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FTAI Infrastructure Inc.（FIP）与QUALYS, INC.（QLYS）财务数据对比。点击上方公司名可切换其他公司
QUALYS, INC.的季度营收约是FTAI Infrastructure Inc.的1.2倍（$175.3M vs $143.5M），QUALYS, INC.净利率更高（30.3% vs -68.1%，领先98.4%），FTAI Infrastructure Inc.同比增速更快（77.7% vs 10.1%），QUALYS, INC.自由现金流更多（$74.9M vs $-68.6M），过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% vs 9.6%）
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。
Qualys是总部位于美国加利福尼亚州福斯特城的科技企业，专注于云安全、合规管理及相关服务，为客户提供覆盖云环境的安全防护与合规解决方案，助力企业应对各类网络安全风险，满足不同行业的合规运营需求。
FIP vs QLYS — 直观对比
营收规模更大
QLYS
是对方的1.2倍
$143.5M
营收增速更快
FIP
高出67.6%
10.1%
净利率更高
QLYS
高出98.4%
-68.1%
自由现金流更多
QLYS
多$143.6M
$-68.6M
两年增速更快
FIP
近两年复合增速
9.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $143.5M | $175.3M |
| 净利润 | $-97.7M | $53.1M |
| 毛利率 | — | 83.4% |
| 营业利润率 | -45.7% | 33.6% |
| 净利率 | -68.1% | 30.3% |
| 营收同比 | 77.7% | 10.1% |
| 净利润同比 | 21.6% | 20.9% |
| 每股收益（稀释后） | $-1.04 | $1.47 |
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FIPQLYS
| Q4 25 | $143.5M | $175.3M | ||
| Q3 25 | $140.6M | $169.9M | ||
| Q2 25 | $122.3M | $164.1M | ||
| Q1 25 | $96.2M | $159.9M | ||
| Q4 24 | $80.8M | $159.2M | ||
| Q3 24 | $83.3M | $153.9M | ||
| Q2 24 | $84.9M | $148.7M | ||
| Q1 24 | $82.5M | $145.8M |
净利润FIPQLYS
| Q4 25 | $-97.7M | $53.1M | ||
| Q3 25 | $-104.5M | $50.3M | ||
| Q2 25 | $-70.0M | $47.3M | ||
| Q1 25 | $120.2M | $47.5M | ||
| Q4 24 | $-124.7M | $44.0M | ||
| Q3 24 | $-43.0M | $46.2M | ||
| Q2 24 | $-48.1M | $43.8M | ||
| Q1 24 | $-50.3M | $39.7M |
毛利率FIPQLYS
| Q4 25 | — | 83.4% | ||
| Q3 25 | — | 83.6% | ||
| Q2 25 | — | 82.4% | ||
| Q1 25 | — | 81.9% | ||
| Q4 24 | — | 81.8% | ||
| Q3 24 | — | 81.3% | ||
| Q2 24 | — | 82.2% | ||
| Q1 24 | — | 81.3% |
营业利润率FIPQLYS
| Q4 25 | -45.7% | 33.6% | ||
| Q3 25 | -70.8% | 35.3% | ||
| Q2 25 | -56.4% | 31.3% | ||
| Q1 25 | 81.8% | 32.4% | ||
| Q4 24 | -152.7% | 31.0% | ||
| Q3 24 | -51.7% | 29.2% | ||
| Q2 24 | -56.4% | 32.3% | ||
| Q1 24 | -58.8% | 30.7% |
净利率FIPQLYS
| Q4 25 | -68.1% | 30.3% | ||
| Q3 25 | -74.4% | 29.6% | ||
| Q2 25 | -57.2% | 28.8% | ||
| Q1 25 | 125.0% | 29.7% | ||
| Q4 24 | -154.4% | 27.6% | ||
| Q3 24 | -51.6% | 30.0% | ||
| Q2 24 | -56.7% | 29.4% | ||
| Q1 24 | -60.9% | 27.2% |
每股收益（稀释后）FIPQLYS
| Q4 25 | $-1.04 | $1.47 | ||
| Q3 25 | $-1.38 | $1.39 | ||
| Q2 25 | $-0.73 | $1.29 | ||
| Q1 25 | $0.89 | $1.29 | ||
| Q4 24 | $-1.21 | $1.19 | ||
| Q3 24 | $-0.45 | $1.24 | ||
| Q2 24 | $-0.52 | $1.17 | ||
| Q1 24 | $-0.54 | $1.05 |
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 | $250.3M |
| 总债务越低越好 | $3.8B | — |
| 股东权益账面价值 | $21.3M | $561.2M |
