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Side-by-side financial comparison of FTAI Infrastructure Inc. (FIP) and VIEMED HEALTHCARE, INC. (VMD). Click either name above to swap in a different company.
FTAI Infrastructure Inc. is the larger business by last-quarter revenue ($143.5M vs $76.2M, roughly 1.9× VIEMED HEALTHCARE, INC.). VIEMED HEALTHCARE, INC. runs the higher net margin — 7.4% vs -68.1%, a 75.5% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs 25.5%). VIEMED HEALTHCARE, INC. produced more free cash flow last quarter ($9.7M vs $-68.6M). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% CAGR vs 22.7%).
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.
Viemed Healthcare, Inc. is a medical technology firm specializing in respiratory care solutions. It develops, manufactures and distributes portable ventilators, respiratory therapy devices and related support services, catering to acute care, post-acute care and home care segments across North America, Europe and key Asia-Pacific markets for patients with respiratory conditions.
FIP vs VMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $143.5M | $76.2M |
| Net Profit | $-97.7M | $5.6M |
| Gross Margin | — | 57.9% |
| Operating Margin | -45.7% | 11.0% |
| Net Margin | -68.1% | 7.4% |
| Revenue YoY | 77.7% | 25.5% |
| Net Profit YoY | 21.6% | 30.7% |
| EPS (diluted) | $-1.04 | $0.14 |
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 | $76.2M | ||
| Q3 25 | $140.6M | $71.9M | ||
| Q2 25 | $122.3M | $63.1M | ||
| Q1 25 | $96.2M | $59.1M | ||
| Q4 24 | $80.8M | $60.7M | ||
| Q3 24 | $83.3M | $58.0M | ||
| Q2 24 | $84.9M | $55.0M | ||
| Q1 24 | $82.5M | $50.6M |
| Q4 25 | $-97.7M | $5.6M | ||
| Q3 25 | $-104.5M | $3.5M | ||
| Q2 25 | $-70.0M | $3.2M | ||
| Q1 25 | $120.2M | $2.6M | ||
| Q4 24 | $-124.7M | $4.3M | ||
| Q3 24 | $-43.0M | $3.9M | ||
| Q2 24 | $-48.1M | $1.5M | ||
| Q1 24 | $-50.3M | $1.6M |
| Q4 25 | — | 57.9% | ||
| Q3 25 | — | 57.5% | ||
| Q2 25 | — | 58.3% | ||
| Q1 25 | — | 56.3% | ||
| Q4 24 | — | 59.5% | ||
| Q3 24 | — | 59.3% | ||
| Q2 24 | — | 59.8% | ||
| Q1 24 | — | 58.9% |
| Q4 25 | -45.7% | 11.0% | ||
| Q3 25 | -70.8% | 7.8% | ||
| Q2 25 | -56.4% | 8.1% | ||
| Q1 25 | 81.8% | 6.5% | ||
| Q4 24 | -152.7% | 10.6% | ||
| Q3 24 | -51.7% | 9.7% | ||
| Q2 24 | -56.4% | 6.6% | ||
| Q1 24 | -58.8% | 4.4% |
| Q4 25 | -68.1% | 7.4% | ||
| Q3 25 | -74.4% | 4.9% | ||
| Q2 25 | -57.2% | 5.0% | ||
| Q1 25 | 125.0% | 4.4% | ||
| Q4 24 | -154.4% | 7.1% | ||
| Q3 24 | -51.6% | 6.7% | ||
| Q2 24 | -56.7% | 2.7% | ||
| Q1 24 | -60.9% | 3.2% |
| Q4 25 | $-1.04 | $0.14 | ||
| Q3 25 | $-1.38 | $0.09 | ||
| Q2 25 | $-0.73 | $0.08 | ||
| Q1 25 | $0.89 | $0.06 | ||
| Q4 24 | $-1.21 | $0.10 | ||
| Q3 24 | $-0.45 | $0.10 | ||
