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FTAI Infrastructure Inc.（FIP）与GCM Grosvenor Inc.（GCMG）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GCM Grosvenor Inc.的1.1倍（$188.4M vs $177.1M），GCM Grosvenor Inc.净利率更高（32.8% vs -79.7%，领先112.6%），FTAI Infrastructure Inc.同比增速更快（95.9% vs 7.2%），过去两年FTAI Infrastructure Inc.的营收复合增速更高（49.0% vs 27.5%）
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。
GCM Grosvenor是美国头部另类资产管理机构，截至2023年资产管理规模约760亿美元，拥有约530名专业人士，为全球机构及个人投资者提供定制化另类投资解决方案，覆盖私募股权、对冲基金、房地产、基础设施等多元资产类别。
FIP vs GCMG — 直观对比
营收规模更大
FIP
是对方的1.1倍
$177.1M
营收增速更快
FIP
高出88.7%
7.2%
净利率更高
GCMG
高出112.6%
-79.7%
两年增速更快
FIP
近两年复合增速
27.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $188.4M | $177.1M |
| 净利润 | $-150.2M | $58.2M |
| 毛利率 | — | — |
| 营业利润率 | — | 30.9% |
| 净利率 | -79.7% | 32.8% |
| 营收同比 | 95.9% | 7.2% |
| 净利润同比 | -387.6% | 149.2% |
| 每股收益（稀释后） | $-1.32 | $0.23 |
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FIPGCMG
| Q1 26 | $188.4M | — | ||
| Q4 25 | $143.5M | $177.1M | ||
| Q3 25 | $140.6M | $135.0M | ||
| Q2 25 | $122.3M | $119.7M | ||
| Q1 25 | $96.2M | $125.8M | ||
| Q4 24 | $80.8M | $165.3M | ||
| Q3 24 | $83.3M | $122.9M | ||
| Q2 24 | $84.9M | $117.0M |
净利润FIPGCMG
| Q1 26 | $-150.2M | — | ||
| Q4 25 | $-97.7M | $58.2M | ||
| Q3 25 | $-104.5M | $10.5M | ||
| Q2 25 | $-70.0M | $15.4M | ||
| Q1 25 | $120.2M | $463.0K | ||
| Q4 24 | $-124.7M | $7.6M | ||
| Q3 24 | $-43.0M | $4.2M | ||
| Q2 24 | $-48.1M | $4.8M |
营业利润率FIPGCMG
| Q1 26 | — | — | ||
| Q4 25 | -45.7% | 30.9% | ||
| Q3 25 | -70.8% | 32.7% | ||
| Q2 25 | -56.4% | 16.1% | ||
| Q1 25 | 81.8% | 12.2% | ||
| Q4 24 | -152.7% | 26.4% | ||
| Q3 24 | -51.7% | 20.3% | ||
| Q2 24 | -56.4% | 17.8% |
净利率FIPGCMG
| Q1 26 | -79.7% | — | ||
| Q4 25 | -68.1% | 32.8% | ||
| Q3 25 | -74.4% | 7.8% | ||
| Q2 25 | -57.2% | 12.9% | ||
| Q1 25 | 125.0% | 0.4% | ||
| Q4 24 | -154.4% | 4.6% | ||
| Q3 24 | -51.6% | 3.4% | ||
| Q2 24 | -56.7% | 4.1% |
每股收益（稀释后）FIPGCMG
| Q1 26 | $-1.32 | — | ||
| Q4 25 | $-1.04 | $0.23 | ||
| Q3 25 | $-1.38 | $0.16 | ||
| Q2 25 | $-0.73 | $0.05 | ||
| Q1 25 | $0.89 | $-0.02 | ||
| Q4 24 | $-1.21 | $0.09 | ||
| Q3 24 | $-0.45 | $0.03 | ||
| Q2 24 | $-0.52 | $0.04 |
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 | $242.1M |
| 总债务越低越好 | — | $428.4M |
| 股东权益账面价值 | $-122.5K | $27.0M |
| 总资产 | $5.7B | $813.8M |
| 负债/权益比越低杠杆越低 | — | 15.87× |
8季度趋势，按日历期对齐
现金及短期投资FIPGCMG
| Q1 26 | $37.9M | — | ||
| Q4 25 | $57.4M | $242.1M | ||
| Q3 25 | $34.7M | $182.7M | ||
| Q2 25 | $33.6M | $136.3M | ||
| Q1 25 | $26.3M | $94.5M | ||
| Q4 24 | $27.8M | $89.5M | ||
| Q3 24 | $20.3M | $98.4M | ||
