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FTAI Infrastructure Inc.（FIP）与Industrial Logistics Properties Trust（ILPT）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Industrial Logistics Properties Trust的1.7倍（$188.4M vs $113.9M），Industrial Logistics Properties Trust净利率更高（-1.6% vs -79.7%，领先78.2%），FTAI Infrastructure Inc.同比增速更快（95.9% vs 3.1%），过去两年FTAI Infrastructure Inc.的营收复合增速更高（49.0% vs 0.7%）
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。
Industrial Logistics Properties Trust是一家专注于工业与物流地产的房地产投资信托，主要在美国境内持有及运营配送中心、仓储设施与最后一公里配送物业，为电商、零售、制造及供应链运营企业提供仓储及物流运营相关配套服务。
FIP vs ILPT — 直观对比
营收规模更大
FIP
是对方的1.7倍
$113.9M
营收增速更快
FIP
高出92.8%
3.1%
净利率更高
ILPT
高出78.2%
-79.7%
两年增速更快
FIP
近两年复合增速
0.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $188.4M | $113.9M |
| 净利润 | $-150.2M | $-1.8M |
| 毛利率 | — | — |
| 营业利润率 | — | -22.1% |
| 净利率 | -79.7% | -1.6% |
| 营收同比 | 95.9% | 3.1% |
| 净利润同比 | -387.6% | 92.6% |
| 每股收益（稀释后） | $-1.32 | $-0.02 |
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FIPILPT
| Q1 26 | $188.4M | — | ||
| Q4 25 | $143.5M | $113.9M | ||
| Q3 25 | $140.6M | $110.9M | ||
| Q2 25 | $122.3M | $112.1M | ||
| Q1 25 | $96.2M | $111.9M | ||
| Q4 24 | $80.8M | $110.5M | ||
| Q3 24 | $83.3M | $108.9M | ||
| Q2 24 | $84.9M | $110.6M |
净利润FIPILPT
| Q1 26 | $-150.2M | — | ||
| Q4 25 | $-97.7M | $-1.8M | ||
| Q3 25 | $-104.5M | $-21.6M | ||
| Q2 25 | $-70.0M | $-21.3M | ||
| Q1 25 | $120.2M | $-21.5M | ||
| Q4 24 | $-124.7M | $-24.1M | ||
| Q3 24 | $-43.0M | $-25.0M | ||
| Q2 24 | $-48.1M | $-23.2M |
营业利润率FIPILPT
| Q1 26 | — | — | ||
| Q4 25 | -45.7% | -22.1% | ||
| Q3 25 | -70.8% | -29.4% | ||
| Q2 25 | -56.4% | -30.8% | ||
| Q1 25 | 81.8% | -26.9% | ||
| Q4 24 | -152.7% | -31.1% | ||
| Q3 24 | -51.7% | -33.5% | ||
| Q2 24 | -56.4% | -32.4% |
净利率FIPILPT
| Q1 26 | -79.7% | — | ||
| Q4 25 | -68.1% | -1.6% | ||
| Q3 25 | -74.4% | -19.4% | ||
| Q2 25 | -57.2% | -19.0% | ||
| Q1 25 | 125.0% | -19.2% | ||
| Q4 24 | -154.4% | -21.8% | ||
| Q3 24 | -51.6% | -22.9% | ||
| Q2 24 | -56.7% | -20.9% |
每股收益（稀释后）FIPILPT
| Q1 26 | $-1.32 | — | ||
| Q4 25 | $-1.04 | $-0.02 | ||
| Q3 25 | $-1.38 | $-0.33 | ||
| Q2 25 | $-0.73 | $-0.32 | ||
| Q1 25 | $0.89 | $-0.33 | ||
| Q4 24 | $-1.21 | $-0.37 | ||
| Q3 24 | $-0.45 | $-0.38 | ||
| Q2 24 | $-0.52 | $-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 | $37.9M | $94.8M |
| 总债务越低越好 | — | $4.2B |
| 股东权益账面价值 | $-122.5K | $489.7M |
| 总资产 | $5.7B | $5.2B |
| 负债/权益比越低杠杆越低 | — | 8.56× |
8季度趋势，按日历期对齐
现金及短期投资FIPILPT
| Q1 26 | $37.9M | — | ||
