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Side-by-side financial comparison of FTAI Infrastructure Inc. (FIP) and VICOR CORP (VICR). Click either name above to swap in a different company.
FTAI Infrastructure Inc. is the larger business by last-quarter revenue ($188.4M vs $113.0M, roughly 1.7× VICOR CORP). VICOR CORP runs the higher net margin — 18.3% vs -79.7%, a 98.0% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (95.9% vs 20.2%). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (49.0% CAGR vs 14.7%).
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.
Vicor Corporation is a manufacturer of power modules headquartered in Andover, Massachusetts.
FIP vs VICR — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $188.4M | $113.0M |
| Net Profit | $-150.2M | $20.7M |
| Gross Margin | — | — |
| Operating Margin | — | 59.7% |
| Net Margin | -79.7% | 18.3% |
| Revenue YoY | 95.9% | 20.2% |
| Net Profit YoY | -387.6% | 713.9% |
| EPS (diluted) | $-1.32 | $0.44 |
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 | $188.4M | $113.0M | ||
| Q4 25 | $143.5M | $107.3M | ||
| Q3 25 | $140.6M | $110.4M | ||
| Q2 25 | $122.3M | $96.0M | ||
| Q1 25 | $96.2M | $94.0M | ||
| Q4 24 | $80.8M | $96.2M | ||
| Q3 24 | $83.3M | $93.2M | ||
| Q2 24 | $84.9M | $85.9M |
| Q1 26 | $-150.2M | $20.7M | ||
| Q4 25 | $-97.7M | $46.5M | ||
| Q3 25 | $-104.5M | $28.3M | ||
| Q2 25 | $-70.0M | $41.2M | ||
| Q1 25 | $120.2M | $2.5M | ||
| Q4 24 | $-124.7M | $10.2M | ||
| Q3 24 | $-43.0M | $11.6M | ||
| Q2 24 | $-48.1M | $-1.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 55.4% | ||
| Q3 25 | — | 57.5% | ||
| Q2 25 | — | 95.9% | ||
| Q1 25 | — | 47.2% | ||
| Q4 24 | — | 52.4% | ||
| Q3 24 | — | 49.1% | ||
| Q2 24 | — | 49.8% |
| Q1 26 | — | 59.7% | ||
| Q4 25 | -45.7% | 14.6% | ||
| Q3 25 | -70.8% | 18.9% | ||
| Q2 25 | -56.4% | 47.3% | ||
| Q1 25 | 81.8% | -0.2% | ||
| Q4 24 | -152.7% | 9.6% | ||
| Q3 24 | -51.7% | 5.8% | ||
| Q2 24 | -56.4% | 0.2% |
| Q1 26 | -79.7% | 18.3% | ||
| Q4 25 | -68.1% | 43.4% | ||
| Q3 25 | -74.4% | 25.6% | ||
| Q2 25 | -57.2% | 42.9% | ||
| Q1 25 | 125.0% | 2.7% | ||
| Q4 24 | -154.4% | 10.7% | ||
| Q3 24 | -51.6% | 12.4% | ||
| Q2 24 | -56.7% | -1.4% |
| Q1 26 | $-1.32 | $0.44 | ||
| Q4 25 | $-1.04 | $1.01 | ||
| Q3 25 | $-1.38 | $0.63 | ||
| Q2 25 | $-0.73 | $0.91 | ||
| Q1 25 | $0.89 | $0.06 | ||
| Q4 24 | $-1.21 | $0.24 | ||
| Q3 24 | $-0.45 | $0.26 | ||
| Q2 24 | $-0.52 | $-0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $37.9M | $404.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-122.5K | $754.1M |
| Total Assets | $5.7B | $804.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $37.9M | $404.2M | ||
| Q4 25 | $57.4M | $402.8M | ||
| Q3 25 | $34.7M | $362.4M | ||
| Q2 25 | $33.6M | $338.5M | ||
| Q1 25 | $26.3M | $296.1M | ||
| Q4 24 | $27.8M | $277.3M | ||
| Q3 24 | $20.3M | $267.6M | ||
| Q2 24 | $33.1M | $251.9M |
| 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 | $-122.5K | $754.1M | ||
| Q4 25 | $21.3M | $711.6M | ||
| Q3 25 | $181.1M | $630.1M | ||
| Q2 25 | $375.5M | $608.6M | ||
| Q1 25 | $476.2M | $580.3M | ||
| Q4 24 | $202.7M | $570.1M | ||
| Q3 24 | $370.8M | $554.6M | ||
| Q2 24 | $394.8M | $537.2M |
| Q1 26 | $5.7B | $804.9M | ||
| Q4 25 | $5.7B | $785.8M | ||
| Q3 25 | $5.5B | $710.2M | ||
| Q2 25 | $4.4B | $693.5M | ||
| Q1 25 | $4.1B | $665.0M | ||
| Q4 24 | $2.4B | $641.1M | ||
| Q3 24 | $2.4B | $632.8M | ||
| Q2 24 | $2.5B | $613.2M |
| 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 | $-69.4M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-69.4M | — | ||
| Q4 25 | $-2.8M | $15.7M | ||
| Q3 25 | $-24.4M | $38.5M | ||
| Q2 25 | $-5.2M | $65.2M | ||
| Q1 25 | $-85.7M | $20.1M | ||
| Q4 24 | $-8.1M | $10.1M | ||
| Q3 24 | $14.2M | $22.6M | ||
| Q2 24 | $-17.6M | $15.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-68.6M | $10.2M | ||
| Q3 25 | $-90.7M | $34.5M | ||
| Q2 25 | $-87.5M | $59.0M | ||
| Q1 25 | $-151.7M | $15.6M | ||
| Q4 24 | $-34.3M | $8.4M | ||
| Q3 24 | $-11.7M | $14.1M | ||
| Q2 24 | $-32.1M | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | -47.8% | 9.5% | ||
| Q3 25 | -64.5% | 31.2% | ||
| Q2 25 | -71.6% | 61.5% | ||
| Q1 25 | -157.7% | 16.6% | ||
| Q4 24 | -42.4% | 8.7% | ||
| Q3 24 | -14.0% | 15.2% | ||
| Q2 24 | -37.9% | 11.0% |
| Q1 26 | — | — | ||
| Q4 25 | 45.9% | 5.2% | ||
| Q3 25 | 47.2% | 3.6% | ||
| Q2 25 | 67.3% | 6.5% | ||
| Q1 25 | 68.6% | 4.8% | ||
| Q4 24 | 32.5% | 1.8% | ||
| Q3 24 | 31.1% | 9.1% | ||
| Q2 24 | 17.2% | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.34× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.58× | ||
| Q1 25 | -0.71× | 7.93× | ||
| Q4 24 | — | 0.99× | ||
| Q3 24 | — | 1.95× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FIP
Segment breakdown not available.
VICR
| Product revenue | $98.0M | 87% |
| Royalty revenue | $15.0M | 13% |
