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Side-by-side financial comparison of FTAI Infrastructure Inc. (FIP) and PEAPACK GLADSTONE FINANCIAL CORP (PGC). Click either name above to swap in a different company.
FTAI Infrastructure Inc. is the larger business by last-quarter revenue ($143.5M vs $78.2M, roughly 1.8× PEAPACK GLADSTONE FINANCIAL CORP). PEAPACK GLADSTONE FINANCIAL CORP runs the higher net margin — 15.5% vs -68.1%, a 83.6% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs 26.5%). PEAPACK GLADSTONE FINANCIAL CORP produced more free cash flow last quarter ($28.8M vs $-68.6M). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% CAGR vs 21.4%).
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.
Peapack Gladstone Financial Corp is a U.S.-based regional financial holding company that provides commercial and consumer banking, wealth management, private banking, lending solutions, and trust services, primarily serving individual and small-to-medium business clients across New Jersey and the surrounding U.S. Northeast region.
FIP vs PGC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $143.5M | $78.2M |
| Net Profit | $-97.7M | $12.2M |
| Gross Margin | — | — |
| Operating Margin | -45.7% | 21.7% |
| Net Margin | -68.1% | 15.5% |
| Revenue YoY | 77.7% | 26.5% |
| Net Profit YoY | 21.6% | 31.6% |
| EPS (diluted) | $-1.04 | $0.68 |
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 | $78.2M | ||
| Q3 25 | $140.6M | $70.7M | ||
| Q2 25 | $122.3M | $69.7M | ||
| Q1 25 | $96.2M | $64.4M | ||
| Q4 24 | $80.8M | $61.8M | ||
| Q3 24 | $83.3M | $56.6M | ||
| Q2 24 | $84.9M | $56.6M | ||
| Q1 24 | $82.5M | $53.1M |
| Q4 25 | $-97.7M | $12.2M | ||
| Q3 25 | $-104.5M | $9.6M | ||
| Q2 25 | $-70.0M | $7.9M | ||
| Q1 25 | $120.2M | $7.6M | ||
| Q4 24 | $-124.7M | $9.2M | ||
| Q3 24 | $-43.0M | $7.6M | ||
| Q2 24 | $-48.1M | $7.5M | ||
| Q1 24 | $-50.3M | $8.6M |
| Q4 25 | -45.7% | 21.7% | ||
| Q3 25 | -70.8% | 19.2% | ||
| Q2 25 | -56.4% | 16.1% | ||
| Q1 25 | 81.8% | 16.2% | ||
| Q4 24 | -152.7% | 19.8% | ||
| Q3 24 | -51.7% | 19.0% | ||
| Q2 24 | -56.4% | 16.9% | ||
| Q1 24 | -58.8% | 23.4% |
| Q4 25 | -68.1% | 15.5% | ||
| Q3 25 | -74.4% | 13.6% | ||
| Q2 25 | -57.2% | 11.4% | ||
| Q1 25 | 125.0% | 11.8% | ||
| Q4 24 | -154.4% | 14.9% | ||
| Q3 24 | -51.6% | 13.4% | ||
| Q2 24 | -56.7% | 13.3% | ||
| Q1 24 | -60.9% | 16.3% |
| Q4 25 | $-1.04 | $0.68 | ||
| Q3 25 | $-1.38 | $0.54 | ||
| Q2 25 | $-0.73 | $0.45 | ||
| Q1 25 | $0.89 | $0.43 | ||
| Q4 24 | $-1.21 | $0.52 | ||
| Q3 24 | $-0.45 | $0.43 | ||
| Q2 24 | $-0.52 | $0.42 | ||
| Q1 24 | $-0.54 | $0.48 |
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 | — |
| Total DebtLower is stronger | $3.8B | — |
| Stockholders' EquityBook value | $21.3M | $658.2M |
| Total Assets | $5.7B | $7.5B |
| Debt / EquityLower = less leverage | 176.99× | — |
8-quarter trend — quarters aligned by calendar period.
