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FTAI Infrastructure Inc.（FIP）与Perimeter Solutions, Inc.（PRM）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Perimeter Solutions, Inc.的1.4倍（$143.5M vs $102.8M），FTAI Infrastructure Inc.净利率更高（-68.1% vs -136.5%，领先68.4%），FTAI Infrastructure Inc.同比增速更快（77.7% vs 19.2%），Perimeter Solutions, Inc.自由现金流更多（$11.6M vs $-68.6M），过去两年Perimeter Solutions, Inc.的营收复合增速更高（31.9% vs 31.9%）
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。
Perimeter Solutions是一家以色列云与网络安全企业，专为各类机构打造基于零信任架构的安全远程网络方案，其技术可替代VPN、防火墙等传统安全硬件设备，助力企业简化网络安全部署，提升远程访问的安全性与效率。
FIP vs PRM — 直观对比
营收规模更大
FIP
是对方的1.4倍
$102.8M
营收增速更快
FIP
高出58.5%
19.2%
净利率更高
FIP
高出68.4%
-136.5%
自由现金流更多
PRM
多$80.2M
$-68.6M
两年增速更快
PRM
近两年复合增速
31.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $143.5M | $102.8M |
| 净利润 | $-97.7M | $-140.2M |
| 毛利率 | — | 45.2% |
| 营业利润率 | -45.7% | -160.7% |
| 净利率 | -68.1% | -136.5% |
| 营收同比 | 77.7% | 19.2% |
| 净利润同比 | 21.6% | -197.3% |
| 每股收益（稀释后） | $-1.04 | $-0.89 |
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FIPPRM
| Q4 25 | $143.5M | $102.8M | ||
| Q3 25 | $140.6M | $315.4M | ||
| Q2 25 | $122.3M | $162.6M | ||
| Q1 25 | $96.2M | $72.0M | ||
| Q4 24 | $80.8M | $86.2M | ||
| Q3 24 | $83.3M | $288.4M | ||
| Q2 24 | $84.9M | $127.3M | ||
| Q1 24 | $82.5M | $59.0M |
净利润FIPPRM
| Q4 25 | $-97.7M | $-140.2M | ||
| Q3 25 | $-104.5M | $-90.7M | ||
| Q2 25 | $-70.0M | $-32.2M | ||
| Q1 25 | $120.2M | $56.7M | ||
| Q4 24 | $-124.7M | $144.2M | ||
| Q3 24 | $-43.0M | $-89.2M | ||
| Q2 24 | $-48.1M | $21.6M | ||
| Q1 24 | $-50.3M | $-82.6M |
毛利率FIPPRM
| Q4 25 | — | 45.2% | ||
| Q3 25 | — | 63.1% | ||
| Q2 25 | — | 62.4% | ||
| Q1 25 | — | 39.1% | ||
| Q4 24 | — | 48.6% | ||
| Q3 24 | — | 62.8% | ||
| Q2 24 | — | 57.6% | ||
| Q1 24 | — | 35.1% |
营业利润率FIPPRM
| Q4 25 | -45.7% | -160.7% | ||
| Q3 25 | -70.8% | -27.7% | ||
| Q2 25 | -56.4% | -16.1% | ||
| Q1 25 | 81.8% | — | ||
| Q4 24 | -152.7% | 71.1% | ||
| Q3 24 | -51.7% | -12.2% | ||
| Q2 24 | -56.4% | 35.4% | ||
| Q1 24 | -58.8% | -126.8% |
净利率FIPPRM
| Q4 25 | -68.1% | -136.5% | ||
| Q3 25 | -74.4% | -28.7% | ||
| Q2 25 | -57.2% | -19.8% | ||
| Q1 25 | 125.0% | 78.7% | ||
| Q4 24 | -154.4% | 167.2% | ||
| Q3 24 | -51.6% | -30.9% | ||
| Q2 24 | -56.7% | 17.0% | ||
| Q1 24 | -60.9% | -139.8% |
每股收益（稀释后）FIPPRM
| Q4 25 | $-1.04 | $-0.89 | ||
| Q3 25 | $-1.38 | $-0.62 | ||
| Q2 25 | $-0.73 | $-0.22 | ||
| Q1 25 | $0.89 | $0.36 | ||
| Q4 24 | $-1.21 | $1.00 | ||
| Q3 24 | $-0.45 | $-0.61 | ||
| Q2 24 | $-0.52 | $0.14 | ||
| Q1 24 | $-0.54 | $-0.57 |
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 | $325.9M |
| 总债务越低越好 | $3.8B | $669.1M |
| 股东权益账面价值 | $21.3M | $1.1B |
| 总资产 | $5.7B | $2.7B |
| 负债/权益比越低杠杆越低 | 176.99× | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资FIPPRM
