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Side-by-side financial comparison of FTAI Infrastructure Inc. (FIP) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.

WYNDHAM HOTELS & RESORTS, INC. is the larger business by last-quarter revenue ($334.0M vs $188.4M, roughly 1.8× FTAI Infrastructure Inc.). WYNDHAM HOTELS & RESORTS, INC. runs the higher net margin — -18.0% vs -79.7%, a 61.8% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (95.9% vs -76.3%). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (49.0% CAGR vs -4.6%).

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.

Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.

FIP vs WH — Head-to-Head

Bigger by revenue
WH
WH
1.8× larger
WH
$334.0M
$188.4M
FIP
Growing faster (revenue YoY)
FIP
FIP
+172.2% gap
FIP
95.9%
-76.3%
WH
Higher net margin
WH
WH
61.8% more per $
WH
-18.0%
-79.7%
FIP
Faster 2-yr revenue CAGR
FIP
FIP
Annualised
FIP
49.0%
-4.6%
WH

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FIP
FIP
WH
WH
Revenue
$188.4M
$334.0M
Net Profit
$-150.2M
$-60.0M
Gross Margin
Operating Margin
Net Margin
-79.7%
-18.0%
Revenue YoY
95.9%
-76.3%
Net Profit YoY
-387.6%
-170.6%
EPS (diluted)
$-1.32
$-0.80

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
WH
WH
Q1 26
$188.4M
$334.0M
Q4 25
$143.5M
$334.0M
Q3 25
$140.6M
$382.0M
Q2 25
$122.3M
$397.0M
Q1 25
$96.2M
$316.0M
Q4 24
$80.8M
$336.0M
Q3 24
$83.3M
$396.0M
Q2 24
$84.9M
$367.0M
Net Profit
FIP
FIP
WH
WH
Q1 26
$-150.2M
$-60.0M
Q4 25
$-97.7M
$-60.0M
Q3 25
$-104.5M
$105.0M
Q2 25
$-70.0M
$87.0M
Q1 25
$120.2M
$61.0M
Q4 24
$-124.7M
$85.0M
Q3 24
$-43.0M
$102.0M
Q2 24
$-48.1M
$86.0M
Operating Margin
FIP
FIP
WH
WH
Q1 26
Q4 25
-45.7%
-11.4%
Q3 25
-70.8%
46.6%
Q2 25
-56.4%
37.8%
Q1 25
81.8%
35.4%
Q4 24
-152.7%
38.4%
Q3 24
-51.7%
43.2%
Q2 24
-56.4%
39.5%
Net Margin
FIP
FIP
WH
WH
Q1 26
-79.7%
-18.0%
Q4 25
-68.1%
-18.0%
Q3 25
-74.4%
27.5%
Q2 25
-57.2%
21.9%
Q1 25
125.0%
19.3%
Q4 24
-154.4%
25.3%
Q3 24
-51.6%
25.8%
Q2 24
-56.7%
23.4%
EPS (diluted)
FIP
FIP
WH
WH
Q1 26
$-1.32
$-0.80
Q4 25
$-1.04
$-0.77
Q3 25
$-1.38
$1.36
Q2 25
$-0.73
$1.13
Q1 25
$0.89
$0.78
Q4 24
$-1.21
$1.06
Q3 24
$-0.45
$1.29
Q2 24
$-0.52
$1.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FIP
FIP
WH
WH
Cash + ST InvestmentsLiquidity on hand
$37.9M
$64.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-122.5K
$468.0M
Total Assets
$5.7B
$4.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIP
FIP
WH
WH
Q1 26
$37.9M
$64.0M
Q4 25
$57.4M
$64.0M
Q3 25
$34.7M
$70.0M
Q2 25
$33.6M
$50.0M
Q1 25
$26.3M
$48.0M
Q4 24
$27.8M
$103.0M
Q3 24
$20.3M
$72.0M
Q2 24
$33.1M
$70.0M
Total Debt
FIP
FIP
WH
WH
Q1 26
Q4 25
$3.8B
$2.5B
Q3 25
$3.7B
$2.6B
Q2 25
$3.1B
$2.5B
Q1 25
$2.8B
$2.5B
Q4 24
$1.6B
$2.4B
Q3 24
$1.5B
$2.4B
Q2 24
$1.6B
$2.4B
Stockholders' Equity
FIP
FIP
WH
WH
Q1 26
$-122.5K
$468.0M
Q4 25
$21.3M
$468.0M
Q3 25
$181.1M
$583.0M
Q2 25
$375.5M
$570.0M
Q1 25
$476.2M
$579.0M
Q4 24
$202.7M
$650.0M
Q3 24
$370.8M
$583.0M
Q2 24
$394.8M
$623.0M
Total Assets
FIP
FIP
WH
WH
Q1 26
$5.7B
$4.2B
Q4 25
$5.7B
$4.2B
Q3 25
$5.5B
$4.3B
Q2 25
$4.4B
$4.3B
Q1 25
$4.1B
$4.2B
Q4 24
$2.4B
$4.2B
Q3 24
$2.4B
$4.2B
Q2 24
$2.5B
$4.2B
Debt / Equity
FIP
FIP
WH
WH
Q1 26
Q4 25
176.99×
5.37×
Q3 25
20.59×
4.43×
Q2 25
8.21×
4.44×
Q1 25
5.79×
4.29×
Q4 24
7.84×
3.72×
Q3 24
4.14×
4.19×
Q2 24
3.94×
3.83×

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
WH
WH
Operating Cash FlowLast quarter
$-69.4M
$367.0M
Free Cash FlowOCF − Capex
$168.0M
FCF MarginFCF / Revenue
50.3%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$437.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIP
FIP
WH
WH
Q1 26
$-69.4M
$367.0M
Q4 25
$-2.8M
$152.0M
Q3 25
$-24.4M
$86.0M
Q2 25
$-5.2M
$70.0M
Q1 25
$-85.7M
$59.0M
Q4 24
$-8.1M
$134.0M
Q3 24
$14.2M
$79.0M
Q2 24
$-17.6M
$1.0M
Free Cash Flow
FIP
FIP
WH
WH
Q1 26
$168.0M
Q4 25
$-68.6M
$136.0M
Q3 25
$-90.7M
$75.0M
Q2 25
$-87.5M
$58.0M
Q1 25
$-151.7M
$52.0M
Q4 24
$-34.3M
$109.0M
Q3 24
$-11.7M
$71.0M
Q2 24
$-32.1M
$-6.0M
FCF Margin
FIP
FIP
WH
WH
Q1 26
50.3%
Q4 25
-47.8%
40.7%
Q3 25
-64.5%
19.6%
Q2 25
-71.6%
14.6%
Q1 25
-157.7%
16.5%
Q4 24
-42.4%
32.4%
Q3 24
-14.0%
17.9%
Q2 24
-37.9%
-1.6%
Capex Intensity
FIP
FIP
WH
WH
Q1 26
Q4 25
45.9%
4.8%
Q3 25
47.2%
2.9%
Q2 25
67.3%
3.0%
Q1 25
68.6%
2.2%
Q4 24
32.5%
7.4%
Q3 24
31.1%
2.0%
Q2 24
17.2%
1.9%
Cash Conversion
FIP
FIP
WH
WH
Q1 26
Q4 25
Q3 25
0.82×
Q2 25
0.80×
Q1 25
-0.71×
0.97×
Q4 24
1.58×
Q3 24
0.77×
Q2 24
0.01×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FIP
FIP

Segment breakdown not available.

WH
WH

Fee-related and other revenues$334.0M100%
Management and other fees$2.0M1%

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