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FTAI Infrastructure Inc.（FIP）与IMAX（IMAX）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IMAX的1.1倍（$143.5M vs $125.2M），IMAX净利率更高（0.5% vs -68.1%，领先68.6%），FTAI Infrastructure Inc.同比增速更快（77.7% vs 35.1%），IMAX自由现金流更多（$28.0M vs $-68.6M），过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% vs 25.8%）
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。
IMAX公司是加拿大的影视放映技术企业，1967年创立于蒙特利尔，总部位于多伦多地区，在纽约、洛杉矶均设有业务点。核心业务包括IMAX摄影机与放映系统的设计制造，同时面向全球合作影院提供影片开发、制作、后期及发行服务，是沉浸式观影技术领域的领先企业。
FIP vs IMAX — 直观对比
营收规模更大
FIP
是对方的1.1倍
$125.2M
营收增速更快
FIP
高出42.6%
35.1%
净利率更高
IMAX
高出68.6%
-68.1%
自由现金流更多
IMAX
多$96.6M
$-68.6M
两年增速更快
FIP
近两年复合增速
25.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $143.5M | $125.2M |
| 净利润 | $-97.7M | $637.0K |
| 毛利率 | — | 57.6% |
| 营业利润率 | -45.7% | 19.3% |
| 净利率 | -68.1% | 0.5% |
| 营收同比 | 77.7% | 35.1% |
| 净利润同比 | 21.6% | -88.0% |
| 每股收益（稀释后） | $-1.04 | $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FIPIMAX
| Q4 25 | $143.5M | $125.2M | ||
| Q3 25 | $140.6M | $106.7M | ||
| Q2 25 | $122.3M | $91.7M | ||
| Q1 25 | $96.2M | $86.7M | ||
| Q4 24 | $80.8M | $92.7M | ||
| Q3 24 | $83.3M | $91.5M | ||
| Q2 24 | $84.9M | $89.0M | ||
| Q1 24 | $82.5M | $79.1M |
净利润FIPIMAX
| Q4 25 | $-97.7M | $637.0K | ||
| Q3 25 | $-104.5M | $20.7M | ||
| Q2 25 | $-70.0M | $11.3M | ||
| Q1 25 | $120.2M | $2.3M | ||
| Q4 24 | $-124.7M | $5.3M | ||
| Q3 24 | $-43.0M | $13.9M | ||
| Q2 24 | $-48.1M | $3.6M | ||
| Q1 24 | $-50.3M | $3.3M |
毛利率FIPIMAX
| Q4 25 | — | 57.6% | ||
| Q3 25 | — | 63.1% | ||
| Q2 25 | — | 58.5% | ||
| Q1 25 | — | 61.4% | ||
| Q4 24 | — | 52.2% | ||
| Q3 24 | — | 55.8% | ||
| Q2 24 | — | 49.4% | ||
| Q1 24 | — | 59.3% |
营业利润率FIPIMAX
| Q4 25 | -45.7% | 19.3% | ||
| Q3 25 | -70.8% | 27.2% | ||
| Q2 25 | -56.4% | 15.6% | ||
| Q1 25 | 81.8% | 19.3% | ||
| Q4 24 | -152.7% | 10.3% | ||
| Q3 24 | -51.7% | 21.2% | ||
| Q2 24 | -56.4% | 3.2% | ||
| Q1 24 | -58.8% | 15.3% |
净利率FIPIMAX
| Q4 25 | -68.1% | 0.5% | ||
| Q3 25 | -74.4% | 19.4% | ||
| Q2 25 | -57.2% | 12.3% | ||
| Q1 25 | 125.0% | 2.7% | ||
| Q4 24 | -154.4% | 5.7% | ||
| Q3 24 | -51.6% | 15.2% | ||
| Q2 24 | -56.7% | 4.0% | ||
| Q1 24 | -60.9% | 4.1% |
每股收益（稀释后）FIPIMAX
| Q4 25 | $-1.04 | $0.02 | ||
| Q3 25 | $-1.38 | $0.37 | ||
| Q2 25 | $-0.73 | $0.20 | ||
| Q1 25 | $0.89 | $0.04 | ||
| Q4 24 | $-1.21 | $0.09 | ||
| Q3 24 | $-0.45 | $0.26 | ||
| Q2 24 | $-0.52 | $0.07 | ||
| Q1 24 | $-0.54 | $0.06 |
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 | $151.2M |
| 总债务越低越好 | $3.8B | — |
| 股东权益账面价值 | $21.3M | $337.9M |
| 总资产 | $5.7B | $894.0M |
| 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FIPIMAX
