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FTAI Infrastructure Inc.（FIP）与边疆航空（SNCY）财务数据对比。点击上方公司名可切换其他公司
边疆航空的季度营收约是FTAI Infrastructure Inc.的2.0倍（$281.0M vs $143.5M），边疆航空净利率更高（2.9% vs -68.1%，领先71.0%），FTAI Infrastructure Inc.同比增速更快（77.7% vs 7.9%），边疆航空自由现金流更多（$34.9M vs $-68.6M），过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% vs -5.0%）
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。
边疆航空是美国主流超低成本航空公司，总部位于科罗拉多州丹佛市。该航司运营飞往美国本土、加勒比地区、墨西哥及中美洲共120余个目的地的航线，员工规模超过5000人，目前为公开上市企业，枢纽基地覆盖丹佛国际机场、奥兰多国际机场，以及美国本土和波多黎各的另外11座城市。
FIP vs SNCY — 直观对比
营收规模更大
SNCY
是对方的2.0倍
$143.5M
营收增速更快
FIP
高出69.8%
7.9%
净利率更高
SNCY
高出71.0%
-68.1%
自由现金流更多
SNCY
多$103.6M
$-68.6M
两年增速更快
FIP
近两年复合增速
-5.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $143.5M | $281.0M |
| 净利润 | $-97.7M | $8.1M |
| 毛利率 | — | — |
| 营业利润率 | -45.7% | 6.5% |
| 净利率 | -68.1% | 2.9% |
| 营收同比 | 77.7% | 7.9% |
| 净利润同比 | 21.6% | -39.4% |
| 每股收益（稀释后） | $-1.04 | $0.15 |
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FIPSNCY
| Q4 25 | $143.5M | $281.0M | ||
| Q3 25 | $140.6M | $255.5M | ||
| Q2 25 | $122.3M | $263.6M | ||
| Q1 25 | $96.2M | $326.6M | ||
| Q4 24 | $80.8M | $260.4M | ||
| Q3 24 | $83.3M | $249.5M | ||
| Q2 24 | $84.9M | $254.4M | ||
| Q1 24 | $82.5M | $311.5M |
净利润FIPSNCY
| Q4 25 | $-97.7M | $8.1M | ||
| Q3 25 | $-104.5M | $1.6M | ||
| Q2 25 | $-70.0M | $6.6M | ||
| Q1 25 | $120.2M | $36.5M | ||
| Q4 24 | $-124.7M | $13.4M | ||
| Q3 24 | $-43.0M | $2.3M | ||
| Q2 24 | $-48.1M | $1.8M | ||
| Q1 24 | $-50.3M | $35.3M |
营业利润率FIPSNCY
| Q4 25 | -45.7% | 6.5% | ||
| Q3 25 | -70.8% | 3.9% | ||
| Q2 25 | -56.4% | 6.2% | ||
| Q1 25 | 81.8% | 17.2% | ||
| Q4 24 | -152.7% | 10.0% | ||
| Q3 24 | -51.7% | 5.0% | ||
| Q2 24 | -56.4% | 4.9% | ||
| Q1 24 | -58.8% | 17.7% |
净利率FIPSNCY
| Q4 25 | -68.1% | 2.9% | ||
| Q3 25 | -74.4% | 0.6% | ||
| Q2 25 | -57.2% | 2.5% | ||
| Q1 25 | 125.0% | 11.2% | ||
| Q4 24 | -154.4% | 5.2% | ||
| Q3 24 | -51.6% | 0.9% | ||
| Q2 24 | -56.7% | 0.7% | ||
| Q1 24 | -60.9% | 11.3% |
每股收益（稀释后）FIPSNCY
| Q4 25 | $-1.04 | $0.15 | ||
| Q3 25 | $-1.38 | $0.03 | ||
| Q2 25 | $-0.73 | $0.12 | ||
| Q1 25 | $0.89 | $0.66 | ||
| Q4 24 | $-1.21 | $0.25 | ||
| Q3 24 | $-0.45 | $0.04 | ||
| Q2 24 | $-0.52 | $0.03 | ||
| Q1 24 | $-0.54 | $0.64 |
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 | $234.3M |
| 总债务越低越好 | $3.8B | $323.3M |
| 股东权益账面价值 | $21.3M | $625.2M |
| 总资产 | $5.7B | $1.7B |
| 负债/权益比越低杠杆越低 | 176.99× | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资FIPSNCY
| Q4 25 | $57.4M | $234.3M | ||
| Q3 25 | $34.7M | $176.2M | ||
| Q2 25 | $33.6M | $138.3M | ||
| Q1 25 | $26.3M | $158.8M | ||
| Q4 24 | $27.8M | $187.3M | ||
| Q3 24 | $20.3M | $146.5M | ||
| Q2 24 | $33.1M | $135.2M | ||
| Q1 24 | $23.0M | $161.2M |
