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FTAI Infrastructure Inc.（FIP）与合众银行（STBA）财务数据对比。点击上方公司名可切换其他公司
FTAI Infrastructure Inc.的季度营收约是合众银行的1.4倍（$143.5M vs $102.1M），合众银行净利率更高（34.4% vs -68.1%，领先102.4%），过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% vs 2.6%）
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。
合众银行是总部位于美国明尼苏达州明尼阿波利斯、注册地为特拉华州的跨国银行机构，截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为系统重要性机构。旗下核心运营主体为美国合众银行全国协会，以“U.S. Bank”品牌开展业务，提供银行、投资、抵押贷款等多元金融服务。
FIP vs STBA — 直观对比
营收规模更大
FIP
是对方的1.4倍
$102.1M
净利率更高
STBA
高出102.4%
-68.1%
两年增速更快
FIP
近两年复合增速
2.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $143.5M | $102.1M |
| 净利润 | $-97.7M | $35.1M |
| 毛利率 | — | — |
| 营业利润率 | -45.7% | — |
| 净利率 | -68.1% | 34.4% |
| 营收同比 | 77.7% | — |
| 净利润同比 | 21.6% | 5.0% |
| 每股收益（稀释后） | $-1.04 | $0.94 |
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FIPSTBA
| Q1 26 | — | $102.1M | ||
| Q4 25 | $143.5M | $105.3M | ||
| Q3 25 | $140.6M | $103.0M | ||
| Q2 25 | $122.3M | $100.1M | ||
| Q1 25 | $96.2M | $93.8M | ||
| Q4 24 | $80.8M | $94.3M | ||
| Q3 24 | $83.3M | $96.4M | ||
| Q2 24 | $84.9M | $96.9M |
净利润FIPSTBA
| Q1 26 | — | $35.1M | ||
| Q4 25 | $-97.7M | $34.0M | ||
| Q3 25 | $-104.5M | $35.0M | ||
| Q2 25 | $-70.0M | $31.9M | ||
| Q1 25 | $120.2M | $33.4M | ||
| Q4 24 | $-124.7M | $33.1M | ||
| Q3 24 | $-43.0M | $32.6M | ||
| Q2 24 | $-48.1M | $34.4M |
营业利润率FIPSTBA
| Q1 26 | — | — | ||
| Q4 25 | -45.7% | 40.3% | ||
| Q3 25 | -70.8% | 42.6% | ||
| Q2 25 | -56.4% | 40.0% | ||
| Q1 25 | 81.8% | 44.5% | ||
| Q4 24 | -152.7% | 43.8% | ||
| Q3 24 | -51.7% | 43.0% | ||
| Q2 24 | -56.4% | 44.2% |
净利率FIPSTBA
| Q1 26 | — | 34.4% | ||
| Q4 25 | -68.1% | 32.3% | ||
| Q3 25 | -74.4% | 33.9% | ||
| Q2 25 | -57.2% | 31.9% | ||
| Q1 25 | 125.0% | 35.6% | ||
| Q4 24 | -154.4% | 35.1% | ||
| Q3 24 | -51.6% | 33.8% | ||
| Q2 24 | -56.7% | 35.5% |
每股收益（稀释后）FIPSTBA
| Q1 26 | — | $0.94 | ||
| Q4 25 | $-1.04 | $0.88 | ||
| Q3 25 | $-1.38 | $0.91 | ||
| Q2 25 | $-0.73 | $0.83 | ||
| Q1 25 | $0.89 | $0.87 | ||
| Q4 24 | $-1.21 | $0.86 | ||
| Q3 24 | $-0.45 | $0.85 | ||
| Q2 24 | $-0.52 | $0.89 |
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 | — |
| 总债务越低越好 | $3.8B | $100.8M |
| 股东权益账面价值 | $21.3M | $1.4B |
| 总资产 | $5.7B | $9.9B |
| 负债/权益比越低杠杆越低 | 176.99× | 0.07× |
8季度趋势，按日历期对齐
现金及短期投资FIPSTBA
| Q1 26 | — | — | ||
| Q4 25 | $57.4M | $163.4M | ||
