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FTAI Infrastructure Inc.（FIP）与WD 40 CO（WDFC）财务数据对比。点击上方公司名可切换其他公司
WD 40 CO的季度营收约是FTAI Infrastructure Inc.的1.1倍（$154.4M vs $143.5M），WD 40 CO净利率更高（11.3% vs -68.1%，领先79.4%），FTAI Infrastructure Inc.同比增速更快（77.7% vs 0.6%），WD 40 CO自由现金流更多（$9.1M vs $-68.6M），过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% vs 5.4%）
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。
WD-40公司是全球知名的消费及工业维护用品生产商，核心产品为同名多功能防锈润滑剂，同时布局清洁剂、除油剂、特殊润滑产品等品类，业务覆盖全球170余个国家和地区，服务零售、工业、汽车后市场等多个领域。
FIP vs WDFC — 直观对比
营收规模更大
WDFC
是对方的1.1倍
$143.5M
营收增速更快
FIP
高出77.1%
0.6%
净利率更高
WDFC
高出79.4%
-68.1%
自由现金流更多
WDFC
多$77.7M
$-68.6M
两年增速更快
FIP
近两年复合增速
5.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $143.5M | $154.4M |
| 净利润 | $-97.7M | $17.5M |
| 毛利率 | — | 56.2% |
| 营业利润率 | -45.7% | 15.1% |
| 净利率 | -68.1% | 11.3% |
| 营收同比 | 77.7% | 0.6% |
| 净利润同比 | 21.6% | -7.8% |
| 每股收益（稀释后） | $-1.04 | $1.28 |
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FIPWDFC
| Q4 25 | $143.5M | $154.4M | ||
| Q3 25 | $140.6M | $163.5M | ||
| Q2 25 | $122.3M | $156.9M | ||
| Q1 25 | $96.2M | $146.1M | ||
| Q4 24 | $80.8M | $153.5M | ||
| Q3 24 | $83.3M | $156.0M | ||
| Q2 24 | $84.9M | $155.0M | ||
| Q1 24 | $82.5M | $139.1M |
净利润FIPWDFC
| Q4 25 | $-97.7M | $17.5M | ||
| Q3 25 | $-104.5M | $21.2M | ||
| Q2 25 | $-70.0M | $21.0M | ||
| Q1 25 | $120.2M | $29.9M | ||
| Q4 24 | $-124.7M | $18.9M | ||
| Q3 24 | $-43.0M | $16.8M | ||
| Q2 24 | $-48.1M | $19.8M | ||
| Q1 24 | $-50.3M | $15.5M |
毛利率FIPWDFC
| Q4 25 | — | 56.2% | ||
| Q3 25 | — | 54.7% | ||
| Q2 25 | — | 56.2% | ||
| Q1 25 | — | 54.6% | ||
| Q4 24 | — | 54.8% | ||
| Q3 24 | — | 54.1% | ||
| Q2 24 | — | 53.1% | ||
| Q1 24 | — | 52.4% |
营业利润率FIPWDFC
| Q4 25 | -45.7% | 15.1% | ||
| Q3 25 | -70.8% | 17.1% | ||
| Q2 25 | -56.4% | 17.4% | ||
| Q1 25 | 81.8% | 15.9% | ||
| Q4 24 | -152.7% | 16.4% | ||
| Q3 24 | -51.7% | 15.4% | ||
| Q2 24 | -56.4% | 17.5% | ||
| Q1 24 | -58.8% | 15.1% |
净利率FIPWDFC
| Q4 25 | -68.1% | 11.3% | ||
| Q3 25 | -74.4% | 13.0% | ||
| Q2 25 | -57.2% | 13.4% | ||
| Q1 25 | 125.0% | 20.4% | ||
| Q4 24 | -154.4% | 12.3% | ||
| Q3 24 | -51.6% | 10.8% | ||
| Q2 24 | -56.7% | 12.8% | ||
| Q1 24 | -60.9% | 11.2% |
每股收益（稀释后）FIPWDFC
| Q4 25 | $-1.04 | $1.28 | ||
| Q3 25 | $-1.38 | $1.57 | ||
| Q2 25 | $-0.73 | $1.54 | ||
| Q1 25 | $0.89 | $2.19 | ||
| Q4 24 | $-1.21 | $1.39 | ||
| Q3 24 | $-0.45 | $1.23 | ||
| Q2 24 | $-0.52 | $1.46 | ||
| Q1 24 | $-0.54 | $1.14 |
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 | $48.6M |
| 总债务越低越好 | $3.8B | $85.7M |
| 股东权益账面价值 | $21.3M | $264.1M |
| 总资产 | $5.7B | $459.7M |
| 负债/权益比越低杠杆越低 | 176.99× | 0.32× |
8季度趋势，按日历期对齐
现金及短期投资FIPWDFC
| Q4 25 | $57.4M | $48.6M | ||
| Q3 25 | $34.7M | $58.1M | ||
| Q2 25 | $33.6M | $51.7M | ||
| Q1 25 | $26.3M | $53.0M | ||
| Q4 24 | $27.8M | $54.9M | ||
| Q3 24 | $20.3M | $46.7M | ||
