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FTAI Infrastructure Inc.（FIP）与INSTEEL INDUSTRIES INC（IIIN）财务数据对比。点击上方公司名可切换其他公司
INSTEEL INDUSTRIES INC的季度营收约是FTAI Infrastructure Inc.的1.1倍（$159.9M vs $143.5M），INSTEEL INDUSTRIES INC净利率更高（4.7% vs -68.1%，领先72.8%），FTAI Infrastructure Inc.同比增速更快（77.7% vs 23.3%），INSTEEL INDUSTRIES INC自由现金流更多（$-2.2M vs $-68.6M），过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% vs 12.0%）
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。
Insteel Industries Inc是美国领先的钢材加固产品制造商，主营焊接钢筋网、工程结构网、钢纤维等产品，主要服务北美地区非住宅建筑、基础设施、预制混凝土构件等领域客户，提供高性能建筑加固解决方案。
FIP vs IIIN — 直观对比
营收规模更大
IIIN
是对方的1.1倍
$143.5M
营收增速更快
FIP
高出54.4%
23.3%
净利率更高
IIIN
高出72.8%
-68.1%
自由现金流更多
IIIN
多$66.4M
$-68.6M
两年增速更快
FIP
近两年复合增速
12.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $143.5M | $159.9M |
| 净利润 | $-97.7M | $7.6M |
| 毛利率 | — | 11.3% |
| 营业利润率 | -45.7% | 6.0% |
| 净利率 | -68.1% | 4.7% |
| 营收同比 | 77.7% | 23.3% |
| 净利润同比 | 21.6% | 602.4% |
| 每股收益（稀释后） | $-1.04 | $0.39 |
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FIPIIIN
| Q4 25 | $143.5M | $159.9M | ||
| Q3 25 | $140.6M | $177.4M | ||
| Q2 25 | $122.3M | $179.9M | ||
| Q1 25 | $96.2M | $160.7M | ||
| Q4 24 | $80.8M | $129.7M | ||
| Q3 24 | $83.3M | $134.3M | ||
| Q2 24 | $84.9M | $145.8M | ||
| Q1 24 | $82.5M | $127.4M |
净利润FIPIIIN
| Q4 25 | $-97.7M | $7.6M | ||
| Q3 25 | $-104.5M | $14.6M | ||
| Q2 25 | $-70.0M | $15.2M | ||
| Q1 25 | $120.2M | $10.2M | ||
| Q4 24 | $-124.7M | $1.1M | ||
| Q3 24 | $-43.0M | $4.7M | ||
| Q2 24 | $-48.1M | $6.6M | ||
| Q1 24 | $-50.3M | $6.9M |
毛利率FIPIIIN
| Q4 25 | — | 11.3% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | — | 17.1% | ||
| Q1 25 | — | 15.3% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 9.1% | ||
| Q2 24 | — | 10.6% | ||
| Q1 24 | — | 12.3% |
营业利润率FIPIIIN
| Q4 25 | -45.7% | 6.0% | ||
| Q3 25 | -70.8% | 10.8% | ||
| Q2 25 | -56.4% | 11.0% | ||
| Q1 25 | 81.8% | 8.3% | ||
| Q4 24 | -152.7% | 1.1% | ||
| Q3 24 | -51.7% | 4.5% | ||
| Q2 24 | -56.4% | 6.0% | ||
| Q1 24 | -58.8% | 7.0% |
净利率FIPIIIN
| Q4 25 | -68.1% | 4.7% | ||
| Q3 25 | -74.4% | 8.2% | ||
| Q2 25 | -57.2% | 8.4% | ||
| Q1 25 | 125.0% | 6.4% | ||
| Q4 24 | -154.4% | 0.8% | ||
| Q3 24 | -51.6% | 3.5% | ||
| Q2 24 | -56.7% | 4.5% | ||
| Q1 24 | -60.9% | 5.4% |
每股收益（稀释后）FIPIIIN
| Q4 25 | $-1.04 | $0.39 | ||
| Q3 25 | $-1.38 | $0.74 | ||
| Q2 25 | $-0.73 | $0.78 | ||
| Q1 25 | $0.89 | $0.52 | ||
| Q4 24 | $-1.21 | $0.06 | ||
| Q3 24 | $-0.45 | $0.24 | ||
| Q2 24 | $-0.52 | $0.34 | ||
| Q1 24 | $-0.54 | $0.35 |
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 | $15.6M |
| 总债务越低越好 | $3.8B | — |
| 股东权益账面价值 | $21.3M | $358.8M |
| 总资产 | $5.7B | $456.1M |
| 负债/权益比越低杠杆越低 | 176.99× | — |
