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加拿大国家铁路（CP）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
加拿大国家铁路的季度营收约是FTAI Infrastructure Inc.的19.8倍（$2.8B vs $143.5M）。加拿大国家铁路净利率更高（27.7% vs -68.1%，领先95.7%）。FTAI Infrastructure Inc.同比增速更快（77.7% vs 1.3%）。加拿大国家铁路自由现金流更多（$537.3M vs $-68.6M）。过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% vs 5.6%）
加拿大国家铁路是加拿大一级货运铁路企业，总部位于魁北克省蒙特利尔市，业务覆盖加拿大全境及美国中西部、南部区域，是加拿大两大主力货运铁路运营商之一，与加拿大太平洋堪萨斯城铁路公司齐名。
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。
CP vs FIP — 直观对比
营收规模更大
CP
是对方的19.8倍
$143.5M
营收增速更快
FIP
高出76.4%
1.3%
净利率更高
CP
高出95.7%
-68.1%
自由现金流更多
CP
多$605.9M
$-68.6M
两年增速更快
FIP
近两年复合增速
5.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $143.5M |
| 净利润 | $786.2M | $-97.7M |
| 毛利率 | — | — |
| 营业利润率 | 41.4% | -45.7% |
| 净利率 | 27.7% | -68.1% |
| 营收同比 | 1.3% | 77.7% |
| 净利润同比 | -10.3% | 21.6% |
| 每股收益（稀释后） | — | $-1.04 |
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CPFIP
| Q4 25 | $2.8B | $143.5M | ||
| Q3 25 | $2.7B | $140.6M | ||
| Q2 25 | $2.7B | $122.3M | ||
| Q1 25 | $2.8B | $96.2M | ||
| Q4 24 | $2.8B | $80.8M | ||
| Q3 24 | $2.6B | $83.3M | ||
| Q2 24 | $2.6B | $84.9M | ||
| Q1 24 | $2.5B | $82.5M |
净利润CPFIP
| Q4 25 | $786.2M | $-97.7M | ||
| Q3 25 | $671.6M | $-104.5M | ||
| Q2 25 | $900.8M | $-70.0M | ||
| Q1 25 | $664.3M | $120.2M | ||
| Q4 24 | $876.7M | $-124.7M | ||
| Q3 24 | $611.0M | $-43.0M | ||
| Q2 24 | $660.6M | $-48.1M | ||
| Q1 24 | $565.8M | $-50.3M |
营业利润率CPFIP
| Q4 25 | 41.4% | -45.7% | ||
| Q3 25 | 36.8% | -70.8% | ||
| Q2 25 | 36.6% | -56.4% | ||
| Q1 25 | 35.0% | 81.8% | ||
| Q4 24 | 40.6% | -152.7% | ||
| Q3 24 | 34.3% | -51.7% | ||
| Q2 24 | 35.4% | -56.4% | ||
| Q1 24 | 32.9% | -58.8% |
净利率CPFIP
| Q4 25 | 27.7% | -68.1% | ||
| Q3 25 | 25.3% | -74.4% | ||
| Q2 25 | 33.6% | -57.2% | ||
| Q1 25 | 24.2% | 125.0% | ||
| Q4 24 | 31.2% | -154.4% | ||
| Q3 24 | 23.9% | -51.6% | ||
| Q2 24 | 25.3% | -56.7% | ||
| Q1 24 | 22.2% | -60.9% |
每股收益（稀释后）CPFIP
| Q4 25 | — | $-1.04 | ||
| Q3 25 | — | $-1.38 | ||
| Q2 25 | — | $-0.73 | ||
| Q1 25 | — | $0.89 | ||
| Q4 24 | — | $-1.21 | ||
| Q3 24 | — | $-0.45 | ||
| Q2 24 | — | $-0.52 | ||
| Q1 24 | — | $-0.54 |
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 | $134.3M | $57.4M |
| 总债务越低越好 | $14.6B | $3.8B |
| 股东权益账面价值 | $33.5B | $21.3M |
| 总资产 | $62.7B | $5.7B |
| 负债/权益比越低杠杆越低 | 0.43× | 176.99× |
8季度趋势，按日历期对齐
现金及短期投资CPFIP
| Q4 25 | $134.3M | $57.4M | ||
| Q3 25 | $300.0M | $34.7M | ||
| Q2 25 | $583.3M | $33.6M | ||
| Q1 25 | $507.4M | $26.3M | ||
| Q4 24 | $539.5M | $27.8M | ||
| Q3 24 | $338.0M | $20.3M | ||
| Q2 24 | $406.6M | $33.1M | ||
