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Side-by-side financial comparison of FTAI Infrastructure Inc. (FIP) and Orla Mining Ltd. (ORLA). Click either name above to swap in a different company.

Orla Mining Ltd. is the larger business by last-quarter revenue ($251.2M vs $143.5M, roughly 1.8× FTAI Infrastructure Inc.).

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.

Orla Mining Ltd. is a Canada-based mineral exploration and development firm focused on high-grade gold and precious metal assets in North and Central America, with core projects in Mexico and Nevada, U.S. It follows sustainable responsible mining practices, collaborates with local communities, and delivers long-term value to stakeholders.

FIP vs ORLA — Head-to-Head

Bigger by revenue
ORLA
ORLA
1.8× larger
ORLA
$251.2M
$143.5M
FIP

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FIP
FIP
ORLA
ORLA
Revenue
$143.5M
$251.2M
Net Profit
$-97.7M
Gross Margin
Operating Margin
-45.7%
Net Margin
-68.1%
Revenue YoY
77.7%
Net Profit YoY
21.6%
EPS (diluted)
$-1.04

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.

Revenue
FIP
FIP
ORLA
ORLA
Q4 25
$143.5M
Q3 25
$140.6M
$251.2M
Q2 25
$122.3M
$151.8M
Q1 25
$96.2M
Q4 24
$80.8M
Q3 24
$83.3M
$584.4M
Q2 24
$84.9M
$110.4M
Q1 24
$82.5M
Net Profit
FIP
FIP
ORLA
ORLA
Q4 25
$-97.7M
Q3 25
$-104.5M
Q2 25
$-70.0M
Q1 25
$120.2M
Q4 24
$-124.7M
Q3 24
$-43.0M
$-368.9M
Q2 24
$-48.1M
Q1 24
$-50.3M
Operating Margin
FIP
FIP
ORLA
ORLA
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%
Net Margin
FIP
FIP
ORLA
ORLA
Q4 25
-68.1%
Q3 25
-74.4%
Q2 25
-57.2%
Q1 25
125.0%
Q4 24
-154.4%
Q3 24
-51.6%
-63.1%
Q2 24
-56.7%
Q1 24
-60.9%
EPS (diluted)
FIP
FIP
ORLA
ORLA
Q4 25
$-1.04
Q3 25
$-1.38
Q2 25
$-0.73
Q1 25
$0.89
Q4 24
$-1.21
Q3 24
$-0.45
Q2 24
$-0.52
Q1 24
$-0.54

Balance Sheet & Financial Strength

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

Metric
FIP
FIP
ORLA
ORLA
Cash + ST InvestmentsLiquidity on hand
$57.4M
Total DebtLower is stronger
$3.8B
Stockholders' EquityBook value
$21.3M
$507.4M
Total Assets
$5.7B
$598.3M
Debt / EquityLower = less leverage
176.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIP
FIP
ORLA
ORLA
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
$96.6M
Q1 24
$23.0M
Total Debt
FIP
FIP
ORLA
ORLA
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
Stockholders' Equity
FIP
FIP
ORLA
ORLA
Q4 25
$21.3M
Q3 25
$181.1M
$507.4M
Q2 25
$375.5M
$507.4M
Q1 25
$476.2M
Q4 24
$202.7M
Q3 24
$370.8M
$968.6M
Q2 24
$394.8M
$400.5M
Q1 24
$402.5M
Total Assets
FIP
FIP
ORLA
ORLA
Q4 25
$5.7B
Q3 25
$5.5B
$598.3M
Q2 25
$4.4B
$598.3M
Q1 25
$4.1B
Q4 24
$2.4B
Q3 24
$2.4B
$1.3B
Q2 24
$2.5B
$535.8M
Q1 24
$2.3B
Debt / Equity
FIP
FIP
ORLA
ORLA
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
FIP
FIP
ORLA
ORLA
Operating Cash FlowLast quarter
$-2.8M
$126.9M
Free Cash FlowOCF − Capex
$-68.6M
FCF MarginFCF / Revenue
-47.8%
Capex IntensityCapex / Revenue
45.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-398.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIP
FIP
ORLA
ORLA
Q4 25
$-2.8M
Q3 25
$-24.4M
$126.9M
Q2 25
$-5.2M
$74.9M
Q1 25
$-85.7M
Q4 24
$-8.1M
Q3 24
$14.2M
$92.4M
Q2 24
$-17.6M
$22.4M
Q1 24
$-3.9M
Free Cash Flow
FIP
FIP
ORLA
ORLA
Q4 25
$-68.6M
Q3 25
$-90.7M
Q2 25
$-87.5M
Q1 25
$-151.7M
Q4 24
$-34.3M
Q3 24
$-11.7M
Q2 24
$-32.1M
Q1 24
$-16.7M
FCF Margin
FIP
FIP
ORLA
ORLA
Q4 25
-47.8%
Q3 25
-64.5%
Q2 25
-71.6%
Q1 25
-157.7%
Q4 24
-42.4%
Q3 24
-14.0%
Q2 24
-37.9%
Q1 24
-20.3%
Capex Intensity
FIP
FIP
ORLA
ORLA
Q4 25
45.9%
Q3 25
47.2%
Q2 25
67.3%
Q1 25
68.6%
Q4 24
32.5%
Q3 24
31.1%
Q2 24
17.2%
Q1 24
15.6%
Cash Conversion
FIP
FIP
ORLA
ORLA
Q4 25
Q3 25
Q2 25
Q1 25
-0.71×
Q4 24
Q3 24
Q2 24
Q1 24

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%

ORLA
ORLA

Segment breakdown not available.

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