FIP
FTAI Infrastructure Inc.
FIP trails on the overall score without a compensating advantage in the available component scores.
VRT
Vertiv Holdings Co
VRT has the edge over FIP overall, supported by stronger valuation and stronger modeled upside.
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.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
FIP PE Valuation
FIP has no meaningful PE right now: it lost money over the past year.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT's PE is in its cheap range at 39x. If earnings grow as analysts expect, today's price would be 23x next year's earnings.
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.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
VRT has the edge over FIP on the outlook, with more favorable profitability expectations.
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.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT has the edge over FIP on earnings quality, reporting a profit while its opponent remains loss making.
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.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT's revenue has grown year over year every quarter since late 2020: $4.3B last quarter, up 61% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT has the edge over FIP on profitability, with a higher operating margin.
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.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT has the edge over FIP on cash generation, producing positive trailing cash flow while its opponent burns cash.
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 | — |
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has the edge over FIP on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
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.
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has the edge over FIP on leverage, with a lower net debt burden relative to earnings.
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).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
FIP PE vs Industrials Sector
FIP has no meaningful PE right now: it lost money over the past year.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT is trading at 39x earnings, a 63% premium to the Industrials sector's median of 24x.
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.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 70% above 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.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT has the edge over FIP on returns for 2026, with the stronger performance.