FTAI Infrastructure Inc. (FIP)
FTAI Infrastructure Inc. specializes in acquiring, developing, and managing essential infrastructure assets and businesses that serve clients in the transportation and energy industries. Its operational portfolio includes a multi-modal terminal designed for crude oil and refined petroleum products, along with various associated facilities. A significant deep-water port spanning 1,630 acres on the Delaware River is also a key asset, featuring an underground storage cavern, a versatile multi-purpose dock, a rail-to-ship transloading system, and abundant opportunities for industrial expansion. Additionally, the company oversees a 1,660-acre multi-modal port situated on the Ohio River, equipped with extensive rail and dock infrastructure, and presenting numerous industrial development prospects, notably a power generation facility currently under construction. Furthermore, FTAI Infrastructure Inc. manages a network of five freight railroads and a dedicated switching facility. Established in 2021, FTAI Infrastructure Inc. is headquartered in New York, New York. The company, trading on NasdaqGS under the symbol FIP, has functioned as an independent entity separate from Fortress Transportation and Infrastructure Investors LLC since August 1, 2022.
Sector: Railroads, Line-Haul Operating
Industry: Conglomerates
FTAI Infrastructure Inc.
NASDAQ:FIPIndustrials · Conglomerates
PrePre-market-0.79%$2.52
Close$2.54+0.79%
AH Close$2.54-0.79%since
Close$2.54+0.79%AH Close$2.54-0.79%since
Mkt Cap$300.18M
Float87.79M
O/S118.18M
Inst Own88.0%
SI21.2%
Div Yield4.72%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$502.52M
Net Income-$107.17M
Total Assets$5.75B
Free Cash Flow-$399.26M
Debt & Equity
Debt 64%
Equity 18%
Preferred 18%
Total Debt$3.93B
Total Equity$1.11B
Preferred Stock$1.09B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in FIP's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$5.75B
Liabilities$4.8B
Accounts Receivable$95.39M
Accounts Payable$280.71M
Inventory$0
PP&E (Net)$4.72B
Goodwill$365.7M
Intangible Assets$43.17M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $502.52M | $331.5M | $320.47M | $261.97M | $120.22M | $68.56M | $229.45M |
| YoY Growth | 51.6% | 3.4% | 22.3% | 117.9% | 75.3% | -70.1% | - |
| Cost of Revenue | $446.79M | $0 | $347.13M | $291.87M | $0 | $113.58M | $310.58M |
| Gross Profit | $55.73M | $331.5M | -$26.66M | -$29.9M | $120.22M | -$45.02M | -$81.13M |
| Gross Margin | 11.1% | 100.0% | -8.3% | -11.4% | 100.0% | -65.7% | -35.4% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $16.22M | $14.8M | $12.83M | $23.86M | $8.74M | $8.52M | $7.47M |
| Other | $0 | $338.4M | $0 | -$12.96M | $168.19M | $0 | $0 |
| Total Operating Expenses | $16.22M | $353.2M | $12.83M | $10.89M | $176.93M | $8.52M | $7.47M |
| Operating Income (EBIT) | $39.51M | -$21.7M | -$39.49M | -$40.8M | -$56.71M | -$53.54M | -$88.59M |
| Operating Margin | 7.9% | -6.5% | -12.3% | -15.6% | -47.2% | -78.1% | -38.6% |
| Interest Expense | $265.91M | $122.11M | $99.6M | $53.24M | $16.02M | $10.76M | $17.91M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$194.88M | -$241.05M | -$117.79M | -$142.25M | -$53.26M | -$20.17M | $91.84M |
| Income Before Tax (EBT) | -$155.37M | -$262.75M | -$157.28M | -$183.05M | -$109.97M | -$73.71M | $3.25M |
| Income Tax Expense | -$3.32M | $3.31M | $2.47M | $4.47M | -$3.63M | -$1.98M | $14.38M |
