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FTAI Infrastructure Inc.（FIP）与MACOM Technology Solutions Holdings, Inc.（MTSI）财务数据对比。点击上方公司名可切换其他公司
MACOM Technology Solutions Holdings, Inc.的季度营收约是FTAI Infrastructure Inc.的1.9倍（$271.6M vs $143.5M），MACOM Technology Solutions Holdings, Inc.净利率更高（18.0% vs -68.1%，领先86.0%），FTAI Infrastructure Inc.同比增速更快（77.7% vs 24.5%），MACOM Technology Solutions Holdings, Inc.自由现金流更多（$30.0M vs $-68.6M），过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% vs 22.4%）
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。
MACOM是美国知名的射频、微波及毫米波半导体器件与组件研发生产商，总部位于马萨诸塞州洛厄尔，2005年曾是当地规模最大的私营雇主。公司已通过ISO9001国际质量体系认证及ISO14001环境管理体系认证，在北美、欧洲、亚洲及澳大利亚均设有设计中心与销售办事处。
FIP vs MTSI — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $143.5M | $271.6M |
| 净利润 | $-97.7M | $48.8M |
| 毛利率 | — | 55.9% |
| 营业利润率 | -45.7% | 15.9% |
| 净利率 | -68.1% | 18.0% |
| 营收同比 | 77.7% | 24.5% |
| 净利润同比 | 21.6% | 129.1% |
| 每股收益（稀释后） | $-1.04 | $0.64 |
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
| Q1 26 | — | $271.6M | ||
| Q4 25 | $143.5M | $261.2M | ||
| Q3 25 | $140.6M | $252.1M | ||
| Q2 25 | $122.3M | $235.9M | ||
| Q1 25 | $96.2M | $218.1M | ||
| Q4 24 | $80.8M | — | ||
| Q3 24 | $83.3M | $200.7M | ||
| Q2 24 | $84.9M | $190.5M |
| Q1 26 | — | $48.8M | ||
| Q4 25 | $-97.7M | $45.1M | ||
| Q3 25 | $-104.5M | $36.5M | ||
| Q2 25 | $-70.0M | $31.7M | ||
| Q1 25 | $120.2M | $-167.5M | ||
| Q4 24 | $-124.7M | — | ||
| Q3 24 | $-43.0M | $29.4M | ||
| Q2 24 | $-48.1M | $19.9M |
| Q1 26 | — | 55.9% | ||
| Q4 25 | — | 54.5% | ||
| Q3 25 | — | 55.3% | ||
| Q2 25 | — | 55.2% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 54.7% | ||
| Q2 24 | — | 53.2% |
| Q1 26 | — | 15.9% | ||
| Q4 25 | -45.7% | 15.2% | ||
| Q3 25 | -70.8% | 14.9% | ||
| Q2 25 | -56.4% | 14.8% | ||
| Q1 25 | 81.8% | 8.0% | ||
| Q4 24 | -152.7% | — | ||
| Q3 24 | -51.7% | 13.7% | ||
| Q2 24 | -56.4% | 10.4% |
| Q1 26 | — | 18.0% | ||
| Q4 25 | -68.1% | 17.3% | ||
| Q3 25 | -74.4% | 14.5% | ||
| Q2 25 | -57.2% | 13.4% | ||
| Q1 25 | 125.0% | -76.8% | ||
| Q4 24 | -154.4% | — | ||
| Q3 24 | -51.6% | 14.7% | ||
| Q2 24 | -56.7% | 10.5% |
| Q1 26 | — | $0.64 | ||
| Q4 25 | $-1.04 | $0.67 | ||
| Q3 25 | $-1.38 | $0.48 | ||
| Q2 25 | $-0.73 | $0.42 | ||
| Q1 25 | $0.89 | $-2.30 | ||
| Q4 24 | $-1.21 | — | ||
| Q3 24 | $-0.45 | $0.40 | ||
| Q2 24 | $-0.52 | $0.27 |
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 | $768.5M |
| 总债务越低越好 | $3.8B | — |
| 股东权益账面价值 | $21.3M | $1.4B |
