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FTAI Infrastructure Inc.（FIP）与IBEX Ltd（IBEX）财务数据对比。点击上方公司名可切换其他公司
IBEX Ltd的季度营收约是FTAI Infrastructure Inc.的1.1倍（$164.2M vs $143.5M），IBEX Ltd净利率更高（7.4% vs -68.1%，领先75.5%），FTAI Infrastructure Inc.同比增速更快（77.7% vs 16.7%），IBEX Ltd自由现金流更多（$-5.1M vs $-68.6M），过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% vs 13.8%）
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。
IBEX 35是西班牙主要交易所马德里证券交易所的基准股票指数，该指数始创于1992年，由西班牙证券市场集团BME旗下的交易所公司负责计算与管理。它以市值加权编制，涵盖马德里证券交易所流动性最高的35只西班牙股票，每年进行两次成分股调整。
FIP vs IBEX — 直观对比
营收规模更大
IBEX
是对方的1.1倍
$143.5M
营收增速更快
FIP
高出61.0%
16.7%
净利率更高
IBEX
高出75.5%
-68.1%
自由现金流更多
IBEX
多$63.5M
$-68.6M
两年增速更快
FIP
近两年复合增速
13.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $143.5M | $164.2M |
| 净利润 | $-97.7M | $12.2M |
| 毛利率 | — | — |
| 营业利润率 | -45.7% | 9.3% |
| 净利率 | -68.1% | 7.4% |
| 营收同比 | 77.7% | 16.7% |
| 净利润同比 | 21.6% | 31.8% |
| 每股收益（稀释后） | $-1.04 | $0.83 |
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FIPIBEX
| Q4 25 | $143.5M | $164.2M | ||
| Q3 25 | $140.6M | $151.2M | ||
| Q2 25 | $122.3M | $147.1M | ||
| Q1 25 | $96.2M | $140.7M | ||
| Q4 24 | $80.8M | $140.7M | ||
| Q3 24 | $83.3M | $129.7M | ||
| Q2 24 | $84.9M | $124.5M | ||
| Q1 24 | $82.5M | $126.8M |
净利润FIPIBEX
| Q4 25 | $-97.7M | $12.2M | ||
| Q3 25 | $-104.5M | $12.0M | ||
| Q2 25 | $-70.0M | $9.6M | ||
| Q1 25 | $120.2M | $10.5M | ||
| Q4 24 | $-124.7M | $9.3M | ||
| Q3 24 | $-43.0M | $7.5M | ||
| Q2 24 | $-48.1M | $9.8M | ||
| Q1 24 | $-50.3M | $10.3M |
营业利润率FIPIBEX
| Q4 25 | -45.7% | 9.3% | ||
| Q3 25 | -70.8% | 9.1% | ||
| Q2 25 | -56.4% | 8.3% | ||
| Q1 25 | 81.8% | 9.5% | ||
| Q4 24 | -152.7% | 8.5% | ||
| Q3 24 | -51.7% | 7.0% | ||
| Q2 24 | -56.4% | 10.3% | ||
| Q1 24 | -58.8% | 8.9% |
净利率FIPIBEX
| Q4 25 | -68.1% | 7.4% | ||
| Q3 25 | -74.4% | 8.0% | ||
| Q2 25 | -57.2% | 6.5% | ||
| Q1 25 | 125.0% | 7.4% | ||
| Q4 24 | -154.4% | 6.6% | ||
| Q3 24 | -51.6% | 5.8% | ||
| Q2 24 | -56.7% | 7.9% | ||
| Q1 24 | -60.9% | 8.1% |
每股收益（稀释后）FIPIBEX
| Q4 25 | $-1.04 | $0.83 | ||
| Q3 25 | $-1.38 | $0.82 | ||
| Q2 25 | $-0.73 | $0.63 | ||
| Q1 25 | $0.89 | $0.73 | ||
| Q4 24 | $-1.21 | $0.57 | ||
| Q3 24 | $-0.45 | $0.43 | ||
| Q2 24 | $-0.52 | $0.55 | ||
| Q1 24 | $-0.54 | $0.57 |
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 | $15.5M |
| 总债务越低越好 | $3.8B | $594.0K |
| 股东权益账面价值 | $21.3M | $154.5M |
| 总资产 | $5.7B | $295.8M |
| 负债/权益比越低杠杆越低 | 176.99× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资FIPIBEX
| Q4 25 | $57.4M | $15.5M | ||
| Q3 25 | $34.7M | $22.7M | ||
| Q2 25 | $33.6M | $15.3M | ||
| Q1 25 | $26.3M | $13.0M | ||
| Q4 24 | $27.8M | $20.2M | ||
| Q3 24 | $20.3M | $62.3M | ||
| Q2 24 | $33.1M | $62.7M | ||