8季度趋势，按日历期对齐
现金及短期投资FIPIIIN
| Q4 25 | $57.4M | $15.6M | ||
| Q3 25 | $34.7M | $38.6M | ||
| Q2 25 | $33.6M | $53.7M | ||
| Q1 25 | $26.3M | $28.4M | ||
| Q4 24 | $27.8M | $36.0M | ||
| Q3 24 | $20.3M | $111.5M | ||
| Q2 24 | $33.1M | $97.7M | ||
| Q1 24 | $23.0M | $83.9M |
总债务FIPIIIN
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $1.3B | — |
股东权益FIPIIIN
| Q4 25 | $21.3M | $358.8M | ||
| Q3 25 | $181.1M | $371.5M | ||
| Q2 25 | $375.5M | $356.2M | ||
| Q1 25 | $476.2M | $341.4M | ||
| Q4 24 | $202.7M | $331.6M | ||
| Q3 24 | $370.8M | $350.9M | ||
| Q2 24 | $394.8M | $346.0M | ||
| Q1 24 | $402.5M | $340.6M |
总资产FIPIIIN
| Q4 25 | $5.7B | $456.1M | ||
| Q3 25 | $5.5B | $462.6M | ||
| Q2 25 | $4.4B | $471.9M | ||
| Q1 25 | $4.1B | $421.9M | ||
| Q4 24 | $2.4B | $404.7M | ||
| Q3 24 | $2.4B | $422.6M | ||
| Q2 24 | $2.5B | $414.6M | ||
| Q1 24 | $2.3B | $397.2M |
负债/权益比FIPIIIN
| Q4 25 | 176.99× | — | ||
| Q3 25 | 20.59× | — | ||
| Q2 25 | 8.21× | — | ||
| Q1 25 | 5.79× | — | ||
| Q4 24 | 7.84× | — | ||
| Q3 24 | 4.14× | — | ||
| Q2 24 | 3.94× | — | ||
| Q1 24 | 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 | $-2.8M | $-701.0K |
| 自由现金流经营现金流 - 资本支出 | $-68.6M | $-2.2M |
| 自由现金流率自由现金流/营收 | -47.8% | -1.4% |
| 资本支出强度资本支出/营收 | 45.9% | 0.9% |
| 现金转化率经营现金流/净利润 | — | -0.09× |
| 过去12个月自由现金流最近4个季度 | $-398.5M | $439.0K |
8季度趋势，按日历期对齐
经营现金流FIPIIIN
| Q4 25 | $-2.8M | $-701.0K | ||
| Q3 25 | $-24.4M | $-17.0M | ||
| Q2 25 | $-5.2M | $28.5M | ||
| Q1 25 | $-85.7M | $-3.3M | ||
| Q4 24 | $-8.1M | $19.0M | ||
| Q3 24 | $14.2M | $16.2M | ||
| Q2 24 | $-17.6M | $18.8M | ||
| Q1 24 | $-3.9M | $1.4M |
自由现金流FIPIIIN
| Q4 25 | $-68.6M | $-2.2M | ||
| Q3 25 | $-90.7M | $-18.7M | ||
| Q2 25 | $-87.5M | $26.9M | ||
| Q1 25 | $-151.7M | $-5.5M | ||
| Q4 24 | $-34.3M | $16.3M | ||
| Q3 24 | $-11.7M | $14.5M | ||
| Q2 24 | $-32.1M | $15.5M | ||
| Q1 24 | $-16.7M | $-580.0K |
自由现金流率FIPIIIN
| Q4 25 | -47.8% | -1.4% | ||
| Q3 25 | -64.5% | -10.6% | ||
| Q2 25 | -71.6% | 15.0% | ||
| Q1 25 | -157.7% | -3.5% | ||
| Q4 24 | -42.4% | 12.6% | ||
| Q3 24 | -14.0% | 10.8% | ||
| Q2 24 | -37.9% | 10.7% | ||
| Q1 24 | -20.3% | -0.5% |
资本支出强度FIPIIIN
| Q4 25 | 45.9% | 0.9% | ||
| Q3 25 | 47.2% | 1.0% | ||
| Q2 25 | 67.3% | 0.9% | ||
| Q1 25 | 68.6% | 1.4% | ||
| Q4 24 | 32.5% | 2.1% | ||
| Q3 24 | 31.1% | 1.3% | ||
| Q2 24 | 17.2% | 2.2% | ||
| Q1 24 | 15.6% | 1.5% |
现金转化率FIPIIIN
| Q4 25 | — | -0.09× | ||
| Q3 25 | — | -1.17× | ||
| Q2 25 | — | 1.88× | ||
| Q1 25 | -0.71× | -0.32× | ||
| Q4 24 | — | 17.56× | ||
| Q3 24 | — | 3.48× | ||
| Q2 24 | — | 2.86× | ||
| Q1 24 | — | 0.20× |
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% |
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
