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FTAI Infrastructure Inc.（FIP）与合众银行（OSBC）财务数据对比。点击上方公司名可切换其他公司
FTAI Infrastructure Inc.的季度营收约是合众银行的1.5倍（$143.5M vs $93.8M），合众银行净利率更高（27.3% vs -68.1%，领先95.4%），过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% vs 15.1%）
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。
合众银行是一家总部位于美国明尼阿波利斯、在特拉华州注册的美国跨国银行机构。截至2025年，它是美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的金融机构，主营银行、投资、抵押等金融服务。
FIP vs OSBC — 直观对比
营收规模更大
FIP
是对方的1.5倍
$93.8M
净利率更高
OSBC
高出95.4%
-68.1%
两年增速更快
FIP
近两年复合增速
15.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $143.5M | $93.8M |
| 净利润 | $-97.7M | $25.6M |
| 毛利率 | — | — |
| 营业利润率 | -45.7% | — |
| 净利率 | -68.1% | 27.3% |
| 营收同比 | 77.7% | — |
| 净利润同比 | 21.6% | 159.2% |
| 每股收益（稀释后） | $-1.04 | $0.48 |
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FIPOSBC
| Q1 26 | — | $93.8M | ||
| Q4 25 | $143.5M | $95.2M | ||
| Q3 25 | $140.6M | $95.9M | ||
| Q2 25 | $122.3M | $75.1M | ||
| Q1 25 | $96.2M | $73.1M | ||
| Q4 24 | $80.8M | $73.2M | ||
| Q3 24 | $83.3M | $71.2M | ||
| Q2 24 | $84.9M | $70.8M |
净利润FIPOSBC
| Q1 26 | — | $25.6M | ||
| Q4 25 | $-97.7M | — | ||
| Q3 25 | $-104.5M | $9.9M | ||
| Q2 25 | $-70.0M | $21.8M | ||
| Q1 25 | $120.2M | $19.8M | ||
| Q4 24 | $-124.7M | — | ||
| Q3 24 | $-43.0M | $23.0M | ||
| Q2 24 | $-48.1M | $21.9M |
营业利润率FIPOSBC
| Q1 26 | — | — | ||
| Q4 25 | -45.7% | 41.2% | ||
| Q3 25 | -70.8% | 13.6% | ||
| Q2 25 | -56.4% | 38.9% | ||
| Q1 25 | 81.8% | 35.8% | ||
| Q4 24 | -152.7% | 34.7% | ||
| Q3 24 | -51.7% | 41.9% | ||
| Q2 24 | -56.4% | 41.2% |
净利率FIPOSBC
| Q1 26 | — | 27.3% | ||
| Q4 25 | -68.1% | — | ||
| Q3 25 | -74.4% | 10.3% | ||
| Q2 25 | -57.2% | 29.0% | ||
| Q1 25 | 125.0% | 27.1% | ||
| Q4 24 | -154.4% | — | ||
| Q3 24 | -51.6% | 32.3% | ||
| Q2 24 | -56.7% | 30.9% |
每股收益（稀释后）FIPOSBC
| Q1 26 | — | $0.48 | ||
| Q4 25 | $-1.04 | $0.53 | ||
| Q3 25 | $-1.38 | $0.18 | ||
| Q2 25 | $-0.73 | $0.48 | ||
| Q1 25 | $0.89 | $0.43 | ||
| Q4 24 | $-1.21 | $0.42 | ||
| Q3 24 | $-0.45 | $0.50 | ||
| Q2 24 | $-0.52 | $0.48 |
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 | $115.7M |
| 总债务越低越好 | $3.8B | — |
| 股东权益账面价值 | $21.3M | $893.3M |
| 总资产 | $5.7B | $6.8B |
| 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FIPOSBC
| Q1 26 | — | $115.7M | ||
| Q4 25 | $57.4M | $124.0M | ||
| Q3 25 | $34.7M | $116.5M | ||
| Q2 25 | $33.6M | $141.8M | ||
| Q1 25 | $26.3M | $256.1M | ||
| Q4 24 | $27.8M | $99.3M | ||
| Q3 24 | $20.3M | $115.8M | ||
| Q2 24 | $33.1M | $120.9M |
总债务FIPOSBC
| 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 | — |
股东权益FIPOSBC
| Q1 26 | — | $893.3M | ||
| Q4 25 | $21.3M | $896.8M | ||
| Q3 25 | $181.1M | $866.7M | ||
| Q2 25 | $375.5M | $718.6M | ||
| Q1 25 | $476.2M | $694.5M | ||
| Q4 24 | $202.7M | $671.0M | ||
| Q3 24 | $370.8M | $661.4M | ||
| Q2 24 | $394.8M | $619.3M |
总资产FIPOSBC
| Q1 26 | — | $6.8B | ||
| Q4 25 | $5.7B | $6.9B | ||
| Q3 25 | $5.5B | $7.0B | ||
| Q2 25 | $4.4B | $5.7B | ||
| Q1 25 | $4.1B | $5.7B | ||
| Q4 24 | $2.4B | $5.6B | ||
| Q3 24 | $2.4B | $5.7B | ||
| Q2 24 | $2.5B | $5.7B |
负债/权益比FIPOSBC
| 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 | — |
| 自由现金流经营现金流 - 资本支出 | $-68.6M | — |
| 自由现金流率自由现金流/营收 | -47.8% | — |
| 资本支出强度资本支出/营收 | 45.9% | — |
| 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 | $-398.5M | — |
8季度趋势，按日历期对齐
经营现金流FIPOSBC
| Q1 26 | — | — | ||
| Q4 25 | $-2.8M | $122.3M | ||
| Q3 25 | $-24.4M | $35.9M | ||
| Q2 25 | $-5.2M | $24.2M | ||
| Q1 25 | $-85.7M | $17.8M | ||
| Q4 24 | $-8.1M | $131.5M | ||
| Q3 24 | $14.2M | $48.5M | ||
| Q2 24 | $-17.6M | $11.6M |
自由现金流FIPOSBC
| Q1 26 | — | — | ||
| Q4 25 | $-68.6M | $117.8M | ||
| Q3 25 | $-90.7M | $34.7M | ||
| Q2 25 | $-87.5M | $23.5M | ||
| Q1 25 | $-151.7M | $16.2M | ||
| Q4 24 | $-34.3M | $120.7M | ||
| Q3 24 | $-11.7M | $46.2M | ||
| Q2 24 | $-32.1M | $8.7M |
自由现金流率FIPOSBC
| Q1 26 | — | — | ||
| Q4 25 | -47.8% | 123.7% | ||
| Q3 25 | -64.5% | 36.2% | ||
| Q2 25 | -71.6% | 31.2% | ||
| Q1 25 | -157.7% | 22.2% | ||
| Q4 24 | -42.4% | 165.0% | ||
| Q3 24 | -14.0% | 64.9% | ||
| Q2 24 | -37.9% | 12.3% |
资本支出强度FIPOSBC
| Q1 26 | — | — | ||
| Q4 25 | 45.9% | 4.7% | ||
| Q3 25 | 47.2% | 1.3% | ||
| Q2 25 | 67.3% | 1.1% | ||
| Q1 25 | 68.6% | 2.2% | ||
| Q4 24 | 32.5% | 14.7% | ||
| Q3 24 | 31.1% | 3.3% | ||
| Q2 24 | 17.2% | 4.2% |
现金转化率FIPOSBC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 3.64× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | -0.71× | 0.90× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.11× | ||
| Q2 24 | — | 0.53× |
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% |
OSBC
| Net Interest Income | $81.1M | 87% |
| Noninterest Income | $12.6M | 13% |
