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FTAI Infrastructure Inc.（FIP）与Upstart Holdings, Inc.（UPST）财务数据对比。点击上方公司名可切换其他公司
Upstart Holdings, Inc.的季度营收约是FTAI Infrastructure Inc.的1.6倍（$308.2M vs $188.4M），Upstart Holdings, Inc.净利率更高（-2.2% vs -79.7%，领先77.6%），FTAI Infrastructure Inc.同比增速更快（95.9% vs 44.4%），过去两年Upstart Holdings, Inc.的营收复合增速更高（55.4% vs 49.0%）
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。
Upstart是一家AI信贷平台服务商，与银行及信用合作社合作，将教育背景、就业情况等非传统指标纳入信用评估模型，更精准地预测借款人的信用状况，为用户提供消费贷款服务，助力金融机构提升信贷效率、扩大服务覆盖范围。
FIP vs UPST — 直观对比
营收规模更大
UPST
是对方的1.6倍
$188.4M
营收增速更快
FIP
高出51.4%
44.4%
净利率更高
UPST
高出77.6%
-79.7%
两年增速更快
UPST
近两年复合增速
49.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $188.4M | $308.2M |
| 净利润 | $-150.2M | $-6.6M |
| 毛利率 | — | — |
| 营业利润率 | — | -2.4% |
| 净利率 | -79.7% | -2.2% |
| 营收同比 | 95.9% | 44.4% |
| 净利润同比 | -387.6% | -171.6% |
| 每股收益（稀释后） | $-1.32 | $-0.07 |
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FIPUPST
| Q1 26 | $188.4M | $308.2M | ||
| Q4 25 | $143.5M | $296.1M | ||
| Q3 25 | $140.6M | $277.1M | ||
| Q2 25 | $122.3M | $257.3M | ||
| Q1 25 | $96.2M | $213.4M | ||
| Q4 24 | $80.8M | $219.0M | ||
| Q3 24 | $83.3M | $162.1M | ||
| Q2 24 | $84.9M | $127.6M |
净利润FIPUPST
| Q1 26 | $-150.2M | $-6.6M | ||
| Q4 25 | $-97.7M | $18.6M | ||
| Q3 25 | $-104.5M | $31.8M | ||
| Q2 25 | $-70.0M | $5.6M | ||
| Q1 25 | $120.2M | $-2.4M | ||
| Q4 24 | $-124.7M | $-2.8M | ||
| Q3 24 | $-43.0M | $-6.8M | ||
| Q2 24 | $-48.1M | $-54.5M |
营业利润率FIPUPST
| Q1 26 | — | -2.4% | ||
| Q4 25 | -45.7% | 6.4% | ||
| Q3 25 | -70.8% | 8.5% | ||
| Q2 25 | -56.4% | 1.8% | ||
| Q1 25 | 81.8% | -2.1% | ||
| Q4 24 | -152.7% | -2.2% | ||
| Q3 24 | -51.7% | -27.8% | ||
| Q2 24 | -56.4% | -43.5% |
净利率FIPUPST
| Q1 26 | -79.7% | -2.2% | ||
| Q4 25 | -68.1% | 6.3% | ||
| Q3 25 | -74.4% | 11.5% | ||
| Q2 25 | -57.2% | 2.2% | ||
| Q1 25 | 125.0% | -1.1% | ||
| Q4 24 | -154.4% | -1.3% | ||
| Q3 24 | -51.6% | -4.2% | ||
| Q2 24 | -56.7% | -42.7% |
每股收益（稀释后）FIPUPST
| Q1 26 | $-1.32 | $-0.07 | ||
| Q4 25 | $-1.04 | $0.20 | ||
| Q3 25 | $-1.38 | $0.23 | ||
| Q2 25 | $-0.73 | $0.05 | ||
| Q1 25 | $0.89 | $-0.03 | ||
| Q4 24 | $-1.21 | $-0.01 | ||
| Q3 24 | $-0.45 | $-0.07 | ||
| Q2 24 | $-0.52 | $-0.62 |
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 | $37.9M | $472.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-122.5K | $733.2M |
