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.
Rule-based from financial data. Not advice.
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 | -502.6% | 51.6% | -52.1% |
| 2024 | $331M | $-61M | $-224M | $-98M | -110.4% | 3.4% | 84.3% |
| 2023 | $320M | $23M | $-121M | $-95M | -25.1% | 22.3% | -21.0% |
| 2022 | $262M | $-59M | $-154M | $-260M | -27.8% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 261.97 | 320.47 | 331.50 | 502.52 |
| Operating Revenue | - | 258.50 | 322.42 | 331.46 | 502.20 |
| Operating Expense | - | 302.76 | 359.96 | 353.20 | 463.01 |
| Selling General And Administration | - | 10.89 | 12.83 | 14.80 | 16.22 |
| Total Expenses | - | 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 |
| Normalized EBITDA | - | -40.61 | 23.38 | 23.12 | 205.05 |
| EBIT | - | -129.81 | -57.68 | -140.64 | 110.54 |
| Interest Expense | - | 53.24 | 99.60 | 122.11 | 265.91 |
| Net Interest Income | - | -53.24 | -99.60 | -122.11 | -265.91 |
| Other Non Operating Income Expenses | - | -3.17 | 6.59 | 20.90 | 20.75 |
| Other Income Expense | - | -89.02 | -18.18 | -118.94 | 71.03 |
| Interest Expense Non Operating | - | 53.24 | 99.60 | 122.11 | 265.91 |
| Net Non Operating Interest Income Expense | - | -53.24 | -99.60 | -122.11 | -265.91 |
| Pretax Income | - | -183.05 | -157.28 | -262.75 | -155.37 |
| Tax Provision | - | 4.47 | 2.47 | 3.31 | -3.32 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -3.87 | -0.01 | -17.71 | 0.82 |
| Net Income Continuous Operations | - | -187.52 | -159.75 | -266.06 | -152.05 |
| Net Income From Continuing And Discontinued Operation | - | -153.58 | -121.34 | -223.64 | -107.17 |
| Net Income From Continuing Operation Net Minority Interest | - | -153.58 | -121.34 | -223.64 | -107.17 |
| Net Income | - | -153.58 | -121.34 | -223.64 | -107.17 |
| Net Income Common Stockholders | - | -177.24 | -183.74 | -294.46 | -260.41 |
| Net Income Including Noncontrolling Interests | - | -187.52 | -159.75 | -266.06 | -152.05 |
| Normalized Income | - | -139.01 | -121.29 | -157.01 | -144.33 |
| Diluted NI Availto Com Stockholders | - | -177.24 | -183.74 | -294.46 | -260.41 |
| Basic Average Shares | - | 102.75 | 102.96 | 108.22 | 115.21 |
| Diluted Average Shares | - | 102.75 | 102.96 | 108.22 | 115.21 |
| Reconciled Depreciation | - | 70.75 | 80.99 | 79.41 | 132.49 |
| Total Unusual Items | - | -18.45 | -0.06 | -84.35 | 37.98 |
| Total Unusual Items Excluding Goodwill | - | -18.45 | -0.06 | -84.35 | 37.98 |
| Preferred Stock Dividends | - | 23.66 | 62.40 | 70.81 | 114.35 |
| Minority Interests | - | 33.93 | 38.41 | 42.42 | 44.88 |
| Special Income Charges | - | -18.45 | -0.06 | -84.35 | 37.98 |
| Other Special Charges | - | - | 2.04 | 8.93 | 59.32 |
| Write Off | - | 0 | 0.74 | 72.34 | 4.40 |
| Impairment Of Capital Assets | 0 | - | - | - | - |
| Restructuring And Mergern Acquisition | - | 16.84 | 4.14 | 5.46 | 27.14 |
| 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 |
| Gain On Sale Of Ppe | - | -1.60 | 6.86 | 2.37 | 128.84 |
| Other Operating Expenses | - | 221.12 | 266.14 | 258.99 | 314.30 |
| Otherunder Preferred Stock Dividend | - | - | - | - | 38.88 |
