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FTAI Infrastructure Inc.（FIP）与Tarsus Pharmaceuticals, Inc.（TARS）财务数据对比。点击上方公司名可切换其他公司
Tarsus Pharmaceuticals, Inc.的季度营收约是FTAI Infrastructure Inc.的1.1倍（$151.7M vs $143.5M），Tarsus Pharmaceuticals, Inc.净利率更高（-5.5% vs -68.1%，领先62.6%），Tarsus Pharmaceuticals, Inc.同比增速更快（128.4% vs 77.7%），Tarsus Pharmaceuticals, Inc.自由现金流更多（$13.0M vs $-68.6M），过去两年Tarsus Pharmaceuticals, Inc.的营收复合增速更高（134.4% vs 31.9%）
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。
Tarsus Pharmaceuticals是一家处于后期临床阶段的生物制药公司，专注于眼科、皮肤科等专科领域创新疗法的研发和商业化，主打产品针对蠕形螨睑缘炎、玫瑰痤疮等未被充分诊断的常见病症，核心市场为美国。
FIP vs TARS — 直观对比
营收规模更大
TARS
是对方的1.1倍
$143.5M
营收增速更快
TARS
高出50.7%
77.7%
净利率更高
TARS
高出62.6%
-68.1%
自由现金流更多
TARS
多$81.6M
$-68.6M
两年增速更快
TARS
近两年复合增速
31.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $143.5M | $151.7M |
| 净利润 | $-97.7M | $-8.4M |
| 毛利率 | — | — |
| 营业利润率 | -45.7% | -5.3% |
| 净利率 | -68.1% | -5.5% |
| 营收同比 | 77.7% | 128.4% |
| 净利润同比 | 21.6% | 63.8% |
| 每股收益（稀释后） | $-1.04 | $-0.17 |
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FIPTARS
| Q4 25 | $143.5M | $151.7M | ||
| Q3 25 | $140.6M | $118.7M | ||
| Q2 25 | $122.3M | $102.7M | ||
| Q1 25 | $96.2M | $78.3M | ||
| Q4 24 | $80.8M | $66.4M | ||
| Q3 24 | $83.3M | $48.1M | ||
| Q2 24 | $84.9M | $40.8M | ||
| Q1 24 | $82.5M | $27.6M |
净利润FIPTARS
| Q4 25 | $-97.7M | $-8.4M | ||
| Q3 25 | $-104.5M | $-12.6M | ||
| Q2 25 | $-70.0M | $-20.3M | ||
| Q1 25 | $120.2M | $-25.1M | ||
| Q4 24 | $-124.7M | $-23.1M | ||
| Q3 24 | $-43.0M | $-23.4M | ||
| Q2 24 | $-48.1M | $-33.3M | ||
| Q1 24 | $-50.3M | $-35.7M |
营业利润率FIPTARS
| Q4 25 | -45.7% | -5.3% | ||
| Q3 25 | -70.8% | -12.2% | ||
| Q2 25 | -56.4% | -21.6% | ||
| Q1 25 | 81.8% | -33.5% | ||
| Q4 24 | -152.7% | -36.8% | ||
| Q3 24 | -51.7% | -52.3% | ||
| Q2 24 | -56.4% | -81.6% | ||
| Q1 24 | -58.8% | -136.5% |
净利率FIPTARS
| Q4 25 | -68.1% | -5.5% | ||
| Q3 25 | -74.4% | -10.6% | ||
| Q2 25 | -57.2% | -19.8% | ||
| Q1 25 | 125.0% | -32.1% | ||
| Q4 24 | -154.4% | -34.8% | ||
| Q3 24 | -51.6% | -48.7% | ||
| Q2 24 | -56.7% | -81.6% | ||
| Q1 24 | -60.9% | -129.4% |
每股收益（稀释后）FIPTARS
| Q4 25 | $-1.04 | $-0.17 | ||
| Q3 25 | $-1.38 | $-0.30 | ||
| Q2 25 | $-0.73 | $-0.48 | ||
| Q1 25 | $0.89 | $-0.64 | ||
| Q4 24 | $-1.21 | $-0.57 | ||
| Q3 24 | $-0.45 | $-0.61 | ||
| Q2 24 | $-0.52 | $-0.88 | ||
| Q1 24 | $-0.54 | $-1.01 |
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 | $417.3M |
| 总债务越低越好 | $3.8B | $72.4M |
| 股东权益账面价值 | $21.3M | $343.4M |
| 总资产 | $5.7B | $562.2M |
| 负债/权益比越低杠杆越低 | 176.99× | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资FIPTARS
| Q4 25 | $57.4M | $417.3M | ||
| Q3 25 | $34.7M | $401.8M | ||
