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Side-by-side financial comparison of FTAI Infrastructure Inc. (FIP) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
FTAI Infrastructure Inc. is the larger business by last-quarter revenue ($143.5M vs $103.6M, roughly 1.4× TACTILE SYSTEMS TECHNOLOGY INC). TACTILE SYSTEMS TECHNOLOGY INC runs the higher net margin — 10.3% vs -68.1%, a 78.4% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs 21.0%). TACTILE SYSTEMS TECHNOLOGY INC produced more free cash flow last quarter ($16.8M vs $-68.6M). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% CAGR vs 30.2%).
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.
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
FIP vs TCMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $143.5M | $103.6M |
| Net Profit | $-97.7M | $10.6M |
| Gross Margin | — | 78.2% |
| Operating Margin | -45.7% | 18.1% |
| Net Margin | -68.1% | 10.3% |
| Revenue YoY | 77.7% | 21.0% |
| Net Profit YoY | 21.6% | 9.4% |
| EPS (diluted) | $-1.04 | $0.45 |
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 | $103.6M | ||
| Q3 25 | $140.6M | $85.8M | ||
| Q2 25 | $122.3M | $78.9M | ||
| Q1 25 | $96.2M | $61.3M | ||
| Q4 24 | $80.8M | $85.6M | ||
| Q3 24 | $83.3M | $73.1M | ||
| Q2 24 | $84.9M | $73.2M | ||
| Q1 24 | $82.5M | $61.1M |
| Q4 25 | $-97.7M | $10.6M | ||
| Q3 25 | $-104.5M | $8.2M | ||
| Q2 25 | $-70.0M | $3.2M | ||
| Q1 25 | $120.2M | $-3.0M | ||
| Q4 24 | $-124.7M | $9.7M | ||
| Q3 24 | $-43.0M | $5.2M | ||
| Q2 24 | $-48.1M | $4.3M | ||
| Q1 24 | $-50.3M | $-2.2M |
| Q4 25 | — | 78.2% | ||
| Q3 25 | — | 75.8% | ||
| Q2 25 | — | 74.5% | ||
| Q1 25 | — | 74.0% | ||
| Q4 24 | — | 75.2% | ||
| Q3 24 | — | 75.0% | ||
| Q2 24 | — | 73.9% | ||
| Q1 24 | — | 71.1% |
| Q4 25 | -45.7% | 18.1% | ||
| Q3 25 | -70.8% | 12.8% | ||
| Q2 25 | -56.4% | 5.2% | ||
| Q1 25 | 81.8% | -7.4% | ||
| Q4 24 | -152.7% | 14.6% | ||
| Q3 24 | -51.7% | 9.3% | ||
| Q2 24 | -56.4% | 8.0% | ||
| Q1 24 | -58.8% | -4.9% |
| Q4 25 | -68.1% | 10.3% | ||
| Q3 25 | -74.4% | 9.6% | ||
| Q2 25 | -57.2% | 4.1% | ||
| Q1 25 | 125.0% | -4.9% | ||
| Q4 24 | -154.4% | 11.4% | ||
| Q3 24 | -51.6% | 7.1% | ||
| Q2 24 | -56.7% | 5.9% | ||
| Q1 24 | -60.9% | -3.6% |
| Q4 25 | $-1.04 | $0.45 | ||
| Q3 25 | $-1.38 | $0.36 | ||
| Q2 25 | $-0.73 | $0.14 | ||
| Q1 25 | $0.89 | $-0.13 | ||
| Q4 24 | $-1.21 | $0.40 | ||
| Q3 24 | $-0.45 | $0.21 | ||
| Q2 24 | $-0.52 | $0.18 | ||
| Q1 24 | $-0.54 | $-0.09 |
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 | $83.4M |
| Total DebtLower is stronger | $3.8B | $0 |
| Stockholders' EquityBook value | $21.3M | $218.9M |
| Total Assets | $5.7B | $273.9M |