| Q3 25 | $34.7M | $196.2M | ||
| Q2 25 | $33.6M | $203.1M | ||
| Q1 25 | $26.3M | $211.8M | ||
| Q4 24 | $27.8M | $244.8M | ||
| Q3 24 | $20.3M | $228.1M | ||
| Q2 24 | $33.1M | $246.3M |
总债务FIPSTBA
| Q1 26 | — | $100.8M | ||
| 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 | — |
股东权益FIPSTBA
| Q1 26 | — | $1.4B | ||
| Q4 25 | $21.3M | $1.5B | ||
| Q3 25 | $181.1M | $1.5B | ||
| Q2 25 | $375.5M | $1.4B | ||
| Q1 25 | $476.2M | $1.4B | ||
| Q4 24 | $202.7M | $1.4B | ||
| Q3 24 | $370.8M | $1.4B | ||
| Q2 24 | $394.8M | $1.3B |
总资产FIPSTBA
| Q1 26 | — | $9.9B | ||
| Q4 25 | $5.7B | $9.9B | ||
| Q3 25 | $5.5B | $9.8B | ||
| Q2 25 | $4.4B | $9.8B | ||
| Q1 25 | $4.1B | $9.7B | ||
| Q4 24 | $2.4B | $9.7B | ||
| Q3 24 | $2.4B | $9.6B | ||
| Q2 24 | $2.5B | $9.6B |
负债/权益比FIPSTBA
| Q1 26 | — | 0.07× | ||
| 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× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-68.6M | — |
| 自由现金流率自由现金流/营收 | -47.8% | — |
| 资本支出强度资本支出/营收 | 45.9% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流FIPSTBA
| Q1 26 | — | — | ||
| Q4 25 | $-2.8M | $133.6M | ||
| Q3 25 | $-24.4M | $40.5M | ||
| Q2 25 | $-5.2M | $28.3M | ||
| Q1 25 | $-85.7M | $28.7M | ||
| Q4 24 | $-8.1M | $173.4M | ||
| Q3 24 | $14.2M | $27.6M | ||
| Q2 24 | $-17.6M | $44.7M |
自由现金流FIPSTBA
| Q1 26 | — | — | ||
| Q4 25 | $-68.6M | $128.8M | ||
| Q3 25 | $-90.7M | $39.9M | ||
| Q2 25 | $-87.5M | $27.1M | ||
| Q1 25 | $-151.7M | $27.0M | ||
| Q4 24 | $-34.3M | $170.4M | ||
| Q3 24 | $-11.7M | $26.9M | ||
| Q2 24 | $-32.1M | $43.9M |
自由现金流率FIPSTBA
| Q1 26 | — | — | ||
| Q4 25 | -47.8% | 122.4% | ||
| Q3 25 | -64.5% | 38.7% | ||
| Q2 25 | -71.6% | 27.1% | ||
| Q1 25 | -157.7% | 28.8% | ||
| Q4 24 | -42.4% | 180.7% | ||
| Q3 24 | -14.0% | 28.0% | ||
| Q2 24 | -37.9% | 45.3% |
资本支出强度FIPSTBA
| Q1 26 | — | — | ||
| Q4 25 | 45.9% | 4.5% | ||
| Q3 25 | 47.2% | 0.6% | ||
| Q2 25 | 67.3% | 1.2% | ||
| Q1 25 | 68.6% | 1.8% | ||
| Q4 24 | 32.5% | 3.1% | ||
| Q3 24 | 31.1% | 0.7% | ||
| Q2 24 | 17.2% | 0.9% |
现金转化率FIPSTBA
| Q1 26 | — | — | ||
| Q4 25 | — | 3.93× | ||
| Q3 25 | — | 1.16× | ||
| Q2 25 | — | 0.89× | ||
| Q1 25 | -0.71× | 0.86× | ||
| Q4 24 | — | 5.24× | ||
| Q3 24 | — | 0.85× | ||
| Q2 24 | — | 1.30× |
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% |
STBA
| Net Interest Income | $88.4M | 87% |
| Noninterest Income | $13.6M | 13% |