| Q2 25 | $33.6M | $381.1M | ||
| Q1 25 | $26.3M | $407.9M | ||
| Q4 24 | $27.8M | $291.4M | ||
| Q3 24 | $20.3M | $317.0M | ||
| Q2 24 | $33.1M | $323.6M | ||
| Q1 24 | $23.0M | $298.5M |
总债务FIPTARS
| Q4 25 | $3.8B | $72.4M | ||
| Q3 25 | $3.7B | $72.3M | ||
| Q2 25 | $3.1B | $72.1M | ||
| Q1 25 | $2.8B | $72.0M | ||
| Q4 24 | $1.6B | $71.8M | ||
| Q3 24 | $1.5B | $71.7M | ||
| Q2 24 | $1.6B | $71.6M | ||
| Q1 24 | $1.3B | $29.9M |
股东权益FIPTARS
| Q4 25 | $21.3M | $343.4M | ||
| Q3 25 | $181.1M | $335.1M | ||
| Q2 25 | $375.5M | $332.6M | ||
| Q1 25 | $476.2M | $342.5M | ||
| Q4 24 | $202.7M | $224.5M | ||
| Q3 24 | $370.8M | $237.5M | ||
| Q2 24 | $394.8M | $252.2M | ||
| Q1 24 | $402.5M | $275.2M |
总资产FIPTARS
| Q4 25 | $5.7B | $562.2M | ||
| Q3 25 | $5.5B | $534.6M | ||
| Q2 25 | $4.4B | $495.0M | ||
| Q1 25 | $4.1B | $500.8M | ||
| Q4 24 | $2.4B | $377.0M | ||
| Q3 24 | $2.4B | $376.3M | ||
| Q2 24 | $2.5B | $376.8M | ||
| Q1 24 | $2.3B | $349.3M |
负债/权益比FIPTARS
| Q4 25 | 176.99× | 0.21× | ||
| Q3 25 | 20.59× | 0.22× | ||
| Q2 25 | 8.21× | 0.22× | ||
| Q1 25 | 5.79× | 0.21× | ||
| Q4 24 | 7.84× | 0.32× | ||
| Q3 24 | 4.14× | 0.30× | ||
| Q2 24 | 3.94× | 0.28× | ||
| Q1 24 | 3.34× | 0.11× |
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 | $19.3M |
| 自由现金流经营现金流 - 资本支出 | $-68.6M | $13.0M |
| 自由现金流率自由现金流/营收 | -47.8% | 8.6% |
| 资本支出强度资本支出/营收 | 45.9% | 4.2% |
| 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 | $-22.3M |
8季度趋势，按日历期对齐
经营现金流FIPTARS
| Q4 25 | $-2.8M | $19.3M | ||
| Q3 25 | $-24.4M | $18.3M | ||
| Q2 25 | $-5.2M | $-29.4M | ||
| Q1 25 | $-85.7M | $-20.7M | ||
| Q4 24 | $-8.1M | $-22.2M | ||
| Q3 24 | $14.2M | $-8.7M | ||
| Q2 24 | $-17.6M | $-14.4M | ||
| Q1 24 | $-3.9M | $-37.8M |
自由现金流FIPTARS
| Q4 25 | $-68.6M | $13.0M | ||
| Q3 25 | $-90.7M | $16.3M | ||
| Q2 25 | $-87.5M | $-30.4M | ||
| Q1 25 | $-151.7M | $-21.2M | ||
| Q4 24 | $-34.3M | $-22.3M | ||
| Q3 24 | $-11.7M | $-8.9M | ||
| Q2 24 | $-32.1M | $-15.4M | ||
| Q1 24 | $-16.7M | $-38.0M |
自由现金流率FIPTARS
| Q4 25 | -47.8% | 8.6% | ||
| Q3 25 | -64.5% | 13.8% | ||
| Q2 25 | -71.6% | -29.6% | ||
| Q1 25 | -157.7% | -27.1% | ||
| Q4 24 | -42.4% | -33.5% | ||
| Q3 24 | -14.0% | -18.6% | ||
| Q2 24 | -37.9% | -37.8% | ||
| Q1 24 | -20.3% | -137.5% |
资本支出强度FIPTARS
| Q4 25 | 45.9% | 4.2% | ||
| Q3 25 | 47.2% | 1.6% | ||
| Q2 25 | 67.3% | 1.0% | ||
| Q1 25 | 68.6% | 0.8% | ||
| Q4 24 | 32.5% | 0.1% | ||
| Q3 24 | 31.1% | 0.6% | ||
| Q2 24 | 17.2% | 2.5% | ||
| Q1 24 | 15.6% | 0.6% |
现金转化率FIPTARS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.71× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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% |
TARS
暂无分部数据
