Company Analysis

FTAI Infrastructure Inc. (FIP)

Nasdaq: FIP · Railroads, Line-Haul Operating · New York, NY · filing with the SEC since 2021
Grade4.1
◀ Past 3.6● Present 3.4▶ Future 5.4
2 est.

The grade of FTAI Infrastructure Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.1/10
◀ Past3.630% of the headline
● Present3.440% of the headline
▶ Future5.430% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.6/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
0.8/10

Has it survived what it has been through?

6 warning events since 2021; the latest 2026-04-17.

weight 33% of this tense · 8th percentile among 6 sector filers · read for itself

From the record

FTAI Infrastructure Inc.'s filings since 2021 show 6 warning events of 2 kinds: an auditor change (8-K item 4.01, the latest 2026-04-17); a late-report notice (Form NT 10-K or NT 10-Q, 5 times, the latest 2026-03-03) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.0/10

What has it actually done, year after year?

+48.9% a year over 6 filed years; profitable in 0 of 6.

weight 45% of this tense · 70th percentile among 5 sector filers · read for its customers

From the record

FTAI Infrastructure Inc.'s 6 filed years say what it did: revenue went from $69 million in fiscal 2020 to $503 million in fiscal 2025, up 48.9% a year; it rose in 5 of 5 years; it never fell from a peak; net income was positive in 0 of 6 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span48.9%top 10% of its family
  • the share of years revenue rosetop 10% of its family
  • the share of filed years with a profitbottom 10% of its family
  • the deepest fall from a revenue peak0.0%top 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
1.0/10

How has it treated the people who own it?

SI estimate 1.0/10, confidence 35 of 100 (one part).

weight 22% of this tense · 10th percentile among 5 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 10% of 5 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 5 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: FTAI Infrastructure Inc.'s shareholder treatment is put at 1.0 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 10% of 5 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.4/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
1.0/10

Is it financially healthy right now?

Leverage 103%: owes 103¢ per asset dollar.

weight 33% of this tense · 10th percentile among 5 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, FTAI Infrastructure Inc.'s shareholders' equity was below zero, so the profit on it is not read. Leverage: it owed about 103 cents per dollar of assets, and net share issuance: its share count grew 6.5% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 10% of its family
  • the share count against the year beforebottom 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.8/10

How strong is its position in its industry?

bottom 38% of 5 in its family; net margin -30.3%.

weight 45% of this tense · 38th percentile among 5 sector filers · read for its customers

From the record

FTAI Infrastructure Inc.'s standing among 5 graded names in its industry family: revenue of $503 million in fiscal 2025 ranks in the bottom 13% by size; a net margin of -30.3% ranks in the bottom 10%; revenue growth of 24.2% a year over the last 3 filed years ranks in the top 10% (its annual reports).

What it rests on

  • revenue against the family$503Mbottom 13% of its family
  • net margin-30.3%bottom 10% of its family
  • three-year revenue growth24.2%top 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
6.3/10

What are the people in charge doing?

SI estimate 6.3/10, confidence 35 of 100 (one part).

weight 22% of this tense · 63rd percentile among 4 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the top 37% of 4 in its family; the record of its people begins on 2022-07-15 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 4.3 years and cannot see past it; a floor under five years is not read as years in charge.
What the record cannot read
The record of its people begins on 2022-07-15 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 4.3 years and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
one part: officer and director changes on Form 8-K, against the people in charge, the one part on file, ranked among 4 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: FTAI Infrastructure Inc.'s leadership is put at 6.3 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the top 37% of 4 in its family; the record of its people begins on 2022-07-15 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 4.3 years and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.4/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
1.0/10

How much room does it have to grow?

bottom 10% of 5 in its family for room to expand.

weight 22% of this tense · 10th percentile among 5 sector filers · read for itself

From the record

FTAI Infrastructure Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $326 million against debt of $3.8 billion leaves -60% of its assets as net cash, bottom 10% of its family; cash from operations less capital spending is -79.3% of revenue (bottom 10%) (its annual report).

What it rests on

  • cash less debt against assets-60.0%bottom 10% of its family
  • cash from operations less capital spending against revenue-79.3%bottom 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.0/10

What could actually drive growth from here?

top 50% of 5 in its family for growth drivers.

weight 45% of this tense · 50th percentile among 5 sector filers · read for its customers

From the record

FTAI Infrastructure Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 24.2% a year over the last three filed years against 48.9% over all 6, slowing (bottom 10% of its family); the newest year grew 51.6% (top 10%); capital spending grew 8.9% a year (top 50%) (its annual reports). FTAI Infrastructure Inc. reported 6 lines of business in fiscal 2025: Long Ridge at $179 million, Power and Gas at $179 million, Railroad at $173 million, and 3 more. 2 of 6 grew in the latest filed year, and the largest line is 28% of revenue (its annual report).

What it rests on

  • three-year growth against the whole span-24.7 points a yearbottom 10% of its family
  • the newest year's revenue growth51.6%top 10% of its family
  • three-year growth of capital spending8.9%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
9.0/10

Did its newest year beat what its own record pointed to?

top 10% of 5 in its family for expectations against reality.

weight 33% of this tense · 90th percentile among 5 sector filers · read for its shareholders

From the record

FTAI Infrastructure Inc.'s newest year against its own record: revenue of $503 million in fiscal 2025 came in 34.8% above the $373 million its prior three years' pace pointed to (top 10% of its family); net income of $152 million against a prior three-year average of $204 million (top 10%); a net margin of -30.3% against -67.2% before (top 10%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace34.8%top 10% of its family
  • net income against the prior three years' average+26%top 10% of its family
  • net margin against its prior average+37.0 pointstop 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton FIP · research, not advice