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Side-by-side financial comparison of FTAI Infrastructure Inc. (FIP) and PagerDuty, Inc. (PD). Click either name above to swap in a different company.
FTAI Infrastructure Inc. is the larger business by last-quarter revenue ($143.5M vs $124.5M, roughly 1.2× PagerDuty, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs -68.1%, a 197.8% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs 4.7%). PagerDuty, Inc. produced more free cash flow last quarter ($24.1M vs $-68.6M). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% CAGR vs 5.9%).
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.
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
FIP vs PD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $143.5M | $124.5M |
| Net Profit | $-97.7M | $161.6M |
| Gross Margin | — | 85.3% |
| Operating Margin | -45.7% | 6.5% |
| Net Margin | -68.1% | 129.7% |
| Revenue YoY | 77.7% | 4.7% |
| Net Profit YoY | 21.6% | 2827.7% |
| EPS (diluted) | $-1.04 | $1.69 |
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 | $124.5M | ||
| Q3 25 | $140.6M | $123.4M | ||
| Q2 25 | $122.3M | $119.8M | ||
| Q1 25 | $96.2M | $121.4M | ||
| Q4 24 | $80.8M | $118.9M | ||
| Q3 24 | $83.3M | $115.9M | ||
| Q2 24 | $84.9M | $111.2M | ||
| Q1 24 | $82.5M | $111.1M |
| Q4 25 | $-97.7M | $161.6M | ||
| Q3 25 | $-104.5M | $9.6M | ||
| Q2 25 | $-70.0M | $-7.2M | ||
| Q1 25 | $120.2M | $-8.8M | ||
| Q4 24 | $-124.7M | $-5.9M | ||
| Q3 24 | $-43.0M | $-10.9M | ||
| Q2 24 | $-48.1M | $-17.1M | ||
| Q1 24 | $-50.3M | $-28.2M |
| Q4 25 | — | 85.3% | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | 84.0% | ||
| Q1 25 | — | 83.6% | ||
| Q4 24 | — | 83.0% | ||
| Q3 24 | — | 82.7% | ||
| Q2 24 | — | 82.6% | ||
| Q1 24 | — | 81.7% |
| Q4 25 | -45.7% | 6.5% | ||
| Q3 25 | -70.8% | 2.9% | ||
| Q2 25 | -56.4% | -8.6% | ||
| Q1 25 | 81.8% | -9.6% | ||
| Q4 24 | -152.7% | -8.7% | ||
| Q3 24 | -51.7% | -13.8% | ||
| Q2 24 | -56.4% | -19.5% | ||
| Q1 24 | -58.8% | -30.1% |
| Q4 25 | -68.1% | 129.7% | ||
| Q3 25 | -74.4% | 7.8% | ||
| Q2 25 | -57.2% | -6.0% | ||
| Q1 25 | 125.0% | -7.2% | ||
| Q4 24 | -154.4% | -5.0% | ||
| Q3 24 | -51.6% | -9.4% | ||
| Q2 24 | -56.7% | -15.4% | ||
| Q1 24 | -60.9% | -25.3% |
| Q4 25 | $-1.04 | $1.69 | ||
| Q3 25 | $-1.38 | $0.10 | ||
| Q2 25 | $-0.73 | $-0.07 | ||
| Q1 25 | $0.89 | $-0.12 | ||
| Q4 24 | $-1.21 | $-0.07 | ||
| Q3 24 | $-0.45 | $-0.14 | ||
| Q2 24 | $-0.52 | $-0.26 | ||
| Q1 24 | $-0.54 | $-0.34 |
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 | $547.8M |
| Total DebtLower is stronger | $3.8B | — |
| Stockholders' EquityBook value | $21.3M | $320.5M |
| Total Assets | $5.7B | $1.0B |
