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FTAI Infrastructure Inc.（FIP）与福尼克斯（PLAB）财务数据对比。点击上方公司名可切换其他公司
福尼克斯的季度营收约是FTAI Infrastructure Inc.的1.5倍（$210.4M vs $143.5M），福尼克斯净利率更高（10.9% vs -68.1%，领先79.0%），FTAI Infrastructure Inc.同比增速更快（77.7% vs -5.5%），福尼克斯自由现金流更多（$25.2M vs $-68.6M），过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% vs -3.8%）
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。
福尼克斯是美国半导体光掩模制造商，2009年时位居全球第三大光掩模供应商，同时也是电子束产业倡议组织的成员，专注于为半导体行业提供关键的掩模产品，支撑芯片制造环节的图形转移需求。
FIP vs PLAB — 直观对比
营收规模更大
PLAB
是对方的1.5倍
$143.5M
营收增速更快
FIP
高出83.2%
-5.5%
净利率更高
PLAB
高出79.0%
-68.1%
自由现金流更多
PLAB
多$93.9M
$-68.6M
两年增速更快
FIP
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $143.5M | $210.4M |
| 净利润 | $-97.7M | $22.9M |
| 毛利率 | — | 33.7% |
| 营业利润率 | -45.7% | 22.9% |
| 净利率 | -68.1% | 10.9% |
| 营收同比 | 77.7% | -5.5% |
| 净利润同比 | 21.6% | -32.4% |
| 每股收益（稀释后） | $-1.04 | $0.39 |
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FIPPLAB
| Q4 25 | $143.5M | — | ||
| Q3 25 | $140.6M | $210.4M | ||
| Q2 25 | $122.3M | $211.0M | ||
| Q1 25 | $96.2M | $212.1M | ||
| Q4 24 | $80.8M | $222.6M | ||
| Q3 24 | $83.3M | $211.0M | ||
| Q2 24 | $84.9M | $217.0M | ||
| Q1 24 | $82.5M | $216.3M |
净利润FIPPLAB
| Q4 25 | $-97.7M | — | ||
| Q3 25 | $-104.5M | $22.9M | ||
| Q2 25 | $-70.0M | $8.9M | ||
| Q1 25 | $120.2M | $42.9M | ||
| Q4 24 | $-124.7M | $33.9M | ||
| Q3 24 | $-43.0M | $34.4M | ||
| Q2 24 | $-48.1M | $36.3M | ||
| Q1 24 | $-50.3M | $26.2M |
毛利率FIPPLAB
| Q4 25 | — | — | ||
| Q3 25 | — | 33.7% | ||
| Q2 25 | — | 36.9% | ||
| Q1 25 | — | 35.6% | ||
| Q4 24 | — | 37.0% | ||
| Q3 24 | — | 35.6% | ||
| Q2 24 | — | 36.5% | ||
| Q1 24 | — | 36.6% |
营业利润率FIPPLAB
| Q4 25 | -45.7% | — | ||
| Q3 25 | -70.8% | 22.9% | ||
| Q2 25 | -56.4% | 26.4% | ||
| Q1 25 | 81.8% | 24.6% | ||
| Q4 24 | -152.7% | 25.1% | ||
| Q3 24 | -51.7% | 24.7% | ||
| Q2 24 | -56.4% | 25.8% | ||
| Q1 24 | -58.8% | 26.6% |
净利率FIPPLAB
| Q4 25 | -68.1% | — | ||
| Q3 25 | -74.4% | 10.9% | ||
| Q2 25 | -57.2% | 4.2% | ||
| Q1 25 | 125.0% | 20.2% | ||
| Q4 24 | -154.4% | 15.2% | ||
| Q3 24 | -51.6% | 16.3% | ||
| Q2 24 | -56.7% | 16.7% | ||
| Q1 24 | -60.9% | 12.1% |
每股收益（稀释后）FIPPLAB
| Q4 25 | $-1.04 | — | ||
| Q3 25 | $-1.38 | $0.39 | ||
| Q2 25 | $-0.73 | $0.15 | ||
| Q1 25 | $0.89 | $0.68 | ||
| Q4 24 | $-1.21 | $0.54 | ||
| Q3 24 | $-0.45 | $0.55 | ||
| Q2 24 | $-0.52 | $0.58 | ||
| Q1 24 | $-0.54 | $0.42 |
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 | $575.8M |
| 总债务越低越好 | $3.8B | $16.0K |
| 股东权益账面价值 | $21.3M | $1.1B |
| 总资产 | $5.7B | $1.8B |
| 负债/权益比越低杠杆越低 | 176.99× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资FIPPLAB
| Q4 25 | $57.4M | — | ||
| Q3 25 | $34.7M | $575.8M | ||
| Q2 25 | $33.6M | $558.4M | ||
| Q1 25 | $26.3M | $642.2M | ||
| Q4 24 | $27.8M | $640.7M | ||
| Q3 24 | $20.3M | $606.4M | ||
