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Side-by-side financial comparison of FTAI Infrastructure Inc. (FIP) and N-able, Inc. (NABL). Click either name above to swap in a different company.
FTAI Infrastructure Inc. is the larger business by last-quarter revenue ($143.5M vs $130.3M, roughly 1.1× N-able, Inc.). On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs 11.8%). N-able, Inc. produced more free cash flow last quarter ($20.9M vs $-68.6M). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% CAGR vs 7.0%).
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.
Able UK is a British industrial services company specialising in decommissioning of ships and offshore installations.
FIP vs NABL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $143.5M | $130.3M |
| Net Profit | $-97.7M | — |
| Gross Margin | — | 76.2% |
| Operating Margin | -45.7% | 10.2% |
| Net Margin | -68.1% | — |
| Revenue YoY | 77.7% | 11.8% |
| Net Profit YoY | 21.6% | — |
| EPS (diluted) | $-1.04 | $-0.04 |
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 | $130.3M | ||
| Q3 25 | $140.6M | $131.7M | ||
| Q2 25 | $122.3M | $131.2M | ||
| Q1 25 | $96.2M | $118.2M | ||
| Q4 24 | $80.8M | $116.5M | ||
| Q3 24 | $83.3M | $116.4M | ||
| Q2 24 | $84.9M | $119.4M | ||
| Q1 24 | $82.5M | $113.7M |
| Q4 25 | $-97.7M | — | ||
| Q3 25 | $-104.5M | $1.4M | ||
| Q2 25 | $-70.0M | $-4.0M | ||
| Q1 25 | $120.2M | $-7.2M | ||
| Q4 24 | $-124.7M | — | ||
| Q3 24 | $-43.0M | $10.8M | ||
| Q2 24 | $-48.1M | $9.5M | ||
| Q1 24 | $-50.3M | $7.5M |
| Q4 25 | — | 76.2% | ||
| Q3 25 | — | 77.5% | ||
| Q2 25 | — | 78.1% | ||
| Q1 25 | — | 76.6% | ||
| Q4 24 | — | 80.0% | ||
| Q3 24 | — | 82.9% | ||
| Q2 24 | — | 84.0% | ||
| Q1 24 | — | 83.9% |
| Q4 25 | -45.7% | 10.2% | ||
| Q3 25 | -70.8% | 8.8% | ||
| Q2 25 | -56.4% | 7.7% | ||
| Q1 25 | 81.8% | 1.5% | ||
| Q4 24 | -152.7% | 13.7% | ||
| Q3 24 | -51.7% | 20.5% | ||
| Q2 24 | -56.4% | 18.4% | ||
| Q1 24 | -58.8% | 18.0% |
| Q4 25 | -68.1% | — | ||
| Q3 25 | -74.4% | 1.1% | ||
| Q2 25 | -57.2% | -3.1% | ||
| Q1 25 | 125.0% | -6.1% | ||
| Q4 24 | -154.4% | — | ||
| Q3 24 | -51.6% | 9.2% | ||
| Q2 24 | -56.7% | 7.9% | ||
| Q1 24 | -60.9% | 6.6% |
| Q4 25 | $-1.04 | $-0.04 | ||
| Q3 25 | $-1.38 | $0.01 | ||
| Q2 25 | $-0.73 | $-0.02 | ||
| Q1 25 | $0.89 | $-0.04 | ||
| Q4 24 | $-1.21 | $0.01 | ||
| Q3 24 | $-0.45 | $0.06 | ||
| Q2 24 | $-0.52 | $0.05 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $57.4M | $111.8M |
| Total DebtLower is stronger | $3.8B | $393.9M |
| Stockholders' EquityBook value | $21.3M | $804.7M |
| Total Assets | $5.7B | $1.4B |
| Debt / EquityLower = less leverage | 176.99× | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $57.4M | $111.8M | ||
| Q3 25 | $34.7M | $101.4M | ||
| Q2 25 | $33.6M | $93.9M | ||
