Ftai Infrastructure Inc (FIP) financials
Ftai Infrastructure revenue and earnings by year
Ftai Infrastructure's revenue was $503 million in the fiscal year to December 31, 2025, up 51.6% from the year before. Net income was -$207 million, -41.3% of revenue. Since the fiscal year to December 31, 2019, revenue has grown 14.0% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 7 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | 503 | 331 | 320 | 262 | 120 | 69 | 229 |
| Revenue growth | 51.6% | 3.4% | 22.3% | 117.9% | 75.3% | -70.1% | — |
| Gross profit | 203 | 84 | 67 | 54 | 22 | -1 | -31 |
| Gross margin | 40.4% | 25.3% | 20.8% | 20.5% | 18.0% | -1.2% | -13.7% |
| Operating income | 8 | -99 | -44 | -58 | -72 | -55 | -102 |
| Operating margin | 1.6% | -30.0% | -13.8% | -22.0% | -59.5% | -80.5% | -44.7% |
| Net income | -207 | -294 | -184 | -154 | -80 | -55 | 6 |
| Net margin | -41.3% | -88.8% | -57.3% | -58.6% | -66.4% | -80.5% | 2.8% |
| Diluted EPS | -$2.26 | -$2.72 | -$1.79 | -$1.73 | — | — | — |
| Free cash flow | -396 | -93 | -94 | -253 | -198 | -294 | -376 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open FIP in Markets.
How Ftai Infrastructure makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Rail Revenue | $88.8M | 47.5% |
| Power Revenues | $42.6M | 22.8% |
| Services & Other | $29.8M | 15.9% |
| Roadside Services Revenues | $15.5M | 8.3% |
| Gas Revenues | $5.86M | 3.1% |
| License & Service | $2.77M | 1.5% |
| Product & Service Other | $1.49M | 0.8% |
See also: FIP returns
No forecast, no recommendation. This page describes Ftai Infrastructure Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.