| Q1 24 | $378.9M | $23.0M |
总债务CPFIP
| Q4 25 | $14.6B | $3.8B | ||
| Q3 25 | $15.8B | $3.7B | ||
| Q2 25 | $15.5B | $3.1B | ||
| Q1 25 | $15.4B | $2.8B | ||
| Q4 24 | $14.5B | $1.6B | ||
| Q3 24 | $13.7B | $1.5B | ||
| Q2 24 | $13.8B | $1.6B | ||
| Q1 24 | $13.7B | $1.3B |
股东权益CPFIP
| Q4 25 | $33.5B | $21.3M | ||
| Q3 25 | $33.4B | $181.1M | ||
| Q2 25 | $33.7B | $375.5M | ||
| Q1 25 | $35.2B | $476.2M | ||
| Q4 24 | $35.0B | $202.7M | ||
| Q3 24 | $32.2B | $370.8M | ||
| Q2 24 | $32.0B | $394.8M | ||
| Q1 24 | $31.3B | $402.5M |
总资产CPFIP
| Q4 25 | $62.7B | $5.7B | ||
| Q3 25 | $63.3B | $5.5B | ||
| Q2 25 | $62.2B | $4.4B | ||
| Q1 25 | $64.3B | $4.1B | ||
| Q4 24 | $64.1B | $2.4B | ||
| Q3 24 | $60.0B | $2.4B | ||
| Q2 24 | $60.4B | $2.5B | ||
| Q1 24 | $59.6B | $2.3B |
负债/权益比CPFIP
| Q4 25 | 0.43× | 176.99× | ||
| Q3 25 | 0.47× | 20.59× | ||
| Q2 25 | 0.46× | 8.21× | ||
| Q1 25 | 0.44× | 5.79× | ||
| Q4 24 | 0.41× | 7.84× | ||
| Q3 24 | 0.42× | 4.14× | ||
| Q2 24 | 0.43× | 3.94× | ||
| Q1 24 | 0.44× | 3.34× |
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 | $1.1B | $-2.8M |
| 自由现金流经营现金流 - 资本支出 | $537.3M | $-68.6M |
| 自由现金流率自由现金流/营收 | 18.9% | -47.8% |
| 资本支出强度资本支出/营收 | 20.2% | 45.9% |
| 现金转化率经营现金流/净利润 | 1.42× | — |
| 过去12个月自由现金流最近4个季度 | $1.6B | $-398.5M |
8季度趋势，按日历期对齐
经营现金流CPFIP
| Q4 25 | $1.1B | $-2.8M | ||
| Q3 25 | $930.0M | $-24.4M | ||
| Q2 25 | $989.1M | $-5.2M | ||
| Q1 25 | $843.9M | $-85.7M | ||
| Q4 24 | $1.2B | $-8.1M | ||
| Q3 24 | $928.6M | $14.2M | ||
| Q2 24 | $932.9M | $-17.6M | ||
| Q1 24 | $741.0M | $-3.9M |
自由现金流CPFIP
| Q4 25 | $537.3M | $-68.6M | ||
| Q3 25 | $302.2M | $-90.7M | ||
| Q2 25 | $446.8M | $-87.5M | ||
| Q1 25 | $324.9M | $-151.7M | ||
| Q4 24 | $702.3M | $-34.3M | ||
| Q3 24 | $382.5M | $-11.7M | ||
| Q2 24 | $343.1M | $-32.1M | ||
| Q1 24 | $356.2M | $-16.7M |
自由现金流率CPFIP
| Q4 25 | 18.9% | -47.8% | ||
| Q3 25 | 11.4% | -64.5% | ||
| Q2 25 | 16.7% | -71.6% | ||
| Q1 25 | 11.8% | -157.7% | ||
| Q4 24 | 25.0% | -42.4% | ||
| Q3 24 | 15.0% | -14.0% | ||
| Q2 24 | 13.1% | -37.9% | ||
| Q1 24 | 14.0% | -20.3% |
资本支出强度CPFIP
| Q4 25 | 20.2% | 45.9% | ||
| Q3 25 | 23.7% | 47.2% | ||
| Q2 25 | 20.2% | 67.3% | ||
| Q1 25 | 18.9% | 68.6% | ||
| Q4 24 | 19.3% | 32.5% | ||
| Q3 24 | 21.4% | 31.1% | ||
| Q2 24 | 22.6% | 17.2% | ||
| Q1 24 | 15.1% | 15.6% |
现金转化率CPFIP
| Q4 25 | 1.42× | — | ||
| Q3 25 | 1.38× | — | ||
| Q2 25 | 1.10× | — | ||
| Q1 25 | 1.27× | -0.71× | ||
| Q4 24 | 1.42× | — | ||
| Q3 24 | 1.52× | — | ||
| Q2 24 | 1.41× | — | ||
| Q1 24 | 1.31× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CP
暂无分部数据
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% |
