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Side-by-side financial comparison of FTAI Infrastructure Inc. (FIP) and ROGERS CORP (ROG). Click either name above to swap in a different company.
ROGERS CORP is the larger business by last-quarter revenue ($200.5M vs $143.5M, roughly 1.4× FTAI Infrastructure Inc.). ROGERS CORP runs the higher net margin — 2.2% vs -68.1%, a 70.3% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs 5.2%). ROGERS CORP produced more free cash flow last quarter ($1.1M vs $-68.6M). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% CAGR vs -3.3%).
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.
Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.
FIP vs ROG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $143.5M | $200.5M |
| Net Profit | $-97.7M | $4.5M |
| Gross Margin | — | 32.2% |
| Operating Margin | -45.7% | — |
| Net Margin | -68.1% | 2.2% |
| Revenue YoY | 77.7% | 5.2% |
| Net Profit YoY | 21.6% | 421.4% |
| EPS (diluted) | $-1.04 | $0.25 |
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.
| Q1 26 | — | $200.5M | ||
| Q4 25 | $143.5M | $201.5M | ||
| Q3 25 | $140.6M | $216.0M | ||
| Q2 25 | $122.3M | $202.8M | ||
| Q1 25 | $96.2M | $190.5M | ||
| Q4 24 | $80.8M | $192.2M | ||
| Q3 24 | $83.3M | $210.3M | ||
| Q2 24 | $84.9M | $214.2M |
| Q1 26 | — | $4.5M | ||
| Q4 25 | $-97.7M | $4.6M | ||
| Q3 25 | $-104.5M | $8.6M | ||
| Q2 25 | $-70.0M | $-73.6M | ||
| Q1 25 | $120.2M | $-1.4M | ||
| Q4 24 | $-124.7M | $-500.0K | ||
| Q3 24 | $-43.0M | $10.7M | ||
| Q2 24 | $-48.1M | $8.1M |
| Q1 26 | — | 32.2% | ||
| Q4 25 | — | 31.5% | ||
| Q3 25 | — | 33.5% | ||
| Q2 25 | — | 31.6% | ||
| Q1 25 | — | 29.9% | ||
| Q4 24 | — | 32.1% | ||
| Q3 24 | — | 35.2% | ||
| Q2 24 | — | 34.1% |
| Q1 26 | — | — | ||
| Q4 25 | -45.7% | 3.5% | ||
| Q3 25 | -70.8% | 7.3% | ||
| Q2 25 | -56.4% | -33.3% | ||
| Q1 25 | 81.8% | -0.2% | ||
| Q4 24 | -152.7% | -6.6% | ||
| Q3 24 | -51.7% | 6.9% | ||
| Q2 24 | -56.4% | 5.3% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | -68.1% | 2.3% | ||
| Q3 25 | -74.4% | 4.0% | ||
| Q2 25 | -57.2% | -36.3% | ||
| Q1 25 | 125.0% | -0.7% | ||
| Q4 24 | -154.4% | -0.3% | ||
| Q3 24 | -51.6% | 5.1% | ||
| Q2 24 | -56.7% | 3.8% |
| Q1 26 | — | $0.25 | ||
| Q4 25 | $-1.04 | $0.20 | ||
| Q3 25 | $-1.38 | $0.48 | ||
| Q2 25 | $-0.73 | $-4.00 | ||
| Q1 25 | $0.89 | $-0.08 | ||
| Q4 24 | $-1.21 | $-0.04 | ||
| Q3 24 | $-0.45 | $0.58 | ||
| Q2 24 | $-0.52 | $0.44 |
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 | $195.8M |
| Total DebtLower is stronger | $3.8B | — |
| Stockholders' EquityBook value | $21.3M | $1.2B |
| Total Assets | $5.7B | $1.4B |
| Debt / EquityLower = less leverage | 176.99× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $195.8M | ||
| Q4 25 | $57.4M | $197.0M | ||
| Q3 25 | $34.7M | $167.8M | ||
| Q2 25 | $33.6M | $157.2M | ||
| Q1 25 | $26.3M | $175.6M | ||
| Q4 24 | $27.8M | $159.8M | ||
| Q3 24 | $20.3M | $146.4M | ||
| Q2 24 | $33.1M | $119.9M |
| Q1 26 | — | — | ||
| 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 26 | — | $1.2B | ||
| Q4 25 | $21.3M | $1.2B | ||
| Q3 25 | $181.1M | $1.2B | ||
| Q2 25 | $375.5M | $1.2B | ||
| Q1 25 | $476.2M | $1.3B | ||
| Q4 24 | $202.7M | $1.3B | ||
| Q3 24 | $370.8M | $1.3B | ||
| Q2 24 | $394.8M | $1.3B |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $5.7B | $1.4B | ||
| Q3 25 | $5.5B | $1.4B | ||
| Q2 25 | $4.4B | $1.5B | ||
| Q1 25 | $4.1B | $1.5B | ||
| Q4 24 | $2.4B | $1.5B | ||
| Q3 24 | $2.4B | $1.5B | ||
| Q2 24 | $2.5B | $1.5B |
| Q1 26 | — | — | ||
| 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× | — |
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 | $5.8M |
| Free Cash FlowOCF − Capex | $-68.6M | $1.1M |
| FCF MarginFCF / Revenue | -47.8% | 0.5% |
| Capex IntensityCapex / Revenue | 45.9% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | $-398.5M | $70.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.8M | ||
| Q4 25 | $-2.8M | $46.9M | ||
| Q3 25 | $-24.4M | $28.9M | ||
| Q2 25 | $-5.2M | $13.7M | ||
| Q1 25 | $-85.7M | $11.7M | ||
| Q4 24 | $-8.1M | $33.7M | ||
| Q3 24 | $14.2M | $42.4M | ||
| Q2 24 | $-17.6M | $22.9M |
| Q1 26 | — | $1.1M | ||
| Q4 25 | $-68.6M | $42.2M | ||
| Q3 25 | $-90.7M | $21.2M | ||
| Q2 25 | $-87.5M | $5.6M | ||
| Q1 25 | $-151.7M | $2.1M | ||
| Q4 24 | $-34.3M | $18.3M | ||
| Q3 24 | $-11.7M | $25.2M | ||
| Q2 24 | $-32.1M | $8.8M |
| Q1 26 | — | 0.5% | ||
| Q4 25 | -47.8% | 20.9% | ||
| Q3 25 | -64.5% | 9.8% | ||
| Q2 25 | -71.6% | 2.8% | ||
| Q1 25 | -157.7% | 1.1% | ||
| Q4 24 | -42.4% | 9.5% | ||
| Q3 24 | -14.0% | 12.0% | ||
| Q2 24 | -37.9% | 4.1% |
| Q1 26 | — | 2.3% | ||
| Q4 25 | 45.9% | 2.3% | ||
| Q3 25 | 47.2% | 3.6% | ||
| Q2 25 | 67.3% | 4.0% | ||
| Q1 25 | 68.6% | 5.0% | ||
| Q4 24 | 32.5% | 8.0% | ||
| Q3 24 | 31.1% | 8.2% | ||
| Q2 24 | 17.2% | 6.6% |
| Q1 26 | — | 1.29× | ||
| Q4 25 | — | 10.20× | ||
| Q3 25 | — | 3.36× | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.71× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.96× | ||
| Q2 24 | — | 2.83× |
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% |
ROG
Segment breakdown not available.
