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Side-by-side financial comparison of FTAI Infrastructure Inc. (FIP) and WESBANCO INC (WSBC). Click either name above to swap in a different company.
WESBANCO INC is the larger business by last-quarter revenue ($257.2M vs $143.5M, roughly 1.8× FTAI Infrastructure Inc.). WESBANCO INC runs the higher net margin — 34.5% vs -68.1%, a 102.5% gap on every dollar of revenue. Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% CAGR vs 31.9%).
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.
WesBanco, Inc., is a bank holding company headquartered in Wheeling, West Virginia, United States. It has over 200 branches in West Virginia, Ohio, Western Pennsylvania, Kentucky, Maryland, and Southern Indiana.
FIP vs WSBC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $143.5M | $257.2M |
| Net Profit | $-97.7M | $88.6M |
| Gross Margin | — | — |
| Operating Margin | -45.7% | — |
| Net Margin | -68.1% | 34.5% |
| Revenue YoY | 77.7% | — |
| Net Profit YoY | 21.6% | 54.4% |
| EPS (diluted) | $-1.04 | $0.88 |
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 | — | $257.2M | ||
| Q4 25 | $143.5M | $265.6M | ||
| Q3 25 | $140.6M | $261.6M | ||
| Q2 25 | $122.3M | $260.7M | ||
| Q1 25 | $96.2M | $193.2M | ||
| Q4 24 | $80.8M | $162.9M | ||
| Q3 24 | $83.3M | $150.8M | ||
| Q2 24 | $84.9M | $147.9M |
| Q1 26 | — | $88.6M | ||
| Q4 25 | $-97.7M | $91.1M | ||
| Q3 25 | $-104.5M | $83.6M | ||
| Q2 25 | $-70.0M | $57.4M | ||
| Q1 25 | $120.2M | $-9.0M | ||
| Q4 24 | $-124.7M | $49.6M | ||
| Q3 24 | $-43.0M | $37.3M | ||
| Q2 24 | $-48.1M | $28.9M |
| Q1 26 | — | — | ||
| Q4 25 | -45.7% | 43.2% | ||
| Q3 25 | -70.8% | 39.5% | ||
| Q2 25 | -56.4% | 27.2% | ||
| Q1 25 | 81.8% | -5.0% | ||
| Q4 24 | -152.7% | 38.0% | ||
| Q3 24 | -51.7% | 29.7% | ||
| Q2 24 | -56.4% | 23.7% |
| Q1 26 | — | 34.5% | ||
| Q4 25 | -68.1% | 34.3% | ||
| Q3 25 | -74.4% | 31.9% | ||
| Q2 25 | -57.2% | 22.0% | ||
| Q1 25 | 125.0% | -4.7% | ||
| Q4 24 | -154.4% | 30.5% | ||
| Q3 24 | -51.6% | 24.7% | ||
| Q2 24 | -56.7% | 19.5% |
| Q1 26 | — | $0.88 | ||
| Q4 25 | $-1.04 | $0.97 | ||
| Q3 25 | $-1.38 | $0.84 | ||
| Q2 25 | $-0.73 | $0.57 | ||
| Q1 25 | $0.89 | $-0.15 | ||
| Q4 24 | $-1.21 | $0.72 | ||
| Q3 24 | $-0.45 | $0.54 | ||
| Q2 24 | $-0.52 | $0.44 |
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 | — |
| Total DebtLower is stronger | $3.8B | — |
| Stockholders' EquityBook value | $21.3M | $4.1B |
| Total Assets | $5.7B | $27.5B |
| Debt / EquityLower = less leverage | 176.99× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $57.4M | $956.1M | ||
| Q3 25 | $34.7M | $1.0B | ||
| Q2 25 | $33.6M | $1.2B | ||
| Q1 25 | $26.3M | $1.1B | ||
| Q4 24 | $27.8M | $568.1M | ||
| Q3 24 | $20.3M | $620.9M | ||
| Q2 24 | $33.1M | $486.8M |
| 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 | — | $4.1B | ||
| Q4 25 | $21.3M | $4.0B | ||
| Q3 25 | $181.1M | $4.1B | ||
| Q2 25 | $375.5M | $3.8B | ||
| Q1 25 | $476.2M | $3.8B | ||
| Q4 24 | $202.7M | $2.8B | ||
| Q3 24 | $370.8M | $2.8B | ||
| Q2 24 | $394.8M | $2.5B |
| Q1 26 | — | $27.5B | ||
| Q4 25 | $5.7B | $27.7B | ||
| Q3 25 | $5.5B | $27.5B | ||
| Q2 25 | $4.4B | $27.6B | ||
| Q1 25 | $4.1B | $27.4B | ||
| Q4 24 | $2.4B | $18.7B | ||
| Q3 24 | $2.4B | $18.5B | ||
| Q2 24 | $2.5B | $18.1B |
| 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 | $-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.
| Q1 26 | — | — | ||
| Q4 25 | $-2.8M | $290.4M | ||
| Q3 25 | $-24.4M | $116.9M | ||
| Q2 25 | $-5.2M | $105.0M | ||
| Q1 25 | $-85.7M | $-26.4M | ||
| Q4 24 | $-8.1M | $211.0M | ||
| Q3 24 | $14.2M | $60.7M | ||
| Q2 24 | $-17.6M | $18.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-68.6M | $280.0M | ||
| Q3 25 | $-90.7M | $114.9M | ||
| Q2 25 | $-87.5M | $98.3M | ||
| Q1 25 | $-151.7M | $-30.7M | ||
| Q4 24 | $-34.3M | $200.7M | ||
| Q3 24 | $-11.7M | $56.9M | ||
| Q2 24 | $-32.1M | $17.3M |
| Q1 26 | — | — | ||
| Q4 25 | -47.8% | 105.4% | ||
| Q3 25 | -64.5% | 43.9% | ||
| Q2 25 | -71.6% | 37.7% | ||
| Q1 25 | -157.7% | -15.9% | ||
| Q4 24 | -42.4% | 123.2% | ||
| Q3 24 | -14.0% | 37.7% | ||
| Q2 24 | -37.9% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 45.9% | 3.9% | ||
| Q3 25 | 47.2% | 0.8% | ||
| Q2 25 | 67.3% | 2.6% | ||
| Q1 25 | 68.6% | 2.2% | ||
| Q4 24 | 32.5% | 6.3% | ||
| Q3 24 | 31.1% | 2.5% | ||
| Q2 24 | 17.2% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.19× | ||
| Q3 25 | — | 1.40× | ||
| Q2 25 | — | 1.83× | ||
| Q1 25 | -0.71× | — | ||
| Q4 24 | — | 4.25× | ||
| Q3 24 | — | 1.63× | ||
| Q2 24 | — | 0.63× |
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% |
WSBC
| Net Interest Income | $215.4M | 84% |
| Noninterest Income | $41.8M | 16% |
