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FTAI Infrastructure Inc.（FIP）与SHENANDOAH TELECOMMUNICATIONS CO（SHEN）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SHENANDOAH TELECOMMUNICATIONS CO的2.1倍（$188.4M vs $91.6M），SHENANDOAH TELECOMMUNICATIONS CO净利率更高（-5.9% vs -79.7%，领先73.9%），FTAI Infrastructure Inc.同比增速更快（95.9% vs 7.2%），过去两年FTAI Infrastructure Inc.的营收复合增速更高（49.0% vs 15.0%）
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。
谢南多厄电信是总部位于美国弗吉尼亚州的区域性电信服务商，面向美国中大西洋地区多州的居民及商业客户提供宽带互联网、无线通信、数字有线电视及光纤网络解决方案，重点服务乡村及城郊欠发达区域。
FIP vs SHEN — 直观对比
营收规模更大
FIP
是对方的2.1倍
$91.6M
营收增速更快
FIP
高出88.6%
7.2%
净利率更高
SHEN
高出73.9%
-79.7%
两年增速更快
FIP
近两年复合增速
15.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $188.4M | $91.6M |
| 净利润 | $-150.2M | $-5.4M |
| 毛利率 | — | — |
| 营业利润率 | — | -1.0% |
| 净利率 | -79.7% | -5.9% |
| 营收同比 | 95.9% | 7.2% |
| 净利润同比 | -387.6% | -95.8% |
| 每股收益（稀释后） | $-1.32 | $-0.13 |
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FIPSHEN
| Q1 26 | $188.4M | — | ||
| Q4 25 | $143.5M | $91.6M | ||
| Q3 25 | $140.6M | $89.8M | ||
| Q2 25 | $122.3M | $88.6M | ||
| Q1 25 | $96.2M | $87.9M | ||
| Q4 24 | $80.8M | $85.4M | ||
| Q3 24 | $83.3M | $87.6M | ||
| Q2 24 | $84.9M | $85.8M |
净利润FIPSHEN
| Q1 26 | $-150.2M | — | ||
| Q4 25 | $-97.7M | $-5.4M | ||
| Q3 25 | $-104.5M | $-9.4M | ||
| Q2 25 | $-70.0M | $-9.0M | ||
| Q1 25 | $120.2M | $-9.1M | ||
| Q4 24 | $-124.7M | $-2.7M | ||
| Q3 24 | $-43.0M | $-5.3M | ||
| Q2 24 | $-48.1M | $-12.9M |
营业利润率FIPSHEN
| Q1 26 | — | — | ||
| Q4 25 | -45.7% | -1.0% | ||
| Q3 25 | -70.8% | -8.0% | ||
| Q2 25 | -56.4% | -10.3% | ||
| Q1 25 | 81.8% | -6.9% | ||
| Q4 24 | -152.7% | -6.7% | ||
| Q3 24 | -51.7% | -4.8% | ||
| Q2 24 | -56.4% | -18.5% |
净利率FIPSHEN
| Q1 26 | -79.7% | — | ||
| Q4 25 | -68.1% | -5.9% | ||
| Q3 25 | -74.4% | -10.5% | ||
| Q2 25 | -57.2% | -10.2% | ||
| Q1 25 | 125.0% | -10.4% | ||
| Q4 24 | -154.4% | -3.2% | ||
| Q3 24 | -51.6% | -6.0% | ||
| Q2 24 | -56.7% | -15.0% |
每股收益（稀释后）FIPSHEN
| Q1 26 | $-1.32 | — | ||
| Q4 25 | $-1.04 | $-0.13 | ||
| Q3 25 | $-1.38 | $-0.20 | ||
| Q2 25 | $-0.73 | $-0.19 | ||
| Q1 25 | $0.89 | $-0.19 | ||
| Q4 24 | $-1.21 | $-0.34 | ||
| Q3 24 | $-0.45 | $-0.13 | ||
| Q2 24 | $-0.52 | $-0.24 |
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 | $37.9M | $27.3M |
| 总债务越低越好 | — | $642.4M |
| 股东权益账面价值 | $-122.5K | $880.8M |
| 总资产 | $5.7B | $1.9B |
| 负债/权益比越低杠杆越低 | — | 0.73× |
8季度趋势，按日历期对齐
现金及短期投资FIPSHEN
| Q1 26 | $37.9M | — | ||
| Q4 25 | $57.4M | $27.3M | ||
| Q3 25 | $34.7M | $22.6M | ||
| Q2 25 | $33.6M | $29.1M | ||
| Q1 25 | $26.3M | $87.5M | ||
| Q4 24 | $27.8M | $46.3M | ||
| Q3 24 | $20.3M | $43.1M | ||
| Q2 24 | $33.1M | $43.8M |
