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FTAI Infrastructure Inc.（FIP）与MEDICAL PROPERTIES TRUST INC（MPW）财务数据对比。点击上方公司名可切换其他公司
MEDICAL PROPERTIES TRUST INC的季度营收约是FTAI Infrastructure Inc.的1.4倍（$270.3M vs $188.4M），MEDICAL PROPERTIES TRUST INC净利率更高（6.5% vs -79.7%，领先86.2%），FTAI Infrastructure Inc.同比增速更快（95.9% vs 16.6%），过去两年FTAI Infrastructure Inc.的营收复合增速更高（49.0% vs -0.2%）
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。
Medical Properties Trust, Inc.（MPT）是一家总部位于美国阿拉巴马州伯明翰的跨国房地产投资信托基金（REIT），主要在美欧地区收购、投资医疗保健设施与营利性医疗控股公司，资产收购多采用售后回租模式，原业主出售资产后成为其租户，租户通常需签署长期三净租赁协议。
FIP vs MPW — 直观对比
营收规模更大
MPW
是对方的1.4倍
$188.4M
营收增速更快
FIP
高出79.3%
16.6%
净利率更高
MPW
高出86.2%
-79.7%
两年增速更快
FIP
近两年复合增速
-0.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $188.4M | $270.3M |
| 净利润 | $-150.2M | $17.6M |
| 毛利率 | — | 95.8% |
| 营业利润率 | — | 9.7% |
| 净利率 | -79.7% | 6.5% |
| 营收同比 | 95.9% | 16.6% |
| 净利润同比 | -387.6% | 104.3% |
| 每股收益（稀释后） | $-1.32 | $0.03 |
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FIPMPW
| Q1 26 | $188.4M | — | ||
| Q4 25 | $143.5M | $270.3M | ||
| Q3 25 | $140.6M | $237.5M | ||
| Q2 25 | $122.3M | $240.4M | ||
| Q1 25 | $96.2M | $223.8M | ||
| Q4 24 | $80.8M | $231.8M | ||
| Q3 24 | $83.3M | $225.8M | ||
| Q2 24 | $84.9M | $266.6M |
净利润FIPMPW
| Q1 26 | $-150.2M | — | ||
| Q4 25 | $-97.7M | $17.6M | ||
| Q3 25 | $-104.5M | $-77.7M | ||
| Q2 25 | $-70.0M | $-98.4M | ||
| Q1 25 | $120.2M | $-118.3M | ||
| Q4 24 | $-124.7M | $-412.3M | ||
| Q3 24 | $-43.0M | $-801.2M | ||
| Q2 24 | $-48.1M | $-320.6M |
毛利率FIPMPW
| Q1 26 | — | — | ||
| Q4 25 | — | 95.8% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 91.8% | ||
| Q1 25 | — | 63.6% | ||
| Q4 24 | — | 90.9% | ||
| Q3 24 | — | 96.5% | ||
| Q2 24 | — | 98.4% |
营业利润率FIPMPW
| Q1 26 | — | — | ||
| Q4 25 | -45.7% | 9.7% | ||
| Q3 25 | -70.8% | -28.0% | ||
| Q2 25 | -56.4% | -36.7% | ||
| Q1 25 | 81.8% | -48.5% | ||
| Q4 24 | -152.7% | -173.7% | ||
| Q3 24 | -51.7% | -350.7% | ||
| Q2 24 | -56.4% | -114.5% |
净利率FIPMPW
| Q1 26 | -79.7% | — | ||
| Q4 25 | -68.1% | 6.5% | ||
| Q3 25 | -74.4% | -32.7% | ||
| Q2 25 | -57.2% | -40.9% | ||
| Q1 25 | 125.0% | -52.8% | ||
| Q4 24 | -154.4% | -177.8% | ||
| Q3 24 | -51.6% | -354.8% | ||
| Q2 24 | -56.7% | -120.3% |
每股收益（稀释后）FIPMPW
| Q1 26 | $-1.32 | — | ||
| Q4 25 | $-1.04 | $0.03 | ||
| Q3 25 | $-1.38 | $-0.13 | ||
| Q2 25 | $-0.73 | $-0.16 | ||
| Q1 25 | $0.89 | $-0.20 | ||
| Q4 24 | $-1.21 | $-0.68 | ||
| Q3 24 | $-0.45 | $-1.34 | ||
| Q2 24 | $-0.52 | $-0.54 |
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 | $540.9M |
