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Side-by-side financial comparison of FTAI Infrastructure Inc. (FIP) and USANA HEALTH SCIENCES INC (USNA). Click either name above to swap in a different company.

USANA HEALTH SCIENCES INC is the larger business by last-quarter revenue ($226.2M vs $143.5M, roughly 1.6× FTAI Infrastructure Inc.). USANA HEALTH SCIENCES INC runs the higher net margin — 0.1% vs -68.1%, a 68.2% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs -10.0%). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% CAGR vs 3.1%).

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.

Usana Health Sciences, Inc., or USANA, is an American multi-level marketing company based in Salt Lake City, Utah. As of 2021, Usana was the 14th largest direct-selling company in the world by revenue. The company manufactures most of its nutritional products, dietary supplements, and skincare products at a Salt Lake City facility. Its products are sold in 24 countries via a network of independent distributors.

FIP vs USNA — Head-to-Head

Bigger by revenue
USNA
USNA
1.6× larger
USNA
$226.2M
$143.5M
FIP
Growing faster (revenue YoY)
FIP
FIP
+87.7% gap
FIP
77.7%
-10.0%
USNA
Higher net margin
USNA
USNA
68.2% more per $
USNA
0.1%
-68.1%
FIP
Faster 2-yr revenue CAGR
FIP
FIP
Annualised
FIP
31.9%
3.1%
USNA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FIP
FIP
USNA
USNA
Revenue
$143.5M
$226.2M
Net Profit
$-97.7M
$180.0K
Gross Margin
78.2%
Operating Margin
-45.7%
1.7%
Net Margin
-68.1%
0.1%
Revenue YoY
77.7%
-10.0%
Net Profit YoY
21.6%
-74.0%
EPS (diluted)
$-1.04
$-0.10

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
USNA
USNA
Q4 25
$143.5M
$226.2M
Q3 25
$140.6M
$213.7M
Q2 25
$122.3M
$235.8M
Q1 25
$96.2M
$249.5M
Q4 24
$80.8M
$213.6M
Q3 24
$83.3M
$200.2M
Q2 24
$84.9M
$212.9M
Q1 24
$82.5M
Net Profit
FIP
FIP
USNA
USNA
Q4 25
$-97.7M
$180.0K
Q3 25
$-104.5M
$-6.5M
Q2 25
$-70.0M
$9.7M
Q1 25
$120.2M
$9.4M
Q4 24
$-124.7M
$4.5M
Q3 24
$-43.0M
$10.6M
Q2 24
$-48.1M
$10.4M
Q1 24
$-50.3M
Gross Margin
FIP
FIP
USNA
USNA
Q4 25
78.2%
Q3 25
77.2%
Q2 25
78.7%
Q1 25
79.0%
Q4 24
82.0%
Q3 24
80.4%
Q2 24
81.1%
Q1 24
Operating Margin
FIP
FIP
USNA
USNA
Q4 25
-45.7%
1.7%
Q3 25
-70.8%
0.6%
Q2 25
-56.4%
7.1%
Q1 25
81.8%
6.3%
Q4 24
-152.7%
3.8%
Q3 24
-51.7%
7.8%
Q2 24
-56.4%
8.4%
Q1 24
-58.8%
Net Margin
FIP
FIP
USNA
USNA
Q4 25
-68.1%
0.1%
Q3 25
-74.4%
-3.1%
Q2 25
-57.2%
4.1%
Q1 25
125.0%
3.8%
Q4 24
-154.4%
2.1%
Q3 24
-51.6%
5.3%
Q2 24
-56.7%
4.9%
Q1 24
-60.9%
EPS (diluted)
FIP
FIP
USNA
USNA
Q4 25
$-1.04
$-0.10
Q3 25
$-1.38
$-0.36
Q2 25
$-0.73
$0.52
Q1 25
$0.89
$0.49
Q4 24
$-1.21
$0.23
Q3 24
$-0.45
$0.56
Q2 24
$-0.52
$0.54
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
USNA
USNA
Cash + ST InvestmentsLiquidity on hand
$57.4M
$158.4M
Total DebtLower is stronger
$3.8B
Stockholders' EquityBook value
$21.3M
Total Assets
$5.7B
$742.9M
Debt / EquityLower = less leverage
176.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIP
FIP
USNA
USNA
Q4 25
$57.4M
$158.4M
Q3 25
$34.7M
$145.3M
Q2 25
$33.6M
$151.3M
Q1 25
$26.3M
$179.6M
Q4 24
$27.8M
$181.8M
Q3 24
$20.3M
$364.9M
Q2 24
$33.1M
$332.4M
Q1 24
$23.0M
Total Debt
FIP
FIP
USNA
USNA
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
USNA
USNA
Q4 25
$21.3M
Q3 25
$181.1M
$528.1M
Q2 25
$375.5M
$531.1M
Q1 25
$476.2M
$529.8M
Q4 24
$202.7M
$532.1M
Q3 24
$370.8M
$533.1M
Q2 24
$394.8M
$512.2M
Q1 24
$402.5M
Total Assets
FIP
FIP
USNA
USNA
Q4 25
$5.7B
$742.9M
Q3 25
$5.5B
$726.6M
Q2 25
$4.4B
$734.5M
Q1 25
$4.1B
$746.6M
Q4 24
$2.4B
$748.2M
Q3 24
$2.4B
$671.3M
Q2 24
$2.5B
$631.4M
Q1 24
$2.3B
Debt / Equity
FIP
FIP
USNA
USNA
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
USNA
USNA
Operating Cash FlowLast quarter
$-2.8M
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
USNA
USNA
Q4 25
$-2.8M
Q3 25
$-24.4M
$-2.0M
Q2 25
$-5.2M
$12.2M
Q1 25
$-85.7M
$15.5M
Q4 24
$-8.1M
$5.8M
Q3 24
$14.2M
$29.5M
Q2 24
$-17.6M
$8.0M
Q1 24
$-3.9M
Free Cash Flow
FIP
FIP
USNA
USNA
Q4 25
$-68.6M
Q3 25
$-90.7M
$-5.2M
Q2 25
$-87.5M
$7.2M
Q1 25
$-151.7M
$12.7M
Q4 24
$-34.3M
$4.0M
Q3 24
$-11.7M
$27.1M
Q2 24
$-32.1M
$5.3M
Q1 24
$-16.7M
FCF Margin
FIP
FIP
USNA
USNA
Q4 25
-47.8%
Q3 25
-64.5%
-2.4%
Q2 25
-71.6%
3.0%
Q1 25
-157.7%
5.1%
Q4 24
-42.4%
1.9%
Q3 24
-14.0%
13.6%
Q2 24
-37.9%
2.5%
Q1 24
-20.3%
Capex Intensity
FIP
FIP
USNA
USNA
Q4 25
45.9%
Q3 25
47.2%
1.5%
Q2 25
67.3%
2.1%
Q1 25
68.6%
1.1%
Q4 24
32.5%
0.8%
Q3 24
31.1%
1.2%
Q2 24
17.2%
1.3%
Q1 24
15.6%
Cash Conversion
FIP
FIP
USNA
USNA
Q4 25
Q3 25
Q2 25
1.27×
Q1 25
-0.71×
1.65×
Q4 24
1.29×
Q3 24
2.78×
Q2 24
0.77×
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%

USNA
USNA

Segment breakdown not available.

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