| Q2 24 | $33.1M | $559.9M | ||
| Q1 24 | $23.0M | $521.5M |
总债务FIPPLAB
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.7B | $16.0K | ||
| Q2 25 | $3.1B | $19.0K | ||
| Q1 25 | $2.8B | $21.0K | ||
| Q4 24 | $1.6B | $25.0K | ||
| Q3 24 | $1.5B | $28.0K | ||
| Q2 24 | $1.6B | $2.5M | ||
| Q1 24 | $1.3B | $2.7M |
股东权益FIPPLAB
| Q4 25 | $21.3M | — | ||
| Q3 25 | $181.1M | $1.1B | ||
| Q2 25 | $375.5M | $1.1B | ||
| Q1 25 | $476.2M | $1.1B | ||
| Q4 24 | $202.7M | $1.1B | ||
| Q3 24 | $370.8M | $1.1B | ||
| Q2 24 | $394.8M | $1.0B | ||
| Q1 24 | $402.5M | $1.0B |
总资产FIPPLAB
| Q4 25 | $5.7B | — | ||
| Q3 25 | $5.5B | $1.8B | ||
| Q2 25 | $4.4B | $1.7B | ||
| Q1 25 | $4.1B | $1.7B | ||
| Q4 24 | $2.4B | $1.7B | ||
| Q3 24 | $2.4B | $1.6B | ||
| Q2 24 | $2.5B | $1.6B | ||
| Q1 24 | $2.3B | $1.6B |
负债/权益比FIPPLAB
| Q4 25 | 176.99× | — | ||
| Q3 25 | 20.59× | 0.00× | ||
| Q2 25 | 8.21× | 0.00× | ||
| Q1 25 | 5.79× | 0.00× | ||
| Q4 24 | 7.84× | 0.00× | ||
| Q3 24 | 4.14× | 0.00× | ||
| Q2 24 | 3.94× | 0.00× | ||
| Q1 24 | 3.34× | 0.00× |
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 | $50.1M |
| 自由现金流经营现金流 - 资本支出 | $-68.6M | $25.2M |
| 自由现金流率自由现金流/营收 | -47.8% | 12.0% |
| 资本支出强度资本支出/营收 | 45.9% | 11.8% |
| 现金转化率经营现金流/净利润 | — | 2.19× |
| 过去12个月自由现金流最近4个季度 | $-398.5M | $64.5M |
8季度趋势，按日历期对齐
经营现金流FIPPLAB
| Q4 25 | $-2.8M | — | ||
| Q3 25 | $-24.4M | $50.1M | ||
| Q2 25 | $-5.2M | $31.5M | ||
| Q1 25 | $-85.7M | $78.5M | ||
| Q4 24 | $-8.1M | $68.4M | ||
| Q3 24 | $14.2M | $75.1M | ||
| Q2 24 | $-17.6M | $76.5M | ||
| Q1 24 | $-3.9M | $41.5M |
自由现金流FIPPLAB
| Q4 25 | $-68.6M | — | ||
| Q3 25 | $-90.7M | $25.2M | ||
| Q2 25 | $-87.5M | $-29.1M | ||
| Q1 25 | $-151.7M | $43.3M | ||
| Q4 24 | $-34.3M | $25.2M | ||
| Q3 24 | $-11.7M | $50.7M | ||
| Q2 24 | $-32.1M | $56.5M | ||
| Q1 24 | $-16.7M | $-1.8M |
自由现金流率FIPPLAB
| Q4 25 | -47.8% | — | ||
| Q3 25 | -64.5% | 12.0% | ||
| Q2 25 | -71.6% | -13.8% | ||
| Q1 25 | -157.7% | 20.4% | ||
| Q4 24 | -42.4% | 11.3% | ||
| Q3 24 | -14.0% | 24.0% | ||
| Q2 24 | -37.9% | 26.0% | ||
| Q1 24 | -20.3% | -0.8% |
资本支出强度FIPPLAB
| Q4 25 | 45.9% | — | ||
| Q3 25 | 47.2% | 11.8% | ||
| Q2 25 | 67.3% | 28.7% | ||
| Q1 25 | 68.6% | 16.6% | ||
| Q4 24 | 32.5% | 19.4% | ||
| Q3 24 | 31.1% | 11.6% | ||
| Q2 24 | 17.2% | 9.2% | ||
| Q1 24 | 15.6% | 20.0% |
现金转化率FIPPLAB
| Q4 25 | — | — | ||
| Q3 25 | — | 2.19× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | -0.71× | 1.83× | ||
| Q4 24 | — | 2.02× | ||
| Q3 24 | — | 2.18× | ||
| Q2 24 | — | 2.11× | ||
| Q1 24 | — | 1.59× |
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% |
PLAB
| High End Integrated Circuits | $53.6M | 25% |
| High End Flat Panel Displays | $53.5M | 25% |
| KR | $43.7M | 21% |
| Other | $42.1M | 20% |
| Mainstream Flat Panel Displays | $9.1M | 4% |
| Transferred At Point In Time | $8.4M | 4% |
