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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 | -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 | |