FIP
FTAI Infrastructure Inc.
NASDAQ: FIP · INDUSTRIALS · CONGLOMERATES
$6.15
+8.38% today
Updated 2026-04-30
Market cap
$639.26M
P/E ratio
—
P/S ratio
1.27x
EPS (TTM)
$-2.26
Dividend yield
2.17%
52W range
$4 – $8
Volume
1.0M
FTAI Infrastructure Inc. (FIP) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $229.45M | $68.56M | $120.22M | $261.97M | $320.47M | $331.50M | $502.52M |
| Revenue growth (YoY) | — | -70.1% | +75.3% | +117.9% | +22.3% | +3.4% | +51.6% |
| Cost of revenue | $310.58M | $113.58M | $168.19M | $291.87M | $347.13M | $247.67M | $446.79M |
| Gross profit | $-81.13M | $-45.02M | $120.22M | $-29.90M | $-26.66M | $331.50M | $55.73M |
| Gross margin | -35.4% | -65.7% | 100.0% | -11.4% | -8.3% | 100.0% | 11.1% |
| R&D | — | — | — | — | — | — | — |
| SG&A | $24.01M | $8.52M | $8.74M | $23.86M | $12.83M | $14.80M | $16.22M |
| Operating income | $-88.59M | $-53.54M | $-56.71M | $-40.80M | $-39.49M | $-21.70M | $39.51M |
| Operating margin | -38.6% | -78.1% | -47.2% | -15.6% | -12.3% | -6.5% | 7.9% |
| EBITDA | $54.28M | $-31.83M | $-39.94M | $-59.06M | $23.32M | $-61.23M | $243.03M |
| EBITDA margin | 23.7% | -46.4% | -33.2% | -22.5% | 7.3% | -18.5% | 48.4% |
| EBIT | $21.15M | $-62.94M | $-93.95M | $-129.81M | $-57.68M | $-140.64M | $110.54M |
| Interest expense | $17.91M | $10.76M | $16.02M | $53.24M | $99.60M | $122.11M | $265.91M |
| Income tax | $14.38M | $-1.98M | $-3.63M | $4.47M | $2.47M | $3.31M | — |
| Effective tax rate | 69.1% | 3.5% | 4.3% | -3.0% | -2.1% | -1.5% | 0.0% |
| Net income | $6.43M | $-55.20M | $-79.87M | $-153.58M | $-121.34M | $-223.65M | $-107.17M |
| Net income growth (YoY) | — | -958.2% | -44.7% | -92.3% | +21.0% | -84.3% | +52.1% |
| Profit margin | 2.8% | -80.5% | -66.4% | -58.6% | -37.9% | -67.5% | -21.3% |