| 总资产 | $5.7B | $2.1B |
| 负债/权益比越低杠杆越低 | 176.99× | — |
8季度趋势，按日历期对齐
| Q1 26 | — | $768.5M | ||
| Q4 25 | $57.4M | $786.0M | ||
| Q3 25 | $34.7M | $735.2M | ||
| Q2 25 | $33.6M | $681.5M | ||
| Q1 25 | $26.3M | $656.5M | ||
| Q4 24 | $27.8M | — | ||
| Q3 24 | $20.3M | $581.9M | ||
| Q2 24 | $33.1M | $521.5M |
| Q1 26 | — | — | ||
| 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 26 | — | $1.4B | ||
| Q4 25 | $21.3M | $1.3B | ||
| Q3 25 | $181.1M | $1.3B | ||
| Q2 25 | $375.5M | $1.2B | ||
| Q1 25 | $476.2M | $1.2B | ||
| Q4 24 | $202.7M | — | ||
| Q3 24 | $370.8M | $1.1B | ||
| Q2 24 | $394.8M | $1.1B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $5.7B | $2.1B | ||
| Q3 25 | $5.5B | $2.0B | ||
| Q2 25 | $4.4B | $1.9B | ||
| Q1 25 | $4.1B | $1.8B | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.4B | $1.8B | ||
| Q2 24 | $2.5B | $1.7B |
| Q1 26 | — | — | ||
| 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× | — |
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 | $42.9M |
| 自由现金流经营现金流 - 资本支出 | $-68.6M | $30.0M |
| 自由现金流率自由现金流/营收 | -47.8% | 11.0% |
| 资本支出强度资本支出/营收 | 45.9% | 4.8% |
| 现金转化率经营现金流/净利润 | — | 0.88× |
| 过去12个月自由现金流最近4个季度 | $-398.5M | $161.5M |
8季度趋势，按日历期对齐
| Q1 26 | — | $42.9M | ||
| Q4 25 | $-2.8M | $69.6M | ||
| Q3 25 | $-24.4M | $60.4M | ||
| Q2 25 | $-5.2M | $38.7M | ||
| Q1 25 | $-85.7M | $66.7M | ||
| Q4 24 | $-8.1M | — | ||
| Q3 24 | $14.2M | $62.3M | ||
| Q2 24 | $-17.6M | $49.0M |
| Q1 26 | — | $30.0M | ||
| Q4 25 | $-68.6M | $49.4M | ||
| Q3 25 | $-90.7M | $51.6M | ||
| Q2 25 | $-87.5M | $30.5M | ||
| Q1 25 | $-151.7M | $61.3M | ||
| Q4 24 | $-34.3M | — | ||
| Q3 24 | $-11.7M | $57.1M | ||
| Q2 24 | $-32.1M | $41.5M |
| Q1 26 | — | 11.0% | ||
| Q4 25 | -47.8% | 18.9% | ||
| Q3 25 | -64.5% | 20.5% | ||
| Q2 25 | -71.6% | 12.9% | ||
| Q1 25 | -157.7% | 28.1% | ||
| Q4 24 | -42.4% | — | ||
| Q3 24 | -14.0% | 28.5% | ||
| Q2 24 | -37.9% | 21.8% |
| Q1 26 | — | 4.8% | ||
| Q4 25 | 45.9% | 7.7% | ||
| Q3 25 | 47.2% | 3.5% | ||
| Q2 25 | 67.3% | 3.5% | ||
| Q1 25 | 68.6% | 2.4% | ||
| Q4 24 | 32.5% | — | ||
| Q3 24 | 31.1% | 2.6% | ||
| Q2 24 | 17.2% | 3.9% |
| Q1 26 | — | 0.88× | ||
| Q4 25 | — | 1.54× | ||
| Q3 25 | — | 1.65× | ||
| Q2 25 | — | 1.22× | ||
| Q1 25 | -0.71× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.12× | ||
| Q2 24 | — | 2.46× |
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% |
MTSI
| Industrial Defense | $117.7M | 43% |
| Data Center | $85.8M | 32% |
| Telecom | $68.1M | 25% |