| 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 | — | ||
| Q1 24 | $23.0M | — |
| 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 | $658.2M | ||
| Q3 25 | $181.1M | $642.5M | ||
| Q2 25 | $375.5M | $629.8M | ||
| Q1 25 | $476.2M | $621.9M | ||
| Q4 24 | $202.7M | $605.8M | ||
| Q3 24 | $370.8M | $607.6M | ||
| Q2 24 | $394.8M | $588.3M | ||
| Q1 24 | $402.5M | $582.4M |
| Q4 25 | $5.7B | $7.5B | ||
| Q3 25 | $5.5B | $7.4B | ||
| Q2 25 | $4.4B | $7.2B | ||
| Q1 25 | $4.1B | $7.1B | ||
| Q4 24 | $2.4B | $7.0B | ||
| Q3 24 | $2.4B | $6.8B | ||
| Q2 24 | $2.5B | $6.5B | ||
| Q1 24 | $2.3B | $6.4B |
| 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 | $43.1M |
| Free Cash FlowOCF − Capex | $-68.6M | $28.8M |
| FCF MarginFCF / Revenue | -47.8% | 36.8% |
| Capex IntensityCapex / Revenue | 45.9% | 18.3% |
| Cash ConversionOCF / Net Profit | — | 3.55× |
| TTM Free Cash FlowTrailing 4 quarters | $-398.5M | $61.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.8M | $43.1M | ||
| Q3 25 | $-24.4M | $36.2M | ||
| Q2 25 | $-5.2M | $15.9M | ||
| Q1 25 | $-85.7M | $-7.9M | ||
| Q4 24 | $-8.1M | $71.1M | ||
| Q3 24 | $14.2M | $24.7M | ||
| Q2 24 | $-17.6M | $852.0K | ||
| Q1 24 | $-3.9M | $19.1M |
| Q4 25 | $-68.6M | $28.8M | ||
| Q3 25 | $-90.7M | $34.0M | ||
| Q2 25 | $-87.5M | $9.9M | ||
| Q1 25 | $-151.7M | $-11.5M | ||
| Q4 24 | $-34.3M | $63.0M | ||
| Q3 24 | $-11.7M | $23.0M | ||
| Q2 24 | $-32.1M | $-431.0K | ||
| Q1 24 | $-16.7M | $18.0M |
| Q4 25 | -47.8% | 36.8% | ||
| Q3 25 | -64.5% | 48.1% | ||
| Q2 25 | -71.6% | 14.2% | ||
| Q1 25 | -157.7% | -17.8% | ||
| Q4 24 | -42.4% | 101.9% | ||
| Q3 24 | -14.0% | 40.6% | ||
| Q2 24 | -37.9% | -0.8% | ||
| Q1 24 | -20.3% | 33.9% |
| Q4 25 | 45.9% | 18.3% | ||
| Q3 25 | 47.2% | 3.1% | ||
| Q2 25 | 67.3% | 8.6% | ||
| Q1 25 | 68.6% | 5.6% | ||
| Q4 24 | 32.5% | 13.1% | ||
| Q3 24 | 31.1% | 3.0% | ||
| Q2 24 | 17.2% | 2.3% | ||
| Q1 24 | 15.6% | 2.1% |
| Q4 25 | — | 3.55× | ||
| Q3 25 | — | 3.76× | ||
| Q2 25 | — | 2.01× | ||
| Q1 25 | -0.71× | -1.04× | ||
| Q4 24 | — | 7.70× | ||
| Q3 24 | — | 3.25× | ||
| Q2 24 | — | 0.11× | ||
| Q1 24 | — | 2.21× |
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% |
PGC
| Banking Segment | $61.4M | 79% |
| Wealth Management Division | $13.9M | 18% |
| Other | $2.9M | 4% |