| Debt / EquityLower = less leverage | 176.99× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $57.4M | $547.8M | ||
| Q3 25 | $34.7M | $567.9M | ||
| Q2 25 | $33.6M | $597.1M | ||
| Q1 25 | $26.3M | $570.8M | ||
| Q4 24 | $27.8M | $542.2M | ||
| Q3 24 | $20.3M | $599.3M | ||
| Q2 24 | $33.1M | $592.8M | ||
| Q1 24 | $23.0M | $571.2M |
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $2.8B | $484.5M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $1.3B | $489.5M |
| Q4 25 | $21.3M | $320.5M | ||
| Q3 25 | $181.1M | $180.7M | ||
| Q2 25 | $375.5M | $145.7M | ||
| Q1 25 | $476.2M | $129.8M | ||
| Q4 24 | $202.7M | $111.6M | ||
| Q3 24 | $370.8M | $164.7M | ||
| Q2 24 | $394.8M | $174.0M | ||
| Q1 24 | $402.5M | $171.6M |
| Q4 25 | $5.7B | $1.0B | ||
| Q3 25 | $5.5B | $891.5M | ||
| Q2 25 | $4.4B | $926.8M | ||
| Q1 25 | $4.1B | $927.3M | ||
| Q4 24 | $2.4B | $866.8M | ||
| Q3 24 | $2.4B | $916.0M | ||
| Q2 24 | $2.5B | $924.0M | ||
| Q1 24 | $2.3B | $925.3M |
| Q4 25 | 176.99× | — | ||
| Q3 25 | 20.59× | — | ||
| Q2 25 | 8.21× | — | ||
| Q1 25 | 5.79× | 3.73× | ||
| Q4 24 | 7.84× | — | ||
| Q3 24 | 4.14× | — | ||
| Q2 24 | 3.94× | — | ||
| Q1 24 | 3.34× | 2.85× |
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 | $24.8M |
| Free Cash FlowOCF − Capex | $-68.6M | $24.1M |
| FCF MarginFCF / Revenue | -47.8% | 19.3% |
| Capex IntensityCapex / Revenue | 45.9% | 0.6% |
| Cash ConversionOCF / Net Profit | — | 0.15× |
| TTM Free Cash FlowTrailing 4 quarters | $-398.5M | $117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.8M | $24.8M | ||
| Q3 25 | $-24.4M | $34.0M | ||
| Q2 25 | $-5.2M | $30.7M | ||
| Q1 25 | $-85.7M | $31.4M | ||
| Q4 24 | $-8.1M | $22.1M | ||
| Q3 24 | $14.2M | $35.8M | ||
| Q2 24 | $-17.6M | $28.6M | ||
| Q1 24 | $-3.9M | $22.2M |
| Q4 25 | $-68.6M | $24.1M | ||
| Q3 25 | $-90.7M | $33.1M | ||
| Q2 25 | $-87.5M | $30.2M | ||
| Q1 25 | $-151.7M | $30.3M | ||
| Q4 24 | $-34.3M | $21.5M | ||
| Q3 24 | $-11.7M | $35.1M | ||
| Q2 24 | $-32.1M | $28.2M | ||
| Q1 24 | $-16.7M | $21.2M |
| Q4 25 | -47.8% | 19.3% | ||
| Q3 25 | -64.5% | 26.8% | ||
| Q2 25 | -71.6% | 25.2% | ||
| Q1 25 | -157.7% | 24.9% | ||
| Q4 24 | -42.4% | 18.1% | ||
| Q3 24 | -14.0% | 30.3% | ||
| Q2 24 | -37.9% | 25.4% | ||
| Q1 24 | -20.3% | 19.1% |
| Q4 25 | 45.9% | 0.6% | ||
| Q3 25 | 47.2% | 0.7% | ||
| Q2 25 | 67.3% | 0.4% | ||
| Q1 25 | 68.6% | 0.9% | ||
| Q4 24 | 32.5% | 0.5% | ||
| Q3 24 | 31.1% | 0.5% | ||
| Q2 24 | 17.2% | 0.4% | ||
| Q1 24 | 15.6% | 0.9% |
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 3.55× | ||
| 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
| 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% |
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
