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FTAI Infrastructure Inc.（FIP）与Fathom Holdings Inc.（FTHM）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Fathom Holdings Inc.的2.1倍（$188.4M vs $90.6M），Fathom Holdings Inc.净利率更高（-7.4% vs -79.7%，领先72.3%），FTAI Infrastructure Inc.同比增速更快（95.9% vs -1.2%），过去两年FTAI Infrastructure Inc.的营收复合增速更高（49.0% vs 13.4%）
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。
Fathom Holdings Inc.是一家总部位于美国的房地产科技与服务企业，为房产经纪人、经纪机构和消费者提供数字交易管理、按揭服务、产权保险、住宅经纪等一站式解决方案，业务覆盖美国大部分区域市场。
FIP vs FTHM — 直观对比
营收规模更大
FIP
是对方的2.1倍
$90.6M
营收增速更快
FIP
高出97.1%
-1.2%
净利率更高
FTHM
高出72.3%
-79.7%
两年增速更快
FIP
近两年复合增速
13.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $188.4M | $90.6M |
| 净利润 | $-150.2M | $-6.7M |
| 毛利率 | — | — |
| 营业利润率 | — | -5.2% |
| 净利率 | -79.7% | -7.4% |
| 营收同比 | 95.9% | -1.2% |
| 净利润同比 | -387.6% | -7.7% |
| 每股收益（稀释后） | $-1.32 | $-0.20 |
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FIPFTHM
| Q1 26 | $188.4M | — | ||
| Q4 25 | $143.5M | $90.6M | ||
| Q3 25 | $140.6M | $115.3M | ||
| Q2 25 | $122.3M | $121.4M | ||
| Q1 25 | $96.2M | $93.1M | ||
| Q4 24 | $80.8M | $91.7M | ||
| Q3 24 | $83.3M | $83.7M | ||
| Q2 24 | $84.9M | $89.2M |
净利润FIPFTHM
| Q1 26 | $-150.2M | — | ||
| Q4 25 | $-97.7M | $-6.7M | ||
| Q3 25 | $-104.5M | $-4.4M | ||
| Q2 25 | $-70.0M | $-3.6M | ||
| Q1 25 | $120.2M | $-5.6M | ||
| Q4 24 | $-124.7M | $-6.2M | ||
| Q3 24 | $-43.0M | $-8.1M | ||
| Q2 24 | $-48.1M | $-1.3M |
营业利润率FIPFTHM
| Q1 26 | — | — | ||
| Q4 25 | -45.7% | -5.2% | ||
| Q3 25 | -70.8% | -3.5% | ||
| Q2 25 | -56.4% | -2.0% | ||
| Q1 25 | 81.8% | -4.8% | ||
| Q4 24 | -152.7% | -7.0% | ||
| Q3 24 | -51.7% | -9.3% | ||
| Q2 24 | -56.4% | -4.1% |
净利率FIPFTHM
| Q1 26 | -79.7% | — | ||
| Q4 25 | -68.1% | -7.4% | ||
| Q3 25 | -74.4% | -3.8% | ||
| Q2 25 | -57.2% | -3.0% | ||
| Q1 25 | 125.0% | -6.1% | ||
| Q4 24 | -154.4% | -6.8% | ||
| Q3 24 | -51.6% | -9.7% | ||
| Q2 24 | -56.7% | -1.5% |
每股收益（稀释后）FIPFTHM
| Q1 26 | $-1.32 | — | ||
| Q4 25 | $-1.04 | $-0.20 | ||
| Q3 25 | $-1.38 | $-0.15 | ||
| Q2 25 | $-0.73 | $-0.13 | ||
| Q1 25 | $0.89 | $-0.24 | ||
| Q4 24 | $-1.21 | $-0.29 | ||
| Q3 24 | $-0.45 | $-0.40 | ||
| Q2 24 | $-0.52 | $-0.07 |
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 | $5.8M |
| 总债务越低越好 | — | $5.6M |
| 股东权益账面价值 | $-122.5K | $37.4M |
| 总资产 | $5.7B | $78.0M |
| 负债/权益比越低杠杆越低 | — | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资FIPFTHM
| Q1 26 | $37.9M | — | ||
| Q4 25 | $57.4M | $5.8M | ||
| Q3 25 | $34.7M | $9.8M | ||
| Q2 25 | $33.6M | $4.9M | ||
| Q1 25 | $26.3M | $8.0M | ||
