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Companies / Industrials / FTAI Infrastructure Inc.
FIP

FTAI Infrastructure Inc.

IndustrialsTransportation & Utilities
Ticker FIPNEW YORK, NYFiscal year ends DecemberBook value per share $-4.63Diluted shares 117.7M

FTAI Infrastructure Inc. (Nasdaq: FIP) acquires, develops and operates infrastructure assets serving transportation, energy and industrial customers. Its businesses include Railroad, which operates North American short-line and regional railroads; Ports and Terminals, which stores and handles crude oil, refined… From the company’s description.

Over the twelve months to Sep 30, 2026, FTAI Infrastructure Inc. reported revenue of $737.62M, up 67.7% from a year earlier, and a net loss of $487.51M. Its operating margin was −3.1%, and operations used $11.11M in cash. In fiscal 2025, it reported revenue of $502.52M, up 51.6% from fiscal 2024, and a net loss of $152.05M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$502.52MFY2025
+51.6% year over year
Last 12 mo $737.62M
1.59%FY2025
+31.6 percentage points
Last 12 mo -3.10%
$-152.05MFY2025
+42.9% year over year
Last 12 mo $-487.51M
-691.99%FY2025
−595.9 percentage points
Last 12 mo 73.65%
Cash & financing
$-118.01MFY2025
−672.4% year over year
Last 12 mo $-11.11M
$-398.53MFY2025
−320.3% year over year
Last 12 mo $-290.77M
176.99FY2025
Was 7.84× a year earlier
Last 12 mo -5.19
115.2MFY2025
+6.5% year over year
Last 12 mo 117.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What FTAI Infrastructure Inc. does

In the company’s own words

FTAI Infrastructure Inc. (Nasdaq: FIP) acquires, develops and operates infrastructure assets serving transportation, energy and industrial customers. Its businesses include Railroad, which operates North American short-line and regional railroads; Ports and Terminals, which stores and handles crude oil, refined products and other energy products; Power and Gas, which operates energy facilities including a 485-megawatt power plant; and Sustainability and Energy Transition, which invests in recycling, sustainable fuels and carbon-capture technologies. In 2025, Railroad contributed 34% of revenue, Ports and Terminals 19%, and Power and Gas 36%; corporate and other sources accounted for the remaining 11%. Customers include industrial and energy companies, crude oil refiners, petroleum-product traders, manufacturers and electricity markets. Its assets include the Transtar and Wheeling railroads, Jefferson Terminal and Repauno marine terminals, and the Long Ridge energy site. FTAI Infrastructure was formed in 2021 as a subsidiary of FTAI Aviation. At December 31, 2025, it had $5.7 billion in consolidated assets and approximately 1,110 employees across its subsidiaries. Its website is http://www.fipinc.com.

Company details
Sector
Industrials
Industry (SIC)
Transportation & Utilities
Headquarters
NEW YORK, NY
Fiscal year end
December
CIK
1899883
SIC
4011

Financial performance, year by year

Fiscal 2022–2025 · USD
$-610.02M$-242.48M$125.06M$492.60M$860.14M2022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns FTAI Infrastructure Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

133
funds hold it
0 of 35
superinvestors hold it
$128.31M
held by funds, at market
22.0%
of shares held by funds

Largest fund holders · FTAI Infrastructure Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets
First Eagle Small Cap Opportunity Fund
FESRX · First Eagle Funds
—of fund net assets
0.51%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do FTAI Infrastructure Inc. and its peers compare on margins and cash generation over ten years?”
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