Loading…
FTAI Infrastructure Inc. engages in acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. It operates through four segments: Railroad, Ports and Terminals, Power and Gas, and Sustainability and Energy Transition. The company operates a multi-modal crude oil and refined products terminal, and other related assets; and Jefferson Terminal and Repauno that develops or acquires industrial properties in strategic locations that store and handle for third parties various energy products, including crude oil, refined products, and clean fuels. It also has a 1,630-acre deep-water port located along the Delaware River with an underground storage cavern, a multipurpose dock, a rail-to-ship transloading system, and multiple industrial development opportunities; and a 1,660-acre multi-modal port located along the Ohio River with rail, dock, and multiple industrial development opportunities, including a power plant. In addition, the company owns and operates eight freight railroads and one switching company that provides rail service to certain manufacturing and production facilities. Further, it focuses on waste plastic to renewable fuel, hydrogen-fueled power plant, and carbon capture businesses. FTAI Infrastructure Inc. was incorporated in 2021 and is headquartered in New York, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $503M | $243M | $-107M | $-399M | -1673.3% | 51.6% | - |
| 2024 | $331M | $-61M | $-224M | $-98M | -297.6% | 3.4% | - |
| 2023 | $320M | $23M | $-121M | $-95M | -29.4% | 22.3% | - |
| 2022 | $262M | $-59M | $-154M | $-260M | -29.3% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 261.97 | 320.47 | 331.50 | 502.52 |
| Operating Expense | 302.76 | 359.96 | 353.20 | 463.01 |
| Operating Income | -40.80 | -39.49 | -21.70 | 39.51 |
| EBITDA | -59.06 | 23.32 | -61.23 | 243.03 |
| EBIT | -129.81 | -57.68 | -140.64 | 110.54 |
| Pretax Income | -183.05 | -157.28 | -262.75 | -155.37 |
| Tax Provision | 4.47 | 2.47 | 3.31 | -3.32 |
| Net Income | -153.58 | -121.34 | -223.65 | -107.17 |
| Net Income Common Stockholders | -177.24 | -183.74 | -294.46 | -260.41 |
| Total Expenses | 302.76 | 359.96 | 353.20 | 463.01 |
| Interest Expense | 53.24 | 99.60 | 122.11 | 265.91 |
| Selling General And Administration | 10.89 | 12.83 | 14.80 | 16.22 |
| Normalized EBITDA | -40.61 | 23.38 | 23.11 | 205.05 |
| Normalized Income | -139.01 | -121.29 | -157.01 | -144.33 |
| Basic EPS | -1.73 | -1.78 | -2.75 | 0 |
| Diluted EPS | -1.73 | -1.79 | -2.75 | 0 |
| Tax Effect Of Unusual Items | -3.87 | -0.01 | -17.71 | 0.82 |
| Tax Rate For Calcs | 0.21 | 0.21 | 0.21 | 0.02 |
| Total Unusual Items | -18.45 | -0.06 | -84.35 | 37.98 |
| Total Unusual Items Excluding Goodwill | -18.45 | -0.06 | -84.35 | 37.98 |
| Net Income From Continuing Operation Net Minority Interest | -153.58 | -121.34 | -223.65 | -107.17 |
| Reconciled Depreciation | 70.75 | 80.99 | 79.41 | 132.49 |
| Net Interest Income | -53.24 | -99.60 | -122.11 | -265.91 |
| Net Income From Continuing And Discontinued Operation | -153.58 | -121.34 | -223.65 | -107.17 |
| Diluted Average Shares | 102.75 | 102.96 | 108.22 | 0 |
| Basic Average Shares | 102.75 | 102.96 | 108.22 | 0 |
| Diluted NI Availto Com Stockholders | -177.24 | -183.74 | -294.46 | -260.41 |
| Otherunder Preferred Stock Dividend | 0 | 0 | 0 | 38.88 |
| Preferred Stock Dividends | 23.66 | 62.40 | 70.81 | 114.35 |
| Minority Interests | 33.93 | 38.41 | 42.42 | 44.88 |
| Net Income Including Noncontrolling Interests | -187.52 | -159.75 | -266.06 | -152.05 |
| Net Income Continuous Operations | -187.52 | -159.75 | -266.06 | -152.05 |
| Other Income Expense | -89.02 | -18.18 | -118.94 | 71.03 |
| Other Non Operating Income Expenses | -3.17 | 6.59 | 20.90 | 20.75 |
| Special Income Charges | -18.45 | -0.06 | -84.35 | 37.98 |
| Gain On Sale Of Ppe | -1.60 | 6.86 | 2.37 | 128.84 |
| Other Special Charges | 0 | 2.04 | 8.93 | 59.32 |
| Write Off | 0 | 0.74 | 72.34 | 4.40 |
| Impairment Of Capital Assets | 0 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | 16.84 | 4.14 | 5.46 | 27.14 |
| Earnings From Equity Interest | -67.40 | -24.71 | -55.50 | 12.30 |
| Net Non Operating Interest Income Expense | -53.24 | -99.60 | -122.11 | -265.91 |
| Interest Expense Non Operating | 53.24 | 99.60 | 122.11 | 265.91 |
| Other Operating Expenses | 221.12 | 266.14 | 258.99 | 314.30 |
| Depreciation Amortization Depletion Income Statement | 70.75 | 80.99 | 79.41 | 132.49 |
| Depreciation And Amortization In Income Statement | 70.75 | 80.99 | 79.41 | 132.49 |
| General And Administrative Expense | 10.89 | 12.83 | 14.80 | 16.22 |
| Other Gand A | 10.89 | 12.83 | 14.80 | 16.22 |
| Operating Revenue | 258.50 | 322.42 | 331.46 | 502.20 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| FTAI Infrastructure Inc.this co. | FIP | $670M | - | 30.98 | -1673.3% | 32.46 |
| Transcat, Inc. | TRNS | $695M | 87.59 | 2.34 | 5.1% | 19.97 |
| Hyster-Yale, Inc. | HY | $686M | - | 1.44 | -12.2% | 20.87 |
| Smith & Wesson Brands, Inc. | SWBI | $686M | 64.21 | 1.89 | 3.6% | 14.41 |
| Sturm, Ruger & Company, Inc. | RGR | $684M |
| - |
| 2.41 |
| -1.5% |
| 51.26 |
| Latham Group, Inc. | SWIM | $683M | 64.89 | 1.68 | 2.7% | 11.15 |
| Serve Robotics Inc. | SERV | $680M | - | 1.92 | -28.9% | -4.28 |
| Safe Bulkers, Inc. | SB | $675M | 22.00 | 0.81 | 4.6% | 8.44 |
| Himalaya Shipping Ltd. | HSHP | $644M | 36.11 | 3.96 | 10.9% | 13.33 |
| Peer Median | - | 64.21 | 1.90 | 3.2% | 13.87 | |