| Q4 24 | $27.8M | $7.1M | ||
| Q3 24 | $20.3M | $13.1M | ||
| Q2 24 | $33.1M | $10.4M |
总债务FIPFTHM
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | $5.6M | ||
| Q3 25 | $3.7B | $5.1M | ||
| Q2 25 | $3.1B | $5.1M | ||
| Q1 25 | $2.8B | $5.1M | ||
| Q4 24 | $1.6B | $9.5M | ||
| Q3 24 | $1.5B | $8.8M | ||
| Q2 24 | $1.6B | $3.6M |
股东权益FIPFTHM
| Q1 26 | $-122.5K | — | ||
| Q4 25 | $21.3M | $37.4M | ||
| Q3 25 | $181.1M | $43.4M | ||
| Q2 25 | $375.5M | $40.7M | ||
| Q1 25 | $476.2M | $43.4M | ||
| Q4 24 | $202.7M | $44.7M | ||
| Q3 24 | $370.8M | $47.1M | ||
| Q2 24 | $394.8M | $53.1M |
总资产FIPFTHM
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.7B | $78.0M | ||
| Q3 25 | $5.5B | $83.2M | ||
| Q2 25 | $4.4B | $80.4M | ||
| Q1 25 | $4.1B | $81.0M | ||
| Q4 24 | $2.4B | $75.4M | ||
| Q3 24 | $2.4B | $80.9M | ||
| Q2 24 | $2.5B | $80.2M |
负债/权益比FIPFTHM
| Q1 26 | — | — | ||
| Q4 25 | 176.99× | 0.15× | ||
| Q3 25 | 20.59× | 0.12× | ||
| Q2 25 | 8.21× | 0.12× | ||
| Q1 25 | 5.79× | 0.12× | ||
| Q4 24 | 7.84× | 0.21× | ||
| Q3 24 | 4.14× | 0.19× | ||
| Q2 24 | 3.94× | 0.07× |
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 | $-69.4M | $-20.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-20.7M |
| 自由现金流率自由现金流/营收 | — | -22.8% |
| 资本支出强度资本支出/营收 | — | 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 | — | $-29.4M |
8季度趋势，按日历期对齐
经营现金流FIPFTHM
| Q1 26 | $-69.4M | — | ||
| Q4 25 | $-2.8M | $-20.5M | ||
| Q3 25 | $-24.4M | $3.0M | ||
| Q2 25 | $-5.2M | $-5.9M | ||
| Q1 25 | $-85.7M | $-5.7M | ||
| Q4 24 | $-8.1M | $-4.7M | ||
| Q3 24 | $14.2M | $-330.0K | ||
| Q2 24 | $-17.6M | $-3.1M |
自由现金流FIPFTHM
| Q1 26 | — | — | ||
| Q4 25 | $-68.6M | $-20.7M | ||
| Q3 25 | $-90.7M | $3.0M | ||
| Q2 25 | $-87.5M | $-6.0M | ||
| Q1 25 | $-151.7M | $-5.8M | ||
| Q4 24 | $-34.3M | $-4.7M | ||
| Q3 24 | $-11.7M | $-364.0K | ||
| Q2 24 | $-32.1M | $-3.1M |
自由现金流率FIPFTHM
| Q1 26 | — | — | ||
| Q4 25 | -47.8% | -22.8% | ||
| Q3 25 | -64.5% | 2.6% | ||
| Q2 25 | -71.6% | -4.9% | ||
| Q1 25 | -157.7% | -6.2% | ||
| Q4 24 | -42.4% | -5.2% | ||
| Q3 24 | -14.0% | -0.4% | ||
| Q2 24 | -37.9% | -3.5% |
资本支出强度FIPFTHM
| Q1 26 | — | — | ||
| Q4 25 | 45.9% | 0.1% | ||
| Q3 25 | 47.2% | 0.0% | ||
| Q2 25 | 67.3% | 0.0% | ||
| Q1 25 | 68.6% | 0.0% | ||
| Q4 24 | 32.5% | 0.1% | ||
| Q3 24 | 31.1% | 0.0% | ||
| Q2 24 | 17.2% | 0.0% |
现金转化率FIPFTHM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| 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
业务分部营收拆解
FIP
暂无分部数据
FTHM
| Real Estate Brokerage | $84.9M | 94% |
| Mortgage Segment | $3.4M | 4% |
| Other | $2.3M | 3% |