| Net Income | -$107.17M | -$223.65M | -$121.34M | -$153.58M | -$79.87M | -$55.2M | $6.43M |
| Net Income Margin | -21.3% | -67.5% | -37.9% | -58.6% | -66.4% | -80.5% | 2.8% |
| Supplementary Data | |||||||
| EPS | -2.26 | -2.72 | -1.78 | -1.73 | -0.81 | -0.56 | 0.06 |
| Diluted EPS | -2.26 | -2.72 | -1.78 | -1.73 | -0.81 | -0.56 | 0.06 |
| Weighted Average OS | 115.21M | 108.22M | 102.96M | 99.45M | 99.19M | 99.19M | 99.19M |
| EBITDA | $243.03M | -$61.23M | $23.32M | -$59.06M | -$39.94M | -$31.83M | $54.28M |
| EBITDA Margin | 48.4% | -18.5% | 7.3% | -22.5% | -33.2% | -46.4% | 23.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $325.95M | $27.79M | $29.37M | $36.49M | $49.87M | $15.71M | $6.52M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $325.95M | $27.79M | $29.37M | $36.49M | $49.87M | $15.71M | $6.52M |
| Accounts Receivable | $95.39M | $53.38M | $55.99M | $60.81M | $50.3M | $4.95M | $14.95M |
| Inventory | $0 | $311K | $300K | $113.16M | $251.98M | $100K | $5.6M |
| Other Current Assets | $62.68M | $128.63M | $99.85M | $67.36M | $43.43M | $59.56M | $13.96M |
| Total Current Assets | $484.01M | $219.85M | $185.5M | $277.8M | $412.98M | $84.52M | $41.03M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $4.72B | $1.76B | $1.74B | $1.78B | $1.63B | $1.04B | $800.69M |
| Goodwill | $365.7M | $275.37M | $275.37M | $260.25M | $257.14M | $122.73M | $122.64M |
| Intangible Assets | $43.17M | $46.23M | $52.62M | $60.2M | $67.74M | $13.03M | $16.58M |
| Long-Term Investments | $22.24M | $12.53M | $72.7M | $73.59M | $54.41M | $123.79M | $155.9M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $118.27M | $61.55M | $57.25M | $26.83M | $24.88M | $17M | $17.47M |
| Total Long-Term Assets | $5.26B | $2.15B | $2.19B | $2.2B | $2.03B | $1.31B | $1.11B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $5.75B | $2.37B | $2.38B | $2.48B | $2.44B | $1.4B | $1.15B |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $280.71M | $176.43M | $130.8M | $132.15M | $115.63M | $52.28M | $76.09M |
| Short-Term Debt | $1.62B | $48.59M | $0 | $0 | $0 | $25M | $146.01M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $8.3M | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $54.74M | -$738K | $2.52M | $7M | $10.93M | $4.19M | $3.75M |
| Total Current Liabilities | $1.96B | $250.79M | $150.64M | $159.58M | $129.47M | $82.36M | $225.85M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $2.23B | $1.54B | $1.34B | $1.23B | $718.62M | $253.47M | $147.28M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $300.23M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $243.72M | $67.1M | $87.53M | $236.13M | $64.66M | $7.77M | $15.21M |
| Total Long-Term Liabilities | $2.85B | $1.67B | $1.49B | $1.53B | $850.79M | $321.26M | $162.49M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $4.8B | $1.92B | $1.64B | $1.69B | $980.25M | $403.61M | $388.34M |
| Stockholders' Equity | |||||||
| Preferred Stock | $1.09B | $381.22M | $325.23M | $264.59M | $0 | $0 | $0 |
| Common Stock | $1.16M | $1.14M | $1.01M | $994K | $1.62B | $999.29M | $729.06M |
| Retained Earnings | -$512.99M | -$405.82M | -$182.17M | -$60.84M | $0 | $0 | $0 |
| Comprehensive Income & Other | -$90.62M | -$157.05M | -$178.51M | -$300.13M | -$155.46M | -$26.24M | $372K |
| Other Stockholders' Equity | $1.62B | $988.55M | $990.69M | $876.06M | -$155.46M | -$26.24M | $372K |