| Q1 24 | $23.0M | $50.7M |
总债务FIPIBEX
| Q4 25 | $3.8B | $594.0K | ||
| Q3 25 | $3.7B | $726.0K | ||
| Q2 25 | $3.1B | $796.0K | ||
| Q1 25 | $2.8B | $735.0K | ||
| Q4 24 | $1.6B | $695.0K | ||
| Q3 24 | $1.5B | $802.0K | ||
| Q2 24 | $1.6B | $867.0K | ||
| Q1 24 | $1.3B | $820.0K |
股东权益FIPIBEX
| Q4 25 | $21.3M | $154.5M | ||
| Q3 25 | $181.1M | $143.6M | ||
| Q2 25 | $375.5M | $134.3M | ||
| Q1 25 | $476.2M | $124.2M | ||
| Q4 24 | $202.7M | $108.9M | ||
| Q3 24 | $370.8M | $171.1M | ||
| Q2 24 | $394.8M | $165.8M | ||
| Q1 24 | $402.5M | $159.3M |
总资产FIPIBEX
| Q4 25 | $5.7B | $295.8M | ||
| Q3 25 | $5.5B | $283.9M | ||
| Q2 25 | $4.4B | $273.2M | ||
| Q1 25 | $4.1B | $274.7M | ||
| Q4 24 | $2.4B | $272.5M | ||
| Q3 24 | $2.4B | $306.3M | ||
| Q2 24 | $2.5B | $293.9M | ||
| Q1 24 | $2.3B | $289.6M |
负债/权益比FIPIBEX
| Q4 25 | 176.99× | 0.00× | ||
| Q3 25 | 20.59× | 0.01× | ||
| Q2 25 | 8.21× | 0.01× | ||
| Q1 25 | 5.79× | 0.01× | ||
| Q4 24 | 7.84× | 0.01× | ||
| Q3 24 | 4.14× | 0.00× | ||
| Q2 24 | 3.94× | 0.01× | ||
| Q1 24 | 3.34× | 0.01× |
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 | $6.6M |
| 自由现金流经营现金流 - 资本支出 | $-68.6M | $-5.1M |
| 自由现金流率自由现金流/营收 | -47.8% | -3.1% |
| 资本支出强度资本支出/营收 | 45.9% | 7.1% |
| 现金转化率经营现金流/净利润 | — | 0.54× |
| 过去12个月自由现金流最近4个季度 | $-398.5M | $29.3M |
8季度趋势，按日历期对齐
经营现金流FIPIBEX
| Q4 25 | $-2.8M | $6.6M | ||
| Q3 25 | $-24.4M | $15.7M | ||
| Q2 25 | $-5.2M | $27.9M | ||
| Q1 25 | $-85.7M | $8.8M | ||
| Q4 24 | $-8.1M | $1.1M | ||
| Q3 24 | $14.2M | $7.8M | ||
| Q2 24 | $-17.6M | $17.4M | ||
| Q1 24 | $-3.9M | $11.4M |
自由现金流FIPIBEX
| Q4 25 | $-68.6M | $-5.1M | ||
| Q3 25 | $-90.7M | $8.0M | ||
| Q2 25 | $-87.5M | $22.8M | ||
| Q1 25 | $-151.7M | $3.6M | ||
| Q4 24 | $-34.3M | $-3.2M | ||
| Q3 24 | $-11.7M | $4.1M | ||
| Q2 24 | $-32.1M | $15.2M | ||
| Q1 24 | $-16.7M | $9.7M |
自由现金流率FIPIBEX
| Q4 25 | -47.8% | -3.1% | ||
| Q3 25 | -64.5% | 5.3% | ||
| Q2 25 | -71.6% | 15.5% | ||
| Q1 25 | -157.7% | 2.5% | ||
| Q4 24 | -42.4% | -2.3% | ||
| Q3 24 | -14.0% | 3.2% | ||
| Q2 24 | -37.9% | 12.2% | ||
| Q1 24 | -20.3% | 7.7% |
资本支出强度FIPIBEX
| Q4 25 | 45.9% | 7.1% | ||
| Q3 25 | 47.2% | 5.1% | ||
| Q2 25 | 67.3% | 3.5% | ||
| Q1 25 | 68.6% | 3.7% | ||
| Q4 24 | 32.5% | 3.1% | ||
| Q3 24 | 31.1% | 2.8% | ||
| Q2 24 | 17.2% | 1.8% | ||
| Q1 24 | 15.6% | 1.3% |
现金转化率FIPIBEX
| Q4 25 | — | 0.54× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | — | 2.91× | ||
| Q1 25 | -0.71× | 0.84× | ||
| Q4 24 | — | 0.12× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.77× | ||
| Q1 24 | — | 1.11× |
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% |
IBEX
| Transferred Over Time | $147.1M | 90% |
| Transferred At Point In Time | $17.1M | 10% |