| 总资产 | $5.7B | $3.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资FIPUPST
| Q1 26 | $37.9M | $472.9M | ||
| Q4 25 | $57.4M | $652.4M | ||
| Q3 25 | $34.7M | $489.8M | ||
| Q2 25 | $33.6M | $395.9M | ||
| Q1 25 | $26.3M | $599.8M | ||
| Q4 24 | $27.8M | $788.4M | ||
| Q3 24 | $20.3M | — | ||
| Q2 24 | $33.1M | — |
总债务FIPUPST
| Q1 26 | — | — | ||
| 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FIPUPST
| Q1 26 | $-122.5K | $733.2M | ||
| Q4 25 | $21.3M | $798.8M | ||
| Q3 25 | $181.1M | $743.7M | ||
| Q2 25 | $375.5M | $722.0M | ||
| Q1 25 | $476.2M | $676.6M | ||
| Q4 24 | $202.7M | $633.2M | ||
| Q3 24 | $370.8M | $595.5M | ||
| Q2 24 | $394.8M | $594.7M |
总资产FIPUPST
| Q1 26 | $5.7B | $3.0B | ||
| Q4 25 | $5.7B | $3.0B | ||
| Q3 25 | $5.5B | $2.9B | ||
| Q2 25 | $4.4B | $2.5B | ||
| Q1 25 | $4.1B | $2.3B | ||
| Q4 24 | $2.4B | $2.4B | ||
| Q3 24 | $2.4B | $1.8B | ||
| Q2 24 | $2.5B | $1.8B |
负债/权益比FIPUPST
| Q1 26 | — | — | ||
| 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 | $-69.4M | $-133.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流FIPUPST
| Q1 26 | $-69.4M | $-133.3M | ||
| Q4 25 | $-2.8M | $108.6M | ||
| Q3 25 | $-24.4M | $-122.6M | ||
| Q2 25 | $-5.2M | $-120.2M | ||
| Q1 25 | $-85.7M | $-13.5M | ||
| Q4 24 | $-8.1M | $-110.9M | ||
| Q3 24 | $14.2M | $179.3M | ||
| Q2 24 | $-17.6M | $65.3M |
自由现金流FIPUPST
| Q1 26 | — | — | ||
| Q4 25 | $-68.6M | $108.4M | ||
| Q3 25 | $-90.7M | $-122.7M | ||
| Q2 25 | $-87.5M | $-120.3M | ||
| Q1 25 | $-151.7M | — | ||
| Q4 24 | $-34.3M | — | ||
| Q3 24 | $-11.7M | $179.2M | ||
| Q2 24 | $-32.1M | $65.3M |
自由现金流率FIPUPST
| Q1 26 | — | — | ||
| Q4 25 | -47.8% | 36.6% | ||
| Q3 25 | -64.5% | -44.3% | ||
| Q2 25 | -71.6% | -46.7% | ||
| Q1 25 | -157.7% | — | ||
| Q4 24 | -42.4% | — | ||
| Q3 24 | -14.0% | 110.5% | ||
| Q2 24 | -37.9% | 51.1% |
资本支出强度FIPUPST
| Q1 26 | — | — | ||
| Q4 25 | 45.9% | 0.1% | ||
| Q3 25 | 47.2% | 0.0% | ||
| Q2 25 | 67.3% | 0.0% | ||
| Q1 25 | 68.6% | 0.0% | ||
| Q4 24 | 32.5% | 0.0% | ||
| Q3 24 | 31.1% | 0.1% | ||
| Q2 24 | 17.2% | 0.0% |
现金转化率FIPUPST
| Q1 26 | — | — | ||
| Q4 25 | — | 5.82× | ||
| Q3 25 | — | -3.86× | ||
| Q2 25 | — | -21.43× | ||
| Q1 25 | -0.71× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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
暂无分部数据
UPST
| Platform and referral fees, net | $224.6M | 73% |
| Servicing and other fees, net | $52.4M | 17% |
| Other | $31.2M | 10% |