| Q4 25 | $57.4M | $151.2M | ||
| Q3 25 | $34.7M | $143.1M | ||
| Q2 25 | $33.6M | $109.3M | ||
| Q1 25 | $26.3M | $97.1M | ||
| Q4 24 | $27.8M | $100.6M | ||
| Q3 24 | $20.3M | $104.5M | ||
| Q2 24 | $33.1M | $91.6M | ||
| Q1 24 | $23.0M | $81.0M |
总债务FIPIMAX
| 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FIPIMAX
| Q4 25 | $21.3M | $337.9M | ||
| Q3 25 | $181.1M | $349.5M | ||
| Q2 25 | $375.5M | $320.4M | ||
| Q1 25 | $476.2M | $299.5M | ||
| Q4 24 | $202.7M | $299.5M | ||
| Q3 24 | $370.8M | $289.4M | ||
| Q2 24 | $394.8M | $267.2M | ||
| Q1 24 | $402.5M | $258.8M |
总资产FIPIMAX
| Q4 25 | $5.7B | $894.0M | ||
| Q3 25 | $5.5B | $889.6M | ||
| Q2 25 | $4.4B | $868.6M | ||
| Q1 25 | $4.1B | $848.3M | ||
| Q4 24 | $2.4B | $830.4M | ||
| Q3 24 | $2.4B | $847.6M | ||
| Q2 24 | $2.5B | $827.4M | ||
| Q1 24 | $2.3B | $824.1M |
负债/权益比FIPIMAX
| 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 | $29.4M |
| 自由现金流经营现金流 - 资本支出 | $-68.6M | $28.0M |
| 自由现金流率自由现金流/营收 | -47.8% | 22.3% |
| 资本支出强度资本支出/营收 | 45.9% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 46.11× |
| 过去12个月自由现金流最近4个季度 | $-398.5M | $118.9M |
8季度趋势，按日历期对齐
经营现金流FIPIMAX
| Q4 25 | $-2.8M | $29.4M | ||
| Q3 25 | $-24.4M | $67.5M | ||
| Q2 25 | $-5.2M | $23.2M | ||
| Q1 25 | $-85.7M | $7.0M | ||
| Q4 24 | $-8.1M | $11.5M | ||
| Q3 24 | $14.2M | $35.3M | ||
| Q2 24 | $-17.6M | $35.0M | ||
| Q1 24 | $-3.9M | $-11.0M |
自由现金流FIPIMAX
| Q4 25 | $-68.6M | $28.0M | ||
| Q3 25 | $-90.7M | $64.8M | ||
| Q2 25 | $-87.5M | $20.9M | ||
| Q1 25 | $-151.7M | $5.3M | ||
| Q4 24 | $-34.3M | $6.9M | ||
| Q3 24 | $-11.7M | $34.2M | ||
| Q2 24 | $-32.1M | $33.5M | ||
| Q1 24 | $-16.7M | $-12.1M |
自由现金流率FIPIMAX
| Q4 25 | -47.8% | 22.3% | ||
| Q3 25 | -64.5% | 60.7% | ||
| Q2 25 | -71.6% | 22.8% | ||
| Q1 25 | -157.7% | 6.1% | ||
| Q4 24 | -42.4% | 7.4% | ||
| Q3 24 | -14.0% | 37.3% | ||
| Q2 24 | -37.9% | 37.6% | ||
| Q1 24 | -20.3% | -15.3% |
资本支出强度FIPIMAX
| Q4 25 | 45.9% | 1.1% | ||
| Q3 25 | 47.2% | 2.6% | ||
| Q2 25 | 67.3% | 2.6% | ||
| Q1 25 | 68.6% | 1.9% | ||
| Q4 24 | 32.5% | 5.0% | ||
| Q3 24 | 31.1% | 1.2% | ||
| Q2 24 | 17.2% | 1.8% | ||
| Q1 24 | 15.6% | 1.4% |
现金转化率FIPIMAX
| Q4 25 | — | 46.11× | ||
| Q3 25 | — | 3.27× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | -0.71× | 2.99× | ||
| Q4 24 | — | 2.16× | ||
| Q3 24 | — | 2.54× | ||
| Q2 24 | — | 9.78× | ||
| Q1 24 | — | -3.35× |
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% |
IMAX
| Technology Sales | $46.6M | 37% |
| Image Enhancement And Maintenance Services | $38.1M | 30% |
| Joint Revenue Sharing Arrangement | $20.4M | 16% |
| Maintenance | $16.3M | 13% |
| Finance Income | $2.8M | 2% |
| Other Content Solutions | $1.6M | 1% |
