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American Bitcoin Corp.（ABTC）与FTAI Infrastructure Inc.（FIP）财务数据对比。点击上方公司名可切换其他公司
FTAI Infrastructure Inc.的季度营收约是American Bitcoin Corp.的1.6倍（$188.4M vs $118.0M），American Bitcoin Corp.同比增速更快（151.5% vs 95.9%），过去两年American Bitcoin Corp.的营收复合增速更高（296.9% vs 49.0%）
美国比特币公司专注于比特币相关业务领域。比特币是首个去中心化加密货币，由化名为中本聪的匿名人士于2008年发布白皮书后诞生，2009年随着开源代码上线正式投入使用，问世以来对全球金融与数字货币领域都产生了极为深远的影响。
FTAI基础设施有限公司持有、运营并投资交通物流、中游能源、发电等核心领域的优质关键基础设施资产，主要面向北美市场，聚焦拥有稳定长期现金流、合同约定收入流的项目，为利益相关方创造可持续回报。
ABTC vs FIP — 直观对比
营收规模更大
FIP
是对方的1.6倍
$118.0M
营收增速更快
ABTC
高出55.6%
95.9%
两年增速更快
ABTC
近两年复合增速
49.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $118.0M | $188.4M |
| 净利润 | — | $-150.2M |
| 毛利率 | 49.1% | — |
| 营业利润率 | -192.8% | — |
| 净利率 | — | -79.7% |
| 营收同比 | 151.5% | 95.9% |
| 净利润同比 | — | -387.6% |
| 每股收益（稀释后） | $-0.07 | $-1.32 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ABTCFIP
| Q1 26 | — | $188.4M | ||
| Q4 25 | $118.0M | $143.5M | ||
| Q3 25 | $64.2M | $140.6M | ||
| Q2 25 | $1.4M | $122.3M | ||
| Q1 25 | $1.6M | $96.2M | ||
| Q4 24 | $46.9M | $80.8M | ||
| Q3 24 | $11.6M | $83.3M | ||
| Q2 24 | $5.5M | $84.9M |
净利润ABTCFIP
| Q1 26 | — | $-150.2M | ||
| Q4 25 | — | $-97.7M | ||
| Q3 25 | $3.5M | $-104.5M | ||
| Q2 25 | $3.4M | $-70.0M | ||
| Q1 25 | $-100.6M | $120.2M | ||
| Q4 24 | — | $-124.7M | ||
| Q3 24 | $-576.0K | $-43.0M | ||
| Q2 24 | $-61.1M | $-48.1M |
毛利率ABTCFIP
| Q1 26 | — | — | ||
| Q4 25 | 49.1% | — | ||
| Q3 25 | 56.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 57.9% | — | ||
| Q3 24 | 4.2% | — | ||
| Q2 24 | 31.0% | — |
营业利润率ABTCFIP
| Q1 26 | — | — | ||
| Q4 25 | -192.8% | -45.7% | ||
| Q3 25 | 11.2% | -70.8% | ||
| Q2 25 | -162.1% | -56.4% | ||
| Q1 25 | -350.8% | 81.8% | ||
| Q4 24 | — | -152.7% | ||
| Q3 24 | -87.8% | -51.7% | ||
| Q2 24 | -106.4% | -56.4% |
净利率ABTCFIP
| Q1 26 | — | -79.7% | ||
| Q4 25 | — | -68.1% | ||
| Q3 25 | 5.4% | -74.4% | ||
| Q2 25 | 249.2% | -57.2% | ||
| Q1 25 | -6458.5% | 125.0% | ||
| Q4 24 | — | -154.4% | ||
| Q3 24 | -5.0% | -51.6% | ||
| Q2 24 | -1107.2% | -56.7% |
每股收益（稀释后）ABTCFIP
| Q1 26 | — | $-1.32 | ||
| Q4 25 | $-0.07 | $-1.04 | ||
| Q3 25 | $0.06 | $-1.38 | ||
| Q2 25 | $-0.07 | $-0.73 | ||
| Q1 25 | $-0.09 | $0.89 | ||
| Q4 24 | $1.10 | $-1.21 | ||
| Q3 24 | $-0.15 | $-0.45 | ||