| Debt / EquityLower = less leverage | 176.99× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $57.4M | $83.4M | ||
| Q3 25 | $34.7M | $66.0M | ||
| Q2 25 | $33.6M | $81.5M | ||
| Q1 25 | $26.3M | $83.6M | ||
| Q4 24 | $27.8M | $94.4M | ||
| Q3 24 | $20.3M | $82.1M | ||
| Q2 24 | $33.1M | $73.6M | ||
| Q1 24 | $23.0M | $60.7M |
| Q4 25 | $3.8B | $0 | ||
| Q3 25 | $3.7B | $0 | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.5B | $27.0M | ||
| Q2 24 | $1.6B | $27.8M | ||
| Q1 24 | $1.3B | $28.5M |
| Q4 25 | $21.3M | $218.9M | ||
| Q3 25 | $181.1M | $204.9M | ||
| Q2 25 | $375.5M | $194.9M | ||
| Q1 25 | $476.2M | $205.6M | ||
| Q4 24 | $202.7M | $216.6M | ||
| Q3 24 | $370.8M | $207.9M | ||
| Q2 24 | $394.8M | $200.7M | ||
| Q1 24 | $402.5M | $193.5M |
| Q4 25 | $5.7B | $273.9M | ||
| Q3 25 | $5.5B | $259.2M | ||
| Q2 25 | $4.4B | $273.0M | ||
| Q1 25 | $4.1B | $280.2M | ||
| Q4 24 | $2.4B | $297.9M | ||
| Q3 24 | $2.4B | $287.7M | ||
| Q2 24 | $2.5B | $278.8M | ||
| Q1 24 | $2.3B | $272.0M |
| Q4 25 | 176.99× | 0.00× | ||
| Q3 25 | 20.59× | 0.00× | ||
| Q2 25 | 8.21× | — | ||
| Q1 25 | 5.79× | — | ||
| Q4 24 | 7.84× | — | ||
| Q3 24 | 4.14× | 0.13× | ||
| Q2 24 | 3.94× | 0.14× | ||
| Q1 24 | 3.34× | 0.15× |
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 | $17.3M |
| Free Cash FlowOCF − Capex | $-68.6M | $16.8M |
| FCF MarginFCF / Revenue | -47.8% | 16.2% |
| Capex IntensityCapex / Revenue | 45.9% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $-398.5M | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.8M | $17.3M | ||
| Q3 25 | $-24.4M | $10.3M | ||
| Q2 25 | $-5.2M | $14.8M | ||
| Q1 25 | $-85.7M | $417.0K | ||
| Q4 24 | $-8.1M | $16.3M | ||
| Q3 24 | $14.2M | $10.3M | ||
| Q2 24 | $-17.6M | $13.1M | ||
| Q1 24 | $-3.9M | $924.0K |
| Q4 25 | $-68.6M | $16.8M | ||
| Q3 25 | $-90.7M | $9.2M | ||
| Q2 25 | $-87.5M | $14.4M | ||
| Q1 25 | $-151.7M | $38.0K | ||
| Q4 24 | $-34.3M | $15.9M | ||
| Q3 24 | $-11.7M | $9.3M | ||
| Q2 24 | $-32.1M | $12.6M | ||
| Q1 24 | $-16.7M | $442.0K |
| Q4 25 | -47.8% | 16.2% | ||
| Q3 25 | -64.5% | 10.8% | ||
| Q2 25 | -71.6% | 18.2% | ||
| Q1 25 | -157.7% | 0.1% | ||
| Q4 24 | -42.4% | 18.5% | ||
| Q3 24 | -14.0% | 12.7% | ||
| Q2 24 | -37.9% | 17.3% | ||
| Q1 24 | -20.3% | 0.7% |
| Q4 25 | 45.9% | 0.5% | ||
| Q3 25 | 47.2% | 1.3% | ||
| Q2 25 | 67.3% | 0.5% | ||
| Q1 25 | 68.6% | 0.6% | ||
| Q4 24 | 32.5% | 0.5% | ||
| Q3 24 | 31.1% | 1.3% | ||
| Q2 24 | 17.2% | 0.7% | ||
| Q1 24 | 15.6% | 0.8% |
| Q4 25 | — | 1.63× | ||
| Q3 25 | — | 1.26× | ||
| Q2 25 | — | 4.59× | ||
| Q1 25 | -0.71× | — | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | — | 1.99× | ||
| Q2 24 | — | 3.06× | ||
| 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% |
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
