Stocks · Industrials · Railroads, Line-Haul Operating

FTAI Infrastructure Inc.

FIP Clue Score50
United States Fiscal year ends December CIK 0001899883
$2.65 -0.38% Close, 9 Oct 2026
Price $2.65 −8.30% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 21 Jul 2022. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2020Revenue68.6Net income−71.7EPS, diluted−0.56Fiscal year 2021Revenue120.2 +75.3%Net income−106.3EPS, diluted−0.80Fiscal year 2022Revenue262.0 +117.9%Net income−187.5EPS, diluted−1.73Fiscal year 2023Revenue320.5 +22.3%Net income−159.8EPS, diluted−1.79Fiscal year 2024Revenue331.5 +3.4%Net income−266.1EPS, diluted−2.72Fiscal year 2025Revenue502.5 +51.6%Net income−152.1EPS, diluted−2.26
FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 68.6 120.2 262.0 320.5 331.5 502.5
Growth +75.3% +117.9% +22.3% +3.4% +51.6%
Net income −71.7 −106.3 −187.5 −159.8 −266.1 −152.1
Growth
EPS, diluted −0.56 −0.80 −1.73 −1.79 −2.72 −2.26
Growth

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2020Net margin−104.6%Free cash flow margin−429.4%Fiscal year 2021Net margin−88.5%Free cash flow margin−168.5%Fiscal year 2022Net margin−71.6%Free cash flow margin−99.2%Fiscal year 2023Net margin−49.8%Free cash flow margin−29.2%Fiscal year 2024Net margin−80.3%Free cash flow margin−28.6%Fiscal year 2025Net margin−30.3%Free cash flow margin−79.3%
FY2020FY2021FY2022FY2023FY2024FY2025
Net margin −104.6% −88.5% −71.6% −49.8% −80.3% −30.3%
Free cash flow margin −429.4% −168.5% −99.2% −29.2% −28.6% −79.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2020Operating cash flow−46.9Capital expenditure−247.5Free cash flow−294.4Dividends paid0.0Fiscal year 2021Operating cash flow−61.7Capital expenditure−140.9Free cash flow−202.6Dividends paid0.0Fiscal year 2022Operating cash flow−42.7Capital expenditure−217.1Free cash flow−259.8Dividends paid−3.1Fiscal year 2023Operating cash flow5.5Capital expenditure−99.0Free cash flow−93.5Dividends paid−12.4Fiscal year 2024Operating cash flow−15.3Capital expenditure−79.5Free cash flow−94.8Dividends paid−13.1Fiscal year 2025Operating cash flow−118.0Capital expenditure−280.5Free cash flow−398.5Dividends paid−13.8
FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −46.9 −61.7 −42.7 5.5 −15.3 −118.0
Capital expenditure −247.5 −140.9 −217.1 −99.0 −79.5 −280.5
Free cash flow −294.4 −202.6 −259.8 −93.5 −94.8 −398.5
Growth
Dividends paid 0.0 0.0 −3.1 −12.4 −13.1 −13.8

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2020Cash15.7Total debt278.5Net cash (debt)−262.8Shareholders’ equity973.1Debt to equity0.29Fiscal year 2021Cash49.9Total debt718.6Net cash (debt)−668.8Shareholders’ equity1,462.1Debt to equity0.49Fiscal year 2022Cash36.5Total debt1,230.2Net cash (debt)−1,193.7Shareholders’ equity551.6Debt to equity2.23Fiscal year 2023Cash29.4Total debt1,340.9Net cash (debt)−1,311.5Shareholders’ equity484.3Debt to equity2.77Fiscal year 2024Cash27.8Total debt1,587.8Net cash (debt)−1,560.1Shareholders’ equity202.7Debt to equity7.84Fiscal year 2025Cash57.4Total debt3,774.2Net cash (debt)−3,716.8Shareholders’ equity21.3Debt to equity176.99
FY2020FY2021FY2022FY2023FY2024FY2025
Cash 15.7 49.9 36.5 29.4 27.8 57.4
Total debt 278.5 718.6 1,230.2 1,340.9 1,587.8 3,774.2
Net cash (debt) −262.8 −668.8 −1,193.7 −1,311.5 −1,560.1 −3,716.8
Shareholders’ equity 973.1 1,462.1 551.6 484.3 202.7 21.3
Debt to equity 0.29 0.49 2.23 2.77 7.84 176.99

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
−46.9 −61.7 −42.7 5.5 −15.3 −118.0
Growth −377.1%
31.1 54.0 70.7 81.0 79.4 132.5
Investment
−247.5 −140.9 −217.1 −99.0 −79.5 −280.5
calc −294.4 −202.6 −259.8 −93.5 −94.8 −398.5
Growth
calc −2.96 −2.04 −2.53 −0.91 −0.88 −3.46
−252.2 −828.7 −267.3 −147.1 −118.1 −1,142.7
Financing
337.6 1,136.9 157.7 79.4 193.2 1,439.3
0.0 0.0 −3.1 −12.4 −13.1 −13.8

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.