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FTAI Infrastructure Inc.（FIP）与Tecnoglass Inc.（TGLS）财务数据对比。点击上方公司名可切换其他公司
Tecnoglass Inc.的季度营收约是FTAI Infrastructure Inc.的1.7倍（$245.3M vs $143.5M），Tecnoglass Inc.净利率更高（10.6% vs -68.1%，领先78.7%），FTAI Infrastructure Inc.同比增速更快（77.7% vs 2.4%），Tecnoglass Inc.自由现金流更多（$11.4M vs $-68.6M），过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% vs 12.8%）
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。
Tecnoglass Inc.是一家领先的建筑玻璃、铝制门窗及相关建材生产商，主要服务北美及拉美地区的住宅和商业建筑领域，为新建及翻新项目提供定制化、高能效的建筑解决方案。
FIP vs TGLS — 直观对比
营收规模更大
TGLS
是对方的1.7倍
$143.5M
营收增速更快
FIP
高出75.3%
2.4%
净利率更高
TGLS
高出78.7%
-68.1%
自由现金流更多
TGLS
多$80.1M
$-68.6M
两年增速更快
FIP
近两年复合增速
12.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $143.5M | $245.3M |
| 净利润 | $-97.7M | $26.1M |
| 毛利率 | — | 40.0% |
| 营业利润率 | -45.7% | 18.3% |
| 净利率 | -68.1% | 10.6% |
| 营收同比 | 77.7% | 2.4% |
| 净利润同比 | 21.6% | -44.5% |
| 每股收益（稀释后） | $-1.04 | $0.57 |
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FIPTGLS
| Q4 25 | $143.5M | $245.3M | ||
| Q3 25 | $140.6M | $260.5M | ||
| Q2 25 | $122.3M | $255.5M | ||
| Q1 25 | $96.2M | $222.3M | ||
| Q4 24 | $80.8M | $239.6M | ||
| Q3 24 | $83.3M | $238.3M | ||
| Q2 24 | $84.9M | $219.7M | ||
| Q1 24 | $82.5M | $192.6M |
净利润FIPTGLS
| Q4 25 | $-97.7M | $26.1M | ||
| Q3 25 | $-104.5M | $47.2M | ||
| Q2 25 | $-70.0M | $44.1M | ||
| Q1 25 | $120.2M | $42.2M | ||
| Q4 24 | $-124.7M | $47.0M | ||
| Q3 24 | $-43.0M | $49.5M | ||
| Q2 24 | $-48.1M | $35.0M | ||
| Q1 24 | $-50.3M | $29.7M |
毛利率FIPTGLS
| Q4 25 | — | 40.0% | ||
| Q3 25 | — | 42.7% | ||
| Q2 25 | — | 44.7% | ||
| Q1 25 | — | 43.9% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 40.8% | ||
| Q1 24 | — | 38.8% |
营业利润率FIPTGLS
| Q4 25 | -45.7% | 18.3% | ||
| Q3 25 | -70.8% | 25.1% | ||
| Q2 25 | -56.4% | 24.0% | ||
| Q1 25 | 81.8% | 26.7% | ||
| Q4 24 | -152.7% | 28.0% | ||
| Q3 24 | -51.7% | 28.4% | ||
| Q2 24 | -56.4% | 23.3% | ||
| Q1 24 | -58.8% | 21.3% |
净利率FIPTGLS
| Q4 25 | -68.1% | 10.6% | ||
| Q3 25 | -74.4% | 18.1% | ||
| Q2 25 | -57.2% | 17.3% | ||
| Q1 25 | 125.0% | 19.0% | ||
| Q4 24 | -154.4% | 19.6% | ||
| Q3 24 | -51.6% | 20.8% | ||
| Q2 24 | -56.7% | 15.9% | ||
| Q1 24 | -60.9% | 15.4% |
每股收益（稀释后）FIPTGLS
| Q4 25 | $-1.04 | $0.57 | ||
| Q3 25 | $-1.38 | $1.01 | ||
| Q2 25 | $-0.73 | $0.94 | ||
| Q1 25 | $0.89 | $0.90 | ||
| Q4 24 | $-1.21 | $1.00 | ||
| Q3 24 | $-0.45 | $1.05 | ||
| Q2 24 | $-0.52 | $0.75 | ||
| Q1 24 | $-0.54 | $0.63 |
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 | $104.1M |
| 总债务越低越好 | $3.8B | $174.4M |
| 股东权益账面价值 | $21.3M | $713.1M |
| 总资产 | $5.7B | $1.3B |
| 负债/权益比越低杠杆越低 | 176.99× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资FIPTGLS
| Q4 25 | $57.4M | $104.1M | ||
| Q3 25 | $34.7M | $127.1M | ||
| Q2 25 | $33.6M | $140.9M | ||
