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FTAI Infrastructure Inc.（FIP）与Planet Labs PBC（PL）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Planet Labs PBC的1.8倍（$143.5M vs $81.3M），FTAI Infrastructure Inc.净利率更高（-68.1% vs -72.8%，领先4.7%），FTAI Infrastructure Inc.同比增速更快（77.7% vs 32.6%），Planet Labs PBC自由现金流更多（$1.9M vs $-68.6M），过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% vs 17.5%）
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。
Planet Labs PBC（常简称为Planet）是总部位于美国加利福尼亚州旧金山的上市地球影像企业，核心目标是实现全球范围的每日成像，以此监测地表变化、精准识别相关趋势，为多行业的地理数据分析需求提供可靠的数据支持。
FIP vs PL — 直观对比
营收规模更大
FIP
是对方的1.8倍
$81.3M
营收增速更快
FIP
高出45.1%
32.6%
净利率更高
FIP
高出4.7%
-72.8%
自由现金流更多
PL
多$70.5M
$-68.6M
两年增速更快
FIP
近两年复合增速
17.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $143.5M | $81.3M |
| 净利润 | $-97.7M | $-59.2M |
| 毛利率 | — | 57.3% |
| 营业利润率 | -45.7% | -22.6% |
| 净利率 | -68.1% | -72.8% |
| 营收同比 | 77.7% | 32.6% |
| 净利润同比 | 21.6% | -194.7% |
| 每股收益（稀释后） | $-1.04 | $-0.19 |
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FIPPL
| Q4 25 | $143.5M | $81.3M | ||
| Q3 25 | $140.6M | $73.4M | ||
| Q2 25 | $122.3M | $66.3M | ||
| Q1 25 | $96.2M | $61.6M | ||
| Q4 24 | $80.8M | $61.3M | ||
| Q3 24 | $83.3M | $61.1M | ||
| Q2 24 | $84.9M | $60.4M | ||
| Q1 24 | $82.5M | $58.9M |
净利润FIPPL
| Q4 25 | $-97.7M | $-59.2M | ||
| Q3 25 | $-104.5M | $-22.6M | ||
| Q2 25 | $-70.0M | $-12.6M | ||
| Q1 25 | $120.2M | $-35.2M | ||
| Q4 24 | $-124.7M | $-20.1M | ||
| Q3 24 | $-43.0M | $-38.7M | ||
| Q2 24 | $-48.1M | $-29.3M | ||
| Q1 24 | $-50.3M | $-30.1M |
毛利率FIPPL
| Q4 25 | — | 57.3% | ||
| Q3 25 | — | 57.6% | ||
| Q2 25 | — | 55.2% | ||
| Q1 25 | — | 62.1% | ||
| Q4 24 | — | 61.2% | ||
| Q3 24 | — | 52.9% | ||
| Q2 24 | — | 52.4% | ||
| Q1 24 | — | 55.2% |
营业利润率FIPPL
| Q4 25 | -45.7% | -22.6% | ||
| Q3 25 | -70.8% | -24.5% | ||
| Q2 25 | -56.4% | -34.4% | ||
| Q1 25 | 81.8% | -31.5% | ||
| Q4 24 | -152.7% | -36.9% | ||
| Q3 24 | -51.7% | -64.8% | ||
| Q2 24 | -56.4% | -57.2% | ||
| Q1 24 | -58.8% | -57.6% |
净利率FIPPL
| Q4 25 | -68.1% | -72.8% | ||
| Q3 25 | -74.4% | -30.8% | ||
| Q2 25 | -57.2% | -19.1% | ||
| Q1 25 | 125.0% | -57.1% | ||
| Q4 24 | -154.4% | -32.8% | ||
| Q3 24 | -51.6% | -63.3% | ||
| Q2 24 | -56.7% | -48.5% | ||
| Q1 24 | -60.9% | -51.1% |
每股收益（稀释后）FIPPL
| Q4 25 | $-1.04 | $-0.19 | ||
| Q3 25 | $-1.38 | $-0.07 | ||
| Q2 25 | $-0.73 | $-0.04 | ||
| Q1 25 | $0.89 | $-0.12 | ||
| Q4 24 | $-1.21 | $-0.07 | ||
| Q3 24 | $-0.45 | $-0.13 | ||
| Q2 24 | $-0.52 | $-0.10 | ||
| Q1 24 | $-0.54 | $-0.10 |