| 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FIPQLYS
| Q4 25 | $57.4M | $250.3M | ||
| Q3 25 | $34.7M | $225.3M | ||
| Q2 25 | $33.6M | $194.0M | ||
| Q1 25 | $26.3M | $290.7M | ||
| Q4 24 | $27.8M | $232.2M | ||
| Q3 24 | $20.3M | $235.4M | ||
| Q2 24 | $33.1M | $281.2M | ||
| Q1 24 | $23.0M | $273.8M |
总债务FIPQLYS
| 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FIPQLYS
| Q4 25 | $21.3M | $561.2M | ||
| Q3 25 | $181.1M | $529.4M | ||
| Q2 25 | $375.5M | $508.2M | ||
| Q1 25 | $476.2M | $498.0M | ||
| Q4 24 | $202.7M | $477.1M | ||
| Q3 24 | $370.8M | $449.6M | ||
| Q2 24 | $394.8M | $427.8M | ||
| Q1 24 | $402.5M | $404.2M |
总资产FIPQLYS
| Q4 25 | $5.7B | $1.1B | ||
| Q3 25 | $5.5B | $1.0B | ||
| Q2 25 | $4.4B | $999.5M | ||
| Q1 25 | $4.1B | $996.5M | ||
| Q4 24 | $2.4B | $973.5M | ||
| Q3 24 | $2.4B | $908.3M | ||
| Q2 24 | $2.5B | $876.6M | ||
| Q1 24 | $2.3B | $861.8M |
负债/权益比FIPQLYS
| 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 | $75.7M |
| 自由现金流经营现金流 - 资本支出 | $-68.6M | $74.9M |
| 自由现金流率自由现金流/营收 | -47.8% | 42.8% |
| 资本支出强度资本支出/营收 | 45.9% | 0.4% |
| 现金转化率经营现金流/净利润 | — | 1.42× |
| 过去12个月自由现金流最近4个季度 | $-398.5M | $304.4M |
8季度趋势，按日历期对齐
经营现金流FIPQLYS
| Q4 25 | $-2.8M | $75.7M | ||
| Q3 25 | $-24.4M | $90.4M | ||
| Q2 25 | $-5.2M | $33.8M | ||
| Q1 25 | $-85.7M | $109.6M | ||
| Q4 24 | $-8.1M | $47.7M | ||
| Q3 24 | $14.2M | $61.0M | ||
| Q2 24 | $-17.6M | $49.8M | ||
| Q1 24 | $-3.9M | $85.5M |
自由现金流FIPQLYS
| Q4 25 | $-68.6M | $74.9M | ||
| Q3 25 | $-90.7M | $89.5M | ||
| Q2 25 | $-87.5M | $32.4M | ||
| Q1 25 | $-151.7M | $107.5M | ||
| Q4 24 | $-34.3M | $41.9M | ||
| Q3 24 | $-11.7M | $57.6M | ||
| Q2 24 | $-32.1M | $48.8M | ||
| Q1 24 | $-16.7M | $83.5M |
自由现金流率FIPQLYS
| Q4 25 | -47.8% | 42.8% | ||
| Q3 25 | -64.5% | 52.7% | ||
| Q2 25 | -71.6% | 19.8% | ||
| Q1 25 | -157.7% | 67.3% | ||
| Q4 24 | -42.4% | 26.3% | ||
| Q3 24 | -14.0% | 37.4% | ||
| Q2 24 | -37.9% | 32.8% | ||
| Q1 24 | -20.3% | 57.2% |
资本支出强度FIPQLYS
| Q4 25 | 45.9% | 0.4% | ||
| Q3 25 | 47.2% | 0.5% | ||
| Q2 25 | 67.3% | 0.8% | ||
| Q1 25 | 68.6% | 1.3% | ||
| Q4 24 | 32.5% | 3.7% | ||
| Q3 24 | 31.1% | 2.2% | ||
| Q2 24 | 17.2% | 0.7% | ||
| Q1 24 | 15.6% | 1.4% |
现金转化率FIPQLYS
| Q4 25 | — | 1.42× | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | -0.71× | 2.31× | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | — | 1.32× | ||
| Q2 24 | — | 1.14× | ||
| Q1 24 | — | 2.15× |
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% |
QLYS
| Sales Channel Through Intermediary | $88.6M | 51% |
| Sales Channel Directly To Consumer | $86.7M | 49% |