| Q4 25 | $57.4M | $94.8M | ||
| Q3 25 | $34.7M | $83.2M | ||
| Q2 25 | $33.6M | $58.6M | ||
| Q1 25 | $26.3M | $108.0M | ||
| Q4 24 | $27.8M | $131.7M | ||
| Q3 24 | $20.3M | $153.9M | ||
| Q2 24 | $33.1M | $146.2M |
总债务FIPILPT
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | $4.2B | ||
| Q3 25 | $3.7B | $4.2B | ||
| Q2 25 | $3.1B | $4.2B | ||
| Q1 25 | $2.8B | $4.3B | ||
| Q4 24 | $1.6B | $4.3B | ||
| Q3 24 | $1.5B | $4.3B | ||
| Q2 24 | $1.6B | $4.3B |
股东权益FIPILPT
| Q1 26 | $-122.5K | — | ||
| Q4 25 | $21.3M | $489.7M | ||
| Q3 25 | $181.1M | $494.1M | ||
| Q2 25 | $375.5M | $519.1M | ||
| Q1 25 | $476.2M | $539.5M | ||
| Q4 24 | $202.7M | $562.0M | ||
| Q3 24 | $370.8M | $585.9M | ||
| Q2 24 | $394.8M | $618.3M |
总资产FIPILPT
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.7B | $5.2B | ||
| Q3 25 | $5.5B | $5.2B | ||
| Q2 25 | $4.4B | $5.2B | ||
| Q1 25 | $4.1B | $5.4B | ||
| Q4 24 | $2.4B | $5.4B | ||
| Q3 24 | $2.4B | $5.5B | ||
| Q2 24 | $2.5B | $5.5B |
负债/权益比FIPILPT
| Q1 26 | — | — | ||
| Q4 25 | 176.99× | 8.56× | ||
| Q3 25 | 20.59× | 8.49× | ||
| Q2 25 | 8.21× | 8.09× | ||
| Q1 25 | 5.79× | 7.96× | ||
| Q4 24 | 7.84× | 7.65× | ||
| Q3 24 | 4.14× | 7.35× | ||
| Q2 24 | 3.94× | 6.96× |
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 | $60.7M |
| 自由现金流经营现金流 - 资本支出 | — | $42.0M |
| 自由现金流率自由现金流/营收 | — | 36.9% |
| 资本支出强度资本支出/营收 | — | 16.4% |
| 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 | — | $79.8M |
8季度趋势，按日历期对齐
经营现金流FIPILPT
| Q1 26 | $-69.4M | — | ||
| Q4 25 | $-2.8M | $60.7M | ||
| Q3 25 | $-24.4M | $22.7M | ||
| Q2 25 | $-5.2M | $18.4M | ||
| Q1 25 | $-85.7M | $11.4M | ||
| Q4 24 | $-8.1M | $2.0M | ||
| Q3 24 | $14.2M | $-3.4M | ||
| Q2 24 | $-17.6M | $10.8M |
自由现金流FIPILPT
| Q1 26 | — | — | ||
| Q4 25 | $-68.6M | $42.0M | ||
| Q3 25 | $-90.7M | $17.6M | ||
| Q2 25 | $-87.5M | $15.2M | ||
| Q1 25 | $-151.7M | $5.0M | ||
| Q4 24 | $-34.3M | $-3.7M | ||
| Q3 24 | $-11.7M | $-5.9M | ||
| Q2 24 | $-32.1M | $9.4M |
自由现金流率FIPILPT
| Q1 26 | — | — | ||
| Q4 25 | -47.8% | 36.9% | ||
| Q3 25 | -64.5% | 15.9% | ||
| Q2 25 | -71.6% | 13.5% | ||
| Q1 25 | -157.7% | 4.5% | ||
| Q4 24 | -42.4% | -3.4% | ||
| Q3 24 | -14.0% | -5.5% | ||
| Q2 24 | -37.9% | 8.5% |
资本支出强度FIPILPT
| Q1 26 | — | — | ||
| Q4 25 | 45.9% | 16.4% | ||
| Q3 25 | 47.2% | 4.6% | ||
| Q2 25 | 67.3% | 2.9% | ||
| Q1 25 | 68.6% | 5.7% | ||
| Q4 24 | 32.5% | 5.2% | ||
| Q3 24 | 31.1% | 2.3% | ||
| Q2 24 | 17.2% | 1.3% |
现金转化率FIPILPT
| 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