总债务FIPSHEN
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | $642.4M | ||
| Q3 25 | $3.7B | $535.4M | ||
| Q2 25 | $3.1B | $513.1M | ||
| Q1 25 | $2.8B | $515.8M | ||
| Q4 24 | $1.6B | $418.0M | ||
| Q3 24 | $1.5B | $345.2M | ||
| Q2 24 | $1.6B | $297.4M |
股东权益FIPSHEN
| Q1 26 | $-122.5K | — | ||
| Q4 25 | $21.3M | $880.8M | ||
| Q3 25 | $181.1M | $892.7M | ||
| Q2 25 | $375.5M | $902.0M | ||
| Q1 25 | $476.2M | $910.5M | ||
| Q4 24 | $202.7M | $918.6M | ||
| Q3 24 | $370.8M | $925.4M | ||
| Q2 24 | $394.8M | $933.1M |
总资产FIPSHEN
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.7B | $1.9B | ||
| Q3 25 | $5.5B | $1.9B | ||
| Q2 25 | $4.4B | $1.8B | ||
| Q1 25 | $4.1B | $1.8B | ||
| Q4 24 | $2.4B | $1.7B | ||
| Q3 24 | $2.4B | $1.7B | ||
| Q2 24 | $2.5B | $1.7B |
负债/权益比FIPSHEN
| Q1 26 | — | — | ||
| Q4 25 | 176.99× | 0.73× | ||
| Q3 25 | 20.59× | 0.60× | ||
| Q2 25 | 8.21× | 0.57× | ||
| Q1 25 | 5.79× | 0.57× | ||
| Q4 24 | 7.84× | 0.46× | ||
| Q3 24 | 4.14× | 0.37× | ||
| Q2 24 | 3.94× | 0.32× |
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 | $-69.4M | $28.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-78.6M |
| 自由现金流率自由现金流/营收 | — | -85.8% |
| 资本支出强度资本支出/营收 | — | 117.2% |
| 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 | — | $-257.9M |
8季度趋势，按日历期对齐
经营现金流FIPSHEN
| Q1 26 | $-69.4M | — | ||
| Q4 25 | $-2.8M | $28.8M | ||
| Q3 25 | $-24.4M | $30.7M | ||
| Q2 25 | $-5.2M | $20.9M | ||
| Q1 25 | $-85.7M | $20.5M | ||
| Q4 24 | $-8.1M | $20.6M | ||
| Q3 24 | $14.2M | $24.3M | ||
| Q2 24 | $-17.6M | $2.5M |
自由现金流FIPSHEN
| Q1 26 | — | — | ||
| Q4 25 | $-68.6M | $-78.6M | ||
| Q3 25 | $-90.7M | $-51.4M | ||
| Q2 25 | $-87.5M | $-65.3M | ||
| Q1 25 | $-151.7M | $-62.7M | ||
| Q4 24 | $-34.3M | $-72.0M | ||
| Q3 24 | $-11.7M | $-51.3M | ||
| Q2 24 | $-32.1M | $-78.3M |
自由现金流率FIPSHEN
| Q1 26 | — | — | ||
| Q4 25 | -47.8% | -85.8% | ||
| Q3 25 | -64.5% | -57.2% | ||
| Q2 25 | -71.6% | -73.7% | ||
| Q1 25 | -157.7% | -71.3% | ||
| Q4 24 | -42.4% | -84.3% | ||
| Q3 24 | -14.0% | -58.5% | ||
| Q2 24 | -37.9% | -91.3% |
资本支出强度FIPSHEN
| Q1 26 | — | — | ||
| Q4 25 | 45.9% | 117.2% | ||
| Q3 25 | 47.2% | 91.4% | ||
| Q2 25 | 67.3% | 97.3% | ||
| Q1 25 | 68.6% | 94.7% | ||
| Q4 24 | 32.5% | 108.4% | ||
| Q3 24 | 31.1% | 86.2% | ||
| Q2 24 | 17.2% | 94.2% |
现金转化率FIPSHEN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.71× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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
暂无分部数据
SHEN
| Residential And SMB Incumbent Broadband | $41.5M | 45% |
| Residential And SMB Glo Fiber Expansion Markets | $23.0M | 25% |
| Commercial Fiber | $20.3M | 22% |
| RLEC Other | $6.8M | 7% |