| Total Equity | $1.11B | $583.87M | $809.52M | $816.21M | $1.46B | $973.05M | $729.43M |
| Minority Interest | -$167.56M | -$127.51M | -$71.43M | -$26.83M | -$91K | $22.34M | $36.54M |
| Total Liabilities and Equity | $5.92B | $2.5B | $2.45B | $2.51B | $2.44B | $1.38B | $1.12B |
| Supplementary Data | |||||||
| Total Debt | $3.93B | $1.66B | $1.41B | $1.3B | $789.03M | $339.38M | $293.29M |
| Net Debt | $3.6B | $1.63B | $1.38B | $1.26B | $739.16M | $323.67M | $286.77M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | -$260.41M | -$266.06M | -$159.75M | -$187.52M | -$106.34M | -$71.72M | -$11.14M |
| Depreciation & Amortization | $132.49M | $79.41M | $80.99M | $70.75M | $54.02M | $31.11M | $33.13M |
| Deferred Income Tax | -$5.76M | $1.92M | $2.02M | $3.98M | -$3.87M | -$2.28M | $14.1M |
| Stock-Based Compensation | $11.08M | $8.64M | $9.2M | $4.15M | $4.04M | $2.33M | $1.51M |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$9.92M | $2.13M | $2.84M | -$3.3M | -$26.8M | $10M | $4.12M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $51.74M | $20.97M | $8.55M | $7.01M | $15.49M | -$14.22M | $21.34M |
| Other Working Capital | -$83.7M | -$8.98M | $26.31M | -$12.51M | -$12.19M | -$11.63M | -$8.39M |
| Total Working Capital Change | -$41.88M | $14.13M | $37.7M | -$8.8M | -$23.5M | -$15.86M | $17.07M |
| Other Non-Cash Items | $46.47M | $146.69M | $35.35M | $74.75M | $13.94M | $9.56M | -$107.34M |
| Net Cash from Operating | -$118.01M | -$15.28M | $5.51M | -$42.69M | -$61.72M | -$46.86M | -$52.67M |
| Investing Activities | |||||||
| Capital Expenditures | -$281.25M | -$82.82M | -$100.75M | -$217.14M | -$140.9M | -$247.52M | -$323.04M |
| Acquisitions | -$856.64M | -$3.83M | -$11.53M | -$9.81M | -$682.31M | $0 | $62.9M |
| Purchases of Investments | -$18.55M | -$36.44M | -$7.08M | -$47.45M | -$10M | -$4.69M | $0 |
| Sales of Investments | $11M | $0 | $0 | $0 | $10M | $0 | $0 |
| Other Investing Activities | $2.77M | $4.95M | -$27.77M | $7.14M | -$5.51M | $0 | $1.55M |
| Net Cash from Investing | -$1.14B | -$118.14M | -$147.12M | -$267.27M | -$828.72M | -$252.22M | -$258.58M |
| Financing Activities | |||||||
| Debt Repaid | -$951.66M | -$250.83M | -$106.22M | -$519.02M | -$451.1M | -$24M | -$196.96M |
| Common Stock Issuance | $981.5M | -$3.33M | $0 | $0 | $698.18M | $325.44M | $0 |
| Common Stock Repurchases | -$447.12M | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$13.83M | -$13.12M | -$12.37M | -$3.16M | $0 | $0 | $0 |
| Other Financing Activities | -$32.88M | -$26.48M | -$12.64M | -$647.36M | -$12.41M | -$11.8M | $96.69M |
| Net Cash from Financing | $1.44B | $193.23M | $79.45M | $157.74M | $1.14B | $337.63M | $293.65M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $178.65M | $59.82M | -$62.16M | -$152.21M | $246.43M | $38.55M | -$17.6M |
| Supplementary Data | |||||||
| Operating Cash Flow | -$118.01M | -$15.28M | $5.51M | -$42.69M | -$61.72M | -$46.86M | -$52.67M |
| Capital Expenditure | -$281.25M | -$82.82M | -$100.75M | -$217.14M | -$140.9M | -$247.52M | -$323.04M |
| Free Cash Flow | -$399.26M | -$98.1M | -$95.23M | -$259.83M | -$202.61M | -$294.38M | -$375.71M |
| Cash at Beginning | $147.3M | $87.48M | $149.64M | $301.86M | $55.42M | $16.87M | $34.47M |
| Cash at End | $325.95M | $147.3M | $87.48M | $149.64M | $301.86M | $55.42M | $16.87M |