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FTAI Infrastructure Inc.（FIP）与REPLIGEN CORP（RGEN）财务数据对比。点击上方公司名可切换其他公司
REPLIGEN CORP的季度营收约是FTAI Infrastructure Inc.的1.4倍（$197.9M vs $143.5M），REPLIGEN CORP净利率更高（6.7% vs -68.1%，领先74.8%），FTAI Infrastructure Inc.同比增速更快（77.7% vs 13.6%），REPLIGEN CORP自由现金流更多（$17.6M vs $-68.6M），过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% vs 14.4%）
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。
Repligen是一家全球生命科学企业，专注于创新生物工艺技术与系统的研发及商业化，助力提升生物药生产效率。公司1981年成立，总部位于美国马萨诸塞州沃尔瑟姆，于纳斯达克挂牌上市，股票代码RGEN，截至2025年全球员工超1900人，主要服务生物制药领域客户。
FIP vs RGEN — 直观对比
营收规模更大
RGEN
是对方的1.4倍
$143.5M
营收增速更快
FIP
高出64.1%
13.6%
净利率更高
RGEN
高出74.8%
-68.1%
自由现金流更多
RGEN
多$86.2M
$-68.6M
两年增速更快
FIP
近两年复合增速
14.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $143.5M | $197.9M |
| 净利润 | $-97.7M | $13.3M |
| 毛利率 | — | 52.5% |
| 营业利润率 | -45.7% | 9.0% |
| 净利率 | -68.1% | 6.7% |
| 营收同比 | 77.7% | 13.6% |
| 净利润同比 | 21.6% | 143.9% |
| 每股收益（稀释后） | $-1.04 | $0.24 |
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FIPRGEN
| Q4 25 | $143.5M | $197.9M | ||
| Q3 25 | $140.6M | $188.8M | ||
| Q2 25 | $122.3M | $182.4M | ||
| Q1 25 | $96.2M | $169.2M | ||
| Q4 24 | $80.8M | $174.1M | ||
| Q3 24 | $83.3M | $154.9M | ||
| Q2 24 | $84.9M | $154.1M | ||
| Q1 24 | $82.5M | $151.3M |
净利润FIPRGEN
| Q4 25 | $-97.7M | $13.3M | ||
| Q3 25 | $-104.5M | $14.9M | ||
| Q2 25 | $-70.0M | $14.9M | ||
| Q1 25 | $120.2M | $5.8M | ||
| Q4 24 | $-124.7M | $-30.3M | ||
| Q3 24 | $-43.0M | $-654.0K | ||
| Q2 24 | $-48.1M | $3.3M | ||
| Q1 24 | $-50.3M | $2.1M |
毛利率FIPRGEN
| Q4 25 | — | 52.5% | ||
| Q3 25 | — | 53.2% | ||
| Q2 25 | — | 50.0% | ||
| Q1 25 | — | 53.6% | ||
| Q4 24 | — | 26.1% | ||
| Q3 24 | — | 50.0% | ||
| Q2 24 | — | 49.8% | ||
| Q1 24 | — | 49.5% |
营业利润率FIPRGEN
| Q4 25 | -45.7% | 9.0% | ||
| Q3 25 | -70.8% | 8.9% | ||
| Q2 25 | -56.4% | 7.6% | ||
| Q1 25 | 81.8% | 3.9% | ||
| Q4 24 | -152.7% | -17.7% | ||
| Q3 24 | -51.7% | -5.1% | ||
| Q2 24 | -56.4% | 1.0% | ||
| Q1 24 | -58.8% | 1.3% |
净利率FIPRGEN
| Q4 25 | -68.1% | 6.7% | ||
| Q3 25 | -74.4% | 7.9% | ||
| Q2 25 | -57.2% | 8.2% | ||
| Q1 25 | 125.0% | 3.4% | ||
| Q4 24 | -154.4% | -17.4% | ||
| Q3 24 | -51.6% | -0.4% | ||
| Q2 24 | -56.7% | 2.2% | ||
| Q1 24 | -60.9% | 1.4% |
每股收益（稀释后）FIPRGEN
| Q4 25 | $-1.04 | $0.24 | ||
| Q3 25 | $-1.38 | $0.26 | ||
| Q2 25 | $-0.73 | $0.26 | ||
| Q1 25 | $0.89 | $0.10 | ||
| Q4 24 | $-1.21 | $-0.55 | ||
| Q3 24 | $-0.45 | $-0.01 | ||
| Q2 24 | $-0.52 | $0.06 | ||
| Q1 24 | $-0.54 | $0.04 |
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 | $767.6M |
| 总债务越低越好 | $3.8B | $542.2M |
| 股东权益账面价值 | $21.3M | $2.1B |
| 总资产 | $5.7B | $2.9B |
| 负债/权益比越低杠杆越低 | 176.99× | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资FIPRGEN