| Q2 24 | $-0.52 | $0.04 | ||
| Q1 24 | $-0.54 | $0.04 |
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 | $13.5M |
| Total DebtLower is stronger | $3.8B | — |
| Stockholders' EquityBook value | $21.3M | $141.5M |
| Total Assets | $5.7B | $199.2M |
| Debt / EquityLower = less leverage | 176.99× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $57.4M | $13.5M | ||
| Q3 25 | $34.7M | $11.1M | ||
| Q2 25 | $33.6M | $20.0M | ||
| Q1 25 | $26.3M | $10.2M | ||
| Q4 24 | $27.8M | $17.5M | ||
| Q3 24 | $20.3M | $11.3M | ||
| Q2 24 | $33.1M | $8.8M | ||
| Q1 24 | $23.0M | $7.3M |
| 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 | $141.5M | ||
| Q3 25 | $181.1M | $133.6M | ||
| Q2 25 | $375.5M | $139.7M | ||
| Q1 25 | $476.2M | $134.8M | ||
| Q4 24 | $202.7M | $131.4M | ||
| Q3 24 | $370.8M | $125.0M | ||
| Q2 24 | $394.8M | $119.4M | ||
| Q1 24 | $402.5M | $116.3M |
| Q4 25 | $5.7B | $199.2M | ||
| Q3 25 | $5.5B | $202.4M | ||
| Q2 25 | $4.4B | $184.6M | ||
| Q1 25 | $4.1B | $178.1M | ||
| Q4 24 | $2.4B | $177.1M | ||
| Q3 24 | $2.4B | $169.5M | ||
| Q2 24 | $2.5B | $163.9M | ||
| Q1 24 | $2.3B | $154.9M |
| 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 | $18.4M |
| Free Cash FlowOCF − Capex | $-68.6M | $9.7M |
| FCF MarginFCF / Revenue | -47.8% | 12.7% |
| Capex IntensityCapex / Revenue | 45.9% | 11.5% |
| Cash ConversionOCF / Net Profit | — | 3.27× |
| TTM Free Cash FlowTrailing 4 quarters | $-398.5M | $11.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.8M | $18.4M | ||
| Q3 25 | $-24.4M | $18.4M | ||
| Q2 25 | $-5.2M | $12.3M | ||
| Q1 25 | $-85.7M | $2.9M | ||
| Q4 24 | $-8.1M | $15.0M | ||
| Q3 24 | $14.2M | $12.7M | ||
| Q2 24 | $-17.6M | $10.2M | ||
| Q1 24 | $-3.9M | $1.2M |
| Q4 25 | $-68.6M | $9.7M | ||
| Q3 25 | $-90.7M | $10.7M | ||
| Q2 25 | $-87.5M | $4.1M | ||
| Q1 25 | $-151.7M | $-12.6M | ||
| Q4 24 | $-34.3M | $3.2M | ||
| Q3 24 | $-11.7M | $1.7M | ||
| Q2 24 | $-32.1M | $1.2M | ||
| Q1 24 | $-16.7M | $-4.8M |
| Q4 25 | -47.8% | 12.7% | ||
| Q3 25 | -64.5% | 14.9% | ||
| Q2 25 | -71.6% | 6.5% | ||
| Q1 25 | -157.7% | -21.4% | ||
| Q4 24 | -42.4% | 5.2% | ||
| Q3 24 | -14.0% | 3.0% | ||
| Q2 24 | -37.9% | 2.3% | ||
| Q1 24 | -20.3% | -9.5% |
| Q4 25 | 45.9% | 11.5% | ||
| Q3 25 | 47.2% | 10.6% | ||
| Q2 25 | 67.3% | 12.9% | ||
| Q1 25 | 68.6% | 26.2% | ||
| Q4 24 | 32.5% | 19.5% | ||
| Q3 24 | 31.1% | 19.0% | ||
| Q2 24 | 17.2% | 16.3% | ||
| Q1 24 | 15.6% | 11.9% |
| Q4 25 | — | 3.27× | ||
| Q3 25 | — | 5.23× | ||
| Q2 25 | — | 3.88× | ||
| Q1 25 | -0.71× | 1.09× | ||
| Q4 24 | — | 3.47× | ||
| Q3 24 | — | 3.29× | ||
| Q2 24 | — | 6.94× | ||
| Q1 24 | — | 0.73× |
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% |
VMD
Segment breakdown not available.
