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FTAI Infrastructure Inc.（FIP）与化石集团（FOSL）财务数据对比。点击上方公司名可切换其他公司
化石集团的季度营收约是FTAI Infrastructure Inc.的1.9倍（$270.2M vs $143.5M），化石集团净利率更高（-14.8% vs -68.1%，领先53.3%），FTAI Infrastructure Inc.同比增速更快（77.7% vs -21.1%），化石集团自由现金流更多（$-22.5M vs $-68.6M），过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% vs -11.4%）
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。
化石集团是1984年成立的美国时尚设计制造企业，总部位于得克萨斯州理查森。集团旗下拥有Fossil、Relic、Michele Watch、Skagen、Zodiac Watches等多个品牌，同时也为宝马、彪马、阿玛尼、迈克高仕、DKNY等多个知名品牌代工生产授权配饰。
FIP vs FOSL — 直观对比
营收规模更大
FOSL
是对方的1.9倍
$143.5M
营收增速更快
FIP
高出98.8%
-21.1%
净利率更高
FOSL
高出53.3%
-68.1%
自由现金流更多
FOSL
多$46.1M
$-68.6M
两年增速更快
FIP
近两年复合增速
-11.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $143.5M | $270.2M |
| 净利润 | $-97.7M | $-40.0M |
| 毛利率 | — | 49.0% |
| 营业利润率 | -45.7% | -8.0% |
| 净利率 | -68.1% | -14.8% |
| 营收同比 | 77.7% | -21.1% |
| 净利润同比 | 21.6% | -257.8% |
| 每股收益（稀释后） | $-1.04 | $-0.76 |
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FIPFOSL
| Q4 25 | $143.5M | $270.2M | ||
| Q3 25 | $140.6M | $220.4M | ||
| Q2 25 | $122.3M | $233.3M | ||
| Q1 25 | $96.2M | — | ||
| Q4 24 | $80.8M | $342.3M | ||
| Q3 24 | $83.3M | $287.8M | ||
| Q2 24 | $84.9M | $260.0M | ||
| Q1 24 | $82.5M | $254.9M |
净利润FIPFOSL
| Q4 25 | $-97.7M | $-40.0M | ||
| Q3 25 | $-104.5M | $-2.1M | ||
| Q2 25 | $-70.0M | $-17.9M | ||
| Q1 25 | $120.2M | — | ||
| Q4 24 | $-124.7M | $-11.2M | ||
| Q3 24 | $-43.0M | $-31.9M | ||
| Q2 24 | $-48.1M | $-38.8M | ||
| Q1 24 | $-50.3M | $-24.3M |
毛利率FIPFOSL
| Q4 25 | — | 49.0% | ||
| Q3 25 | — | 57.5% | ||
| Q2 25 | — | 61.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 53.9% | ||
| Q3 24 | — | 49.4% | ||
| Q2 24 | — | 52.6% | ||
| Q1 24 | — | 52.4% |
营业利润率FIPFOSL
| Q4 25 | -45.7% | -8.0% | ||
| Q3 25 | -70.8% | 3.9% | ||
| Q2 25 | -56.4% | -2.9% | ||
| Q1 25 | 81.8% | — | ||
| Q4 24 | -152.7% | -4.8% | ||
| Q3 24 | -51.7% | -8.5% | ||
| Q2 24 | -56.4% | -13.1% | ||
| Q1 24 | -58.8% | -11.5% |
净利率FIPFOSL
| Q4 25 | -68.1% | -14.8% | ||
| Q3 25 | -74.4% | -1.0% | ||
| Q2 25 | -57.2% | -7.7% | ||
| Q1 25 | 125.0% | — | ||
| Q4 24 | -154.4% | -3.3% | ||
| Q3 24 | -51.6% | -11.1% | ||
| Q2 24 | -56.7% | -14.9% | ||
| Q1 24 | -60.9% | -9.5% |
每股收益（稀释后）FIPFOSL
| Q4 25 | $-1.04 | $-0.76 | ||
| Q3 25 | $-1.38 | $-0.04 | ||
| Q2 25 | $-0.73 | $-0.33 | ||
| Q1 25 | $0.89 | — | ||
| Q4 24 | $-1.21 | $-0.15 | ||
| Q3 24 | $-0.45 | $-0.60 | ||
| Q2 24 | $-0.52 | $-0.73 | ||
| Q1 24 | $-0.54 | $-0.46 |
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 | $57.4M | $79.2M |
| 总债务越低越好 | $3.8B | $169.1M |
| 股东权益账面价值 | $21.3M | $112.6M |
| 总资产 | $5.7B | $701.0M |
| 负债/权益比越低杠杆越低 | 176.99× | 1.50× |
8季度趋势，按日历期对齐
现金及短期投资FIPFOSL
| Q4 25 | $57.4M | $79.2M | ||
| Q3 25 | $34.7M | $109.9M | ||
| Q2 25 | $33.6M | $78.3M | ||
| Q1 25 | $26.3M | — | ||