| 总债务越低越好 | — | $9.7B |
| 股东权益账面价值 | $-122.5K | $4.6B |
| 总资产 | $5.7B | $15.0B |
| 负债/权益比越低杠杆越低 | — | 2.11× |
8季度趋势，按日历期对齐
现金及短期投资FIPMPW
| Q1 26 | $37.9M | — | ||
| Q4 25 | $57.4M | $540.9M | ||
| Q3 25 | $34.7M | $396.6M | ||
| Q2 25 | $33.6M | $509.8M | ||
| Q1 25 | $26.3M | $673.5M | ||
| Q4 24 | $27.8M | $332.3M | ||
| Q3 24 | $20.3M | $275.6M | ||
| Q2 24 | $33.1M | $606.5M |
总债务FIPMPW
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | $9.7B | ||
| Q3 25 | $3.7B | $9.6B | ||
| Q2 25 | $3.1B | $9.6B | ||
| Q1 25 | $2.8B | $9.5B | ||
| Q4 24 | $1.6B | $8.8B | ||
| Q3 24 | $1.5B | $9.2B | ||
| Q2 24 | $1.6B | $9.4B |
股东权益FIPMPW
| Q1 26 | $-122.5K | — | ||
| Q4 25 | $21.3M | $4.6B | ||
| Q3 25 | $181.1M | $4.7B | ||
| Q2 25 | $375.5M | $4.8B | ||
| Q1 25 | $476.2M | $4.8B | ||
| Q4 24 | $202.7M | $4.8B | ||
| Q3 24 | $370.8M | $5.4B | ||
| Q2 24 | $394.8M | $6.2B |
总资产FIPMPW
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.7B | $15.0B | ||
| Q3 25 | $5.5B | $14.9B | ||
| Q2 25 | $4.4B | $15.2B | ||
| Q1 25 | $4.1B | $14.9B | ||
| Q4 24 | $2.4B | $14.3B | ||
| Q3 24 | $2.4B | $15.2B | ||
| Q2 24 | $2.5B | $16.2B |
负债/权益比FIPMPW
| Q1 26 | — | — | ||
| Q4 25 | 176.99× | 2.11× | ||
| Q3 25 | 20.59× | 2.06× | ||
| Q2 25 | 8.21× | 2.00× | ||
| Q1 25 | 5.79× | 1.99× | ||
| Q4 24 | 7.84× | 1.83× | ||
| Q3 24 | 4.14× | 1.69× | ||
| Q2 24 | 3.94× | 1.51× |
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 | $230.8M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 13.11× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流FIPMPW
| Q1 26 | $-69.4M | — | ||
| Q4 25 | $-2.8M | $230.8M | ||
| Q3 25 | $-24.4M | $18.6M | ||
| Q2 25 | $-5.2M | $51.7M | ||
| Q1 25 | $-85.7M | $384.0K | ||
| Q4 24 | $-8.1M | $245.5M | ||
| Q3 24 | $14.2M | $59.2M | ||
| Q2 24 | $-17.6M | $35.3M |
自由现金流FIPMPW
| Q1 26 | — | — | ||
| Q4 25 | $-68.6M | — | ||
| Q3 25 | $-90.7M | — | ||
| Q2 25 | $-87.5M | — | ||
| Q1 25 | $-151.7M | — | ||
| Q4 24 | $-34.3M | — | ||
| Q3 24 | $-11.7M | — | ||
| Q2 24 | $-32.1M | — |
自由现金流率FIPMPW
| Q1 26 | — | — | ||
| Q4 25 | -47.8% | — | ||
| Q3 25 | -64.5% | — | ||
| Q2 25 | -71.6% | — | ||
| Q1 25 | -157.7% | — | ||
| Q4 24 | -42.4% | — | ||
| Q3 24 | -14.0% | — | ||
| Q2 24 | -37.9% | — |
资本支出强度FIPMPW
| Q1 26 | — | — | ||
| Q4 25 | 45.9% | — | ||
| Q3 25 | 47.2% | — | ||
| Q2 25 | 67.3% | — | ||
| Q1 25 | 68.6% | — | ||
| Q4 24 | 32.5% | — | ||
| Q3 24 | 31.1% | — | ||
| Q2 24 | 17.2% | — |
现金转化率FIPMPW
| Q1 26 | — | — | ||
| Q4 25 | — | 13.11× | ||
| 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