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 | $443.3M |
| 总债务越低越好 | $3.8B | — |
| 股东权益账面价值 | $21.3M | $349.6M |
| 总资产 | $5.7B | $1.1B |
| 负债/权益比越低杠杆越低 | 176.99× | — |
8季度趋势，按日历期对齐
现金及短期投资FIPPL
| Q4 25 | $57.4M | $443.3M | ||
| Q3 25 | $34.7M | $181.1M | ||
| Q2 25 | $33.6M | $133.5M | ||
| Q1 25 | $26.3M | $118.0M | ||
| Q4 24 | $27.8M | $139.0M | ||
| Q3 24 | $20.3M | $148.3M | ||
| Q2 24 | $33.1M | $107.4M | ||
| Q1 24 | $23.0M | $83.9M |
总债务FIPPL
| 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FIPPL
| Q4 25 | $21.3M | $349.6M | ||
| Q3 25 | $181.1M | $435.7M | ||
| Q2 25 | $375.5M | $444.8M | ||
| Q1 25 | $476.2M | $441.3M | ||
| Q4 24 | $202.7M | $464.6M | ||
| Q3 24 | $370.8M | $473.2M | ||
| Q2 24 | $394.8M | $500.3M | ||
| Q1 24 | $402.5M | $518.0M |
总资产FIPPL
| Q4 25 | $5.7B | $1.1B | ||
| Q3 25 | $5.5B | $696.4M | ||
| Q2 25 | $4.4B | $658.4M | ||
| Q1 25 | $4.1B | $633.8M | ||
| Q4 24 | $2.4B | $630.8M | ||
| Q3 24 | $2.4B | $658.4M | ||
| Q2 24 | $2.5B | $674.6M | ||
| Q1 24 | $2.3B | $702.0M |
负债/权益比FIPPL
| 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 | $28.6M |
| 自由现金流经营现金流 - 资本支出 | $-68.6M | $1.9M |
| 自由现金流率自由现金流/营收 | -47.8% | 2.3% |
| 资本支出强度资本支出/营收 | 45.9% | 32.9% |
| 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 | $40.7M |
8季度趋势，按日历期对齐
经营现金流FIPPL
| Q4 25 | $-2.8M | $28.6M | ||
| Q3 25 | $-24.4M | $67.8M | ||
| Q2 25 | $-5.2M | $17.3M | ||
| Q1 25 | $-85.7M | $-6.3M | ||
| Q4 24 | $-8.1M | $4.1M | ||
| Q3 24 | $14.2M | $-7.9M | ||
| Q2 24 | $-17.6M | $-4.3M | ||
| Q1 24 | $-3.9M | $-6.8M |
自由现金流FIPPL
| Q4 25 | $-68.6M | $1.9M | ||
| Q3 25 | $-90.7M | $47.5M | ||
| Q2 25 | $-87.5M | $9.2M | ||
| Q1 25 | $-151.7M | $-17.9M | ||
| Q4 24 | $-34.3M | $-3.6M | ||
| Q3 24 | $-11.7M | $-23.0M | ||
| Q2 24 | $-32.1M | $-14.2M | ||
| Q1 24 | $-16.7M | $-15.7M |
自由现金流率FIPPL
| Q4 25 | -47.8% | 2.3% | ||
| Q3 25 | -64.5% | 64.7% | ||
| Q2 25 | -71.6% | 13.9% | ||
| Q1 25 | -157.7% | -29.1% | ||
| Q4 24 | -42.4% | -5.8% | ||
| Q3 24 | -14.0% | -37.6% | ||
| Q2 24 | -37.9% | -23.6% | ||
| Q1 24 | -20.3% | -26.7% |
资本支出强度FIPPL
| Q4 25 | 45.9% | 32.9% | ||
| Q3 25 | 47.2% | 27.6% | ||
| Q2 25 | 67.3% | 12.3% | ||
| Q1 25 | 68.6% | 18.9% | ||
| Q4 24 | 32.5% | 12.5% | ||
| Q3 24 | 31.1% | 24.8% | ||
| Q2 24 | 17.2% | 16.4% | ||
| Q1 24 | 15.6% | 15.1% |
现金转化率FIPPL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.71× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
PL
| Defense And Intelligence | $49.4M | 61% |
| Civil Government | $18.8M | 23% |
| Commercial | $13.1M | 16% |