| Q1 25 | $26.3M | $160.2M | ||
| Q4 24 | $27.8M | $137.5M | ||
| Q3 24 | $20.3M | $124.8M | ||
| Q2 24 | $33.1M | $129.5M | ||
| Q1 24 | $23.0M | $138.8M |
总债务FIPTGLS
| Q4 25 | $3.8B | $174.4M | ||
| Q3 25 | $3.7B | $114.7M | ||
| Q2 25 | $3.1B | $110.6M | ||
| Q1 25 | $2.8B | $110.6M | ||
| Q4 24 | $1.6B | $111.1M | ||
| Q3 24 | $1.5B | $126.8M | ||
| Q2 24 | $1.6B | $144.7M | ||
| Q1 24 | $1.3B | $160.9M |
股东权益FIPTGLS
| Q4 25 | $21.3M | $713.1M | ||
| Q3 25 | $181.1M | $764.0M | ||
| Q2 25 | $375.5M | $736.0M | ||
| Q1 25 | $476.2M | $685.1M | ||
| Q4 24 | $202.7M | $631.2M | ||
| Q3 24 | $370.8M | $613.3M | ||
| Q2 24 | $394.8M | $574.8M | ||
| Q1 24 | $402.5M | $573.6M |
总资产FIPTGLS
| Q4 25 | $5.7B | $1.3B | ||
| Q3 25 | $5.5B | $1.2B | ||
| Q2 25 | $4.4B | $1.2B | ||
| Q1 25 | $4.1B | $1.1B | ||
| Q4 24 | $2.4B | $1.0B | ||
| Q3 24 | $2.4B | $996.3M | ||
| Q2 24 | $2.5B | $942.5M | ||
| Q1 24 | $2.3B | $981.6M |
负债/权益比FIPTGLS
| Q4 25 | 176.99× | 0.24× | ||
| Q3 25 | 20.59× | 0.15× | ||
| Q2 25 | 8.21× | 0.15× | ||
| Q1 25 | 5.79× | 0.16× | ||
| Q4 24 | 7.84× | 0.18× | ||
| Q3 24 | 4.14× | 0.21× | ||
| Q2 24 | 3.94× | 0.25× | ||
| Q1 24 | 3.34× | 0.28× |
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 | $31.0M |
| 自由现金流经营现金流 - 资本支出 | $-68.6M | $11.4M |
| 自由现金流率自由现金流/营收 | -47.8% | 4.7% |
| 资本支出强度资本支出/营收 | 45.9% | 8.0% |
| 现金转化率经营现金流/净利润 | — | 1.19× |
| 过去12个月自由现金流最近4个季度 | $-398.5M | $34.5M |
8季度趋势，按日历期对齐
经营现金流FIPTGLS
| Q4 25 | $-2.8M | $31.0M | ||
| Q3 25 | $-24.4M | $40.0M | ||
| Q2 25 | $-5.2M | $17.9M | ||
| Q1 25 | $-85.7M | $46.9M | ||
| Q4 24 | $-8.1M | $61.1M | ||
| Q3 24 | $14.2M | $41.5M | ||
| Q2 24 | $-17.6M | $34.5M | ||
| Q1 24 | $-3.9M | $33.4M |
自由现金流FIPTGLS
| Q4 25 | $-68.6M | $11.4M | ||
| Q3 25 | $-90.7M | $21.2M | ||
| Q2 25 | $-87.5M | $-14.7M | ||
| Q1 25 | $-151.7M | $16.5M | ||
| Q4 24 | $-34.3M | $35.4M | ||
| Q3 24 | $-11.7M | $17.8M | ||
| Q2 24 | $-32.1M | $14.2M | ||
| Q1 24 | $-16.7M | $23.6M |
自由现金流率FIPTGLS
| Q4 25 | -47.8% | 4.7% | ||
| Q3 25 | -64.5% | 8.2% | ||
| Q2 25 | -71.6% | -5.7% | ||
| Q1 25 | -157.7% | 7.4% | ||
| Q4 24 | -42.4% | 14.8% | ||
| Q3 24 | -14.0% | 7.5% | ||
| Q2 24 | -37.9% | 6.5% | ||
| Q1 24 | -20.3% | 12.2% |
资本支出强度FIPTGLS
| Q4 25 | 45.9% | 8.0% | ||
| Q3 25 | 47.2% | 7.2% | ||
| Q2 25 | 67.3% | 12.7% | ||
| Q1 25 | 68.6% | 13.7% | ||
| Q4 24 | 32.5% | 10.7% | ||
| Q3 24 | 31.1% | 9.9% | ||
| Q2 24 | 17.2% | 9.2% | ||
| Q1 24 | 15.6% | 5.1% |
现金转化率FIPTGLS
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 0.85× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | -0.71× | 1.11× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | — | 0.84× | ||
| Q2 24 | — | 0.98× | ||
| Q1 24 | — | 1.13× |
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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
