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FTAI Infrastructure Inc.（FIP）与null（SWIM）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null的1.4倍（$143.5M vs $100.0M），null净利率更高（-7.0% vs -68.1%，领先61.1%），FTAI Infrastructure Inc.同比增速更快（77.7% vs 14.5%），null自由现金流更多（$14.1M vs $-68.6M），过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% vs -4.9%）
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。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
FIP vs SWIM — 直观对比
营收规模更大
FIP
是对方的1.4倍
$100.0M
营收增速更快
FIP
高出63.2%
14.5%
净利率更高
SWIM
高出61.1%
-68.1%
自由现金流更多
SWIM
多$82.7M
$-68.6M
两年增速更快
FIP
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $143.5M | $100.0M |
| 净利润 | $-97.7M | $-7.0M |
| 毛利率 | — | 28.0% |
| 营业利润率 | -45.7% | -10.7% |
| 净利率 | -68.1% | -7.0% |
| 营收同比 | 77.7% | 14.5% |
| 净利润同比 | 21.6% | 76.0% |
| 每股收益（稀释后） | $-1.04 | $-0.06 |
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FIPSWIM
| Q4 25 | $143.5M | $100.0M | ||
| Q3 25 | $140.6M | $161.9M | ||
| Q2 25 | $122.3M | $172.6M | ||
| Q1 25 | $96.2M | $111.4M | ||
| Q4 24 | $80.8M | $87.3M | ||
| Q3 24 | $83.3M | $150.5M | ||
| Q2 24 | $84.9M | $160.1M | ||
| Q1 24 | $82.5M | $110.6M |
净利润FIPSWIM
| Q4 25 | $-97.7M | $-7.0M | ||
| Q3 25 | $-104.5M | $8.1M | ||
| Q2 25 | $-70.0M | $16.0M | ||
| Q1 25 | $120.2M | $-6.0M | ||
| Q4 24 | $-124.7M | $-29.2M | ||
| Q3 24 | $-43.0M | $5.9M | ||
| Q2 24 | $-48.1M | $13.3M | ||
| Q1 24 | $-50.3M | $-7.9M |
毛利率FIPSWIM
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 29.5% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 32.4% | ||
| Q2 24 | — | 33.1% | ||
| Q1 24 | — | 27.7% |
营业利润率FIPSWIM
| Q4 25 | -45.7% | -10.7% | ||
| Q3 25 | -70.8% | 13.3% | ||
| Q2 25 | -56.4% | 14.3% | ||
| Q1 25 | 81.8% | -4.4% | ||
| Q4 24 | -152.7% | -14.9% | ||
| Q3 24 | -51.7% | 8.9% | ||
| Q2 24 | -56.4% | 12.5% | ||
| Q1 24 | -58.8% | -1.9% |
净利率FIPSWIM
| Q4 25 | -68.1% | -7.0% | ||
| Q3 25 | -74.4% | 5.0% | ||
| Q2 25 | -57.2% | 9.3% | ||
| Q1 25 | 125.0% | -5.4% | ||
| Q4 24 | -154.4% | -33.4% | ||
| Q3 24 | -51.6% | 3.9% | ||
| Q2 24 | -56.7% | 8.3% | ||
| Q1 24 | -60.9% | -7.1% |
每股收益（稀释后）FIPSWIM
| Q4 25 | $-1.04 | $-0.06 | ||
| Q3 25 | $-1.38 | $0.07 | ||
| Q2 25 | $-0.73 | $0.13 | ||
| Q1 25 | $0.89 | $-0.05 | ||
| Q4 24 | $-1.21 | $-0.24 | ||
| Q3 24 | $-0.45 | $0.05 | ||
| Q2 24 | $-0.52 | $0.11 | ||
| Q1 24 | $-0.54 | $-0.07 |
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 | $279.8M |
| 股东权益账面价值 | $21.3M | $405.9M |
| 总资产 | $5.7B | $823.2M |
| 负债/权益比越低杠杆越低 | 176.99× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资FIPSWIM
| Q4 25 | $57.4M | — | ||
| Q3 25 | $34.7M | — | ||
| Q2 25 | $33.6M | — | ||
| Q1 25 | $26.3M | — | ||