| Q2 24 | $33.1M | $73.9M |
总债务FIPGCMG
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | $428.4M | ||
| Q3 25 | $3.7B | $429.3M | ||
| Q2 25 | $3.1B | $430.2M | ||
| Q1 25 | $2.8B | $431.1M | ||
| Q4 24 | $1.6B | $432.0M | ||
| Q3 24 | $1.5B | $432.9M | ||
| Q2 24 | $1.6B | $433.8M |
股东权益FIPGCMG
| Q1 26 | $-122.5K | — | ||
| Q4 25 | $21.3M | $27.0M | ||
| Q3 25 | $181.1M | $-7.4M | ||
| Q2 25 | $375.5M | $-12.3M | ||
| Q1 25 | $476.2M | $-28.3M | ||
| Q4 24 | $202.7M | $-27.6M | ||
| Q3 24 | $370.8M | $-31.9M | ||
| Q2 24 | $394.8M | $-28.5M |
总资产FIPGCMG
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.7B | $813.8M | ||
| Q3 25 | $5.5B | $685.9M | ||
| Q2 25 | $4.4B | $636.9M | ||
| Q1 25 | $4.1B | $579.8M | ||
| Q4 24 | $2.4B | $612.7M | ||
| Q3 24 | $2.4B | $575.0M | ||
| Q2 24 | $2.5B | $543.9M |
负债/权益比FIPGCMG
| Q1 26 | — | — | ||
| Q4 25 | 176.99× | 15.87× | ||
| 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 | $-69.4M | $183.5M |
| 自由现金流经营现金流 - 资本支出 | — | $175.0M |
| 自由现金流率自由现金流/营收 | — | 98.8% |
| 资本支出强度资本支出/营收 | — | 4.8% |
| 现金转化率经营现金流/净利润 | — | 3.16× |
| 过去12个月自由现金流最近4个季度 | — | $326.2M |
8季度趋势，按日历期对齐
经营现金流FIPGCMG
| Q1 26 | $-69.4M | — | ||
| Q4 25 | $-2.8M | $183.5M | ||
| Q3 25 | $-24.4M | $79.8M | ||
| Q2 25 | $-5.2M | $42.0M | ||
| Q1 25 | $-85.7M | $33.3M | ||
| Q4 24 | $-8.1M | $148.8M | ||
| Q3 24 | $14.2M | $69.0M | ||
| Q2 24 | $-17.6M | $17.5M |
自由现金流FIPGCMG
| Q1 26 | — | — | ||
| Q4 25 | $-68.6M | $175.0M | ||
| Q3 25 | $-90.7M | $78.3M | ||
| Q2 25 | $-87.5M | $40.8M | ||
| Q1 25 | $-151.7M | $32.1M | ||
| Q4 24 | $-34.3M | $132.0M | ||
| Q3 24 | $-11.7M | $62.2M | ||
| Q2 24 | $-32.1M | $12.8M |
自由现金流率FIPGCMG
| Q1 26 | — | — | ||
| Q4 25 | -47.8% | 98.8% | ||
| Q3 25 | -64.5% | 58.0% | ||
| Q2 25 | -71.6% | 34.1% | ||
| Q1 25 | -157.7% | 25.5% | ||
| Q4 24 | -42.4% | 79.9% | ||
| Q3 24 | -14.0% | 50.6% | ||
| Q2 24 | -37.9% | 10.9% |
资本支出强度FIPGCMG
| Q1 26 | — | — | ||
| Q4 25 | 45.9% | 4.8% | ||
| Q3 25 | 47.2% | 1.1% | ||
| Q2 25 | 67.3% | 1.0% | ||
| Q1 25 | 68.6% | 0.9% | ||
| Q4 24 | 32.5% | 10.1% | ||
| Q3 24 | 31.1% | 5.5% | ||
| Q2 24 | 17.2% | 4.0% |
现金转化率FIPGCMG
| Q1 26 | — | — | ||
| Q4 25 | — | 3.16× | ||
| Q3 25 | — | 7.61× | ||
| Q2 25 | — | 2.72× | ||
| Q1 25 | -0.71× | 71.84× | ||
| Q4 24 | — | 19.54× | ||
| Q3 24 | — | 16.60× | ||
| Q2 24 | — | 3.64× |
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
GCMG
| Asset Management1 | $108.6M | 61% |
| Management Service Incentive Performance Fees | $61.7M | 35% |
| Management Service Incentive Carried Interest | $5.1M | 3% |
| Service Other | $1.8M | 1% |