| Q4 25 | $57.4M | $325.9M | ||
| Q3 25 | $34.7M | $340.6M | ||
| Q2 25 | $33.6M | $140.7M | ||
| Q1 25 | $26.3M | $200.1M | ||
| Q4 24 | $27.8M | $198.5M | ||
| Q3 24 | $20.3M | $223.1M | ||
| Q2 24 | $33.1M | $43.2M | ||
| Q1 24 | $23.0M | $38.7M |
总债务FIPPRM
| Q4 25 | $3.8B | $669.1M | ||
| Q3 25 | $3.7B | $668.8M | ||
| Q2 25 | $3.1B | $668.4M | ||
| Q1 25 | $2.8B | $668.1M | ||
| Q4 24 | $1.6B | $667.8M | ||
| Q3 24 | $1.5B | $667.4M | ||
| Q2 24 | $1.6B | $667.1M | ||
| Q1 24 | $1.3B | $666.8M |
股东权益FIPPRM
| Q4 25 | $21.3M | $1.1B | ||
| Q3 25 | $181.1M | $1.1B | ||
| Q2 25 | $375.5M | $1.2B | ||
| Q1 25 | $476.2M | $1.2B | ||
| Q4 24 | $202.7M | $1.2B | ||
| Q3 24 | $370.8M | $1.0B | ||
| Q2 24 | $394.8M | $1.1B | ||
| Q1 24 | $402.5M | $1.1B |
总资产FIPPRM
| Q4 25 | $5.7B | $2.7B | ||
| Q3 25 | $5.5B | $2.6B | ||
| Q2 25 | $4.4B | $2.5B | ||
| Q1 25 | $4.1B | $2.4B | ||
| Q4 24 | $2.4B | $2.4B | ||
| Q3 24 | $2.4B | $2.5B | ||
| Q2 24 | $2.5B | $2.3B | ||
| Q1 24 | $2.3B | $2.3B |
负债/权益比FIPPRM
| Q4 25 | 176.99× | 0.59× | ||
| Q3 25 | 20.59× | 0.60× | ||
| Q2 25 | 8.21× | 0.57× | ||
| Q1 25 | 5.79× | 0.55× | ||
| Q4 24 | 7.84× | 0.58× | ||
| Q3 24 | 4.14× | 0.67× | ||
| Q2 24 | 3.94× | 0.62× | ||
| Q1 24 | 3.34× | 0.63× |
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 | $18.6M |
| 自由现金流经营现金流 - 资本支出 | $-68.6M | $11.6M |
| 自由现金流率自由现金流/营收 | -47.8% | 11.3% |
| 资本支出强度资本支出/营收 | 45.9% | 6.8% |
| 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 | $208.6M |
8季度趋势，按日历期对齐
经营现金流FIPPRM
| Q4 25 | $-2.8M | $18.6M | ||
| Q3 25 | $-24.4M | $198.7M | ||
| Q2 25 | $-5.2M | $-2.9M | ||
| Q1 25 | $-85.7M | $23.7M | ||
| Q4 24 | $-8.1M | $-6.0M | ||
| Q3 24 | $14.2M | $183.0M | ||
| Q2 24 | $-17.6M | $8.6M | ||
| Q1 24 | $-3.9M | $2.8M |
自由现金流FIPPRM
| Q4 25 | $-68.6M | $11.6M | ||
| Q3 25 | $-90.7M | $193.6M | ||
| Q2 25 | $-87.5M | $-15.6M | ||
| Q1 25 | $-151.7M | $18.9M | ||
| Q4 24 | $-34.3M | $-12.4M | ||
| Q3 24 | $-11.7M | $179.1M | ||
| Q2 24 | $-32.1M | $5.0M | ||
| Q1 24 | $-16.7M | $1.2M |
自由现金流率FIPPRM
| Q4 25 | -47.8% | 11.3% | ||
| Q3 25 | -64.5% | 61.4% | ||
| Q2 25 | -71.6% | -9.6% | ||
| Q1 25 | -157.7% | 26.3% | ||
| Q4 24 | -42.4% | -14.4% | ||
| Q3 24 | -14.0% | 62.1% | ||
| Q2 24 | -37.9% | 3.9% | ||
| Q1 24 | -20.3% | 2.1% |
资本支出强度FIPPRM
| Q4 25 | 45.9% | 6.8% | ||
| Q3 25 | 47.2% | 1.6% | ||
| Q2 25 | 67.3% | 7.8% | ||
| Q1 25 | 68.6% | 6.7% | ||
| Q4 24 | 32.5% | 7.5% | ||
| Q3 24 | 31.1% | 1.3% | ||
| Q2 24 | 17.2% | 2.9% | ||
| Q1 24 | 15.6% | 2.6% |
现金转化率FIPPRM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.71× | 0.42× | ||
| Q4 24 | — | -0.04× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.40× | ||
| 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% |
PRM
| Products | $87.7M | 85% |
| Service And Other | $14.8M | 14% |