| Q2 24 | $-0.10 | $-0.52 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $37.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $665.8M | $-122.5K |
| 总资产 | $1.2B | $5.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ABTCFIP
| Q1 26 | — | $37.9M | ||
| Q4 25 | — | $57.4M | ||
| Q3 25 | — | $34.7M | ||
| Q2 25 | $750.0K | $33.6M | ||
| Q1 25 | $367.0K | $26.3M | ||
| Q4 24 | $850.0K | $27.8M | ||
| Q3 24 | $478.0K | $20.3M | ||
| Q2 24 | $1.4M | $33.1M |
总债务ABTCFIP
| 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 |
股东权益ABTCFIP
| Q1 26 | — | $-122.5K | ||
| Q4 25 | $665.8M | $21.3M | ||
| Q3 25 | $575.5M | $181.1M | ||
| Q2 25 | $339.7M | $375.5M | ||
| Q1 25 | $115.8M | $476.2M | ||
| Q4 24 | $1.0B | $202.7M | ||
| Q3 24 | $697.5M | $370.8M | ||
| Q2 24 | $614.3M | $394.8M |
总资产ABTCFIP
| Q1 26 | — | $5.7B | ||
| Q4 25 | $1.2B | $5.7B | ||
| Q3 25 | $1.2B | $5.5B | ||
| Q2 25 | $6.2M | $4.4B | ||
| Q1 25 | $9.0M | $4.1B | ||
| Q4 24 | $1.1B | $2.4B | ||
| Q3 24 | $7.5M | $2.4B | ||
| Q2 24 | $11.4M | $2.5B |
负债/权益比ABTCFIP
| 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× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-79.6M | $-69.4M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ABTCFIP
| Q1 26 | — | $-69.4M | ||
| Q4 25 | $-79.6M | $-2.8M | ||
| Q3 25 | $-39.0M | $-24.4M | ||
| Q2 25 | $-879.0K | $-5.2M | ||
| Q1 25 | $-3.2M | $-85.7M | ||
| Q4 24 | $-54.0M | $-8.1M | ||
| Q3 24 | $-76.8M | $14.2M | ||
| Q2 24 | $201.0K | $-17.6M |
自由现金流ABTCFIP
| Q1 26 | — | — | ||
| Q4 25 | — | $-68.6M | ||
| Q3 25 | — | $-90.7M | ||
| Q2 25 | $-1.4M | $-87.5M | ||
| Q1 25 | — | $-151.7M | ||
| Q4 24 | $-60.6M | $-34.3M | ||
| Q3 24 | $-79.3M | $-11.7M | ||
| Q2 24 | $-874.0K | $-32.1M |
自由现金流率ABTCFIP
| Q1 26 | — | — | ||
| Q4 25 | — | -47.8% | ||
| Q3 25 | — | -64.5% | ||
| Q2 25 | -104.4% | -71.6% | ||
| Q1 25 | — | -157.7% | ||
| Q4 24 | -129.2% | -42.4% | ||
| Q3 24 | -683.2% | -14.0% | ||
| Q2 24 | -15.8% | -37.9% |
资本支出强度ABTCFIP
| Q1 26 | — | — | ||
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 47.2% | ||
| Q2 25 | 40.5% | 67.3% | ||
| Q1 25 | — | 68.6% | ||
| Q4 24 | 14.1% | 32.5% | ||
| Q3 24 | 21.6% | 31.1% | ||
| Q2 24 | 19.5% | 17.2% |
现金转化率ABTCFIP
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -11.21× | — | ||
| Q2 25 | -0.26× | — | ||
| Q1 25 | — | -0.71× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