| Q4 24 | $27.8M | — | ||
| Q3 24 | $20.3M | — | ||
| Q2 24 | $33.1M | — | ||
| Q1 24 | $23.0M | — |
总债务FIPSWIM
| Q4 25 | $3.8B | $279.8M | ||
| Q3 25 | $3.7B | $281.1M | ||
| Q2 25 | $3.1B | $281.5M | ||
| Q1 25 | $2.8B | $306.9M | ||
| Q4 24 | $1.6B | $281.5M | ||
| Q3 24 | $1.5B | $282.8M | ||
| Q2 24 | $1.6B | $282.4M | ||
| Q1 24 | $1.3B | $282.8M |
股东权益FIPSWIM
| Q4 25 | $21.3M | $405.9M | ||
| Q3 25 | $181.1M | $408.4M | ||
| Q2 25 | $375.5M | $398.4M | ||
| Q1 25 | $476.2M | $381.1M | ||
| Q4 24 | $202.7M | $387.2M | ||
| Q3 24 | $370.8M | $416.6M | ||
| Q2 24 | $394.8M | $408.1M | ||
| Q1 24 | $402.5M | $391.8M |
总资产FIPSWIM
| Q4 25 | $5.7B | $823.2M | ||
| Q3 25 | $5.5B | $844.4M | ||
| Q2 25 | $4.4B | $822.1M | ||
| Q1 25 | $4.1B | $824.6M | ||
| Q4 24 | $2.4B | $794.2M | ||
| Q3 24 | $2.4B | $853.4M | ||
| Q2 24 | $2.5B | $830.0M | ||
| Q1 24 | $2.3B | $808.6M |
负债/权益比FIPSWIM
| Q4 25 | 176.99× | 0.69× | ||
| Q3 25 | 20.59× | 0.69× | ||
| Q2 25 | 8.21× | 0.71× | ||
| Q1 25 | 5.79× | 0.81× | ||
| Q4 24 | 7.84× | 0.73× | ||
| Q3 24 | 4.14× | 0.68× | ||
| Q2 24 | 3.94× | 0.69× | ||
| 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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-68.6M | $14.1M |
| 自由现金流率自由现金流/营收 | -47.8% | 14.1% |
| 资本支出强度资本支出/营收 | 45.9% | 9.2% |
| 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 | $-398.5M | $38.0M |
8季度趋势，按日历期对齐
经营现金流FIPSWIM
| Q4 25 | $-2.8M | $23.3M | ||
| Q3 25 | $-24.4M | $51.0M | ||
| Q2 25 | $-5.2M | $36.0M | ||
| Q1 25 | $-85.7M | $-46.9M | ||
| Q4 24 | $-8.1M | $6.2M | ||
| Q3 24 | $14.2M | $37.2M | ||
| Q2 24 | $-17.6M | $52.4M | ||
| Q1 24 | $-3.9M | $-34.5M |
自由现金流FIPSWIM
| Q4 25 | $-68.6M | $14.1M | ||
| Q3 25 | $-90.7M | $45.2M | ||
| Q2 25 | $-87.5M | $29.1M | ||
| Q1 25 | $-151.7M | $-50.3M | ||
| Q4 24 | $-34.3M | $-98.0K | ||
| Q3 24 | $-11.7M | $33.2M | ||
| Q2 24 | $-32.1M | $47.9M | ||
| Q1 24 | $-16.7M | $-39.9M |
自由现金流率FIPSWIM
| Q4 25 | -47.8% | 14.1% | ||
| Q3 25 | -64.5% | 27.9% | ||
| Q2 25 | -71.6% | 16.8% | ||
| Q1 25 | -157.7% | -45.2% | ||
| Q4 24 | -42.4% | -0.1% | ||
| Q3 24 | -14.0% | 22.1% | ||
| Q2 24 | -37.9% | 29.9% | ||
| Q1 24 | -20.3% | -36.0% |
资本支出强度FIPSWIM
| Q4 25 | 45.9% | 9.2% | ||
| Q3 25 | 47.2% | 3.6% | ||
| Q2 25 | 67.3% | 4.0% | ||
| Q1 25 | 68.6% | 3.1% | ||
| Q4 24 | 32.5% | 7.2% | ||
| Q3 24 | 31.1% | 2.7% | ||
| Q2 24 | 17.2% | 2.8% | ||
| Q1 24 | 15.6% | 4.8% |
现金转化率FIPSWIM
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | -0.71× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| Q1 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
| 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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