| Q4 25 | $57.4M | $767.6M | ||
| Q3 25 | $34.7M | $748.7M | ||
| Q2 25 | $33.6M | $708.9M | ||
| Q1 25 | $26.3M | $697.2M | ||
| Q4 24 | $27.8M | $757.4M | ||
| Q3 24 | $20.3M | $784.0M | ||
| Q2 24 | $33.1M | $809.1M | ||
| Q1 24 | $23.0M | $780.6M |
总债务FIPRGEN
| Q4 25 | $3.8B | $542.2M | ||
| Q3 25 | $3.7B | $537.9M | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $1.6B | $525.6M | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $1.3B | — |
股东权益FIPRGEN
| Q4 25 | $21.3M | $2.1B | ||
| Q3 25 | $181.1M | $2.1B | ||
| Q2 25 | $375.5M | $2.1B | ||
| Q1 25 | $476.2M | $2.0B | ||
| Q4 24 | $202.7M | $2.0B | ||
| Q3 24 | $370.8M | $2.0B | ||
| Q2 24 | $394.8M | $2.0B | ||
| Q1 24 | $402.5M | $2.0B |
总资产FIPRGEN
| Q4 25 | $5.7B | $2.9B | ||
| Q3 25 | $5.5B | $2.9B | ||
| Q2 25 | $4.4B | $2.9B | ||
| Q1 25 | $4.1B | $2.9B | ||
| Q4 24 | $2.4B | $2.8B | ||
| Q3 24 | $2.4B | $2.8B | ||
| Q2 24 | $2.5B | $2.9B | ||
| Q1 24 | $2.3B | $2.8B |
负债/权益比FIPRGEN
| Q4 25 | 176.99× | 0.26× | ||
| Q3 25 | 20.59× | 0.26× | ||
| Q2 25 | 8.21× | — | ||
| Q1 25 | 5.79× | — | ||
| Q4 24 | 7.84× | 0.27× | ||
| 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 | $25.7M |
| 自由现金流经营现金流 - 资本支出 | $-68.6M | $17.6M |
| 自由现金流率自由现金流/营收 | -47.8% | 8.9% |
| 资本支出强度资本支出/营收 | 45.9% | 4.1% |
| 现金转化率经营现金流/净利润 | — | 1.93× |
| 过去12个月自由现金流最近4个季度 | $-398.5M | $93.9M |
8季度趋势，按日历期对齐
经营现金流FIPRGEN
| Q4 25 | $-2.8M | $25.7M | ||
| Q3 25 | $-24.4M | $48.1M | ||
| Q2 25 | $-5.2M | $28.6M | ||
| Q1 25 | $-85.7M | $15.0M | ||
| Q4 24 | $-8.1M | $39.2M | ||
| Q3 24 | $14.2M | $49.3M | ||
| Q2 24 | $-17.6M | $42.2M | ||
| Q1 24 | $-3.9M | $44.7M |
自由现金流FIPRGEN
| Q4 25 | $-68.6M | $17.6M | ||
| Q3 25 | $-90.7M | $43.4M | ||
| Q2 25 | $-87.5M | $21.5M | ||
| Q1 25 | $-151.7M | $11.4M | ||
| Q4 24 | $-34.3M | $33.6M | ||
| Q3 24 | $-11.7M | $42.3M | ||
| Q2 24 | $-32.1M | $37.4M | ||
| Q1 24 | $-16.7M | $36.4M |
自由现金流率FIPRGEN
| Q4 25 | -47.8% | 8.9% | ||
| Q3 25 | -64.5% | 23.0% | ||
| Q2 25 | -71.6% | 11.8% | ||
| Q1 25 | -157.7% | 6.8% | ||
| Q4 24 | -42.4% | 19.3% | ||
| Q3 24 | -14.0% | 27.3% | ||
| Q2 24 | -37.9% | 24.3% | ||
| Q1 24 | -20.3% | 24.0% |
资本支出强度FIPRGEN
| Q4 25 | 45.9% | 4.1% | ||
| Q3 25 | 47.2% | 2.5% | ||
| Q2 25 | 67.3% | 3.9% | ||
| Q1 25 | 68.6% | 2.1% | ||
| Q4 24 | 32.5% | 3.2% | ||
| Q3 24 | 31.1% | 4.5% | ||
| Q2 24 | 17.2% | 3.1% | ||
| Q1 24 | 15.6% | 5.5% |
现金转化率FIPRGEN
| Q4 25 | — | 1.93× | ||
| Q3 25 | — | 3.23× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | -0.71× | 2.57× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 12.70× | ||
| Q1 24 | — | 21.35× |
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% |
RGEN
暂无分部数据