| Earnings From Equity Interest | - | -67.40 | -24.71 | -55.50 | 12.30 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| FTAI Infrastructure Inc.this co. | FIP | $510M | -4.76 | 23.94 | -502.6% | 17.72 |
| Ennis, Inc. | EBF | $519M | 12.18 | 1.68 | 13.8% | 7.07 |
| Aspen Aerogels, Inc. | ASPN | $516M | -1.33 | 2.19 | -165.4% | -1.52 |
| Tejon Ranch Co. | TRC | $515M | 6870.53 | 1.08 | 0.0% | -309.29 |
| American Battery Technology Company | ABAT | $506M |
| - |
| - |
| - |
| - |
| - |
| - |
| -10.82 |
| 7.17 |
| -66.2% |
| -12.18 |
| Titan International, Inc. | TWI | $502M | -7.91 | 0.98 | -12.3% | 10.69 |
| Park-Ohio Holdings Corp. | PKOH | $477M | 20.04 | 1.25 | 6.2% | 10.57 |
| Pangaea Logistics Solutions Ltd. | PANL | $476M | 24.55 | 1.11 | 4.5% | 6.06 |
| Luxfer Holdings PLC | LXFR | $474M | 61.52 | 2.09 | 3.4% | 13.57 |
| Peer Median | - | 16.11 | 1.47 | 1.7% | 6.57 | |
Historically, Jan has averaged the highest return (+11.2%); Aug the lowest (-9.1%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +26.2%Positive MonthJan 2026: +26.25% | -0.3%Neutral MonthFeb 2026: -0.26% | -14.9%Negative MonthMar 2026: -14.90% | +24.4%Positive MonthApr 2026: +24.39% | -27.4%Negative MonthMay 2026: -27.42% | +4.0%Positive MonthJun 2026: +4.04% | -19.6%Negative MonthJul 2026: -19.61% | +8.8%*Positive MonthAug 2026: +8.85% | — | — | — | — |
| 2025 | -3.3%Negative MonthJan 2025: -3.31% | -16.8%Negative MonthFeb 2025: -16.81% | -22.4%Negative MonthMar 2025: -22.43% | -4.6%Negative MonthApr 2025: -4.64% | +41.4%Positive MonthMay 2025: +41.44% | +1.0%Neutral MonthJun 2025: +0.98% | +1.6%Neutral MonthJul 2025: +1.62% | -23.4%Negative MonthAug 2025: -23.44% | -9.2%Negative MonthSep 2025: -9.17% | +22.5%Positive MonthOct 2025: +22.48% | -19.9%Negative MonthNov 2025: -19.85% | +7.7%Positive MonthDec 2025: +7.71% |
| 2024 | +9.5%Positive MonthJan 2024: +9.51% | +7.5%Positive MonthFeb 2024: +7.51% | +37.1%Positive MonthMar 2024: +37.12% | +15.3%Positive MonthApr 2024: +15.29% | +18.1%Positive MonthMay 2024: +18.09% | +0.9%Neutral MonthJun 2024: +0.94% | +19.5%Positive MonthJul 2024: +19.47% | -3.6%Negative MonthAug 2024: -3.59% | -5.8%Negative MonthSep 2024: -5.84% | -13.8%Negative MonthOct 2024: -13.78% | +7.2%Positive MonthNov 2024: +7.19% | -16.1%Negative MonthDec 2024: -16.07% |
| 2023 | +12.2%Positive MonthJan 2023: +12.20% | -5.4%Negative MonthFeb 2023: -5.44% | -4.2%Negative MonthMar 2023: -4.15% | +3.3%Positive MonthApr 2023: +3.33% | +4.8%Positive MonthMay 2023: +4.84% | +13.5%Positive MonthJun 2023: +13.54% | -3.8%Negative MonthJul 2023: -3.79% | -2.0%Neutral MonthAug 2023: -1.97% | -7.5%Negative MonthSep 2023: -7.47% | -5.0%Negative MonthOct 2023: -4.97% | +20.9%Positive MonthNov 2023: +20.92% | +5.1%Positive MonthDec 2023: +5.14% |
| 2022 | — | — | — | — | — | — | — | -25.5%Negative MonthAug 2022: -25.47% | -12.7%Negative MonthSep 2022: -12.73% | +14.6%Positive MonthOct 2022: +14.58% | +3.6%Positive MonthNov 2022: +3.64% | +3.5%Positive MonthDec 2022: +3.51% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 5 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.