| Q2 24 | $33.1M | $45.3M | ||
| Q1 24 | $23.0M | $55.4M |
总债务FIPWDFC
| Q4 25 | $3.8B | $85.7M | ||
| Q3 25 | $3.7B | $86.2M | ||
| Q2 25 | $3.1B | $85.6M | ||
| Q1 25 | $2.8B | $84.4M | ||
| Q4 24 | $1.6B | $84.6M | ||
| Q3 24 | $1.5B | $86.0M | ||
| Q2 24 | $1.6B | $85.5M | ||
| Q1 24 | $1.3B | $85.9M |
股东权益FIPWDFC
| Q4 25 | $21.3M | $264.1M | ||
| Q3 25 | $181.1M | $268.2M | ||
| Q2 25 | $375.5M | $257.1M | ||
| Q1 25 | $476.2M | $242.1M | ||
| Q4 24 | $202.7M | $226.3M | ||
| Q3 24 | $370.8M | $230.5M | ||
| Q2 24 | $394.8M | $222.2M | ||
| Q1 24 | $402.5M | $216.3M |
总资产FIPWDFC
| Q4 25 | $5.7B | $459.7M | ||
| Q3 25 | $5.5B | $475.8M | ||
| Q2 25 | $4.4B | $456.0M | ||
| Q1 25 | $4.1B | $458.3M | ||
| Q4 24 | $2.4B | $447.3M | ||
| Q3 24 | $2.4B | $449.0M | ||
| Q2 24 | $2.5B | $443.6M | ||
| Q1 24 | $2.3B | $442.0M |
负债/权益比FIPWDFC
| Q4 25 | 176.99× | 0.32× | ||
| Q3 25 | 20.59× | 0.32× | ||
| Q2 25 | 8.21× | 0.33× | ||
| Q1 25 | 5.79× | 0.35× | ||
| Q4 24 | 7.84× | 0.37× | ||
| Q3 24 | 4.14× | 0.37× | ||
| Q2 24 | 3.94× | 0.38× | ||
| Q1 24 | 3.34× | 0.40× |
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 | $10.0M |
| 自由现金流经营现金流 - 资本支出 | $-68.6M | $9.1M |
| 自由现金流率自由现金流/营收 | -47.8% | 5.9% |
| 资本支出强度资本支出/营收 | 45.9% | 0.6% |
| 现金转化率经营现金流/净利润 | — | 0.57× |
| 过去12个月自由现金流最近4个季度 | $-398.5M | $78.2M |
8季度趋势，按日历期对齐
经营现金流FIPWDFC
| Q4 25 | $-2.8M | $10.0M | ||
| Q3 25 | $-24.4M | $29.9M | ||
| Q2 25 | $-5.2M | $35.1M | ||
| Q1 25 | $-85.7M | $8.0M | ||
| Q4 24 | $-8.1M | $14.9M | ||
| Q3 24 | $14.2M | $27.2M | ||
| Q2 24 | $-17.6M | $19.9M | ||
| Q1 24 | $-3.9M | $18.0M |
自由现金流FIPWDFC
| Q4 25 | $-68.6M | $9.1M | ||
| Q3 25 | $-90.7M | $28.6M | ||
| Q2 25 | $-87.5M | $34.0M | ||
| Q1 25 | $-151.7M | $6.6M | ||
| Q4 24 | $-34.3M | $14.2M | ||
| Q3 24 | $-11.7M | $26.4M | ||
| Q2 24 | $-32.1M | $18.7M | ||
| Q1 24 | $-16.7M | $16.7M |
自由现金流率FIPWDFC
| Q4 25 | -47.8% | 5.9% | ||
| Q3 25 | -64.5% | 17.5% | ||
| Q2 25 | -71.6% | 21.6% | ||
| Q1 25 | -157.7% | 4.5% | ||
| Q4 24 | -42.4% | 9.3% | ||
| Q3 24 | -14.0% | 16.9% | ||
| Q2 24 | -37.9% | 12.0% | ||
| Q1 24 | -20.3% | 12.0% |
资本支出强度FIPWDFC
| Q4 25 | 45.9% | 0.6% | ||
| Q3 25 | 47.2% | 0.8% | ||
| Q2 25 | 67.3% | 0.7% | ||
| Q1 25 | 68.6% | 0.9% | ||
| Q4 24 | 32.5% | 0.5% | ||
| Q3 24 | 31.1% | 0.5% | ||
| Q2 24 | 17.2% | 0.8% | ||
| Q1 24 | 15.6% | 0.9% |
现金转化率FIPWDFC
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | 1.41× | ||
| Q2 25 | — | 1.67× | ||
| Q1 25 | -0.71× | 0.27× | ||
| Q4 24 | — | 0.79× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | 1.00× | ||
| Q1 24 | — | 1.16× |
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% |
WDFC
| Other | $82.6M | 53% |
| WD40Multi Use Product | $56.0M | 36% |
| WD40Specialist | $9.0M | 6% |
| Other Maintenance Products | $4.0M | 3% |
| Homecare And Cleaning Products | $2.7M | 2% |
