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FTAI Infrastructure Inc.（FIP）与ONESPAWORLD HOLDINGS Ltd（OSW）财务数据对比。点击上方公司名可切换其他公司
ONESPAWORLD HOLDINGS Ltd的季度营收约是FTAI Infrastructure Inc.的1.7倍（$242.1M vs $143.5M），ONESPAWORLD HOLDINGS Ltd净利率更高（5.0% vs -68.1%，领先73.1%），FTAI Infrastructure Inc.同比增速更快（77.7% vs 11.5%），ONESPAWORLD HOLDINGS Ltd自由现金流更多（$14.9M vs $-68.6M），过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% vs 7.1%）
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。
FIP vs OSW — 直观对比
营收规模更大
OSW
是对方的1.7倍
$143.5M
营收增速更快
FIP
高出66.2%
11.5%
净利率更高
OSW
高出73.1%
-68.1%
自由现金流更多
OSW
多$83.5M
$-68.6M
两年增速更快
FIP
近两年复合增速
7.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $143.5M | $242.1M |
| 净利润 | $-97.7M | $12.1M |
| 毛利率 | — | — |
| 营业利润率 | -45.7% | 6.8% |
| 净利率 | -68.1% | 5.0% |
| 营收同比 | 77.7% | 11.5% |
| 净利润同比 | 21.6% | -16.2% |
| 每股收益（稀释后） | $-1.04 | $0.12 |
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FIPOSW
| Q4 25 | $143.5M | $242.1M | ||
| Q3 25 | $140.6M | $258.5M | ||
| Q2 25 | $122.3M | $240.7M | ||
| Q1 25 | $96.2M | $219.6M | ||
| Q4 24 | $80.8M | $217.2M | ||
| Q3 24 | $83.3M | $241.7M | ||
| Q2 24 | $84.9M | $224.9M | ||
| Q1 24 | $82.5M | $211.2M |
净利润FIPOSW
| Q4 25 | $-97.7M | $12.1M | ||
| Q3 25 | $-104.5M | $24.3M | ||
| Q2 25 | $-70.0M | $19.9M | ||
| Q1 25 | $120.2M | $15.3M | ||
| Q4 24 | $-124.7M | $14.4M | ||
| Q3 24 | $-43.0M | $21.6M | ||
| Q2 24 | $-48.1M | $15.8M | ||
| Q1 24 | $-50.3M | $21.2M |
营业利润率FIPOSW
| Q4 25 | -45.7% | 6.8% | ||
| Q3 25 | -70.8% | 10.2% | ||
| Q2 25 | -56.4% | 9.2% | ||
| Q1 25 | 81.8% | 7.7% | ||
| Q4 24 | -152.7% | 7.9% | ||
| Q3 24 | -51.7% | 10.3% | ||
| Q2 24 | -56.4% | 8.4% | ||
| Q1 24 | -58.8% | 8.0% |
净利率FIPOSW
| Q4 25 | -68.1% | 5.0% | ||
| Q3 25 | -74.4% | 9.4% | ||
| Q2 25 | -57.2% | 8.3% | ||
| Q1 25 | 125.0% | 7.0% | ||
| Q4 24 | -154.4% | 6.6% | ||
| Q3 24 | -51.6% | 8.9% | ||
| Q2 24 | -56.7% | 7.0% | ||
| Q1 24 | -60.9% | 10.0% |
每股收益（稀释后）FIPOSW
| Q4 25 | $-1.04 | $0.12 | ||
| Q3 25 | $-1.38 | $0.23 | ||
| Q2 25 | $-0.73 | $0.19 | ||
| Q1 25 | $0.89 | $0.15 | ||
| Q4 24 | $-1.21 | $0.13 | ||
| Q3 24 | $-0.45 | $0.20 | ||
| Q2 24 | $-0.52 | $0.15 | ||
| Q1 24 | $-0.54 | $0.21 |
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 | $16.3M |
| 总债务越低越好 | $3.8B | $84.0M |
| 股东权益账面价值 | $21.3M | $542.6M |
| 总资产 | $5.7B | $707.1M |
| 负债/权益比越低杠杆越低 | 176.99× | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资FIPOSW
| Q4 25 | $57.4M | $16.3M | ||
| Q3 25 | $34.7M | $29.6M | ||
| Q2 25 | $33.6M | $35.0M | ||
| Q1 25 | $26.3M | $22.6M | ||
| Q4 24 | $27.8M | $57.4M | ||
| Q3 24 | $20.3M | $48.8M | ||
| Q2 24 | $33.1M | $62.5M | ||
