FIP
FTAI Infrastructure Inc.
FIP lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink, though they disagree widely on how much.
FIP Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Weak |
FIP's revenue is currently healthy, but its profitability, cash flow and balance sheet are under pressure.
FIP PE Valuation
FIP has no meaningful PE right now: it lost money over the past year.
FIP Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect FIP's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
FIP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$5.04 | -$2.61 |
| Q2 2026 | -$5.15 | -$3.65 |
| Q1 2026 | -$4.47 | -$3.18 |
| Q4 2025 | -$2.26 | +$0.46 |
| Q3 2025 | -$2.43 | -$0.46 |
| Q2 2025 | -$1.50 | +$0.57 |
| Q1 2025 | -$1.29 | +$0.64 |
| Q4 2024 | -$2.72 | -$0.93 |
FIP lost $5.04 per share over the past year, a bigger loss than the year before.
FIP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $219M | +56% |
| Q2 2026 | $186.8M | +53% |
| Q1 2026 | $188.4M | +96% |
| Q4 2025 | $143.5M | +78% |
| Q3 2025 | $140.6M | +69% |
| Q2 2025 | $122.3M | +44% |
| Q1 2025 | $96.2M | +17% |
| Q4 2024 | $80.8M | -0.8% |
FIP's revenue has grown year over year for seven quarters in a row: $219M last quarter, up 56% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9% | -5.6 points |
| Q2 2026 | -25% | -19 points |
| Q1 2026 | 1.5% | +10 points |
| Q4 2025 | 0.9% | +97 points |
| Q3 2025 | 15% | +23 points |
| Q2 2025 | -5.6% | -2 points |
| Q1 2025 | -8.8% | +5 points |
| Q4 2024 | -96% | -90 points |
FIP's operating margin was 9% last quarter, down 5.6 points from the same quarter a year ago.
FIP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$63.4M | +$27.3M |
| Q2 2026 | -$43.5M | +$44M |
| Q1 2026 | -$115.9M | +$35.8M |
| Q4 2025 | -$68.6M | -$34.4M |
| Q3 2025 | -$90.7M | -$79.1M |
| Q2 2025 | -$87.5M | -$55.4M |
| Q1 2025 | -$151.7M | -$134.9M |
| Q4 2024 | -$34.3M | -$21.7M |
FIP has burned cash in almost every quarter: −$291M over the past year, against −$364M the year before.
FIP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +17.8K shares |
| 1 year | +2.3% | +2.6M shares |
| 3 years | +15% | +15.4M shares |
| 5 years | +19% | +19M shares |
FIP has 118M diluted shares, up 2.3% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
FIP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 19.6x | High |
| Q2 2026 | 19.3x | High |
| Q1 2026 | 21.5x | High |
| Q4 2025 | 26.7x | High |
| Q3 2025 | 91.1x | High |
| Q3 2024 | 28.4x | High |
| Q2 2024 | 32.3x | High |
| Q1 2024 | 32.2x | High |
FIP's net debt is about 20 years of its operating earnings (EBITDA), down from more than 20 years a year ago.
FIP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.5 | Neutral |
| Stochastic | 52.0 | Neutral |
FIP's weekly RSI is 55 (neutral) and its Stochastic is 52 (neutral).
FIP PE vs Industrials Sector
FIP has no meaningful PE right now: it lost money over the past year.
FIP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.00 | 41% above |
| 20 week MA | $3.55 | 19% above |
| 50 week MA | $4.53 | 6.6% below |
| 100 week MA | $5.04 | 16% below |
| 200 week MA | $5.25 | 19% below |
FIP has bounced recently, but its long-term trend is still down: it's above its 8- and 20-week averages, but 19% below its 200-week average.
FIP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2022 | $3.58 | $2.89 | -19% |
| 2023 | $2.89 | $3.89 | +35% |
| 2024 | $3.89 | $7.11 | +83% |
| 2025 | $7.11 | $4.84 | -32% |
| 2026 YTD | $4.84 | $4.23 | -13% |
FIP has finished lower in two of the last four years. It's down 13% so far in 2026.