| Q1 25 | $26.3M | $94.1M | ||
| Q4 24 | $27.8M | $85.2M | ||
| Q3 24 | $20.3M | $174.4M | ||
| Q2 24 | $33.1M | $157.5M | ||
| Q1 24 | $23.0M | $139.2M |
| Q4 25 | $3.8B | $393.9M | ||
| Q3 25 | $3.7B | $331.7M | ||
| Q2 25 | $3.1B | $332.1M | ||
| Q1 25 | $2.8B | $332.6M | ||
| Q4 24 | $1.6B | $333.1M | ||
| Q3 24 | $1.5B | $333.6M | ||
| Q2 24 | $1.6B | $334.1M | ||
| Q1 24 | $1.3B | $334.5M |
| Q4 25 | $21.3M | $804.7M | ||
| Q3 25 | $181.1M | $813.4M | ||
| Q2 25 | $375.5M | $809.4M | ||
| Q1 25 | $476.2M | $775.1M | ||
| Q4 24 | $202.7M | $759.3M | ||
| Q3 24 | $370.8M | $765.0M | ||
| Q2 24 | $394.8M | $724.4M | ||
| Q1 24 | $402.5M | $709.1M |
| Q4 25 | $5.7B | $1.4B | ||
| Q3 25 | $5.5B | $1.4B | ||
| Q2 25 | $4.4B | $1.4B | ||
| Q1 25 | $4.1B | $1.4B | ||
| Q4 24 | $2.4B | $1.3B | ||
| Q3 24 | $2.4B | $1.2B | ||
| Q2 24 | $2.5B | $1.2B | ||
| Q1 24 | $2.3B | $1.1B |
| Q4 25 | 176.99× | 0.49× | ||
| Q3 25 | 20.59× | 0.41× | ||
| Q2 25 | 8.21× | 0.41× | ||
| Q1 25 | 5.79× | 0.43× | ||
| Q4 24 | 7.84× | 0.44× | ||
| Q3 24 | 4.14× | 0.44× | ||
| Q2 24 | 3.94× | 0.46× | ||
| Q1 24 | 3.34× | 0.47× |
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 | $25.3M |
| Free Cash FlowOCF − Capex | $-68.6M | $20.9M |
| FCF MarginFCF / Revenue | -47.8% | 16.0% |
| Capex IntensityCapex / Revenue | 45.9% | 3.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-398.5M | $75.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.8M | $25.3M | ||
| Q3 25 | $-24.4M | $24.0M | ||
| Q2 25 | $-5.2M | $24.2M | ||
| Q1 25 | $-85.7M | $19.7M | ||
| Q4 24 | $-8.1M | $26.0M | ||
| Q3 24 | $14.2M | $22.0M | ||
| Q2 24 | $-17.6M | $27.3M | ||
| Q1 24 | $-3.9M | $4.2M |
| Q4 25 | $-68.6M | $20.9M | ||
| Q3 25 | $-90.7M | $17.4M | ||
| Q2 25 | $-87.5M | $20.4M | ||
| Q1 25 | $-151.7M | $16.4M | ||
| Q4 24 | $-34.3M | $18.8M | ||
| Q3 24 | $-11.7M | $18.2M | ||
| Q2 24 | $-32.1M | $24.0M | ||
| Q1 24 | $-16.7M | $746.0K |
| Q4 25 | -47.8% | 16.0% | ||
| Q3 25 | -64.5% | 13.2% | ||
| Q2 25 | -71.6% | 15.5% | ||
| Q1 25 | -157.7% | 13.9% | ||
| Q4 24 | -42.4% | 16.2% | ||
| Q3 24 | -14.0% | 15.7% | ||
| Q2 24 | -37.9% | 20.1% | ||
| Q1 24 | -20.3% | 0.7% |
| Q4 25 | 45.9% | 3.4% | ||
| Q3 25 | 47.2% | 5.0% | ||
| Q2 25 | 67.3% | 2.9% | ||
| Q1 25 | 68.6% | 2.8% | ||
| Q4 24 | 32.5% | 6.1% | ||
| Q3 24 | 31.1% | 3.2% | ||
| Q2 24 | 17.2% | 2.7% | ||
| Q1 24 | 15.6% | 3.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 17.36× | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.71× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.04× | ||
| Q2 24 | — | 2.89× | ||
| Q1 24 | — | 0.56× |
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% |
NABL
| Transferred Over Time | $121.9M | 94% |
| Transferred At Point In Time | $8.4M | 6% |
| Other Revenue | $1.3M | 1% |
