q4 24 | $-124.7M | $-4.9M | ||
| Q3 24 | $-43.0M | $-5.9M | ||
| Q2 24 | $-48.1M | $-13.0M | ||
| Q1 24 | $-50.3M | $31.0M |
| Q4 25 | — | 56.1% | ||
| Q3 25 | — | 56.4% | ||
| Q2 25 | — | 53.7% | ||
| Q1 25 | — | 60.4% | ||
| Q4 24 | — | 58.5% | ||
| Q3 24 | — | 59.0% | ||
| Q2 24 | — | 54.3% | ||
| Q1 24 | — | 59.7% |
| Q4 25 | -45.7% | -10.5% | ||
| Q3 25 | -70.8% | -5.5% | ||
| Q2 25 | -56.4% | -10.8% | ||
| Q1 25 | 81.8% | 19.7% | ||
| Q4 24 | -152.7% | -5.2% | ||
| Q3 24 | -51.7% | -5.3% | ||
| Q2 24 | -56.4% | -13.5% | ||
| Q1 24 | -58.8% | 16.1% |
| Q4 25 | -68.1% | -7.0% | ||
| Q3 25 | -74.4% | -4.1% | ||
| Q2 25 | -57.2% | -7.8% | ||
| Q1 25 | 125.0% | 14.6% | ||
| Q4 24 | -154.4% | -3.3% | ||
| Q3 24 | -51.6% | -3.7% | ||
| Q2 24 | -56.7% | -9.8% | ||
| Q1 24 | -60.9% | 12.4% |
| Q4 25 | $-1.04 | $-0.72 | ||
| Q3 25 | $-1.38 | $-0.45 | ||
| Q2 25 | $-0.73 | $-0.73 | ||
| Q1 25 | $0.89 | $2.22 | ||
| Q4 24 | $-1.21 | $-0.32 | ||
| Q3 24 | $-0.45 | $-0.38 | ||
| Q2 24 | $-0.52 | $-0.83 | ||
| Q1 24 | $-0.54 | $1.91 |
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 | $23.7M |
| Total DebtLower is stronger | $3.8B | — |
| Stockholders' EquityBook value | $21.3M | $189.3M |
| Total Assets | $5.7B | $495.5M |
| Debt / EquityLower = less leverage | 176.99× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $57.4M | $23.7M | ||
| Q3 25 | $34.7M | $34.2M | ||
| Q2 25 | $33.6M | $26.9M | ||
| Q1 25 | $26.3M | $83.7M | ||
| Q4 24 | $27.8M | $61.7M | ||
| Q3 24 | $20.3M | $72.1M | ||
| Q2 24 | $33.1M | $72.4M | ||
| Q1 24 | $23.0M | $87.0M |
| 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 | $189.3M | ||
| Q3 25 | $181.1M | $197.5M | ||
| Q2 25 | $375.5M | $201.2M | ||
| Q1 25 | $476.2M | $216.4M | ||
| Q4 24 | $202.7M | $196.5M | ||
| Q3 24 | $370.8M | $202.1M | ||
| Q2 24 | $394.8M | $205.3M | ||
| Q1 24 | $402.5M | $217.5M |
| Q4 25 | $5.7B | $495.5M | ||
| Q3 25 | $5.5B | $493.7M | ||
| Q2 25 | $4.4B | $483.7M | ||
| Q1 25 | $4.1B | $532.3M | ||
| Q4 24 | $2.4B | $499.7M | ||
| Q3 24 | $2.4B | $481.1M | ||
| Q2 24 | $2.5B | $477.2M | ||
| Q1 24 | $2.3B | $482.2M |
| 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 | $-4.9M |
| Free Cash FlowOCF − Capex | $-68.6M | $-10.2M |
| FCF MarginFCF / Revenue | -47.8% | -6.8% |
| Capex IntensityCapex / Revenue | 45.9% | 3.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-398.5M | $-13.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.8M | $-4.9M | ||
| Q3 25 | $-24.4M | $12.2M | ||
| Q2 25 | $-5.2M | $-41.4M | ||
| Q1 25 | $-85.7M | $44.0M | ||
| Q4 24 | $-8.1M | $-4.2M | ||
| Q3 24 | $14.2M | $6.2M | ||
| Q2 24 | $-17.6M | $-7.0M | ||
| Q1 24 | $-3.9M | $56.3M |
| Q4 25 | $-68.6M | $-10.2M | ||
| Q3 25 | $-90.7M | $7.8M | ||
| Q2 25 | $-87.5M | $-50.0M | ||
| Q1 25 | $-151.7M | $38.7M | ||
| Q4 24 | $-34.3M | $-6.6M | ||
| Q3 24 | $-11.7M | $119.0K | ||
| Q2 24 | $-32.1M | $-14.3M | ||
| Q1 24 | $-16.7M | $49.5M |
| Q4 25 | -47.8% | -6.8% | ||
| Q3 25 | -64.5% | 4.9% | ||
| Q2 25 | -71.6% | -36.1% | ||
| Q1 25 | -157.7% | 16.0% | ||
| Q4 24 | -42.4% | -4.4% | ||
| Q3 24 | -14.0% | 0.1% | ||
| Q2 24 | -37.9% | -10.8% | ||
| Q1 24 | -20.3% | 19.8% |
| Q4 25 | 45.9% | 3.5% | ||
| Q3 25 | 47.2% | 2.7% | ||
| Q2 25 | 67.3% | 6.2% | ||
| Q1 25 | 68.6% | 2.2% | ||
| Q4 24 | 32.5% | 1.6% | ||
| Q3 24 | 31.1% | 3.9% | ||
| Q2 24 | 17.2% | 5.5% | ||
| Q1 24 | 15.6% | 2.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.71× | 1.25× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.82× |
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% |
LOVE
| Showrooms | $102.7M | 68% |
| Internet | $37.3M | 25% |
| Other | $10.2M | 7% |