| Q1 24 | $23.0M | $65.4M |
总债务FIPOSW
| Q4 25 | $3.8B | $84.0M | ||
| Q3 25 | $3.7B | $85.2M | ||
| Q2 25 | $3.1B | $96.2M | ||
| Q1 25 | $2.8B | $97.4M | ||
| Q4 24 | $1.6B | $98.6M | ||
| Q3 24 | $1.5B | $98.7M | ||
| Q2 24 | $1.6B | $123.8M | ||
| Q1 24 | $1.3B | $138.6M |
股东权益FIPOSW
| Q4 25 | $21.3M | $542.6M | ||
| Q3 25 | $181.1M | $552.8M | ||
| Q2 25 | $375.5M | $548.3M | ||
| Q1 25 | $476.2M | $530.6M | ||
| Q4 24 | $202.7M | $554.5M | ||
| Q3 24 | $370.8M | $540.1M | ||
| Q2 24 | $394.8M | $532.7M | ||
| Q1 24 | $402.5M | $515.5M |
总资产FIPOSW
| Q4 25 | $5.7B | $707.1M | ||
| Q3 25 | $5.5B | $732.6M | ||
| Q2 25 | $4.4B | $731.8M | ||
| Q1 25 | $4.1B | $708.7M | ||
| Q4 24 | $2.4B | $746.4M | ||
| Q3 24 | $2.4B | $734.0M | ||
| Q2 24 | $2.5B | $756.8M | ||
| Q1 24 | $2.3B | $763.6M |
负债/权益比FIPOSW
| Q4 25 | 176.99× | 0.15× | ||
| Q3 25 | 20.59× | 0.15× | ||
| Q2 25 | 8.21× | 0.18× | ||
| Q1 25 | 5.79× | 0.18× | ||
| Q4 24 | 7.84× | 0.18× | ||
| Q3 24 | 4.14× | 0.18× | ||
| Q2 24 | 3.94× | 0.23× | ||
| Q1 24 | 3.34× | 0.27× |
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 | $20.0M |
| 自由现金流经营现金流 - 资本支出 | $-68.6M | $14.9M |
| 自由现金流率自由现金流/营收 | -47.8% | 6.2% |
| 资本支出强度资本支出/营收 | 45.9% | 2.1% |
| 现金转化率经营现金流/净利润 | — | 1.65× |
| 过去12个月自由现金流最近4个季度 | $-398.5M | $68.4M |
8季度趋势，按日历期对齐
经营现金流FIPOSW
| Q4 25 | $-2.8M | $20.0M | ||
| Q3 25 | $-24.4M | $33.2M | ||
| Q2 25 | $-5.2M | $20.3M | ||
| Q1 25 | $-85.7M | $10.1M | ||
| Q4 24 | $-8.1M | $16.6M | ||
| Q3 24 | $14.2M | $28.6M | ||
| Q2 24 | $-17.6M | $18.7M | ||
| Q1 24 | $-3.9M | $15.0M |
自由现金流FIPOSW
| Q4 25 | $-68.6M | $14.9M | ||
| Q3 25 | $-90.7M | $27.6M | ||
| Q2 25 | $-87.5M | $17.6M | ||
| Q1 25 | $-151.7M | $8.4M | ||
| Q4 24 | $-34.3M | $13.2M | ||
| Q3 24 | $-11.7M | $27.5M | ||
| Q2 24 | $-32.1M | $17.6M | ||
| Q1 24 | $-16.7M | $13.7M |
自由现金流率FIPOSW
| Q4 25 | -47.8% | 6.2% | ||
| Q3 25 | -64.5% | 10.7% | ||
| Q2 25 | -71.6% | 7.3% | ||
| Q1 25 | -157.7% | 3.8% | ||
| Q4 24 | -42.4% | 6.1% | ||
| Q3 24 | -14.0% | 11.4% | ||
| Q2 24 | -37.9% | 7.8% | ||
| Q1 24 | -20.3% | 6.5% |
资本支出强度FIPOSW
| Q4 25 | 45.9% | 2.1% | ||
| Q3 25 | 47.2% | 2.2% | ||
| Q2 25 | 67.3% | 1.1% | ||
| Q1 25 | 68.6% | 0.8% | ||
| Q4 24 | 32.5% | 1.5% | ||
| Q3 24 | 31.1% | 0.5% | ||
| Q2 24 | 17.2% | 0.5% | ||
| Q1 24 | 15.6% | 0.6% |
现金转化率FIPOSW
| Q4 25 | — | 1.65× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.02× | ||
| Q1 25 | -0.71× | 0.66× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | 1.19× | ||
| Q1 24 | — | 0.71× |
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% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