总债务FIPSNCY
| Q4 25 | $3.8B | $323.3M | ||
| Q3 25 | $3.7B | $301.3M | ||
| Q2 25 | $3.1B | $282.1M | ||
| Q1 25 | $2.8B | $312.6M | ||
| Q4 24 | $1.6B | $327.1M | ||
| Q3 24 | $1.5B | $351.8M | ||
| Q2 24 | $1.6B | $365.5M | ||
| Q1 24 | $1.3B | $388.1M |
股东权益FIPSNCY
| Q4 25 | $21.3M | $625.2M | ||
| Q3 25 | $181.1M | $610.2M | ||
| Q2 25 | $375.5M | $613.0M | ||
| Q1 25 | $476.2M | $603.0M | ||
| Q4 24 | $202.7M | $570.4M | ||
| Q3 24 | $370.8M | $552.5M | ||
| Q2 24 | $394.8M | $546.9M | ||
| Q1 24 | $402.5M | $541.0M |
总资产FIPSNCY
| Q4 25 | $5.7B | $1.7B | ||
| Q3 25 | $5.5B | $1.6B | ||
| Q2 25 | $4.4B | $1.6B | ||
| Q1 25 | $4.1B | $1.6B | ||
| Q4 24 | $2.4B | $1.6B | ||
| Q3 24 | $2.4B | $1.6B | ||
| Q2 24 | $2.5B | $1.6B | ||
| Q1 24 | $2.3B | $1.6B |
负债/权益比FIPSNCY
| Q4 25 | 176.99× | 0.52× | ||
| Q3 25 | 20.59× | 0.49× | ||
| Q2 25 | 8.21× | 0.46× | ||
| Q1 25 | 5.79× | 0.52× | ||
| Q4 24 | 7.84× | 0.57× | ||
| Q3 24 | 4.14× | 0.64× | ||
| Q2 24 | 3.94× | 0.67× | ||
| Q1 24 | 3.34× | 0.72× |
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 | $78.9M |
| 自由现金流经营现金流 - 资本支出 | $-68.6M | $34.9M |
| 自由现金流率自由现金流/营收 | -47.8% | 12.4% |
| 资本支出强度资本支出/营收 | 45.9% | 15.7% |
| 现金转化率经营现金流/净利润 | — | 9.69× |
| 过去12个月自由现金流最近4个季度 | $-398.5M | $84.0M |
8季度趋势，按日历期对齐
经营现金流FIPSNCY
| Q4 25 | $-2.8M | $78.9M | ||
| Q3 25 | $-24.4M | $41.9M | ||
| Q2 25 | $-5.2M | $19.8M | ||
| Q1 25 | $-85.7M | $16.4M | ||
| Q4 24 | $-8.1M | $90.6M | ||
| Q3 24 | $14.2M | $35.4M | ||
| Q2 24 | $-17.6M | $8.2M | ||
| Q1 24 | $-3.9M | $30.7M |
自由现金流FIPSNCY
| Q4 25 | $-68.6M | $34.9M | ||
| Q3 25 | $-90.7M | $34.0M | ||
| Q2 25 | $-87.5M | $14.0M | ||
| Q1 25 | $-151.7M | $1.0M | ||
| Q4 24 | $-34.3M | $85.8M | ||
| Q3 24 | $-11.7M | $31.0M | ||
| Q2 24 | $-32.1M | $-382.0K | ||
| Q1 24 | $-16.7M | $1.0M |
自由现金流率FIPSNCY
| Q4 25 | -47.8% | 12.4% | ||
| Q3 25 | -64.5% | 13.3% | ||
| Q2 25 | -71.6% | 5.3% | ||
| Q1 25 | -157.7% | 0.3% | ||
| Q4 24 | -42.4% | 33.0% | ||
| Q3 24 | -14.0% | 12.4% | ||
| Q2 24 | -37.9% | -0.2% | ||
| Q1 24 | -20.3% | 0.3% |
资本支出强度FIPSNCY
| Q4 25 | 45.9% | 15.7% | ||
| Q3 25 | 47.2% | 3.1% | ||
| Q2 25 | 67.3% | 2.2% | ||
| Q1 25 | 68.6% | 4.7% | ||
| Q4 24 | 32.5% | 1.8% | ||
| Q3 24 | 31.1% | 1.8% | ||
| Q2 24 | 17.2% | 3.4% | ||
| Q1 24 | 15.6% | 9.5% |
现金转化率FIPSNCY
| Q4 25 | — | 9.69× | ||
| Q3 25 | — | 27.03× | ||
| Q2 25 | — | 3.01× | ||
| Q1 25 | -0.71× | 0.45× | ||
| Q4 24 | — | 6.74× | ||
| Q3 24 | — | 15.13× | ||
| Q2 24 | — | 4.50× | ||
| Q1 24 | — | 0.87× |
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% |
SNCY
| Scheduled Service | $95.6M | 34% |
| Ancillary | $69.3M | 25% |
| Charter Service | $56.6M | 20% |
| Cargo And Freight | $48.0M | 17% |
| Service Other | $11.4M | 4% |