| Q4 24 | $27.8M | $123.6M | ||
| Q3 24 | $20.3M | $106.3M | ||
| Q2 24 | $33.1M | $104.9M | ||
| Q1 24 | $23.0M | $112.9M |
总债务FIPFOSL
| Q4 25 | $3.8B | $169.1M | ||
| Q3 25 | $3.7B | $165.6M | ||
| Q2 25 | $3.1B | $167.2M | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $1.6B | $162.7M | ||
| Q3 24 | $1.5B | $173.4M | ||
| Q2 24 | $1.6B | $156.5M | ||
| Q1 24 | $1.3B | $202.9M |
股东权益FIPFOSL
| Q4 25 | $21.3M | $112.6M | ||
| Q3 25 | $181.1M | $150.3M | ||
| Q2 25 | $375.5M | $140.6M | ||
| Q1 25 | $476.2M | — | ||
| Q4 24 | $202.7M | $148.7M | ||
| Q3 24 | $370.8M | $164.4M | ||
| Q2 24 | $394.8M | $189.6M | ||
| Q1 24 | $402.5M | $229.1M |
总资产FIPFOSL
| Q4 25 | $5.7B | $701.0M | ||
| Q3 25 | $5.5B | $704.5M | ||
| Q2 25 | $4.4B | $686.0M | ||
| Q1 25 | $4.1B | — | ||
| Q4 24 | $2.4B | $763.6M | ||
| Q3 24 | $2.4B | $812.4M | ||
| Q2 24 | $2.5B | $785.7M | ||
| Q1 24 | $2.3B | $891.0M |
负债/权益比FIPFOSL
| Q4 25 | 176.99× | 1.50× | ||
| Q3 25 | 20.59× | 1.10× | ||
| Q2 25 | 8.21× | 1.19× | ||
| Q1 25 | 5.79× | — | ||
| Q4 24 | 7.84× | 1.09× | ||
| Q3 24 | 4.14× | 1.06× | ||
| Q2 24 | 3.94× | 0.83× | ||
| Q1 24 | 3.34× | 0.89× |
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 | $-2.8M | $-22.2M |
| 自由现金流经营现金流 - 资本支出 | $-68.6M | $-22.5M |
| 自由现金流率自由现金流/营收 | -47.8% | -8.3% |
| 资本支出强度资本支出/营收 | 45.9% | 0.1% |
| 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 | $-398.5M | $-46.0M |
8季度趋势，按日历期对齐
经营现金流FIPFOSL
| Q4 25 | $-2.8M | $-22.2M | ||
| Q3 25 | $-24.4M | $9.4M | ||
| Q2 25 | $-5.2M | $-60.4M | ||
| Q1 25 | $-85.7M | — | ||
| Q4 24 | $-8.1M | $30.5M | ||
| Q3 24 | $14.2M | $-22.8M | ||
| Q2 24 | $-17.6M | $38.4M | ||
| Q1 24 | $-3.9M | $622.0K |
自由现金流FIPFOSL
| Q4 25 | $-68.6M | $-22.5M | ||
| Q3 25 | $-90.7M | $8.6M | ||
| Q2 25 | $-87.5M | $-60.6M | ||
| Q1 25 | $-151.7M | — | ||
| Q4 24 | $-34.3M | $28.5M | ||
| Q3 24 | $-11.7M | $-24.1M | ||
| Q2 24 | $-32.1M | $36.6M | ||
| Q1 24 | $-16.7M | $-1.1M |
自由现金流率FIPFOSL
| Q4 25 | -47.8% | -8.3% | ||
| Q3 25 | -64.5% | 3.9% | ||
| Q2 25 | -71.6% | -26.0% | ||
| Q1 25 | -157.7% | — | ||
| Q4 24 | -42.4% | 8.3% | ||
| Q3 24 | -14.0% | -8.4% | ||
| Q2 24 | -37.9% | 14.1% | ||
| Q1 24 | -20.3% | -0.4% |
资本支出强度FIPFOSL
| Q4 25 | 45.9% | 0.1% | ||
| Q3 25 | 47.2% | 0.4% | ||
| Q2 25 | 67.3% | 0.1% | ||
| Q1 25 | 68.6% | — | ||
| Q4 24 | 32.5% | 0.6% | ||
| Q3 24 | 31.1% | 0.4% | ||
| Q2 24 | 17.2% | 0.7% | ||
| Q1 24 | 15.6% | 0.7% |
现金转化率FIPFOSL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.71× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
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% |
FOSL
| Transferred At Point In Time | $109.7M | 41% |
| Traditional Watches | $91.3M | 34% |
| Other | $50.8M | 19% |
| Leathers | $9.5M | 4% |
| Jewelry | $4.0M | 1% |
| Smartwatches | $3.3M | 1% |
| Products Other | $1.6M | 1% |
